The Economy - Real Up-to-Date Numbers
I know the Retrumplicans will want to focus on inflation (which is high), butt the truth is, the economy is recovering nicely despite the fact that we are still experiencing a terrible pandemic.
All of the graphs included below are from CNN ( https://www.cnn.com/business/economic-growth-indicators?utm_source=optzlynewmarketribbon ) because their dashboard is refreshed automatically.
Trump's favorite way to brag about the economy was to always take credit for the stock market reaching new highs. So let's look at the performance of the S&P 500:
As you can see the S&P 500 index has achieved MANY new record highs since last August. Joe Biden has NOT been constantly bragging about it.
The best measure of economic activity is the Gross Domestic Product. This graph illustrates that the Real Gross Domestic Product (which is adjusted for inflation) is also at a record high.
Now let's look at Jobs. We haven't achieved pre-pandemic numbers butt we are rapidly approaching those numbers:
Likewise, the unemployment rate is dropping even though the pandemic continues:
The US economy is driven by consumer spending. That's why the following graph is encouraging. Consumer spending is above pre-pandemic levels:
The next graph is the only one the Republicans want to discuss. The CPI measures the rate of inflation and yes, it is higher.
Usually Republicans claim to worry about debt. This graph shows to Debt to GDP ratio. It peaked in 2020 (during the Trump administration) and is slowly coming down now.
The price of housing has gone up so you will be able to get more money when you sell your house:
The mortgage rate is almost as low as it was during the peak of the pandemic. This is good news if you are buying or selling a house:
Housing starts are at about the pre-pandemic level. This is good news for jobs and housing.
Q: So has the economy fully recovered from the terrible recession?
A: It has almost fully recovered and, considering the fact that we are still in the grips of the pandemic, it doing amazingly well.
I blame Joe Biden!
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Republicans don't want to see the real numbers because they can't handle the truth.
the truth makes the wheels come off their all doom and gloom narrative. 4 years ago it was the "he was just joking, give him a chance" chorus we had to listen to nonstop. now if you can't fix all the monumental fuck-ups caused by the previous administration in 10 months, you're all washed up and and late for the drool room or bone yard.
The "real numbers" from CNN
I see you can't handle the truth.
Reading is fundamental. The numbers didn't come from CNN. CNN merely reports the numbers (accurately). Each graph states the source of the numbers.
S&P 500 index
Source: S&P Dow Jones Indices LLC via FRED Data as of November 26, 2021
US payrolls Note: Monthly change, seasonally adjusted
Unemployment rate Note: Seasonally adjusted
Consumer spending Note: Seasonally adjusted, chained 2012 dollars
Consumer price index (CPI) Note: Percent change from year ago, seasonally adjusted
Debt-to-GDP Note: Percent of GDP, seasonally adjusted
S&P/Case-Shiller US national home price index Note: Index Jan 2000=100, not seasonally adjusted
30-year fixed mortgage rate Note: Not seasonally adjusted
Housing starts Note: Units, seasonally adjusted annual rate
Please indicate which numbers are in error and cite your sources.
those are all fake news sources according to those that have been mired in denial and deep disappointment for over a year now...
And that's supposed to change the source quoted in the seed?
Read the article. The source for each graph is at the bottom of the graph.
Reading is fundaMENTAL.
If there was one.
Nothing has really changed in decades.
People believe what they are predisposed to believe and filter out the rest.
We await your refutation.
Trumpanzees just fling poop and run away.
I await a credible source to refute.
So, you can't refute. Not surprised.
Give me something to refute. CNN is a laughable source. You'd be better off quoting the Babylon Bee. At least they admit their stories are fictional.
Re-read Al's comment 2.1. Those sources are straight from the Dow Jones and gov't agencies who keep track of this stuff
I predict that your comment will be ignored. In attacking the source rather than make a slight attempt at refuting it, his position is revealed as weak. Some folks don't mind tanking their credibility in the course of trolling.
He's stuck on that the seed source is CNN. However, it does take a tiny bit of critical thinking to understand that CNN reports from other sources such as the sources Al listed in his comment 2.1
CNN is not the source, FRED is.
When one is willfully ignorant all we can do is ask why? Do they truly not understand or is the non - understanding just a pretense. Thing is, what difference does it make?
He can't get past that
See my comment in 2.2.2.
Also, I guess you missed where the article states "All of the graphs included below are from CNN" That puts every one of them into question.
And why would I need to read somebody else's addition. Are you saying the seeder didn't do any research? That's what is looks like to me.
I suppose "FRED" is not a credible source when compared to Breitfart and Faux Noise.
The data in the graphs was provided by "FRED" (Federal Reserve Economic Data).
You should keep drinking from the fact free Fox puke funnel.
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As previously stated, CNN is NOT the source of the data.
CNN merely accurately reported the data provided by FRED (Federal Reserve Economic Data).
Look at the bottom of each graph.
I even provided idiot proof links in comment 2.1.
you're dismissed
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Derp.
I see a link, but I doubt the source is the issue for you. Unless the numbers drive the political narrative you have crafted then they must be wrong, end of story. They could come from Fox and you would still reject them.
Out of curiosity, what is a credible source in your eyes, even though as I said the source isn't what you take issue with?
Dude, at the bottom of every single graph it says where it came from. CNN did not make them.
It's now a lost cause. Jeremy is in his happy place. Let's leave him alone
That was gross.
gross...but funny
Yea, it was funny - I was waiting for it to hit the camera.
Oh I know. As I stated below he doesn't actually care about the source, his issue is the data itself. Because it does not say the US is hurtling towards another depression, and thus he can't say Biden is ruining the economy, he will disagree with it. Trying to criticize the source is just his lazy ass bullshit way to discredit the information without being honest about why it should be discredited. Never mind the fact that by trying to claim CNN is the source when it obviously is not just makes him look like a fucking idiot.
It would have hit that kid in the face before it hit the camera
Ignorance is bliss, so they say
While I am sure there is someone named Fred among CNN's employees, I am equally sure that there is no one named FRED.
That would have been funny.
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So does that put me on the level of this article do I still have some sinking to go?
Why not distract everyone by telling us again how slavery in America was not based on race?
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And you want to talk about a distraction.
I'll tell you what's a distraction...whoever is voting up your intellectually adverse comments
Since there is no link to the seeded content, the only conclusion is that this is fabricated.
Everyone else sees the links.
I just finished reading the balance of your comments and the replies from members. Based on that, if sinking is your desire then you might be close to the bottom.
words highlighted in blue, right?
Yes ... but Jeremy is busy with his new toy
early Christmas gift?
Again, the source is not your issue, the numbers themselves are. They don't say what you want so they must be wrong.
If one believes that the numbers aren't accurate it should be easy to dispute them.
typing out nu-uh and posting an emoji is the equivalent apparently...
I guess the numbers aren't that easy to dispute.
Nope. Childish cop-outs are easy to type, though.
Those so-called real numbers are hiding somewhere, I just can't find them said no one.
Ceiling Cat knows what you did last summer
Ut-Oh - I am in trouble now....
The problem we are having is supply chain issues combined with increasing demand as more people get back to work, which is driving inflation. this isn't entirely surprising as it will take various industries time to get back to pre-covid production levels.
No, its all President Biden's fault!
Don't you know that anything bad is his fault?
... everything was perfect in trumpsterland, until 1/20/21.
It started turning into shit on 11/3/2020.
It seems that trying to debate with Jeremy is like playing chess with a pigeon. They squawk a lot, knock over the pieces, shit on the board, and strut around like they won.