Biden economy is a disaster

[moneill]

Originally Posted by scarabchuck

For those that are in non skilled low paying jobs, that aren't in the market , or are home owners, I can definitely see things getting tougher. Price of gas going up, goods going up, home prices going up...those that are successful can usually always ride out the peaks and valleys of the economy.

I agree -- when we saw costs of goods rise because of tariffs, gas prices rising before pandemic, house values going up because of lumber costs rising because of tariffs ---- low earning folks were hit the hardest.

I do think that's why folks are calling for a higher minimum wage right?

[scarabchuck]

Originally Posted by moneill

I agree -- when we saw costs of goods rise because of tariffs, gas prices rising before pandemic, house values going up because of lumber costs rising because of tariffs ---- low earning folks were hit the hardest.

I do think that's why folks are calling for a higher minimum wage right?

That is a tough one. Isn't that up to the individual ? If one is unhappy with their wage, it's on them to make a change. Also, wages at the non skilled type of jobs should ebb and flow with demand. What hurts that is illegals willing to work for next to nothing, just to be here and take advantage of what our country has to offer, and our government currently paying people to stay home through this covid crisis.

Just forcing companies to pay a $15 an hour minimum wage isn't going to do much, other than hurt the companies, and the consumers.

[BoBromhal]

Originally Posted by Leo58

I don't know about that. Every Republican President in the past 40 years has seen a major recession, and every time a Democrat had to take office and fix it:

GHW Bush - Clinton
GW Bush - Obama
Trump - Biden

Republicans just can't let go of trickle-down, supply side economic theory, which is NOT based on how things actually work.

Originally Posted by Leo58

Another way of saying you can't come up with a cogent argument, so just resort to ad hominem.

2021 - 40 = 1981. Reagan did not have a recession "fixed by a Dem".

there's your cogent argument. But I'll continue ...

Tell me the specific things the Bush I admin did to cause a recession. And the specific things that Clinton did to "fix" it. Actually, you can't - because we exited the 1990 recession after just 2 quarters - before Clinton was even elected.

Now, tell me the same things for Clinton to Bush. What did Clinton do to cause the recession in Q1 2001 when Bush wasn't even POTUS for January.

And what specific things did Obama do to correct the bipartisan housing/credit market collapse 2008 recession? And if the "Obama economy" was so good, why is the ONLY one to never have a single quarter of 6% GDP growth? To have unemployment ABOVE Q42020 ("Trump's economy") until his 2nd term?

for your use: https://www.macrotrends.net/countrie...mestic-product


After you get all this, we can start talking about "trickle down supply side" economics.

[BoBromhal]

Originally Posted by moneill

I remember when the the stock market going up was some kind of indicator of the President doing something AMAZING.....hmmm have you checked it today.

to a few people that don't really know what they're talking about, yes.

[LKJ1988]

Originally Posted by Daryl_G

When Republicans roll out their plan we will all be saved - 2010 Republicans

When Republicans roll out their plan we will all be saved - 2021 Republicans

Well at least there was no fine and i am fine as wine about that. I had to work under the table thanks to that mess jess.

[moneill]

Originally Posted by BoBromhal

to a few people that don't really know what they're talking about, yes.

Yeah but now the stock market isn't so important to them -- think we educated them -- lol.

No way.