permafrost wrote:
hello to all the OPPers this fine wet day
Has President Biden helped the economy or lowered inflation?
Hmmm. Let’s see. Before the p******c, the previous guy had k**led about 2,000 American factories and cost us 300,000 jobs because of his trade war. In 2018 we saw the worst year for the Dow since the 2008 housing crisis, ending the longest bull market in American history. By 2019 the Fed was lowering interest rates to try to prevent a recession.
Then a p******c happened, the former guy said it wasn’t a real threat, then blamed it for his failed economy. We saw record job losses, the six worst point drops in the history of the Dow, and a record deficit. The one thing the former guy did to actually impact anything was to force OPEC into a deal to raise oil prices until mid-2022. Because obviously the best thing to do during a global financial crisis is increase global fuel prices. Well, if you’re an i***t that is.
So what did Biden do? Well, in 2021 the p******c got worse, but thanks to Biden’s stimulus bill and policies, 85% of businesses and 95% of schools that closed in 2020 reopened by the end of 2021. We saw a record number of jobs added to the economy in a single year, a record number of new businesses startups, a record cut to the deficit in a President’s first year, and the Dow set a record for most record highs in one year.
We saw the fastest economic recovery in history. Inflation in the US remained consistently lower than that in other industrialized nations, unemployment reached a historic low, childhood poverty hit a record low, workforce participation increased for the first time since Clinton was president, saw home values rise, saw wages rise, saw the best GDP growth in four decades, we made a historic investment in infrastructure without adding a dollar to the deficit, brought microchip manufacturing to the US, and made it legal for Medicare to negotiate prescription drug prices for the first time in history.
Now we’ve added a record number of jobs to the economy for a single P**********l term, we’ve had the largest surge in wealth to the middle class in decades, and domestic oil production is at a record high. And all we did differently was change
hello to all the OPPers this fine wet day br br H... (
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And he still believes in the Tooth Fairy, the Easter Bunny and Pink Unicorns running across the sky on rainbows. Trolling does that to you and so does BS so called facts and figures that don't reflect reality. But his posts are, like this, trolling.