Liberal Forum

Why Is Biden Losing? It's the Economy, Stupid
Jeff Crouere | Apr 29, 2024

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The insatiable appetite for federal spending is a major reason inflation remains high and interest rates have not fallen. As noted by Jeff Cox of CNBC, this combination is toxic for the economy, as “shoppers are spending more than they’re taking in, a situation neither sustainable nor disinflationary.” He also observes that “consumers are dipping into savings to fund those purchases, creating a precarious scenario.”

This “precarious scenario” was verified on Friday with the release of the latest report by the Bureau of Economic Analysis. As shown in three of the last four months, the income of Americans did not keep pace with spending. Thus, the personal saving rate of Americans plummeted to 3.2% in March. In contrast, when President Donald Trump left office in January of 2021, the personal saving rate of Americans averaged 19.3%.

Last week, other troubling data was released, as it was reported that inflation in the first quarter of the year registered a scorching 3.7%, while the real GDP growth was only 1.6%.

These factors will not allow the Federal Reserve to lower interest rates and give the nation’s economy the “soft landing” the Biden administration wanted. With high interest rates, it is no surprise that credit delinquencies have reached their highest level in a decade.

None of these economic factors bode well for the future, in the view of E.J. Antoni, a research fellow at the Heritage Foundation. He believes “We have basically pulled forward trillions of dollars of economic growth by borrowing from the future, but that must be repaid at some point.”While the unemployment rate is low at 3.8%, most of the jobs that have been added are either in the government or part-time.

Overall, the Biden economic record is abysmal, especially compared to President Trump’s record. In his term, the unemployment rate started at 4.7% and dropped to 3.5% prior to the pandemic. When he left office, the unemployment rate was cut more than 50% from the COVID high.Trump also left office with low inflation and interest rates, a marked contrast to the economic situation today. Thus, it should be no surprise that the latest CNN poll shows President Trump with a healthy 49-43% lead over Biden. With Robert F. Kennedy, Jr. and the third-party candidates included, Trump’s lead over Biden increased to nine percentage points, 42-33%.

 
 

This is President Trump’s largest lead over Biden. The reason is simple, Trump created peace abroad and prosperity at home, rebuilt the military and gave Americans a secure border. Conversely, Biden has destroyed our economy and our standing abroad, while opening the border and ruining our military readiness.

Even CNN pollster Jennifer Agiesta had to acknowledge the stark contrast in the survey results. Comparing the presidencies of Trump and Biden, she wrote, “most Americans” view “Trump’s term as president was a success, while a broad majority says Biden’s has so far been a failure.” Yes, the biggest failure to ever occupy the White House.

Full Article:
Why Is Biden Losing? It's the Economy, Stupid (townhall.com)
 

Yup, but they won't listen.

6 months to turn it around

I just hope the Pissrael war crimes protests

grow much larger and much more violent.

Huey » 29 Apr 2024, 7:21 am » wrote: ↑

29 Apr 2024, 7:21 am

Yup, but they won't listen.

In my time evolving the 72 years I have been alive the common sense between every ideology defining typecast people in this species intellectually hasn't ever matched ancestral progression of evolving in plain sight any generation gap throughout history or society recorded.

The common core to every social reality is everyone compromises by agreeing to never agree genetics limits ancestors to adapting to the rotation here evolving as proportionately alive since conceived.

Every ancestral lineage and generation gap follow suggestions based upon race, creed, color, national origin of ancestral lineage since dawn of civilization began intellectually controlling those alive so far.

Ancestral rivalries, generation gap sibling rivalries, social interpretation rivalries living isn't self evident keeping all rivalries of which side directs great great grandchildren next generation gap arriving one at a time today each rotation of the planet population is never same reproductions conceived again.
themes like gender bigotry, which generation is more important than previous generations, as only one left renewing the previous 4 gaps is each great great grandchild born this rotation.

Sumela » 29 Apr 2024, 10:28 am » wrote: ↑

29 Apr 2024, 10:28 am

I just hope the Pissrael war crimes protests

grow much larger and much more violent.

There are no war crimes, Tolstoy.

However, there are terrorist crimes against Israeli citizens.

He is a brain dead corrupt moron.

RebelGator » 29 Apr 2024, 11:07 am » wrote: ↑

29 Apr 2024, 11:07 am

There are no war crimes, Tolstoy.

However, there are terrorist crimes against Israeli citizens.

Israel has succeeded in making 99% of the 

hate them even more than they did before.  Its so funny.

MILLIONS **** on Pissrael all over the world....ITS GLORIOUS!

TURN THAT **** UP!!!
 

Sumela » 29 Apr 2024, 12:29 pm » wrote: ↑

29 Apr 2024, 12:29 pm

Israel has succeeded in making 99% of the 

hate them even more than they did before.  Its so funny.

MILLIONS **** on Pissrael all over the world....ITS GLORIOUS!

TURN THAT **** UP!!!
 

All realities are darkest before the dawn of another reality corrupting last generation gap added each great great grandchild arriving this rotation of the planet.

31stArrival » 29 Apr 2024, 1:51 pm » wrote: ↑

29 Apr 2024, 1:51 pm

All realities are darkest before the dawn of another reality corrupting last generation gap added each great great grandchild arriving this rotation of the planet.

You may be referring to ....Sansara

https://youtu.be/19KffUafXhA
 

Sumela » 29 Apr 2024, 2:17 pm » wrote: ↑

29 Apr 2024, 2:17 pm

You may be referring to ....Sansara

https://youtu.be/19KffUafXhA

My Polish neighbor showed me pictures of his family reunion while at a polka.

I didn't pay attention to that either.

Deezer Shoove » 30 Apr 2024, 7:58 am » wrote: ↑

30 Apr 2024, 7:58 am

My Polish neighbor showed me pictures of his family reunion while at a polka.

I didn't pay attention to that either.

You don't pay attention to self evidently living equally adapting since conceived into a specific ancestral lineage within the population occupying time now.

Each behaving differently as mutually evolving uniquely alive now. Which generation gap are you intellectually boxed within choosing to believe life exceeds current situation for everything/everyone uniquely here.