Posted on 02/28/2023 8:42:53 AM PST by Red Badger
War Is Peace
Freedom Is Slavery
Ignorance Is Strength
Axios reports that President Biden is preparing to run aggressively for re-election on the economy. His plan is to focus on the GDP which is 20.1T while we have a nearly 32T debt and ran a 1.38T deficit in 2022. He will also run on the low unemployment numbers.
Biden will aggressively ride on an alleged ‘healthy economy.’ Can they hold off a deeper recession or pretend there is no recession until 2024?
Biden, who hasn’t made a formal decision to run for re-election, will on Tuesday take his message of economic optimism to Virginia Beach, where he’ll also hammer Republicans for wanting to repeal his signature Inflation Reduction Act.
The Inflation Reduction Act returns almost unfettered power over the energy sector to the EPA.
He will accuse Republicans of wanting to increase health care costs.
80-year-old Joe Biden in Iowa
Next week, he’ll emphasize his plans to cut deficit spending by $2 trillion over 10 years. As we said, he’s running a 1.38T deficit.
“We’re very proud of the 12 million jobs created since the president took office,” Bharat Ramamurti, the deputy director of the National Economic Council, told Axios.
We lost 20 million jobs during the pandemic. Republicans can aggressively run on that.
“We think the underlying numbers about consumer spending and business investment are also positive,” Ramamurti said. “They show that people have a lot of confidence in their financial condition and where the economy is headed.”
“As we’ve always said, we expect there to be some bumps along the way as we transition to steady and stable growth.”
A Sunday poll from Fox News shows that 62% of respondents disapprove of Biden’s handling of the economy, while 36% approve. On inflation, 66% disapprove and 31% approve.
Those numbers echo a Washington Post-ABC News survey from late January in which 41% of Americans said they were not as well off financially compared to when Biden took office. 16% said their prospects have improved.
While Axios says Biden doesn’t control the economy in these times, they ignore the restrictions he has placed on energy that has caused record high inflation. Gas and home fuel are as much as fifty percent higher than under Donald Trump.
The CPI and PPI are running hot. Inflation runs hot.
The Consumer Price Index (CPI), a measure of how inflation goes, reflects price increases without food and energy. It went up 5.6% in January.
The PPI or Producer Price Index measures the selling prices. PPI for final demand advanced 0.7% in January; goods rose 1.2%, and services increased 0.4%.
The stock market is down over 2% under Biden.
Meaning that The Fix is already in.
The Plunge Protection Team will be very busy.
You are correct.
Ukraine, no doubt.
He may be, but he’s such a unpopular figure he’ll have little following...............
Rush used to talk about that. The dims don’t want to mess with those pesky elections. They just want the power.
Filled in ballots are being printed in china as we speak.
Newsom would still win.
Actually Ukraine is his strongest issue, because it’s the one issue where a lot of “Republican” and “Independent” voters support him.
Elections to them are “bourgeois”, they have a “mandate from the masses”, don’cha know.
“Healthy” is not an adjective that could be applied to our present economy, which has perhaps the shakiest supply lines in history since the rise of mass transportation of goods and services.
The US is committed to reliance on powerful and perhaps hostile foreign nations for many of our sources of medicines, machine tools and computer technology; the commerce within this country is cursed with newly reapplied ordinances, regulations and taxation; and foreign entanglements in both the Pacific and Eastern Europe, as well as a third bonfire going in the Middle East threaten our ability to even defend our own country.
Annihilation may be near.
I’m wondering what crisis will be created in order for joetato to hide in his basement?
We are nothing without war. It is what keeps our economy and dollar going.
Healthy economy??
Whatever . . .
True that.
Hell, Detroit. No need to go all the way to China for those.
Chocolate ration raised to 25 grams!
Healthy economy all around. Big Brother Biden has your back. He’s not a meanie like Trump. Reelect him now.
/sarc
You forget what happened in AZ this past Nov.
I am still not convinced Biden even runs, especially with people near the Clintons dropping dead again.
Does one really need to campaign when the votes are already created and ready for the mail? It doesn’t matter who they run or who we run.
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