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Biden’s Odds in 2024 May Hang on a Recession Sooner Than Later (Misery Index At 9.03% Under Biden, Was 5.86% Under Trump Pre-Covid)
Confounded Interest ^ | 06/19/2023 | Anthony B. Sanders

Posted on 06/19/2023 6:01:24 AM PDT by Kaiser8408a

While I am miserable under Biden and Yellen’s “Reign of Error,” apparently much of the USA is miserable under Biden/Yellen as well compared to the pre-Covid days of Donald Trump. 9.03% misery index (unemployment rate+ core inflation) today compared to 5.86% at the end of 2019 under Trump (before we got Fauci’d and Weingarten’d (the National Teachers’ Union President who pushed public school shutdowns)).

(Bloomberg) If a recession is going to come in the next 12 months — and most economists surveyed by Bloomberg say it probably is — then President Joe Biden should hope it begins sooner rather than later.

The last three one-term presidents — Jimmy Carter, George H.W. Bush, and Donald Trump — have all had their reelection hopes felled by an economic downturn.

But the list of presidents who survived recessions on their watch is just as long. Richard Nixon, Ronald Reagan and George W. Bush all won reelection — in the first two cases by landslides.

The difference, for the most part, is timing.

Two-term presidents get recessions out of the way early. One-term presidents have bad economic news as voters are deciding.

That means a short recession that begins soon — offering the chance for a rebound by Election Day 2024 — might be the best-case scenario for Democrats.

A 65% Chance The typical modern recession lasts 10 months, so an early, short and shallow recession would give Biden time to regain his economic footing. A late, long and deep recession could put Biden among the list of one-term presidents whose time in the White House was cut short by an untimely slump.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: biden; misery; recession; yellen
Biden's misery index is almost twice as high as pre-Covid under Trump.
1 posted on 06/19/2023 6:01:24 AM PDT by Kaiser8408a
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To: Kaiser8408a

RFK Jr will be the candidate...and he will win the Presidency and take the House and Senate with him....sad to say...


2 posted on 06/19/2023 6:09:45 AM PDT by Sacajaweau ( )
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To: Sacajaweau
RFK Jr will be the candidate...and he will win the Presidency and take the House and Senate with him....sad to say...

You are on drugs.

3 posted on 06/19/2023 6:12:16 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Kaiser8408a

4 posted on 06/19/2023 6:14:19 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Sacajaweau

No, he won’t. He says a lot of things that make sense, therefore he has no chance with Democrats. But, I’d like to be wrong.


5 posted on 06/19/2023 6:23:59 AM PDT by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
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To: Kaiser8408a
"Biden's misery index is almost twice as high as pre-Covid under Trump."


6 posted on 06/19/2023 6:31:18 AM PDT by clearcarbon (Fraudulent elections have consequences.)
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To: Kaiser8408a

Yeah, misery index, right.
I think it might be more coherence issues. When he’s forced to use a walker and starts drooling that won’t be good optics. Perhaps a few more falls - it might only take one to end his Residency. In today’s America they could just go ahead and embalm him and prop him up. Then they could just dub in some John Fetterman sound bits. Who would know the difference? But then of course there’s always Gavin waiting in the wings.


7 posted on 06/19/2023 7:09:09 AM PDT by Lake Living
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To: Kaiser8408a

There are no odds. The elections are rigged at this point. Nothing has changed since Nov 3, 2020 as proven by 2022. Whoever runs on the Dems ticket will win the Presidential election. By 2028 elections will likely be suspended. Somebody will be President for life.

That is why the military is more than likely going to step in before the 2024 election.


8 posted on 06/19/2023 8:01:41 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Kaiser8408a

100% chance that Biteme won’t make it through the end of his term, whether or not his is reelected in Nov 2024. (To deny Trump, they’d make his corpse win.)

But he won’t be running, anyway.


9 posted on 06/19/2023 8:18:31 AM PDT by nicollo ("I said no!")
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To: Red Badger

Yeah I hear most of the shootings over the weekend in Chicago was done by women?.


10 posted on 06/19/2023 9:33:57 AM PDT by Vaduz (....)
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To: Kaiser8408a

The best word for what we have now is stagflation, the ugly combination of slow growth and rapidly rising prices. This is what the policy mix of trillions in federal spending, heavy regulation, the threat of higher taxes, and easy money has wrought.


11 posted on 06/19/2023 4:49:37 PM PDT by MinorityRepublican
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