Posted on 10/29/2022 3:11:49 AM PDT by Kaiser8408a
I try to avoid listening to politicians, particularly Joe Biden. But his remarks in a speech that he inherited a train wreck from Republicans struck me as … wrong and grossly misleading.
First, Democrats had a majority in the House of Representatives, not Republicans.
Second, since 2020 was the outbreak of Covid-19 and subsequent economic shutdowns, I am going to look at things at January 2020 just prior to the economic shutdowns, mostly by state governors and city mayors.
Let’s start with unemployment. It was 3.5% under Trump in January 2020 BC (before Covid). It is now 3.5%. Advantage? Tie.
Inflation: 2.5% in January 2020 BC, today? 8.2%. Advantage? Trump.
Mortgage rate: 4.75% in January 2020 BC, today? 7.1% (Bankrate 30yr rate). Advantage? Trump.
Home price growth: 4.95% in January 2020 BC, today? 12.99% (Case-Shiller National HPI YoY). Advantage (for housing affordability)? Trump
Diesel fuel (the lifeline of the shipping industry): $2.947 in January 2020 BC. Today? $5.309. Advantage? Trump.
Regular gasoline: $2.477 in January 2020 BC. Today? $3.76. Advantage? Trump.
I could go on and on with heating fuel, food, electricity, rent, etc. But you get the picture.
And what Biden failed to mention is the enormous boost that both Trump and Biden received from The Federal Reserve in terms of monetary stimulus.
(Excerpt) Read more at confoundedinterest.net ...
The economy was a steam engine when Trump left office. Gas was $2 a gallon. It took less than a year for Biden to destroy it. He thinks we don’t remember.
P
No apology necessary. This is valuable in my opinion. I love having bullet point facts like these.
......... things at January 2020 just prior to the economic shutdowns, mostly by state governors and city mayors.
Let’s start with unemployment. It was 3.5% under Trump in January 2020 BC (before Covid). It is now 3.5%. Advantage? Tie.
Inflation: 2.5% in January 2020 BC, today? 8.2%. Advantage? Trump.
Mortgage rate: 4.75% in January 2020 BC, today? 7.1% (Bankrate 30yr rate). Advantage? Trump.
Home price growth: 4.95% in January 2020 BC, today? 12.99% (Case-Shiller National HPI YoY). Advantage (for housing affordability)? Trump
Diesel fuel (the lifeline of the shipping industry): $2.947 in January 2020 BC. Today? $5.309. Advantage? Trump.
Regular gasoline: $2.477 in January 2020 BC. Today? $3.76. Advantage? Trump.
I could go on and on with heating fuel, food, electricity, rent, etc. But you get the picture.
Trump had/has even bigger plans to make Americans more prosperous including bring back manufacturing and supply chains, appointing Judy Shelton to the Federal Reserve to bring the US Dollar back to the gold standard.
The only temptation to feel uncertainty about Trump is his lack of follow through on the proposed Vaccine Safety Commission described by RFK Jr. But RFK Jr., as well-intentioned as he is, doesn’t understand war strategy, he understands law which falls short of war and winning.
We understand Trump quite well in his study of wars and military generals. He knew the powerful pharma syndicate backed by psychopath Bill Gates III was a battle to be fought later.
🌞
Team Biden set to work immediately to kill the Sun. To the Dark Side the Sun has always been a bad penny, destined to reappear at the most inopportune times.
Always turns up, rises. It's a feature, not a bug. Even right on schedule, but the folks determined to perpetuate evil are so focused on causing trouble that they never catch on.
Ironic.
The voters know this President is lying. The Republicans point that out.
Massachusetts unemployment rate:
January 2020: 2.8%
July 2020: 11.8%
Democrat policy seems to be to put America in irons and pour on gasoline and light a match. So, just where are their loyalties? Trump took the irons off. He at least worked in our interests.
mortgages 2.8 december 2020
“Let’s start with unemployment. It was 3.5% under Trump in January 2020 BC (before Covid). It is now 3.5%. Advantage? Tie.”
3.5% eh...... based on what currently? This figure is so wrong on so many levels. If it’s indeed 3.5% then why is practically every business hanging a help wanted sign out front? Someone is massaging numbers.
Trump..... Advantage.
.
- I REMEMBER -
Lowest unemployment IN THE HISTORY OF THE NATION.
(At least since it's been kept track of.)
Supposedly / Possibly / Apparently.
Just a 'Minor' accomplishment - Right?
Yeah, the unemployment metric doesn’t take into consideration those who have fallen so deep into depression, they don’t look for jobs. Mike Rowe pointed that there are 11 million that fall in that category. I doin’t know how he arrived at that number though.
That should be put up on billboards from sea to shining sea.
It’s merely pointing out the obvious *history*.
Kind of like, “Believe the works.”
.
Trump's average unemployment rate is the lowest in recorded history
If If any republicans are to blame, It was the ones stabbing Donald trump in the back......
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