Obamanomics.)
Yep.
All according to plan.
Posted on 02/11/2024 2:32:19 PM PST by Kaiser8408a
As Commander Cody sang, “We have too much debt.”
“The prices of some things will decline. Others will go up. But we don’t expect to see a decline in the overall price level,” said Federal Reserve Chair Jerome Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln.
“That doesn’t tend to happen in economies, except in very negative circumstances. What you will see, though, is inflation coming down,” explained the Fed Chairman, the average American neither understanding nor caring about the nuance.
“I would say this. In the long run, the US federal government is on an unsustainable fiscal path,” said Powell, pointing out one of the most important top-down investment themes of the coming decade.
“And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at all controversial. And I think we know that we have to get back on a sustainable fiscal path. And I think you’re starting to hear now from people in the elected branches who can make that happen,” he added, without naming names, because there really aren’t any.
Under Brainless Joe and Dr. Janet Yellen, the US economy has experienced real GDP growth YoY only once (Q1 2021). Otherwise, debt growth YoY has always exceeded real GDP growth under Biden.
I admit I am rooting for the SF 49ers over the Kansas City Swifties. At least we won’t have to listen to Brainless Biden ramble on during the Super Bowl, unless they issue a pre-recorded propaganda piece for half time similar to the John Gill character from Star Trek.
Blank stares matter should be Biden’s new campaign slogan!
(Excerpt) Read more at confoundedinterest.net ...
Bidenomics is the exact inverse of Reaganomics.
More Taxes
More Regulation
More Government Spending
we need to stop trying to fix this until Pedo Joe is defeated.
If we fix it, Pedo will claim credit like Bill Clinton did when Newt Gingrich and the Republicans fixed his mess.
There has been no real growth; a continuous decline in real output since around mid 2021. Negative savings rate and a 400 billion decline (and counting) in forecast income tax revenue are but two indicators. Full-time jobs dropped by 1.5 million in December and any and all new jobs are in the unproductive/counterproductive public sector.
Brainless Joe
Blank Stares Matter (BSM).
Hahaha
Reaganomics was more government spending and tax cuts; thus massive deficits. Not much has changed except the tax cuts and regulations these days.
Yeah, many of of us have known this for years. The Fed and the governmental agencies are knocking heads and it is all based upon false information. The BLS economic reporting is lies and the Feds have been acting off that false information. Meanwhile, they are printing more money in order to relieve the pain of their favorite voters so inflation continues. It is a deadly economic cycle.
All intentional to bankrupt America.
Obamanomics.
Blank States Matter
Now we need an image to FJB to go along with that.
“Reaganomics was more government spending and tax cuts; thus massive deficits”
Regan cut taxes, and Total Federal Revenues doubled. The tax cuts more than paid for themselves, as they always do. Tax cuts work.
Problem was he got screwed by dems, who reneged on the budget. Like they always do. They saw the new revenue pouring in, so spent it and even more.
Like they always do.
Revenue doens’t matter unless there is cuts. Ya can’t outgrow .gov spending, no matter how much you cut taxes. That has always been the dynamic, various spending bros will not cut government spending and still brag about revenue.
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