Posted on 01/29/2024 6:14:10 PM PST by ChicagoConservative27
President Biden’s reelection campaign thanked former President Trump on Monday for “lifting up” strong news on the economy after Trump claimed credit for the record-high stock market.
Ammar Moussa, spokesperson for Biden’s campaign, criticized Trump’s comments from earlier Monday and reminded him that Biden is in the White House, in a statement first shared with The Hill.
“Thank you Donald for lifting up today’s strong economic news, but on this planet, Joe Biden is the president, and is the one whose policies are helping achieve historic GDP growth, a stronger than ever stock market, and real job creation after Trump tanked our economy,” Moussa said.
(Excerpt) Read more at thehill.com ...
Bidenvilles are popping up all over America.
The market does not directly reflect the health of the U.S. economy. For a more accurate assessment of the economy, from the point of view of the average American, inflation, personal income and taxes, are much more relevant.
Winter is coming. In this case a Recession is inevitable because the money printing presses have been trimmed back.
https://mises.org/wire/money-supply-continues-its-biggest-collapse-great-depression
The Truth…
“while Q4 GDP rose by $329 billion to $27.939 trillion, a respectable if made up number, what is much more disturbing is that over the same time period, the US budget deficit rose by more than 50%, or $510 billion. And the cherry on top: the increase in public US debt in the same three month period was a stunning $834 billion, or 154% more than the increase in GDP. In other words, it now takes $1.55 in budget deficit to generate $1 of growth... and it takes over $2.50 in new debt to generate $1 of GDP growth!”
And it should also be mentioned that, even if the GDP numbers could be counted on to be accurate, we have, by some estimates, 18 million new, non-citizens living here that weren’t here 3 years ago. Do the per-capita GDP numbers reflect that increase? I suspect not.
I am not who trumpeted the stock market :-)
“Sitting president” perhaps that’s their next “claim” to disqualify Trump, he was the sitting POTUS all along in their eyes. All the other attempts haven’t worked, perhaps they’ll try that one.
>>”I am not who trumpeted the stock market :-)”
No, but you were the one who regurgitated Biden’s propaganda. The stock market can be a leading indicator based on future expectations. Under those circumstances, its rise could very well be attributed to investor confidence that things will improve next year as Trump’s re-election prospects look better every day, rather than a vote of confidence on the current economy. That was always the context of Trump’s comment.
BTW, the stock market can also be a lagging indicator of economic problems as previous stock market crashes have demonstrated.
Yes. But he put a sunset provision on them. Get ready for the biggest tax increase in history thanks to president trump. It will be ugly and yes he will be rightfully blamed. He didn’t see the long game.
Didn’t Clinton at least suggest that the good times Americans had been enjoying were the result of his administration’s policies? Back then, It wasn’t as obvious as JoeBiden’s recent “suggestion” but it does illustrate how much more unrealistic their expectations are now that the American people should, and for no good reason, believe anything they say.
The stock market is a leading indicator. It is predicting a Trump victory in November. The Biden is too stupid to realize that.
Dont forget the record high consumer debt…. Rising bankruptcies and millions and millions of empty office spaces. Its all good man.
Another item Ammar Moussa is unaware of doesn’t delve into facts just propaganda.
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