Posted on 10/07/2024 5:50:00 PM PDT by E. Pluribus Unum
It’s hard to overstate just how good recent economic numbers have been.
On Friday, we learned that job growth is still solid while unemployment remains historically low. I think it’s safe to say that Donald Trump’s 2020 prediction that a Joe Biden presidency would mean a “depression” — a claim he’s now repeating by predicting a “great depression” if Kamala Harris wins — didn’t come true.
A week earlier we learned that inflation has continued to decline and is now more or less at the Federal Reserve’s target of 2 percent. This success has defied the view, held by many economists just a couple of years ago, that disinflation would require years of high unemployment.
So does this good news vindicate Bidenomics? I would say yes — but not quite the way you might imagine.
Before I get there, a word on the inevitable attempts by Trump and those around him to deny the reality of the good news. Some, like Senator Marco Rubio of Florida, are simply claiming that the numbers are “fake.” Aside from slandering some of the hard-working staff members at federal statistics agencies, such assertions ignore the fact that independent, private estimates also show strong job growth and low inflation.
The main response from MAGA world, however, seems to involve insisting, as Trump did in a recent interview on the Fox Business channel, that “the illegal migrants coming into the country are getting the jobs.”
(Excerpt) Read more at nytimes.com ...
All the lies, projection, Astroturf and gaslight you could possibly desire.
o, my sides...
Utter cowpie.
What is there to vindicate?
Biden and Harris have never described “Bidenomics”.
The only thing he did was waste trillions that blew the roof off inflation.
The Go Brandon Bugle
750k new government jobs - 500k private sector loss = 250k new jobs
Paul Krugman - ‘nuff said.
Paul Krugman? ‘nuff said!
dang! we think almost alike!
It doesn’t matter what national statistics say. Everyone goes to the grocery store where the prices just keep going up up up.
Sorry. let me format that better.
I was confident that Paul Klugman could pull it off. He's been a lying partisan his entire career.
Yep. Krugman has never been right about anything having to do with economics.
Really? Oh good. Whew. That means that the reality of my cost of living being no joke 80% more than it was in 2016-2020 is just a bad dream that I can’t wake from. Gas. Milk. Eggs. Meat. RENT...fk. You know...when prices go up the sales tax tab goes up along with it! The 16oz prime rib dinner at Texas Roadhouse USED to be $21. Last night it was $34. Rent WAS $445 in 2017. When I gtfo in 2024 it had just got bumped up to $850 and they wanted to add $300 a month if I didnt sign a year lease. Better economy my a$$.
No, what "we" learned is the US "government" is a herd of incompetent communists.
Progs believe they are are so wonderful that when in office the rivers will run deep, flowers will bloom and all farmers will have bumper crops.
Reality is they want to destroy 90% of farmers in the U.S. to take their land and sell it to fronts for China food capture.
Job "growth" is usually just part time jobs AND gets revised downward when no one is paying attention.
What "we learned" from the Trump presidency is that progs (communists hiding behind the name Democrats) are nasty vermin that crave controlling everyone else's lives and will do anything to make that happen, including murder.
.
Hey NYT- My food STILL costs twice what it did just a few years ago when Trump made America great again!
Krugman? LOL His name is a synonym for liar.
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