DOW and S&P 500 currently at all time highs

[Johnny2X2X]

Now I'm not saying the President controls the markets like a puppeteer, but people sure were blaming Biden when we had a slight pull back the last several weeks. DOW is at 35,620, highest it's ever been. S&P 500 at 4540, highest it's ever been. NASDAQ is within 1% of its all time record.

Here's the thing, they're painting Biden's great economic numbers as bad. Growth will be 6% + this year, best year in decades, and they're writing articles about how it falling to 4% in 2022 will be a disaster. 4%, nearly double Trump's best year, and they're going to slam Biden for it.

Biden is being graded on a totally different scale for some reason. He was handed a disaster and the economy is booming now, full stop.

Donald Trump was a total and complete economic disaster for the US, he had the worst jobs record since Herbert Hoover and left the economy with the worst year for growth since 1947. Don't let them pretend Joe isn't crushing it on the economy, don't let them hold him to a different standard. Compare the numbers to the numbers, Biden is blowing Trump's economic numbers away!

[empedocles]

1. Good post. Important for Joe in these coming weeks, especially if new highs become

more decisive.

Should percolate through the various media as Biden upbeats.

[Johnny2X2X]

2. There's some inflation because of supply chain problems due to Covid

Joe is doing what he can to combat inflation, and the supply chain problems are Covid related.

But this isn't runaway inflation by any stretch. 5% for a year is not great, but not a big deal if it falls to 3% next year and back to the target of 2% after that.

Any other President would be hailed as a savior for the economic numbers he's posted thus far. Trump would be throwing himself parades for 6% growth. The jobs numbers are great too and the UE rate is already below 5% after Trump ballooned it to 10%+.

When Trump was posting a meager 2% growth and jobs were growing at a slower pace than now, they were calling it "the greatest economy in history." Can you imagine if he had 6% growth for a year and dropped the UE rate from 7% to 4.8% in 9 months? The GOP would be crowning him the King of the US for all time.

[sinkingfeeling]

3. Then why isn't Biden blowing up Twitter, proclaiming he has the best-est ever in the history of the

world?

[Johnny2X2X]

4. He needs to do a better job of bragging

And his surrogates do too.

I think he's laser focused on getting stuff done for the American people right now though.