Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Another win for the Biden Administration
https://signalpress.blogspot.com/2022/05/another-win-for-biden-administration.htmlhttps://www.bloomberg.com/news/articles/2022-05-20/us-growth-seen-outpacing-china-s-for-first-time-since-1976
There are several posts about this scattered around DU. It's been a pretty good week overall.
In spite of the fact that the Chinese government is subsidizing and attempting to stimulate the economy with various measures, the United States will see greater economic growth this year, for the first time since 1976. Coming during a mid-term election year, and remembering James Carville's election predicting advice, "It's the economy, stupid," this is good news. I know that policy and economic news doesn't always overcome the sensationalism of social issues and the repetitive loop of cable news themes pounded over and over, but there are people who pay attention to this.
Anyone who is paying attention will take note of the fact that this negates all of Trump's bombast about economic progress "never seen before in history." Well, he was a liar and his facts were skewed, but the economy under Biden has passed his benchmarks in both economic growth and job growth, with unemployment also being lower than we've seen it in five decades, including at any time under the failed former President 45.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
9 replies, 3054 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (49)
ReplyReply to this post
9 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Another win for the Biden Administration (Original Post)
lees1975
May 2022
OP
Chainfire
(17,536 posts)1. None of that will matter if gasoline is $6.00 a gallon at election time.
There is more than one way to rig an election.
lees1975
(3,850 posts)2. And there are ways that gas prices can be brought down
even if Trump's DOC spokesperson said "The president has very little to do with gas prices," back in 20I8, when there was a spike.
mahina
(17,649 posts)3. I'm glad our economy is recovering AND can not celebrate China's terrible situation.
usonian
(9,788 posts)4. But if I really say it, the radio won't play it. nt
FailureToCommunicate
(14,013 posts)5. +1
A good line from one of their kinda cringy songs.
(I was never a big fan other than liking California Dreaming)
usonian
(9,788 posts)6. I got the feeling the song was a self-spoof. nt
FailureToCommunicate
(14,013 posts)7. Yes. That makes sense.
u
Mr.Bill
(24,284 posts)8. Unless I lay it between the lines.
RussBLib
(9,008 posts)9. ... and Q1 GDP was negative, so...
US needs some GDP growth in Q2 or all the analysts will fret "recession!"