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Re: conix post# 496790

Sunday, 10/13/2024 8:30:40 PM

Sunday, October 13, 2024 8:30:40 PM

Post# of 576021
conix - Same page would be only good for America. See

B402, Bidenomics Is Still Working Very Well .. Trickle down as you know is the Republican thing, and that since Reagan's time has not served many in American nearly as well as it has served the more wealthy. Trickle down has not served much of the people world well, perhaps would be better said. Still poverty worldwide has declined. And, still, speaking of economies, as i was, as economies go it is accepted worldwide that Bidenomics has served the world well. Also, see the red below it has served American workers relatively well.

"Trickle Down economics?..... Middle and working class waiting for dem economics."

Related: Based on Incomes, Americans Are a Lot Better Off Under Biden Than Under Trump
Despite a spurt of high inflation that has dramatically receded, Joltin’ Joe’s economy
is far more robust than that of his oft-indicted predecessor.

by Robert J. Shapiro February 12, 2024
[...]
That brings us to 2023, when the official data showed that Americans’ per capita incomes, after inflation, jumped 4.2 percent. The special transfer payments continued to fall substantially below those before the pandemic, and federal unemployment payments edged to $22 billion, the lowest level since 1969, adjusted for inflation. With transfer payments and jobless benefits no longer distorting incomes, the official report accurately reflects what happened to Americans’ real disposable incomes based on the economy.
P - It’s hard to overstate the extraordinary growth of incomes during the Biden Boom of 2023. No president since Richard Nixon has presided over average annual income gains as significant as the 4.2-percent increase in 2023 under Biden.
https://washingtonmonthly.com/2024/02/12/based-on-incomes-americans-are-a-lot-better-off-under-biden-than-they-were-with-trump/
[...]
Saying this leads, of course, to pushback from Republicans who’ve claimed ad nauseam that Biden’s “socialist” policies would be a disaster — and as I recently wrote .. https://www.nytimes.com/2024/02/20/opinion/economy-putin-tucker-carlson.html , for such people believing is seeing, so they continue to insist that the economy is terrible even when by all objective measures, it’s doing pretty well. You also get some pushback from people on the left, who apparently believe that a progressive president shouldn’t be allowed to tout policy successes until he has completely eliminated poverty and insecurity — that is, never.

The fact, however, is that Biden has put in place a very ambitious agenda —
major enhancements of Obamacare ..
https://www.healthinsurance.org/obamacare/beware-obamacares-subsidy-cliff/ ,
student debt relief ..
https://www.nytimes.com/2024/02/21/us/politics/biden-student-loan-forgiveness-debt.html ,
big infrastructure spending ..
https://www.nytimes.com/2023/01/10/business/economy/infrastructure-jobs.html ,
large-scale promotion of semiconductors ..
https://www.nytimes.com/2023/02/27/us/politics/chips-act-biden-commerce-department.html ..
and green energy ..
https://www.npr.org/2023/08/16/1194115237/biden-to-commemorate-1-year-since-he-signed-the-inflation-reduction-act ..
that have led to a surge in manufacturing investment ..
https://fred.stlouisfed.org/series/TLMFGCONS .
Many voices warned that he was overreaching, that the economy would pay a big price.

But it hasn’t. It turns out that we can, in fact, afford to do a lot to improve Americans’ lives and invest in the future.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175221066

conix, You are not behaving anything like a friend of America would behave.

It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”

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