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FACT: stocks/economy do BETTER when DEMS in WH!

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Captain
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Posted: #151

This clip from an article was published in Feb of 2021 by Jeff Stein who is an White House economic reporter...

 

America’s federal debt is set to exceed the size of the entire U.S. economy this year for only the second time since the end of World War II, a reflection of the extraordinary emergency measures approved by Congress in response to the coronavirus pandemic, the nonpartisan Congressional Budget Office said Thursday.

 

The remarkable surge in federal borrowing is due largely to the more than $4 trillion in spending approved by the federal government to fight the pandemic since March. As a result, the federal government’s debt burden will in 2021 be larger than the size of the total U.S. gross domestic product, a measure of all the goods and services in the economy, according to the CBO. 2020 was the first time this had occurred since 1946, when the country was fresh out of World War II.

 

 

Fubah, you spew these articles that lack major context. You are a fool to the propaganda that you seem to read daily.

 
Legend
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Posted: #152

Quote Originally Posted by thirdperson:

According to Fox business, US manufacturing is strongest since 1983, implying iimproved demand as economy recovers from pandemic. Institute for supply management reports March measures of new orders, production and hiring jumped. More companies report optimistic outlooks about future business conditions.

 

More good news under the Biden administration! 

 
Legend
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Posted: #153

Quote Originally Posted by fubah2:

Americans' incomes zoomed higher
at record speed in March

New York (CNN Business)The economic recovery is underway and while
there's still plenty of work to be done, new data on Americans' incomes
shows the government's spending efforts are bearing fruit.

continued . . .

American wallets got a big cash injection in March as personal incomes rose 21.1%,
or $4.2 trillion, marking the largest monthly increase on record, the Bureau of
Economic Analysis reported Friday.

It was also more than economists had predicted.
Disposable income rose 23.6%, or just below $4.2 trillion, which is also a record.

 

 
Captain
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Posted: #154

OVER LEVERAGED WITH BORROWED MONEY. 

 

show where Americans were given pay increases and not borrowed money from the govt.

 
MVP
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Posts: 16734
Posted: #155

Quote Originally Posted by fubah2:

 

Quote Originally Posted by fubah2:

 

Americans' incomes zoomed higher
at record speed in March

New York (CNN Business)The economic recovery is underway and while
there's still plenty of work to be done, new data on Americans' incomes
shows the government's spending efforts are bearing fruit.

 

 

continued . . .

American wallets got a big cash injection in March as personal incomes rose 21.1%,
or $4.2 trillion, marking the largest monthly increase on record, the Bureau of
Economic Analysis reported Friday.

It was also more than economists had predicted.
Disposable income rose 23.6%, or just below $4.2 trillion, which is also a record.

if rump hadnt caused the huge crush in the jobs market we would b recovering even faster

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
Captain
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Posts: 5069
Posted: #156

@KellyM_1964

 Trump didn't want to shut the entire US economy down you numbnut your democrats did! 

 

You blame Trump for your own parties faults and then try to take credit.

 

Typical Dem, you pass blame on the wrong person because you don't want to take the responsibility.

 
Legend
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Joined: Aug, 2012
Posts: 52950
Posted: #157

Quote Originally Posted by fubah2:

Americans' incomes zoomed higher
at record speed in March

New York (CNN Business)The economic recovery is underway and while
there's still plenty of work to be done, new data on Americans' incomes
shows the government's spending efforts are bearing fruit.

 

continued . . .

American wallets got a big cash injection in March as personal incomes rose 21.1%,
or $4.2 trillion, marking the largest monthly increase on record, the Bureau of
Economic Analysis reported Friday.

It was also more than economists had predicted.
Disposable income rose 23.6%, or just below $4.2 trillion, which is also a record.

 

continued . . .

Consumer sentiment is also improving. The University of Michigan's survey results
released Friday showed that consumers' overall sentiment, perception of current
economic conditions and expectations for the future all improved in April.
This was "due to a growing sense that the upward momentum in jobs and incomes
will persist," said Richard Curtin, chief economist of the survey of consumers.

 
MVP
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Posts: 16734
Posted: #158

official stats say 6.4% growth in first quarter and economists predict that under president joe biden it is most likely this number will improve in next 2 quarters at least

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
Legend
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Posts: 52950
Posted: #159

Quote Originally Posted by KellyM_1964:

official stats say 6.4% growth in first quarter and economists predict that under president joe biden it is most likely this number will improve in next 2 quarters at least

U.S. Recovery Gains Steam
as Spending Fuels 6.4% GDP Growth

BLOOMBERG
U.S. economic growth accelerated in the first quarter as a rush of consumer spending
helped bring total output to the cusp of its pre-pandemic level, foreshadowing further
impressive gains in coming months.

Rising vaccinations, faster job growth and two rounds of federal stimulus payments
combined to supercharge household spending. As government restrictions on activity
are widely lifted, consumer demand is seen broadening and driving outlays for
long-downtrodden services such as travel and leisure.

A host of high-frequency data, already confirms a rapidly improving economy
that has helped drive stock prices to fresh highs.

 

* Joe Biden!  an_cheers

 
MVP
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Posts: 16734
Posted: #160

dow hitting a new record high in early trading moneybag

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
Legend
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Posts: 52950
Posted: #161

Quote Originally Posted by KellyM_1964:

dow hitting a new record high in early trading

Yeah, it closed at $34,548 - another new record under the Biden administration (even though Biden shouldn't get too much credit for this)

Up 12.88% in only 4 months!! moneyeyes  moneybag

 

This means the rich are getting even richer!.........soooooooo taxing them more - to pay for an unprecedneted but badly needed and long-overdue Infrastructure Plan that will create millions of jobs - is fine by me.

 
Legend
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Posts: 52950
Posted: #162

Quote Originally Posted by fubah2:

Up 12.88% in only 4 months!! moneyeyes  moneybag

 

This means the rich are getting even richer!.........soooooooo taxing them more - to pay for an unprecedneted but badly needed and long-overdue Infrastructure Plan that will create millions of jobs - is fine by me.

DOW continues it's blistering pace since Biden won the election and is up again in the early trading!

A brief correction is coming.   Timing is everything.

 
Legend
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Joined: Aug, 2012
Posts: 52950
Posted: #163

Quote Originally Posted by fubah2:

Quote Originally Posted by fubah2: Up 12.88% in only 4 months!!     This means the rich are getting even richer!.........soooooooo taxing them more - to pay for an unprecedneted but badly needed and long-overdue Infrastructure Plan that will create millions of jobs - is fine by me. DOW continues it's blistering pace since Biden won the election and is up again in the early trading! A brief correction is coming.   Timing is everything.

 

S&P 500 also up over 12% this year!

 
MVP
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Posts: 16734
Posted: #164

Quote Originally Posted by fubah2:

DOW continues it's blistering pace since Biden won the election and is up again in the early trading! A brief correction is coming.   Timing is everything.

 

34,777   new record high   thumbs_up  president biden 

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
Hall of Fame
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Posts: 21593
Posted: #165

I don't find you old or worn out Fubah2. 

Your threads are very informative....

 
MVP
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Posts: 16734
Posted: #166

Quote Originally Posted by fubah2:

 

U.S. Recovery Gains Steam
as Spending Fuels 6.4% GDP Growth

BLOOMBERG
U.S. economic growth accelerated in the first quarter as a rush of consumer spending
helped bring total output to the cusp of its pre-pandemic level, foreshadowing further
impressive gains in coming months.

Rising vaccinations, faster job growth and two rounds of federal stimulus payments
combined to supercharge household spending. As government restrictions on activity
are widely lifted, consumer demand is seen broadening and driving outlays for
long-downtrodden services such as travel and leisure.

A host of high-frequency data, already confirms a rapidly improving economy
that has helped drive stock prices to fresh highs.

 

* Joe Biden!  an_cheers

 

 

forecast is for continued trend provided covid does not resurge again

otherwise its likely we hit 6.4% growth in this quarter too

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
MVP
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Posts: 16734
Posted: #167

Quote Originally Posted by fubah2:

 

Consumer sentiment is also improving.

The University of Michigan's survey results
released Friday showed that consumers' overall sentiment, perception of current
economic conditions and expectations for the future all improved in April.
This was "due to a growing sense that the upward momentum in jobs and incomes
will persist," said Richard Curtin, chief economist of the survey of consumers.

 

definitely helping to boost the economy

things just look brighter and better now that the country has escaped the darkness of the past 4 yrs

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
Legend
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Posts: 52950
Posted: #168

Quote Originally Posted by KellyM_1964:

Quote Originally Posted by fubah2:   Consumer sentiment is also improving. The University of Michigan's survey results released Friday showed that consumers' overall sentiment, perception of current economic conditions and expectations for the future all improved in April. This was "due to a growing sense that the upward momentum in jobs and incomes will persist," said Richard Curtin, chief economist of the survey of consumers.   definitely helping to boost the economy things just look brighter and better now that the country has escaped the darkness of the past 4 yrs

 

Big rebound for DOW the past 2 days........... as expected.

 
MVP
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Posts: 16734
Posted: #169

Quote Originally Posted by fubah2:

Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2:   Consumer sentiment is also improving. The University of Michigan's survey results released Friday showed that consumers' overall sentiment, perception of current economic conditions and expectations for the future all improved in April. This was "due to a growing sense that the upward momentum in jobs and incomes will persist," said Richard Curtin, chief economist of the survey of consumers.   definitely helping to boost the economy things just look brighter and better now that the country has escaped the darkness of the past 4 yrs  

Big rebound for DOW the past 2 days........... as expected.

volatility                i see that trend continuing again this coming week

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
MVP
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Posts: 16734
Posted: #170

Quote Originally Posted by nature1970:

I don't find you old or worn out Fubah2.  Your threads are very informative....

so r yours

mostly

same cannot b said of almost every other member here except midnight1

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
MVP
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Posts: 16734
Posted: #171

stocks will go up again this week

"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
 
Legend
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Joined: Aug, 2012
Posts: 52950
Posted: #172


The economy added 559,000 jobs last month, double April's disappointing 266,000,
and the unemployment rate ticked down to 5.8 percent from 6.1 percent,
according to data released Friday by the Bureau of Labor Statistics.

 
Banned
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Posts: 27139
Posted: #173

Quote Originally Posted by fubah2:

American wallets got a big cash injection in March as personal incomes rose 21.1%, or $4.2 trillion, marking the largest monthly increase on record, the Bureau of Economic Analysis reported Friday. It was also more than economists had predicted. Disposable income rose 23.6%, or just below $4.2 trillion, which is also a record.

Do you have a link showing that personal incomes rose 21.1% in March and that disposable income rose 23.6%? 

 
Banned
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Posted: #174

Quote Originally Posted by fubah2:

The economy added 559,000 jobs last month, double April's disappointing 266,000, and the unemployment rate ticked down to 5.8 percent from 6.1 percent, according to data released Friday by the Bureau of Labor Statistics.

559,000 jobs last month was well below the 671,000 estimate 

The job miss comes as employers cite a labor shortage due to moronic unemployment benefits and policies of the Biden administration 

 
 
Banned
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Posted: #175

Personal income and disposable income went up because of stimulus money 

Lmaooooo 

“This shows the economy is recovering” —> liberal logic 

 

an_roll_laugh

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