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Author Topic: Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills  (Read 1976 times)

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Offline rangerrebew

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Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills
« on: April 26, 2024, 09:52:22 am »
Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills
Opinion by Post Editorial Board • 15h •


Literally the day after President Biden bragged, “We’re following my blue collar blueprint to rebuild America, and guess what? It’s working!” Bidenomics struck with a vengeance Thursday: The economy grew at just a 1.6% annualized rate in the first quarter, a third less than the consensus forecast.
 
And while growth is slowing (from 4.9% in last year’s third quarter, to 3.4% in the fourth, and now 1.6%), inflation is heating back up.

A key gauge of price hikes, the personal consumption expenditures (PCE) price index, excluding food and energy, surged at a 3.7% rate in the first quarter.

And that suggests interest rates will stay sky-high, since the Federal Reserve wants PCE closer to 2% before it starts easing up.

Even before Thursday, real median wages (that is, inflation-adjusted) began dropping again (as they have for most of the Biden presidency), while most of the new jobs being created are part-time positions — and many of the rest are government jobs.

https://www.msn.com/en-us/money/markets/growth-slowing-inflation-rebounding-fresh-bitter-bidenomics-pills/ar-AA1nFRjf?ocid=msedgdhp&pc=HCTS&cvid=699c6be855684e03ae39c2c30c274e8f&ei=40
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Offline Bigun

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Re: Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills
« Reply #1 on: April 26, 2024, 10:08:46 am »
Fact: There never was very much REAL growth under this administration.

Fact: Inflation never slowed down one bit so it is not "rebounding".
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Offline LMAO

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Re: Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills
« Reply #2 on: April 26, 2024, 10:38:01 am »
We haven’t had real growth for almost 20 years

We absolutely are in desperate need of a Javier Milei
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Offline DefiantMassRINO

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Re: Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills
« Reply #3 on: April 26, 2024, 11:41:56 am »
The Government needs to embrace supply economics and competitive free market capitalism to grow GDP and fight inflation.

The Biden Admin is stacked with anti-capitalists.  They will continue to overregulate, and enforce reduced productivity and stunted efficiency gains as official Federal economic policy.

Their policies will increase costs, constrain GDP, stifle productivity, maim efficiency gains, increase taxes, increase costs of servicing US Debt, increase the cost of borrowing (interest rates), and decrease the value of the dollar relative to other currencies and precious metals (import inflation).
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Offline DB

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Re: Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills
« Reply #4 on: April 26, 2024, 11:48:40 am »
They'll fix it. Just raise the minimum wage another $20...
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Offline LMAO

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Re: Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills
« Reply #5 on: April 26, 2024, 02:29:52 pm »
Quote from: DB on April 26, 2024, 11:48:40 am
They'll fix it. Just raise the minimum wage another $20...

I think it was Elizabeth Warren or one of those types that suggested that as a way to fight inflation
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I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

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