MORON Dem Rep Says Fellow Party Members Aren’t Patting Biden On The Back Enough For ‘Turning Around’ Economy

Kathy in FL

Administrator
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Dem Rep Says Fellow Party Members Aren’t Patting Biden On The Back Enough For ‘Turning Around’ Economy

Democratic Rep. Debbie Dingell of Michigan claimed Thursday that members of her party weren’t giving President Joe Biden enough credit for “turning around” the U.S. economy.

Even though inflation was only 3.1% in December, prices have risen 17.2% since Biden took office in January 2021, and voters in the New Hampshire primary cited high food and gas prices as a major concern. Dingell chided Democrats in her state for taking credit for funds that Biden “made sure came here.”

“I think it’s incumbent upon all of us, that we are not doing a good enough job of ourselves giving credit to the president. I, in my own state, which is a Democratic state with a governor, who is one of my best friends, watch too many people take credit for money that came into this state that Joe Biden made sure came here,” Dingell told “Meet The Press Now” host Kristen Welker.

WATCH: embedded video

“I tell this to all my colleagues, I tell this to my state legislators, I tell it to my mirrors, you need to give credit to where this money came from and they know it now,” Dingell continued. “Our state legislators aren’t going to get reelected if he doesn’t do well. So I think we all have to be all in and tell the story of how these investments he’s talking about today, how the economy is turning around after he took over this country during the COVID at a terrible time, and it’s incumbent on all of us to tell the story.”

Biden announced over $5 billion in new infrastructure projects during a Thursday speech in Wisconsin, where he touted the success of the bipartisan infrastructure law passed under his administration, according to UPI. Biden embraced the term “Bidenomics,” coined by the Wall Street Journal to describe his economic policies, during a June 2023 speech in Chicago.

Despite claiming the economy was strong and touting his economic record, Biden currently has a 37% approval rating on the economy compared to a 58.6% disapproval rate, according to the RealClearPolitics average of polls between Nov. 29 and Jan. 23.

Only 34% of Americans said they were better off than they were four years ago in an I&I/TIPP poll released Jan. 4, while 58% said they were worse off.
 

tanstaafl

Has No Life - Lives on TB
A recent Dow close above 38,000 was an all-time high record close. Expect the Biden shills to make a big deal leading up to the election about how much the stock markets have gone up under Biden's administration. However, if you accept that there has been an overall 20% inflation (and that may be understating it) since President Befuddled took office, by my math that's actually only a 706.70 point rise from the Dow close (30,930.52) the day before he took office. Which in my opinion is nothing to write home about. Here's my math: 30,930.52 with 20% inflation (or multiplied by 1.20) is 37,116.62 and 38,000 - 37,116.62 = 883.38 points, which in turn has to be reduced by the 20% inflation number (or multiplied by 0.80) making it only 706.70 points. (Please correct me if I did that wrong.) So if you hear anyone boasting about how much the stock markets have gained during Biden's term in office, tell them to do the math themselves and STFU!
 

Dobbin

Faithful Steed
A recent Dow close above 38,000 was an all-time high record close. Expect the Biden shills to make a big deal leading up to the election about how much the stock markets have gone up under Biden's administration. However, if you accept that there has been an overall 20% inflation (and that may be understating it) since President Befuddled took office, by my math that's actually only a 706.70 point rise from the Dow close (30,930.52) the day before he took office. Which in my opinion is nothing to write home about. Here's my math: 30,930.52 with 20% inflation (or multiplied by 1.20) is 37,116.62 and 38,000 - 37,116.62 = 883.38 points, which in turn has to be reduced by the 20% inflation number (or multiplied by 0.80) making it only 706.70 points. (Please correct me if I did that wrong.) So if you hear anyone boasting about how much the stock markets have gained during Biden's term in office, tell them to do the math themselves and STFU!
Owner is a "gold bug." He understands the traditional attraction of physical gold. It is from him I heard the "Fine suit of clothes, a good meal, a good cigar" valuation.

BUT - gold is limiting. 10 years from now your suit, meal, cigar will be intact - but you'll have an "opportunity" that will have been bypassed.

The attraction of the stock market is that you CAN make better than inflation - that is the point and the stock market attraction and why gold is not the ultimate investment.

BUT - we show our own economic soiled tail in the description above: the US economy is simply not the investment it COULD be. If the stock market doesn't exceed inflation then that is a sign the country is growing weaker financially.

They need to either A.) Slow or stop the creation of new money and (hopefully) the decline in monetary value. OR B.) Get out of the marketplace to allow the economy opportunity to expand and give more value to the money that is out there. The best solution probably involves both.

You can be sure the Biden Regime will do neither - it doesn't fit in their "Chinese Owned" descriptive, or their apparent desire to "Drive old Dixie down", along with the rest of you.

But continuing to finance the largesse/war/grift by simply printing more money (and hope the Chinese continue to buy it up) only sends our currency AND its means of production to China control.

The best recent discussion of the interface between geopolitics and the economy I heard yesterday on Bannon War Room. James Rickards was the guest (RT 31+ minutes) and he discusses MANY items of interest to those here, about half on the economy and the current "Fail" of China. Link at James Rickards Explains Why Pollsters Have It Wrong For 2024

My take-away. China IS buying the US Debt, it is why Inflation is not into "wheelbarrow stage" yet - but it wants the dollars to re-invest into the US and control US Assets.

I checked out Rickards web-site. On Bannon he advertises his "newsletter" as free. But alas it is not - the newsletter is $49 for one year subscription and you get his latest book FREE - sort of.

Dobbin
 
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Griz3752

Retired, practising Curmudgeon
Patting his back should include a solid shove between the shoulder blades as he's leaning into the feezer for another pudding pop . . . . . .
 

tanstaafl

Has No Life - Lives on TB
One thing I don't get is seeing so many recent news references to the "soft landing" we're now having. According to pretty much all the shills and government twats for lo these many months and years, we haven't been in an actual recession, so how can we be undergoing a soft landing right now? Morons ...
 

Sacajawea

Has No Life - Lives on TB
The stock market is NOT the economy and it doesn't measure economic "prosperity" either. Until you sell a stock (hopefully at a profit) you don't "own" a damn thing. Net worth is similarly a charade - as most of your "worth" is just on paper, subject to fluctuations/crashes in the market if you only invested and don't actually OWN anything else that can increase in value.
 

tanstaafl

Has No Life - Lives on TB
The stock market is NOT the economy and it doesn't measure economic "prosperity" either. Until you sell a stock (hopefully at a profit) you don't "own" a damn thing. Net worth is similarly a charade - as most of your "worth" is just on paper, subject to fluctuations/crashes in the market if you only invested and don't actually OWN anything else that can increase in value.

True, but that's not how the media and politicians spin it. Unless you live in a different world than I do.
 

Jeep

Veteran Member
Delusional isn't she. I guess in her world of fantasy, she thinks potato -joe is doing a good job.
 

Sammy55

Veteran Member
I wonder just how far up his a** her lips are trying to reach (kiss)?? And also what she thinks it might get her, other than a POS?? She's a dingleberry after dingleberries.
 

Delta

Has No Life - Lives on TB
My opinion: pat him on the back and he'll keep digging the hole that he'll fall into. Criticism him and maybe he'll wise up and do better. (yeah, right! ha ha!I do not trust politicians. I'll never forget Johnson pretending he'd keep us out of Vietnam.)
 

Dobbin

Faithful Steed
And inflation will continue to eat into the earnings of the middle class - and "over-adjust" for what will appear to be bottom line gains in Jim's "Stock Market Miracle."

"Stock market new high 8 percent over last year's high" - (Inflation new high 12 percent over last year's high.)

Just Jim being Jim - it's what he does being the "Mouthpiece" for Wall Street.

You'll do better investing in that high end suit, a good meal, and a fine cigar. (i.e. commodities)

Dobbin
 

rob0126

Veteran Member
Gads almighty, these people in Goberment need IQ tests and common sense tests.

They say things that don't make sense on purpose. It's a type of psyop to get you to pass them off as stupid, when it fact, they know exactly what they are doing.

If america ever recovers, If a govt. official ever gets caught lieing or saying idiotic things like that, to boot them out the door before the top of the next hour.
 
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