The Fed may have done the impossible: Avoid a recession — for now | CNN Business

In the world of economics, nothing is certain. But it’s looking extremely unlikely that America’s economy will go into reverse anytime soon.

           

https://www.facebook.com/cnn/posts/746659513993369

Seth Greenberg
Yes inflation is down now. But he created it in the first place. You’re using statistics to your advantage. You failed to say 80% of debt under trump was bipartisan covid relief. Just like you blamed covid for the unemployment rate during his administration. But you failed to address that it was mostly democrat states who shut down there economies that caused the high unemployment rate. Through out the pandemic and even to this day republican states have the lowest unemployment rates. The new jobs Biden claims are mostly jobs being restored that democrats lost.

Let’s look at the jobs Biden created. Most of them are government jobs. Many of his new programs have failed. The electric bus company he used as an example went bankrupt. The wind farm off NJ the biggest company pulled out and the project is canceled. Fords big battery plant cancelled. Gretchen Whitmers big battery plant canceled. His mandate for EV just costs thousands of UAW jobs. Joes EV chargers all over the country. Yes just one open after 3 years.


Seth Greenberg
Gas hit a all time record high under Biden. His first move was to cancel a petroleum pipeline here. Then he cancelled sanctions for a Russian pipeline. His only move was to deplete our strategic petroleum reserves. Eventually that’s going to cost us trillions. His inflation reduction act did just the opposite. It raised inflation to a cumulative 20% increase in inflation. It benefited the solar and battery industry in China not our own. It benefited European wind industries not our own. His American rescue plan over stimulated our economy causing a huge rise in inflation.
His immigration policies have allowed ten plus million illegal immigrants into our country costing us trillions each year. His foreign policies allowed Putin to invade Ukraine costing us trillions. Our national debt has gone up the largest amount ever in a 3 year period.

This forced the federal reserve to raise interest rates. Causing the real estate market to crash. Now average Americans can’t afford a home.

WOW I’m happy for you that your salary has doubled, but most Americans can’t say the same thing. Minority unemployment is double the national rate.
For the first time in history Americans personal debt is now over 1 trillion dollars. More Americans in history are one paycheck away from entering poverty.

Joe claims he is building the economy from the middle out and the bottom up. Well unfortunately his policies have hurt the lowest income Americans than any other group. 75% of Americans say they are worse off now than ever before.
Even you admit just food cost you $8000 more over the past 3 years. So what about clothes. What about heating or cooling your house. What about electricity. How about your water bill. Now what if you have a wife and 3 kids. So yes you double your salary but most Americans are going into debt just to survive


Randell Wolff hahahahahahah. You don't pay much attention do you? That's OK we are used to uninformed libtards ignoring the truth. "The United States has experienced 13 straight months of high inflation since the Biden administration dismissed concerns about rising costs and said the contributing factors were "transitory."

"We have in recent months seen some inflation, and we — at least on a year-over-year basis — will continue, I believe through the rest of the year, to see higher inflation rates, maybe around 3 percent," Treasury Secretary Janet Yellen said about in inflation in early June 2021. "But I personally believe that this represents transitory factors."

Roughly a month later, in July, President Biden suggested there was no reason to worry about inflation and explained that it would be "temporary."


BREAKING. Private credit card debt is at an all-time high, people financing groceries, people are working two jobs instead of one (while the President brags about low unemployment numbers), inflation (which is the most regressive tax ever) hit a 42 year high, interest rates are at a 43 year high, housing up 67% since Biden took office (making housing unobtainable for an entire generation of adults), a record for the most suicides in a year (2022), another 2022 record for the highest national average fuel price, the IRS collecting the most in taxes ever in a year, hitting a record number of 653,000 homelessness...

BUT, good thing the Fed "saved" us from a recession... LOL


Don Cobin Trump stood up for Neo Nazi. Under him mass shootings were up. Hate crime was up because of him. American Global Image was at an all time low. Trade deficit went up. Trump caused so much chaos in the middle east and now we are paying the consequences for it. Did nothing for Health Care. Highest levels of debt since WW2. Economic growth was at 0. One more thing for Trump failure which we are all paying consequences for. DIdnt have the guys to stand up to Putin. Also you can also January 6 2021 and 91 felony counts.


Don Cobin. The impact on the pipeline is minimal. We are number 1 in oil production and gas prices has gone down tremendously. His inflation reduction act has been successful. Inflation has gone down 65%. There has also been 170000 new clean energy and manufacturers jobs that's more then Trump ever did. It has added $278 billion in new investments.

Yes the fed has to be aggressive because under Trump we had $3 Trillion deficit now its under $2 Trillion. If you had the other guy in the Whitehouse the economy would be worse. Also Trump added $8 Trillion to the debt and over $2 Trillion defecit while unemployment rate went up and the job market went into the toilet. I guess you are also ok with Putin getting away with everything. That is why he is war so he can get his buddy Trump back into the Whitehouse because he knows Trump won't do anything. On Immigration Trump did nothing instead paying for a wall that Mexico was supposed to pay for


Don Cobin . He didn't create it. The result of the Pandemic created inflation due to supply and demand that shifted our economy. You failed to mentioned that the inflation started once Biden was able to lead this country out from the Pandemic something that Trump didn't even know how to do. By the way, the reason for strikes more of cooperate greed. When the CEO makes $21 Million and can't pay their workers a good salary that is called greed. It's funny you make the excuse for the increase unemployment under Trump because of the Pandemic which I knew you were going to do anyway but say Biden started the inflation. Talk about comedy. Also Trump deficit was close to a $1 Trillion before the Pandemic doubling of what it was when he came in.


Seth Greenberg I’m not saying debt didn’t go up during Trump. No biden didn’t lead the country out from the pandemic. That was Trump. Who under his leadership we developed 3 vaccines. A vaccine distribution program and the economy was already recovering when Biden took office. In Florida under Biden there were only 3 federal vaccination centers. It was the states who handled vaccines with the trump transportation program to get them to the states.
I’m sure you noticed as soon as Biden was elected most states decided to end the democrat mandates and go with the republican/Florida covid policies. But still democrat states took the longest to recover from the blue restrictions, mandates and lockdowns.
Now that the pandemic is over COVID positivity rates, hospitalization rates and death rates for every state were under 1% of each other. Clearly the democrats mandates and lockdowns failed.


Seth Greenberg

Ok next trade deficit

As of 2022, the United States had a trade deficit of about 945.32 billion U.S. dollars. The highest ever. The U.S. trade deficit has been steadily increasing since 2009 when Obama took office

And finally you said we had the highest debt under Trump since WW2. That is false

The U.S. national debt grew to a record $31.42 trillion in by the end of 2022. I don’t think Trump was president then. I think he was out of office 2 years by then.

I agree Jan 6 was terrible. But I’ve blown every other one of your accusations right out of the water.

So keep going.


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