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re: Morgan Stanley credits ‘Bidenomics’ in lifting its U.S. economic-growth outlook.

Posted on 7/23/23 at 1:12 pm to
Posted by Mister Flawless
Tuscaloosa
Member since Jul 2011
381 posts
Posted on 7/23/23 at 1:12 pm to
quote:

Because the economy is slowly headed in the right direction.. of course we’d all like to see a faster and larger increase.

But growth is growth..

The economy keeps outperforming the experts expectations.. that’s a good thing in my opinion.

But regardless.. the sycophants that worship at the feet of Trump will never admit that..

The CHIP program is a good thing

The infrastructure program is a good thing! So good that even folks that voted against it or out telling their constituents how great it is..

I’m sorry some of you hate the country.. but things are getting better whether you like it or accept it


Smh, because I feel this is not true, I hate the country. Hate to break it to you, but I don’t want the country to fail cause Biden, Obama, or any other Democrat is in office. Rather I hope their ideals and values don’t break the country.

You point to CHIPS and infrastructure bills as successes. Okay there is good in there, and we can agree that investing into improving infrastructure and building on manufacturing is a great idea, no matter who passed it. The problem comes with the bullshite that is attached to those bills. Infrastructure specifically has parts of it that base funding on DEI points. Remember “racist” bridges being a major discussion. Why should race matter when it comes to improving the roads or bridges. That ideal and value as well as others like it tears the country further apart than bringing us together.

Nominal growth in wages is good and inflation is t growing rapidly. However, it’s still much higher due to some artificial metrics such as increased government spending. Even the most liberal business site would caution the current growth.

It’s great seeing unemployment low, but the labor force participation rate is steadily declining as well. That impacts unemployment overall. Why the labor force is decreasing is up for debate but you can’t both say unemployment is down while damn near every business has help wanted signs and offers above and beyond minimum wage. Some other factor is working to impact this…increased government spending.

Every time Biden brags about “reducing the deficit” while also detailing the spending he does creates a false equivalency. He refuses to attempt to cut spending while trying to tax more and more. However, you would think the rich and big corporations you hate are against more taxation, but there’s always ways for them to shield their money. Ways the middle class cannot do. This leads to more crony capitalism with few global corporations providing everything, reducing competition overall.

So, if there’s signs of growth, great. But I would rather sustainable growth that isn’t artificial or manipulated. However, in no way do I want the country to fail.
This post was edited on 7/23/23 at 1:16 pm
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