Biden's Economic Performance Has Proved Unbeatable

[dbackjon]

https://www.bloomberg.com/opinion/artic ... unbeatable

No first-year president going back to Carter comes close to matching the current White House occupant’s No. 1 or No. 2 ranking in each of 10 key measures.

U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.

Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.

[dbackjon]

Consider that real, or inflation adjusted, gross domestic product surged at an average annual rate of 5.03% in each of the first three quarters of 2021, and is poised to expand 5.6% for the year based on the average estimate of more than 80 economists surveyed Bloomberg. If that forecast proves accurate, it would be more than 2.8 times the average between 2000 and 2019 and double the average since 1976.

All of which makes Biden's first year in the White House the standout among the seven previous presidents, based on 10 market and economic indicators given equal weight. According to data compiled by Bloomberg, no one comes close to matching Biden's combination of No. 1 and No. 2 rankings for each of the measures:

[dbackjon]

Consider that real, or inflation adjusted, gross domestic product surged at an average annual rate of 5.03% in each of the first three quarters of 2021, and is poised to expand 5.6% for the year based on the average estimate of more than 80 economists surveyed Bloomberg. If that forecast proves accurate, it would be more than 2.8 times the average between 2000 and 2019 and double the average since 1976.

All of which makes Biden's first year in the White House the standout among the seven previous presidents, based on 10 market and economic indicators given equal weight. According to data compiled by Bloomberg, no one comes close to matching Biden's combination of No. 1 and No. 2 rankings for each of the measures:

[dbackjon]

Despite what the GOP and Mainstream Media want you to think, Biden is kicking ass with virtually every measure.

Only a complete Partisan Hack wouldn't see that.

[UNI88]

Despite what the GOP and Mainstream Media want you to think, Biden is kicking ass with virtually every measure.

Only a complete Partisan Hack wouldn't see that.

Enjoying a pleasant drive ...



and then ...

[CID1990]

LAWL

Us normals are just sitting back thinking we’ll just believe our lying eyes


Sent from my iPhone using Tapatalk

[LeadBolt]

Figures lie and liars figure.


Sent from my iPhone using Tapatalk

[kalm]

Top down economies are wonderful!

[Ivytalk]

dpsakijon celebrates second place finish in 2021 Dow Jones contest!

Give that lad a trophy!

[AZGrizFan]

This is an absolute CLASSIC psakijon thread…next thing, JSO will chime in about what a great job Biden has done with the stock market…

[kalm]

This is an absolute CLASSIC psakijon thread…next thing, JSO will chime in about what a great job Biden has done with the stock market…

I figured all you neoliberal supporting mofo’s would be overjoyed at this performance.

[Ivytalk]

This is an absolute CLASSIC psakijon thread…next thing, JSO will chime in about what a great job Biden has done with the stock market…

I figured all you neoliberal supporting mofo’s would be overjoyed at this performance.

And you left-leaning mofos just tell the Fed to keep those printing presses rolling! Build Back Better! Let’s go, Brandon! It’s transitory! Believe me!

[kalm]

I figured all you neoliberal supporting mofo’s would be overjoyed at this performance.

And you left-leaning mofos just tell the Fed to keep those printing presses rolling! Build Back Better! Let’s go, Brandon! It’s transitory! Believe me!

The Fed is printing money because of neoliberal domination over the past 40 years.

Remember…perpetual growth is what they believe in and what keeps the serfs content enough.

[JohnStOnge]

This is an absolute CLASSIC psakijon thread…next thing, JSO will chime in about what a great job Biden has done with the stock market…

No I won't. I don't think there is a cause and effect relationship between what Biden's done and the stock market any more than I think there was a cause and effect relationship between what Trump did and the stock market. There was a big dip in early 2020 that I think was due to COVID-19 (Captain Obvious) and it's been generally increasing since it bottomed out on during March of that year. If you look at the graph you would not say that it looks like something happened around January, 2021 to change things.

[JohnStOnge]

I think the most important thing for you Trump fans to remember is that Trump said if Biden was elected the Stock Market would crash, etc. The important thing isn't that you decide Biden is responsible for the stock market doing well during 2021. The important thing is to realize that Trump wasn't the reason it was doing well BEFORE 2021.

As you can see, the Trump factor was removed and it kept doing fine.

[AZGrizFan]

I think the most important thing for you Trump fans to remember is that Trump said if Biden was elected the Stock Market would crash, etc. The important thing isn't that you decide Biden is responsible for the stock market doing well during 2021. The important thing is to realize that Trump wasn't the reason it was doing well BEFORE 2021.

As you can see, the Trump factor was removed and it kept doing fine.

BIDEN himself said if he was elected he would “whip” the virus. How’s that going for him?

[SeattleGriz]

I think the most important thing for you Trump fans to remember is that Trump said if Biden was elected the Stock Market would crash, etc. The important thing isn't that you decide Biden is responsible for the stock market doing well during 2021. The important thing is to realize that Trump wasn't the reason it was doing well BEFORE 2021.

As you can see, the Trump factor was removed and it kept doing fine.

BIDEN himself said if he was elected he would “whip” the virus. How’s that going for him?

He quit and is now following Trump's plan.

[Winterborn]

[Ibanez]

I know dback means for this to be positive but I'm not sure we're in positive territory here. I'm glad the stock market hasn't tanked (nothing that Biden or any POTUS can really control) but let's not forget that lumber, car, food, heating and other prices that directly affect average Americans have gone up and continue to.

Also, can you say his economic performance is proven unbeatable if nobody has had a chance to come afterwards?

[89Hen]

If this is all fact, why is it an opinion piece?

[Winterborn]

Opinions or facts
Though feelings trump them all now
What matters is I

[Ibanez]

If this is all fact, why is it an opinion piece?

It's an alternative fact.

[AZGrizFan]

https://www.bloomberg.com/opinion/artic ... unbeatable

No first-year president going back to Carter comes close to matching the current White House occupant’s No. 1 or No. 2 ranking in each of 10 key measures.

U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.

Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.

this post aged well.

[CAA Flagship]

https://www.bloomberg.com/opinion/artic ... unbeatable

No first-year president going back to Carter comes close to matching the current White House occupant’s No. 1 or No. 2 ranking in each of 10 key measures.

U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.

Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.

this post aged well.

[AZGrizFan]

https://www.bloomberg.com/opinion/artic ... unbeatable

No first-year president going back to Carter comes close to matching the current White House occupant’s No. 1 or No. 2 ranking in each of 10 key measures.

U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.

Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.

this post aged well.

this post aged well.