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You’re right, I blame the America citizens for being too stupid.
The president alone can't determine policy. That requires the cooperation of Congress. The Federal Reserve has the largest impact on how money policy is conducted. But you're right. Most people associate economic conditions, good or bad, with a presidents actions. BTW. It was Trump who first selected Jerome Powell for Fed Chairman. Powell is a lifetime Republican.Anyone care to guess what is the number one issue in the upcoming election? Anyone?
CNN Poll: Only 2% of Americans Believe Biden’s Economy Is 'Very Good'
Only two percent of Americans believe President Biden’s economy is "very good," a CNN Wednesday poll found.
That 2% is the top 2%.Anyone care to guess what is the number one issue in the upcoming election? Anyone?
CNN Poll: Only 2% of Americans Believe Biden’s Economy Is 'Very Good'
Only two percent of Americans believe President Biden’s economy is "very good," a CNN Wednesday poll found.
Correct BUT it’s conducted dependent on the monetary policies of the president. In no way shape or form is this anybody but Brandon’s fault.
False! The Federal Reserve was set up as an independent agency able to make decisions free from political influence. They bear a share of blame for soaring inflation for not raising rates sooner. Fed Chairman Powell: "We should have moved earlier".
Mike,
Powell declared inflation was "transitory" a few days before he was reappointed. LOL!
Too much liquidity pumped into the system and Fed incompetence may have contributed to U.S, inflation but supply chain disruptions caused by the pandemic is the cause of global inflation. My opinion on that has never changed.
That wasn't the way you were wording it for months.You denied Biden's spending and Fed had anything to do with our inflation. You had " global inflation" ( the tail) wagging the United States (the dog).
False! What I contended was that Biden policies were not the cause of global inflation and specifically stated it was a demand/supply mismatch caused by the pandemic. You people claimed that Biden policies were the cause of global inflation because we have the largest economy. I disagreed and always claimed it was caused by global supply chain disruptions.
Most of Americas top economists would totally disagree with you. Biden pumped too many trillions into the economy much too quickly and the scary thing is, last I heard (AND DON'T QUOTE ME ON THE ACTUAL NUMBER} nearly 2 trillion has not yet been spent. Really, I know, as does my cat, that our nation's economic problems started the day Biden took office, starting the with Keystone cancellation and his promised war on the energy industry. I have no idea who is calling the shots in the white house but they have all been wrong
Stay focused! All my statements were in regard to the cause global inflation not that of the U.S. As for our economic problems starting the day he took office, he inherited an economy with rates of GDP growth, consumer confidence, labor force participation all at lower levels than what was faced by most modern presidents.
Why do you think polls show the American public has no confidence in Biden or Powell as far as our economy goes. It has nothing to do with Europe which was your mantra for months.
Wrong again Mike. Univ of Michigan Consumer Confidence Survey (the gold standard) took a nose dive as soon as Biden took office and it remains there. Get some new numbers.
Had it not been for Covid, Trump would likely be president today and we would still be an energy independent exporter, we would still have low inflation, continued job growth, low unemployment and rising hourly wages. Biden has done zero, nada, nothing, rien. Come on, Mike, this administration is truly a failure
Right. They have to react to Brandon’s bad policies. Like printing trillions of dollars. So. Right.
No no no- all our problems are due to inflation in Europe. It has nothing to do with OUR policies- just Europe. LOL!
Federal Reserve is Monetary Policy Mr Mike The Economist but it's the Administration that has Fiscal Policy.
Don't waste typing to Mike he is stuck.
Because of lockdowns. It's hard to GROW THE ECONOMY when business is shut down.
We still employ one million people less than when pandemic hit despite all Brandon's bragging about " job creation".
You either have a bad memory or are a liar. My mantra has always been that global inflation was due to demand/supply mismatch. You and your ilk claimed that since we had the largest economy, economic conditions here prevailed globally and that Biden policies caused global inflation. You completely ignored supply chain disruptions caused by the pandemic in your rush to blame Biden. Supply chains didn't recover rapidly enough to meet demand and the result was too many dollars chasing too little supply- The definition of inflation.
Trump always said, "America First" but in reality it was "Trump First". Your unwavering worship of the serial-lying buffoon is baffling. Trump is the definition of a narcissist and they are dangerous people. Napoleon, Hitler and Putin all had the same affliction and look at the havoc they created. Are you enjoying learning all the ways Trump tried to overturn the election? Your hero. Wake up!
