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America's Heartland Biden Biden Cartel Commentary Corruption Economy Government Overreach Links from other news sources. Reprints from others.

The Real Reason Americans Prefer Trump’s Economy to Biden’s.

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The Real Reason Americans Prefer Trump’s Economy to Biden’s.

Article was originally on Breitbart.

The Progressive Fury at the Public’s Preference for Trump’s Economy Over Bidenomics

American progressives are in a state of high dudgeon, gnashing their teeth at the realization that the American people favor Donald Trump’s economy over Joe Biden’s. This strikes them as utterly irrational, and they’ve spent months concocting elaborate theories to explain why Americans just can’t see that we supposedly live in an economic utopia under Biden. But the reality is much simpler: we were better off under Trump.

In the annals of economic blunders, Biden’s presidency is fast securing a prominent spot. Despite the administration’s self-congratulatory rhetoric on job creation and recovery, the average American remains unimpressed.

A recent Bloomberg/Morning Consult poll reveals that 51 percent of respondents felt better off financially under Trump, compared to a meager 32 percent under Biden.

The issue at the forefront? The relentless surge in the cost of living, a direct consequence of Biden’s inflationary policies.

Inflation: A Biden-Made Crisis

Let’s be clear: inflation is Biden’s albatross. The president inherited an economy already on the mend, yet he pushed through a $1.9 trillion American Rescue Plan, ignoring clear warnings about its inflationary risks.

The Wall Street Journal’s James Freeman recently pointed out that Biden’s initial economic plan was based on serial deceptions:

His inauguration occurred during a stretch of fast growth and low inflation. Real GDP was growing at an annual rate of better than 5% during the quarter he took office. It has grown more slowly in the years since and of course with the additional plague of rising prices.

This is not just an issue of deceptive rhetoric. The deceptions of 2021 actually helped cause the resulting inflation. That’s because Mr. Biden’s false portrayal of an economy in distress was the justification for the spending spree he initiated despite warnings from prominent Democratic economists. The bogus claims have had highly destructive consequences.

In other words, Biden falsely claimed that Trump’s policies had left the economy in ruins during the campaign, and then he exaggerated the economic peril when he took office to justify a spending spree designed to placate his leftwing base and claim credit for a recovery already in motion. The Democrats feared that if the economy were allowed to recover without a big Biden bill, people might actually credit Trump with the rebound.

KEARNY, NEW JERSEY - OCTOBER 25: U.S. President Joe Biden gives a speech on his Bipartisan Infrastructure Deal and Build Back Better Agenda at the NJ Transit Meadowlands Maintenance Complex on October 25, 2021 in Kearny, New Jersey. On Thursday during a CNN Town Hall, President Joe Biden announced that a deal to pass major infrastructure and social spending measures was close to being done. House Speaker Nancy Pelosi also announced on Sunday that she expects Democrats to have an "agreement" on a framework for the social safety net plan and a vote on the bipartisan infrastructure bill in the next week.The reconciliation package, which was slated at first to cost $3.5 Trillion, would still be the biggest support to expanding education, health care and child care support, and also help to fight the climate crisis as well as make further investments in infrastructure. Congress still needs to pass a bipartisan infrastructure bill by October 31 before the extension of funding for surface transportation expires. (Photo by Michael M. Santiago/Getty Images)

President Joe Biden gives a speech on Build Back Better agenda on October 25, 2021, in Kearny, New Jersey. (Michael M. Santiago/Getty Images)

It’s almost like a children’s fairytale aimed at teaching the dangerous consequences of dissembling. Biden’s first lie about the state of the economy at the time of the election more or less required his second lie about the necessity of a huge stimulus bill in 2021, which in turn required him to claim that inflation wasn’t a danger as it got started and then flip to claiming it would quickly fade once it was undeniable. And then, every time inflation dipped, Biden claimed inflation was defeated—only to see it re-emerge, forcing Biden into concocting fictions about “Putin’s price hikes” and “greedflation.”

More recently, Biden has repeatedly and falsely claimed that inflation was nine percent when he took office. In reality, the consumer price index was up just 1.4 percent year-over-year in January 2021. When the White House was confronted with this lie, it just fabricated another blameshifting tale about the “factors” of inflation being in place when Biden took office.

The Job Growth Mirage and the Income Dearth Reality

Biden’s cheerleaders love to tout the creation of 15 million jobs and a low unemployment rate. Most of those jobs, however, were not created so much as recovered due to the re-opening of the economy. We were always going to hire back millions of people into jobs once the shackles—in some cases, literally—came off the doors of American businesses.

Biden’s record looks less impressive when it is remembered that at the end of the third year of his presidency, the unemployment rate was 3.7 percent; and it was actually a bit lower (at 3.6 percent) in the third year of the Trump presidency. And while Biden’s supporters love to claim that Trump’s record on jobs is terrible because of the lockdown job losses, most Americans see this as the partisan hackery it is.

Americans know the 2020 spike in unemployment was not a result of Trump’s economic policies but because of the pandemic lockdowns. They probably suspect—correctly—that these pandemic job losses would have been even higher if a Democrat had been in the White House because the left was eager to close down the economy while Trump was somewhat reluctant to do so. Would we have been better off if Trump’s reluctance had instead been resistance to lockdowns? Probably. But that’s not a policy Biden can plausibly claim he would have supported.

Signs in the window of a business on Main Street in Walnut Creek, California, on March 24, 2020, announcing the store’s closure due to the COVID-19 pandemic lockdown orders. (Smith Collection/Gado/Getty Images)

More importantly, Americans understand that their real incomes—that is, incomes after inflation—were far more improved under Trump than Biden. According to a devastating analysis by Bloomberg News running under the headline “Voters Prefer Trump Over Biden on Economy. This Data Shows Why,” real disposable personal income per capita under Biden has improved at only about a quarter of the pace set during the Trump years.

In the first three years of Trump’s presidency, real disposable income rose seven percent, compared to just two percent under Biden. Looking at all four years of Trump’s presidency, income rose 12.4 percent, whereas during Biden’s term, it’s expected to rise just 2.9 percent, assuming continued economic growth this year.

“Real disposable personal income per capita — money available to spend after taxes and adjusted for inflation — is a clear measure of standard of living. Under Biden, it’s improved, but on average only at about a quarter the pace set during the Trump years,” Bloomberg reports.

And then there is Biden’s inflation record. Consumer prices are cumulatively up 19.5 percent since Biden took office. At this point in Trump’s presidency, Americans had experienced cumulative inflation of just 5.6 percent. In short, we’ve had 350 percent more inflation under Biden than under Trump.

Inflation

President Joe Biden speaks about the economy on January 12, 2023, in Washington, DC. (ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

Both presidents ran up huge deficits to finance COVID relief spending. Trump backed the $1.8 trillion CARES Act in March 2020, while Biden backed the $1.9 trillion American Relief Plan in March 2021. But the timing mattered. When Trump’s stimulus spending was passed, the economy was in free fall due to the lockdowns and social distancing. As a result, it didn’t pump up inflation much but did dramatically reduce unemployment and ignite growth. When Biden’s was passed, the economy was already growing rapidly—so the payoff in terms of growth and jobs was smaller while the inflation cost was enormous.

According to a survey from ABC News and IPSOS, Biden’s approval rating languishes at 35 percent, with 57 percent disapproving. Forty-three percent of Americans report being financially worse off under his administration, and a staggering 81 percent believe he is too old for another term.

On critical economic issues, Trump holds a commanding lead: a 14-point advantage on the economy and inflation. This preference isn’t irrational; it’s a straightforward assessment of who has delivered better economic results.

The Future of Interest Rates and Economic Growth

Federal Reserve Chair Jerome Powellrecently sidelined by COVID-19, has repeatedly said that bringing inflation down to the Fed’s two percent target will require patience. And he’s confident that inflation will fall to the Fed’s target—and that it will not require a serious economic downturn or outright recession.

Yet the root causes of our inflation woes—Biden’s early spending spree and his insistence at keeping deficits at levels unseen outside of wars, natural disasters, or serious recessions—remains unaddressed. Without a fundamental policy shift, inflation will persist, and interest rates are unlikely to fall, prolonging economic pain for everyday Americans.

Former President Donald Trump speaks at a campaign rally on May 11, 2024, in Wildwood, New Jersey. (Michael M. Santiago/Getty Images)

Progressives may continue to rationalize Biden’s economic policies, but the facts are indisputable. Under Trump, Americans enjoyed faster income growth, lower inflation, and a more robust economic environment. The preference for Trump’s economic stewardship is not nostalgia but a clear-eyed recognition of superior economic outcomes.

As we approach the 2024 election, voters are signaling a desire for a return to policies that prioritize economic growth and stability. The numbers and personal experiences of Americans underline the failures of the current administration and the urgent need for a change in direction.

 

 

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America's Heartland Commentary Economy Education Elections Free Speech Just my own thoughts Opinion Politics

What Trumps rally in NJ means to the political landscape. On to Maryland, Virginia, and yes Delaware.

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What Trumps rally in NJ means to the political landscape. On to Maryland, Virginia, and yes Delaware. So what happens next? I have to believe that this Beach rally has the left scared big time.

Trump needs to hit Virginia Beach, Ocean City Maryland, and even Rehoboth Beach, Delaware. Rallies in those areas would bring in folks from border states like NY, and PA. in the east, plus your southern states. It forces Biden to spend money in areas where he normally would not.

The 45th president added that New Jersey and Virginia are also in play as he looks to defeat Democrat President Joe Biden in a highly anticipated rematch of the 2020 general election.

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Biden Biden Cartel Commentary Corruption Economy Links from other news sources.

When is a lie not a lie? When MSM refuses to call Biden on his lies.

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When is a lie not a lie? When MSM refuses to call Biden on his lies. Biden did it again. Told a whopper and gets away with it. The latest?

“No president has had the run we’ve had in terms of creating jobs and bringing down inflation. It was 9% when I came to office — 9%,” the 81-year-old president said on Wednesday, when inflation was just 1.4% when he came into office in Jan. 2021.

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Biden Cartel California. Commentary Economy Government Overreach Links from other news sources.

Why is the state with the largest oil reserves have the highest gasoline prices?

Views: 24

Why is the state with the largest oil reserves have the highest gasoline prices? First it’s the taxes. Second it’s the lack of drilling off shore where they have a goldmine of reserves. And of  course horizontal drilling (fracking ) is mostly non existent.

The national average for a gallon of gas waffled up and down over the past week before settling higher by two cents at $3.67.  The slight increase in pump prices happened despite a lull in domestic gasoline demand and falling oil prices.

“From a demand perspective, we have entered the pre-Memorial Day funk,” said Andrew Gross, AAA spokesperson. “And the cost of a barrel of oil is nearly $10 less than two weeks ago, as oil prices have fallen into the upper $70s. This may keep pump prices somewhat flat for the immediate future.”

According to new data from the Energy Information Administration (EIA), gas demand rose slightly from 8.42 million b/d to 8.62 last week. Meanwhile, total domestic gasoline stocks increased by .4 million bbl to 227.1 million bbl.  Tepid demand, increasing supply, and falling oil prices could lower pump prices.

Today’s national average is $3.67, 14 cents more than a month ago and 8 cents more than a year ago. Below is California as of May 3rd. I paid $3.09 yesterday here in Ohio.

RegularMid-GradePremiumDiesel
Current Avg.$5.357$5.576$5.738$5.386
Yesterday Avg.$5.367$5.586$5.748$5.394
Week Ago Avg.$5.401$5.618$5.783$5.420
Month Ago Avg.$5.200$5.389$5.559$5.407
Year Ago Avg.$4.846$5.058$5.207$5.226

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America's Heartland Biden Biden Cartel Censorship Commentary Corruption Economy Elections Government Overreach Media Woke MSM

Biden asks MSM to not report his asinine, lying, fake news, and mental lapses.

Views: 26

Biden asks MSM to not report his asinine, lying, fake news, and mental lapses. Oh those weren’t his words, but that’s what he meant. Below are his words.

I’m sincerely not asking of you to take sides but asking you to rise up to the seriousness of the moment; move past the horserace numbers and the gotcha moments and the distractions, the sideshows that have come to dominate and sensantio- — sensationalize our politics; and focus on what’s actually at stake.  I think, in your hearts, you know what’s at stake.  The stakes couldn’t be higher.

So he’s asking the media to not cover the truth or show his mental miscues and the weaponization of the justice department.

More of Biden’s lies.

“He said he wants to be a dictator on day one,” Biden told the crowd of journalists, lawmakers, celebrities and others, characterizing remarks Trump repeatedly made about the southern border and drilling efforts. “He promised a bloodbath when he loses again. We have to take this seriously. Eight years ago we could’ve written it off as just Trump talk but no longer.”

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Biden Cartel California. Commentary Economy Government Overreach Just my own thoughts Leftist Virtue(!) Links from other news sources.

California has increased battery capacity by 1,250% since 2019. Meaning that they still need fossil fuel for 20 plus years.

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California has increased battery capacity by 1,250% since 2019. Meaning that they still need fossil fuel for 20 plus years.

California has enough fossil fuel to power the whole country for who knows how long. But they continue to put their faith in wind and solar. Where are they today?

California Gov. Gavin Newsom said Thursday that while the state is continuing to add to its battery storage, it is not enough to avoid blackouts during heat waves, according to the Los Angeles Times.

Newsom said the state had battery storage systems with the capacity of 10,000 megawatts, 20% of the 52,000 megawatts California said is needed to meet climate goals, the Times reported. Newsom said California aims to have 100% clean energy by 2045.

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America's Heartland Commentary Economy Links from other news sources. Work Place

Oh Canada. Canada Pension Plan Investment Board invests $300 million into fossil fuels.

Views: 12

Oh Canada. Canada Pension Plan Investment Board invests $300 million into fossil fuels.

Does my heart good to see our friends to the north will invest $300 million to a company that is drilling for oil and natural gas in my backyard. Encino Acquisition Partners LLC has secured a $300 million equity investment commitment from the Canada Pension Plan Investment Board to support the energy firm’s accelerated development of the oil play in Ohio’s Utica/Point Pleasant shale region, the company said.

The energy company has emerged as the largest oil producer in Ohio – its 78 wells across the state in 2023 produced 13.8 million barrels in 2023, or approximately half of total production.

Last year witnessed a dramatic leap in overall oil production statewide, according to ODNR. In 2023, horizontal wells across Ohio produced 27.7 million barrels of oil, a 41% increase from the 19.6 million barrels produced in 2022 and a nearly 70% increase from the 16.4 million barrels produced in 2021.

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America's Heartland Biden Biden Cartel Commentary Economy Government Overreach Links from other news sources.

The National debt is rising by $1 trillion about every 100 days. No kidding.

Views: 30

The National debt is rising by $1 trillion about every 100 days. No Kidding.You know you’re in trouble when CNBC says Biden is spending like a drunken sailor. Every 100 days we go deeper into debt.

What’s unbelievable is that every month this first quarter the revenues grew. So did you pay the bills? No he spent more than we brought in.

Trump had around 7 trillion in debt. 3 trillion because of COVID. Remember a Democrat House and Senate passed that spending . Biden after three years? The national debt has grown by over $6.24 trillion since Biden took office in 2021. Also no COVID pandemic since he had three vaccines he claimed were life savers. Tell that to the million plus folks who died under Joe’s watch.

 

 

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Commentary Economy Education Elections How funny is this? Life The Funnies.

Let’s have some cartoons.

Views: 12

Let’s have some cartoons.

Let’s take a look at some cartoons. The fun side of what’s going on in todays world. Post some of your own in the comments section.

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Biden Biden Cartel Climate "change" Commentary Economy Government Overreach Links from other news sources.

Energy costs up 30%. So what does Biden do? Raises them even more.

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Energy costs up 30%. So what does Biden do? Raises them even more. With all that’s been done to this country and our economy, the Biden administration now thinks that going after light bulbs will save the world?

The Biden administration is now taking aim at lightbulbs as part of its climate agenda, announcing Friday new efficiency standards that will “slash harmful greenhouse gas pollution” and set levels that can only be met by LED bulbs.

Failed in Afghanistan, Failed at the border. Failed with Iran. And failed big time with the economy. So what’s left? The only good news is that this takes effect in 2028 and these folks will be long gone by then.

 

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