Consumer Price Inflation

Joe Biden’s Economy

Ronald 5 Comments

Joe Biden’s economy first year:

Stock Market up to all time high, although it went down this past week, the most since March 2020.

Unemployment dropped 2.5 percent, an all time record, as 6.2 million jobs were created, the most in a first year of a Presidency.

All sectors of the economy saw job gains, and the American Rescue Plan caused unemployment to fall faster than expected.

People had more disposable income in 2021, even taking inflation into account.

Poverty among children fell by 38 percent from 2020 to 2021.

One third fewer people reported they did not have or sometimes did not have enough to eat in December 2021 than in December 2020.

Workers were empowered to take better jobs, as they were able and willing to quit, being able to get higher pay, better benefits, and working conditions.

Applications to start new businesses increased dramatically in 2021.

Clearly, while economic conditions are much better, to the average American, inflation is a nightmare, and the COVID 19 Pandemic is having a deleterious effect on the mood of the American people.

So there is a lot of discontent with the Joe Biden Presidency as many Americans are unhappy at the stress and uncertainty that the Pandemic has caused.

But if clearcut thinking is employed, does anyone think a fifth year of Donald Trump would have produced similar or better economic results?

The Major Goals For 2022: Accountability For Donald Trump, Voting Rights Insured, And Biden Agenda Accomplished!

Ronald Leave a comment

As the year 2021 comes to an end, the major goals for 2022 are clear!

First, there MUST be accountability for the sins and crimes of Donald Trump and his seditionist supporters of January 6, and that includes proper punishment for the Congressmen and Senators who supported Trump during and after the attack on the US Capitol. So the Republican Party must be purged of its treasonous elements, and expulsion and prosecution must occur!

Second, voting rights must be insured, by changing the filibuster, as voting is the most basic right every American citizen has, other than freedom and liberty itself!

Third, the Joe Biden Agenda, as expressed in the Build Back Better bill, must be passed, maybe in modified form, but essential for the promotion of the middle class and the poor!

Despite the many challenges Joe Biden faces in 2022, this author and blogger senses that the US Senate will go majority Democratic, and that the House of Representatives, after reapportionment of seats, and even with the sin of gerrymandering, is likely to be evened out in such a way that the Democratic Party has a good chance of retaining the House majority. To allow the seditionist, treasonous majority of the House Republicans to gain control, and whitewash the US Capitol Insurrection, would be true destruction of democracy, and every decent person must resist that to the extreme degree during this upcoming year!

The year also brings the continued danger of the COVID 19 Pandemic; high inflationary pressures; continued climate change and global warming challenges; and the mental health crisis facing the nation.

And threats of war and bloodshed create a massive challenge as well, particularly regarding Russia and Ukraine, and China and Taiwan.

So there will be plenty to worry about and write about in the next year, and I wish the best to all my readers in the new year 2022!

Nine Months Of President Joe Biden: Realism Sets In With Major Challenges Domestic And Foreign

admin 2 Comments

Today marks nine months of the Joe Biden Presidency.

This is a crucial time for Biden and the nation, as his public opinion ratings have declined, due to the constant controversy over the COVID 19 Pandemic mandates on masks and vaccinations, bitterly opposed by the right wing channels, including Fox News Channel, One America News Network (OANN), and Newsmax TV, as well as the vast number of Republican governors and members of Congress.

But also, the economic outlook is uncertain, as inflation rages, and many people are staying out of the work force, as we are seeing a massive change in the outlook of Americans toward the kind of work they have done, and wish to do in the future.

The constant debate over the social infrastructure bill is also a burden for Biden, as Joe Manchin and Kyrsten Sinema and a few House Democrats are forcing a major cut in the proposed spending from $3.5 trillion to about half that amount, causing a scale back in the proposed legislation on education, health care, and most particularly on climate change actions.

Foreign policy also presents major challenges in many areas, and is always unpredictable, but the growing threat of China, international terrorism and natural disasters omnipresent, Russia, North Korea, and many other issues are always on the front burner in the White House!

At this point, an objective observer would likely give Biden a B Minus, but with hope that it may rise to B Plus or A Minus grade by the end of the year, but sadly, if the major goals are not accomplished, and if voting rights legislation and criminal justice reform are not attainable, it could go down to the C range in judgment by experts and general public opinion!

Trump’s Tariff Wars Will Destroy Agriculture, Dramatically Raise Company Expenses And Prices, Cause Massive Consumer Price Inflation, And Rising Unemployment

Ronald Leave a comment

Donald Trump has announced a “Tariff War” against China, as the primary target, but also against most of our trade partners.

In so doing, he is guaranteeing a disastrous economy down the road.

In 1930, Herbert Hoover went along with the Smoot Hawley Tariff, and it helped make the Great Depression, which has begun months earlier, become an ever greater calamity.

But Donald Trump knows nothing about Herbert Hoover, and nothing about the effect of “tariff wars”.

So expect economic calamity, including American agriculture unable to sell their products overseas, causing a massive farm depression.

And expect that businesses will be harmed, and will start to raise prices, and those will be passed on to the consumers, all of us.

We will be paying a lot more for food, clothing, technology, and industrial goods of all kinds.

Also, many businesses, if they lose revenue, will lay off tens of thousands of workers, causing a massive rise in the unemployment rate.

And just today, the stock market reacted by losing nearly three percent, and dropping 724 points, and this will not be a one day phenomenon.

Donald Trump is destroying the revived and prosperous American economy accomplished by Barack Obama in his eight years in office.

It is almost as if he is purposely doing everything he can to wipe out the memory of our first African American President.

We have a very sick, demented President, and the nation is suffering, and will suffer ever more until he forced out of the Presidency, and it cannot come fast enough!