Biden Presidency

[Polish Leppy 22]

GDP Growth:

https://finance.yahoo.com/news/gdp-growth-under-trump-compares-121008953.html

Average GDP growth rate was lowest under Trump than the previous six presidents.

Job "Growth"

https://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

Only president to end with less jobs than he started with.

Stock market growth

https://www.macrotrends.net/2481/stock-market-performance-by-president

Doesn't look so hot compared to the previous presidents (except GWB).

You conveniently left out unemployment and wage growth, but that's OK. Also not a clear analysis because only one of those presidents (Trump) had to deal with a global pandemic that crippled the world.

Obama inherhited a $hitshow in 2009, so I'm willing to remove that from the equation.

Our economy was firing on all cylinders pre covid, so I'd be interested to see these numbers with 2020 removed.

In all fairness, I don't think we'll be able to get a clear vision on Biden policies in 2021 due to Covid. He's walking into a bad situation due to Covid, not because of Trump. His policies will either make things worse or help business recover and grow, with the help of governors opening up which doesn't seem to be a roadblock now that Trump is out and Biden is in.

 

[Rogue219]

Racist

I can't get much whiter and punchier, but at least he never lost a football game to Vanderbilt.

 

[Cackalacky2.0]

Say good bye to private prisons.

 

[zelezo vlk]

Thank goodness.

Sent from my SM-J337U using Tapatalk

 

[drayer54]

Today's episode of things that are OK when Biden says it-

 

[notredomer23]

Today's episode of things that are OK when Biden says it-

You realize herd immunity was always the goal right? That's the only way this pandemic ends. Trump wanted to let it run its course and have the vaccine fill in the gaps with natural infection being the driver of immunity.. Biden has essentially inherited this approach because the damage was already done. Were Biden president, lockdown probably would have been relied on more, and maybe a few lives would have been saved, but herd immunity has always been the end to this.

 

[IrishLax]

You realize herd immunity was always the goal right? That's the only way this pandemic ends. Trump wanted to let it run its course and have the vaccine fill in the gaps with natural infection being the driver of immunity.. Biden has essentially inherited this approach because the damage was already done. Were Biden president, lockdown probably would have been relied on more, and maybe a few lives would have been saved, but herd immunity has always been the end to this.

This. Herd immunity isn't a strategy, it's an end result. The question was/is how you achieve herd immunity.

I went and pulled both WaPo articles, and neither has the content that was implied. The one from October is pre-vaccine and it's mostly about how disease is managed in livestock, with a corollary that achieving COVID-19 herd immunity through infections alone would lead to a lot more dead. The second one from December is talking about whether the "15%" herd immunity number is tangible and it talked about reinfections/the duration of natural immunity after infection.

Neither is "against" herd immunity as a concept or desired final result. This is a case of using a Trump graphic to get clicks, and having a weird headline (for the second article in particular).

 

[IrishLax]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The Justice Department will be required to end its use of privately run prisons under an executive order to be signed by Biden <a href="https://t.co/oeLdumzuR9">https://t.co/oeLdumzuR9</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/1354157693301366784?ref_src=twsrc%5Etfw">January 26, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

I challenge anyone to make the case that ending for profit prison industry would be a bad thing.

 

[BilboBaggins]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The Justice Department will be required to end its use of privately run prisons under an executive order to be signed by Biden <a href="https://t.co/oeLdumzuR9">https://t.co/oeLdumzuR9</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/1354157693301366784?ref_src=twsrc%5Etfw">January 26, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

I challenge anyone to make the case that ending for profit prison industry would be a bad thing.

Jobs!

 

[TorontoGold]

You conveniently left out unemployment and wage growth, but that's OK. Also not a clear analysis because only one of those presidents (Trump) had to deal with a global pandemic that crippled the world.

Obama inherhited a $hitshow in 2009, so I'm willing to remove that from the equation.

Our economy was firing on all cylinders pre covid, so I'd be interested to see these numbers with 2020 removed.

In all fairness, I don't think we'll be able to get a clear vision on Biden policies in 2021 due to Covid. He's walking into a bad situation due to Covid, not because of Trump. His policies will either make things worse or help business recover and grow, with the help of governors opening up which doesn't seem to be a roadblock now that Trump is out and Biden is in.

Unemployment's delta was roughly the same as Obama's (in the period subsequent to the recession and COVID), the wage growth stuff on the surface looks like Trump did a good job on that.

In terms of stock market performance you can look at this link https://www.macrotrends.net/2481/stock-market-performance-by-president and see where the pandemic hit for Trump. At that point Obama/Clinton were still ahead, without the pandemic.

The states with good vaccine rollout were always going to rollback restrictions once the vaccinations were up and running. The revisionist history on this is laughable, if Trump was still in power it would be "States opening up much faster due to strong Trump vaccine plan". So which one is it, the vaccine rollout has been relatively strong (credit to Trump's warp speed plan) or the Dem governors all feel that they can stop lockdowns now because Trump is gone?

 

[Cackalacky2.0]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The Justice Department will be required to end its use of privately run prisons under an executive order to be signed by Biden <a href="https://t.co/oeLdumzuR9">https://t.co/oeLdumzuR9</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/1354157693301366784?ref_src=twsrc%5Etfw">January 26, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

I challenge anyone to make the case that ending for profit prison industry would be a bad thing.

What will Bill Bars foot soldiers at the BOP do?

 

[drayer54]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The Justice Department will be required to end its use of privately run prisons under an executive order to be signed by Biden <a href="https://t.co/oeLdumzuR9">https://t.co/oeLdumzuR9</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/1354157693301366784?ref_src=twsrc%5Etfw">January 26, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

I challenge anyone to make the case that ending for profit prison industry would be a bad thing.

Such a good thing you think they could do it with a bill.

 

[IrishLax]

Such a good thing you think they could do it with a bill.

Are you actually complaining about an executive order being used exactly how executive orders are intended to be used just because Biden did it?

 

[GoIrish41]

Such a good thing you think they could do it with a bill.

Trump didn’t reverse the policy with a bill.

 

[ab2cmiller]

It should be done with a bill, but unfortunately too many congressman with ties to special interests makes it unlikely. Big money talks.

 

[Polish Leppy 22]

Unemployment's delta was roughly the same as Obama's (in the period subsequent to the recession and COVID), the wage growth stuff on the surface looks like Trump did a good job on that.

In terms of stock market performance you can look at this link https://www.macrotrends.net/2481/stock-market-performance-by-president and see where the pandemic hit for Trump. At that point Obama/Clinton were still ahead, without the pandemic.

The states with good vaccine rollout were always going to rollback restrictions once the vaccinations were up and running. The revisionist history on this is laughable, if Trump was still in power it would be "States opening up much faster due to strong Trump vaccine plan". So which one is it, the vaccine rollout has been relatively strong (credit to Trump's warp speed plan) or the Dem governors all feel that they can stop lockdowns now because Trump is gone?

It's not possible for anyone to see these numbers from the Bureau of Labor Statistics and say Obama and Trump had basically the same unemployment.

https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm

Stock market hit 30,000 under one president, and his name wasn't Obama.

You really wanna credit the vaccine rollout to two of the largest US states (CA, NY) just now reopening everything with Trump gone? Sorry, not buying it. Those governors made their citizens suffer for a year because it helped them get Trump out.

 

[TorontoGold]

It's not possible for anyone to see these numbers from the Bureau of Labor Statistics and say Obama and Trump had basically the same unemployment.

https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm

Stock market hit 30,000 under one president, and his name wasn't Obama.

You really wanna credit the vaccine rollout to two of the largest US states (CA, NY) just now reopening everything with Trump gone? Sorry, not buying it. Those governors made their citizens suffer for a year because it helped them get Trump out.

You're right. Because my argument was that Trump basically had the same delta as Obama (delta means rate of change btw).

So was Obama better than all presidents before him? GW? Clinton? This is just straight up illogical.

Yeah, I agree if Cuomo and Newsome had of taken the DeSantis approach then CA/NY would have swung to the GOP. Totally sane argument LOL Big Aubrey Huff fan???

 

[BilboBaggins]

You conveniently left out unemployment and wage growth, but that's OK. Also not a clear analysis because only one of those presidents (Trump) had to deal with a global pandemic that crippled the world.

Unemployment doesn't show any noticeable Trump impact either...and I assume we don't need to discuss the fact that wage growth happens in a tight labor market, right? I'd just like to see some specific policies that directly lifted the wages of lower/middle class Americans....I have a feeling that police is "voila! 4% unemployment, the secret recipe!"

Obama inherhited a $hitshow in 2009, so I'm willing to remove that from the equation.

If we're going to remove 2009 and start in 2010, well then "Obama's" manufacturing numbers would look terrific:

But of course the real answer is that China's rising wages and the US falling energy prices due to fracking started encouraging manufacturers to relocate and/or expand in the US instead of Asia. There were plenty of articles in 2013/2014 about the manufacturing resurgence that industrial site selectors were noticing.

I wouldn't give Obama a ton of credit for fracking and China's middle income issues, just as I wouldn't heap a huge amount of praise on Trump for tariffing the hell out of industrial inputs like steal.

Fact is, Presidents' impact on the overall economy is much grayer than people who argue politics like to suggest.

You mentioned Trump and credit for the rising stock market (which was at a record high the month he took office lol) but you left out the impact of the Fed's interest rates decisions making bonds and savings accounts dreadful invests and therefor pushing investments into stocks and real estate.

 

[BilboBaggins]

Bilbo Baggins
Buster Bluth
Hmmm....

Just a coincidence that the join date is the same month as the election? Probably not.

I dunno who that guy is but he sounds like the smartest guy in the room.

 

[Blazers46]

So in NM here we had a RED, YELLOW, GREEN model to follow in regard to opening schools and such. Totally scaped that idea today and all schools can now reopen Feb 8. Has even my local liberal friends questioning this move since we are all technically still in the red according to the wizardly science we have been following and all of a sudden that science is no longer a thing. Did science change in the last week or did something else big happen in the last week....

 

[ulukinatme]

I dunno who that guy is but he sounds like the smartest guy in the room.

I initially thought you were part of the Great Banning of 2018, but I forgot you requested deletion

In any case, welcome back. Enjoy the next 4 years.

 

[TorontoGold]

I initially thought you were part of the Great Banning of 2018, but I forgot you requested deletion

In any case, welcome back. Enjoy the next 4 years.

Remember when ya thought I was him

 

[NorthDakota]

I initially thought you were part of the Great Banning of 2018, but I forgot you requested deletion

In any case, welcome back. Enjoy the next 4 years.

I think Buster came back under an alternate account and got banned for breaking a forum rule for doing so? Or was that someone else

 

[ulukinatme]

Remember when ya thought I was him

I wouldn't put it past you to create a 2nd sock in case your first was banned, Buster!

I'm still not convinced you're a brand new poster, I think you probably have previous ties to the board. If that's the case I don't really care who you previously were, to be honest, because if I had my way nobody would need to be banned permanently. Some people just can't seem to follow the rules though, and as a result I don't fault the mods one bit for giving a few people the boot to preserve the peace. You can only give people so much rope before they hang themselves with it. It would be easier if everyone could just follow the simple rules, that's what I really wish for.

I think Buster came back under an alternate account and got banned for breaking a forum rule for doing so? Or was that someone else

I went back to check the Banned thread to refresh my memory and Whiskey mentioned at that time that Buster requested account deletion. I completely forgot because there were a handful of bans around that same time. The only person I know for sure tried to come back under an alternate account was IrishPat because we got the confession out of Koon for setting him up with it...and now Koon is gone too.

We've lost so many <S>good</S> men.

 

[BilboBaggins]

I went back to check the Banned thread to refresh my memory and Whiskey mentioned at that time that Buster requested account deletion. I completely forgot because there were a handful of bans around that same time. The only person I know for sure tried to come back under an alternate account was IrishPat because we got the confession out of Koon for setting him up with it...and now Koon is gone too.

We've lost so many <S>good</S> men.

Actually you're both right. I made an account when I was like a freshman in college, it maybe had like a dozen posts or something, and then abandoned it because I was busy and tbh the name was vanilla. So I ran with Buster for like 6+ years and had like 10,000+ posts, then requested a ban to cool off. The Trump Era was not for me, let's just put it that way. But I don't think I finished my arguments so I guessed my password from the forgotten account and got in a few more jabs and was banned for having multiple accounts...which I guess was *technically* true...if one wants to ignore the six years and 10,000+ posts as Buster and that I never used both simultaneously.

I wasn't sure if I should be reincarnated as Tobias Funke, or stick with the BB and claim another fictional character.

So, I really don't know if I've been permabanned tbh. Is it too late to send 2,000,000 vbucks to Trump for a pardon? lol

 

[ulukinatme]

I don't know about Bilbo Baggins. I always saw you more like a Boromir...part of government, but not at the top of the food chain and just a carry over Hey, maybe this is your redemption arc too!

<iframe width="560" height="315" src="https://www.youtube.com/embed/dc6aciIhO6c" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

One of the coolest moments in the trilogy.

 

[Ndaccountant]

Actually you're both right. I made an account when I was like a freshman in college, it maybe had like a dozen posts or something, and then abandoned it because I was busy and tbh the name was vanilla. So I ran with Buster for like 6+ years and had like 10,000+ posts, then requested a ban to cool off. The Trump Era was not for me, let's just put it that way. But I don't think I finished my arguments so I guessed my password from the forgotten account and got in a few more jabs and was banned for having multiple accounts...which I guess was *technically* true...if one wants to ignore the six years and 10,000+ posts as Buster and that I never used both simultaneously.

I wasn't sure if I should be reincarnated as Tobias Funke, or stick with the BB and claim another fictional character.

So, I really don't know if I've been permabanned tbh. Is it too late to send 2,000,000 vbucks to Trump for a pardon? lol

I say this in jest, but I think your new name should own the fact that you abandon ship when the tide turned towards Trump. I vote for Horatio Gates.

 

[NorthDakota]

Actually you're both right. I made an account when I was like a freshman in college, it maybe had like a dozen posts or something, and then abandoned it because I was busy and tbh the name was vanilla. So I ran with Buster for like 6+ years and had like 10,000+ posts, then requested a ban to cool off. The Trump Era was not for me, let's just put it that way. But I don't think I finished my arguments so I guessed my password from the forgotten account and got in a few more jabs and was banned for having multiple accounts...which I guess was *technically* true...if one wants to ignore the six years and 10,000+ posts as Buster and that I never used both simultaneously.

I wasn't sure if I should be reincarnated as Tobias Funke, or stick with the BB and claim another fictional character.

So, I really don't know if I've been permabanned tbh. Is it too late to send 2,000,000 vbucks to Trump for a pardon? lol

Welcome back...unless the board bans you, in which case, eat shit commie.

FWIW when you see the light and come back to the Republican Party I'll grant you asylum in ND after I become governor in a decade or so.

Should've known it was a young guy way too comfortable on the board when he sent me a DM about deus vult being a 4chan code or something along those lines.

 

[Legacy]

US Trade Deficit With China and Why It's So High (The Balance)

By July, the U.S. trade deficit with China was the highest since 2008 with American biggest demand of U.S. imports from China are typically computers; cell phones; apparel; and toys, games, and sporting goods while U.S. exports have flagged. Foreign-trade gap in goods and services expanded 19% from June, with monthly goods deficit at widest level on record.

By October, the Commerce Department reported Tuesday that the gap between the goods and services the United States sells and what it buys abroad climbed 5.9% in August to $67.1 billion, highest since August 2006. Exports rose 2.2% to $171.9 billion on a surge in shipments of soybeans, but imports rose more — up 3.2% to $239 billion — led by purchases of crude oil, cars and auto parts.

China's economy is humming principally from manufacturing while the government has taken steps to reduce consumer spending. Lockdowns on outbreaks of the coronavirus including spots that have cropped up since the initial infection in Wuhan have made it safer to return to "business as usual" for China.

Most Major Economies Are Shrinking. Not China’s.
The Chinese economy grew 2.3 percent last year, the country’s National Bureau of Statistics announced on Monday in Beijing. (NYTimes)

China’s strength seemed improbable a year ago, when the virus emerged in the central Chinese city of Wuhan. As travel and business ground to nearly a halt, the economy shrank 6.8 percent in the January-March period compared with 2019, the first contraction in nearly half a century.

Since then, the economy has improved steadily, finishing the year with growth of 6.5 percent in the last three months compared to the same period in 2019. While the recovery remains uneven, factories across China are running in overdrive to fill overseas orders and cranes are constantly busy at construction sites — a boom in exports and debt-fueled infrastructure investments that is expected to drive the economy in the coming year.

Exports and infrastructure fueled much of the growth over the past year. China’s exports grew 18.1 percent in December compared with the same month a year earlier, and were up 21.1 percent in November. Fixed-asset investment in everything from high-speed rail lines to new apartment buildings climbed 2.9 percent last year.

Both are expected to power the economy in 2021.

The Return of Big Chinese Surpluses (And Large U.S. Deficits) (Council on Foreign Relations)

These are “real” imbalances too—over the last 12 months, China generated a $1 trillion surplus in manufactures off around $2.3 trillion in exports. In July, China generated a $110 billion surplus in manufactures off $230 billion in exports—so even counting imported parts, China is getting close to exporting $2 worth of manufactures for every manufactured good it imports. And the United States roughly $1 trillion U.S. deficit in manufactures comes off around $2 trillion in manufactured imports, so the U.S. exports a dollar in manufactures for every two it imports.

To keep exchange rates for the yuan low, China buys U.S. debt and is second only to Japan with 15% of all federal bonds.

 

[Irish#1]

Joe immigration order gets blocked. 14 day restraining order so it can run through the courts.

https://www.texastribune.org/2021/01/26/texas-joe-biden-deportation-moratorium-ken-paxton/

Federal judge temporarily blocks Biden's 100-day deportation moratorium after Texas sues administration