Joe Biden’s economy

Very false, false, very false, false, ultra false, very true.

"Tell a little truth with many lies"

Dio

Home values are up too — forgot to mention that one. Good if you already own a home, not so much if you don’t.

Do you own a home? Have you checked its value lately?

Do you have a job, a bank account, a 401(k)? How are those things doing in 2022 compared to 2020?

Have you taken note of the fact COVID cases and deaths are on a downward trajectory of late?

We’re cognitively biased to dwell on negative things rather than positive things, and we’re seeing that play out in the way many are looking at today’s economy.

Yes, but let me explain to you why my house went from 320k the purchasing price to 620k zillow price. Many people from California and New York have moved to my city escaping failed democrat policies. That is not a good reason for homes to go up on value. What good does ot do to me to sell my house now? So you have to put onto context your outrageous ignorant claims. I had a job before and still do, my job got worse after Biden, currently applying for new jobs. Still have a bank account and 401k just as before Biden, your question does not help you here, BUT my investments took a 60k drop, yes that is probably a lot more than you have in your bank but probably not as much as you have in debt. My statement states firm and true. You have proved nothing to defend your meme spreading misinformation and lies. Hey, you voted for Biden, you owe me 60k in investments and the extra money I have to pay now for goods including gas. Are you going to pay me what you owe me? Nope, I didn't think so.

Finally! Someone answered my question! For some reason I couldn’t get the Trump supporters who live in $15k mobile homes to respond.

If you live in a $620k home then you’re doing pretty well! Pat yourself on the back!

A primary home is an illiquid asset. So, appreciation on your home is difficult to realize, but you could take out a second mortgage due to that extra equity if you needed it. I’m sure you get a bunch of spam letters from banks offering to do just that.

Housing is local but can also be thought of as a nationwide market. Perhaps your new neighbors are fleeing “failed Democrat policies” — more likely they’re moving because housing in their area got pricey as well. If California and New York are losing residents but home values there are *still* going up, that speaks to basic supply-and-demand issues.

It’s true a lot of coastal communities have a self-defeating, anti-growth mindset about housing, but that holds across partisan lines. It’s entrenched homeowners deliberately throttling new growth to restrict supply and enrich themselves, basically.

I don’t know how you lost 60k, but my investments are up. If you mistimed the market or invested in risky volatile crap like gold (like a lot of right-wingers do) then that’s on you, buddy.

I changed jobs during the pandemic and now I make more. My industry wasn’t affected much. I consider myself fortunate — but, everything I said holds true on average. The average American is doing better in 2022 than 2020 and you can take that to the bank.

I do not speak for the majority neither do you. The large majority, and including myself, are getting wrecked by this bad economy. You are failing to see that out of pure pride. This is not a supply and demand issue. This is hyper inflation at it finest. Cheers, done wasting my time here.

Hyperinflation is inflation of 50% per month or more. We aren’t even close to that. All we have here is a crisis of hyperpartisanship and hyperbole.

Thanks for establishing both that you’re doing fine economically under Biden and don’t know what the hell you’re talking about.

Good day

Yup... liberals suck at economics...

I’m trying to find this mythical person who’s doing worse in the year 2022 than they were in 2020.

Is it you? Tell me about it!