
Trump 2.0 haunts world economy chiefs gathering in Washington before vote
THE world’s financial leaders are gathered in Washington, ostensibly to discuss technical stuff: debt, inflation, interest rates. What’s really on their minds is Donald Trump.
Good article.
They say people should be happy. They have no reason to complain. Housing, food, and insurance costs are huge, draining everyday people’s budgets. But hey, keep smiling and vote Biden/Harris because the gains are magnificent.
https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/
A quick look at the Board of Directors of EPI reveals their allegiance to the Democratic party. Hardly an independent, unbiased source. Just more fake news.
As always, there will be those who poo-poo the article, claim it was written by some LW rag, or call it a political hit job put out before an election.
Fact of the matter is, it’s math, and the numbers don’t lie. ![]()
Our country is doing great, The USA is by far the economic envy of the world, and it’s sad that there are Americans, for political reasaons or other, that simply hate that fact, or they simply refuse to admit the truth.
The highlights from article that Nick posted. @gromicko
Seven reasons why today’s economy is historically strong | Economic Policy Institute
Inflation-adjusted wages have reached a record high and have grown more rapidly.
Inflation-adjusted gross domestic product (GDP) growth is rising more rapidly.
The unemployment rate has been lower on average, including for nearly every group of workers.
The share of prime-age adults (those between the ages of 25 –54) with a job is higher on average.
Job growth has been faster both overall and for the private sector only.
The rate of new business formations is far higher.
The stock market—adjusted for inflation—is higher and has grown much more rapidly.
I concur, Brian. Biden has been able to skillfully legislate in the divided house.
The only thing our house can pass is huge spending. Notably wars and pork barrel spending. Funny how they can only agree on that.
I am just curious: far higher, better, faster than what? From when the oligarchs shut us all down?
The Economic Policy Institute is an independent, nonprofit think tank.
Take time to read some of the quotes next to the individual staff members.
Staff is staff.
Than any metric you want to put any of it up against during the Trump Presidency, not to mention any other country on the planet.
Feel free to post some links or charts of those metrics side by side that prove me wrong.
Point is, it is not independent as you state.
The Business Times – 25 Oct 24

THE world’s financial leaders are gathered in Washington, ostensibly to discuss technical stuff: debt, inflation, interest rates. What’s really on their minds is Donald Trump.
Vice-President Kamala Harris mostly represents continuity, while Trump is threatening to upend global trade even more than he did in his first term, by slapping tariffs of 60 per cent on China and as much as 20 per cent on everyone else.
The outcomes for policy are far enough apart as to be a source of “high uncertainty,” in the words of one top IMF official, at a time when the world economy is otherwise on track for a soft landing and investors are generally upbeat.
[quote="Kevin Leonard, CPI/CMI, post:14, topic:248359, username:kleonard”]
What’s really on their minds is Donald Trump.
[/quote]
Than any metric you want to put any of it up against during the Trump Presidency, not to mention any other country on the planet.
I am not sure what metric you are looking at. Here is the CPI. In what category did Biden outperform Trump? (you can click on any item and track it across both administrations)
Here is a screenshot of food, for example.
US Inflation Calculator | Easily calculate how the buying power of the U.S.... – 19 Jul 08
The Consumer Price Index (CPI-U) is provided by the U.S. Department of Labor Bureau of Labor Statistic and is used to measure inflation. The CPI is calculated and released monthly and powers this site's always-current Inflation Calculator, among...
How about real GDP? (fair to ignore the inverse Covid blips?)
Screen shot with Trump highlighted

In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022.
How about unemployment?
https://www.bls.gov/charts/employment-situation/alternative-measures-of-labor-underutilization.htm