Biden voters clinging onto the notion that he is an effective president is like the orchestra playing “Nearer My God to Thee” as the Titanic went down to its icy grave. — Fletcher
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4 comments:
How do you explain the current "Santa Claus rally" in the Stock Markets?
I'm hearing "Happy Days are Here Again."
A more apt analogy might be you and the other deniers (climate/election/health mandates) are simply re-arranging the deck chairs on the (sinking) Trump Princess.
Could the market being up be that Build Back Better is likely dead? Maybe also that omicron is not as severe as that scaremonger Fauci had us believe? Last idea … Biden is on vacation for a week … so he won’t screw things up for at least that short time?
Or maybe this from the White House:
"We’re ending 2021 with what one analyst described as the strongest first-year economic track record of any president in the last 50 years."
Didn’t the Orangeman predict that, coming out of the 2020 lockdown, that the economy would take off “like a rocket” which it did in Q1 and Q2 (7+%) … and $3 trillion in additional spending helped quite a bit too. However, Q3 was an anemic 2.4%. Q4 should be better because of strong Xmas sales (8%+) … but still Biden could have done even better had he not killed our energy independence, fanned 8+% inflation, did a better job with COVID and fixed our supply chain problems.
One last thought … 2+% GDP growth with 8% inflation is not really an economic expansion. It’s called stagflation … a word not mentioned in the White House puffery you quoted (dancing atop the news, are you?)
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