Leading economic indicators down for 29th straight month under Biden-Harris | Eastern North Carolina Now
worst since Jimmy Carter
It is the worst economic performance since Jimmy Carter. Under Biden_Harris, America's Leading Economic Indicators are now DOWN for the 29th straight month. Not only is the length of the downturn hit Jimmy Carter levels, but the actual number is down where it was at the height of the Covid lockdowns.
At the same time, Harris is proposing to move even further to the far left with price controls, like those that caused massive food shortages and rationing in socialist Venezuela and communist Cuba.
https://www.thegatewaypundit.com/2024/08/kamalas-plan-economic-destruction-unveiled/
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ONly an economic illiterate would not be familar with leading economic indicators. They have been compiled for decades by a non-partisan US-based international NGO The Conference Board, which has been around for over a century and is highly respected. The overall number for the leading economic indicators comes from a combination of ten different sets of data. They have an excellent track record of predicting trends in the economy. If you have passed high school economics you should be familiar with leading economic indicators.
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Market over 40,000. Right now. I think your numbers are coming from links. You should check on that.
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Anyone with a functioning brain can read the numbers and they speak volumes, but apparently that does not include Little Bobbie.
Most thinking Americans would take Ronald Reagan's handling of the economy any day over Jimmy Carter's. Ditto, Donald Trump's handling of the economy over Biden-Harris' economic record. Kamalonomics or Kamunism would be worst of all, sending us the way of Venezuela. |
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Actually it’s you who say that, not the numbers. The truth is, things could be better, things could be worse. History shows the democrats handle the economy as about as well as republicans. Both parties favor the rich
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The numbers say it all - Bidenomics has been as bad for the economy as Covid, and Kamalanomics or Kamunism would be worse.
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Trump did much better than "ok" with the economy. For example, under Trump America was for the first time in decades a net exporter of energy rather than a net importer. Under the bad energy policies of Biden-Harris, we are back to being a net importer, as well as having high energy prices that drive up the cost of almost everything.
The Fed's target on inflation is 2% and Biden-Harris are still fifty percent OVER their interest target. It was about one percent under Trump. Governors Ron deSantis and Kristi Noem had the right idea on Covid, following the successful path of Sweden, whose economy did much better than other western economies under Covid because they did not go Covid nazi. Totalitarian measures like lockdowns and mask mandates were avoided. Sweden even restricted use of mRNA vaccines among segments of the population most prone to the nasty side effects of it. For those who liked the experimental vaccines, it was TRump's Operation Warp Speed that got those produced. Trump's main problem in the pandemic was listening too much to Fauci. The Covid pandemic hurt Trump three ways politically. First it allowed the Democrats to hide Biden in his basement so that voters could not see his frailties. Second, it allowed crooked Democrat lawyers to use Covid as an excuse to mangle voting procedures to make fraud easier, like very problematic mail-in ballots. Third, it prevented Trump's effective rally-style campaigning. |
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Trump did ok with the economy until Covid. During covid, most all first world economies tanked. I think what lost it for Trump was his inability to deal with Covid. People saw him as an idiot and hit the ejection seat.
Inflation currently at 3%. We’ve turned that corner. Does anyone really want 4 more years of a guy who couldn’t handle a pandemic? Not me. |
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The pattern of the leading economic indicators is interesting. As soon as Trump took office, they started rising from the fairly low levels under Obama and stayed there until Covid hit, when they tanked. When Covid started going away, that euphoria led to a spike, but within a year, people started seeing the Biden-Harris inflation was not going to go away, and they started tanking again, down to where they were at the worst of Covid. If anything, that economic illiterate Kamala Harris may drive them lower.
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