'Trickle-down approach failed America’: Hayes on the Biden case for ‘Bidenomics’
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- Опубликовано: 29 сен 2024
- Chris Hayes: “This is one of the most impressive macroeconomic interventions in recent American history-and if we end up in 2024 with these trends continuing, Joe Biden has one of the best economic stories to tell of any president in the last century.”
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#msnbc #biden #economy
Trickle Down Economics did NOT fail. It greatly widen the wealth gap just as it was designed to do.
The poor did better under Trump's economy than Biden's. Just look at the inflation rate
💯🎤💥 Well said.
Look at Trump's face I see a big fat word "DUMB".`
Oof. Harsh and true.
Oh, you're so cynical.
And intelligent.
How come I've noticed that whenever a Democrat is in charge it seems like the ECONOMY is more robust and vibrant?
Even Trump once admitted that
Because it is. I have no idea how the republicans always get away with running on the economy. When, in fact, they always run it into the ground when they have the power. And that is despite them trying to run it into the ground when the Democrats are in charge.
@@jockyoung4491 : So tRUMP actually isn't as stupid as he looks and acts.
The economy is in shambles right now. It was booming in 2019
@@zo9632 Baloney Baloney Salami
Chris is making excuses for Joe Biden's failures.
You mean trump's failures!! 🙄
what failures? be specific.
@Noreb Border Afghanistan inflation high gas prices spy balloons Ukraine high-interest rates.
What failures? HES DOING A GOOD JOB!
Meanwhile back in the real world.
Biden Achievements in only 2 year's
Brockered bipartisan Debt ceiling passed
Chips Act
Inflation Reduction Act
PACT Act
Climate Bill
Safer Communities Act - gun safety bill
Jobs and Infrastructure Bill - road's, bridges, rail, airports, replacement of lead pipes
Manufacturing Plan - boost American energy independence, expand domestic manufacturing of clean energy goods
Omnibus Bill
Student loan relief
Violence against Women Act
Cap on big pharma price gouging out of pocket prescription costs.
Cap on Insulin
American Rescue Plan
Expand mental health services
High speed internet access for rural areas
Lowest unemployment rate
Inflation falling 11 months in a row
Respect for marriage act
Protect LGBTQI rights
Record jobs growth every month for the last 14 months.
Veterans impacted by burns pit.
Republicans control the House what are their policies or legislative agenda to fix it? Oh wait my bad they're looking for missing informants and too busy to do the work of Government.
❤ love it ! Just need inflation and hopefully rent to drop some..
You've had too much of the Kool-aide. lol
It won't drop much more than it has, inflation started due to supply shortages because of the pandemic but now those shortages are gone but since the price of everything went up at the same time, the bottom line went up and now there is more profit to be made by keeping the line there. If companies lower there prices they will make less money and from Apple to Google to some guy who owns an apartment building, nobody want's to make less money. Expecting prices to drop is unrealistic, best we can hope for is they don't go up anymore.
HAHAHAHAHAHAHAAAAAAAA!!!!!!
Enjoy poverty and WWIII.
@kraigstclair2841 So, didn't you just answer your own question?
Renters are going to overcharge just like every other rich person
The eighties was awesome, trickle down worked! I was there!
It worked for wealthy people. Poor and middle class, not so much. Check the poverty and crime rates during that time.
Bullcrap
The economy didn't grow because of trickle-down economics, it grew for the same reason it shrank in the years before Reagan's term. The Fed pushed the economy into a deep recession with astronomically high interest rates to get inflation under control. When the Fed cut rates, the economy would've surged without ANY actions from the president or Congress.
@@eatmorenachos The Fed is, supposedly, a public/private partnership but it sure does seem as if it exists to shovel money to the rich.
The Trickle down crack pandemic that’s what happened in the 80’s
We knew 40 years ago that "trickle down" was a scam. I mean who says "I think I'll give all my money to rich people and hope they piddle some back down on me from above"?
Trickle down isn't even a real economic theory.
Right?!
VOTE OUT TRUMPISM ONCE AND FOR ALL GO BIDEN
Reaganomic's?
Bushanomic's?
tRUMPanomic's?
No one ever said that. I say bidenflation. TRUMP2024 🇺🇸
Hey Joe where’s my ten percent
“Trickle down” Like a rich person is taking a leak on you.. with a weak stream😂😂😂
It's not gravy
If someone wants to urinate money on me they can go right ahead.
AMEN VOTE FOR THE DEMOCRATS
That’s why they call the rest of us “peons”.
@@ShawnHartmann-ul2qk Very good
We need single payer heath care too!
We can't get Healthcare now . 3 to 6 months to see a specialist. How do you propose we pay for this? Raise taxes on the rich? Think you may have cancer sorry can't get an appointment for 3 months and now we have all of these illegals to pay for?
No we don’t. We need employers to match our payments. Universal healthcare is lower in quality than private. Options are good.
@@Nop3.1 Even if that were true (which it’s not), the quality doesn’t matter if many people can’t afford it to use it
Will Rogers: "Water tickles down, money trickles up."
More like ... Republican economic policies, including taxes, shovels it up -- w/a giant shovel.
@@suezbell1true
It's not red vs blue it's the one percent vs you. RFK or Cornell West for president.
Maybe it would work if the left wouldn't keep raising the taxes back up every time they got power. It needs time to work, but never gets the time. The left has run manufacturing out of the country with their great policies and no business is going to change the way they do anything unless they see stability. That never happens because the left won't leave the tax rates alone for them.
Only 124 likes for the most popular President in history? Something don't add up. 🤔
That would be your brain
What doesn't add up is that you think the number of likes on a random news clip is supposed to correlate with the overall popularity of who the clip is about.
Nothing changed under Biden just like he promised his donors except a new war to fund and he literally tried to create a ministry of truth. RFK or Cornell West for president
yes, your ability to tell time.
your parents failed you miserably. so sad.
Why don't you worry about your own country, comrade? It's about to crash and burn with Putin driving it into the dirt.
Bidens interview being at 3pm central lol bc he is only available from 12 to 4 😂
😅😅😅😂!!!
and yet, look at his success rate.
Yet in four hours, Biden gets more done for the American people than his predecessor accomplished in four years. 😆 He's really an amazing man, if you think. But we already know that you don't.
And still achieves more than Atgolf Twitler did in 4 year's 😂😂 You can't make this stuff up.
Republicans control the House what are their policies or legislative agenda to fix it? Oh wait my bad they're looking for missing informants and too busy to do the work of Government.
Biden Achievements
Brockered bipartisan Debt ceiling passed
Chips Act
Inflation Reduction Act
PACT Act
Climate Bill
Safer Communities Act - gun safety bill
Jobs and Infrastructure Bill - road's, bridges, rail, airports, replacement of lead pipes
Manufacturing Plan - boost American energy independence, expand domestic manufacturing of clean energy goods
Omnibus Bill
Student loan relief
Violence against Women Act
Cap on big pharma price gouging out of pocket prescription costs.
Cap on Insulin
American Rescue Plan
Expand mental health services
High speed internet access for rural areas
Lowest unemployment rate
Inflation falling 11 months in a row
Respect for marriage act
Protect LGBTQI rights
Record jobs growth every month for the last 14 months.
Veterans impacted by burns pit.
@@NorebThey never let facts get in the way of their feelings.
Some of Biden Achievements in 2 year's
Brockered bipartisan Debt ceiling passed
Chips Act
Inflation Reduction Act
PACT Act
Climate Bill
Safer Communities Act - gun safety bill
Jobs and Infrastructure Bill - road's, bridges, rail, airports, replacement of lead pipes
Manufacturing Plan - boost American energy independence, expand domestic manufacturing of clean energy goods
Omnibus Bill
Student loan relief
Violence against Women Act
Cap on big pharma price gouging out of pocket prescription costs.
Cap on Insulin
American Rescue Plan
Expand mental health services
High speed internet access for rural areas
Lowest unemployment rate
Inflation falling 11 months in a row
Respect for marriage act
Protect LGBTQI rights
Record jobs growth every month for the last 14 months.
Veterans impacted by burns pit.
Bideonomics is already a proven failure. 26 months straight of lower real wages. Hello.
....literally all the data says the opposite..
Wages are up nimrod.
@Noreb
No it doesn't
@@Mankind_-
No they're not lol
@@YankeeDoodle2 yes.. it *LITERALLY* does.
😂😂😂😂 Dude You Are High As F !!!!!
Well 40 years of Reaganomics is the reason the middle class or working class is living paycheck to paycheck and our younger generation can't afford houses, healthcare, and higher education.
Really? I thought it was because people blow every dollar they make. That’s got nothing to do with the economy and everything to do with inability to manage money.
@@Nop3.1 The problem is not poor people being bad with money. EVERYBODY is bad with money, yes even rich people lose a lot of money sometimes. The problem is that the system favors rich people over poor people. That's what Reaganomics is, tax breaks, corporate subsidies, bank bailouts, all favors rich greedy corporations. Inflation is not the cause of poor people. In fact, when people buy things, no matter how insignificant you think it is, that helps the economy grow. So don't complain about people buying things that are not "important", it helps the economy and it helps the rich get richer. The second problem, is that the poor doesn't get richer, the poor get poorer because wages have been stagnant for decades and is not keeping up with inflation. Yes it's been happening since Ronald Reagan implemented this law in the 1980's.
@@Sintorace Here’s an idea, move somewhere nicer with a lower average living cost.
@@snoozy04 the poor get poorer because their wages go down and they refuse to better themselves and get a better job. Only the mega rich use illegal means to save money. Your average person in their 70s with 4 million dollars got that way because they were ambitious and smart with money. Most of the rich started out broke just like everyone else. There’s an estimated 20 million millionaires in the US and 75% of them are self made. It can be done. Poor being bad with money is only one part of the problem. Lack of motivation to be anything but poor because it’s too hard to be ambitious plays a huge role in it as well.
@@Sintorace there’s a lot more to America than overpopulated cities where the average median is $800,000.
A straight line, okay dude. Strengthen your eye prescription
Yeah...Trickle down economics was the failed belief that if you give money to rich people they will spend more money than they were going to anyway.
Most of them added it to their offshore bank accounts for that rainy day things like Trickle Down economics causes.
Bubble up economics though...Giving money to people who have things they wanted to do if only they could afford it...Of course that works.
You give money to someone who actually needs it and they are going to spend it.
Even if they just treat it as found money and buy that big screen TV they always wanted, they will spend it.
And that creates more demand which creates more jobs which creates more revenue for roads and bridges and social services, etc.
Bubble up always works for America.
Trickle down only works for foreign banks.
You have to wonder why the GOP would want to take American money out of America?
Both parties are owned by corporations. RFK or Cornell West for president.
@@heatherweeks7944 Nope.
Even if you were correct, history shows that Dems improve the economy and Reps tear it down.
I'll go with what works for America.
I absolutely will not vote for Trump 3.0 or 3.5.
I wish no-one had voted for 2.0. He was worse than his dad, 1.0.
There was a time when the Reps were the good guys. For some reason the two parties started switching philosophies after Lincoln and finished the process around the 60's and 70's.
The party of Lincoln today is the Dems.
The Reps betray everything their party once stood for.
It makes me sad.
They took the money and business out because people like Obama ran them out with over regulation and high taxes. Manufacturing fled during the Obama years with his gestapo like EPA making life too difficult for many business' to operate. So, blame it on the left.
As far a trickle down goes, it never gets the chance to work because, again, the left gets power and raise the tax rates up again, causing the business word to revert back to their old ways. They need stability before they make large investments. The left refuses to allow that.
It works for the wealthy, too. That's why you see them buying back stock, rather than putting that money back into the economy. That's why you see them flying the privileged into space, rather than putting that money back into the enrichment of America and the economy. That's what "trickle down" got us. It got us people who are wealthy enough to do the incredible for themselves and their buddies, rather than investing in America and the people who got them to where they are.
@@heatherweeks7944 all politicians are under the influence of the wealthy.
Yes I love getting a 3% raise while inflation is double that. My friends are getting laid off. It’s economic malaise out there.
This clip is so out of touch with the middle class it isn’t even funny.
@@handsomekent9285😂😂💯🎤🔥
@@handsomekent9285 This has nothing to do with Trump. I didn’t vote for him in 2016 or 2020. Biden is horrendous. Disappointing but not surprising
Trump 2024
Everyone’s standard of living has declined under Brandon.
@@handsomekent9285 Go hug your boyfriend clown.
It's not red vs blue it's the one percent vs you. RFK or Cornell West for president
Brandon's has gone up because he gets dirty money from overseas. Hopefully the House will take care of this.
@@JC-tq8gm Projecting again?
maga is a mental illness.
My biggest concern is that the gains in the economy are lopsided towards the top (and the bottom, which is a good thing), but the middle class is stagnant or even regressing when factoring in inflation, so middle class voters just won't see it the same way as it's being presented. Dems need to point to specific things that are saving middle-class voters money. This messaging needs further refinement.
It's not red vs blue it's the one percent vs you. RFK and Cornell West want to end the war, censorship, the corporate takeover of our government and free Julian Assuage RFK.
The left hates the middle class and has always done so. Obama nearly destroyed us with his Obamacare business and taxes, then Biden tries to out do him. Only the poor and the rich do well when blue politics make the policies.
There is nothing the dems do to help the American people. They hate America. This channel is just a mouthpiece for the dems. Totally biased and stupid.
26 months straight lower real wages. Bidinomics only helped rich 1% and hurt the lower end the most then middle.
@@Channel--Ai typo, you meant to say "trickle down economics"
Alotta delirious ppl in the comments including the anchor. If you think he’s done a good job plz stay home during voting season! Proof is shown everyday and rarely ppl are discussing him and his influences on china but this is why I tend to leave politics alone. Including the news
Go ask the 250,000 + homeless people in California how great the economy is going
Call it what you want, but 4 years ago life was better in America. You can make up your own opinions but you can’t make up your own facts.
I believe 4 years ago millions of people were dying of covid. Are you on the same planet?
Not only in America. I don’t recall people falling from planes in Afghanistan trying to flee or a proxy war in Ukraine four years ago but hey everyone has their own vision of moor gooder, no joke man.
Like you'd let facts get in the way of your feelings 🙄
We hap peace and prosperity. That not what we have now.
4 years ago Trump was coasting off the success of Obama and bidens economy. While actively taking steps to ruin that economy.
Decades of the entitlement industrial complex has failed America. The debt hasn't even decreased since 1957.
🧂
yes - but how much as the economy grown and expanded since then?
Yeah, the case for bidenomics. The basket case. Like a basket of food cost ten times more now.
You don’t understand stuff much, do you?
EVERYTHING does!!!!!! I can't believe the number of USEFUL IDIOTS that still support the dementia-addled puppet!!!!!
Republicans control the House what are their policies or legislative agenda to fix it? Oh wait my bad they're looking for missing informants and too busy to do the work of Government.
@@hojichaisfarsuperiortochai9309 we understand rampant inflation, thanks.
@bryanmannoia8410 world wide inflation. Let me guess orange Jesus would fix that huh?
What about briberynomics
Rudy had a laptop everyone bypassed on top.
@@anewleaf6847 really?
@@Noreb good huh?
@@anewleaf6847 im not a fan of make believe personally.
@@Noreb so wake up to reality...
Middle Out..
Bottom Up...
EXPLAINED:
that would make Bottom the Middle also... & the Top would be the Top...
Bottom would Not Exist....
We would be Communists....
We have millions of illegals that have entered our country. Is anybody concerned about the strain they are going to put on our economy? Alot get paid under the table so no income tax. Are the taking or giving to society. How many came ready as a doctor, teacher, surgeon or office worker?
No they haven't Trump said he Built the Wall and got Mexico to pay for it. Republicans control the House what are their policies or legislative agenda to fix it? Oh wait my bad they're looking for missing informants and too busy to do the work of Government.
Irrelevance in chief 😂😂
Brought to you by The Woke Left: The Indoctrination Station!
😂😂🤣🤣 Whatever makes you feel less insecure 😂😂
We prosper under Democratic rule and suffer during Republican rule. This should come as no surprise. We had a big boom in the economy when unions negotiated for better wages and benefits. We had a true middle class. Now we have the truly wealthy, the comfortable and the struggling lower wage people. This is the problem. The Republicans don’t believe in improving lives but lowering our expectations.
Yeah we,ve really been prospering under Joe Biden haven't we Nope in my lifetime it has been the exact opposite Prosperity under Republican not Democratic party rule don't know what planet you,ve been living on.
It's not true. People are struggling more than ever under Biden bc of his decisions.
Biden broke the railroad workers strike. It's not red vs blue it's the one percent vs you. RFK or Cornell West for president.
Gosh, I thought super high gas prices were bad. Same with super high grocery prices. I've always understood a closed border was the right policy. Same with low crime. I would never have let my young ones have adult materials in their classrooms or allow dudes in dress to entertain them. I was so mixed up and now you have educated me on what prospering means!!!!
Really? Carter was ineffective and he's what led to Reagen|Bush Sr. Those two led a prosperous 80s economy until Dems took Congress in '86 and fostered the early 90s recession. GOP took Congress in '94 and gave US prosperous economy until 2006 when Dems took Congress and fostered the 2008 Recession. GOP took Congress in 2014 and gave America a prosperous economy until Dems took Congress in 2020 and fostered Bidenflation.
Bidenomics........lol.......MSNBC nice spin but the economysucks...
Thank you President Biden! Thank god he got elected!! Can’t wait to vote for you again and have you in well deserve in the Oval Office where you belong !!!
Higher health, food and electricity prices will keep increasing, Accourding to economic official's,
I knew that "trickle down" crap was bullsh*t when they taught us about it at University clear back in the late 80s!
No university taught "trickle down." It's not a real economic theory. No economist has ever proposed such a thing.
@@reason6835 Shut up. The concept was covered at my University. You're not the smartest a-hole in the room. You just think you are.
@@reason6835
Trickle-down economics is not an economic theory? Why don't you ask Reagan's boy, Arthur Laffer, the godfather of trickle-down economics, about the Medal of Freedom Trump gave him for his contributions in the field of economics.
@@hemihead6645 Arthur Laffer didn’t propose “trickle down” economics. He discovered the Laffer Curve which is a true economic principle. It has nothing to do with giving rich people more money so it will trickle down to poor people.
I challenge you to find an economist who has ever proposed such a theory.
Here I thought that trickle down part was a bit yellow colored if you get my drift.
"Highest growth and lowest inflation for all G7 countries."
"After the Inflation Reduction Act was passed, inflation reduced!"
Canada looks pretty good on those charts too
Bidum has destroyed the economy but the four eyed demon wont go into that 😂😂😂😂
"Destroyed" it for whom? The wealthy? Don't blame everyone else for your ignorance. Blame the republicons for that. They are gutting the public education system so their followers can't think for themselves and will buy all the bull💩they are shoveling.
I adore sleepy Joe❤️🙏🙂
Hey radhats, tell Dark Brandon to "go" one more time! I dare you! 😁😁😁
joe biden has destroyed the usa,you adore a thief who sold out the usa to the highest bidder
Vote Democrat
REPLACE THE JOEBOT WITH A REAL HUMAN..
We love you brilliant President Joe Biden 💙🇺🇸 Thank you😊
Credit Biden for your food costs
This countries 9 lives are at it's end.
REPUBLICANS ARE THE MOAN AND GROAN PARTY ! PAB s
Thanks Vlad. We know that's true where you come from.
@@cecilelaforce3686 That's pretty funny.
President Biden is awesome 🇺🇸
Over 65pct of America disagree 😂😂
He's probably the worst president of all time.
@@PrettyGoodLookin Trump holds that honor, seriously, he's ranked 2nd worst of all time.
@@Jerry-tv4bg 48% approval, Rasmussen poll just today. Rasmussen is right leaning.
I guess you like war and censorship I don't. RFK or Cornell West for president.
Bidenomics! Thank goodness for president Biden
They need to take you're voting rights away peanut brain.
Blah blah blah!
Biden-Omits!
Printing trillions and trillions and trillions of dollars in less than 2 years is never a good idea
No, the Fed quickly printed $3 trillion at the start of COVID, then printed an additional $1/2 trillion til the end of Trump’s term. Under Biden they printed about $1.5 trillion, and have now started decreasing the money supply by a small amount to fight inflation. You are reading the MAGA GOP House blog and not looking up facts.
glad to hear you dont support the trump tax cuts.
Meanwhile back in the real deal
Biden Achievements in only 2 year's
Brockered bipartisan Debt ceiling passed
Chips Act
Inflation Reduction Act
PACT Act
Climate Bill
Safer Communities Act - gun safety bill
Jobs and Infrastructure Bill - road's, bridges, rail, airports, replacement of lead pipes
Manufacturing Plan - boost American energy independence, expand domestic manufacturing of clean energy goods
Omnibus Bill
Student loan relief
Violence against Women Act
Cap on big pharma price gouging out of pocket prescription costs.
Cap on Insulin
American Rescue Plan
Expand mental health services
High speed internet access for rural areas
Lowest unemployment rate
Inflation falling 11 months in a row
Respect for marriage act
Protect LGBTQI rights
Record jobs growth every month for the last 14 months.
Veterans impacted by burns pit.
Name one specific policy Trump enacted in 4 year's other than permanent tax cuts for billionaire's and corporations.
Average 50-year US inflation rate is 3%. The 2023 inflation rate is 4% and falling. Average 1948-2010 GDP growth is 3%. The 2023 GDP growth is a little slow at 1.6, but jobs growth is astronomical. These are the 3 basic tenets of economy! Whoever says the economy is bad is a liar!
Well, we all can't use our influence as elected officials to sell policy and shake down foreign governments like you joe.
Ivanka
@@e.blue37 when was she elected to anything?
BIDEN screamed No to the CNN REPORTER. THE QUESTION ONCE AGAIN ABOUT HIS SON😅
How's those make believe audio recordings coming? Nothing? How about those make believe whistleblowers? Nothing? You guys are ridiculous.
You must be glad he didn't politicize DOJ and have the Trump appointed Special Prosecuter removed from his son's case. No fixing stupid but the cheap Red Hats made in China make it easier to identify.
@@Mankind_-They're still looking for their missing informants 😂😂. They make stuff up and think the rest of us are MAGA.
Our president deserves a super hero cape. The man was handed a pile of poop and, he grew roses.
To be fair, poop is good for growing roses. But, yeah. While I have some issues with Joe, he's been an economic and diplomatic marvel.
Poop from Soon to be in Jail Don
OMG. Not true. We have high gas prices and expensive food. People are suffering.
Nothing changed under Biden just like he promised his donors except a new war to fund and he literally tried to create a ministry of truth. RFK or Cornell West for president.
@@PrettyGoodLookin You can thank Trump and the Republican party for your suffering. Do your research before making a statement like that.
Biden keeps telling people Putin is losing the war in Iraq. Can we get Patch Adams on the phone to help this Presidential Potato?
@@handsomekent9285 traitor joe certainly has you libs all worked up. is it the rampant inflation or the growing pile of evidence that traitor joe sold influence while VP?
"bidenomics"?
Good Lord...
TRUMP 2024😊
Comrade!
@@fuzzamajumula finally an honest liberal. we know you hate America.
🎉🎉
I think Reaganomics was successful, but only in the short term to get us out of stagflation. The problem was in the extent that Reagan went to appeal to companies and the continuance of that policy past the mid-80’s. But I’d love to have someone explain otherwise to me, I’m eager to learn. If anyones up for civil discussion please reply!
Lets see everything at the grocery IS store crazy high now and this happened just in the last year. Gas is about one dollar more with Biden at the wheel. Gas just went up to 3.29 here in NC. I don't see nothing changed. Trump did not cause this mess Biden did.
Not for nothing Chris have you ever seen homeless or down on your luck American citizens eat out of garbage cans or sleeping on a concrete floor nah I bet you never did how self absorbed one could be
One might think voters don't know much about economics but rely on talking points
I've been to the store, gas station, watched taxes go up.... I have a vague idea of the toilet we're spiraling down.
@@painkillerjones6232 Then you don't understand the dynamics of a global economy. Try living somewhere else.
@@Maja-Danmark like LaLa Land, where you live?
GO BIDEN GO" GO BIDEN GO GO BIDEN GO GO BIDEN GO" TRICKLE DOWN IS A HUGE FAILURE ON REPUBLICANS
Name 1 good policy of Biden's.
And finally tell us. Are you and Rachel Madcow siblings? Seriously.
WWHAT AZ BS
Republicans will tell you they fixed everything.
The more Xiden speaks, the lower his poll numbers dip.😉
Rasmussen 48%, today, Biden. Trump overall approval 38% Quinnipiac 6-14.
Trump 2024
Big lie
This is fake news
😂😂 whatever makes you feel less insecure.
LET'S GO BIDEN!!
VOTE BLUE!!
2024
Highest inflation in many, many years.
Just protect women’s rights!
Let's Go Brandonomics !!
and the sheep believe these lies SMDH
I mean, no one I know can find jobs.
We are the new normal BGR 🐬
The GDP doesn't reflect the increasing poor and homeless that has also grown during that time. It doesn't take an economic major to walk outside and look around you to see the backbone of the economy is struggling.
Or the fact that we have printed more money than we can ever recover from. EVER.
very true ,msnbc are liars ! they are getting paid by joe biden to prop up his horrible presidency
Poor and homelessness is usually a sign of an over reliance on debts. Those things take time to correct. Fix wages (making progress there) provide debt relief (trying to make progress there) and provide social safety nets so people don't have take on debt just to survive (trying to make steps there)
My point being the poor and homeless situation won't be fixed anytime soon. Several things have to be put in place and even after those changes enough time needs to pass for those changes to take affect in mass amongst the populace.
We are only in the first steps right now to criticize biden because we aren't at the finish line is short sighted. Of course more can be done but it's not all on biden it will come down to local legislation and voting out members of congress and senate placing roadblocks to those changes.
@@RedMoonLoop poor and homeless is a sign that wages do not match cost of living.
@@doamaker6674it’s both. People want to live in NY, drive a Mercedes, and buy a brand new iPhone every 6 months working part time at McDonald’s. It doesn’t work that way.
spend spend spend
d
you need to get this economic stats to the MAGA cult
I want to see their tears.....
They would just say it’s fake. Even though it comes from the federal bureau of labor and statistics. 🙄
MAGA cult doesn't have basic common sense or math ability to understand and perceive statistics.
According to the chart Trickle down didn't bring the graph down at all.
You all need to learn to ignore the bs they're feeding you, and look at the actual facts
Nothing changed under Biden just like he promised his donors except a new war to fund and he literally tried to create a ministry of truth. RFK or Cornell West for president.
@@fauxque5057 Please show me the facts
Last month, Trump had the support of 53% of GOP primary voters. Now, he’s at 56%.
And your point is ...?
Just proving what we already know about Trump supporters. They are not very smart!
Most people in the GOP are sheep.
why is the far right so mad about naked men riding bikes at the nyc pride parade?
"There's one born every minute."
Thanks Joe Biden!!!!! The best President, an historic president. MSNBC needs to give Biden more credit and time!
They definitely need to give more time to the fact that Joe Biden is the most corrupt president in US history
Record high inflation, interest rates and gas prices is awesome. Thanks sleepy Joe 😂
No. In the 1980s inflation was at 12%. Avg 50 year inflation is 3%. 2023 is 4% and falling. Avg GDP growth 1948-2010 is 3%. 2023 GDP growth is a little slow at 1.6, but jobs growth is astronomical. Those are the 3 basic tenets of economy.
these talking points are like a year and a half out of date.
"Sleepy Joe" accomplishes more for America, while sleeping, than his criminal predecessor ever accomplished. 😆
@cecilelaforce3686 that's because we came off the golf standard in 1971 dummy
Nah, you are just too dumb to understand them. They still apply 🤣
BIDENOMICS works
Except for that whole inflation thing.
For illegals
It sure does little fella.
Now for the people making less then 60k a year its killing them.
But believe what they tell you little fella.
Spread this in your networks!! Build the blue wall
MSNBC is lying to your face just like Joe Briben. Gas prices are high and food is expensive. People are suffering.
💯 Biden Achievements in only 2 year's
Brockered bipartisan Debt ceiling passed
Chips Act
Inflation Reduction Act
PACT Act
Climate Bill
Safer Communities Act - gun safety bill
Jobs and Infrastructure Bill - road's, bridges, rail, airports, replacement of lead pipes
Manufacturing Plan - boost American energy independence, expand domestic manufacturing of clean energy goods
Omnibus Bill
Student loan relief
Violence against Women Act
Cap on big pharma price gouging out of pocket prescription costs.
Cap on Insulin
American Rescue Plan
Expand mental health services
High speed internet access for rural areas
Lowest unemployment rate
Inflation falling 11 months in a row
Respect for marriage act
Protect LGBTQI rights
Record jobs growth every month for the last 14 months.
Veterans impacted by burns pit.
Trickle-down works for those that inspire to work and better themselves, trickle down, doesn't work for the lazy!!!
so you think that a companies executive is working harder than the employees creating, assembling, marketing, and selling their products?
@@Norebthey're MAGA. Thinking is not for them along with facts.
"Trickle down has failed us"
Then why is it still in place?
It's not.
@@abbersj2935🙈
Exactly vote for RFK in the primary and if he doesn't have a plan B West in the general
F the uniparty
republicans.
I wold like to see a graph that shows the National debt and when it accrued the most over the years as well. And then with another graph showing interest on that debt all while showing where that interest payment on the National debt goes too? And how that effects the people of the country... past, present and future?
Just Giggle US national debt by year. It's available both as absolute dollars and a percentage of GDP.
that number is irrelevant without putting into the context of the economy having grown exponentially over the last 100 years... saying "look at all this debt and interest" doesnt mean anything when the debt and interest is a fraction of the overall economic activity.
@@MusicandMMA this is beyond my pay grade i will be 100% honest with you and an actual economist would know the answer.
what i can tell you and no republican will ever admit is that the current US debt could be paid off with the assets the US military owns around the globe alone... assuming you where to liquidate it all, blah blah blah.
its a dog and pony show used by opportunists to manipulate people who react to prices getting higher, in a supply and demand economy..
Debt is irrelevant if you are big enough, look at Trump, the guy is half a billion dollars in debt to banks all over the world yet he continues to live like a multi-millionaire.
Curse all spammers... because that's why RUclips had to give up and shadow any URLs we try to share. I have most of what you just mentioned, and you can find it too, if you have time to look. One of the most telling line graphs is the line graph of national debt *_as a percentage of GDP_* from 1946 to present.
One caveat: raw numbers mean nothing in comparative econometrics because the constant inflation over the decades effects the slope of the graph and skews the data. Learn to deal in *_ratios,_* hence, *national debt **_as a percentage of GDP._*
*SINCE WORLD WAR 2:* *Budget deficits under Republicans have been $4 trillion **_MORE_** than under Democrats.*
The cost of fighting WW2 left a debt 119% of GDP. FOR 35 YEARS THAT *DEBT WAS CONSTANTLY BEING PAID **_DOWN_* until it reached a low of 34% of GDP in 1981.
SINCE REAGAN'S FIRST YEAR, OUR NATIONAL DEBT HAS BEEN CONSTANTLY *_INCREASING_* YEAR AFTER YEAR -- except for Bill Clinton's four years of surplus. Bill Clinton is the only President since Jimmy Carter to leave office with less debt, as a percentage of GDP, than when he came in.
If Ronald Reagan had not cut taxes on the rich as *_deeply_* as he did, and had balanced *_his budgets,_* and both Bushes who followed had balanced *_their budgets,_* we would have reached as near zero as we would want to operate sometime in the early 2000s.
*WE DON'T HAVE A SPENDING PROBLEM; WE HAVE A **_REVENUE_** PROBLEM,* and it can be traced straight back to the Tax Reform Act of 1986.
The cost of carrying our debt (interest) is paid largely to the Federal Reserve System who holds about 40% of our debt and another 40% held by America's own richest investors. The third largest holders of US debt are US agencies in the form of trust funds, pension funds, and interagency loans. Foreign holders of our debt are currently not all that big a deal. 5.75% of our entire debt is owned by *_all_* foreigners with Japan, then China, holding the most at 1.5% together.
Excellent, Chris. I found myself saying, "Yup!" after every single sentence.
🙌🙌🙌
♟11/5/22🕸️
She was 10, I was 50,she passed the sniff test, God save the Queen
Someone help me understand, what part in the inflation reduction act helped bring inflation down? How does it have nothing to do with the fed aggressively raising interest rates?
I support Biden but the Inflation Reduction Act had nothing to do with inflation going down. It is just marketing to say otherwise.
@@marlonrodney2457 Can you prove it?
Nothing changed under Biden just like he promised his donors except a new war to fund and he literally tried to create a ministry of truth. RFK or Cornell West for president.
goverment spending massive amounts of money on things which directly translate into benefits to workers - like higher wages, better hours, bonuses, signing bonuses - all things which have occurred since covid lockdowns ended.
when you give money to people - they spend it in the local economies and it translates to a direct boost in economic activity.
@@nihadtp539 no, he can just copy and paste it like a good little boy.
Of course, the 1982 Billy Joel song "Allentown" said the exact same thing. It's only taken 41 years for this to be said by a President.
So let me get this straight Chrissy Hayes, Trickle Down BAD? BIDENFLATION good?! Got it! 🤣👌
Are you saying you think trickle down economics worked? After reading some of your posts, I really believe you may be quite ignorant. Do some reading man!
Nobody thinks inflation is good, so what's your point?
@@jockyoung4491f j b
The inflation is caused by fossil fuel companies price gouging making everything cost more to make and to move.
@@jockyoung4491 my point Jock Strap is that your boy geriatric joe brandon caused it! And we're still knee deep in it while your Stooge joe Brandon naps in the basement! WAKE UP!
"I've been around a long time. And it just seems the Economy does better under the Democrats than under Republicans"
- Donald J Trump
You can't make this stuff up 😂
horse and sparrow, sit sandwich for the sparrow.
It's never a good idea to put your name on an economic plan because the economy can change at the drop of a hat you never know what could do it and if your name's on it you have to own it. Reaganomics in the end turned out to be not good for most people.
Yes, but Reaganomics worked for, and continues to work for, the people it was intended to help, and they continue to push it.
I'm glad President Biden is going to talk about his successes. It will be a nice change to talk about the good things that are happening in America, as opposed to all the failures the criminal, former Trump administration is still bringing on us. It's time to celebrate the manufacturing awakening in America. It's time to celebrate America's renewal, and finally going in the right direction toward a more climate, and people, friendly economy.
Nothing changed under Biden just like he promised his donors except a new war to fund and he literally tried to create a ministry of truth. RFK or Cornell West for president.
Good work president Biden! ❤💙🇺🇸
I guess you like war and censorship 🤣🤣🤣 RFK and Cornell West want to end the war, censorship, the corporate takeover of our government and free Julian Assuage.
Was it good work when he said he sold state secrets at a table full of dignitaries? lol
@@JC-tq8gm Did you watch the whole video or the cut version?
I hope everyone shares this report! Will be watching Nicole Wallace interview President Biden.
Nothing changed under Biden just like he promised his donors except a new war to fund and he literally tried to create a ministry of truth. RFK or Cornell West for president
It will get shared with the fact checkers for sure. lol
Let's print up some more money, and give it to the middle class.
That thumbnail title is a bar 🔥🔥