We’ve always used these metrics to measure the economy. No, they don’t indicate how everyday people are doing. But if this is how we are judging presidents, Biden is doing very well.
@@DCBJ2011 agreed 👍 but if they can listen to our conversations they can step in and do something about what people are saying also,.they're supposed to be for us.
@@eliezermontes5459 Governments exist to protect your rights. This whole "be for us" nonsense is how we got into this mess in the first place. When will people learn?
Amazon, Walmart, and Credit Companies are making record profits. The majority of Americans are working more hours, living paycheck to paycheck, going into credit card debt, and evictions are on the rise. A "booming economy" only benefits a few in a capitalist society.
Listening to people who have opted not to use the mechanism for "sharing" this growth complaining about not receiving a cut is exhausting. Are you invested in a low cost S&P 500 index fund? Yes or no?
@@BTrain-is8ch you are deflecting, this is not about me, or any one person. 60% of Americans cannot afford a $400 emergency. If people cannot afford housing, transportation, food, energy, or an emergency then they can't afford to invest in anything.
GDP growth doesn't mean that prices go down. Inflation is low right now but as she pointed out there are concerns it might go back up, but the key point about inflation is that it's the *rate of increase* in prices over a period of time. If inflation goes to zero percent, prices stay exactly the same. Decreased inflation does not mean lower prices.
Cause of gas prices when gas prices is high everything goes up like our everyday necessity. The damage has already been done as people barely have money to spend so now putting them in such a big hole for the last year or more it's gonna be hard for people to get out of it. This green new deal push and regulation is causing the increase of gas and other goods and services
The economy is growing for the ultra rich, the rest of us are still getting poor. The only thing that’s happening is all the money is going to the wealthy
When everything is double the price, how can you be surprised that the GDP is still growing? Less consumer spending in the huge thing to look at, few more quarters of that dropping will lower the GDP growth. Did these people actually study economics?
Anyone with functioning senses knows that this isn't being seen by the middle-class. Only upper-middle to high class individuals will see any semblance of improvement, while the middle class itself continues to just become an extended lower-class.
You know trump was responsible for that debt rise, he added 6.7 trillion while under Biden it’s only gone up just about 1 trillion. We definitely are going in the right direction in our country, but people want to go backwards and say defendant trump is the answer.
It isn't growing, inflation is growing. It is so simple, but so tough to understand until it hits. When we are used to a decent standard of living, have pressure, and can still pay even with increasing prices, then yes, the economy will sure grow!!! That is because everyone is SPENDING MORE to buy the same or less. That is why Venezuela and Zimbabwe have such awesome stock markets....
Economy is doing well only if you own stocks or massive amounts of real estate. It’s doing well for 0.1% richest of rich like Musk and Bezos. For an average Joe, things have never been worse. Stagnant wages, layoffs in all industries, rising loneliness and healthcare costs. It’s looking very bleak. American dream is dead as young families can’t afford to buy a house and rents are on a tear.
@yungrom427 This is called trickle-down economics. Yes. A corporate democrat does trickle-down economics. It doesn't trickle down. Minimum wage workers can not afford the minimum home and car to buy. This is because rewarding the savers is punishing the borrowers. AKA passive income. Normally, unearned income is criminal and subject to arrest. My mom, for example, is 73 years old, not retired, and stuck in the rent trap. I am also stuck in the rent trap. With local apartment rentals over $2,000 a month for a single room. If someone can handle rent, they can afford to own a home. Yet these rent trap buildings are popping up all over my county. In massive numbers. They invented the galatian for the type of people who engage in trickle-down economics. But arresting them is much more civil.
@@noel7777noel Right I understand but what people also have to understand is that wage is up to the states, you have to talk to you local government about that and vote appropriately. If there is an increase of pay made by an executive order (president) that is made to federal employees only, for example minimum wage in Massachusetts is $15hr were as in North Carolina it’s $7.25hr.
The U.S. economy is not "growing" organically which would be positive. It is only "increasing" in size because the government is mainlining debt into it at an unsustainable rate. The Bureau of Economic Analysis calculates GDP. In its March 28 news release about the fourth quarter and 2023 it uses the word "increased" 67 times to explain the change in GDP. It never once used the word "grew." In economics, there is a difference with a distinction between these two words. In 2023 GDP “increased” $1.6 trillion fueled by the $4 trillion “increase” in national debt and “increase” in balance sheet net liabilities. In the last 25 years GDP “increased” $18 trillion fueled by the $37 trillion increase in national debt and “increase” in balance sheet net liabilities. And this does not include the “increase” in personal and corporate debt, which just makes a bad situation it much worse! I believe anyone who uses "grew" to describe GDP changes is misleading their audience. Stop using it. BEA uses “increased” you should too!
Stop it, those numbers surely dont reflect this nation's reality of today. Not by far... But govt spending as in over with nothing coming in sounds right...Just open those eyes and look around 🤔🤦🏻♂️
inflation is way down to 3.2% from being high last year at 9% (June 2022) & supply chain been largely fixed - are you guys waiting for the end of the year record breaking corporate profits report? prices are still high?!!
This does not correlate to the the average American's expenses and current quality of life. I can't even afford rent. Electricity bill is $500 for a two bedroom apartment! Lower cost of living and increase pay!
Gas $2 higher ?!?! Your butler has been lying to you. The price is cheaper than Obamas if you go by rate of increase of goods and services. This will be a strong come back.. Plus, when did the Repos left a good economic situation ?!?!
Anyone see Nate Diaz post fight interview after he beat Connor McGregor? “I’m not surprised!” They need to superimpose Biden’s head on that any time people say they are surprised at how strong the economy is. 😂
If one claims that year after year, eventually one will be correct. How many years have YOU been saying a recession is coming? I’ll guess you’ve been saying that since November 2020.
@@TheLunatrickI mean they are not lying inflation has gone down, economy in a good direction, unemployment has gone way down, building on infrastructure, addressing climate change and a lot more…
I'm so glad that the elites are doing well.
America has the most millionairs and billionairs of ANY country 🇺🇸
@@white_genocide2050gawd bless Murica 🤓🖕
I’m doing pretty well
I simply can't believe the Main Stream Media.
Turn off FOX, you know that org that lost 787million for their lies, next up Smartmatic 2.6 billion 😅
We’ve always used these metrics to measure the economy. No, they don’t indicate how everyday people are doing. But if this is how we are judging presidents, Biden is doing very well.
@@gopackgo4036speak for yourself 🤓 🖕
Well ok then....lower the rent.
That is up to landlords and apartment managers, not the government.
@@DCBJ2011 agreed 👍 but if they can listen to our conversations they can step in and do something about what people are saying also,.they're supposed to be for us.
@@eliezermontes5459 Governments exist to protect your rights. This whole "be for us" nonsense is how we got into this mess in the first place. When will people learn?
@@BTrain-is8ch don't care who does it...lower the rents
@@BTrain-is8ch protect my rights by listening to my conversations?
Amazon, Walmart, and Credit Companies are making record profits.
The majority of Americans are working more hours, living paycheck to paycheck, going into credit card debt, and evictions are on the rise.
A "booming economy" only benefits a few in a capitalist society.
Facts...
Capitalism can be well regulated to control this, those that make the decisions just have exceedingly little reason to do so
So why is Trump bragging about his “booming” economy? That’s the dumbest thing I’ve ever heard. “Actually a good economy is bad for us…” 🤦♂️
Listening to people who have opted not to use the mechanism for "sharing" this growth complaining about not receiving a cut is exhausting.
Are you invested in a low cost S&P 500 index fund? Yes or no?
@@BTrain-is8ch you are deflecting, this is not about me, or any one person.
60% of Americans cannot afford a $400 emergency. If people cannot afford housing, transportation, food, energy, or an emergency then they can't afford to invest in anything.
The GDP growth probably doesn’t account for inflation…
HOW IS THIS POSSIBLE?!?!??! How are so many people struggling
GDP growth doesn't mean that prices go down. Inflation is low right now but as she pointed out there are concerns it might go back up, but the key point about inflation is that it's the *rate of increase* in prices over a period of time. If inflation goes to zero percent, prices stay exactly the same. Decreased inflation does not mean lower prices.
Cause of gas prices when gas prices is high everything goes up like our everyday necessity. The damage has already been done as people barely have money to spend so now putting them in such a big hole for the last year or more it's gonna be hard for people to get out of it. This green new deal push and regulation is causing the increase of gas and other goods and services
WAR and Wall Street
People are always struggling.
Next caller…
The economy is growing for the ultra rich, the rest of us are still getting poor. The only thing that’s happening is all the money is going to the wealthy
When everything is double the price, how can you be surprised that the GDP is still growing?
Less consumer spending in the huge thing to look at, few more quarters of that dropping will lower the GDP growth.
Did these people actually study economics?
The economy is getting weaker this is getting obvious.
Exactly
What a line of BS !!!
😂 they failed to mention that corporations were the key winners per the numbers.
Why cant ppl save? Why is CREDIT CARD DEBT at an all time high? Why dont ppl agree or feel this!?
Can you stop telling lies 😂
It's the 1% that are controlling the whole economy. My friend works at Amazon and he sayed that this holiday season has been the slowest in 3 years
I never buy anything from Amazon since it came into existence! It's basically communism of evil on steroids worse than Walmart!
Anyone with functioning senses knows that this isn't being seen by the middle-class. Only upper-middle to high class individuals will see any semblance of improvement, while the middle class itself continues to just become an extended lower-class.
FACT: US economy growing in poverty and homelessness! I agree!
Is it growing on borrowed money? Or people are paying their bills? The debt is through the roof!
You know trump was responsible for that debt rise, he added 6.7 trillion while under Biden it’s only gone up just about 1 trillion. We definitely are going in the right direction in our country, but people want to go backwards and say defendant trump is the answer.
debt is money and money is debt. you dont earn any money by not being in debt
@@covfefe1787 But if everyone keeps overleveraging themselves through credit cards, there is going to be a credit crisis. More banks will fail.
It's really not when you figure in the national deficit 🤷
Average American family needs an extra $11,400 a year to pay for basic necessities since January 2021
Source?
Common sense. @@Bum_Hip
No Source... Fake BS
Maybe if you live in Beverly Hills CA
@@john-smith.
CBS News Moneywatch
@@Bum_Hip
CBS News moneywatch
anyone else thinks this growth is suspicious?
That’s what I hear
Extremely! I don't trust the media at all on this topic. Several months ago I was watching a video saying that a recession was to occur soon
Media propaganda for sleepy Joe election campaign…
Spending more money doesn’t mean people are better off.
Yes it does what 😭
FACT: inflation and cost of living still stuck around 55% which means most Americans are staying home as they cannot afford basic needs.
I really believe there making this up now 😂😂😂😂
So where they making up Trump recession and 20million lost jobs also 😅
GDP would be sky high if Americans had access to a lot more affordable housing.😮😮
We are in a recession 😂
Not at all. Please look at the Dow Jones and S&P 500, educate yourself a bit before exposing yourself as lower class
@@DCBJ2011really got me at first 😂
@@jacobschmidt8441 DOW JONES IS AT AN ALL TIME HIGH!!!
Speak for yourself
It’s never bidenomics or trumponomics. It’s the American people and the hard working immigrants.
Never say Never
So glad the federal government, Pentagon and weapons manufacturers are making money!!!
Money is at the job if you are able bodied
I know this is cbs all you see is B 5
Less money..... Means less money being spent by consumers. Means economy grew fast. Never went to school on this kind of economic activity.
All this recession talk needs to stop. We're booming.
How much is Biden paying you? 😂😂😂
put this shill in jail
What do you call the U.S. economy ? Government spending? There's not much more. What a fairy tale time we are living in.
I want the Feds to raise the rates again and again!
I'm already seeing it daily. Gas is going down, food prices have gone down and my investments are going up.
😂😂😂 still worse than with trump nothing better groceries 26% higher gas 2$ higher stock market stagnant stop the bs it's embarrassing
Free Trump!
@@B86432 The highest the Dow stock market was under Trump was 30,000. Its been as high as 36,000 under Biden and currently still 35.
@@DuaneHallinSDThat's not true and also a terrible assessment of how the stock market operates in addition to rating the performance of a president.
@@DuaneHallinSD they why does 70% of america say otherwise, why are peoples 401k down compared to trump
It isn't growing, inflation is growing. It is so simple, but so tough to understand until it hits. When we are used to a decent standard of living, have pressure, and can still pay even with increasing prices, then yes, the economy will sure grow!!! That is because everyone is SPENDING MORE to buy the same or less. That is why Venezuela and Zimbabwe have such awesome stock markets....
Hell yeah!! Thank you Joe
😂😂😂😂 literally every statistic is worse w Biden
@@B86432The Dow Jones, NYSE and S&P 500 are all at all time highs. Remind me again what's wrong with the economy?
@@DCBJ2011Every damn thing.
Who?.
Economy is doing well only if you own stocks or massive amounts of real estate. It’s doing well for 0.1% richest of rich like Musk and Bezos. For an average Joe, things have never been worse. Stagnant wages, layoffs in all industries, rising loneliness and healthcare costs. It’s looking very bleak. American dream is dead as young families can’t afford to buy a house and rents are on a tear.
Never say Never
Joe asking msm to help bring his poll numbers higher. With lies 😂😂😂
Sure
You are what people commonly refer to as "simple minded."
Actually if your in a blue state then your prices are higher and if your in a red state then your prices are lower….
@@Chromatic_Gachanot in Florida we have the highest inflation
@randal_gibbons speak for yourself 🤓 🖕
Economy is a booming boys! Thanks to Bidenomics of course 🎉
I'm richer, but everything is way more expensive. So, I'm poorer. 🎉
@@williamrichardson2596What is expensive?
What a dumb comment. The FED has been trying to stymie growth, so it's not working. This is bad for Biden and the FED.
@yungrom427 This is called trickle-down economics. Yes. A corporate democrat does trickle-down economics.
It doesn't trickle down. Minimum wage workers can not afford the minimum home and car to buy. This is because rewarding the savers is punishing the borrowers. AKA passive income. Normally, unearned income is criminal and subject to arrest.
My mom, for example, is 73 years old, not retired, and stuck in the rent trap. I am also stuck in the rent trap. With local apartment rentals over $2,000 a month for a single room. If someone can handle rent, they can afford to own a home.
Yet these rent trap buildings are popping up all over my county. In massive numbers.
They invented the galatian for the type of people who engage in trickle-down economics. But arresting them is much more civil.
@@noel7777noel Right I understand but what people also have to understand is that wage is up to the states, you have to talk to you local government about that and vote appropriately. If there is an increase of pay made by an executive order (president) that is made to federal employees only, for example minimum wage in Massachusetts is $15hr were as in North Carolina it’s $7.25hr.
They say food prices are going down.That's just not so in my area.Prices are continuing going up by leaps and bounds.
Um, inflation is being understated.
Lies!
The guy on the left is acting real weird, probably doesn’t like the lady he is talking too.
This editor knows exactly nil about how economics works.
Us debt growing faster than expected. Fixed for you liers!
The U.S. economy is not "growing" organically which would be positive. It is only "increasing" in size because the government is mainlining debt into it at an unsustainable rate. The Bureau of Economic Analysis calculates GDP. In its March 28 news release about the fourth quarter and 2023 it uses the word "increased" 67 times to explain the change in GDP. It never once used the word "grew." In economics, there is a difference with a distinction between these two words. In 2023 GDP “increased” $1.6 trillion fueled by the $4 trillion “increase” in national debt and “increase” in balance sheet net liabilities. In the last 25 years GDP “increased” $18 trillion fueled by the $37 trillion increase in national debt and “increase” in balance sheet net liabilities. And this does not include the “increase” in personal and corporate debt, which just makes a bad situation it much worse! I believe anyone who uses "grew" to describe GDP changes is misleading their audience. Stop using it. BEA uses “increased” you should too!
I love the comment section Economist 😂😂 losing their minds!!
More like the democrat marketing department 😂
Stop it, those numbers surely dont reflect this nation's reality of today. Not by far... But govt spending as in over with nothing coming in sounds right...Just open those eyes and look around 🤔🤦🏻♂️
I got some ocean front property in Arizona….pffffttt…everything is fine lol
Why you lying
I would expect the fed will raise interest rates. Home sales will decrease significantly.
When do you think?
Saudi Arabia, Egypt, Nigeria, Algeria and other countries have begun withdrawing their national gold reserves from the US.
inflation is way down to 3.2% from being high last year at 9% (June 2022) & supply chain been largely fixed - are you guys waiting for the end of the year record breaking corporate profits report? prices are still high?!!
Inflation is over 55% for 90% of goods and services! Basic needs to survive are not even affordable!
Lying lying and lying
One week we're about to shut down and then the next we're doing so well. Pay attention folks.
Does anybody really believe this?
I do gas is $2.19 here in the south bc it’s red I don’t think the dems did it more like the GOP dropped prices down here in the south….
@@Chromatic_Gacha But when it went up, you weren't blaming the GOP in your state, you were blaming Biden 🤣
@@ThatFaceMelter94two wings of the same dying bird 🤓 🖕
This news does not make any Sense🥲 Salaries are stagnant. Companies are laying off. How can economy grow? It’s deflationary environment! 😢
Lower the interest rates!!!
❤️❤️❤️❤️❤️❤️❤️
India and US not said true about financial establishment what is
Can we ask someone to else please
Pure propaganda. Buy gold and silver.
No money to buy
The economy was better for Americans in the Great Depression.
the economy is good,we're all just imagining stuff is still expensive
Speak for yourself
@firstlast8258 it's a joke,the economy is only good for the stock market rn
@@lowboyyy I'm not laughing
@firstlast8258 don't take life too serious, we all d!e in the end
Lol straight propaganda
Propaganda doesn’t mean what you think it means.
@@Bum_Hipwhat do you think it means?
Your Feelings ain't facts....The economy is great under Biden. My 401k investments are killing it.
@@sir.richardpound google it. Then google facts about the economy.
Numbers do not lie, the question is are people getting the benefits or just the greedy corporations
Propaganda
This does not correlate to the the average American's expenses and current quality of life. I can't even afford rent. Electricity bill is $500 for a two bedroom apartment! Lower cost of living and increase pay!
BS!
😂😂😂 growing? Took 3 years for a positive gdp groceries 26% gas 2$ higher
Gas $2 higher ?!?! Your butler has been lying to you. The price is cheaper than Obamas if you go by rate of increase of goods and services. This will be a strong come back.. Plus, when did the Repos left a good economic situation ?!?!
😂😂😂 lol wut economy?
Maybe for the 81milliom who voted 'BIDEN"
Let's Go Brandon.
interest rates to rise or it's inflation again.
B/s . Not clear what's she saying
Love the typical bots in the comments claiming Biden regime is doing good lol
Anyone see Nate Diaz post fight interview after he beat Connor McGregor? “I’m not surprised!”
They need to superimpose Biden’s head on that any time people say they are surprised at how strong the economy is. 😂
Recession incoming.
If one claims that year after year, eventually one will be correct. How many years have YOU been saying a recession is coming? I’ll guess you’ve been saying that since November 2020.
Yes it will happen if the Republicans take office again...Vote Blue.
Another 1 ? Lol
I don't believe it.
Joe saw his poll numbers and asked the media for some assistances
You are what people refer to as "simple minded."
I was thinking the same thing
@@randal_gibbons k
@@TheLunatrickI mean they are not lying inflation has gone down, economy in a good direction, unemployment has gone way down, building on infrastructure, addressing climate change and a lot more…
And here's an example of somebody who can't argue the facts.
Everything is fine…recession is imaginary and you have everything you need at dirt cheap prices lol…inflation is going down…you don’t say
It is...the economy is booming, and my 401k is growing. Thank you President Biden.
@@john-smith.😂😂😂😂 Dude stop the bs lies every statistic is worse the market is stagnant 😂😂😂
@@B86432no his actual right if you live in a red state and not a blue state like California….
@@Chromatic_GachaEconomy is tanking in red states too. This is a Biden caused problem, which affects the whole country.
Lol sure
Inflation Nation.
Bitcoin 2024.
Giant meteor 2024
💚
What a Lie
Why is her audio so bad?
Sketchy
Massive Credit card defaults are coming in 2024!
Too late for that
I love USA USA USA
God bless USA
Corrupt media again
incredible thank you Joe Biden and people dare to criticize him
Wishing I got a Christmas miracle
1:04
17% inflation.
The economy has been down for 2 years and slightly up this year's 3rd quarter.
"Everything is good" 😂😂
17 percent? According to whom?
@@Bum_Hip are you fr?
Just Google how much inflation has gone up since 2020 and you'll see I lied..
Bc it's at 19% 🤪🤣🤣
@@sillywabbit7989
@@Bum_Hipthat's without gas n groceries 2 😂
@@B86432 people still buy gas?
😢😂😂😂
Lies
So some kind of recession
For most
lol all lies.
I like listening to "Fairy Tales".
Republicans won’t like this video 😅
Two wings of the same dying bird 🤓 🖕
CBS…. 😑 yall don’t C B S here 😏 see what I did there… yea… hit that like button lol
Someone help me out here… who exactly is the economy getting better FOR?
Nobody that's the funny part those who say it's better are living off their parents 😂😂😂
Me.
@@JamesBrown-si8eu move out of your moms basement, Kyle.
@@jeromebullard6123 56 year old. College educated. Earning more under Biden than ever before. Thank you.
@@JamesBrown-si8eu college educated, and still working at 56? I’m so sorry.
Good news!'