Joe Biden Has a Bidenomics Problem

Рет қаралды 164,950

2 ай бұрын

President Joe Biden’s “Investing in America” agenda is pumping trillions of dollars into cities through federal investments in infrastructure, clean energy and microchip manufacturing. The Democrat is hoping those landmark legislative accomplishments will persuade middle-class and union voters to vote for him come November. Bloomberg News Reporter Akayla Gardner traveled to a bellwether county in Pennsylvania to ask officials, business leaders and voters whether they trust Biden or Donald Trump to handle the economy and boost domestic manufacturing.
#2024elections #politics #economics
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@business 2 ай бұрын

For more politics and economic news coverage, get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=KZfaqOriginals

@Sjalabais 2 ай бұрын

Nice that this one is about policy, not culture wars.

@jimbojimbo6873 2 ай бұрын

It’s always about culture wars

@ssuwandi3240 2 ай бұрын

They thought Fascists could utilize multiculturalism to foster Fascists growth..

@ssuwandi3240 2 ай бұрын

Imagine if policies could be set up like the Neocon would have hoped to moneruze from vassal Ukraine. Turned out we are not Ukraine😊

@darkchocolate3390 2 ай бұрын

I wish we had more media coverage like that.

@rickb06 2 ай бұрын

@@ssuwandi3240uh, bruh, you're calling the wrong side the fascists, lol. Fascism has been a leftist pastime since it's inception.

@wilsi473 2 ай бұрын

What about the housing crisis? Severely hurting Biden right now.

@johnl.7754 2 ай бұрын

But only 34% of occupied housing units are occupied by renters….so if housing prices fall more will get angry. I don’t own a home so I wish prices would come down also.

@jessefranckowiak 2 ай бұрын

@@johnl.7754 Just be patient lol

@evilbred974 2 ай бұрын

Yeah, you're not wrong. Those things in some ways go hand in hand. Housing prices increase with the economy, like a natural anchor. There's alot to be done to improve housing affordability, and the Biden administration have lagged there.

@VulcanLogic 2 ай бұрын

It may be, but he can't single handedly force developers to build the entry level affordable housing they haven't been building for the last 15 years, and those developers (who are themselves overwhelmingly republican and donate heavily to republicans) aren't going to change a thing. The scarcity benefits their bottom line. This would require landmark legislation that wouldn't ever see the floor in the GOP-led house.

@doujinflip 2 ай бұрын

Homeowners are more consistent voters, and it’s in their interest to make sure housing prices keep rising.

@spiceyfrenchtoast9421 2 ай бұрын

" The economy is doing great" says the state of the union speaker

@doujinflip 2 ай бұрын

The economy is doing great, it’s the distribution of that greatness we’re not experiencing.

@Emmy-J 2 ай бұрын

I say its great for the rich and not the average American

@phukrnd840 2 ай бұрын

by every single measurable metric the economy is doing great. thats a fact.. prices are higher but its not inflation when the corporation 't have posted the largest profits they had ever made for two year straight even after taking the rise in operating costs into account...

@comlain2513 2 ай бұрын

@@doujinflip cope

@rriqueno 2 ай бұрын

It is doing great! Its a fact

@TheJRSvideos Ай бұрын

Every time Biden or some media outlet INSISTS the economy is doing great, I just can’t help but feel like we’re being gaslighted. Great for who, exactly? Young people like myself with decent jobs don’t have a prayer of ever owning a home, and trips to the grocery store have become painfully expensive. I actually made less money in 2019, but it *felt* like I was making more than I do now.

@gerardanderson9665 Ай бұрын

Doing great for the capitalist elite class

@nunyuhbusiness9016 Ай бұрын

@@gerardanderson9665 which is weird because isnt that precisely who biden should be against? I remember back when the democratic party was the party of the little guy.

@AshrakAhmed Ай бұрын

@@nunyuhbusiness9016 but go a bit further and Democrats were the party for the plantation owners in southern states! All Biden want's to do is win the upcoming election and to make it look like his economic plan is working he is mortgaging the future of the young generation! Well it's not like he will be around to see the consequence of this limitless spending spree!

@thicpancakes4673 Ай бұрын

@@nunyuhbusiness9016he def is but he can’t do much bc of the republican house and more importantly money in politics as a whole

@nunyuhbusiness9016 Ай бұрын

@@thicpancakes4673 I'm sure that if he really wanted to he could've done something.

@Lando-kx6so 2 ай бұрын

Thank you for actually going out & speaking to regular people instead of gaslighting people like a bunch of these news outlets have

@mashabrand8126 2 ай бұрын

Thank you so much 🙏

@anonX9509 2 ай бұрын

sarcasm right? most of these leaders they interviewed are payed with public dollars

@fabfrenchies1974 Ай бұрын

Except they did by interviewing union leaders, and CEO.

@Yes-Yes1 Ай бұрын

The gaslighting was subtle in this one

@phox.2234 2 ай бұрын

This is literally an attempt to campaign for Biden 🤣🤣🤣

@user-et1nt5mj1c Ай бұрын

Absolutely

@thechads1057 Ай бұрын

Dont be mad cause this is the truth

@JustSomeDudeItWas 18 күн бұрын

@@thechads1057lol Sure.

@zstrizzel 2 ай бұрын

Can we please stop pretending the Inflation Reduction Act reduced inflation? it's an insult to anyone who passed econ 101.

@plutodestroyer12 2 ай бұрын

ehh democrat will try to convince you the sky is green and their supporters will nod in agreement.

@doujinflip 2 ай бұрын

It’s really long term inflation they’re targeting. The only real power the government has to limit price hikes within an election cycle are dictated price controls.

@kennethferland5579 2 ай бұрын

Pretending that it did not is an insult be looking at graphs. Inflation dropped after it's passage despite right-wing naysayers saying that inflation was casued by government spending and would get WORSE because of the Act. Being proven wrong though never changes the mind of rightwing hacks.

@lowboyyy 2 ай бұрын

even b ! den said they probably shouldn't have called it that lol

@triplediff 2 ай бұрын

Who cares? It's all about branding. Republicans have been great at it for decades, now the dems are finally catching up.

@glennv3176 2 ай бұрын

A car that was $30.000 in 2019 is $45.000 today

@samuela-aegisdottir Ай бұрын

Inflation was caused by Covid and the Russian invasion in Ukraine, prices has risen everywhere in the world.

@o.x.p Ай бұрын

I bought a Honda CR-V in 2019 for $26k. A CR-V in the same trim from the same dealer is $35k today. A 34.6% increase. No doubt there are other models or other markets that have experienced 50% inflation (30k to 45k) in that same time though.

@frostmelody 2 ай бұрын

Inflation reduction act is a terrible name. It does exactly opposite to reducing inflation by pumping billions into the economy

@AnthonyTolhurst-dw1nc 2 ай бұрын

Doublespeak

@NEFLAtlantic 2 ай бұрын

It does decrease inflation by creating jobs

@gabrielbarrettbunnage 2 ай бұрын

@@NEFLAtlantic Economics MA here, inflation is often referred to as a phenomenon caused by too much money chasing too few goods; labour fluctuations are much shorter term in nature than that of capital, which is needed as a complementary input with labour in order to scale up growth equally. By pumping money into the economy (funded by debt, which will have to be repaid with interest in the future), we are producing more than is sustainable due to underlying factors like technology and population (known in economics as the steady state, long-tern level of production), causing inflation in the short term due to the buffer in capital production, so wages (from the new workers that are employed due to this exogenous government stimulus) are increasing faster than production. It's because of this that there is too much money chasing too few goods, so the IRA increases inflation, but does so with the aim of counteracting the negative growth shock caused by Covid-19 and ultimately growing out of the debt that it needs to pay back through expansion.

@USA92 2 ай бұрын

@@gabrielbarrettbunnageSays the guy invested in profiteering companies. I see you.

@gabrielbarrettbunnage 2 ай бұрын

@@USA92 What does this mean USA92?

@MrBezyBez Ай бұрын

I was so proud to hit 6 figures. Then I realized that you need closer to 200k a year due to inflation.

@zdmc23 2 ай бұрын

Narration opens by discussing Northampton County (a purple county which has voted for the winner of all of the prev Pres elections since 2008), and then they proceed to film and interview almost exclusively in Lehigh County (solid blue Dem). 🤡

@matthewgampp1643 2 ай бұрын

I thought using stats from 2008 was interesting. That's only Obama, Trump and Biden. I don't think that's very objective and long enough historical analysis to make a logical conclusion.

@nomnom5868 Ай бұрын

Really shows their bias.

@totaletoto385 Ай бұрын

Oh, did you notice? They were hoping you didn’t

@itchyscientist0576 Ай бұрын

Lehigh is narrowly blue, Allentown is the bluest at about 70%

@Yes-Yes1 Ай бұрын

Subtle right

@djp1234 2 ай бұрын

I wish voters were smarter in this country.

@Aiuto-vk5tq 2 ай бұрын

Who could they vote for?

@djp1234 2 ай бұрын

@@Aiuto-vk5tq Bernie Sanders

@nf3rn047 2 ай бұрын

@@djp1234It's so over

@zaitinmak5671 2 ай бұрын

You only have 2 options, Fail Option A & Fail Option B !

@Drowzee64 Ай бұрын

It would help if our news spent any time at all covering policy instead of spewing culture war nonsense ad nauseum. This video is a welcome exception.

@kalebmanning4425 2 ай бұрын

We all have a Bidenomics problem.

@nunyuhbusiness9016 Ай бұрын

Yet some people will still vote for the guy. It's maddening.

@elkillerx Ай бұрын

@@nunyuhbusiness9016 Unfortunately true.

@sarahlachman1349 Ай бұрын

Government Spending causes INFLATION!!!! This is economics 101! People don't care about jobs when they have 3! 1 for rent 1 for their bills and 1 for food.

@sharpasacueball Ай бұрын

In addition to that, they also mention moving manufacturing to the United States through protectionism which sounds amazing until you realize why they moved out in the first place. Everything is going to so much more expensive and the burden will go directly to the consumers which means more inflation

@phoenix5054 29 күн бұрын

Every spending causes inflation.

@user-tp8pf5ke8o 26 күн бұрын

@@sharpasacueball if they move back in then there will be more jobs for people to purchase consumer goods, although there might already be enough production for it to work

@bencheveryday 2 ай бұрын

"I think you have to give Biden 4 more yrs and itll show that it works." No campaign can run on that and succeed.

@levismith7444 Ай бұрын

If they do mass mailout voting again they can 😂

@pritapp788 Ай бұрын

Mind you, it worked wonders for Bush.

@bencheveryday Ай бұрын

@@pritapp788 what does that have to do with Biden's campaign

@bencheveryday Ай бұрын

@@pritapp788 crickets

@Ese_osa 2 ай бұрын

When I go to the supermarket I scream

@anb4351 2 ай бұрын

Housing and rent crisis, Housing and rent crisis, Housing and rent crisis. Food, fuel, groceries are actually not much of a problem., Yes they are expensive but compared to Rent and Housing prices they are not much of a problem. Rent is unaffordable in most of the big cities

@EricHansen-fr3cz 2 ай бұрын

100% Everything is expensive ! A stick of " Gum" is 5 bucks now ...

@shawnsdrumcave 2 ай бұрын

It's across the board and all ads to the cost of living. Which is unaffordable for lots of Americans... But Biden's patting himself on that back eating ice cream.

@kingace6186 Ай бұрын

It's called corporate greed. Thank you for finally waking up.

@tristanlong7 Ай бұрын

Well everything is a reason behind that. Fuel, food, materials, labor, etc. Have all contributed to the prices of rent going up, as well houses. Yeah we had a corporate buy out in 2020 - 2023. That jacked the market around and ballooned to a point of insanity. Trying to compete in that market meant that we needed more houses and apartments. Well they now cost triple to build and thus owning and renting goes up as well. Yeah it's greed and are incompetent government doing that caused this.

@EricHansen-fr3cz Ай бұрын

@@tristanlong7 And who has been in charge the past 4 yrs ?????

@supraondueces 2 ай бұрын

"That doesn't sound like a recession to me"- Biden

@PatrickRyan150 Ай бұрын

Most of the infrastructure funds went to woke causes like inclusion initiatives in foreign countries.

@mr.buzaid9130 Ай бұрын

Unemployment rate is 9% and not 3.8%

@mlgpro2241 10 күн бұрын

it's 3.8%

@theforeskinsnatcher373 3 сағат бұрын

source?

@Chapulinbailador 2 ай бұрын

Vote Republican

@theohughes7170 Ай бұрын

The American People should file a CLASS ACTION LAWSUIT for what we've LOST

@Maxwell1989 2 ай бұрын

You should do one on south Carolina fastest growing state in the country

@amammonster1239 2 ай бұрын

South Carolina is also tending to go Republican, as most people in the state, while happy about the reinvigoration of the economy, are a bit hostile to large scale change.

@yatarookayama8329 2 ай бұрын

Florida is the fastest growing state !

@ssuwandi3240 2 ай бұрын

Florida hands down

@Maxwell1989 2 ай бұрын

@@ssuwandi3240 no South Carolina's the fastest growing state in the country since last year

@Maxwell1989 2 ай бұрын

@@ssuwandi3240 I lived in Florida for 7 years now I'm on the big island since 2007 I can't wait to move to Myrtle Beach

@johnl.7754 2 ай бұрын

You can’t have both build in America programs (lots of government spending and less lower cost imports) and low inflation

@RK-bx1by 2 ай бұрын

I think the notion is that inflation might be elevated, but that it won't be an issue if Bidenomic policies result in substantial wage growth as well.

@SplyBox 2 ай бұрын

People wanted less globalization, Trump actually started that trend and Biden continued it, now we have to ride out the tough part and hope for the best, if wages can grow without triggering inflation we can hopefully have an actual middle class again

@doujinflip 2 ай бұрын

Though it would take a fundamental shift against “pro-business” corporate culture, ensuring the growth of productivity they’ve been enjoying since the transistor hit the market gets shared with employees and public works instead of to shareholders and C-suite packages.

@rickb06 2 ай бұрын

@@SplyBoxride it out? We have been riding it out for the better part of two decades. We are tired, and it all got so much worse after COVID, groceries are up AT LEAST 25% since 2019, average car payments have EXPLODED to over $600/mo, rent is now $2200/mo on average and so much more. Right now is not the time to start trying ANYTHING NEW, Americans need to be given at least a decade to stabilize, we've already suffered enough, we're talking about a civil war if things don't immediately improve.

@SplyBox 2 ай бұрын

@@doujinflip An economy based on endless growth is always going to collapse

@Henriquealexps Ай бұрын

Was this and ad for Biden?

@skywolf7717 2 ай бұрын

Yes if only voters would just vote blue for more inflation, higher prices, no border in the country they live in.

@kv9016 2 ай бұрын

CRY HARDER🤣🤣

@darklightprojector2688 2 ай бұрын

@@kv9016 tell that to the people who've fallen into poverty over these last nearly 4 years who can't afford rent or food. The only person who thinks Biden did well is a rich person, or a person the rich have duped into thinking it. And remember: the majority of corporations supports Biden😉

@adimart2214 2 ай бұрын

Can we stop pretending like trumpflation didn't trickle down into Biden's presidency caused by Trump's bungling of the pandemic, shutting down the economy, causing a major supply chain issue and being the first to print gobs and gobs of money to send payments out to every person in the country. Believing Trump is not to blame is an insult to anyone who passed Econ 101.

@adimart2214 2 ай бұрын

Can we stop pretending like Trumpflation caused by Trump's bungling of the pandemic, shutting down the economy, causing a major supply chain crisis and being the first to print gobs and gobs of money to send payments out to every person in the country, and expect the effects of all of that not to trickle down into Biden's administration. Believing Trump is not to blame is an insult to anyone who passed Econ 101.

@skywolf7717 2 ай бұрын

@@kv9016 I don't need to. The liberals living in NY under Biden's America are doing all the crying for me. Fastest way to red pill a liberal is to give them what they ask for.

@ace41367 2 ай бұрын

I’m independent, but this looked like an add. Where is balanced coverage 😢

@lowboyyy 2 ай бұрын

yeah well,coming out of a pandemic probably isn't the best time to throw people in the poor house

@sa4769 2 ай бұрын

Great reporting, just normal people having adult conversations about important subjects, no drama

@ThompterSHunson 2 ай бұрын

Not to burst the stars & stripes bubble y'all live in but the whole world has the same problems. And sadly, in this kind of time, populists like Trump are benefiting.

@samuela-aegisdottir Ай бұрын

Inflation was caused by Covid and the War in Ukraine, it has happened everywhere in the world, so I don't understand why so many Americans think it was Biden's fault.

@justinr9753 Ай бұрын

Have you ever thought?

@conmanl4959 Ай бұрын

Sadly?

@CashFlowNegative Ай бұрын

So they just want to subsidize inefficient production? 😂

@valtonen77 Ай бұрын

Isnt that how it goes always? Or would you want to starve to death because farming isnt profitable?

@What-go8ng 2 ай бұрын

1:25 except for 2020 of course, where Trump won 18 of 19 historical bellweather counties, but lost, which has occurred 0 times since 1984

@CommonCentsRob 2 ай бұрын

Yeah, interesting isn't it? 🤔

@shawnsdrumcave 2 ай бұрын

Shush... people can't handle the truth

@grumpymonkeyenterprises6413 2 ай бұрын

But bellweather counties can lose that status due to demographic or political preference over time. Notice how it starts at 1984? The stats on how people vote don’t usually stay the same after 3 decades. People die or move. Also why would this shadow government let trump win in 2016 if they could’ve just rigged it? Please show me any source that proves the election of 2020 was rigged. Other then from overlord trump and his homies. Maybe like someone who wouldn’t benefit from that “truth” actually being real.

@valtonen77 Ай бұрын

yeah its crazy how voting works. One side gets more votes and the other side cries about it for 3 years and tries to stop transfer of power in poor attempt.

@grumpymonkeyenterprises6413 Ай бұрын

U do know those bell weather counties change over time ? People die and move. Those stats start in 1984, the demographics have changed my conspiracy theory friend. Keep grasping for anything

@djtomoy 25 күн бұрын

People are always moaning that everything is too expensive, that’s life y’all, you want a ham sandwich- it’s expensive, you want a fridge freezer- that’s expensive, you want a private yacht with a helipad and a satellite dish- that’s expensive too.

@JoJo-ie8sl Ай бұрын

Those are great policies but if you can't afford rent or groceries youre not interested in manufacturing growth in another state

@TacticalH3 22 күн бұрын

I’m getting more fit in my old age, I can now lift a $100 bag of groceries with one hand!

@googons Ай бұрын

"People saypeople feel that they hqve a hard time but they are wrong" With the price of gas this has to be some expensive gaslighting😂

@Amite-zg2ob 2 ай бұрын

Last 3 years "Median Household income" is actually Negative -3% St Louis Federal Reserve 4 more years

@andrp411 2 ай бұрын

Let’s go Brandon!

@ryanm5392 2 ай бұрын

Akayla on the big screen! Congratulations on a spectacular presentation. Love from High School classmate😁

@m.v185 Ай бұрын

Who needs affordable food when you can have bike lanes

@ImpreccablePony Ай бұрын

Are those mutually exclusionary?

@m.v185 Ай бұрын

@@ImpreccablePony all i know is we cant afford food, but we have nice bike lanes

@ImpreccablePony Ай бұрын

@@m.v185 Pretty sure bike lane funding cannot go to welfare. Waaaaaait a minute. But Trump is even more anti-welfare than Biden. How voting for Trump will make you afford food anyway?

@dex624 2 ай бұрын

Hey Bloomberg, I really like how you put this segment together. Thanks for sharing a little about the Lehigh Valley!

@rolandnelson6722 2 ай бұрын

Bob Dylan would disagree that people need to wait for the advertising to know which way the wind blows.

@nicholasking7120 Ай бұрын

Dude put his NAME on the horrendous economy package 😂😂😂

@NATESINTERACTIVEAUTO 2 ай бұрын

I thought this would be honest, but typical. Have a great day.

@ryanyoder7573 Ай бұрын

The economy is not working for the American worker.

@cherokeevolfusa2891 Ай бұрын

This is what the numbersexuals in DC ignore. Young people can't afford to have families until much later. People's rent has increased dramatically in the past few years. Grocery shopping is literal pain. Many people are working two jobs to survive. The average house earned more than the average worker in the past few years. Sure, the wealthy are doing absolutely great right now, but everyone else is feeling the pain.

@V555Vendetta Ай бұрын

@@cherokeevolfusa2891this is one thing conservatives misinterpret and liberals just ignore People are raging against the machine they know something is wrong but they can’t point at the economy as a system yet as the problem in itself, used as an altar to sacrifice the working class. Just like China

@michaelcullen6923 Ай бұрын

Enough is enough. Let PA and the other Yankee rust states do it on their own. The South is doing better and can do much better without this rusted albatross of the North around our necks.

@nunyuhbusiness9016 Ай бұрын

Like an old friend used to say: "Lawdy Lawdy the south shall rise again!"

@jasoneg3 2 ай бұрын

Thank goodness this is objective, hard-hitting journalism and not just, you know, like an ad for Biden and how great things are. Otherwise, we'd be in real trouble. Thanks, Bloom!, for this hard-hitting, tough reporting full of facts and opposing opinions on Biden. Restores my faith in journalism!

@avradio0b Ай бұрын

For real. It's very difficult to learn anything about the economy when things are so politicized. Fox news says immigration hurts the economy, MSNBC says immigration helps it. Maybe the truth is somewhere in between, maybe one side is right, or maybe everyone is wrong.

@niks966 2 ай бұрын

Bidenomics and Bad-enomics...

@JL13675 Ай бұрын

I've never seen inflation this bad.

@jayceh Ай бұрын

American manufacturing renaissance = massive inflation

@ophs1980 2 ай бұрын

Can someone name what the money from the Infrastructure, Clean energy, Inflation reduction or Chips Acts has been spent on? There doesn't appear to be anything being built or repaired and the cost of things is still going up.

@user-iy3gx9qg4y 2 ай бұрын

there's tonnes of coverage on youtube of new stuff being built with that money. seriously, you people are just ignorant.

@even1313 2 ай бұрын

@@user-iy3gx9qg4y I don't need new things built when the roads around where I live are so bad I'm scared to drive on them. Every day I worry about hitting a pothole wrong and damaging my car which means I have to take time off from work to get it fixed. I don't live anywhere near public transportation so that isn't an option.

@microwaves25 2 ай бұрын

Ignorant commnt. Just do a very basic search and you'll find a bunch of infrastructure projects funded by Biden plan.

@LanNguyen-vd4zt 2 ай бұрын

Did you just crawl out under a rock?

@kingace6186 Ай бұрын

You blind? Or willfully ignorant. Even Bloomberg has done a video on that execution of the IRA.

@bigz4302 Ай бұрын

It costs over 1,000$ for me to provide food for my family. Under Trump, it was about 600. This is why biden is losing

@nunyuhbusiness9016 Ай бұрын

Same. Under trump I could afford a home, new car, gas, groceries, and bills. Heck I was on my way to being lower middle class. Now that's all gone.

@elkillerx Ай бұрын

True. Everything is much more expensive now. Before Biden, I was planning on buying my first home. Unfortunately I've had to put that aside for now.. Housing has gone up so much and interest rates are still very high. Sadly, I think it's still going to be much longer before we see any sort of relief.

@nunyuhbusiness9016 Ай бұрын

@@elkillerx it's crazy how bad things can get in just a few years.

@Phlegethon 2 ай бұрын

No more Biden please

@kingace6186 Ай бұрын

4 MORE YEARS!💙

@levismith7444 Ай бұрын

@@kingace6186sleepy joe 2024 😂😂

@nunyuhbusiness9016 Ай бұрын

@@kingace6186 dude we can't afford it.

@V555Vendetta Ай бұрын

We need rfk

@civildk9077 Ай бұрын

"Bidenomic's Buffet"? Dinner from the 'food bank', again.

@franciscogomes9844 6 күн бұрын

I think she's the prettiest journalist I've ever seen, couldn't even focus on the subject

@aprilkenock9367 29 күн бұрын

Prices up, wages down, I used to smile, but now I frown....who you gonna blame? JOE BIDEN!! Who you gonna blame? JOE BIDEN!!

@cyrusmorales4880 2 ай бұрын

7:16 The narrator speaks about how "...more people working in manufacturing in the Lehigh Valley under Biden..." which is true but the same graph literally shows more growth under Trump's presidency.

@trulyvvlx 2 ай бұрын

Are we looking at the same graph? Under Trump it shows a peak of 40k, while under Biden 42k. Not to mention one Admin had to take control during a pandemic.

@cyrusmorales4880 2 ай бұрын

There may have been a profund difference in Trump's numbers vs Biden's numbers if the pandemic did not happen. That sharp dip in 2020 is due to the pandemic. Normalcy has returned under our current presidency, but growth here stopped happening since 2022 and there is not much more time for any significant growth to happen.

@CP-pg5mg 2 ай бұрын

@@cyrusmorales4880 "Normalcy"

@whitehavencpu6813 19 күн бұрын

@@trulyvvlx he said growth, not peak.

@whitehavencpu6813 19 күн бұрын

@@trulyvvlx the growth under Trump went from ~36K to 40K in 3 years, despite it being stagnating at around 34K-35K under Obama for 8 years. While Biden only managed to grow the peak to 42K from 40K. Trump doubled growth compared to Biden.

@joeovip 2 ай бұрын

Don Cunningham seemed like a cool guy. Would love to hear his full interview with his experience and perspective.

@andrew3939 2 ай бұрын

Great video and a strong, balanced piece of journalism where real people's opinions are front-and-centre. Well done, Bloomberg.

@stevenw3988 Ай бұрын

If you like ads for Biden lol

@grumpymonkeyenterprises6413 2 ай бұрын

That first dude in the green jacket was really interesting and smart

@brandonhambrick2595 2 ай бұрын

nice journalism thank you for your service

@DaveNalder-dk4md 2 ай бұрын

Down with Bidenomics.

@The_Adam_Smith_Simp 2 ай бұрын

I love how you’re conflating Biden’s policies with the manufacturing worker trend in Lehigh and ignoring how that was the projection pre-COVID which severely increases since Trump came in. (Not a Trump supporter btw…)

@samuelross9884 2 ай бұрын

People are working harder than ever, and can't afford to buy a house; rent takes 40% of income, shopping for food cleans out their wallets. That's the current economic situation.

@valtonen77 Ай бұрын

yeah its wild what can happen when regulations dont exist and big corporations can be as greedy as they want.

@samuelross9884 Ай бұрын

@@valtonen77 What does that have to do with the price of tea in China?

@valtonen77 Ай бұрын

@@samuelross9884 What does that have to do with anything you said originally?

@TheCoolsparks 2 ай бұрын

Why only focus in one area and conclude that Bidenomics is problematic

@The_Adam_Smith_Simp 2 ай бұрын

Sure, just leave out the two main facts that jobs are returning from the response to COVID and government spending has extended the length of the level of inflation we have.

@alexanderclaylavin 2 ай бұрын

Traditional raw materials and commodities are not America's future. value added manufacturing on the German model--that's the ticket.

@lesliewubbel9157 2 ай бұрын

This is near my hometown!

@phukrnd840 2 ай бұрын

sorry

@othosos Ай бұрын

Trump 2024

@dhdyrjfmenrydka 2 ай бұрын

7:46 thank you guys for giving us charts - non opinionated report, gracias

@sthembisomyeza4939 2 ай бұрын

Food market is the way if even still have one in community

@act4change_co 2 ай бұрын

The Feds aggressive campaign against inflation has harmed exports since the USD is strong compared to other currencies. At the same time, it has hampered domestic demand for items due to higher borrowing costs. We have consumer goods and grocery chains keeping prices high. Homeowners are reluctant to trade homes for a higher mortgage rate which increases home prices, motivating builders to increase new construction. It will likely be another 6 years until the benefits of CHIPS and IRA Acts is broadly felt. At that time, some other administration will receive the tail winds and of it and try to claim responsibility.

@advancetotabletop5328 2 ай бұрын

Low unemployment? Want fries with that? And slowing inflation does NOT mean the lower prices back at the grocery store!

@timhammond1244 2 ай бұрын

Contributors and guests on bloomberg do not believe prices will come back down due to corporate strategies and competition for margins. Most corporations see that consumers are tolerating higher prices and they do not want to get smoked by competing brands by lowering their prices. Not sure if Biden or Trump would actually tell CEOs they have to lose money to make Americans feel less anxious. No one wants to be anti-business or anti-wall street.

@PelosiStockPortfolio 2 ай бұрын

Deflation is what causes lower prices. Deflation also crashes entire economies like in 2008. You might think you want deflation, but you dont

@doujinflip 2 ай бұрын

Right, deflation means nobody wants to buy, including on what _you_ want money for.

@kennethferland5579 2 ай бұрын

Are you seriously saying that their needs to be deflation back to pre pandemic price levels to be satisfied? No government on Earth could have done that.

@24killsequalMOAB 2 ай бұрын

@@PelosiStockPortfolio Deflation didn't cause 08, Banks knowing that the Fed would bail them out did.

@kevinbrown1179 Ай бұрын

Inflation is going to remain high as we onshore work. It will be around at least a decade.

@nathangamble125 Ай бұрын

The economy is growing, but not all parts of society are benefitting.

@sionbarzad5371 2 ай бұрын

Only the rich are doing well in this ''new'' economy.

@squibbelsmcjohnson 2 ай бұрын

Yup

@plutodestroyer12 2 ай бұрын

the guy said “obviously the economy is doing great but not everyone feels it”. what does that even mean………..

@KingMikolaj 2 ай бұрын

definitely. I think its starting to hit a tipping point post covid under biden where people are struggling to afford food and housing. This trend has been happening since the 70's and covid just amplified it. I don't think it is Biden's policies that caused it though. I hope he isn't the one blamed for it. It doesn't help that the news keeps saying the economy is doing great when it only does well for top earners with assets and high incomes in "high skilled" jobs. People who can't afford groceries or find a job feel gaslighted.

@whitehavencpu6813 19 күн бұрын

@@plutodestroyer12 It means he's disconnected, he's the few rich people that benefited from Bidenomics.

@eversor431 2 ай бұрын

2:13 The inflation surge was totally unrelated. -"Economists"

@vatefairefoutre0 2 ай бұрын

can't just focus on the consumer and jobs economy... time to focus more on the reality we are all burdened with... being locked out of the ASSET economy. housing, housing, housing. PERIOD. until our leadership seriously addresses this... many will not be happy with our "economy" unless you somehow double everyone's wages and keep housing the same as it is. why do they never bring this up in pieces like this??? the rents are insane compared to wages in my area, and housing is something I barely even consider. are we living in crazyville? lol

@divinityofblackness6330 2 ай бұрын

everything is too expensive right now!!!!!

@blueskyloo 2 ай бұрын

can anyone help me with this query ??? will the steel produced in US be less expensive, than that which is being imported into USA??

@Emmy-J 2 ай бұрын

Whats to say those cities will not misuse the funds like they do so many times. Is there an overseer for those funds. Guess it doesn't matter because they will just get a cut too to ignore any wrong doing

@user-th4ri8dt9s Ай бұрын

🤓🤓When governments invest in infrastructure it allows businesses to create jobs... Yah no sh... It also increases GDP 😂😂BECAUSE IT INCLUDES GOVERNMENT SPENDING... Sad that something can have Bloomberg in its name and have 0 knowledge about economics

@Julian-uy1iw 2 ай бұрын

❤

@TheNecessaryEvil Ай бұрын

If only everything we warned you would happen in the last election hadn’t all happened. Oh but it did. And you voted for it. Enjoy never being able to afford a house. Thanks, Joe!

@PatrickRyan150 Ай бұрын

I haven't seen any infrastructure projects in my city. Bridges are closed instead of being repaired. Where did the funds go?

@voldem0rt 2 ай бұрын

Propaganda

@PrivateInvestigatorIRL 29 күн бұрын

" The economy is doing great" - Right there. That's it right there. This guy is why we feel this way. Your numbers mean nothing when we cant keep the lights on or food in the kitchen. The more you lie and say things are great, the angrier we get. So please, continue talking.

@ddevarapaga5134 2 ай бұрын

the anchor is beautiful

@user-ob8jk2kg6t 2 ай бұрын

I was surprised by her speaking English so well. I was surprised by the lack of Ebonics

@wanderingfido 2 ай бұрын

Is this video using sarcasm to try and be a parody of a defunct organization? Or is this just AI-generated gaslighting? I'm confused.

@Gocubsgo1958 2 ай бұрын

I am a senoir living on social security i am am not getting enough money ..why is social security not raised to keep up with inflation ..my social security is lower than the poverty level .this is outrageous

@mikedavis6266 2 ай бұрын

Because congressional Reprubl9cans block adequate increases.

@yourmother211 Ай бұрын

Do you really think trump would do anything to improve social security?

@cherokeevolfusa2891 Ай бұрын

@@yourmother211That's not what they asked.

@nunyuhbusiness9016 Ай бұрын

Social security was never meant to be lived off of. It was meant to be combined with a 401k/Ira and pension.

@oldfart6935 Ай бұрын

inflation just rose by 0.4%. so much for the inflation reduction act.

@justintelesha4113 Ай бұрын

Puff piece

@kingstonstreet3726 2 ай бұрын

This problem started way before pandemic when they were playing politics with tariffs for soy,corn,etc . I don’t think either one is better than the other they both only looks for themselves and their friends best interests not public interest.

@firstlast8258 2 ай бұрын

Unless it's voting time 🤓 🖕