Ender772 asked in Social ScienceEconomics · 1 month ago

The numbers may be correct...but how would you fight this statement?

Today is 1 day before Bidens inauguration... Gas is currently $1.95per gallon. Interest rates are 2.25 percent for a 30 year mortgage. The stock market closed at 30829.40 though we have been fighting COVID for 11 months. Our GDP growth for the 3rd Qtr was 33.1 percent. We had the best economy ever until COVID and it is recovering well. We have not had any new wars or conflicts in the last 4 years. ISIS has not been heard from for over 3 years. The housing market is the strongest it has been in years. Homes have appreciated at an unbelievable rate and sell well. And let’s not forget that peace deals in the Middle East were signed by 4 countries—unprecedented! Jerusalem is recognized as the capital of Israe

4 Answers

  • JuanB
    Lv 7
    1 month ago

    Today is one day after the inauguration.  Stock market is up 300.

    You realize interest rates at 2.25 % means no demand to borrow money for investments into the country?

    The number of COVID deaths is over 400,000 with still a month to go.

    Domestic Terrorism, school shootings and other mass shootings have overtaken ISIS Terrorism.

  • Oiy
    Lv 6
    1 month ago

    The numbers are the truth. There is nothing to fight. It is the benefits of protectionism has ever created on earth.  The classical liberal school might defend the free market policy for th US. But we have to take the pay off and forget the pay back.

  • Audrey
    Lv 7
    1 month ago

    Gas has gone up 50 cents a gallon in just a few days. What do you think it will be in a month?

  • Anonymous
    1 month ago

     It just goes to show that Trump probably would have easily won if he didn't always act like such an @sshat.    Otherwise gas is only low because no one is driving anywhere which will skyrocket once things get back to normal.     Mortgages are low mostly because the Federal reserve is keeping it that way to help the Economy.  House values are up because banks are not allowed to foreclose on the 1000's of people unable to pay their mortgage and no one wants to sell their home during a pandemic if they don't have to.  This is creating a new housing bubble that will crash once the banks start foreclosing and people dump their homes on the market after the pandemic.  The current stock market growth is unfortunately speculative and not based on actual corporate profits which is another bubble waiting to burst if the anticipated post covid profits never materialize.  Any middle east peace deal that doesn't directly involve Palestine is insignificant in the grander scheme of things.  Not being in a war is great, but Trump came close a few times with Iran so I'm not going give him any big awards there.      The only good news for you is everyone will blame Biden when all this stuff does happen, so I'm sure it will be an interesting 2024 again. 

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