Kolek planning to go pro
Those blaming Biden for the high inflation will, I am certain, now give him credit.Market is already pricing in rate reductions next year.
cars are being repossessed at one of the highest rates ever. credit card debt is HIGH. people dipping in to retirement funds, people are struggling to get food on the table, fill their gas tanks, fewer people are being recruited to fill Christmas shopping time period-thanksgiving thru Christmas/new yearsnot only are "things" more expensive, but you are getting LESS of itAND, we are running out of coffeehard to gaslight people over the grumbing of their empty stomachs
I assume you exclusively blame 3 years of Biden admin policies for all the things you listed?
yes, pretty much soif you want to compare numbers with pre & post ice cream breath, i've got my popcorn, mixed nuts, cheese & crackers, chips & dip, and a couple of cold na brewski's going. let me know when you're ready to show me your slide show.
So none of the things you listed were going on before he took office?
You do realize that the stock market isn't the economy, right? Despite inheriting the biggest economic mess any president handed his successor in nearly a century, Biden's economy has been resilient and improving for 3 years. Record employment, growing GDP, solid union gains, infrastructure being built, etc. And all of that - as well as a market back near its all-time high - has been accomplished in a rising-rate environment.
You and I can argue about today's inflation and high interest rates forever. Both of us will have good points. But the reality is that much of the inflation has been caused by the stimulus programs during the Covid-19 pandemic, which put trillions of new dollars into circulation without any real economic growth. Add to that an inflationary infrastructure program that was more porky than Porky Pig and you end up with inflation we haven't seen since I was at Marquette.
The electorate, as we all know, votes its pocketbook. While you're right that more people are workling than ever before and unemployment is at historical lows, people are working harder and earning less in real terms. That's the irritating factor that's got the President in trouble and the Cheeto on the move.
Brother MU:With all due respect to the sitting President, Daffy Duck could have been elected and presided over an improving and resiliant economy. Our 2020 economic problems were not the result of the then President, but rather the fact that we all but locked the country down in 2020. There was enormous pent up demand for goods and services going into 2021 and whomever had been elected President would have benefitted from it.You and I can argue about today's inflation and high interest rates forever. Both of us will have good points. But the reality is that much of the inflation has been caused by the stimulus programs during the Covid-19 pandemic, which put trillions of new dollars into circulation without any real economic growth. Add to that an inflationary infrastructure program that was more porky than Porky Pig and you end up with inflation we haven't seen since I was at Marquette.The electorate, as we all know, votes its pocketbook. While you're right that more people are workling than ever before and unemployment is at historical lows, people are working harder and earning less in real terms. That's the irritating factor that's got the President in trouble and the Cheeto on the move.As a final thought, the economic problem in 2020 was caused, as I noted, by Covid-19. Not sure if you lived through the late 1970s but that one made this environment look like a Sunday walk in the park. 2008 was no picnic either.
I'm not sure if they are working "harder," but you are right in that in 2022 they took home less in real terms. I would like to see what 2023 looks like though because inflation has eased.
Not everyone can afford to invest in stock market. Many many many middle class struggling with every day needs, rent gas food energy. They are spending all of their money on “life stuff”. Depleting their savings, preventing many from buying homes, having their cars repossessed running CC debt up, dipping into retirement savings etc etc rents for apartments are way up, can’t afford basics You guys are out of touch with people who have less than most of us
Which stimulus programs?Which Biden policies have caused people to work harder but earn less?
You're so, so, so close to the answers here
You seem to ask a lot of questions to things that are obvious if you are paying attention. Within hour one of his presidency he signed a number of orders that set the tone and the dominos started to fall. It wasn’t an accident. All the regulations, clean blah blah if you know how our economy works… we are about to have to spend $540+ BILLION dollars on illegal immigrants. Director Wray just told us this morning our country is under more duress than ever from outside threats due to bidens open border. Umm walls do work ya know they use them all the time for themselves
Well then bring it on home jes!
we are about to have to spend $540+ BILLION dollars on illegal immigrants. Director Wray just told us this morning our country is under more duress than ever from outside threats due to bidens open border. Umm walls do work ya know they use them all the time for themselves
$540 BILLION is an incorrect figure.They're not illegal immigrants.The border isn't open.Wray didn't blame Biden.Your ability to get so many facts wrong in such few words is truly impressive.