Just wait until end of this year . . .

Also, whoever wins election will determine a lot of the overall news coverage on economy. If Trump wins, the homeless, lack of affordable medical care, and many other now silent issues will become page one again. If Biden wins, will be most of the same as now. All good, nothing to see here.

CDUB98 said:

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Quote:

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the stock market is up 30% since his inauguration.

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The stock market is not the economy, especially in this environment of free flowing money. The fundamentals have been whacked since 2008.

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Not saying you are wrong. But Trump spent the majority of his admin arguing the opposite. Hard to reverse course on that narrative now.

I don't give a **** what that dumbass had to say. Trump was wrong too.

I guess you haven't been paying attention. I'm not exactly a Trump humper.

My 401k loves bidenomics.

Quote:

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If Trump wins, the homeless, lack of affordable medical care, and many other now silent issues will become page one again. If Biden wins, will be most of the same as now. All good, nothing to see here.

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So much truth in this sentence. If Trump wins, within two weeks you are going to see "new stories" about how the global marketplace is reacting negatively to the Trump victory, and by the time of inauguration, it will be full blown, "we're all going die" type of economic discussion.

Remember this absolutely embarrassing pump for "Bidenomics"?

What a steaming turd that was.

Holy ****, Joe! 16 cents! We're all getting Lambos

Planning a cookout this year? Ketchup on the news. According to the Farm Bureau, the cost of a 4th of July BBQ is down from last year. It’s a fact you must-hear(d). Hot dog, the Biden economic plan is working. And that’s something we can all relish. pic.twitter.com/7h9qLauIbC

— The White House (@WhiteHouse) July 1, 2021

Detmersdislocatedshoulder said:

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Birdwatcher said:

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I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

These successes won't matter if he can't do something meaningful with the border immediately. I am aware he's being blocked by the ultra maga right, and that is the only issue they have going for them, but he has to do something. The economy and women's rights won't win this election.

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birdwatcher i will not be mock your opinion but yet marvel at what you posted. it is absolutely amazing to me that anyone who lives in america would actually believe what you just said. it is hard for me to fathom. i know there are people like you who think what you think but damn man it's shocking.

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Bawahaha. I notice you haven't been around much lately, unfortunately. This is par. So far out there I cant decide if it's deliberate trolling or a terrible understanding of economics. Notice they never discuss spending or the destruction of energy independence.

Detmersdislocatedshoulder said:

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Birdwatcher said:

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I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

These successes won't matter if he can't do something meaningful with the border immediately. I am aware he's being blocked by the ultra maga right, and that is the only issue they have going for them, but he has to do something. The economy and women's rights won't win this election.

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birdwatcher i will not be mock your opinion but yet marvel at what you posted. it is absolutely amazing to me that anyone who lives in america would actually believe what you just said. it is hard for me to fathom. i know there are people like you who think what you think but damn man it's shocking.

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lmao.

If he cant do something meaningful immediately? It's been 3 years, bro. And it all started when his dumbass started removing Remain in Mexico and all the other **** Trump did to have record low crossings.

We dont need a bill, we need him to stop being such an idiot and re-print out and sign all of Trump's executive orders.

Aggie1944s Kid said:

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My 401k loves bidenomics.

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So have you must be planning some market shorts.

Birdwatcher said:

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I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

These successes won't matter if he can't do something meaningful with the border immediately. I am aware he's being blocked by the ultra maga right, and that is the only issue they have going for them, but he has to do something. The economy and women's rights won't win this election.

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There's a lot of potential pitfalls in chasing metrics. We agree that many of the models that are focused on, Biden performed quite well. There is always that which is unseen and I am afraid we'll reap that harvest sooner than later.

Just so I'm on the same page, when you refer to ultra maga right, you are referring to a group of people that want existing immigration law enforced, correct?

Was it Biden killing the pipeline, adding a moratorium on drilling, and trying to kill domestic energy production so we can depend on foreign sources for energy that contributed to a soft landing? ...or was it the trillion dollar infrastructure bill (that was mostly not infrastructure) and the nearly trillion dollar "inflation reduction act" that was actually a climate bill (green new deal lite) during an inflationary period that helped us with a soft landing?

a "soft landing" instead of a recession (yet) just might be due to other factors instead of "bidenomics" and the brilliance of Joe Biden's handlers' big brains. Our currency still devalued at 40 year record rates for a while and inflation is still at a rate much higher than normal and the world's reserve currency being devalued is driving inflation globally. The stock market is way overvalued along with the devalued currency and could still be ripe for a crash.

as much as Joe, pravda, and the brainwashed masses that want to be heroes and defend Joe and Bidenomics want to believe it's just a "messaging" issue to the lowly serfs and plebes who are struggling with prices of everyday goods, it's not. Bidenomics is a big fail, no matter the messaging.

The investor class with stock and real estate and similar investments that increase in value with inflation are doing pretty well. That same class had much more discretionary income and can absorb inflation by making personal adjustments much more easily.

The labor income class with few investment holdings or on fixed income or that doesn't have investment returns that increase in value with the inflation of the dollar are getting HAMMERED by inflation. They were already living in narrow margins, debt financing, or even paycheck to paycheck with little discretionary income, and 15-20% inflation is really making life painful and difficult for them.

The ivory tower coastal elite democrats don't seem to understand or relate to this. They just fall back on the old reliable: cause financial suffering, blame others, then promise relief with welfare handouts that they can use to purchase political power with.

MouthBQ98 said:

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The investor class with stock and real estate and similar investments that increase in value with inflation are doing pretty well. That same class had much more discretionary income and can absorb inflation by making personal adjustments much more easily.

The labor income class with few investment holdings or on fixed income or that doesn't have investment returns that increase in value with the inflation of the dollar are getting HAMMERED by inflation. They were already living in narrow margins, debt financing, or even paycheck to paycheck with little discretionary income, and 15-20% inflation is really making life painful and difficult for them.

The ivory tower coastal elite democrats don't seem to understand or relate to this. They just fall back on the old reliable: cause financial suffering, blame others, then promise relief with welfare handouts that they can use to purchase political power with.

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We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

MouthBQ98 said:

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The investor class with stock and real estate and similar investments that increase in value with inflation are doing pretty well. That same class had much more discretionary income and can absorb inflation by making personal adjustments much more easily.

The labor income class with few investment holdings or on fixed income or that doesn't have investment returns that increase in value with the inflation of the dollar are getting HAMMERED by inflation. They were already living in narrow margins, debt financing, or even paycheck to paycheck with little discretionary income, and 15-20% inflation is really making life painful and difficult for them.

The ivory tower coastal elite democrats don't seem to understand or relate to this. They just fall back on the old reliable: cause financial suffering, blame others, then promise relief with welfare handouts that they can use to purchase political power with.

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nah. it's just messaging. tell the lol poors whose votes you depend on and who in turn depend on daddy government (because that's how socialism works) that the economy is super-duper wonderful.

Real wages are down. How about those mortgage rates? And the National Debt....sheesh.

Only Suckers would believe "Bidenomics" is really working.

BoydCrowder13 said:

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MouthBQ98 said:

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The investor class with stock and real estate and similar investments that increase in value with inflation are doing pretty well. That same class had much more discretionary income and can absorb inflation by making personal adjustments much more easily.

The labor income class with few investment holdings or on fixed income or that doesn't have investment returns that increase in value with the inflation of the dollar are getting HAMMERED by inflation. They were already living in narrow margins, debt financing, or even paycheck to paycheck with little discretionary income, and 15-20% inflation is really making life painful and difficult for them.

The ivory tower coastal elite democrats don't seem to understand or relate to this. They just fall back on the old reliable: cause financial suffering, blame others, then promise relief with welfare handouts that they can use to purchase political power with.

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We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

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Tax the wealthy more. Invest in social programs

BoydCrowder13 said:

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We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

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Reduce barriers to entry into small businesses. Make it easier to start or work for a small business and enforce monopoly laws. Too many giant companies along with the government stepping on the throats of the little guy.

My personal bills, and cost of living are extraordinarily higher than before he came into office.

My company's costs are through the roof. It's hard to comprehensively explain how negatively we've been affected in such varied ways, in such a short time. And it's not just us...it comes up in unprompted conversations continually; both from my supplier and customers.

To 'help', the administration has been spending and printing, as if there is zero effect. Then they pat themselves on the back, for 'stemming the tide' of their own misdeeds. Hey look, we avoided the recession we started. Oh, hey...look over here...gas is only $3.15 per gallon, which is better than the $4.00 we got it up to.

But knowing all this, some people still try to carry the water for those responsible, and use obscure/myopic data points to support the narrative, rather than looking at the whole picture.

Maybe they truly fall for it, and lack critical thinking skills. But I feel like many people are so scared of being wrong, and doing better, they go through their life like this, rather than trying to do what's best for us all...

this is so laughable. nice try. keep in ming the inflation happening to the every day middle class people. my net expensed have gone up 40% sincebiden has taken office, and i havent added any new expenses. my taxes have gone way up. my insurance has gone way up, my healthcare has gone way up. i would like to purchase second home but thats impossible now with 8-9% interest rates. My spouse needs a vehicle, look at those interest rates.

you really think lower middle class actually believe your polls?

BigRobSA said:

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Birdwatcher said:

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I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

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We were in a recession. Gaslight somewhere else. This isn't a group of stupid people that would believe dumbassery.

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Wait a minute? We were in a recession? Are you sure about that?

RogerFurlong said:

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BoydCrowder13 said:

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We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

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Reduce barriers to entry into small businesses. Make it easier to start or work for a small business and enforce monopoly laws. Too many giant companies along with the government stepping on the throats of the little guy.

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This in bold is their plan. This is Bidenomics. The other name is crony capitalism.

The last thing this crew wants to do is enforce the Sherman anti-trust act. It no longer exist.

The economy has been in the ****ter for the past three years and any slight improvement is only because the Democrats and poopy pants haven't ruined it yet.

No one with half a brain could think that Biden has done well for our country.

Torbush

oh no said:

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E.KingTrill said:

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BoydCrowder13 said:

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MouthBQ98 said:

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The investor class with stock and real estate and similar investments that increase in value with inflation are doing pretty well. That same class had much more discretionary income and can absorb inflation by making personal adjustments much more easily.

The labor income class with few investment holdings or on fixed income or that doesn't have investment returns that increase in value with the inflation of the dollar are getting HAMMERED by inflation. They were already living in narrow margins, debt financing, or even paycheck to paycheck with little discretionary income, and 15-20% inflation is really making life painful and difficult for them.

The ivory tower coastal elite democrats don't seem to understand or relate to this. They just fall back on the old reliable: cause financial suffering, blame others, then promise relief with welfare handouts that they can use to purchase political power with.

---

We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

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Tax the wealthy more. Invest in social programs

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Hugo Chavez agreed

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So did Karl Marx, Lenin, Mao, Stalin, Pol Pot, etc. So much so they murdered 100 million people in the 20th C

Aggie Apotheosis said:

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BigRobSA said:

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Birdwatcher said:

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I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

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We were in a recession. Gaslight somewhere else. This isn't a group of stupid people that would believe dumbassery.

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Wait a minute? We were in a recession? Are you sure about that?

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Yes, we were.

The definition has been around a while. We met the requirements. Facts, not feelings.

Agthatbuilds said:

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It's the cost of things.

Inflation can go to zero and people will be still upset because of the massive and rapid costs increase since biden took over. Is it bidens fault? Probably not, but no policy he passed or promoted did anything to help.

The macro indicators can look good but that doesn't translate to the avg American feeling good about the economy

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Theres not a lot I think they CAN do while inflation is still high. Got to tackle that first. And I think these things can heat up a lot faster than it takes to cool them back down.

BigRobSA said:

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Aggie Apotheosis said:

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BigRobSA said:

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Birdwatcher said:

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I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

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We were in a recession. Gaslight somewhere else. This isn't a group of stupid people that would believe dumbassery.

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Wait a minute? We were in a recession? Are you sure about that?

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Yes, we were.

The definition has been around a while. We met the requirements. Facts, not feelings.

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Really? When?

Aggie Apotheosis said:

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BigRobSA said:

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Aggie Apotheosis said:

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BigRobSA said:

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Birdwatcher said:

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I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

---

We were in a recession. Gaslight somewhere else. This isn't a group of stupid people that would believe dumbassery.

---

Wait a minute? We were in a recession? Are you sure about that?

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Yes, we were.

The definition has been around a while. We met the requirements. Facts, not feelings.

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Really? When?

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The GDP history is out there, Google it.

Aggie Apotheosis said:

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BigRobSA said:

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Aggie Apotheosis said:

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BigRobSA said:

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Birdwatcher said:

---

I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

---

We were in a recession. Gaslight somewhere else. This isn't a group of stupid people that would believe dumbassery.

---

Wait a minute? We were in a recession? Are you sure about that?

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Yes, we were.

The definition has been around a while. We met the requirements. Facts, not feelings.

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Really? When?

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2022, when there were two quarters of negative GDP growth in a row.

Birdwatcher said:

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I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

These successes won't matter if he can't do something meaningful with the border immediately. I am aware he's being blocked by the ultra maga right, and that is the only issue they have going for them, but he has to do something. The economy and women's rights won't win this election.

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It still may be a little too early to spike the football on a soft landing. Some economists still see one on the horizon. Great article by Brian Westbury...

https://www.ftportfolios.com/Blogs/EconBlog/2024/1/22/slower-growth-in-q4,-but-no-recession

The majority of job growth and GDP over the last year has been from growth in government. Government is running at a deficit that, without cuts, will be 143% of ALL DISCRETIONARY SPENDING within 15 years.

There is nothing good or healthy about growing an economy by growing government through deficit spending. The only choices of outcomes in the future from this recklessness (on top of decades of previous recklessness) will be "bad", "terrible", or "worst". And like always, even in the best case (bad), chances are the middle class and lower class will take on the entire burden and inflation adjusted returns will be negative for a very long time.

I wanna know where all these people come from that say the economy is great? Tell them to go buy a house or a car with the Interest rates we have now...The only thing propping up the housing market and economy right now is that a lot of people bought houses when the Interest rates were still historically low, so they aren't feeling the crunch yet as much as they could be....Wait until they have to buy a new vehicle, or they need a bigger house, or the kid grows up and needs their own roof over their head. It may not have hit them all yet, but it will.

Ramdiesel said:

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I wanna know where all these people come from that say the economy is great? Tell them to go buy a house or a car with the Interest rates we have now...The only thing propping up the housing market and economy right now is that a lot of people bought houses when the Interest rates were still historically low, so they aren't feeling the crunch yet as much as they could be....Wait until they have to buy a new vehicle, or they need a bigger house, or the kid grows up and needs their own roof over their head. It may not have hit them all yet, but it will.

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I mean it might not for a while with housing. People just won't move. Retirees may give their house to their children. Young people will be stuck renting for longer.

Things will certainly be different than they were 10 years ago, but I expect people to adapt.

Most people aren't going to give up their sub 3% mortgages. They'll stay or pay with cash.