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Forum » Why Biden doesn't get credit for an improved economy
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Thread: Why Biden doesn't get credit for an improved economy

post 1692994183 11-07-2023, 05:25 PM
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#31
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Originally Posted By z4v4⏩
No one I know frets over gas prices. If you don't like the buying power of your dollar, earn more of them, son.
That's because everybody you know relies on public transportation, son.

So save your crusher bullshiit for fux sake. Nobody - not one Swinging Richard on this entire forum has ever bought it for one second and nobody is going to start now.
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
post 1692994523 11-07-2023, 05:29 PM
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#32
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Originally Posted By Bushmaster⏩
That's because everybody you know relies on public transportation, son.

So save your crusher bullshiit for fux sake. Nobody - not one Swinging Richard on this entire forum has ever bought it for one second and nobody is going to start now.
Biden's economy is improving because only poor people can't afford the rising living costs

Classic z4 logic
“It’s the bill of rights, not the bill of requests. Rights are not up for negotiations.” Thomas Massie, MAGA enemy #1
post 1692994993 11-07-2023, 05:38 PM
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#33
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Just a couple of points on the oil prices - these are set in the global market, and OPEC are cutting production, so expect further price hikes. Also, the US is a net exporter of oil, so someone is making Tremendous Profits....

The easy way to ameliorate some of the pressure on prices is a national oil reservation policy, but there's no political will to do this, because donors.
My personal pronouns are: Don't talk to me/Fck off
post 1692995273 11-07-2023, 05:43 PM
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#34
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Originally Posted By Weightaholic⏩
Just a couple of points on the oil prices - these are set in the global market, and OPEC are cutting production, so expect further price hikes. Also, the US is a net exporter of oil, so someone is making Tremendous Profits....

The easy way to ameliorate some of the pressure on prices is a national oil reservation policy, but there's no political will to do this, because donors.
Why, that just sounds downright peachy!

Now do inflation. Then do interest rates. Paint a rosy picture of it and convince us!
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
post 1693003773 11-07-2023, 08:06 PM
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#35
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Lolz, improved economy over the pandemic when most everything was shut down for a year. Overall the economy feels like about 2010-11, but the timeline is going in reverse now. It doesn't mean most people will be affected or you have to save every penny (in 2009 I quit my job, went traveling across 3 continents for several months because I knew I'd land on my feet) but people will be affected.

While 'just' an average with some variation, recessions set in on average 6 months after the Federal Reserve has stopped a continual raising interest rates cycle. Either the previous rate raising was the last or we'll see the last one in January. I've been saying for awhile now it would take about 6 months for millions of people sending Uncle Sam $400 a month for student loans they were accustomed to not paying for the downstream effects to take place. So likely in the spring is when it will be clear economic debts have festered. I don't wish for a recession and especially not based on politics but if one pays attention to business news it's clear storm clouds are gathering.

Global shipping giant Maersk has laid off 10,000 this year.
Yellow trucking company went insolvent.
Just today it was announced WeWork is declaring bankruptcy.

We don't even necessarily need to see unemployment go way up for a recession to settle in.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1693004713 11-07-2023, 08:22 PM
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#36
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Originally Posted By Bushmaster⏩
Why, that just sounds downright peachy!

Now do inflation. Then do interest rates. Paint a rosy picture of it and convince us!
I never said it was peachy, just pointing out a fact.
Originally Posted By frankdtank20⏩
Just today it was announced WeWork is declaring bankruptcy.
Meh, that's been a long time coming. Longer than many people expected. Softbank have more money than sense.

I wonder if this has the potential to affect a whole lot of CRE valuations. If CRE owners start feeling the pinch on their balance sheets expect to see a whole lot of articles saying why it's important for workers to return full time to the office, for whatever spurious reasons the propagandists can come up with. Probably "healthy vibrant business districts" and "networking and innovation".
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post 1693006053 11-07-2023, 08:41 PM
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#37
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Originally Posted By Bushmaster⏩
Why Biden doesn't get credit for an improved economy?
because, at best, biden is just fixing the mess he created.
post 1693018773 11-08-2023, 04:22 AM
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#38
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Originally Posted By Maestro⏩
because, at best, biden is just fixing the mess he created.
Well you're half right... Only he doesn't seem to be fixing anything.
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
post 1693018803 11-08-2023, 04:24 AM
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#39
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Originally Posted By Bushmaster⏩
Well you're half right... Only he doesn't seem to be fixing anything.
The only pros is parts of the stock market that are doing well despite him that would be doing better without him lol
post 1693019603 11-08-2023, 04:55 AM
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#40
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Originally Posted By Maestro⏩
because, at best, biden is just fixing the mess he created.
By doing what?
post 1693019733 11-08-2023, 04:59 AM
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Originally Posted By Bushmaster⏩
Why, that just sounds downright peachy!

Now do inflation. Then do interest rates. Paint a rosy picture of it and convince us!
Over 8% interest rates for a 30 year mortgage, but things are amazing!!!!
post 1693019843 11-08-2023, 05:03 AM
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#42
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Originally Posted By Dave22reborn⏩
Over 8% interest rates for a 30 year mortgage, but things are amazing!!!!
Pfffttt... According to Carl Spackler people should just earn more money.

Strange how none of them want to apply that same "logic" to those endless student loan discussions though.
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
post 1693020693 11-08-2023, 05:33 AM
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#43
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Originally Posted By Bushmaster⏩
Pfffttt... According to Carl Spackler people should just earn more money.

Strange how none of them want to apply that same "logic" to those endless student loan discussions though.
I believe credit card debt is now at 1.3 trillion.

As Denver sees record-high evictions, Council pushes through more money for rental assistance

https://denverite.com/2023/11/06/as-...al-assistance/

'I cry every day': Evictions are on the rise in Wisconsin

https://spectrumnews1.com/wi/milwauk...t-small-claims

But hey, look at the bright side, a female with a dick won an election yesterday......
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