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Bidenmomics

newtboy says...

Moron.
Bidenomics has put America’s economy far ahead of pretty much everywhere else, with continuing record low unemployment, record stock market increases, record wage increases, record gdp increases, low inflation, and looking like lowered interest rates coming soon.
Bidenomics is the envy of the world. Recovering faster than any other Western nation. Only anti Americans dislike it.

Are you better off today VS 4 years ago

newtboy says...

Because the economy was DEAD
Are you so dumb you don’t remember, @bobknight33?
Oil was actually free because no one used gas and there was a glut, so was money (0% interest) but the economy still tanked, kids quit school to never return, shelves were empty, businesses closed at record rates, unemployment reached record highs, riots in the streets, lawlessness and violent crime rampant and getting worse faster than ever, supply chains were broken nationwide, domestic terrorism constant, stock market crashed. 4 years ago literally everything was the worst it had ever been and was getting worse.
Maga clearly doesn’t remember that, your brains are mush.

bobknight33 (Member Profile)

newtboy says...

So…BOOM back DOWN to a negative GDP, historically high unemployment, closing businesses at unheard of rates, thousands dead per day, closed schools, exploding inflation, crashed stock market, empty shelves, complete supply chain gridlock, civil unrest, a failed violent coup, etc.?

What are you talking about? You MAGA morons always forget about 2020, or think Biden was president then. Hate to tell you, most economic indicators and trends are actually better than before the pandemic that Diaper Don Poorleon utterly failed on, causing irreparable damage to America and the economy in every way.

You are incapable of accepting reality.
You are also incapable of speaking English without making idiotic mistakes a second grader would be embarrassed of…but claim to have earned a degree! 😂

bobknight33 said:

The only "BOOM" is to bring it back to where Trump left off.

Biden is a joke.
You are incapable to find truth due to your bias.

bobknight33 (Member Profile)

newtboy says...

More idiotic stupidity. Anti-American wishful thinking, wishing the economy was tanking so you could blame Biden, but you would never under any circumstances give him credit for the boom…to the extent you actually deny the economy is doing well to avoid crediting Biden. 😂 It’s exactly what Don Poorleon told you to do…he hopes the economy will crash before the election because it might benefit him personally, who cares what it does to America. It’s why MAGA is outraged that a spending bill got through, they want another disastrous government shutdown, and would blame the left for the costly effects despite being the obvious culprits.

The economy is doing great, despite the ridiculous statements that you cut and pasted about “”survey based hope”, whatever the fuck that’s supposed to be, on Bulgarian site zerohedge, an extreme far right propaganda site that is so outrageous in its constant stupid lies only idiots can believe that it’s been banned from google and others for claiming pseudoscience and insane conspiracy theories as facts. https://mediabiasfactcheck.com/zero-hedge/
You cannot think for yourself at all anymore, to the point you can’t even read an article and give a synopsis, all you can do is cut and paste nonsense. What a sad useless state to be in.

And what do you get from them, more ridiculous prognostications of doom and gloom that absolutely never come to pass. “Sure, we admit that under Biden’s leadership everything is great now, way better than Trump left the country/economy, but it’s all about to crash because Biden is incompetent and has just been coasting on Trump’s success for 3 years.” You’ve been trying to sell that absolute insanity for 3 years now.

Facts- GDP up, wages up, inflation down, stock market booming, jobs still at unprecedented high levels, interest rates steady. Is this “report” (that you know I’m not clicking Mr virus) just abut Tesla or Facebook or Toth Senchal? Trump org? Are its stats coming from Dementia Don? Sounds like it. It’s certainly not about the country as a whole.
America’s economy recovered from the disastrous covid (non) response that was the worst among western nations (in 2020 1/4 of worldwide covid deaths happened in America under Trump, 5 times the worldwide per capita average), recovering faster and stronger than any other western nation.

You really need to try real news sources, not just propaganda sites that sell you stories you want to be true. Sucker.

bobknight33 said:

How that Bidenomics going. Not so good is it. The Biden economic clock winding down.

https://www.zerohedge.com/markets/bidenomics-blowback-survey-based-sentiment-collapses-hope-evaporates

Bidenomics Blowback - Survey-Based Sentiment Collapses As 'Hope' Evaporates


Under the hood was even more problematic:

New orders fell at a faster pace; signaling contraction

Employment fell at a slower pace; signaling contraction

Inventories fell at a faster pace; signaling contraction

Supplier deliveries fell and a faster pace; signaling contraction

Production fell at a faster pace; signaling contraction

Order backlogs fell at a slower pace; signaling contraction

Worse still, Prices paid rose again!

So, in summary: slower growth, declining production, shrinking orders, falling employment... and accelerating inflation - is it any wonder that 'soft survey' data is collapsing - not exactly election-winning headlines.




Biden's foreign policy is just as bad--- a bad joke.

FJB MEGA 2024

bobknight33 (Member Profile)

newtboy says...

And more great Bidenomics news. Jobs double expectations, unemployment didn’t go up, stock markets hitting record highs, great gdp numbers, no recession, low and dropping inflation, waiting for the crash Trump hopes for isn’t making it happen.
Ready to admit you were W-W-W-W-W-Wrong on that one? You’ve been saying “just give it time” for a year now, didn’t collapse. 😂

But I get it, admitting your mistakes is hard…if you’re insecure.

newtboy said:

More economic news proving Bidenomics has been great for America. GDP beat all expectations. Unemployment remains at record lows. Inflation is still below 3.5%. Wage growth is above 4.6% (5.1% last year). Stock markets are hitting record high after record highs. The guaranteed recession and likely long term depression forecast for 2022-2023 was avoided completely.
I’m still waiting to hear something that’s not great, and I don’t mean complaining about 2021’s high inflation.

The economy doing great is terrible for Trump, that’s why he’s repeatedly said he hopes our economy crashes and we slide into a depression so maybe he could finally get more votes than his opponent (something that has never once happened in his lifetime).

bobknight33 (Member Profile)

newtboy says...

More economic news proving Bidenomics has been great for America. GDP beat all expectations. Unemployment remains at record lows. Inflation is still below 3.5%. Wage growth is above 4.6% (5.1% last year). Stock markets are hitting record high after record highs. The guaranteed recession and likely long term depression forecast for 2022-2023 was avoided completely.
I’m still waiting to hear something that’s not great, and I don’t mean complaining about 2021’s high inflation.

The economy doing great is terrible for Trump, that’s why he’s repeatedly said he hopes our economy crashes and we slide into a depression so maybe he could finally get more votes than his opponent (something that has never once happened in his lifetime).

bobknight33 said:

What idiotic puke are you spewing.

You get your information from the same rag that say Bidenomics is doing great.

Bidenomics is not great.

How Bad is The Cost of Living Squeeze In the US?

newtboy says...

Another month’s numbers are out….
November inflation was .1%, proving October being 0% inflation wasn’t a fluke.
Yearly wage gains are still well over 4%.
Yes, prices are up slightly, wages are up more. Earning power is skyrocketing.
At the same time, stock markets hit record highs today and the fed stopped raising interest rates….edit: in fact they’re hinting that they plan 3 rate cuts in the next year.
Tell me again what’s bad about the economy bob?

bobknight33 said:

Inflation.

nuff said

How Bad is The Cost of Living Squeeze In the US?

newtboy says...

I’m still waiting for you to explain how 75% inflation over 22 years becomes 150% increased prices under Biden as you claimed. Please, I need your expertise in mathematics to make the world make sense. 😂


To my dumber than a bag of hammers-
😂 🤦‍♂️ 😂
So that’s a “yes”, you do think the economy is worse now than in 2020 solely because inflation is doubled and you don’t understand earnings/purchase power . 🤦‍♂️
I grant you, inflation is still elevated, but down near 2/3 and well below what other countries are experiencing, so is getting better not worse. Hyperactive economies can tend to have inflation issues, and the Biden economy exploded like it was made of lithium deuteride.

Yes booby, prices have gone up on average, they always do…and on average everyone makes more too….much more. If prices go up 3% and wages go up 6% you have 3% more buying power, A GAIN…that’s pretty basic math for it to go so far over your head. In 2020 prices went up near 1.5% (for items still on shelves) but wages went DOWN near 6% (for those who were still employed) for a >7% LOSS in buying power. See how Bidenomics is better yet?

Probably not…ask a 3rd grader…is being able to buy 3% more yearly better than only being able to buy >7% less than last year?

Earning power is rising fast, double inflation, so are GDP and employment rates unlike under Trump when not only was there still inflation (granted much less thanks to the floundering MAGA economy) but wages actually went down significantly GDP went NEGATIVE and up to 20 million jobs evaporated thanks to mismanagement (NZ didn’t have that problem).

When inflation is barely above 3% and wages are rising at near 6%, yes, things cost more, and average people can also BUY MORE you fucking idiot.
I know, that’s keeping two things in your head at once, so impossible for you to comprehend, but trust me, that’s reality. You should try it some time.
You think you have something because inflation went up, largely thanks to Trumps horrific last year of hyper spending and the economic crash his mismanagement caused but also due to Biden’s economic recovery outpacing the most optimistic predictions…but you are too dumb to see the other half of the earning equation…wages. Since earnings are rising at double inflation, people can buy more.
Again, in 2020 wages went down almost 6% with 1.5% inflation (during a massive negative gdp) so earning power went down by almost 7.5%…today inflation is 3.24 but wages are rising at nearly 6%, giving a RISE in earning power of 2.75%. That is a >10% difference, going from a 7.5% loss of buying power in 2020 to a 2.75% rise this year…and no recession. That’s called winning.
Inflation is only one part of the equation, buddy, and is absolutely meaningless without the other parts.

Yes, I repeated myself…I hoped by saying it over and over some might get through.

Interest rates…😂😂😂 true, Biden didn’t lower rates to zero and still have a stalled economy, he had to raise them to combat inflation…it worked, and hasn’t stalled the boom yet. You claim to be rich…high interest rates shouldn’t mean a thing to you…or do you really carry massive debt and aren’t really rich at all? 😂

As a side note, the stock market is also booming, paying great for those who are invested. Similar to wage growth since many (like me) live off investment earnings.

Gas prices have dropped sharply, today below $3 in 1/3 of the country and $.22 lower than a year ago on average. That’s costing LESS! Try again.

Many staple food prices are lower too. National average turkey prices were cheaper than last year, so are eggs. Try again.

According to Edmonds, “ The good news is that, in general, prices have been on the decline since late 2022. In May 2022, the average selling price of a vehicle was about $721 over MSRP. Compare that to July 2023, when the average selling price was about $714 below MSRP.”. Try again.

American's purchase power is rising, under Trump it plummeted like never before. I know, you just don’t understand. It’s ok boob. Adults understand.

I bought a bag of hammers for $10 at a yard sale…it was incredibly smart of me. I got about 10 hammers including 3 small sledge hammers and 2 metal framing hammers. My bag of hammers purchase was quite smart. 😂

Boob, get a brain. You might ask the scarecrow how he got his, because you really need help. I’ve never met a person as dumb and delusional as yourself, and I’ve known some real idiots.

Try this simple example.
Last week a soda cost you $1, and you made $12 an hour ($1 every 5 minutes). This week a soda costs $1.20 but your pay went to $15 ($1 every 4 minutes). Yes, the soda costs more this week…INFLATION!…are you better off now or were you better off with cheaper soda last week? Show your work. (I’m pretty certain that second grade math is just too hard and I won’t see a reply).

THIS IS WHY YOU FAIL EVERY TIME BOOB. BECAUSE YOU DON’T UNDERSTAND WHAT YOU RANT ABOUT AT ALL.
GO TO SCHOOL AND LEARN THE BASICS.

bobknight33 said:

" it’s better by every single measure used to measure any economy."

Gas , food , cars, interest rates all cost more.

-Your dumber than a bag of hammers.

It's OVER For San Francisco

newtboy says...

Market Street/downtown has been a declining shithole for decades. Other parts of the city are thriving. It’s not one of the most expensive cities in America because of the weather.

Yes, petty theft is a problem, but incarceration didn’t solve it, it just cost the state hundreds of millions to house shoplifters. I don’t have the solution, but clearly effectively decriminalizing theft isn’t it.

Looked at the source’s videos, apparently according to him every city in America is failing rapidly and will be a wasteland by 2024….but then he said America’s economy was over, total collapse imminent 9 months ago….and the auto industry was collapsing, tech sector collapsing, Turkey collapsing, Chicago collapsing, New York collapsing, California collapsing, China collapsing, global shipping collapsing, stock market collapsing.
This guy is ridiculously pessimistic even by my standards….and tends to ignore most of the facts. Booooo.

5 Facts About Trump’s Indictments

newtboy says...

Not sure what that has to do with Trump (the rapist) being indicted AGAIN, but…

3.5% unemployment …barely half what Trump left him with
3.2% inflation….half of what the rest of the western world has currently and <.7% above the historical average. 4.7% gdp growth … Trump’s last year was negative 2.3% growth
Stock market is up.
Wage increases are outpacing inflation.
Not sure what you’ve been told is so bad, but it isn’t…especially when compared with the previous disaster.

These are MASSIVE improvements from what he inherited, with all trends now positive.
Sure sounds like Bidenomics is great if you’re an American, or terrible if you’re Republican hoping for a recession to blame on Hunter. 😂

bobknight33 said:

And Biden economics is great???
NOT

bobknight33 (Member Profile)

newtboy says...

3.6%
Remember Trump’s 14.7% unemployment rate!? Remember a negative 2.3% gdp for the year!?! -😂
Always moving the goal post when your predictions fail. That’s not what you said.
You said the revised numbers from May would get worse, they got better.
You said June numbers would be worse, they were better, well above predictions, then revised up.
You said the fed raising interest rates would blow up unemployment and crash gdp, the exact opposite has happened consistently.
You said give it time, July will be worse, July GDP, unemployment, and inflation numbers beat expectations again, by a shitload.
Feds already raised rates, inflation dropped, gdp blew up, unemployment stayed historically low, stock markets boomed…your predictions of a crash evaporated. Try again.

At this rate, we would need to wait enough time for Trump or another failure and moron to have controlled the economy for 6 months before we can expect a downturn…ain’t ever gonna happen, only cultists want a repeatedly convicted treasonous supervillain that created the worst modern economic disaster for president and your people are leaving the cult, not joining up... Sucker.

Stick with Jim/Don until he passes out the flavoraid…I recommend Orange, it covers the cyanide taste. You think I’m joking, but the day will come when he says it’s time for you to die for him…actually that was in 2020 during covid and on Jan 6, but it will come again….time my friend, just give it time,
In the mean time, the economy is soaring contrary to 100% of your predictions for months/years. 😂

bobknight33 said:

Time my friend. Give it time,
Unemployment up at 3.7%
Still excess $ in the system. FED raised rates again. Another straw in the camels back

bobknight33 (Member Profile)

newtboy says...

ROTFLMFAHS!
The numbers are what they are. Sales down. Prices down. Profits down. Value down. Demand down. Monopoly gone.
Grows at 45%??? Only if you start from the years when it was worth absolutely nothing. Last year they lost over 51% of their value, in the last 18 months they lost even more than 60%, and every metric of future success is looking bad for them today.

A few years ago they had almost 100% of the ev market, with better options just now coming on the market they are already at 50% and are in a market share freefall.

Like I mentioned, Forbes economists all expect further TESLA stock decline, one expects it to reach $25 a share, but you know better. (If profits hold, I say $50 is realistic).

You again pretend you didn’t know that the big 3 spent tens of billions tooling up for ev production lowering their profits while Tesla has drastically slowed expansion (boosting profits) since they can already produce more than twice what they can sell and because their operating capitol has evaporated…and still their profits are shrinking like a shrinkydink in a volcano. 11% buddy. Down to 11% profit margin AND SHRINKING.

Are you saying Tesla stock hasn’t tanked?!? WTF?!? Really, I’ve got to hear this.

Lowered prices why? Because they can’t sell the cars they built. Duh. Also because the large government rebates are ending, making the cars COST more for customers without a price change. You blame covid (which you say isn’t real) but Covid isn’t hurting other manufacturers like Tesla.
I’ve seen plenty of F150 ev’s around…but still no Tesla truck. I see more ev’s on the road from every OTHER manufacturer daily, but the number of Teslas I see has plateaued. I’m in Cali, so I see plenty of ev’s.

Derp. I said clearly I called the TESLA STOCK crash. I told you it was insanely overvalued with a PE near 200. I did not say the stock market would crash, although I did expect a recession late 2020 possibly becoming a depression in 21…Biden’s leadership avoided that. 😂 Your damaged brain can’t stay on topic for two seconds. Jeebus.
The market isn’t tanking, my investments have done well for the last two years…unlike under Trump when I lost money….hand over fist in 2020. But I didn’t put every dime I had in one insanely overpriced inflated bubble stock like you claim you did….of course the economy looks shitty, your stupid investment strategy guaranteed you would lose your shirt.

Truth is, yet again, you can’t follow a short conversation without bending yourself in pretzels and changing subjects. That’s ok, I don’t write these for you. You aren’t capable of comprehension. That’s quite clear.

bobknight33 said:

Clearly you have shit for brains.
Tesla grows at 45%+ YoY
ICE manufacturers have been falling about 7% YoY in growth since late 2017.


You shit for brain takling points:
losing major market share -- ARE you on acid?

FACT they lowered prices 6 times -- thats true. -- Go find why.

FACT that now that they have competition,------ Where in your dreams.Ford GM VW ?? Not even close. by what measure are you using? The bolt is possible but it keeps catching on fire. BYD is the closest.


FACT that I called the crash before it happened -- Lets claim Bull shit. The market is tanking -- Yet to you Biden economy is on fire doing great .. Which is it nutboy?

Truth is, yet again you dont know what you are talking about.

Rent: Last Week Tonight with John Oliver (HBO)

moonsammy says...

Greed knows no specific political affiliation, nor does charitability. We should all insist on policies that do more to help those in actual need of it, and to reduce rampant profiteering at the expense of human suffering. Squeezing your captive customers just because you can is a pretty universal "dick move." Imagine if we had solid policies in place that actually encouraged giving a hand up to those who've encountered misfortune, rather than treating them as suspicious and dangerous.

I think a big part of the problem, which I was sad to see go entirely unaddressed by the show, is that owning rental properties is such an appealing option for wealthy private investors. The long-term (and generally short-term) returns on real estate in the US have been absolutely bonkers for many years, and it's a much more stable investment than the stock market can prove to be. Professionally, I've been in a position to have an understanding of the finances of many wealthy people, and damn near everyone with net worth of more than a couple million ends up having quite substantial real estate holdings.

How about we instead find a way to award stable profits to those investing in schools, or public parks, or the arts, or... I don't know, anything else which doesn't ultimately take people out of their homes?

Russian Sanctions and Global Economic Risk

vil says...

We are not hoping Putin will reverse his course, we are hoping (rich elite and military) Russians will decide they would be better offf without war and threatening to destroy the world.

Switching of SWIFT is not a total ban on transactions but is very annoying for russians.

Dependency of Europe on Russian oil and gas is a direct security danger, they do use it to extort (and bribe - see Mr. Schroeder) the west.

China gets paid mostly in dollars, it would be a pain for China to use anything else to buy oil and gas. But nothing is ever certain forever.

Russia will need dollars in any form, even if they have to be black market dolars so they will gladly take Chinese payments in dollars. Also their stock market and currency is... f***ed.

Biden’s first year as President: A Beatles remix

newtboy says...

You’re right, it was a GREAT year for Joe, America’s economy, and pocketbooks. The best gdp growth in decades (CDGDP up 10%), amazing jobs numbers (6.4 million!), and the fastest stock market rise that put money in even your wallet.
2020 was the no good very bad year where jobs, gdp, and the stock market plummeted like never before.
Such a dumb tool, Bob. “Democrats are awful, Trump is great….reality be damned.”

Forget 22 and 24….Biden is going to use Trump’s plans, so no vote totals ever, sieze voting machines before tabulation, claim all Republican votes are fraudulent and discard them, and use the military to crush any dissent. If that doesn’t work, Kamala will just certify the alternate electors and they’ll vote for Biden. Perfectly legal, moral, ethical, and democratic right? Enjoy, you already say that’s totally reasonable and legal. Turnabout is always fair play. D’oh

bobknight33 said:

Not a good year for Joe.

Not a good year for the American pocketbook.



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