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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.

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

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

newtboy jokingly says...

To my “Dumber than a box of hammers”

So, 2023 is over…
Gas, below $3 nationwide
Food, below last years prices
Cars, dropped all year in price
Interest rates…not up for credit cards that charge the maximum allowable by law to most customers, but true for loans….but for investments like CDs or bonds it’s a good thing so at worst a wash? It’s not slowing the housing market much.
Even inflation is at 3%…well below wage gains.

Also better, under Biden we avoided a recession everyone insisted was a certainty 12 months ago, and his administration has helped with student loans (and would have done more without Republicans blocking him), prescription drug costs, even car maintenance costs are lower thanks to the biggest infrastructure investment in our lifetimes. Unemployment continues to be at record lows for a record long timeframe.
His DOJ has also prosecuted thousands of cases of ppp loan frauds Trump allowed, recouping some of that easily stolen money.
If Republicans would stop blocking funding, he might fix the border too…we will never know because Republicans won’t pass a funding bill for more officers to catch and courts to deal with the influx, and instead are again threatening to shut down the government over the border without a solution themselves.

Wanna try again?

And I’ve said it before but I’ll say it again…I don’t wanna grow up, I’m a toy’s r us kid. How sad that must be for you.

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.

Newt, grow up.

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.

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

bobknight33 says...

" 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.

Newt, grow up.

newtboy said:

Shows your delusion perfectly.
It’s not worse, it’s better by every single measure used to measure any economy.

Inflation has turned around and is down to 3.24% with wage gains outpacing it by almost double, and wage gains were the highest ever at 15.28 % in April of 2021 under Biden and a record low of -5.89% in April of 2020…who was president then? Low inflation doesn’t mean shit when unemployment is at record highs wages are actually going DOWN, shelves are bare, and GDP is NEGATIVE!!
Negative wage growth is the same as inflation…it lowers earning/spending power…so does losing 15-20 million jobs!
So, combine wage growth and inflation then average in the unemployed at $0 income to get average earning/spending power, you will see earning/spending power was much LOWER in 2020 under Trump even for those that kept their jobs…when you could actually find anything to buy that is. 🤦‍♂️
I know you don’t remember a hour ago, but many of us remember 2020, the terrible, horrible, no good, very bad year in so many ways ending in a coup attempt.

Good management turned what Trump left, a triple decker shit sandwich in a festering sewer and guaranteed recession at best according to every economist, into a boom so great inflation spiked higher than just thanks to Trump wasteful overspending and pure handouts to business owners with completely unregulated no background check no repayment PPP loans, but Biden’s fed handled it and inflation is barely above average and well below all other G7 nations by far.

You think the economy is worse now than record high unemployment record low wage growth record low gdp record discretionary federal spending and record business closures!?!…by what measure buddy? What measure? Inflation is down, earning power is up….WAY UP. Your feelings don’t mean shit….in fact, fuck your feelings snowflake.

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...

So government should just stop paying for previous spending? That somehow saves money? You MUST explain how you think that works.

Seriously…dumping $10 TRILLION from private accounts and TRILLIONS more from the treasury SAVES MONEY!?! EXPLAIN HOW THAT WORKS.

Making it more difficult and expensive to borrow money, harder to sell treasury bonds, and making all future debt payments much more expensive permanently SAVES MONEY?

How does it work when the right has stopped negotiating and gone home until Tuesday, so can’t even get the cuts they demand under any circumstances now?

Inflation is due to excessive government printing more money to spend instead of raising money…mainly under Trump.

If you like getting poorer by wasting tens of trillions of dollars for spite, causing major global depressions, death, and destruction, insanely high unemployment, never before seen levels of homelessness, market crashes, high interest rates, and national bankruptcy, be for MAGA and team.

Edit: New reporting indicates the newest Republican demand to release their hostage, the economy, is a $3.5 TRILLION tax cut for the rich and corporations. More proof they don’t care about debt or deficit, only wealth transfer to the rich as fast as possible.
If you like bankrupting the country and starting a depression by choices be for Trump and team.

bobknight33 said:

So Government should just spending there is not tomorrow.
This inflation id due to excessive government spending.

If you like getting poorer be for biden and team.

bobknight33 (Member Profile)

newtboy says...

ROTFLMFAHS!!!
Biden has cut the deficit in half, by over $1.5 TRILLION PER YEAR since 2020. Trump raised it every year, more than tripling it in 2020! You clearly haven’t thought your position through.

So that’s a “yes”…you support the terroristic taking the economy hostage and murdering it if the right isn’t capitulated too like a kidnapper with his knife to your children’s throats. You think the right thing to do is give the terrorist kidnapper anything they want and let them walk away to do it again next week. Sinking ever lower, Gary.

America doesn’t negotiate with terrorists, that only emboldens them….if you were an American and not a terrorist you would know that.

You support terroristic legislating by blackmail because you know your party is incapable of Democratic legislating and has no love for America or its citizens. You support economy destroying threats because your party only knows how to destroy economies but you hope they can blame Biden if he signs off on any “deal”.


1) you were more than fine with spending like a drunken sailor on things that hurt America when Trump added 1/3 of the total debt in one term, crashed the economy, blew up the debt and deficit, killed 1 million Americans and disabled 2 million, and created 15% unemployment…you actually want to go back. Biden has spent exponentially less, and boosted revenue massively, both help the debt.
2) you moron, paying the bills you already racked up isn’t spending more. Not paying them is WASTING TRILLIONS for absolutely nothing…clearly what the right prefers. You want to max out the credit card on nonsense for 4 years then tell Democrats they can’t spend a dime except on Republican corporate welfare programs or you’ll just not pay the bill and get the card cancelled, knowing it will make the entire family homeless, handing the family farm over to China who holds our debt and can forclose. 🤦‍♂️

Estimates are near 8 million jobs lost and over $10 TRILLION in private stock losses expected in just the short term, far worse if it’s a long term problem…TRILLIONS in government losses and TRILLIONS MORE EVERY YEAR in higher interest rates…a complete government shutdown as government employees go unpaid so stop working (but continue to rack up salaries that will be paid eventually, for not working)…and a global depression worse than the Republican caused deregulation recession of ‘08.

I dare you to claim evaporating $10 trillion somehow SAVES money….I double dog dare you.

You are prepared to get poorer for nothing at all while STILL having the debt grow thanks to Trump’s outrageous spending spree, but are insistent that Republican spending not lose a dime.
Every Republican program should be cancelled first, all those contracts/bills to build the wall defaulted, all those military programs making equipment we no longer use cancelled, million dollar fake “investigations” that have only exposed the criminal hypocrisy of the right and not corroborated a single accusation cancelled, the tax breaks for billionaires and corporations that did NOT create a boom they caused a crash cancelled, any and all federal payments to red states cancelled because it only makes them reliant on the federal government which is like slavery…then not only would no loss of the societal safety net (guaranteeing a wave of homelessness never seen), 1 million vets would not be made homeless, etc AND the debt would actually be lowered.

You love the idea of getting poorer for spite and nothing more, dumbshit. If you just stop paying your credit card, the debt isn’t forgiven, it raises exponentially with higher interest and fees and lowers your ability to borrow more, that’s what’s already happened and will be so much worse in the depression by choice the right wants to cause. The money will still be spent, it will just cost exponentially more to borrow it.

Republicans have left the Capitol for their 5 day weekend to return Tuesday to restart “negotiations” they are pretending to be involved in, meaning default is now guaranteed without some legal wrangling by Biden to end run them. He should have done so in February.

The damage this is going to cause the economy is ten fold what it claims to be trying to save. It is clearly not about saving money, it’s 100% about blocking any democratic legislation by usurping the president is control of the purse strings. You would never accept this from the left. You know it too.

I know anyone not a brain dead cultist slug knows this, this fight isn’t over the debt, it’s about control…control from the minority by terrorism. We need a second amendment solution…only 20 representatives need to miss the vote for sanity to return.

bobknight33 said:

So Government should just spending there is not tomorrow.
This inflation id due to excessive government spending.

If you like getting poorer be for biden and team.

Debt Ceiling Talks Cancelled

newtboy says...

Incorrect, sir.

First, I think it’s a typo, because Republicans ARE the party of defrauding and that’s incontrovertible and undeniable by anyone but bob.

There’s enough Republicans in office that put their politics above country that default is a real possibility. Fortunately they now PLAN to resume talks (but only if no Republican gets upset and balks).
Democrats aren’t playing any game. They should be absolutely refusing to even discuss negotiating over paying our bills and refusing to bankrupt America, but instead are accepting the blackmail scheme and are negotiating away rights and programs to the terrorists holding a gun to the economy’s head.
This only guarantees they will do the exact same thing every year. Any compromise at all is capitulation to economic terrorism, which invites more.

We have NEVER been anywhere near this position. We have “negotiations” over the debt ceiling, but have never gone more than a few days until the responsible limit for delay. We are now at the point where, if we don’t get a plan both sides agree on, get it out of committee, get a full house vote scheduled and taken, move it to the senate for debate, get it approved (hopefully with no changes at all or it returns to the house), get a senate vote scheduled and taken and passed, send it to Biden for a signature, then implement it….all by next Wednesday or we default. (Edit: now consider part of the Republican demands are their as yet unwritten NEW spending cut bill be passed BEFORE that entire process even starts).
We have never been within four months of this point, and there’s been some amazing money juggling and many projects “postponed” (cancelled) that had won hard fought congressional approval and funding just to stretch our ability to pay debts this far.

We hit our borrowing/debt limit in January, what’s normally considered the “due date”. In the past, negotiations have never come closer than in 2011 when it got to only two days until the debt limit was reached, and it cost well over a billion dollars in higher interest rates alone. We are now over 4 months past that point today, with absolutely no plan on how to move forwards.

This is not normal, has not happened every 4 years, and in fact has never once happened in our history. I expect our national “credit rating” to slip even if we pull off a Hail Mary, which is looking less likely daily. We’ve already lost hundreds of millions in lost international investments because who wants to invest in a country trying to bankrupt itself?

oblio70 said:

Blame:
Republicans- they will NOT defraud as they say they will ($-interests).
Democrats- playing same Republican game; won’t call them out.
Media- supporting lie of threat of defraud.
Biden- words worthless; Republican in deeds .
The people- blind acceptance

We have been here every 4 years since the 90’s, and its always the same story. So old!

bobknight33 (Member Profile)

newtboy says...

You have no clue how economies work. That’s obvious to everyone.
Every professional economist will tell you clearly, the attempted blackmail using the debt ceiling as a hostage has already cost hundreds of millions or more in lost revenue/investment, and will cost TRILLIONS if our credit rating is lowered significantly, which it will be soon.
How much of that spending was Republican spending (and unprecedented economic losses) from 2019-20?
How much did they/you care in 2017-20? ZERO…that’s how much.

The economy was doing great under Biden until over leveraged banks started failing. It’s still doing well, but could falter. The bank failures are 100% due to thoughtless deregulation by maggots.

“What the Republicans passed is fair even if Democrats dont like it.”
You don’t even know the topic now? “Whatever the maggots passed”…like trillions handed back to billionaires then claiming poverty, claiming millions to feed children bankrupted us, not TRILLIONS TO BILLIONAIRES. (Or do you mean the MAGA brainless budget proposal guaranteed to create a depression, massive unemployment, and doubling or tripling the homeless while bankrupting the nation?). You are such a silly little boy.

What they should have done is repeal the Trump handouts, reinstate reasonable corporate rates (with minimum tax rates so no company and no one making $75k pays zero), that would erase any need to raise the debt, but to your ilk that’s a non starter because those poor billionaires need that money for buying and destroying companies like Twitter.

ROTFLMFAHS!! First, Bush left two wars off those books, then crashed the economy into depression. Obama pulled it out and left the economy healthy and growing. Trump in 4 years, starting with a healthy economy and balanced budget spent as much in 4 years as Obama in 8, raising the spending levels like an rocket and lowered the income of the government by trillions, made gdp a NEGATIVE number, unemployment skyrocketing like never before in history, (and don’t forget over 1 MILLION DEAD Americans and what, 10 million disabled?)

Government has both an income and spending problem…wasting $40 billion on a fence that has INCREASED immigration rates (but refusing to increase border control spending to hire more agents)…wasting $10 billion on a border stunt by Texas that didn’t catch a single smuggler but caused shortages and gridlocks at the border and ports for weeks. Outraged at the idea of staffing the IRS enough to enforce tax laws despite it being guaranteed to make billions in recovered taxes that otherwise go unpaid. Causing billions to be spent protecting government workers and buildings from terrorist maggots and their mobs and death threats and bombs, molotovs, guns, nooses, etc.

Social security isn’t a general fund item, dummy. Cutting it doesn’t put money in the coffer, it merely lowers how much workers pay into their accounts and takes some from those who already paid in.

Bank failures are due to deregulation that allowed over investment without cash reserves so when interest rates went above zero, which was guaranteed to happen sometime, they were guaranteed to lose their shirts. Regulations were put in place to make that 100% illegal after 08, and were removed in 18 guaranteeing a repeat.

Inflation caused by 1/3 of every dollar being created out of thin air under Trump while our GDP tanked. Both caused inflation.

Yeah, sure…Trump caused the crisis, failed to properly address it exacerbating it by a factor of 10, finally started to a hundred days late and billions of dollars short. Biden turned a negative Trump gdp around to positive, fixed the unprecedented high unemployment under Trump, and got Covid under control…but it’s Biden that broke the camel’s back with his 10% contribution, not Trump’s 90%….in fact we should get Trump back and get the ball rolling downhill again. 🤦‍♂️

Blaming both sides (which you are attempting) doesn’t solve the problem. Solving the problem solved the problem, and Biden has solved many problems Trump left behind and solves more every day while Trump gets another indictment for criminally personally benefiting from mismanagement, fraud, thefts, sale of state secrets, covering for murders, vote fraud FOR HIM, etc.

Trying to blame Dark Brandon for the horrific mess Trump left does not solve the problem, it attempts to distract from it with nonsense.

bobknight33 said:

MEGA has nothing to do with it.

The economy is like it is because of too much spending too quickly. Look at the increase over last 4 years.

What the Republicans passed is fair even if Democrats dont like it.

What they should have done is pass 1.5 Trillion increase with the only exception is that both sides cut programs 5% across the board, set budget to last years tax receipts.


From Bush 42 with 12 Trillion to today 32 Trillion in about a Decade.
Government does not have a $ problem they have a spending problem.
Government steals enough $ from Americans.

Yes military and social security needs to be cut as well.. Both side need to do and not blame each other. Just get the job done.

Bank failures are due the interest rate hikes. These hikes are put in place to drive down inflation. Inflation is caused ( mostly) by dumping more $ into the supply as noted above.


Trump might have started it but Biden's $ increase
is the straw that broke the camels back.


Blaming both sides doe not solve the problem. Solving the problem solves the problem.

bobknight33 (Member Profile)

bobknight33 says...

MEGA has nothing to do with it.

The economy is like it is because of too much spending too quickly. Look at the increase over last 4 years.

What the Republicans passed is fair even if Democrats dont like it.

What they should have done is pass 1.5 Trillion increase with the only exception is that both sides cut programs 5% across the board, set budget to last years tax receipts.


From Bush 42 with 12 Trillion to today 32 Trillion in about a Decade.
Government does not have a $ problem they have a spending problem.
Government steals enough $ from Americans.

Yes military and social security needs to be cut as well.. Both side need to do and not blame each other. Just get the job done.

Bank failures are due the interest rate hikes. These hikes are put in place to drive down inflation. Inflation is caused ( mostly) by dumping more $ into the supply as noted above.


Trump might have started it but Biden's $ increase is the straw that broke the camels back.


Blaming both sides doe not solve the problem. Solving the problem solves the problem.

newtboy said:

I realize the economy is slumping and likely to crash…because MAGA is playing blackmail chicken with the (mostly Republican spending) debt. Their austerity plan is economy destroying too, and puts millions more homeless on the streets and jobless.
It’s also responsible for the bank failures thanks to 2018 MAGA banking deregulation because apparently the right cannot remember how their deregulation of banks caused the global deep recession/depression in 08.

Yes, this MAGA shitshow continues to hurt America intentionally.

Republican Socialists

newtboy says...

Trump took the healthy economy off a cliff to the worst economy, employment, and gdp in history. It took him <4 years….and was responsible for over 1 million unnecessary deaths of Americans because of his lack of response to Covid. Downward spiral?! Trump put us in rocket assisted free fall. Biden accelerated the crawling failing economy into an upward spiral.
Obama and Biden spent a lot, but in 4 years Trump spent far more than their 10 years combined while lowering the amount the government brings in on multiple fronts (so increased the debt and deficit in two ways, spending more while making less), and Obama inherited a recession and left a boom, Trump inherited a boom and left a recession….Biden inherited economic collapse, active terroristic sedition, horrific unemployment, and pandemic…all 4 issues are better today than they were on Jan 20, 21.

The inflation reduction act, Bobby. That’s what’s being done.
Also student debt forgiveness.
Edit-Also raising interest rates, finally. Can’t blame Biden for the federal reserve’s hesitation, however….he doesn’t control them and can only make suggestions.
That’s the answer.
Almost every Republican opposed it (them) and voted against it (them), nearly every Republican then went home and took credit for it (them) and said it (they) was a great thing for their constituents (but pretended they hadn’t been against it (them) with every fiber of their being because it’s (they’re) really popular)….just like they did with the infrastructure bill.

Higher interest rates ARE helping, just not enough yet. It definitely should have started earlier than March…. .25% interest rates were just insanely low. Inflation has lowered, but as you well know, Trump’s administration just printed over 1/5 of every dollar in 2020….just made 20% more dollars while gdp went to -32.9% and unemployment skyrocketed to unheard of levels. This causes 20% inflation or more all by itself…Joe’s administration kept that below 10% miraculously.

If bankruptcy boy was still running the economy, we would have 20% inflation, more oil infrastructure sold to the Saudis (they bought the biggest refinery in America in secret under Trump and cut production), higher gas and oil prices, no infrastructure funding, no inflation plan, Ukraine would no longer exist, NATO would still be impotent, ….bankrupting a country is much worse than bankrupting 6 businesses. Trump did both.

Thanks Biden….

P.S.- Nice deflection from the undeniable hypocrisy the video is about. Way to completely ignore the right now taking credit for the popular and helpful Biden legislation they all opposed….praising it, explaining what a great thing it is for their states, economy, and constituents while pretending they didn’t ALL vote against it out of pure spite which outweighs any wish for America to succeed. Their sudden love for the law they diametrically and insultingly opposed is absolute proof they oppose beneficial legislation simply to avoid letting Biden succeed.

Edit: Will you ever get tired of begging for attention for being 100% wrong 99.6% of the time?

bobknight33 said:

Joe and his party [haven’t fixed the multifaceted disaster they inherited yet].

Republican Socialists

bobknight33 says...

Joe and his party has accelerated the American economy on a downward spiral.

This has been decades in the making.

Trump spent a lot, but so did Obama and Biden.

The question is whats being done now to to correct the economy?


What is the answer?

Higher interest rates are not helping, not at the rate of change that has been put forth.

Rent: Last Week Tonight with John Oliver (HBO)

newtboy says...

1)Exactly what in your post was satire? This?….” Dad taught me well and will deal with them according.”? (Now THAT’S satire)
2)Directly on topic…you implied we think your dad must be racist because he’s Republican. I explained. Also, nice you don’t disagree with my explanation, you just incorrectly claim it’s off topic.
3) see #2
4) ? Only a moral and ethical obligation, or to Republicans, no obligation whatsoever. 🤦‍♂️
5) better get it in writing, yes. Even if your siblings agree, their children might not. You could be setting up a future lawsuit or the dissolution of your family. If everyone agrees, in writing, then good on you…..but as I mentioned, it’s not a real offer to sell because it sounds like the couple couldn’t afford any price. A real offer would be to let them rent to own at maybe a slight rent increase….they might be able to take advantage of that offer.

Edit: 6) If they have no new income, and barely bring in enough to pay the discounted rent, how do you expect them to come up with an extra $5k, +$3500 (and rising) per year, + $100+ per month more…especially with the Republican plan to make the poor pay more taxes, and end social security and Medicare/Medicaid …how will they ever convince a bank they can keep up payments? And they wouldn’t get 6%….wtf man? Do they have perfect credit? That’s prime, they don’t qualify for a fixed loan at prime rates if they need discounted rent….and no bank is going to give 80 year olds a 30 year loan. The highest prime rates were 21%, unlikely in the near future, but rates are skyrocketing. Now, if you carried the loan yourself, you COULD offer those rates, but a bank never would.
If their kids have cash and are willing to gift it to their parents regularly, and if your family carried the discount loan, it could work.

Sure, sounds simple, but reality isn’t that simple, especially if you don’t have a net worth more than the loan. Year one they would need a minimum of $10k extra to do this if your loan numbers were right, and they aren’t from a bank. Year 2-30 they would need $5k more than they spend now….+ all repairs, tax hikes, interest rate hikes, etc. a great deal to be sure, but not feasible for poor elderly people who will likely lose all their income if Republicans regain power. It more than doubles their housing costs year one.

bobknight33 said:

1 no joke just some satire
2 off topic
3 off topic
4 Good deal and a kind landlord. That being said the landlord is under no obligation to rent to anyone under current market value.

5 Siblings all agree to let it go to the renters and the 50 to 60% discount . All I need is a email/ letter stating their agreement.


6 I think they might be able to do this at 5% down ( or zero). The bank will see a 50K equity in the new owners the moment they sign the papers.

For 30 years / fixed / 3500 property tax/year
At 120K @6% about 1200/month
At 60K @6% about 800/month
At 50K @6% about 730/month

Current rent 695/month
IF they / their kids can put down 10% ( 5K) payments drop about 100bucks

This is simple. Buy the house for 1/2 off and put 50K in you pocket at the closing.



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