B-Man Posted August 31, 2023 Share Posted August 31, 2023 BIDENOMICS, IT’S WORKING! Poor Americans Skip Meals, Can’t Afford Power Bills, Miss Rent Payments, In Era Of ‘Bidenomics.’ This leaves us with a Bloomberg report citing fintech startup Propel, an app aimed at Supplemental Nutrition Assistance Program (SNAP) recipients, that reveals an increasing number of Americans are struggling to pay rent and put food on the table. Among households using the Supplemental Nutrition Assistance Program’s boosted pandemic benefits, 42% skipped meals in August and 55% ate less because they couldn’t afford food, more than double last year’s share, according to a Wednesday report from Propel Inc., a benefits software developer. Bloomberg said: The data also highlight that households were worse off in August from just a month ago. Since July, an increasing share of low-income households had utilities shut off, couldn’t afford the prior month’s utility bill or couldn’t afford rent. More than two-thirds of those surveyed who were receiving boosted SNAP payments said they had some form of debt. Propel’s alarming report is an eye-opener, considering we’ve pointed out that mid/low tier consumers have depleted savings and racked up insurmountable credit card debt to make ends meet in the era of ‘Bidenomics’ inflation. https://www.zerohedge.com/markets/working-poor-americans-skip-meals-cant-afford-power-bills-miss-rent-payments-era-bidenomics It isn’t so easy for the middle class, either. https://nypost.com/2022/05/26/team-biden-might-be-purposefully-crushing-the-middle-class/ 2 Link to comment Share on other sites More sharing options...
Gregg Posted August 31, 2023 Share Posted August 31, 2023 1 2 Link to comment Share on other sites More sharing options...
B-Man Posted September 1, 2023 Share Posted September 1, 2023 And NO, I'm not 'celebrating' bad news. That childish tact won't work. Information to counter the administrations spin lies, is necessary these days. THIS is Bidenomics! August Jobs Report is 'TERRIBLE' and here's a receipt-filled, deep-dive thread on WHY Several more points/graphs at the link: https://twitchy.com/samj/2023/09/01/bidenmoics-august-jobs-report-shows-unemployment-up-in-a-big-way-n2386788 . 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 1, 2023 Share Posted September 1, 2023 On 7/12/2023 at 1:19 PM, Joe Ferguson forever said: Love that he coopted the derogatory "Bidenomics" title and turned it into a slogan. 1 Link to comment Share on other sites More sharing options...
Big Blitz Posted September 1, 2023 Author Share Posted September 1, 2023 Why do we know it’s terrible? Not one leftist poster here commenting on the jobs data. All you need to know. 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 5, 2023 Share Posted September 5, 2023 Enough pretending. UNEXPECTEDLY! Federal deficit unexpectedly set to double this year. What’s happening: Bigger interest payments + lower tax receipts, despite strong economic growth. “A strong economy usually reduces the deficit. Not this time,” Stein writes. Perhaps the economy isn’t as strong as the DNC-MSM pretends it is: Interest rates are soaring, raising the alarm for a painful reckoning for America. https://www.axios.com/2023/09/04/federal-deficit-double-despite-economic-growth https://www.washingtonexaminer.com/restoring-america/courage-strength-optimism/interest-rates-are-soaring-raising-alarm 1 Link to comment Share on other sites More sharing options...
Doc Posted September 5, 2023 Share Posted September 5, 2023 Bidenomics! It's not just a slogan! 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 5, 2023 Share Posted September 5, 2023 if this economy continues this way, bills and food going to be the only things on people's minds come election time. 1 Link to comment Share on other sites More sharing options...
Irv Posted September 5, 2023 Share Posted September 5, 2023 Bidenomics. What a mess. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted September 5, 2023 Share Posted September 5, 2023 On 8/30/2023 at 10:37 AM, B-Man said: Home affordability is the worst it has been in nearly 40 years, study shows By Stephanie Weaver New data shows that buying a home requires a large slice of income in 2023, and thus it has become the most unaffordable housing market since 1984. In order to compare home affordability over time, researchers at Black Knight, a mortgage technology and data provider, analyzed home prices, interest rates and income levels in each month dating back to 1975. They calculated the mortgage payment required at each point in time to purchase the median-priced home using a 20% down 30-year fixed-rate mortgage. To provide a relative comparison, the company then calculated the share of median household income needed to make that mortgage payment in each month over the same period of time. In doing so, Black Knight found that it currently requires a $2,423/month mortgage payment to purchase the median-priced home today (assuming a 20% down 30-year fixed rate mortgage). "That’s the highest such mortgage payment ever required and represents a $1,155 (+91%) increase over the past 2 years," https://www.fox7austin.com/news/home-affordability-worst-in-nearly-40-years-study-real-estate So those selling are doing real well 11 hours ago, Doc said: Bidenomics! It's not just a slogan! It's low unemployment! Want a job, just go get one! 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 5, 2023 Share Posted September 5, 2023 37 minutes ago, Tiberius said: It's low unemployment! Want a job, just go get one! Or get two. You’re going to need that second one just to afford gasoline. 😉 1 Link to comment Share on other sites More sharing options...
Tiberius Posted September 5, 2023 Share Posted September 5, 2023 21 minutes ago, SoCal Deek said: Or get two. You’re going to need that second one just to afford gasoline. 😉 Not with the way wages are rising! Bidenomics, a real winner!! 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 5, 2023 Share Posted September 5, 2023 (edited) 36 minutes ago, SoCal Deek said: Or get two. You’re going to need that second one just to afford gasoline. 😉 LMAO. now you got it talking about rising wages. Real average hourly earnings increased 1.1 percent, seasonally adjusted, from July 2022 to July 2023. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 0.2-percent increase in real average weekly earnings over this period. https://www.bls.gov/news.release/realer.nr0.htm#:~:text=Real average hourly earnings increased,weekly earnings over this period. These people live in an MSNBC/CNN fantasy world. Edited September 5, 2023 by Chris farley Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 more good news https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html Link to comment Share on other sites More sharing options...
B-Man Posted September 5, 2023 Share Posted September 5, 2023 Less chance of a recession touted as "good news" You can't write that kind of comedy. YES, it is welcome news, but that isn't helping the average American, who IS be hit with the effects of Bidenomics. Link to comment Share on other sites More sharing options...
Gregg Posted September 5, 2023 Share Posted September 5, 2023 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 1 minute ago, B-Man said: Less chance of a recession touted as "good news" You can't write that kind of comedy. YES, it is welcome news, but that isn't helping the average American, who IS be hit with the effects of Bidenomics. After the massive spending on covid, massive spending on the proxy war in Ukraine (which is necessary) and oil producers including Russia, squeezing us, a recession was very likely. Now it's a 15% chance per Goldman. Very Good News indeed. Link to comment Share on other sites More sharing options...
JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 More good news!! 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 Just now, JDHillFan said: More good news!! It's what happens when interest rates rise to battle inflation. What would you have done differently? 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 5, 2023 Share Posted September 5, 2023 I simply don’t understand the Biden Administration’s strategy here. There isn’t a chance in hell they’re going to convince the American people that things are going well with the economy. I think they’d be better off keeping quiet about it, just as they’ve done with the border and other inconvenient truths 1 Link to comment Share on other sites More sharing options...
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