TSOL Posted August 23, 2023 Share Posted August 23, 2023 7 minutes ago, The Frankish Reich said: So now more talking about the tax and spend provisions of the Inflation Reduction Act. Biden was just a cheerleader with a pen! I just said I thought Ryan-Trump was more good than bad. And that the "bad" had more to do with no related component reducing federal spending. Good for you on your tax bracket. Now please send that EV tax credit back to the Treasury. Oooo and the claws come out Let's keep it on the up and up frank, I wouldn't want to have to give you the BT/ chicken treatment 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 23, 2023 Share Posted August 23, 2023 Just now, The Frankish Reich said: I agree. That's why (until the new Trump Tariff proposal) I hated Elizabeth Warren's idea of adding some kind of "wealth tax" to the income tax and the death tax. I thought that was the low point of of tax policy proposals from nominally legitimate candidates. But now we have a new winner! As I’ve said many times. IMHO the only way to fix this mess is to move to a true flat tax. The hope being that when everyone had skin in the game the politicians will stop pandering to subsets of Americans. Link to comment Share on other sites More sharing options...
TSOL Posted August 23, 2023 Share Posted August 23, 2023 https://www.reuters.com/markets/us/gloomy-us-retail-outlook-dulls-hopes-strong-holiday-season-spending-2023-08-23/ Bidenomics! 2 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 23, 2023 Share Posted August 23, 2023 5 minutes ago, TSOL said: https://www.reuters.com/markets/us/gloomy-us-retail-outlook-dulls-hopes-strong-holiday-season-spending-2023-08-23/ Bidenomics! but we can fix this with more stimy's and more state spending to the fortune 500. while they horde cash. At no time would this economy get better if people and businesses had more cash on hand to spend. 1 Link to comment Share on other sites More sharing options...
Gregg Posted August 23, 2023 Share Posted August 23, 2023 1 2 Link to comment Share on other sites More sharing options...
Gregg Posted August 23, 2023 Share Posted August 23, 2023 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 24, 2023 Share Posted August 24, 2023 Lower-middle class Americans near retirement are worse off than 20 years ago, new study shows. https://medicalxpress.com/news/2023-08-lower-middle-class-americans-worse-years.html 1 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 25, 2023 Share Posted August 25, 2023 Mortgage interest rates hit a new high under Biden DAVID STROM CNN tells us that this is somehow good news, showing that the economy is roaring and happy days are here again. Sure, housing has never been this unaffordable in US history, but that is only because Biden has done such great things for the economy. No, really. That is the explanation. It has nothing to do with all that money printing, inflation, government spending, or gross overregulation. It is the great economic times we have been having. https://hotair.com/david-strom/2023/08/25/mortgage-interest-rates-hit-a-new-high-under-biden-n573497 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 25, 2023 Share Posted August 25, 2023 1 hour ago, B-Man said: Mortgage interest rates hit a new high under Biden DAVID STROM CNN tells us that this is somehow good news, showing that the economy is roaring and happy days are here again. Sure, housing has never been this unaffordable in US history, but that is only because Biden has done such great things for the economy. No, really. That is the explanation. It has nothing to do with all that money printing, inflation, government spending, or gross overregulation. It is the great economic times we have been having. https://hotair.com/david-strom/2023/08/25/mortgage-interest-rates-hit-a-new-high-under-biden-n573497 that's got to suck for people with VRM. Same with a lot of credit cards with variable rates. my collage age son got one of those preapproval cards and I checked it out. had a variable rate of 34.99%. insane. 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 26, 2023 Share Posted August 26, 2023 Bidenomics: Joe Biden's whiteboard whitewashing of the American economy This is just sad, folks. Listening to Joe Biden slur his way through this White House media production, where he tells hurting Americans that things are going great, is almost too much to stomach. The hallmark of the Biden presidency has been paying more for less, yet he continues to brag about his role in our demise. Biden starts with the tried-and-true 'trickle-down economics' myth. Democrats love pretending that those of us on the right want to hand all of the money to rich people, who will 'trickle' it out to the rest of us. In reality, conservatives favor pro-business policies that encourage the wealthy to take their money out of hiding, where it can be taxed and invested to create new wealth. Guess who the very first people are to be paid when business is healthy? That's right, the American worker. https://twitchy.com/fuzzychimp/2023/08/25/bidenomics-joe-bidens-whiteboard-whitewashing-of-the-american-economy-n2386595 1 Link to comment Share on other sites More sharing options...
TSOL Posted August 26, 2023 Share Posted August 26, 2023 5 minutes ago, B-Man said: Bidenomics: Joe Biden's whiteboard whitewashing of the American economy This is just sad, folks. Listening to Joe Biden slur his way through this White House media production, where he tells hurting Americans that things are going great, is almost too much to stomach. The hallmark of the Biden presidency has been paying more for less, yet he continues to brag about his role in our demise. Biden starts with the tried-and-true 'trickle-down economics' myth. Democrats love pretending that those of us on the right want to hand all of the money to rich people, who will 'trickle' it out to the rest of us. In reality, conservatives favor pro-business policies that encourage the wealthy to take their money out of hiding, where it can be taxed and invested to create new wealth. Guess who the very first people are to be paid when business is healthy? That's right, the American worker. https://twitchy.com/fuzzychimp/2023/08/25/bidenomics-joe-bidens-whiteboard-whitewashing-of-the-american-economy-n2386595 B-man, the economy is in rough shape because of bad policy, that is for certain. But I do have hope that It will right itself because of the power of the American people. That would be in spite of the the DNC agenda, not because of it. The agenda is so poorly thought out, crooked and corrupt. But I still have faith in the hard working people of our country. We have to weather this storm and hold out hope for change and a better future. 2 Link to comment Share on other sites More sharing options...
John from Riverside Posted August 26, 2023 Share Posted August 26, 2023 On 8/24/2023 at 11:33 AM, B-Man said: Lower-middle class Americans near retirement are worse off than 20 years ago, new study shows. https://medicalxpress.com/news/2023-08-lower-middle-class-americans-worse-years.html Real quick You never got a full basket of groceries with 20 bucks not unless you were living 50 years ago 14 minutes ago, TSOL said: B-man, the economy is in rough shape because of bad policy, that is for certain. But I do have hope that It will right itself because of the power of the American people. That would be in spite of the the DNC agenda, not because of it. The agenda is so poorly thought out, crooked and corrupt. But I still have faith in the hard working people of our country. We have to weather this storm and hold out hope for change and a better future. Trickle down economics was a Republican thing not a democratic thing 1 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 26, 2023 Share Posted August 26, 2023 9 hours ago, John from Riverside said: Trickle down economics was a Republican thing not a democratic thing Teicke down is a talking point for people that don't understand supply side economics. The difference is when people and businesses drive it , vs state spending to drive it. The latter creates bubbles and income inequality. Link to comment Share on other sites More sharing options...
B-Man Posted August 26, 2023 Share Posted August 26, 2023 OMG ! WHO thought that this was a good idea? You have to hand it to the Biden team. They truly seem to be clueless. Or perhaps they think we are, with the things they try to sell us. They think the problem isn't Biden, it's just messaging. If Americans just understood Biden and his policies a little better, then we'd truly get what a great guy he is and how wonderful his "plans" are. Of course, the problem is that we do understand his policies--because they are adversely impacting our wallets every single day in so many ways. They're costing us hundreds of dollars more every month--by one count, $709 more a month--and it's not something we will soon forget. https://redstate.com/nick-arama/2023/08/26/biden-tries-to-do-a-whiteboard-to-explain-bidenomics-it-doesnt-go-well-n2163069 Link to comment Share on other sites More sharing options...
TSOL Posted August 26, 2023 Share Posted August 26, 2023 24 minutes ago, B-Man said: OMG ! WHO thought that this was a good idea? You have to hand it to the Biden team. They truly seem to be clueless. Or perhaps they think we are, with the things they try to sell us. They think the problem isn't Biden, it's just messaging. If Americans just understood Biden and his policies a little better, then we'd truly get what a great guy he is and how wonderful his "plans" are. Of course, the problem is that we do understand his policies--because they are adversely impacting our wallets every single day in so many ways. They're costing us hundreds of dollars more every month--by one count, $709 more a month--and it's not something we will soon forget. https://redstate.com/nick-arama/2023/08/26/biden-tries-to-do-a-whiteboard-to-explain-bidenomics-it-doesnt-go-well-n2163069 I am no longer referring to Biden as anything, especially president. He is geriatric and clearly not making any decisions, he's probably senile. The administration we have today is the DNC agenda. Thats what's president, probably some collective. That beings said. The economy we have today that's hurting Americans in the wallet, mine very much included, is 100% due to poor policy of the current administration, an agenda that's been in the making for quite some time, since the hillary clinton days. An agenda that is poorly thought out and ill fashioned, an agenda that knows/knew it would cause pain, and probably said something along the lines of "screw it, this has to be done, it will cause some pain but it has to be done for the betterment of some pie in the sky idealism" 1 1 Link to comment Share on other sites More sharing options...
BillsFanNC Posted August 30, 2023 Share Posted August 30, 2023 Another fantastic supercut. Bidenomics! Keep swallowing useful idiots. Link to comment Share on other sites More sharing options...
BillsFanNC Posted August 30, 2023 Share Posted August 30, 2023 On 8/25/2023 at 9:59 PM, John from Riverside said: Trickle down economics was a Republican thing not a democratic thing Nope. Maybe you, JFR, can provide the proof that award winning economist, scholar and author has been asking about for years? Link to comment Share on other sites More sharing options...
Orlando Tim Posted August 30, 2023 Share Posted August 30, 2023 On 8/25/2023 at 9:59 PM, John from Riverside said: Real quick You never got a full basket of groceries with 20 bucks not unless you were living 50 years ago Replying to a meme as fact is hilarious. Since 2015 the basic items I buy food wise have at least doubled. The bread that was $1.50 is now $4. The milk went from under $3 to over $5, the bacon was less than $5 is now almost $10. I found a receipt from 2015 and I looked up same items at Publix now. My income has improved even close to that and if not for my locked in mortgage I would be screwed right now. 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 30, 2023 Share Posted August 30, 2023 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 Link to comment Share on other sites More sharing options...
B-Man Posted August 30, 2023 Share Posted August 30, 2023 . 1 1 Link to comment Share on other sites More sharing options...
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