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...
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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