Are you better off today than you were four years ago?

[BillStime]

 

[BillStime]

Classic Trump
 

[BillStime]

 

[Tommy Callahan]

 

[BillStime]

 

[TH3]

11 hours ago, Tommy Callahan said:

 

What do you think is behind these numbers?

[All_Pro_Bills]

33 minutes ago, BillStime said:

 

Stock prices are inflated too as each 2024 dollar is worth less than each 2020 dollar.  And current market movements reflect speculation on interest rate policy direction, up on speculation of cut, down on speculation of no cuts, and not so much the condition of the economy. And almost all of the gains are concentrated in share prices of 5 to 7 companies. A big crash is coming. Likely late Summer.

[Tiberius]

Putin isn't better off, lol.

[thenorthremembers]

56 minutes ago, BillStime said:

 

 

Wild how the economy was suffering when the country was on lockdown from a pandemic.   

[BillStime]

13 minutes ago, thenorthremembers said:

 

Wild how the economy was suffering when the country was on lockdown from a pandemic.   

Sounds like you’re making excuses for Trump.

 

 

[Tommy Callahan]

1 hour ago, TH3 said:

What do you think is behind these numbers?

Inflation due to a number of factors. 

Deficit spending.   

Demand side economic policies that flooded the fortune 500, and hope it tricked down.

 Horrific foreign policies.  That result in good shipping routes being Removed and energy being driven up. 

 

 

[TH3]

1 hour ago, Tommy Callahan said:

Inflation due to a number of factors. 

Deficit spending.   

Demand side economic policies that flooded the fortune 500, and hope it tricked down.

 Horrific foreign policies.  That result in good shipping routes being Removed and energy being driven up. 

 

 

I saw 1-6 on your link - None of what you said above has anything to do with these. Plus I think you don't know what demand side + fortune 500 is.

 

This is why we are in such a weird place. You post this and people like bman put a angry face on it. I am sure I am about to be called a commie.

 

Car insurance is up because post Covid the accident rate is way up and cars are loaded with expensive electronics and aluminum now.

Transportation - Energy really hasn't changed that much - Supply capacity and capabilities down post Covid.

Hospital Services: All those new drugs at $1500 a month and lack of labor. My DIL is a nurse and gets $6000 a week as a traveling nurse becuase there aren't enough nurses.

Homeowner and Rent: Housing Supply stock post 2008 has a 6,000,000 unit deficit and we still don't build enough per year to meet demand.. Higher interest rates don't help either supply or cost, and the supply capacity in the building industry is down 30 percent post Covid. 

 

And yet - with all this DT wants to deport 11 million people.  This would be an economic disaster.

 

Without an electorate that has clear undestanding of issues, what causes them and how to solve them - People who have no clue but are good at the tiktok and twitter get elected. The topics and laws debated in statehouses and congress are largely irrelevant - but appear to make good social media and are largely chosen to "feed the base".

[thenorthremembers]

1 hour ago, BillStime said:

Sounds like you’re making excuses for Trump.

 

 

Not at all.  Your own fearless leader's Press Secretary admitted the economy was poor because of the pandemic.  It was her excuse for him not knowing his own inflation rate when he became President. 

[BillStime]

2 minutes ago, thenorthremembers said:

Not at all.  Your own fearless leader's Press Secretary admitted the economy was poor because of the pandemic.  It was her excuse for him not knowing his own inflation rate when he became President. 

 

So, Trump has an excuse (global pandemic) but Biden; inheriting Trumps mess - doesn't get a pass. 

 

Got it.

 

 

[thenorthremembers]

13 minutes ago, BillStime said:

 

So, Trump has an excuse (global pandemic) but Biden; inheriting Trumps mess - doesn't get a pass. 

 

Got it.

 

 

 

Twist and turn it all you like.  My point was it makes complete sense the economy would rebound after a Global Pandemic when businesses were literally not allowed to function.   Taking credit for that is akin to winning a race where you were the only participant.

 

Now let's talk about continued inflation despite being four years past a pandemic.   The cost of gas, the cost of groceries, replacing high wage jobs with low wage jobs and calling it progress, and sending millions upon millions of dollars to other countries while our country's debt is on pace to go up 100 billion more under Biden than Trump.  

 

I suppose you also think Trump snuck into a lab in Wuhan and released a global virus that created the so called "Trump's Mess."  

Edited May 16 by thenorthremembers

[BillStime]

9 minutes ago, thenorthremembers said:

Now let's talk about continued inflation despite being four years past a pandemic.   The cost of gas, the cost of groceries, replacing high wage jobs with low wage jobs and calling it progress, and sending millions upon millions of dollars to other countries while our country's debt is on pace to go up 100 billion more under Biden than Trump. 

 

Your concerns about continued inflation, job quality, and national debt are valid and shared by many.

 

However, you conveniently left out record breaking corporate profits driving inflation. 

 

From April to September 2023, corporate profits drove 53% of inflation. Comparatively, over the 40 years prior to the pandemic, profits drove just 11% of price growth. While prices for consumers have risen by 3.4% over the past year, input costs for producers have risen by just 1%. Link

 

So let’s take a deeper dive:

 

1. Inflation has been a global issue, not just confined to the U.S., and several factors contribute to it. The pandemic disrupted supply chains worldwide, leading to shortages and increased prices. While inflation rates have begun to decrease, the impact of these disruptions is still felt. Additionally, geopolitical tensions, such as the war in Ukraine, have further strained supply chains, especially in energy and food sectors.

 

2. The cost of gas and groceries is a significant burden for many families. Efforts to address these costs include increasing domestic production and refining capacity and transitioning to renewable energy sources to reduce dependency on volatile fossil fuel markets.

 

Can you tell us how Republicans in Congress voted to help mitigate these issues?

3. The pandemic accelerated changes in the job market in all sectors, leading to a higher demand for low-wage service jobs while some high-wage jobs were lost or transformed. However, there has been an emphasis on creating higher-paying jobs through investments in infrastructure, technology, and green energy. These investments aim to provide sustainable, well-paying jobs that can support families and communities.

 

4. The debate over foreign aid versus domestic spending is longstanding. Foreign aid can promote global stability, which indirectly benefits the U.S. economy and security. The national debt has been increasing for decades under multiple administrations due to various factors, including tax policies, spending decisions, and economic crises.

 

I’m really surprised those Trump tax cuts weren’t enough to sustain our economy and required a bailout at the BEGINNING of the “flu.”

[All_Pro_Bills]

10 minutes ago, BillStime said:

 

Your concerns about continued inflation, job quality, and national debt are valid and shared by many.

 

However, you conveniently left out record breaking corporate profits driving inflation. 

 

From April to September 2023, corporate profits drove 53% of inflation. Comparatively, over the 40 years prior to the pandemic, profits drove just 11% of price growth. While prices for consumers have risen by 3.4% over the past year, input costs for producers have risen by just 1%. Link

 

So let’s take a deeper dive:

 

1. Inflation has been a global issue, not just confined to the U.S., and several factors contribute to it. The pandemic disrupted supply chains worldwide, leading to shortages and increased prices. While inflation rates have begun to decrease, the impact of these disruptions is still felt. Additionally, geopolitical tensions, such as the war in Ukraine, have further strained supply chains, especially in energy and food sectors.

 

2. The cost of gas and groceries is a significant burden for many families. Efforts to address these costs include increasing domestic production and refining capacity and transitioning to renewable energy sources to reduce dependency on volatile fossil fuel markets.

 

Can you tell us how Republicans in Congress voted to help mitigate these issues?

3. The pandemic accelerated changes in the job market in all sectors, leading to a higher demand for low-wage service jobs while some high-wage jobs were lost or transformed. However, there has been an emphasis on creating higher-paying jobs through investments in infrastructure, technology, and green energy. These investments aim to provide sustainable, well-paying jobs that can support families and communities.

 

4. The debate over foreign aid versus domestic spending is longstanding. Foreign aid can promote global stability, which indirectly benefits the U.S. economy and security. The national debt has been increasing for decades under multiple administrations due to various factors, including tax policies, spending decisions, and economic crises.

 

I’m really surprised those Trump tax cuts weren’t enough to sustain our economy and required a bailout at the BEGINNING of the “flu.”

One thing I keep hearing is the idea that corporations suddenly got greedy when Joe Biden took office. Fact is they've always been greedy. If the administration was truly concerned then they should identify areas of market concentration and potential monopoly pricing power and initiate the proper anti-trust actions to break up those price-setting cartels and improve market competition. That's something, a populist thing, that everybody can wrap their arms around and support.   

 

The greed narrative is a myth perpetrated by the administration to explain away any complicity they might have in driving inflation higher. A trillion dollars added to the deficit about every quarter. That's seems extreme given the story that the economy is the strongest ever. Traditionally, when the economy is so strong such stimulus is not needed. My conclusion is the strength cited is the result of government stimulus not organic growth in the economy. Stop those big government spending programs and the metrics fall on their face and reveal the true condition of things. Not so good.

[BillStime]

17 minutes ago, All_Pro_Bills said:

 

The greed narrative is a myth

 

When facts aren't on your side.

 

 

[Tommy Callahan]

81 million votes.  No books sold.  Makes so much sense 

[Tommy Callahan]