it's the economy

[Nouseforaname]

4 hours ago, Deranged Rhino said:

There will be before the end of the year no matter what but probably not more than 50 bps. 

[Deranged Rhino]

 

[Hedge]

 

 

[RochesterRob]

2 hours ago, Deranged Rhino said:

 

  What size and what address do I send his clown pants to?  Is he related to the idiot press secretary?

[RochesterRob]

30 minutes ago, Hedge said:

 

 

  The damage from this will be far worse than what it seems at the onset.  No pay increases nor extra hours will be available to those most vulnerable which would be at the bottom of the economic trough.  Probably pleasing news to George Soros and others who wish against the US.  

[devnull]

On 4/11/2024 at 4:19 PM, Hedge said:

 

 

 

Big deal

 

Just promise the people who you expect to vote for you that their debts will be erased and threaten anyone who might raise an objections

[Pete]

On 4/11/2024 at 2:42 PM, Deranged Rhino said:

 

I’d laugh if it wasn’t so sad. Just unbelievable.

[Ann]

 

[Fansince88]

6 hours ago, Ann said:

 

No different than manipulating sodium and such on labels by adjusting serving size.  

[Hedge]

 

 

 

[Cinga]

24 minutes ago, Hedge said:

 

 

 

 

We're gonna crash, the only question is when because if fit happens after the election it will be blamed on Trump even though the fault is really the Xiden regime

[Billsandhorns]

2 hours ago, Cinga said:

 

We're gonna crash, the only question is when because if fit happens after the election it will be blamed on Trump even though the fault is really the Xiden regime

I am just going to assume that was a rhetorical question

[Crap Throwing Clavin]

2 hours ago, Cinga said:

 

We're gonna crash, the only question is when because if fit happens after the election it will be blamed on Trump even though the fault is really the Xiden regime

 

The fault's with every administration and Congressional session since Bush I.  They're just about the last one to even pretend to understand economic matters.  Clinton didn't really, but was the beneficiary of the Dot Com bubble.  

 

The Biden administration - and less the administration, than progressives at every level of government - are just particularly hideous in their misunderstanding, as they clearly don't understand the interplay between inflation, wages, interest rates, and deficit spending.

[RochesterRob]

  I am sure we will get some creative fiction as to how Trump masterminded this.  

[Crap Throwing Clavin]

51 minutes ago, RochesterRob said:

  I am sure we will get some creative fiction as to how Trump masterminded this.  

 

COVID.

 

Or ball bearings.  It's all ball bearings nowadays.

[Cinga]

2 hours ago, Crap Throwing Clavin said:

 

The fault's with every administration and Congressional session since Bush I.  They're just about the last one to even pretend to understand economic matters.  Clinton didn't really, but was the beneficiary of the Dot Com bubble.  

 

The Biden administration - and less the administration, than progressives at every level of government - are just particularly hideous in their misunderstanding, as they clearly don't understand the interplay between inflation, wages, interest rates, and deficit spending.

 

Clinton was the beneficiary of a Gingrich led House too which was determined to balance the budget. Don't forget that if it were up to him the debt/deficit would have exploded if they had succeeded with their own version of Hillary-care. Clinton only deserves enough credit that he quickly realized he needed to work with Gingrich and the Republicans. I think that was the end of bipartisanship as Dingy Harry and Princess Pelosi soon took over the Democrat side and chose to demonize the other side instead of working toward common ground.

 

But I also need to point out that if Biden had rolled spending back to pre-covid levels would be nearly at a balanced budget.

Below receipts and outlays are in the first 2 columns

https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays

 

 

And the year before covid the budget was about 4.5 trillion while receipts in 2024 is 4.8. But of course those idiots don't know how to cut spending, only cut the amount spending will increase instead. And that bullshit of giving the first year of a new president to the last is bullshit and really kicked off under Obama as they passed those ridiculous shovel ready spending bills as soon as he took office, just like Biden did his infrastructure bill but both blamed the increased spending on their predecessor and then claim later how they cut the deficit in half

 

 

 

 

 

 

Edited Monday at 08:38 PM by Cinga

[Hedge]

It's the SLOGAN that fell flat, because too many Americans were too stupid to understand it.

 

 

[devnull]

19 hours ago, Hedge said:

It's the SLOGAN that fell flat, because too many Americans were too stupid to understand it.

 

 

 

The term Bidenomics fell flat.  Kinda like the Biden economy, which is as lethargic as the Commander in.  Uh

 

 

Well, anyways.

[Ann]

 

U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%

[devnull]

18 minutes ago, Ann said:

 

U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%

 

Lackluster numbers which will quietly be revised even lower at a later date