This economy is so bad

[Hardcore troubadour 15,439]

If the economy is so good why are the welfare rolls up 26 pct in NYC? That does not include Bidens illegal migrants. 

[BeachGuy23 642]

10 minutes ago, Engorgeous George said:

How does one bully the Fed?

How does one destroy the supply chain.  I can see presiding oiver budgetary allocations which ignore infrastructure but that is a passive act, not an activ e one like destroying something, and the President has little say over the budget congress passes.

As for contributing to inflation within 3 months of getting into Office he may have done so by signaling to the capital markets his intentions when it came to oil production in this country which had economies in the Dakota, Montana, Wyoming, and western Colorado doing extremely well.  Maybe not.  I am told presidents have little to do with economic trends, but i notice how swiftly the markets reacted negatively this week to a small bit of bad infklation news and biden promouncing his stance on the matter.

How does one bully the Fed?  By crying and tweeting about potential Fed rate increases.  You don't think a tweet from an unhinged lunatic like Trump has impact?

Trump's complete bungling of the covid response led to fewer people available to work and manufacture and ship needed goods.  That's how supply chains are destroyed boyo.

Inflation is a simple economic issue based purely on supply, demand, and money supply.  It's a lagging indicator that takes many months before the actual causes that impact the metric filter their way to impacting the metric.  Trump massively negatively impacted every single piece of the inputs that impact inflation.

Biden could have not signed a single bill or said a single word or changed a single EO and we'd still have been at 6% inflation the summer of 2021.  The inputs that impact inflation were set well before Biden took office.  Biden's stupid covid bill did make it worse and last longer though.  But the vast majority of inflation was set before Biden spent one minute in the big chair.

These are facts and not feminine feelz that so many cultist rely on around this cesspool. 

[Engorgeous George 2,331]

28 minutes ago, BeachGuy23 said:

How does one bully the Fed?  By crying and tweeting about potential Fed rate increases.  You don't think a tweet from an unhinged lunatic like Trump has impact? Not on the Fed I don't.  My observations are that administration after administration, regardless of political party, has always gone to the Fed hat in hand.  The Fed is notorious for not giving a flying burrito for what the President wants or says.  They do seem to care what bankers have to say, not what borrowers have to say and not what politicians have to say.

Trump's complete bungling of the covid response led to fewer people available to work and manufacture and ship needed goods.  That's how supply chains are destroyed boyo.  My memory is that Sump Pump Trump did try to shut down travel early on to limit the spread which shut downs were roundly opposed by the left and that in spite of his staggering lack of understanding of science his administratoon did help expedite private industry in developing a vaccine.  It seems much of the shut downs were set at the state and local levels and with democrats in charge of the ports of New York and Los Angeles/Santa Barbara there was plenty of blame to spread around.   

Inflation is a simple economic issue based purely on supply, demand, and money supply.  It's a lagging indicator that takes many months before the actual causes that impact the metric filter their way to impacting the metric.  Trump massively negatively impacted every single piece of the inputs that impact inflation.  So the markets do not operate anticipatorily.  Interesting.  I agree the full impact of economic policy pronouncements may not be felt for months so in that manner inflation numbers may lag events, somewhat, but it is foolish to pretend that the markets do not react with the speed of money.

Biden could have not signed a single bill or said a single word or changed a single EO and we'd still have been at 6% inflation the summer of 2021.  The inputs that impact inflation were set well before Biden took office.  Biden's stupid covid bill did make it worse and last longer though.  But the vast majority of inflation was set before Biden spent one minute in the big chair. I happen to agree that world wide conditions were set when Biden took office.  That said I don't get to cherry pick or imagine the inflation rate at any particular number to try to excuse Biden making investers flee our energy markets on his first days in office.

These are facts and not feminine feelz that so many cultist rely on around this cesspool. I am amused when you call opinions facts.

 

[Maximum Overkill 1,997]

20 minutes ago, BeachGuy23 said:

By crying and tweeting

Mean Tweets  

[Engorgeous George 2,331]

BTW, I enjoyed watching the markets advance in January and February, as for the latest retreat, not so much.

 

I just would not tout the economy on a week where the markets tanked and inflation figures rose and where mortgage rates increased.  i would prefer the president concentrate on Iran right now as any widening of the conflict over there could devastate the oil markets and this time the President will not be able to draw from our stategic reserve since he already played that card.

[RLLD 4,230]

2 minutes ago, Engorgeous George said:

 

Well done sir.   Salient points based on market

I might presume to add one item to the third paragraph.....markets are keenly dialed in to policy actions. We watch like a hawk, the matriculations of government policy are an annual review for us. 

So when they lie, it can be frustrating.  As with inflation not being real, or being transitory....we were scratching our heads because everything pointed to another conclusion....in the end, they were simply lying...

[Engorgeous George 2,331]

2 minutes ago, RLLD said:

Well done sir.   Salient points based on market

I might presume to add one item to the third paragraph.....markets are keenly dialed in to policy actions. We watch like a hawk, the matriculations of government policy are an annual review for us. 

So when they lie, it can be frustrating.  As with inflation not being real, or being transitory....we were scratching our heads because everything pointed to another conclusion....in the end, they were simply lying...

I pretend to no expertise or insight on money matters, just what I have observed more or less from the sidelines as I went about trying to accumulate enough wealth to secure my family after I retired and eventually die.  I would have been well advised to learn more over the course of years but I lacked interest and appreciation for the subject.  That said, blatant untruths are apparent even to boyos like me and Beachguy has some whoppers.

[BeachGuy23 642]

23 minutes ago, Engorgeous George said:

BTW, I enjoyed watching the markets advance in January and February, as for the latest retreat, not so much.

 

I just would not tout the economy on a week where the markets tanked and inflation figures rose and where mortgage rates increased.  i would prefer the president concentrate on Iran right now as any widening of the conflict over there could devastate the oil markets and this time the President will not be able to draw from our stategic reserve since he already played that card.

The markets are at all time highs.  So in your markets reflect the overall economy stance you must think the economy is absolutely booming right now.

And mortgage rates of 3% are not a sign of a healthy economy,  they're a sign of an unhealthy economy that needs stimulus.  Rates near where they are now are much more in line with historical norms and reflect the booming economy we're in.

People spent 10 years having access to essentially free money and now think that anything more than that is some kind of punishment when in fact it's the free money that helped put the economy in the position that needed saving like Biden and the Fed have done so artfully. 

[BeachGuy23 642]

20 minutes ago, Engorgeous George said:

I pretend to no expertise or insight on money matters, just what I have observed more or less from the sidelines as I went about trying to accumulate enough wealth to secure my family after I retired and eventually die.  I would have been well advised to learn more over the course of years but I lacked interest and appreciation for the subject.  That said, blatant untruths are apparent even to boyos like me and Beachguy has some whoppers.

What untruths do you believe I've noted boyo?  That Trump bullied the Fed?  The Fed lowered rates in 2019 during a supposed "booming" economy.  If you don't think this was in part due to Trump's constant crying well then we'll just disagree.

Supply chains were destroyed during 2020 before the vaccines were developed.  Trump's complete bungling of our covid response (he was the president right?)  greatly contributed to the destruction of supply chains and an import component in demand far outstripping supply and spuring inflation.  There's no way to hold Trump faultless for this, he was the president.  Cultist certainly blame Biden for everything that's happened when he was president.

 

[Ron_Artest 1,539]

The 3% mortgage rate applied people.  It wasn't normal.  Look at history.  You don't need a 3% mortgage rate to drive housing growth.

Also along with the 3% mortgage came the .001% interest rate on savings.

Everything is relative.

[The Real timschochet 6,770]

If purchasing power exceeds the level of inflation, then we’re actually all better off, aren’t we? 

https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households#:~:text=Household purchasing power has increased,earnings rose faster than prices.

[Hardcore troubadour 15,439]

If the fed is being bullied that’s on the fed. And acting as if Trump is the only one.  Laughable. 

[BeachGuy23 642]

1 minute ago, The Real timschochet said:

If purchasing power exceeds the level of inflation, then we’re actually all better off, aren’t we? 

https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households#:~:text=Household purchasing power has increased,earnings rose faster than prices.

Watch out, cultist liars like RLLD will post videos of people saying how bad things are.  I've been telling these idiots the same thing for months. 

Cultist want nothing to do with facts, they only care about their feminine feelz. 

[BeachGuy23 642]

1 minute ago, Hardcore troubadour said:

If the fed is being bullied that’s on the fed. And acting as if Trump is the only one.  Laughable. 

Please post a single instance of another president crying about the Fed.

I'll hang up and listen boyo.

Your orange master destroyed all norms which has made people like you to think it's ok to accept lies and to repeat them like they're truths.

Low IQ, easily manipulated children you are. 

[The Real timschochet 6,770]

Just now, BeachGuy23 said:

Watch out, cultist liars like RLLD will post videos of people saying how bad things are.  I've been telling these idiots the same thing for months. 

Cultist want nothing to do with facts, they only care about their feminine feelz. 

It’s not unusual that conservatives are going to argue that things are worse off under a Democratic President, and vice versa. Thats politics forever. 
But ever since Trump got here (actually it really started with the Tea Party), Republicans have dumbed down so much. Their arguments are insipid and depressing. And so lazy. 

[Hardcore troubadour 15,439]

Just now, BeachGuy23 said:

Please post a single instance of another president crying about the Fed.

I'll hang up and listen boyo.

Your orange master destroyed all norms which has made people like you to think it's ok to accept lies and to repeat them like they're truths.

Low IQ, easily manipulated children you are. 

So you admit the fed is subjected to political pressure? And the only way to apply that pressure is by publicly speaking out about it? Can’t be done behind the scenes? 

[Hardcore troubadour 15,439]

25 minutes ago, Ron_Artest said:

The 3% mortgage rate applied people.  It wasn't normal.  Look at history.  You don't need a 3% mortgage rate to drive housing growth.

Also along with the 3% mortgage came the .001% interest rate on savings.

Everything is relative.

Correct. So are we going to act as if the fed only kept rates down for Trump? Come on. 

[lickin_starfish 1,937]

The good ol days vs Potato times...

https://media.scored.co/scale/ZC18lxigrbp91nri.jpeg

[BeachGuy23 642]

1 minute ago, Hardcore troubadour said:

So you admit the fed is subjected to political pressure? And the only way to apply that pressure is by publicly speaking out about it? Can’t be done behind the scenes? 

Your master is the ONLY president to directly call out Fed policy and try to influence it publicly.

You're just so ingrained in the cult that you have zero memory of what it was like before Trump destroyed all political norms.

He's been a scourge on this country and set us back quite bigly. 

[BeachGuy23 642]

2 minutes ago, lickin_starfish said:

The good ol days vs Potato times...

https://media.scored.co/scale/ZC18lxigrbp91nri.jpeg

The good ol' days during covid when Trump destroyed demand and the price of a barrel of oil was negative?

And just lol at you lying with a pick of gas prices at their high...SMH

You moron cultist make me laugh quite bigly. 

[Hardcore troubadour 15,439]

1 minute ago, BeachGuy23 said:

Your master is the ONLY president to directly call out Fed policy and try to influence it publicly.

You're just so ingrained in the cult that you have zero memory of what it was like before Trump destroyed all political norms.

He's been a scourge on this country and set us back quite bigly. 

Hood off on the slap fight for a little bit. Can you just acknowledge that the fed has been subjected to political pressure? 

[BeachGuy23 642]

1 minute ago, Hardcore troubadour said:

Hood off on the slap fight for a little bit. Can you just acknowledge that the fed has been subjected to political pressure? 

The Fed has never had public political pressure like Trump's constant crying.

We have no way of knowing what happens behind the scenes.  Certainly the Fed isn't doing BIden any favors right now. 

That's why I said he's destroyed all norms and set the country back. 

[Hardcore troubadour 15,439]

17 minutes ago, BeachGuy23 said:

The Fed has never had public political pressure like Trump's constant crying.

We have no way of knowing what happens behind the scenes.  Certainly the Fed isn't doing BIden any favors right now. 

That's why I said he's destroyed all norms and set the country back. 

Ok. Can’t grasp what I’m saying. The fed is set up to not be subjected to political pressure in any form. If it is, that’s the problem.  Now I ask, why would the fed raise interest rates if inflation was low? Does that not figure into your evaluation, or is it all just Trump? 

[TimHauck 2,877]

2 hours ago, RLLD said:

Correct.   Nothing you have stated refutes the current lived experiences of the lower economic strata, and notably the student forgiveness will make it worse....

Less people living in poverty and far lower unemployment says you are wrong.  Anyone who thinks the current economy is worse for the lower classes than after the 2008 crash is focking delusional.

[RLLD 4,230]

1 minute ago, TimHauck said:

Less people living in poverty and far lower unemployment says you are wrong.  Anyone who thinks the current economy is worse for the lower classes than after the 2008 crash is focking delusional.

People are suffering more than they ever have in their lifetimes.    You should care about that.  Instead you want to pretend everything is just fine to protect a political power....    and you have NO shame about this....

[TimHauck 2,877]

Just now, RLLD said:

People are suffering more than they ever have in their lifetimes.    You should care about that.  Instead you want to pretend everything is just fine to protect a political power....    and you have NO shame about this....

Define “people.” Some people, sure.  The lower classes as a whole, absolutely not.

I’m not saying it’s good.  It’s definitely worse than 2016-2019.  But it’s still better than after the 2008 crash for the lower classes.

[Ron_Artest 1,539]

1 minute ago, RLLD said:

People are suffering more than they ever have in their lifetimes.    You should care about that.  Instead you want to pretend everything is just fine to protect a political power....    and you have NO shame about this....

Says the guy who has no shame peddling obvious BS to disparaige the politician he doesn't like

[Ron_Artest 1,539]

Also student debt relief is gonna help people that are struggling right now, obviously. ,

[Hardcore troubadour 15,439]

It’s all a game to them and we pay the price. It’s not like Trump didn’t do it as well. He wanted another stimulus check right before the election, republicans stopped it. But you won’t hear anyone on the left calling out Biden for these ploys or stopping it. 

[Engorgeous George 2,331]

54 minutes ago, BeachGuy23 said:

Your master is the ONLY president to directly call out Fed policy and try to influence it publicly.

You're just so ingrained in the cult that you have zero memory of what it was like before Trump destroyed all political norms.

He's been a scourge on this country and set us back quite bigly. 

Really?  You actually believe this don't you?

[Baker Boy 1,699]

9 minutes ago, TimHauck said:

Less people living in poverty and far lower unemployment says you are wrong.  Anyone who thinks the current economy is worse for the lower classes than after the 2008 crash is focking delusional.

The poverty rate was 10.5% in 2019, it is over 12% today.

The unemployment rate in 2019 was 3.5%, it is 3.8% today.

 

[TimHauck 2,877]

8 minutes ago, Baker Boy said:

The poverty rate was 10.5% in 2019, it is over 12% today.

The unemployment rate in 2019 was 3.5%, it is 3.8% today.

 

Now do vs 2009

[Baker Boy 1,699]

4 minutes ago, TimHauck said:

Now do vs 2009

Why don’t we go back to 1925 in the middle of the depression? The Biden economy would look great then.

[TimHauck 2,877]

4 minutes ago, Baker Boy said:

Why don’t we go back to 1925 in the middle of the depression? The Biden economy would look great then.

Follow the argument dummy. I’ve specifically said it was worse than 2016-2019.  @RLLD said the current economy was “the worst of their lifetime for people in the lower classes.”  I pointed out that it’s not worse than after the 2008 crash.

[Baker Boy 1,699]

2 minutes ago, TimHauck said:

Follow the argument dummy. I’ve specifically said it was worse than 2016-2019.  @RLLD said the current economy was “the worst of their lifetime for people in the lower classes.”  I pointed out that it’s not worse than after the 2008 crash.

You said it was but you didn’t provide a link. You expect us just to believe you because you said it? And no a Twitter link does not count.

[TimHauck 2,877]

5 minutes ago, Baker Boy said:

You said it was but you didn’t provide a link. You expect us just to believe you because you said it? And no a Twitter link does not count.

I linked the poverty stats from the census bureau

[lickin_starfish 1,937]

So Timmy the Diddler's argument is that Potato Joe's economy isn't as good as Trump's, but better than Obama's.

Brilliant.

 

[TimHauck 2,877]

1 minute ago, lickin_starfish said:

So Timmy the Diddler's argument is that Potato Joe's economy isn't as good as Trump's, but better than Obama's.

Brilliant.

 

 I voted for Trump 2x and probably will again.

I was simply pointing out that @RLLD’s argument that Biden’s economy is “the worst of the lower classes’ lifetime” is laughably wrong.  Weird that none of the righties have pointed out the absurdity of that statement, some even alluded to agreeing with it.

[RLLD 4,230]

14 minutes ago, TimHauck said:

 I voted for Trump 2x and probably will again.

I was simply pointing out that @RLLD’s argument that Biden’s economy is “the worst of the lower classes’ lifetime” is laughably wrong.  Weird that none of the righties have pointed out the absurdity of that statement, some even alluded to agreeing with it.

Ignoring it won’t remove it, it’s absolutely the truth as documented from journalism 

pretend all you want

[RLLD 4,230]

33 minutes ago, TimHauck said:

Follow the argument dummy. I’ve specifically said it was worse than 2016-2019.  @RLLD said the current economy was “the worst of their lifetime for people in the lower classes.”  I pointed out that it’s not worse than after the 2008 crash.

It’s still the worst, as documented