This economy is so bad

[Strike 5,542]

All is well!!!!

https://www.bankrate.com/credit-cards/news/credit-utilization-survey/?tpt=b

[RLLD 4,230]

 

[Sean Mooney 1,983]

This is a good thorough series of reads from The Economist about the economy. The article is entitled "The Envy of the World: America's Economy is Bigger and Better Than Ever". It looks at many statistics as to where we are, the change over history, provides a ton of context, and talks about where politics- and both the policies of either Kamala or Donald- could mess things up going forward. It links to other articles in the main article that go into some further detail on things. 

This is a splash page with a ton of articles to click into. They should all work link wise- if an individual one does not I can circle back to it for you: https://archive.ph/36P6l

Some key points:

Quote

Yet good policy has been important, too. America has long married light-touch regulation with speedy and generous spending when a crisis hits. Although supersized stimulus during the pandemic fuelled inflation, it has also ensured that America has grown by 10% since 2020, three times the pace of the rest of the g7. By contrast, stingier Germany is mired in recession for a second consecutive year.

 

Quote

America’s dynamic private sector draws in immigrants, ideas and investment, begetting more dynamism. It is home not just to the world’s biggest rocket-launch industry, but also its internet giants and best artificial-intelligence startups. Its seven big tech firms are together worth more than the stockmarkets of Britain, Canada, Germany and Japan combined; Amazon alone spends more on research and development than all of British business. Because the dollar is the world’s reserve currency, meanwhile, investors have a keen appetite for American debt.

Quote

 In 1990 America accounted for about two-fifths of the overall GDP of the G7 group of advanced countries; today it is up to about half  On a per-person basis, American economic output is now about 40% higher than in western Europe and Canada, and 60% higher than in Japan—roughly twice as large as the gaps between them in 1990. Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.

 

[TimHauck 2,873]

21 hours ago, Strike said:

All is well!!!!

https://www.bankrate.com/credit-cards/news/credit-utilization-survey/?tpt=b

Interesting article but it doesn’t compare the “% that have maxed out a card or come close” to past history.  It does have this line though:

“Utilization rates at an aggregate, nationwide level seem stable, even as credit card debt hit a new record of $1.14 trillion in the second quarter of 2024, according to the New York Fed’s Household Debt and Credit Report. The average credit card utilization rate was 21.3 percent in August, in line with a historic norm since 2011 of 20-22 percent and below the 30 percent rule-of-thumb that experts typically recommend, according to Equifax data…Equifax data also shows that utilization rates have surged from where they stood in March 2022 (18.6 percent). Back in April 2021, meanwhile, the average utilization rate hit the lowest levels ever recorded (18 percent).”

 

 

So, first of all worth noting that it was still very low through at least March 2022.  So basically as I’ve been saying, the economy isn’t great, but it’s really not bad.  

 

[thegeneral 3,214]

4 hours ago, Sean Mooney said:

This is a good thorough series of reads from The Economist about the economy. The article is entitled "The Envy of the World: America's Economy is Bigger and Better Than Ever". It looks at many statistics as to where we are, the change over history, provides a ton of context, and talks about where politics- and both the policies of either Kamala or Donald- could mess things up going forward. It links to other articles in the main article that go into some further detail on things. 

This is a splash page with a ton of articles to click into. They should all work link wise- if an individual one does not I can circle back to it for you: https://archive.ph/36P6l

Some key points:

Quote

Yet good policy has been important, too. America has long married light-touch regulation with speedy and generous spending when a crisis hits. Although supersized stimulus during the pandemic fuelled inflation, it has also ensured that America has grown by 10% since 2020, three times the pace of the rest of the g7. By contrast, stingier Germany is mired in recession for a second consecutive year.

 

Quote

America’s dynamic private sector draws in immigrants, ideas and investment, begetting more dynamism. It is home not just to the world’s biggest rocket-launch industry, but also its internet giants and best artificial-intelligence startups. Its seven big tech firms are together worth more than the stockmarkets of Britain, Canada, Germany and Japan combined; Amazon alone spends more on research and development than all of British business. Because the dollar is the world’s reserve currency, meanwhile, investors have a keen appetite for American debt.

Quote

 In 1990 America accounted for about two-fifths of the overall GDP of the G7 group of advanced countries; today it is up to about half  On a per-person basis, American economic output is now about 40% higher than in western Europe and Canada, and 60% higher than in Japan—roughly twice as large as the gaps between them in 1990. Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.

We have the best economy going. People getting rich everywhere. There are millions of jobs that aren’t filled.

Yet somehow everything is the worst of all time.

[Hardcore troubadour 15,430]

Yeah. Democrats like to tell us people in America are starving and they speak of food deserters, no grocery stores when republicans are in charge. And then like magic those issues disappear when democrats are.  We might be hearing about them again sometime this spring. 

[thegeneral 3,214]

We had the worst economy in the history of the world 2008-2016; the best from 2017 - 2019, then the worst again from 2020 - 2024.

[RLLD 4,230]

Notice that the Democrats have stopped gaslighting the voters, have stopped trying to sell them this farcical view of the economy….

They mostly now avoid it. Perhaps they finally realized that putting this in the faces of voters and trying to tell them their lives experience was not true was not working

my worry is that they truly do not care, and would continue with their docking moronic policies that harmed people in the first place

[TimHauck 2,873]

1 hour ago, RLLD said:

Notice that the Democrats have stopped gaslighting the voters, have stopped trying to sell them this farcical view of the economy….

They mostly now avoid it. Perhaps they finally realized that putting this in the faces of voters and trying to tell them their lives experience was not true was not working

my worry is that they truly do not care, and would continue with their docking moronic policies that harmed people in the first place

Not really avoiding it.  Telling the truth actually.  There’s more work to do. But you are grossly exaggerating how “bad” it is.

 

 

 

 

[Strike 5,542]

1 hour ago, RLLD said:

Notice that the Democrats have stopped gaslighting the voters, have stopped trying to sell them this farcical view of the economy….

They mostly now avoid it. Perhaps they finally realized that putting this in the faces of voters and trying to tell them their lives experience was not true was not working

my worry is that they truly do not care, and would continue with their docking moronic policies that harmed people in the first place

Why wouldn't they?  If no one holds them accountable why not?

[squistion 2,200]

 

[Horseman 2,458]

2 hours ago, squistion said:

 

Your boyfriend finally found a job?  Congrats!  

[RLLD 4,230]

13 hours ago, Strike said:

Why wouldn't they?  If no one holds them accountable why not?

Correct. The media should be at least noting.....well, correcting the "misinformation".  Notice also how Democrats like to pretend they increased oil production?   Yeah, all that production came from what are called "DUC's"....and had NOTHING to do with Biden or Harris....since those all started before their administration, and those stupid fockers halted the federal leases....

[RLLD 4,230]

13 hours ago, TimHauck said:

Not really avoiding it.  Telling the truth actually.  There’s more work to do. But you are grossly exaggerating how “bad” it is.

 

 

 

 

Truth should never.....ever....be applied to a political player, I mean like, ever......

Now, if you want "truth".....you should go find the voters out there declaring their intent to vote for Trump because their lives were better......

[TimHauck 2,873]

3 minutes ago, RLLD said:

Now, if you want "truth".....you should go find the voters out there declaring their intent to vote for Trump because their lives were better......

Wow you finally did actually say a truthful statement.

Economy better under Trump than Biden: yes

Current economy worst in the lower classes lifetime: not by a longshot

[RLLD 4,230]

2 minutes ago, TimHauck said:

Wow you finally did actually say a truthful statement.

Economy better under Trump than Biden: yes

Current economy worst in the lower classes lifetime: not by a longshot

Semantics of course.  If the people perceive it as the worst, as I have heard over and over through polling and interviews....then we can protest their feeling all we want......but they will vote the people out of office who made it the worst time in their lives.....   this manuever, I have noted it used elsewhere.....with many disparate topics...

On the one hand some cop hurts an AA, and its like the world is ending....this single event is so important we must riot and defund etc etc...

Then, some immigrants take over a couple hotels and the stance moves away toward...well, it was just one or two.....

Minimizing the damage where it does not serve political dogma, and elevating it where it does.....for me....is really sorta despicable.   Caring only when politically expedient is a real nasty way to think

[TimHauck 2,873]

2 minutes ago, RLLD said:

Semantics of course.  If the people perceive it as the worst, as I have heard over and over through polling

Weird, you’ve heard it over and over through polling but don’t have any links to these supposed polls saying the economy is the worst of the lower classes lifetime

[RLLD 4,230]

Just now, TimHauck said:

Weird, you’ve heard it over and over through polling but don’t have any links to these supposed polls saying the economy is the worst of the lower classes lifetime

And yet I have, but please understand, putting the onus on me to go reproduce something i have had to repost over and over loses its luster.  I do repost again, today for you.....then next week someone else appears and denies it...demand the links again....this repetitive activity....have to prove over and over when people refuse to use the search feature....i just get tired of it.

So no, I will not repost my sources. Instead, since its so evident right now from so many sources, search for it.  The people are telling you, not listening and pretending it away is a BIG reason your preferred candidate loses ground and likely does not get elected.

[Sean Mooney 1,983]

5 minutes ago, TimHauck said:

Weird, you’ve heard it over and over through polling but don’t have any links to these supposed polls saying the economy is the worst of the lower classes lifetime

You are forgetting the guy with the skeleton in his basement on youTube who said it, so it must be true. 

RLLD has no credibility on the economic issues. He ruined that weeks ago. 

[TimHauck 2,873]

1 minute ago, RLLD said:

And yet I have, but please understand, putting the onus on me to go reproduce something i have had to repost over and over loses its luster.  I do repost again, today for you.....then next week someone else appears and denies it...demand the links again....this repetitive activity....have to prove over and over when people refuse to use the search feature....i just get tired of it.

So no, I will not repost my sources. Instead, since its so evident right now from so many sources, search for it.  The people are telling you, not listening and pretending it away is a BIG reason your preferred candidate loses ground and likely does not get elected.

Pretty sure you never posted polling saying that.  You’ve posted random YouTube videos of black people saying they’re planning to vote for Trump.

[RLLD 4,230]

3 minutes ago, TimHauck said:

Pretty sure you never posted polling saying that.  You’ve posted random YouTube videos of black people saying they’re planning to vote for Trump.

I have....sometimes I save my posts in like links because I know this is coming. There are many people who think they know, but really do not, and so I try to save my links to drop in over and over, you may have noticed here and there......as so many people just are not aware and try to call bullsh!t pretty often.  But did not save these, there were a handful and I do not feel like digging them up.  So I will be lazy.

[Sean Mooney 1,983]

"I have posted it. I save my posts in links so it should be easy to bring up but I won't. is some serious break in logic. 

[RLLD 4,230]

20 minutes ago, Sean Mooney said:

"I have posted it. I save my posts in links so it should be easy to bring up but I won't. is some serious break in logic. 

Normally I would laugh this adolescent stuff off, but will highlight that active move here to not include my acknowledgement of being lazy here, to show how this lie was employed by Mr. Mooney.  Not unexpected of course, but unfortunate. 

[Sean Mooney 1,983]

46 minutes ago, RLLD said:

Normally I would laugh this adolescent stuff off, but will highlight that active move here to not include my acknowledgement of being lazy here, to show how this lie was employed by Mr. Mooney.  Not unexpected of course, but unfortunate. 

the lazy is implied in the "I won't."

HTH. Good try though 

[TimHauck 2,873]

On 4/16/2024 at 10:25 AM, RLLD said:

https://www.youtube.com/watch?v=hz97wPA2_n4

 

On 4/16/2024 at 2:01 PM, TimHauck said:

I just listened to this.   Did you, or did you just search “worst economy of lifetime” in YouTube and copy paste?

1.  Despite the title, there was no actual discussion about what made it “the worst economy of his lifetime” as compared to other periods (and this guy is pretty old so he’s been through more than just 2008). The only comparison I heard him give was vs before the Covid pandemic.

2. There was also not much discussion about how it was impacting the lower classes worse, except for one comment about the “wealth distribution,” but that’s moreso driven by the rich getting richer.  In fact at one point the other host even commented about wages being up for the bottom 50%.

This video does nothing to support your argument.

I had already went back through your posts the last time I asked this question and this was the best I could find

[RLLD 4,230]

2 minutes ago, Sean Mooney said:

the lazy is implied in the "I won't."

HTH. Good try though 

I was a little put off here that you did not continue the " no link = you cannot be right" tactic, but will drop this anyway....

 

[RLLD 4,230]

1 minute ago, TimHauck said:

 

I had already went back through your posts the last time I asked this question and this was the best I could find

Not sure how  well you searched, I can likely go find them, maybe later, I put one in a response above.  

But....pausing for a moment.....  you can fold your arms, hold your breath, and insist its just not true......but the people......are telling you its true.  Not listening to them, or insisting they are wrong, I just think this is not simply politically flawed.....dude, its outright mean.....JMHO

[Sean Mooney 1,983]

4 minutes ago, RLLD said:

I was a little put off here that you did not continue the " no link = you cannot be right" tactic, but will drop this anyway....

 

So one person's opinion is a poll?

[RLLD 4,230]

15 minutes ago, Sean Mooney said:

So one person's opinion is a poll?

No, but all the polls corroborating this, well, they tell the story....this was just an example to help you better understand.....you are free to continue to ignore the plight of people,,,,as they show through the polling what they feel, all you want....

[Sean Mooney 1,983]

Just now, RLLD said:

No, but all the polls corroborating this, well, they tell the story....this was just an example to help you better understand.....you are free to continue to ignore the plight of people,,,,as they show through the polling what they feel, all you want....

The same polls where I showed that people were saying they are doing personally well but the overall economy is bad? The same polls where I argued there is a break between reality and perception for people if that is the story? And then you wrote a lot of words blowing it off. 

Where are the polls that corroborate what you are saying?

[TimHauck 2,873]

21 minutes ago, RLLD said:

Not sure how  well you searched, I can likely go find them, maybe later, I put one in a response above.  

But....pausing for a moment.....  you can fold your arms, hold your breath, and insist its just not true......but the people......are telling you its true.  Not listening to them, or insisting they are wrong, I just think this is not simply politically flawed.....dude, its outright mean.....JMHO

The one you just posted is the same one I quoted you having posted earlier.  It does not say what you think it does despite the scary thumbnail.

[purdygood 352]

14 minutes ago, RLLD said:

I was a little put off here that you did not continue the " no link = you cannot be right" tactic, but will drop this anyway....

 

I didn't watch the video.. but is it just two old white people yelling at each other?

[Sean Mooney 1,983]

6 minutes ago, purdygood said:

I didn't watch the video.. but is it just two old white people yelling at each other?

No it is a poll apparently- where one white old guy argued with an old white lady for 131K YouTube subscribers and it is "POLL EVIDENCE"

[RLLD 4,230]

9 minutes ago, Sean Mooney said:

The same polls where I showed that people were saying they are doing personally well but the overall economy is bad? The same polls where I argued there is a break between reality and perception for people if that is the story? And then you wrote a lot of words blowing it off. 

Where are the polls that corroborate what you are saying?

No, the polls where people are asserting the economy is their biggest concern and will be voting for Trump as a result.  Or.....just laugh it off, think them stupid perhaps....works for me since the lack of acknowledgement is moving people to vote for Trump

[RLLD 4,230]

10 minutes ago, TimHauck said:

The one you just posted is the same one I quoted you having posted earlier.  It does not say what you think it does despite the scary thumbnail.

It does say what I am asserting, but what does it really matter now? I mean the voters are moving toward Trump.  And you know what....i Harris had just admitted what happened, and then explained how she would not repeat the same mistakes....would do better......I bet she could have won.....but if denial is more important, fine by me my friend, we all win when Trump gets back in.

[Sean Mooney 1,983]

6 minutes ago, RLLD said:

No, the polls where people are asserting the economy is their biggest concern and will be voting for Trump as a result.  Or.....just laugh it off, think them stupid perhaps....works for me since the lack of acknowledgement is moving people to vote for Trump

I have never laughed it off or called them stupid. Just pointed out the difference between what they perceive and their reality.

Again- you mention these polls. Should be easy to bring up.

[RLLD 4,230]

11 minutes ago, purdygood said:

I didn't watch the video.. but is it just two old white people yelling at each other?

No,, in this instance you have the credentialed person more or less explaining why people are moving away from Democrats and their horrid economics.

It can be a challenge with these.  You post people explaining how its the worst time for them in their lives economically (by the way there is an element to this no one has yet even stumbled upon, which is remarkable because by now someone should have realized a factor by accident at least, but I digress).  Now, you show folks "the people" and often what you get is hand-picked stats that might try to refute their lived experiences, so its useful to trot out one of these credentialed folks who can explain it academically.

But in the end, its a zero sum game.  People who elevate politics above outcomes will hold fast and white knuckled to their politicians instead of what is best for the nation.  For those, on both sides I would note, who hear something that could tend to impugn their political candidate they perform a kind of cognitive dissonance.

So.....we can highlight how their are being philosophically dishonest or generally wrong....it wont matter, some people will never grow past their beliefs

[RLLD 4,230]

Just now, Sean Mooney said:

I have never laughed it off or called them stupid. Just pointed out the difference between what they perceive and their reality.

Again- you mention these polls. Should be easy to bring up.

Yeah, thats a clever word dance.....but later, when it arises that racism is brought up again, you now realize anyone who wants to refute that with you can use that same tactic, right?  I mean, it would be just a wrong then as you are now, but in doing this you open yourself up to have your stances later refuted in the same manner......

I will trot it out later, because it will be fun to poke at your hypocrisy, though I wont actually believe it....and I think you dont really think this either, you are just backed into a corner....because that sh@t you wrote above....is focking stupid brother....

[Sean Mooney 1,983]

1 minute ago, RLLD said:

Yeah, thats a clever word dance.....but later, when it arises that racism is brought up again, you now realize anyone who wants to refute that with you can use that same tactic, right?  I mean, it would be just a wrong then as you are now, but in doing this you open yourself up to have your stances later refuted in the same manner......

I will trot it out later, because it will be fun to poke at your hypocrisy, though I wont actually believe it....and I think you dont really think this either, you are just backed into a corner....because that sh@t you wrote above....is focking stupid brother....

None of that provided evidence. 

Here is where you are- you have said Trump bears no blame for inflation despite me showing you lots of links that show he bares some responsibility even if it is not the majority of it. You said one of the most important things of being a President is admitting mistakes and when pressed on what mistakes Trump has owned up to you hemmed and hawed and then said "Well when the media asks him about them...." which undercuts your years of saying the media is out to get Trump.

You've looked like a fool repeatedly on this forum in the past month. And now you add this nonsense in. I have no problem with you wanting to continually play the fool act. But just know it means no one takes you seriously at this point then. 

[purdygood 352]

6 minutes ago, RLLD said:

No, the polls where people are asserting the economy is their biggest concern and will be voting for Trump as a result.  Or.....just laugh it off, think them stupid perhaps....works for me since the lack of acknowledgement is moving people to vote for Trump

I get people "feel" like the economy is bad... but then my next question is, what exactly is Trump gonna do to fix their "feelings"?  Maybe they just want an excuse to vote for Trump even if they don't like him as a person per se (but they do want to vote for him).