This economy is so bad

[BeachGuy23 642]

26 minutes ago, supermike80 said:

You're literally making no sense at all.   But OK.  

I meant, credit card debts hits a new high every year.  We sent free checks to everyone in 2020 and 2021 so credit card debt went down a bit.

It's just back to normal now.

Make sense now?

[Maximum Overkill 1,739]

Just now, BeachGuy23 said:

Make sense now?

BOYO, not everyone is rich, handsome and charming like us.

 

[BeachGuy23 642]

1 hour ago, RLLD said:

I have said much more than that. Given that I have been proven correct time and again, and that people were far better off as I noted, I am comfortably corroborated by the polling as people make it clear they are not happy.

Can you explain again how inflation is Biden's fault when as Ron noted, Trump spent double on covid and we pumped more oil than anyone in 2023.  And 2022 was very close to the highs from 2019.  Also can you explain how Trump's adding $8T to the debt while supply chains were destroyed in 2020 didn't cause inflation.

Can you use facts instead of your normal feelz comments?

 

[BeachGuy23 642]

1 minute ago, Maximum Overkill said:

BOYO, not everyone is rich, handsome and charming like us.

 

US boyo?  I mean me yes, you, not so sure...

[Maximum Overkill 1,739]

Just now, BeachGuy23 said:

US boyo?  I mean me yes, you, not so sure...

Now that hurts. All the other stuff I can take, but that's low! 

[thegeneral 2,896]

You know what will fix inflation and the cost of housing - taxes for the super rich!

[Maximum Overkill 1,739]

2 minutes ago, thegeneral said:

You know what will fix inflation and the cost of housing - taxes for the super rich!

No it won't. It wouldn't do a damn thing to help inflation. I'm all for it but that's not the answer. 

[Maximum Overkill 1,739]

13 minutes ago, BeachGuy23 said:

US boyo?  I mean me yes, you, not so sure...

 

[Hardcore troubadour 14,926]

High credit card debt  at high interest rates is a good thing now. Just like inflation. 

[Ron_Artest 1,048]

43 minutes ago, supermike80 said:

You're literally making no sense at all.   But OK.  

Maybe a chart will help

https://tradingeconomics.com/united-states/debt-balance-credit-cards

In this chart you can see that from 2003- Q4 2008, credit card debt made all time highs.  If you look closely at the data the all time high is Q4 (holiday spending) then people recover in the following Q1.  Then we had the great recession, and debt fell.  It continues to fall as people were still wary until about 2014 when it picked up again.  Hit all time highs during the Trump years.  Then covid, everyone stopped spending money and it fell again.  Then people spent like crazy the past few years as the economy boomed and people made up for lack of spending during covid.

Here is another interesting chart

https://wallethub.com/edu/cc/average-credit-card-debt/25533

Here they do an average per family and adjust for inflation.  Looking at this data, you can see that the all time high was still 2008 before the crash.  That was the time when everyone lived above their means before it all came crashing down.   You can see it hit highs every year during Trump, only to crash again in coivd.  End of 2023 was still less than 2019 and much less than 2008.

[Maximum Overkill 1,739]

1 minute ago, Ron_Artest said:

Maybe a chart will help

https://tradingeconomics.com/united-states/debt-balance-credit-cards

In this chart you can see that from 2003- Q4 2008, credit card debt made all time highs.  If you look closely at the data the all time high is Q4 (holiday spending) then people recover in the following Q1.  Then we had the great recession, and debt fell.  It continues to fall as people were still wary until about 2014 when it picked up again.  Hit all time highs during the Trump years.  Then covid, everyone stopped spending money and it fell again.  Then people spent like crazy the past few years as the economy boomed and people made up for lack of spending during covid.

Here is another interesting chart

https://wallethub.com/edu/cc/average-credit-card-debt/25533

Here they do an average per family and adjust for inflation.  Looking at this data, you can see that the all time high was still 2008 before the crash.  That was the time when everyone lived above their means before it all came crashing down.   You can see it hit highs every year during Trump, only to crash again in coivd.  End of 2023 was still less than 2019 and much less than 2008.

 

 

[Hardcore troubadour 14,926]

These Fockin idiots can’t put it together that people are getting less for their credit card debt and paying a much higher interest rate.  

[Maximum Overkill 1,739]

 

[Pimpadeaux 2,404]

If Clownzo were president, the MAGAturds here would be trumpeting the economy and posting the same links they're currently dismissing.

[Maximum Overkill 1,739]

 

[Hardcore troubadour 14,926]

700 dollar a month car payments are not unusual now. And we aren’t talking range rovers. 

[BeachGuy23 642]

3 minutes ago, Hardcore troubadour said:

700 dollar a month car payments are not unusual now. And we aren’t talking range rovers. 

You realize that all this started in 2020 right?

RIGHT?

Your boy let supply chains get so jacked up that cost for everything went through the roof.

Biden has just fixed what Trump jacked up. 

[Hardcore troubadour 14,926]

The food pantry at my church have been making more and more appeals for donations than a few years ago. 

[Pimpadeaux 2,404]

https://www.recenter.tamu.edu/data/housing-activity/#!/activity/MSA/Dallas-Fort_Worth-Arlington

Home inventory is a great way to see whether it's a buyer or seller market.

The stats show that based on sales rates how quickly the inventory would run out if no additional homes were added to the market.

It got down to below 1 month in early 2022 and was at 2.7 months in February.

A balanced market is 6 months, so we're clearly still in a sellers' market. Home prices are higher in a sellers' market for obvious reasons.

Gas prices, home sales, inflation, wages - all of it is tied to supply and demand. This is Economics 101. 

If McDonald's can't hire people for $10 an hour because folks can roll over to Wendy's and get $12 an hour, it has to raise wages to compete.

Supply and demand for workers. People have more money, so they spend more, and prices go up.

[Pimpadeaux 2,404]

9 minutes ago, Hardcore troubadour said:

The food pantry at my church have been making more and more appeals for donations than a few years ago. 

And Clownzo can't scrape together more than $400 million for his legal funness.

[Hardcore troubadour 14,926]

If inflation is down and wages are up, then why are people using their credit cards more at really high interest rates? Doesn’t add up. 

[Hardcore troubadour 14,926]

I like when Libtards concentrate on states that are spoken for electorally and ignore the ones that aren’t.  It’s the path to victory.  

[Hawkeye21 2,381]

What are you expecting Trump to do to make everything better?

[thegeneral 2,896]

29 minutes ago, Hawkeye21 said:

What are you expecting Trump to do to make everything better?

Put Hunter Biden in jail.

[Hawkeye21 2,381]

1 minute ago, thegeneral said:

Put Hunter Biden in jail.

BOOM!  America fixed.

[Pimpadeaux 2,404]

1 hour ago, Hawkeye21 said:

What are you expecting Trump to do to make everything better?

An old-school bloodbath.

[Maximum Overkill 1,739]

26 minutes ago, Pimpadeaux said:

An old-school bloodbath.

Yup, because that's EXACTLY what Trump said. 

Typical Lying Libtard.

[Pimpadeaux 2,404]

5 minutes ago, Maximum Overkill said:

Yup, because that's EXACTLY what Trump said. 

Typical Lying Libtard.

So Clownzo didn't use the word "bloodbath?"

 

[seafoam1 2,799]

3 minutes ago, Pimpadeaux said:

So Clownzo didn't use the word "bloodbath?"

 

no. biden is too much a pvssy clown to use that word. 

[Hardcore troubadour 14,926]

1 hour ago, Hawkeye21 said:

What are you expecting Trump to do to make everything better?

Everything? What a stupid question.  

[supermike80 1,803]

2 hours ago, Hardcore troubadour said:

If inflation is down and wages are up, then why are people using their credit cards more at really high interest rates? Doesn’t add up. 

No no..Hes got it all figured out.  The economy is booming you see because people are at restaurant and bars and what not

[Hardcore troubadour 14,926]

4 minutes ago, supermike80 said:

No no..Hes got it all figured out.  The economy is booming you see because people are at restaurant and bars and what not

And fails to mention all the restaurants that have closed over the last few years.  

[iam90sbaby 2,482]

The economy is great. The real problem is greedy boards and business owners that don't properly pay their employees.

[Hawkeye21 2,381]

56 minutes ago, Hardcore troubadour said:

Everything? What a stupid question.  

No.  The question is valid, your answer to it is stupid.

[listen2me 23 1,825]

I know they are switching blends so it will go up.  But how much has your gas went up?  Mine has went up 50-60 cents in 3 weeks.  

[Hardcore troubadour 14,926]

8 minutes ago, Hawkeye21 said:

No.  The question is valid, your answer to it is stupid.

You think the expectation from Trump voters is he fix everything?  

[Hawkeye21 2,381]

1 minute ago, Hardcore troubadour said:

You think the expectation from Trump voters is he fix everything?  

Of course not, but many of you here talk him up as if he will.  I would like to know what you think he's going to do to make it happen?  If all you want to tell me is that Biden sucks, then cool, I agree.

[Hardcore troubadour 14,926]

1 minute ago, Hawkeye21 said:

Of course not, but many of you here talk him up as if he will.  I would like to know what you think he's going to do to make it happen?  If all you want to tell me is that Biden sucks, then cool, I agree.

Border. Deport. DOJ. Peace. Revenge. 

[Hawkeye21 2,381]

1 minute ago, Hardcore troubadour said:

Border. Deport. DOJ. Peace. Revenge. 

Do you actually think Trump is going to deport all, or most, of the illegals?  I wouldn't be surprised if he still doesn't get the wall finished.

[Hardcore troubadour 14,926]

2 minutes ago, Hawkeye21 said:

Do you actually think Trump is going to deport all, or most, of the illegals?  I wouldn't be surprised if he still doesn't get the wall finished.

The wall will be almost complete before he gets in. And he will start with the criminals, who for some reason you don’t want deported.  Then no more money for the illegals.