Hardcore troubadour 14,074 Posted January 5 Just now, thegeneral said: How so? Shutup. Share this post Link to post Share on other sites
thegeneral 2,455 Posted January 5 24 minutes ago, HellToupee said: Lower rates but they can’t be lowered to fast for election purposes. That would really screw things up The Fed’s goal on doing all this was to get inflation down to 2% without having a recession. So far seems pretty effective along with other factors chipping in. Share this post Link to post Share on other sites
thegeneral 2,455 Posted January 5 3 minutes ago, Hardcore troubadour said: Shutup. Is your point you want interest rates to remain high? Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 Just now, thegeneral said: The Fed’s goal on doing all this was to get inflation down to 2% without having a recession. So far seems pretty effective along with other factors chipping in. Agree. I am actually a little surprised. I had low confidence they would manage it, but kudos to them....so far. Share this post Link to post Share on other sites
Horseman 1,983 Posted January 5 1 hour ago, thegeneral said: Sounds like you want rates to stay high. 7 minutes ago, thegeneral said: Is your point you want interest rates to remain high? Keep trying, maybe a third time will be the charm. Doesn't matter, one thing holds true: 13 minutes ago, RLLD said: Not just savers.....all people in the middle ( and lower) classes..... Flush cash making high interest rates or owned property values sky rocketing. I'm fine with both, fok the little guys. Share this post Link to post Share on other sites
thegeneral 2,455 Posted January 5 Just now, Horseman said: Keep trying, maybe a third time will be the charm. Doesn't matter, one thing holds true: Flush cash making high interest rates or owned property values sky rocketing. I'm fine with both, fok the little guys. It seems people want to have this both ways. Share this post Link to post Share on other sites
Horseman 1,983 Posted January 5 1 minute ago, thegeneral said: It seems people want to have this both ways. Either way. Either way the poors will bear the brunt. Either way your little gotcha doesn't work. 1 Share this post Link to post Share on other sites
thegeneral 2,455 Posted January 5 Just now, Horseman said: Either way. Either way the poors will bear the brunt. Either way your little gotcha doesn't work. It is definitely better to have cash and own stuff. That is a good forumla. There’s no gotcha, was a question. The Fed has done a good job here in my view. I think rates should be lowered when they can. When they do I will start moving a portion of my assets around. Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 17 minutes ago, Horseman said: Flush cash making high interest rates or owned property values sky rocketing. I'm fine with both, fok the little guys. Asssssss...... lol Share this post Link to post Share on other sites
seafoam1 2,493 Posted January 5 15 minutes ago, Horseman said: Either way. Either way the poors will bear the brunt. Either way your little gotcha doesn't work. It's all about having debt vs. not having debt. I've been clean for 20+ years of any debt and there has been nothing but profit from that. This is the one thing they should force upon kids in high school. The rest of the subjects are easy. Share this post Link to post Share on other sites
Raven Fan 362 Posted January 5 Economy adds 216k jobs in December. Wages increase 4.1%. What an amazing job Biden has done growing the economy and jobs while bringing Trumpflation down to normal levels. All with massive Fed rate increases that he did not once cry about. Great job Joe! 1 Share this post Link to post Share on other sites
Ron_Artest 767 Posted January 5 4 minutes ago, Raven Fan said: Economy adds 216k jobs in December. Wages increase 4.1%. What an amazing job Biden has done growing the economy and jobs while bring Trumpflation down to normal levels. All with massive Fed rate increases that he did not once cry about. Great job Joe! MAGAturds deny all this. They hate America. Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 7 minutes ago, Raven Fan said: Economy adds 216k jobs in December. Wages increase 4.1%. What an amazing job Biden has done growing the economy and jobs while bring Trumpflation down to normal levels. All with massive Fed rate increases that he did not once cry about. Great job Joe! Share this post Link to post Share on other sites
seafoam1 2,493 Posted January 5 11 minutes ago, Raven Fan said: Economy adds 216k jobs in December. Wages increase 4.1%. What an amazing job Biden has done growing the economy and jobs while bring Trumpflation down to normal levels. All with massive Fed rate increases that he did not once cry about. Great job Joe! Share this post Link to post Share on other sites
The Real timschochet 5,170 Posted January 5 40 minutes ago, Raven Fan said: Economy adds 216k jobs in December. Wages increase 4.1%. What an amazing job Biden has done growing the economy and jobs while bring Trumpflation down to normal levels. All with massive Fed rate increases that he did not once cry about. Great job Joe! Biden has done nothing to add these jobs. The economy continues to rebound from the Covid years but not because of anything Biden did or didn’t do. Presidents have very little power to create either short term prosperity or short term economic woes. This constant giving Biden credit or blaming him is lazy, dumb thinking IMO. Long term effects are different and here a President’s actions are far more palpable. We are only beginning to suffer from Donald Trump’s disastrous tariffs and rejection of the Trans Pacific Partnership the results will be bad for years to come no matter what Biden does; unfortunately Biden has done little to lift these tariffs which makes the situation even worse. Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 Just now, The Real timschochet said: Biden has done nothing to add these jobs. The economy continues to rebound from the Covid years but not because of anything Biden did or didn’t do. Presidents have very little power to create either short term prosperity or short term economic woes. This constant giving Biden credit or blaming him is lazy, dumb thinking IMO. Long term effects are different and here a President’s actions are far more palpable. We are only beginning to suffer from Donald Trump’s disastrous tariffs and rejection of the Trans Pacific Partnership the results will be bad for years to come no matter what Biden does; unfortunately Biden has done little to lift these tariffs which makes the situation even worse. The details are interesting, to me anyway. Biggest influences are government jobs, healthcare, and then a range of low-income stuff. Given the propensity for these numbers to get later revisions, I will wait to see what happens over the next few months. Never going to be unhappy about job growth to be sure though. Share this post Link to post Share on other sites
TheNewGirl 1,183 Posted January 5 2 minutes ago, The Real timschochet said: unfortunately Biden has done little to lift these tariffs which makes the situation even worse. Why hasn't he done anything about these? I am asking honestly, because he was able to Exec Order and reverse so many other things. Share this post Link to post Share on other sites
shadrap 162 Posted January 5 1 minute ago, TheNewGirl said: Why hasn't he done anything about these? I am asking honestly, because he was able to Exec Order and reverse so many other things. because they benefited the U.S. Share this post Link to post Share on other sites
The Real timschochet 5,170 Posted January 5 1 minute ago, TheNewGirl said: Why hasn't he done anything about these? I am asking honestly, because he was able to Exec Order and reverse so many other things. My opinion is that he is eager, both on this issue and that of illegal immigration, to attract some of the populism that has energized both the Trump and Bernie Sanders movements. Share this post Link to post Share on other sites
seafoam1 2,493 Posted January 5 2 minutes ago, The Real timschochet said: My opinion is that he is eager, both on this issue and that of illegal immigration, to attract some of the populism that has energized both the Trump and Bernie Sanders movements. Now there is no money to secure the border according to biden. Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 2 minutes ago, The Real timschochet said: My opinion is that he is eager, both on this issue and that of illegal immigration, to attract some of the populism that has energized both the Trump and Bernie Sanders movements. I submit its a little more complicated than that. First he has to balance and patronize the radicals in his party. He has fed them, and they are voracious.....I might point to his position on Israel, and the response of his internal WH staff as evidence of the problem he faces if he moves anywhere near the center. So he needs some serious political craftiness...... So then when he compels the Fed to lower rates, and eventually collaborates with Republicans on the border ( or even starts to deal with the border at all) he has to treat carefully. He has to manipulate as many centrist voters as possible in a rather short time, without fomenting the raging radicals all around him. I do not envy him at all..... Share this post Link to post Share on other sites
The Real timschochet 5,170 Posted January 5 1 minute ago, RLLD said: I submit its a little more complicated than that. First he has to balance and patronize the radicals in his party. He has fed them, and they are voracious.....I might point to his position on Israel, and the response of his internal WH staff as evidence of the problem he faces if he moves anywhere near the center. So he needs some serious political craftiness...... So then when he compels the Fed to lower rates, and eventually collaborates with Republicans on the border ( or even starts to deal with the border at all) he has to treat carefully. He has to manipulate as many centrist voters as possible in a rather short time, without fomenting the raging radicals all around him. I do not envy him at all..... Both parties face the conundrum of extremists at the edges. But I think you overstate it in the case of Biden. Share this post Link to post Share on other sites
weepaws 2,986 Posted January 5 1 hour ago, Raven Fan said: Economy adds 216k jobs in December. Wages increase 4.1%. What an amazing job Biden has done growing the economy and jobs while bring Trumpflation down to normal levels. All with massive Fed rate increases that he did not once cry about. Great job Joe! 12 dollars for one gallon of gas, one gallon of milk, and one carton of eggs, horrible job government. Share this post Link to post Share on other sites
Raven Fan 362 Posted January 5 1 minute ago, weepaws said: 12 dollars for one gallon of gas, one gallon of milk, and one carton of eggs, horrible job government. You need to stop shopping at Whole Foods friend. I can easily get the same for $10 or less. Or basically the same as it's been for 5 years. Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 1 minute ago, The Real timschochet said: Both parties face the conundrum of extremists at the edges. But I think you overstate it in the case of Biden. Perhaps. Trump has his share of internal staff strife as I recall, though I am not acutely aware of it hitting Obama or his predecessors. I think it rare for WH staff to do what they did to him, that took balls. Share this post Link to post Share on other sites
Pimpadeaux 2,403 Posted January 5 1 hour ago, Raven Fan said: Economy adds 216k jobs in December. Wages increase 4.1%. What an amazing job Biden has done growing the economy and jobs while bring Trumpflation down to normal levels. All with massive Fed rate increases that he did not once cry about. Great job Joe! Here's a link. https://www.reuters.com/markets/us/us-job-growth-beats-expectations-december-wages-rise-solidly-2024-01-05/ Share this post Link to post Share on other sites
thegeneral 2,455 Posted January 5 8 minutes ago, weepaws said: 12 dollars for one gallon of gas, one gallon of milk, and one carton of eggs, horrible job government. A fellow appreciator of good eggs and milk I see. Well done. Treat yourself! Share this post Link to post Share on other sites
thegeneral 2,455 Posted January 5 6 minutes ago, RLLD said: Perhaps. Trump has his share of internal staff strife as I recall, though I am not acutely aware of it hitting Obama or his predecessors. I think it rare for WH staff to do what they did to him, that took balls. It’s pretty unusual for a Prez to act openly like a betch as much as Trump does. I guess that is part of his “charm” to many. Share this post Link to post Share on other sites
Pimpadeaux 2,403 Posted January 5 25 minutes ago, The Real timschochet said: Biden has done nothing to add these jobs. The economy continues to rebound from the Covid years but not because of anything Biden did or didn’t do. Presidents have very little power to create either short term prosperity or short term economic woes. This constant giving Biden credit or blaming him is lazy, dumb thinking IMO. Long term effects are different and here a President’s actions are far more palpable. We are only beginning to suffer from Donald Trump’s disastrous tariffs and rejection of the Trans Pacific Partnership the results will be bad for years to come no matter what Biden does; unfortunately Biden has done little to lift these tariffs which makes the situation even worse. While post-COVID recovery certainly has had a major economic impact, Biden's focus on the middle class has had a stout impact as well. While Reagan focused on the trickle-down philosophy, Biden has focused on growing the economy from the inside out through the middle class. Bidenomics faced much skepticism in the beginning, but it seems to be working. https://www.nerdwallet.com/article/finance/bidenomics-explained Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 3 minutes ago, thegeneral said: It’s pretty unusual for a Prez to act openly like a betch as much as Trump does. I guess that is part of his “charm” to many. Not sure I follow how the two are related..... Share this post Link to post Share on other sites
Pimpadeaux 2,403 Posted January 5 4 minutes ago, thegeneral said: A fellow appreciator of good eggs and milk I see. Well done. Treat yourself! Who the hell is paying $12 for any of that? I paid like $2.35 a gallon for gas the other day. He's just MAGAturd catastrophizing of the highest order. Inflation has been dimished. Prices are coming down. Job growth is humming along. Wages are higher. Unemployment is rock bottom. The stock market is hitting record levels. 401Ks are surging. Sure, immigration is a huge problem, but MAGAturds ignore the positives and focus on whatever they can find to fuel their BDS, offering no solutions in the process. Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 Just now, Pimpadeaux said: Who the hell is paying $12 for any of that? I paid like $2.35 a gallon for gas the other day. He's just MAGAturd catastrophizing of the highest order. Inflation has been dimished. Prices are coming down. Job growth is humming along. Wages are higher. Unemployment is rock bottom. The stock market is hitting record levels. 401Ks are surging. Sure, immigration is a huge problem, but MAGAturds ignore the positives and focus on whatever they can find to fuel their BDS, offering no solutions in the process. Would you consider....putting this on a billboard somewhere? I think people really need to hear this. Share this post Link to post Share on other sites
thegeneral 2,455 Posted January 5 2 minutes ago, Pimpadeaux said: Who the hell is paying $12 for any of that? I paid like $2.35 a gallon for gas the other day. He's just MAGAturd catastrophizing of the highest order. Inflation has been dimished. Prices are coming down. Job growth is humming along. Wages are higher. Unemployment is rock bottom. The stock market is hitting record levels. 401Ks are surging. Sure, immigration is a huge problem, but MAGAturds ignore the positives and focus on whatever they can find to fuel their BDS, offering no solutions in the process. I think Weepaws says all politicians are scum but I’ll let him speak to that. I don’t buy gas but eggs and milk can both cost a bit. If you go cheapest available should def be like 5 bucks for both those. Share this post Link to post Share on other sites
TheNewGirl 1,183 Posted January 5 1 minute ago, Pimpadeaux said: Who the hell is paying $12 for any of that? I paid like $2.35 a gallon for gas the other day. You don't live in a blue state. 1 gallon of store brand 1% milk - $4.18 18 cage free (because that's all they have) store brand eggs - $6.07 4 sticks butter - $6.28 1 gallon of gas at the gas station less than a mile from my house - $4.29 Share this post Link to post Share on other sites
HellToupee 1,242 Posted January 5 1 hour ago, Raven Fan said: Economy adds 216k jobs in December. gotta love those part time jobs Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 Just now, TheNewGirl said: You don't live in a blue state. 1 gallon of store brand 1% milk - $4.18 18 cage free (because that's all they have) store brand eggs - $6.07 4 sticks butter - $6.28 1 gallon of gas at the gas station less than a mile from my house - $4.29 I am considering how much it might cost to rent a billboard in urban areas to post everything the WH tries to trot out on the economy. I can think of few better ways to ensure they do not vote Democrat. Share this post Link to post Share on other sites
thegeneral 2,455 Posted January 5 10 minutes ago, RLLD said: Not sure I follow how the two are related..... I misread your post. I thought you were talking about ex-staff of former Prez’s and expressing their displeasure. Share this post Link to post Share on other sites
TheNewGirl 1,183 Posted January 5 1 minute ago, RLLD said: I am considering how much it might cost to rent a billboard in urban areas to post everything the WH tries to trot out on the economy. I can think of few better ways to ensure they do not vote Democrat. Even Costco gas, which is allegedly cheaper is $4.09 here in my city. Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 1 minute ago, thegeneral said: I misread your post. I thought you were talking about ex-staff of former Prez’s and expressing their displeasure. Ohhh, yeah, that makes sense. No, in this instance I am pointing to the way the staff are speaking out about Biden. I think that is rare. Share this post Link to post Share on other sites
RLLD 3,919 Posted January 5 1 minute ago, TheNewGirl said: Even Costco gas, which is allegedly cheaper is $4.09 here in my city. The gaslighting of people is absolutely having an impact, we can see it in the polling. They may have been willing to digest it in the past, but at this time the people have been living with Biden-fomented torment for years.....and telling them to suck it up because everything is great, might be the best gift he can give any opponent he might face. Share this post Link to post Share on other sites
