Author Topic: Political Economics  (Read 825012 times)

Body-by-Guinness

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Birds of a Feather
« Reply #2450 on: May 06, 2024, 10:34:39 AM »
Who is funding all the pro-Hamas college protests etc? The same people funding Biden....

https://www.politico.com/news/2024/05/05/pro-palestinian-protests-columbia-university-funding-donors-00156135

DougMacG

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Re: Political Economics, Bidenflation
« Reply #2451 on: May 06, 2024, 08:16:41 PM »
Average car payment is now $744 per month according to Kelley Blue book, reported by Steve Moore, CTUP newsletter.

This is way up because of  high interest rates and escalating car prices.

But it's good news to the true left because they don't want people to have cars anyway.

How much money does it take to be rich anymore?  The term millionaire doesn't mean Thurston Howell anymore. More like it means you better postpone retirement because that isn't going to be enough.


DougMacG

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Political Economics, Lowest confidence ever
« Reply #2452 on: May 07, 2024, 08:24:40 AM »
Confidence in a president running for reelection to fix the economy is the lowest under Biden since Gallup first tracked the metric, according to the pollster.

https://www.washingtonexaminer.com/news/washington-secrets/2992228/historically-low-confidence-biden-fed-economy/

ccp

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Re: Political Economics
« Reply #2453 on: May 07, 2024, 09:58:15 AM »
with numbers like that the election should be a blowout

I remember when Reagan ran against Carter the election did not seem assured beforehand.

But of course, Trump is no Reagan.

DougMacG

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Political Economics, Inflation was 9%
« Reply #2454 on: May 11, 2024, 06:48:01 AM »
President Joe Biden this week:

“I mean, no president’s had the run we have had, in terms of creating jobs and bringing down inflation. It was 9% when I came to office, 9%.”


If this thread was about Joe Biden I would note that when he lies he like to repeat himself for emphasis.  See his first VP debate with Sarah Palin.

Democrats have been lying about the consequences of their policies since long before slow Joe lost his marbles.

We did have 9% inflation recently but it wasn't when this transitory President came to office, it was after markets saw his policies.  It was after multiple multi-trillion dollar boondoggles from Washington squeezed out the private sector and reckless regulations squeezed out whatever the spending missed.

"The month Biden took office, inflation was 1.4%. Eighteen months later it topped 9%. Now it’s 3.5% and rising again."
https://issuesinsights.com/2024/05/10/is-this-bidens-supermarket-scanner-moment/
-------------------------
Let me get this straight.  The reason a Democrat voter including Joe Biden should vote Democrat is because they brought the inflation rate down.  When you find out that is false and just the opposite was true, he more than tripled or quadrupled the cumulative rate of inflation in his time in office as a result of his policies, shouldn't you vote the opposite?

And if you don't use logic to make vote, why are you pretending to use it to make your argument?
« Last Edit: May 11, 2024, 07:28:52 AM by DougMacG »

Body-by-Guinness

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Restaurant Apocalypse
« Reply #2455 on: May 14, 2024, 08:49:48 AM »

DougMacG

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Political Economics, Trump China Tariffs Punish US Consumers
« Reply #2456 on: May 15, 2024, 06:12:24 AM »
but our sh*t doesn't stink.

https://web.archive.org/web/20240427033735/https://www.nytimes.com/2021/07/16/us/politics/yellen-us-china-trade.html

"Yellen Says China Trade Deal Has ‘Hurt American Consumers’ "
That was then.
--------------

But Biden's tariffs are "targeted".  They will do amazing good and you won't feel a thing, said the lady who brought us the worst inflation since Jimmy Carter.

https://www.pbs.org/newshour/show/treasury-secretary-yellen-on-why-biden-is-targeting-chinese-manufacturing-with-new-tariffs

Again, the lying 'tell' is the lips moving.

It might be a good policy. It might be a bad policy. But don't tell us a major tax doesn't have a cost to it.

They sold us slow Joe as a "moderate" compromise candidate. They told us Merrick Garland would be a moderate independent voice on the Supreme Court. And what a coup it was to get a chairwoman of the independent Federal Reserve to serve in the executive branch.

Why can't they just be honest and tell us they've chosen political hacks for these positions?

They say Trump only chooses "loyalists".  What do they call these appointees who check their morals, ethics and common sense at the door when they come in?
« Last Edit: May 15, 2024, 06:21:26 AM by DougMacG »

Body-by-Guinness

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CPI Manipulation
« Reply #2457 on: May 15, 2024, 09:04:01 AM »
Biden Admin removers coffee--which has shot up significantly in cost--from the consumer price index. Guess that's one way to "control inflation...."

https://x.com/shipwreckedcrew/status/1790733260005499383

DougMacG

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Re: Political Economics
« Reply #2458 on: May 20, 2024, 06:58:29 PM »


https://www.powerlineblog.com/ed-assets/2024/05/Screenshot_2024-05-19_182649.png

I wish the graph would post.

Change in household net worth under Trump, and under Biden. 

Chart 1, nominal gains, they look pretty similar, nice gains. 

Chart 2, after inflation, good gains under Trump.  Zero under Biden.

Four wasted years.
« Last Edit: May 20, 2024, 07:02:55 PM by DougMacG »

Body-by-Guinness

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Re: Political Economics
« Reply #2459 on: May 21, 2024, 06:02:23 AM »


https://www.powerlineblog.com/ed-assets/2024/05/Screenshot_2024-05-19_182649.png

I wish the graph would post.

Change in household net worth under Trump, and under Biden. 

Chart 1, nominal gains, they look pretty similar, nice gains. 

Chart 2, after inflation, good gains under Trump.  Zero under Biden.

Four wasted years.

Whoa, that's a telling graph! Tee shirt material, IMO, and I nominate Paul Krugman to recieve this tattoo across his chest, backwards, so he can view it in the mirror every morning.

DougMacG

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Re: Political Economics
« Reply #2460 on: Today at 07:42:25 AM »
Cherrypicking economic results to show that Dem policies don't work is kind of easy these last 4 years.  Today's sampling:

Federal Reserve Report:  65% report they are worse off last year due to inflation.  (The other 35% don't know it?)
https://www.federalreserve.gov/publications/files/2023-report-economic-well-being-us-households-202405.pdf

CBS:  New College Grads face cooling job market
https://www.cbsnews.com/news/jobs-hiring-college-grads-class-of-2024/

WSJ:  Parents getting hit hard with inflation
https://www.wsj.com/economy/consumers/americans-hit-by-inflation-are-feeling-worse-financially-especially-parents-ab383606

USAToday:  Largest rent increases are in swing states
https://www.usatoday.com/story/news/politics/elections/2024/05/21/rents-prices-swing-states-voters-disenchanted/72794026007/

Trump:  'I'm embarrassed to only be leading this guy by a few points.'
« Last Edit: Today at 07:45:42 AM by DougMacG »