View Full Version : Dare I say the USA is improving?
Doomsday Dallas
08-10-2022, 10:24 PM
I have a newfound optimism... and surprisingly, I think it's going to last for another 6 months.
You know deep down in your conservative heart everything will magically improve by mid-October. Things will get a lot better across the board before midterms.
And a few months after the masses are seduced into punching their ticket for the Blue Party in November... it will all go back to $hit.
So half a year? a full year? I'll take it and enjoy it while I can.
I honestly believe come Summer of 23'... we will begin to see signs of country becoming unstable... fear & uncertainty will come creeping back.
I always felt like something big was going to happen before Trump left office.... And once again, I have that same exact feeling with Biden.
But admittedly, signs do in fact point to a solid recovery over the next 6 months, Things could really boom here in the next 2 (oil down, stocks up, employment solid, house prices down, etc. etc) This is good news to enjoy regardless of the midterm election results... which will undoubtedly be a Democratic Victory.
At least for a short while, we will regain a sense of optimism,.... Haven't felt good about much since Covid hit the scene.... So I'll take this very brief euphoric feeling of optimism for what it's worth... and be thankful.
oldtimer28
08-11-2022, 07:45 AM
I have a newfound optimism... and surprisingly, I think it's going to last for another 6 months.
You know deep down in your conservative heart everything will magically improve by mid-October. Things will get a lot better across the board before midterms.
And a few months after the masses are seduced into punching their ticket for the Blue Party in November... it will all go back to $hit.
So half a year? a full year? I'll take it and enjoy it while I can.
I honestly believe come Summer of 23'... we will begin to see signs of country becoming unstable... fear & uncertainty will come creeping back.
I always felt like something big was going to happen before Trump left office.... And once again, I have that same exact feeling with Biden.
But admittedly, signs do in fact point to a solid recovery over the next 6 months, Things could really boom here in the next 2 (oil down, stocks up, employment solid, house prices down, etc. etc) This is good news to enjoy regardless of the midterm election results... which will undoubtedly be a Democratic Victory.
At least for a short while, we will regain a sense of optimism,.... Haven't felt good about much since Covid hit the scene.... So I'll take this very brief euphoric feeling of optimism for what it's worth... and be thankful.
How could anyone sane vote against the U.S? A vote for blue is really a vote for China increasing its strength over the U.S. Nothing can undo the damage already inflicted but best not to add more harm.
Off the Court
08-11-2022, 10:25 AM
Everything is improving and yes the best part is that there doesn't seem to be anything in the immediate future to suggest it will stop improving. Inflation is retreating, job numbers are at a 50 year high, stock market is recovering, businesses reporting healthy numbers, supply chain easing, recession averted.
It will take a new catastrophe to put a damper on this because the previous issues all look to be in the rear view now.
So Americans can all relax and get back to doing what we do best. Arguing about the really important topics like Aunt Jemima, Dr. Seuss, and trans people in female sports.
Patrick Chewing
08-11-2022, 10:57 AM
Everything is improving and yes the best part is that there doesn't seem to be anything in the immediate future to suggest it will stop improving. Inflation is retreating, job numbers are at a 50 year high, stock market is recovering, businesses reporting healthy numbers, supply chain easing, recession averted.
:roll:
Doomsday Dallas
08-11-2022, 11:05 AM
Stocks are having another good morning.
Yesterday was great, and so far today is looking good so far.
Off the Court
08-11-2022, 11:18 AM
https://pbs.twimg.com/media/FTTM1dOXsAEpXeh.jpg
:oldlol:
Patrick Chewing
08-11-2022, 11:25 AM
:oldlol:
It's funny you post that, MaxFly. Cause that's literally every one of your posts that tries to make a positive out of the absolute disaster we are in financially.
SATAN
08-11-2022, 11:36 AM
It's funny you post that, MaxFly. Cause that's literally every one of your posts that tries to make a positive out of the absolute disaster I am in financially.
ftfy
Patrick Chewing
08-11-2022, 11:56 AM
ftfy
Just cause Mommy and Daddy support you doesn't mean this doesn't apply to you too, dumbass.
SATAN
08-11-2022, 04:42 PM
I have no debt. It's good.
Doomsday Dallas
08-11-2022, 11:15 PM
and so far today is looking good so far.
note to self: always proofread your $hit before you send.
smh.
Nanners
08-12-2022, 01:25 AM
I am optimistic about the future of the USA and humanity overall, but our economy is still horribly broken. Consumer debt has been absolutely skyrocketing this summer, wages are stagnant (the average american effectively got a ~4-5k paycut last year thanks to inflation), the housing market is broken in most major cities as well as states like Florida and Idaho where people can escape from woke public school systems and tyrannical health officials... IMO the only reason we havent had a catastrophic economic collapse yet is because over the past few years the economy has been propped up by the trillions of new dollars the fed has been printing (the big banks especially - look at the overnight repo markets for the past few years), but this is only prolonging the inevitable.
Doomsday Dallas
08-16-2022, 05:11 PM
Dow up 1,000 points since I made this thread. Oil down to $87.00
Like I said... things have to get noticeably better right before midterm elections.
It would just make too much sense.
Damn, it's as if poopsie has period itt. :biggums:
:lol
Lakers Legend#32
08-16-2022, 08:08 PM
This is a BFD.
Biden signed the Inflation Reduction Act into law.
Lowers Rx drug prices.
Makes large corporations pay more of their fair share of taxes.
Creates millions of clean energy jobs.
Makes the biggest investment in climate actions in history.
Even MAGAs benefit from this but they are too stupid to realize it.
Off the Court
08-17-2022, 01:32 PM
Egg Prices Are Falling Fast in Relief for US Consumers (https://www.bloomberg.com/news/articles/2022-08-15/egg-prices-are-falling-fast-in-relief-for-us-consumers?utm_content=business&cmpid=socialflow-twitter-business&utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic#xj4y7vzkg)
where pakrat at? :oldlol:
KNOW1EDGE
08-19-2022, 09:15 PM
I dare you to say it.
It won’t be true, but I dare you to say it
Jasper
08-20-2022, 10:52 AM
How could anyone sane vote against the U.S? A vote for blue is really a vote for China increasing its strength over the U.S. Nothing can undo the damage already inflicted but best not to add more harm.
and a vote for RED is Russia.
well done
Has anyone seen dearest paksat lately?
Egg Prices Are Falling Fast in Relief for US Consumers (https://www.bloomberg.com/news/articles/2022-08-15/egg-prices-are-falling-fast-in-relief-for-us-consumers?utm_content=business&cmpid=socialflow-twitter-business&utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic#xj4y7vzkg)
where pakrat at? :oldlol:
:roll:
Doomsday Dallas
08-20-2022, 10:11 PM
Things are about to get really good.
Full Democratic takeover come November.
and then... once the takeover is complete... Kiss the country goodbye.
https://ichef.bbci.co.uk/news/640/cpsprodpb/E8F4/production/_124763695_us_midterms_both_-2x-nc.png
bladefd
08-21-2022, 12:59 PM
House is probably going Republican so I would watch out for the senate
Lakers Legend#32
08-21-2022, 05:22 PM
Under Biden:
Lower drug costs
Tax credits
Infrastructure upgrades
Broadband
Climate Change investments
Infrastructure upgrades
Drought response
Clean energy
Health insurance subsidies
Corporate tax
Clean water
Jobs
Lowest unemployment in history
Inflation Reduction Build Back Better
Something to benefit every MAGA.
Under Republicans:
Let's Go Brandon
Doomsday Dallas
08-21-2022, 07:42 PM
Under Biden:
Lower drug costs
Tax credits
Infrastructure upgrades
Broadband
Climate Change investments
Infrastructure upgrades
Drought response
Clean energy
Health insurance subsidies
Corporate tax
Clean water
Jobs
Lowest unemployment in history
Inflation Reduction Build Back Better
Something to benefit every MAGA.
Under Republicans:
Let's Go Brandon
https://c.tenor.com/0moEwsoYZfsAAAAM/lmao-crying-laughing.gif
Lakers Legend#32
08-23-2022, 02:19 AM
National gas prices on average have gone down for the 69th straight day in a row.
America is improving.
MAGAS are devastated.
bladefd
08-23-2022, 11:40 AM
National gas prices on average have gone down for the 69th straight day in a row.
America is improving.
MAGAS are devastated.
Best part is pakrat is nowhere to be found. He has gone into hiding as the costs come down.
Patrick Chewing
08-23-2022, 01:51 PM
Best part is pakrat is nowhere to be found. He has gone into hiding as the costs come down.
It's funny how you clowns love to take credit for gas prices going down, but you don't when they went up to over $5 for the national average. "That's cause of Putin's war! Putin's price hike!" :oldlol:
I'll clue you simps in on the real reason gas prices are going down. It's because WE THE PEOPLE decided to drive less causing oil production to slow down.
Nanners
08-23-2022, 01:54 PM
Gas is still almost twice as expensive as it was when Biden took office and yet dems are patting themselves on the back for bringing down prices :roll:
BigKobeFan
08-23-2022, 01:59 PM
Gas is still almost twice as expensive as it was when Biden took office and yet dems are patting themselves on the back for bringing down prices :roll:
goes up $4.00. putin and trumps fault. Presidents have no control over prices
goes down $0.60. All biden's actions.
bladefd
08-23-2022, 06:53 PM
It's funny how you clowns love to take credit for gas prices going down, but you don't when they went up to over $5 for the national average. "That's cause of Putin's war! Putin's price hike!" :oldlol:
I'll clue you simps in on the real reason gas prices are going down. It's because WE THE PEOPLE decided to drive less causing oil production to slow down.
So now supply vs demand suddenly matters? Where were you jokers when demand was vastly outbalancing supply? Oh right, you were too busy crying nonstop about high prices. Now that prices are coming down, demand suddenly matters :facepalm
Jasper
08-25-2022, 10:19 AM
average cost of food has risen to 10%
Lakers Legend#32
08-25-2022, 03:54 PM
goes up $4.00. putin and trumps fault. Presidents have no control over prices
goes down $0.60. All biden's actions.
Hey dips!ts, the title of this thread was Dare I Say the USA is improving. Gas prices is an indication of that.
You made it about Biden because you know anything less that economic Armageddon is bad for you guys.
Off the Court
09-01-2022, 12:05 PM
Jobless claims tumble to nine-week low of 232,000. U.S. layoffs still historically low. (https://www.marketwatch.com/story/jobless-claims-tumbled-to-nine-week-low-of-232-000-layoffs-still-historically-low-11662035886)
“Demand for labor remains quite strong,” said money market economist Thomas Simons of Jefferies LLC. “The labor market remains very tight, and the claims data do not show any shifts in momentum.”
Just when you thought it was impossible for unemployment to get any lower.
diamenz
09-01-2022, 02:41 PM
even if things get better for the dems, who the f*** are they gonna run in 24?
bladefd
09-01-2022, 02:47 PM
even if things get better for the dems, who the f*** are they gonna run in 24?
That is what I have been wondering. Democrats have to figure it out and fast by next summer.
Lakers Legend#32
09-01-2022, 03:46 PM
Gas prices have fallen for 79 days in a row.
USA improving is a death knell for Repubicans.
bladefd
09-01-2022, 07:28 PM
Gas prices have fallen for 79 days in a row.
USA improving is a death knell for Repubicans.
Notice the number of BDS posts and threads has significantly dropped lately. There is not much doom & gloom for the crazies to rage over.
Doomsday Dallas
09-01-2022, 07:43 PM
Notice the number of BDS posts and threads has significantly dropped lately. There is not much doom & gloom for the crazies to rage over.
other than the fact that stocks are dropping again...
and Biden is literally waging war on "MAGA"
other than that.... nothing to see.
https://i.imgflip.com/5wkbd4.jpg
JohnnySic
09-01-2022, 08:13 PM
Its been a fairly quiet couple of weeks, but its only a matter of time before the Dems move on to their next abomination. Its what they do.
Lakers Legend#32
09-01-2022, 11:41 PM
Notice the number of BDS posts and threads has significantly dropped lately. There is not much doom & gloom for the crazies to rage over.
I think Sarah Palin's defeat has hit them the hardest.
If Republicans can't win in Republican states like Alaska and Kansas, it's all over.
Hey Yo
09-02-2022, 11:55 AM
Gas prices have fallen for 79 days in a row.
Lies
Patrick Chewing
09-02-2022, 12:13 PM
Notice the number of BDS posts and threads has significantly dropped lately. There is not much doom & gloom for the crazies to rage over.
The fact that gas went up to over $5 a gallon in most places is already a loss for your side. You think voters will forget about that come election time?? :oldlol:
bladefd
09-02-2022, 12:46 PM
The fact that gas went up to over $5 a gallon in most places is already a loss for your side. You think voters will forget about that come election time?? :oldlol:
They are forgetting as the prices continue to drop. Anyone with half a brain knows the issue had nothing to do with who was in the White House.
Patrick Chewing
09-02-2022, 12:53 PM
They are forgetting as the prices continue to drop. Anyone with half a brain knows the issue had nothing to do with who was in the White House.
Were we not an exporter of crude oil under Trump? And where do we stand now under Biden?
And what about Inflation? And gas is still over $4 a gallon nationwide.
bladefd
09-02-2022, 12:57 PM
Were we not an exporter of crude oil under Trump? And where do we stand now under Biden?
And what about Inflation? And gas is still over $4 a gallon nationwide.
We still export plenty of oil. By we, I mean oil companies making record profits.
Inflation will come down. The feds are continuing to raise the interest rates each month to bring down inflation. 79 days straight of dropping oil prices. Give it 79 days more as it keeps dropping.
Lakers Legend#32
09-02-2022, 03:50 PM
Poopsie crying:
"Damnit I want my recession!"
LOL - the Dow dropped 2000 points since this thread was made.
JohnnySic
09-03-2022, 01:07 PM
Oil is going to make one more high before the real decline begins.
Feds raising interest rates means nothing except further erosion of the stock market as long as the government KEEPS SPENDING MONEY. And Biden can say all he wants about whatever he's giving away costing NOTHING. Not only $10k but $20k to Pell Granters and extending pause on payments through the end of the year all cost tax payers money. Too much money chasing too few goods.
LOL - the Dow dropped 2000 points since this thread was made.
Curse you Dooms! :rant
bladefd
09-03-2022, 07:15 PM
Feds raising interest rates means nothing except further erosion of the stock market as long as the government KEEPS SPENDING MONEY. And Biden can say all he wants about whatever he's giving away costing NOTHING. Not only $10k but $20k to Pell Granters and extending pause on payments through the end of the year all cost tax payers money. Too much money chasing too few goods.
Feds raising interest rates and reducing the balance sheet are the best ways to bring down inflation. I don't expect another shutdown or PPP loan giveaway or payment to the American people happening again. The supply chain shortage is mending. Inflation will reverse soon.
SATAN
09-03-2022, 10:15 PM
Poopsie crying:
"Damnit I want my recession!"
:oldlol:
Chick Stern
09-05-2022, 02:25 PM
Feds raising interest rates means nothing except further erosion of the stock market as long as the government KEEPS SPENDING MONEY. And Biden can say all he wants about whatever he's giving away costing NOTHING. Not only $10k but $20k to Pell Granters and extending pause on payments through the end of the year all cost tax payers money. Too much money chasing too few goods.
and yet, you had nothing to say when Trump and the Con Congress gave a GIANT tax gift to Corporations, who took the money and ran without creating jobs. It also massively ballooned the deficit.
Doomsday Dallas
09-05-2022, 11:27 PM
Curse you Dooms! :rant
Maybe they feel like things are good enough as they are with the votes they need.
Biden simply declaring war on MAGA Republicans might be good enough for the Dems and midterm elections.
Got 2 more months... maybe we will start to see a slight rebound heading into October.
Gohan
09-06-2022, 12:25 PM
Poopsie crying:
"Damnit I want my recession!"
:roll:
Lol im glad it has gotten better but i came upon big time money around the time the prices start lowering
and yet, you had nothing to say when Trump and the Con Congress gave a GIANT tax gift to Corporations, who took the money and ran without creating jobs. It also massively ballooned the deficit.
Are you totally ignoring the different set of circumstances now compared to then? Was inflation running at 8-9% then? Were we in a recession? Was gas $3.78 a gallon? We are dealing with runaway inflation (I just paid over $30k for a 2020 Toyota Camry) and the correct course of action for governement to curb inflation is to stop the SPENDING and raise interest rates.
bladefd
09-09-2022, 12:35 PM
Are you totally ignoring the different set of circumstances now compared to then? Was inflation running at 8-9% then? Were we in a recession? Was gas $3.78 a gallon? We are dealing with runaway inflation (I just paid over $30k for a 2020 Toyota Camry) and the correct course of action for governement to curb inflation is to stop the SPENDING and raise interest rates.
We still had a pretty huge deficit back then. They just added to the deficit.
What jobs did those businesses create when they took the massive tax cuts & ran with it? Even the inflation was low back then in 2018 - they had plenty of time, money, and opportunity to re-invest into their own business and create more jobs and/or trickle down the savings to their employees. Why didn't most of them??
SATAN
09-09-2022, 12:39 PM
It's going to get worse.
Doomsday Dallas
09-14-2022, 08:28 PM
https://y.yarn.co/b9671335-8d9c-4ace-a725-f6e0b0e474de_text.gif
Doomsday Dallas
09-14-2022, 10:34 PM
I have a newfound optimism... and surprisingly, I think it's going to last for another 6 months.
Yea... I tried to be optimistic... tried my absolute hardest. That lasted about a month.
It's never going to get any better... (maybe for you, reading this, things aren't so bad... but that's definitely not the case for me.)
I'm completely f*cked financially.... It has just become too expensive to live.
I don't even believe in the concept of "living" anymore... I understand surviving, but not living.
Good luck out there everyone... a lot of you married homeowners that aren't getting priced out, living on 2 incomes probably aren't even feeling the $ hurt yet.
property taxes, utilities, have gone up... and your 401k probably took a small hit... but it's all evening out because your house value increased a solid $150k, and living on 2 incomes keeps it all manageable... no need to panic in your world.
but if your single... pay rent... you're probably in the same economic fight I am.
What's the solution? Make more money and spend less. Is that Living? .... No, that's surviving.
https://i.ytimg.com/vi/GCLcDCSUTpQ/maxresdefault.jpg
f*ck it... I'll live in an Elon Musk Trailer at this point... I don't give a f*ck.
The Rent is too high where I'm at.
Nanners
09-15-2022, 04:45 AM
Between the looming energy crisis in Europe and the looming railroad strike in the US... the economic/political situation of the west is not exactly looking good for this upcoming winter
Off the Court
09-15-2022, 12:32 PM
U.S. retail sales unexpectedly rise in August; weekly jobless claims fall (https://www.reuters.com/markets/us/us-retail-sales-increase-august-weekly-jobless-claims-fall-2022-09-15/)
It just won't stop :applause:
SATAN
09-15-2022, 01:28 PM
It's going to get worse.
bladefd
09-15-2022, 01:41 PM
Railroad strike seems to be off because the unions have agreed to a deal that avoids a strike. Nightmare for the Republican party, which was badly hoping for a major strike and hell in America.
SATAN
09-15-2022, 01:43 PM
It's literally going to get worse.
Doomsday Dallas
09-16-2022, 11:19 AM
It's literally going to get worse.
No, it just keeps getting better & better
Lakers Legend#32
09-16-2022, 04:11 PM
All indications are the economic life of the US is getting better under Biden.
Inflation is hardly mentioned.
Gas prices have fallen for 90+ days.
Yet MAGATS will still vote Republican.
Just because the Little Mermaid is black.
SATAN
09-16-2022, 10:57 PM
Gas prices have fallen for 90+ days.
Why?...
I think you guys are being overly optimistic and not thinking this through properly.
Railroad strike seems to be off because the unions have agreed to a deal that avoids a strike. Nightmare for the Republican party, which was badly hoping for a major strike and hell in America.
So you don't think that workers getting an immediate 14% raise (24% in the next 5 years) and annual bonuses of $5000 will raise the cost of transportation and thereby increase inflation? Spiraling inflation - prices go up, wages go up (for SOME - I'm certainly not getting 14/24% pay raises), prices go up even further.
https://www.cbsnews.com/news/freight-rail-strike-biden-announces-agreement-to-avert-railway-strike/
bladefd
09-17-2022, 08:01 PM
So you don't think that workers getting an immediate 14% raise (24% in the next 5 years) and annual bonuses of $5000 will raise the cost of transportation and thereby increase inflation? Spiraling inflation - prices go up, wages go up (for SOME - I'm certainly not getting 14/24% pay raises), prices go up even further.
https://www.cbsnews.com/news/freight-rail-strike-biden-announces-agreement-to-avert-railway-strike/
Yes, you are correct about that raise. I wasn't aware of the clauses of the deal. I would be curious how much extra it would cost overall per year.
It also says a strike would have cost $2 billion a day so I don't know if it would have made sense to play hardball.
What would you have done? Negotiate or play hardball?
Nanners
09-18-2022, 04:53 AM
So you don't think that workers getting an immediate 14% raise (24% in the next 5 years) and annual bonuses of $5000 will raise the cost of transportation and thereby increase inflation? Spiraling inflation - prices go up, wages go up (for SOME - I'm certainly not getting 14/24% pay raises), prices go up even further.
https://www.cbsnews.com/news/freight-rail-strike-biden-announces-agreement-to-avert-railway-strike/
It shouldnt really raise costs at all. Modern freight trains can be operated by a total of 2 or 3 workers, and these trains are capable of carrying about ~50-70 tons of cargo per boxcar, and the average train is pulling dozens if not over a hundred cars... so thats like ~6000 tons for a train of 100 avg boxcars, which is like ~2000 tons of freight per worker. If the avg train is moving ~2k tons per employee, that means a 5k bonus would raise the cost of shipping by $2.5 per ton, which is an increase of 1/10th of a cent per pound.
It shouldnt really raise costs at all. Modern freight trains can be operated by a total of 2 or 3 workers, and these trains are capable of carrying about ~50-70 tons of cargo per boxcar, and the average train is pulling dozens if not over a hundred cars... so thats like ~6000 tons for a train of 100 avg boxcars, which is like ~2000 tons of freight per worker. If the avg train is moving ~2k tons per employee, that means a 5k bonus would raise the cost of shipping by $2.5 per ton, which is an increase of 1/10th of a cent per pound.
"and keep their health care copays and deductibles unchanged.
Significantly, all workers will get an extra paid day off and have the ability to take time off for medical reasons, one of the key demands the unions made over the course of negotiations." *
Maybe you should re-do your calculation for the 14/24% increase in addition to $5k ANNUAL bonuses.
"Total annual compensation for Class I freight rail employees covered in the new round of national bargaining averaged approximately $130,000 in 2021, including pay and benefits — much higher than most U.S. industries." **
Don't know what to say if you think such increases in labor costs are not going to significantly affect any business.
* https://www.cbsnews.com/news/freight-rail-strike-biden-announces-agreement-to-avert-railway-strike/
** https://raillaborfacts.org/total-compensation/
Yes, you are correct about that raise. I wasn't aware of the clauses of the deal. I would be curious how much extra it would cost overall per year.
It also says a strike would have cost $2 billion a day so I don't know if it would have made sense to play hardball.
What would you have done? Negotiate or play hardball?
You and I both know that Biden had no choice but to agree to whatever they want - he can't afford to have a strike so close to the midterms.
My point is that Biden/Dems' insane (and continued) spending is what caused this inflation in the first place - giving this union reason to DEMAND and GET these raises/bonuses/etc. Let's see which other union follows suit.
Nanners
09-18-2022, 06:22 AM
"and keep their health care copays and deductibles unchanged.
Significantly, all workers will get an extra paid day off and have the ability to take time off for medical reasons, one of the key demands the unions made over the course of negotiations." *
Maybe you should re-do your calculation for the 14/24% increase in addition to $5k ANNUAL bonuses.
"Total annual compensation for Class I freight rail employees covered in the new round of national bargaining averaged approximately $130,000 in 2021, including pay and benefits — much higher than most U.S. industries." **
Don't know what to say if you think such increases in labor costs are not going to significantly affect any business.
* https://www.cbsnews.com/news/freight-rail-strike-biden-announces-agreement-to-avert-railway-strike/
** https://raillaborfacts.org/total-compensation/
If a 5k/yr bonus results in a 1/10th of a cent per pound increase in costs, then a 50k/yr bonus would mean the cost of shipping has increased by 1 cent per pound... and the sum total of their new contract is equal to much less than a 50k/yr raise... and keep in mind these numbers are only applicable for a train with 3 workers. Some trains have 2 workers and they want to move to trains with just 1 worker.
Anyway, its hard to believe that rail employees were unable to take time off for medical reasons prior to this deal being struck. Also, the rail workers have been without a contract for 3 years, so its not like this problem just recently sprang out of nothing.
All indications are the economic life of the US is getting better under Biden.
Inflation is hardly mentioned.
Gas prices have fallen for 90+ days.
Yet MAGATS will still vote Republican.
Just because the Little Mermaid is black.
Do you really think that things will get back to what most of us consider "normal" (as in aligned with our current salary). Do you really think wage increases (like railroad contract) can be unwound, that restaurants are going to lower the prices on their menus, that landlords are going to lower their rents? With student debt forgiveness and most covid relief yet to be used (have yet to take effect)? Imo, fat chance.
bladefd
09-18-2022, 11:20 AM
You and I both know that Biden had no choice but to agree to whatever they want - he can't afford to have a strike so close to the midterms.
My point is that Biden/Dems' insane (and continued) spending is what caused this inflation in the first place - giving this union reason to DEMAND and GET these raises/bonuses/etc. Let's see which other union follows suit.
There were other big reasons for inflation you are forgetting about.
Doomsday Dallas
09-23-2022, 11:45 AM
29,500
Getting better and better each passing week.
JohnnySic
09-23-2022, 05:57 PM
I have bad news, libtards. Your 401K is now a 301K. But at least there's no more mean tweets.
Doomsday Dallas
09-23-2022, 07:06 PM
I have bad news, libtards. Your 401K is now a 301K. But at least there's no more mean tweets.
I tend to forget that 90% of the folks that vote democrat don't even have a 401K...
most of them are only concerned with the price of gas... and since gas prices have gone back down, things are still improving in their eyes.
Bill Gates
09-23-2022, 07:40 PM
401ks only matter to the retired. And amazingly the stock market is still valued higher than precovid.
bladefd
09-23-2022, 07:42 PM
Everyone knew stocks would drop when interest rates went up. The borrowing power of companies goes down when that happens, which significantly damages growth companies. The problem with a stock sell-off right now is that the inflation is fairly high so staying in too much cash is losing money.
Also keep in mind that 70% of the stocks are owned by the rich. The poor and the middle-class and all of their 401ks fit within the remaining 30% slice. That pretty much guarantees the stock market will recover because the rich run this country.
I'm just holding what I have rather than selling low. The only high risk stocks I have right now are Paypal and square, which I regret buying on the dip. For those 2, the dip has become a valley. They are real killers... Apple, Microsoft, Google, and Amazon are keeping things afloat. Nvidia and AMD are a bit disappointing now after monstrous runs.
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