bidenomics - it just works.

[diamenz]

https://i.ibb.co/QQPLckq/1.jpg

[rawimpact]

Blocks Keystone which would have brought down the cost to refine gas making the US more competitive in its own production to compete against foreign goods... then cries about how gas prices are too high

Whatever though, keep raising my interest rates...

[Patrick Chewing]

It's working because Karine Jean-Pierre says it's working. You guys are just negative liars.

[Bill Gates]

The entire country believed we would be in the middle of recession right now, and no one thought inflation would be sub 5% before 2024. I'm not saying that Biden deserves any credit, the economy goes way beyond any sitting President. But all things considered we are doing much better than expected, and much better than every other 1st world nation out there.

[RRR3]

The entire country believed we would be in the middle of recession right now, and no one thought inflation would be sub 5% before 2024. I'm not saying that Biden deserves any credit, the economy goes way beyond any sitting President. But all things considered we are doing much better than expected, and much better than every other 1st world nation out there.
We’re only doing “well” if you go by GDP, income inequality is still a massive issue and tons of people are jobless and/or homeless. Biden needs to address that but he won’t.

[Patrick Chewing]

The entire country believed we would be in the middle of recession right now, and no one thought inflation would be sub 5% before 2024. I'm not saying that Biden deserves any credit, the economy goes way beyond any sitting President. But all things considered we are doing much better than expected, and much better than every other 1st world nation out there.

:facepalm

[Bill Gates]

We’re only doing “well” if you go by GDP, income inequality is still a massive issue and tons of people are jobless and/or homeless. Biden needs to address that but he won’t.

Jobless rates are at historic lows, and homeless rate is near it's normal levels. Perhaps these areas have always been bad, but they aren't any worse than what we usually see. Also the US has the highest standard of living on the planet. And you can't have my billions. It's mine. I earned it making your computer work.

[RRR3]

Jobless rates are at historic lows, and homeless rate is near its normal levels. Perhaps these areas have always been bad, but they aren't any worse than what we usually see. Also the US has the highest standard of living on the planet. And you can't have my billions. It's mine. I earned it making your computer work.
The Nordic countries have the highest standards of living actually.

[bladefd]

Blocks Keystone which would have brought down the cost to refine gas making the US more competitive in its own production to compete against foreign goods... then cries about how gas prices are too high

Whatever though, keep raising my interest rates...

Uhh, keystone would still be not complete until 2025. And private oil companies would reap the benefits (short of nationalizing private oil companies, there is no way to stop it).

[Patrick Chewing]

Uhh, keystone would still be not complete until 2025. And private oil companies would reap the benefits (short of nationalizing private oil companies, there is no way to stop it).

So you're saying that had Keystone continued, it would be ready in less than a year and half from now providing U.S. citizens the opportunity to have lower gas prices??


I mean, **** dude. Here we sit with nearly $4 a gallon national average, in September of 2023 with no relief in sight, and you're whining about 2025?? Do you even drive??

[Lakers Legend#32]

Do you even drive??

Poopsie says he lives in NYC. He does not even have a car.

[bladefd]

So you're saying that had Keystone continued, it would be ready in less than a year and half from now providing U.S. citizens the opportunity to have lower gas prices??


I mean, **** dude. Here we sit with nearly $4 a gallon national average, in September of 2023 with no relief in sight, and you're whining about 2025?? Do you even drive??

Nope. Oil companies will always price based on OPEC+ pricing model and never less, even for fellow Americans. Not unless if they are nationalized and taken over by the US government. I don't think you have any idea how companies do business.

[TeflonDonTrump]

Im glad this ecnomy is fooked. I have over $500,000 in tresury bonds that pays 8% interest and a house at 2.35% apr. My other 4 properties are paid off and i can just get renters every day any day

[SouBeachTalents]

It's working because Karine Jean-Pierre says it's working. You guys are just negative liars.
She's the first black AND gay WH press secretary, show some respect.

[highwhey]

Im glad this ecnomy is fooked. I have over $500,000 in tresury bonds that pays 8% interest and a house at 2.35% apr. My other 4 properties are paid off and i can just get renters every day any day

hey guys, did you hear? he has over 500k in treasury bonds paying 8% interest and a house at 2.35% apr with 4 other properties that are paid off and he can get renters everyday any day!

[Jasper]

Jobless rates are at historic lows, and homeless rate is near it's normal levels. Perhaps these areas have always been bad, but they aren't any worse than what we usually see. Also the US has the highest standard of living on the planet. And you can't have my billions. It's mine. I earned it making your computer work.

well said

[paksat]

The way democrats count statistics always cracks me up

From changing the definition of a recession to avoid owning up to it, to homelessness.

All these illegals pouring in that is going to cost NYC alone 13 billion dollars per year to support.. they must all have homes since the homeless rate is unchanged right?

[Off the Court]

The way democrats count statistics always cracks me up

From changing the definition of a recession to avoid owning up to it, to homelessness.

All these illegals pouring in that is going to cost NYC alone 13 billion dollars per year to support.. they must all have homes since the homeless rate is unchanged right?

Yes they do have homes, that is why it's costing NYC billions you nitwit :oldlol:

We aren't in a recession, not even close. You just wish were. You paying 10 cents more for an egg doesn't mean the Great Depression is here genius.

[Patrick Chewing]

Yes they do have homes, that is why it's costing NYC billions you nitwit :oldlol:

We aren't in a recession, not even close. You just wish were. You paying 10 cents more for an egg doesn't mean the Great Depression is here genius.

10 cents more for an egg he says. As if everything else besides eggs isn't up as well. Clown crap from OTC just so his side and his brand of politics doesn't look bad.

[rmt]

Yes they do have homes, that is why it's costing NYC billions you nitwit :oldlol:

We aren't in a recession, not even close. You just wish were. You paying 10 cents more for an egg doesn't mean the Great Depression is here genius.

You do realize that 10 cents more for an egg is a 71.25% increase? (2.86 - 1.67)/1.67 = .7125

Year Average Egg Prices by Year*
2021 $1.67
2022 $2.86

https://www.usinflationcalculator.com/inflation/egg-prices-adjusted-for-inflation/

[rmt]

Some of you would whitewash/sugarcoat what's going on and TRY to have me believe that my eyes are lying when I go to the supermarket and gas station - smh.

[Lakers Legend#32]

Poopsie's back on eggs.

[Baller234]

OTC thinks only the price of eggs went up.

Newsflash genius if eggs are up 40-70% so is everything else in the store. Your entire grocery bill is also up 40-70%.

What a effing moron.

[Off the Court]

OTC thinks only the price of eggs went up.

Newsflash genius if eggs are up 40-70% so is everything else in the store. Your entire grocery bill is also up 40-70%.

What a effing moron.

You believe that all grocery items adjust in unison?
:roll:

I used eggs because pakrat was obsessed with egg prices. Eggs were up at one point because of a bird flu of some sort killing chickens. And no it didn't mean every other item on the planet went up too :oldlol:

I buy groceries like everyone else, the difference between now and precovid can be seen to some degree but the difference between now and last year is non existent.

And guess what, there is no political party responsible for it.

[Patrick Chewing]

Poopsie's back on eggs.

Every American has a carton of eggs in their fridge.


Maybe you don't cause you're a broke Lib that spends his money on cat food and tissue paper.

[diamenz]

Every American has a carton of eggs in their fridge.


Maybe you don't cause you're a broke Lib that spends his money on cat food and tissue paper.

libs don't eat dairy because of their food sensitivities.

[Patrick Chewing]

You believe that all grocery items adjust in unison?
:roll:

I used eggs because pakrat was obsessed with egg prices. Eggs were up at one point because of a bird flu of some sort killing chickens. And no it didn't mean every other item on the planet went up too :oldlol:

I buy groceries like everyone else, the difference between now and precovid can be seen to some degree but the difference between now and last year is non existent.

And guess what, there is no political party responsible for it.

This is how diabolical narcissistic liars like OTC can get away with saying shit so it doesn't blow back on them. As one user said, this is sugarcoating a glaring fact that the cost of food and goods is astronomically up. "Can be seen to some degree"? :oldlol: What does that even mean to him I wonder. It's word salad to confuse the reader and make it seem as if the crisis is either non-existent, or barely there. Don't fall for his shit, people.

[Baller234]

You believe that all grocery items adjust in unison?
:roll:

I used eggs because pakrat was obsessed with egg prices. Eggs were up at one point because of a bird flu of some sort killing chickens. And no it didn't mean every other item on the planet went up too :oldlol:

I buy groceries like everyone else, the difference between now and precovid can be seen to some degree but the difference between now and last year is non existent.

And guess what, there is no political party responsible for it.

Wow, what a privileged take. As if the average household can just shrug off a 40-70% increase in their monthly grocery bills. This can be the difference of thousands of dollars over the course of the year, especially if you're shopping for an entire family.

Also, strop trying to deflect blame. Democrats and their sheep followers like you are responsible for this. You guys were the ones who wanted to the lock the country down indefinitely for over a year. You're the ones who wanted to shut down the economy.

Did you not think there were going to be consequences?

[bladefd]

Eggs was a horrendous example regardless from the moron partisan-hack paksat. Eggs not only were dealing with inflation but a massive bird flu too that ravaged the industry. It was a double whammy.

Oil is another such example. It's impacted by not just inflation but also OPEC pricing and war between Ukraine/Russia. It's a triple whammy.

If you are a partisan hack, you will cling tightly to eggs/oil and shout it every chance you get without understanding the intricacies/facts behind it.

[Off the Court]

This is how diabolical narcissistic liars like OTC can get away with saying shit so it doesn't blow back on them. As one user said, this is sugarcoating a glaring fact that the cost of food and goods is astronomically up. "Can be seen to some degree"? :oldlol: What does that even mean to him I wonder. It's word salad to confuse the reader and make it seem as if the crisis is either non-existent, or barely there. Don't fall for his shit, people.
https://restaurant.org/NRA/media/Research/Indicators/2021/Wholesale-Food-Prices-Monthly-August-2023.jpg


"Astronomical" :oldlol:

Your grocery bill went from like $200 to $220.

Here I'll give you some help in your tribal quest because you need it. If you want to complain about inflation you need to point at home and rent costs, because that makes up the vast majority of our inflation rate right now. Stop pretending like you can't afford to eat.

[Baller234]

https://restaurant.org/NRA/media/Research/Indicators/2021/Wholesale-Food-Prices-Monthly-August-2023.jpg


"Astronomical" :oldlol:

Your grocery bill went from like $200 to $220.

Here I'll give you some help in your tribal quest because you need it. If you want to complain about inflation you need to point at home and rent costs, because that makes up the vast majority of our inflation rate right now. Stop pretending like you can't afford to eat.

You're citing some random graph provided to you by some random association instead of looking at the facts on the ground. I can assure you that absolutely everybody you know has seen more than a 10% increase in their groceries and monthly expenses. Well over in fact. If you're upper middle class and above this might just be a slight inconvenience, but everyone else below that line is definitely feeling the heat in on way or another depending on how low they are on the ladder.

Also, you're dead wrong about inflation and home costs. Inflation drives up home costs, not the other way around. Home costs are high right now because interest rates are high. Interest rates are high because the fed needed to combat inflation. Inflation is high because we printed so much excess money during the pandemic. We printed money during the pandemic because democrats insisted that nobody go to work.

The economy was doing just fine. This is all started during the pandemic and the democrats insistence on shutting the world down. Might have made sense for about a month during that initial wave when nobody knew what was happening, but weeks turned into months and months turned into years. As a democrat, you guys need to own up to this. Everyone was telling you this was going to happen.

[Off the Court]

You're citing some random graph provided to you by some random association instead of looking at the facts on the ground. I can assure you that absolutely everybody you know has seen more than a 10% increase in their groceries and monthly expenses. Well over in fact. If you're upper middle class and above this might just be a slight inconvenience, but everyone else below that line is definitely feeling the heat in on way or another depending on how low they are on the ladder.

Also, you're dead wrong about inflation and home costs. Inflation drives up home costs, not the other way around. Home costs are high right now because interest rates are high. Interest rates are high because the fed needed to combat inflation. Inflation is high because we printed so much excess money during the pandemic. We printed money during the pandemic because democrats insisted that nobody go to work.

The economy was doing just fine. This is all started during the pandemic and the democrats insistence on shutting the world down. Might have made sense for about a month during that initial wave when nobody knew what was happening, but weeks turned into months and months turned into years. As a democrat, you guys need to own up to this. Everyone was telling you this was going to happen.
Every single thing you posted here is wrong :oldlol:

That graph shows more "facts" than you've presented. Simply saying something is a fact doesn't make it so. At least I came with evidence of some sort. Housing costs are being driven by both supply and demand interest rates. That thing called "capitalism". And the people in charge when covid went down were Trump and his drained swamp, Democrats were not in power.

What's funny is that Trump was pushing for a much bigger stimulus payment than Biden before he lost. Biden was the lesser of the money printing and Trump's Cares Act was the most spending this country has ever seen.

[Patrick Chewing]

https://restaurant.org/NRA/media/Research/Indicators/2021/Wholesale-Food-Prices-Monthly-August-2023.jpg


"Astronomical" :oldlol:

Your grocery bill went from like $200 to $220.

Here I'll give you some help in your tribal quest because you need it. If you want to complain about inflation you need to point at home and rent costs, because that makes up the vast majority of our inflation rate right now. Stop pretending like you can't afford to eat.

You suck at reading graphs or are willfully ignorant. That graph shows percentage changes month to month and look at how high food cost prices are overall. Read your graph again: "Percent change from the previous month". Do the math. That graph actually proves what we're talking about. That food prices are through the roof.


You really thought you had something there did ya?? :facepalm

[Baller234]

Every single thing you posted here is wrong :oldlol:

That graph shows more "facts" than you've presented. Simply saying something is a fact doesn't make it so. At least I came with evidence of some sort. Housing costs are being driven by both supply and demand interest rates. That thing called "capitalism". And the people in charge when covid went down were Trump and his drained swamp, Democrats were not in power.

What's funny is that Trump was pushing for a much bigger stimulus payment than Biden before he lost. Biden was the lesser of the money printing and Trump's Cares Act was the most spending this country has ever seen.

Supply was already low well before the pandemic. There's been an inventory shortage going back to the mid 2010's now. I work in a real estate adjacent industry and you have absolutely no idea what you're talking about.

Yes there was an increase in home prices during that period due to the low supply and high demand, but the market was still insanely busy. Homes were getting multiple offers and selling in the first week. Now you have low inventory AND low demand because nobody can afford a mortgage.

I do blame Trump for caving in during Covid. He clearly wanted to open things up much sooner but he was bullied and pressured into doing things he didn't want to do. Anyone who didn't abide by the strictest Covid guidelines were portrayed as heartless monsters and plague spreaders, and he was afraid it would hurt his political chances if it didn't look like he cared about Covid enough. Once we went into full lockdown his hands were tied and we had no choice but to print all that money.

You guys (the left) were the driving force behind all of this. It's what your side campaigned for. Lockdowns, lockdowns, and then more lockdowns. Year later? Dem cities still locked down. Schools? Still on lockdown.

Don't you dare try and argue that it was republicans pushing for this because it wasn't.

[Off the Court]

You suck at reading graphs or are willfully ignorant. That graph shows percentage changes month to month and look at how high food cost prices are overall. Do the math. That graph actually proves what we're talking about. That food prices are through the roof.


You really thought you had something there did ya?? :facepalm

I read it exactly how I said it. Add all that up including the negatives you get around what I said. A $200 bill going to $220. That's is your "astronomical" increase :oldlol:

And from 1 year ago until now prices are actually down. That's right, your food expenses have gone down over the last year.

Again, if you want to complain about inflation, point at your rent. It's all you got, it's the only thing the Fed hasn't conquered.

[Off the Court]

Supply was already low well before the pandemic. There's been an inventory shortage going back to the mid 2010's now. I work in a real estate adjacent industry and you have absolutely no idea what you're talking about.

Yes there was an increase in home prices during that period due to the low supply and high demand, but the market was still insanely busy. Homes were getting multiple offers and selling in the first week. Now you have low inventory AND low demand because nobody can afford a mortgage.

I do blame Trump for caving in during Covid. He clearly wanted to open things up much sooner but he was bullied and pressured into doing things he didn't want to do. Anyone who didn't abide by the strictest Covid guidelines were portrayed as heartless monsters and plague spreaders, and he was afraid it would hurt his political chances if it didn't look like he cared about Covid enough. Once we went into full lockdown his hands were tied and we had no choice but to print all that money.

You guys (the left) were the driving force behind all of this. It's what your side campaigned for. Lockdowns, lockdowns, and then more lockdowns. Year later? Dem cities still locked down. Schools? Still on lockdown.

Don't you dare try and argue that it was republicans pushing for this because it wasn't.

Nope, demand is HIGH. That is keeping prices up.

Aside from the obvious interest rates, inventory is low but also remote work being thrust on society is a key factor. People aren't moving or selling their homes because they don't need to any more, they can just work at home. You work in real estate yet I know more about your industry than you do, that isn't shocking.

[Patrick Chewing]

I read it exactly how I said it. Add all that up including the negatives you get around what I said. A $200 bill going to $220. That's is your "astronomical" increase :oldlol:

And from 1 year ago until now prices are actually down. That's right, your food expenses have gone down over the last year.

Again, if you want to complain about inflation, point at your rent. It's all you got, it's the only thing the Fed hasn't conquered.


Add up all the percentages and you get an overall increase of 13.1 percent since August of 2021. How in the hell can you spin this into a positive? You are a lunatic you know that?

[Off the Court]

If you really do work in real estate, you probably are struggling hard right now. I'll give you that. Just know that the other sectors aren't in dire straights like the housing sector.

That is the one industry I will say probably feels like a Great Depression.

You should stop blaming food prices for your woes though.

[Off the Court]

Add up all the percentages and you get an overall increase of 13.1 percent since August of 2021. How in the hell can you spin this into a positive? You are a lunatic you know that?

I'm not spinning it as a positive, it's just not "astronomical" or even close to that description. And over the last year it's been negative.

That is a 3 year span. Even with normal 2% inflation there is 6% increase in prices.

Astronomical would be the 100% inflation some of these other countries are seeing.

[Baller234]

Nope, demand is HIGH. That is keeping prices up.

Aside from the obvious interest rates, inventory is low but also remote work being thrust on society is a key factor. People aren't moving or selling their homes because they don't need to any more, they can just work at home. You work in real estate yet I know more about your industry than you do, that isn't shocking.

You don't know more than me because you're a 20 year old child who lives in his mom's house. You're ignorant, arrogant and you have no experience in any of the things you're talking about. Otherwise you wouldn't even remotely try and argue that the price of groceries and other monthly goods have only increased 10%. That is something only a privileged and sheltered person would say.

As for your so called real estate expertise, demand is definitely not super high right now. Especially when compared to pre-pandemic levels. Newlyweds and first time home buyers are still sitting on the fence and waiting for prices to drop. Existing homeowners who purchased their homes prior to the pandemic aren't looking to upgrade because they're sitting on equity and don't want to trade their 2-4% interest rate for a 7-8% interest rate. In fact most people who bought their homes prior to the pandemic would not be able to afford them now at the current rates.

And why are the rates high? Because democrats wanted everyone to stay home for a year and collect money.

[Off the Court]

Interest rates are high because that is how the Fed is fighting inflation, it has absolutely nothing to do with Democrats :facepalm

How are you in real estate and not know that?

[Baller234]

Interest rates are high because that is how the Fed is fighting inflation, it has absolutely nothing to do with Democrats :facepalm

How are you in real estate and not know that?

And why is inflation high, genius?

Because democrats wanted everyone to stay home for a year and collect money.

[Off the Court]

And why is inflation high, genius?

Because democrats wanted everyone to stay home for a year and collect money.

We just went over that, Trump handed out more money than anyone else did, and wanted to give out bigger stimulus than Biden did. If there is only one person to point at for money printing, it is Trump. Sorry but that is a fact. Our spending has gone down every year since he was in office.

[Off the Court]

https://pbs.twimg.com/media/Ffm7_MqWAAARAkj?format=png&name=4096x4096

https://pbs.twimg.com/media/FA4ICH5WQAMTnc6?format=jpg&name=4096x4096


This is what you want back in office?

[Baller234]

We just went over that, Trump handed out more money than anyone else did, and wanted to give out bigger stimulus than Biden did. If there is only one person to point at for money printing, it is Trump. Sorry but that is a fact. Our spending has gone down every year since he was in office.

You obviously must be rushing to reply without even reading my posts because I already said I blame Trump for giving into the pressure and keeping the economy suspended longer than he wanted to. Once we crossed that line we had no choice but to print money and increase spending. He was too concerned with re-election and so he caved.

But that's what your side wanted. Trump did that to appease you guys. It definitely wasn't republicans campaigning to shut down the economy and pay everyone to stay home for a year. That was all democrats.

And now here we are.

[Baller234]

OTC are you the kid in this video? Because you seem to have a lot in common.

https://twitter.com/chrisdmowrey/status/1699878517914181755

I could definitely see you being a spoiled, snot nosed 20 year old kid who drives an Audi and feels compelled to lecture less fortunate people on how fantastic the Biden economy is doing as they fall behind on their own personal finances.

[bladefd]

We just went over that, Trump handed out more money than anyone else did, and wanted to give out bigger stimulus than Biden did. If there is only one person to point at for money printing, it is Trump. Sorry but that is a fact. Our spending has gone down every year since he was in office.

And that partisan moron baller doesn't understand that most of the world was shutdown. American Democrats are not the political party in other countries. Most of the world is dealing with inflation, majority of them much worse than us. Guy is completely clueless.

[rmt]

https://restaurant.org/NRA/media/Research/Indicators/2021/Wholesale-Food-Prices-Monthly-August-2023.jpg


"Astronomical" :oldlol:

Your grocery bill went from like $200 to $220.

Here I'll give you some help in your tribal quest because you need it. If you want to complain about inflation you need to point at home and rent costs, because that makes up the vast majority of our inflation rate right now. Stop pretending like you can't afford to eat.

1. Using your numbers: ($220 - $200)/$200 = .10. That's a 10% increase.

2. This graph uses percent change from previous month. So, starting at $100, that's a 13.64% increase (or your $200 groceries now cost $226)

21-Jul $100.00
21-Aug $102.30 2.3
21-Sep $104.35 2
21-Oct $103.82 -0.5
21-Nov $105.07 1.2
21-Dec $104.65 -0.4
22-Jan $105.91 1.2
22-Feb $107.81 1.8
22-Mar $110.29 2.3
22-Apr $113.82 3.2
22-May $115.53 1.5
22-Jun $115.18 -0.3
22-Jul $116.56 1.2
22-Aug $115.75 -0.7
22-Sep $116.21 0.4
22-Oct $117.37 1
22-Nov $120.89 3
22-Dec $120.05 -0.7
23-Jan $117.89 -1.8
23-Feb $114.35 -3
23-Mar $115.72 1.2
23-Apr $115.14 -0.5
23-May $113.30 -1.6
23-Jun $113.64 0.3
23-Jul $113.41 -0.2
23-Aug $113.64 0.2

3. These are WHOLESALE food prices - PRODUCER Price Index. Transportation, retail (supermarket) and other support probably have yet to be added. It would have been better to use CPI - CONSUMER Price Index.

[Off the Court]

1. Using your numbers: ($220 - $200)/$200 = .10. That's a 10% increase.

2. This graph uses percent change from previous month. So, starting at $100, that's a 13.64% increase (or your $200 groceries now cost $226)

21-Jul $100.00
21-Aug $102.30 2.3
21-Sep $104.35 2
21-Oct $103.82 -0.5
21-Nov $105.07 1.2
21-Dec $104.65 -0.4
22-Jan $105.91 1.2
22-Feb $107.81 1.8
22-Mar $110.29 2.3
22-Apr $113.82 3.2
22-May $115.53 1.5
22-Jun $115.18 -0.3
22-Jul $116.56 1.2
22-Aug $115.75 -0.7
22-Sep $116.21 0.4
22-Oct $117.37 1
22-Nov $120.89 3
22-Dec $120.05 -0.7
23-Jan $117.89 -1.8
23-Feb $114.35 -3
23-Mar $115.72 1.2
23-Apr $115.14 -0.5
23-May $113.30 -1.6
23-Jun $113.64 0.3
23-Jul $113.41 -0.2
23-Aug $113.64 0.2

3. These are WHOLESALE food prices - PRODUCER Price Index. Transportation, retail (supermarket) and other support probably have yet to be added. It would have been better to use CPI - CONSUMER Price Index.

Yes exactly, this is outlining my point 100%

A 13% increase over 3 years time is higher than average inflation, which is usually 2% a year, or 6% over 3 years.

But these fools are acting as though their grocery bill doubled and they can't afford to feed themselves. Chewing said "astronomical". It's not even close. Some of these other countries seeing 100% inflation are what they are describing. In the 80s we had a year with 14% inflation, which is much more extreme than that same increase spread over 3 years time.

Ideally, we want 2% inflation while wages increase 5%. Over the last 3 years it's basically been the opposite, 5-7% inflation average and 2% wage increase. But this is still a very livable situation, and isn't even close to the Great Depression being sold by Chewing and others. Hell this isn't even a recession.

[Patrick Chewing]

No one on this board should be falling for OTC's garbage as he always tries to turn a crisis into not that big a deal. Meanwhile, credit card debt is rising across the nation cause people are having to put a lot more stuff on credit.

This guy just doesn't understand that it isn't just the cost of food that has increased. If all we had to pay for was food, heck, that'd be great. But it's everything else. Food, gas, rent, electricity, higher interest rates overall, etc.


OTC is a snake oil salesman. Ignore him.

[Off the Court]

No one on this board should be falling for OTC's garbage as he always tries to turn a crisis into not that big a deal. Meanwhile, credit card debt is rising across the nation cause people are having to put a lot more stuff on credit.

This guy just doesn't understand that it isn't just the cost of food that has increased. If all we had to pay for was food, heck, that'd be great. But it's everything else. Food, gas, rent, electricity, higher interest rates overall, etc.


OTC is a snake oil salesman. Ignore him.

It's primarily rent/housing. Like I've been saying throughout this entire thread. And not your f@#kin eggs.

It's the last hurdle.

[rmt]

Yes exactly, this is outlining my point 100%

A 13% increase over 3 years time is higher than average inflation, which is usually 2% a year, or 6% over 3 years.

But these fools are acting as though their grocery bill doubled and they can't afford to feed themselves. Chewing said "astronomical". It's not even close. Some of these other countries seeing 100% inflation are what they are describing. In the 80s we had a year with 14% inflation, which is much more extreme than that same increase spread over 3 years time.

Ideally, we want 2% inflation while wages increase 5%. Over the last 3 years it's basically been the opposite, 5-7% inflation average and 2% wage increase. But this is still a very livable situation, and isn't even close to the Great Depression being sold by Chewing and others. Hell this isn't even a recession.

It is laughable that you think my post backs up what you are espousing. This graph is a 2 year period (Aug 2021 to Aug 2023) - at the usual 2% per year - that's 4.04% increase. YOUR graph shows a 13.64% increase in wholesale, producer price - not even accounting for the added cost of transportation, retail and other support BEFORE it gets to what it actually costs the consumer. Each component along the way adds its own increased inflated costs before we pay for it at the supermarket.

You should have used Consumer Price Index (CPI) - which I would guess would be an even higher percent increase - but then you'd be even more wrong.

[Off the Court]

It is laughable that you think my post backs up what you are espousing. This graph is a 2 year period (Aug 2021 to Aug 2023) - at the usual 2% per year - that's 4.04% increase. YOUR graph shows a 13.64% increase in wholesale, producer price - not even accounting for the added cost of transportation, retail and other support BEFORE it gets to what it actually costs the consumer. Each component along the way adds its own increased inflated costs before we pay for it at the supermarket.

You should have used Consumer Price Index (CPI) - which I would guess would be an even higher percent increase.
Okay, it's a two year span. Fair enough. I still think that it illustrates that while inflation has been high it is A. not "astronomical" and B. decreasing over the past 1 year of it.

[rmt]

Okay, it's a two year span. Fair enough. I still think that it illustrates that while inflation has been high it is A. not "astronomical" and B. decreasing over the past 1 year of it.

A 13.64% increase in PRODUCER price (not CONSUMER price) is "astronomical" for the 61% of Americans living paycheck to paycheck.

[Off the Court]

21-Jul $100.00
21-Aug $102.30 2.3
21-Sep $104.35 2
21-Oct $103.82 -0.5
21-Nov $105.07 1.2
21-Dec $104.65 -0.4
22-Jan $105.91 1.2
22-Feb $107.81 1.8
22-Mar $110.29 2.3
22-Apr $113.82 3.2
22-May $115.53 1.5
22-Jun $115.18 -0.3
22-Jul $116.56 1.2
22-Aug $115.75 -0.7 (1 YEAR AGO $115.75)
22-Sep $116.21 0.4
22-Oct $117.37 1
22-Nov $120.89 3 (HIGH POINT $120.89)
22-Dec $120.05 -0.7
23-Jan $117.89 -1.8
23-Feb $114.35 -3
23-Mar $115.72 1.2
23-Apr $115.14 -0.5
23-May $113.30 -1.6
23-Jun $113.64 0.3
23-Jul $113.41 -0.2
23-Aug $113.64 0.2 TODAY ($113.64)


Your own layout, showing a decrease over the past 1 year, and a bigger decrease over the past 10 months

[Off the Court]

A 13.64% increase in PRODUCER price (not CONSUMER price) is "astronomical" for the 61% of Americans living paycheck to paycheck.

Okay of you are in a family of 6, one employed, living paycheck to paycheck, with a $2000 month grocery bill. Sure that can be a big deal.

But I can not accept that from Chewing who is single, childless, and spends his working days in here crying about liberals.

[Patrick Chewing]

Okay of you are in a family of 6, one employed, living paycheck to paycheck, with a $2000 month grocery bill. Sure that can be a big deal.

But I can not accept that from Chewing who is single, childless, and spends his working days in here crying about liberals.

I love the backpedal by OTC. When his numbers get called out and they don't go his way, he starts to make exceptions.

People can't afford shit nowadays. Just admit it. Quit fighting this and looking foolish.

[Off the Court]

I love the backpedal by OTC. When his numbers get called out and they don't go his way, he starts to make exceptions.

People can't afford shit nowadays. Just admit it. Quit fighting this and looking foolish.

Sure that's why the Fed can't kill the economy and stop consumers from spending.

That's why Amazon is breaking revenue records.

No one can afford anything.


Again, the only thing people can't afford right now is a house. It's the last hurdle.

[Patrick Chewing]

Sure that's why the Fed can't kill the economy and stop consumers from spending.

That's why Amazon is breaking revenue records.

No one can afford anything.


Again, the only thing people can't afford right now is a house. It's the last hurdle.

Amazon is breaking revenues because people shop from home more than they used to. The spending is the same. You know this and I know this. That's why shopping malls and brick and mortar stores are closing down.

And it isn't just housing that's gone up, it's gas, it's the cost of buying a new or used car. Just because you see people pumping gas cause they have no other means of transportation doesn't mean they can afford it and have no problem filling up their cars at $4 a gallon. Jesus Christ quit being so disingenuous.

[Off the Court]

Amazon is breaking revenues because people shop from home more than they used to. The spending is the same. You know this and I know this. That's why shopping malls and brick and mortar stores are closing down.

And it isn't just housing that's gone up, it's gas, it's the cost of buying a new or used car. Just because you see people pumping gas cause they have no other means of transportation doesn't mean they can afford it and have no problem filling up their cars at $4 a gallon. Jesus Christ quit being so disingenuous.

https://www.statista.com/statistics/241198/sales-of-kroger/

There is Kroger, the largest grocery chain in the US, at all time highs right now.

You're the one being disingenuous, you're basically gaslighting everyone trying to convince them that we are in a gloom and doom great depression all because you want to do is make Biden look bad who little to do with any of this.

For the typical American, their "struggle" has been switching a few items from organic to store label. Which isn't a real struggle. You canceling your HULU account to save a few bucks isn't an "astronomical" issue.

[bladefd]

And that partisan moron baller doesn't understand that most of the world was shutdown. American Democrats are not the political party in other countries. Most of the world is dealing with inflation, majority of them much worse than us. Guy is completely clueless.

This post also applies to Chewbacca. And perhaps rmt too but I'm not clear on whether rmt admits this.

[Patrick Chewing]

https://www.statista.com/statistics/241198/sales-of-kroger/

There is Kroger, the largest grocery chain in the US, at all time highs right now.

You're the one being disingenuous, you're basically gaslighting everyone trying to convince them that we are in a gloom and doom great depression all because you want to do is make Biden look bad who little to do with any of this.

For the typical American, their "struggle" has been switching a few items from organic to store label. Which isn't a real struggle. You canceling your HULU account to save a few bucks isn't an "astronomical" issue.


Dude....people aren't going to stop buying groceries. ROFL :roll:

What are you trying to prove by saying that Kroger is reporting all time highs? That prices are low? That groceries are affordable?

And you're the only one on here that has brought up a depression, so don't put words in my mouth.

But that doesn't mean that prices aren't hurting customers. As I just said, and you can check it for yourself, more people are putting their expenses on credit cards. More people shopping at Kroger doesn't mean that prices haven't gone up and that the average American isn't having a hard time paying bills. You just can't admit when you're wrong.

[Off the Court]

You said "people can't afford anything" when spending has never been higher. Spending is something the Fed is trying to slow down but can't. That is part of why inflation is high, why would retailers mark prices down when we are still buying things at high prices?

What is funny is that you don't have a problem with Biden, you have a problem with supply and demand. You have a problem with capitalism. This is how it works. Businesses charge us the prices that makes them the most money. So that is where prices are. When we stop paying that price? They'll start marking it down.

[Patrick Chewing]

You said "people can't afford anything" when spending has never been higher. Spending is something the Fed is trying to slow down but can't. That is part of why inflation is high, why would retailers mark prices down when we are still buying things at high prices?

What is funny is that you don't have a problem with Biden, you have a problem with supply and demand. You have a problem with capitalism.

People cannot afford and people spending are two completely different things. This is how our debt keeps increasing month to month.


All you have to say is that yeah, prices are through the roof and are pretty crazy right now and you won't come across as some psychopath.

[Off the Court]

People cannot afford and people spending are two completely different things. This is how our debt keeps increasing month to month.


All you have to say is that yeah, prices are through the roof and are pretty crazy right now and you won't come across as some psychopath.

Wrong. If people can't afford anything it would bring prices down. That is how supply and demand works. You can't have them both.

the Fed is trying to make it like you say it is, so that prices fall. But spending and employment as still at all time highs.

[Patrick Chewing]

Wrong. If people can't afford anything it would bring prices down. That is how supply and demand works. You can't have them both.

the Fed is trying to make it like you say it is, so that prices fall. But spending and employment as still at all time highs.

As I stated earlier, but you're just being obtuse, people are not going to stop buying groceries. So your excuse of spending is at an all-time is not because people have more money and can afford more things, it's because people just can't stop buying groceries and starve to death and die just because prices increased. So they are spending more than they would have 2-3 or 5 years ago.

The problem is, you're taking this as a win for your side by saying, "oh golly gee look at that, sales at Kroger are at all-time highs! This economy is thriving!" The reality is, people still need to buy groceries to feed themselves and their families, so it's all about how you move your money around and not about having more money to spend.

[Off the Court]

As I stated earlier, but you're just being obtuse, people are not going to stop buying groceries. So your excuse of spending is at an all-time is not because people have more money and can afford more things, it's because people just can't stop buying groceries and starve to death and die just because prices increased. So they are spending more than they would have 2-3 or 5 years ago.

The problem is, you're taking this as a win for your side by saying, "oh golly gee look at that, sales at Kroger are at all-time highs! This economy is thriving!" The reality is, people still need to buy groceries to feed themselves and their families, so it's all about how you move your money around and not about having more money to spend.
I pointed at Kroger because you didn't accept Amazon's record breaking sales with the excuse of "shopping from home". You said "no one can afford anything" but that just isn't true.

https://businessmodelanalyst.com/wp-content/uploads/2023/03/Starbucks-Revenue-1024x576.webp

Starbucks is completely frivolous and can't be purchased from home. Record sales.

What is your excuse for Starbucks doing so well?

[Patrick Chewing]

Does anyone buy eggs and milk from Amazon? Cheese? Meats? From Amazon? :facepalm


Why are Starbucks sales up? Simple. They serve more than coffee now and their #1 reason......



The rise in Rideshare services.


This does not equate to people being able to afford Starbucks. It equates to Starbucks being more easily accessible now.

[Off the Court]

Does anyone buy eggs and milk from Amazon? Cheese? Meats? From Amazon? :facepalm
Exactly! :oldlol: People buy junk they don't need on Amazon. Yet sales have never been higher.


Why are Starbucks sales up? Simple. They serve more than coffee now and their #1 reason......



The rise in Rideshare services.


This does not equate to people being able to afford Starbucks. It equates to Starbucks being more easily accessible now.

Rideshare services? That would make a frivolous over priced iced mocha late even MORE expensive :oldlol:

All of your excuses suck. Reality: people are out spending money.

[Patrick Chewing]

Exactly! :oldlol: People buy junk they don't need on Amazon. Yet sales have never been higher.



Rideshare services? That would make a frivolous over priced iced mocha late even MORE expensive :oldlol:

All of your excuses suck. Reality: people are out spending money.

Wrong. People aren't buying junk on Amazon. They're buying everything else they can buy at any other store besides grocery stores. Medicine, clothing, furniture, toys, games, etc.

It's not junk cause people are just swimming in money. You will never be able to turn this around and convince us that people just have money to burn out there. They don't. I mean, why do you think credit card debt is increasing? If people had money to spend, it would be the opposite. Debt would be decreasing, not increasing.


You're in denial because I've shut you down time and time again with facts. Yes, Starbucks is up because of rideshare services and because they are no longer just a coffee company. Plus, they've put small Mom and Pop coffee stores out of business probably. So that was a bad example on your part.


And once again, you're changing the argument as you usually do to make you look right and everyone else wrong. Now you're making the case that "people are out spending money". Well no shit Sherlock. But that's what started us down this path. What started us down this path was the irrefutable fact that the cost of goods, living, everything has gone up and every day Middle Class people can no longer afford some every day items.

[RRR3]

Wrong. People aren't buying junk on Amazon. They're buying everything else they can buy at any other store besides grocery stores. Medicine, clothing, furniture, toys, games, etc.

It's not junk cause people are just swimming in money. You will never be able to turn this around and convince us that people just have money to burn out there. They don't. I mean, why do you think credit card debt is increasing? If people had money to spend, it would be the opposite. Debt would be decreasing, not increasing.


You're in denial because I've shut you down time and time again with facts. Yes, Starbucks is up because of rideshare services and because they are no longer just a coffee company. Plus, they've put small Mom and Pop coffee stores out of business probably. So that was a bad example on your part.


And once again, you're changing the argument as you usually do to make you look right and everyone else wrong. Now you're making the case that "people are out spending money". Well no shit Sherlock. But that's what started us down this path. What started us down this path was the irrefutable fact that the cost of goods, living, everything has gone up and every day Middle Class people can no longer afford some every day items.
If you’re so worried about stuff like this should should be open to socialism.

[Gruppenführer]

If you’re so worried about stuff like this should should be open to socialism.


A system that never works.

[Patrick Chewing]

A system that never works.

In his mind, the fairytale world that he's created, it works.

[Bill Gates]

The United States has always been socialist, which is a broad term. This county has always had millions living on handouts.

Socialism is a very grey concept that could be conducted in extreme or minimal ways. And in different forms.

[RRR3]

In his mind, the fairytale world that he's created, it works.
Considering you think socialism=big government, it's currently going on in every country on earth.

[Baller234]

Considering you think socialism=big government, it's currently going on in every country on earth.

Didn't you say you hate every country on Earth?

[Nanners]

How many people are financially better off now than they were at the start of 2020? ... trick question because we all know that NOBODY is financially better off now than they were before.

[diamenz]

How many people are financially better off now than they were at the start of 2020? ... trick question because we all know that NOBODY is financially better off now than they were before.

big pharma says hi.

[RRR3]

Didn't you say you hate every country on Earth?
We were focusing on what Fatrick believes not me. Try to keep up. I know it’s hard with your 65 IQ

[Lakers Legend#32]

How many people are financially better off now than they were at the start of 2020? ... trick question because we all know that NOBODY is financially better off now than they were before.

Four years ago we were placing dead bodies in freezer trucks because hospitals were overflowing with Covid deaths.

[Bill Gates]

How many people are financially better off now than they were at the start of 2020? ... trick question because we all know that NOBODY is financially better off now than they were before.

Every single home owner is better off now.

Oh also every human with anything substantial in the stock market.

Neither of these things describe you apparently

[Patrick Chewing]

Every single home owner is better off now.




Wrong.

[Baller234]

Every single home owner is better off now.

Oh also every human with anything substantial in the stock market.

Neither of these things describe you apparently

You should lose your posting privileges after this ridiculous post.

Log off. I think your mom is calling. Hot pockets are ready.

[Bill Gates]

You should lose your posting privileges after this ridiculous post.

Log off. I think your mom is calling. Hot pockets are ready.

You are the one exposing yourself as a clueless child here. Since 2020 home values have doubled and the S&P 500 has near doubled. Much of the country saw their net worth sky rocket. 1 in 10 adults in the US are millionaires.

This is what's keeping the economy thriving.

Covid was a mixed bag. Half the country got richer, the half that owns nothing only saw their rent increase.

[Baller234]

You are the one exposing yourself as a clueless child here. Since 2020 home values have doubled and the S&P 500 has near doubled. Much of the country saw their net worth sky rocket. 1 in 10 adults in the US are millionaires.

This is what's keeping the economy thriving.

Covid was a mixed bag. Half the country got richer, the half that owns nothing only saw their rent increase.

https://media0.giphy.com/media/J2DYCDA15pTau86IGr/200.gif?cid=6c09b952grgfr8ojstz8c12y5c4wo7mrrochdi 4qfugogjah&ep=v1_gifs_search&rid=200.gif&ct=g

[TeflonDonTrump]

How many people are financially better off now than they were at the start of 2020? ... trick question because we all know that NOBODY is financially better off now than they were before.

I am. I took covid loans at 3.0% and can get returns on it at 6% its like the government is giving away money

[rawimpact]

Every single home owner is better off now.

Oh also every human with anything substantial in the stock market.

Neither of these things describe you apparently

Proves you're not a home owner...

Most people who own homes or are paying a mortgage really don't benefit from increased value of a home unless they're pulling equity or looking to sell. They're just gifted with an increase in tax or larger escrow balance which is non-interest bearing.

My primary home tax went up 20%. County increase in rate and unfortunately a recent assessment. Most people who pay a large amount of tax pay for an attorney and can get it reduced.

I have family that live sin Barrington Hills IL, their home is nearly 2M and they pay close to 80K in property tax and annually get it reduced to half that.

[Lakers Legend#32]

In one speech this week Trump claimed windmills are killing whales in “numbers never seen before”, confused Jeb Bush w/ George W., then claimed Jeb got us into the Iraq War.

And you won’t see it covered on Fox News because they won’t tell the truth - Trump is too old to run.

[Baller234]

Proves you're not a home owner...

Most people who own homes or are paying a mortgage really don't benefit from increased value of a home unless they're pulling equity or looking to sell. They're just gifted with an increase in tax or larger escrow balance which is non-interest bearing.

My primary home tax went up 20%. County increase in rate and unfortunately a recent assessment. Most people who pay a large amount of tax pay for an attorney and can get it reduced.

I have family that live sin Barrington Hills IL, their home is nearly 2M and they pay close to 80K in property tax and annually get it reduced to half that.

You mean the guy who claims that property values doubled since 2020 is just a lying troll?

:oldlol:

[bladefd]

With the government shutdown on the horizon, House Republicans are focused on Biden impeachment :oldlol:

[warriorfan]

With the government shutdown on the horizon, House Republicans are focused on Biden impeachment :oldlol:

and your foot is still deformed

[GimmeThat]

he's after the mp4 and gif file size differences, since audio recordings can no way have that big of a difference.

which is again, using analog instead of turning everything digital. If you knew anything about the sound board, you'd know that the frequences of the human voice are all within a pretty short range.

[BurningHammer]

and your foot is still deformed

NPC (Non Playable Crackhead) Alert!! :roll:

[warriorfan]

NPC (Non Playable Crackhead) Alert!! :roll:

you’re fat, canadian, and watch professional wrestling



go away

[BurningHammer]

you’re fat, canadian, and watch professional wrestling



go away

Automatic NPC response :roll:

[Patrick Chewing]

you’re fat, canadian, and watch professional wrestling



go away

It's hard to take anyone seriously who watches the garbage that wrestling has become.



And how in the hell is a wrestling thread stickied on the OTC Forum?? Take that shit down.

[BurningHammer]

It's hard to take anyone seriously who watches the garbage that wrestling has become.



And how in the hell is a wrestling thread stickied on the OTC Forum?? Take that shit down.

At least I know you are a closet pro wrestling fan :cheers:

[rawimpact]

With the government shutdown on the horizon, House Republicans are focused on Biden impeachment :oldlol:

And democrat's are pulling fire alarms before a voting deadline...

[Nanners]

Yes no doubt the economy is doing great... meanwhile, does anybody know a single person that is financially better off now than they were at the start of 2020?

[Bill Gates]

Yes no doubt the economy is doing great... meanwhile, does anybody know a single person that is financially better off now than they were at the start of 2020?

How do you not, do you live under a bridge? Every single home owner in the country. Every single individual with anything meaningful in the stock market. Half the country doubled their net worth in that tiny time frame because Trump flooded the country with money. That is why the economy and this inflation can not be killed by the Fed.

[Baller234]

How do you not, do you live under a bridge? Every single home owner in the country. Every single individual with anything meaningful in the stock market. Half the country doubled their net worth in that tiny time frame because Trump flooded the country with money. That is why the economy and this inflation can not be killed by the Fed.

So in other words, the haves got richer and the have-nots didn't. You don't say.

Not everyone in the country owns their home genius. Even less of them have something "meaningful" in the stock market. That's not how you determine the strength of an economy. You measure it by one's access to goods and services. You measure it by the cost of living.

You don't make any money from the equity in your home unless you sell it. If you're selling your home, either you're cashing out or it means you can no longer afford it anymore. For a lot of people it's going to be the latter. Cost of living has gone up.

[Bill Gates]

So in other words, the haves got richer and the have-nots didn't. You don't say.

Not everyone in the country owns their home genius. Even less of them have something "meaningful" in the stock market. That's not how you determine the strength of an economy. You measure it by one's access to goods and services. You measure it by the cost of living.

You don't make any money from the equity in your home unless you sell it. If you're selling your home, either you're cashing out or it means you can no longer afford it anymore. For a lot of people it's going to be the latter. Cost of living has gone up.
He asked "does anybody know a single person that is financially better off now than they were at the start of 2020?"

Well, yes, lots of people. That is the entire reason the cost of living has gone up. Gaining equity in your home allows you to take a lean btw, or gives you the ability to be more frugal before retirement.

[Baller234]

He asked "does anybody know a single person that is financially better off now than they were at the start of 2020?"

Well, yes, lots of people. That is the entire reason the cost of living has gone up. Gaining equity in your home allows you to take a lean btw, or gives you the ability to be more frugal before retirement.

It also means that more people won't be able to afford a home, genius. If people are taking leans or borrowing against their equity, it means they need more help paying their monthly expenses. Great for elderly people looking to downsize or cash out, not so great for anyone who thought about buying a new home.

And the cost of living is up because democrats thought it was a great idea to shut down the economy for over a year.

[diamenz]

democrats thought it was a great idea to shut down the economy for over a year.

what?

[Baller234]

what?

How do you think the economy got into this mess?

Because of our insane response to Covid.

[diamenz]

How do you think the economy got into this mess?

Because of our insane response to Covid.

why do you blame democrats when republicans were in power?

[SATAN]

It's crazy how this Balls guy puts so much effort into his arguments yet comes off looking dumber and dumber every time he types.

I blocked him.

[Baller234]

why do you blame democrats when republicans were in power?

I do blame republicans, including Trump. He should have stood up for us more and told the democrats to go fukk themselves. He initially wanted to re-open the country a lot sooner, but the combination of Fauci and the entire political machine was too much for him to handle. Ultimately he bent the knee because he didn't want to hurt his re-election chances.

Even still, red states opened up and ditched the lockdown protocols much sooner than the blue states. The blue states were masking and locking down well past 2020, including keeping children home from school. They were the ones who pressured Trump and all the local governments to shut down. They were the driving force behind it all.

[diamenz]

I do blame republicans, including Trump. He should have stood up for us more and told the democrats to go fukk themselves. He initially wanted to re-open the country a lot sooner, but the combination of Fauci and the entire political machine was too much for him to handle. Ultimately he bent the knee because he didn't want to hurt his re-election chances.

Even still, red states opened up and ditched the lockdown protocols much sooner than the blue states. The blue states were masking and locking down well past 2020, including keeping children home from school. They were the ones who pressured Trump and all the local governments to shut down. They were the driving force behind it all.

once it was clear that covid wasn't the next black plague, it should have just been focused protection on the elderly and vulnerable. that's it. our response was indeed insane.

[Baller234]

once it was clear that covid wasn't the next black plague, it should have just been focused protection on the elderly and vulnerable. that's it. our response was indeed insane.

Tell that to @Bill Gates.

[paksat]

Reddit/jobs gives a decent indicator of the economy. It's a massacre out there, we 2008 great recession again. Put your 1k word essay in along with your cover letter to get that job at subway.

You won democrats, woo hoo glad the adults are doing dey damn thing

[GimmeThat]

bidenomics - talking about the U.S. economy from a 4th person point of view.

[Off the Court]

It's a massacre out there, we 2008 great recession again.
:roll:

[Nanners]

How do you not, do you live under a bridge? Every single home owner in the country. Every single individual with anything meaningful in the stock market. Half the country doubled their net worth in that tiny time frame because Trump flooded the country with money. That is why the economy and this inflation can not be killed by the Fed.

LMAO you gotta be smoking hunter biden quantities of crack to think that half of the country has seen their net worth double since 2020. The past few years have been the biggest upward transfer of wealth this country has seen in a very long time.

https://www.businessinsider.com/workers-lost-37-trillion-in-earnings-during-the-pandemic-2021-1

https://www.businessinsider.com/billionaires-made-39-trillion-during-the-pandemic-coronavirus-vaccines-2021-1

Also the idea that home owners are all doing great right now is beyond laughable. Mortgage rates have spiked from ~3% at the start of 2023 to ~7.5% right now - in january of this year a standard 20% down over 30 years on a 300k house cost about $1400/mo and 550k over the course of the loan, currently (~10 months later) the exact same house costs $2100/mo and 800k over the course of loan... how the fvck is that good for home owners?

Anyway lets say you do own a home - youre still paying twice as you did prior to 2020 on basic necessities like gasoline and groceries... I am a homeowner and I have homeowning friends, and virtually all of them complain about being squeezed by the price increases for things like food and fuel compared to a few years ago.

[bladefd]

LMAO you gotta be smoking hunter biden quantities of crack to think that half of the country has seen their net worth double since 2020. The past few years have been the biggest upward transfer of wealth this country has seen in a very long time.

https://www.businessinsider.com/workers-lost-37-trillion-in-earnings-during-the-pandemic-2021-1

https://www.businessinsider.com/billionaires-made-39-trillion-during-the-pandemic-coronavirus-vaccines-2021-1

Also the idea that home owners are all doing great right now is beyond laughable. Mortgage rates have spiked from ~3% at the start of 2023 to ~7.5% right now - in january of this year a standard 20% down over 30 years on a 300k house cost about $1400/mo and 550k over the course of the loan, currently (~10 months later) the exact same house costs $2100/mo and 800k over the course of loan... how the fvck is that good for home owners?

Anyway lets say you do own a home - youre still paying twice as you did prior to 2020 on basic necessities like gasoline and groceries... I am a homeowner and I have homeowning friends, and virtually all of them complain about being squeezed by the price increases for things like food and fuel compared to a few years ago.

If you already own a house, your value went up significantly (and if you are grandfathered into a mortgage already from when interest rates were super low). Quite a few of my neighbors sold their houses on my street and cashed out. Couple moved to the southern states, where houses are quite cheaper. I guess they bought straight up with the money they made, idk. It's a bad time to buy a new house though with mortgage due to high interest rates.

[Bill Gates]

Over 90% of mortgages are at a fixed interest rate and most are in the neighborhood of 3-4% because when rates fell to that everyone refinanced.

This is why it is clear that Nanners is lying about owning a home, because if he was a long time home owner he would understand that and he would also have seen his net worth rise significantly.

Instead he is poor and struggling and projecting his struggles onto everyone else in the country.

[ShawkFactory]

LMAO you gotta be smoking hunter biden quantities of crack to think that half of the country has seen their net worth double since 2020. The past few years have been the biggest upward transfer of wealth this country has seen in a very long time.

https://www.businessinsider.com/workers-lost-37-trillion-in-earnings-during-the-pandemic-2021-1

https://www.businessinsider.com/billionaires-made-39-trillion-during-the-pandemic-coronavirus-vaccines-2021-1

Also the idea that home owners are all doing great right now is beyond laughable. Mortgage rates have spiked from ~3% at the start of 2023 to ~7.5% right now - in january of this year a standard 20% down over 30 years on a 300k house cost about $1400/mo and 550k over the course of the loan, currently (~10 months later) the exact same house costs $2100/mo and 800k over the course of loan... how the fvck is that good for home owners?

Anyway lets say you do own a home - youre still paying twice as you did prior to 2020 on basic necessities like gasoline and groceries... I am a homeowner and I have homeowning friends, and virtually all of them complain about being squeezed by the price increases for things like food and fuel compared to a few years ago.

Why would mortgage rates have any sort of effect on current homeowners? The standard now (and of the last 15 years) is 30 fixed so I’m not sure why there’s an insinuation that fluctuation in rates would hurt someone not trying to currently sell.

[Baller234]

Over 90% of mortgages are at a fixed interest rate and most are in the neighborhood of 3-4% because when rates fell to that everyone refinanced.

This is why it is clear that Nanners is lying about owning a home, because if he was a long time home owner he would understand that and he would also have seen his net worth rise significantly.

Instead he is poor and struggling and projecting his struggles onto everyone else in the country.

WTF do the mortgage rates of 3-4 years ago have to do with anything?? Are we living in 2019 or are we living in 2023?? Yes, the majority of people who financed their homes before the pandemic are sitting on a low interest rate. And??

And who cares about net worth?? Okay great all of those people can sell their homes for a profit... and?? Where are they going to live next?? Can they even afford a new home now that the rates have doubled?? Would they even be able to afford their current home??

[JohnnySic]

https://pbs.twimg.com/media/F8o5W1UXwAAKl25?format=jpg&name=small

[Off the Court]

4.9% GDP

Our economy grew 5% over the last year

red posters - "Help, Biden made us so poor!"

:roll:

[Patrick Chewing]

4.9% GDP

Our economy grew 5% over the last year

red posters - "Help, Biden made us so poor!"

:roll:

It's weird though how people are still poor and groceries are still very expensive. It's very weird.

[Baller234]

4.9% GDP

Our economy grew 5% over the last year

red posters - "Help, Biden made us so poor!"

:roll:

good to see that you weirdo brandon stans have been reduced to low level trolls. must mean your side is losing.

maybe when you move out of mommy's house you'll gain more perspective.

[Off the Court]

good to see that you weirdo brandon stans have been reduced to low level trolls. must mean your side is losing.

maybe when you move out of mommy's house you'll gain more perspective.

Your entire perspective is:

I'm poor therefore everyone else must be.


Turn a blind eye to companies reporting record earnings and GDP growth. Or ignore that inflation itself is driven by high consumer spending. Or better yet, instead of ignoring it just put on your tin foil hat declare its all a lie.

[Jasper]

Your entire perspective is:

I'm poor therefore everyone else must be.


Turn a blind eye to companies reporting record earnings and GDP growth. Or ignore that inflation itself is driven by high consumer spending. Or better yet, instead of ignoring it just put on your tin foil hat declare its all a lie.

thank you

Patsy still is a burrito : https://images2.imgbox.com/33/90/FWFZnXnq_o.png

[Baller234]

Your entire perspective is:

I'm poor therefore everyone else must be.


Turn a blind eye to companies reporting record earnings and GDP growth. Or ignore that inflation itself is driven by high consumer spending. Or better yet, instead of ignoring it just put on your tin foil hat declare its all a lie.

i'm not poor at all. far from it.

you're regurgitating baseless and useless talking points. neither of those things are indicative of the strength of our economy. as always, the ultimate measure of an economy is the average person's access to goods and services. and LOL at you believing any inflation numbers coming out of the white house.

your entire stance on this issue is fueled by your hate boner for orange face. only a clapping monkey who hates trump with a passion could possibly try and argue that we are experiencing a strong economy.

[rawimpact]

4.9% GDP

Our economy grew 5% over the last year

red posters - "Help, Biden made us so poor!"

:roll:

while growth in GDP is great, what does that have to do with the drop in american incomes?


US incomes fall for third straight year under Biden admin as more people ‘cut back’ and work multiple jobs: Census Bureau
You aren’t just imagining it: Your paycheck didn’t go as far last year as it did the year before — or the year before that.
Inflation surges outpaced the average pay raises of US workers in 2022 — the third consecutive year under President Joe Biden in which Americans have seen their standard of living take a tumble, according to fresh data from the US Census Bureau. (https://www.census.gov/library/publications/2023/demo/p60-279.html#:~:text=Real%20median%20household%20incom e%20was,and%20Table%20A%2D1).)
Inflation-adjusted median household income fell to $74,580 in 2022 — a 2.3% decline from the 2021 average of $76,330, the federal agency reported on Tuesday.
The result has caused many cash-strapped New Yorkers to go out less, buy cheaper groceries, borrow from their family to pay rent – and even consider a move to Canada to escape the crushing impact of the administration’s touted Bidenomics, The Post found.
Recess Hyde, 34, said he works two jobs, in fashion and marketing, to get by.

https://nypost.com/2023/09/13/us-incomes-fall-for-third-consecutive-year/

yeah... new york, a very red state

[Patrick Chewing]

thank you

Patsy still is a burrito : https://images2.imgbox.com/33/90/FWFZnXnq_o.png

OMG :facepalm


You know that is highweight, right?? :roll:

[Off the Court]

while growth in GDP is great, what does that have to do with the drop in american incomes?


https://nypost.com/2023/09/13/us-incomes-fall-for-third-consecutive-year/

yeah... new york, a very red state

Wage growth has finally been exceeding inflation

https://tradingeconomics.com/united-states/wage-growth

I do not know how that reflects on the "median" that you just posted. That is taking every single citizen from poorest to richest and looking at what the person in the exact middle makes. I would bet immigration reflects on that, because wages are not shrinking.

[rawimpact]

Wage growth has finally been exceeding inflation

https://tradingeconomics.com/united-states/wage-growth

I do no know how that reflects on the "median" that you just posted....which is taking every single citizen from poorest to richest and looking at what the person in the exact middle makes. I would bet immigration reflects on that, because wages are not shrinking.

Again, that's great that there is an increase in wage just above inflation, but if they're overall bringing in less this year compared to the year before, or before or before, what good is it? That's not a win... it's another year the average american can afford less.

[Baller234]

imagine needing a chart or a graph to inform you on how the economy is doing.

as opposed to just living and breathing and witnessing things first hand in your daily life.

[warriorfan]

Off the Court 100% lives in his mom’s garage.

[rawimpact]

Wage growth has finally been exceeding inflation

https://tradingeconomics.com/united-states/wage-growth

I do not know how that reflects on the "median" that you just posted. That is taking every single citizen from poorest to richest and looking at what the person in the exact middle makes. I would bet immigration reflects on that, because wages are not shrinking.

This just goes to show how much of a retard you actually are though.

Median is the best indicator of a large cohort, not average.

There are ten retards like you, each make 10K each. One hits the lottery and reports a ~1M income for the year.
Which stat is more representative of the group of ten?
Median income of 10K?
Or Average income of ~110k?

[Patrick Chewing]

Off the Court 100% lives in his mom’s garage.

When he doesn't have to pay rent or pay for bills, it's easy to come on this message board and tell the rest of us that the economy is doing good.

[Off the Court]

Again, that's great that there is an increase in wage just above inflation, but if they're overall bringing in less this year compared to the year before, or before or before, what good is it? That's not a win... it's another year the average american can afford less.

They are not bringing in less, they are bringing in more. Wages are GROWING, not shrinking.

Again, the median is taking the citizen in the exact middle, that shrank, but that is different.

[Off the Court]

When he doesn't have to pay rent or pay for bills, it's easy to come on this message board and tell the rest of us that the economy is doing good.

You are right, I do not pay rent.

I pay a mortgage.

[Patrick Chewing]

They are not bringing in less, they are bringing in more. Wages are GROWING, not shrinking.

Again, the median is taking the citizen in the exact middle, that shrank, but that is different.

Bringing in more as you say is irrelevant when the cost of goods is up across the board. So if I make 5k more per year, but I'm spending 5k more per year, then am I really making more money??

[Baller234]

You are right, I do not pay rent.

I pay a mortgage.

zero fukking chance you are a self sufficient person, let alone a homeowner with a mortgage.

no one who is a homeowner and/or responsible for providing for themselves would dare try and argue that the economy is on some type of upward trajectory.

every single good, service and utility has skyrocketed. unless of course you own a small trailer home out in the sticks.

[warriorfan]

You are right, I do not pay rent.

I pay a mortgage.

:lol :roll:

[Off the Court]

zero fukking chance you are a self sufficient person, let alone a homeowner with a mortgage.

no one who is a homeowner and/or responsible for providing for themselves would dare try and argue that the economy is on some type of upward trajectory.

every single good, service and utility has skyrocketed. unless of course you own a small trailer home out in the sticks.

So you are literally this ignorant? You literally believe that every single employed home owner in the entire country is doing poorly? :roll:

There is zero chance that you are not only a self sufficient person, but also zero chance you are over the age of 25.

[Off the Court]

Bringing in more as you say is irrelevant when the cost of goods is up across the board. So if I make 5k more per year, but I'm spending 5k more per year, then am I really making more money??

In 21 and 22 you were not, but now you are, because wages are out pacing inflation.

I do not think you are actually employed though as you are posting in here 24/7

[Off the Court]

https://www.statista.com/chart/30671/number-of-millionaires-and-share-of-the-population/#:~:text=The%20United%20States%20is%20home,4.2%20p ercent%20of%20the%20population).


There are 22.7 million millionaires in the United States.

That is almost 7% of the entire population and 10% of the adult population.

And somehow none of you tin foils has met a single one of them :roll:

[warriorfan]

https://www.statista.com/chart/30671/number-of-millionaires-and-share-of-the-population/#:~:text=The%20United%20States%20is%20home,4.2%20p ercent%20of%20the%20population).


There are 22.7 million millionaires in the United States.

That is almost 7% of the entire population and 10% of the adult population.

And somehow none of you tin foils has met a single one of them :roll:

….what?

[Off the Court]

….what?

Not surprised you can't interpret that. Maybe put the pipe and cheap beer down for a sec.

[warriorfan]

Not surprised you can't interpret that. Maybe put the pipe and cheap beer down for a sec.

You seem to be getting progressively more unhinged while making less and less sense.

Might wanna cool off and take a break for awhile.

[Off the Court]

You seem to be getting progressively more unhinged while making less and less sense.

Might wanna cool off and take a break for awhile.

Or you could simply try harder to comprehend. I know it's difficult, but if you start learning now it will probably help negate your future reading issues.

[warriorfan]

Or you could simply try harder to comprehend. I know it's difficult, but if you start learning now it will probably help negate your future reading issues.

If you wanna talk about reading issues. Did this one give you some problems?


This just goes to show how much of a retard you actually are though.

Median is the best indicator of a large cohort, not average.

There are ten retards like you, each make 10K each. One hits the lottery and reports a ~1M income for the year.
Which stat is more representative of the group of ten?
Median income of 10K?
Or Average income of ~110k?

Or did you just purposefully gloss over it? :lol :roll:

You are digging your own grave here little man, quit before you far further behind.

[Off the Court]

I didn't reply to that post because I never once said anything in regards to median vs average. I agree it is a better indicator and average.

Raw is the real retard in believing that median equates to everyone's income going negative. But our wages are growing. Which I tried to explain to him. He, like yourself, has reading comprehension issues.

Actually I suspect he did realize what I was saying to be true, and decided to deflect it by pretending I was arguing that Average > Median.

[Patrick Chewing]

In 21 and 22 you were not, but now you are, because wages are out pacing inflation.

I do not think you are actually employed though as you are posting in here 24/7

I own a business. I'm down 20-25 percent from last year. So explain to a small business owner how the economy is doing again.

[rawimpact]

They are not bringing in less, they are bringing in more. Wages are GROWING, not shrinking.

Again, the median is taking the citizen in the exact middle, that shrank, but that is different.

We are talking about bringing in goods, experiences etc. end user things, Not money

Money is nothing, it's the worth that matters or cost of goods.

What's better, making 1 dollar annually and cost of living being .0001 a day
or making 60k annually and cost of living being 50k annually?

Money means nothing if costs are up. Read the damn article... It refers to cost of goods, not wage that you keep bringing up.

[Off the Court]

I own a business. I'm down 20-25 percent from last year. So explain to a small business owner how the economy is doing again.

Small business is struggling due to Amazon, get online if you can. Adapt or die. The economy can strive with or without you.

[Off the Court]

We are talking about bringing in goods, experiences etc. end user things, Not money

Money is nothing, it's the worth that matters or cost of goods.

What's better, making 1 dollar annually and cost of living being .0001 a day
or making 60k annually and cost of living being 50k annually?

Money means nothing if costs are up. Read the damn article... It refers to cost of goods, not wage that you keep bringing up.

It references the median. Wage growth is EXCEEDING inflation. That means the average worker is gaining more income than prices are going up.

Like I said earlier, median is affected by immigration. If a million immigrants enter the US all with an income of $0, it's going to bring the median down regardless of wages.

[Off the Court]

Is there even one salaried poster in here who actually saw their salary go down this year?

[Patrick Chewing]

Small business is struggling due to Amazon, get online if you can. Adapt or die. The economy can strive with or without you.

LOL oh my God dude you know nothing. I'm not losing to Amazon. I'm losing to the fact that people don't want to spend their money right now because they cannot afford to. I sell on Amazon too by the way, genius.

[Off the Court]

LOL oh my God dude you know nothing. I'm not losing to Amazon. I'm losing to the fact that people don't want to spend their money right now because they cannot afford to. I sell on Amazon too by the way, genius.

Amazon is reporting record sales.

your products must suck.

[Patrick Chewing]

Amazon is reporting record sales.

your products must suck.

Clown response by a clueless clown. Not even sure why we entertain any of your lunacy.

[Off the Court]

Clown response by a clueless clown. Not even sure why we entertain any of your lunacy.

It's because you know I'm right and you are forced to retort in an effort to convince yourself I am wrong. It is much more comforting for you to believe that everyone in the country is suffering, and not just you.

[Baller234]

So you are literally this ignorant? You literally believe that every single employed home owner in the entire country is doing poorly? :roll:

There is zero chance that you are not only a self sufficient person, but also zero chance you are over the age of 25.

i am a homeowner genius.

i didn't say every homeowner was doing poorly. i said there isn't a self sufficient homeowner out there who thinks the economy is doing great. double if you are providing for a family.

homowners gained in equity but that's where it ends. by other every other metric they are worse off. cost of living is up, cost of food is up, cost of utilities is up... everything is up.

you're the only one dumb enough to celebrate the state of the economy, and you're only doing so because you think it's a blow against the evil trumpers. you are delusional.

[Patrick Chewing]

It's because you know I'm right and you are forced to retort in an effort to convince yourself I am wrong. It is much more comforting for you to believe that everyone in the country is suffering, and not just you.

You're not right by a country mile. We had record profits prior to the pandemic and now we don't. Amazon was around long before 2020. I think I know my business while all you know how to do is bootlick the Dems and try to turn obvious negatives into a positive so you don't come out looking absolutely ridiculous. This is exactly why Biden will lose the Presidency.

[warriorfan]

I guarantee Off the Hinge was screeching about how Trump is giving tax cuts to big corporations while there is wealth inequality, now that Biden is in charge he’s shilling for amazon and telling everyone to pull up their bootstraps.

:roll:

[Off the Court]

Maybe I am living on rent. But it's free. In all of your heads.

https://blacknerdproblems.com/wp-content/uploads/2014/10/Money-dance.gif

[Baller234]

Maybe I am living on rent. But it's free. In all of your heads...

... he said as he continued to throw darts at a picture of donald trump hanging on his bedroom door.

[warriorfan]

Maybe I am living on rent. But it's free. In all of your heads.

https://blacknerdproblems.com/wp-content/uploads/2014/10/Money-dance.gif

You are, while you are entertaining us like a clown.

Thank you for your service. :cheers:

[bladefd]

Again, that's great that there is an increase in wage just above inflation, but if they're overall bringing in less this year compared to the year before, or before or before, what good is it? That's not a win... it's another year the average american can afford less.

Wait, if wage growth is exceeding inflation, then that means folks are bringing in more money each year. It doesn't mean they are bringing in less each year. Think about it.

As for cost of goods being up due to inflation, I do wonder if short-term deflation would be good for the economy in bringing down the price of goods a bit to pre-covid levels.

[Off the Court]

... he said as he continued to throw darts at a picture of donald trump hanging on his bedroom door.

If you are upset about inflation, it should be you throwing darts at a Trump poster.

[Baller234]

If you are upset about inflation, it should be you throwing darts at a Trump poster.

democrats were the ones who fought to keep the lockdowns long and indefinite.

believe me, i wish orange face would have told them to go fukk themselves. but democrats were the driving force behind our utterly insane reaction to covid. almost as if they had a vested interest in doing so.

this is your fault. you and your covidian cult, which was really an anti-trump cult.

[Baller234]

the year is 2020:


braindead libs: "we have to save as many lives as we can! shut everything down!"

normal person: "you know this is going to destroy the economy right?"

braindead libs: "the economy isn't as important as saving lives! shut it down!"




the year is 2023, and braindead libs got the economy they wanted:


braindead libs: "don't blame us! this isn't our fault!"

[Off the Court]

In regards to inflation, it was the Cares Act spearheaded by Trump that kickstarted it. It doesn't matter what random nobodies were muttering back and forth.

[rawimpact]

Wait, if wage growth is exceeding inflation, then that means folks are bringing in more money each year. It doesn't mean they are bringing in less each year. Think about it.

As for cost of goods being up due to inflation, I do wonder if short-term deflation would be good for the economy in bringing down the price of goods a bit to pre-covid levels.

When I talk about bringing in, I am talking about goods. Bringing in money means nothing anymore with the rate of inflation the last 3 years.

[JohnnySic]

Anyone who defends the Biden Administration at this point is either trolling or has their head up their ass and out their mouth and then up their ass again.

[bladefd]

When I talk about bringing in, I am talking about goods. Bringing in money means nothing anymore with the rate of inflation the last 3 years.

Well, inflation has come down since last summer to like 3%. Its rent prices and the cost of oil that are still very high. Oil is primarily due to Ukraine war/OPEC+ pricing.

[rmt]

Making 5k more does not offset prices going up $5k - one has to pay FICA, federal, sales and in most states, state income tax. The NECESSITIES (food, fuel, housing) are disproportionately UP - I don't care about other non necessities (I can delay replacing clothes for a couple years - of course not feasible for kids) but I cannot do without food, fuel or housing.

[Patrick Chewing]

Making 5k more does not offset prices going up $5k - one has to pay FICA, federal, sales and in most states, state income tax. The NECESSITIES (food, fuel, housing) are disproportionately UP - I don't care about other non necessities (I can delay replacing clothes for a couple years - of course not feasible for kids) but I cannot do without food, fuel or housing.

Exactly. Off the Court is just playing dumb cause he doesn't want this economy to look bad while a Democrat is in office.

[Nanners]

Why would mortgage rates have any sort of effect on current homeowners? The standard now (and of the last 15 years) is 30 fixed so I’m not sure why there’s an insinuation that fluctuation in rates would hurt someone not trying to currently sell.

Are you seriously asking this?

If you have a 50k downpayment and can pay 2k/month toward a mortgage, when interest rates are 3% you can afford to mortgage a ~400k house... when interest rates are 7%(or more) like they are now, that same 50k down and 2k/mo can only mortgage a ~300k house.

When rates go up, the amount that home buyers can afford to borrow goes down, which depresses the value of all houses.

[Nanners]

Well, inflation has come down since last summer to like 3%. Its rent prices and the cost of oil that are still very high. Oil is primarily due to Ukraine war/OPEC+ pricing.

inflation is cumulative. If inflation on bananas is 10% one year and then drops to 3% the next year, that means the price of bananas went up 10% + an additional 3% of the new inflated price... which means youre currently paying ~14% more for bananas than you were 2 years ago.

meanwhile, despite the fact youre paying 14% more for bananas after 2 years of bidenomics, his tells you that "the economy is great because the inflation rate on bananas is actually down 200% since last year"... a talking point that is both technically true and able to trick dumbasses like yourself into thinking that the economy is good while they pay 14% more for the same product