Bowsite.com

The first leg of the economic stool cut off was them keeping businesses shut down for 18 months longer than necessary.

Then who comes to the rescue with the cure. printing trillions a dollars spiking demand with no supply.

Trump had ne real clue what the economy was going to do because he had NEVER experienced a world wide event that upset economies in virtually every country on the face of the earth, and neither had anyone else.

Heck he couldn't even manage the response in this country. And you can pass blame for that and make any kind of excuses that you want to for his failed response but ultimately it falls on his shoulders. he was the President.

And if you or anyone else thinks that he, or anyone else had a CLUE what it would/will take to recover from that you are more delusional than the content of most of your [posts make you seem.

Lots of folks have the gumption to work and do, and contribute just as much to the country as you do that DON'T agree with your nonsensical rants. Just like there are people who don't agree with me that positive contributions every day.

One of the differences being though that you and a few others have a condition that automatically makes you instantly begin to attack and belittle anyone who doesn't agree with you.

They count energy and food every time. The fact that you can't seem to find that information is telling. FYI, the number that includes energy and food is LOWER than the number that doesn't.

As of Wednesday, April 10, AAA’s national average cost for a gallon of gas is approximately $3.62, up from the $2.39 figure when Biden was sworn in on Jan. 20, 2021. That means the price of gas has risen more than 50% since the beginning of Biden’s presidency.

Waiting for the bowsite liberal spin on this

No they haven't. The average fuel price in January 2021, when Biden took office, was $2.39/gal. Today it's $3.62. Yes, that's a significant increase, but not "more than doubled".

Play both sides of the Hamas/Israel debacle,

pay for kids to get gender changing surgeries,

payoff the student loans of all the film majors working at Starbucks

and put in more solar farms that will be destroyed in the next hailstorm.

Who will the neocon puppetmasters swap out for Biden.....

“This can be attributed to a variety of factors such as global market fluctuations, weather events impacting crops and production, and political instability in key oil-producing countries,” said WinCap’s Collins.

Shelter costs, including rent and mortgage payments, continue to rise in many parts of the country, making it difficult for individuals and families to find affordable housing.

“This can be especially challenging for those living in high-cost cities or areas with limited housing options,” he said.

Indeed, the index for shelter rose in March, as did the index for gasoline. Combined, these two indexes contributed more than half of the monthly increase in the index for all items, according to the CPI release.

Specifically, the gasoline index increased 1.7% in March — up 1.3% over the past year. Meanwhile, prices for shelter were up 0.4%, up a whopping 5.7% in the past year.

As for groceries, they continue to be “a weekly shock for much of America,” said Launch That’s Kates.

In March, the food index rose 0.1%, a 2.2% increase over the past year, according to CPI data.

Meanwhile, prices for food at home — your grocery bill — are up 1.2% for the year. And in terms of food away from home — what you pay in restaurants — the index is up 4.2% for the year.

No, he's saying you can't do math if you think the current price of gas is more than doubled since Biden took office.

Does not matter. People can read all the charts and graphs until they throw up, and they still wont feel good about this economy.

But it’s good to see so many of the Bowsite Czars trying to help the bowsite minions stop seeing what they are seeing and feeling. Bless your little hearts for caring.

Remind me...which party gave the biggest tax rate reduction for the richest people in the country. Oh yeah, it was Trump and the Republicans. Middle class my a#%. They rig the system so the rich get richer. The rich got a lot richer with Trumps idiotic tax breaks with record deficit spending. Don't forget the Trump stimulus when thinking about contributions to inflation. And Trump wanted more stimulus $$$ but congress denied him.

No, I'm saying a 50% increase is NOT "more than doubled". "More than doubled" would mean gas has risen over 100%, which is hasn't. I know math is hard for some folks.

Gasoline reached $5.01

GG. I’ll let you clean up the details and those pesky percentages.

On another note it was good to have the Bowsite Social Issue Czar, Ks, chime in with his always valuable comments. A good day indeed

A smart hedge against this Liberal led economy might be for some of you to put your retirement funds in something pro Trump.... somebody you can trust.

Thinking DJT (Trump Media and Technology Group Corp)... "Art of the Deal" and all.... you can know your hard earned money is safe from the Libtards by doing this. They're too dumb to buy DJT.

Blue dog. Excellent idea. Going to be hard to implement but certainly an out of the box thinking moment.

Again, I don't vote for party. I vote for candidates. I'm not some low information voter who knows who they will vote for in every future election with no info on the issues. AKA Low information voter.

https://www.msn.com/en-us/money/markets/gas-prices-have-again-doubled-since-biden-took-office-despite-white-house-claiming-costs-have-fallen/ar-BB1loUsZ

As far as unions go. I look at them only as extortionist. And in case anyone is wondering. My wife is part of a union. As far as a union goes. I can't even hardly consider the union she is a part of an actual union. Not much in the way of negotiations and never a talk about strikes and none of these crazy 30% raises like you hear about. It's more of a formality where she works

KS do you think it will snow one more time in Kansas before spring breaks out strong?

"About as much as your struggles with anatomy grey ghost. Gut shot doesn't equal liver shot."

There she is...the x-wife dragging up old s#%t again lol. How about another peer review joke so we can laugh at your willful ignorance of science and facts. An x-wife is good for one of those?

Buy the way Orion, have you ever shot any animal and not recovered it? I have. It doesn't feel good. We have all felt it but YOU just have to go there. What a dbag to blast a fellow hunter for filling his tag legally. So have you been unable to recover an animal you shot? Enquiring minds want to know about how you have always hit exactly where you're aiming. I'd say the jokes on you because GG has an impressive elk mount. I'd call that a kill shot.

IMO you're exactly what's wrong with America. Lack of empathy, can't let the past go, and an unwillingness to find and accept facts and the truth. AKA willful ignorance.

Answer the question big mouth: Have you been unable to recover any animal you shot?

You can. There is still hope for you, good job

“The inflation rates for particular categories of goods and services can be, and often are, quite different from the overall headline inflation rate. The headline inflation rate is the weighted average of price changes of a wide set of goods and services, with the weights representing the relative proportion of expenditures spent on each category. The twelve-month inflation rates in December 2023 range from -14.7 percent for fuel oil to 20.3 percent for Motor Vehicle Insurance. Over this period, energy prices fell 2 percent (weight of 0.067), food prices rose 2.7 percent (weight of 0.13), and all items less food and energy, so-called core inflation, rose 3.9 percent (the weight of these core items in headline inflation is the remaining 0.80). What matters most for consumers is how the changes in prices affect their overall purchasing power. Different groups of consumers purchase different sets of goods and, therefore, face different inflation rates and price levels. The different inflation rates for different categories of goods and services mean that the reduction in purchasing power from inflation can differ widely across groups of people since people’s patterns of purchases vary depending upon a range of factors. For example, people who live in rural areas typically need to drive longer distances than urban dwellers, so gasoline prices make up a bigger part of their overall expenditures. Notably, the typical pattern of expenditures of poorer people differs markedly from richer people, with a higher proportion of spending by the poor on food and shelter. Furthermore, prices can differ across locations for the same types of goods, and where you shop can be as important as what you buy in terms of the prices you face. Consequently, there have been calls for developing price indexes by subgroups, for example, across the income distribution. The Committee on National Statistics of the National Academies of Sciences, Engineering, and Medicine recommends that the development of income-based price indexes should be a “high priority” for the Bureau of Labor Statistics. (p. 151) While the impact of inflation varies for consumers depending on their characteristics and the mix of goods they purchase, comparing a standardized basket of goods over a set period of time allows economists to gauge the state of price changes. Monthly inflation is typically reported at an annual rate by comparing prices in one month to prices twelve months before. Reported in this format, the inflation rate at a given point in time can provide information on whether production is in line with demand (as well as how consumers expect prices to behave going forward). When inflation rates are given for different lengths of time, it makes it more difficult to make these comparisons. For instance, in October 2023, a statement from House Budget Committee Chairman Jodey Arrington (R-TX) and a report from the Heritage Foundation noted that prices had risen by 17 percent since January 2021. The 17.1 percent inflation rate reported by Congressman Arrington and the Heritage Foundation is the percentage change over 31 months. The average inflation rate over this period was 6.3 percent. But this average masks large changes in the rate of change in prices between the beginning of 2021 and the end of 2023; from 7.6 percent over the January 2021 to January 2022 period, to 8.9 percent in the twelve months ending in June 2022, but subsequently below 4 percent at an annual rate in each month after May 2023. Wages, as well as prices, tend to rise over time. The relevant statistic for considering the change in people’s purchasing power is not inflation itself but the percentage rise in wages relative to the inflation rate. The Federal Reserve Bank of Atlanta calculates a wage growth tracker for overall median wages as well as for median wages by different levels of educational attainment, full-time or part-time workers, men and women, hourly workers, and workers in service industries. While inflation exceeded wage growth from the beginning of 2021 to the end of 2022, the period since then has seen wage growth higher than inflation (see chart). The increase in median wages was 16.2 percent over the period 2021 to 2023, roughly corresponding to the period of a 17.1 percent increase in prices cited by Representative Arrington and the Heritage Foundation. This means that the shortfall in purchasing power due to inflation was 0.9 percent. What this Means: When inflation is coming down, but is still positive, prices will continue to be higher, albeit at a slower rate of increase. All else equal, this would erode people’s purchasing power, but wages tend to rise with prices and living standards increase over time – one indicator of this fact is that real (price-adjusted) national income per person was $67,036 in the third quarter of 2023 (expressed in 2017 prices), six percent larger than its value of $63,227 in the first quarter of 2021. Of course, this aggregate measure does not take into account the distribution of income across different groups. Wage growth across groups varies, as does the cost of respective baskets of goods and services. This is prompting serious study of inflation across income categories and age groups, which is important for gauging relative prosperity as well as properly adjusting benefits to keep up with the cost of purchases. The good news is that inflation is coming down. This is somewhat tempered by the fact that prices are high – but for many people, wage gains soften this

In plain English. Stuff still costs 19% more than it did before Biden

or Fauchi- who leaked the Covid virus then covered it up....

Her Committee assignments Committee on the Judiciary. Subcommittee on Crime, Terrorism, and Homeland Security. Subcommittee on Immigration and Border Security. Committee on Homeland Security. Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies. ... Committee on the Budget.

Here she is instructing students about the moon- hilarious except Dems put her in important positions.

Altitude Sickness copies and pastes a lengthy quote, which includes the information above, but his take away is this:

"In plain English. Stuff still costs 19% more than it did before Biden"

Classic Bowsite reasoning. LOL.

Who elected him ?

who among us hasn't benefitted from the cash for clunkers program too.

Strike that. Everyone can see the dbag you are giving another hunter for harvesting and animal legally. Point made. You are the worst of us.

Nobody said that, and you know it.

I don’t need a chart that my 2 year old grandson could make in Excel.

Materials and labor costs eat up the margins. More money is coming in of course. But it’s being handed over to suppliers.

So yes some employees have seen their wage go up. The main driver is the federal government paying people to stay home, two to three years longer than necessary

That drives the entry-level position cost up and then the next tier wants a raise and the next tiers all want raises.

Once again.

The government

The Cause and Solution. In one convenient package

Huh? What do margins have to do with anything? Margins are not wages.

Every business I've owned, or worked for, passed on higher material and labor costs to their customers to maintain whatever margins they needed. That's kinda how businesses work, and how inflation happens. You can continue to blame all of that on the government if you want, but that doesn't make it true.

But other materials are absorbed. not all industries can just pass on the cost.

If you’re dealing with one small customer, it may be easy to write in if my materials go up the customer paying for it

If you bought something for $1 dollar in 1980, that same item would cost $3.79 today. So, what's your point? Do you honesty think inflation is unique to the last 3 years? I remember when inflation was over 40% in a 3 year period in the late '70s and early '80s. The world didn't end then, and it won't now. But, feel free to continue your Chicken Little hand-wringing. It's pure entertainment.

Of course not. I've never said that, nor implied that.

What I have said repeatedly is the current high inflation is due to multiple causes, most of which are related to the Covid pandemic. Covid caused people to spend less and save more. Savings rates were at all-time highs during that period, and were compounded by government stimulus. When covid restrictions eased, people began spending more again, but companies couldn't keep up with the increased demand because they had reduced production and had continuing supply chain problems. On top of that, the Ukraine war, and resulting import sanctions on Russian oil, put a severe strain on energy prices which made supply chain issues even worse. The result of all of that caused higher prices across the board. Government stimulus certainly played a role. But, we all know the current administration wasn't solely responsible for that, and it wasn't the only contributing factor.

Biggest take-a-ways from this thread to me are that people struggling want someone to blame, and some have no problem telling others that they aren't actually struggling.

Do you honestly think it is pure coincidence that inflation has soared since the Biden administration took charge?

We need a video montage of politicians sitting in restaurants while the peasants were forced to wear mask while outside.

Pastors being arrested for holding church services. Gym owners business losing their licenses. bank accounts being froze for businesses refusing to keep their doors closed. or trucks off the road

It’s Amazing how people have already forgotten what really put us here.

As inflation is very much a lagging indicator. I'd argue Trump's stimulus payments and his tariffs have done just as much to contribute to inflation as anything Biden did. Hell, from a monetary perspective, Trump encouraged the Fed to take rates to negative prior to the pandemic (thankfully they didn't listen). At the end of the day, neither man can nor did much to change the economy.

This is another cause and effect of the feds, sticking their nose in the free market.

Instead of dealing with the root cause, (that institutions are jacking the prices up because they know the government will allow loans that should never be given in the first place. )

Borrowing $200,000 for a degree you will never recoup those loan dollars is typical federal irresponsibility. just in what caused the housing collapse

so instead of dealing with the root cause, let’s just keep incentivizing bad loans and paying learning institutions far too much.

But remember presidential policy does not impact the market

Our very own stock wizard Shawn says it's good until Nov 5 at least. Trump himself said it is doing great! Load up guys.

Some quotes from those in the know.. One user urged conservatives to "get behind the DJT stock and sent it over $100 per share" to "drive the liberals insane!" Another declared: "Get yourself a piece of #DJT stock if your a true MAGA supporter."

On Monday, Trump told reporters that "Truth Social is doing very well. It's hot as a pistol and doing great." On Tuesday, he posted "I LOVE TRUTH SOCIAL, I LOVE THE TRUTH!," on the platform. A day earlier, Trump Media CEO Devin Nunes, a former Republican congressman, said that going public will allow the company "to build a movement to reclaim the Internet from Big Tech censors."

Translation: “I’m going to get my pistol and shoot anyone that doesn’t like me.”

C’mon Dana, we can’t let him continue to threaten the lives of the American people. Let’s get an indictment! Lol!

Everybody else is shorting it

I tried to short it a week ago. My brokerage (Fidelity) wouldn't let me.

Just enough in case it rebounds I’ll make a little money. but not enough to hurt

I always play enough to make it worthwhile though. No risk no gain... no guts no glory and all.

I know sometimes with low priced stock they do a pump and dump... is that what is happening here? Thanks in advance.

Those that continue to regurgitate the Biden talking points.

As for your article, Jay, economist have been predicting a market crash for well over a year. It still could happen, I guess, but I'm not betting on it.

The people that ran out of Covid money started maxing credit cards out. They now have no cushion.

The more negative predictions are many people are about to lose/give bank to banks. Toys of all sorts and homes.

I hope that does not happen. Those that think a collapsing economy is good politics to rid ourselves of Biden.

Seems like Clinton's Treasury Secretary and Obama's Director of the National Economic Council puts the blame for rampant inflation on Biden where it should be. Biden is addicted to spending since he cares more about his "legacy" compared to Obama's then he does about the country. But don't worry like you Democrats promised the Inflation Reduction Act will kick in any day.

Funny how the left claims that they are fixing problems, yet the problem’s don’t get fixed, and it still costs us taxpayers a fortune to ignore it.

The more negative predictions are many people are about to lose/give bank to banks. Toys of all sorts and homes.

I hope that does not happen. Those that think a collapsing economy is good politics to rid ourselves of Biden."

Lots of Razors, Campers, Boats and other toys for sale down here in my part of the state. Guessing most of these were bought with stimulus money but now they can't afford the payments

I worked 7 days a week for years while those around me worked 5 days and called me a company boy. But yet when tradegy struck those 5 day a week people out came the donation jar. I never donated once.

Not everyone can be a winner. Some people have to lose so those of us that know how to play the game and play by the rules can win.

Similar to Solyndra solar slush fund.

Green energy scam that was funneling money back to the democrat party. Solyndra served its purpose. Then they pumped and Dumped

Good article on the increase in electricity and the billions that just got dumped into green energy

The Democrat defenders here won't like it as it shows Biden-flation hit 18% in 2022 when using the 1983 inflation criteria. [thats one way to look better- change the criteria]

I think it's interesting how the powers that be have changed the interpretation of the factors involved- and what's important....and that doesn't even account for the current BLS 'Seasonal Adjustments" or in other words....we are going to change this number to suit our needs as they did in the recent report with gas prices.

In the study...they of course downplay the manipulation of these factors- wouldn't want to have the IRS auditing them I'm sure. It's a thoughtful study...and there is a good breakdown by income quintile which frames the question differently for each segment of the population.

From the study; Bolhuis et al. then went on to see if they could recalculate the official CPI numbers using a pre-1983-like formula that incorporated the cost of mortgage interest, auto loan interest, and credit card interest on the cost of living. They found three things: first, that the pre-1983-like formula led to a dramatically different estimate of inflation in 2022 and 2023, peaking at 18 percent in November 2022.

Second, they found that consumer sentiment—as measured by the widely-used University of Michigan Index of Consumer Sentiment—correlated much more strongly with the pre-1983 CPI formula than it did with the modern one that excludes interest costs.

Third, they found these differences to be also true in Europe: higher interest rates were correlated with lower consumer sentiment, and vice versa. This was an important finding, as some have suggested that the gap between American consumer sentiment and the official government statistics is a result of Americans’ mistrust of institutions and mainstream sources of information. “We find little evidence that the United States, despite its rising partisanship, social distrust, and large reported levels of overall ‘referred pain’ differ meaningfully” in their economic perceptions from those in peer nations.

(then this which explains a lot) There are other obvious problems with relying on the declining rate of official (current) CPI inflation to gauge what consumers should be feeling. Inflation is cumulative; a decline in the rate of inflation does not reverse the price increases from previous years; it simply means that prices are now rising at a slower rate.

It’s a little late. But at least he did it. And deserves credit for backing our partner in the region.

Take, for instance, the latest jobs report. For the third month in a row, the American economy added significantly more jobs than most economists had been expecting—a total of 303,000 for March. On its face, that’s a good number.

But as Ryan McMaken laid out over the weekend, things don’t look as strong when you dig into the data. For instance, virtually all the jobs added are part-time jobs. Full-time jobs have actually been disappearing since December of last year. In fact, as McMaken highlighted, “The year-over-year measure of full-time jobs has fallen into recession territory.”

Also, most of these new part-time jobs are going to immigrants, many of whom are in the country illegally. There has been zero job creation for native-born Americans since mid-2018. While immigrants are not harming the economy by working, the scale of new foreign-born workers has papered over the employment struggles of the native-born population.

Further, government jobs accounted for almost a quarter of those added—way above the standard ten to twelve percent. Just like with government spending and economic growth, government hiring boosts the official jobs number while draining the actual, value-producing economy.

Millions spent on gender reassignment in our US Military using our tax dollars. Creating democrat voters $1 million per.

Man spoke up and said....."i don't care for Trump, but when he was in office and i got tired of listening to him, i just shut off the TV and all was good.

Biden is in office, i can turn off the TV and the clown STILL EFFECTS ME!...every time i get gas, buy groceries, or see all the immigrants, gun control you name it...guy is no good"

pretty well sums it up.

Joe Biden promised his $1 trillion Inflation "Reduction" Act would lower inflation. The reality? Inflation is rising and the cost keeps climbing, now over $700 billion.

The Inflation Reduction Act Price Jumps From $385 Billion to Over $1 Trillion, Mishtalk.com has the breakdown in an article by the same name

Biden’s energy policy has been an inflationary disaster. And make no mistake, the IRA was nothing but his horribly flawed climate policy.

Biden is following the flawed Democrat run California model where we buy power at night from other states at breakneck rates.

From the WSJ commenting on Bidenomics Inflation Reduction Act ( Ha!) Do White House officials pay electric bills? They strangely keep saying the President’s climate agenda is reducing electric-power rates even as the cost of running your dishwasher is sky-rocketing, as illuminated by the Labor Department’s consumer-price index.

By our calculation, electricity prices have increased 13 times faster under Mr. Biden than across the previous seven years. His policies aren’t entirely to blame. But most of it is a result of the left’s climate agenda, and the price increases will get worse. Federal regulations, renewable subsidies and state green-energy mandates are forcing fossil-fuel and nuclear plants to retire prematurely. Solar and wind need backup from so-called peaker gas plants, usually at a hefty premium. During power shortages, spot prices can hit $10,000 per megawatt hour compared to $30 to $60 on a normal basis.

Before BEG corrects me, Bidens actual statement was, prices are up…but inflation is down. ( Ha!)

He will have to be bold enough....arrogant enough....and tough enough to stand the pressure from the pretty boys in 3 piece suits filling their pockets.

We need fuel prices to go back down at the pumps, food prices to go down, heck everything needs to come down!!

you might not like him...fine....turn your TV off and don't listen..... then just appreciate the lower prices.

Israel can be thankful that Republicans did not listen to Senator Biden when he was completely opposed to any missile defense system and Star Wars

And exactly how do you think a POTUS is going to do that?

Might be possible..... DJT stock has certainly come down nicely since Trump started pumping it. Why not other things also if he can run things again?

One of my favorites:

When something goes wrong at the circus, the circus brings out the clowns to distract the audience. Well, something has gone terribly wrong with this circus and the clowns are everywhere !!

Including the BS Clowns

In real battle the high ground has value. If the other team has it.. fighting uphill is only way to take it...

War has changed with electronics, drones and missiles- its become a drone war. Ukraine abandoned many of the US drones due to being ineffective in combat. The Chinese are way ahead of us on drone technology AND low cost production. We need to get with the program.

Who gets a warm and fuzzy with wrong way Biden in there watching our backs?

12yards, they largely don't have an answer to the problem. As GG pointed out, the rub is that generally speaking (there are exceptions, which I'll touch on), deflation is a sign of a weakening economy. So to really lower prices, you have to crater the economy.

Now it is possible to see price decreases from supply side shocks (productivity gains, reduction in input costs, etc); but (1) these generally are isolated to specific industries or sectors and generally happen slowly over time and (2) much of the core Republican platform like closing the border and raising tariffs are antithetical to reducing input costs. There are minor things that can be done, but they won't move the needle substantially (I don't put much faith in either party to cut gov't spending).

So in short, there's a reason you haven't seen a good answer from the Republican party - because they don't have one. And had Trump won the last election, it's highly likely we'd be exactly where we are right now with respect to prices and inflation.

Spot on, 12yards. From a fiscal standpoint, the federal government would need to reduce spending (don't count on it) and increase taxes if they want to counteract inflation. No guarantee that this actually would bring prices down, but it is certainly anti-inflationary. That is certainly not what we got with Trump. Like I said, couple that with closed borders (inflationary) and more tariffs (also inflationary) and it doesn't really paint a rosy picture for things being any different.

So I would suggest to you like I do all my friends, vote Libertarian and then it's not your fault for anything that comes from the election The ultimate fence walkers, with no blame attributed to them in any way.

Mayorkis is distributing Pamphlets through one of the NGO's to illegal immigrants coming through Mexico essentially telling them that once they come through, they need to find a way to vote for Biden to keep the border open for another four years.

link has a photo of the pamphlet and investigation by the Heritage foundation ....but of course the politically corrupt FBI and DOJ will never investigate this so the Dem voter base will claim conspiracy and remain in 3 blind mice territory.

RK, it doesn't honestly matter if I vote libertarian or republican in my state. We are hopelessly on the leftist course here in MN.

I get that you are in denial...but this is the political party you are defending.

Here is another example, try to deny this one as its coming from the AG in Ca;

California Attorney General Rob Bonta and SOS Shirley Webber are suing Huntington Beach over new Voter ID measures that the city implemented after voters overwhelmingly supported it.

The new law will make ID mandatory to vote, increase in person voting locations, and monitor drop boxes. The democrats claim this will burden low income voters and voters of color, but also say that they already have robust ID laws in place. --------- Why would the democrat politicians in California sue a city for securing their elections?

Ignorance is bliss I guess. This is a prime example of the true derangement syndrome.

I have no idea if the story on future illegals getting those particular flyers is true or not. It certainly would not be the first time. We used to see flyers like those in the personal items that illegals that we either detained on the ranch or that we found deceased on the ranch had with them. I can tell you that the office in Matamoros that is on the flyer is real office located in the business district just across the border from Brownsville Texas. It's located next to the Aduana (customs) office, and the United States Consulate Office, Garcia's restaurant and Farmacia Guadalajara in Matamoros That office helps future illegals with paperwork they might find useful when they cross over into the Estados Unidos

I was planning to go across the border at Nuevo Progresso next Monday but this story has peaked my interest so I think we will go across at Brownsville and I'll go by that office and see what propaganda they are passing out. Lunch at Garcia's will be as good as Ponchos in Progresso.

If they are passing those out I'll get some and bring them back as souvenirs for those that want them. We will see

Have fun in Mexico. I'll be down there in a few weeks myself.

Headed south for some blue pills eh?

Hardly. This ain't the 80s no more, Shawn.

Oh, oh, don't forget the cyber ninjas

I dunno... not a expert at stock market stuff... can't say if he's right or not. It'd just be opinion

GG. If you use my method and take nobody seriously on the , you will never have a worry in the world while visiting here.

Thanks anyway

And it is that in spades

Blue dog. Come on man. Free some cash up!!!

no idea what is going to happen with djt...no intention of investing in it unless one of my growth funds sees it as an opportunity.

having said that...i remember when they used to say the same thing about amazon.

If you want your job numbers up just hire more government employees

Good point, Ricky. If you invested in Amazon 20 years ago, you'd be up over 8300% today. I see no reason why that couldn't happen to DJT stock. Better get in now, fellas. Could be life changing.

Everything i mean just about everything was cheaper. They could have just turned off their TV and not listened to his mouth, paid no attention to his tweets and enjoyed a good economy.

But noooo......We are gonna fix him ! Vote for Biden and the democrats....Now they pay more for everything.....So when you pull up to the pump, go to the grocery store and pay more for everything.....just remember......you really fixed em huh? I mean your Soooo much better off paying almost 4.00 a gallon for fuel, compared to 2.39....yessir you really fixed em.

Also telling is confusing the ability to look at data and statistics on a massive machine like the broad US economy with a lack of compassion for individuals who may be struggling.

No different than the person who ignores the statistical rarity of events like mass shootings and instead argues “tell that to the people that were murdered” as they try to lobby for more gun control.

We shouldn’t confuse logic and reasoning with a lack of compassion.

Everybody's shouting, "Which side are you on?!"..."

I’ve read a lot of posts on here, and obviously made a few. I haven’t seen one person suggest that.

The real lack of compassion is from prosecutors and judges that continuously release violent offenders and mentally unstable people to go assault or kill other people. It’s happening over and over again. That’s lack of compassion for the average citizen that ends up being another victim in an entirely predictable pattern of violence.

Adding another gun law when all the other laws are being ignored is not going to change a thing except throw up another barrier to legal lawful gun owners.

Link is to Twitter and a thread of videos from Oakland, Ca- Democrat run for decades. Take a look and see what you get with decades of Democrat policy. Its disgusting.

This is the city that lost the Warriors and Raiders…and soon to lose the A’s. Kaiser hospital advises their employees not to leave the building for lunch. Many businesses closing inc Home Depot and the very successful In and Out Burger- not safe. Oakland defunded police…just like they did recently in Colorado- these Democrat idiots never learn from their mistakes.

What do you believe. Biden the serial liar that makes stuff up about his relative almost being eaten by cannibals (every part of that story a lie) …or video evidence of their policy like here in Oakland?

What can one say about the IQ of you folks that keep defending Democrat policy?

"bluedog" is obvious..... every old timer here knows it

Sadly, these people lack the resources to fully prosecute, and with jails already overcrowded, it's getting harder to incarcerate people who need to be locked up. So a lot of cases get plea-bargained down to a minimum. State charges are pressed but federal gun law charges are not. Piss poor allocation of our tax dollars imo.

More misinformation from Bruce. Colorado didn't defund the police. Denver recently reallocated $8 million from the police budget, but that was after spending a record $611 million on the police department in 2023, which was $43 million more than 2022 and $130 million more than 2021.

Years ago the powers at be decided to phase out long term institutions for violent psychiatric patients because they felt it was cruel and not humane.

What is cruel and not humane is to turn these people loose out on the streets to become homeless , drug addicted, and a threat to the public at large.

Use the billions and billions that are thrown at the homeless with no real tangible results to build facilities to keep the violent and drug addicted people in. People can be declared legally incapable if they are a threat to themselves or others. Build more prisons. Most people would gladly see their tax dollars go for something like that that would help keep them safe rather than be spent in some nebulous way to “help the homeless “ that has only appeared to make things worse. I think it was California that spent something like 20 Billion dollars in last few years on the homeless but can’t seem to produce any records of where the money actually went.

You continue to dance around it...and ignore the big picture. How about 7+ million illegals GG?

How many times have we heard from Democrats that there was no funny business in the elections...and that Illegals cannot vote? Thats a bald faced lie...

Paragraph- below- from the AZ Sec of State website [at link] ALLOWING ILLEGALS TO VOTE IN FEDERAL ELECTIONS. No proof of citizenship Required. ____

An eligible registrant who does not submit DPOC and whose U.S. citizenship cannot be verified via AZMVD records or other record in the statewide voter registration database is registered as a "federal-only" voter. A "federal-only" voter is eligible to vote solely in races for federal office in Arizona (including the Presidential Preference Election (PPE) ) . ______

Thats straight from the Az sec of state....dance around that GG.

Dance around that, Bruce.

So, you’re saying, where it came from, and where it went, are of no concern to the American people?

Defund…reallocate…? The terminology used to describe it doesn’t make it any easier on the the ones that are losing it.

I don't need to dance around that one, either, Bruce. The Supreme Court ruled in 2013 that it was unconstitutional for Arizona, or any state, to require documentary proof of citizenship in Federal elections, beyond just checking the citizenship box on the ballot. Had you done more research than just hunting for biased headlines, you would have been aware of that too.

Nope. I never said nor implied that. What I stated were just facts. Denver pulled $8 million out of the police budget this year, after exploding the budget to $611 million last year. But, of course, you won't read that second part in any biased far-right wing news reports.

And, yes, the $8 million they pulled is now part of a $45 million budget to deal with the influx of migrants to Denver. I don't like it and I don't support it, I just get to help pay for it, sadly.

Now your politicos solution is to take money away from other programs that benefit the working citizens- to give freebies to Homeless and Illegals. Thats the big picture- no matter which way you slice it.

you jump around to much without doing your due diligence Bluedog is a warrior, like you. Different times different war but a bad ass nevertheless.

If you think I love our Dem politicos, you have worse reading comprehension skills than I thought. I didn't vote for any of them. But keep trying label anyone who calls your BS out a liberal. It's telling.

From the RFK for president website; “At every opportunity, the Biden administration abuses its rulemaking power to force a radical climate agenda down Americans’ throats. The Senate should move quickly to correct the SEC’s misguided regulation, which will cost companies billions of dollars to comply with and will force investors to prioritize politics in their decision making,” said Kennedy.

In March, the SEC finalized its rule titled, The Enhancement and Standardization of Climate-Related Disclosures for Investors. If Congress does not block it, the rule will soon require more than 7,000 American companies to make climate disclosures. The move will cost companies across the U.S. economy billions of dollars in compliance efforts.

“The SEC’s final climate disclosure rule threatens economic opportunity across the country, and it must be overturned. Over and over again, SEC Chair Gensler has disregarded the real-world impacts of his aggressive regulatory agenda in his dogged pursuit of left-wing political priorities. This rule is no exception. The SEC’s mission is to regulate our capital markets and ensure all Americans can safely share in their economic success—not to force a partisan climate agenda on American businesses. This rule is federal overreach at its worst, and the SEC should stay in its lane,” said Scott.

Background:

Under Chairman Gary Gensler, the SEC is implementing an aggressive regulatory agenda and has proposed MORE THAN 60 RULES that are on track to be finalized.

In Sept. 2022, Kennedy questioned Gensler about the cost of compliance of the SEC’s climate disclosure rule in the Senate Banking Committee. Gensler admitted that the rule would cost BILLIONS OF DOLLARS across the economy to implement. ________

All passed on to us, the consumers in the form of higher costs....

Oh but the Dem excuse makers claim the president can't cause inflation- Ha, just one more thing the Dems did to make it worse.

Not going to tolerate much nonsense by supposed patriots.

Ummm, assuming you're not referring to the Senator from Georgia, *J*FK has been dead since 1963.

Typical example of how accurate your bullshit is, Beenduped. Maybe you could sober up before you post again?

I do give a damn about those that served and paid the price

Maybe someday you and I can get together and reminisce about our days serving in a war zone.

Yep that won't happen

You have to many emotions based on what you perceive.

Both are bad ass warriors.

Just fantasy stuff here. never happen ;)

Millions spent on gender reassignment in our US Military using our tax dollars. Creating democrat voters $1 million per.

"The sanctuary city's progressive Mayor Mike Johnston unveiled a budget proposal on Wednesday, allocating $89.9m to assist undocumented migrants"

Facts on the Bowsite are going the way of genders in college sports, so fluid....

make no mistake...im no fan of most of what this administration has done but isnt "further pressure on the housing market" what is needed right now?

ridiculously low mortgage rates or reasonable housing prices...pick one. you cant have both...at least not for long.

ironic yes...unexpected...not really.

its like the political equivalent of stockholm syndrome.

Someone wanna tell me how?

Regarding the Inflation Reduction Act, while it certainly isn't going to do what it's name claims, I haven't seen any data suggesting it has contributed in any meaningful way to prices. Feel free to post up actual data.

But you also didn't answer the question, what would Trump have done to lower inflation and keep interest rates low, spike? Curious as well, what Biden policies do you credit for lowering inflation from 9% to 3%? Seeing as his policies apparently led to high mortgage rates, stands to reason by y'alls logic his policies must be responsible for lowering inflation too then, no?

Lots of ways to estimate it, but in short it's largely based off of history matching economic models and then running forecasts assuming different inputs to measure the impact and sensitivity of those variables.

Really ???

What they know is they’re paying more and getting less and that is the bottom line of what they care about it .

Which is why only about 26% rate the economy as good or excellent, 23% fair, and 51% poor according to recent NYT poll . Biden owns it as President. He even proudly proclaimed it Bidenomics.

You completely missed the point. Spike asked how any one could possibly estimate the impact of shocks - such as stimulus - on inflation. I said people do this all the time with economic models. I'm talking about people who do this for a living, not your average joe. With that said, it would behoove people to understand the work people are doing to estimate these types of things - they'd realize their statements like "stimulus has had a huge impact on inflation" are complete BS if they did.

But tell me, Nyati. Since you posted about Biden's policies and mortgage rates. What would Trump have done to prevent the Fed from having to raise rates?

Econ commentary from Bloomberg; Commenting on the data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said:

“The US economic upturn lost momentum at the start of the second quarter, with the flash PMI survey respondents reporting below-trend business activity growth in April. Further pace may be lost in the coming months, as April saw inflows of new business fall for the first time in six months and firms’ future output expectations slipped to a five-month low amid heightened concern about the outlook.

“The more challenging business environment prompted companies to cut payroll numbers at a rate not seen since the global financial crisis if the early pandemic lockdown months are excluded. ——— The commodity and wage inflation is getting worse…..it would seem rate cuts are off the table. I’m no econ expert but it looks like a slow grind downward. Hopefully the current admin is not pulling a Lyndon Johnson and trying to start a war to pump the economy.

This country is such a mess…no one person can solve it all.

Dem policy created the crime issue with no cash bail, defund the cops, letting thousands out of prison and no penalty for shoplifting. Not one of you Democrats here have admitted to any of that…..or are willing to admit you are part of the party responsible for massive illegal immigration and the crime, murder and drugs that goes along with it.

No, instead they pick at minutia…semantics….a few cents on gas prices oblivious to the big picture that the Dem party has changed into a cancer just like the big cities they rule.

It will be a Herculean effort to fix the US and put the lid back on the Pandora’s box the DNC has opened. …I can’t even imagine wanting that job.

“I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 for a couple,” Trump said in the video."

That's not how I remember it lol.

Where would it be now then?

Newly unsealed documents in Donald Trump's classified documents case reveal that the Biden White House colluded with the National Archives (NARA) and the FBI to concoct a case against the former president. The link has a link to the actual Government documents.....the political corruption is off the chart.

I can't imagine having the entire federal government- including the FBI- conspiring against me. ...then the judge forbidding Trumps defense from trying to discover the corruption.

One of our competitors that has a crane fleet built to service wind tower erection has only 3% of there fleet rented out right now. So much for Biden’s green new deal providing jobs.

You have no idea the magnitude or the impact of these policies...yet you know it would be "worse." Got it.

Here's a question, have Trump's tariffs added more or less to inflation than Biden's policies? Why aren't pointing them out when discussing prices and interest rates? How about the spending on additional border measures?

Economists believe inflation is the result of an increase in the amount of money relative to the supply of available goods. While high inflation is generally considered harmful, some economists believe that a small amount of inflation can help drive economic growth.

A large influx of money when supplies are low (supply chain crisis) is the likely cause of the rapid rate of inflation that we experienced. That really is basic economics knowledge. Some federal spending was good and needed during pandemic and helped economy. Continuing federal spending overshot the pendulum swing which lead to higher inflation.

Outdated ? Appears pretty spot on to me

“We find that excess inflation is significantly correlated to each country's own domestic stimulus and to various exposures of foreign stimulus. A back-of-the-envelope calculation suggests that U.S. fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points in the U.S., 2.3 percentage points in Canada, and 0.6 percentage points in the United Kingdom.”

Full report linked above.

“Outdated ? Appears pretty spot on to me”

I said monetarism is outdated. No central bank is using monetarism to set policy. They have instead turned to managing short term interest rates and the supply of money has taken a backseat with respect to monetary policy. So tell me why monetarism is spot on.

“Presidential Inflation rate”?? Should be called “the most meaningless table ever” instead.

It's 'interesting'. By two of four measures (food and rent) Obama was better than Trump. By one measure (energy) Clinton stomps the field. But energy seems to swing far wider than others.

Reminds me yet again of the old saying - “There are three kinds of lies: lies, damned lies, and statistics.”

The first leg was when Biden and has acolytes kept schools and businesses shut down 18 months longer than necessary. Crippling the supply side. (Only an emerging revolt opened the economy) Biden had to be forced by polls.

Gavin Newsome, Gretchen Witmer, the teachers unions. The CDC all own a share in crippling the supply side.

Then they throw cash in everyone’s hands while there isn’t enough product to purchase with that cash. that’s how inflation happens.

so to now to act like politicians had zero impact on inflation is either ignorant, or ignoring the truth.

I don’t know that I’d call weak energy prices “stomping the field” either - low inflation could be a sign of weak demand, slow economic growth, etc. The singular cumulative number also leaves out a ton of context. Oil prices under Clinton fell to historic lows, before massively increasing over the latter half of his presidency (none of which had anything to do with Clinton himself). Inflation was low under Trump because of global economic slowdown driven by the pandemic - hardly something to hold up as accomplishment. Again, it’s basically the most meaningless table ever.

I still maintain that Biden and the democrat house and Senate ended up spending too much in the end. Prolonged lockdowns with businesses and schools by teachers unions prolonged the recovery time longer than it needed to be . Maybe if people had of been allowed to get back to work the supply chain issues wouldn’t have been as bad which led to more inflated prices

Businesses and schools weren't shutdown for 18 months. And most of the shutdown period was under Trump's watch. But that's meaningless because the States were responsible for the vast majority of shutdowns, not the federal government.

Nobody is saying stimulus didn’t contribute to inflation. What is important is the magnitude of contribution, and as you rightly point out, it’s about whether on net it was better or worse for the economy. All I see here though are people blaming everything on Biden. It’s an intellectually shallow argument.

“Maybe if people had of been allowed to get back to work the supply chain issues wouldn’t have been as bad which led to more inflated prices.”

It’s easy to look back in hindsight, and I certainly don’t disagree with the notion that the pendulum swung a bit too far. With that said, the supply side issues were on a global scale and I question whether there’s much policy here that could have meaningfully addressed that. Further more, there was much more to the COVID response than federal policy - local and state government, corporate policy, individual free will, etc. To suggest that it all rests on the federal level is fairly narrow minded IMO and underscores the fact that recovery was always going to be slow and complex.

isnt that a little disingenuous? the "global pandemic" wasnt even a thing until the last year of trumps presidency. what happened in the 3 years prior?

Large cities such as NY, LA, Chicago, DC, etc mostly tend to be run by democrats and simply by size and population base have more effect on national economy than a mid size Midwestern town . I would argue that the continued lockdowns in those areas extended the negative economic activity of the country longer than it needed to be.

Florida was ROASTED by the left for lifting bans early and in hindsight was probably the right approach. Again, with the stipulation of hindsight.

The reality is a bit more complex than that. Mandates and shutdowns were lifted at the state level. The gap was filled at the local level. Even when the state suspended the local regulations in 2021 it didn’t prevent private businesses from putting restrictions in place. Again, the story is much more nuanced than “Florida ended restrictions earlier.”

i get that.

i was simply pointing out the fact that your statement about inflation being low under trump "because of global economic slowdown driven by the pandemic..." was more than a little disingenuous.

“Bloomberg reported that more than 3/4 of poll respondents say Biden is responsible for the current performance of the U.S. economy, and almost half said he was "very responsible.”

Regardless of how you feel about it or how I feel about it , it appears that the majority of Americans polled feel Biden is responsible for current economic conditions. We can debate whether polls are accurate or inaccurate but that’s all we have to go on at this time.

I also haven't seen anything that suggests that red state recovery unequivocally faired better across all sectors (health safety, jobs, economic growth, etc). I'd postulate the recovery is much more complex and has been driven by factors far beyond the timing of reopening.

Not surprising that the majority of Americans blame the economy on the President. I think the majority of Americans likely don't have much of a background in economics to know any better and are likely regurgitating what their favorite politicians and politicos are saying. It doesn't make them right.

Businesses were not being threatened and licenses pulled by democrat governors?

And my point is if your conclusion is the "economy is not doing well" because of a few metrics - metrics that tell a mixed story - then you are not very economically savvy. The labor market remains strong, GDP growth is still strong, inflation has been trending positively over the last two years, the stock market is strong, earnings are strong, real wages are growing, consumer spending remains strong, consumer sentiment is improving, etc etc etc. I can go on and on. And even on the inflation front, again, if inflation is being driven by demand this is a sign of a healthy economy.

Yes, the last few percentages of inflation have been stickier. Yes, people obviously are going to feel the cumulative impact of inflation, particularly as wage inflation - while catching up - have lagged prices. But to say the economy is not doing well is a gross misrepresentation.

So no, maybe a person doesn't need an IQ of 150, but if these are the kind of conclusions being drawn, they aren't very economically literate.

And logical, reasonable people would understand that inflation and prices aren't the end-all, be-all when it comes to the health of the economy. And perhaps they shouldn't rely on their own eyes if they can't appropriately put the information in context. It would behoove them to listen to others more qualified to speak on the subject.

That's words straight from the mouth of a person that is "more qualified" to do that job than about anyone. And we got told lies straight to our face.

I'm talking about people assessing the health of the economy, not our national response to COVID. I see far more individuals and institutions saying our economy is healthy and on the right track than the alternative.

For example:

Goldman Sachs: "The US economy defied recession fears in 2023 and made substantial progress toward a soft landing. The key surprise has been much stronger than expected GDP growth, though this has not prevented the labor market from continuing to rebalance or inflation from continuing to fall." - "2024 US Economic Outlook: Final Descent" https://www.goldmansachs.com/intelligence/pages/gs-research/2024-us-economic-outlook-final-descent/report.pdf

"Goldman Sachs is upbeat about the economy this year. Its economists see healthy growth of 2.3%, unemployment staying below 4%, and the probability of recession at just 15%—all more optimistic than the consensus. And they see inflation, excluding food and energy, continuing to fall, to a little over 2% (using the Federal Reserve’s preferred measure) by year-end." "Goldman Sachs’s Chief Economist Has Nailed Big Calls. Here’s His Next One." https://www.wsj.com/economy/goldman-sachss-chief-economist-has-nailed-big-calls-heres-his-next-one-84122b35

Deloitte: "The US economy continues to surprise to the upside. Despite persistent fears around high interest rates, high inflation, slowing growth, and unsustainable consumer spending, the economy continues to deliver month after month. It is looking increasingly as though policymakers have managed to create the conditions for the mythical “soft landing,” where inflation is brought down to target without causing a recession.

Deloitte’s baseline forecast remains optimistic, and we expect the US economy to continue to perform well in the short term thanks to strength in the job market, consumer spending, and exports. For the first time since the pandemic, we have also included a scenario that is more optimistic than our baseline, as we see room for positive structural changes in labor markets and productivity." "US Economic Forecast" https://www2.deloitte.com/us/en/insights/economy/us-economic-forecast/united-states-outlook-analysis.html

Just yesterday Jamie Dimon marveled at the strength of the US economy in his speech to the Economic Club of New York. "JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is "unbelievable," Dimon said at an Economic Club of New York event on Tuesday. "Even if we go into recession, the consumer's still in good shape."

Still, he warned about the potential economic effects of the rising national debt, inflation and geopolitical conflicts." "JPMorgan CEO Dimon says US economy is booming" https://www.reuters.com/markets/us/jpmorgan-ceo-dimon-says-us-economy-is-booming-2024-04-23/

My view is we have the best economy in the world without question and we're lucky. And the price increase of everything is a bitch for sure. Forced a lot of people to decide between wants and needs.... reset and take a more frugal approach.

That itself can end up a plus in quality of life

That's pretty much my point. They choose to see what they want to see which is nowhere near a complete picture of the economy.

"The average person doesn’t care what Goldman Sachs is saying"

They should as it would provide context that seems to be lacking for most people.

We also decried the heavy handedness of closing all businesses, churches couldn’t be open, but pot stores could be.

maybe it is hind sight for you but for most of us it was very clear. What the consequences were going be.

I never said any of that. What I specifically said was if you think inflation and prices are the end-all, be-all with respect to the health of the economy, you don't understand economics very well.

I don't blame him.

I don't blame him.

God forbid that people notice that it's costing them $11k/year more to stay even with 2020, and that they can't afford a home at 7.25% money. The ingrates!

Understanding it doesn't mean a thing to the average guy's plight however. Like being in a firefight , understanding the overall picture doesn't mean a thing. Not if you're taking fire.

You may say that prices and inflation are only part of the equation of the economy and I may not even try to make a hard argument with you against that. But what I’m saying is that for a lot of middle class workers, teachers, carpenters, secretaries, firefighters, etc.,etc., etc., it’s the only part they are worried about because they’re barely living paycheck to paycheck. They’re not concerned that the stock market is doing well, that tech companies are doing great, and all the other parts of the economy that you’re talking about. They’re worried and concerned about making their mortgage payment, buying gas to get to work, putting food on their table for their kids, paying the water bill. When the President is claiming that the economy is doing great but they’re not seeing it or feeling it then that’s a problem for Biden .

The polls are showing that the economy and immigration are the top 2 factors that people are concerned about and Biden polls low on both of those.

He’s had ample opportunity to change his course on both of those issues and hasn’t.

I know u say presidential policies can’t really do much on economy but I’ll disagree and give you one recent example , Biden’s recent pause on LNG . That was a political move to appease climate activists in an election year. That’s just one example of many political policy decisions that has a direct effect on the economy.

Totally agree with the sentiment, and I've never once suggested that merely understanding would change anyone's situation.

"but it was a compilation of what the leaders of the party that u are defending did"

I'm not defending anybody. I just think they don't have nearly the power you give them. For better or worse, on both sides of the aisle.

"The polls are showing that the economy and immigration are the top 2 factors that people are concerned about and Biden polls low on both of those."

Not gonna argue that re: the polls. I just wanna know what Trump would have done differently to change the current situation on the economy (or more specifically inflation as that seems to be the only variable that matters), seeing as his tax, trade, and immigration policies are all inflationary.

"I know u say presidential policies can’t really do much on economy but I’ll disagree and give you one recent example , Biden’s recent pause on LNG . That was a political move to appease climate activists in an election year. That’s just one example of many political policy decisions that has a direct effect on the economy."

Direct effect on the economy?? Lol I have a very different definition of direct effect. Do you even realize what was actually paused? Tell me where the direct effect is showing up? Jobs? LNG prices? LNG supply? My opinion is it's an all bark and no bite executive piece of garbage that has had no material impact on LNG supply or demand - now nor will it do anything in the future when it is undoubtedly going to get rescinded.

As a self employed contractor i can just simply keep raising my prices....What about people that can't?

Let me clue you in and show you the real world......Not the Biden dream world...heck that boy probably has somebody help dress him for petes sake.

Contractors paying HUGE amounts for fuel, building materials etc.... People in rural areas that commute long distances for work.... people that have no health insurance provided...... rising food prices and a growing family on and on and on..

I'm about sick of hearing the whole Inflation and prices isn't the "end all" Good grief tell that to the people struggling to make ends meet.

I walked into a store where i get gas regularly ....shelves were bare, i casually mentioned to the clerk....wow shelves are pretty bare, she simply shook her head and said "its only a matter of time and we will be closing"..

I just heard the statistics stating the percentage of people that if we continue on our current path, will run out of money, living pay check to paycheck and only a couple of crisis away from financial disaster like vehicle repair they cannot pay, and no longer able to get to work.

Also the statistics of people that have no money toward retirement.

And i just heard Biden later today campaigning......"imagine what we could do in another 4 years"

good grief.....yea just imagine.

He wouldn't have given all that stimulus. Nor all that climate spending. And we wouldn't have given our allies money. And don't forget student loans!!

I've gathered that the above would "fix" the economy.

Maybe if he wasn’t in court on TRUMPED up charges everyday in Democratic strongholds he could be on campaign trail telling Americans what he would do

I've been searching for that answer, as well, bluedog.

But the average guy out there is smart enough to know the difference between 2.39 per gallon gas...0.99 cents for a dozen eggs, etc.. when Trump was in office VS...3.79 per gallon and higher prices for everything now that Biden is in.

You can quote all the statistics you want, rave about the unemployment rate whatever, but the bottom line is this......The average Joe don't care squat about your statistics, because he knows his wallet is a whole lot lighter since Biden took over.

Stand up for Biden all you want, but until he notices he is spending less, your gonna have a hard time selling bidenomics...

I find this particularly funny. Economics is a game of cause and effect, action and reaction. Nothing is static. With regards to prices, you’ll often hear the solution to high prices is high prices. The same holds true with low prices.

The low oil and gas prices we had during the Trump presidency resulted in lost refining capacity - maybe you don’t realize, but low prices aren’t exactly great for oil companies. Now, you are feeling the effects of that lost capacity in the form of higher prices. But the prices you are seeing now are very much a result of the prices you saw four years ago. Seems to me there are very few people that make these connections…

Maybe Russia wouldn’t have been embolden to invade Ukraine after the Afghanistan withdrawal disaster leading to sell off of huge amounts of strategic petroleum reserves.

Maybe Iran wouldn’t have gained access to billions of dollars to fund terrorist organizations to attack Israel and cause further destabilization of Middle East.

Maybe federal drilling permits would have been allowed rather than paused or cancelled.

Maybe gas prices would be 2:39 a gallon now rather than 3:79

And producers just chose to ship oil by rail instead. Another nothing burger wrt the global market.

“ Maybe Russia wouldn’t have been embolden to invade Ukraine”

Or maybe they would have.

“Maybe federal drilling permits would have been allowed rather than paused or cancelled.”

They are allowed. Nothing is paused and nothing has been cancelled.

“Maybe gas prices would be 2:39 a gallon now rather than 3:79”

But probably not.

Try running that one by someone from Alaska. Except maybe over a third of a million acres on the northern shores of ANWR. Land that was leased by an Alaskan state agency and not by the big scary oil companies.

CNN — The Biden administration announced Wednesday it will cancel seven Trump-era oil and gas leases in the Arctic National Wildlife Refuge and protect more than 13 million acres in the federal National Petroleum Reserve in Alaska, stymieing a years-long attempt to drill in the protected region.

The cancellation will affect Alaska’s state-owned oil development agency, the Alaska Industrial Development and Export Authority, which bought the leases covering about 365,000 acres on ANWR’s Coastal Plain during the Trump administration.

You said federal drilling permits, Nyati. Leases and permits are not the same thing. Maybe those words don't matter to you, but they do to people who work in the industry.

You are the epitome of "correlation is not causation" fallacy. Do you want to just be angry or truly understand why the middle-class is struggling? Good grief.

You know that logic is the exact same as those who killed witches just a few centuries ago.

Judge: "How did you know they were a witch?"

Witness: "Well, everything was fine before they were here."

Judge: "Strong evidence." "Burn'em at the stake."

No witches have ever been killed anywhere in the world or at any time

Put the Booze away

Witches. WTH

No it isn’t. The fact that you would suggest as much shows how far out your depth you are and how little you know about the industry.

“He took steps to shut down oil production on US soil”

That wouldn’t be online for decades. It means nothing at the current moment. Especially when the next administration comes in and undoes things. In all that time not a barrel of oil production will have been impacted.

“Another one of those little things like LNG that causes an effect to the economy.”

And again, what effect has his LNG pause had on the economy? You keep repeating that yet have cited no tangible effect.

I don’t think anything different needs done, GG. Just like the outlooks from the likes of Goldman and others that I posted above, we are on the right trajectory. Some things that I think would help move things along a bit more that I’d like to see: open up labor markets by revamping immigration (expediting work permits), repeal the Trump tariffs, and mandate a 10% cut in government spending across the board.

I think these would moderately help with that last sticky bit of inflation while facilitating continued strength in the labor market and mitigating the impact of future interest rate cuts.

This whole conversation started because you suggested if drilling permits weren’t paused or cancelled oil and gas prices would be lower. As drilling permits are needed to actually deliver short term production it’s a reasonable argument - except for the fact that no drilling permits have been paused or cancelled as part of any Biden policy. Then you try and refute this by citing leases that were cancelled (not drilling permits) and calling it “semantics.” It’s not semantics.

Lease cancellations have no impact on oil prices in the near term. Biden’s leasing policy has been terrible. It’s also had zero impact on oil supply over his presidency and zero impact on prices.

But when i constantly hear folks that support Biden and bidenomics make claims of "things are great".....i have to ask myself, great for who?

As i have already mentioned As prices go up....my prices go up, am i making more money? no, i just handle more money, Tax time tells a lot.....between Gross and net.

Seems you guys got this all figured out, so carry on, It is now 3:56 AM i got a truck to load then i'm gonna go fill it up with some of that liquid gold and drive 2 hrs to a job.....Who will pay the bill for that?......uh huh, you guessed it, my customer. Not to worry when i hand him the bill.....I will reassure him he is doing great. If that don't work i'll use your witch example......My guess he'll give me that same dumbfounded look a lot of people have when they hear all this bidenomics nonsense. And for the record.....I do not hate Biden but i sure as heck do not think he should be president......witches or no witches.

One bad decision causes a cascade of negative consequences.

You can’t demonstrate or prove a negative in that argument.

What you can prove is black and white metrics for each of the two presidents.

Average trumps. And average Bidens

Actually, make it easy on yourself. Look up Consumer Confidence under both.

Consumer Confidence has been the best leading indicator for decades. And right or wrong, it can drive an economy itself.

“But when i constantly hear folks that support Biden and bidenomics make claims of "things are great".....i have to ask myself, great for who?”

By many measures, the economy is doing great. It has nothing to do with Biden or Bidenomics (whatever that even is).

“ Actually, make it easy on yourself. Look up Consumer Confidence under both.”

Ok…CCI…down 20% under Trump. Up 20% during Biden’s presidency. What’s your point?

Why would they just sit on ? What’s your evidence that they would just sit on it ?

Not all leases are equal. There’s a reason no oil companies bid on those leases (which were sold under the Trump administration).

Is this unexpected drop in GPD a sign that Biden’s economy (Bidenomics) is still doing as great as u claim it is ?

Again, the President doesn’t control the economy. I think it’s a sign of hawkish Fed policies coming to roost and underscores the difficulty of the balancing act they are trying to pull off by trying to cool inflation without stifling economic growth. Factor in that a decrease in the rate of government spending was one of the largest contributors to the lower than expected GDP print, I’d say there are silver linings. The PCE data is what really is driving the market selloff, not the GDP.

I’m just a dumb hillbilly in flyover country but it sounds like it was something he was proud of and taking credit for ?

Because he’s a politician. Would expect you to understand that just because he says something doesn’t make it true.

“We’ve got the best economy. They said we couldn’t do it, but we did. We did. Jobs. Look at the beautiful jobs. And we’re drilling. Drill baby, drill. They say I’ve never seen drilling activity like this. But we have it. We’re setting records. And that stock market. No one knows the markets like me. And we brought them back too. It’s not just 401ks and home prices, people are making more on their savings account. People come to me and say “I used to get .25%, now I’m earning 4, 5, even 6% on my savings account.” And they thank me. Chyna. We’re beating Chyna. They’re paying for the tariffs, you know. And they’re hurting. They call me and say you are so smart, we can’t compete with you. Could Biden or Crooked Hillary have done this? Of course not. Crooked Hillary” *crowd starts chanting ‘lock her up’, Trump nods in approval*

I gotta admit I do miss his speeches sometimes…

Maybe not so much reading that article.

“However, the data may not be as bad as it looks. A surge in portfolio management costs, which go up with the S&P 500, accounted for the full upside surprise in core inflation.”

With your clear thinking and ability to see things as they are I'm curious how your trading is going this year. What's your % up or down year to date? Make a believer out of me. Put it on the table.

I suggest you re-read the first four paragraphs. I literally posted one of those paragraphs. Another paragraph reiterates what I posted.

“Here's one reason not to panic, though: The price for portfolio management and investment advice services surged at a 31.8% annual rate in Q1. If not for that, the core PCE price index would have climbed 3.2%.”

Nothing in those paragraphs says “up up and away.”

I can't predict the future. I don't try. Good for you if you have that ability.

I thought that it would be that they could correctly interpret simple bar charts?

“Despite the high annual inflation readings, investors largely took Friday's report in stride. That's because the 0.3% monthly gain in overall and core prices was largely in line with expectations, says Chris Zaccarelli, Chief Investment Officer for Independent Advisor Alliance. It's also down from the increase in January.”

“The price of goods such as used cars, furniture and appliances generally have fallen as pandemic-related supply chain snarls have resolved. But the cost of services, including rent, car insurance and health care, have climbed higher, in part because of sharply rising wages tied to COVID-induced labor shortages.”

“But job growth is still robust and average pay increases have outpaced inflation since last spring, giving households more purchasing power. Strong demand for products and services can put upward pressure on prices.“

“"The hot inflation readings through March should write off any rate cuts in the first half of 2024," Nationwide Senior Economist Ben Ayers wrote in a note to clients. "Given the momentum for the economy and prices, we don’t expect the Fed to strongly consider (cutting rates) until its September meeting at the earliest."”

I guess I see things a little differently than you for sure. The stock market tells it like it is, simple as that.

Now color me confused. Do you want to see more demand for goods and higher prices?? Or do you just not really know what you want, spike?

“The stock market is being propped up by the Big techs and due to AI and that’s it. Most others are way down from 2021 highs”

This is demonstrably false. Show me one sector that is “way down” from the 2021 highs.

“Don’t forget we still have high gas prices”

And as I posted earlier, you can mostly thank the lower gas prices of 2019 and 2020 resulting in the loss of refining capacity for that.

New leadership is needed.

One look at the new types of non conforming mortgages get utilized is good indicator for those first time young home buyers. Looks troubling

And you maybe should go back and read the articles that were posted, DW.

Interesting interview with Jamie Dimon.

Mining is off considerably in part thru Exec Biden Orders nationwide. The costs for the lack of productivity is evident in many area's of end item productionand farming. Costs rocketing upwards.

CPI up 3.8% without food and energy year to year for March. Mr Biden will have the dollar worth at least 20% less when he leaves office than when he started in December 2024.

I never said “booming” - that was Jamie Dimon. I said by many measures the economy is strong.

I don't pay attention to talking heads... totally ignore them. Trying to avoid turning this thread into a stock market thread.

I'm not educated in these departments but sometimes wonder if we aren't getting to be like too many fish in a small pond.. population has grown so much in last 30 or 40 years we've reached the point where former quality of life is now unsustainable. What is available is super expensive because demand far exceeds supply..(Hunting is a micro example.... now difficult to even get a tag and if you do it's too expensive for many.

Dunno... just musing.

Hopefully my thought is incorrect. Can't help comparing population growth to financial growth. The compounding of gains will cause a growth explosion.... mathematical certainty.

Stress this is just musing. I have nothing to base the thought on really.

"Census Bureau projections show that, under the most likely scenario, the U.S. will stop growing by 2080 and shrink slightly by 2100."

Far as housing too expensive, it certainly is, caused by supply and demand. There is a severe shortage in affordable housing (duh). This will eventually be corrected as it was immediately after World War 2. That's the theory anyway. Meantime it's a bitch.

He funds many outfits undermining the US…and is now behind the violent protests on college campuses.

Soros is an integral part of the Democratic party….be proud those of you that stand with him.

The Biden EPA is shutting down power plants, requiring CO2 capture that reduces the efficiency of power plants and drives up electricity costs that renewables can’t cover.

The WSJ article, The Biden EPA’s Plan to Ration Electricity lays it out. Excerpt: The Biden Ad­min­is­tra­tion’s reg­u­la­tions are com­ing so fast and fu­ri­ous that it’s hard even to keep track, but we’re try­ing. On Thurs­day the En­vi­ron­men­tal Pro­tec­tion Agency pro­posed its lat­est doozy—rules that will ef­fec­tively force coal plants to shut down.

—— Some areas like Texas estimate we will need double the power in 6 years….. our grid cannot handle the potential demand, heaven help us if the Soros Democrats are still in control down the road.

It is there, each one of us will find out what we are worth.

I'm glad, my debt is paid.

Rumor has it that the tents were provided by the "tent fairy" (fergie chambers…communist radical…heir to the cox fortune).

Politico is reporting that his brother Jim Biden was in business with Qatari government officials.

From Politico; Public records and emails obtained by POLITICO offer a window on fundraising efforts in which Jim Biden invoked his ties to older brother and sought workarounds to restrictions on international money movements. Transactions related to the efforts are also at the heart of a recently-settled fraud case brought by the SEC and are being scrutinized as part of a federal criminal investigation in South Florida. ——-

Can the top 20% be responsible for the economy being strong? All the while the majority of Americans are struggling. The reason I ask is. You mentioned how it was a "small subest of people that are the ones struggling". It got me to wondering if it is a "small subset keeping the economy looking strong"? You mentioned you took economics. So I am truly asking as I don't know if it's possible. I will use my boss for example. He buys more dollars worth of stock in a month that I gross in a year. Does that top 20% carry enough wieght to make it look great on paper and charts all the while the majority (let's say 60%) of Americans are really struggling?

I apologize if this is a dumb question. I just really would like to find the disconnect on this.

The Biden EPA is shutting down power plants, requiring CO2 capture that reduces the efficiency of power plants and drives up electricity costs that renewables can’t cover.

The WSJ article, The Biden EPA’s Plan to Ration Electricity lays it out. Excerpt: The Biden Ad­min­is­tra­tion’s reg­u­la­tions are com­ing so fast and fu­ri­ous that it’s hard even to keep track, but we’re try­ing. On Thurs­day the En­vi­ron­men­tal Pro­tec­tion Agency pro­posed its lat­est doozy—rules that will ef­fec­tively force coal plants to shut down. —— Some areas like Texas estimate we will need double the power in 6 years….. heaven help us if Democrats are still in control.

I don’t think it’s a dumb question. I think it underscores the nature of the current economy - there are indicators of strength, and there are indicators of weakness. But the economy has never worked for everyone equally, and no one should ever expect it to - and I think you’re seeing that play out now. The bottom portion of the wage earners in this country are feeling more of the effects of inflation - and they will feel it disproportionately.

But anyone who says the economy is struggling isn’t looking at the trends. Inflation is way down. Demand and consumer spending is still strong (and a big reason for the last bit of inflation sticking around). Labor markets are strong. Real wages are rising. Even if you look at the latest GDP numbers, there’s a lot to like - for example, imports were up and explain a big portion of the GDP drop. An increase in imports is really not a bad thing - from a GDP perspective it’s almost an accounting artifact detracting from GDP than it is a sign of a weak economy (if anything it indicates strong demand). And all in all GDP is now pretty close to the long term trend of 2% which seems to be sustainable.

IMO, there is A LOT of room for things to get worse. All of this doesn’t mean there aren’t indicators that suggest things could get worse. Debt is increasing, people are still dealing with the cumulative impact of the higher inflation we had a year and a half ago, interest rate cuts seem always off now. But until some of those other numbers get worse - recession, higher unemployment, very weak demand, etc - I just have a hard time saying we’re in a “poor economy.”

I don’t envy the balancing act the Fed is trying to perform. Where it goes here is anyone’s guess, but IMO we should see some tempering of spending, which should drive prices down, which should provide a path to rate cuts. I think we can thread the needle back to sustainable numbers, but I expect there will be some hiccups along the way.

Given the Bowsite demographics, it’s not really a surprise they’d feel that way.

They did get the memo.

“Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn't moved quickly enough, and the current state of policy should remain intact.”

We’ve made massive progress on inflation. And just because we see a blip for one month or two or because it may take a little longer before we see 2% doesn’t mean things haven’t been moving in the right direction.

LMAO!! Great way to start off the week !

From the link to his webpage.

The gross domestic product is much weaker than the headlines suggest. If we look at consumption, both durable and non-durable goods were flat or down, while the only item that increased modestly was the services factor. Residential and intellectual property boosted investment, while equipment remained weak in the past two quarters. The slump in export growth coincided with a significant increase in imports, which weakened the trade deficit. Government spending continues to rise, albeit at a slower pace, and becomes the main factor to disguise what is evidently a concerning level of growth for a leading economy with enormous potential.

It is precisely because of the unnecessary increase in government spending, designed to bloat GDP and provide a false sense of strength in the economy, that inflation remains elevated and rising in a three- and six-month period.

Rising public debt has bloated the economy and left it at a disappointing level compared to its potential, as evidenced by higher inflation and weaker growth.

Many economists argue that the economy is growing, and that inflation is a secondary problem. Not for the average American. Citizens are poorer in absolute and relative terms.

Can the United States government boast this level of growth? One could argue that delivering $1.6 trillion of GDP with a $2 trillion increase in debt is not a success. This isn’t growing; it’s getting fatter. This negative situation has not improved since 2024. Every 100 days, the U.S. national debt rises by $1 trillion. Therefore, this means more taxes, less growth, and weaker real wages in the future. We can conclude that the United States’ public finances would be stronger, and the economy would be more productive if the gigantic public spending packages and tax hikes had not been implemented.

What is being done?

couldn't agree more, that is "real world" right there.

I have often said i'd like to have some of the gov't officials .....shut up and work, and i don't want to hear no complaining about it being hot or cold, or wet, or to heavy.....mud,n,blood,n,blisters. put some callouses on them soft pink hands.....and you pump your own 3.89 a gallon gas to get there, and at the end of the week.......i'll pay ya yer 1000.00

now skip...buy groceries, put gas in your vehicles, pay your insurances, necessary maintenance , mortgage, clothing, raise your kids........and tell me the economy is good.

Dang. Had I known all this, getting my MBA would have been a lot easier. Forget actually calculating things like GDP, inflation, demand, etc. Who knew I could have just answered everything with “go ask your neighbor.”

true, but it was true in the Trump years, the Obama years, the Bush years, the Carter years, the Clinton years, etc.

You can argue that things are so much worse today, but look at what people are spending on nowadays. $200 a month for cable TV and cell service? Thousand dollar phones? Too many people today cannot, or will not separate necessity from luxury purchases.

If you'd ask your neighbors, you'd find that half are getting a government subsidy. That should be a clue. And yes, I know, math is hard, but the deficits are massive, and the interest on the national debt is now a big expense. But keep fooling yourself. Since you have a MBA that makes it particularly ironic.

Doubt that.

“And yes, I know, math is hard, but the deficits are massive, and the interest on the national debt is now a big expense”

I guess we could have foregone Trump’s tax cuts and any government stimulus to mitigate the effects of the massive economic shocks we’ve had in the last 15 years, which have been the largest contributors to debt levels in the recent past. More recently, the Fed could have said “nah, we don’t want federal debt payments to increase so we’ll hold interest rates where they’re at - y’all can just deal with the inflation.”

“Massive and “big” are both relative and subjective terms. Government spending is out of hand but we are nowhere near unsustainable levels of national debt and have plenty of time before we need to hit the panic button.

Then your boy Biden just gutted women’s sports Title lX with their Gender BS all while he is on track to jack the deficit faster than any president in history.

Our government is so infected by the massive tide of dirty money flowing in to buy votes from dirty Dems and Reps- why did the Rep speakers side with the dirty Dems? over $500k in his pocket on the latest FERC campaign disclosures.

I say vote all of them out…except a few like Rand Paul.

*except for Trump

That said, I fully expect the labor market to deteriorate further. I think interest rates are going to remain elevated, and you'll see cooling in demand and labor. We'll reap the benefits of lower prices at the expense of lower growth and a weaker job market.

Another thing that kills small business owners. But screw the little guys, especially if they are your neighbors. Just tell them how great the economy really is. Show them the stock market numbers and GDP. That will make all their hardships go away.

Every time I come to this thread I think of what my Father told me. He was the most grounded person I have ever known, in spite of the fact that he was an aeronautical engineer and had an architecture degree from MIT

He would remind me that people that tried to show you how intelligent they are, were usually not and that there are lots of educated people that are really not that smart, just good at school.

Stuck with me and always proved to be spot on.

Can you elaborate, bk? As DanaC points out, that can be said for any economic policy. And I think most people don't understand the unintended consequences. As an example, Trump's policies on immigration, taxes, and trade are undoubtedly inflationary and are also likely to add to government debt.

And just to be clear, I'd much rather have Trump's policies than Biden's policies when it comes to the economy. With that said, that comes with two big caveats that I've been trying to impress upon these threads. The first is that a stated policy is meaningless on the economy without meaningful legislation or executive action - and in short, President's are fairly powerless to make meaningful change. Most of the actions these President's take amount to window dressing with no substance. I've seen it first hand from both sides of the aisle. I've linked an article from Politico that I came across when looking for some info to share on this thread - it is a great encapsulation of this point.

The second point is that I don't really know what stands as "conservative" economic policy any more. The Republicans used to be the party of free markets and fiscal conservatism. Now we have out of control spending, free trade has been replaced by protectionism, and labor markets have been shutoff to competition. As previously pointed out, all with unintended consequences that have certainly contributed to the issues we're seeing (particularly on prices).

I’d hate to see the real thing

And yes, 10 million people does affect the economy either thru entering job market or becoming a liability to entitlement system, school system, and healthcare.

I wasn't talking about his border policy. Regardless, I've been abundantly clear about immigration - you all only talk about one side of the issue. I think you overstate the costs, and underestimate the benefits. On one hand, you all argue that the majority of job growth and productivity gains are coming from immigrants (as if that's somehow a bad thing), and then suggest that we'll be better off economically if we stop the flow of immigrants to this country. Ignorance is failing to draw these connections.

Hopefully there are enough avg voters that see with their own eyes whats happening. I do think many folks are uninformed due to our predominantly liberal media.

Not much mention in MSM of the recent Liberal Democrat Orgs sponsoring all of the protests at campuses. Or of the liberal Dem professors preaching this garbage.

Death to America….is not coming from MAGA folks…..Dem voters are literally standing with and sanctioning these protestors and Squad members preaching this stuff within their ranks.

The Dem party has been hijacked right under their noses….and they are clueless.

I care more about the fact that the same thing has happened to the Republican Party.

No you don't. You come here for a back slap from the Trumpers cause you need it in your crazy and illogic to feel better. Nobody wants to be on an island by themselves with their crazy and misery lives company. Just as RK.

What I’m saying is that Presidential policy decisions does have a significant effect on the economy, be it immigration policy, energy policy, climate policy, foreign policy, etc. etc.. whether u like it or not a president owns the economy under their administration. Biden is so proud of the economy under his administration that he named it Bidenomics.

And here we are in May 2024 and inflation is still creeping higher, anticipated interest rate reductions by Fed this year is looking increasingly unlikely due to continuing inflation.

Going into election season we still have increasing inflation, persistent high interest rates that look to remain, high housing costs because of the above reasons.

In fact experts that experienced the sticky inflation from the Carter era. Predicted this Stagflation would happen. And predicted it a year ago

What I’m saying is that Presidential policy decisions does have a significant effect on the economy, be it immigration policy, energy policy, climate policy, foreign policy, etc. etc.. whether u like it or not a president owns the economy under their administration. Biden is so proud of the economy under his administration that he named it Bidenomics.

And here we are in May 2024 and inflation is still creeping higher, anticipated interest rate reductions by Fed this year is looking increasingly unlikely due to continuing inflation.

Going into election season we still have increasing inflation, persistent high interest rates that look to remain, high housing costs because of the above reasons.

Seems pretty premature to say we're in a period of stagflation.

"What I’m saying is that Presidential policy decisions does have a significant effect on the economy"

Agree to disagree. Policy doesn't matter without actions that have meaning. For example, Biden could, say, continue his attack on oil and gas companies by banning drilling on the moon. Doesn't mean that it somehow has a "significant effect on the economy." Most of the actions he's taken - same as those that Trump has taken - have been pretty much identical to that (the article I posted above on Trump and the oil industry underscores this point).

"Biden is so proud of the economy under his administration that he named it Bidenomics"

So? He can name it what he wants. I can name it "BEGonomics." Doesn't mean I somehow control it now.

"And here we are in May 2024 and inflation is still creeping higher"...after a massive drop. A month or two doesn't really make a trend IMO.

"Going into election season we still have increasing inflation, persistent high interest rates that look to remain, high housing costs because of the above reasons."

Again, IMO it's too early to say a month or two of a moderate uptick inflation is reflective of a broader trend. Interest rates are high because of these prices. Are you advocating a different policy from the Fed in the face of the inflation challenge?

And why are housing costs high, Nyati? Prices are a function of supply and demand. The reality is housing prices have remained elevated due to strong demand, even in the face of high interest rates. Couple that with the supply side limitations due to people not wanting to move into higher rate mortgages by selling their home, it's likely we'll see sustained prices for some time. While lower interest rates may help with the supply side, it's also going to increase demand.

But there seems to be this belief that "high prices = bad" and y'all paint such a black and white picture when the reality is much more complex.

But only Biden's excessive federal spending, right? The fact that Trump grew Federal outlays by over 80% during his time in office don't matter, do they?

"Biden could, say, continue his attack on oil and gas companies by banning drilling on the moon."

And they try to do and say dumb stuff like that to win political favor and votes in an election year. Great analogy BEG.

Just look at Portland state ( Or Columbia University) as a prime example of their horrid ideology. Go check Twitter for the photos of that Chit hole Portland- disgusting- all due to liberal progressive policy. The latest care of Andy Ngo on Twitter;

@Portland_State's president Ann Cudd has agreed to all the demands of those who continue to siege the Millar Library and have shut down campus.

PSU guarantees they won't pursue criminal charges against the destruction and would not suspend or punish any students involved. PSU will also pour more funding into DEI and CRT programs. Around 50 left the siege, Cudd says, but that many more non-students still remain.

Be proud KS, this is you're party, your policy....

I didn't say, I'm asking. You talk about Biden, but how much blame to you give Trump for the current price pain - his spending, his tariffs, his taxes? You say these things matter, so how much?

You typed that. I thought u were making a statement. My apologies.

I think what you are trying to say is party has a lot to do with policy over the long term. And presidents collective of the same party over time can affect policy. You don't like the what past policies (mostly by democrats) that got us here. Does that sum it up? I agree with that thesis by the way. But I agree with BEG that a single president has little to do with the state of the current economy. I think Trump and Biden get 50% blame but both had to do something to prevent the free fall of the economy. Trump for sure had no choice about the stimulus. Not sure the second one was needed under Biden but it's Monday now and the quarterbacks are plenty with their keen eyesight.

Biden has done PLENTY of things that he rightly deserves criticism for, and some of that is tied to the state of the economy (Inflation Reduction Act my @$$), but continuing to pretend that global inflation can be pinned on Biden’s policy is intellectually dishonest.

You typed that. I thought u were making a statement. My apologies.

Gotta love the astute market analysis presented by the Bowsite squad.

Gas, Energy Utilities and food prices through the roof. This puts the squeeze on regular middle class Americans!

Washington's plan seems to destroy the middle class.

But most of congress is ona MUGA campaign, Make Ukraine Great Again. Forgiveness on college student loans.

Link is to a 30 second video of Decades long democrat rule- Kamala’s Hometown- warning, its shocking.

To easy to blame Biden for everything, or Trump. The whole mess with Trump is mostly political, if he had never run for president doubtful you would hear much. How would you feel though if they did the same thing to Biden? would that be ok?.....Time people stop being played by rich men in suits.

Biden is a lousy president for many reasons other than the economy. Our president should be a leader, an example.....One with sound judgement, leadership capability, in all areas....economics, world affairs, morally, and an America first mentality....Biden fails in many areas.

You can get all the education you want, with numerous degrees, you can be financially well off......And still lack wisdom.

Knowledge is taught in the schools of men.......wisdom is knowing how to discern and use it properly.

For all who want to post graphs, talk numbers, etc...etc...etc.. you got knowledge, that's great. But for many Americans, numbers on a paper, don't feed their family's.

Regarding broader layoffs and lowered earnings, it wouldn’t be surprising at all (if true). It’s been the expectation ever since the Fed started raising rates. Saw someone predict we’d need to get to 6% unemployment if we expect to see inflation at 2%.

Regardless, what’s the dumpster fire gonna look like? What numbers are you predicting for inflation, unemployment, stock markets, and GDP?

From Newsmax:

The Federal Reserve Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.

"The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of 5.3%. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fed’s belief that inflation was steadily easing. The combination of high interest rates and persistent inflation has also emerged as a potential threat to President Joe Biden’s re-election bid."

30-100% inflation last year?? What data are you looking at?

"The layoffs are now starting and a lot of companies including big tech have lowered their guidance"

Who has?

"Also if revenues have decreased even after prices were raised then that is a bad sign"

Depends on the company and the product they sell and how elastic demand is for that product. In cases where demand is highly elastic this is exactly what you would expect to happen.

"The stock market might possibly go up slowly throughout the year unless some black swan happens but according to history the market should tank as it did every time yields were inverted."

Every time? The 2/10 yield curve has been inverted since mid-2022. Depending on the index, we've seen ~20-30% returns since that time.

More Biden Democrat corruption; Through FOIA requests Jim Jordan has exposed an email between Zuckerberg and the Biden admin on Covid;

Jordan shares a text message from Mark Zuckerberg to Sheryl Sandberg, Nick Clegg and Joel Kaplan - the company's highest-ranking executives at the time, in which he asks if Facebook can tell the world that "the [Biden] WH put pressure on us to censor the lab leak theory?" - hours after Biden accused Facebook of "killing people."

Which is exactly what the market hoped to see and why the market popped on the news. It’s a sign things are still trending in the direction the Fed was hoping for.

It’s still a bad position for Biden. Normally an incumbent president hopes the economy is humming along going into an election. In order to get interest rates down Biden has to hope that economy slows further and unemployment rate goes up.

He’s between the proverbial rock and a hard place

You don’t, but people who want a broader understanding of what is going on with the economy realize relying on a sample size of 1 is nothing more than an anecdote.

In other words, the economy is a dumpster fire.

“Fed chief Jerome Powell said he doesn’t understand sporadic Wall Street talk about ‘stagflation,” a rare occurrence in which economic growth is weak and inflation is high.

“The last time the U.S. experienced stagflation - and one of the few instances in its history - was in the late 1970s and early 1980s.

Powell said the economy is much different now than back then.

“It was 10% unemployment. It was high single-digits inflation,” he said.

And today? “Right now we have 3% growth, and we have inflation at 3%,” Powell said.

“I don’t really understand where [talk of stagflation] is coming from," he said.

He said he doesn't see "the 'stag' or the 'flation.'"