Bidenomics
General Topic
Contributors to this thread:
Nyati 07-Mar-24
HDE 07-Mar-24
Nyati 07-Mar-24
DanaC 07-Mar-24
csalem 07-Mar-24
bigeasygator 07-Mar-24
smarba 07-Mar-24
bluedog 07-Mar-24
Builder07 07-Mar-24
sundowner 07-Mar-24
Builder07 07-Mar-24
DanaC 07-Mar-24
Builder07 07-Mar-24
sundowner 07-Mar-24
bluedog 07-Mar-24
bigeasygator 07-Mar-24
DanaC 07-Mar-24
Beendare 07-Mar-24
spike78 07-Mar-24
Recurve Man 07-Mar-24
bigeasygator 07-Mar-24
TGbow 07-Mar-24
Orion 07-Mar-24
TGbow 07-Mar-24
buckhammer 07-Mar-24
Coop 07-Mar-24
bigeasygator 07-Mar-24
Beendare 07-Mar-24
TGbow 07-Mar-24
Coop 07-Mar-24
redneck hunter 07-Mar-24
bigeasygator 07-Mar-24
Norseman 07-Mar-24
Grey Ghost 07-Mar-24
DanaC 08-Mar-24
shade mt 08-Mar-24
Catscratch 08-Mar-24
Builder07 08-Mar-24
TonyBear 08-Mar-24
Grey Ghost 08-Mar-24
Beendare 08-Mar-24
Matt 08-Mar-24
Grey Ghost 08-Mar-24
Beendare 08-Mar-24
Beendare 08-Mar-24
Matt 08-Mar-24
Grey Ghost 09-Mar-24
Builder07 09-Mar-24
KSflatlander 09-Mar-24
Catscratch 09-Mar-24
70lbDraw 09-Mar-24
Grey Ghost 09-Mar-24
TGbow 09-Mar-24
Beendare 09-Mar-24
Catscratch 09-Mar-24
Grey Ghost 09-Mar-24
Grey Ghost 09-Mar-24
csalem 09-Mar-24
Grey Ghost 09-Mar-24
Builder07 09-Mar-24
Grey Ghost 09-Mar-24
Beendare 09-Mar-24
Grey Ghost 09-Mar-24
70lbDraw 09-Mar-24
Grey Ghost 09-Mar-24
Beendare 09-Mar-24
Beendare 09-Mar-24
Grey Ghost 09-Mar-24
Beendare 09-Mar-24
Grey Ghost 09-Mar-24
Mint 09-Mar-24
Mint 09-Mar-24
bigeasygator 10-Mar-24
70lbDraw 10-Mar-24
Beendare 10-Mar-24
Grey Ghost 10-Mar-24
Builder07 10-Mar-24
Grey Ghost 10-Mar-24
Matt 10-Mar-24
Builder07 11-Mar-24
Grey Ghost 11-Mar-24
Mint 11-Mar-24
bigeasygator 11-Mar-24
12yards 11-Mar-24
jjs 11-Mar-24
Nyati 11-Mar-24
70lbDraw 11-Mar-24
Builder07 11-Mar-24
Beendare 11-Mar-24
Grey Ghost 11-Mar-24
Nyati 11-Mar-24
Builder07 11-Mar-24
bigeasygator 11-Mar-24
Nyati 11-Mar-24
Grey Ghost 11-Mar-24
TRnCO 11-Mar-24
bigeasygator 11-Mar-24
Nyati 11-Mar-24
DanaC 11-Mar-24
Mint 11-Mar-24
Beendare 11-Mar-24
Beendare 11-Mar-24
Builder07 11-Mar-24
WV Mountaineer 11-Mar-24
Grey Ghost 11-Mar-24
KsRancher 12-Mar-24
WV Mountaineer 12-Mar-24
DanaC 12-Mar-24
TGbow 13-Mar-24
TGbow 13-Mar-24
Builder07 13-Mar-24
Catscratch 13-Mar-24
Mint 13-Mar-24
bowhunt 13-Mar-24
Grey Ghost 13-Mar-24
KsRancher 13-Mar-24
bowhunt 13-Mar-24
bigeasygator 13-Mar-24
bowhunt 13-Mar-24
Builder07 13-Mar-24
TonyBear 13-Mar-24
Builder07 13-Mar-24
Builder07 13-Mar-24
Beendare 13-Mar-24
Orion 13-Mar-24
Beendare 13-Mar-24
bigeasygator 13-Mar-24
KSflatlander 13-Mar-24
Grey Ghost 13-Mar-24
Builder07 13-Mar-24
KSflatlander 13-Mar-24
Orion 13-Mar-24
RK 13-Mar-24
bigeasygator 13-Mar-24
12yards 13-Mar-24
Orion 13-Mar-24
RK 13-Mar-24
bigeasygator 13-Mar-24
Orion 13-Mar-24
Orion 13-Mar-24
bigeasygator 13-Mar-24
bigeasygator 13-Mar-24
Orion 13-Mar-24
KsRancher 13-Mar-24
bigeasygator 13-Mar-24
Michael 13-Mar-24
KsRancher 13-Mar-24
bluedog 13-Mar-24
bigeasygator 13-Mar-24
KsRancher 13-Mar-24
Grey Ghost 13-Mar-24
TGbow 13-Mar-24
Beendare 13-Mar-24
Beendare 14-Mar-24
Mint 14-Mar-24
Builder07 14-Mar-24
KSflatlander 14-Mar-24
Mint 14-Mar-24
Orion 14-Mar-24
Nyati 14-Mar-24
Builder07 14-Mar-24
KSflatlander 15-Mar-24
Beendare 15-Mar-24
Builder07 15-Mar-24
DanaC 15-Mar-24
BRIBOWl 15-Mar-24
KSflatlander 15-Mar-24
Beendare 15-Mar-24
shade mt 16-Mar-24
KSflatlander 16-Mar-24
Catscratch 16-Mar-24
RK 16-Mar-24
Beendare 16-Mar-24
Orion 16-Mar-24
KsRancher 16-Mar-24
bigeasygator 16-Mar-24
Matt 16-Mar-24
Beendare 16-Mar-24
bigeasygator 16-Mar-24
RonP 17-Mar-24
WV Mountaineer 17-Mar-24
Beendare 17-Mar-24
bigeasygator 17-Mar-24
Beendare 17-Mar-24
csalem 17-Mar-24
DanaC 17-Mar-24
RutnStrut 17-Mar-24
bigeasygator 17-Mar-24
Nyati 17-Mar-24
bigeasygator 17-Mar-24
Nyati 17-Mar-24
DL 17-Mar-24
DL 17-Mar-24
Builder07 18-Mar-24
bigeasygator 18-Mar-24
12yards 18-Mar-24
Builder07 18-Mar-24
bigeasygator 18-Mar-24
Michael 18-Mar-24
Beendare 18-Mar-24
DL 18-Mar-24
peterk1234 18-Mar-24
KSflatlander 18-Mar-24
DanaC 18-Mar-24
Beendare 18-Mar-24
bigeasygator 18-Mar-24
csalem 18-Mar-24
DanaC 18-Mar-24
RK 18-Mar-24
KsRancher 18-Mar-24
bigeasygator 18-Mar-24
DL 19-Mar-24
spike78 19-Mar-24
Beendare 19-Mar-24
Beendare 19-Mar-24
Nyati 19-Mar-24
bigeasygator 19-Mar-24
Nyati 19-Mar-24
bigeasygator 19-Mar-24
Nyati 19-Mar-24
Builder07 19-Mar-24
bigeasygator 19-Mar-24
Nyati 19-Mar-24
Builder07 19-Mar-24
KsRancher 19-Mar-24
bigeasygator 19-Mar-24
Orion 19-Mar-24
KsRancher 19-Mar-24
Beendare 19-Mar-24
bigeasygator 19-Mar-24
Nyati 19-Mar-24
Grey Ghost 19-Mar-24
Matt 19-Mar-24
Nyati 19-Mar-24
bigeasygator 19-Mar-24
Nyati 19-Mar-24
spike78 19-Mar-24
Matt 19-Mar-24
bigeasygator 19-Mar-24
bigeasygator 19-Mar-24
bigeasygator 19-Mar-24
Grey Ghost 19-Mar-24
Nyati 19-Mar-24
bigeasygator 19-Mar-24
Beendare 19-Mar-24
Grey Ghost 19-Mar-24
csalem 19-Mar-24
KSflatlander 19-Mar-24
RK 19-Mar-24
bowhunt 19-Mar-24
bowhunt 19-Mar-24
KsRancher 20-Mar-24
DanaC 20-Mar-24
bigeasygator 20-Mar-24
RonP 20-Mar-24
Builder07 20-Mar-24
Grey Ghost 20-Mar-24
bowhunt 20-Mar-24
bowhunt 20-Mar-24
bigeasygator 20-Mar-24
Grey Ghost 20-Mar-24
bigeasygator 20-Mar-24
KsRancher 20-Mar-24
bowhunt 20-Mar-24
bigeasygator 20-Mar-24
bigeasygator 20-Mar-24
bowhunt 20-Mar-24
KsRancher 20-Mar-24
Grey Ghost 20-Mar-24
bigeasygator 20-Mar-24
Nyati 20-Mar-24
bigeasygator 20-Mar-24
Grey Ghost 20-Mar-24
Nyati 20-Mar-24
Grey Ghost 20-Mar-24
scentman 20-Mar-24
KsRancher 20-Mar-24
Grey Ghost 20-Mar-24
Nyati 20-Mar-24
Grey Ghost 20-Mar-24
bigeasygator 20-Mar-24
scentman 20-Mar-24
bigeasygator 20-Mar-24
scentman 20-Mar-24
Grey Ghost 20-Mar-24
scentman 20-Mar-24
Michael 20-Mar-24
DanaC 20-Mar-24
Matt 20-Mar-24
bluedog 20-Mar-24
Nyati 20-Mar-24
Matt 20-Mar-24
Don T. Lewis 20-Mar-24
Michael 20-Mar-24
Builder07 20-Mar-24
Matt 20-Mar-24
WV Mountaineer 20-Mar-24
Michael 20-Mar-24
Matt 20-Mar-24
Grey Ghost 20-Mar-24
70lbDraw 20-Mar-24
Beendare 20-Mar-24
KsRancher 20-Mar-24
Builder07 20-Mar-24
Grey Ghost 20-Mar-24
Grey Ghost 20-Mar-24
Michael 20-Mar-24
spike78 20-Mar-24
Grey Ghost 20-Mar-24
KsRancher 20-Mar-24
Grey Ghost 20-Mar-24
KsRancher 20-Mar-24
Beendare 21-Mar-24
Beendare 21-Mar-24
spike78 21-Mar-24
Beendare 21-Mar-24
Beendare 21-Mar-24
Beendare 21-Mar-24
Beendare 21-Mar-24
Beendare 21-Mar-24
Beendare 21-Mar-24
DanaC 21-Mar-24
bluedog 21-Mar-24
spike78 22-Mar-24
WV Mountaineer 22-Mar-24
bluedog 22-Mar-24
KSflatlander 22-Mar-24
4nolz@work 22-Mar-24
DanaC 22-Mar-24
Grey Ghost 22-Mar-24
KSflatlander 22-Mar-24
Grey Ghost 22-Mar-24
WV Mountaineer 22-Mar-24
KSflatlander 22-Mar-24
WV Mountaineer 22-Mar-24
KSflatlander 22-Mar-24
RK 22-Mar-24
Beendare 22-Mar-24
70lbDraw 22-Mar-24
bigeasygator 22-Mar-24
DanaC 23-Mar-24
buckhammer 23-Mar-24
Beendare 23-Mar-24
Beendare 23-Mar-24
DanaC 23-Mar-24
Beendare 23-Mar-24
bigeasygator 23-Mar-24
Beendare 23-Mar-24
DanaC 24-Mar-24
Timex? 24-Mar-24
Grey Ghost 24-Mar-24
Nyati 24-Mar-24
Timex? 24-Mar-24
BowSniper 24-Mar-24
Grey Ghost 24-Mar-24
Beendare 24-Mar-24
Nyati 24-Mar-24
Matt 24-Mar-24
Nyati 24-Mar-24
Matt 25-Mar-24
spike78 25-Mar-24
Grey Ghost 25-Mar-24
DanaC 25-Mar-24
Matt 25-Mar-24
Nyati 25-Mar-24
bigeasygator 25-Mar-24
Grey Ghost 25-Mar-24
bigeasygator 25-Mar-24
bigeasygator 25-Mar-24
Grey Ghost 25-Mar-24
bigeasygator 25-Mar-24
Beendare 25-Mar-24
Matt 25-Mar-24
RonP 25-Mar-24
bigeasygator 25-Mar-24
Grey Ghost 25-Mar-24
Matt 25-Mar-24
RK 25-Mar-24
bigeasygator 25-Mar-24
Catscratch 26-Mar-24
Beendare 26-Mar-24
Nyati 26-Mar-24
Michael 26-Mar-24
Matt 26-Mar-24
Grey Ghost 26-Mar-24
RK 26-Mar-24
Beendare 26-Mar-24
bigeasygator 26-Mar-24
Grey Ghost 26-Mar-24
Matt 26-Mar-24
Grey Ghost 27-Mar-24
Grey Ghost 27-Mar-24
bigeasygator 27-Mar-24
Catscratch 27-Mar-24
Beendare 27-Mar-24
bigeasygator 27-Mar-24
Matt 27-Mar-24
Catscratch 27-Mar-24
TRnCO 27-Mar-24
bigeasygator 27-Mar-24
Matt 27-Mar-24
Michael 27-Mar-24
Grey Ghost 27-Mar-24
Matt 27-Mar-24
TRnCO 27-Mar-24
Grey Ghost 27-Mar-24
TRnCO 28-Mar-24
spike78 28-Mar-24
bigeasygator 28-Mar-24
Nyati 28-Mar-24
Matt 28-Mar-24
BowSniper 28-Mar-24
KsRancher 28-Mar-24
bigeasygator 28-Mar-24
Grey Ghost 28-Mar-24
bigeasygator 28-Mar-24
Matt 28-Mar-24
Grey Ghost 28-Mar-24
DL 28-Mar-24
Nyati 28-Mar-24
Matt 28-Mar-24
Catscratch 28-Mar-24
Grey Ghost 28-Mar-24
Nyati 28-Mar-24
KsRancher 28-Mar-24
Grey Ghost 28-Mar-24
KsRancher 28-Mar-24
Grey Ghost 28-Mar-24
bigeasygator 28-Mar-24
Nyati 28-Mar-24
Matt 28-Mar-24
bigeasygator 28-Mar-24
bigeasygator 28-Mar-24
DL 28-Mar-24
Nyati 28-Mar-24
Grey Ghost 28-Mar-24
bigeasygator 28-Mar-24
KsRancher 29-Mar-24
Beendare 29-Mar-24
spike78 29-Mar-24
bigeasygator 29-Mar-24
Nyati 29-Mar-24
Matt 29-Mar-24
Grey Ghost 29-Mar-24
bigeasygator 29-Mar-24
Nyati 29-Mar-24
Grey Ghost 29-Mar-24
Catscratch 29-Mar-24
Grey Ghost 29-Mar-24
Nyati 29-Mar-24
Grey Ghost 29-Mar-24
Timex? 29-Mar-24
Beendare 29-Mar-24
Timex? 29-Mar-24
bigeasygator 29-Mar-24
Nyati 29-Mar-24
Grey Ghost 29-Mar-24
bigeasygator 29-Mar-24
Nyati 29-Mar-24
Beendare 30-Mar-24
Beendare 30-Mar-24
Matt 31-Mar-24
Nyati 31-Mar-24
Nyati 31-Mar-24
Nyati 31-Mar-24
Nyati 31-Mar-24
Nyati 31-Mar-24
Nyati 31-Mar-24
HunterR 31-Mar-24
Nyati 31-Mar-24
DanaC 01-Apr-24
Grey Ghost 01-Apr-24
DanaC 01-Apr-24
Beendare 01-Apr-24
Norseman 01-Apr-24
Beendare 01-Apr-24
Nyati 01-Apr-24
bigeasygator 01-Apr-24
Nyati 01-Apr-24
Nyati 01-Apr-24
Basil 02-Apr-24
70lbDraw 02-Apr-24
Nyati 02-Apr-24
bigeasygator 02-Apr-24
Beendare 02-Apr-24
Nyati 02-Apr-24
BC173 02-Apr-24
KsRancher 02-Apr-24
Ron Niziolek 02-Apr-24
Beendare 02-Apr-24
70lbDraw 03-Apr-24
bigeasygator 03-Apr-24
Norseman 03-Apr-24
70lbDraw 03-Apr-24
bigeasygator 03-Apr-24
Matt 03-Apr-24
Grey Ghost 03-Apr-24
bigeasygator 03-Apr-24
Grey Ghost 03-Apr-24
Beendare 03-Apr-24
Grey Ghost 03-Apr-24
Matt 04-Apr-24
Nyati 04-Apr-24
Beendare 04-Apr-24
Matt 04-Apr-24
KSflatlander 04-Apr-24
JQM 04-Apr-24
KSflatlander 04-Apr-24
WV Mountaineer 04-Apr-24
Matt 04-Apr-24
RutnStrut 04-Apr-24
WV Mountaineer 04-Apr-24
Matt 04-Apr-24
70lbDraw 05-Apr-24
spike78 05-Apr-24
JQM 05-Apr-24
DanaC 05-Apr-24
Beendare 05-Apr-24
Beendare 05-Apr-24
70lbDraw 05-Apr-24
bluedog 05-Apr-24
bigeasygator 05-Apr-24
bigeasygator 05-Apr-24
RutnStrut 05-Apr-24
Nyati 05-Apr-24
JQM 06-Apr-24
Beendare 06-Apr-24
spike78 06-Apr-24
bigeasygator 06-Apr-24
JQM 07-Apr-24
Beendare 08-Apr-24
KSflatlander 08-Apr-24
bigeasygator 08-Apr-24
JQM 08-Apr-24
Matt 08-Apr-24
bigeasygator 08-Apr-24
RutnStrut 08-Apr-24
shade mt 09-Apr-24
bigeasygator 09-Apr-24
Grey Ghost 09-Apr-24
DanaC 09-Apr-24
Grey Ghost 09-Apr-24
70lbDraw 09-Apr-24
bigeasygator 09-Apr-24
Beendare 09-Apr-24
bigeasygator 09-Apr-24
Beendare 09-Apr-24
bigeasygator 09-Apr-24
bigeasygator 09-Apr-24
Beendare 09-Apr-24
bigeasygator 09-Apr-24
Beendare 09-Apr-24
bigeasygator 09-Apr-24
JQM 09-Apr-24
70lbDraw 09-Apr-24
Matt 09-Apr-24
JQM 09-Apr-24
From: Nyati
07-Mar-24

Nyati 's embedded Photo
Nyati 's embedded Photo
Bidenomics is finally working. Inflation and high interest rates is starting to cause layoffs which will lead to higher unemployment.

From: HDE
07-Mar-24
Piss poor executive management will cause layoffs much sooner than gov't policy...

From: Nyati
07-Mar-24
Maybe, but I don’t think that’s the case here.

From: DanaC
07-Mar-24

DanaC's Link
How does the layoff rate compared to job growth?

"THE EMPLOYMENT S ITUATION — J ANUARY 2024 Total nonfarm payroll employment rose by 353,000 in January, and the unemployment rate remained at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, and social assistance. Employment declined in the mining, quarrying, and oil and gas extraction industry."

From: csalem
07-Mar-24
Dana are those numbers adjusted for what this regime does not want, like no food or energy numbers in the inflation numbers?

From: bigeasygator
07-Mar-24
You're asking if the unemployment rate is adjusted for food and energy prices?? Huh??

From: smarba
07-Mar-24
Yep, it's all rainbows and unicorn poop to the usuals.

From: bluedog
07-Mar-24
Once again I'm reminded I'm not exactly dropping in on a MENSA gathering when I visit Bowsite.. LMAO

From: Builder07
07-Mar-24
Employment Numbers out this morning. Over estimates and will get rounded up next month.

Bidenomics is simple they praying for 3 rate cuts during an election year. This has always worked. Fed balance sheet is not so simple. The COVID QE of 5 trillion has to reconciled and that cash is gone. No matter how you cut it Powell waited to long to start raising rates and that has now caused steady long term inflation, shrink-flation and huge unsecured debt on the average citizen. Buy now pay later is a huge problem. Many Regional Banks are in trouble. Powell is not going to make the mistake to drop rates to soon even though Joe is blowing up his phone everyday.

30% increases in food is nailing the 99% of America hard with 60% or more of the population without $1000 in liquid funds after bills. Joe has no chance without at least three rates cuts and its March.

Bidenomics is DOA on the Stump which leaves the left with J6 and that does not feed a family of four.

From: sundowner
07-Mar-24
"Bidenomics is DOA on the Stump which leaves the left with J6 and that does not feed a family of four."

Unfortunately it also leaves the left with abortion, which they will pound into the brains of young girls and women ad nausea.

Who would have ever thought that being in favor of killing more unborn babies would get a politician elected in this country? Shameful!!

From: Builder07
07-Mar-24

Builder07's Link
look at the polls. . . . That is at the bottom when you cant feed your living children.

From: DanaC
07-Mar-24
csalem, we're talking about employment. The OP clearly drops context, referring to 'lay-offs' without reference to overall 'employment.' 100,000 lay-offs is not a disaster if 300,000 new jobs are created. A 'percentage' rise in lay-offs is more than offset by job growth, but that doesn't make a cheap shot at Biden(omics) sing, does it?

There are lies, damned lies, and statistics. (Disraeli)

From: Builder07
07-Mar-24
Matters little when its still a pay cut due to inflation. half are second jobs anyway. There's goes yer life.

From: sundowner
07-Mar-24
"A 'percentage' rise in lay-offs is more than offset by job growth,"

Doesn't much matter to a guy with a mortgage, a car payment, 3 kids, and he just lost his job.

I've heard that a recession is when your neighbor loses his job, and a depression is when you lose YOUR job.....

From: bluedog
07-Mar-24
Personal responsibility.... the lost concept.. always somebody else's fault.

From: bigeasygator
07-Mar-24
Doesn't much matter to a guy with a mortgage, a car payment, 3 kids, and he just lost his job.

It should. Much better to lose a job in a strong job market than in a weak one.

From: DanaC
07-Mar-24
Getting laid off in my 40s was upsetting, but in the long run it worked out well.

From: Beendare
07-Mar-24
The US brought in $4 trillion in tax receipts and spent over $6 trillion [round numbers] That 40% + more than we took in...its unsustainable long term without destroying the citizens purchasing power.

This is a huge amount of overspending...and creating a lot of liquidity which is why the stock market is doing well and correspondingly inflation is still pervasive.

What is it going to take for the Biden Admin along with the House to realize they are spending us into oblivion?

From: spike78
07-Mar-24
Just wait until AI is in full swing then we will talk layoffs.

From: Recurve Man
07-Mar-24
That’s really good thinking Gator. Just like a stupid liberal would think.

Shane

From: bigeasygator
07-Mar-24
I think stupid is suggesting that the stress and emotion of a person experiencing a layoff (as real and acute as it may be) somehow discounts or negates the data showing that the job market is still very strong. But hey, different strokes for different folks.

From: TGbow
07-Mar-24
Any time you it starts costing more to live and you're paying more taxes...I don't give a d_m what the reports say.

07-Mar-24
One more time. The government leaves Food and all energy costs.

Vehicle fuel, heating fuel, electric bills. Out of the Inflation numbers.

Someone making $15 an hr driving 20 miles to work and feeding 2-3 kids most likely doesn’t feel the economy is good.

From: Orion
07-Mar-24
Some guys on here seem to like paying for more for groceries, gas, utilities, etc.

From: TGbow
07-Mar-24
Exactly Jay...especially when you have to choose between paying taxes or taking care of your family...and that's after they've extorted a big portion of what you've made all years.

From: buckhammer
07-Mar-24
Builder07 and Sundowner get it. Their posts nailed it. Then there is the bowsite lib who thinks that a guy losing his job is a good thing. Unbelievable.

07-Mar-24
They also say crime is down.

They play the same game with those numbers also.

Go into a drug store in any sanctuary city. If they haven’t closed the doors. Everything behind glass. Lock and key. Toothpaste has to be locked up.

The incompetent NY Governor after denying crime for the last two years. Now puts 1000 National guard troops in the subways. After a U.S. marine goes to jail for defending others in the cesspool.

Yep crime is back 1940s level. Don’t believe your lying eyes. Believe phony charts and graphs

From: Coop
07-Mar-24
I personally think the jobs numbers are skewed. I know several people that have taken on a second job to make ends meet. I've also noticed and talked to several folks that retired but have to go back to work to make ends meet. Sad days for sure.

From: bigeasygator
07-Mar-24
Then there is the bowsite lib who thinks that a guy losing his job is a good thing. Unbelievable

Literally no one on here said that.

I personally think the jobs numbers are skewed. I know several people that have taken on a second job to make ends meet. I've also noticed and talked to several folks that retired but have to go back to work to make ends meet

Maybe they should just stop collecting and reporting job numbers and have headlines like “Coop knows two guys that had to take a second job and one guy who had to come out of retirement to work.”

From: Beendare
07-Mar-24

Beendare's embedded Photo
Beendare's embedded Photo

Beendare's Link
Biden lied about creating Jobs for Americans. The jobs he created were for "Foreign Born" in other words illegals....and then part time jobs were way up.

The stat for US citizens DROPPED. That right, US citizens wanting full time jobs dropped slightly. This screen shot is from the SL Fed- linked with the full p[age showing foreign born jobs up along with this...our own gov statisticians show how Biden is lying to us.

Seriously, can we all grow an IQ here....

From: TGbow
07-Mar-24
It should be evident where we are economically...it is to me

From: Coop
07-Mar-24
Maybe they should just stop collecting and reporting job numbers and have headlines like “Coop knows two guys that had to take a second job and one guy who had to come out of retirement to work.” Dude you don't know me and I don't know you. But when I stop by at the local gas and go and see 70 year old women working the cash register that can barely function running the cash register working because she can't make it on her pension SS (entitlement) thats she paid in for her entire life I have a SERIOUS problem

07-Mar-24
The liberal Democrat Biden voters are easy to see in these threads. They are proud the deck chairs are all lined up as the Titanic sinks.

From: bigeasygator
07-Mar-24
Dude you don't know me and I don't know you. But when I stop by at the local gas and go and see 70 year old women working the cash register that can barely function running the cash register working because she can't make it on her pension SS (entitlement) thats she paid in for her entire life I have a SERIOUS problem

You’re right Coop, I don’t know you. But I know what you said, and it’s emblematic of a lot of people around here. It’s a riff on the refrain of “I don’t believe the numbers because I know a guy.” I don’t know if it comes from a lack of trust or just a misunderstanding of what the numbers reflect (or some combination of each), but it’s prevalent on this site. And it’s problematic IMO.

Regarding the 70 year old woman having to continue to work, I’ll quote bluedog from earlier in the thread “Personal responsibility.... the lost concept.. always somebody else's fault.” That goes for retirement planning as well.

From: Norseman
07-Mar-24

Norseman 's embedded Photo
Norseman 's embedded Photo

From: Grey Ghost
07-Mar-24
Just a public service announcement. The feds use multiple criteria to evaluate inflation. The year over year numbers that include food and energy are lower than the numbers that don’t, because of the large decrease in energy costs.

I can provide links, if anyone is interested in learning rather than spewing political rhetoric.

Matt

From: DanaC
08-Mar-24
" “Personal responsibility.... the lost concept.. always somebody else's fault.” That goes for retirement planning as well. "

If 'collect Social Security' is your *entire* financial 'plan' for retirement, you're screwed.

I would love to see a good random sampling of the retirement plans of participants here. Then compare that to the general population. How many have a government pension, how many have a corporate or a union pension? How many have an IRA or 401(k)? How many did or did not take advantage of employer contribution matching? (If it was offered.) etc.etc.

I hear a few people joke that their retirement plan is to have a massive heart attack when they turn 65. The sad part is, that's probably the only way they won't be living under a bridge.

From: shade mt
08-Mar-24
i can't speak for all over the country...but we are getting way WAY WAY! less calls for work than in the past, In fact it's not even close. And many of the estimates i give now, i never hear back, people just can't afford it, can't say i blame them.

I don't just look at separate issues like economy etc... I look at the whole BIG picture. There is something to be said about a "sound mind"......Once you lose the ability to make rational, sound and yes moral decisions, everything goes south. The whole concept of as long as i got money everything is fine, doesn't pan out....just don't work that way....the money might be there, but so are A LOT! of other problems....This world is rapidly self destructing, and people like Biden are right there to lead the way. Not just economically, but in many ways.

Artificial intelligence, Mind control, bio warfare, cyber warfare.....moral decline.....economy....etc..etc...etc. We have become so smart....................yet we are so dumb.

08-Mar-24
Here’s my view of Bidenomics in a nutshell. Biden and his Marxist cronies Covid policies, bankrupting small businesses, keeping the economy closed, 18 months longer than science. Dictated. crushing the economy and jobs.

Then, when those jobs rebound, he takes credit for job creation. Typical liberals. destroy something then brag that they had to fix it.

Just as they are purposely doing at the border and crime, create chaos, then say they are the only ones that can fix it just give us more money and power. Look what citizens are willing to do in New York live under a police state for safety, so we are trading our freedom for safety now.

A Marxist dream. create chaos, then create the solution that gives you more authority

From: Catscratch
08-Mar-24
"The year over year numbers that include food and energy are lower than the numbers that don’t, because of the large decrease in energy costs. I can provide links, if anyone is interested in learning rather than spewing political rhetoric.

Matt"

I'd like to see that data Matt. I haven't looked up comparisons but it sure seems like food and gas is more expensive than it was 5yrs ago.

From: Builder07
08-Mar-24
Please send us that then we can invert it to the criteria used before the Slick Willie ERA. Inflation WAY BACK Machine. You may want to look at the DEC and Jan 2023 employment numbers again this morning. They were just adjusted higher. They were off and probably purposely for year end reasons. Why folks thought Feb numbers were an outlier. They were not. The earlier two months were skewed.

From: TonyBear
08-Mar-24
"'...dismal surge in employment layoffs recently, as reported by Challenger, Gray & Christmas. The report revealed the acceleration of job cuts by U.S. employers "marked the highest layoff total for the month of February in data going back to 2009."

That's abysmal. Certainly not optimal news for Biden or the Biden administration to get just before the State of the Union. Oh no, where is the Biden and Kamala going to get all the money they need to fund the lifestyles of all the illegal immigrants they just welcomed through the door of the southern border? Taxes on the retired folks most likely.

I retired last year after over 4 decades of working in the core sciences, environmental safety and worker health. In my home state right now the average timeline for an environmental approval in best case is about 500 days. Some push in the current legislature to get it to 50 days or at least within 1 construction season. We had a great warm winter in the North and tons of work was delayed by the process. Resulting in lay-offs...Missed opportunities all around. Even more nuts is the trifecta Dems calling for licensing and registration for any painters. College kids ( or maybe new immigrants?) working for a contractor and even homeowners if you buy more than a certain volume of paint. Imagine Sherman Williams and Home Depot reporting you to the govt. since you wanted to save money and hire college kids or paint your house yourself. Government overreach and piss poor policies. No wonder that Senator from Alabama sounded so pissed off last night.

From: Grey Ghost
08-Mar-24

Grey Ghost's Link
"I'd like to see that data Matt. I haven't looked up comparisons but it sure seems like food and gas is more expensive than it was 5yrs ago."

Of course they are. In a healthy economy prices will always inflate. That's economics 101.

But that wasn't my point. Earlier, someone was claiming the inflation numbers were a hoax because they don't include food and energy. I pointed out that there are several measures of inflation, including numbers that do include food and energy.

The most recent year over year numbers show that inflation rose 3.9%, excluding food and energy. During that period food rose 2.6% and energy decreased 4.6%. If you include food and energy, inflation rose 3.1% from the same period last year.

So, claiming the inflation numbers are manipulated lower because they don't include food and energy is false and ignores data that is readily available to anyone.

From: Beendare
08-Mar-24

Beendare's Link
The Feb Jobs number is in...and the front line number looks good. This has been the same with every front line number since Biden took office.

The kicker is....the good January front line number was just reconciled and revised down by 35%. Unemployed is up....and household reports don't jibe with the Front line stats Biden shouts from the tree tops.

It begs the question- what's the truth?

Is the Biden admin tweaking the numbers for political reasons then the agency in charge "Adjusts" it down on every single report since Biden took office.

Worth noting is the big rise in Government jobs...and the part time jobs number at "Drinking establishments" which I would assume are Barristas and Bartenders- grin

My link has a really good breakdown of where the jobs are and who is getting them. The link has other economic reports that somewhat conflict with the top line report. Again, is this Admin lying to us to inflate the claims of Bidenomics?

On the whole, it's fairly positive for everyone except US citizens seeking a full time job.

08-Mar-24
It was funny his defense for a college student getting murdered by an illegal alien is that hey what about the tens of thousands of murders by legal citizens.

Then continues lying about crime being down

When we all know they are not charging anybody in the major cities

From: Matt
08-Mar-24

Matt's Link
Has anyone actually thought about whether it is beneficial for the Biden administration to inflate jobs numbers when it is that very sort of data point which is keeping the Fed from lowering interest rates? Many political pundits see high interest rates as a key headwind for Biden in his re-election bid, so artificially inflating jobs number LOWER would be to his benefit.

From: Grey Ghost
08-Mar-24
Revisions to the previous month's jobs report happen 3 times in the current month, always. They are nothing new, and 30% or greater changes are common. The reason is, on average only about 70% of the job surveys come in on time for the first of the month report. So, as the remaining surveys trickle in over the month, the number gets revised to reflect the new information.

It's not some political ploy. It's how the system has worked for decades.

The more you know.....

From: Beendare
08-Mar-24

Beendare's Link
Yeah the more you know.

Part time job and Illegals named “foreign nationals” in the fed reports account for the vast majority of new jobs Biden is shouting about.(see link) in fact, full time jobs for US citizen's hasn’t budged since 2018. Hmmm

The Household survey (and ADP payroll) - which counts those actually employed, contradicts the Biden claims month after month showing a negative number.

Then there is actual unemployed going up …. Which would back the Household and ADP reports.

Then- did we really need 52,000 more gov jobs in Feb and about the same in Jan?

Yep, the more you know- all broken down in the link above, “ Inside The Most Ridiculous Jobs Report In Recent History: Record 1.2 Million Immigrant Jobs Added In One Month” on Zero Hedge.com

From: Beendare
08-Mar-24
MattB, I think the Fed can see through the politics and hyperbole.

The facts and charts are there on my links- from various sources and not just the BLS

From: Matt
08-Mar-24
The Fed is data-driven as evidenced by the lack of rate cuts to date - despite pressure from the current administration.

Based on the most recent estimate I could find (2021), the Easton are is that 22% of foreign-born workers in the U.S. were illegal. That would make 78% U.S. citizens.

From: Grey Ghost
09-Mar-24
Bruce, ZeroHedge? Seriously?

From: Builder07
09-Mar-24
This you need to go study the Fed balance sheets at their site and correlate the dates, $ printed and rate changes. Pretty clear why we are in the Inflationary toilet.

Lack of rate cuts???? No my friend that's not why. Your listening to Wall ST investors not looking at the sheets.

From: KSflatlander
09-Mar-24

KSflatlander's Link
"ZeroHedge’s content has been classified as “alt-right” and has been criticized for presenting conspiracy theories.

In review, ZeroHedge publishes pro-right wing/Trump articles such as Pat Buchanan: “Trump Calls Off Cold War II.” As well as fake news stories regarding liberals: Anti-Trump Protesters Bused Into Austin, Chicago.

Editorial content is written under the pseudonym Tyler Durden and usually focuses on conspiracies related to economic collapse. Zero Hedge sources from factually mixed think tanks such as The Mises Institute, which promotes Austrian (Anarcho-Capitalism) economics. Finally, during the Coronavirus pandemic, they have frequently promoted false and misleading information, as evidenced by failed fact checks below."

This is your brain on conspiracy theories.

09-Mar-24
Just saying Bidenomics is hilarious

And everyone in the room is now dumber for having heard the word said out loud

09-Mar-24

From: Catscratch
09-Mar-24
Thanks for the link Grey Ghost! I understand your point and know that inflation is a year to year increase, you are correct in that.

I think that most of us who aren't agreeing that "the economy is doing great" statements are referring to the total increase since biden took office. Milk in 2020 was $3.32 per gallon. Milk today is $4.36 per gallon. That's a 31% increase in a very short time. I don't want to be told that the food and fuel I HAVE to buy that has gone up over 30% is great economics because it's slowed to only going up 3% last year. I want it to go back down to 4yr ago numbers THEN resume normal inflation. When I'm told that I should be happy for the 31% increase, + 3% inflation I feel the same as I did being told that the BLM protests were peaceful, that Rittenhouse is a white supremist, and that a .223 goes 5x faster out of a AR than it does other platforms.

From: 70lbDraw
09-Mar-24
“I want it to go back down to 4yr ago numbers THEN resume normal inflation.”

Don’t hold your breath. Maryland just passed a bill to allow “illegals” to buy healthcare. Of course, they’ll be buying it with OUR taxpayer money. But don’t worry, even though China Joe told us this was his plan from the beginning, the bowlibs will assure us that it’s just another harmless conspiracy theory from the folks that worship trump.

So yes, democracy is thriving!…thanks to your tax dollars at work!

From: Grey Ghost
09-Mar-24
Scratch, I hear you. I think we would all like to see a pre-covid reset to the prices of all household expenses. Unfortunately, that's not likely.

That said, I try to look at the bigger picture. The median US household net worth from 2019 to 2022 (most recent reported period) grew 37%. That far outpaced inflation. I know things like home appreciation and IRA gains don't make paying for groceries any easier, but net worth is a measure of a person's financial health. In that sense, I suspect we both are better off than 4 years ago.

That's certainly not an endorsement for Biden, I think he's been the most inept president of my lifetime. It is, however, an endorsement for the strength and resiliency of the US economy, which I think the POTUS has far less to do with than most people think.

From: TGbow
09-Mar-24
Yep, the president can only do so much, but president Biden has done his best at doing the worse for our nation...along with several others on both sides of the aisle

From: Beendare
09-Mar-24
Oh cmon.

I love it when guys are dead wrong…and they blame the source- essentially in denial- to keep justifying their political beliefs. Thats just weak minded justification.

We will never move forward as a country with such stubborn polarized thinking.

That Zero Hedge article derived the info directly from the SL Fed, the ADP report and other legit sources. The only “Jobs” Biden created was pumping the gov payrolls which will cost us billions for a long time. Part time jobs and jobs t9 “ foreign” illegals are up skewing the jobs numbers. US citizens are actually losing jobs. I get it, thats a tough pill to swallow if you are a died in the wool Democrat to realize their policy is hurting our country on many fronts.

When one realizes that everything this current admin does is to buy votes- it becomes clear; more gov jobs, giving money for student loans, bringing in a massive amount of illegal immigrants, money to all of the special interest groups.

Its obvious to anyone with critical thinking skills- the Dem party and much of the Rep party has been hijacked by big money special interests that are not in the best interests of the avg American.

Simple question; Does anyone really believe Biden is calling the shots?

Now we know; Voting in the weakest senile puppet in the history of the world was a trick played on the Dem voter base contrived by the DNC. The real question is, how much longer will those voters allow themselves to be fooled?

.

From: Catscratch
09-Mar-24
I agree Grey Ghost, I don't think we're going back. That's my point though, unless wages go up 30% (in the same time frame) to match rising costs then our buying power is diminished. People with assets might appreciate climbing values but people who put major percentages of their income into food and fuel think this economy sucks. My whole point is that people who can buy a lot less now than they could 4yrs ago don't want to be told that the economy is doing great. It's a slap in the face. Net worth doesn't mean much if you end up selling out to buy groceries.

From: Grey Ghost
09-Mar-24
'I love it when guys are dead wrong…and they blame the source- essentially in denial- to keep justifying their political beliefs. Thats just weak minded justification.

If that's directed towards me, please tell me what I've been "dead wrong" about on this thread. In the meantime, I'll start with something you were dead wrong about.

"Is the Biden admin tweaking the numbers for political reasons then the agency in charge "Adjusts" it down on every single report since Biden took office."

That is dead wrong, and easily verified. The BLS numbers have not been revised down "every single report since Biden took office". But you have to look at reliable sources to find the information, not alt-right clown show sites.

From: Grey Ghost
09-Mar-24
Scratch, if the economy tanked, markets crashed, and we were thrown into a long recession, do you think the majority of people would be happier because they would be paying less for food and fuel? Like I said, nobody likes high inflation, but the flip side is worse, IMO.

From: csalem
09-Mar-24
GG. You know it’s not as drastic as all of that.

From: Grey Ghost
09-Mar-24
csalem, then you tell me, what would actually bring a widespread decline in household expenses other than a recession? Do you think employers are just going to increase wages out of the goodness in their hearts? Do you think banks will reduce your mortgage or car payment because they're good samaritans? Will manufactures lower the price of their products out of charity?

There are causes and affects to everything that happens with the economy. The people who complain about the current economy need to think about what the alternative is.

From: Builder07
09-Mar-24
A long term recession for some may have well been better. Depends on your life situation. Liquid heavy folks would do just fine with super high interest rates in safe havens.

The FRS system is a separate entity and it has performed poorly since 2020. They printed money in total of 5 + Trillion and pissed it a way. In free market capital system there should have losses. Now we have to deal with Powell's poor decision's. In most cases they did not save the average taxpayer, they saved The Big Guys.

I am I better off since Jan 2020 ? You bet but I bet against the table. Had nothing to do with what Powell did for sure. If I had took some profits a week ago the gross would have been 200K more than its worth today. Free market at work. You win some you loose some. Does this mean I buy beef at stupid prices? Like to pay for milk more than I do for Diesel? Hell, no.

Will Powell try to sneak in a rate cut or two before Nov 5th? You bet. Will it help at kitchen tables ? Heck no and wont ease the issue of flooding the country with the QE in those Covid stimulus'. If Joe could he dump two Trillion more in by Nov.

When inflation gets to high people tighten up, businesses tighten up, money flow tightens. Bills are coming due, I'm gonna get stuck and so are all of you taxpayers for this nonsense.

From: Grey Ghost
09-Mar-24
A long term recession for some may have well been better. Depends on your life situation. Liquid heavy folks would do just fine with super high interest rates in safe havens."

And how many "average tax payers" are "liquid heavy"?

It's so cute watching Shawn Magyar brag about his brilliant investments while acting concerned about the "average taxpayer". He must have taken lessons from Pelosi.

From: Beendare
09-Mar-24
Oh the indignation Matt- just look at the facts from our own Gov agencies, ADP and other sources.

Elon Musk exposes the Democrats dirty tricks; _____ Tesla CEO and X owner Elon Musk has revealed how the Democratic Party uses illegal immigration to rig the electoral system in its favor.

Posting on his X platform, Musk responded to the news that Democrats in the Senate had unaninamously voted down an amendment to stop illegal aliens from being counted in apportionment for congressional districts and the Electoral College.

He explained:

Most Americans do not know that the US census currently counts, for purposes of voting power, all people in a district, regardless of citizenship!

Senate Democrats just voted unanimously to defeat an amendment that would have stopped counting illegals for congressional seat apportionment and electoral college (presidential) votes. Since illegals are mostly in Democrat states, both the House and the Presidential vote are shifted ~5% to the left, which is enough to change the entire balance of power!

From: Grey Ghost
09-Mar-24
I care about what Musk says less than I do Pelosi. Nobody has benefitted from taxpayers more than he has. I've been enjoying watching Tesla stock tank.

From: 70lbDraw
09-Mar-24
“I care about what Musk says less than I do Pelosi.”

That doesn’t mean there isn’t some truth to what he said. It shouldn’t matter who points it out, it should matter if it’s in fact true.

From: Grey Ghost
09-Mar-24
Musk is the definition of a hypocrite. He's made billions off of government subsidies, then has the nerve to pretend he's in the right's corner. Fck him..

From: Beendare
09-Mar-24
I suppose it's tough medicine to hear the truth....but Biden is crowing about part time jobs, Jobs to illegals,,,all while jobs to US Citizens full time employment has dropped slightly. The ADP reports back this up with rising unemployment.

Here's the page screen shot from the SL FED itself...rant away but those are the facts.

From: Beendare
09-Mar-24
I suppose it's tough medicine to hear the truth....but Biden is crowing about part time jobs, Jobs to illegals,,,all while jobs to US Citizens full time employment has dropped slightly. The ADP reports back this up with rising unemployment.

Here's the page screen shot from the SL FED itself...rant away but those are the facts.

Edit, for some reason the Screen shot is not loading, link to FRED on their searchable data base is; https://fred.stlouisfed.org/release/tables?rid=50&eid=2698

From: Grey Ghost
09-Mar-24
"I suppose it's tough medicine to hear the truth....but Biden is crowing about part time jobs, Jobs to illegals,,,all while jobs to US Citizens full time employment has dropped slightly."

I suppose it's tough medicine to actually interpret the data, instead of letting ZeroHedge do your thinking.

Have you ever considered the fact that the BLS considers anything under 35 hours per week part time employment? The national average is 34.3 hours/week. So, is it any surprise that the majority of job growth has been part time?

From: Beendare
09-Mar-24
Matt, I'm just showing you the facts.

From: Grey Ghost
09-Mar-24
Bruce, I'm just explaining them to you.

From: Mint
09-Mar-24
What would help lower inflation is for Biden to stop forgiving student loans every other week and both parties stop all the spending especially funding these NGO's. Getting the supply chain back to normal would help too. Too much money chasing too few goods. I can tell you these high interest rates will cause corporations to tighten their belts as their new debt costs go way up. If Biden and they Dems get full control again just based on his SOTU we are in for a lot of spending and inflation.

From: Mint
09-Mar-24
I do have a transit system i have to make a payment to that gets adjusted for CPI and it's in a very liberal city and it really has been jumping up since Biden has been in office with the inflation rate so high. It's a substantial payment so it definitely hurts especially with client rate hikes remaining flat.

From: bigeasygator
10-Mar-24
Bet if we did a check, the same people bemoaning inflation now are the same people that applauded Trump’s tariffs…

From: 70lbDraw
10-Mar-24
“Musk is the definition of a hypocrite. He's made billions off of government subsidies, then has the nerve to pretend he's in the right's corner. Fck him..”

Just because you don’t like the guy, doesn’t change a fact to a lie, or viva-versa. Similar to trump. Just because you hate him, it doesn’t make him any more or less guilty of the crime he did or did not commit.

From: Beendare
10-Mar-24
“Explain it to me”…Ha, thats your way of saying you will find any excuse for ignoring the fact that Bidenomics is wrecking our country- got it.

Its lame to suggest that PT time job growth is good for the country. These menial jobs- Target, Costco and such do cap the hours to limit full time benefits. So the fact Biden is creating more of those and not the full time jobs with benefits someone needs to raise a family is good news to you?

Benefits and HC has gone way up since Obama- and its even worse under Bidenomics- thats a fact. The Democrat party is responsible for these unintended consequences of their policy decisions. Instead of a balanced approach, they go all in on Climate change and special interests…and have cost the avg American dearly.

.

From: Grey Ghost
10-Mar-24
"So the fact Biden is creating more of those and not the full time jobs with benefits someone needs to raise a family is good news to you?

First, I never said it was a "good news". Second, I don't credit Biden for creating jobs. I credit the US economy. Third, I don't let ZeroHedge do my thinking for me, like you do. Now, for a few actual facts. Here's a breakdown of the sectors with the largest job growth in February.

Health Care - 67,000 jobs

Government - 52,000 jobs

Food and Drink Places - 42,000 jobs

Social Assistance - 24,000 jobs

Construction - 23,000 jobs

Transportation and Warehousing - 20,000 jobs

Retail Trade - 19,000 Jobs.

Those 7 sectors represent 90% of the estimated job growth. I wouldn't exactly call that list all "menial" jobs. I'm also reading, since covid, an increasing number of workers are choosing to work part time, not because they can't find a full time job. I don't consider that a healthy trend, but it could partially explain why part time job growth is higher.

From: Builder07
10-Mar-24

Builder07's Link
This ought to clear it up for you GG.

Clearly sated the plan is for a longer run of inflation and dumping their US Securities at record levels will continue to keep the economy tight. That's the plan. Rate cuts will do next to nothing for kitchen tables but rather help the 1%ers and the Street greatly.

Yer ETF's are not going magically jump with this monetary policy by the Fed. Goal as stated of 2% inflation is a pipe dream yet they quote over and over. Because my nephew had to get two extra jobs and it makes those numbers inflate again means little.

From: Grey Ghost
10-Mar-24
Yes, Shawn Magyar, I read that statement over a month ago when it first came out. I'm not sure what your point is. Where have I ever said the feds monetary policy will reduce the cost of groceries? As usual, your input is meaningless.

From: Matt
10-Mar-24

Matt's Link
“Pretty clear why we are in the Inflationary toilet. Lack of rate cuts???? No my friend that's not why.”

You don’t seem to understand the chronology at play here or the point I made. The DOT printing dollars for COVID stimulus accelerated inflation and the Fed increased rates to decrease the rate of inflation by slowing economic growth. The Fed isn’t going to decrease rates until they have persistent data indicating inflation has been brought down to near target levels. Lower than expected unemployment will extend out the timeline for Fed lowering rates.

“Oh the indignation Matt- just look at the facts from our own Gov agencies, ADP and other sources.”

Like ~78% of “foreign born” U.S. residents aren’t illegal aliens and just under 50% of “foreign born” are U.S. citizens?

But you are correct that, in my estimation, we will never move forward as a country with stubborn polarized thinking.

From: Builder07
11-Mar-24
That would be a report not a statement. Was published and signed just a week and a half ago. If you can read the between the lines that inflation is going to be here awhile.

Well, when you have the current Government moving forward with convicted felons and illegals to have full voting abilities what do you think would happen? The other 200 million US born citizens just go merrily along with this. Of course your going to have polarization and probably a helluva lot more if it continues and it will not be pretty.

From: Grey Ghost
11-Mar-24
"That would be a report not a statement. "

Umm...its titled "Statement on Longer-run goals and monetary Policy strategy" But what difference does that make, Shawn, it's still old news.

We get another CPI report tomorrow, so we'll see how the inflation situation is doing. I sure don't see people cutting back on spending. The Colorado ski industry is booming. Our once sleepy little mountain town in Winter Park is turning into another Vail. It's great for our condo's property value, but I sure enjoyed it more 20 years ago.

From: Mint
11-Mar-24
"Bet if we did a check, the same people bemoaning inflation now are the same people that applauded Trump’s tariffs…" Unfortunately, when there isn't a level playing field tariffs are required. Do you really think China is an honest free trade partner? Is it fair that Europe charges 10% tariffs on our autos but we charge 2.5%?

From: bigeasygator
11-Mar-24
If you can read the between the lines that inflation is going to be here awhile.

How is that surprising? Inflation is literally one of the goals of the Fed.

Well, when you have the current Government moving forward with convicted felons and illegals to have full voting abilities what do you think would happen?

No they aren't.

Unfortunately, when there isn't a level playing field tariffs are required. Do you really think China is an honest free trade partner? Is it fair that Europe charges 10% tariffs on our autos but we charge 2.5%?

That's not how tariffs work. More tariffs do not bring freer trade, regardless if they are retaliatory. This is a classic situation of "two wrongs don't make a right." It has nothing to do with "fair."

From: 12yards
11-Mar-24
I'll ask the big question again. What will Republicans do to change the current mess? Quit spending?

From: jjs
11-Mar-24
$1 trillion added to the national debt every month on $34 trillion debt, the dream will end in a nightmare. Enjoy the hunt.

From: Nyati
11-Mar-24
Since September of this year, however, government jobs has taken up more than twenty percent of all new jobs in each month. In December, government jobs reached 24.9 percent of all new jobs.

One thing that can be done is quit adding jobs in government and change policy and set conditions so the private sector can develop and create jobs

From: 70lbDraw
11-Mar-24
“Well, when you have the current Government moving forward with convicted felons and illegals to have full voting abilities what do you think would happen?

No they aren't.”

I saw the same article.

I also saw one that said the White House quelled trumps request for national guard on J6.

Saw one today about Liticia James wanting to punish firefighters for booing her and cheering trump?!?!

I finally discovered why liberals are referred to as sheep. It’s the only way they can continue to create enough wool to pull over our eyes.

From: Builder07
11-Mar-24
You must have Winter Park confused with C. Butte. Was skiing Mary Jane since early 80's. What did you think would happen to a place with a commuter rail service from Denver right to the Mountain?

Yep I lived in CO in early 80's all the archery elk hunting back then I dont think I ever saw another archer in the Mt's on western slope. Knew then that the place would be a magnet for North Easterners and CA residents and illegals.

The first Bill Joebama initiated was to normalize the invasion, US Citizenship Act. This is no secret what the Dem's planais and was. They want more seats in congress and to count illegals in the census in Blue states.

From: Beendare
11-Mar-24
We can argue the minutia…but the big picture is there for all to see.

When an admin tells us Climate is our biggest issue and they are attempting to spend trillions to supposedly counter its effects.

When an admin is buying votes; pandering to special interests, paying off bad decision student loans, bringing in millions of illegals, handing them money in an attempt to, “ Vote Democrat”

Political prosecutions- unequal justice

Pander to criminals, vilify and defund LE agencies ——-

The big picture of Bidenomics is bad for our country and its shocking to me some argue its a good thing.

From: Grey Ghost
11-Mar-24
You must have Winter Park confused with C. Butte.

I had no illusions that Winter Park would remain a sleepy mountain town. That's why we invested there. It was nice when it was a relatively unknown hang out for locals, though. It's just too beautiful to stay that way I reckon. It's insane what we could rent our condo for, if we chose to.

But that's kinda my point. I just don't see this horrible economy some of you do. What I see is record numbers of people paying over $200/day to slide down a mountain, and the vast majority of them are non-resident travelers. The price of milk or beef doesn't seem to be bothering them too much.

From: Nyati
11-Mar-24
The wealthy 10% is flying to CO to go skiing for a few days. 20% is living off the government. The other 70% is getting by week by week.

From: Builder07
11-Mar-24
Nyati You hammered it. Exactly!

Everyone gets a chance to get it done several times in life to get er done. Covid was one of those. Any fool could have made serious $ in the markets tumble. Risk is inherent in the game. You could have threw a spitball on the wall and made out BIG. Doesn't change the fact the Joebama's three terms in the WH has really hurt regular folks every week at the store and will continue to do so. Folks need to pull their heads out of their 4th point of contact and realize what those 12yrs have done. Clearly, many are coming to their senses now.

From: bigeasygator
11-Mar-24
Doesn't change the fact the Joebama's three terms in the WH has really hurt regular folks every week at the store and will continue to do so.

How were regular folks hurt at the store during the period Obama was President when inflation averaged well under 2%? Regardless, you all give Presidents waaaaaaaay too much credit for the economy.

From: Nyati
11-Mar-24

Nyati 's embedded Photo
Nyati 's embedded Photo
Here’s what Bidenomics has done to the average person. Average US home price in USA for 2024 is 395,000.00 Biden and democrats spent trillions too much money and added to inflation. In order to help fight inflation the FED had to raise interest rates. While it may have slowed the RATE of inflation it has in no way reduced inflation. It’s baked in. Now , add to that baked in inflation another 800 dollars a month to afford a house and it’s no wonder families budgets are stretched. Even according to a CNN report record numbers of people are having to make hardship withdrawals from their 401Ks to make ends meet. This is going to hurt their net worth and retirement in later years of life.

From: Grey Ghost
11-Mar-24

Grey Ghost's Link
"Even according to a CNN report record numbers of people are having to make hardship withdrawals from their 401Ks to make ends meet.">

I read that article too. Only I read the whole article, not just the headline. What it said was the number of hardship withdrawals was the highest level since they've been tracking the data, a mere 5 quarters. And the number represented just 0.59% of all the banks 401K participants. That's less than 1%, if you aren't good with numbers.

It also said this:

"The good news is that despite the high cost of living, many Americans are still socking away money in their retirement accounts.

Bank of America found 401(k) contribution rates were steady during the third quarter at 6.5%.

Even better, Bank of America found that more than one in five (21.3%) of Gen Z and 10.4% of Millennials are ramping up their contribution rates. Just under 3% of those age groups are cutting back on their retirement savings."

From: TRnCO
11-Mar-24
but yet, there is this:

Credit card debt, the amount owed by all Americans on their credit cards, rose to a record $1.13 trillion at the end of last year, the Federal Reserve Bank of New York reported Tuesday.

Card balances increased by about $50 billion, or 4.6%, in the fourth quarter of 2023.

Credit card delinquencies, the amount of time in which cardholders fall behind in making payments, also increased. The percentage of card delinquencies 90 days or more rose to 6.4% from 4% in the fourth quarter of 2022.

Card debt contributed to the rise in total household debt, the amount owed by all members of a household, which rose to $17.5 trillion, an increase of $212 billion in the same period.

From: bigeasygator
11-Mar-24
Here’s what Bidenomics has done to the average person

You mean here's what years of easy money, pandemic driven stimulus, post-pandemic recovery, and fed policy have done to the average person. I don't even know what "Bidenomics" are, and most of what comes out of his mouth is nonsense, but the reality is that he really hasn't done much of anything. I'd argue the single biggest unilateral act a President has taken to add to prices in the recent past was Trump's tariffs. Where's the bitching about those?

Now , add to that baked in inflation another 800 dollars a month to afford a house and it’s no wonder families budgets are stretched.

That's only really relevant to people with adjustable rate mortgages or who are looking to purchase a house.

While it may have slowed the RATE of inflation it has in no way reduced inflation

It astounds me how many people fail to grasp the most basic of definitions of economic terms. Inflation - which is the the rate at which prices rise- has indeed reduced.

If what you're saying is that prices have not come down, that's true. But that's not what inflation is. If what you're saying is wages have not kept up with inflation, that's also true over the last few years. But inflation has indeed reduced from peak levels.

Inflation does not equal prices.

From: Nyati
11-Mar-24
Wages have increased but have not kept pace with inflation. Real wages have decreased. People don’t have the buying power that they did have 4 years ago. Buying a home is the epitome of the American dream and for a lot of people is their biggest investment and asset. People are getting priced out of that opportunity. I don’t think that most reasonable people would disagree that there was a need for government spending with the pandemic but I also think most reasonable people think that continued government spending in the name of the pandemic wasn’t needed and helped fuel the inflation fire.

From: DanaC
11-Mar-24
"but I also think most reasonable people think that continued government spending in the name of the pandemic wasn’t needed and helped fuel the inflation fire. ""

On the other hand, cutting 'pandemic' spending 'cold turkey' would have had its own adverse 'shock' effects. Problem is always how to ramp spending down with minimum negative impact.

From: Mint
11-Mar-24
Inflation has indeed come down to a little over 3% but if Biden gets his budget passed it will jump way up again. Remember when first they said inflation wasn't going to increase, then it was transitory, then inflation was a good thing? Most of Obama's and Clinton economic advisors said not to keep spending and they were ignored.

From: Beendare
11-Mar-24
Some experts say the easy money policy we have had for the last dozen years plus accounts for all of the growth in our economy. I can see that.

The president sets the tone of the country. Just as Regan lifted us by providing opportunity and calling out Americans to be responsible for their own success, I see Biden doing the opposite.

Every policy from the Biden admin is saying to people, "You aren't responsible, vote for us and we will give you free stuff"

Stay home we will pay you was a big one.

Come here from the prison in Venezuela and we will pay you

LGBTQ- oh, you deserve money...and Military Commanders in dresses worried more about pronouns than protecting our country

That Film degree won't get you a $100k a year job- no worries, we will pay off your student loan- no matter that others have worked hard to pay for their loans or their kids education

Bidenomics in a nutshell is; wealth redistribution, no accountability and buying votes.

From: Beendare
11-Mar-24
The fact that horrible Dem policy doesn't affect me so much is besides the point;

sure, I live in an affluent area- I don't have to live down in Oakland where my niece just got her car stolen from Kaiser hospital...and Kaiser tells their employees its best not to leave the building for lunch

I can use my wits to make and keep my money...and scheme my way around the pitfalls. I don't worry about my kids so much either- they get it.

It's the folks that work for me is who I worry about. They can't afford to live in affluent areas. They have to deal with high food , gas and everything else. Their kids have to deal with the upheaval and violence in schools.

We are a society that allows bad behavior. "Oh, you committed 90 crimes in the last 6 months....there are too many people in prison [how many times have I heard that line from a liberal progressive?] you can go free"

We won't have a legit gov until the folks that have always voted Democrat because their parents voted Democrat realize- oops, it's not the party of JFK anymore....and we won't have a legit gov until we get term limits...and a smarter voter base.

It's then when we will get reasonable candidates- fiscally conservative Managers that will set us straight and not the polarizing candidates we have now.

I think a lot of Reps feel the system is so broken that it will take a hard core Trump type to set some of the Federal agency idiocy on its ear.

From: Builder07
11-Mar-24
Ben Your a good one. Always on point. Facts matter.

11-Mar-24
The American voter doesn’t have to be smart. So much of this country has skated by on credit, I’m not sure we could turn it now if we wanted.

It’s seriously scary how people rationalize personal choices.

From: Grey Ghost
11-Mar-24
Personal responsibility, the lost art, like bluedog said earlier. Those who still have it are doing fine.

From: KsRancher
12-Mar-24
From my observations. The people who have generational wealth or self made wealth are doing great in our economy. They people that are just working a job raising a family are REALLY struggling the past 2yrs. I may be wrong. But it seems the number of people that are wealthy has been growing at a fast pace. I hear all the time that they are "just running on credit". I don't believe that for one minute. If that's the case they couldn't keep living that lifestyle for 10-15yrs. They would go broke running on credit. People are just accumulating wealth. And they are doing great in the current economy. So that is my guess why some people say the economy is doing fine. And some say it currently sucks. I am here to tell. It's been rough for me. I never carried a credit card balance in my life until the past year.

12-Mar-24
I spent $73 Saturday at the grocery store. It is just me and the wife. We eat healthy.

I had 5 bags total of vegetables, two rolls of breakfast sausage, and a gallon of milk.

Inflation maybe dropping but, prices aren’t. We can play semantics if you want. But, prices are high and they aren’t going down. And, opportunity for the young family is hard to come by.

If that doesn’t bother you then that’s ok. But, leaving something better once you’re gone should be the goal. And, the return on your portfolio isn’t a mark to measure that success by.

From: DanaC
12-Mar-24
" We won't have a legit gov until the folks that have always voted Democrat because their parents voted Democrat realize- oops, it's not the party of JFK anymore"

We won't have a legit gov until the folks that have always voted Republican because their parents voted Republican realize- oops, it's not the party of Eisenhower, or even Reagan, anymore.

I agree with you on term limits. "a smarter voter base"? Not holding my breath. Progressive set their sights on the education system decades ago, and they won.

From: TGbow
13-Mar-24
Has there ever been a nation that taxed, regulated,extorted their way to prosperity? Asking for a friend.

President Biden is a disaster as a president but he didn't build the corrupt machine on Capital Hill all by himself.

From: TGbow
13-Mar-24

TGbow's embedded Photo
TGbow's embedded Photo

From: Builder07
13-Mar-24

Builder07's Link
Yeah the numbers are in and Inflation is up yet again. Just read the CPI. We are getting crushed. Last nite talked to two guys and they both were really pissed about the Food & Shelter deal.

Yes, Bibenomics is real. . . . Really Bad

From: Catscratch
13-Mar-24

Catscratch's embedded Photo
Catscratch's embedded Photo

From: Mint
13-Mar-24
Very disappointed that inflation ticked up again but that 6 trillion in Biden's pork spending hasn't worked it's way through the economy yet. Thank god Build Back Better Bill didn't pass or we would still be at 9%. Now if only congress would hold off on Ukraine funding and other pork we might get some relief.

From: bowhunt
13-Mar-24
Biden has touted that he is going to grow the economy from the bottom up, and the middle out.

I think he’s failed.

Inflation has outpaced wage growth.

If your a middle income worker, still in the wealth building stage of your life he has been a failure, and crushed your ability to save/build wealth.

Food is up roughly 33 percent, gasoline is up 25 percent from the highest price under trump in 2019.

The people that feel the economy is fantastic, have either already built their wealth, high income earners, or both.

To infer a lack personal responsibility if you’re not doing great in this economy seems odd, and way out of touch with reality.

From: Grey Ghost
13-Mar-24

Grey Ghost's embedded Photo
Grey Ghost's embedded Photo

Grey Ghost's Link
"Inflation has outpaced wage growth."

That's not true if you look at the entire picture from 2020 -2024. The blue line is wage growth. The black line is inflation.

From: KsRancher
13-Mar-24
Bowhunt x2

From: bowhunt
13-Mar-24
Grey Ghost

I don’t think bidenomics were in effect in the year 2020

From: bigeasygator
13-Mar-24
That's not true if you look at the entire picture from 2020 -2024. The blue line is wage growth. The black line is inflation.

Come on, Matt. You know facts don't matter here. Apparently - despite data that you posted, or the growing economic output, or the labor market resilience, or the stock market records - we're getting "crushed." Don't worry though, Trump is going to save us with his non-inflationary policies around trade and immigration (lol).

I don’t think bidenomics were in effect in the year 2020

Y'all do understand the concept of "lag," right?

From: bowhunt
13-Mar-24
Your right

Peoples budgets making middle and low incomes haven’t been severely affected the last three years.

For my wife and I just monthly food and fuel expenses are up roughly $500 per month, a drop in the bucket for some of the bowsite big shots.

From: Builder07
13-Mar-24
I have to laugh. The Fed is dumping treasury bonds like NYC trash scows. Look at Fed monetary swaps.

Then, ;look Jobs lost in last three months. What 200,000 jobs gone and now these numbers. Dig into the last Fed report and graphs. They tell the story since 2021. Now Joe wants to spend 7 Trillion in his 25 budget proposal. Right.....

Wage growth adjusted for inflation is clearly a pay cut 21-24 and there's no way even if you were believing Bidenomics its not.

From: TonyBear
13-Mar-24
As expected, President Joe Biden's average approval rating is currently at its lowest of his entire time in office despite a positive reaction to his recent State of the Union address (not sure who the media is referencing when they say positive.)

Biden's approval rating currently stands at 37.4 %, the lowest since he recorded an average of 37.6 % in December 2023, according to poll aggregator FiveThirtyEight's national average calculations.

Biden's disapproval rating is at 56.5 %, giving the president a net disapproval score of 19.2 points—both of which are record markers of disapproval for the president. Not since Coolidge has someone performed so poorly.

Ahhh Come on Man!

From: Builder07
13-Mar-24
Yep, country is getting it. No bump for Joe.

From: Builder07
13-Mar-24

Builder07's Link
Even this crony cant hide the truth any longer. Transitory. . . . HMMn

From: Beendare
13-Mar-24
One of the problem with the Biden quoted inflation stats is that it doesn’t include Food and Energy- which has been up consistently more than top line inflation itself.

Why does the gov leave out what is probably the most critical factors to families?

I would slightly disagree with Ksranchers comment on generational wealth. Sure, the rich have gotten richer. I personally have gotten much richer….but I started with nothing….literally living on my own at 18. No generational wealth in my family.

What makes the US great is the opportunity. The fact one can work hard…and work smart, start your own business and be successful. I am blessed to be one of those people.

From my perspective, the current Dem regime doesn’t get that…going back to Obama’s comment, “ You ( private industry) didn’t build that” to the current Biden comments vilifying Corporations all while they line their pockets from drug company lobbies.

I think the gov should provide an equal playing field for folks to succeed. The Current Dems have done little of that- sanctioning unjust political prosecutions, massive gov regulation, tax and spend, income redistribution and buying votes.

How is it fair that some folks worked 2 jobs to pay for college….but the whiny little bitches get their loans paid off? I put 2 kids through top universities. I’ve never taken unemployment- and could have. It seems I’m an outlier.

I think we are getting to a point where the citizens are counting on the gov for freebies- and not an equal playing field to succeed. Thats the culture the Biden admin has cultivated- all for votes to stay in power. The ‘ Always’ Democrats here don’t see that….or see how their party has gone to shit. Hey, admittedly the Reps have issues too..,but look at the dogshit legislation they have stopped recently coming from the current Dem party.

From: Orion
13-Mar-24
It seems some on here are good with getting bent over at the grocery store and gas station. No matter how much money you make it should piss you off

From: Beendare
13-Mar-24
In fact, I would argue that many of the silver spoon wealth folks are the always Democrats. Probably some here that got a big leg up from their family. Just look at John Kerry.

What gives that silver spoon Idiot the right to dictate to us that we need to suffer for his illegitimate science on climate change.?

From: bigeasygator
13-Mar-24
One of the problem with the Biden quoted inflation stats is that it doesn’t include Food and Energy- which has been up consistently more than top line inflation itself.

The opposite has been true for essentially the past year.

From: KSflatlander
13-Mar-24
"From my perspective, the current Dem regime doesn’t get that…going back to Obama’s comment, “ You ( private industry) didn’t build that” to the current Biden comments vilifying Corporations all while they line their pockets from drug company lobbies."

Some of you here (including Beendare) are really vilifying capitalism. Some here keep screaming for the government to lower prices of goods and services. Sounds like a few are advocating for socialism.

From: Grey Ghost
13-Mar-24

Grey Ghost's Link
"One of the problem with the Biden quoted inflation stats is that it doesn’t include Food and Energy- which has been up consistently more than top line inflation itself."

I don't know why people keep repeating this misinformation. The February inflation number that includes food and fuel is lower than the number that excludes them. As BEG mentioned, that's been the case for the last year. Here's a quote straight from the CPI report.

"In February, the Consumer Price Index for All Urban Consumers increased 0.4 percent, seasonally adjusted, and rose 3.2 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.4 percent in February (SA); up 3.8 percent over the year (NSA). "

From: Builder07
13-Mar-24
So, your point? They spent Trillions, Powell screwed the pooch we almost 10% inflation and over the span from 21-24 we did not get bent over?

Look at Jobs report from last 3 months. Well paying jobs all gone. Look BNSF just did. Joe's low poll numbers are a reflection of economic policy, high inflation, and rates gone wild. Things are tight and will remain so. over 100 million Americans do not have $1000 is reserve liquid assets for anything. There's no fixing this in 9 months. Rate cuts will not do it. May help the 1% and Wall St but not kid support, fuel and grocery bills.

From: KSflatlander
13-Mar-24
I think Shawn Magyar must of forgot about Trump signing a $2.3T stimulus package on December 27, 2020. I also believe that Trump requested more $$$ in the stimulus but didn't get it from congress. Hmmmm.

Our economy was severely slowed for 2 years UNDER TRUMP. What did you expect to happen? I'll even admit it wasn't Trumps fault and he had limited choices. Regardless, this economic mess started under Trump. By your illogic then he owns it. Simular situation to the housing crisis recession that started under Bush's watch.

I know...historical facts are getting in your way again. But they won't stop people like Beendare and Shawn repeating BS over and over for their cult leader. Trump owns them.

From: Orion
13-Mar-24
The housing crisis was actually started under Clinton and his everyone should own a home slogan.

From: RK
13-Mar-24
Good points KS

YEP, TRUMP owns a lot of people, on both sides of the isle.

From: bigeasygator
13-Mar-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo

bigeasygator's Link
I don't know why people keep repeating this misinformation

Me either, Matt. The data is readily available.

From: 12yards
13-Mar-24
Seriously, whose income has grown 4-6% annually ? I don't know that I know anyone who has had that kind of income increase. Teachers in my hometown here settled for like 2 and 2.5% the next two years. They haven't come close to keeping up with inflation. My son's school where he teaches offered 1.5 and 2%. Holy crap!

From: Orion
13-Mar-24
I can bet a majority of the people on here didn't have their income increase 4-6% a year the last ten years. It's funny watching the bowsite libs with their graphs justify inflation.

From: RK
13-Mar-24
Orion. Kind of like the weatherman telling you there is no chance of rain and it's flash flooding.

From: bigeasygator
13-Mar-24
Seriously, whose income has grown 4-6% annually ? I don't know that I know anyone who has had that kind of income increase.

Mine grew 8%/year on average going back to 2013. From 2013-2017 it grew 12%/year on average. During the period of 2017-2021 it grew -2%/year on average. From 2021-2023 it grew 11%/year on average.

From: Orion
13-Mar-24
Are you talking about your income staying the same and inflation decreasing or increasing as your income increase or are you saying you were getting 8% raises every year until 2017.

From: Orion
13-Mar-24
I'm curious because we work in similar industries. The industry is usually a percentage raise on your evaluation every year. However, my companies is inflation plus 1% as your increase which isn't standard, but it does ensure that you are actually getting a raise every year

From: bigeasygator
13-Mar-24
I'm talking about my nominal wage. Average year-on-year changes.

From: bigeasygator
13-Mar-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo

From: Orion
13-Mar-24
Gotcha, what a lot of people don't understand is that if your raise isn't more than the inflation rate for that year your technically not really getting a raise

From: KsRancher
13-Mar-24
If you have averaged an 8% raise every year since 2013. Yes, you think that everything is great in life.

I don't care what link or graph anyone post. If you are the one earning the money and paying the bills in a middle class family. You can easily see that it's not like that graph says.

I am not saying it's Bidens fault or that Trump is going to fix it. A part of it is a self induced issue. Like having more kids, unfortunate medical things, etc. Mine would be considered anecdotal. But I can tell you one thing. It damn sure isn't great on my end. And the same goes for a lot of people like me that I talk to

From: bigeasygator
13-Mar-24
I don't disagree, Ks. When I look at after tax pay and I look at how some of my expenses like insurance and hell even groceries have increased, the take home pay starts to feel a lot lower. I understand for others the situation is more acute. However, I also look at the balance of my investments and those have done great over the last handful of years. None of that shows up in wage and inflation data and when evaluating my financial health, the balance sheet is just as important as the income statement. I have never once said that things aren't all great. But from where I'm sitting they certainly seem more good than bad. Even the areas that seem to be the pain points - real wages and inflation - seem to be trending in the right direction.

All that said, I fully agree with you on your last point. I fully believe that at the end of the day the situation has about 1% to do with who the President is.

From: Michael
13-Mar-24
Pretty hefty spike for you Bigeasygator in 2022. Right when the price of oil was sky high.

I am in the crane world and only seen 1% from last year. So inflation does affect my bottom line. But then again I don’t blame just Biden for it either.

From: KsRancher
13-Mar-24
Edit. I meant to say "not Biden fault". I corrected it

From: bluedog
13-Mar-24
Noticed how much auto insurance has sky rocketed... was going to blame State Farm for profit hogging, but I guess auto repair and medical costs have sky rocketed also.. sucks but guess just the way it is.

From: bigeasygator
13-Mar-24
Pretty hefty spike for you Bigeasygator in 2022. Right when the price of oil was sky high.

A big part of my pay is my bonus which is often very tied to the price of oil. 2019 was a horrible year financially for the industry and we had a terrible bonus (which was paid out in early 2020). 2020 our bonus was paused as were any merit raises (first time in 20 years with the company) due to the pandemic (which showed up in 2021 pay). In 2022 our normal bonus from 2021 was paid out again, we received a one off bonus (10% of our salary) due to the recovery in oil prices and the effects of inflation, and merit raises were reinstituted so yup, definitely a healthy bump that year.

From: KsRancher
13-Mar-24
I figured it up. Since 2014 my take home pay has increased 1.5%/yr since 2014. But my wage has increased a HUGE amount. We usually got a 2%-3% raise. In 2019 my boss gave us all a 25% raise. When I started he payed our family health insurance. He kept telling us that it was going up 10%-15% a year. So he decided to give us all a raise equal to the dollar amount of the health insurance and then take it out of our check. We still get our 2%-3% raise. But it's been on 14-16month intervals instead of 12 months. And we get to absorb the crazy increase in health care cost now, not him. In 2017 he told us he was starting a 401k for us. We thought great. He started a 3% match program. So we did the 3% match. But we didn't know at the time that it would be our "raise" for the year. So we had a 3% decrease in wage that year. Yes, he did us a good thing for starting it and helping us with a retirement. But it hurt us on money at home. We were building equity in that 401k with his free money. But that 401k that you can't touch for 30yrs doesn't help pay a current bill at home

So on paper I have gotten a fairly large average annual raise since 2014. But it never showed up as more on the paycheck. So numbers can be manipulated to make things on those charts look good

From: Grey Ghost
13-Mar-24

Grey Ghost's embedded Photo
Grey Ghost's embedded Photo
Anyone who gets COLA saw these increases to their wages the last few years.

From: TGbow
13-Mar-24
All I know is.. it's expensive to live and pay way too much taxes...it's a damn shame, even worse what they do with it.

From: Beendare
13-Mar-24

Beendare's Link
A good breakdown of the Biden budget at the link to the article, “ Biden’s Budget Proves What An Epic Disaster He’s Been ” at the Issues and Insights website

President Joe Biden brags that the budget he released on Monday would cut the deficit by $3 trillion, even while offering truckloads of new goodies to Americans.

That will get headlines.

What won’t make the news is the fact that his Fiscal 2025 budget provides clear and incontrovertible evidence that he has caused a fiscal and economic disaster of epic proportions.

How do we know this? Because buried in the back of the annual budget document is a table called “Baseline by Category.” This is a forecast of spending, revenues, and deficits that would result if the government is left on autopilot. ( the link goes on to breakdown the baseline table) ——-

So who is surprised Biden lied saying he is going to spend more…and shrink the deficit at the same time?

.

From: Beendare
14-Mar-24
The Biden administration on Wednesday reapproved a sanctions waiver that unlocks upwards of $10 billion in frozen funds for the Iranian government, according to a copy of the notice submitted to Congress late Wednesday and reviewed by the Washington Free Beacon. ——— Yeah, that is the idiocy with Dem policy we have currently. Oh, the Dem’s say, “ There are stipulations it can only be used for humanitarian aid”

#1) why are we giving aid to Iran at all? They are attacking us and Israel through many sponsored terrorist groups. #2) Even if Iran does use it for humanitarian items, it makes them flush with other monies to devote to terrorism. #3) So we are suffering inflation so Iran can get more money?

Its mind boggling…..the always Democrats own this ridiculous policy.

From: Mint
14-Mar-24
I'd like to see the wage growth adjusted for the increase in the minimum wage. I know all our union contracts have a clause when minimum wage goes up the union wage automatically increases. We have some huge jumps in the minimum wage for fast food and other workers.

From: Builder07
14-Mar-24
The GVT started the Housing crisis guys name was Franklin Raines. Not hired by Bush. was found to be at fault and fined big $. Sub Prime Mortgages to low income folks who never in their lifetimes could have ever payed loans back. The feds sold them to banks all over the Nation in bundles. Which, in turn became common practice. CountryWide, BOA, US Bank and who stepped in and payed for it? We did. Raines was forced to give back 24 million dollars of pay and bonus'

A world pandemic and he used 2.5 Trillion. Obiden wants 7.2 Trillion for 2025. Facts are a terrible thing. Understanding them is at there core is your problem.

From: KSflatlander
14-Mar-24

KSflatlander's Link
You just compared the stimulus Trump approved to the Biden annual total budget. LMAO and then you talk about "facts."

It was the 106 congress (Republican; Newt Gingrich speaker) that repealed the Glass-Steagal Act and Clinton signed it. But this was a Republican initiative head by Newt.

But nice try...

From: Mint
14-Mar-24
"It was the 106 congress (Republican; Newt Gingrich speaker) that repealed the Glass-Steagal Act and Clinton signed it. But this was a Republican initiative head by Newt."

That was a Clinton initiative from his cabinet member that was running Bank of America. Him and his Clinton buddies made hundreds of millions just like Franking Raines at Fannie. It wasn't Republicans, it was Republicans and Democrats, you know bi-partisan since they all made money. And then of course Obama let them all off the hook when it exploded while Bush tried and convicted Ken Lay.

From: Orion
14-Mar-24
The Flatlander really thinks the housing crisis was under Bush? You should probably do some research. Those interest only loans were started under Clinton. Have you seen the Big Short?

From: Nyati
14-Mar-24
Biden would like Powell to begin lowering interest rates to get them down going into the election season but unexpected “transitory “ inflation uptick in last couple months has put anticipated interest rate cuts on pause .

From: Builder07
14-Mar-24
7.7 Trillion Asset bailout for a FHA DEI give away to people who had no credit. 10 Trillion in cost by 2022. One third of our National Debt.

So it dwarfs you Trump Claim . Which was a worldwide pandemic.

From: KSflatlander
15-Mar-24

KSflatlander's Link
Sorry Mint but it was the Republican "deregulation" for sake of deregulation philosophy again. Ultimately it caused the housing meltdown.

From: Beendare
15-Mar-24
Heres some links for you and the party you continue to defend..Flatlander.

The Biden administration's disastrous open southern border policies have sparked a catastrophic wave of violent crime committed by illegal immigrants. This comes amid the ten million migrants that have invaded the nation, alongside recent calls from radical progressive lawmakers across crime-ridden metro areas to defund the police and limit criminal prosecution. As a result, many law-abiding Americans express growing concern about insecurity amid a new era of explosive crime and chaos.

Let's begin with a series of news headlines that show Chilean crime gangs have been on a nationwide burglary spree, targeting wealthy neighborhoods from coast to coast:

NBC7 San Diego: "Chilean break-in crew is back, and burglaries are on the rise in La Jolla"

Fox 2 Detroit: "High-end Michigan burglaries tied to Chilean crime ring, prompts police task force"

NBC 10 Philadelphia: "Another Chilean man arrested as Montco targeted by 'South American Theft Groups'"

ABC 7 Los Angeles: "OC judge throws out plea deal in case involving alleged Chilean burglary ring"

NBC 12 Scottsdale: "'These are professionals': Latest arrests in East Valley burglary cases tied to Chilean crime ring"

Oklahoma News 4: "Million-dollar OKC homes burglarized, possibly connected to Chilean crime ring"

ZeroHedge: "South American Gangs Target Dozens Of Mansions In Detroit"

AP News: "3 Chilean nationals accused of burglarizing high-end Michigan homes"

Vanity Fair: "Thieves in the Night: A Vast Burglary Ring From Chile Has Been Targeting Wealthy U.S. Households"

From: Builder07
15-Mar-24
Yeah, better not talk about 2008 housing disaster and how much it cost, right? Then, Obummer's Bank and Auto Bailouts and Stimulus Bills.

Deregulation , Funny !! it was DEI straight up and Barney Frank and Chris Dodd what caused the issue at its root. That's long time been adjudicated. Big GVT started that issue and Big GVT spent our Tax Dollars to help us all out. Weird how working middle class folks who paid their mortgages did not get Home Repo'd. Gvt help the Big Boys and The Street. To big to fail ringin any bells?

Selective memory issues . . . .? I lived it I dont have go back and search some MSLSD fabrication of what happened and their theory.

Joe and Barraaack are responsible for 15-18 Trillion of our Debt carried out with Interest in 2023 dollars. We are in our third term of the Joebama's and it will wreck another generation I have no doubt.

From: DanaC
15-Mar-24
You also had no doubt that at this time Trump would be President and Pence would be the candidate this November.

In your shoes, I'd learn to doubt more stuff >;-)

From: BRIBOWl
15-Mar-24
Plain bullshit!

From: KSflatlander
15-Mar-24
No doubt that if Shawn and Beendare don't know history or facts they just make up their own sh#%.

Beendare- do you get anything done daily besides brushing up on your conspiracy theories? Do you have a normal life that's not consumed by right wing nut stuff?

From: Beendare
15-Mar-24
Typical liberal Democrat tactics- ignore, deflect, complain about the source instead of addressing the substance.

Its a sign of a weak mind when confronted with facts on bad policy gets an attack the messenger response.

Ks, you need to move to Oakland , Ca with your peeps and live under the policy you defend.

—— More facts; The WSJ recently exposed the Tax, Tax and Tax some more Democrats…. This time more Medicare tax on seniors.

Its a paywall but the article, ALL THE PRESIDENTS MEDICARE TAX, they show how The Dems jack the tax rate to 60% on some Americans.

One paragraph from the article:

Re­call that Oba­ma­Care in­creased the 2.9% Medicare tax on wage in­come of mar­ried cou­ples earn­ing more than $250,000 ($200,000 sin­gles) by 0.9 per­cent­age points. It also im­posed a 3.8% sur­charge on their in­vest­ment earn­ings. How­ever, the law ex­empted own­ers and part­ners in pass-through busi­nesses from the sur­tax on profit dis­tri­b­u­tions.

From: shade mt
16-Mar-24
In his own mind, the educated democrat thinks he knows....He argues for bidenomics percentages, statistics, polls, etc.... Stops at the local mart pumps that 3.69 a gallon liquid gold in the tank... goes to the grocery store shops... sees a young mother shake her head at the price of baby formula... Then he wheels his cart up to the checkout isle, to blind and dumb to realize he just paid more for EVERYTHING !.......

then on to lowes..... over hears managers are discussing the credit delinquency problem.."people's fridge goes on the blink, they buy on credit, but cannot afford".....oblivious he walks on., purchases a few things which are now more expensive... listens to the news...the border crisis....the high crime rate in democratic city's..etc He has forgotten all about BLM, the riots, portland etc....the behind the scenes threat to our 1st and 2nd amendments.

Continues to cling to a progressive democratic party, not realizing he is getting pulled down into their pathetic mess right along with everybody else......He just hasn't figured it out yet.

16-Mar-24
Remember the Alinsky, Clinton, , Bernie Sanders, Obama, socialist playbook. How to Rollout radical ideas.

What sounds crazy now will be policy in ten years. Confiscation of 401s and pensions. Because it’s not equitable that some have retirements and others do not. It will be veiled as how they are saving Social Security.

And now 4 day work days for 5 days of pay. The experts on here reciting the transitory inflation percentage points. :>)))

But here in the real world these socialist policies exacerbate the cost of living for the working class. Inflation numbers and real cost of living are related but not the same thing.

So a business now has to pay people 5 days pay for 4 days of producing products to sell.

Because the socialists that have never owned a business or worked. think that it’s just doing time at work, that you actually don’t have to produce anything to sell.

So now, what is that company going to do? It’s going to raise prices.

This is just one example of socialist liberal policies, driving up the cost-of-living.

Also driving more companies to leave our shores.

Many say the president and politicians don’t have any impact on inflation, gas prices, or prices of anything else.

but when you dig deeper you find out they are behind most cost-of-living price increases.

The housing collapse. Government forcing loans to people that could never pay them back.

Which by the way they are going to do again very soon. Housing equity loans

The current “transitory” inflation was started by Biden, Newsom and Whitmer and other governors keeping the economies closed for 18 months longer than necessary.

From: KSflatlander
16-Mar-24
Beendare saying anyone has a weak mind is sadly hilarious with all his conspiracy websites he posts as legit sources. A critical thinker is not an adjective to describe Trumpers.

And Boggs and Ricky are arguing something that never happened...a stolen election. Bizzaro World.

16-Mar-24

Altitude Sickness 's embedded Photo
Altitude Sickness 's embedded Photo
This is the government in a nutshell. Right and Left

From: Catscratch
16-Mar-24
Thread in summary?

Me; this inflation sucks.

Them; don't be silly, inflation is low.

Me; then biden's economy sucks.

Them; don't be silly, all measured indicators show a STRONG economy, bidenomics is working!

Me; I'm spending 30% more to survive than I did under Trump's economy!

Them; don't be silly, presidents don't affect the economy.

Me; What? I thought bidenomics had everything great?

Them; which would you rather have... high inflation or a recession?

Me; high inflation? I thought it was low?

And the circle continues.

From: RK
16-Mar-24
Spot on Catscratch. Summed it up perfectly !! LMAO

From: Beendare
16-Mar-24

Beendare's Link
Never a fact base comment from these liberal Dems- only excuses and deflection- time after time…and they don’t even realize it as 5hey are too busy defending their lifelong partisanship to actulyy evaluate what is going on.

Why are the Democrats defending Hamas?

Schumer threatens Israel’s Netenyahu as did Biden at his SOTU in his speech and his, “ come to Jesus” comment.

Biden set a “ Red Line” for Israel…just as Obama did in Syria if the used Chemical weapons….when Syria went ahead and did…Obama did nothing.

If anything, Biden should be setting the red line on Hamas as they started this whole provocation and continue to refuse any cease fire. Instead, Biden releases money to Iran. Its the definition of insanity. Is the Biden admin and their Dem followers really stupid enough to think it will be different this time? My god.

Good article on Real Clearwire, “ Why Is President Biden Helping Hamas?” at link

From: Orion
16-Mar-24
Catscratch with the mic drop

From: KsRancher
16-Mar-24
Catscratch wins!

From: bigeasygator
16-Mar-24
Pretty much it, Catscratch. No, President’s don’t have much to do with the economy. Yes, inflation was high. Yes, things could have gotten a whole lot worse during the pandemic without federal stimulus. Yes, high inflation was short lived and has fallen drastically. Yes, inflation falling isn’t the same thing as prices falling. Yes, there are more metrics to measure the health of the economy than inflation.

From: Matt
16-Mar-24
And the EU (where Biden isn’t president) suffered an even higher level of peak inflation than the US post-COVID. Perhaps it was a global phenomenon and not one that you can tie to any one person’s policy?

From: Beendare
16-Mar-24
I realize there is no convincing some of you guys who continue to ignore the facts.

The president appointed John Kerry….and the cadre of political losers running the CDC, Energy, DOJ ( no equal justice there) Homeland, dress wearing Generals.

Next you will deny the policy changes that let 7-10 million immigrants with their hands out or worse into the country. Then deny that mass of low wage and criminal element has not already cost us billions.

Presidential policy has no effect? He squandered tax dollars like no other president in history with his bogus Climate initiatives.

I get it…the always Democrats won’t see it until they are bonked on the head….waste of time trying to show them the light. Thankfully many are seeing it now and it will take another massive cheat for the dems to hold power. …and they are trying on many fronts.

It’s funny that you guys are defending Biden, who was found so senile and incapable of going to court for his stolen documents,……. but you are OK with him being president. The Democrats have to drug him up just to make a decent speech, and the rest of the time is staggering around tripping falling, mumbling what a disgrace.

From: bigeasygator
16-Mar-24
It’s funny that you guys are defending Biden

Saying Presidents have little to do with the economy - good or bad - is hardly defending them. I’ve said countless times Biden’s policies are terrible.

17-Mar-24
"And Boggs and Ricky are arguing something that never happened...a stolen election. Bizzaro World."

says the guy that said he voted for biden..."for the constitution."

lol

speaking of things that "never happened"...show me where i have ever said the election was "solen"...talk about "bizzaro world."

From: RonP
17-Mar-24

RonP's embedded Photo
RonP's embedded Photo

17-Mar-24
Yep. Policy doesn’t direct investing. That’s a myth. Policy doesn’t affect consumer confidence. That’s a myth too.

From: Beendare
17-Mar-24
The Biden tax proposals raise tax across the board.

7.6% tax increase to small businesses- thats a 20% increase to them they will have to pass on to consumers

Seniors retiring and taking money from investments…or folks selling their business; Biden wants to apply the top 44.6% tax rate to capital gains- double the current tax rate- if it puts you over $1m dollars- easy to do if selling a small business or a chunk of investments while you are still earning some $$.

Biden wants to raise corp tax significantly- which is a stealthy way of hammering consumers with more inflation- corps just pass input costs on as higher cost of goods and services. Are there still people fooled by Bidens ‘ Big Bad Corporation rant?

All this tax to fund the wasted spending; Hundreds of billions to Ukraine, Palestine and Hamas, Iran and then all of his silly Climate proposals, massive illegal immigration, Homeless, pandering to LGBTQs,etc etc.

Show me a few problems the Biden admin has actually solved? His admin has literally made everything worse either directly, indirectly or by unintended consequences.

The president sets the tone. I think its naive to claim all of that bad policy has no effect on our economy.

From: bigeasygator
17-Mar-24
I think its naive to claim all of that bad policy has no effect on our economy.

You pointed to a bunch of stuff that hasn’t even happened. It is not enough to want to do something. Biden can want all our cars to be powered by unicorn farts and rainbow piss, doesn’t mean it’s going to happen. The economy isn’t going to move meaningfully based on what Biden wants. I think it’s naive to suggest “tone” is what moves markets.

From: Beendare
17-Mar-24

Beendare's Link
Used to be, “ The Buck Stops Here” …the president took ownership.

Gotta love this report by the GAO;

70 Percent or More of F-35s May Not Be Combat Capable A September 2023 Government Accountability Office report on the F-35 revealed some shocking statistics on just how unready F-35s are to provide combat power.

Again, the president sets the tone….and we have a military leadership installed by the Biden puppet masters more concerned with pronouns that actually protecting our country.

From: csalem
17-Mar-24

csalem's embedded Photo
csalem's embedded Photo

From: DanaC
17-Mar-24
Beendare, be careful, you're making sense! Now have a look at the F 22 program.

Government spending on the "military industrial complex" has been documented since the 60s. Ike warned us. Nineteen sixty-bleeping one, he warned us. Dems and GOP alike bow down to 'Big Defense' lobby $$.

From: RutnStrut
17-Mar-24
It's plain bullsh*t to claim presidents and their policies do not have any effect on the economy, fuel prices, etc.. Just because the president isn't the one raising or lowering costs directly. Does not mean their policies/actions do not affect them. Claiming otherwise is ignorant or just plain stupidity.

From: bigeasygator
17-Mar-24
RutnStrut, then tell us what Biden did to lower oil prices 30%+ from their peak two years ago?

From: Nyati
17-Mar-24

Nyati 's Link
Cut back on sanctions on sale of Russian oil to help supply world market and rake in millions to fund his war against Ukraine

From: bigeasygator
17-Mar-24
I asked what he did to cause prices to fall from their peak. That article was written in February 2022 when oil was $90/bbl. Oil rose an additional 25% and reached their peak at ~$120/bbl in June 2022.

From: Nyati
17-Mar-24
A big part was selling off our strategic oil reserves to help decrease prices before the 2022 elections

From: DL
17-Mar-24
“Car insurance rates are up almost 21% for the 12 months ended in February, according to new Consumer Price Index data released Tuesday. The last time car insurance rates rose that much on an annual basis was 1976, not counting January, which saw the same annual rate increases.“

From: DL
17-Mar-24
I doubt if we see actual factual numbers. Depending on who does the reports they omit things. Anyone that’s ever taken statistics learn that they9 are always skewed. Figures don’t lie but liars can figure.

From: Builder07
18-Mar-24
Hahaha

Election year. Unleaded fuel be $4 and WTI $90/brl in a blink of an eye. Diesel at 4.10 now.

Big Oil wants Joe gone so we are going to pick up that bill.

From: bigeasygator
18-Mar-24
Unleaded fuel be 90/brl in a blink of an eye

That would be quite the decrease.

From: 12yards
18-Mar-24
Inflation is still high. If the target is 2%, then we are over 50% higher than we want to be. It wasn't high when it was 9%, it was devastatingly high. Now at over 3%, it is high and killing average people financially. And I doubt it will come down when Biden raises taxes, forces expensive clean energy and clean cars on people. Can you imagine what will happen to lower income people when they have to buy an EV? People that never have spent 20 grand on a car in their life?

From: Builder07
18-Mar-24
Not from todays benchmark.

From: bigeasygator
18-Mar-24
Not from todays benchmark.

Unleaded fuel on average costs ~$150/bbl ($3.50/gal, 42 gallons in a barrel). That would be a 40% decrease.

From: Michael
18-Mar-24
Inflation is cumulative and starting in 2021 and going through 2023 we are at something like 16.8% over a 3 year span. So you would need a 5.43% wage increase every year to not feel the effects. How many Americans can say they have received that kind of raise to offset those inflation numbers?

Including my year end bonus each year I am in the 1% range.

From: Beendare
18-Mar-24
Cmon, to say presidential policy has Zero effect on the economy is totally inaccurate.

Does anyone even know what a drag on our economy 7 million illegal immigrants is? Think about all of the costs involved, not just housing, feeding and medical but schooling and cost of crime. Then add the Biden admin is suing AZ and Texas -litigation cost- trying to let even more of these illegals in.

The latest headline; Haitian National Arraigned For Rape Of 14-Year-Old Girl At Massachusetts Hotel

(Yeah, Biden flew this guy into our country)

Who is paying to house these Haitian immigrants at the Comfort Inn? This is a tiny portion of the hundreds of billions (?) on these immigrants.

Then there is this from the Same article as above( Epoch Times)

The recent March 13 rape of a 14-year-old girl in Massachusetts at a state-run migrant shelter falls on the same week Enforcement and Removal Operations (ERO) agents from the Boston division of the U.S Immigration and Customs Enforcement (ICE) apprehended several migrants living illegally in the state with sexual assault convictions in their native countries.

On the same day Mr. Alvarez is alleged to have raped the 14-year-old girl at the Rockland hotel, ICE officials arrested a Brazilian fugitive found living illegally in Framingham.

According to a statement from the Boston ICE office, the 51-year-old is wanted on charges of raping a 14-year-old last July in Brazil.

In just a one-week sweep conducted nationwide in January, ERO agents report that they arrested 171 “noncitizens” with pending charges or convictions for murder, homicide, and assault of children. A similar one-week sweep conducted last month turned up 275 migrants with sex convictions living illegally in the country.

The sweep results come amid the release of the Department of Homeland Security U.S. Immigration and Customs Enforcement 2025 Budget Overview, showing that the Biden administration proposes to cut in half the number of deportations conducted in the United States. ———

I suppose we cannot say how much of a drag on our economy all of this bad Biden admin policy has created….. The illegal Immigration debacle as nobody has tallied it up. I bet its significant.

Its no wonder the cops don’t have time to investigate my nieces stolen car 10 days ago while she was in her nursing clinical studies at the Oakland Kaiser hospital- they are inundated from ‘ Set the Tone’ politics.

From: DL
18-Mar-24

DL's Link
Beendare, it’s like our stupid Leadership here in ca. Newsom says oh we have a surplus in the budget. How can he say we have a surplus when you ow BILLIONS in loans? Politicians LIE! . This is a typical White House scene.

From: peterk1234
18-Mar-24
Inflation can only be caused by government. Nothing else.

From: KSflatlander
18-Mar-24
Some of you keep wanting the government to control prices for you. What a bunch of socialists.

18-Mar-24
So the politicians don’t cause anything negative . Let’s all just play along.

So next time there is a government shutdown threat. Let’s remember they don’t do anything. And ask them to take 6-12 months off.

I would be ok with a month on a month off. Or 6 months on 6 months off.

But keeping the peasants divided is a full time job.

From: DanaC
18-Mar-24
"Newsom says oh we have a surplus in the budget. How can he say we have a surplus when you ow BILLIONS in loans?"

If your budget includes payments on your loans, and covers all other line items, and you have money left over, is that not a 'surplus' ? (Yeah, you could argue - and I would agree - that that surplus should be applied to paying down the loans, but that's a different issue.)

From: Beendare
18-Mar-24
DL, Don't get me started on Newsom...I'm waiting until the DNC tries to ride him in on a white horse to save the presidential race for the Democrats. Ha, somehow that clown is worse than Biden.

oh heck, did you see the analysis on the bullet train? Yeah, Ca started this boondoggle back in the Bush admin....it was supposed to go from SF to LA...but now it will go from the middle of nowhere Madera to another middle of nowhere location. The costs have ballooned out of control.

What's going to kill CA is the latest legislation they are floating on EVERY prison inmate being able to appeal their sentence if someone of their race was wrongfully convicted of the same crime or some shit like that- its crazy all stemming from the liberal brainfart that there are "Too many people in prison"

From: bigeasygator
18-Mar-24

bigeasygator's Link
Does anyone even know what a drag on our economy 7 million illegal immigrants is?

Goldman Sachs does.

"One likely reason why GDP growth was stronger in 2023 is that immigration ran well above the recent historical average, boosting the size of the labor force and potential GDP," Goldman Sachs economist Ronnie Walker wrote in a research note on Sunday. "We have updated our payrolls and GDP forecasts to incorporate the ongoing boost from above-trend immigration."

From: csalem
18-Mar-24
That’s so wrong But that’s what Liberal does.

Huge Saturday night live opportunity!!

From: DanaC
18-Mar-24
Are prisons in CA run publicly or by for-profit private companies?

From: RK
18-Mar-24
TB1. I do not think anything in California is run for profit.

Just a thought based on nothing except how California runs in general

From: KsRancher
18-Mar-24
I have been trying to understand how some people think the economy is doing so great while a lot think its garbage.

Credit card debt is crazy high making a person think that the economy isn't so good. But look up what the average american has in savings. I am not talking in retirement or anything else. Just savings. That number would make you think the economy is doing awesome. But look at the breakdown of the savings numbers and you will see the real story. A small percentage have a REALLY large amount while the percentage of people who have 1/4 of the amount they did 2yrs ago is large. Those are the people holding that massive credit card debt.

There a few on here that think the economy is doing just great. They are probably up there in that wealthier bracket. And I have no problem with them being there. They are probably there by a lot of hard work and a little luck. But they don't represent the big percentage of americans that are not in their shoes.

From: bigeasygator
18-Mar-24
That’s a good post, KSRancher. I don’t doubt for a second different people are experiencing different economic realities.

Personally, I think gauging the health of the economy is complex. There are multiple metrics, often conflicting, that make it very difficult to give a definitive, one-size-fits-all type of answer. In the current economy, there are no doubt both leading and lagging indicators that would suggest that no, not all is great with the economy.

With that said, I’ve seen some pretty dire descriptions and predictions from folks on here. That is what I take issue with. Furthermore, that take seems to focus on two major issues - inflation and immigration - but also seems to lack any acknowledgement of the economic complexities of those issues (such as the root causes or the economic positives surrounding those issues). In short, if this is what people think a garbage economy truly is then we’ve become pretty spoiled. People need to revisit 1929, 1973, 1981, 2008, 2020, etc if that is the case.

From: DL
19-Mar-24
Carter and 19% mortgage rates! Our first home was in 82 and we were excited to get a13% 30 year fixed rate mortgage. Lived through all of those except 1929.

From: spike78
19-Mar-24
All I know is my parents bought a house in 1978 for $25k and sold it ten years ago for 269k. My dad made 40k a year and my mom worked at a retail store and growing up we ate good and always went on a week long vacation every year. Groceries were $90 a week for a family of four with a shopping cart full. Compare that to now.

From: Beendare
19-Mar-24
No doubt- the rich get richer in any economy.

On balance, “ The Rich” are folks that have used their smarts to use econ conditions to their benefit. That will always happen.

I think we have to protect the avg American against conditions that 1) affect their basic needs and 2) limit their prospects to get ahead.

The current Inflation, bad Immigration policy, political polarization, Government wasted spending and pandering to every special interest group seriously affects the Avg American.

From: Beendare
19-Mar-24

Beendare's Link
Two very disturbing things that Bidens policy has created;

1) Musk lays it out how this massive immigration is a ploy to keep Dems in power- easy search

2) link is to a Mexican illegal outlining the scams he is perpetuating on Amercans, translated from Spanish on Twitter- its truly unbelievable this is happening inour country

https://twitter.com/mandala_mandy/status/1769870061576015881

From: Nyati
19-Mar-24
BEG, so your answer to the people that are losing their arm is to just say be glad you’re not losing your arm and your leg ?

From: bigeasygator
19-Mar-24
BEG, so your answer to the people that are losing their arm is to just say be glad you’re not losing your arm and your leg ?

Just because a subset of people are struggling doesn't mean the system as a whole is broken. These two things can be true independently, and I struggle to see how they're even relevant to each other (beyond the fact that I'd rather have issues when the broader economy is strong than the opposite). No one should expect the economy to be working for everyone, everywhere, at all times.

I keep hearing how great the economy was under Trump from a number of people - are you saying that should be invalidated because a subset of workers were laid off during that time period?

From: Nyati
19-Mar-24
I think I would like to hear the answer to my question first before I answer your question.

So, again , when people are having trouble paying their bills, when people are having to work 2 jobs to make ends meet, when people’s credit card debt keeps getting higher, when people can’t afford their first house, when people are having to raid their 401K to pay bills, is your answer to them is that it could always be worse ?

From: bigeasygator
19-Mar-24
You're providing a hypothetical lacking significantly on details and context. How'd they get into this situation that impacts a small percentage of the American populace, Nyati? We discussed personal responsibility and accountability above, how much does that play into their predicament? Why are they living beyond their means?

From: Nyati
19-Mar-24
So, you’re not going to answer my question but instead pose a question to my question? I think your “hypothetical “ is playing out in real time for a lot of families each and every day across the country.

Which is why the economy is the # 1 issue in most current political polls, or # 2 right behind the border crisis.

From: Builder07
19-Mar-24
Greg

All the things you are quoting are readily available and opened source by many companies and GVT that track that data. It is not necessary to post it here. Hardly Hypothetical.

Look at Layoffs alone. Well over 200k and growing everyday and it not AI induced. Just by the Dem's own burying the word OBidenomics alone kind of bares out that metric. DOA.

There are always winners and losers to what degree of the voting population is where the rubber meets the road come Nov.

Look at the big announcement today. People , States and subsets of such are going pull funds from folks pushing ESG and that hurts them in the big scheme on their way of life. Capitalism at work.

Record unsecured debt, no reserve cash on hand, high living costs, etc. That is Obidenomics.

From: bigeasygator
19-Mar-24
So, you’re not going to answer my question but instead pose a question to my question? I think your “hypothetical “ is playing out in real time for a lot of families each and every day across the country.

You're asking me to provide feedback to people who are in a situation where they are living beyond their means with no information as to how they got there. Sorry, give me more info if you want a complete answer.

The reality is they are in the minority. You can look up statistics that speak to the extent those scenarios are playing out. Something like 7% of the working population of this country works two jobs, not all of which because they have to. Somewhere shy of 4% of Americans made early withdrawals from their 401Ks last year. Delinquent mortgages are hovering somewhere around 3%.

So again, how did these people in your scenario find themselves in a situation that upwards of 95% of the country seems to be able to avoid? I'm assuming you won't answer that question, but I will attempt to answer (partially, anyway) yours.

Whenever I'm dealing with anything in life, it is always good to keep things in perspective. The same applies too others. And as much as these people are likely struggling (regardless of how they got into their predicament), I would likely say (1) it could always be worse and (2) this too shall pass. I would also tell them to remember E+R=O. Event+Response=Outcome. We can't control the events, but we can control our responses to them to get the outcome we want. That's what they need to focus on to right the ship.

From: Nyati
19-Mar-24
BEG, IDK exactly why each family is having difficulties right now. I’m sure each may have multiple individual scenarios going on. One family may have drug issues, another may have psychiatric issues, while another might just be lazy. IDK

But for most of them it’s that the food they need to eat is 20-25% higher than it used to be , fuel and electricity has increased, vehicles have increased, insurance has increased, etc.,etc., etc., . Basically everything is costing more than it did by a significant percentage.

Yes, wages have increased but not at a pace to keep up with the inflation rate of daily needs. According to some polls 78% of people are living paycheck to paycheck. I have trouble seeing that it’s that high but I’m not the one doing the polling. Obviously, that varies across different income levels . Throw in an expensive emergency here or there and it’s not hard to see how someone might not be able to pay off their credit card or have to dip into 401K to pay for something.

An HVAC unit goes out and there’s suddenly a 10,000 bill that was unexpected

From: Builder07
19-Mar-24
If 60% of the nation does not $1000 in reserve $ it kinda hints your 95% number is grasping at straws. Polls all over showing this.

Everything is about perspective. . . .Whoa. Folks are all over the spectrum in their life situations. Because your not or I'm not does not does not mean I don't have empathy for those folks. I have to understand where I came from and a similar Jimmy Carter chitshow. Guess that's part of my perspective? Never thought I would see it as bad as that again. Alas, its a way different world now but with the same Rouge Players with feckless leadership in our GVT.

Never thought I would see the day our Sen Majority Ldr , a jew, who did not do his country's service time cut the legs out of his peoples leader on the world stage during a conflict. Who is at least half or more Ukrainian and has no problem letting them fight the Russian Bear. Help his own folks in Israel, not so much. He need Muslim votes in Mi and MN

From: KsRancher
19-Mar-24
BEG. You talk about "a certain subset being such a small percentage" and that the "personal responsibility" being a factor. You are cherry picking a couple stats to make your point. Choose something that best describes the people as a whole. Like the savings and credit card debt of the majority of Americans look like. Not a few people of the far end of them.

My wife is a high school english teacher. She says if a few kids in class are struggling then she is doing her job. If half the class is struggling she is failing at her job. If you judged her off of the top 10% of kids in class she would be great. If you judge her off of the bottom 10% she would be awful. To find out how she is actually doing you need to pull the middle 50%-70% and look at them.

Do the same with our economy and it I can tell you it's not how your trying to paint it

From: bigeasygator
19-Mar-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo
Like the savings and credit card debt of the majority of Americans look like. Not a few people of the far end of them.

I picked data that spoke to the scenarios Nyati raised. I don't know what to make of credit card debt or how bad it is. It's been increasing, it's at record levels, but pandemic aside when balances dropped thanks to stimulus, it basically seems to be following the same trend it has for the last 10-12 years. The average outstanding CC balance has increased by ~$1,500-2,000/person in this country over the last three years. How bad is that objectively speaking?

From: Orion
19-Mar-24
I think that the almost straight up spike between Q1 and Q4 for 2023 says exactly what inflation is doing to a majority of Americans

From: KsRancher
19-Mar-24
So according to that graph. If our economy is doing great now. The economy was booming sometime around late 2007 to early 2009

From: Beendare
19-Mar-24
The same trend? Look at that chart you posted BEG- it's ramping up into the stratosphere.

Lets recap Bidenomics;

Folks relying on exponential Credit to get by Food inflation up almost 30% in 3 short years Gov spending ramping up in the stratosphere almost identical to that CC chart Part time jobs ramping up, full time jobs to US Citizens a negative number Hundreds of billions of our tax dollars devoted to Illegal immigrants that Biden let in Tax to Corporations going up...which is a pass through driving up inflation to all of us Increase tax on Cap Gains of our investments- again

The fact that the same kinds of problems are also happening in European countries is poignant, it emphasizes the horrible ideology of the Liberal progressives.

From: bigeasygator
19-Mar-24
I think that the almost straight up spike between Q1 and Q4 for 2023 says exactly what inflation is doing to a majority of Americans

And what explains the spike from 2014-2020?

So according to that graph. If our economy is doing great now. The economy was booming sometime around late 2007 to early 2009

Not sure what you’re looking at. To me 2007-2009 looks a lot like 2017-2020. These were all pre-collapse and it looks like people were leveraging themselves against the backdrop of a strong economy. How much of that is going on right now?

Folks relying on exponential Credit

It’s easy to look at a trend and make some snap judgements that fall apart on closer examination. Again, this “exponential” credit represents a $1,500 increase in the average balance. Hardly feels like a “sky is falling” statistic - unless you’re chicken little.

From: Nyati
19-Mar-24
It’s a viscous circle. That 1500 extra is now subject to 25% interest on top of the 1500. Then that goes up each month.

If they couldn’t pay the 1500 then how are they going to pay the 1500 +25% interest?

Which is why it’s now shooting straight up like a rocket

From: Grey Ghost
19-Mar-24

Grey Ghost's embedded Photo
Grey Ghost's embedded Photo
The same trend? Look at that chart you posted BEG- it's ramping up into the stratosphere.

BEG is correct. Over the last decade, or so, people have been increasing their CC debt by about $200 every 4-5 years. The pandemic altered that trend for a few years. Now it appears to be following the same trajectory as before the pandemic.

From: Matt
19-Mar-24
My sense is the impact of inflation on Americans (especially toward the lower end of the socio-economic scale) as well as the impact that has had on credit card debt is absolutely real. Inflation exceeded wage growth from early 2021 through early 2023.

As for the cause? People seem to forget that we had a global pandemic which massively impacted supply chain which caused inflation. Then there was inflation caused by government stimulus in response to the pandemic. Then there was a war in Ukraine which also contributed to inflation on a global level.

Biden had limited influence on the majority of that, but sure….it’s all his fault.

From: Nyati
19-Mar-24
80 degrees versus 45 degrees? I don’t think so

The fact that the amount being financed by CC debt took off at such a sharp rise after they were able to pay their debt down with government funds indicates how expensive it is to live now

From: bigeasygator
19-Mar-24
Perhaps. But why did it increase from 2017-2020 when we were rocking and rolling under the MAGA economy, Nyati? Was the economy good during that point, or bad?

And again, I’m not certain how bad it really is. So people have to pay 25% on the additional $1,500/year of credit card balance they’re carrying. Is an additional $300/year in interest per person truly going to send the economy tits up?

I’m not dismissing it. But you all seem to be very reliant on a singular piece of economic data that historically has been all over the place. Every bit of data needs to be considered and put into context.

From: Nyati
19-Mar-24
I’m more concerned with the rate of most recent increase rather than the overall increase . No increase would be ideal but not realistic. People tend to push the limit with credit but this recent steep increase is concerning.

Most people have run out of government Covid funds and having to pay for inflation with their own money but doesn’t look like they’re able to without running up credit

From: spike78
19-Mar-24
Lol yeah that charts spikes up almost 90 degrees and still the Bsite libs say no big deal. What does it take $100 for 2 small bags of groceries?

19-Mar-24

Altitude Sickness 's embedded Photo
Altitude Sickness 's embedded Photo

19-Mar-24

Altitude Sickness 's embedded Photo
Altitude Sickness 's embedded Photo

19-Mar-24

Altitude Sickness 's embedded Photo
Altitude Sickness 's embedded Photo

19-Mar-24
Those that say the president’s policies don’t impact the economy Or business environment.

Go talk to the president of Hertz that had to resign because they bought in to the electric car BS

And Hertz is now stuck with vehicles no one will rent.

Battery minerals for EV batteries come from the Amazon and China. Those policies will have us more reliant on hostile nations.

Petroleum companies will not invest in ten year future projects.

Nope no effect on the economy or prices what so ever.

From: Matt
19-Mar-24
What law did Biden pass that made Hertz buy heavily into the EV fad?

19-Mar-24
https://www.epa.gov/newsreleases/biden-harris-administration-proposes-strongest-ever-pollution-standards-cars-and

From: bigeasygator
19-Mar-24
Petroleum companies will not invest in ten year future projects.

Flat out false. Literally what I do.

From: bigeasygator
19-Mar-24
https://www.epa.gov/newsreleases/biden-harris-administration-proposes-strongest-ever-pollution-standards-cars-and

I don’t see anything in their mandating Hertz buys electric cars right now. I also know exactly what will happen to that standard once a Republican gets elected as President.

19-Mar-24
You also may want to look into why power companies are closing all their coal fired power plants,

and how that is going to drive your electric bill through the roof.

I think we all see what we want to see

19-Mar-24
BEG I submit, you’re right I’m wrong everything is peachy keen. Their policies are not destroying the US.

Since it’s what you do

Tell us what your crystal ball tells you, when the next oil refinery is going to be built and where?

From: bigeasygator
19-Mar-24
Tell us what your crystal ball tells you, when the next oil refinery is going to be built and where?

A new refinery? Never. Anyone suggesting one should be built clearly doesn’t understand the economics of a new refinery. We haven’t had a new one built in this country for 50 years. That’s going back to back to Gerald Ford.

From: Grey Ghost
19-Mar-24
BEG, wasn't there a new refinery built in Texas a few years ago?

From: Nyati
19-Mar-24
BEG, you don’t see a problem with Biden mandating what a private company can buy or sell outside of the Defense production act ?????

Really ?

From: bigeasygator
19-Mar-24
BEG, wasn't there a new refinery built in Texas a few years ago?

There was, but it wasn’t what I would consider a major refinery. It is more niche and small scale.

BEG, you don’t see a problem with Biden mandating what a private company can buy or sell outside of the Defense production act ?????

Yes I do. I also don’t think the regulations are actually moving markets in a meaningful way at the moment. And I think there’s a pretty high likelihood they’ll be reversed.

Things can be bad and also not matter at the same time. That’s what you see with a lot of this policy. Most people seem to focus on the bad part. I tend to focus on the not mattering part.

From: Beendare
19-Mar-24

Beendare's embedded Photo
Beendare's embedded Photo
My nieces car under Bidenomics

That about sums up the car wreck that is Dem policy- a stolen car wreck

From: Grey Ghost
19-Mar-24
We just spent another 4 days in Winter Park, CO with my Florida buddy and his family. Their 2 young daughters had never seen snow in person, so it was an adventure for them. The town and ski area were packed. Large families with young kids everywhere. Local businesses were thriving.

My buddy manages a large inn on Sanibel Island, FL. He said his business is busier than ever too, despite the fact that Sanibel got hammered by hurricane Ian just a few years ago.

The tourist industry has always been one of my economic indicators. When people stop skiing, or hanging out on a tropical beach, or traveling to hunt, it's a bad sign. Apparently, a lot of people aren't suffering too much from this horrible economy.

From: csalem
19-Mar-24
What part of this train wreck policy does not matter?

From: KSflatlander
19-Mar-24
The one's you manufacture yourself in your own mind hooked on right wing-nut 24 ad campaign a.k.a. Fox News et. al....

From: RK
19-Mar-24
WTF are you babbling about now KS? You are once again making no sense.

From: bowhunt
19-Mar-24
Geez it’s as if some here keep missing the point of how Bidenomics is affecting people, over , and over , and over.

It supposed to help from the bottom up, and the middle out… per the big guy. Joe Biden

Median household income in the US is $75k. If you’re at or below this, Bidenomics hasn’t worked that great.

If your vacationing in San Ibell island Florida or Winter Park Colorado, your household income is probably well over the median.

Bidenomics is “crushing” people from the bottom up, and the middle out. The opposite of how he claims his policies are supposed to work.

I realize this is amusing to a few on here, but for probably half or more of the country it’s not all that funny.

From: bowhunt
19-Mar-24
“I’m wintering in Aspen, everything is so busy. The economy must be great Buffy!!!”

20-Mar-24
BEG, You deny liberal policies have any impact on gas prices. Then when I give one. You side step or flat out ignore the facts.

Liberal policies have stopped crude refineries construction permits for decades.

So since you are the all knowing oil Barron.

When a current refinery is off line for season switch over. fire or many other reasons.

Does the price of pump fuel go up in the area that refinery serves. Yes or no.

The answer is a definite Yes

Let’s see how you twist or ignore these facts.

We have to import different blends because we can’t refine them.

Now as usual show me a graph that we are exporting more oil than ever

exporting oil does us no good, we need oil we can use here

From: KsRancher
20-Mar-24
Bowhunt X2

From: DanaC
20-Mar-24
Gotta wonder how many of those vacationers are paying by credit card.

From: bigeasygator
20-Mar-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo
Liberal policies have stopped crude refineries construction permits for decades.

You don’t need to build a new refinery if you can expand capacity at an existing one. The “no new refinery” argument is a gigantic red herring.

When a current refinery is off line for season switch over. fire or many other reasons.

Does the price of pump fuel go up in the area that refinery serves. Yes or no.

Anytime you curtail supply prices are going to rise. Who is saying otherwise?

exporting oil does us no good, we need oil we can use here

Guess it all depends on what your definition of good is. I’m happy to list a multitude of ways in which exporting oil is indeed good. Furthermore, if you’re saying it’s not good for prices, that would be 100% false. Oil trades on a global market.

From: RonP
20-Mar-24
bowhunt x3. spot on!

From: Builder07
20-Mar-24
GG wants to be a 1% so much....

So flights for two FL to Den Bus Cls $1000ea, Train to Winter Park $300ea, lift tickets during Last week, this week and next Avg $215/days 7days, 3 meals a day plus drinks $250/day, etc etc. Pretty clear this is not the middle America here unless this is their one big 2024 Vacation. Basing off how many locals under 22 with Yearly passes zipping down the runs prolly not a good indicator of economic tightness. So, yer gonna drop 10-12k for 10 days and your in your what early 60's. Not a big deal. For 65% of the nation its not happening. Be nice, did it lots in my 20's.

Got bean, wheat and corn field with trees down in them. Got dry weather and ground got to get them cut, pushed out. Get fertilizer paid for and dumped. Maybe you can help me with that bill which has doubled since Joe been stumbling around.

A good indicator that folks were gonna spend $ was during the Great Covid Scare. That was easy, buy stock at fire sale prices and hold a year or two. EASY. That was an indicator. Then, GVT gave free $ to spend to everyone. Once in a lifetime chance.

Most folks cant buy or build a house now and Im talking guys in their 40-50's. Hell a kitchen & bath cost 70k alone. So, tell me when enough 50 yr olds cant have, build or buy a home in this Obiden economic boom, what do you think is going to happen GG?

From: Grey Ghost
20-Mar-24
So, when the previous administration lowered taxes that primarily benefited the top 10%, where was all this empathy for the middle to lower incomes classes then?

Both sides like to pretend they are the voice for the lower income classes. The left does it by redistributing wealth and breeding governmental dependancy. The right does it with mostly lip service. Neither side has done a damn thing to narrow the gap between the haves and have nots. But that's the beauty of our economy. The opportunities are there for anyone who wants them badly enough. You should never count on the government for anything.

From: bowhunt
20-Mar-24

bowhunt's embedded Photo
bowhunt's embedded Photo
bowhunt's embedded Photo
bowhunt's embedded Photo
bowhunt's embedded Photo
bowhunt's embedded Photo
More Bidenomics

From: bowhunt
20-Mar-24

bowhunt's embedded Photo
bowhunt's embedded Photo

From: bigeasygator
20-Mar-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo
Not bad for homeowners.

From: Grey Ghost
20-Mar-24
"Most folks cant buy or build a house now and Im talking guys in their 40-50's. Hell a kitchen & bath cost 70k alone. So, tell me when enough 50 yr olds cant have, build or buy a home in this Obiden economic boom, what do you think is going to happen GG?">

If 40-50 year old folks don't own a house by now, I'd ask them WTH have you been waiting for? We just went thru a decade of virtually free mortgages. No one's fault but their own.

From: bigeasygator
20-Mar-24
Facts, GG.

From: KsRancher
20-Mar-24
BEG. My wife and I bought our house 8yrs ago. According to Zillow it has appreciated 35%. And that's great. But I have yet to have that big increase pay for the groceries or medical bills. I don't know how many people are like my wife and I. But the house payment gets paid upfront every month. If there is going to be a shortfall in the month. It won't be the house payment. It will be in the form of using a credit card to pay for groceries and medical bills. So if you based my financial situation off of my house equity and house payments being on time. You would assume I was flat out killing it

From: bowhunt
20-Mar-24

bowhunt's embedded Photo
bowhunt's embedded Photo
Some more Bidenomics

He’s growing the economy from the bottom up!

From: bigeasygator
20-Mar-24
Well, whether you want to tap into it or not, your equity is wealth, albeit not as liquid as other forms (ask Trump about that).

I’m merely highlighting that posting articles about how unaffordable housing doesn’t tell the whole story. Yes, part of that is from interest rates. But part of that is also appreciation of home prices - which while not great for buyers, is certainly great for homeowners and sellers.

From: bigeasygator
20-Mar-24
Maybe people shouldn’t be buying more car than they can afford, bowhunt. And that record default rate, what is the percentage? Does that statement apply to all borrowers or only borrowers fitting a certain category, like subprime borrowers?

From: bowhunt
20-Mar-24
I’m guessing g they could afford the car when they bought it.

After few years of Bidenomics, they couldn’t anymore????

From: KsRancher
20-Mar-24
Honest question. How do I access that wealth? And I don't mean kicking the can farther down the road. I mean truly access it to help with the current finances

From: Grey Ghost
20-Mar-24

Grey Ghost's Link
KSRancher, there are a few ways to tap into the equity in your house, including a fixed rate second mortgage, adjustable rate Home Equity Line of Credit, or a reverse mortgage if you are old enough to qualify. Each have pros and cons.

From: bigeasygator
20-Mar-24
I’m guessing g they could afford the car when they bought it. After few years of Bidenomics, they couldn’t anymore????

I pulled up the article from your screenshot. As I suspected, it pertains only to the subprime auto loan market. Imagine that - those individuals with the poorest credit, with a history of financial mismanagement - are demonstrating that they can’t navigate the current economy. Keep in mind the default rate is 6% for that group. So, 94% of even subprime borrowers are meeting their financial obligations. That headline doesn’t sound as shocking though, eh bowhunt?

Honest question. How do I access that wealth? And I don't mean kicking the can farther down the road. I mean truly access it to help with the current finances.

HELOCS, home equity loans, refinancing your mortgage, selling your house. Some of those may be more practical than others. They all come with some level of cost as well.

From: Nyati
20-Mar-24
Using your homes equity to meet daily living expenses is absolutely the WORST thing someone can do. You’re literally giving away the rights to the shelter over you and your family’s head . It’s a direct path to homelessness.

From: bigeasygator
20-Mar-24
I’d disagree. Other forms of debt are far worse.

From: Grey Ghost
20-Mar-24
"Using your homes equity to meet daily living expenses is absolutely the WORST thing someone can do. "

I tend agree about using them for daily living expenses, But, If you have a bunch of high interest CC debt, a home equity loan with a much lower interest rate can be used to pay the CCs off and spread the debt out for a longer period. Or, a home equity loan can be used for home improvement projects that increase the value of your home. Or, if you have a new business venture, you can use an equity loan to get it started. Leveraging debt isn't always a bad thing.

From: Nyati
20-Mar-24
Leveraging debt isn’t always a bad thing.

Unless your name is Donald Trump , then it’s a crime against humanity

From: Grey Ghost
20-Mar-24
Trump tried to leverage equity that didn't exist for more favorable interest rates on loans. Completely different than what we're discussing.

From: scentman
20-Mar-24
OK, Trump is the worst person to have ever walked this earth... all his sins are much worse than any other business persons dealings, rapes women without proof, is a racist, extortion, deals with prostitutes, eats McDonald's food... all this just happen to start when he came down the elevator... before that he was a total success, yea right. scentman

From: KsRancher
20-Mar-24
Matt. As far as I am concerned. That's just kicking the can farther down the road. Borrowing money to pay borrowed money doesn't fix anything. I get what your saying about borrowing low interest money to pay off high interest money. But there isn't a way to access that "wealth" like there is access that same amount of wealth in a savings account

From: Grey Ghost
20-Mar-24
Rusty, I hear you. I would never advocate using a home equity loan to pay daily expenses. If I was living paycheck to paycheck, and struggling to pay bills, I would take a hard look at my expenses and my income level. One or both of those would have to change. I was at that crossroads early on in life when I had champagne tastes on a beer budget. I chose to buckle down and make more money so I could afford the champagne. Every able minded and bodied person has that opportunity too. Don't expect the government to do it for you.

From: Nyati
20-Mar-24
GG, it’s the same thing. Trump leveraged his equity for a financial benefit ( the same as any company, or private person does) Ya’ll are advocating for a person to leverage the equity in their house for a financial benefit. Getting money from property equity is a financial benefit It’s semantics, with the same result

From: Grey Ghost
20-Mar-24
Nyati, it's not even remotely the same thing. Trump intentionally lied about the value of his assets to get favorable interest rates on loans. He leveraged equity that didn't exist and he got caught. Personally, I think the banks who gave him those loans are culpable too, but I'm not a judge.

From: bigeasygator
20-Mar-24
If someone lies about the worth of their home to secure more favorable financing terms, then we’d be talking about the same thing as Trump did, Nyati. The issue isn’t the fact that he tried to tap into equity.

From: scentman
20-Mar-24
GG, wouldn't the banks know the value of the assets? My home is worth maybe 300,000, if I tell a prospective buyer it's worth 500,000 to me take it or leave it... is that illegal? Would a bank give a loan if it was not worth 500 000? Banks do their homework and are not going to dole out money unless there is something in it for them. How do you get loans with equity that does not exist? Does not make sense, but if your saying that the banks are scrupulous that's a whole new can of worms!

From: bigeasygator
20-Mar-24
Because the loans were essentially based on the value of all of Trump’s assets. And while there is a level of due diligence involved, they are not going out and getting appraisals on everything Trump includes in his Statement of Financial Condition. It’s a way different loan than a tradition mortgage or home equity loan. They are relying on the information he provides about his assets to be accurate.

From: scentman
20-Mar-24
Ok Beg, thanks for explaining... so Trump is the only business man guilty of this infraction? 450 million worth? You have to admit that this is a stretch to effect the coming election of president, your an intelligent person, would you deny my assessment of the situation?

From: Grey Ghost
20-Mar-24
Scentman, as I said, in Trump's case it does seem like the banks didn't do their homework, but I haven't cared enough to research the details. I'll just wait to see what happens in the appeal. But, again, that's not what we're talking about.

From: scentman
20-Mar-24
I get my threads mixed up;0)

From: Michael
20-Mar-24
As I understood it Trump claimed he was worth 4 billion and the banks said he was worth 2.5 billion and gave him the loans anyways.

Since a lot of trumps wealth is real estate isn’t that subject to personal opinion?

A side note the judge in the case gave his opinion that Mar a logo is worth 18 million when actually to most real estate people it’s worth a lot more.

From: DanaC
20-Mar-24
"I'll just wait to see what happens in the appeal. "

Right now, Trump can't seem to afford to appeal.

From: Matt
20-Mar-24

Matt's Link
Altitude Sickness, I asked about “passed” legislation, not “proposed”. Attached is a link showing that a year later the rules you cited remains “proposed”.

Not to mention the proposed stricter emissions rules would apply to automobile manufacturers, which Hertz is not.

From: bluedog
20-Mar-24
Oh Lord, won't you buy me A Mercedes Benz? My friends all drive Porsches I must make amends

From: Nyati
20-Mar-24
Trump didn’t do anything that other companies and most people do.

Everyone tries to stretch their assets to get better loan rates. It’s what is done. Banks look at the financials and decide for themselves and they have whole staffs of people that do that. The banks didn’t complain, they were happy. Got paid back and made money.

The problem is when a prosecutor runs on a platform of elect me and I’ll find a crime on Trump.

That’s not the way our judicial system is supposed to or was set up to work. Our nation will go into a deep dark hole if that’s the standard going forward

From: Matt
20-Mar-24
“As I understood it Trump claimed he was worth 4 billion and the banks said he was worth 2.5 billion and gave him the loans anyways.”

Banks will typically downward adjust a borrower’s net worth to account for the impact of taxes, sales costs, etc, so the $4Bn to $2.5Bn haircut doesn’t tell much of a story. The notion is that $1 of equity isn’t worth a dollar if a property needs to be sold to satisfy a debt. There are income taxes (~$.30) and sales costs (~$.05) that need to be netted out. That simple math comes out very close to the amount Trump’s net worth was adjusted by DB on a % basis, although you can’t do good analysis without know the cost basis of the properties involved.

What does tell a story is that, under greater scrutiny, it was determined that the $4Bn amount was grossly - and knowingly - overstated. Therein lies the problem.

And having worked in commercial and corporate banking for over 20 years, it is not true that most companies and people commit fraud in their dealings with banks.

From: Don T. Lewis
20-Mar-24
Relax if Biden gets elected again and for health reasons he can’t handle it. Kamala Harris says she’s ready for the job. I’m being very sarcastic!

From: Michael
20-Mar-24
I don’t see anything in the links by Altitude or Matt about legislation. It does talk about regulations being pushed by the EPA. It is concerning the EPA would push for this. After all they already lost at the Supreme Court on West Virginia vs EPA.

From: Builder07
20-Mar-24
You do realize the entire Bowsite has been enduring a bad episode of Tool Time with these same Bowlib's since Barraaack was running for POTUS.

Look at what 1000 plus sq ft under roof, concrete, complete and furnished pre Covid? 50k maybe??? Today thats 100k. Not much different from a new trk, 2013 40K, today 80K.

15yrs ago these folks were not 40 0r 50yrs old. Had kids and maybe rented. Starting out in life. Have you even looked at what kiddie care is for two kids a month? Maybe you should. Runs about $1000/kid depending on needs and location. So, one parent is likely working for that payment.

You Bow libs that did all your buying and rearing of kids under good economy's are now like. "to bad for you younger folks now. Drive a hooptii, eat Ramen, drink powder milk and your family will be like mine one day". Chillin in a resort town in the MT's eating ribeye's puffing premium legal blunts and laughing at everyone that has not got there yet. Yeah, your Rich indeed.

From: Matt
20-Mar-24
“I don’t see anything in the links by Altitude or Matt about legislation. It does talk about regulations being pushed by the EPA.”

You are right in that it is not “legislation”, but the proposed EPA rules are very clearly part of Biden’s platform so relevant to the topic. Probably even more relevant than legislation as a president is the one who signs legislation into law but not the one who writes it. Biden can have a greater hand in dictating policy through EPA rules.

20-Mar-24
1000i sqft home turn key is going to be $150,000-$200,000

That $150/sqft is everything cheap. Project source faucets, vanity’s, toilets, flooring. Etc…. You could easily get $220-$250/sqft in it if you had two baths in it and chose kolher or delta stuff. Add a tile shower and bathroom floors and you are there.

From: Michael
20-Mar-24
Matt, that’s my whole point when I mentioned West Virgins vs EPA. The Supreme Court ruled Congress needs to pass these things not agencies under the presidential administration pushing them through. Basically the Biden administration is saying screw SCOTUS.

And for the record I am not saying it’s not relevant to the topic.

From: Matt
20-Mar-24
Michael, I totally agree. Congress should be the body that is deciding these sorts of things, but they have generally decided they would rather get re-elected than make policy.

It used to be that congress hawkishly defended its primacy of making law but has increasingly deferred to the SCOTUS in recent years - much to the SCOTUS’s dismay.

From: Grey Ghost
20-Mar-24
"You Bow libs that did all your buying and rearing of kids under good economy's are now like.....blah blah blah"

Typical Shawn Magyar, he thinks he knows more about your life than you do. I was just getting my adult life started in the late '70s and early '80s when inflation was in the double digits. I bought my first home at 28 years old and paid 12% interest on the mortgage. I've endured recessions in the '70s '80s, '90s, 2000, and 2008, as have most of us here. We all made it thru those tough times, as will most younger folks today.

You Chicken Littles crack me up.

From: 70lbDraw
20-Mar-24
“We all made it thru those tough times, as will most younger folks today.”

We’ll yeah…at $15.00 an hour plus tips, to work at McDonalds?…That is, until the burger building robots take over.

From: Beendare
20-Mar-24

Beendare's Link
The WSJ has been outlining the failed World policy of the Biden Admin, interesting reading how Russia, China and N Korea are rising internationally while the US fails miserably.

Bidens two faced aid to Hamas and Iran....while trying to placate Israel is pretty see through.

The linked article discusses other failures that don't make the headlines. It was picked up by Real Clear so you can read without the pay wall, "Biden Weakens America’s Global Clout" [you might have to click the link through the RC site]

I doubt anyone wants to be the imperialistic USA of decades past...but we are definitely losing influence to Russia and China. If we screw around and lose world currency status....our dollars will not go near as far as they do today.

From: KsRancher
20-Mar-24
Matt x2. We have all had hard and good times. Most everyone will make it thru the hard times. I can guarantee you I will. Bust my ass 7 days a week to make sure I do.

From: Builder07
20-Mar-24
You worked doing what? Dont tell us Building. We have seen that thing you have, Please. I have owed four homes. Raised kids and helped raised two grand kids of the four I have. Right thing to do under Joebama's reign.

Tell us please how to late twenty's folks with school loans, couple kids, child care, food, etc making it? Can you, sure.

Much tougher today than Banking failures of the mid 80's. I would take the 12% loan and 75c fuel, 40c burgers, and Granddad watching the curtain climbers. The Bowsite Anachronism is here to stay. The all knowing taking stock tips from other Bowsiter's. Hilarious.

From: Grey Ghost
20-Mar-24
"You worked doing what? Dont tell us Building. We have seen that thing you have,

Exactly who has "seen that thing" I have, Shawn? When did you see it, and which "thing" are you talking about?

Congrats on raising kids, how are they doing now? Maybe you can share some of your GI Joe stories too. We're always impressed by those.

20-Mar-24
Liberal policies are working just fine. Quit believing your lying eyes.

From a resident

Simultaneously in Illinois, the Mayor of Chicago is suing Glock because they made a handgun that the thugs on the streets were able to invent “glock switches” to turn them full auto. The legal theory is that Glock should have made it more difficult to convert their guns to full auto.

We’ve entered clown world my friends. I hate to sound condescending, but anyone reading this in Illinois better have a plan to get the heck out of that State. It took me ten years to escape and required a $300k loss on a home and $100k in excess property taxes paid over the same timeframe in any surrounding State. All for the privilege of living in a State with a lower credit rating than Romania, a $100 BILLION+ unfunded pension liability for teachers, soaring crime, an outright ban on GCA/NFA items, annual emission testing of vehicles, the highest property taxes in the nation, a 5% income tax rate, some of the highest fuel charges in America, and a one-party rule representation in the US Senate for my lifetime. The smash and grabs on the Magnificent Mile have driven away the tourists, the Gold Coast’s mansions are down in value almost 50%, several billionaires and their enterprises have left, etc.

There is no recovery for Illinois. Run. Illinois is the model for what Obama, oops I mean Biden wants for the entire country.

From: Grey Ghost
20-Mar-24
I'm surprised no one has mentioned Bernie's new bill that he's stumping. He wants to mandate a 32 hour work week. That should help with inflation (sarcasm). Do you think he's ever worked 32 hours in the last 4 decades, or ever? Good Lord, please help us get rid of these brain dead career politicians.

From: Michael
20-Mar-24
I seen that GG. That is just insane. Us in the working class that have built the country and provided the food work twice that amount and even more in a week.

Speaking of the housing situation. If you live in New York just move into someone else’s house. The cops will arrest will arrest the real house owner and not the squatter.

From: spike78
20-Mar-24
GG the difference between you paying 12% back then was that a house was maybe 100k and now that same house is 300k with 7% interest rate. Hmm

From: Grey Ghost
20-Mar-24
Spike, it's all relative to the time and place. I flipped that $100K house for $310K in 10 years. Interest didn't matter, it was a great investment. The same opportunities exist today for non-Chicken Littles.

From: KsRancher
20-Mar-24
A little different than a house. But talking to farmers and ranchers about the interest in the 80's. They said they would much rather buy ground like they did in the 80's compared to now. It was much easier to make the ground pay back then. The ground was fairly cheap with high interest. So they could write off a REALLY big chunk of their land payment. Compared to the past 10yrs where the land is crazy high with cheap interest. You can't write off nearly as much of your land payment.

From: Grey Ghost
20-Mar-24
Rusty, if your plan to success is being able to write off interest payments, you should rethink your strategy.

From: KsRancher
20-Mar-24
Not talking about myself. I wasn't even born yet. It's just an observation I have made from talking to landowners that I have done dozer and excavator work for. These are guys that just started buying land thru the late 70's and into the late 80's. A lot went broke. But the ones that kept on have turned their net worth from nothing into 8 figures. It wasn't that it was their business plan going in they said. But after seeing low land with high interest and then high land with low interest. They would choose the low land and high interest between the two scenarios

From: Beendare
21-Mar-24
Today we see more Obiden policy that literally can’t find their butt cheeks with both hands. Whomever is in charge of the Dem party is pushing their “ Tax the Rich” budget proposal which- affects anyone with capital gains…or anyone retiring and taking money out of their investments. Dem policy is to kill incentives and redistribute wealth. You Dems should ask yourself- why attack the successful people pushing this country forward to buy votes and spend taxpayer money to support Illegals? —— In Foreign policy; Blinken promotes a cease fire resolution in Gaza. So lets get this straight. The US just recently voted AGAINST the UN resolution for a cease fire in Gaza.

Biden just insulted Netanyahu…but still throws them aid…….all while sending aid to Palestine…and Iran on the other side.

Talk about incentivizing war. Its like tossing a match in a dry field and claiming the wildfire did it…not the match.

From: Beendare
21-Mar-24
Bidenomics; Unfortunately...I think many people are fed up with the hypocrisy, corruption and lies.

Biden sets the tone...and the tone is giveaways, freebies, Spend money on frivolous stuff...and worst of all, Screw the hard working folks...especially those with some money.

Example; Vigilates went in and Booted the Squatters in that Queens NY home where the owner was arrested trying to TAKE POSSESSION OF HER OWN HOME. Its crazy. These crooks just stole her home- and she gets arrested. Just one more example of the crooks and illegals having more rights than the hard working citizenry. [ I had the same thing happen to me in Ca back in 2011 on a house I bought- though I didn't go to jail, cost me an attorney $$$$ and 5 months of time]

Frankly, I would give those vigilantes a Citizen of the year Award!

Liberal progressive policy is creating all of this. Good people just aren't going to stand by and take it and I think trump is right- people are fed up and we will have some big blow ups in the future. Its disgusting....Palestinians literally shut down Congress and get a slap on the Hand. Grandmas walk into the capitol on J6- and are held for years without rights in prison. While the smug Liberals whine about MAGA...something tells me many of those libbers are going to get those smiles wiped off their faces.

I hate to see things get ugly....but thats where Bidenomics is taking us....

From: spike78
21-Mar-24
Yup and now that same land is unaffordable to a lot of people now. What used to be 10k is now 100k.

From: Beendare
21-Mar-24

Beendare's Link
This Bidenomics Climate policy would be funny....if it weren't costing taxpayer in the US dearly. What a total joke.

Biden just mandated stricter EV standards on an accelerated timeline. The facts from our own Gov agency NHTSA; The National Highway Traffic Safety Administration NHTSA did an impact assessment of 4 fuel standard proposals and compared them to the cost of doing nothing. Guess what.

The Wall Street Journal reports: Buried deep on Page 56,342 of volume 88 of the Federal Register, the agency makes this concession about its latest proposed rules: “Net benefits for passenger cars remain negative across alternatives.” In plain English, this means that mandating ever-more-stringent fuel economy for passenger cars will harm society. _______

See the link for the entire article....but the chart from the NHTSA tells the story- doing nothing is better than Bidenomics current proposal.

21-Mar-24
The only reason they pulled back from the EV cliff. is the auto industry in Michigan. And the union workers are now behind Trump

From: Beendare
21-Mar-24

Beendare's Link
This Bidenomics Climate policy would be funny....if it weren't costing taxpayer in the US dearly. What a total joke.

Biden just mandated stricter EV standards on an accelerated timeline. The facts from our own Gov agency NHTSA; The National Highway Traffic Safety Administration NHTSA did an impact assessment of 4 fuel standard proposals and compared them to the cost of doing nothing. Guess what.

The Wall Street Journal reports: Buried deep on Page 56,342 of volume 88 of the Federal Register, the agency makes this concession about its latest proposed rules: “Net benefits for passenger cars remain negative across alternatives.” In plain English, this means that mandating ever-more-stringent fuel economy for passenger cars will harm society. _______

See the link for the entire article....but the chart from the NHTSA tells the story- doing nothing is better than Bidenomics current proposal.

From: Beendare
21-Mar-24
sire went crazy- duplicate

From: Beendare
21-Mar-24
duplicate

From: Beendare
21-Mar-24

Beendare's Link
Duplicate

From: Beendare
21-Mar-24
John Kennedy Twitter post from the Climate hearings today;

Democrats want to spend $50 TRILLION to become carbon neutral & held a hearing to tell us why.

Dem witness: Carbon dioxide is "a huge part of our atmosphere."

Me: "It’s actually a very small part of our atmosphere." (0.035%)

Dem Expert (Ha!) olympic cross country skier Gus Schumacher : "Well, okay. But, yeah. I don’t know." ____________

Kennedy obliterated him. It's 5 minutes of disaster for the Dem leadership on Twitter...it's entertaining actually that they would trot out a bunch of clueless Climate weinies to sell their proposed Trillions in spending. [site won't let me link to Twitter]

Maybe he should have asked if he knew how many Metric tons of Carbon the Climate Czar and hypocrite extraordinaire John Kerry's jet has pumped into our atmosphere since Biden was elected; [Answer; 300 Metric tons]

From: DanaC
21-Mar-24
I lowered my 'carbon footprint' - threw away my pencils and only use ink pens now.

From: bluedog
21-Mar-24
Carbon dioxide is indeed a small part of the atmosphere. It is fact that it is increasing. This is a legitimate cause for concern.

From: spike78
22-Mar-24
Bluedog doesn’t trees turn carbon dioxide into oxygen? I have an idea cut down more trees for solar panels!

22-Mar-24
True. People regurgitate facts from agendas. Not reality. The earth is covered in more trees right now, then at any given time over the last several thousand years.

Trees convert oxygen to CO during the night. They photosynthesis durning the day. It’s about a 1:1 ratio. Because trees don’t photosynthesis all day long.

But, the carbon credit guys among us don’t care to know reality. Only the agenda they decide is most correct.

From: bluedog
22-Mar-24
Have fun guys

From: KSflatlander
22-Mar-24

KSflatlander's Link
"The earth is covered in more trees right now, then at any given time over the last several thousand years."

Estimates for 10,000 years ago there was 6 billion forest hectares and in 2018 there was 4 billion hectares.

"People regurgitate facts from agendas."

For some people....Agreed.

From: 4nolz@work
22-Mar-24
I've read the Midwest corn crop produces more O2 than the Rainforest

From: DanaC
22-Mar-24
"Trees convert oxygen to CO during the night. They photosynthesis durning the day."

????? Where did you learn Botany. O2 is produced as a byproduct of photosynthesis. When the sun shines.

(simplified) CO2+ H2O --> CH2O + O2. Trees take in water and carbon dioxide, convert those to carbohydrate and release O2 in the process.

From: Grey Ghost
22-Mar-24
"I've read the Midwest corn crop produces more O2 than the Rainforest"

Only during the growing season. Otherwise, trees and perennials produce far more.

From: KSflatlander
22-Mar-24
"I've read the Midwest corn crop produces more O2 than the Rainforest"

Maybe for one week in July lol. But eventually that may be true statement lol.

From: Grey Ghost
22-Mar-24
Dana, trees, or any plant, produce O2 when they photosynthesize and CO2 when they respirate or decay. Over their lifespan they generally produce a net gain of O2. That's a very simplified explanation, but you get the idea.

22-Mar-24
Estimates are not facts dumbass.

From: KSflatlander
22-Mar-24
Well then how do you know how many trees exactly were around 10,000 years ago or 2000 years ago or even today? It's all estimates idiot. You think someone went and physically counted all the world's trees.

22-Mar-24
What we do know concerning forest size is relatively young. And, the size of the world’s forest has been increasing, every year since it’s been documented.

Besides that, we have estimates. And basing facts on estimates is accurate only if we are correct. And, unless you got a relative from 10,000 years ago that told you different, I’ll stick with what we know. Instead of what agendas tell me to think.

From: KSflatlander
22-Mar-24
"And, the size of the world’s forest has been increasing, every year since it’s been documented."

False

Only Justin can complain about agenda and people using it instead of facts, make something up, and then rejects the best scientific data we have (estimates) and rejects due to his agenda.

A Bowsite hall of fame classic

From: RK
22-Mar-24
I love the Classics !!

From: Beendare
22-Mar-24
You Liberal Dem hypocrites need to give up your pick up trucks, it’s Democrat policy.

Edit my wrong stat; The new regs call for Auto manufacturers to make up 67% of their new car sales EV’s by 2032. This will ratchet up to that amount but a quick search doesn’t show the exact figures.

Its obvious to anyone with 1/2 an IQ- the Democrats don’t want folks driving pickups. I bet I will get some kind of exemption because I have contractor licenses, construction businesses…but limiting them will make them harder to get and drive up the cost more than Bidenflation already has.

Don’t you think the people that voted these idiots in should have to live by their policy?

From: 70lbDraw
22-Mar-24
“Well then how do you know how many trees exactly were around 10,000 years ago or 2000 years ago or even today? It's all estimates idiot.”

But global warming is the worst it’s been in the history of the Earth itself?!?! 10,000, or 2000 years ago… so who really are the experts?

From: bigeasygator
22-Mar-24
By 2027 Biden mandated 34% EVs on the road.

No he didn’t.

From: DanaC
23-Mar-24
I was watching a documentary recently about the demise of the American chestnut tree. Estimates put the number of trees that died at up to 4 billion. That's one species. In one part of the United States.

What strikes me is insane is the tree huggers who insist that all forests be maintained by doing nothing. One of the best ways to sequester carbon is to build with wood. The carbon in the chestnut beams in the old house I live in has been 'sequestered' since 1882.

'Old-growth forest' has become a religious icon for these nut cases. Modern forestry management is the environments best friend. A good mix of forest age classes, a.k.a. 'habitat diversity,' benefits the most types of wildlife, from mice to moose.

It's the hunter-conservationists who are putting their money up for the cause of healthy Forests. (I would encourage everyone who owns a shotgun to join the Ruffed Grouse Society.)

From: buckhammer
23-Mar-24
In the last 6 months 2 homes were built about a mile from mine. They were built on agricultural land and have not a tree with in 200 yards. Right out in the open. Each home is 1500 sq. ft. with an attached garage. The garages on each home are big enough for 2 small cars or one truck. Unpaved driveway, propane for heat, and you have your own well and septic. Each home sits on a 1.5 acre lot.

The one home with the nicer exterior is listed for $375k the other $330K. When it comes to money i know 2 things....how to make it and how to save it. A person(s) should have their(s) head examined if they were to even think about spending that kind of money for that little of a home.

From: Beendare
23-Mar-24
BEG, thanks for correcting me. I will edit my post above.

The actual is; Automakers could still comply with the final rule by making EVs account for 67 percent of new car sales in 2032, according to the EPA. But they could also meet the requirements by making all-electric vehicles account for 56 percent and making plug-in hybrids represent 13 percent, the agency said. ——- The fact is; This will make the cost of buying a new pickup even more expensive than it is now….and the Democrat message is clear…they don’t want you to drive pickups

From: Beendare
23-Mar-24

Beendare's embedded Photo
Beendare's embedded Photo
The Bidencensorship hard at work screening the facts from their voter base.

Media being kept away from reporting the disaster at the Mexican border…attached pic is our border patrol putting up a sign restricting media presence ( if the site works)

23-Mar-24

Altitude Sickness 's Link
https://www.fool.com/investing/2022/06/05/chevrons-ceo-says-no-more-us-oil-refineries-what-s/

This is how policy impacts gas at the pumps. Just as we all know it does.

Some here want to deny that liberal policies have any impact on prices.

“ In Wirth's view, the U.S. won't ever build another refinery. That's because it's impractical for an energy company to consider building a refinery due to the current environment. Wirth said, "You're looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying, 'We don't want these products to be used in the future.'" So even if a company like Chevron was willing to commit the time and capital to build a refinery, it doesn't make sense”

From: DanaC
23-Mar-24
Buckhammer, either of those homes would sell for twice that if they were within 20 miles of Boston, or NYC etc.

Location makes prices crazy.

Was looking at a list of home prices by state and it's not really surprising. BUT, the highest states prices were dominated by areas surrounding big cities. Get away from those and houses are at a fraction price-wise. (For instance, compare greater New York City with say, the Utica area.)

Unfortunately, the urbanization of jobs continues to drive things in this direction. You can live cheap if you don't need to work 'in the city'.

From: Beendare
23-Mar-24
You Liberal Dem hypocrites need to give up your pick up trucks, it’s Democrat policy.

By 2027 Biden mandated 34% EVs on the road.

Don’t you think the people that voted these idiots in should have to live by their policy?

23-Mar-24
Can you imagine if liberals all separated themselves into several states and got to live in their utopia.

They got everything they want. How long would it last?

From: bigeasygator
23-Mar-24
By 2027 Biden mandated 34% EVs on the road.

No he didn’t.

From: Beendare
23-Mar-24
Maybe not Bidenomics…but Democrat policy in our Nations capitol has a “ Non Citizens Voting act allowing Illegal immigrants to vote in local election, serve on election committees, DC council and even DC mayor.

Citizens sued…but an Obama appointed judge shut down the lawsuit….the House passed a resolution to over turn this…but the Dems in the Senate stalled and stalled and let the resolution run out.

George Soros, Gavin Newsom, Adam Schiff, Pelosi, Maxine waters, Omar, AOC, Tlaib…etc is the Current Democrat party. What can you say about the voters putting these people in power. My god…and there are still some here defending the party wrecking our country…

From: DanaC
24-Mar-24

DanaC's Link
Aliens are NOT allowed to vote for "President, Vice President, Presidential elector, Member of the Senate, Member of the House of Representatives, Delegate from the District of Columbia, or Resident Commissioner"

They may be allowed by state law to vote for other measures on the ballot.

https://uscode.house.gov/view.xhtml?req=(title:18%20section:611%20edition:prelim)

From: Timex?
24-Mar-24

Timex?'s embedded Photo
Timex?'s embedded Photo

From: Grey Ghost
24-Mar-24
I'm curious what administrative policies caused US oil production to reach record levels in 2023 and the cost of gasoline to drop over 25% from 2022 prices.

From: Nyati
24-Mar-24
Raiding our strategic oil reserves developed for emergency situations like wars and embargoes, but under Biden used to lower gas prices for political reasons

From: Timex?
24-Mar-24
Gg.......... The covid debacle threw such a large wrench into the gears of the economy , worldwide, that looking back is kinda of useless ....and post covid things were done to get the economy going again.

I'm not educated but imo this country has changed dramatically from pre & post covid, and also pre & post Trump as well.......hard to believe the impact one man, Trump has had on this country.

From: BowSniper
24-Mar-24
Cost of gasoline dropped 25% from 2022 prices .... you mean after going up 100% from 2020 prices???

From: Grey Ghost
24-Mar-24

Grey Ghost's Link
In inflation adjusted dollars gas has been higher than it was in 2022. And comparing 2020 prices, during the peak of a pandemic, is rather disingenuous. If you're going to blame policy for the spike in 2022, then you have to credit policy for record production and lower prices in 2023. Personally, I don't think policy had much of anything to do with it. Fuel prices are driven by global supply and demand more than just about any commodity.

From: Beendare
24-Mar-24
Typical liberal Democrat mentality-and they don’t realize they are doing it.…..ignore the big picture and many extreme policy fails and focus on one bit of minutia.

Hundreds of billions of dollars are going down the drain because of Democrat immigration policy. More drugs, cartel members and vicious, criminals creating havoc with our country.Oh, but let’s focus on a couple percentage points of something ..and argue the crap out of that.

Now if only the Reps can get their act together, dump all of the RINOs…we just might get somewhere.

.

From: Nyati
24-Mar-24
And policy decisions regarding lifting Russian sanctions on Nord Stream 2 and lifting sanctions on Iran didn’t lead to large cash infusions which enabled Russia to invade Ukraine and Iran to finance Hamas to invade Israel. Both countries are selling black market oil now with little if any consequences.

But I guess Biden policies has nothing to do with any of that and it’s pure coincidence

From: Matt
24-Mar-24
“This is how policy impacts gas at the pumps. Just as we all know it does.”

Can you explain 1) how building new refineries would make economic sense when U.S refinery capacity utilization rates are well below the historical peak, and 2) how having more un-used refining capacity would decrease gas prices at the pumps? Some of you folks who think they have it all figured out are simply ignorant of what drives capital allocation decisions in industry. No CEO in their right mind would push for new refineries when the domestic currently has ample capacity - not to mention the most cost-effective way to increase capacity is to expand existing refineries rather than build new ones.

But, but, but…Bidenomics.

From: Nyati
24-Mar-24
Matt, you’re equating bidenomics with only refineries. That is an infinitesimal fraction of Bidenomics. And I would agree adding capacity to existing refineries makes more economical sense in this political climate.

But remember, Biden made the term Bidenomics up and promoted it, and now it hangs like an albatross around his neck

From: Matt
25-Mar-24
“Matt, you’re equating bidenomics with only refineries. That is an infinitesimal fraction of Bidenomics.”

And yet the full extent of the comment I was responding to.

From: spike78
25-Mar-24
Gas goes from 2 to $4 and back down to $3 and GG thinks that’s great cuz it’s down 25% you can’t make this stuff up.

25-Mar-24
Matt,

Despite the record amounts of exported oil, the EIA states that the United States imported more oil than it exported. This is in part because many of the refineries in the country are not set up to process the type of crude oil that is produced in the United States. Instead, the United States primarily imports oil from its neighboring countries.

It’s easy to twist these numbers to make liberals fossil fuel policies look like they are working.

From: Grey Ghost
25-Mar-24
"Gas goes from 2 to $4 and back down to $3 and GG thinks that’s great cuz it’s down 25% you can’t make this stuff up."

What you can't make up is what I actually posted. I never said anything was "great". I asked a simple question that no one has answered, so far. I'll try again.

If you believe administrative policy dictates oil production and the price of gas, then what policies caused record US oil production and nearly 30% lower gas prices in 2023?

From: DanaC
25-Mar-24
Oil prices are dictated by international and multinational concerns. Most of which don't give a rats patoot about 'US policy'. They will adjust and tweak their output to maximize profits. If our "friends" in Saudi Arabia decide to lower production, what policy of ours is going to make a damn bit of difference?

Production goes down, prices go up, until high prices drive demand down. Then prices go down, demand increases, and prices climb again. It's a game, and Joe Biden is a minor player at best.

From: Matt
25-Mar-24
“It’s easy to twist these numbers to make liberals fossil fuel policies look like they are working.”

Or to twist them to make it seem as though it’s Biden’s fault.

From: Nyati
25-Mar-24
When any American president says we’re going to end fossil fuels it’s going to have an effect on what the world perceives and how oil companies decides their strategy going forward. Both play a part in price points. Policy decisions change simple supply and demand economics.

From: bigeasygator
25-Mar-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo
Despite the record amounts of exported oil, the EIA states that the United States imported more oil than it exported. This is in part because many of the refineries in the country are not set up to process the type of crude oil that is produced in the United States. Instead, the United States primarily imports oil from its neighboring countries.

This literally doesn't matter. Like at all.

When any American president says we’re going to end fossil fuels it’s going to have an effect on what the world perceives and how oil companies decides their strategy going forward. Both play a part in price points. Policy decisions change simple supply and demand economics.

No it doesn't. American oil companies are smart enough to separate economic fact from political bluster. We are continuing to set oil production records in this country.

25-Mar-24
Record production of crude that can not be refined here. Because decades of liberal anti fossil fuel policies.

Much of the additional crude the US is producing Our refineries can not process.

So it’s being shipped overseas. And the type of crude we can process is being imported.

I didn’t say Biden. I said liberals.

It’s like saying; hey I’m making 200% more wages in a week. But I’m getting paid in currency I can’t use.

From: Grey Ghost
25-Mar-24

Grey Ghost's Link
"Record production of crude that can not be refined here. Because decades of liberal anti fossil fuel policies. Much of the additional crude the US is producing Our refineries can not process. So it’s being shipped overseas. And the type of crude we can process is being imported.

Not true, according to the EIA. Here's a quote from the link above:

" Most of the crude oil produced in the United States is refined in U.S. refineries along with imported crude oil to make petroleum products."

From: bigeasygator
25-Mar-24
Record production of crude that can not be refined here. Because decades of liberal anti fossil fuel policies.

Much of the additional crude the US is producing Our refineries can not process.

That's not even close to true. We are net importers of crude oil and net exporters of refined crude product. Like literally the opposite is true.

25-Mar-24
GG Here is the rest of that quote

Despite the record amounts of exported oil, the EIA states that the United States imported more oil than it exported. This is in part because many of the refineries in the country are not set up to process the type of crude oil that is produced in the United States. Instead, the United States primarily imports oil from its neighboring countries.

From: bigeasygator
25-Mar-24
Because it's cheaper to do so. You are arguing for the uneconomic option.

From: Grey Ghost
25-Mar-24

Grey Ghost's Link
Jay, it's simple economics, as BEG has been saying repeatedly. We import the cheap crap from neighboring countries and export our expensive high quality oil because it makes economical sense.

"Although exports increased in the first half of 2023, the United States still imports more crude oil than it exports, meaning it remains a net crude oil importer. The United States continues to import crude oil despite rising domestic crude oil production in part because many U.S. refineries are configured to process heavy, sour crude oil (with a low API gravity and high sulfur content) rather than the light, sweet crude oil (with a high API gravity and low sulfur content) typically produced in the United States.

U.S. crude oil imports come primarily from historical trading partners such as Mexico and Canada. Heavy, sour grades of crude oil are often discounted compared with light, sweet grades of crude oil because they require more complex refinery units to produce profitable yields of refined products such as motor gasoline, diesel, and jet fuel. Most U.S. crude oil imports take place when it is more profitable for U.S. refiners to process discounted heavier grades because those refineries have already invested in the additional complexity required to refine them.

The rapid increase in U.S. domestic production in the early 2010s increased domestic light, sweet crude oil production. Light, sweet grades of crude oil traditionally benefit from a price premium in the global crude oil market because they yield high amounts of profitable petroleum products from less complex refining processes.

Some U.S. refiners on the Gulf Coast have invested in expanding their light, sweet crude oil processing capacity. However, for many refiners, particularly in the Midwest and along the Gulf Coast, refining discounted heavy, sour crude oil grades remains more profitable."

25-Mar-24
So now you’re agreeing with me, but the reason is because of Price?

earlier you said it wasn’t happening.

From now on, I will refer to Bowsite oil experts, instead of the CEOs of oil companies, and the EIA

From: bigeasygator
25-Mar-24
earlier you said it wasn’t happening.

No one said it wasn't happening. And yes, it's because of economics. It's always because of economics. If it made economic sense to do something different, we would.

Kinda why we don't power all of our homes with solar. Or drive cars powered by hydrogen. I mean, if we cut all oil usage to zero right now, we wouldn't have to worry about any imports which would be great by your logic. However, it would be an absolute disaster economically.

From: Beendare
25-Mar-24

Beendare's Link
The Bidenomics massive proposed tax increases that will affect every American, more at the Real Clear website linked article;

President Biden has released another historic budget, proposing record high tax increases to fund massive increases in spending. While he talks about fiscal responsibility, the President is calling for more spending and higher taxes than any other in our history.

Under his budget, the total amount of taxes Americans pay every year would nearly double, Increasing from $4.4 trillion in 2023 to $8.6 trillion in 2034, a 95% increase. At the same time, spending would soar, increasing from $6.1 trillion in 2023 to $10.3 trillion in 2034, an increase of 70%.

The President is proposing $4.9 trillion in tax increases, the largest tax increase ever proposed. Under his budget, taxes as a share of the economy would average 19.7% of GDP, well above the 50-year average of 17.3%. Over the next ten years, taxes would increase to the highest extended levels in our nation’s history, climbing above 20% of GDP four years in a row, a level reached only once before in World War II.

Individual taxes would increase to 10.2% of GDP, 28% higher than the 50-year average of 8.0%, and a level reached only once before since the income tax began in 1913. Corporate taxes would increase to 2.4% of GDP by 2026, a 50% increase over 2023 and the highest level since 1979.

The President says he is only raising taxes on big corporations and the wealthy. But he is actually proposing 75 separate tax increases which would hit millions of individual taxpayers, small businesses, and working families. The Treasury Department’s explanation of the tax increases is 256 pages long, with a revenue table listing all the tax increases 10 pages long. Cont at link..l

From: Matt
25-Mar-24

Matt's Link
“Record production of crude that can not be refined here. Because decades of liberal anti fossil fuel policies.”

Now there have been decades of liberal anti-fossil fuel policies? They must have been strong back in 1977 when the last major refinery was built in the U.S. It is amazing the length that some people will go to spin a yarn to prop up a misconception rather than just realize they are wrong.

Attached is a link regarding US oil refineries. One thing to note that, as explained multiple times above, while there have been no large new refineries built in the U.S. in almost 50 years, the production capacity of existing refineries has been massively expanded since they have come on line.

———————

It is so disingenuous of Biden to imply that an increase in taxes to big corporations happens in a vacuum. As stated above, it is all about economics, and to some degree those tax increases will be passed down throughout the socio-economic rungs of our society. They are a thinly-veiled indirect tax on all consumers.

From: RonP
25-Mar-24

25-Mar-24
Matt , let’s make this simple without semantics

please explain to me what kind of oil is being imported and why.

And yes, there were liberals against Oil in the 70s also

From: bigeasygator
25-Mar-24
Matt , let’s make this simple without semantics please explain to me what kind of oil is being imported and why.

Heavier crudes typically, as the lighter crudes being produced domestically from the fracking boom are a relatively new phenomena. Which is why we export about 4 mln barrels of crude oil per day. Again, at the end of the day, the economics make much more sense to import the crude than to sink a bunch of CAPEX into developing refining capacity to deal with more of the lighter stuff here.

At the end of the day both buyers an sellers are going to aim to get the best price they can, and oil is a globally traded commodity. A healthy free market where people are free to trade globally is the best way to ensure the lowest prices, so it's not even clear what you're upset about Altitude.

From: Grey Ghost
25-Mar-24
Jay, for almost a century, the US's oil policy has been to conserve their own resources of expensive high quality light sweet crude oil, while importing and burning up cheaper low quality heavy sour crude oil from other countries. That's why our refineries are set up to refine the cheap stuff. And that's why we still import the cheap stuff.

It's been a good policy because now we are sitting on some of the largest reserves of the best oil in the world. It's a finite resource that is only going to get more valuable. Wouldn't you rather have more of it, now, instead of burning thru it decades ago?

25-Mar-24
I defer to your expertise guys. I’m happy that the climate alarmists are not stifling capital investment in this countries fossil fuel expansion.

It’s good to know we have enough refineries for the next few years.

And we won’t increase our population and demand past current capacity.

I feel much better now.

25-Mar-24

Altitude Sickness 's Link
More Bidenomics spending at work. Pay your “Fair Share” gentleman. :>)))

From: Matt
25-Mar-24
“Matt , let’s make this simple without semantics please explain to me what kind of oil is being imported and why.”

As stated, we import cheap, low-grade oil because we have the infrastructure to refine it. We do that because it is the least expensive way to provide gasoline to US consumers.

“And yes, there were liberals against Oil in the 70s also.”

Moving the goal posts I see. Were there liberal anti-fossil fuel policies in the US which were constraining refinery development/investment in the 1970’s? The answer is “no, there was not”. Time to set aside your bias if you actually want to understand.

“It’s good to know we have enough refineries for the next few years.”

That is hilarious. There hasn’t been a significant refinery built in the U.S. since 1977 and yet our refining capacity has grown immensely since that point in time. But you believe that our existing refineries will somehow cease to be functional after just a few more years? They are not perishable.

From: RK
25-Mar-24
Classic Bowsite nonsense.

I do love it so. Especially from the experts

From: bigeasygator
25-Mar-24
Classic RK non-contribution. Nothing of value to add. Gotta love it.

From: Catscratch
26-Mar-24
I've actually learned quite a bit about the oil industry in this thread.

From: Beendare
26-Mar-24
How much is Bidens flood of illegals costing us? The very non transparent Biden admin and various states have been refusing the FOIA requests that would tell us.

Howie Carr on his website compiled a list in Massachusetts;

Freebies c/o Howie Carr Here’s the list of free benefits the state provides for the thousands of illegal aliens in the “migrant shelters.” This all comes from sources, because the state refuses to provide information as mandated under the Freedom of Information Act (FOIA).

GENERAL WELFARE COSTS FOR ILLEGAL ALIENS: Free hotel rooms at $150+ a day. Three meals a day at $64 per person per diem. Free on-site medical & dental services (including condoms). Special diet for Ramadan. Free same-day dry cleaning w/free pick up & delivery. Free housekeeping twice a week. Free cell phones, chargers/charging ports. Free tablets, IPads. Free clothing, new & used. Everyone got new free winter coat, gloves and shoes. Free toiletries (tooth paste, deodorant, special “ethnic” shampoos, skin cream, aspirin, tooth brushes, feminine products).

“FOR THE CHILDREN”: Free diapers, wipes, diaper pails, cribs, bassinets, playpens, baby bottles, baby formulas, free car seats, free new mother bags, playrooms for young illegals w/free toys & books which must be replaced often because of destruction.

SUNDRY FREE STUFF & SERVICES: Free tax preparation at $350 per family. Even though next to none work, all will get big returns via “child tax credit.” Free work-permit attorney. Free asylum attorney. Free MassHealth (Medicaid) coverage. Free vaccination clinics. Free WIC (Women, infants, children) cards, $400-800 a month on top of 3 free meals a day. Free DTA (Dept. of Transitional Assistance) welfare checks… “family” of 4 pockets $2880 a month. Free Uber/Lyft to schools, grocery stores, doctors’ appts., hospital, job interviews, entertainment. Free public transportation, but nobody takes a bus when they can get a free Uber. Free transportation to church, via either Uber or church provided. Holiday parties. Movie nights in hotel.

Free postage stamps, envelopes. Free Notary service. Free English as a Second Language (ESL) classes. 24/7 security. School choice transportation via Uber or buses, big $$$, plus overwhelmed local school systems. Flood of 911 calls, first responders overwhelmed answering domestic disturbances, drugs, alcohol and general entitled Third World nonsense calls.

IF THE ILLEGALS EVER DECIDE TO LEAVE ON MOVING DAY THEY GET: $30,000 in “rental assistance” over 2 years from state’s HomeBase program. Free UHaul & boxes. Free luggage on moving day. Free new beds for all “family” that moved into new flophouse. Delivered free of charge. Free furniture up to 10 items (couch, tables, end tables, rugs, etc.). A free move-in package (plates, towels, cutlery, etc.) Up to $900. Delivered free.

WELFARE WORKERS: A free assigned case manager to find the freeloader a free place to stay & negotiate rent/lease. Case managers to make sure the welfare keeps coming (DTA, WIC, MassHealth & SSI for the “disabled”). “Stabilization manager” – case worker for 2 years after leaving the flophouse. Free case workers for “early childhood intervention.” DCF (Dept. of Children & Families) for those “struggling with parenting.” Free “life coaches” from DCF.

From: Nyati
26-Mar-24
That adds up quickly for 5-10 million illegal aliens

From: Michael
26-Mar-24
I worked on a major expansion in Poet Arthur Tx at the Valero plant in 05 and 06. Our scope was to install 2 new sulfur recovery units. Not sure what the contractors scope was but there was 5 or 7 contractors with various scopes of work.

At the time there was a lot of talk about a huge expansion at Motiva coming up. In the future. Basically adding another 325 MBD capacity which would have doubled Motiva’s output. If I am not mistaken this was finished in 2012.

I know flint hills in the upper Midwest has done some pretty serious upgrades as well in the last 10 years or less.

From: Matt
26-Mar-24
Michael, that refinery was referenced in my last link. You are spot on: “In 2012, Motiva upgraded its refinery in Port Arthur, Texas, making it the largest U.S. refinery, with a capacity of 626,000 b/cd as of January 1, 2023.”

From: Grey Ghost
26-Mar-24
The US is the world's #1 exporter of refined petroleum products by a wide margin. I think we'll be fine for a few years.

From: RK
26-Mar-24
Nothing of value for sure. Just less words

From: Beendare
26-Mar-24

Beendare's Link
Oooops, The Bidenomics energy policy of relying on Renewables just took a hit....who could have predicted this?

Texas Hail Storm Destroys Thousands of Acres of Solar Farms

From: bigeasygator
26-Mar-24
The US is the world's #1 exporter of refined petroleum products by a wide margin. I think we'll be fine for a few years.

bUt We HaVen’T bUiLt NeW ReFiNeRiEs!!

From: Grey Ghost
26-Mar-24
LOL!!! ^^^

From: Matt
26-Mar-24
“bUt We HaVen’T bUiLt NeW ReFiNeRiEs!!”

Don’t foget the ones we have are approaching their “best by” date.

27-Mar-24
^^^ very funny. You guys keep believing that government policies have no impact on the global oil market and I’ll keep believing that they do.

Let’s move the conversation to the macro view

We’ve of course have been talking about the micro level, US permits and the like.

but at macro levels. Dozens of times the presidents bumbling around in foreign politics, has led to shortages. regime change, and installing puppet dictators has bit us in the ass numerous times in regards to fuel prices.

And there are many other examples of how politicians and their policies have impacted the world oil market.

You act like it’s this mysterious, voodoo, nebulous entity, acting on its own. that humans playing games have no impact.

CNN polled the chief executive officers of the leading oil and fossil fuel energy companies, and here is what their anonymous replies were

Another 11% pointed to environmental, social and governance (ESG) issues. The ESG movement has led many investors to shy away from fossil fuel companies in favor of clean energy ones.

About 15% of executives said "other" factors were to blame, including personnel shortages and supply-chain problems.

'Vilification' of the oil industry

Still, multiple executives surveyed expressed significant concern about regulations and rhetoric on the industry coming from the federal government as well as individual states such as Colorado.

"The message from the White House, Capitol Hill and Wall Street has been that oil and gas is a dying industry and one that needs to be abandoned," one survey respondent said. That executive pointed to "serious workforce issues" that are being driven in part by the "vilification" of the oil-and-gas industry.

"Regulation is significantly hurting and hampering US energy production," another executive said. They cited E.S.G. primarily, and if you’re in company, leadership or management, you know what a E.S.G. survey is, and how equity firms and groups in control of most of the capital these days do not invest unless your E.S.G. score is very high.

companies like black rock have openly stated E.S.G. is how they make their business decisions And in case you’ve been living under a rock. this whole E.S.G. nonsense started with Democrats do a little more reading gentleman.

Now admit your wrong and let’s move on :>)))

From: Grey Ghost
27-Mar-24
Jay, first, that article is over 2 years old. Second, you cherry picked the content that suits your narrative. Here's one part that you conveniently left out.

ONLY 6% BLAME GOVERNMENT REGULATION

"Following Russia’s invasion of Ukraine, the US price of regular gasoline hit a record high of $4.33 a gallon. Although environmental policies are often blamed for high energy costs, oil executives do not seem to view them as the central factor here. Just 6% of executives polled by the Dallas Fed pointed to government regulations as the primary reason publicly-traded oil companies are restraining production growth."

Furthermore, you still haven't explained what government policy or regulation caused all-time record oil production in the US in 2023.

27-Mar-24
Matt going back-and-forth obviously is not convincing each other. I think E.S.G. and the government war on fossil fuel sets of tone for investment.

With Industries like Oil and any big capital intensive industry. You don’t typically see the results for 10 to 20 years.

and then it’s too late to blame who caused it. This current situation will not be happening 10 to 20 years from now.

Because everything is hunky-dory right now, doesn’t mean squat. unless you think the country is not going to need fossil fuels in 20 years.

We are not convincing each other, so let’s just agree that you are wrong and I am right :>))))

27-Mar-24

Altitude Sickness 's embedded Photo
Altitude Sickness 's embedded Photo

From: Grey Ghost
27-Mar-24
Thanks for the discussion, Jay.

27-Mar-24
Let’s talk Tarpon fishing instead my Freind

From: bigeasygator
27-Mar-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo

bigeasygator's Link
Another 11% pointed to environmental, social and governance (ESG) issues. The ESG movement has led many investors to shy away from fossil fuel companies in favor of clean energy ones.

About 15% of executives said "other" factors were to blame, including personnel shortages and supply-chain problems.

It's really funny that you cite those survey results, Altitude. They are years old as GG points out, and they come from the quarterly Dallas Fed survey of Oil and Gas executives. The survey questions vary quarter to quarter to reflect hot topics in the industry.

The specific question that was asked of them for which you are citing those survey results was "Which of the following is the primary reason that publicly traded oil producers are restraining growth despite high oil prices?" I know that because I cited that survey many times two years ago when I was trying to convince posters on this site that the reason oil and gas companies aren't spending has little to do with government regulations.

Your results are spot on for those categories. I find it funny because you completely left out the #1 survey response that was given, which is what I was arguing at the time. The chart above is the full results of the survey, and it can be found at the linked site.

From: Catscratch
27-Mar-24
Tarpon is my bucket list fish. Love it when you guys post pics of them!

27-Mar-24
Let’s talk Tarpon fishing instead my Freind

From: Beendare
27-Mar-24

Beendare's Link
Does anyone really believe the lying Biden when he blames Corporations for inflation and economic conditions? Common sense folks care…what can we think about died in the wool Democrats who continue to ignore this massive policy fail?

The fact is; US consumers have lost 1/5th of their purchasing power since 2020. Thats a chunk….1/5th of all of your savings and assets- gone.

From the ( objective) Austrian economists at the Mises Institute, article “Price Inflation Accelerates for Second Month as Biden Blames "Greed"” at link (Excerpt) In recent months, supporters of the current regime have repeatedly claimed that inflation is "falling" or otherwise rapidly disappearing. Paul Krugman has been one of the most vocal cheerleaders claiming the problem of price inflation is "solved." The February numbers, however, have proven troublesome for this narrative because it is becoming increasingly clear that price inflation is not, in fact, rapidly disappearing. Rather, the month-to-month numbers suggest price inflation is growing.

Moreover, cumulative price inflation over the past four years has been enormous. The CPI increased by 19.9 percent from February 2020 to February 2024. In other words, assuming the CPI is correct—and isn't low-balling the real extent of price inflation—the dollar has lost one-fifth of its value in just four years. This has been devastating for many savers and for those on fixed income.

From: bigeasygator
27-Mar-24
1/5th of all of your savings and assets- gone.

That's not at all what that means. Depending on your assets and savings, they very likely will mirror inflation. The returns on my savings and assets far outpaced inflation during that time period.

the dollar has lost one-fifth of its value in just four years

A very simplistic and incomplete view of inflation. A more complete view of "purchasing power" would be looking at real wages IMO, which have not decreased by 20% since 2020.

From: Matt
27-Mar-24

Matt's Link
“The fact is; US consumers have lost 1/5th of their purchasing power since 2020. Thats a chunk….1/5th of all of your savings and assets- gone.”

Your analysis ignores wage gains, so your fact isn’t exactly that. Inflation has reduced the purchasing power of a dollar by roughly 1/5 since 2020, but wage gains have largely offset that for most people (e.g. if each dollar is worth 20% less but consumers are getting 20% more dollars, they come out roughly even). This is often referred to as “consumer buying power”. That is why the article you cited said the impact to savers and those on fixed incomes were most significantly impacted as they do not receive the benefit of wage inflation.

The attached link demonstrates this graphically. What is most notable is that inflation exceeded wage gains during most of 2021-2022 which is when most everyone was feeling the impact of inflation, but that has largely corrected.

The article did correctly illustrate that Biden is full of $#!+ in his assessment of the economy.

From: Catscratch
27-Mar-24
Who the hell has been getting 20% raises? I make basically the same now as I did 4yrs ago. Spending 30% more on essentials is decreasing my purchasing and saving power significantly. Not exactly a hard equation to figure out, and exactly why it's easy to bitch about this "great" economy.

From: TRnCO
27-Mar-24
What is most notable is that inflation exceeded wage gains during most of 2021-2022 which is when most everyone was feeling the impact of inflation, but that has largely corrected.

Yeah right, if ya believe that then I have some ocean front property in AZ for sell.

From: bigeasygator
27-Mar-24
Who the hell has been getting 20% raises?

Yearly? Probably no one. But the 20% number being quoted for inflation isn't a yearly number. To average out to 20% increase over ~3 years, you'd need to average roughly 6%/year. Which is pretty close to what the average wage growth of the economy has been since 2020. Just because you aren't getting it doesn't mean other people aren't. For the last year you can see we're starting to see real wage growth - wage growth minus inflation - which we didn't have for two years.

From: Matt
27-Mar-24
"Who the hell has been getting 20% raises?"

The data in the article was from the start of COVID lockdowns (1Q20) to present, so basically 4 years. To get 20% a wage gain over that period you would need to receive a ~4.7% raise each year over those 4 years.

From: Michael
27-Mar-24
I want to know who has out paced the cumulative inflation numbers with wage gains.

I know I haven’t. My wage gains have come in at 1% since 2020. The people I know in the construction world have not seen the 5% that is talked about.

From: Grey Ghost
27-Mar-24

Grey Ghost's Link
Here's 10 occupations that had 18-24% wage increases just in 2023 alone

From: Matt
27-Mar-24
Odd that they didn’t list California fast food workers, all of whom will be making $20/hour starting next month.

From: TRnCO
27-Mar-24
yee haw, 10 occupations hit it out of the park, out of 100's....

From: Grey Ghost
27-Mar-24
Actually, if you read the article, the combined average wage growth of over 770,000 US workers was 5.4% in 2023.

From: TRnCO
28-Mar-24
There's a good reason most people aren't feeling good about the economy. It's because they know they have less spending power today than they did just 3 years ago. It's real, they see it in their bank accts. and credit card debt.

Wish my wife and my income was keeping up with inflation, but I guess we're the smucks bringing down the avg. My last raise was 3%, BUT since health ins. cost went up, my company also increased withholding to help pay for that. So much for a raise. Wife just got off of 3 months of 1 day/week furlow. Thankfully she wasn't laid off in the last round of layoffs, at the time furlow started. And she hasn't had a raise in two years. She was planning to retire this year, BUT since the cost of everything is going up so quickly, we don't see that it's possible without having to worry about running out of money in the end.  

From: spike78
28-Mar-24
So 770,000 workers got 5.4% but inflation went up 6% or more. Umm

From: bigeasygator
28-Mar-24
So 770,000 workers got 5.4% but inflation went up 6% or more. Umm

No, 770k is the sample size of the dataset Payscale used to compile their report.

From: Nyati
28-Mar-24
So, the 770,000 number is just a small sample of people that saw their wage increase not keep up with the inflation rate?

From: Matt
28-Mar-24
“So 770,000 workers got 5.4% but inflation went up 6% or more. Umm”

US CPI growth in 2023 was 3.4%. Not hard to look up, although that is harder than just making up a number.

From: BowSniper
28-Mar-24

BowSniper's Link
According to Forbes, the bigger issue is the CUMULATIVE inflation, now up 20% since 2020.

Comparing back 12 months is one thing. But a bad 12 months stacked on top of previous bad 12 months, etc is the real cost killer.

From: KsRancher
28-Mar-24
Apprearntly I need to start reading the same stuff and watch the same things some of you do instead of watching my own finances just so I can know how great I am supposed to be doing

From: bigeasygator
28-Mar-24
So, the 770,000 number is just a small sample of people that saw their wage increase not keep up with the inflation rate?

I'm baffled how you guys draw your conclusions. Inflation was somewhere around 3.5% in 2023. The study suggests wages rose 5.5%. This means on average workers real wages rose 2%. This aligns with the broader Fed data.

From: Grey Ghost
28-Mar-24
Matt is correct. As stated earlier, wage growth has outpaced inflation for more than a year. Just because you haven't seen it in your small bubble doesn't mean it's not happening elsewhere.

From: bigeasygator
28-Mar-24
And just because real wages are rising again doesn't mean they've overcome all the inflation we've seen. That said, the "real" cost of inflation (that is, how much inflation has outpaced wage growth) is nowhere near 20% on average across the economy.

From: Matt
28-Mar-24
While simply comparing wage growth to CPI makes for easy discussion, it doesn’t paint the entire picture either. CPI intentionally leaves out certain potentially volatile items like food and energy, which can represent a pretty significant % of a family’s budget.

From: Grey Ghost
28-Mar-24
The BLS publishes CPI numbers that include food an energy too. They just don't get the same attention as the "core" number that excludes them. As I mentioned before. The latest CPI number that includes food energy is actually lower than the number that doesn't. That's because food inflation was only 2.4% over the last year, and fuel prices went down. When you add food and fuel to the "core" inflation, they actually serve to lower the overall number over the last year.

From: DL
28-Mar-24

DL's Link

From: Nyati
28-Mar-24
I guess we’ve all been wrong about this inflation thing and it’s really not bad at all. Yet I wonder why it’s still at the top of the list in all the national polling

From: Matt
28-Mar-24

Matt's Link
What I struggle to wrap my brain around is that, while consumer buying power seems to have evened out, household debt levels and delinquencies are on the rise. That tells me there is either something the the numbers aren’t telling us (eg very uneven wage growth as some are reporting here) or perhaps consumers reset their lifestyles based on COVID stimulus and are now borrowing to maintain it.

“Credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels,” said Wilbert van der Klaauw, economic research advisor at the New York Fed. “This signals increased financial stress, especially among younger and lower-income households.”

From: Catscratch
28-Mar-24
"As of October 2023, the Consumer Price Index for All Urban Consumers (CPI-U) was up 18.7 percent compared to February 2020, the last month before the Covid-19 pandemic."

From the same article: Transportation increased 28.1%, Food 23.4%, and Housing 19.8%.

Transportation, food, and housing are the three categories that have risen the most and account for almost a 24% increase in cost to live. For the wages of a family bringing in $50k a year to keep up they would have had to increase their wages of $12k or more. That's a huge jump in pay for workers in that economic class and I sincerely hope they all got that as suggested in this thread.

https://www.statista.com/chart/31264/change-in-us-consumer-prices-by-expenditure-category/#:~:text=As%20of%20October%202023%2C%20the,before%20the%20Covid%2D19%20pandemic.

From: Grey Ghost
28-Mar-24
I don't think anyone has said inflation hasn't been bad, only that it's improving, especially now that wage growth is outpacing it. Weren't any of you guys alive in the late '70s and early '80s when inflation was in the double digits for 3 years in a row? How did any of us survive that?

From: Nyati
28-Mar-24
Matt, the reason debt levels are increasing is because people are not able to maintain their current lifestyle on their income due to everything increasing. Trying to maintain is leading to more debt and/or delinquencies .

Yes, I was around in late 70s and early 80s. Bought my first house during that time. But it just seems worse this time around and the majority of people apparently think so too. That’s reflected in the polling data .

People can claim that things are working and getting better all day long but the people just aren’t seeing it or feeling it

From: KsRancher
28-Mar-24
If people think that it's worse this time there is probably a reason why. But luckily we have people on here that can post a link to some great numbers to let us know that we're sitting just perfect.

From: Grey Ghost
28-Mar-24
Why do some of you twist what others say? No one has said inflation hasn't been bad. No one has said we're "sitting just perfect". A few of us have tried to provide actual data that shows things are improving, however. Apparently, finding an optimistic side of life gets you labeled as a Biden loving libtard. Nothing could be further from the truth for me.

From: KsRancher
28-Mar-24
GG. My post was more directed to BEG. I consider myself a very optimistic person. And yes, things are starting to get a LITTLE better. But dont blow smoke up my ass my posting a link to "how great wages are" and "inflation and wages are right where they are supposed to be" that's according to BEG

From: Grey Ghost
28-Mar-24
Rusty, I haven't interpreted BEGs post that way at all. He's been making the same points Matt and I have been making.

From: bigeasygator
28-Mar-24
I never said it was great. I've maintained two points: (1) things are improving related to inflation and (2) looking historically, things have been much worse.

Perhaps it feels very different this time because things have been so good for so long (at least from an inflation perspective). Mind you, low inflation isn't always great. Healthy inflation can signal a healthy economy with healthy demand. Given the current inflation levels and looking at other economic health factors - GDP, employment, etc - that "feels" like where things currently are.

It doesn't mean that pain hasn't accumulated due to the year or two of elevated inflation levels that have now largely subsided. It's clear that the inflation pain seems to be at the forefront of most people's minds.

From: Nyati
28-Mar-24
Grey Ghost, because that’s what Biden and his choir has been telling us

From: Matt
28-Mar-24
It would be interesting to see data breaking out in wage gains by economic strata over the past 4 years. This apparent contradiction of data showing 1) wage gains more than offsetting inflation and 2) increasing household debt and delinquencies could be a symptom of the increasing wealth concentration in the US. I am a staunch capitalist, but I also believe that capitalism needs guard rails and that America's current brand is not sustainable.

From: bigeasygator
28-Mar-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo

bigeasygator's Link
It would be interesting to see data breaking out in wage gains by economic strata over the past 4 years.

While not necessarily by "economic strata," this data break down by the Fed is probably pretty close. I don't see any major deltas between categories. Visit the link to see the categories (which include things like Services, College Grads, Hourly Workers, etc).

From: bigeasygator
28-Mar-24

bigeasygator's Link
Some more data breaking down wages and inflation, including by wage percentiles. The Bureau of Labor Statistics data shows the income increases are skewed to the middle and bottom-most earners.

From: DL
28-Mar-24
Must be nice to have wage increase with inflation. Wait until you’re on a fixed income when you retire. My wife and I are both 74 and still having to work until we can’t.

From: Nyati
28-Mar-24
If you’re making 200,000 a year a 5% raise can probably get u an extra ski weekend at Vail.

If you’re making 50,000 a year with a 5% increase might be able to get a steak dinner for your family a couple times a month

From: Grey Ghost
28-Mar-24
That’s true. Inflation always hits the low income earners the hardest, always has.

From: bigeasygator
28-Mar-24
No doubt inflation affects is regressive in nature.

From: KsRancher
29-Mar-24

KsRancher's Link
Its just a "small subset" of people that think inflation is bad.

From: Beendare
29-Mar-24
Toss off a 21% loss of purchasing power like its nothing.OMG, More excuses for Dem policy.

Sure some of us have outpaced inflation through strategic investing…but that is not the bulk of Americans. Low income and Seniors have been hit hard. Democrat policy has literally sucked 1/5th of their purchasing power since 2020–no surprise the hypocrisy and arrogance of ‘Let Them eat Cake’ Democrats.

Democrat politicians want to raise taxes as much as 40% in the latest from Bidens puppetmasters…so that they can spend even more on idiotic policy. This will hammer the avg American. It shocks me some here still don’t see how bad the Dem party has become…or the fact many Reps side with the Dems forming a uniparty to stay in power. The proposed tax to Corps will just get passed through to consumers making inflation worse….a stealth tax to all of us…but still many aren’t smart enough to see through that guise. Sad.

From: spike78
29-Mar-24
Their will never be higher taxing of the rich if you haven’t noticed they spew this garbage before every election but nothing ever happens.

From: bigeasygator
29-Mar-24
Toss off a 21% loss of purchasing power like its nothing

Nobody’s shrugging it off. Only highlighting that it is a tiny part of the story. Do you also bemoan the fact that milk isn’t 5 cents a gallon anymore?

Democrat policy has literally sucked 1/5th of their purchasing power since 2020

Is there anything in your life the government isn’t responsible for, Beendare? Just curious, because you seem to live in a world where the free market has zero power and everything is the result something the government did. Also, is the Fed dual mandate now classified as Dem policy??

Also saw the latest PCE read was under 3%.

From: Nyati
29-Mar-24
Liberals seem to be shouting that inflation is only 3% now

But they seem to forget that’s ON TOP of the 20% it’s went up over Biden’s time in office

From: Matt
29-Mar-24
“Toss off a 21% loss of purchasing power like its nothing.”

If that was actually true, people would pay greater attention to it. As explained above, the U.S. dollar lost that level of purchasing power due to inflation, but by and large households did not due to wage gains.

“But they seem to forget that’s ON TOP of the 20% it’s went up over Biden’s time in office.”

Like many here seem to forget that Trump signed the CARES Act which started the stimulus-driven inflation in the first place. That is not to excuse Biden’s incompetence in handling the economy, just to highlight that selective memory exists on both sides of the debate.

From: Grey Ghost
29-Mar-24

Grey Ghost's Link
"But they seem to forget that’s ON TOP of the 20% it’s went up over Biden’s time in office"

Not exactly. Biden took office in Jan of 2021. Inflation from that date to today has averaged 4.62% per year, for a total cumulative gain of 14.52% today. And, yes, that includes food and fuel. That is not an endorsement for Biden, just the facts.

The question that no one has answered yet is, what could possibly cause prices to go back to pre-pandemic levels other than an extended recession? Is that what some of you are hoping for?

From: bigeasygator
29-Mar-24
Seems so, GG. Guessing it’s been a long time since most of these posters took an economics class.

But they seem to forget that’s ON TOP of the 20% it’s went up over Biden’s time in office

You know it’s gone up 260% since Reagan was president. Damnit trickle down!!

(That is sarcasm btw)

From: Nyati
29-Mar-24
Prices in some areas will go back down when supply exceeds demand . For example beef, due to prolonged drought, high fertilizer costs, high feed costs cattle numbers in USA are at their lowest number since 1948. When supply picks up the price will come down

From: Grey Ghost
29-Mar-24
I wouldn't hold your breath on lower beef prices. Everything I've read, or heard from local ranchers, is the price of beef will probably continue to climb in 2024. Most analyst say it will take a decade to replenish the supply enough to significantly reduce the price. And that's assuming Mother Nature cooperates.

From: Catscratch
29-Mar-24
A LOT of locals had their ponds dry up last summer. They hauled what water they could but at a point there's only so much a guy can do in a day. Combined with the new cost of fuel and fert prices jumping from $480 to $1200 a ton and a lot of production cows got turned into hamburger. Going to be a while before that resource is recovered.

From: Grey Ghost
29-Mar-24
Scratch, every cattle rancher I know in my neck says the same. Sad but true. Nothing to do with “policy” though.

From: Nyati
29-Mar-24
No one said it had anything to do with policy. It was stated that it was a possibility of beef prices going down due to supply and demand economics if conditions improve for cattle ranchers

From: Grey Ghost
29-Mar-24
So now you’re arguing free market dynamics, not “Bidinomics”. We agree.

From: Timex?
29-Mar-24
Wait just a minute........

I've been hunting a cattle farm in Loudoun County va for 30 years,,,,roughly 10 years ago there was a government program,,,clean water act, that partially funded the installation of well supplied cattle watering stations & the fencing off of all creeks / streams. If you have any environmental concerns this was a good thing. That would've been under the Obama administration.

Just saying.

From: Beendare
29-Mar-24
Sadly, There is no amount of facts that will change some folks political persuasions....and this is why we have the gov we have now. Our government sets the tone and policy...to claim the president or their policy doesn't matter is just plain silly.

The problem- and then the response we get

Buy votes by paying student loans- its only a couple billion dollars

Inflation way up- no big deal my investments are up

Illegal immigration off the charts...along with the drugs and crime that comes with it- I haven't got bonked on the head yet-so no problem

Dress wearing Military more concerned with DEI than protecting our country- isn't that cute

Every single cabinet position in the current admin is an unqualified buffoon- its immaterial

Foreign policy a total disaster- ugh, I'm too old to go to war

The entire countries Judicial System is a mess with no bail- criminals running free- I told you, I haven't been hit over the head yet

Dyed in the wool Dems will never get it. The rep party is shot too. What we need in the US is; 1) a more informed voter base....critical thinkers that can evaluate policy and spending bills. 2) Term limits- one and done. the power building only takes away from doing what is best for the people 3) More transparency 4) limit lobbying, Dark money and money influence- why is it OK that some can throw hundreds of millions at races and candidates?

If we had a legit gov and DOJ- Biden wouldn't even be our president right now.

From: Timex?
29-Mar-24
Beendare...........

I mostly agree........

The exception is the informed voter base part,,, with smart phones & internet, there's more information out there than ever before in history.....

The problem imo is that info has led to extreme division....

This is the biggest problem in government today imo....

From: bigeasygator
29-Mar-24
Our government sets the tone…

Tone?? lol I’ve never been in one meeting at work where we discussed “tone” when deciding how to invest our capital.

…and policy

And policy has to have teeth to matter. Congress has done nothing and despite the overreach of the three letter agencies, no one really takes them seriously as all it takes is an administration change for anything that’s put into place to be undone.

You should really start focusing on what matters for the economy, Beendare. And it ain’t the guy in the White House.

From: Nyati
29-Mar-24
Biden thought his policies were so great and important for the economy he came up with a new word for it : Bidenomics

From: Grey Ghost
29-Mar-24

From: bigeasygator
29-Mar-24
He can think what he wants to think, Nyati. Doesn’t mean he’s right. In fact, he rarely is it seems.

From: Nyati
29-Mar-24
We can both agree on that one

From: Beendare
30-Mar-24

Beendare's Link
Here is some Democrat Policy for you BEG. Maybe you forgot?

Link is to a 7 minute compilation someone put together on Twitter of multiple democrats on video all calling to defund the police….pretty emphatic too.

From: Beendare
30-Mar-24
How many times has Biden stated, “we need the wealthy to pay their fair share”

He is literally using the Nazi playbook that needs a bad guy tapping into innate jealousies. Instead of Jews its the successful Americans.

This is how ridiculous the Biden Dem policy is; In 2021 the top 10% of taxpayers paid 75.8% of the total income tax….but he wants them to pay more.

.

From: Matt
31-Mar-24

Matt's Link
Interesting article on how the COVID lockdowns changed American's spending habits, and how that helps explain the increasing credit card debt despite the economy being on more sound financial footing.

"Whatever you call it - doom spending, soft saving, YOLOing, “you only live once”- the coronavirus pandemic has changed the way Americans spend money. They are saving less but vacationing more, splurging on concerts and sporting events, and booking lavish trips years in advance. Spending on international travel and live entertainment surged roughly 30 percent last year, five times the rate of overall spending growth. Meanwhile, the personal savings rate is at lows not seen since the Great Recession.

And the spending spree has continued into 2024. Consumers spent $145.5 billion more in February than they did the month before - much of that on services - fueling the biggest monthly increase in more than a year, according to data from the Bureau of Economic Analysis released Friday. Meanwhile, the personal savings rate fell to 3.6 percent, from 4.1 percent the previous month."

From: Nyati
31-Mar-24
I agree, more people are living for the here and now rather than planning and saving for future. I can understand that if you’re 70 but not 30 or if you have the extra disposable income.

People appear to be under the impression that government will bail them out. That’s a major reason behind the outcry behind college loan forgiveness.

But with the national debt rapidly approaching 35 Trillion dollars I don’t think that’s a feasible long term plan.

From: Nyati
31-Mar-24
I agree, more people are living for the here and now rather than planning and saving for future. I can understand that if you’re 70 but not 30 or if you have the extra disposable income.

People appear to be under the impression that government will bail them out. That’s a major reason behind the outcry behind college loan forgiveness.

But with the national debt rapidly approaching 35 Trillion dollars I don’t think that’s a feasible long term plan.

From: Nyati
31-Mar-24
I agree, more people are living for the here and now rather than planning and saving for future. I can understand that if you’re 70 but not 30 or if you have the extra disposable income.

People appear to be under the impression that government will bail them out. That’s a major reason behind the outcry behind college loan forgiveness.

But with the national debt rapidly approaching 35 Trillion dollars I don’t think that’s a feasible long term plan.

From: Nyati
31-Mar-24
I agree, more people are living for the here and now rather than planning and saving for future. I can understand that if you’re 70 but not 30 or if you have the extra disposable income.

People appear to be under the impression that government will bail them out. That’s a major reason behind the outcry behind college loan forgiveness.

But with the national debt rapidly approaching 35 Trillion dollars I don’t think that’s a feasible long term plan.

From: Nyati
31-Mar-24
I agree, more people are living for the here and now rather than planning and saving for future. I can understand that if you’re 70 but not 30 or if you have the extra disposable income.

People appear to be under the impression that government will bail them out. That’s a major reason behind the outcry behind college loan forgiveness.

But with the national debt rapidly approaching 35 Trillion dollars I don’t think that’s a feasible long term plan.

From: Nyati
31-Mar-24
IDK why it keeps posting . My I-phone keeps freezing. I think it’s time for a new one. I can just put it on my credit card . LOL

From: HunterR
31-Mar-24
"IDK why it keeps posting . My I-phone keeps freezing. I think it’s time for a new one. I can just put it on my credit card . LOL"

I'll venture a guess that you are legally here in this country, otherwise you'd get that snazzy new Iphone for free. ;-)

From: Nyati
31-Mar-24
LOL, yep

From: DanaC
01-Apr-24
" People appear to be under the impression that government will bail them out. That’s a major reason behind the outcry behind college loan forgiveness.

But with the national debt rapidly approaching 35 Trillion dollars I don’t think that’s a feasible long term plan."

I wonder if they could do some sort of combination of debt relief coupled with savings incentive. Give student debtors an option - "We'll help you with your college debt IF you put some of the money you are not paying back into long-term savings."

In the short term, it would cost some money, but in the long term it might alleviate pressure on the Social Security system. It might also get young people thinking more about long-term financial planning.

On the other hand, simple debt forgiveness with no strings attached will not encourage responsible behavior.

From: Grey Ghost
01-Apr-24

Grey Ghost's Link
Eligibility for the various student loan forgiveness programs are based on either a 20-25 year repayment history, or a 5-10 year employment history in certain fields (teachers, first responders, public service, etc...) So there are some strings attached.

I'm undecided how I feel about it. I believe higher education is important, but the cost has gotten way out of hand. In my college days, I could work in the summers and make enough to pay for my education. I didn't need loans, or help from my parents. That's simply not possible these days for most young people. Something needs to change.

From: DanaC
01-Apr-24
I think a part of it is that students have no plan for what comes after their college education. Take out loans to get a degree but no idea what they're going to do to repay said loans. Which tells me that the admissions process need some rethinking.

(At this point some people start shouting that an education is a wonderful thing, regardless of how it affects future employment. OK, but not if you're saddling yourself with crippling debt.)

From: Beendare
01-Apr-24
I don’t like the trend of people not being responsible for their actions and decisions.

Steal something- oh just take it you probably needed that Louis Vitton purse

Can’t pay the student loan for your gender studies degree- the current party in charge will buy your vote

Good government doesn’t try to create artificial reliance, it creates a country that is fair and equitable. We have anything but that.

They do have a program for student loan payback if you work in one of the underperforming school districts like Oakland, Ca. Sounds like a good program until you realize…the teachers they are getting are a different form of DEI and just aren’t making a difference. In some of their defense, administrators policy of teaching to the lowest common denominator is a race to the bottom where they stand now.

So who could have predicted- instead of selecting someone for a job on their merits and accomplishments…instead they use DEI criteria…and then wonder what happened.

From: Norseman
01-Apr-24
Same ol internet warriors trying to beat their chest.

Making up for being pick last on the playground

From: Beendare
01-Apr-24
More insanity;

Biden Budget Shells Out $320 Million On Border Walls..

Oh its not for the US………its For Oman, Lebanon, Jordan, Egypt, And Tunisia. Yep, Slipped into a $1.2 trillion budget signed by Biden last weekend is about $380 million for “enhanced border security” projects in Egypt, Jordan, Lebanon, Oman, and Tunisia — about $150 million of which must go to border security in Jordan. ——- This one is on every Democrat, and some RINO Reps along with the Biden admin - all pushed this porkapotamus through. I swear we have a uniparty working against the avg American.

From: Nyati
01-Apr-24
Wonder why it works there and not here ?

From: bigeasygator
01-Apr-24
Ask the Republicans who voted it down, Nyati.

From: Nyati
01-Apr-24
They voted it down because it didn’t really do much than build more detention centers and add more judges. Small percent actually went to building border wall and border security . Plus it codified a bad bill.

From: Nyati
01-Apr-24

Nyati 's Link

From: Basil
02-Apr-24

Basil's embedded Photo
Basil's embedded Photo

From: 70lbDraw
02-Apr-24
“Ask the Republicans who voted it down, Nyati.”

BEG, if you ask for a quote to have a new roof put on your house, and the quote includes the cost to roof 5 of your neighbors homes as well, at your expense, will you accept the quote cost and authorize the work?

From: Nyati
02-Apr-24

Nyati 's embedded Photo
Nyati 's embedded Photo
Bidenomics has helped increase electricity rates here in the VA/WV region by 35% in the last 3 years

From: bigeasygator
02-Apr-24
BEG, if you ask for a quote to have a new roof put on your house, and the quote includes the cost to roof 5 of your neighbors homes as well, at your expense, will you accept the quote cost and authorize the work?

WTF are you even talking about? If this is somehow an analogy for the border bill, it's ridiculous. If you think it's absurd that the bipartisan bill had compromises in it, then you clearly have no appreciation for the process by which legislation gets created.

From: Beendare
02-Apr-24
I suppose we have to hope that US voters see stuff like hundreds of millions in Bidens budget is going to a border wall 1/2 a world away.

Hopefully they hear about Biden spending billions in taxpayer dollars to fly in illegal aliens to overstressed areas

Lets hope they see the many reports each week of the brutal crimes and murdering of little girls committed by illegals let in by this admin…and realize that there are potentially battalions of terrorist soldiers in our country waiting to reek havoc at any time.

And hopefully the MSM will realize the many problems in this country are due to their political partisanship of looking the other way and allowing it to happen. Its a travesty we have to see the insane shit show on the border from citizen reporters and Twitter feeds while MSM quotes the Biden admin hacks saying “ Biden has done a lot to secure the border” “ the border is secure”

Political hacks in media are allowing these lies to proliferate.

From: Nyati
02-Apr-24
And that is exactly why no border bill was passed or is even on the table now.

Demanding 90% to give 10% is called extortion not compromise

From: BC173
02-Apr-24
What Nyati said x2

From: KsRancher
02-Apr-24
Nyati x3

From: Ron Niziolek
02-Apr-24
Nyati x4

From: Beendare
02-Apr-24
Biden panders to LGBT its Democrat policy.

BREAKING: The Governor of WI (D) just VETOED a bill that would protect girls and ban males from female school sports teams. He claimed the bill is "anti-LGBTQ."

Democrat policy; they don't care if your young daughter has to shower with boys or gets beat up by a boy competing on a girl's sports team

From: 70lbDraw
03-Apr-24
“If this is somehow an analogy for the border bill, it's ridiculous.”

But you recognized it as such!?

Don’t divert from my point. Why should democrats get all their foreign aid wishes added to something that has been law in the US for decades? It’s a presidents duty to protect our borders. When did that change? Granted, it hasn’t been perfect… but it also has never been this blatantly mis-managed until China Joe showed up.

So please, justify your support to extort the established laws of the “United States”, (do you remember the United States?) in an effort to satisfy the needs of foreign nations. Then you have the balls to call bullshit on the folks that called your bluff?!

Some of us were born at night…but it wasn’t last night…in the name of democracy my ass!! Lol!

From: bigeasygator
03-Apr-24
Don’t divert from my point. Why should democrats get all their foreign aid wishes added to something that has been law in the US for decades?

Firstly, it's not just the Democrats foreign aid wishes, as highlighted by the votes in the Senate. In fact the only people really opposed to supporting our allies against clear enemies of the State are the MAGA crowd of the Republican party.

So please, justify your support to extort the established laws of the “United States”, (do you remember the United States?) in an effort to satisfy the needs of foreign nations.

What law is being "extorted?" As mentioned, if you think amendments to bills that have nothing to do with the rest of the bill are some new phenomena then you clearly don't pay attention. This is how the sausage has always been made.

There's a good chance a foreign aid package will pass here once the House recess is over. So looks like you're going to pay for four other roofs without even getting yours fixed. You think this is a better outcome??

From: Norseman
03-Apr-24
Same ol internet warriors trying to beat their chest.

Making up for being pick last on the playground

From: 70lbDraw
03-Apr-24
“Same ol internet warriors trying to beat their chest. Making up for being pick last on the playground”

But you insisted on stopping in and seeing who the last picks were anyways…and then you engaged in battle by actually posting on a thread you have no interest in. Or, are you just beating your own chest a little bit?

From: bigeasygator
03-Apr-24
Don’t you know all that matters in life was when you were picked for third grade dodge ball, 70?

From: Matt
03-Apr-24
"Don’t you know all that matters in life was when you were picked for third grade dodge ball, 70?"

If in fact some Bowsiter's glory days were in grade school, that would explain some things. ;-)

From: Grey Ghost
03-Apr-24
I was the dodge ball King in grade school.... a rocket arm with good hands. ;-)

From: bigeasygator
03-Apr-24
About summed up my athletic career too, GG. If I wasn’t short and slow as hell I could’ve been somebody. Didn’t matter as much playing ice hockey, which is probably why that and golf became my sports haha

From: Grey Ghost
03-Apr-24
BEG, I had the size and good hand/eye coordination, but only average speed and jumping ability. Pitching in baseball suited my skills the best, but I was always playing one sport or another from grade school thru high school.

From: Beendare
03-Apr-24
In Biden run America, a dirty judge forces a political prosecution against his enemy Trump…while the judges family makes $10 million for ‘consulting’ the Biden and Schiff campaigns.

Jesse Watters exposes the corruption

Disgusting….and the easily fooled continue to defend the Democrat politicians responsible for this corruption.

From: Grey Ghost
03-Apr-24
Bruce, you are tighter strung than my bow. Do you have anything positive to look forward to?

From: Matt
04-Apr-24
Judges don’t bring or force cases, they just preside over those brought before them.

From: Nyati
04-Apr-24
Is it just one big coincidence that multiple charges are brought against a republican presidential candidate by Democratic prosecutors in 4 different places all about the same time that hearings and court appearances would occur during campaign season . Charges that could have been made in past years all incidentally line up in a row starting in primary season and stretching thru general election campaign season . At least some of the prosecutors had trips to the White House . Hypothetically, it could look like coordination but I’m sure it was just coincidental. Former presidential prosecutors from GA probably stop by the White House for tea and crumpets all the time.

Cases that have never been brought before and cases that federal prosecutors turned down because they couldn’t make a case suddenly get resurrected by local prosecutors because they’re so much better than federal prosecutors. Judges get overruled time after time for overreach .

But, I digress, I’m sure it’s all innocent and coincidental and I’m just being a conspiracy theorist

From: Beendare
04-Apr-24
“Judges don’t bring or force cases, they just preside over those brought before them.“

MattB, I wonder who pushed it on him then? The judges family members raking in millions- but our DOJ is so politically corrupted by Dems, they will never even investigate.

Is your partisan politics so strong you don’t see this is a clear case of Conflict of Interest?

From: Matt
04-Apr-24
The comment was not political, it was to correct a factual inaccuracy. The case is being forwarded by a DA in New York and the plaintiff is "the people of the state of New York".

I find it funny that Cohen already pled guilty to the counts associated with the hush money, said he did so at the direction of a candidate for federal office (Trump), and Trump has essentially admitted to making the hush money payments to Daniels, but you think this is a "political prosecution". Just because some talking head says so, doesn't make it true. It is OK to read things that align with your world view but still dismiss them because they are false or spurious.

I am no lawyer, but based on a cursory review of Section 14 of New York's judiciary code, I do not see a clear conflict of interest such that Merchan should recuse himself.

From: KSflatlander
04-Apr-24
"I’m just being a conspiracy theorist"

Unfortunately that is a correct statement.

"Is your partisan politics so strong you don’t see this is a clear case of Conflict of Interest?"

LMAO. That's rich. Beendare, you are one of the politically most bias poster on this site. I agree with GG. You need to focus on something else or you will die early from stress and anxiety.

From: JQM
04-Apr-24
LMFAO From the Rainbow Guy who railed about J6 for years and knows all about it but was never there. "The Hearsay PHD"

From: KSflatlander
04-Apr-24
Coming from an Trumper who was at J6...priceless

How is your yard sign poll going LOL

04-Apr-24
Why is it anyone’s business except those involved, on anything Trump and Daniels did? It’s not mine. It’s not yours. It’s not anyone’s.

The mans character is considered to be of the upmost importance to a lot of people. The same people who has misled others about their finances. The same people here that’s cheated on their wives. The same people here that’s slept with married women. The same people here who’s …..

The president doesn’t have to be your friend. He doesn’t have to be likable. And, he’s committed no more moral infractions than many of the people dying on the “smear Trump” soap box.

But it’s Trump. Let’s rail him for paying off a lawsuit. Which is the way a good bit of lawsuits end that are akin to that case. It admits no guilt. It just goes away. But, I’m sure the bowsite lunch mob would have stood their ground. On all fronts. So everyone would know they weren’t as slimy as Trump.

These are the same people who see nothing wrong with killing an innocent child. Yet, are quick to to Tell us again about the evils that hush money paid off. It’s a clown show seeing how some people selectively reason things.

From: Matt
04-Apr-24
“Why is it anyone’s business except those involved, on anything Trump and Daniels did? It’s not mine. It’s not yours. It’s not anyone’s.

If the purpose of the payment was to influence the outcome of the presidential election as asserted, it is every American’s business.

From: RutnStrut
04-Apr-24
Trump would not have a single charge against him if he did not run again. All of this and the civil cases are 100% politically motivated. Those that can't/won't see that are blissfully ignorant.

04-Apr-24
Yep. For sure rut.

So, I’m guessing that payment holds fruit yet to be grown for some people. But, under that same premise, I’m guessing the money grab executed by Daniels and her lawyer, could be viewed as doing the exact same thing. Hey, let’s level the field and roll the ball is what I say.

From: Matt
04-Apr-24

Matt's Link
“Trump would not have a single charge against him if he did not run again.”

How do you reconcile that with, as an example, the hush money case’s roots going back to 2018 (when Trump was still in office)?

From: 70lbDraw
05-Apr-24
“If the purpose of the payment was to influence the outcome of the presidential election as asserted, it is every American’s business.”

Wouldn’t it be great if THAT concept went both ways?!!

Let’s not forget Daniels attorney. Creepy Porn Lawyer. He’s in jail jail for being a crook. It’s amazing how many crooked legal eagles the Democrats seem to support when it fits the witch hunt! So, yeah, this case was as bogus as the rest of them.

From: spike78
05-Apr-24
You libs do realize you used to have a President actively cheating on his hideous wife in the white house while working but yet somehow Trump and Daniels is a big deal? Amazing how that works.

From: JQM
05-Apr-24
Dem's and Bidenomics are having a really tough time trying just to get voters signed up and registered. They are freaking out that in swing states as it is more probable than not these Org's to get out the vote will being DJT a big favor thru their efforts. So, they are going to start shutting er down.

Joe's DOJ prosecutions, policies, directives, exec orders, agencies directives across the board really are the problem. Very disjointed, not unity command, not centralized and with direction. Easy to see its not organized from the top.

Policy on these Houthies in Yemen? Going to take them off the Bad guy list? For what reason? Get into questioning Israel's ground war command decisions of the greatest allie we have in middle east. You can't help but think that Jill Biden is running the free world now while Joe is getting his daily blood treatments and infusions of raw blood. JQM

From: DanaC
05-Apr-24
The charge is not 'paying hush money', it's covering it up and falsifying business records to do so.

From: Beendare
05-Apr-24
Thankfully, for the citizens of the United States, even hard-core Democrats are realizing how bad the policy is….. Dwayne Johnson just flipped and says he regrets promoting Biden in 2020. That’s a good sign for all of us.

From: Beendare
05-Apr-24
MattB, I respect your intellect and your opinion.

I do think you are ignoring some simple facts on some of these cases against Trump colleagues.

I wish I could find the article on General Flynn where he explains exactly what the feds did to him. They shut down all of his credit cards and his bank accounts. They put enormous pressure on him to the point where he could not even pay lawyers to defend himself. Can you imagine losing your home destroying your credit rating having every dollar locked up to where you can’t use it . When the federal government decides to prosecute you, it’s in incredible weight that even if you are innocent, they can break you.

Outgoing into all the idiosyncrasies of these cases, we cannot forget that when the federal government is corrupted like that, the pressure they can bring on individual citizens is enormous: it comes down to the question settle or lose everything you have worked for your entire life. what would you do?

05-Apr-24
General Flynn did not register as a Foreign Agent. Exactly what junior Biden did not do.

Only one was destroyed financially and imprisoned

From: 70lbDraw
05-Apr-24

70lbDraw's Link
“The charge is not 'paying hush money', it's covering it up and falsifying business records to do so.”

Looks like some other prominent money men will jump in and help trump get the job done. Tell us Dana, what will be the strategy to prevent people from helping trump? Maybe they’ll make a new law saying it’s illegal to assist anyone but Democrats during campaign season. Seems to work with everything else that scares them!?

From: bluedog
05-Apr-24
Any opinions on the present economy after the jobs report this morning?

From: bigeasygator
05-Apr-24
I’d say it’s a mixed bag, bluedog. Seems to suggest that the labor market is still showing incredible strength which is great news for the economy…which also means bad news for anyone banking on rate cuts.

From: bigeasygator
05-Apr-24

From: RutnStrut
05-Apr-24
"How do you reconcile that with, as an example, the hush money case’s roots going back to 2018 (when Trump was still in office)?"

Nothing would be pushed as far as it has had he not ran again. The democrats are only concerned with the letter of the law when it comes to Donald Trump.

From: Nyati
05-Apr-24
I do think the illegal aliens are helping prop up the employment numbers. But they send a lot of their money back to their country of origin which prevents the multiplier effect of that money if it would stay in the US economy. Prevents spin-off businesses and further employment in US

Money made locally tends to be spent and circulated locally. Money made locally and sent to another country doesn’t help local economy

From: JQM
06-Apr-24
Yes, good and bad in those numbers. Means if a young family is looking for a home they cant afford the loan. On the good side the four jobs they have to pay the rent, gas, food, heat & air. electric are wonderful. JQM

From: Beendare
06-Apr-24
Jobs up!!! I typically read past the headline and look at the analysis, as that gives a better indication of what is actually going on.

The analysis I’m seeing on the latest jobs rise is due to illegals and people having two jobs. US Citizens full time jobs is a negative number.

From: spike78
06-Apr-24
I should have taken a picture of the sign in my small town grocery store saying we are raising prices but I guess instead I will believe the inflation numbers the Fed spews.

From: bigeasygator
06-Apr-24
The analysis I’m seeing on the latest jobs rise is due to illegals and people having two jobs

Whose analysis?

From: JQM
07-Apr-24
Pretty much every good economic or business cast with stats show this. Just the true inflation rates if you look at what is left out vs what was included Pre Slick Wille. We are talking 12-15% by that standard. Plenty economist/investment folks all see thru this Obiden-Destructo-nomics as just rearranging or who controls these new emerging sectors of Non-Dependable energy and the GVT add on agencies that will over see them. like Laffer, Kiyosoki, Summers, Payne, Niles, Tapper, lots and lots of others. All agree on most issues from our monetary policy and the two idiots running it and how to fix it and how we got here. JQM

Oil prices are a big problem for the FED and rate cuts and it not going down any time in short term. If Saudi cuts production again from July-Oct poor Joe"s O'bidenomics is going to be what he chokes to death on. JQM

From: Beendare
08-Apr-24
I posted a link earlier in this thread to the St Louis Fed who breaks down these gov employment numbers.

Its surprising to me that most media outlets - and many people- parrot the headline number without looking at the breakdown.

I explained this to GG earlier in the thread. The vast majority of the JOBS gain to be in 2 segments; Illegals and part time jobs- neither of which bodes well for the US going forward as most part time jobs are low paying menial service jobs.

From: KSflatlander
08-Apr-24
I love it when economic numbers come from the same source and Trumpers exclaim that the numbers aren't real when someone else is president but the same numbers from the same source for Trump are spot on. Happens every election cycle. It's Hannity's go to tactic. A few here are good at it too.

From: bigeasygator
08-Apr-24
I explained this to GG earlier in the thread. The vast majority of the JOBS gain to be in 2 segments; Illegals and part time jobs

Post it again. Show me data from the St Louis Fed that says the latest job growth came from mostly illegals.

From: JQM
08-Apr-24
Show me its not just this. No one said the numbers are not real. How you look and interpret them is another thing completely. JQM

From: Matt
08-Apr-24
“Post it again. Show me data from the St Louis Fed that says the latest job growth came from mostly illegals.”

They don’t show that, and that was previously explained in this thread (or another on this site). I believe the term associated with the jobs gains is “non-US born” workers. Some try to suggest that means “illegal alien” whereas approximately 50% of people included in that category are U.S. citizens.

From: bigeasygator
08-Apr-24
Exactly, Matt. Just trying to show that Beendare was making things up again.

From: RutnStrut
08-Apr-24
"I love it when economic numbers come from the same source and Trumpers exclaim that the numbers aren't real when someone else is president but the same numbers from the same source for Trump are spot on. Happens every election cycle. It's Hannity's go to tactic. A few here are good at it too."

The dems did it when Trump was president. But I suppose somehow for you it was valid then.

From: shade mt
09-Apr-24
they say a picture is worth a thousand words..............

Wife and i just saw a pic with a gas station in the background taken in 2020 was a sheets store....price for regular gas, 2.29

over the weekend that same sign read....3.79

From: bigeasygator
09-Apr-24
I love it when people point to gas prices during the height of a recession brought on by a global pandemic as if those were the “good ol’ days.” Why don’t you go ahead and post, say, the stock market prices and unemployment numbers from those two time frames as well, shade?

From: Grey Ghost
09-Apr-24
"I explained this to GG earlier in the thread. The vast majority of the JOBS gain to be in 2 segments; Illegals and part time jobs- neither of which bodes well for the US going forward as most part time jobs are low paying menial service jobs."

And I proved you were spewing nonsense by actually posting the segments where all the job growth was. Since you clearly have a bad memory, here it is again.

Health Care - 67,000 jobs

Government - 52,000 jobs

Food and Drink Places - 42,000 jobs

Social Assistance - 24,000 jobs

Construction - 23,000 jobs

Transportation and Warehousing - 20,000 jobs

Retail Trade - 19,000 Jobs.

Do all those jobs look like low paying menial jobs? The truth is, more US workers are preferring and seeking part time jobs since covid. Employers are happy to oblige because they don't have to provide benefits to part time workers. And once again, this has nothing to do with administrative policies.

From: DanaC
09-Apr-24
Not sure how 'government' jobs breaks down and why 'social assistance' isn't included in that number.

From: Grey Ghost
09-Apr-24

Grey Ghost's Link
Dana, here's the complete break down.

From: 70lbDraw
09-Apr-24

70lbDraw's Link
“I love it when people point to gas prices during the height of a recession brought on by a global pandemic as if those were the “good ol’ days.” “

Funny how you refer to the pandemic as being a complete and unexpected suprise.

From: bigeasygator
09-Apr-24
Never said such a thing. I said it’s ridiculous to brag about prices in a recession.

From: Beendare
09-Apr-24

Beendare's embedded Photo
Beendare's embedded Photo
Maybe a couple charts will help you Bidenomics defenders out, this from the Feb report.

From: bigeasygator
09-Apr-24
I’m not arguing about the part time vs. full time data. I asked to see data that said the majority of job growth came from illegals.

From: Beendare
09-Apr-24

Beendare's embedded Photo
Beendare's embedded Photo
Read the politicized headline and its now wonder folks are fooled, another Febuary BLS jobs chart.

From: bigeasygator
09-Apr-24
None of that data is from the latest job numbers and as Matt highlighted foreign born is not the same as illegal. So again you’re either just really bad at reading things or you just lie. Which is it, Beendare?

From: bigeasygator
09-Apr-24

bigeasygator's embedded Photo
bigeasygator's embedded Photo
It’s also really easy to pick an arbitrary time frame to try and make a point. Why go back to 2018? Sure doesn’t feel like that has anything to do with the “latest” numbers. Things look a little different when you look just at the last few years.

From: Beendare
09-Apr-24
It shocks me that many of you continue to defend what is going to go down in history as the worst president we have ever had by a wide margin. Lets not forget who is defending this clown show.

I say “Illegals” Biden says “Undocumented future Democrat voters” or whatever their current mischaracterization is.

The BLS states “foreign born”…I said Illegal's- can someone show me where they break down the makeup of this exactly?

Of course they don’t break this down- Dem politicos don’t want us to know, they don’t even know how many illegal aliens are in this country- NOBODY DOES due to the current Biden admin.

From: bigeasygator
09-Apr-24
It shocks me that many of you continue to defend what is going to go down in history as the worst president we have ever had by a wide margin

Never once defended Biden. Making the point that he doesn’t own the economy and calling out the ridiculousness of people who try to suggest he does. Like the ridiculousness of posting jobs data that includes the final two years of Trump’s presidency as proof Bidenomics - whatever that is - isn’t working. You do realize that since June 2018, Native born employment dropped by about 6 million people while Trump was president and increased by 7 million since Biden has been in office, right Beendare?

And if you want to find a breakdown of immigrant the immigrant workforce, there are plenty out there. Legal immigrant workers are by far the majority.

From: Beendare
09-Apr-24

Beendare's Link
That FRED site is interesting if you get into the breakdowns

The part time jobs report is there somewhere … I’m not going to spend any time looking for it as I have seen it…but its there.

This Link is to Unemployed by each segment of industry…it compares the March24 to the last report and Mar23.

There is a slight uptick in Unemployment across the board….not earth shattering But it contradicts anyone claiming Bidenomics is great.

From: bigeasygator
09-Apr-24
No it doesn’t. If anything, it says that Fed policy is doing exactly what they hoped it would do.

From: JQM
09-Apr-24
Listen to any of the top Economists most are saying same things. The markets are in summery Sugar coated. How? With huge GVT Budgets. Look at some big powerhouse economy's Germany. . . . Full in Recession. . . . Cant keep up the rate of high spending in their budgets so its its time for what? Cutting Socialist Benefits, raising retirment ages cutting programs and assistance. Same is coming here. The difference is are GDP is huge so we can keep borrowing against this. Make no mistake we have a huse correction to markets coming. We will have no choice but raise SS age benefits and cut some as well. One look at the sectors hiring right, not a surprise GVT leads that list. We have big inflation and what always follows? some deflation. Gvt liquidity into the system is the what the three terms of Joebama has used with a huge slice of Covid $hit Sslide in between. The candy man cant keep it up on the backs of your grandkids and they know it. Ask any 25-30yr old if they think they going to get SS and 40 year credits of work. I get the same answer. . . LOL NO! JQM

From: 70lbDraw
09-Apr-24

70lbDraw's Link
“Gvt liquidity into the system is the what the three terms of Joebama has used with a huge slice of Covid $hit Sslide in between.”

Oh look, another article calling out the shenanigans of the main stream media. Yet there are still a few guys here that defend the China joe administration as though he really is doing something good, not to mention they think he’s totally legit!!

From: Matt
09-Apr-24

Matt's Link
“The BLS states “foreign born”…I said Illegal's- can someone show me where they break down the makeup of this exactly?“

This was already explained on 3/8, but here it is again with a link. In 2021 it was estimated that only 22% of foreign-born U.S. workers were illegal. ~50% were naturalized U.S. citizens.

From: JQM
09-Apr-24
Yep and naturalized after 2008 . . . . .Hmmmmn JQM

  • Sitka Gear