Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

Similar to what I see, literally no one is unemployed. Most seem to be spending more as well, upgrading houses or cars, although they do complain about gas prices. The news says bad, and maybe it will happen, but right now today things look pretty good on an individual levels. Personally I got a big promotion and my wife got a nice pay bump, friends seem to be doing well.

Our observation as well. We also know all sorts of folks (servers, gym trainers, teachers, tech folks, phds). It runs the economic spectrum and no one is out of work. Even my HS-aged niece and nephew have jobs. The economy has been bumpy due to pandemic, huge HUGE supply chain problems, the boomers retiring, and a war.

[Anonymous]

Guy in front of me in the gas station had a 110 bill after filling his SUV.

I look forward to everyone getting smaller cars again like they did in 2008. (Or buying a 50k electric car, since the people that have long their tanks can absolutely afford a new electric car.)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

Similar to what I see, literally no one is unemployed. Most seem to be spending more as well, upgrading houses or cars, although they do complain about gas prices. The news says bad, and maybe it will happen, but right now today things look pretty good on an individual levels. Personally I got a big promotion and my wife got a nice pay bump, friends seem to be doing well.

Our observation as well. We also know all sorts of folks (servers, gym trainers, teachers, tech folks, phds). It runs the economic spectrum and no one is out of work. Even my HS-aged niece and nephew have jobs. The economy has been bumpy due to pandemic, huge HUGE supply chain problems, the boomers retiring, and a war.

Inflation + gas prices will destroy our economy.

Biden has no answers.

But he’s happy to spend spend spend:

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

Similar to what I see, literally no one is unemployed. Most seem to be spending more as well, upgrading houses or cars, although they do complain about gas prices. The news says bad, and maybe it will happen, but right now today things look pretty good on an individual levels. Personally I got a big promotion and my wife got a nice pay bump, friends seem to be doing well.

Our observation as well. We also know all sorts of folks (servers, gym trainers, teachers, tech folks, phds). It runs the economic spectrum and no one is out of work. Even my HS-aged niece and nephew have jobs. The economy has been bumpy due to pandemic, huge HUGE supply chain problems, the boomers retiring, and a war.

Inflation + gas prices will destroy our economy.

Biden has no answers.

But he’s happy to spend spend spend:

5 more months til November

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

Similar to what I see, literally no one is unemployed. Most seem to be spending more as well, upgrading houses or cars, although they do complain about gas prices. The news says bad, and maybe it will happen, but right now today things look pretty good on an individual levels. Personally I got a big promotion and my wife got a nice pay bump, friends seem to be doing well.

Our observation as well. We also know all sorts of folks (servers, gym trainers, teachers, tech folks, phds). It runs the economic spectrum and no one is out of work. Even my HS-aged niece and nephew have jobs. The economy has been bumpy due to pandemic, huge HUGE supply chain problems, the boomers retiring, and a war.

Inflation + gas prices will destroy our economy.

Biden has no answers.

But he’s happy to spend spend spend:

5 more months til November

What’s the Republican solution for inflation?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

Similar to what I see, literally no one is unemployed. Most seem to be spending more as well, upgrading houses or cars, although they do complain about gas prices. The news says bad, and maybe it will happen, but right now today things look pretty good on an individual levels. Personally I got a big promotion and my wife got a nice pay bump, friends seem to be doing well.

Our observation as well. We also know all sorts of folks (servers, gym trainers, teachers, tech folks, phds). It runs the economic spectrum and no one is out of work. Even my HS-aged niece and nephew have jobs. The economy has been bumpy due to pandemic, huge HUGE supply chain problems, the boomers retiring, and a war.

Inflation + gas prices will destroy our economy.

Biden has no answers.

But he’s happy to spend spend spend:

5 more months til November

What’s the Republican solution for inflation?

Not introducing a bill knowing the policies raised inflation by 3% in less than 9 months?

[Anonymous]

[Anonymous]

Even WaPo (the biggest cheerleader of this administration) is faulting the Biden for their lack of conviction on the "transitory" policies.

https://www.washingtonpost.com/us-policy/2022/05/31/inflation-economy-timeline/

[Anonymous]

Looks more and more like Trump is running in 2024. Thank God. Make America Great Again!

[Anonymous]

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

I disagree. Yes, I agree that I don't know anyone who is unemployed. And everywhere I go, the service industry is desperate for employees. But my DH and I are nearing retirement. He is pretty much topped out at his career and is only getting cost of living increases. Only his COL increases are now BELOW inflation. So we are losing money. We have stopped going out to eat weekly like we used to. DH has an automobile that gets excellent mpg but he drives 30 miles each way to work. He used to spend $25 a week to gas up his car - its now over $50 a week. That's double what he was paying a year ago. Our grocery bill has skyrocketed. We're concerned about our 401K/IRA accounts.

Now our just graduated college DS is starting his first job making an insane amount of money - he got four fantastic job offers. So there are segments of the population that are doing great but there are also segments that are impacted by this inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

I disagree. Yes, I agree that I don't know anyone who is unemployed. And everywhere I go, the service industry is desperate for employees. But my DH and I are nearing retirement. He is pretty much topped out at his career and is only getting cost of living increases. Only his COL increases are now BELOW inflation. So we are losing money. We have stopped going out to eat weekly like we used to. DH has an automobile that gets excellent mpg but he drives 30 miles each way to work. He used to spend $25 a week to gas up his car - its now over $50 a week. That's double what he was paying a year ago. Our grocery bill has skyrocketed. We're concerned about our 401K/IRA accounts.

Now our just graduated college DS is starting his first job making an insane amount of money - he got four fantastic job offers. So there are segments of the population that are doing great but there are also segments that are impacted by this inflation.

I hear you OP. But remember in retirement you will have less expenses and I’d wager inflation declines in a year. It’s already receding. I would like Congress to stop the price gouging but that would require Republicans to vote yes. Seems their play is to block everything that would lower costs and blame Democrats.

[Anonymous]

Anonymous wrote:

According to Republicans it's Biden's fault

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

Similar to what I see, literally no one is unemployed. Most seem to be spending more as well, upgrading houses or cars, although they do complain about gas prices. The news says bad, and maybe it will happen, but right now today things look pretty good on an individual levels. Personally I got a big promotion and my wife got a nice pay bump, friends seem to be doing well.

Our observation as well. We also know all sorts of folks (servers, gym trainers, teachers, tech folks, phds). It runs the economic spectrum and no one is out of work. Even my HS-aged niece and nephew have jobs. The economy has been bumpy due to pandemic, huge HUGE supply chain problems, the boomers retiring, and a war.

Inflation + gas prices will destroy our economy.

Biden has no answers.

But he’s happy to spend spend spend:

5 more months til November

What’s the Republican solution for inflation?

So they invented a time machine? What’s their solution if they win in November?

[Anonymous]

Considering EU inflation just came in at 8.1%, let’s use our brains and think if there actually any logic to blaming the US?

The EU has a huge economy and their own monetary policy, Germany has higher inflation then we do. There is no way the US has had any significant impact there. There are war and supply chain issues, although supply chain looks like it’s getting better. Energy prices are clearly effected by the war and the discipline of US oil producers who are only increasing production at a steady pace instead of going all in.

Anyway high energy prices are a near net 0 for the US economy. We roughly produce what we consume all in. You may not like the shift, but there are many Americans making money on the run up (investors and workers in production companies).

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m a firm believer that the economy is still strong for the average person. My friend/family group seems to be doing really well. Nobody is unemployed, which is almost never the case, and around half of us have upgraded their jobs. It’s a group of about 75 ranging from mostly working class to UMC. I just got a new job with a 30% increase, which is crazy, but even crazier I know a bunch of people that have done the same which never used to happen!

There is $$ out there, go get a piece!

I disagree. Yes, I agree that I don't know anyone who is unemployed. And everywhere I go, the service industry is desperate for employees. But my DH and I are nearing retirement. He is pretty much topped out at his career and is only getting cost of living increases. Only his COL increases are now BELOW inflation. So we are losing money. We have stopped going out to eat weekly like we used to. DH has an automobile that gets excellent mpg but he drives 30 miles each way to work. He used to spend $25 a week to gas up his car - its now over $50 a week. That's double what he was paying a year ago. Our grocery bill has skyrocketed. We're concerned about our 401K/IRA accounts.

Now our just graduated college DS is starting his first job making an insane amount of money - he got four fantastic job offers. So there are segments of the population that are doing great but there are also segments that are impacted by this inflation.

There are always winners and losers when economies change, especially during more rapid change such as now. Doesn’t make it any easier for the losers but this has been happening forever (think coal miners, factory workers, any field that gets automated). You can always hedge on an individual level, if you use tons of oil invest in oil stocks as a counter. Gas prices go up so does your oil stock, prices go down so does your oil stock and you end somewhere near even.