Does anyone else feel like we are the precipice of economic calamity?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

There is a direct relationship between people’s views on the economy and their *economic status.*

The fact that you see this as *political bias* explains a lot about the divisions in this country.

DP here and maybe so. I've voted Dem for the last 20 years, but did not and do not agree with all of the pandemic stimulus, years of quantitative easing, CTC, loan forgiveness, etc. All this free money flooding the market as created the crippling inflation we now face.

And no we didn't qualify for a penny of any of it, our salaries have not remotely kept up with inflation, and now we are left paying for all this way more expensive stuff (or doing without) because of all the poor financial decisions.

Waaah. Poor people got stuff and we didn’t.

Different poster, but Rs aren’t any more fiscally responsible than Ds these days, they just want to spend money on different things. Plus they lie about election results and hate gay and trans people, among other things. In the olden days I would have been a Rockefeller Republican. Today, no thanks.
Its not the poor people that bother me. They aren't the ones driving up the cost goods. Its the people making $150k that got all the free money. They are the ones driving up the cost of goods.

Be honest then and vote GOP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

There is a direct relationship between people’s views on the economy and their *economic status.*

The fact that you see this as *political bias* explains a lot about the divisions in this country.

DP here and maybe so. I've voted Dem for the last 20 years, but did not and do not agree with all of the pandemic stimulus, years of quantitative easing, CTC, loan forgiveness, etc. All this free money flooding the market as created the crippling inflation we now face.

And no we didn't qualify for a penny of any of it, our salaries have not remotely kept up with inflation, and now we are left paying for all this way more expensive stuff (or doing without) because of all the poor financial decisions.

Waaah. Poor people got stuff and we didn’t.

Its not the poor people that bother me. They aren't the ones driving up the cost goods. Its the people making $150k that got all the free money. They are the ones driving up the cost of goods.

How can you be upset with people making $150K? Maybe be upset with the politicians that set the rules, but you can't expect someone making $150K to say, no thank you government, I don't want this money. How often have you done that?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

There is a direct relationship between people’s views on the economy and their *economic status.*

The fact that you see this as *political bias* explains a lot about the divisions in this country.

DP here and maybe so. I've voted Dem for the last 20 years, but did not and do not agree with all of the pandemic stimulus, years of quantitative easing, CTC, loan forgiveness, etc. All this free money flooding the market as created the crippling inflation we now face.

And no we didn't qualify for a penny of any of it, our salaries have not remotely kept up with inflation, and now we are left paying for all this way more expensive stuff (or doing without) because of all the poor financial decisions.

By this logic, if your salary hasn't kept up with inflation, you are paying less in taxes. Unless something happened recently to raise your taxes....like a salt cap? Or the increased taxes from the Trump tax cuts for the rich?

[Anonymous]

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

Republican: tHe SKy Is FaLLiNg!!!!!!!
Democrats: you nuts

[Anonymous]

No, but I have a timeshare I can sell you

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

There is a direct relationship between people’s views on the economy and their *economic status.*

The fact that you see this as *political bias* explains a lot about the divisions in this country.

DP here and maybe so. I've voted Dem for the last 20 years, but did not and do not agree with all of the pandemic stimulus, years of quantitative easing, CTC, loan forgiveness, etc. All this free money flooding the market as created the crippling inflation we now face.

And no we didn't qualify for a penny of any of it, our salaries have not remotely kept up with inflation, and now we are left paying for all this way more expensive stuff (or doing without) because of all the poor financial decisions.

+1

[Anonymous]

Anonymous wrote:I was messing around on a car site yesterday and was shocked that dealers are now asking for 8% interest rates on auto loans through dealerships. It is only a matter of time until they reach double digit interest rates for cars now exceeding $40-50k for your typical 'middle class' set of wheels. Patently absurd. As we all know, homes have skyrocketed in value over the last few years, and now no one can afford them with interest rates over 5%. The housing market is starting to get sick, and it looks like the Fed is only going to be bringing more pain for the foreseeable future. Watch as interest rates on homes start getting up to 7-8%. Prices are going to CRASH. We've already had 2 quarters of declining GDP, and corporate earnings last quarter have been relatively mixed, with many companies already sounding the alarm about a recession (see Target, for example). How many idiots out there have also been using their homes as credit cards while the everything was juiced? Watch as a ton of morons get absolutely torched as home prices start to fall and interest rates keep rising. They'll be shocked about how high their monthly payments are going to be as the interest rates on their lines of credit they opened up using their homes as collateral keep going up due to variable interest rates. Worse yet, home prices may tank and they'll now be upside down in terms of equity because now they've got negative worth after their home value has fallen and they've taken out credit using their home.

China? Already slowing down. Massive heat wave drying up crops that will cause a food shortage. Europe? Completely screwed. They're already expecting 18% inflation in the UK and double digit inflation in Germany. For the first time in 30 years, Germany now has a friggin' trade deficit because the euro is tanking and energy prices are skyrocketing. Europe is so screwed for energy this winter. Speaking of energy, has anyone checked the price of natural gas these days? It has mooned. Wait until people get a gigantic stick shock over their heating bills this winter that will continue to crimp their disposable income to buy goods and services. Oil is also going to back up once they close the strategic petroleum reserves in October, so gas prices for cars will go straight back up. Fossil fuels are used in so many things in agriculture that food prices will continue to skyrocket, setting off all sorts of instability in the world.

Oh yeah, take a look at the dollar as well. It is absolutely destroying all other currencies in the world at the moment. How long until we get a currency crisis on top of all of this mess too? Go look up the Asian financial crisis in the 90s, the Mexican peso crisis, the Russian ruble crisis, long-term capital management, etc. to see what happens when currency problems spiral out of control. World economies tank, an the US markets are not insulated from it. Microsoft and many other firms have already stated that currency issues are going to eat big time into corporate profits going forward. Many emerging countries may completely collapse as well as the USD keeps gaining strength. Worse yet, there are now people who doubt the Bank of Japan will be able to control the falling yen that has cratered this year. If a major economy like Japan has a currency crisis, it will kick off tons of instability in the world.

I feel like we are on the verge of a very nasty economic maelstrom. Anyone else? A gigantic recession is likely needed to hit the reset button and to tame inflation. The global economy is getting hit from all sides from energy crises, to food crises, to currency problems, to now slowing economies in China and Europe, not to mention big wars going on in the world. The next 1-2 years are going to be dicey.

You don't understand economics and you are a right wing nut job trying to work this next election. Won't work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Things will be difficult for the US but Europe is in far worse shape and nobody is really talking about it. Electricity prices have gone parabolic there- just in time for winter. I understand individual households get some sort of credit towards the bill but many will not be able to afford to heat their homes. Some will die. Businesses do not get any energy credit and many, especially small businesses, will be forced to close due to not being able to pay the bills. Business closures/job losses combined with record energy prices into winter does not sound like a good combination.

Some/ many.

Thank you Mr. Biden for running the most incompetent administration in recent US history.

I guess we have to be thankful we're not Afghanistan.

No, honey, we voted that titleholder out two years ago.

Oh, and that’s President Biden to you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

There is a direct relationship between people’s views on the economy and their *economic status.*

The fact that you see this as *political bias* explains a lot about the divisions in this country.

DP here and maybe so. I've voted Dem for the last 20 years, but did not and do not agree with all of the pandemic stimulus, years of quantitative easing, CTC, loan forgiveness, etc. All this free money flooding the market as created the crippling inflation we now face.

And no we didn't qualify for a penny of any of it, our salaries have not remotely kept up with inflation, and now we are left paying for all this way more expensive stuff (or doing without) because of all the poor financial decisions.

+1

Remind the class who was president and which party they belonged to when people received the bulk of the pandemic stimulus checks. Thanks in advance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

There is a direct relationship between people’s views on the economy and their *economic status.*

The fact that you see this as *political bias* explains a lot about the divisions in this country.

DP here and maybe so. I've voted Dem for the last 20 years, but did not and do not agree with all of the pandemic stimulus, years of quantitative easing, CTC, loan forgiveness, etc. All this free money flooding the market as created the crippling inflation we now face.

And no we didn't qualify for a penny of any of it, our salaries have not remotely kept up with inflation, and now we are left paying for all this way more expensive stuff (or doing without) because of all the poor financial decisions.

+1

Remind the class who was president and which party they belonged to when people received the bulk of the pandemic stimulus checks. Thanks in advance.

And remind the class that he-who-shall-not-be-named insisted that HIS signature appear on the checks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

Republican: tHe SKy Is FaLLiNg!!!!!!!
Democrats: you nuts

meh I am a Democratic. Maybe it's more--poor/middle class-scared and UMC/rich-whatever

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a direct relationship between people's views on the economy and their political bias.

There is a direct relationship between people’s views on the economy and their *economic status.*

The fact that you see this as *political bias* explains a lot about the divisions in this country.

DP here and maybe so. I've voted Dem for the last 20 years, but did not and do not agree with all of the pandemic stimulus, years of quantitative easing, CTC, loan forgiveness, etc. All this free money flooding the market as created the crippling inflation we now face.

And no we didn't qualify for a penny of any of it, our salaries have not remotely kept up with inflation, and now we are left paying for all this way more expensive stuff (or doing without) because of all the poor financial decisions.

+1

Remind the class who was president and which party they belonged to when people received the bulk of the pandemic stimulus checks. Thanks in advance.

And remind the class that he-who-shall-not-be-named insisted that HIS signature appear on the checks.

Right. All of that happened pre-Jan 2021 and somehow the Dems are to blame?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Things will be difficult for the US but Europe is in far worse shape and nobody is really talking about it. Electricity prices have gone parabolic there- just in time for winter. I understand individual households get some sort of credit towards the bill but many will not be able to afford to heat their homes. Some will die. Businesses do not get any energy credit and many, especially small businesses, will be forced to close due to not being able to pay the bills. Business closures/job losses combined with record energy prices into winter does not sound like a good combination.

Some/ many.

Thank you Mr. Biden for running the most incompetent administration in recent US history.

I guess we have to be thankful we're not Afghanistan.

No, honey, we voted that titleholder out two years ago.

Oh, and that’s President Biden to you.

+1,000 Even most Republicans I know agree Trump was an embarrassment. They might not like Dem policies but they sure find Trump appalling.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Things will be difficult for the US but Europe is in far worse shape and nobody is really talking about it. Electricity prices have gone parabolic there- just in time for winter. I understand individual households get some sort of credit towards the bill but many will not be able to afford to heat their homes. Some will die. Businesses do not get any energy credit and many, especially small businesses, will be forced to close due to not being able to pay the bills. Business closures/job losses combined with record energy prices into winter does not sound like a good combination.

Some/ many.

Thank you Mr. Biden for running the most incompetent administration in recent US history.

I guess we have to be thankful we're not Afghanistan.

No, honey, we voted that titleholder out two years ago.

Oh, and that’s President Biden to you.

Actually he's nothing but cuckoo Biden to me, honey.

Yes, you voted him in, same as you voted W twice.

Neocons have taken over your country.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Things will be difficult for the US but Europe is in far worse shape and nobody is really talking about it. Electricity prices have gone parabolic there- just in time for winter. I understand individual households get some sort of credit towards the bill but many will not be able to afford to heat their homes. Some will die. Businesses do not get any energy credit and many, especially small businesses, will be forced to close due to not being able to pay the bills. Business closures/job losses combined with record energy prices into winter does not sound like a good combination.

Some/ many.

Thank you Mr. Biden for running the most incompetent administration in recent US history.

I guess we have to be thankful we're not Afghanistan.

No, honey, we voted that titleholder out two years ago.

Oh, and that’s President Biden to you.

Actually he's nothing but cuckoo Biden to me, honey.

Yes, you voted him in, same as you voted W twice.

Neocons have taken over your country.

+1. The sad part about liberals thinking they did such a good progressive thing with Biden and Kamala winning is the fact that they got duped by another MIC crony that is only serving to make all of our lives worse.