And that’s why I am going to drive my car until the engine stops running. And after that, I will sell it to the junkyard for parts. My car is a 2013, and DH has a 2007. |
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Not by much. |
I’m in CPG. Our prices to retail are all at their highest point ever. We NEVER drop our prices. They go up annually. Why would new cars be any different? |
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The economy was doing fine under Obama and then Trump exploded the national debt and left office in a covid recession
Biden restored a solid and growing economy that was the envy of the world. even prices were coming back to pre-covid levels and then Trump tariffs, Trump immigration and trump stupidity are just blowing up our economy. Sure, the stock market is doing well, but that is what happens in a oligarchy where billionaires and their corrupt republican enablers laugh all the way to the bank. For the rest of us, we are basically chattel for the elites, replaceable chuds with no healthcare, no education and no prospects. How is that a winning future for our children? |
Is your net worth up? |
Yes, it is actually. But that doesn't mean I think the long term prospects for the country or my kids are on the right path. and frankly, given the market manipulations and prospects of a failing Dollar and Economy, what my net worth is today or next week is irrelevant. It was up significantly under Biden and Obama too, but without the lost of sleep and anxiety. |
+1 Look at the stats at how much the stock market gains are predominantly driven by a few AI stocks. I love seeing my 401 growth, but I am wary. Let's all hope that bubble doesn't burst but it seems it will inevitably. Meanwhile, I have a lot of reservations of where AI is leading us with electricity and water resources and cost. |
| September had a $198 billion federal SURPLUS. Largest surplus ever! Trump is getting rid of waste and fraud and all the taxpayers should be happy for his efforts |
Monthly surpluses are meaningless. That’s collection of everyone’s taxes who filed an extension. |
Should? Well they’re not. How will you cope now? Trump is at -13 polling on the Economy |
DP: The measure of the health of the economy is not the rise and fall of the 1%'s net worth. The measure of the economy is this: Can all people afford the bare minimum of life: food, shelter, clean water, and healthcare? How are adults with minimum wage jobs doing? How is our severely disabled population faring? Are small businesses thriving and employing people in their communities or are they a bad quarter away from bankruptcy? And if you are Christian, meditate on Matthew 25:40. What you do to the lease of my brothers, that you do to me. |
Probably not. With the plummeting dollar and inflation, it’s probably a wash. |