Biden’s economy

[Anonymous]

[Anonymous]

Anonymous wrote:

The Democrats are nuts. Christmas is the largest retail sales market of the entire year EVERY YEAR. The fact that retail sales declined in December is not 'okay', its not a good sign, and cherry-coating is not helping either.

'Inflation is transitory'

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Simple PP, first I wouldn't of shut down the economy so long. Focusing on the aged and those with co-morbilities worked in several states, however the one sized fits all didn't work. Adding fiscal stimulus in the ARA (March 21) was wrong or should I say over stimulus. Second the Federal Reserve was too slow to announce rate increases and pushed a transitory tone way too long. We will be dealing with inflation for years to come and point you to the 1979/80 inflation fiasco. It took the Fed and Milton Friedman until 1986 to tame imflation.

For so long? We never really shut down the way it needed to, and once there were a few days of it, Trump started agitating to get it all re-opened, before there was any contact tracing or other protcols put in place. If his administration was never going to take the defensive measures necessary, then they never should have done the partial shut down. Instead, he inflicted the worst of both worlds on the country.

It doesn't even matter what politicians did. People vote with their feet and their wallets. So many Americans were afraid of the virus and pulled their kids from schools, started working from home, etc. The marketplace was speaking.

Until the virus is under reasonable control and my toddler is vaccinated, I'm not really interested in eating in restaurants or going to indoor concerts. You can proclaim all you want - "the economy is open!" - and I won't open my wallet until I feel safe. Neither will my mother with some serious health issues - they are avoiding a lot of stuff until the virus is endemic.

That said, I am traveling on airplanes this year. We flew for the holidays. I'm traveling next month. I'm also wearing an N95 on the plane. So I'm not a complete shut-in.

But this idea that any politician can "shut down" or "open up" the economy is laughable and naïve. We are all making our own individual decisions based on the factors in household, plus the latest statistics on spread in our areas. We won't be back to feeling like it's pre-COVID for a while with 35% of this country is unvaccinated plus a huge contingent of the world unvaccinated.

We need a new Marshall Plan for vaccination to get back to normal.

The vaccine is free and easy and accessible to anyone who wants it. We don't need a new plan. We need the anti-vaxxers to step up, or have insurance companies deny coverage for COVID related treatment to those who eschew the vaccine.

We kind of need a new plan - I agree. And honestly I was expecting Biden to get out there and sell it. He didn't.

If this had been Obama/Clinton/Trump (yes, the Orange Menace) I don't think it would be hard to imagine a president who announced a 50-state tour. He would have appeared in EVERY state with mass vaccination clinic on each stop. Biden ranted from a TV screen in 9 appearances throughout the year and said F It on Christmas.

That's not leadership. That's not appealing to the masses.

There is nothing more important than getting our country vaccinated. NOTHING. It is affecting our manufacturing power, supply chain, and readiness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

The Democrats are nuts. Christmas is the largest retail sales market of the entire year EVERY YEAR. The fact that retail sales declined in December is not 'okay', its not a good sign, and cherry-coating is not helping either.

'Inflation is transitory'

The November sales were way, way up though. The scaremongering about the supply chain had people buying earlier than usual.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

The Democrats are nuts. Christmas is the largest retail sales market of the entire year EVERY YEAR. The fact that retail sales declined in December is not 'okay', its not a good sign, and cherry-coating is not helping either.

'Inflation is transitory'

Furman is a sharp economist - he is someone I follow. He was softly critical of the size of Biden's COVID Relief package and expressed inflation concerns early in 2021.

Some things have to change to stabilize prices. Some reduction in the pace demand is probably part of that. If Furman is saying it - it is worth a listen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Simple PP, first I wouldn't of shut down the economy so long. Focusing on the aged and those with co-morbilities worked in several states, however the one sized fits all didn't work. Adding fiscal stimulus in the ARA (March 21) was wrong or should I say over stimulus. Second the Federal Reserve was too slow to announce rate increases and pushed a transitory tone way too long. We will be dealing with inflation for years to come and point you to the 1979/80 inflation fiasco. It took the Fed and Milton Friedman until 1986 to tame imflation.

For so long? We never really shut down the way it needed to, and once there were a few days of it, Trump started agitating to get it all re-opened, before there was any contact tracing or other protcols put in place. If his administration was never going to take the defensive measures necessary, then they never should have done the partial shut down. Instead, he inflicted the worst of both worlds on the country.

It doesn't even matter what politicians did. People vote with their feet and their wallets. So many Americans were afraid of the virus and pulled their kids from schools, started working from home, etc. The marketplace was speaking.

Until the virus is under reasonable control and my toddler is vaccinated, I'm not really interested in eating in restaurants or going to indoor concerts. You can proclaim all you want - "the economy is open!" - and I won't open my wallet until I feel safe. Neither will my mother with some serious health issues - they are avoiding a lot of stuff until the virus is endemic.

That said, I am traveling on airplanes this year. We flew for the holidays. I'm traveling next month. I'm also wearing an N95 on the plane. So I'm not a complete shut-in.

But this idea that any politician can "shut down" or "open up" the economy is laughable and naïve. We are all making our own individual decisions based on the factors in household, plus the latest statistics on spread in our areas. We won't be back to feeling like it's pre-COVID for a while with 35% of this country is unvaccinated plus a huge contingent of the world unvaccinated.

We need a new Marshall Plan for vaccination to get back to normal.

The vaccine is free and easy and accessible to anyone who wants it. We don't need a new plan. We need the anti-vaxxers to step up, or have insurance companies deny coverage for COVID related treatment to those who eschew the vaccine.

We kind of need a new plan - I agree. And honestly I was expecting Biden to get out there and sell it. He didn't.

If this had been Obama/Clinton/Trump (yes, the Orange Menace) I don't think it would be hard to imagine a president who announced a 50-state tour. He would have appeared in EVERY state with mass vaccination clinic on each stop. Biden ranted from a TV screen in 9 appearances throughout the year and said F It on Christmas.

That's not leadership. That's not appealing to the masses.

There is nothing more important than getting our country vaccinated. NOTHING. It is affecting our manufacturing power, supply chain, and readiness.

They had lotteries for millions of dollars, they gave away cars, really what more do you want them to do. the people resisting think they are making a political statement. Screw them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Simple PP, first I wouldn't of shut down the economy so long. Focusing on the aged and those with co-morbilities worked in several states, however the one sized fits all didn't work. Adding fiscal stimulus in the ARA (March 21) was wrong or should I say over stimulus. Second the Federal Reserve was too slow to announce rate increases and pushed a transitory tone way too long. We will be dealing with inflation for years to come and point you to the 1979/80 inflation fiasco. It took the Fed and Milton Friedman until 1986 to tame imflation.

For so long? We never really shut down the way it needed to, and once there were a few days of it, Trump started agitating to get it all re-opened, before there was any contact tracing or other protcols put in place. If his administration was never going to take the defensive measures necessary, then they never should have done the partial shut down. Instead, he inflicted the worst of both worlds on the country.

It doesn't even matter what politicians did. People vote with their feet and their wallets. So many Americans were afraid of the virus and pulled their kids from schools, started working from home, etc. The marketplace was speaking.

Until the virus is under reasonable control and my toddler is vaccinated, I'm not really interested in eating in restaurants or going to indoor concerts. You can proclaim all you want - "the economy is open!" - and I won't open my wallet until I feel safe. Neither will my mother with some serious health issues - they are avoiding a lot of stuff until the virus is endemic.

That said, I am traveling on airplanes this year. We flew for the holidays. I'm traveling next month. I'm also wearing an N95 on the plane. So I'm not a complete shut-in.

But this idea that any politician can "shut down" or "open up" the economy is laughable and naïve. We are all making our own individual decisions based on the factors in household, plus the latest statistics on spread in our areas. We won't be back to feeling like it's pre-COVID for a while with 35% of this country is unvaccinated plus a huge contingent of the world unvaccinated.

We need a new Marshall Plan for vaccination to get back to normal.

The vaccine is free and easy and accessible to anyone who wants it. We don't need a new plan. We need the anti-vaxxers to step up, or have insurance companies deny coverage for COVID related treatment to those who eschew the vaccine.

We kind of need a new plan - I agree. And honestly I was expecting Biden to get out there and sell it. He didn't.

If this had been Obama/Clinton/Trump (yes, the Orange Menace) I don't think it would be hard to imagine a president who announced a 50-state tour. He would have appeared in EVERY state with mass vaccination clinic on each stop. Biden ranted from a TV screen in 9 appearances throughout the year and said F It on Christmas.

That's not leadership. That's not appealing to the masses.

There is nothing more important than getting our country vaccinated. NOTHING. It is affecting our manufacturing power, supply chain, and readiness.

They had lotteries for millions of dollars, they gave away cars, really what more do you want them to do. the people resisting think they are making a political statement. Screw them.

That seems to be the entire Biden administration's ethos. Not going down well.

I have no idea why he and his team are so reticent to directly engage with the population. Biden sold himself as a man of the people his entire career. He commuted from Delaware every day and never spent a weekend in Washington, D.C. He was always home with his family.

Why is it so hard for normal Joe to be normal and reach out? I never imagined this would be a problem.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

The Democrats are nuts. Christmas is the largest retail sales market of the entire year EVERY YEAR. The fact that retail sales declined in December is not 'okay', its not a good sign, and cherry-coating is not helping either.

'Inflation is transitory'

Sales did not decline in December in unadjusted terms. They went way up just not to pre-pandemic levels. There is a season adjustment for December sales stats based on historical increases in holiday sales, travel, events, etc. but we live in Christmas present, not Christmas past.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The Democrats are nuts. Christmas is the largest retail sales market of the entire year EVERY YEAR. The fact that retail sales declined in December is not 'okay', its not a good sign, and cherry-coating is not helping either.

'Inflation is transitory'

Sales did not decline in December in unadjusted terms. They went way up just not to pre-pandemic levels. There is a season adjustment for December sales stats based on historical increases in holiday sales, travel, events, etc. but we live in Christmas present, not Christmas past.

Give me a break. Biden wants to tout the largest jobs gain in the HISTORY OF EVER - he can take a hit on the chin when retail sales tank.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Simple PP, first I wouldn't of shut down the economy so long. Focusing on the aged and those with co-morbilities worked in several states, however the one sized fits all didn't work. Adding fiscal stimulus in the ARA (March 21) was wrong or should I say over stimulus. Second the Federal Reserve was too slow to announce rate increases and pushed a transitory tone way too long. We will be dealing with inflation for years to come and point you to the 1979/80 inflation fiasco. It took the Fed and Milton Friedman until 1986 to tame imflation.

For so long? We never really shut down the way it needed to, and once there were a few days of it, Trump started agitating to get it all re-opened, before there was any contact tracing or other protcols put in place. If his administration was never going to take the defensive measures necessary, then they never should have done the partial shut down. Instead, he inflicted the worst of both worlds on the country.

It doesn't even matter what politicians did. People vote with their feet and their wallets. So many Americans were afraid of the virus and pulled their kids from schools, started working from home, etc. The marketplace was speaking.

Until the virus is under reasonable control and my toddler is vaccinated, I'm not really interested in eating in restaurants or going to indoor concerts. You can proclaim all you want - "the economy is open!" - and I won't open my wallet until I feel safe. Neither will my mother with some serious health issues - they are avoiding a lot of stuff until the virus is endemic.

That said, I am traveling on airplanes this year. We flew for the holidays. I'm traveling next month. I'm also wearing an N95 on the plane. So I'm not a complete shut-in.

But this idea that any politician can "shut down" or "open up" the economy is laughable and naïve. We are all making our own individual decisions based on the factors in household, plus the latest statistics on spread in our areas. We won't be back to feeling like it's pre-COVID for a while with 35% of this country is unvaccinated plus a huge contingent of the world unvaccinated.

We need a new Marshall Plan for vaccination to get back to normal.

The vaccine is free and easy and accessible to anyone who wants it. We don't need a new plan. We need the anti-vaxxers to step up, or have insurance companies deny coverage for COVID related treatment to those who eschew the vaccine.

We kind of need a new plan - I agree. And honestly I was expecting Biden to get out there and sell it. He didn't.

If this had been Obama/Clinton/Trump (yes, the Orange Menace) I don't think it would be hard to imagine a president who announced a 50-state tour. He would have appeared in EVERY state with mass vaccination clinic on each stop. Biden ranted from a TV screen in 9 appearances throughout the year and said F It on Christmas.

That's not leadership. That's not appealing to the masses.

There is nothing more important than getting our country vaccinated. NOTHING. It is affecting our manufacturing power, supply chain, and readiness.

They had lotteries for millions of dollars, they gave away cars, really what more do you want them to do. the people resisting think they are making a political statement. Screw them.

That seems to be the entire Biden administration's ethos. Not going down well.

I have no idea why he and his team are so reticent to directly engage with the population. Biden sold himself as a man of the people his entire career. He commuted from Delaware every day and never spent a weekend in Washington, D.C. He was always home with his family.

Why is it so hard for normal Joe to be normal and reach out? I never imagined this would be a problem.

He's not well. I doubt he has the energy to be out and about all the time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The Democrats are nuts. Christmas is the largest retail sales market of the entire year EVERY YEAR. The fact that retail sales declined in December is not 'okay', its not a good sign, and cherry-coating is not helping either.

'Inflation is transitory'

Sales did not decline in December in unadjusted terms. They went way up just not to pre-pandemic levels. There is a season adjustment for December sales stats based on historical increases in holiday sales, travel, events, etc. but we live in Christmas present, not Christmas past.

Give me a break. Biden wants to tout the largest jobs gain in the HISTORY OF EVER - he can take a hit on the chin when retail sales tank.

Sales rose by 10% from November & 17% from a year ago, but “fell” compared to the seasonal adjustment based on Decembers past.

https://www.reuters.com/world/us/us-retail-sales-tumble-december-amid-shortages-2022-01-14/

”Retail sales, which are mostly goods, increased 16.9% year-on-year in December. Unadjusted sales rose 10.0% last month.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The Democrats are nuts. Christmas is the largest retail sales market of the entire year EVERY YEAR. The fact that retail sales declined in December is not 'okay', its not a good sign, and cherry-coating is not helping either.

'Inflation is transitory'

Sales did not decline in December in unadjusted terms. They went way up just not to pre-pandemic levels. There is a season adjustment for December sales stats based on historical increases in holiday sales, travel, events, etc. but we live in Christmas present, not Christmas past.

Give me a break. Biden wants to tout the largest jobs gain in the HISTORY OF EVER - he can take a hit on the chin when retail sales tank.

Sales rose by 10% from November & 17% from a year ago, but “fell” compared to the seasonal adjustment based on Decembers past.

https://www.reuters.com/world/us/us-retail-sales-tumble-december-amid-shortages-2022-01-14/

”Retail sales, which are mostly goods, increased 16.9% year-on-year in December. Unadjusted sales rose 10.0% last month.”

Also, did a lot of people do their shopping before December since we kept hearing about shortages and shipping problems?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Simple PP, first I wouldn't of shut down the economy so long. Focusing on the aged and those with co-morbilities worked in several states, however the one sized fits all didn't work. Adding fiscal stimulus in the ARA (March 21) was wrong or should I say over stimulus. Second the Federal Reserve was too slow to announce rate increases and pushed a transitory tone way too long. We will be dealing with inflation for years to come and point you to the 1979/80 inflation fiasco. It took the Fed and Milton Friedman until 1986 to tame imflation.

For so long? We never really shut down the way it needed to, and once there were a few days of it, Trump started agitating to get it all re-opened, before there was any contact tracing or other protcols put in place. If his administration was never going to take the defensive measures necessary, then they never should have done the partial shut down. Instead, he inflicted the worst of both worlds on the country.

It doesn't even matter what politicians did. People vote with their feet and their wallets. So many Americans were afraid of the virus and pulled their kids from schools, started working from home, etc. The marketplace was speaking.

Until the virus is under reasonable control and my toddler is vaccinated, I'm not really interested in eating in restaurants or going to indoor concerts. You can proclaim all you want - "the economy is open!" - and I won't open my wallet until I feel safe. Neither will my mother with some serious health issues - they are avoiding a lot of stuff until the virus is endemic.

That said, I am traveling on airplanes this year. We flew for the holidays. I'm traveling next month. I'm also wearing an N95 on the plane. So I'm not a complete shut-in.

But this idea that any politician can "shut down" or "open up" the economy is laughable and naïve. We are all making our own individual decisions based on the factors in household, plus the latest statistics on spread in our areas. We won't be back to feeling like it's pre-COVID for a while with 35% of this country is unvaccinated plus a huge contingent of the world unvaccinated.

We need a new Marshall Plan for vaccination to get back to normal.

The vaccine is free and easy and accessible to anyone who wants it. We don't need a new plan. We need the anti-vaxxers to step up, or have insurance companies deny coverage for COVID related treatment to those who eschew the vaccine.

We kind of need a new plan - I agree. And honestly I was expecting Biden to get out there and sell it. He didn't.

If this had been Obama/Clinton/Trump (yes, the Orange Menace) I don't think it would be hard to imagine a president who announced a 50-state tour. He would have appeared in EVERY state with mass vaccination clinic on each stop. Biden ranted from a TV screen in 9 appearances throughout the year and said F It on Christmas.

That's not leadership. That's not appealing to the masses.

There is nothing more important than getting our country vaccinated. NOTHING. It is affecting our manufacturing power, supply chain, and readiness.

Hello, welcome to January 14, 2022. While you were sleeping all of yesterday, the illegitimate Supreme Court handed down a decision you might be interested in learning about. Spoiler alert: it has to do with the GOP justices trying to prolong the pandemic for political purposes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Simple PP, first I wouldn't of shut down the economy so long. Focusing on the aged and those with co-morbilities worked in several states, however the one sized fits all didn't work. Adding fiscal stimulus in the ARA (March 21) was wrong or should I say over stimulus. Second the Federal Reserve was too slow to announce rate increases and pushed a transitory tone way too long. We will be dealing with inflation for years to come and point you to the 1979/80 inflation fiasco. It took the Fed and Milton Friedman until 1986 to tame imflation.

For so long? We never really shut down the way it needed to, and once there were a few days of it, Trump started agitating to get it all re-opened, before there was any contact tracing or other protcols put in place. If his administration was never going to take the defensive measures necessary, then they never should have done the partial shut down. Instead, he inflicted the worst of both worlds on the country.

It doesn't even matter what politicians did. People vote with their feet and their wallets. So many Americans were afraid of the virus and pulled their kids from schools, started working from home, etc. The marketplace was speaking.

Until the virus is under reasonable control and my toddler is vaccinated, I'm not really interested in eating in restaurants or going to indoor concerts. You can proclaim all you want - "the economy is open!" - and I won't open my wallet until I feel safe. Neither will my mother with some serious health issues - they are avoiding a lot of stuff until the virus is endemic.

That said, I am traveling on airplanes this year. We flew for the holidays. I'm traveling next month. I'm also wearing an N95 on the plane. So I'm not a complete shut-in.

But this idea that any politician can "shut down" or "open up" the economy is laughable and naïve. We are all making our own individual decisions based on the factors in household, plus the latest statistics on spread in our areas. We won't be back to feeling like it's pre-COVID for a while with 35% of this country is unvaccinated plus a huge contingent of the world unvaccinated.

We need a new Marshall Plan for vaccination to get back to normal.

The vaccine is free and easy and accessible to anyone who wants it. We don't need a new plan. We need the anti-vaxxers to step up, or have insurance companies deny coverage for COVID related treatment to those who eschew the vaccine.

We kind of need a new plan - I agree. And honestly I was expecting Biden to get out there and sell it. He didn't.

If this had been Obama/Clinton/Trump (yes, the Orange Menace) I don't think it would be hard to imagine a president who announced a 50-state tour. He would have appeared in EVERY state with mass vaccination clinic on each stop. Biden ranted from a TV screen in 9 appearances throughout the year and said F It on Christmas.

That's not leadership. That's not appealing to the masses.

There is nothing more important than getting our country vaccinated. NOTHING. It is affecting our manufacturing power, supply chain, and readiness.

Hello, welcome to January 14, 2022. While you were sleeping all of yesterday, the illegitimate Supreme Court handed down a decision you might be interested in learning about. Spoiler alert: it has to do with the GOP justices trying to prolong the pandemic for political purposes.

Bwahahaha - that’s hilarious! Good one.

- oh wait . . . you actually believe that? Seriously???

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The Democrats are nuts. Christmas is the largest retail sales market of the entire year EVERY YEAR. The fact that retail sales declined in December is not 'okay', its not a good sign, and cherry-coating is not helping either.

'Inflation is transitory'

Sales did not decline in December in unadjusted terms. They went way up just not to pre-pandemic levels. There is a season adjustment for December sales stats based on historical increases in holiday sales, travel, events, etc. but we live in Christmas present, not Christmas past.

Give me a break. Biden wants to tout the largest jobs gain in the HISTORY OF EVER - he can take a hit on the chin when retail sales tank.

Sales rose by 10% from November & 17% from a year ago, but “fell” compared to the seasonal adjustment based on Decembers past.

https://www.reuters.com/world/us/us-retail-sales-tumble-december-amid-shortages-2022-01-14/

”Retail sales, which are mostly goods, increased 16.9% year-on-year in December. Unadjusted sales rose 10.0% last month.”

17% in comparison to the f**king WINTER OF DEATH in December 2020. Are you just blind or what? There were no vaccines, Biden himself was on Twitter telling people to stay home and away from their loved ones, and 2,000+ Americans were dying a day. Who was out there shopping? Not me. I would HOPE we've recovered 17% of sales compared to that horrific holiday time period.