Trump 47 Economy

[Anonymous]

Even Heritage bros in the National Review are worried about affordability

[Anonymous]

“People fail to realize they have more equity in their homes, higher salaries and larger balances in their 401k than 4 years ago. Higher gas and food prices don’t offset that.

Anonymous wrote:Care to comment on the job loss under Trump? He has been abysmal at jobs. US literally hemorrhaged jobs this past year except for in healthcare (which will soon be impacted given Medicaid/Medicare cuts).

The unemployment rate is half a point higher than 4 years ago.”

Higher equity in my house would only be good if I wanted to sell it or borrow against it. My home is assessed at more than three times what I paid for it.

Meanwhile my real estate tax is up $300 per month over what I was paying four years ago. If I sold, where would I go?

My oldest has no debt and a good salary. He’s been socking away savings since 2021. He’s terrified of buying a house due to insecurity about employment. He feels he should be flexible about moving if he loses his current DC area job. Job anxiety is crippling young people who should be starting families.

My daughter did buy a house with her husband. It’s brand new but 30 miles from their jobs. They are now affected by gas prices. She is expecting so she will probably stop working this fall. Child care is prohibitive.

My investments are doing well but I’d rather my children and grandchildren have a decent life with less stress.

[Anonymous]

Anonymous wrote:

“People fail to realize they have more equity in their homes, higher salaries and larger balances in their 401k than 4 years ago. Higher gas and food prices don’t offset that.

Anonymous wrote:Care to comment on the job loss under Trump? He has been abysmal at jobs. US literally hemorrhaged jobs this past year except for in healthcare (which will soon be impacted given Medicaid/Medicare cuts).

The unemployment rate is half a point higher than 4 years ago.”

Higher equity in my house would only be good if I wanted to sell it or borrow against it. My home is assessed at more than three times what I paid for it.

Meanwhile my real estate tax is up $300 per month over what I was paying four years ago. If I sold, where would I go?

My oldest has no debt and a good salary. He’s been socking away savings since 2021. He’s terrified of buying a house due to insecurity about employment. He feels he should be flexible about moving if he loses his current DC area job. Job anxiety is crippling young people who should be starting families.

My daughter did buy a house with her husband. It’s brand new but 30 miles from their jobs. They are now affected by gas prices. She is expecting so she will probably stop working this fall. Child care is prohibitive.

My investments are doing well but I’d rather my children and grandchildren have a decent life with less stress.

Same, and for my parents and sibling on social security.

[Anonymous]

Anonymous wrote:

“People fail to realize they have more equity in their homes, higher salaries and larger balances in their 401k than 4 years ago. Higher gas and food prices don’t offset that.

Anonymous wrote:Care to comment on the job loss under Trump? He has been abysmal at jobs. US literally hemorrhaged jobs this past year except for in healthcare (which will soon be impacted given Medicaid/Medicare cuts).

The unemployment rate is half a point higher than 4 years ago.”

Higher equity in my house would only be good if I wanted to sell it or borrow against it. My home is assessed at more than three times what I paid for it.

Meanwhile my real estate tax is up $300 per month over what I was paying four years ago. If I sold, where would I go?

My oldest has no debt and a good salary. He’s been socking away savings since 2021. He’s terrified of buying a house due to insecurity about employment. He feels he should be flexible about moving if he loses his current DC area job. Job anxiety is crippling young people who should be starting families.

My daughter did buy a house with her husband. It’s brand new but 30 miles from their jobs. They are now affected by gas prices. She is expecting so she will probably stop working this fall. Child care is prohibitive.

My investments are doing well but I’d rather my children and grandchildren have a decent life with less stress.

Not only is childcare prohibitive; it’s also impossible to find.

[Anonymous]

Iran fallout:

Ag secretary confirming 1 in 4 US farmers has no fertilizer secured, American Farm Bureau survey says up to 70% can’t afford enough fertilizer for the season under the spiked costs

Honestly shocked this isn’t bigger news. 25% of farms are just not planting at all this season. Farm bankruptcy up 46%

Imagine what this does for the national and global food supply.

[Anonymous]

Anonymous wrote:Iran fallout:

Ag secretary confirming 1 in 4 US farmers has no fertilizer secured, American Farm Bureau survey says up to 70% can’t afford enough fertilizer for the season under the spiked costs

Honestly shocked this isn’t bigger news. 25% of farms are just not planting at all this season. Farm bankruptcy up 46%

Imagine what this does for the national and global food supply.

This is scary and deserves its own thread.

High gas and food prices for the foreseeable future.

Thanks MAGA. Everything you touch gets f*d up.

[Anonymous]

Anonymous wrote:Iran fallout:

Ag secretary confirming 1 in 4 US farmers has no fertilizer secured, American Farm Bureau survey says up to 70% can’t afford enough fertilizer for the season under the spiked costs

Honestly shocked this isn’t bigger news. 25% of farms are just not planting at all this season. Farm bankruptcy up 46%

Imagine what this does for the national and global food supply.

There is so much bad news it’s hard to focus. Undoubtedly there is a lot of lobbying going on behind the scenes. Big ag will be fine. In fact this is an opportunity for big ag to pick up more land and wait for better times.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Iran fallout:

Ag secretary confirming 1 in 4 US farmers has no fertilizer secured, American Farm Bureau survey says up to 70% can’t afford enough fertilizer for the season under the spiked costs

Honestly shocked this isn’t bigger news. 25% of farms are just not planting at all this season. Farm bankruptcy up 46%

Imagine what this does for the national and global food supply.

This is scary and deserves its own thread.

High gas and food prices for the foreseeable future.

Thanks MAGA. Everything you touch gets f*d up.

There’s a thread on the fertilizer shortage here: https://www.dcurbanmom.com/jforum/posts/list/1319740.page
I agree it’s not getting enough attention.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:Imagine where the economy and the S&P 500 would be with $60 oil and a 4.25% 30yr as it was before this time last year (ie the Biden economy the right like to disparage)

Yes, I was, in fact, better off financially under Biden.

How so?

DP

We knew that the economy was in the hands of an adult cleaning up the COVID and supply chain mess left by Trump.
Employment was growing, the economy was growing and things had stabilized.

Totally the opposite of where we are now.

The economy had nowhere to go but up. Thankfully Trump fast tracked vaccines.

What was your 401k value four years ago?

What was your salary.

What was the value of your home?

DP: People without jobs don't have salaries, 401Ks, or homes. In the U.S., 7.2 million people (over 4%) are currently unemployed.

Further, do you understand that in the U.S., about 60% of employed Americans are hourly workers who don't have a "salary" or guaranteed schedule of work hours let alone a 401K, and an additional 10-13% of non-salaried workers are gig workers. As for home value, 42.5 million households in are renters, and half of them spend over 30% of income on rent with nothing left for a retirement plan.

1. They don't care
2. Their attitude is "your 401k goes up every year regardless of who is president so shut up" and "your salary goes up every year regardless of who is president so shut up" and also "your home equity rises so shut up"

It is totally some rich MAGA shill

The question was “Are you better off today than you were four years ago?”

It’s a simple yes or no question constantly being answered with political diarrhea of the mouth here.

The answer was: no.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Iran fallout:

Ag secretary confirming 1 in 4 US farmers has no fertilizer secured, American Farm Bureau survey says up to 70% can’t afford enough fertilizer for the season under the spiked costs

Honestly shocked this isn’t bigger news. 25% of farms are just not planting at all this season. Farm bankruptcy up 46%

Imagine what this does for the national and global food supply.

This is scary and deserves its own thread.

High gas and food prices for the foreseeable future.

Thanks MAGA. Everything you touch gets f*d up.

There’s a thread on the fertilizer shortage here: https://www.dcurbanmom.com/jforum/posts/list/1319740.page
I agree it’s not getting enough attention.

I think that topic title doesn't do the urgency of the issue justice.

Need a new thread title: " 25% of farms are just not planting at all this season. Farm bankruptcy up 46%" -- that is scary, not a fertilizer shortage. Most people aren't going to be able to put two and two together. They need the in your face title to understand the ramifications.

[Anonymous]

Anonymous wrote:Iran fallout:

Ag secretary confirming 1 in 4 US farmers has no fertilizer secured, American Farm Bureau survey says up to 70% can’t afford enough fertilizer for the season under the spiked costs

Honestly shocked this isn’t bigger news. 25% of farms are just not planting at all this season. Farm bankruptcy up 46%

Imagine what this does for the national and global food supply.

Weeks ago, the ag sec went on TV and said US farmers were set as they already had their fertilizer for the growing season. Of course she was reading Big Ag TPs as anyone who knows small farmers knows that they often don’t have the capital to set out for such a purchase months in advance.

Think Bessent also dismissed this concern. Never surprising there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Iran fallout:

Ag secretary confirming 1 in 4 US farmers has no fertilizer secured, American Farm Bureau survey says up to 70% can’t afford enough fertilizer for the season under the spiked costs

Honestly shocked this isn’t bigger news. 25% of farms are just not planting at all this season. Farm bankruptcy up 46%

Imagine what this does for the national and global food supply.

There is so much bad news it’s hard to focus. Undoubtedly there is a lot of lobbying going on behind the scenes. Big ag will be fine. In fact this is an opportunity for big ag to pick up more land and wait for better times.

JD, is that you signing in? Not surprising you don’t give a whit about the small farmers out there.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:To ask someone if they are better off than 4 years ago is a ridiculous question. People generally accrue money and earn more with time.

Your words indicate you are better off, and better positioned to weather the economic headwinds.

Anonymous wrote:I was better off and had a higher 401k (including all time highs every single year) under Biden than under Trump's first term.

What’s the delta between your 401k four years ago and today? I bet you’re better off.

Think of how much higher the DOW/401k's would be if the US was still growing at 3%+ GDP and didn't have the tariff uncertainty and Iran war. The opportunity costs Trump is costing your precious investor class is overwhelming.

My portfolio is over performing in this environment.

People here seem to forget 1/3/22 - 12/12/23 when the Dow stayed below 36,452 for 618 days.

That's great for people who have a lot of money in the stock market (us). It sucks for those who don't and people on social security, like my parents and sister.

I don’t have official data but I assume coastal democrats are making crazy money in the market while rural MAGA are getting more and more broke with higher costs, more reliance on gas and little (if any) investments.

While true, keep in mind that coastal democrats are perfectly happy to pay taxes that go to support people who need it.

Right? Also, MAGA pundits and media folks never live in rural red states save when they visit to cosplay. They’re all in their enclaves in McLean or northern NJ.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Imagine where the economy and the S&P 500 would be with $60 oil and a 4.25% 30yr as it was before this time last year (ie the Biden economy the right like to disparage)

Yes, I was, in fact, better off financially under Biden.

How so?

Not the PP, but I’m fretting about what relatives will need assistance - we’re already helping some.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Imagine where the economy and the S&P 500 would be with $60 oil and a 4.25% 30yr as it was before this time last year (ie the Biden economy the right like to disparage)

Yes, I was, in fact, better off financially under Biden.

How so?

DP

We knew that the economy was in the hands of an adult cleaning up the COVID and supply chain mess left by Trump.
Employment was growing, the economy was growing and things had stabilized.

Totally the opposite of where we are now.

The economy had nowhere to go but up. Thankfully Trump fast tracked vaccines.

What was your 401k value four years ago?

What was your salary.

What was the value of your home?

DP: People without jobs don't have salaries, 401Ks, or homes. In the U.S., 7.2 million people (over 4%) are currently unemployed.

Further, do you understand that in the U.S., about 60% of employed Americans are hourly workers who don't have a "salary" or guaranteed schedule of work hours let alone a 401K, and an additional 10-13% of non-salaried workers are gig workers. As for home value, 42.5 million households in are renters, and half of them spend over 30% of income on rent with nothing left for a retirement plan.

1. They don't care
2. Their attitude is "your 401k goes up every year regardless of who is president so shut up" and "your salary goes up every year regardless of who is president so shut up" and also "your home equity rises so shut up"

It is totally some rich MAGA shill

The question was “Are you better off today than you were four years ago?”

It’s a simple yes or no question constantly being answered with political diarrhea of the mouth here.

The answer was: no.

NP here: No- much worse off. Depleted savings during job loss and grocery and gas prices are through the roof. Also my taxes and insurance are out of control. I cannot replenish savings. living day to day.