Biden’s economy

[Anonymous]

U.S. crude oil production set a new record for the second month in a row in September

[Anonymous]

The beauty is, as fuel prices are low and US production is up, it totally undercuts the Saudi and Russian economies.

Way to go Joe!

Keeping US on top while also developing the green economy that can be transitioned over the next many years.

[Anonymous]

I am so glad that we have President Biden in charge.

[Anonymous]

https://www.ft.com/content/9c7931aa-4973-475e-9841-d7ebd54b0f47

[Anonymous]

Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?

[Anonymous]

Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?

What Republican policy proposals will solve this?

[Anonymous]

Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?

So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?

So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?

So good economic news means Biden is totally doing an amazing job and bad economic news can’t possibly be his responsibility?

Anyone remember when home affordability was one of Biden’s numerous campaign promises?

[Anonymous]

Anonymous wrote:U.S. crude oil production set a new record for the second month in a row in September

How will the Repugs spin this?

[Anonymous]

Anonymous wrote:

Anonymous wrote:U.S. crude oil production set a new record for the second month in a row in September

How will the Repugs spin this?

By pointing out how much everything costs compared to 4 years ago. By asking young voters if they think they will ever be able to afford the American dream. By asking parents if they think they will be able to afford college for their kids.

[Anonymous]

Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?

Do you want the federal government to start directly building single-family homes that are affordable for middle-class households? The federal government provides financing and tax incentives to build affordable housing and financing and mortgage insurance and tax deductions for home buyers, but developers want to build high-end properties and local governments side with developers, NIMBYs who oppose everything, and existing homeowners whose properties have increased in value because of scarcity. Almost everywhere, local homeowners do not want new housing near them for people with lower incomes than theirs.

[Anonymous]

+1 to all of that

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?

So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?

The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?

So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?

The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?

You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?

So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?

The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?

You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.

Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.