Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is the 35th consecutive month with inflation above 3% and second straight increase. Being the shiniest turd in the toilet isnt necessary a good thing, but 4 more years!

It is better than being the brownest one. What would the GOP be doing better/differently? I ask because the GOP record on this sort of thing over the last 40 years is pretty atrocious.

Clearly we need more tax cuts for the wealthy and corporations so that the money will trickle down to us peons.

[Anonymous]

The core services component of CPI inflation rose 0.5% in February, after rising 0.9% in January. That translates to a 4.4% year over year increase for both months, up from 3.9% in December.

The 3 month and 6 month annualized pace also accelerated, which along with an increase in the dispersion of prices increasing more than 4% is all in the wrong direction for the Fed.

[Anonymous]

[Anonymous]

Anonymous wrote:

As a percentage of GDP. How dishonest can he get?
Throw in rising interest rates, and even this chart is wrong.
An extra trillion a year in interest payments on the $30 trillion national debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

As a percentage of GDP. How dishonest can he get?
Throw in rising interest rates, and even this chart is wrong.
An extra trillion a year in interest payments on the $30 trillion national debt.

As a percentage of GDP is a perfectly reasonable measure. When you have more money, you are better able to service debt.

As for interest rates, do you honestly think that you, an anonymous commenter on a mommy blog, have discovered a major methodological oversight that over 200 experts staffed at the CBO did not? I mean, seriously?

[Anonymous]

Stock market likes the inflation report.

S&P 500 with another record close. 401k’s and IRA’s are happy as can be! Business investment, profits, jobs and employee wages are all very strong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

As a percentage of GDP. How dishonest can he get?
Throw in rising interest rates, and even this chart is wrong.
An extra trillion a year in interest payments on the $30 trillion national debt.

As a percentage of GDP is the only correct way to view a deficit. The raw number is meaningless if there is no context.

A $1T deficit for the US is low, for a smaller country like Russia it would be disastrous.

[Anonymous]

Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.

1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.

With household debt also hitting a fresh record of nearly $150,000 while credit cards charge 24%, people are turning to the last pot of money they have left: Their retirement savings.

[Anonymous]

Anonymous wrote:Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.

1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.

With household debt also hitting a fresh record of nearly $150,000 while credit cards charge 24%, people are turning to the last pot of money they have left: Their retirement savings.

If you counterbalance that with Traitor Joe emptying the petroleum reserve, flooding the border with illegals, turbocharging inflation, making fast food a luxury, achieving all time low SAT scores, bumbling into WW3 in Europe, more covid deaths than Trump, more vaccine deaths than Trump, crumbling cities, running out of ammo military ammo, skyrocketing debt, banks failing, life expectancies rapidly declining .

It’s pretty good

[Anonymous]

Anonymous wrote:Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.

1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.

With household debt also hitting a fresh record of nearly $150,000 while credit cards charge 24%, people are turning to the last pot of money they have left: Their retirement savings.

or, people were taking profits on all time highs in the stock market

[Anonymous]

Anonymous wrote:Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.

1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.

With household debt also hitting a fresh record of nearly $150,000 while credit cards charge 24%, people are turning to the last pot of money they have left: Their retirement savings.

what is the gop solution for the "problems" you outline?

I thought it was a 'pull yourself up by your bootstraps' party?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.

1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.

With household debt also hitting a fresh record of nearly $150,000 while credit cards charge 24%, people are turning to the last pot of money they have left: Their retirement savings.

or, people were taking profits on all time highs in the stock market

Stock market returns are slightly below the compounded inflation rate of the last 3.5 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.

1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.

With household debt also hitting a fresh record of nearly $150,000 while credit cards charge 24%, people are turning to the last pot of money they have left: Their retirement savings.

If you counterbalance that with Traitor Joe emptying the petroleum reserve, flooding the border with illegals, turbocharging inflation, making fast food a luxury, achieving all time low SAT scores, bumbling into WW3 in Europe, more covid deaths than Trump, more vaccine deaths than Trump, crumbling cities, running out of ammo military ammo, skyrocketing debt, banks failing, life expectancies rapidly declining .

It’s pretty good

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.

1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.

With household debt also hitting a fresh record of nearly $150,000 while credit cards charge 24%, people are turning to the last pot of money they have left: Their retirement savings.

If you counterbalance that with Traitor Joe emptying the petroleum reserve, flooding the border with illegals, turbocharging inflation, making fast food a luxury, achieving all time low SAT scores, bumbling into WW3 in Europe, more covid deaths than Trump, more vaccine deaths than Trump, crumbling cities, running out of ammo military ammo, skyrocketing debt, banks failing, life expectancies rapidly declining .

It’s pretty good

Uh, he sold the reserves at highs and bought back at lows, netting the US treasury a $20/barrell boon.

Thanks Joe!

(Education is a local issue, not federl and remember Betsy DeVos trashed the US Department of Education, so if you want to complain about low scores, then look at the person who was in charge when these kids were coming of age)

(more COVID deaths, well, sure, but almost all of them are in red areas due to the resistance to take advantage of the COVID vaccine. Thoughts and prayers)

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate.

1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2.

With household debt also hitting a fresh record of nearly $150,000 while credit cards charge 24%, people are turning to the last pot of money they have left: Their retirement savings.

If you counterbalance that with Traitor Joe emptying the petroleum reserve, flooding the border with illegals, turbocharging inflation, making fast food a luxury, achieving all time low SAT scores, bumbling into WW3 in Europe, more covid deaths than Trump, more vaccine deaths than Trump, crumbling cities, running out of ammo military ammo, skyrocketing debt, banks failing, life expectancies rapidly declining .

It’s pretty good

Brutal Juice