Biden’s economy

[Anonymous]

Bidenomics at work........

[Anonymous]

Anonymous wrote:You should run with telling people the inflation is only in housing costs.

What do Trump and the Republicans plan to do about housing costs?

[Anonymous]

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[Anonymous]

Anonymous wrote:[/url]

This has been an issue since the Reagan era. That is why the Dems support Unions and living wages.

The GOP wants to rely solely on market forces, which in pure capitalism, rapes the worker.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You should run with telling people the inflation is only in housing costs.

What do Trump and the Republicans plan to do about housing costs?

I hear the silence of the GOP.

Meanwhile, Biden and the Democrats want to prevent investment groups from owning most of America’s houses so that they’re actually available for sale by actual Americans who will live in them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:[/url]

This has been an issue since the Reagan era. That is why the Dems support Unions and living wages.

The GOP wants to rely solely on market forces, which in pure capitalism, rapes the worker.

The meme is obviously not true. The Fed collects data on people that work more than one job, and the percentage has not increased since 2020.

[Anonymous]

State Farm Discontinuing 72,000 Home Policies In California In Latest Blow To State Insurance Market

The move comes as California's elected insurance commissioner undertakes a yearlong overhaul of home insurance regulations aimed at calming the state's imploding market by giving insurers more latitude to raise premiums while extracting commitments from them to extend coverage in fire-risk areas, the news group said.

The California Department of Insurance said State Farm will have to answer question from regulators about its decision to discontinue coverage.

"One of our roles as the insurance regulator is to hold insurance companies accountable for their words and deeds," Deputy Insurance Commissioner Michael Soller said. "We need to be confident in State Farm's strategy moving forward to live up to its obligations to its California customers."

It was unclear whether the department would launch an investigation.

https://hosted.ap.org/article/149da2ade4546404a8bd02c08416833b/state-farm-discontinuing-72000-home-policies-california

[Anonymous]

Now do Florida

https://www.wpbf.com/article/floridas-property-insurance-crisis-how-did-we-get-here-and-how-do-lawmakers-fix-it/46801457

Neither has anything to do with "Biden's Economy"

[Anonymous]

Rising costs to rebuild... AKA INFLATION.

[Anonymous]

Just like auto insurance policies just had their biggest premium jump in 47 years in 2023 - because electric vehicles cost so much to repair.

Welcome to Bidenomics.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Oof, inflation in CA is higher than pre-pandemic
https://calmatters.org/economy/2024/03/california-inflation/

Grocery prices rising still
https://www.newschannel5.com/news/shoppers-face-grocery-price-hikes-despite-inflation-slowdown

Americans spending more on food costs than ever in the last three decades

https://www.cbsnews.com/amp/news/inflation-consumer-spending-food-and-restaurants-disposable-income-2024/


Record number of Americans can’t afford rent

https://apnews.com/article/affordable-housing-rent-eviction-price-harvard-congress-f5411012e10fa78d0257c137e60c1be3


Talk of massive recession looming in April/May time frame

https://markets.businessinsider.com/news/stocks/stock-market-outlook-crash-spx-berg-recession-speculation-nvidia-short-2024-3

Hold onto your hats folks, with half of Americans not being able to afford housing and the housing market essentially dead it’s not long before we see a huge downturn. Thanks to Bidenomics we have more Americans in debt than ever before, high food costs and half if Americans are late or can’t pay rent.

When housing is restricted (see NIMBYs fighting new development at every turn) the housing costs continue to rise. That is your housing inflation.
And the food costs are directly tied to what food producers and grocery stores charge. Both sectors are reported record profits - that is your food inflation.

What can government do?
Biden has provided significant funding for new housing in the form of block grants. This money is hitting the states now. The GOP uniformly voted against this funding.

The Democrats offered anti-gouging legilsation, and the GOP voted it down.

So while these things are bad, the democrats have tried to mitigate the effects and the GOP has shot it down or opposed. What is the GOP plan to fight inflation or bring housing/food costs down?

+1 Look at corporate profits since 2020. That’s your inflation, people.
https://fred.stlouisfed.org/series/CP

Also this:

“Large grocery retailers took advantage of supply chain disruptions to beat out smaller rivals and protect their profits during the pandemic, according to a report released by the Federal Trade Commission on Thursday.

The report found that some large firms “accelerated and distorted” the effects of supply chain snarls, including by pressuring suppliers to favor them over competitors. Food and beverage retailers also posted strong profits during the height of the pandemic and continue to do so today, casting doubt on assertions that higher grocery prices are simply moving in lock step with retailers’ own rising costs, the authors argued.”
https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Oof, inflation in CA is higher than pre-pandemic
https://calmatters.org/economy/2024/03/california-inflation/

Grocery prices rising still
https://www.newschannel5.com/news/shoppers-face-grocery-price-hikes-despite-inflation-slowdown

Americans spending more on food costs than ever in the last three decades

https://www.cbsnews.com/amp/news/inflation-consumer-spending-food-and-restaurants-disposable-income-2024/


Record number of Americans can’t afford rent

https://apnews.com/article/affordable-housing-rent-eviction-price-harvard-congress-f5411012e10fa78d0257c137e60c1be3


Talk of massive recession looming in April/May time frame

https://markets.businessinsider.com/news/stocks/stock-market-outlook-crash-spx-berg-recession-speculation-nvidia-short-2024-3

Hold onto your hats folks, with half of Americans not being able to afford housing and the housing market essentially dead it’s not long before we see a huge downturn. Thanks to Bidenomics we have more Americans in debt than ever before, high food costs and half if Americans are late or can’t pay rent.

When housing is restricted (see NIMBYs fighting new development at every turn) the housing costs continue to rise. That is your housing inflation.
And the food costs are directly tied to what food producers and grocery stores charge. Both sectors are reported record profits - that is your food inflation.

What can government do?
Biden has provided significant funding for new housing in the form of block grants. This money is hitting the states now. The GOP uniformly voted against this funding.

The Democrats offered anti-gouging legilsation, and the GOP voted it down.

So while these things are bad, the democrats have tried to mitigate the effects and the GOP has shot it down or opposed. What is the GOP plan to fight inflation or bring housing/food costs down?

+1 Look at corporate profits since 2020. That’s your inflation, people.
https://fred.stlouisfed.org/series/CP

Also this:

“Large grocery retailers took advantage of supply chain disruptions to beat out smaller rivals and protect their profits during the pandemic, according to a report released by the Federal Trade Commission on Thursday.

The report found that some large firms “accelerated and distorted” the effects of supply chain snarls, including by pressuring suppliers to favor them over competitors. Food and beverage retailers also posted strong profits during the height of the pandemic and continue to do so today, casting doubt on assertions that higher grocery prices are simply moving in lock step with retailers’ own rising costs, the authors argued.”
https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html

It felt artificial to some extent at the time! I’m glad to get confirmation that it was to some degree.

[Anonymous]

And yet, it hasn't reverted. The stores have kept the prices high and the manufacturers have implemented "shrinkflation" so we are getting less for our money, and somehow, the right blames Biden.

This is capitalism without guardrails and will only get worse as the right continues to remove those "pesky" regulations that protect consumers and worker safety.

[Anonymous]

[Anonymous]

Anonymous wrote:

This. Historically our economy is doing great. There are still issues, of course, but to suggest that we live in hard times right now is just idiotic.