Biden’s economy
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Anonymous
Yes we can!! |
Anonymous
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U.S. economic growth slowed dramatically in first quarter of 2024, with inflation-weary consumers tightening their belts and spending less, the government reported on Thursday.
Inflation showed few signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday. That was above the 2.7% estimate from the Dow Jones consensus. https://www.cnbc.com/amp/2024/04/26/pce-inflation-march-2024-key-fed-inflation-measure-rose-2point8percent.html |
Anonymous
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You know this is NOT sustainable.
"Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall." https://edition.cnn.com/2024/04/24/business/ford-earnings-ev-losses/index.html |
Anonymous
Half of ford dealerships have opted out of the million dollar investment needed to provide service to ford electric vehicles, good luck finding a dealership to service your fab electric vehicle. Progress! |
Anonymous
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I'm not door dashing anything. I'm going to go get it myself. The whole change in expectations over the past couple of decades is unacceptable.
You don't feed your kid breakfast, they don't eat. Let them report it to DCF. Take the kid away. A few stories like that and we'll get back to individual responsibility and not this collectivized BS where we have to take the lowest common denominator in society (AKA the morons). Time for a little tough love and not just handing things to people. You want success, you work for it or suffer. |
Anonymous
Anonymous
Those are stuipd business men making decisions that will take their product out of the marketplace within a decade. |
Anonymous
Yes, businesses are there to lose money hand over fist. 
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Anonymous
They are making a decision based on politics rather than reality. The Ford EV pick-up is very popular and those in rural areas have enough land to power it via solar, thus never having to top off a tank of gas again. That some dealers are making this decision to "f brandon" is not about making or losing money. |
Anonymous
Apparently not, according to Ford actually experiencing the whole package. Ford states they are losing $132K per EV, so why don't you stop trying to spin it? |
Anonymous
“Despite the EV losses, Ford CEO Jim Farley said in a call with investors the company is making changes in its EV business, and that the company’s planned next generation of EVs will allow it to be profitable on that business in the near future.” Yes. There are growing pains, trying to absorb the cost of research and development, but EV’s are here to stay thanks in part to pressure from the federal government. It’s what I voted for, and will continue to vote for. |
Anonymous
"The increase in consumer spending reflected an increase in services that was partly offset by a decrease in goods. Within services, the increase primarily reflected increases in health care as well as financial services and insurance. " https://www.bea.gov/news/2024/gross-domestic-product-first-quarter-2024-advance-estimate Did you catch that? You know what that means? Health care is not discretionary. That means the increase came out of everything else. |
Anonymous
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Rut Ruh... Another sign higher for longer is back at the Fed
According to the New York Fed, wage inflation is sticky around 5%. This is more than double the Fed's long-term 2% target that they continue to stand by. Needless to say, 5% wage inflation should not come as a surprise after the latest inflation data. CPI inflation is now up for 2 straight months and PPI inflation nearly doubled year-over-year. We are not ready for lower rates yet and this hurts someone's re-election efforts. |
Anonymous
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Massive layoffs looming
https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024?amp Thanks to Bidenomics more Americans in debt just trying to get by https://www.cbsnews.com/amp/news/credit-card-debt-record-high/ Full time employment down and keeps going down https://mishtalk.com/economics/jobs-up-303000-full-time-employment-down-6000-in-march/ Only part time jobs. It’s been posted here numerous times more Americans holding second and third jobs than ever before, thanks to Bidenomics People ask themselves, am I better off than four years ago? For most Americans the answer is a resounding no. Even during the pandemic things were as bad with the massive inflationary pressure we have now. More people living at home with parents, skyrocketing rents, double digit inflation in required consumer goods…hold onto your hats folks it’s going to get worse the next few months |