Biden’s economy

[Anonymous]

Anonymous wrote:Well yes, CRE is taking a hit and even more of a hit as we go down the road. There are a lot of empty office buildings with people working from home and as leases expire, businesses are adjusting to the new reality of much less office space.

And this is not Biden's fault. Blame COVID

[Anonymous]

Anonymous wrote:More good news for Brandon

Completely lost the inflation fight? It's under 4% and trending lower. That's not 2% but let's not pretend we're dealing with hyperinflation or even 70s like inflation here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Well yes, CRE is taking a hit and even more of a hit as we go down the road. There are a lot of empty office buildings with people working from home and as leases expire, businesses are adjusting to the new reality of much less office space.

And this is not Biden's fault. Blame COVID

No I blame Biden for trying to artificially spend a bunch of money to prop up industries like EV that will not sell without heavy govt subsidies, so a bunch of money had to be created out of thin air for his "belief system". Meanwhile, the value of the dollar is further diluted because of that, and therefore, we have rampant inflation. All your games to get federal bureaucracies like the BLS and FRED to change definitions of economic terms, redefine "baskets of goods" to their political liking and constantly touting core inflation over Headline inflation (CPI) doesn't change material facts.

This is Biden's fault. He's economically illiterate as are the DNC overlords around him.

The only one worse then him is Bernie Sanders who wanted to spend $6 Trillion on green energy.

Meanwhile, China builds out an addition 50 gigawatts every six months in coal produced energy.... and WE should unilaterally shoot ourselves in the foot because of your magnanimity and you want to feel good about yourself. NO. Just NO.

[Anonymous]

Anonymous wrote:Another day, another bad economic report as job claims (231k) came in hotter than estimate (212k).

Bidenomics is working!

Here’s what that looks like. I’m shaking in my boots.

[Anonymous]

everything the GOP complains about...inflation, gas and food prices, immigration, you name it, was addressable through legislation they have opposed.

[Anonymous]

Anonymous wrote:

everything the GOP complains about...inflation, gas and food prices, immigration, you name it, was addressable through legislation they have opposed.

And that was by design.

[Anonymous]

Fun / shocking stat of the day:

$2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021. From March 2020 until August 2021, $2.1 trillion in excess savings were built up after $4 trillion of stimulus.

Since then, US households have depleted these savings at a pace of ~$70 billion per month down to a -$72 billion in March 2024.

At the same time, US credit card debt has risen by $330 billion to a record $1.1 trillion.

Meanwhile, savings rates in the US declined from 3.5% in February to 3.2% in March, the lowest since November 2022.

Savings are now considered a luxury.

[Anonymous]

Anonymous wrote:Fun / shocking stat of the day:

$2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021. From March 2020 until August 2021, $2.1 trillion in excess savings were built up after $4 trillion of stimulus.

Since then, US households have depleted these savings at a pace of ~$70 billion per month down to a -$72 billion in March 2024.

At the same time, US credit card debt has risen by $330 billion to a record $1.1 trillion.

Meanwhile, savings rates in the US declined from 3.5% in February to 3.2% in March, the lowest since November 2022.

Savings are now considered a luxury.

Maybe people should be saving more rather than spending. Bootstraps and all, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fun / shocking stat of the day:

$2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021. From March 2020 until August 2021, $2.1 trillion in excess savings were built up after $4 trillion of stimulus.

Since then, US households have depleted these savings at a pace of ~$70 billion per month down to a -$72 billion in March 2024.

At the same time, US credit card debt has risen by $330 billion to a record $1.1 trillion.

Meanwhile, savings rates in the US declined from 3.5% in February to 3.2% in March, the lowest since November 2022.

Savings are now considered a luxury.

Maybe people should be saving more rather than spending. Bootstraps and all, right?

….as basic food and gas prices are skyrocketing. You exist in an elite little bubble, PP.

[Anonymous]

Ouch

[Anonymous]

Deficits are insane. They are a sign things are coming undone. The system no longer works even in reasonably good times.

[Anonymous]

$50 to JUST GET IN A DRAG SHOW......

I just wanted to know what people did in there. $50 I HAD TO pay $50 and I was there for 10 minutes then I left, and I just can't believe we to pay a $50 cover fee to just get in.

[Anonymous]

Anonymous wrote:Deficits are insane. They are a sign things are coming undone. The system no longer works even in reasonably good times.

The GOP has run up the deficit many times when they controlled the economy after the Dems cleaned up their messes, and somehow people like you never seem to care.

[Anonymous]

Anonymous wrote:Deficits are insane. They are a sign things are coming undone. The system no longer works even in reasonably good times.

I take it you’re against Trumps plan to cut revenues by another 4.5T then, right?

[Anonymous]

Anonymous wrote:

everything the GOP complains about...inflation, gas and food prices, immigration, you name it, was addressable through legislation they have opposed.

Yes, gas is $7 in California and $4 everywhere else.

Who is gouging?

.gov is gouging