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Biden’s economy
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Anonymous
| Here’s an anecdote for you: I work in valuations for an auction house. We are so inundated with consignment and valuation requests right now we are being told not to respond to every request. Normally we respond to all requests even if we can’t take an item because it’s not valuable enough or fake. Clearly people need money. During the pandemic we were begging people to consign. |
Anonymous
BRICS are about undermining the dollar and creating trade deals that the US disaproves of. Guess you should educate yourself. It is not just Russia by far. |
Anonymous
Anonymous
It isn't Biden who is/was equating the Dow with "the economy" - that would be Trump, who touted Wall Street performance on a repeated basis throughout his presidency (except when the market tanked in March, 2020) There is inflation, absolutely. It is a result of COVID and the restarting of the economy after the vaccines were readily available. It is a global phenomenon that the US is handling better than anywhere else. There is still work to do, but if Trump had still been president, the vaccines would have been "pay to play" with red state priority and the economy would have fallen off a cliff since 75% of the national GDP is from blue areas. |
Anonymous
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Family dollar, express, macys, outback, Amazon.
UPS cutting 12k workers!!! https://www.businessinsider.com/stores-closing-in-2024-list?amp https://www.courier-journal.com/story/news/2024/02/02/ups-layoffs-2024-jobs-cuts-near-me-severance-united-parcel-service-employee-layoff-news-kentucky/72447944007/#:~:text=UPS%20said%20it%20will%20lay,severance%20packages%20and%20outplacement%20assistance. Consumer confidence wanes again https://budget.house.gov/press-release/consumer-confidence-wanes-for-second-consecutive-month-fears-of-looming-recession-continue-to-grow Due to Bidenomics people are feeling the pinch and credit card usage is through the roof. CVS, Walgreens, Rite Aid, Walmart, Outback, Express, Besr Buy…the list goes on… |
Anonymous
Everything is. Groceries, utilities, streaming services, internet, clothes….all have skyrocketed due to Bidenomics. This Regime has bumbled and stumbled and fumbled the economy |
Anonymous
Anonymous
Really? Or, it could be those "record profits" by the grocery chains, the food manufacturers and the oil companies are your inflation. Because it is worse in other countries than in the US, which suggests that the inflation is not because of "Bidenomics" but something more global and macro. Do tell, if Bidenomics were the culprit, then wouldn't inflation be worse in the US than other countries? |
Anonymous
Family dollar is being cannibalized by Dollar Tree. CVS, Walgreens and Rite Aid are closing b/c they make their money on pharmaceuticals. Their boards are not seeing the same margins. In other words, corporations are really greedy. Add to that, so many companies have been bought by hedge funds who load the orgs with debt and then the stores must close. |
Anonymous
Explain how. Explain how Bidenomics has caused inflation across this range of products and services. |
Anonymous
They can't, because it isn't what happened, and they are just parroting right wing talking points without having any idea what they are saying. |
Anonymous
The ONLY thing that causes inflation is money creation. |
Anonymous
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Contacts in most Districts noted consumers pushed back against additional price increases, which led to smaller profit margins as input prices rose on average.
Retail contacts reported offering discounts to entice customers. Many Districts observed a continued increase in input costs, particularly insurance, while some noted price declines in certain construction materials. Some Districts observed declines in manufacturing raw material costs. Price growth is expected to continue at a modest pace in the near term. Retail spending was flat to up slightly, reflecting lower discretionary spending and heightened price sensitivity among consumers. Auto sales were roughly flat, with a few Districts noting that manufacturers were offering incentives to spur sales. Travel and tourism strengthened across much of the country, boosted by increased leisure and business travel, but hospitality contacts were mixed in their outlooks for the summer season. Demand for nonfinancial services rose, and activity in transportation services was mixed, as port and rail activity increased whereas reports of trucking and freight demand varied. Employment rose at a slight pace overall, as eight Districts reported negligible to modest job gains, and the remaining four Districts reported no changes in employment. A majority of Districts noted better labor availability, though some shortages remained in select industries or areas. Multiple Districts said employee turnover has decreased, and one noted that employers' bargaining power has increased. Hiring plans were mixed—a couple of Districts expect a continuation of modest job gains, while others noted a pullback in hiring expectations amid weaker business demand and reluctance due to the uncertain economic environment. Wage growth remained mostly moderate, though some Districts reported more modest increases. Several Districts reported that wage growth was at pre-pandemic historical averages or was normalizing toward those rates. https://www.federalreserve.gov/monetarypolicy/beigebook202405-summary.htm |
Anonymous
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Here we go again....
Home buyers will be able to buy a home without putting any money down under a new program launched by United Wholesale Mortgage, one of the largest U.S. mortgage lenders. The Pontiac, Mich.-based company’s new program will be available to first-time home buyers and people earning at or below 80% of an area’s median income, the company said in a press release. UWM (UWMC) will give eligible buyers a second-lien loan of up to $15,000, in the form of down-payment assistance, for 3% of the home’s purchase price. The loan will not accrue interest or require a monthly payment. https://www.morningstar.com/news/marketwatch/20240523224/one-of-the-biggest-us-lenders-is-offering-0-down-payment-mortgages-for-first-time-home-buyers-heres-the-catch |