Biden’s economy

[Anonymous]

Anonymous wrote:in 2016- you could raise a family of 4 for $12 an hour in West Virginia now you cant

Fake news. Even in West Virginia one income of $12 an hour to raise a family of four in 2016 would have been far far below the poverty line. Typical cost of living for a family of four in West Virginia including rent, transportation, food, healthcare, childcare, et cetera is a lot closer to $60-70k. $12 an hour is only $24,960 before taxes.

[Anonymous]

In 2020, the average U.S. electric bill from June to September was $556.

This year, it's expected to be $719 — an increase of nearly 30%.

That's Bidenomics!

[Anonymous]

Anonymous wrote:In 2020, the average U.S. electric bill from June to September was $556.

This year, it's expected to be $719 — an increase of nearly 30%.

That's Bidenomics!

No, that is the local public service commissions raising rates.

Neither the federal government, nor the president have anything to do with utility rates. Those are all state level metrics.

[Anonymous]

Funny how PP blames State regulatory commissions yet ignores all the inflation in goods and services needed to generate electricity. Meanwhile Obama said this in 2014 - “Under my plan … electricity rates would necessarily skyrocket.”

[Anonymous]

The economic cooldown is now in gear. I was skeptical we would see a rate cut this year, but it’s going to happen:

[Anonymous]

Anonymous wrote:

Anonymous wrote:In 2020, the average U.S. electric bill from June to September was $556.

This year, it's expected to be $719 — an increase of nearly 30%.

That's Bidenomics!

No, that is the local public service commissions raising rates.

Neither the federal government, nor the president have anything to do with utility rates. Those are all state level metrics.

When the government helicopters money into the economy, utility rates increase. The idea that the federal government has no impact reflects a poor grasp of basic economics.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:Funny, I did my weekly grocery shopping today and with the loyalty membership, everything was back to pre-COVID prices.

Funny, I don't believe you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Funny, I did my weekly grocery shopping today and with the loyalty membership, everything was back to pre-COVID prices.

Funny, I don't believe you.

It’s true. Target has cut the prices on 5,000 items, this was widely reported last week. McDonald’s is offering a $5 value meal. I don’t go to Walgreen’s but here: https://www.cbsnews.com/news/walgreens-price-cut-target-amazon-fresh/

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In 2020, the average U.S. electric bill from June to September was $556.

This year, it's expected to be $719 — an increase of nearly 30%.

That's Bidenomics!

No, that is the local public service commissions raising rates.

Neither the federal government, nor the president have anything to do with utility rates. Those are all state level metrics.

When the government helicopters money into the economy, utility rates increase. The idea that the federal government has no impact reflects a poor grasp of basic economics.

The only reason for that would be power company greed.

[Anonymous]

Anonymous wrote:The US Economy Now Has:

1. 63 banks on the brink of default according to the FDIC

2. Over $500 BILLION of paper losses held by banks

3. Declining GDP growth with rising inflation

4. Over 50% of Americans believe we are in a recession

5. Lowest mortgage demand in over 30 years

6. A record $17.7 trillion in total household debt

Let's ignore and re-elect 46!

If Banks make poor decisions, that is on the bank leadership. Capitalism. Even $500 billion in loses. Maybe they should not have put all their eggs in a commercial real estate basket. Anyone will tell you to have a diversified portfolio.

The Declining GDP growth is desired by the Fed before they will lower interest rates. Even with the declining growth, the GDP quarter to quarter, has been better under Biden than Trump.

RE Americans believing we are in a recession. We aren't Amercians getting bad information and keeping them poorly informed and poorly educated is a feature, not a bug of the GOP, the owners of social media platforms and media outlets that have been bought and closed by hedge funds owned by right leaning individuals.

Lowest mortgage demand is a function of the Fed and interest rates, by design to help cool the housing markets.

Household debt - people are spending on travel, streaming media, gaming, sports and entertainment tickets etc. The economy is generally very strong. Maybe at the individual level, people should tighten up a bit, but that isn't something the president can mandate, right?

[Anonymous]

Anonymous wrote:Funny how PP blames State regulatory commissions yet ignores all the inflation in goods and services needed to generate electricity. Meanwhile Obama said this in 2014 - “Under my plan … electricity rates would necessarily skyrocket.”

Hey now, that's an inconvenient quote from Obama. You take that back. I demand it.

[Anonymous]

[Anonymous]

Nevermind this story, Bidenomics is working!