Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wage suppression through immigration is the entirety of the Biden administration’s anti inflation strategy.

The bill called the Inflation Reduction Act actually has been successful in keeping inflation in the US lower than per countries globally.

You can’t be serious. Even liberal institutes like the Brookings Institute have acknowledged the act increased inflation.

Inflation has not increased since the IRA was passed.

Prices are still UP, not down, and that’s what’s impacting his abysmal approval ratings, not the inflation rate/

As for the act: AP news reported

“I can’t think of any mechanism by which it would have brought down inflation to date,” said Harvard University economist Jason Furman.

…

Alex Arnon, an economic and budget analyst for the University of Pennsylvania’s Penn Wharton Budget Model, offers a similar assessment.

“We can say with pretty strong confidence that it was mostly other factors that have brought inflation down,’’ he said. “The IRA has just not been a significant factor.’’

When the Inflation Reduction Act was proposed, the Congressional Budget Office said its impact on inflation would be “negligible.”

…
“I wish I hadn’t called it that because it has less to do with reducing inflation than it has to do with providing alternatives that generate economic growth,” Biden said.

You’re confusing prices with inflation rates. Once prices actually start going down we’ll actually be in that recession you so desperately want.

[Anonymous]

The US Treasury yield curve has been inverted for 702 days, the longest streak in bond market history. The difference between 10-year and 2-year Treasuries has turned negative on July 6, 2022, 22 months ago.

The previous record was made in the late 1970s and lasted for 624 days starting in August 1978.

In the past, each time when the yield curve inverted and then un-inverted a recession followed.

Meanwhile, the Fed started slowing its balance sheet shrinking (QT) from $95 billion to $60 billion a month at the beginning of June.

Bond markets continue to make history and I predict the upcoming recession / depression will be blamed on Trump during his second term.

[Anonymous]

Well, not a recession. That's inconvemient language.

Democrats will redefine the term.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wut?

Funny, I can think of like 20 places in Manhatten to get a $5 ice cream cone. I can also think of about a thousand places to get a pint of Ben and Jerrys there for under $6.

No, actually you can't.

[Anonymous]

Full page ad. This is what California's minimum wage hikes are doing.

https://cabia.org/app/uploads/240604_CABIA_USATodayAd_InMemoriam-1.pdf

[Anonymous]

Anonymous wrote:

Anonymous wrote:They can’t figure out why in this “great economy” voters say things are bad.

Our political economy is designed to do well for the top 15% and to give the lions share of gains to the top 1% while most of the left center elite looks to lower living standards for the majority.

That is why the democrats have more social safety net programs, more tax reduction for lower and middle classes and more child and other tax credits for middle and lower incomes?

Because what you are describing is exactly what the GOP did in 2017 by passing a massive upper class tax cut and sticking the country with a 25% increase in the national debt.

There’s nothing for the middle class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They can’t figure out why in this “great economy” voters say things are bad.

Our political economy is designed to do well for the top 15% and to give the lions share of gains to the top 1% while most of the left center elite looks to lower living standards for the majority.

That is why the democrats have more social safety net programs, more tax reduction for lower and middle classes and more child and other tax credits for middle and lower incomes?

Because what you are describing is exactly what the GOP did in 2017 by passing a massive upper class tax cut and sticking the country with a 25% increase in the national debt.

There’s nothing for the middle class.

Define middle class.

[Anonymous]

Anonymous wrote:Full page ad. This is what California's minimum wage hikes are doing.

https://cabia.org/app/uploads/240604_CABIA_USATodayAd_InMemoriam-1.pdf

They just want to exploit and underpay workers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm loving seeing the receipts being brought.

ACTUAL DATA instead of bogus right wing talking points.

Prices and inflation are up, as is the unemployment rate.

Prices being up = inflation. And then...

In terms of the unemployment rate, it went up a whopping .01% last month. It is still the longest sustained job growth in modern American history and better than Trump's administration.

[Anonymous]

Today I was talking to this lady, I told her Trump price will lower the prices of food till 2020 levels. He will do what he has to do for us. he loves helping us. and the of the day she said, "oK STOp following me to my car" I know she heard me and hope she votes for Trump

[Anonymous]

Anonymous wrote:The US Treasury yield curve has been inverted for 702 days, the longest streak in bond market history. The difference between 10-year and 2-year Treasuries has turned negative on July 6, 2022, 22 months ago.

The previous record was made in the late 1970s and lasted for 624 days starting in August 1978.

In the past, each time when the yield curve inverted and then un-inverted a recession followed.

Meanwhile, the Fed started slowing its balance sheet shrinking (QT) from $95 billion to $60 billion a month at the beginning of June.

Bond markets continue to make history and I predict the upcoming recession / depression will be blamed on Trump during his second term.

I 100% agree with and endorse this analysis.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Full page ad. This is what California's minimum wage hikes are doing.

https://cabia.org/app/uploads/240604_CABIA_USATodayAd_InMemoriam-1.pdf

They just want to exploit and underpay workers.

Not to worry. Now they'll be unemployed.

[Anonymous]

Japan's debt to GDP is 200% (US at 135%). If you want to see where we are going, just look to Japan...

[Anonymous]

Anonymous wrote:Full page ad. This is what California's minimum wage hikes are doing.

https://cabia.org/app/uploads/240604_CABIA_USATodayAd_InMemoriam-1.pdf

This is why Gavin Newsom will never be president.
Restaurants have cut 10,000 jobs since the $20 minimum wage has gone into effect.
Who didn't see this coming?

[Anonymous]

restaurant?