Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:‘Unsustainable;’ Reports show U.S. middle class is getting smaller, poverty line on the rise
By WHIO Staff | June 07, 2024

The U.S. middle class is getting smaller and the number of Americans falling toward poverty is on the rise.

As reported on News Center 7 at 5:30, more and more people are falling toward poverty as prices rise.

“Most people have seen their wages go up a little and go up over time, but they’re not enough to compensate for the higher prices,” Dr. Michael Walden, an Economist at North Carolina State University said.

According to a recent report from the Pew Research Center, in 1971, 61% of the nation was middle class. As of 2023, that number has dropped to 51%.

Continues: https://www.whio.com/news/local/unsustainable-reports-show-us-middle-class-is-getting-smaller-poverty-line-rise/J2A2DSZRZJHSHHRVLJWPFIJX74/

What is the GOP plan?

Change the tax code to a user VAT tax which hist lower and middle classes disproportionately. Continue tax cuts for businesses and the wealthy.

How does that not continue to exacerbate the problem?

At least the democrats are trying.

Trump told the House GOP today that he wants to replace income taxes with tariffs on imports.

Thereby increasing the budget deficit by additional trillions.

[Anonymous]

Anonymous wrote:I can't get over the fact, that in 1998 I paid $9.99 for TBONE steak at a restaurant with soda and tip the total was like $13.00 The soda was just 1.00. $2 TIP WAS A LOT back then. I remember back in like 1990s I gave someone $5 tip and they said THANK YOU. The other day the total was $100 and I gave them a $5 tip and they gave death look. I told her when I was your age $5 was a lot of money.

. Things that did not happen.
LOL

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:‘Unsustainable;’ Reports show U.S. middle class is getting smaller, poverty line on the rise
By WHIO Staff | June 07, 2024

The U.S. middle class is getting smaller and the number of Americans falling toward poverty is on the rise.

As reported on News Center 7 at 5:30, more and more people are falling toward poverty as prices rise.

“Most people have seen their wages go up a little and go up over time, but they’re not enough to compensate for the higher prices,” Dr. Michael Walden, an Economist at North Carolina State University said.

According to a recent report from the Pew Research Center, in 1971, 61% of the nation was middle class. As of 2023, that number has dropped to 51%.

Continues: https://www.whio.com/news/local/unsustainable-reports-show-us-middle-class-is-getting-smaller-poverty-line-rise/J2A2DSZRZJHSHHRVLJWPFIJX74/

What is the GOP plan?

Change the tax code to a user VAT tax which hist lower and middle classes disproportionately. Continue tax cuts for businesses and the wealthy.

How does that not continue to exacerbate the problem?

At least the democrats are trying.

Trump told the House GOP today that he wants to replace income taxes with tariffs on imports.

Thereby increasing the budget deficit by additional trillions.

Trump is so colossally stupid.

And every republican that whines about inflation and supports this is equally stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I can't get over the fact, that in 1998 I paid $9.99 for TBONE steak at a restaurant with soda and tip the total was like $13.00 The soda was just 1.00. $2 TIP WAS A LOT back then. I remember back in like 1990s I gave someone $5 tip and they said THANK YOU. The other day the total was $100 and I gave them a $5 tip and they gave death look. I told her when I was your age $5 was a lot of money.

You provided a 5% tip in 2024 and wonder why you got a stare?

Min $20, my friend.

,
DP. Minimum is $18, my friend. However, if congress pushes through Trump's proposal of tax-free tips, I will certainly reduce what I give in tips.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I can't get over the fact, that in 1998 I paid $9.99 for TBONE steak at a restaurant with soda and tip the total was like $13.00 The soda was just 1.00. $2 TIP WAS A LOT back then. I remember back in like 1990s I gave someone $5 tip and they said THANK YOU. The other day the total was $100 and I gave them a $5 tip and they gave death look. I told her when I was your age $5 was a lot of money.

You provided a 5% tip in 2024 and wonder why you got a stare?

Min $20, my friend.

,
DP. Minimum is $18, my friend. However, if congress pushes through Trump's proposal of tax-free tips, I will certainly reduce what I give in tips.

I though he said no one was going to pay anymore taxes............................................................
Not sure how what will work out but you gotta lie a lot sometimes and some people will believe you..

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:‘Unsustainable;’ Reports show U.S. middle class is getting smaller, poverty line on the rise
By WHIO Staff | June 07, 2024

The U.S. middle class is getting smaller and the number of Americans falling toward poverty is on the rise.

As reported on News Center 7 at 5:30, more and more people are falling toward poverty as prices rise.

“Most people have seen their wages go up a little and go up over time, but they’re not enough to compensate for the higher prices,” Dr. Michael Walden, an Economist at North Carolina State University said.

According to a recent report from the Pew Research Center, in 1971, 61% of the nation was middle class. As of 2023, that number has dropped to 51%.

Continues: https://www.whio.com/news/local/unsustainable-reports-show-us-middle-class-is-getting-smaller-poverty-line-rise/J2A2DSZRZJHSHHRVLJWPFIJX74/

What is the GOP plan?

Change the tax code to a user VAT tax which hist lower and middle classes disproportionately. Continue tax cuts for businesses and the wealthy.

How does that not continue to exacerbate the problem?

At least the democrats are trying.

Trump told the House GOP today that he wants to replace income taxes with tariffs on imports.

That’ll tame inflation and the deficit /s

What's your complaint?

Biden sharply hikes US tariffs on an array of Chinese imports
By Trevor Hunnicutt and Steve Holland
May 14, 2024 | Reuters

https://www.reuters.com/markets/us/biden-sharply-hikes-us-tariffs-billions-chinese-chips-cars-2024-05-14/

[Anonymous]

Truth

[Anonymous]

Anonymous wrote:Truth

In your world the president sets prices for private sector goods?

[Anonymous]

Anonymous wrote:Truth

Nope.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:‘Unsustainable;’ Reports show U.S. middle class is getting smaller, poverty line on the rise
By WHIO Staff | June 07, 2024

The U.S. middle class is getting smaller and the number of Americans falling toward poverty is on the rise.

As reported on News Center 7 at 5:30, more and more people are falling toward poverty as prices rise.

“Most people have seen their wages go up a little and go up over time, but they’re not enough to compensate for the higher prices,” Dr. Michael Walden, an Economist at North Carolina State University said.

According to a recent report from the Pew Research Center, in 1971, 61% of the nation was middle class. As of 2023, that number has dropped to 51%.

Continues: https://www.whio.com/news/local/unsustainable-reports-show-us-middle-class-is-getting-smaller-poverty-line-rise/J2A2DSZRZJHSHHRVLJWPFIJX74/

What is the GOP plan?

Change the tax code to a user VAT tax which hist lower and middle classes disproportionately. Continue tax cuts for businesses and the wealthy.

How does that not continue to exacerbate the problem?

At least the democrats are trying.

Trump told the House GOP today that he wants to replace income taxes with tariffs on imports.

That’ll tame inflation and the deficit /s

What's your complaint?

Biden sharply hikes US tariffs on an array of Chinese imports
By Trevor Hunnicutt and Steve Holland
May 14, 2024 | Reuters

https://www.reuters.com/markets/us/biden-sharply-hikes-us-tariffs-billions-chinese-chips-cars-2024-05-14/

Don’t agree with Biden’s protectionism of U.S. jobs but at least Biden is only imposing tariffs on the sectors of the future. Trump will impose tariffs on all imports from China and Chinese owned companies in Mexico and the EU. Plus Trump wants to lower the corporate tax rate even further, and maybe get rid of taxes altogether.

As a former republican, Trump’s ideas are not conservative. They are stupid and will unleash uncontrollable inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Did you complain about the 25% increase in debt under the Trump administration? What did the US get for that bump? Because we can at least justify the Biden increase in the jobs created under the IRA and CHIPs Acts.

DEI killed the CHIPS Act
by Matt Cole and Chris Nicholson
03/07/24 | The Hill

DEI — the identity-obsessed dogma that goes by “diversity, equity, and inclusion” — has now trained Google’s new AI to refuse to draw white people. What’s even more alarming is that it’s also infected the supply chain that makes the chips powering everything from AI to missiles, endangering national security.

The Biden administration recently promised it will finally loosen the purse strings on $39 billion of CHIPS Act grants to encourage semiconductor fabrication in the U.S. But less than a week later, Intel announced that it’s putting the brakes on its Columbus factory. The Taiwan Semiconductor Manufacturing Company (TSMC) has pushed back production at its second Arizona foundry. The remaining major chipmaker, Samsung, just delayed its first Texas fab.

This is not the way companies typically respond to multi-billion-dollar subsidies. So what explains chipmakers’ apparent ingratitude? In large part, frustration with DEI requirements embedded in the CHIPS Act.

Commentators have noted that CHIPS and Science Act money has been sluggish. What they haven’t noticed is that it’s because the CHIPS Act is so loaded with DEI pork that it can’t move.

More: https://thehill.com/opinion/4517470-dei-killed-the-chips-act/

[Anonymous]

Trump voters aren't ready to admit that his COVID panic spending fueled a lot of the inflation that happened after Biden's appointment. Biden voters aren't ready to admit that the illegal immigration is going to lead to unsustainable deficits in the medium term.

Inflation is the only solution to the structural problems.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:‘Unsustainable;’ Reports show U.S. middle class is getting smaller, poverty line on the rise
By WHIO Staff | June 07, 2024

The U.S. middle class is getting smaller and the number of Americans falling toward poverty is on the rise.

As reported on News Center 7 at 5:30, more and more people are falling toward poverty as prices rise.

“Most people have seen their wages go up a little and go up over time, but they’re not enough to compensate for the higher prices,” Dr. Michael Walden, an Economist at North Carolina State University said.

According to a recent report from the Pew Research Center, in 1971, 61% of the nation was middle class. As of 2023, that number has dropped to 51%.

Continues: https://www.whio.com/news/local/unsustainable-reports-show-us-middle-class-is-getting-smaller-poverty-line-rise/J2A2DSZRZJHSHHRVLJWPFIJX74/

What is the GOP plan?

Change the tax code to a user VAT tax which hist lower and middle classes disproportionately. Continue tax cuts for businesses and the wealthy.

How does that not continue to exacerbate the problem?

At least the democrats are trying.

Trump told the House GOP today that he wants to replace income taxes with tariffs on imports.

Thereby increasing the budget deficit by additional trillions.

Trump is so colossally stupid.

And every republican that whines about inflation and supports this is equally stupid.

I don’t think anyone believes that Republicans care about inflation, especially since most of the “inflation” that we’ve experienced has just been corporations price gouging average Americans. They love this crap. It gives them an election talking point plus insane profits; it’s all they’ve ever wanted!

[Anonymous]

Anonymous wrote:Trump voters aren't ready to admit that his COVID panic spending fueled a lot of the inflation that happened after Biden's appointment. Biden voters aren't ready to admit that the illegal immigration is going to lead to unsustainable deficits in the medium term.

Inflation is the only solution to the structural problems.

Biden was going to sign the GOP’s dream immigration act until the GOP killed it because a convict told them to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:‘Unsustainable;’ Reports show U.S. middle class is getting smaller, poverty line on the rise
By WHIO Staff | June 07, 2024

The U.S. middle class is getting smaller and the number of Americans falling toward poverty is on the rise.

As reported on News Center 7 at 5:30, more and more people are falling toward poverty as prices rise.

“Most people have seen their wages go up a little and go up over time, but they’re not enough to compensate for the higher prices,” Dr. Michael Walden, an Economist at North Carolina State University said.

According to a recent report from the Pew Research Center, in 1971, 61% of the nation was middle class. As of 2023, that number has dropped to 51%.

Continues: https://www.whio.com/news/local/unsustainable-reports-show-us-middle-class-is-getting-smaller-poverty-line-rise/J2A2DSZRZJHSHHRVLJWPFIJX74/

What is the GOP plan?

Change the tax code to a user VAT tax which hist lower and middle classes disproportionately. Continue tax cuts for businesses and the wealthy.

How does that not continue to exacerbate the problem?

At least the democrats are trying.

Trump told the House GOP today that he wants to replace income taxes with tariffs on imports.

Thereby increasing the budget deficit by additional trillions.

Trump is so colossally stupid.

And every republican that whines about inflation and supports this is equally stupid.

I don’t think anyone believes that Republicans care about inflation, especially since most of the “inflation” that we’ve experienced has just been corporations price gouging average Americans. They love this crap. It gives them an election talking point plus insane profits; it’s all they’ve ever wanted!

Why did corporations wait until the Biden administration to price gouge if it is so easy to do?