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Biden’s economy
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Anonymous
Keep telling yourself that. |
Anonymous
Why are you citing a stock pricing metric and ignoring the plain facts that their revenues and profits are up and at record highs? |
Anonymous
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Anonymous
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Spending doesn't mean crap.
Seriously, read the "The Problem With Everything-Bagel Liberalism" in The New York Times by Ezra Klein. The Chips Act is a dud and so is the Inflation Reduction Act thanks to mismanagement by Uncle Sam. |
Anonymous
Anonymous
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Meanwhile in California, all the job growth in 2023 has been revised down to ZERO! Blue states and the Feds are cooking the numbers.
https://lao.ca.gov/LAOEconTax/Article/Detail/783 |
Anonymous
| Our economy is doing as well as it's done in at least 50 years. |
Anonymous
The truth is that the benefits of the economy have not been distributed evenly through the country. Areas governed by Republicans tend to be poor, less educated, and losing ground on educational attainment. Areas governed by Democrats tend to be wealthier and better educated. Areas with well educated citizens tend to attract more economic activity even as areas with less educated people (mostly rural) tends to see economic activity declining. And it's going to keep going this way, despite Biden's best efforts to direct government funding to rural areas. |
Anonymous
Here’s some math for you: Trump ran up the national debt twice as much as Biden. https://www.axios.com/2024/06/24/trump-biden-debt-deficits-election |
Anonymous
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At the end of the day, we're the richest nation on earth by a considerable margin. There's no way that we can't afford the stuff that other countries manage to afford.
If you see something nice that another country does for its citizens, that's proof that we're wealthy enough to afford it for ourselves if we wanted to. Good schools? Universal health care? Plenty of vacation time? Public transportation? We could have it all. The catch is that, if we have those things, we might not also have the richest rich people in the world. But that's a sacrifice I'm willing to make! |
Anonymous
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Texas logistics company with 500 truck drivers abruptly ceases operations
Private equity firm Ten Oaks Group acquired U.S. Logistics Solutions, formerly Forward Air Solutions, in 2021 About 2,000 truck drivers, warehouse and dock workers, and office personnel of Humble, Texas-based U.S. Logistics Solutions (USLS), formerly Forward Air Solutions, say they were blindsided late Thursday when they were notified via conference calls or by text messages that the company was ceasing operations and that they would not receive paychecks Friday. Eric Culberson, former president of USLS, confirmed the closure in a LinkedIn post on Saturday, stating that thousands of workers were without jobs after the company’s owner, private equity firm Ten Oaks Group, headquartered in Charlotte, North Carolina, shuttered operations. https://www.freightwaves.com/news/texas-logistics-company-with-500-truck-drivers-abruptly-ceases-operations |
Anonymous
I bolded the issue for you. Do you not know anything about what private equity does? Here, this story about Bain Capital should job your memory. |
Anonymous
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Private equity acquires businesses, loads them up with debt to fund the acquisition, and then hollows out the company, selling it off for parts.
That's what Red Lobster is struggling with. Some private equity firm acquired the chain and then paid themselves back by selling off the real estate Red Lobster owned, forcing the stores to then enter into lease agreements with the new real estate owners at inflated rental prices. |