Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:Seattle mandates a delivery fee of $4.99 on Uber Eats orders and deliveries crash 45%.

Yeah, couldn't see that coming.

https://www.wsj.com/business/hospitality/delivery-drivers-got-higher-wages-now-theyre-getting-fewer-orders-d2e416c0

Which has nothing to do with the economy and everything to do with an unsustainable business model.

The unsustainable is a government entity throwing out mandates from an ivory tower.

[Anonymous]

Long (10 min) but worth it. Trump's business community support is all a sham.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seattle mandates a delivery fee of $4.99 on Uber Eats orders and deliveries crash 45%.

Yeah, couldn't see that coming.

https://www.wsj.com/business/hospitality/delivery-drivers-got-higher-wages-now-theyre-getting-fewer-orders-d2e416c0

Which has nothing to do with the economy and everything to do with an unsustainable business model.

The unsustainable is a government entity throwing out mandates from an ivory tower.

Such as?

[Anonymous]

[Anonymous]

Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

[Anonymous]

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Fake news blah blah blah. Look at the stock market. Our family is thriving!

[Anonymous]

Here’s how bad housing affordability is now

CNBC, June 25, 2024

Prices in April rose 6.3% compared with April 2023, according to the S&P CoreLogic Case-Shiller National Home Price Index.

Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income.

Half of all renter households — more than 22 million — spent more than 30% of their income on housing this year, which is considered “cost burdened.”

Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing market is unlike any other in recent history.

Prices in April rose 6.3% compared with the year-earlier month, according to the S&P CoreLogic Case-Shiller National Home Price Index. It marks the second straight month that the national index jumped at least 1% over its previous all-time high.

Although this is a three-month moving average, it’s important to note that those price gains come even as the average rate on the 30-year fixed mortgage jumped sharply in April, from 6.9% to 7.5%, according to Mortgage News Daily.

https://www.cnbc.com/2024/06/25/housing-affordability-price-mortgage-rates.html

[Anonymous]

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

[Anonymous]

Anonymous wrote:Here’s how bad housing affordability is now

CNBC, June 25, 2024

Prices in April rose 6.3% compared with April 2023, according to the S&P CoreLogic Case-Shiller National Home Price Index.

Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income.

Half of all renter households — more than 22 million — spent more than 30% of their income on housing this year, which is considered “cost burdened.”

Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing market is unlike any other in recent history.

Prices in April rose 6.3% compared with the year-earlier month, according to the S&P CoreLogic Case-Shiller National Home Price Index. It marks the second straight month that the national index jumped at least 1% over its previous all-time high.

Although this is a three-month moving average, it’s important to note that those price gains come even as the average rate on the 30-year fixed mortgage jumped sharply in April, from 6.9% to 7.5%, according to Mortgage News Daily.

https://www.cnbc.com/2024/06/25/housing-affordability-price-mortgage-rates.html

Which is why the Biden Administration has provided billions in block grants for housing, but they can't get built overnight. What did the GOP do for housing affordability?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Here’s how bad housing affordability is now

CNBC, June 25, 2024

Prices in April rose 6.3% compared with April 2023, according to the S&P CoreLogic Case-Shiller National Home Price Index.

Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income.

Half of all renter households — more than 22 million — spent more than 30% of their income on housing this year, which is considered “cost burdened.”

Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing market is unlike any other in recent history.

Prices in April rose 6.3% compared with the year-earlier month, according to the S&P CoreLogic Case-Shiller National Home Price Index. It marks the second straight month that the national index jumped at least 1% over its previous all-time high.

Although this is a three-month moving average, it’s important to note that those price gains come even as the average rate on the 30-year fixed mortgage jumped sharply in April, from 6.9% to 7.5%, according to Mortgage News Daily.

https://www.cnbc.com/2024/06/25/housing-affordability-price-mortgage-rates.html

Which is why the Biden Administration has provided billions in block grants for housing, but they can't get built overnight. What did the GOP do for housing affordability?

Biden does nothing for affordability. The builder pockets that sweet tax payer sugar and jacks up the price more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

Price controls do nothing except cause shortages. You will not tell a food provider what they can sell, how much they can sell, and at what price. They simply stop producing the good (or sell it overseas), and you can't force them to make product.

Are you really this dumb? You think your soviet-style tactics will work? Get real.

[Anonymous]

Rational economics and progressive paths never cross. They're economically illiterate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

This is bs. The only people benefitting are the bottom feeders dependent on the government to live.

The middle class is being systemically destroyed by the demonrats. This is by design.

[Anonymous]

Inflation is not a real thing, huh? Job outlook is wonderful, huh?

You're being lied to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

Price controls do nothing except cause shortages. You will not tell a food provider what they can sell, how much they can sell, and at what price. They simply stop producing the good (or sell it overseas), and you can't force them to make product.

Are you really this dumb? You think your soviet-style tactics will work? Get real.

We basically have monopolies in this country, which is antithetical to pure capitalism. As such, there have to be guardrails, otherwise we see companies raping consumers, which is what we are seeing now, and people like you are falling for it.