Biden’s economy

[Anonymous]

Anonymous wrote:But many of these low wage workers are working less hours… not by choice. My DD is a hostess and her hours have been drastically reduced. The restaurant doesn’t even staff a hostess at lunch, just dinner and frequently release her an hour early and the manager covers till closing. She went from 40+ hours a week to less than 30. She makes $1.50 more per hour. She was trying to get a 2nd part time job but no one is hiring

This just means that your DD can now apply for jobs that earn more than that crap wage. This is good, actually.

[Anonymous]

[Anonymous]

The typical American household spends about $768 more monthly on goods and services these days compared to 2020 because of inflation, said Mark Zandi, chief economist of Moody's Analytics.

[Anonymous]

Rut Ruh...

BREAKING: June PPI inflation RISES to 2.6%, above expectations of 2.3%.

Core PPI inflation RISES to 3.0%, above expectations of 2.5%.

PPI inflation is now up in 4 out of the last 5 months, even as CPI is declining.

Rate cut hopes be getting too optimistic again?

[Anonymous]

Anonymous wrote:

Geez, even the WSJ is admitting that Trump is a disaster for the economy

[Anonymous]

Anonymous wrote:Rut Ruh...

BREAKING: June PPI inflation RISES to 2.6%, above expectations of 2.3%.

Core PPI inflation RISES to 3.0%, above expectations of 2.5%.

PPI inflation is now up in 4 out of the last 5 months, even as CPI is declining.

Rate cut hopes be getting too optimistic again?

It's under 3% moron. It's also going to fluctuate from month to month. Now, let's look at the trends: https://bonddad.blogspot.com/2024/07/a-somnolent-consumer-price-report-with.html

When we strip out shelter, all other items declined -0.1% for the month, again after being unchanged in May, and are only up 1.8% YoY - the 14th month in a row they have been up less than 2.5% YoY. In other words, properly measured, inflation continues not to be a problem at all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Geez, even the WSJ is admitting that Trump is a disaster for the economy

Oh and Debt and Deficits got dropped from the GOP Party Platform. Party of fiscal responsibility please.

“I am really shocked that the party that I grew up with is now a party that doesn’t think that debt and deficits matter,” said G. William Hoagland, the former top budget expert for Senate Republicans. “We’ve got a deficit deficiency syndrome going on in our party.”

[Anonymous]

[Anonymous]

Project 2025 would overhaul the U.S. tax system: “Millions of U.S. households earning less than $168,000 would likely face higher taxes with a 15% rate."
https://www.cbsnews.com/news/project-2025-tax-trump-economy-heritage-foundation-how-it-works/

[Anonymous]

Anonymous wrote:Project 2025 would overhaul the U.S. tax system: “Millions of U.S. households earning less than $168,000 would likely face higher taxes with a 15% rate."
https://www.cbsnews.com/news/project-2025-tax-trump-economy-heritage-foundation-how-it-works/

You mean more than 50% of the US population would owe federal taxes again?

That would be a good thing. More than 50% getting a federal free ride has been a disaster for this country since the Democratic Party set it as a goal to draw in lower class voters. Expand the lower classes, buy more votes, but decrease participation in the tax base. Failure.

[Anonymous]

We have never had so many citizens on the public dole as we have today. People making 6 figures with Ivy League master’s degrees getting financial windfalls from the federal tax base.

Yes, I have a HUGE problem with that. It is happening now, and every single time any of you hear “student loan forgiveness”, that’s the picture you should have in your mind because that’s the reality. AMHIK.

[Anonymous]

I actually voted for Biden in 2020 but everything CNN posts about “Project 2025” actually makes sense to me- at least the economic policy which is the only section I read.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Project 2025 would overhaul the U.S. tax system: “Millions of U.S. households earning less than $168,000 would likely face higher taxes with a 15% rate."
https://www.cbsnews.com/news/project-2025-tax-trump-economy-heritage-foundation-how-it-works/

You mean more than 50% of the US population would owe federal taxes again?

That would be a good thing. More than 50% getting a federal free ride has been a disaster for this country since the Democratic Party set it as a goal to draw in lower class voters. Expand the lower classes, buy more votes, but decrease participation in the tax base. Failure.

Idiocy. They are the working poor, already subsisting from paycheck to paycheck. They don't have anything left to give to the government coffers.
Not to mention, Trump's tariffs and getting rid of migrant workers at farms and meat plants and everywhere else will make the cost of their groceries and household goods skyrocket. You will see a massive increase in the number of homeless with that plan.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Project 2025 would overhaul the U.S. tax system: “Millions of U.S. households earning less than $168,000 would likely face higher taxes with a 15% rate."
https://www.cbsnews.com/news/project-2025-tax-trump-economy-heritage-foundation-how-it-works/

You mean more than 50% of the US population would owe federal taxes again?

That would be a good thing. More than 50% getting a federal free ride has been a disaster for this country since the Democratic Party set it as a goal to draw in lower class voters. Expand the lower classes, buy more votes, but decrease participation in the tax base. Failure.

Idiocy. They are the working poor, already subsisting from paycheck to paycheck. They don't have anything left to give to the government coffers.
Not to mention, Trump's tariffs and getting rid of migrant workers at farms and meat plants and everywhere else will make the cost of their groceries and household goods skyrocket. You will see a massive increase in the number of homeless with that plan.

People making 168k are poor to you?

You need to leave the country club dining room and buy something in a store that’s not Hermes occasionally.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Project 2025 would overhaul the U.S. tax system: “Millions of U.S. households earning less than $168,000 would likely face higher taxes with a 15% rate."
https://www.cbsnews.com/news/project-2025-tax-trump-economy-heritage-foundation-how-it-works/

You mean more than 50% of the US population would owe federal taxes again?

That would be a good thing. More than 50% getting a federal free ride has been a disaster for this country since the Democratic Party set it as a goal to draw in lower class voters. Expand the lower classes, buy more votes, but decrease participation in the tax base. Failure.

“By comparison, a married couple with two children and earnings of $5 million a year would enjoy a $325,000 tax cut, he estimated.”