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Because half the country lives in an alternate reality. “Don’t Blame Me - I Voted for Trump” signs have been up in parts of the country since May. MAY. Ya know, when Covid was at an all time low, and the vaccines were finally easy to access. They’ve been living in an echo chamber for years. These are the same people who were so grateful that Hillary Clinton wasn’t in charge at the beginning of the pandemic. Yep, they preferred a reality TV con man to lead this country through our biggest existential threat in 50 years. Trump inherited Obama’s economy. Funny how many Americans didn’t “feel” good about it until Trump took over. I don’t think they can be persuaded or convinced at this point. |
| WSJ really buried that article. It doesn’t come up on the app or mobile website unless you know exactly what to look for. Also, they filed it under the “world” section instead of the Economy or US section, they really want it gone. Wonder if the author will still have a job in a few months for reporting too many facts! |
Alternate truth..... times are not as good as this administration touts. Wages may be up, but inflation is up even more making real wages fall. Gas prices are up significantly. You cannot possibly claim that Biden's actions and EO's have not had an impact on fuel prices. Covid is not under control, despite Biden's promise to "shut it down." We still have Americans and Afghan allies trapped in Afghanistan. Our border is a disaster. More migrants than ever before and more fentanyl than ever before. And, yes, it affects all citizens... not just border towns. And, crime..... crime is rampant. This is all on Biden. |
I paid 3.19 for gas yesterday. Lowest ever? No. As high as I was paying in 2005? No. I was reading economists were predicting inflation over a year ago ( before Biden took office), and while I wasn’t excited about it, there was considerable speculation that we could crater into a depression without it. I don’t like inflation, but I REALLY didn’t want the country to sink into a depression. I’m boosted. My kindergartner is vaccinated. I’m not living in fear of Covid anymore, although I was glad to see the FDA has authorized use of an at home anti viral. That’s great. I’m nothing but relieved we are out of Afghanistan, but thank you for reminding me to donate to a refuge charity this Christmas. I’m not happy about the border, but I’m not willing to see our government kidnap and torture children to solve the problem. Crime isn’t up in my community. Happy Holidays! |
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While the Administration says it is address the supply chain in Los Angeles, in fact they're parking ships further out of the view of the shore.
https://nypost.com/2021/12/10/ships-bound-for-backlogged-california-ports-forced-out-to-sea-report/ |
Reality
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that article is 2 weeks old. Articles from the last week are quoting CEO and Port Masters that the problem is largely solved. Keep up. |
🤡 New York Post from weeks ago. Again, join us in reality. “Major U.S. ports are processing almost one-fifth more container volume this year than they did in 2019, even as volumes at major European ports like Hamburg and Rotterdam are roughly flat or lag behind 2019 levels. The busiest U.S. container ports are leaping ahead of their counterparts in Asia and Europe in global rankings as volumes surge, according to shipping data provider Alphaliner.” https://www.wsj.com/articles/booming-u-s-economy-ripples-world-wide-straining-supply-chains-and-driving-up-prices-11640082604 |
| Inflation is not due to the economy doing well. We are about to raise rates and when it the Fed does and turns off free money the stock market will crater due to the over use of margin leverage which has exploded as people stay at home and day trade, including during their day job. House prices are going to skyrocket and wages will not keep up. |
| Another data point released this morning - November consumer spending slowed in November. (0.6% vs 1.4% in October). Thanks Joe! |
Rates should have been raised 5 years ago. It has been a free ride for the 1% all through the Trump years. But sure, it's all Biden's fault. |
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When Biden took office, 880,000 people each week were filing for unemployment
This week, that's down to 205,000. Overall, the US had 20m+ on unemployment a year ago, today, that's under 2m. Yes, that is going to put inflationary pressure on the economy. The opposite of this is a continued recession. Pick one. Recession or Inflation. Those are the two options. Personally, I prefer our country rebound from the disaster the GOP left and move in the right direction. I guess you prefer a continued recession. |