Congratulations to the Dow hitting 40,0000
Comments
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Same guy from that video about MMT I posted last week.
The question that Cavuto should be asking is, if the conditions for inflation to rise were in place when he took office (I'd argue that is true), why didn't he take aggressive steps to prevent it from coming to fruition instead of pouring more gasoline on the fire while still pretending at that time that it was transitory and would go away on its own?
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What is the functional difference between a lying Jew economic advisor to the dementia patient and buck, mello or Fern?
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You know that when a guy like this comes on here bragging about how wonderful the economy is and when pressed gives the excuse that America wasn't the only one who had a bad economy, that he is either stupid or lying. I will let everyone take their pick. You can't have it both ways.
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Let me help you there Bob as you might be struggling:
https://www.visualcapitalist.com/g20-inflation-rates-feb-2024-vs-covid-peak/
Looks like all countries took that huge pickup in inflation numbers. Was that Biden's fault?
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Link is in my signature….post number 3. Derek, please go ahead and provide Pawz with your Venmo.
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So what part of what I said was false? Roughly 1/3 to 1/2 of the G20 performed better than US did on inflation, by your own numbers.
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They all spiked Bob and the spike is what you guys are bitching about. Its not like 1/3 to 1/2 of the G20 remained at 2% inflation, they all were impacted. And since they all spiked, I didnt realize the Build Back Better legislation impacted the entire G20 where it spiked their inflation too. You guys sure THAT was the main root cause of inflation if the rest of the G20 spiked?
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Whatever happens in the US economy happens everywhere. The reverse is not true. We could have prevented our spike and chose not to.
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Boy thats a weak convenient argument. This is just like the "machines were rigged….we just can't find evidence of it"!
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Which part is weak? That the US economy and more specifically the dollar dominates the rest of the world or that we couldn't have prevented 9% inflation with preemptive actions?
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But Mommy, they had a bad economy too.
Jeezus, grow up Junior.
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When America sneezes the world catches a cold
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Preemptive actions should have happened A LONG LONG time ago. Like 2014ish was the time to preempt it. It doesn't help that around 2017 we have a President that insisted on lowering rates into a hot economy. If you wanted preemption, those were the times for it. Note who im pointing the blame at evenly before you accuse me of being a political hack like you guys.
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Regardless of what he inherited, Biden totally misread the situation and dumped $2 trillion in stimulus onto the situation in his first month in office and wouldn't acknowledge the obvious systemic inflation for a year after that. So he was either retarded or didn't care, I'll let you decide.
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Biden's social media team hate his guts. Did no one say hey wait a minute?
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The lying Jew didn't wear a skirt!
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You obviously don’t understand how URLs work around here. I’m not wading through that fucking thread agin. You find me the post where I made a firm commitment. Until this is provided, for the board to judge for itself, you can kindly GFY.
And Derek, since HuskyBuck is asking for your Venmo, would mind telling him I’m already responsible for thousands of dollars in revenue to this site - via personal donation or fundraising (Hondo, etc)? TIA.
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Thousands in revenue.
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Willfull contribution to the community.
#facts
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I respect it. Thousands is real dough. You're doing a great service for our people.
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Lol keep bumping this thread
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In all fairness, that came on the heels of Trump dumping stimulus on America too but somehow that eluded your analysis.
You may not like it, but throughout Biden's term economists have been bracing for a recession that has never happened. Why is that? You should be kissing that man's hairy beanbag for guiding the economy through tough times.
And again, I guarantee you all are doing better than you were four years ago….4 dollar increase in Waste Management bill not withstanding
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So Trump made Joe sign the $2 trillion stimulus? Does he have no agency?
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And again, I guarantee you all are doing better than you were four years ago
This is why you rats are worthless to have a conversation with. You just ignore reality. No one is better off than 4 years ago when it comes to the economy, with the exception of the top 5%.
You just ignore the cost of living and the cash that has just disappeared from millions of families wallets. They will never get that back. Ever.
Polling data shows almost 70% believe they are not doing well in the current economy. Credit card debt is way way up. Consumer confidence way down. Part time jobs way up.
Typical rat. Ignore the misery your politics are creating, because, well, because of your politics.
Go ahead and kiss bidens hairy ball sack, you seem to be kneeling in front of him already.
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Ahem.
Maybe YOU didnt better yourself in the past 4 years Bend, but I find that easy to believe given your lack of mastery of finance you've demonstrated on these boards.
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I went back and looked at the first page of that thread. You really are a child if you think telling me (or @Bob_C) to short a stock is any sort of binding wager with you.
For the record, I said I would buy half of Bob’s action. That transaction never commenced because Bob isn’t a fool to listen to your stock trading opinions. And if it did, I can assure you there would be very clear terms and a written agreement. Not because I don’t trust Bob, that’s what adults do.Clown show continues.
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Jeezus, read the articles you post you nitwit. As I said, those that had assets/the wealthy, did well. The uber wealthy are responsible for over something like 35%+ of all net gains. The middle class are underwater. The poor worse off than they have been in decades. Those with no home and cash to invest? Screwed. Those that live pay check to paycheck? Screwed x 3. If you owned a home, odds are the asset appreciated. If you didn't own a home but wanted to, you were shit out of luck as the market priced you out, and oh, your rent went up 20% to add insult to injury.
Again, now listen closely so you can learn something. The overwhelming majority of people cannot afford the inflation and cost of living increases that the country has experienced. Even those who are asset/house rich but cash poor (90% of the people in CA, NY, OR and WA) can't afford what the rats have done to the consumables market. Sure their house appreciated and what little they have in the stock market did great but you aren't going to sell those assets now so you can eat. You have to live on month to month income and that has been a problem for the majority of people. When consumables are going up 7-20%, the majority have zero free cash to invest.
Despite Black families experiencing the largest growth in median net wealth — a 60% bump from 2019 — their 2022 levels remained the lowest among all other racial or ethnic groups, and they also saw incomes falter.
The 37% rise in net worth, which was more than double the next-largest upswing on record, was largely fueled by asset growth — specifically home values and stock market gains that far exceeded consumer price inflation, Fed researchers said.
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Black families have been brainwashed by Foxnews to think they aren't doing so hot.
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“Rich people got richer”
the end
There are only about a half dozen points in the history of our country where you couldn’t say that.Taking a victory lap because a historic buying opportunity in 2020 led to a bunch of billionaires making a shit ton of money over a 3 year stretch means nothing compared to the overall economic health of the country, which has, is, and always will be rooted in the working/middle class.
One has to be a child not to understand this.
