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Post by biminitwisted on Jul 31, 2023 21:46:14 GMT -5
Fellas, Presidents in general have little effect one way or the other on the economy. Historically, the Reagan years tax cuts were good, and the enormous increase in tax revenues subsequently helped Clinton down the road who took credit for a balanced budget. Clinton years....they catastrophically changed lending standards, which let to the housing crash of '06-10. Obama didn't do a thing. Trump did eliminate quite a bit of regulation, and got blinded sided by Fraudchi. Spent billions in stimulus, understandably. Vegetable Joe piled on another $5 trillion, for no reason at all other than to pay off his donors. Then you get massive inflation. The fact that the RATE of INFLATION has slowed still means milk costs more than last year. Hmm, you left off Tax Cuts and Jobs Act (TCJA), a $1.9 trillion tax bill favoring corporations and wealthy Americans. Wonder why, or did you forget who signed that abortion? |
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Post by whitebacon on Jul 31, 2023 21:51:19 GMT -5
Fellas, Presidents in general have little effect one way or the other on the economy. Historically, the Reagan years tax cuts were good, and the enormous increase in tax revenues subsequently helped Clinton down the road who took credit for a balanced budget. Clinton years....they catastrophically changed lending standards, which let to the housing crash of '06-10. Obama didn't do a thing. Trump did eliminate quite a bit of regulation, and got blinded sided by Fraudchi. Spent billions in stimulus, understandably. Vegetable Joe piled on another $5 trillion, for no reason at all other than to pay off his donors. Then you get massive inflation. The fact that the RATE of INFLATION has slowed still means milk costs more than last year. Hmm, you left off Tax Cuts and Jobs Act (TCJA), a $1.9 trillion tax bill favoring corporations and wealthy Americans. Wonder why, or did you forget who signed that abortion? Didn't leave anything off intentionally. Thought I was being fair.. |
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Post by luapnor on Aug 1, 2023 6:22:45 GMT -5
Fellas, Presidents in general have little effect one way or the other on the economy. Historically, the Reagan years tax cuts were good, and the enormous increase in tax revenues subsequently helped Clinton down the road who took credit for a balanced budget. Clinton years....they catastrophically changed lending standards, which let to the housing crash of '06-10. Obama didn't do a thing. Trump did eliminate quite a bit of regulation, and got blinded sided by Fraudchi. Spent billions in stimulus, understandably. Vegetable Joe piled on another $5 trillion, for no reason at all other than to pay off his donors. Then you get massive inflation. The fact that the RATE of INFLATION has slowed still means milk costs more than last year. Hmm, you left off Tax Cuts and Jobs Act (TCJA), a $1.9 trillion tax bill favoring corporations and wealthy Americans. Wonder why, or did you forget who signed that abortion? Why do you hate small businesses? It didnt cause massive inflation which is the most harmful thing next to destroying personal liberties like Biden loves to do. |
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Post by luapnor on Aug 1, 2023 11:02:42 GMT -5
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Post by cyclist on Aug 1, 2023 11:24:55 GMT -5
You mean good job Wallgreens!
CVS just spent billions acquiring two health care services. Billions....
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Post by cadman on Aug 1, 2023 11:49:28 GMT -5
Both CVS and Walgreens are transitioning away from the old drugstore model to a new healthcare model with in-store clinics and doctors that will handle everything from your yearly check-up to prescribing drugs and filling prescriptions. Many large doctor's offices already do this. My doctor is part of SIMED and they have in-house pharmacy, labs, MRIs, etc. One-stop health care and that is what CVS and Walgreens want to become.
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Post by oldbastard on Aug 1, 2023 12:24:14 GMT -5
My neighbor was just laid off along with 8,000 others from Ericsson communications.
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Post by misterjr on Aug 1, 2023 12:42:26 GMT -5
Ericsson is an international telecommunications company located is Sweden. They have a 100,000 emoloyees.
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Post by misterjr on Aug 1, 2023 12:53:56 GMT -5
US job openings fell in June to the lowest level since April 2021, suggesting some softening in demand for workers in an otherwise resilient labor market. The number of available positions eased to 9.6 million in June, the Labor Department’s Job Openings and Labor Turnover Survey showed Tuesday, in line with the median estimate in a Bloomberg survey. Hiring fell to the lowest level since February 2021. But layoffs also declined to the lowest since the end of last year, suggesting employers are reticent to let go of staff. That bolsters the message from weekly filings for jobless claims, which have moderated in recent months, and an unemployment rate that remains historically low. www.bloomberg.com/news/articles/2023-08-01/us-job-openings-fall-to-lowest-level-since-april-2021?srnd=premium |
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Post by oldbastard on Aug 1, 2023 15:02:35 GMT -5
Ericsson is an international telecommunications company located is Sweden. They have a 100,000 emoloyees. Ericsson layoffs, affecting 8% of staff, come as tech continues to buckle |
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Post by misterjr on Aug 1, 2023 16:38:13 GMT -5
What's your point?
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Post by conchydong on Aug 1, 2023 16:44:21 GMT -5
Like the song says “nobody is right if everybody is wrong“.
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Post by Captj on Aug 2, 2023 4:17:38 GMT -5
Joe this, Donald that......Neither party has an exclusive on screwing the general populace. As they say, follow the money. Over the last four administrations the rich got much richer and the average wage earner got screwed. I can remember back in the 70's when the government had the balls to put price limits in place to halt the gouging. It worked. Created a black market for some goods, but overall put a halt to the upward spiral of unsupported price increases by the greedy fucks who can and do manipulate market prices. Just look at the record profits by all the oil companies. Food prices as they currently stand have no basis in reality. Sure insurance and energy costs have risen, but when compared to the extreme retail prices at present they are a bargain. The scale of production in our major industries should be acting as a buffer to higher prices, but none of the prior administrations (and I include all lawmakers in Congress) have shown any interest of depriving their major donors of windfall profits. They'd rather get their headlines by bashing each other than doing the work we voted them in for. Very sad that we as a people let ourselves be worked like this.
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Post by biminitwisted on Aug 2, 2023 12:41:52 GMT -5
Joe this, Donald that......Neither party has an exclusive on screwing the general populace. As they say, follow the money. Over the last four administrations the rich got much richer and the average wage earner got screwed. I can remember back in the 70's when the government had the balls to put price limits in place to halt the gouging. It worked. Created a black market for some goods, but overall put a halt to the upward spiral of unsupported price increases by the greedy fucks who can and do manipulate market prices. Just look at the record profits by all the oil companies. Food prices as they currently stand have no basis in reality. Sure insurance and energy costs have risen, but when compared to the extreme retail prices at present they are a bargain. The scale of production in our major industries should be acting as a buffer to higher prices, but none of the prior administrations (and I include all lawmakers in Congress) have shown any interest of depriving their major donors of windfall profits. They'd rather get their headlines by bashing each other than doing the work we voted them in for. Very sad that we as a people let ourselves be worked like this. I like your posts very much, but please consider using the return key every once in a while. TYIA |
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Post by nuevowavo on Aug 2, 2023 14:29:37 GMT -5
My neighbor was just laid off along with 8,000 others from Ericsson communications.
750 in the U.S. Cost cutting after they spent $6.2 billion buying Vonage. Ericsson laid off 10,000 in 2017. I forget who was President then.
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Post by Tarponator on Aug 2, 2023 17:11:35 GMT -5
Lest the anecdotal cherrypickers among us forget recent history:  |
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Post by OhMy on Aug 2, 2023 17:24:35 GMT -5
Credit rating downgrade 2.5 years into this administration.
Anybody try buying a raw skirt steak at Publix lately?
$30/lb.
Inflation under this president is unbelievable.
C'mon Joe Manchin... Get in the damn race.
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Post by misterjr on Aug 2, 2023 17:46:06 GMT -5
I've seen this movie before, the ending is never a surprise. Grocery inflation has fallen to 4.7% year-over-year as of June, down from 13.5% as of August 2022.
Unemployment is 3.6%, lots of people spending.
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Post by biminitwisted on Aug 2, 2023 17:51:05 GMT -5
I've seen this movie before, the ending is never a surprise. Grocery inflation has fallen to 4.7% year-over-year as of June, down from 13.5% as of August 2022. As inflation falls further unemployment, now at 3.6%, may end up rising no further than to 4% Is that a lot? |
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Post by OhMy on Aug 2, 2023 17:55:54 GMT -5
It is.. A lot more since Brandon got into office.
Thank God the fed does not act like the DOJ or inflation would be at 20%
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Post by misterjr on Aug 2, 2023 17:57:45 GMT -5
I've seen this movie before, the ending is never a surprise. Grocery inflation has fallen to 4.7% year-over-year as of June, down from 13.5% as of August 2022. As inflation falls further unemployment, now at 3.6%, may end up rising no further than to 4% Is that a lot? It will be lower next year. |
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Post by OhMy on Aug 2, 2023 18:06:41 GMT -5
I sure hope so.
I hope the prices drop back to where they were prior to Brandon, but I doubt it.
Thank you Joe Manchin for killing the build back better agenda.
If that had gone through, inflation would have been much much worse.
An 80 year old man that has limited days in this life should not be making decisions for future generation.
Same with a 77 year old.
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Post by oldbastard on Aug 2, 2023 18:13:29 GMT -5
Very wise friend
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Post by misterjr on Aug 2, 2023 18:15:57 GMT -5
Build Back Better passed albeit @ $2.2 trillion rather than $3.5 trillion.
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Post by oldbastard on Aug 2, 2023 18:24:27 GMT -5
Phineas J Whoopee you are a genius
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Post by Tarponator on Aug 2, 2023 20:25:28 GMT -5
I sure hope so. I hope the prices drop back to where they were prior to Brandon, but I doubt it. Thank you Joe Manchin for killing the build back better agenda. If that had gone through, inflation would have been much much worse. An 80 year old man that has limited days in this life should not be making decisions for future generation. Same with a 77 year old. Joe Manchin is 75 and if elected president -- you know, the thing you asked for a few posts above -- would be over 80 while in office.
You might want to rethink that...double down on the hypocrisy...or just jump to ad hominem, as is your nature.
I'll stand happily by your side no matter your choice. I'm here for you, OhMy.
How old are you, incidentally?
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Post by cyclist on Aug 3, 2023 9:42:39 GMT -5
It is.. A lot more since Brandon got into office. Thank God the fed does not act like the DOJ or inflation would be at 20% Inflation is 2% over the rate goal of 2%. |
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Post by OhMy on Aug 3, 2023 9:51:19 GMT -5
I sure hope so. I hope the prices drop back to where they were prior to Brandon, but I doubt it. Thank you Joe Manchin for killing the build back better agenda. If that had gone through, inflation would have been much much worse. An 80 year old man that has limited days in this life should not be making decisions for future generation. Same with a 77 year old. Joe Manchin is 75 and if elected president -- you know, the thing you asked for a few posts above -- would be over 80 while in office.
You might want to rethink that...double down on the hypocrisy...or just jump to ad hominem, as is your nature.
I'll stand happily by your side no matter your choice. I'm here for you, OhMy.
How old are you, incidentally?
Younger than you are. You are a keyboard cowboy. I am sure you do not speak to people like that face to face. |
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Post by One Man Gang on Aug 3, 2023 10:48:12 GMT -5
They're all keyboard cowboys...
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Post by biminitwisted on Aug 3, 2023 13:02:43 GMT -5
They're all keyboard cowboys... I don't talk politics much outside of here. But I do find it funny that those that go around calling others sissy soy boys and such get surprised when they get punched in the teeth. |
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