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Post by ferris1248 on Apr 29, 2024 9:52:43 GMT -5
I agree with you but that doesn't change the fact it would impact our economy far more than most people think. And I will guarantee you in a company the size of yours, there are some illegals working. Let me say this, please. Our number one pipe crew, these guys lay 30' cut sanitary sewer without ever screwing up, which if you haven't done it, well it isn't for the faint of heart. All mexicans, all family, all legal. All their kids are going to college. They are more than family to me. All of them will retire millionaires, so their 401k says. My business partner's wife, or mother in law, depending on who you ask, made sure they were all legal. Almost 30 years ago. I take a lot of it personally. As well you know. I admire y'all for doing that. Even in a business as small as mine I made sure all my employees were in our 401K program with the company making contributions even if they didn't. But that's not the point. |
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Post by whitebacon on Apr 29, 2024 9:55:55 GMT -5
I got your point. And you got mine. Xoxo
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Post by johngalt on Apr 29, 2024 9:58:42 GMT -5
An interesting question. The unemployment number from the BLS uses population numbers from the Census Bureau, so the headline we see every month actually understates employment, since most of the illegals are not counted in the Census, but are counted as employed in the BLS Establishment Survey. The huge wave of illegal immigrants, many of whom work (you call them "illegally" working, but they work, make money and spend money, nonetheless) are an important reason why the labor market isn't any tighter and why wage pressures have moderated. And they're also a contributor to the continuing strength in consumer spending. So in addition to causing an overstatement in unemployment, they are both disinflationary and inflationary at the same time.
A lot of people really don't understand what would happen to the economy if we just arbitrarily deported every illegal without some sort of path to remaining and working. I’m listening.🤓 |
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Post by ferris1248 on Apr 29, 2024 10:01:01 GMT -5
No you're not.  |
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Post by johngalt on Apr 29, 2024 10:04:52 GMT -5
No you're not. Yes I am but you and everyone else who has no problem with illegal immigration can explain it or justify it. |
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Post by johngalt on Apr 29, 2024 10:06:06 GMT -5
Maybe having to pay a little more to get your lawn mowed?🤔
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Post by ferris1248 on Apr 29, 2024 11:08:17 GMT -5
No you're not. Yes I am but you and everyone else who has no problem with illegal immigration can explain it or justify it. You have never heard me say I have no problem with illegal immigration. Why do you make false assumptions? |
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Post by garycoleco on Apr 29, 2024 11:18:02 GMT -5
Talk to you neighbors and coworkers abd see how they're doing financially. There's a lot of false identifiers being thrown around in this thread I haven’t heard one person (except for a few on here) say how amazing things are. We have lawyers, MD’s, retirees, IT dir and business owners on our block, the topic of discussion….”things are horrible right now” “times are difficult” “we’ve had to make changes” “I don’t remember it this bad even in the Carter years” etc You're correct. The past 3 years have been miserable for the average family. It's never been tougher. It's POSSIBLE disingenuous but most likely plain stupid to quote stock markets and GDPs. Our financial system has been fake for decades. The middle class doesn't exist any more and fools let it happen. |
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Post by johngalt on Apr 29, 2024 11:48:13 GMT -5
Yes I am but you and everyone else who has no problem with illegal immigration can explain it or justify it. You have never heard me say I have no problem with illegal immigration. Why do you make false assumptions? So why do you insist that the country will collapse if they get deported? |
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Post by ferris1248 on Apr 29, 2024 12:32:18 GMT -5
You have never heard me say I have no problem with illegal immigration. Why do you make false assumptions? So why do you insist that the country will collapse if they get deported? I have never said the country would collapse if they were deported. |
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Post by johngalt on Apr 29, 2024 12:37:09 GMT -5
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Post by whitebacon on Apr 29, 2024 12:38:53 GMT -5
So why do you insist that the country will collapse if they get deported? I have never said the country would collapse if they were deported. Change the subject. And I'm trying to be polite. I'm guessing six?  ? Seventeen years old or there about. Maybe eighteen. Anatomically perfect. Next frigging door. |
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Post by nuevowavo on Apr 29, 2024 14:42:02 GMT -5
Let me be the first to chime in - life is good.
We're retired, are making good money in the market, are spending, taking trips, doing work on the house as if it was 2019.
Granted, everything is more expensive, but thank God we can afford it without changing our lifestyle one bit.
I am not attributing this to Biden, Trump or an part of the government. We're very fortunate.
And we can't be the only ones - retail sales, travel, entertainment, all are still very healthy, even at elevated prices.
We just don't bitch about it.
And Trump can't do anything more about prices than Biden can.
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Post by throttle on Apr 29, 2024 14:43:35 GMT -5
The S&P 500 has performed quite well since the beginning of 2021. If you had invested $100 in the S&P 500 at the start of 2021 and reinvested all dividends, your investment would have grown to approximately $123.59 by the end of 2023. This translates to a return on investment of 23.59%, or an annualized return of about 8.27% per year during that period1. However, it’s essential to consider inflation when evaluating investment returns. Adjusted for inflation, the real return on your original $100 investment would be roughly $9.91 in 2021 dollars, which corresponds to an inflation-adjusted return of 9.91%1. Wow, about 10% inflation adjusted return for 2 years, 5% annual... Not stellar. |
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Post by ferris1248 on Apr 29, 2024 15:38:27 GMT -5
Not even one? The only comment I could agree with your neighbors about is that "we've had to make changes" and that was probably said as they were sitting around their swimming pools sipping a Belvedere or a Blanton's on the rocks or watching their 60" HD TV while they complain about the 1 1/2 inch ribeye being medium rare instead of rare. As far as “I don’t remember it this bad even in the Carter years” etc. that's probably because they're all in their 70s or 80s. You don’t have to agree one way or another. Just like all the threads on here. I’m telling you my life and experiences. Create whatever reality gets you through the day |
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Post by tampaspicer on Apr 29, 2024 15:56:44 GMT -5
Let me be the first to chime in - life is good. We're retired, are making good money in the market, are spending, taking trips, doing work on the house as if it was 2019. Granted, everything is more expensive, but thank God we can afford it without changing our lifestyle one bit. I am not attributing this to Biden, Trump or an part of the government. We're very fortunate. And we can't be the only ones - retail sales, travel, entertainment, all are still very healthy, even at elevated prices. We just don't bitch about it. And Trump can't do anything more about prices than Biden can. There's a small part of me that wants Trump to win just so I can harass the MAGA folks for 4 years about prices not going down. I wonder what their excuse will be then? LOL You are correct. Not a damn thing the president of the US can do about prices. And yes everyone seems to be spending money. Just go out on the town on a Friday night-Sunday night. People definitely spending plenty of money. |
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Post by biminitwisted on Apr 29, 2024 16:10:01 GMT -5
Let me be the first to chime in - life is good. We're retired, are making good money in the market, are spending, taking trips, doing work on the house as if it was 2019. Granted, everything is more expensive, but thank God we can afford it without changing our lifestyle one bit. I am not attributing this to Biden, Trump or an part of the government. We're very fortunate. And we can't be the only ones - retail sales, travel, entertainment, all are still very healthy, even at elevated prices. We just don't bitch about it. And Trump can't do anything more about prices than Biden can. There's a small part of me that wants Trump to win just so I can harass the MAGA folks for 4 years about prices not going down. I wonder what their excuse will be then? LOL You are correct. Not a damn thing the president of the US can do about prices. And yes everyone seems to be spending money. Just go out on the town on a Friday night-Sunday night. People definitely spending plenty of money. Well, in fairness Trump's propose tariffs surly can affect prices. Just not the way the reality based community would hope. Trump has proposed a baseline 10% tariff on all U.S. imports and a levy of 60% or higher on imported Chinese products.www.cnbc.com/2024/03/13/heres-what-trumps-proposed-tariffs-could-mean-for-your-wallet-.html#:~:text=Former%20President%20Donald%20Trump%20has,higher%20on%20imported%20Chinese%20products. |
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Post by bottom feeder on Apr 29, 2024 16:22:17 GMT -5
The S&P 500 has performed quite well since the beginning of 2021. If you had invested $100 in the S&P 500 at the start of 2021 and reinvested all dividends, your investment would have grown to approximately $123.59 by the end of 2023. This translates to a return on investment of 23.59%, or an annualized return of about 8.27% per year during that period1. However, it’s essential to consider inflation when evaluating investment returns. Adjusted for inflation, the real return on your original $100 investment would be roughly $9.91 in 2021 dollars, which corresponds to an inflation-adjusted return of 9.91%1. Wow, about 10% inflation adjusted return for 2 years, 5% annual... Not stellar. Piss poor actually considering that a dollar buys 20% less. I have a couple annuity's that pay better with no risk. |
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Post by Captj on Apr 29, 2024 16:30:38 GMT -5
What you Trumpers don't understand, and I've stated this several times here, is that the duties imposed on China are just reflected in our cost prices. China doesn't pay those duties. You do. Not a brilliant maneuver.
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Post by biminitwisted on Apr 29, 2024 16:39:19 GMT -5
What you Trumpers don't understand, and I've stated this several times here, is that the duties imposed on China are just reflected in our cost prices. China doesn't pay those duties. You do. Not a brilliant maneuver. Trump wants to go well beyond China and make us all pay 10% tax on all imports. That should help mom and pop with high prices. |
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Post by OhMy on Apr 29, 2024 16:55:47 GMT -5
What you Trumpers don't understand, and I've stated this several times here, is that the duties imposed on China are just reflected in our cost prices. China doesn't pay those duties. You do. Not a brilliant maneuver. Trump wants to go well beyond China and make us all pay 10% tax on all imports. That should help mom and pop with high prices. You mean like he did when he was president and we did not have rampant inflation? Polls may not mean shit to election outcomes, but I believe they do show us what most Americans concerns are... and guess what, the economy and inflation are always at the top of the list.... Why you ask? Because Biden has done and continues to do a terrible job with the economy. |
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Post by biminitwisted on Apr 29, 2024 17:00:17 GMT -5
Trump wants to go well beyond China and make us all pay 10% tax on all imports. That should help mom and pop with high prices. You mean like he did when he was president and we did not have rampant inflation? Polls may not mean shit to election outcomes, but I believe they do show us what most Americans concerns are... and guess what, the economy and inflation are always at the top of the list.... Why you ask? Because Biden has done and continues to do a terrible job with the economy. Maybe you can point out when he proposed across the board tariffs like he's doing now. His earlier trade wars cost Americans $230 billion and counting. Your hero was the all time king of job losses, many due to his stupid trade wars. www.cnn.com/2024/03/18/politics/donald-trump-tariffs-trade-war/index.html |
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Post by biminitwisted on Apr 29, 2024 17:04:23 GMT -5
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Post by OhMy on Apr 29, 2024 17:11:24 GMT -5
You mean like he did when he was president and we did not have rampant inflation? Polls may not mean shit to election outcomes, but I believe they do show us what most Americans concerns are... and guess what, the economy and inflation are always at the top of the list.... Why you ask? Because Biden has done and continues to do a terrible job with the economy. Maybe you can point out when he proposed across the board tariffs like he's doing now. His earlier trade wars cost Americans $230 billion and counting. Your hero was the all time king of job losses, many due to his stupid trade wars. www.cnn.com/2024/03/18/politics/donald-trump-tariffs-trade-war/index.htmlOk Nancy P. King of job losses. Sir, you were the King of Covid lockdowns and should know better why jobs were lost. It was people like you that insisted lockdowns and forced vaccinations. You have mud all over your face and should be happy we cannot pull out the old forum and nonsense you spewed there during Covid. Now go put on your face diaper, Covid is still out there and you can never be too safe. |
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Post by biminitwisted on Apr 29, 2024 17:18:17 GMT -5
Ok Nancy P. King of job losses. Sir, you were the King of Covid lockdowns and should know better why jobs were lost. It was people like you that insisted lockdowns and forced vaccinations. You have mud all over your face and should be happy we cannot pull out the old forum and nonsense you spewed there during Covid. Now go put on your face diaper, Covid is still out there and you can never be too safe. Who can even remember whose idea that was?  |
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Post by cadman on Apr 29, 2024 17:21:27 GMT -5
Let me be the first to chime in - life is good. We're retired, are making good money in the market, are spending, taking trips, doing work on the house as if it was 2019. Granted, everything is more expensive, but thank God we can afford it without changing our lifestyle one bit. I am not attributing this to Biden, Trump or an part of the government. We're very fortunate. And we can't be the only ones - retail sales, travel, entertainment, all are still very healthy, even at elevated prices. We just don't bitch about it. And Trump can't do anything more about prices than Biden can.You will never convince the Trump supporters. they believe the day Trump takes office prices will drop. We will have $1.99 gas again. They don't realize that would mean a recession. They think he was solely responsible for the low inflation rates from the 1990 to 2019. |
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Post by biminitwisted on Apr 29, 2024 17:32:17 GMT -5
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Post by swampdog on Apr 29, 2024 19:00:44 GMT -5
The politics forum is starting to get downright humorous. The back and forth has evolved into a slap happy duel.
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Post by restlessnative on Apr 29, 2024 19:35:38 GMT -5
I agree with you but that doesn't change the fact it would impact our economy far more than most people think. And I will guarantee you in a company the size of yours, there are some illegals working. I know the owners, c suite and a lot of employees at that company. I obviously can’t be 100% but I highly doubt there is any illegals working there, and they take GREAT care of their people, much like it sounds you did so hats off for that. They don’t mess around when it comes to that. It’s a great company and homegrown. |
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Post by throttle on Apr 29, 2024 21:24:29 GMT -5
Let me be the first to chime in - life is good. We're retired, are making good money in the market, are spending, taking trips, doing work on the house as if it was 2019. Granted, everything is more expensive, but thank God we can afford it without changing our lifestyle one bit. I am not attributing this to Biden, Trump or an part of the government. We're very fortunate. And we can't be the only ones - retail sales, travel, entertainment, all are still very healthy, even at elevated prices. We just don't bitch about it. And Trump can't do anything more about prices than Biden can. There's a small part of me that wants Trump to win just so I can harass the MAGA folks for 4 years about prices not going down. I wonder what their excuse will be then? LOL You are correct. Not a damn thing the president of the US can do about prices. And yes everyone seems to be spending money. Just go out on the town on a Friday night-Sunday night. People definitely spending plenty of money. Sure, that's it, no real power at all. More of a figurehead. The mere anticipation of a Trump win will cause gas prices to fall in anticipation of energy friendly policies. And when the price of energy stops skyrocketing so does the price of everything else. |
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