The Frankish Reich Posted July 6, 2023 Posted July 6, 2023 (edited) 6 minutes ago, Over 29 years of fanhood said: $93 per person? That’s swanky That's what I mean! People have expensive tastes. I just got two dozen hot dogs, BOGO, about ten bucks. 2 lbs of ground bison (hey, it's Colorado), 20 bucks. A case of beer. No, not Bud Light, but only because it was piss-water well before it went woke. About 30 bucks. Plenty of food and drink for 6 people. Total 60 bucks. Ten bucks apiece. Oh, I guess some corn on the cob too. Add 6 bucks. And a Trader Joe's $5.99 big ass watermelon. So 11-12 bucks per person. WTF are people buying? Edited July 6, 2023 by The Frankish Reich
Doc Posted July 9, 2023 Posted July 9, 2023 And every month the previous month's job numbers get revised downwards. 2
B-Man Posted July 12, 2023 Posted July 12, 2023 No wonder the left wants control of social media. WH's BS about wages & inflation gets the Community Notes nuking it was begging for 2
SoCal Deek Posted July 12, 2023 Posted July 12, 2023 3 minutes ago, B-Man said: No wonder the left wants control of social media. WH's BS about wages & inflation gets the Community Notes nuking it was begging for They’re going to try and spin this right up until the election, but the thing about the economy is that people either feel it or they don’t. There’s very little that the Administration can do to change your day to day experience. Frankly, I’m not at all sure why they’re spending any time on it. 2
The Frankish Reich Posted July 12, 2023 Posted July 12, 2023 Setting spin aside: I am still betting on a recession starting later this year. The ripple effect of the Fed raising rates takes time to work its way through the economy. We may finally be seeing signs of a cooling job market. We are certainly seeing signs of cooling inflation. But ... that whole "soft landing" thing now looks like a real possibility. From a political standpoint: a recession is the Republicans' friend. An actual soft landing? The opposite. There's a lot of time between now and November 2024. 2 minutes ago, SoCal Deek said: Frankly, I’m not at all sure why they’re spending any time on it It's a dangerous policy. They've created the brand now - "Bidenomics" - and that's great if they do get the "soft landing." Otherwise they've created a new one-word way to mock themselves. 2
Joe Ferguson forever Posted July 12, 2023 Posted July 12, 2023 1 minute ago, Tiberius said: ❤️ Love that he coopted the derogatory "Bidenomics" title and turned it into a slogan. 1 1
Big Blitz Posted July 12, 2023 Author Posted July 12, 2023 46 minutes ago, redtail hawk said: Love that he coopted the derogatory "Bidenomics" title and turned it into a slogan. Oh baby you can bet all this is getting bookmarked. Laws of supply and demand in response to the Fed at work thanks to Trillions in debt and spending. You still can’t afford basics - it’s just “not as bad as the historic 40 year high of 2022.” Let’s go!!! 1
Doc Posted July 12, 2023 Posted July 12, 2023 33 minutes ago, Big Blitz said: Oh baby you can bet all this is getting bookmarked. Laws of supply and demand in response to the Fed at work thanks to Trillions in debt and spending. You still can’t afford basics - it’s just “not as bad as the historic 40 year high of 2022.” Let’s go!!! It being a slogan is all they need... 1
Joe Ferguson forever Posted July 12, 2023 Posted July 12, 2023 6 minutes ago, Doc said: It being a slogan is all they need... it works for MAGA...
B-Man Posted July 24, 2023 Posted July 24, 2023 Why ‘Bidenomics’ Isn’t Selling by David Catron President Biden has of late attempted to convince Americans to ignore the financial realities of their day-to-day lives by insisting that his stewardship of the economy has been a success. Inevitably, the corporate media have been all too willing to repeat this rubbish despite mountains of data that clearly debunk the President’s claims. Fortunately, the voters are not as dumb as Biden and the Fourth Estate evidently believe. According to virtually every poll, significant majorities disapprove of the way he has handled the economy. Moreover, because the voters experience the ugly facts in real time every day, it is unlikely that a public relations campaign will change their opinion. https://spectator.org/why-bidenomics-isnt-selling/ . 1
SoCal Deek Posted July 24, 2023 Posted July 24, 2023 Why it isn’t selling is because they’re comparing prices to what they were a year ago, when they were already high. In my area the price of gas has settled in at a pain inducing $5.00 per gallon for a year now. So…yes the price isn’t going up month to month anymore but it’s still at least $2.00 more per gallon than it was when Joe took office. The American people aren’t stupid! 2
Tommy Callahan Posted July 25, 2023 Posted July 25, 2023 OM, a soft landing would be amazing. The GDP and inflation stay strong. Looks good on paper. the investor class and above continues to outpace every other quintile. Have a few more states legislate raising minimum wage to pad the "wage growth" stat. Then the voices can continue to say how amazing the economy is, while the majority feal the crap economy at every turn. 1
B-Man Posted July 25, 2023 Posted July 25, 2023 The American Economy Suffers Under Bidenomics By Ward Clark Feedback from the American people on the economy is ringing loud and clear, but the Biden administration isn’t getting the hint. Inflation continues to dog the American people, and the current resident of the White House not only doesn’t acknowledge that, he doesn’t seem to understand it. To hear President Biden tell it, the latest inflation data is proof that “Bidenomics” is working, the economy is humming along, and the middle class is doing well. No part of that narrative is supported by the facts. The administration’s own data show the average American worker’s wages were effectively reduced over $4.50 an hour last month via the hidden tax of inflation. The consumer price index for June showed prices rose 3% over the last year. Core inflation, which excludes volatile food and energy prices, was 4.8%. The Biden administration was quick to tout the 3% annual inflation rate as some kind of achievement. But that is damning with faint praise, since Mr. Biden previously ran inflation up to 40-year highs. To put that in context, prices rose 1.4% over the entire year before Mr. Biden took office. Eighteen months later, prices were rising about that fast in a single month. Inflation remains more than twice what it was when Mr. Biden became president, and prices have already risen 16% during his term. This is devastating for the average American worker. https://www.heritage.org/markets-and-finance/commentary/how-bidenomics-quietly-robbing-you-blind https://redstate.com/wardclark/2023/07/25/the-american-economy-suffers-under-bidenomics-n781834 .
SoCal Deek Posted July 25, 2023 Posted July 25, 2023 19 minutes ago, B-Man said: The American Economy Suffers Under Bidenomics By Ward Clark Feedback from the American people on the economy is ringing loud and clear, but the Biden administration isn’t getting the hint. Inflation continues to dog the American people, and the current resident of the White House not only doesn’t acknowledge that, he doesn’t seem to understand it. To hear President Biden tell it, the latest inflation data is proof that “Bidenomics” is working, the economy is humming along, and the middle class is doing well. No part of that narrative is supported by the facts. The administration’s own data show the average American worker’s wages were effectively reduced over $4.50 an hour last month via the hidden tax of inflation. The consumer price index for June showed prices rose 3% over the last year. Core inflation, which excludes volatile food and energy prices, was 4.8%. The Biden administration was quick to tout the 3% annual inflation rate as some kind of achievement. But that is damning with faint praise, since Mr. Biden previously ran inflation up to 40-year highs. To put that in context, prices rose 1.4% over the entire year before Mr. Biden took office. Eighteen months later, prices were rising about that fast in a single month. Inflation remains more than twice what it was when Mr. Biden became president, and prices have already risen 16% during his term. This is devastating for the average American worker. https://www.heritage.org/markets-and-finance/commentary/how-bidenomics-quietly-robbing-you-blind https://redstate.com/wardclark/2023/07/25/the-american-economy-suffers-under-bidenomics-n781834 . See my comment above. Inflation is ‘not a problem’ only if you don’t open the window far enough to see where prices were two years ago. Which is exactly the shell game the Biden Administration is trying pull over on the American people. The problem is that those people still buy gas, groceries, and everything else on a weekly basis. 1
The Frankish Reich Posted July 26, 2023 Posted July 26, 2023 18 hours ago, SoCal Deek said: Inflation is ‘not a problem’ only if you don’t open the window far enough to see where prices were two years ago Two years ago = Summer 2021, still in the middle of the COVID worldwide economic slump. So not a good comparison. If you want to do a fair comparison, look at the economic picture in Summer 2019 vs. Summer 2023. You'll find plenty of fodder there, but you'll also find some very positive economic numbers too.
B-Man Posted July 28, 2023 Posted July 28, 2023 You can tout all the statistics that you want, but here is where the average American feels it. 1
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