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Posted

United States Government debt accounted for 123.0 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 121.6 % in the previous quarter

 

1Japan262%$39,285

2Venezuela241%

3Greece193%$20,277

4Sudan182%$764

5Lebanon172%$2,670

6Eritrea165%

7Singapore160%$72,794

8Libya155%$6,018

9Italy151%$35,551

10Bhutan135%

11United States of America129%$69,288

12Portugal127%$24,262

13Suriname124%$4,836

14Zambia123%$1,121

 

 

Thats not a good list to be on.

 

Something about compounding interest being the strongest force in nature. 

 

 

Posted

Biden and his pals screwing the pooch on the economy.  Too busy making up stupid slogans and calling biological women men. What a mess.   

Posted

 

 

House Democrats ditch “Bidenomics” messaging.

 

House Democrats have rejected the White House’s months-long campaign to sell the term “Bidenomics.”

 

Why it matters: Democrats are going into the 2024 election divided on how to communicate about the economy at a time when most voters are dissatisfied with it.

What’s happening: House Democratic leadership stopped pushing the term months ago.

 

The Democratic Congressional Campaign Committee and House Majority PAC, two key fundraising arms, are also avoiding it on social media and press releases, as polling indicates the tagline is ineffective.

 

In a meeting this past summer to discuss economic messaging strategy, House Democrats decided to stick with “People Over Politics” rather than “Bidenomics,” one senior Democratic leadership aide told Axios.

 

Zoom in: The “Bidenomics” catchphrase seemed to present a host of issues, according to Democratic sources.

 

The term was seen as tone-deaf to voters still struggling economically and also invoked a president with lackluster polling numbers.

 

One Democratic strategist said the biggest problem wasn’t using “Biden,” but that the term was too philosophical and required too much explanation.

 

Democrats across the board intend to keep many of the policies behind the “Bidenomics” tagline front and center heading into 2024.

 

https://www.axios.com/2023/12/03/house-democrats-bidenomics-2024-elections-biden

 

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Posted
9 minutes ago, Tiberius said:

Another good jobs report! 

 

Unemployment rate drops to 3.7% :thumbsup:

 

 

Labor participation rate up also 

you got to cherry pick hard to find anything good in that, and it will be revised just like the prior ones.

 

Fractional reserve banking. what happens when the banks reserves are deflating?  like the housing market?

 

 

 

 

 

 

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Posted

biden-meme.jpeg

Joe Biden: Economic Ignoramus

MICHAEL MAHARREY 

 

 

Are “greedy” corporations driving inflation? Could taxing billionaires solve the federal government’s fiscal problems?

 

According to President Joe Biden, the answer to both questions is yes.

 

And the correct answer is no.

 

So, Biden is either economically ignorant or a liar. Or maybe both.

 

Biden put his economic ignorance on full display with a couple of comments last week.

 

https://schiffgold.com/commentaries/joe-biden-economic-ignoramus/

 

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