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4.9% GDP Growth

Thurmal34

By Thurmal34
in Politics, Polls, and Pundits

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Thurmal34 RFA

Thurmal34

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5 minutes ago, AlBUNDY4TDS said:

So how's the economy booming? Based on what exactly? Go shopping lately? You seem to be too old to be this naive.

Unemployment is under 4.0%, GDP is growing at un precedented levels each quarter, and the US has the lowest rate of inflation in the world. Start there.

Edited by Thurmal34
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Thurmal34
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right, thanks for the talk down - says a lot about you   lowest inflation in the world and also fastest deceleration rate of any developed country   yes housing is out of control b

Biden is Mentally Fit
Biden is Mentally Fit

How does your racist language and homophobia shoehorn into that?

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The US reaps far more in benefits from being the world hegemon than it costs to maintain it.  As mentioned earlier, the position of the dollar as the world's reserve currency gives us an enormous

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Tommy Callahan All Pro

Tommy Callahan

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1 minute ago, Thurmal34 said:

Unemployment is under 4.0%, GDP is growing at un precedented levels each quarter, and the US has the lowest rate of inflation in the world. Start there.

Record credit card debt.  Housing devaluation.  Largest bank asset is said real estate.  No one believes the cooked books that doesn't count food or energy in the formula. 

 

Remove yourself from the bindings that keep you watching the shadows on the cave wall.  

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Thurmal34 RFA

Thurmal34

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6 minutes ago, Tommy Callahan said:

Record credit card debt.  Housing devaluation.  Largest bank asset is said real estate.  No one believes the cooked books that doesn't count food or energy in the formula. 

 

Remove yourself from the bindings that keep you watching the shadows on the cave wall.  

 

We NEED the housing market to crash...how are your kids gonna afford a starter home if it doesnt? Wake up.

 

Lemme guess...you found information that the world's top economists missed?

Edited by Thurmal34
Tommy Callahan All Pro

Tommy Callahan

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10 minutes ago, Thurmal34 said:

 

We NEED the housing market to crash...how are your kids gonna afford a starter home if it doesnt? Wake up.

 

Lemme guess...you found information that the world's top economists missed?

you get the housing crash would involve the kids not having the jobs to buy said house.  Then huge stimies to the banks that their grandkids will still be paying off.

 

You grasp fractional reserve banking?  and what happens when the Assets used to provide credit lose value?

 

The worlds top economist are not the shadows on the cave wall.

 

 

 

they are building bunkers and talking about 3-6 rate cuts.  IF they cut rates 6 times in a year, that means people are hurting.

 

DERP

 

FIFY

 

 

 

 

34 has to be fake.

 

No one can be that ignorant.

Edited by Tommy Callahan
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Thurmal34 RFA

Thurmal34

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2 minutes ago, Tommy Callahan said:

you get the housing crash would involve the kids not having the jobs to buy said house.  Then huge stimies to the banks that their grandkids will still be paying off.

 

You grasp fractional reserve banking?  and what happens when the Assets used to provide credit lose value?

 

The worlds top economist are not the shadows on the cave wall.

 

 

 

they are building bunkers and talking about 3-6 rate cuts.  IF they cut rates 6 times in a year, that means people are hurting.

 

DERP

 

FIFY

 

 

 

 

my god man its not that complex - although, if it is, certainly one guy cant be responsible for it...right?

 

my daughter should be ready to buy a house in about 11 years...she can't pay 1,000,000 for her first home.

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Tommy Callahan All Pro

Tommy Callahan

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Thats nice. at the rate we are going, she will just rent and live in some 15-minute city where only the landowners profit.

 

Who said one guy.  It took a lot of dems and rat GOP to pass the BS stimuluses.

 

Its the DEMS economic agenda that's about as bad as their domestic and foreign policy.

 

and people are feeling and seeing the results.  and they suck

 

No matter how many voices on social media, or the talking heads say their eyes are lying.

 

at this point your either just trolling or have no actual comprehension of the topic. you're just parroting the talking/MSM point.

 

 

 

 

 

 

 

 

 

 

 

 

 

Edited by Tommy Callahan
US Egg All Pro

US Egg

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5 minutes ago, Thurmal34 said:

We NEED the housing market to crash...how are your kids gonna afford a starter home if it doesnt? Wake up.

 

Lemme guess...you found information that the world's top economists missed?

Lowered property values going below what they were mortgaged creates foreclosures and bankruptcy, signifying a recession.
 

Last recession homes values dropped significantly, not slightly, that sets the economy back, not forwards.

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Thurmal34 RFA

Thurmal34

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4 minutes ago, Tommy Callahan said:

Thats nice. at the rate we are going, she will just rent and live in some 15-minute city where only the landowners profit.

 

Who said one guy.  It took a lot of dems and rat GOP to pass the BS stimuluses.

 

Its the DEMS economic agenda that's about as bad as their domestic and foreign policy.

 

and people are feeling and seeing the results.  and they suck

 

No matter how many voices on social media, or the talking heads say their eyes are lying.

 

 

 

 

 

 

 

 

 

 

 

Economic "agenda"? What, specifically, do you mean?

 

Are you referring to the CHIPS act? The Inflation reduction act? Infrastructure bill? Come on man, you are in a cult.

 

It blows my mind how many ppl shill for gov handouts to big biz and disparage plans meant to help the class those people are in. Insane.

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Tommy Callahan All Pro

Tommy Callahan

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2 minutes ago, Thurmal34 said:

Economic "agenda"? What, specifically, do you mean?

 

Are you referring to the CHIPS act? The Inflation reduction act? Infrastructure bill? Come on man, you are in a cult.

Ironic comment at the end as your just parroting what someone told you.

 

All massive liquidity into the market that mostly went directly to the fortune 500.

 

I didn't see any of that lower the amount of homeless, because that keeps climbing like people using credit and savings to pay basic bills.

 

 

 

 

 

 

 

 

 

Just now, Thurmal34 said:

sure wouldnt want to hand taxpayer dollars to those corporations...oh, wait.

Thats what chips and the inflation bill were.

 

Raising the corporate rate was amazing.

 

Same with ending the child tax credit in exchange for SALT deductions.

 

 

Thurmal34 RFA

Thurmal34

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2 minutes ago, Tommy Callahan said:

Ironic comment at the end as your just parroting what someone told you.

 

All massive liquidity into the market that mostly went directly to the fortune 500.

 

I didn't see any of that lower the amount of homeless, because that keeps climbing like people using credit and savings to pay basic bills.

 

 

 

 

 

 

 

 

 

Thats what chips and the inflation bill were.

 

Raising the corporate rate was amazing.

 

Same with ending the child tax credit in exchange for SALT deductions.

 

 

How about the tax cuts that blew a $1,000,000,000,000 hole in our budget?

Edited by Thurmal34
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Tommy Callahan All Pro

Tommy Callahan

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4 minutes ago, Thurmal34 said:

How about the tax cuts that blew a $1,000,000,000,000 hole in our budget?

The ones everyone felt.  the only problem with those is they were not extended for everyone, and we didn't cut spending to make up for it. 

 

 

 

or the lowered corporate rate so main street could compete with wall street and foreign countries.  

 

No more goal post moving.

 

This economy sucks for the poor, working and middle classes. 

 

 

 

 

 

 

 

 

 

 

Edited by Tommy Callahan
Thurmal34 RFA

Thurmal34

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2 minutes ago, Tommy Callahan said:

The ones everyone felt.  the only problem with those is they were not extended for everyone, and we didn't cut spending to make up for it. 

 

 

 

or the lowered corporate rate so main street could compete with wall street and foreign countries.  

 

No more goal post moving.

 

This economy sucks for the poor, working and middle classes. 

 

If what you say is true, who did that?

 

Reagan, yes?

 

We can all agree, based on your above statement, that trickle down economic began the process of wiping out the middle class.

All_Pro_Bills Veteran

All_Pro_Bills

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5 minutes ago, Thurmal34 said:

How about the tax cuts that blew a $1,000,000,000,000 hole in our budget?

People need to wake up and start electing representatives that will cut Federal spending and balance the budget.  But the problem is once you start getting a lot of "free" stuff its hard to say no.  When half the voters pay no Federal income tax what do they care about the tax rate or tax cuts or deficit spending?  Keep the free stuff coming.

Neither party has the courage or will to cut spending and borrowing and that's why massive inflation and depreciation in the currency and standard of living are inevitable.  All the debate and blame game is just an exercise in futility. 

The one thing you can do is plan for it and mitigate the negative impacts on you and the people that depend on you to a minimum.  

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BillStime

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1 minute ago, Thurmal34 said:

wiping out the middle class.


Thank you, Republicans.

 

Don’t you just love how these pathetic simps keep listening to millionaires for billionaire yet blame Democrats for the deficit.

 

And the simple fact that the “best economy in the world” needed a bailout at the beginning of COVID?

 

Idiots 

Thurmal34 RFA

Thurmal34

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5 minutes ago, Tommy Callahan said:

The ones everyone felt.  the only problem with those is they were not extended for everyone, and we didn't cut spending to make up for it. 

 

 

 

or the lowered corporate rate so main street could compete with wall street and foreign countries.  

 

No more goal post moving.

 

This economy sucks for the poor, working and middle classes. 

 

 

 

 

 

 

 

 

 

 

 

2 minutes ago, All_Pro_Bills said:

People need to wake up and start electing representatives that will cut Federal spending and balance the budget.  But the problem is once you start getting a lot of "free" stuff its hard to say no.  When half the voters pay no Federal income tax what do they care about the tax rate or tax cuts or deficit spending?  Keep the free stuff coming.

Neither party has the courage or will to cut spending and borrowing and that's why massive inflation and depreciation in the currency and standard of living are inevitable.  All the debate and blame game is just an exercise in futility. 

The one thing you can do is plan for it and mitigate the negative impacts on you and the people that depend on you to a minimum.  

Come on man the Democrats have balanced the budget every time they have been in the White House and the Reps spend to oblivion...

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All_Pro_Bills Veteran

All_Pro_Bills

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1 minute ago, Thurmal34 said:

 

Come on man the Democrats have balanced the budget every time they have been in the White House and the Reps spend to oblivion...

Yes, Biden's administration has done a masterful job of balancing the budget.

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