Thanks, Biden!!!

[icanhelp1]

Thus your crowing about how the economy is doing great is nothing but a total miss of reality.

These people on the left are so fucking stupid is beyond any form of reality. They still have no clue on what 34 trillion in debt, high interest rates and ridiculous spending does to an economy. Injecting huge sums of money into an economy that could sustain itself without any help is economic suicide. Homes are valued at insane levels not because there that much more value in them but because interest rates are so high no one is selling and no one can afford the high interest rates. That's just the tip of the ice burg. Trillions in debt are about to come to maturity within the next two years, many will just walk away and default. Some analyst are predicting higher inflationary pressures are right around the corner.

 

[Rotadom]

Some analyst are predicting

The analysts you listen to lied to you about President Biden tanking the economy. It's strong as fuck right now, your bullshit fakenews sources notwithstanding.

 

[coati]

These people on the left are so fucking stupid is beyond any form of reality. They still have no clue on what 34 trillion in debt, high interest rates and ridiculous spending does to an economy. Injecting huge sums of money into an economy that could sustain itself without any help is economic suicide. Homes are valued at insane levels not because there that much more value in them but because interest rates are so high no one is selling and no one can afford the high interest rates. That's just the tip of the ice burg. Trillions in debt are about to come to maturity within the next two years, many will just walk away and default. Some analyst are predicting higher inflationary pressures are right around the corner.

Thanks, Biden, for rebounding the economy from the pandemic years better than any nation on the Earth, and for exposing the MAGAts like this one ^^^ as being hysterical Chicken Littles.

 

[Sean Renaud]

Well, he has been recently. The problem is that the Republicans have found that bald-face lying has become accepted by the electorate in the age of Trump.

I'll grant you he's been doing it recently. My greater point was that you don't see the Left do it nearly as often as they should. You'd think especially as all the truly named characters are about to retire if not die. I like Bernie just fine but he's gotta be out soon. Hillary appears to be done, Biden one way or another is done in the next five years. Whether by death which given average American life spans isn't that unlikely, or making it to 2028 and riding off into the sunset he's done.

The Left should be actively loading the bench like its the top priority on the planet. I would go with someone really young. Maybe not AOC as much as I agree with her politics I don't know how well she resonates with the average person. Either way someone young enough to properly understand social media is gonna be important.

 

[dmallord]

Let's not hear/tolerate any more criticisms by Republicans of the administration's immigration efforts. The Republicans have taken full blame for nothing changing.

I think I understand your sentiment. However, your last line may have been written in haste. They've taken ownership of that, according to your last sentence.

As far as I can tell, Republicans have not accepted full or even partial blame for anything, just like Trump.

I believe you meant to write: The Republicans have full blame for no changes, or the Republicans are fully to blame for no changes.

I believe that, too.

 

[jaF0]

Joe's winning there too.


Joe Biden

Border Crossings See Biggest Drop Since Biden Took Office​

The Biden administration finally received some positive news about the deterrence of illegal immigrants.

 

[Lazaran]

I think Biden is doing a really good job cause when Trump was pestident I could only put $45 of gas in my car and stuff but now I can put almost $110 of gas in it so my car is worth more and I can trade for a better car and stuff.

^
(Quoted for posterity and stupidity)

The average price of gas, adjusted for inflation, is CURRENTLY slightly CHEAPER than it was in 2018 - the corrupt orange traitor’s "prime" economic year (according to the corrupt orange traitor) - before the pandemic led to exceptionally low gas prices in 2019 - 2020 due to no one driving / traveling.



What makes the low price of gas right now even more remarkable, is that the American economy is fairly booming, and Putin has attempted to boost gas prices with Russia’s heinous war crime in Ukraine and conspiring with OPEC.



President Biden has done everything in his power to keep gas prices low. (some would say he has done too much).



Thanks, Biden!!!



Hope that ^ helps.



elloloser

 

[MajorRewrite]

Thus your crowing about how the economy is doing great is nothing but a total miss of reality.

Inflation went down from an annualized rate of 3.4% in December to 3.1% in January.

Obviously more good progress for the economy, which is very strong.

It’s a shame that you hate America’s prosperity.

 

[Sean Renaud]

These people on the left are so fucking stupid is beyond any form of reality. They still have no clue on what 34 trillion in debt, high interest rates and ridiculous spending does to an economy. Injecting huge sums of money into an economy that could sustain itself without any help is economic suicide. Homes are valued at insane levels not because there that much more value in them but because interest rates are so high no one is selling and no one can afford the high interest rates. That's just the tip of the ice burg. Trillions in debt are about to come to maturity within the next two years, many will just walk away and default. Some analyst are predicting higher inflationary pressures are right around the corner.

The debt really doesn't matter that much. There is a reason nobody was crying about during Trump. We kept pointing out the hypocrisy of attacking Obama before but not Trump and then going back on offense for Biden. The same way we didn't really give a shit about Melania being a pornstar. We just had to point out how silly it was that Michelle wearing a dress with thin straps or whatever it was.

High interest rates are annoying but the point of that was to slow down the economy a bit. You don't want it going to far to fast. Our spending is more under control now than it was under Trump and its not like Biden didn't have as the right is so happy to point out, the brunt of COVID.
https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays

Spending historically has been good for the economy but it depends on what you're spending on and why. People can afford the interest rates, I don't know where you got that one. You could at least be pissed about something real like shrinkflation but you wouldn't want to solve that anyway. It would require the government stepping in and at the very least breaking up any company over a certain size. Which ones and why is a bit above my pay grade however.

Those rate increases are pulling money out of the market specifically because "pumping money into a system that's working isn't wise" you got one fucking thing right and for the wrong reason. That's impressive as all fucking hell.

However housing prices like many of our prices are because we have allowed capitalism to get out of fucking hand. We could bring prices down almost over night both commercially and residentially. If you haven't sold and/or rented within a twelve month period you're asking above market value and the government steps in. It would work just fine. We could limit the amount of houses you can own at least within a certain geographic area. When new housing goes some no single person or group should be allowed to buy up all the houses because then they not the market control the fucking prices. However we won't do that for a lot of reasons.

Honestly a lot of those trillions in debt will never be collected not because they can't be but because nobody knows who owns them even when you factor in the percent that belongs to the rich.

You can help? Who exactly. You don't even seem capable of helping yourself.

 

[jomar]

Meanwhile back in the real world...

Red State? Come on Harpy, that’s Rightguide level sourcing

 

[icanhelp1]

The debt really doesn't matter that much. There is a reason nobody was crying about during Trump. We kept pointing out the hypocrisy of attacking Obama before but not Trump and then going back on offense for Biden. The same way we didn't really give a shit about Melania being a pornstar. We just had to point out how silly it was that Michelle wearing a dress with thin straps or whatever it was.

High interest rates are annoying but the point of that was to slow down the economy a bit. You don't want it going to far to fast. Our spending is more under control now than it was under Trump and its not like Biden didn't have as the right is so happy to point out, the brunt of COVID.
https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays

Spending historically has been good for the economy but it depends on what you're spending on and why. People can afford the interest rates, I don't know where you got that one. You could at least be pissed about something real like shrinkflation but you wouldn't want to solve that anyway. It would require the government stepping in and at the very least breaking up any company over a certain size. Which ones and why is a bit above my pay grade however.

Those rate increases are pulling money out of the market specifically because "pumping money into a system that's working isn't wise" you got one fucking thing right and for the wrong reason. That's impressive as all fucking hell.

However housing prices like many of our prices are because we have allowed capitalism to get out of fucking hand. We could bring prices down almost over night both commercially and residentially. If you haven't sold and/or rented within a twelve month period you're asking above market value and the government steps in. It would work just fine. We could limit the amount of houses you can own at least within a certain geographic area. When new housing goes some no single person or group should be allowed to buy up all the houses because then they not the market control the fucking prices. However we won't do that for a lot of reasons.

Honestly a lot of those trillions in debt will never be collected not because they can't be but because nobody knows who owns them even when you factor in the percent that belongs to the rich.

You can help? Who exactly. You don't even seem capable of helping yourself.

The only reply I have to your ridiculous narrative is you’re a card carrying communist. I have neither the time, patience nor interest in tutoring you on economics, capitalism or the constitution. You obviously have no clue on how a housing market or any other aspects of capitalism works. I’ll just let you stew in your own ignorance.

 

[MajorRewrite]

Homes are valued at insane levels not because there that much more value in them but because interest rates are so high no one is selling and no one can afford the high interest rates.

If interest rates are too high, demand decreases and home prices decrease. High interest rates do not cause high house prices. Economics 101.

Homes are still selling in my area. Maybe you should move to a more economically successful part of the country?

 

[jaF0]

People keep whining about mortgage rates. I refer them back to the 70s when mortgage rates were in the 10% range or higher. I think my first one was something like 13%, but I can't find the papers any more.

Historical Mortgage Rates: 1971 To The Present​

Jan 26, 2024 Rates in 1971 were in the 7.5% range, and they moved up steadily until they were at 10.03% in 1974. They briefly dipped into the mid- to high 8% range before climbing to 12.9% in 1979. This was during a period of high inflation that hit its peak early in the next decade.

.

 

[icanhelp1]

If interest rates are too high, demand decreases and home prices decrease. High interest rates do not cause high house prices. Economics 101.

Homes are still selling in my area. Maybe you should move to a more economically successful part of the country?

You would think that be the case.

“In general, a stronger economy and higher inflation can support home price appreciation for several reasons. Higher wages and a lower unemployment, consistent with economic growth, will boost housing demand. Potential homeowners can reasonably expect rents will rise at least as fast as inflation (or faster, if demand is strong). If you buy a home, you lock in the largest portion of your housing costs, limiting the impact of any future rental rate increases and relieving pressure on your purchasing power.

Moreover, even if homeownership costs for new homeowners are initially higher than rental costs, prospective homeowners might buy anyway because inflation changes the math. Potential homebuyers see the mortgage payment they would lock into today as more attractive than future rental payments, which include rent increases. Investors are also willing to pay more, as they can expect higher rental income and lock in their financing costs.”

The dynamic here is that both high inflation combined with high interest rates seems to not had an effect on high demand for homes which in this case is maintaining to also increasing value of homes. My home is rated $100,000 above 2001 home values which provides speculative equity. People are spending that equity adding to credit imbalances. Those mortgages will mature at the same rate values decline. The shit will hit the fan in the housing market and banking system. IMHO

 

[Rotadom]

The only reply I have to your ridiculous narrative is you’re a card carrying communist. I have neither the time, patience nor interest in tutoring you on economics, capitalism or the constitution. You obviously have no clue on how a housing market or any other aspects of capitalism works. I’ll just let you stew in your own ignorance.

Pipe down, bro. You can't even admit that the economy is rocking right now due to your devotion to carrying water for trump.

 

[Sean Renaud]

The only reply I have to your ridiculous narrative is you’re a card carrying communist. I have neither the time, patience nor interest in tutoring you on economics, capitalism or the constitution. You obviously have no clue on how a housing market or any other aspects of capitalism works. I’ll just let you stew in your own ignorance.

I get that you don't understand any of the subjects you're talking about. I know exactly how the housing market works and how capitalism works but it warms my heart that you admit defeat.

 

[ByteMe13]

Why is it that these threads always end up with some version of “your momma”?

 

[Fuzzy1975]

These people on the left are so fucking stupid is beyond any form of reality. They still have no clue on what 34 trillion in debt, high interest rates and ridiculous spending does to an economy. Injecting huge sums of money into an economy that could sustain itself without any help is economic suicide. Homes are valued at insane levels not because there that much more value in them but because interest rates are so high no one is selling and no one can afford the high interest rates. That's just the tip of the ice burg. Trillions in debt are about to come to maturity within the next two years, many will just walk away and default. Some analyst are predicting higher inflationary pressures are right around the corner.

Without Trump's tax cuts the debt would be 27 Trillion ( or less) but hey you're one of the chief supports of that bill, so quit bitching about the end results....

 

[icanhelp1]

Without Trump's tax cuts the debt would be 27 Trillion ( or less) but hey you're one of the chief supports of that bill, so quit bitching about the end results....

Citizens have a right to keep as much of their money out of the hands of out of control politicians that spend like drunken sailors.

 

[Sean Renaud]

Citizens have a right to keep as much of their money out of the hands of out of control politicians that spend like drunken sailors.

Ignoring that citizens have the exact rights the government says they have don't bitch about the debt if you are going to support taxes mostly on people who aren't even you. It would be one thing if this was going to have a noticable effect on your personal finances but it won't.

 

[Fuzzy1975]

Citizens have a right to keep as much of their money out of the hands of out of control politicians that spend like drunken sailors.

lol sure, but here you are bitching about the bill. Don't blame politicians for over spending, that's not the problem, under taxing is why your debts gotten so high. You're one of the more culpable, you encourage military spend, and unaffordable tax cuts....then whine about the debt...

 

[icanhelp1]

Ignoring that citizens have the exact rights the government says they have don't bitch about the debt if you are going to support taxes mostly on people who aren't even you. It would be one thing if this was going to have a noticable effect on your personal finances but it won't.

?

 

[icanhelp1]

lol sure, but here you are bitching about the bill. Don't blame politicians for over spending, that's not the problem, under taxing is why your debts gotten so high. You're one of the more culpable, you encourage military spend, and unaffordable tax cuts....then whine about the debt...

Overspending is exactly the problem. You only go into debt when you spend more than you have.

 

[Sean Renaud]

Overspending is exactly the problem. You only go into debt when you spend more than you have.

Tax cuts are like buying a house and then deciding to cut your hours to spend more time with the family. You didn't overspend, you made a decision to under work.

 

[Elloelle]

^
(Quoted for posterity and stupidity)

The average price of gas, adjusted for inflation, is CURRENTLY slightly CHEAPER than it was in 2018 - the corrupt orange traitor’s "prime" economic year (according to the corrupt orange traitor) - before the pandemic led to exceptionally low gas prices in 2019 - 2020 due to no one driving / traveling.

in 2016 I was paying $1.79/gal for premium gasoline. Now I'm paying $3.20/gal for mid grade. Nearly twice as much. Granted that's down from the $6.50/gal after Biden shut down US oil production and the pipeline, forcing us to by foreign oil, when Trump had made us energy independent for the first time since the 60s. So you're telling me inflation is nearly 100% and that's a GOOD thing??? That means the economy is BOOMING??? What kind of stupid are you?

What makes the low price of gas right now even more remarkable, is that the American economy is fairly booming, and Putin has attempted to boost gas prices with Russia’s heinous war crime in Ukraine and conspiring with OPEC.



President Biden has done everything in his power to keep gas prices low. (some would say he has done too much).

Biden doesn't have ANY power. He's a senile moron with delusions of grandeur and a pathologically liar. The war in Ukraine would not have had ANY influence on gas prices if Biden hadn't made us dependent, once again, on foreign oil.

Thanks, Biden!!!



Hope that ^ helps.



elloloser

And ends with typical Liberal childish insults.