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Thanks, Biden!!!

RobDownSouth said:
Expect to see even moar yammering about teh labor force participation rate in teh next 2 to 3 years from teh whackadoodle right wingers.

Why?

Because the four year peak of teh Baby Boom was 1957 to 1961, meaning we'll see a large uptick in retirements as that subset of Boomers qualify for age-65 Social Security "full benefits". The labor force participation rate should dip precipitously right about now, the fact that it remains stable as buttloads of Boomers retire is a testament to teh strength of teh American Economy,
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I don’t believe retirees are included in the labor participation statistics. And if thats the case it would seem that the participation rate would increase.
 
Yeah, thanks Biden, for actually doing something about the Fentanyl problem, rather than acting like a partial border wall was going to solve all drug problems. Your predecessor left you with a lot of problems that had been mismanaged for four years, as well as an insurrection attempt following his landslide defeat for re-election.
 
Thanks, Biden, for suckering the frothing-at-the-mouth GOP mob during the SOTU Address into giving you a standing ovation for protecting Social Security and Medicare from cuts.

You skillfully turned their nasty demeanor into a huge political win. Thanks to the old dog for herding the rabid dogs into the dunce corner. I needed a good laugh.
 
President Biden hosts black tie dinner for 31 state governors, with hopes of boosting more bi-partisanship for the benefit of the American public

Republican Governor Spencer Cox of Utah, vice-chair of the National Governors Association, said it was "very symbolic" to have Republicans and Democrats "breaking bread together" at the White House.

Cox added that he believed the majority of Americans wanted to see more collaboration across the political aisle.
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https://www.msn.com/en-us/news/poli...pc=U531&cvid=e065b6290c564d94bd91ce2c8416f73d
 
thanks, President Biden, for encouraging bipartisan efforts to tackle real issues facing Americans
A bipartisan panel of governors from Maryland, New Hampshire, New Mexico and North Dakota said they agreed on elements of each other’s ideas to address addiction and the fentanyl crisis, speaking Sunday on CBS’ “Face the Nation.”
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“That is probably going to be the nexus of real bipartisan work,” Democratic New Mexico Gov. Michelle Lujan Grisham said to North Dakota Gov. Doug Burgum, a Republican, after he described treating addiction as a disease. The governors were in Washington, D.C., for the National Governors Association conference, and dealing with fentanyl was one area where they clearly found common cause.
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“If we think that the way we’re going to stop drug consumption is with with longer prison terms, or higher penalties, we’re actually just incarcerating people that have a health issue,” Burgum said.
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https://www.politico.com/news/2023/02/12/governors-fentanyl-addiction-bipartisan-00082468
 
$1 Trillion in credit card debt and the highest interest payment on US instruments in history.
 
JohnnySavage said:
$1 Trillion in credit card debt and the highest interest payment on US instruments in history.
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It always has been the highest in history because our GDP is the highest in history and we borrow money based on that.

Our debt is not the same thing as a credit card.
 
ll74 said:
It always has been the highest in history because our GDP is the highest in history and we borrow money based on that.

Our debt is not the same thing as a credit card.
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He seems to be blaming President Biden for dumb people's personal debt. LOL @ "The Party of Personal Responsibility!"
 
Thanks Joe for bringing interest rates back up on savings accounts from 1/10 percent or less. I'm, now getting 4 and 5% on savings like I did decades ago. And since I can afford what I buy and don't let balances carry month to month, I don't pay any CC or loan interest. Free money for me and for others who know how not to overspend.
 
There is a correlation with high credit card debt and the collapse of mortgage refinancing. With interest rates rising faster than the great Mississippi river in flood stage homeowner remortgaging commonly using home equity to buy things no longer find remortgaging at high interest rates beneficial, hence buying using credit cards is on the increase. Also higher tax rates on capital gains is affecting savings rates.

One issue that's not talked about is the possible long term effects fed rate increases will have on venture capital going forward. Venture capital is the engine that could, without robust investment by venture capitalist the economy could fall victim to recession and slow growth for a long period of time, at least till the FED rate drops significantly. IMHO
 
icanhelp1 said:
There is a correlation with high credit card debt and the collapse of mortgage refinancing. With interest rates rising faster than the great Mississippi river in flood stage homeowner remortgaging commonly using home equity to buy things no longer find remortgaging at high interest rates beneficial, hence buying using credit cards is on the increase. Also higher tax rates on capital gains is affecting savings rates.

One issue that's not talked about is the possible long term effects fed rate increases will have on venture capital going forward. Venture capital is the engine that could, without robust investment by venture capitalist the economy could fall victim to recession and slow growth for a long period of time, at least till the FED rate drops significantly. IMHO
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What?
 
icanhelp1 said:
There is a correlation with high credit card debt and the collapse of mortgage refinancing. With interest rates rising faster than the great Mississippi river in flood stage homeowner remortgaging commonly using home equity to buy things no longer find remortgaging at high interest rates beneficial, hence buying using credit cards is on the increase. Also higher tax rates on capital gains is affecting savings rates.

One issue that's not talked about is the possible long term effects fed rate increases will have on venture capital going forward. Venture capital is the engine that could, without robust investment by venture capitalist the economy could fall victim to recession and slow growth for a long period of time, at least till the FED rate drops significantly. IMHO
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Interest rates have been at record lows for decades. Raising them is necessary to cool off a hot economy.
 
ll74 said:
Interest rates have been at record lows for decades. Raising them is necessary to cool off a hot economy.
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Ican't failed Economics 101. Hell he can't even figure out the difference between "personal debt" and "government debt".
 
So President Biden's masterful manipulation of the reps in his SOTUS bore results beyond the open display of support for SS & Medicare

Scott makes exemption in his plan that originally had these vital systems sunsetting every five years

Scott unveiled his original plan last year when serving as chair of the campaign committee for Senate Republicans. It called for all federal legislation to sunset in five years, and if a law is worth keeping, Congress can pass it again.
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His revised plan specifies exceptions for Social Security, Medicare, national security, veterans benefits, and other essential services. The change comes as Democrats work to drive a wedge between GOP lawmakers and their base of older voters who rely on government programs for income and health insurance.
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Biden held up a pamphlet of Scott’s original plan when he visited the senator’s home state of Florida last week, saying “I know that a lot of Republicans — their dream is to cut Social Security and Medicare. If that’s your dream, I’m your nightmare.”
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https://www.msn.com/en-us/news/poli...pc=U531&cvid=7c80e11b25924fb9b49f11269db83b08
 
Thanks, Biden, for not only running circles around the MAGAts who wanted to cut Social Security and Medicare, but also for showing the MAGAts how to support Ukraine and defend democracy rather than extort Ukraine and promote autocracy.

You are intelligently demonstrating what real leadership is to MAGAts, who would prefer to turn the nation into a death cult.
 
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