GUILTY

[NxNW]

Having to make a huge sum of money just to make ends meet is good? No, it's a joke.

That wasn't the question.

A bad economy is where it takes wheelbarrow full of cash to by a week's worth of groceries.

Who uses cash anymore?

Why would anyone think soaring pay to keep up with soaring prices is a good thing?

Nobody made such a claim.

Why would a dollar being worth what a penny could buy a few years ago is a good thing?

How many years ago was that, exactly?

No wonder there's talk of bringing back $500 and $1000 bills.

Link?

 

[Bradskii]

I won’t feel any different.

We'll find out when you tell us.

 

[ozso]

It's pretty obvious why some folks are sticking to the 'Bidenomics is working' narrative despite the reality of a poor economy.

 

[ozso]

We'll find out when you tell us.

Maybe someday he'll be making a trillion dollars an hour like they do in Zimbabwe.

 

[christian-surfer]

There’s a lot of difference between a hard science and a soft science. It seems to me that if economics can even be called a science that it would be clearly a soft science or a theoretical science. Given that, i don’t see how you can take too seriously any biased or government affiliated economists of any type. I have read various economic books which talk about economic experts and it cleanly has a lot of political associations. That’s probably why I think anyone’s opinion is as good as anyone else’s on the face of it

 

[Bradskii]

I have read various economic books which talk about economic experts...

You should name them. Please.

 

[christian-surfer]

You should name them. Please.

I’ve read a Paul Krugman book a long time ago or parts of one of his books, I’ve read books that talked about the ideas of John Maynard Keynes, Marx, Adam Smith. I’ve heard a lot of libertarians talk about Misses and I probably heard something about Milton Friedman. Some of it was probably interesting but none of it was hugely profound or earth shattering in any way.

I read G Edward Griffin’s book on the federal reserve. He’s a libertarian and I’m really not a libertarian but I think his book was pretty good and I don’t trust the people behind the federal reserve, the international bankers etc.

It’s hard to get away from a lot of basics like printing money, inflation, NAFTA, banking deregulation , credit default swaps, carbon taxes, the problems with climate change claims , they real cost of green energy, climate propaganda, the real effects of war on the economy and freedom, the Great Depression, central banks etc or the various bailouts, Wall Street shenanigans etc. No matter what some fancy talking economist or CFR person says on NPR, it’s usually pretty obvious when they are selling you a bunch of crap or telling you that the cost of electricity won’t be going up with their new policies when less than a year later it clearly goes up a lot

 

[ozso]

There’s a lot of difference between a hard science and a soft science. It seems to me that if economics can even be called a science that it would be clearly a soft science or a theoretical science. Given that, i don’t see how you can take too seriously any biased or government affiliated economists of any type. I have read various economic books which talk about economic experts and it cleanly has a lot of political associations. That’s probably why I think anyone’s opinion is as good as anyone else’s on the face of it

"Scientific evidence" = whoever/whatever provides conformation bias.

 

[christian-surfer]

Probably one of the things that shows economics is a theory is that there’s a whole bunch of economic experts, both recent and in history. Many of them are influential or promoted by government, media or political groups. They all have complex and advanced thinking but many of them all disagree with each other or fall into different camps, so whichever you choose to follow is up to you but its clearly a lot of theory that appeals to various political orientations

 

[Bradskii]

Probably one of the things that shows economics is a theory is that there’s a whole bunch of economic experts, both recent and in history. Many of them are influential or promoted by government, media or political groups. They all have complex and advanced thinking but many of them all disagree with each other or fall into different camps, so whichever you choose to follow is up to you but its clearly a lot of theory that appeals to various political orientations

If you're talking about what needs to be done to any given aspect of the economy to change it, then yeah. Ask 10 economists and you'll get 12 different opinions. But there is no disagreement about what the economy is at the current time. You can spin it however you want, but it's simply facts and figures.

 

[KCfromNC]

Trump is now a known quantity. He may be a bad candidate but he's an amazing president. Look what he did

Yep, loving the wall he built that Mexico paid for. The replacement for Obamacare is incredible. And don't even get us started about infrastructure week.

 

[KCfromNC]

Maybe someday he'll be making a trillion dollars an hour like they do in Zimbabwe.

At current inflation rates, it'll only take about 620 years. Not exactly the most pressing concern for this election - but if it is really the best reason to vote for a convicted felon, I guess that's pretty telling.

 

[Reasonably Sane]

Yep, loving the wall he built that Mexico paid for. The replacement for Obamacare is incredible. And don't even get us started about infrastructure week.

Among other things: Trump’s list: 289 accomplishments in just 20 months, ‘relentless’ promise-keeping - Washington Examiner

The article is interesting, and the list is there when you scroll down a couple of pages.

 

[ozso]

 

[christian-surfer]

If you're talking about what needs to be done to any given aspect of the economy to change it, then yeah. Ask 10 economists and you'll get 12 different opinions. But there is no disagreement about what the economy is at the current time. You can spin it however you want, but it's simply facts and figures.

I'm not sure according to who ? It seems like we are in another bubble. Many in the alternate media predicted the 2008 crash rather than the mainstream media. Gold prices have been high. The bankers manipulate the market up and down. The insiders know when to buy and when to get out. The IT market seems to be the worst it's ever been. Many young people can't afford a house.

Many basic things not counted ..

" discouraged workers have not actively looked for work in the last four weeks; therefore, they are not counted as unemployed. U.S. Bureau of Labor Statistics."

"Core inflation is the change in the costs of goods and services, but it does not include those from the food and energy sectors."

"Gasoline is a volatile part of the index, which is one reason the Federal Reserve removes it from the core inflation calculation it uses to guide decisions on interest rates."

"Home prices are not included in the CPI, as the purchase of a home is considered an investment rather than an expenditure by the BLS. "

 

[Hans Blaster]

Exactly what "truth" does some Senator living in Virginia have about Trump's trial or guilt?

 

[ozso]

Exactly what "truth" does some Senator living in Virginia have about Trump's trial or guilt?

Beats me. I just thought it was an interesting clip. Although it seems it's the entire republican senate he's speaking for.

 

[BCP1928]

I'm not sure according to who ? It seems like we are in another bubble. Many in the alternate media predicted the 2008 crash rather than the mainstream media. Gold prices have been high. The bankers manipulate the market up and down. The insiders know when to buy and when to get out. The IT market seems to be the worst it's ever been. Many young people can't afford a house.

Many basic things not counted ..

" discouraged workers have not actively looked for work in the last four weeks; therefore, they are not counted as unemployed. U.S. Bureau of Labor Statistics."

Yes, non-participation in the labor force is a big problem, not directly related to the strength of the economy. I have tried to bring it up several times in these discussions, but conservatives won't hear of it. Try telling a conservative that a person is counted as unemployed only if he is looking for work. He'll deny it. But it is a problem. Our labor force participation rate is one of the lowest among the developed economies.

"Core inflation is the change in the costs of goods and services, but it does not include those from the food and energy sectors."

"Gasoline is a volatile part of the index, which is one reason the Federal Reserve removes it from the core inflation calculation it uses to guide decisions on interest rates."

Prices of some goods and services can be quite volatile and can mask the underlying inflation rate.

"Home prices are not included in the CPI, as the purchase of a home is considered an investment rather than an expenditure by the BLS. "

Plus, the price of housing has causes that overshadow merely inflation

 

[stevevw]

No, it's a very accurate reading. Tough luck if you don't like it, but facts aren't adjusted to suit your political whims.

It depends how you read it. Most economies in western nations have picked up from the low of the recession due to Covid. But at the same time there are signs the economy is still unstable and could faulter.

For example despite the improvements the cost of a trolly of food is higher in relative terms today then a pre covid. Most people could afford to buy a home and now they can't as house prices are too high. People struggle to afford energy and fuel costs. These are more practical everyday living costs which people relate to more than some analyse from the federal bank or some expert.

At the end of the day most people including democrates think the economy is not in good shape and thats all that counts when it comes to election time. In fact even the dems held a more positive view of the economy under Trump than they do now which peaked at 46% of dems and is now 37%. So maybe the dems have a marketing problem.

1. Views of the nation’s economy

Fewer than a quarter of Americans (23%) currently rate the country’s economic conditions as excellent or good, while 36% say they are poor.

www.pewresearch.org

 

[BPPLEE]

If you're talking about what needs to be done to any given aspect of the economy to change it, then yeah. Ask 10 economists and you'll get 12 different opinions. But there is no disagreement about what the economy is at the current time. You can spin it however you want, but it's simply facts and figures.

Not everyone agrees as you suggest.
Average weekly earnings went up 14.8% during Biden’s first three years in office, according to monthly figures compiled by the Bureau of Labor Statistics, inflation ate up all that gain and more. “Real” weekly earnings actually declined 3.1% since Biden took office.