Economy Joe Biden's America...

[oldshadow]

Savings doesn't help the economy, its hurts the economy.

Money in savings is money not in circulation. A healthy economy incentivizes spending, not saving.

You dont understand how banks work and why savings is important to the economy?

Here let me help you.

 

[Rational Poster]

You dont understand how banks work and why savings is important to the economy?

Here let me help you.

I'm not sure there's much you could help me with.

 

[Belaya Smert]

@Chad R. Thundercock and his crew of day traders are at it again

Moonshot
Buy the dip

 

[Scheme]

You arbitrarily said that from Jan 2022 to now there were no gains as a way of pointing out that the stock market had done poorly under Biden , when, indeed it had not if you start measuring it from Jan 2021 to now. It’s just very funny that you totally elided the year 2021

Because that was the year that the stock market was higher? Don't you think it's important context to point out that the stock market hasn't hit record highs when adjusted for inflation in a topic about the Dow Jones hitting record highs?

 

[Ron Mexico]

Moonshot
Buy the dip

I’m gonna start yelling this, right as I finish
Wife’s gonna love it

 

[steveflynn]

You arbitrarily said that from Jan 2022 to now there were no gains as a way of pointing out that the stock market had done poorly under Biden , when, indeed it had not if you start measuring it from Jan 2021 to now. It’s just very funny that you totally elided the year 2021

You also said that

‘The collective value of companies that the S&P 500 tracks (the 500 largest companies in America) has gone done since 2021.’

This is entirely not true at all

Because that was the year that the stock market was higher? Don't you think it's important context to point out that the stock market hasn't hit record highs when adjusted for inflation in a topic about the Dow Jones hitting record highs?

huh, you also said that collective value of the companies in the s and p has gone down since 2021 which is totally not true and you said that retirement accounts (adjusted for inflation) are down since 2021 . Also not true . And why would you start , as a reference point, the year that the market was higher (2022) and not when Biden became president (2021) ? It’s because it makes his returns look worse….

 

[ShadowRun]

Must be why Biden is so popular

 

[herpd807]

Yeah let’s all buy into every rumor we hear from the tabloids.

Also, let’s also feign ignorance when someone openly admits they’re attracted to their own daughter like Trump has done many times.

It's only the diary of his daugher of which she confirmed its contents...but sure "rumor"

 

[Jack V Savage]

Savings doesn't help the economy, its hurts the economy.

Money in savings is money not in circulation. A healthy economy incentivizes spending, not saving.

Also, something that confuses people is that "investment" helps the economy, but when economists use that term, they don't mean what everyone else means. Economic investment is stuff like new factories or R&D, but people normally think of financial investment, which is stuff that is going to grow or perserve your personal portfolio and doesn't necessarily help the economy.

 

[andnowweknow]

It's only the diary of his daugher of which she confirmed its contents...but sure "rumor"

Meanwhile, since there is no block chain encrypted professionally analyzed 4k video of Trump writing a letter admitting to hush money payments in service of election manipulation, he must be assumed innocent and reimbursed with 10% of the money in the US treasury for how cold it was in the courtroom.

 

[nostradumbass]

Sounds like Wall St. donating 5-1 for Biden was a solid investment. Also fun to see the left excited that the rich are getting richer while the poor get poorer when the biggest corporations announce that they're firing employees and doing stock buybacks instead.

Stock market euphoria while we're teetering on stagflation isn't a good thing unless you run a hedge fund. The market has been on a ludicrous pump for the last 3 weeks on Wall St. optimism that the fed will have a rate cut in September just before the election despite getting nowhere near the inflation target and will just let inflation run up again and drop the hot potato in someone else's lap. Inflation increased quite a bit in Q1, but the market ran up anyway on a bad GDP miss and higher unemployment because Wall St are betting on the Fed picking higher inflation over recession.

Consumers spend because they have to, but it's not money they have. Credit card debt is at an all time high with 20% of borrowers maxed out on high interest cards. Credit card debt was $760B when Trump arrived, and $770B when he left, so really no noticeable increase in credit card debt. It has increased over 50% in just over 3 years since Biden has been in office to $1.2 trillion.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

Graphics show how Americans' total credit card debt reached record high

Card debt jumped $50 billion to a record high between Q3 and Q4 2023, Federal Reserve says.

www.usatoday.com

 

[Lucas1980]

Its not their fault that red states propagate a culture of teen pregnancy, higher crime rate and lack of literacy. It keeps them dumb and broke so they keep voting the same sequence of republican politicians.....

Laughing...You just described a large portion of a certain demographic that has been voting for Democrats since LBJ said they would.... Laughing

 

[Lucas1980]

Its funny that when the stock market is doing good under a Republican President the Muppets that actually belong to a party which happens to be Democrat... Teases rural Republican voters saying they don't own stocks anyways so why are they celebrating. This actually means squat to the vast majority of voters as it actually doesn't affect their lives while costs on everything continue to rise.. People that actually belong to a party are comical

 

[ColemanwastheGOAT]

6 of the 10 highest crime states are red.

What are the demographics like in those states?

 

[Scerpi]

Just think for a second about what Walmart doing better than expected means.

They are a nationwide outlet that provides goods and services to the average Joe American.

Walmart's success correlates directly with American's participation in the economy. If they're doing well it means Americans are spending more at their stores. And their stores are everywhere, so that means Americans everywhere are spending more.

Amazon and Walmart nationwide stores that was allowed to stay fully open while lockdown states crushed the mom and pop stores...

lol

Yay

Amazon and Walmart have raked in billions in additional profits during the pandemic, and shared almost none of it with their workers​

Amazon and Walmart have raked in billions in additional profits during the pandemic, and shared almost none of it with their workers | Brookings

The COVID-19 pandemic has generated record profits for America’s biggest companies, as well as immense wealth for their founders and largest shareholders—but next to nothing for workers.

www.brookings.edu

 

[Scerpi]

6 of the 10 highest crime states are red.

7 of the 10 lowest crimes states are blue.

And as a bonus;

9 of the 10 states with the highest rate of teen pregnancy are red.

You want to go down this road dumbass? Seriously...

lol

The Blue City Murder Problem​

The Left’s claim that America has a “red state murder problem” is misleading and deflects from “progressive” soft-on-crime policies that have wreaked havoc.

The Blue City Murder Problem

Recently, some on the Left have tried to advance their arguments by claiming that rising crime rates are due to policies pursued by red states. In response, Heritage released a new report that shows that Democrat policies in Democrat lead cities and counties are actually responsible for rising...

www.heritage.org

Come on... lets play this game

 

[Rational Poster]

Amazon and Walmart nationwide stores that was allowed to stay fully open while lockdown states crushed the mom and pop stores...

lol

Yay

Amazon and Walmart have raked in billions in additional profits during the pandemic, and shared almost none of it with their workers​

Amazon and Walmart have raked in billions in additional profits during the pandemic, and shared almost none of it with their workers | Brookings

The COVID-19 pandemic has generated record profits for America’s biggest companies, as well as immense wealth for their founders and largest shareholders—but next to nothing for workers.

www.brookings.edu

(it's half way 2024 the pandemic has been over for years, the market isn't reacting to earing from 4 years ago, but earnings from this previous quarter)

 

[Rational Poster]

You want to go down this road dumbass? Seriously...

lol

The Blue City Murder Problem​

The Left’s claim that America has a “red state murder problem” is misleading and deflects from “progressive” soft-on-crime policies that have wreaked havoc.

The Blue City Murder Problem

Recently, some on the Left have tried to advance their arguments by claiming that rising crime rates are due to policies pursued by red states. In response, Heritage released a new report that shows that Democrat policies in Democrat lead cities and counties are actually responsible for rising...

www.heritage.org

Come on... lets play this game

You sure you have the right google doc open to copy paste your argument?

 

[Rational Poster]

What are the demographics like in those states?

What do demographics matter? Are the governors and state reps not responsible to govern people of different races?

 

[ColemanwastheGOAT]

What do demographics matter? Are the governors and state reps not responsible to govern people of different races?

Well if you have one subset of the population committing a massively disproportionate amount of crime across the country, the states with way more people from that subset should have higher crime rates than states with less of them.

That's just basic math that even a dunce like you can understand surely.