GDP down .9% in the second quarter. We are in a recession. Is today a good day for America?Yep, its all over the news. Manchin says the deal will reduce inflation.
In other news, Senate just passed a bill to make USA tech more competitive with China.
Senate Passes $280 Billion Industrial Policy Bill to Counter China (Published 2022)
The bipartisan vote reflected a rare consensus in the otherwise polarized Congress in favor of investing federal resources into a broad industrial policy to counter China.www.nytimes.com
Stock market up 4% today.
Same-sex law will likely pass Senate with 65+ votes.
Day full of good news for America.
Manchin caved, and there is now a Build Back Better deal in the Senate
- Thread starter C3D
- Start date
Modean
.223 Rem
Have you considered the possibility that neither Manchin or you understand economics?
Arjuna
.338 Win Mag
meketrefe
.450/400 Nitro Ex
He saw this as an opportunity to sell lots of manchines.
Saltwater60
20×102mm Vulcan
Thanks you saved me some typing.
I am unsure if you are trying to be funny, sarcastic or just showing extreme ignorance??
When I get a tax cut, or see a saving somewhere in my cash flow, I reinvest into me as well.
Saltwater60
20×102mm Vulcan
I just have to ask in regard to the economy what has Biden gotten right?
Jmac00
.475 A&M Magnum
so lets help the uneducated out here, I figure he wouldn't have the balls to respond. So what is PROFIT.
which only partially correct, but lets really get into the nuts and bolts of what profit is to a company, AND to you as a individual.
Profit, simply put, IS THE COST OF DOING BUSINESS IN THE FUTURE. Thats it, without profit, NO ONE has a future, period. There will be no raises, there will be no ability to buy inventory to make shit, there will be no way to invest in the company itself. MASSIVE profit, means a very good future, for the company, the employer and employees.
which only partially correct, but lets really get into the nuts and bolts of what profit is to a company, AND to you as a individual.
Profit, simply put, IS THE COST OF DOING BUSINESS IN THE FUTURE. Thats it, without profit, NO ONE has a future, period. There will be no raises, there will be no ability to buy inventory to make shit, there will be no way to invest in the company itself. MASSIVE profit, means a very good future, for the company, the employer and employees.
pjzwtl
.308 Win
Actually Al Gores invention of the internet and a false economic boom with tech stocks did that.
Saltwater60
20×102mm Vulcan
They don’t want to profit. They want to own and control the businesses. Just wait until you see what’s in the green new deal. That’s what it’s designed to do.
I’ll give it to Bernie sanders and he voted no. Don’t like what he stands for but he does what he says.
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ronstar
.357 mag
He has a degree in Business Administration. Got to assume he understands economics.
Jmac00
.475 A&M Magnum
LOL, obviously NOT.
ronstar
.357 mag
Because, why?
Jmac00
.475 A&M Magnum
just because you have a degree, doesn't mean you know squat.
Some of us have a degree in New Yorkistan sux, because we
A degree in theory means you can recite from a book. You don't know shit, until you have lived it. Unless you had to deal with NYS workmans Comp, or the NYS Dept of Labor, The IRS, and the EPA, and all the other shithead departments of rules/regulators.
You know about as much as CCP Chairman Xiden
Jmac00
.475 A&M Magnum
oh ya, and not to mention ALL OF THAT shit, eats into my PROFITS
ronstar
.357 mag
So basically, you believe everyone with a college degree is basically an idiot? Huh.
ronstar
.357 mag
BTW, this bill finally allows Medicare to negotiate drug prices. This is something Republicans and Democrats have been pushing for decades, and it finally may come true.
Who could be against that?
news.yahoo.com
Who could be against that?
Trump backs negotiating drug prices under Medicare: White House
President Donald Trump supports the government negotiating directly with drug companies on prices for drugs covered by the Medicare insurance program, the White House said on Tuesday. "He's for it," ...
Modean
.223 Rem
I’ll put it this way. I too have a degree in Business Administration. I also have 36 years experience in running businesses. Which do you think taught me more?
Modean
.223 Rem
Well, if it’s a great bipartisan idea why does it need to be enacted by a party line budget reconciliation vote?BTW, this bill finally allows Medicare to negotiate drug prices. This is something Republicans and Democrats have been pushing for decades, and it finally may come true.
Who could be against that?
Trump backs negotiating drug prices under Medicare: White House
President Donald Trump supports the government negotiating directly with drug companies on prices for drugs covered by the Medicare insurance program, the White House said on Tuesday. "He's for it," ...
Hint, politicians frequently speak in favor of policies that they know they’ll never have to actually make work in the real world.
Jmac00
.475 A&M Magnum
I never said having a college made anyone an idiot, I said you don't know shit, But what I meant was DUMBASS.
a BS degree ( bullshit degree ) means you never had to go out and price a job, never had to search warehouses for the least expensive parts, never had to worry about commodity prices, like copper, aluminum, or building materials, going up and down like a yo-yo on an hourly basis. You recite supply and demand, but you wife or GF or BF understands that better than you, cause she/they does the shopping.
Yet CCP Chairman Xiden's economics clowns with Phd's ( Piled Higher and deeper) seem to convince a feeble old man that this country in not in a recession, The stupid fuck, along with his Phd's couldn't find economic recovery with both hands even if it was stuffed up their collective asses.
Now you bunch of dumbass economics professors want to tax the shit out of corporations because you seem to think they are all making "windfall PROFITS". Guess what corporation's do when the government starts TAKING those PROFITS, Mr Economics 101, thats right, they move offshore. They go where their profits can be reinvested in the company, where the labor is cheaper, and where they won't get taxed out the ass.
Why do you think a lot of small businesses are leaving New Yorkistan for better places to do business? ya, its because of the weather, dumbass
ronstar
.357 mag
That's a great question, I dont know the answer.
Perhaps they rightfully fear that the GOP will try to kill ANY bill that would/could be seen as a success for the Biden administration. So reconciliation is the best bet for passing.
ronstar
.357 mag
The data shows a surplus. I trust the data.Oh boy, the surplus myth as defined by Democrats
The Myth of the Clinton Surplus
www.craigsteiner.us
Clinton surplus myth
ronstar
.357 mag
If the CBO says the plan will reduce the deficit, will you concede it will reduce the deficit?
Al Gore did not invent the internet.
Truebeliever
6.5 Creedmoor
When has the CBO been right about a budget?
repete
.338 Win Mag
So does AOC! Nuff said?
repete
.338 Win Mag
You do realize that corporations just pass the tax on to the end user? Surprise SURPRISE you and I are the end users!
Jmac00
.475 A&M Magnum
hell no, the CBO is like a computer, garbage in --- garbage out.
Xiden gave them wrong data, they will just go, "yep, looks good to us"
as someone once said, "No one has ever spent their way to prosperity"