More economic troubles for Biden.

[Saltwater60]

Growth lower than expected, inflation higher, more widespread, and lasting longer than expected, and many higher initial unemployment claims than expected. How can these morons still be fooled?
I’ve heard so many bullshit excuses on inflation and in the past month or two they all seem to be getting debunked. Inflation is higher, lasting longer, and spreading out over more and more commodities. That signals were in it for the long haul as I suspected. How can these morons be experts if I knew it?

U.S. GDP rose 6.5% last quarter, well below expectations

While the GDP gain would have been strong prior to the pandemic, it was considerably less than the 8.4% Dow Jones estimate.

www.cnbc.com

 

[Robin]

Why blame Biden?!?!!? He hasn't got a clue!
Robin

 

[Chevusa]

Who could have seen this coming? Oh wait. Everyone. This administration is a total joke and it’s at our expense. They are calling on Congress to extend the eviction memorandum and I bet ya they extend the federal unemployment when that runs up next month too. Want to bet me?

 

[Blimey]

Yet this is the S&P500. I do not time the market but, hmm...definitely do not expect the next decade to look like the last one.

 

[holdover]

Who could have seen this coming? Oh wait. Everyone. This administration is a total joke and it’s at our expense. They are calling on Congress to extend the eviction memorandum and I bet ya they extend the federal unemployment when that runs up next month too. Want to bet me?

Nope!

 

[holdover]

Yet this is the S&P500. I do not time the market but, hmm...definitely do not expect the next decade to look like the last one.

View attachment 123138

Ive come to realize these are global markets, not US markets. Wall st has nothing to do with the state of the economy in the US. For years I could not figure it out, I couldn't wrap my head around it. It simply does not reflect the US market because its not the US market. A blind man can see it now. Im a slow learner , but eventually I catch on.

Heyyyyyyyyy, Doc,wait a minute,.... thats not your finger!

 

[Saltwater60]

Who could have seen this coming? Oh wait. Everyone. This administration is a total joke and it’s at our expense. They are calling on Congress to extend the eviction memorandum and I bet ya they extend the federal unemployment when that runs up next month too. Want to bet me?

I just got a news alert a few hours ago that Biden will let the eviction moratorium run out. I’m a bit surprised but we need people paying rent to get the economy on track.

 

[Chevusa]

I just got a news alert a few hours ago that Biden will let the eviction moratorium run out. I’m a bit surprised but we need people paying rent to get the economy on track.

He only is because SCOTUS said he can’t renew it after July. Congress can however which is what he is pushing for.

 

[ajoep59]

I don't think there was ever a President who raised gas prices 60%, and grew the economy at the same time.

 

[Saltwater60]

He only is because SCOTUS said he can’t renew it after July. Congress can however which is what he is pushing for.

I don’t think it will pass. There’s jobs everywhere. If the republicans pass this that’s a joke. Time will tell as usual.

 

[fresch]

Lots of work in local 43 IBEW, need ~75 men for ~41 job sites. Lot of overtime. Give them a call if your an electrician or looking to get into a career.

 

[Chevusa]

I don’t think it will pass. There’s jobs everywhere. If the republicans pass this that’s a joke. Time will tell as usual.

I wasn’t aware the Republicans were in control of much of anything?

 

[SonOfSun]

I just got a news alert a few hours ago that Biden will let the eviction moratorium run out. I’m a bit surprised but we need people paying rent to get the economy on track.

Never should have been an "eviction moratorium" which is just a friendly sounding euphemism for government theft of use of private property. 100% of the people that voted for it should have their hands and feet bound and get dumped in the ocean. Spare nobody. Criminals, every last one of them.

 

[Saltwater60]

I wasn’t aware the Republicans were in control of much of anything?

To pass it’s more than a simple majority so even if the 50-51 demonrats vote yes they still need 9-10 republicans to get it to pass the senate.

 

[Chevusa]

To pass it’s more than a simple majority so even if the 50-51 demonrats vote yes they still need 9-10 republicans to get it to pass the senate.

Did you see the list of them that passed the infrastructure bill?

 

[meketrefe]

Nah. Socialists always have a plan, they will fabricate more money and problem solved!

 

[GOPerfect]

I do NOT blame Biden. I do NOT blame Trump.

As usual, I blame the American People.

I blame them for everything. I really do.

The American people are the ones that are cheering for everything that is wrong. I won't list all they are cheering for, all you need to do is watch the news.

These elected elite are doing what their elected base wants. Granted, most of them are getting rich by their policies/

When I say the American people, I am talking as a whole.

I am quite happy with the way things are going.

In order to be stronger, we must fail a decent amount.

 

[Carlos Hathcock]

Even with the stolen election, all they cared about was anyone but Trump.

 

[Saltwater60]

Did you see the list of them that passed the infrastructure bill?

It was a very stripped down version. Also keep in mind they have to pass some things to keep the country moving. I agree there’s a chance they could pass it but I don’t think so. I’ve been wrong before and can be again. Time will tell but you can’t keep passing a law saying people don’t need to pay for a service they are being provided. If they do the owners need to sue.

 

[Saltwater60]

Even with the stolen election, all they cared about was anyone but Trump.

Exactly. You can see the in bidens approval polls.

 

[Saltwater60]

I do NOT blame Biden. I do NOT blame Trump.

As usual, I blame the American People.

I blame them for everything. I really do.

The American people are the ones that are cheering for everything that is wrong. I won't list all they are cheering for, all you need to do is watch the news.

These elected elite are doing what their elected base wants. Granted, most of them are getting rich by their policies/

When I say the American people, I am talking as a whole.

I am quite happy with the way things are going.

In order to be stronger, we must fail a decent amount.

I agree. Many just help further push this agenda, many others are too stupid to know the difference, many just vote D because I always have, many votes F to remove Trump, and many are too lazy to get up and vote.

 

[Blimey]

Somebody is appealing for SCOTUS to slap Cuomo's wrist on the eviction moratorium as well, although it's supposed to run out in august--I've little doubt he'll renew if he can. I think they have a strong case. The only reason SCOTUS let the federal one run now was because it was about to end anyway (according to Kavanaugh's bullshit reasoning, anyway).

The eviction moratorium is obviously, very plainly seizure of private property for public use. It is not any different than the government seizing unused vacation homes to house people during covid, since if you owned a rental, for example, you could not kick somebody out to sell it. The moratorium has also been widely abused by tenants.

 

[drowhawk]

My buddy just bought a 9 unit apartment in Rochester because he's always wanted to be a landlord. I had to ask: "WTF are you thinking?!" He said you can evict people. I said, "No you can't." He doesn't even believe the eviction moratorium is a real thing. He's in for a rude awakening.

 

[Carlos Hathcock]

Somebody is appealing for SCOTUS to slap Cuomo's wrist on the eviction moratorium as well, although it's supposed to run out in august--I've little doubt he'll renew if he can. I think they have a strong case. The only reason SCOTUS let the federal one run now was because it was about to end anyway (according to Kavanaugh's bullshit reasoning, anyway).

The eviction moratorium is obviously, very plainly seizure of private property for public use. It is not any different than the government seizing unused vacation homes to house people during covid, since if you owned a rental, for example, you could not kick somebody out to sell it. The moratorium has also been widely abused by tenants.

Nothing but shitbags lazy and working the system. There's PLENTY of work out there but these leaches are too fucking lazy to get off the couch and are happy to let the rest of us finance their endless summer.

 

[SonOfSun]

My buddy just bought a 9 unit apartment in Rochester because he's always wanted to be a landlord. I had to ask: "WTF are you thinking?!" He said you can evict people. I said, "No you can't." He doesn't even believe the eviction moratorium is a real thing. He's in for a rude awakening.

How could he not believe it's a real thing? You can read the documents etc. straight from the congressional website.

https://crsreports.congress.gov/product/pdf/IN/IN11673

Effing hell lol.

 

[SonOfSun]

Growth lower than expected, inflation higher, more widespread, and lasting longer than expected, and many higher initial unemployment claims than expected. How can these morons still be fooled?
I’ve heard so many bullshit excuses on inflation and in the past month or two they all seem to be getting debunked. Inflation is higher, lasting longer, and spreading out over more and more commodities. That signals were in it for the long haul as I suspected. How can these morons be experts if I knew it?

U.S. GDP rose 6.5% last quarter, well below expectations

While the GDP gain would have been strong prior to the pandemic, it was considerably less than the 8.4% Dow Jones estimate.

www.cnbc.com

You mean "printing" 5 trillion dollars of currency would cause inflation? Who knew?!?

Unless they are a bunch of smoothbrains, they knew it. They just wouldn't say it.

 

[Saltwater60]

You mean "printing" 5 trillion dollars of currency would cause inflation? Who knew?!?

Unless they are a bunch of smoothbrains, they knew it. They just wouldn't say it.

Ask a bunch of liberals. I’ve literally been told inflation can’t happen unless we are fully employed and we’re still not. I’ve also been told printing money and creating debt doesn’t cause inflation because it’s just the government creating debt and borrowing from the government.

the other thing that dumbfounds me is that morons are still calling for another stimulus and student loan forgiveness of $50,000. They also want minimum wage to be $25/hour. They don’t realize what they are asking for. Joe Biden won’t do student loan forgiveness because it will cause a huge spike in inflation and these morons just can’t wrap their heads around that.

 

[Bigfoot]

Ask a bunch of liberals. I’ve literally been told inflation can’t happen unless we are fully employed and we’re still not. I’ve also been told printing money and creating debt doesn’t cause inflation because it’s just the government creating debt and borrowing from the government.

the other thing that dumbfounds me is that morons are still calling for another stimulus and student loan forgiveness of $50,000. They also want minimum wage to be $25/hour. They don’t realize what they are asking for. Joe Biden won’t do student loan forgiveness because it will cause a huge spike in inflation and these morons just can’t wrap their heads around that.

 

[Bigfoot]

How is it that I seem to be the only guy that doesn't know or talk to any liberals.
I don't live amongst any that I know of... Or talk to any of them... I don't even work with any liberals.

I guess that I'm just very fortunate. Or maybe that I live, work, and play, in farm country... IDK
I must live in a bubble. But it's a bubble of sanity.

There's a fair amount of gun shots that goes on around here, day and night.
Slow moving farm machinery on the roads. Stinky farms too.
Liberals should probably stay out. That kind of stuff would get them upset.

 

[libertysnake]

How is it that I seem to be the only guy that doesn't personally know any liberals.
I don't live amongst any that I know of... Or talk to any of them... I don't even work with any liberals.

I guess that I'm just very fortunate. Or maybe that I live, work, and play in farm country... IDK
I must be live in a bubble. But it's a bubble of sanity.

See, I'm not sure that's a good thing though. It's through finding common ground that you humanize a relationship and bring someone to the table. You want to be talking with these people about non-politics so they see the "other side" as just as human -- that's how to break down the hatred that politicians have instilled in us against each other for their own aims.

It's like Dale Carnegie's advice in "How to Win Friends and Influence People." If you want to get the business, talk to someone about something you have in common. In the example, he uses boating I think. Everyone can get behind that. Everyone likes motorboating, especially @Darth.