Login required to started new threads

Login required to post replies

Prev Next
Re: US economy [spudone] [ In reply to ]
Quote | Reply
Democrats’ democracy alarmism flops with voters (msn.com)


The democracy is under attack argument doesn't seem to be impactful as some had hoped. The abortion argument is getting lost in the inflation and costs of living problems.


Pelosi’s hearings into the Jan. 6 riot not only served to keep Trump in the foreground, they also propped up the ongoing Democratic campaign theme that American democracy itself is under attack. Ever obliging, the media have perpetuated this alarmism, tying together charges that the GOP aims to suppress voting, that various candidates tried to overturn the 2020 election and that the very structure of our government – the Electoral College and makeup of the Supreme Court, especially – puts our democracy in peril.
The public isn’t buying it. Political pundit Blake Hounshell recently wrote in the New York Times that “democracy is not shaping up to be the driver of votes that many on the left hoped it would be.” Clearly disappointed, he concedes that inflation is more top of mind. Yup, when 82 percent of the country says they are having to cut back on food, the soaring cost of living is probably a more compelling issue.
My thesis has always been people don't care about anything else if they can't eat, get to work or put a good roof over their head. Those seem to be the kinds of things people are having trouble with and now blame the D for. Will see in the midterms if my thesis holds up.
Quote Reply
Re: US economy [SDG] [ In reply to ]
Quote | Reply
SDG wrote:
Democrats’ democracy alarmism flops with voters (msn.com)


The democracy is under attack argument doesn't seem to be impactful as some had hoped. The abortion argument is getting lost in the inflation and costs of living problems.

I read that piece and the author didn’t mention why that is bad. The author seemed to be fine with that result.

The author failed to also say how ridiculous it would be to vote for GOP, since they will do everything possible to make the economy worse.

Those are important things the author should have included. Unless the author is ok with those things.
Quote Reply
Re: US economy [spudone] [ In reply to ]
Quote | Reply
spudone wrote:
Tylertri wrote:
Trick wrote:
U.S. GDP accelerated at 2.6% pace in Q3, better than expected as growth turns positive.

"https://www.google.com/...-turns-positive.html"

Good news for Dems with midterms?


New GDP number not nearly as positive as Biden White House's spin. Here's why (msn.com)


net of net I would say positive for everyone including Dems with midterm. But see attached for some counterpoints.

From the link

The third quarter GDP report does not show a stronger consumer or a healthy business climate. Rather, consumer expenditures grew at an anemic 1.4% and business investment fell for the second quarter in a row, dropping 8.5%. These two categories combined for a decrease of 0.62 percentage points to GDP while government spending grew 2.4%. Even including the nonproductive government sector, these three categories combined contributed -0.2 percentage points to GDP growth.


Healthy business sector
Jobs
Low inflation

pick 2 (maybe)

It was driven in large part by net exports. That is most likely not sustainable. Or not as sustainable as consumer and business spending.

It may kick the can down the road a quarter and allow for other change.

Again, from my view it's a net positive.

But there are still some major negative underpinnings which need to be addressed. And aren't going to be by someone in charge who can't/won't even be honest about where we are and how we got here. If that changes (because of midterms) maybe we can begin down the proper road(s)
Quote Reply
Re: US economy [Tylertri] [ In reply to ]
Quote | Reply
Tylertri wrote:
But there are still some major negative underpinnings which need to be addressed. And aren't going to be by someone in charge who can't/won't even be honest about where we are and how we got here. If that changes (because of midterms) maybe we can begin down the proper road(s)

Who exactly will be in charge, after the midterms, that will “be honest about where we are and how we got here”?
Quote Reply
Re: US economy [chaparral] [ In reply to ]
Quote | Reply
chaparral wrote:
Tylertri wrote:

But there are still some major negative underpinnings which need to be addressed. And aren't going to be by someone in charge who can't/won't even be honest about where we are and how we got here. If that changes (because of midterms) maybe we can begin down the proper road(s)


Who exactly will be in charge, after the midterms, that will “be honest about where we are and how we got here”?

same guy who's in charge now.
Quote Reply
Re: US economy [Tylertri] [ In reply to ]
Quote | Reply
Tylertri wrote:
chaparral wrote:
Tylertri wrote:

But there are still some major negative underpinnings which need to be addressed. And aren't going to be by someone in charge who can't/won't even be honest about where we are and how we got here. If that changes (because of midterms) maybe we can begin down the proper road(s)


Who exactly will be in charge, after the midterms, that will “be honest about where we are and how we got here”?

same guy who's in charge now.

How would being honest help if there is a Republican house that will actively prevent Biden from fixing anything and will actively try and make it worse?
Quote Reply
Re: US economy [chaparral] [ In reply to ]
Quote | Reply
chaparral wrote:
Tylertri wrote:
But there are still some major negative underpinnings which need to be addressed. And aren't going to be by someone in charge who can't/won't even be honest about where we are and how we got here. If that changes (because of midterms) maybe we can begin down the proper road(s)

Who exactly will be in charge, after the midterms, that will “be honest about where we are and how we got here”?

If people were being honest they would admit that we have a market economy. The idea that the president is somehow “in charge” of the economy is just delusional and is further evidence that many in today’s GOP have a very limited understanding of how the economy works.
Quote Reply
Re: US economy [chaparral] [ In reply to ]
Quote | Reply
chaparral wrote:
Tylertri wrote:
chaparral wrote:
Tylertri wrote:

But there are still some major negative underpinnings which need to be addressed. And aren't going to be by someone in charge who can't/won't even be honest about where we are and how we got here. If that changes (because of midterms) maybe we can begin down the proper road(s)


Who exactly will be in charge, after the midterms, that will “be honest about where we are and how we got here”?


same guy who's in charge now.


How would being honest help if there is a Republican house that will actively prevent Biden from fixing anything and will actively try and make it worse?

I think you and Nutcase should sit here and agree with each other. You've only got a couple weeks before getting your ass handed to you. It seems like you and he are a little premature with your sore loser talk already.

After the mid terms the President will be forced to work with a body who isn't going to allow him to continue to spend trillions of dollars on things that don't stimulate our market economy. If he wants to continue to lie about how things are and how none of it is his fault he is free to continue to do that. Certainly Nutcase will be here to carry his water.

Your party is facing a generational set of losses over the last and the next two elections. And you've painted yourself into a serious corner with a geriatric leadership base and a fruit loop multiple minority in the second seat that you won't be able to work around. You and Nutcase (and the President) can sit here being "right" after the midterms. Or you can start to do something about it.


I'm good with what I see happening now.
Quote Reply
Re: US economy [Tylertri] [ In reply to ]
Quote | Reply
Tylertri wrote:


Your party is facing a generational set of losses over the last and the next two elections..


The last? Huh? The Democrats got control of the House, Senate, and White House in the last election.

You seem very confident about the midterms. Instead of tossing out childish insults how about some facts? If this is going to be a "Generational" loss in November how many seats will the Democrats lose in the house? Trump lost 40. Obama lost 63. How many will Sleepy Joe lose?

You also seem very confident that the GOP has the policies that will "right the ship".......but never seem to mention those policies.
Quote Reply
Re: US economy [Nutella] [ In reply to ]
Quote | Reply
Nutella wrote:
Tylertri wrote:


Your party is facing a generational set of losses over the last and the next two elections..


The last? Huh? The Democrats got control of the House, Senate, and White House in the last election.

You seem very confident about the midterms. Instead of tossing out childish insults how about some facts? If this is going to be a "Generational" loss in November how many seats will the Democrats lose in the house? Trump lost 40. Obama lost 63. How many will Sleepy Joe lose?

You also seem very confident that the GOP has the policies that will "right the ship".......but never seem to mention those policies.

There are no policies. There is no plan.

I mean other than to make things even shittier for the average American for the next two years so that the average American will vote in a GOP president.

Somehow these fuckwits think that is good.

How does Danny Hart sit down with balls that big?
Quote Reply
Re: US economy [Tylertri] [ In reply to ]
Quote | Reply
What is a multiple minority and why is it an insult?



"Are you sure we're going fast enough?" - Emil Zatopek
Quote Reply
Re: US economy [Tylertri] [ In reply to ]
Quote | Reply
Tylertri wrote:
chaparral wrote:
Tylertri wrote:
chaparral wrote:
Tylertri wrote:

But there are still some major negative underpinnings which need to be addressed. And aren't going to be by someone in charge who can't/won't even be honest about where we are and how we got here. If that changes (because of midterms) maybe we can begin down the proper road(s)


Who exactly will be in charge, after the midterms, that will “be honest about where we are and how we got here”?


same guy who's in charge now.


How would being honest help if there is a Republican house that will actively prevent Biden from fixing anything and will actively try and make it worse?


I think you and Nutcase should sit here and agree with each other. You've only got a couple weeks before getting your ass handed to you. It seems like you and he are a little premature with your sore loser talk already.

After the mid terms the President will be forced to work with a body who isn't going to allow him to continue to spend trillions of dollars on things that don't stimulate our market economy. If he wants to continue to lie about how things are and how none of it is his fault he is free to continue to do that. Certainly Nutcase will be here to carry his water.

Your party is facing a generational set of losses over the last and the next two elections. And you've painted yourself into a serious corner with a geriatric leadership base and a fruit loop multiple minority in the second seat that you won't be able to work around. You and Nutcase (and the President) can sit here being "right" after the midterms. Or you can start to do something about it.


I'm good with what I see happening now.

What incentive does the GOP have actually address any issue they get control of either house? Just name me one incentive.

Let alone enough of an incentive that outweighs having a trash fire economy in 2024 to hang on Joe Biden.

Face it a vote for the GOP in this election is a vote for economic suffering for many Americans. But you seem to actually be wanting that. Which is fucking wild.

Also what exactly do you mean by "a fruit loop multiple minority"?
Quote Reply
Re: US economy [BLeP] [ In reply to ]
Quote | Reply
BLeP wrote:
Nutella wrote:
Tylertri wrote:


Your party is facing a generational set of losses over the last and the next two elections..


The last? Huh? The Democrats got control of the House, Senate, and White House in the last election.

You seem very confident about the midterms. Instead of tossing out childish insults how about some facts? If this is going to be a "Generational" loss in November how many seats will the Democrats lose in the house? Trump lost 40. Obama lost 63. How many will Sleepy Joe lose?

You also seem very confident that the GOP has the policies that will "right the ship".......but never seem to mention those policies.


There are no policies. There is no plan.

I mean other than to make things even shittier for the average American for the next two years so that the average American will vote in a GOP president.

Somehow these fuckwits think that is good.

It may not even be done through competence. If the GOP only win a small minority, the house will be absolute chaos. There is no way they are going to be able to keep the bat shit crazy members in line. MTG will require billions in any budget to defend against Jewish space laser. Which means they won't have her vote and they won't have Democrats votes for their budget to gut social security and defund the IRS, so they can't lose any votes from any of their other crazies, which there are so many. So there will not even be a budget that can pass the house. So the government shuts down just because Republicans can't work together. Do people not remember the absolute shit show the house was following 2016? They had trouble finding someone that even wanted to be speaker. It will be so much worse now, there are so many new jackasses.

It is insane to give this absolute nut jobs power, but some people just want to see the right people hurt.
Quote Reply
Re: US economy [Bretom] [ In reply to ]
Quote | Reply
Bretom wrote:
What is a multiple minority and why is it an insult?

It speaks exceptionally bad of someone to throw that out as an attempted insult. It is the kind of thing that is not possible to come back from.

If a good friend used that as an insult we would no longer be friends.

I'm beginning to think that we are much more fucked than I thought.
Quote Reply
Re: US economy [windywave] [ In reply to ]
Quote | Reply
windywave wrote:

Explain how you arrive at a determination of greed....

Pretty much like this.



Slowguy

(insert pithy phrase here...)
Quote Reply
Re: US economy [Bretom] [ In reply to ]
Quote | Reply
Bretom wrote:
What is a multiple minority and why is it an insult?

It would seem that Tyler does not want to answer. Let me provoke him into explaining his way out of the hole he dug. He has had nothing good to say about VP Harris since whenever. She is the daughter of a Black American father and an Indian mother--multiple minority. What her ancestry has to do with her performance and the why of it does beg for an explanation
Quote Reply
Re: US economy [Trick] [ In reply to ]
Quote | Reply
German Inflation Unexpectedly Soars

https://www.bloomberg.com/...ource=uverify%20wall

10.4% , food costs up 20.3%

Clearly Biden and Trudeau's fault.......but don't worry, Dr. Oz and Herschel Walker will fix it.
Quote Reply
Re: US economy [Nutella] [ In reply to ]
Quote | Reply
In Liz We Truss will fix it..... oh wait
Quote Reply
Re: US economy [Nutella] [ In reply to ]
Quote | Reply
Nutella wrote:
German Inflation Unexpectedly Soars

https://www.bloomberg.com/...ource=uverify%20wall

10.4% , food costs up 20.3%

Clearly Biden and Trudeau's fault.......but don't worry, Dr. Oz and Herschel Walker will fix it.

How long does sustained inflation have to go on before major publications stop screwing up the headlines?

"Consumer prices jumped 11.6% in October"

<scrolls down>

"Consumer prices in Europe’s largest economy rose 11.6% from a year earlier"



"Are you sure we're going fast enough?" - Emil Zatopek
Quote Reply
Re: US economy [Bretom] [ In reply to ]
Quote | Reply
Bretom wrote:
Nutella wrote:
German Inflation Unexpectedly Soars

https://www.bloomberg.com/...ource=uverify%20wall

10.4% , food costs up 20.3%

Clearly Biden and Trudeau's fault.......but don't worry, Dr. Oz and Herschel Walker will fix it.

How long does sustained inflation have to go on before major publications stop screwing up the headlines?

"Consumer prices jumped 11.6% in October"

<scrolls down>

"Consumer prices in Europe’s largest economy rose 11.6% from a year earlier"

Agree, I hate that too.
Quote Reply
Re: US economy [Nutella] [ In reply to ]
Quote | Reply
On Topic: US Economy

Jobs/Wages:
I still see almost every store 'hiring' and wages are way, way up as advertised.
This must mean they need people work and sell their products, so they can't be not selling products and making enough money to keep the doors open.
Does that mean the supply chain isn't all that bad or do employers just need people to do basic stuff?

Mortgage Rates/Housing:
I've watched a lot of 10/20% price cuts here on homes for sale in the last month and mortgage rates continue to climb, now above 7%

Inflation:
If almost everywhere is hiring (Grocery, retail, etc) workers they must be selling products and receiving products to sell (supply chain) yet hiring more people costs more money and then they have to charge more for products which puts the prices back up and costs to the consumers.

GDP:
If US businesses are hiring (production, retail, agriculture) they must be doing business and producing products. Yet they can't raise prices on these products without causing inflation, so can they cut costs (negotiate, labor, wages, etc)

What gives in this cycle?
Quote Reply
Re: US economy [Bretom] [ In reply to ]
Quote | Reply
Bretom wrote:
Nutella wrote:
German Inflation Unexpectedly Soars

https://www.bloomberg.com/...ource=uverify%20wall

10.4% , food costs up 20.3%

Clearly Biden and Trudeau's fault.......but don't worry, Dr. Oz and Herschel Walker will fix it.


How long does sustained inflation have to go on before major publications stop screwing up the headlines?

"Consumer prices jumped 11.6% in October"

<scrolls down>

"Consumer prices in Europe’s largest economy rose 11.6% from a year earlier"

It works both ways. Biden says inflation only up 0.1 percent or something in july and august. But up 10 percent plus in the last year. So inflation only went from 10 to 10.1 percent annually over the month. Yeah! says all the shoppers.

They constantly try to escape from the darkness outside and within
Dreaming of systems so perfect that no one will need to be good T.S. Eliot

Quote Reply
Re: US economy [spockman] [ In reply to ]
Quote | Reply
spockman wrote:
Bretom wrote:
Nutella wrote:
German Inflation Unexpectedly Soars

https://www.bloomberg.com/...ource=uverify%20wall

10.4% , food costs up 20.3%

Clearly Biden and Trudeau's fault.......but don't worry, Dr. Oz and Herschel Walker will fix it.


How long does sustained inflation have to go on before major publications stop screwing up the headlines?

"Consumer prices jumped 11.6% in October"

<scrolls down>

"Consumer prices in Europe’s largest economy rose 11.6% from a year earlier"


It works both ways. Biden says inflation only up 0.1 percent or something in july and august. But up 10 percent plus in the last year. So inflation only went from 10 to 10.1 percent annually over the month. Yeah! says all the shoppers.

Yeah! say all the companies making huge profits.

Slowguy

(insert pithy phrase here...)
Quote Reply
Re: US economy [Trick] [ In reply to ]
Quote | Reply
Trick wrote:
I don't think think this is the Dems fault considering it is worldwide phenomenon.

I'd say that all gov'ts in major countries share some of the blame. When major countries like US, Germany, France, Britain etc all over stimulate their economies at the same time this is the result. It is clear they did it because it was popular to do during covid. Small countries like Canada get sucked along for the ride. Small countries did have policy options such as Canada could have produced and transported natural gas to tidewater but didn't do thus shooting themselves and the Europe in the foot. Germany comes begging for natural gas and we promise hydrogen that we have not even started making yet. In addition to all that it was/is popular to not produce enough oil and gas in these countries and in the case of Europe depend on Russian oil and gas.

Smarter countries like Norway are cashing in. As is the Netherlands although they are killing their highly productive agricultural sector due to climate initiatives.

They constantly try to escape from the darkness outside and within
Dreaming of systems so perfect that no one will need to be good T.S. Eliot

Quote Reply
Re: US economy [Bumble Bee] [ In reply to ]
Quote | Reply
Bumble Bee wrote:
I think we are headed to a recession within the next couple of months, regardless of the elections.

I'm starting to see construction projects getting put on hold "while we wait to see what the economy does"

The Amazon headquarters here put their office building on hold a couple of months ago. At the time they said to reconfigure the offices for a more hybrid working environment. Today they announce they are doing a hiring freeze here. They promised 5,000 corporate jobs and they have only hired 2,500.

But apartments and hotels are still being built here.

I also read today in the legal press, that at least one Big Law firm has started firing associate attorneys, calling it for performance instead of layoffs.

Quote:
Amazon.com Inc. (NASDAQ: AMZN) will freeze hiring for corporate and tech roles in its retail division for the rest of the year, The New York Times reported Tuesday.

The report said recruiters received an email telling them that any open orders to fill roles should be closed within the next few days and that all hiring for retail and operations jobs globally would be halted until the beginning of 2023. Recruiters could still offer roles to candidates who had interviews scheduled before Oct. 15, but they wouldn't start until next year.

clm
Nashville, TN
https://twitter.com/ironclm | http://ironclm.typepad.com
Quote Reply

Prev Next