Thread: American Politics
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06-16-22 16:14 #8557
Posts: 648Originally Posted by DramaFree11 [View Original Post]
No matter how you vote, the system has been so corrupted that it will take a monumental effort to restore a fair and responsive government.
As to your comments DF. I guess I need to add that more money needs to be spent on improving education. My third grade nephew would gasp at the plethora of grammatical errors you made in one sentence. If you don't know the difference between singular and plural, or between adjectives and possessives and between 'due' and 'do'. Perhaps your opinion isn't worth considering.
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06-16-22 15:19 #8556
Posts: 2580Its about time, WAPO concedes that Biden lost in 2020
Originally Posted by DramaFree11 [View Original Post]
https://www.washingtonpost.com/polit...strict-flores/
Republicans won one in New York City, of all places, early in 2012′s cycle. And Democrats actually took over a seat in California in 2020 — right before they lost the White House.
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06-16-22 14:39 #8555
Posts: 2580I'm just sayin
Originally Posted by EihTooms [View Original Post]
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06-16-22 07:00 #8554
Posts: 5385Originally Posted by Gino02 [View Original Post]
But the combination of surging oil and gas prices following Russias invasion of Ukraine, broader inflation worries resulting from continued supply chain disruptions and fears about aggressive interest rate hikes by the Federal Reserve have sent the market into a tailspin in 2022.
Sure enough, as of today the S&P 500 closed 0. 2% below where it was when Biden took office on January 20,2020.
Then again, it's only June 15th.
On December 24,2018, the end of Trump's nearly two full years in office with none of those above cited Trump messes to be cleaned up yet, the S&P 500 closed only 3. 5% above where it was the day he took office and inherited a far, far better set of economic conditions.
So which potus' policies and stewardship was worse?
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06-16-22 04:24 #8553
Posts: 689Originally Posted by ScatManDoo [View Original Post]
That is what you wrote. FDR died before the end of WW2 so yes the polices would be stiff in the morbid sense.
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06-16-22 03:41 #8552
Posts: 2777Why did I go short? Was it due to some graph shape?
No, it was due to retirement accounts being filled in April, an inverted yield curve, the fed selling assets from its balance sheet, the fed raising interest rates, and lastly the complete incompetence of the Biden administration.
Kevin O'Leary AKA Mr. Wonderful from Shark Tank was on a CNBC show and said that Biden could get oil to less than $100 a barrel if he green lighted the keystone pipeline, announced that he would license 3 refineries on the East Coast, and gave direction on how carbon production is going to be dealt with.
And here is the thing: I totally agree with that.
The CNBC host said if you think Biden will do that, I have a bridge to sell you.
And I totally agree with that too. Biden's latest stupid move was to blast refiners for making money like that is going to do anything.
It is hilarious to me that you are so dumb you do not get that when money is being pulled from the market, it will go down. When the government and Fed were spending and printing money, the market went up. The Biden rally was due to free money not smart policies.
And when you print free money and increase its supply, the value of assets and goods go up AKA inflation which we have now.
And the best line I heard was the Fed's dual mandate was not unemployment and inflation but the NASDAQ and S&P 500.
And I was short oil when Obama was in office because he had competent policies, and oil production soared while he was in office. When it comes to oil (and almost everything else), his administration is totally incompetent. All they do is finger point.
Yep, you forgot to mention the latest aid package to Ukraine, another great decision. Why anyone would attack the oil companies now, make zero sense, he needs to find a solutions, but this is what democratic's due, they love to blame everyone, but themselves. Everything he touches goes to shit. The layoffs and the cutbacks are coming next. This totally sucks!
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06-16-22 03:33 #8551
Posts: 2777Originally Posted by Gino02 [View Original Post]
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06-16-22 01:59 #8550
Posts: 5385Oh, so much more work than I care to do anymore
Originally Posted by Elvis2008 [View Original Post]
You don't like inflation as high today as it was at the end of Reagan's first year in office while his typically disastrous Repub economic stewardship was also driving up the Unemployment Rate (which had been trending downward for months before he took office from a one month peak in mid 1980 of 7. 8% and continued to trend downward deep into his first year in office) to almost 9% and would soon top 10%+ for almost a full year?
Here's your due diligence on that; stop voting for Repubs or anyone other than Dems and there will be scant few if any massive economic downturns, hundreds of thousands of businesses destroyed, jobs wiped out by millions etc in your lifetime for which inflation-triggering government intervention spending will always be required to pull us out of it.
Now, see, you just underscored a huge difference between the kind of Long Term investing I have done for the past 30 years and the in-out, shorts, daily if not hourly scrambling due diligence you are up to all the time like you really need the money and quick, more than likely to recoup losses from previous higher risk short term in and out timing bets that didn't happen to work out so well.
While you've been busy scrambling around, contacting financial advisors, reading this and that report to catch a lead on where, when and how to toss the dice next in order to score a fast and desperately needed buck, you know, "Luck, be a lady tonight! Baby needs a new pair of shoes" my Long Term investing over the past 30 years has already long ago bought and established enough of a no risk income stream to fully fund a ridiculously comfortable retirement where the only due diligence I bother to muse on is will I have pizza for lunch and steak for dinner or the other way around and will I have the freebie 19 year old cutie just learning to give a great, full and complete blowjob or the lovely 22 year old honey with a delightfully snug and warm vagina for the evening.
I don't even need to check what the stock market is doing this hour, day, week, month or year or worry about where it and this or that sector will go next.
Those are two very different life and investment choices.
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06-15-22 18:47 #8549
Posts: 2344Originally Posted by GDreams [View Original Post]
Not Certain?
Look at my prior post, when I state that fact.
Can't find my missing post?
Why was it removed?
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06-15-22 18:37 #8548
Posts: 1138CNN Breaking News!
President Biden delivered on the promise of bringing the country together. Now all Americans, irrespective of party affiliation and except for the top 1%, are suffering and sinking collectively.
"CNN reporter says Biden worse than Jimmy Carter on inflation, Americans holding him responsible".
https://www.foxnews.com/media/cnn-re...im-responsible
"All of Joe Biden's stock market gains have evaporated".
https://www.cnn.com/2022/06/14/inves...ket/index.html
"Biden acknowledges inflation sapping the strength of a lot of families".
https://www.cnn.com/2022/06/14/polit...ion/index.html
Who's not missing mean tweets now? Please raise your hand, Thank you!
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06-15-22 18:29 #8547
Posts: 3160Originally Posted by EihTooms [View Original Post]
Why did I go short? Was it due to some graph shape?
No, it was due to retirement accounts being filled in April, an inverted yield curve, the fed selling assets from its balance sheet, the fed raising interest rates, and lastly the complete incompetence of the Biden administration.
Kevin O'Leary AKA Mr. Wonderful from Shark Tank was on a CNBC show and said that Biden could get oil to less than $100 a barrel if he green lighted the keystone pipeline, announced that he would license 3 refineries on the East Coast, and gave direction on how carbon production is going to be dealt with.
And here is the thing: I totally agree with that.
The CNBC host said if you think Biden will do that, I have a bridge to sell you.
And I totally agree with that too. Biden's latest stupid move was to blast refiners for making money like that is going to do anything.
It is hilarious to me that you are so dumb you do not get that when money is being pulled from the market, it will go down. When the government and Fed were spending and printing money, the market went up. The Biden rally was due to free money not smart policies.
And when you print free money and increase its supply, the value of assets and goods go up AKA inflation which we have now.
And the best line I heard was the Fed's dual mandate was not unemployment and inflation but the NASDAQ and S&P 500.
And I was short oil when Obama was in office because he had competent policies, and oil production soared while he was in office. When it comes to oil (and almost everything else), his administration is totally incompetent. All they do is finger point.
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06-15-22 02:43 #8546
Posts: 689Originally Posted by ScatManDoo [View Original Post]
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06-15-22 02:17 #8545
Posts: 5385Originally Posted by JustTK [View Original Post]
That Repub policy has been quickly followed by major economic declines and massive job losses as often and predictably as night following day. And I don't know which one of those Great Repub Depressions / Recessions "favoured" business at all much less as much as the Dems' opposite agenda favoured workers, consumers and, consequently, business in truly historic fashion over the decades.
The Repubs certainly talk a good game about how their favorite SS / TD policies combined with cutting regulations and so on are surely "pro business. " But in at least 100 years that has yet to happen rather than one disastrous major economic decline after another with businesses collapsing, failing, laying off employees and closing their doors in droves.
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06-15-22 01:54 #8544
Posts: 5385You're still struggling with the basic concept I see
Originally Posted by Elvis2008 [View Original Post]
Wow.
And after I urged you to open your notebook to page one to review it.
I was down about 20% in 2018, Trump's second year in office as well. Remember that one? In that Bear Market decline in the broad USA market Trump's disastrous economic decisions hadn't yet even begun to mass murder Americans, wipe out millions of jobs, destroy global economies and supply-chains, trigger the inevitable inflation on the recovery, his boyfriend had not yet blundered into the dumbest war and oil supply disruption event of all time and so on.
No, that 2018 Bear Market decline was simply the result of typical crap Repub economic "stimulus" legislation and stewardship. Trump's next Bear Market decline, a much deeper one in 2020, happened as a result of those other economic decisions of his minus the boyfriend bit.
But guess what. We Long Term investors who were already fully invested in the broad market recovered from those two Trump Bear Market declines over just two years and were there for the all time record closing highs under Biden in the following year. Just as we will after this Bear Market decline not yet in the Dow, your favorite measure, BTW.
And I didn't even need to run to a highly paid "financial advisor" to figure out what to do about a Long Term investment I barely need to pay attention to at all until 5, 10 or maybe 15 years from now when I might want to buy something big or give it away to a favorite Thai honey.
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06-14-22 23:44 #8543
Posts: 1138CNN Breaking News!
Biden-Harris administration announces new and truly innovative plan to win the 2024 presidential election. They requested Trump (with AOC as VP) to take over immediately so that they can again blame Trump and his cronies for everything, and thus win the 2024 election easily with all-main-in ballots.