American Politics

[ScatManDoo]

And yet, with your Master's Degree and your well-compensated-more-than-six-figure job at a top financial company, you still would recommend that a client should take FUX "News" (with 3 MM viewers) free commercial placement over CBS News' same offer (with 5 MM viewers) because 3 million is greater than 5 million?

Somebody is ripping off the company for which you work and I think it is you. Anybody who believes that 3 million is greater than 5 million isn't worthy of a 3rd grade graduation certificate, much less a Masters Degree. And a 6-figure salary? ROFL.

I used to think highly of the education systems in the state California.

But this self-proclaimed product of that educational system has me realizing that some students can fake it and graduate.

3 million viewers are greater than five million? Really Cali Guy?

Delusions that poster has that I went and wrote about going to school in San Diego? Where did you pull that out of Cali Guy?

He has not demonstrated acceptable reading comprehension that any on my fellow instructors would have found acceptable.

[MarquisdeSade1]

"With inflation at 7%, the highest rate since 1982, and the Federal Reserve set to tighten monetary policy, you would think the president and Congress would be looking for ways to end the spending spree in Washington. Yet remarkably, bipartisan discussions abound to increase this year's omnibus appropriations by 16%almost a quarter of a trillion dollarspass another round of Covid stimulus, and resurrect the $1. 7 trillion Build Back Better bill. It is hard to recall a greater disconnect between economic reality and public policy in American history.

This inflation has been driven by an explosion of federal spending, which was set to average 20% of gross domestic product in 2020 and 2021. Instead it doubled to 40% of GDP in a 12-month period as pandemic spending exploded. The multiple stimulus bills did more than fill the gap in aggregate demand. Spending surged as the pandemic shutdown reduced employment and production during that period by an average of 7%. In this textbook case of inflation, $1. 20 of income began chasing 93 cents of goods and services, a process greased by expansive monetary policy, and that mismatch sent inflation to a 40-year high.

Checking-account balances are still 350% of their pre-pandemic level. Of the $5. 8 trillion in total Covid stimulus approved by Congress, some $400 billion has yet to be spent. Massive state surpluses have emerged from federal grants. All states combined are sitting on $113 billion in ready cash. Median household real wealth has surged by $27 trillion since the pandemic began, generating a potentially massive wealth effect on consumption.

The producer price index, a key driver of consumer prices, rose 9. 7% in 2021, while import prices, usually a moderator of inflation, rose 10.4%. And 75% of the 17% rise in housing costs last year has yet to show up in consumer prices because rental leases cause shelter costs to lag behind increases in housing costs. Shelter costs make up a third of the consumer price index.

https://amgreatness.com/2022/02/07/w...ming-spanking/

[EihTooms]

Trump policies raised wages, grew the economy, and there was no inflation to speak of hence real wages rose and the American people were better off than under the previous administration. That is called prosperity.

One year of dumbass Biden policies and the US has the highest rate of inflation since Jimmy Carter. Wages have risen too, but not as much as inflation hence real wages have declined under Biden and the American people are much worse off AND THEY KNOW IT! Rising wages are not the problem. Dumping trillions of dollars into the economy, shutting down the Keystone pipeline, and over regulating oil and petrochemical industry is the root cause. It is all on Biden.

Furthermore, US Economic conditions are only going to get worse over the next 3 years while Biden eats his ice cream cones and takes long afternoon naps in the White House. Just wait until the Fed begins to raise interest rates! Fasten your seat belts. It's going to be a wild ride: Historians will call the next 3 years Jimmy Carter Part Deux.

Where did you get that "highest rate of inflation since Jimmy Carter" bit?

Carter wasn't president in 1983. Without even doing a Google Search, I can assure you 1983 was Ronnie Reagan's 3rd year as president:

"Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983"

https://www.cnbc.com/amp/2022/01/28/...ince-1983.html

Oh, I can also assure you wages under Reagan's policies were not rising as much in 1983 as they have under Biden.

You know how I know that? Because 1983, Reagan's 3rd year in office, was still racking up 10%+ monthly Unemployment Rates thanks to Reagan's lambrain Repub argument economic policies and idiotic stewardship. And that is not compatible with rising American wages.

[EihTooms]

And neither will polls.

"With inflation at 7%, the highest rate since 1982, and the Federal Reserve set to tighten monetary policy, you would think the president and Congress would be looking for ways to end the spending spree in Washington. Yet remarkably, bipartisan discussions abound to increase this year's omnibus appropriations by 16%almost a quarter of a trillion dollarspass another round of Covid stimulus, and resurrect the $1. 7 trillion Build Back Better bill. It is hard to recall a greater disconnect between economic reality and public policy in American history.

This inflation has been driven by an explosion of federal spending, which was set to average 20% of gross domestic product in 2020 and 2021. Instead it doubled to 40% of GDP in a 12-month period as pandemic spending exploded. The multiple stimulus bills did more than fill the gap in aggregate demand. Spending surged as the pandemic shutdown reduced employment and production during that period by an average of 7%. In this textbook case of inflation, $1. 20 of income began chasing 93 cents of goods and services, a process greased by expansive monetary policy, and that mismatch sent inflation to a 40-year high.

Checking-account balances are still 350% of their pre-pandemic level. Of the $5. 8 trillion in total Covid stimulus approved by Congress, some $400 billion has yet to be spent. Massive state surpluses have emerged from federal grants. All states combined are sitting on $113 billion in ready cash. Median household real wealth has surged by $27 trillion since the pandemic began, generating a potentially massive wealth effect on consumption.

The producer price index, a key driver of consumer prices, rose 9. 7% in 2021, while import prices, usually a moderator of inflation, rose 10.4%. And 75% of the 17% rise in housing costs last year has yet to show up in consumer prices because rental leases cause shelter costs to lag behind increases in housing costs. Shelter costs make up a third of the consumer price index.

Inflation permanently increases entitlement spending via automatic indexing. The current 7% inflation will add $1.5 trillion in new spending over the next decade. Under current services budgeting, discretionary spending will rise by $641 billion. Given everything that's going on in the economy, how is it possible to justify a massive increase in the omnibus appropriations bill, a new stimulus bill, or the resurrection of Build Back Better?

In a final desperate effort to save Build Back Better and elevate government to the center of American life, Treasury Secretary Janet Yellen is trying to pitch the Biden economic agenda as "modern supply-side economics. " But whereas real supply-side economics creates a private incentive to work, save and invest, Ms. Yellen's approach expands government benefits as a way of "fixing supply-chain bottlenecks" and substitutes "public investment" for private investment.

In virtually every case where Ms. Yellen claims Build Back Better will expand employment and production, experience and logic suggest otherwise. Almost 43% of the first year's cost of the bill is funding the expanded child tax credit with no work requirement. A quartet of University of Chicago economists have concluded the expanded child tax credit would reduce labor supply by 1. 5 million workers, just as soaring pandemic transfer payments resulted in 2. 5 million workers dropping out of the labor market. More than 20% of the bill's first-year cost, $52 billion, would fund tax cuts for rich people in high-tax states, not exactly a supply-chain fixer.

Build Back Better would expand ObamaCare and other healthcare subsidies, which the Congressional Budget Office has consistently found reduces the supply of labor. The CBO concluded that it is "unclear" if family and medical leave would have a positive or negative effect on employment but "the magnitude would probably be small. "

Ms. Yellen's modern supply-side economics argues that government can invest based on enlightened political motives more efficiently than the private sector can invest based on the profit motive. But "federal investment is estimated" by the CBO "to yield half of the typical returns on investment completed by the private sector. " The European Union, with its larger government benefits, greener policies and more government intervention in the marketplace, doesn't seem to be benefiting from modern supply-side economics. Europe has grown at 1. 57% for 20 years while the USA Has averaged 2.1% growththat's more than a third higher. All of Ms. Yellen's claims ignore the negative economic effects sure to be produced by Build Back Better's tax increases..

Looks like every lamebrain argument for Repub economic policies over Dem economic policies repeatedly made during the past century.

Yet, it turned out those Repub arguments produced every major economic downturn and massive job losses and none of the great expansions and historic job gains during that century while the Dem arguments produced all of the great expansions and historic job gains and none of the major economic downturns.

Maybe Elvis 2008 can find a poll result somewhere that changes the actual, verifiable data to suit your preferred lamebrain Repub argument.

You know, a Gallup poll that miraculously shows Reagan's economy really did produce a higher average annual jobs creation record than Carter's did rather than the other way around, that Trump's disastrous economic decisions in 2018 and 2020 didn't really wipe out millions upon millions of jobs and nearly totally destroy worldwide Supply-Chains or that just the previous 2 Dem presidents' economies didn't really produce about as many jobs as all 9 of the Repub presidents of the past 100 years combined.

I've never heard of a poll changing an actual, verifiable record of results despite lamebrain arguments appearing to do so in the minds of desperate Repubs wishing to please, please make it so. But Elvis 2008 seems to believe in those kind of miracles.

[ScatManDoo]

When Mike Pence said these same words over the weekend.

I knew that I had heard them before.

Probably from numerous prestigious people.

Like this headline, that appeared in newspapers more than a year ago.

The GOP does not want you to believe your lying eyes.

They're in for a big surprise when TrumpShit gets convicted.

[Elvis 2008]

We already have.

Yeah, I was right, and you were wrong. Oil hit $91 a barrel yesterday. EIA forecast only went to $80. Whoops.

How can you possibly argue with someone who swears free market, yet has absolutely ZERO understanding of supply and demand -- the cornerstone of market economy?

LOL. In 2004, when oil prices went up for a decade, there was literally no spare capacity in the system. Everyone was pumping full out.

The EIA does not include Libya, Iran, and Venezuela in its calculation of OPEC spare capacity. If you add that to what the USA pumped in the past, what Russia pumped in the past, and the rest of OPEC's spare capacity, you are at a 10 million BPD surplus of oil.

So tell me Mr. Supply and Demand, why the fuck are oil prices so high?

Because Brandon is such a moron he has scared oil producers so much all over the world, they will not produce. Oil producers will not produce if they think the government is going to seize all their profits.

If Obama or Trump were president, I would put every penny I had into this oil short, https://finance.yahoo.com/quote/DTO?p=DTO.

And I bought DTO like crazy when Obama was president and made a killing.

Xpartan, you are too big of a Democratic douche to see the truth. I can praise both Obama and Trump, and you cannot. They had good energy policies. You are so screwed in the head that you think Obama and Biden are both great when their policies could not have been more different.

[ScatManDoo]

The producers (The January 6th committee) have been blocking out the timeslots for their biggest productions yet.

And lining up A-list talent to make guest star appearances are Michael Flynn, Ivanka Trump, and current east-coast headliner Mike Pence.

I understands that ensemble players Steve Bannon and Mark Meadows might be negotiating their release from other alternative obligations, that should affect the availability both.

Still no word yet as to whether the big smelly flop has been booked yet.

We will check next month with the booking desk for updates.

[PVMonger]

Bacon shot up 24% CNBC about an hour ago. 12 PC meal of KFC $52.00 personal experience two days ego. Good job Brandon. Just bark at Russia knowing there's nothing you can do even though you practically invited them into Ukraine with your "Anything short of a small incursion" stupid comment. Push that vaccine blame the Russians ignore inflation. Something got to change and it will come November.

And yet farmers and ranchers sell their chickens, hogs and steers for less than last year. So, if farmers and ranchers receive less for their animals and consumer prices are up, who is making the money? It couldn't be greed from the processors, could it? Or greed from the supermarkets, could it?

Naaaaah, it is just easier to blame Biden instead of putting the blame where it belongs. On the corporations who are raising prices and announcing record profits. No wonder Republicans like their voters uneducated!

[PVMonger]

Trump policies raised wages, grew the economy, and there was no inflation to speak of hence real wages rose and the American people were better off than under the previous administration. That is called prosperity.

One year of dumbass Biden policies and the US has the highest rate of inflation since Jimmy Carter. Wages have risen too, but not as much as inflation hence real wages have declined under Biden and the American people are much worse off AND THEY KNOW IT! Rising wages are not the problem. Dumping trillions of dollars into the economy, shutting down the Keystone pipeline, and over regulating oil and petrochemical industry is the root cause. It is all on Biden.

Furthermore, US Economic conditions are only going to get worse over the next 3 years while Biden eats his ice cream cones and takes long afternoon naps in the White House. Just wait until the Fed begins to raise interest rates! Fasten your seat belts. It's going to be a wild ride: Historians will call the next 3 years Jimmy Carter Part Deux.

Remind me again what home mortgage rates were during 1981?

[Canada]

You wrote this blabber nine months ago in in May.

What blather to you spew now after so many recounts found no evidence of democrats stealing elections?

Look to the republicans that used to darken the White House's doors.

Where there is evidence of election stealing.

As a matter of fact they did find irregular voting practices in Maricopa County that affected the votes. The democrat secretary of state admitted that a few thousand votes for Biden and democrats were not legal votes but they believed the people at the voting sites didn't understand the rules. They said they just weren't trained properly and it was not done intentionally. Yeh right!

[Canada]

Thanks for providing further evidence for my point in my previous post here. Well, of course, you hated Carter. Carter was a champion USA jobs creator. One of the top 2-3 best of all time.

But his overall economy was not Great in the way it was under LBJ, Clinton, Obama and now Biden. It's just that his jobs creation results and tax policies were objectively more effective for growing a real economy than those of Hoover, Eisenhower, Nixon / Ford, Reagan, Bush1, Bush2 and certainly Trump. Yeah, I'll even include Coolidge despite his higher average annual percentage of job gains during his 5 years in office since many millions more jobs than were created were wiped out starting less than 1 year after he got out without his successor, Repub Hoover, changing one thing legislatively, proving Coolidge's policies were nothing but a smoke and mirror disaster. Wiped out all the impressive stock market gains Coolidge presided over too.

I'm guessing you dearly loved the presidents whose USA jobs creation results were either simply inferior to Carter's or downright spectacularly godawful like Eisenhower, Reagan, Bush1, Bush2 and Trump, right? Maybe even Hoover.

I see you still are in Fantasyland. Continued lies and fabrications don't make it real.

[Axel Heyst]

Exactly what did Trump do about it?

What could he do? Declare Marshal Law and move the National Guard into the City? Arrest the Mayor and the District Attorney? Constitutionally it is up to the Governor and the Mayor to request the National Guard. The President could have asked Congress to make it a Federal Crime (with a mandatory 5 year prison sentence) to possess an illegal handgun, but the bill would never have made it through Congress over the Marxist Left Senate filibuster.

The bottom line is as long as the citizens of Chicago and all other Democrat controlled cities keep voting for the Democratic Party machine candidates and specifically for District Attorney's like Kim Foxx, who will not prosecute violent criminals, the murders will continue unabated.

Example: https://www.bizpacreview.com/2021/10...ation-1145347/.

"Insanity is doing the same thing over and over again, but expecting different results. " Black Lives apparently do not matter to Democrats and Woke-tards. The proof is that this black on black slaughter has been going on for over 20 years in these one party Democrat controlled cities and nothing has been done about. The murders do not even make airtime on CNN, MSNBC or Disney propaganda news networks because they do not support the party narrative, so they are deemed not newsworthy. And that is Racism in America today.

[Axel Heyst]

"With inflation at 7%, the highest rate since 1982, and the Federal Reserve set to tighten monetary policy, you would think the president and Congress would be looking for ways to end the spending spree in Washington. Yet remarkably, bipartisan discussions abound to increase this year's omnibus appropriations by 16%—almost a quarter of a trillion dollars—pass another round of Covid stimulus, and resurrect the $1. 7 trillion Build Back Better bill. It is hard to recall a greater disconnect between economic reality and public policy in American history.

This inflation has been driven by an explosion of federal spending, which was set to average 20% of gross domestic product in 2020 and 2021. Instead it doubled to 40% of GDP in a 12-month period as pandemic spending exploded. The multiple stimulus bills did more than fill the gap in aggregate demand. Spending surged as the pandemic shutdown reduced employment and production during that period by an average of 7%. In this textbook case of inflation, $1. 20 of income began chasing 93 cents of goods and services, a process greased by expansive monetary policy, and that mismatch sent inflation to a 40-year high.

Checking-account balances are still 350% of their pre-pandemic level. Of the $5. 8 trillion in total Covid stimulus approved by Congress, some $400 billion has yet to be spent. Massive state surpluses have emerged from federal grants. All states combined are sitting on $113 billion in ready cash. Median household real wealth has surged by $27 trillion since the pandemic began, generating a potentially massive wealth effect on consumption.

The producer price index, a key driver of consumer prices, rose 9. 7% in 2021, while import prices, usually a moderator of inflation, rose 10.4%. And 75% of the 17% rise in housing costs last year has yet to show up in consumer prices because rental leases cause shelter costs to lag behind increases in housing costs. Shelter costs make up a third of the consumer price index.

Inflation permanently increases entitlement spending via automatic indexing. The current 7% inflation will add $1.5 trillion in new spending over the next decade. Under current services budgeting, discretionary spending will rise by $641 billion. Given everything that's going on in the economy, how is it possible to justify a massive increase in the omnibus appropriations bill, a new stimulus bill, or the resurrection of Build Back Better?

In a final desperate effort to save Build Back Better and elevate government to the center of American life, Treasury Secretary Janet Yellen is trying to pitch the Biden economic agenda as "modern supply-side economics. " But whereas real supply-side economics creates a private incentive to work, save and invest, Ms. Yellen's approach expands government benefits as a way of "fixing supply-chain bottlenecks" and substitutes "public investment" for private investment.

In virtually every case where Ms. Yellen claims Build Back Better will expand employment and production, experience and logic suggest otherwise. Almost 43% of the first year's cost of the bill is funding the expanded child tax credit with no work requirement. A quartet of University of Chicago economists have concluded the expanded child tax credit would reduce labor supply by 1. 5 million workers, just as soaring pandemic transfer payments resulted in 2. 5 million workers dropping out of the labor market. More than 20% of the bill's first-year cost, $52 billion, would fund tax cuts for rich people in high-tax states, not exactly a supply-chain fixer.

Build Back Better would expand ObamaCare and other healthcare subsidies, which the Congressional Budget Office has consistently found reduces the supply of labor. The CBO concluded that it is "unclear" if family and medical leave would have a positive or negative effect on employment but "the magnitude would probably be small. "

Ms. Yellen's modern supply-side economics argues that government can invest based on enlightened political motives more efficiently than the private sector can invest based on the profit motive. But "federal investment is estimated" by the CBO "to yield half of the typical returns on investment completed by the private sector. " The European Union, with its larger government benefits, greener policies and more government intervention in the marketplace, doesn't seem to be benefiting from modern supply-side economics. Europe has grown at 1. 57% for 20 years while the USA Has averaged 2.1% growth—that's more than a third higher. All of Ms. Yellen's claims ignore the negative economic effects sure to be produced by Build Back Better's tax increases.

At some point, the Biden administration and Congress must accept a corollary to Adam Smith's truism: "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. " When government gives people the things they normally must work to be able to buy, many will butcher, brew, and bake less. This is the lesson of the War on Poverty. When means-tested transfer payments rose dramatically, the share of prime work-age people in the bottom 20% of American income earners who actually worked fell to 36% from 68% over the ensuing 50 years. All analysis of the labor component of the supply chain must recognize that if the government gives people things they typically get by working, many people will quit working.

Instead of offering a phony version of President Reagan's supply-side economics, Democrats would be better off trying to replicate President Clinton's approach to welfare reform and spending restraint. He didn't expand the size of government, but in his last four years in office he did preside over 4.5% average annual growth, 2. 3% inflation and a reduction of the federal debt. Do Americans want more prosperity or a bigger government?

WSJ 2/8/22.

[EatALotOpus]

Bacon shot up 24% CNBC about an hour ago. 12 PC meal of KFC $52.00 personal experience two days ego. Good job Brandon. Just bark at Russia knowing there's nothing you can do even though you practically invited them into Ukraine with your "Anything short of a small incursion" stupid comment. Push that vaccine blame the Russians ignore inflation. Something got to change and it will come November.

[GDreams]

At Least 22 Black American Citizens Shot in their own Neighborhoods by Black Criminals During last Weekend in Marxist / Democrat Mayor Lori Lightfoot's Chicago and not a word in the left wing corporate media: Disney, AT&T, Comcast, NY Times, Amazon WP. So what is Uncle Joe going to do about it. Nada. He read a teleprompter speech without forgetting where he was.

This is Racism in America. "The belief that different races possess distinct characteristics, abilities, or qualities, especially so as to distinguish them as inferior or superior to one another." So there is nothing the Woke Left will do about it. Their hands are tied by their ideology and racism.

Exactly what did Trump do about it?