American Politics

[QUOTE=Gino02;2709118]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".

[URL]https://www.foxnews.com/media/cnn-reporter-biden-worse-jimmy-carter-inflation-americans-holding-him-responsible[/URL]

"All of Joe Biden's stock market gains have evaporated".

[URL]https://www.cnn.com/2022/06/14/investing/joe-biden-stock-market/index.html[/URL]

"Biden acknowledges inflation sapping the strength of a lot of families".

[URL]https://www.cnn.com/2022/06/14/politics/biden-labor-union-convention/index.html[/URL]

Who's not missing mean tweets now? Please raise your hand, Thank you![/QUOTE]Yes, so sad. He is a joke and the people he is surrounding himself with are even worse, maybe they will wake up before it is too late, but I really doubt it.

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.

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!

[QUOTE=ScatManDoo;2709121]Under the impression?

Not Certain?

Look at my prior post, when I state that fact.

Can't find my missing post?

Why was it removed?[/QUOTE]FDR's post WW2 economic policies were far too stiff.

That is what you wrote. FDR died before the end of WW2 so yes the polices would be stiff in the morbid sense.

[QUOTE=Gino02;2709118]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".

[URL]https://www.foxnews.com/media/cnn-reporter-biden-worse-jimmy-carter-inflation-americans-holding-him-responsible[/URL]

"All of Joe Biden's stock market gains have evaporated".

[URL]https://www.cnn.com/2022/06/14/investing/joe-biden-stock-market/index.html[/URL]

"Biden acknowledges inflation sapping the strength of a lot of families".

[URL]https://www.cnn.com/2022/06/14/politics/biden-labor-union-convention/index.html[/URL]

Who's not missing mean tweets now? Please raise your hand, Thank you![/QUOTE]From your S&P 500 measure link:

[QUOTE]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.[/QUOTE]Yeah, Trump sure left a mess behind. And not a particularly swift Fed Chairman either that Biden's best option among a slew of shitty ones forced on him by Trump was to keep in place for now.

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?

[QUOTE=EihTooms;2708874]I think the part that strongly suggests Repubs' consistently failed Supply-Side / Trickle-Down policies work is where you say "Historically the Reps use supply side economics that favour business".

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.[/QUOTE][URL]https://stormer-daily.rw/epic-life-hack-revealed-if-you-dont-want-to-die-dont-join-a-mercenary-army-to-fight-russia/[/URL]

[QUOTE=DramaFree11;2709253]Yes, so sad. He is a joke and the people he is surrounding himself with are even worse, maybe they will wake up before it is too late, but I really doubt it.[/QUOTE][URL]https://www.breitbart.com/clips/2022/06/16/flores-dems-have-walked-away-from-hispanics-and-feel-entitled-to-our-vote/[/URL]

[URL]https://www.washingtonpost.com/politics/2022/06/15/texas-34th-district-flores/[/URL]

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.

[QUOTE=DramaFree11;2709257]Yep, you forgot to mention the latest aid package to Ukraine, another great decision. Why anyone would attack the oil companies now, [B]make[/B] zero sense, he needs to find a [B]solutions[/B], but this is what [B]democratic's[/B] [B]due[/B] they love to blame everyone, but themselves. Everything he touches goes to shit. The layoffs and the cutbacks are coming next. This totally sucks![/QUOTE]For many years, I thought the biggest problems we faced politically were: 1. Money in Politics. We need to recognize that money in politics isn't an exercise of free speech but rather an exercise of corruption. 2. Term Limits. The founders never [B]ever[/B] intended representatives of the people would be career politicians. Yet some how our democratic system evolved in that direction.

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.

[QUOTE=EihTooms;2709312]From your S&P 500 measure link:

Yeah, Trump sure left a mess behind. And not a particularly swift Fed Chairman either that Biden's best option among a slew of shitty ones forced on him by Trump was to keep in place for now.

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?[/QUOTE]Oh man! As much as I enjoy reading your posts in the topics of mongering, here on this thread now I am not even sure if I should laugh or cry at you for your understanding of politics and governments (unless of course you are paid by the Dem machinery to do this, in which case it's all good).

[QUOTE=MarquisdeSade1;2709390][URL]https://www.breitbart.com/clips/2022/06/16/flores-dems-have-walked-away-from-hispanics-and-feel-entitled-to-our-vote/[/URL]

[URL]https://www.washingtonpost.com/politics/2022/06/15/texas-34th-district-flores/[/URL]

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.[/QUOTE]Correct, my spelling sucks.

[QUOTE=EihTooms;2709312]From your S&P 500 measure link:

Yeah, Trump sure left a mess behind. And not a particularly swift Fed Chairman either that Biden's best option among a slew of shitty ones forced on him by Trump was to keep in place for now.

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?[/QUOTE][URL]https://www.newsmax.com/newsfront/joe-biden-lloyd-austin-antony-blinken-ukraine/2022/06/16/id/1074751/[/URL]

[QUOTE=EihTooms;2709231]
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.[/QUOTE]Voting Dem is not due diligence. That is dumb Dem dallying.

[QUOTE=EihTooms;2709231]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.[/QUOTE]Sorry, Gramps, let us see if the Admin here is not so partisan that he lets me publish a score. As of yesterday, you were down 70% to me and as of now, it is 84%, and this has been over 7 weeks. You have been trounced so badly that if this were little league baseball, the mercy rule would have been called in the equivalent of the 1st inning.

Your stupid pleas for voting Dems are matched by your stupid long term investing. Sure it makes sense to be long term in blackjack when you are the dealer. It is not gambling if you are the house, but some have beaten the house by betting more when fewer face cards have been played and cards 3 through 7 have been played. What we have today is the equivalent of a deck of cards with no 10's played and all cards 3 through 7 gone. You do not go for the long term when the fed is raising rates, the yield curve inverts, QE becomes QT, and you have a president this fucking incompetent in office. That is when the role of house and player are reversed, and it is not gambling to go with the player.

[QUOTE=EihTooms;2709231]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"[/QUOTE]LOL. Calling me lucky is the epitome of loser speak.

[QUOTE=EihTooms;2709231]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.[/QUOTE]Your ridiculously comfortable retirement has taken quite the haircut and now you are bragging about not selling? Oh boy. You cannot even admit defeat when there is a scorecard. Maybe next you can say Putin fixed the results.

As I have said in the past, I was short oil betting that Obama was competent enough to get down oil prices with his policies and I made a killing with that. Biden's strategy, if you want to call it that, is to blame refiners and Putin for higher gasoline prices. Shockingly (sarc) that has not worked. Until we see demand destruction, and there has been none to date, gasoline is going higher and higher and the economy lower and lower.

[QUOTE=Villainy;2709403]
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.[/QUOTE]Is that your excuse for voting for Biden?

[QUOTE=Villainy;2709403]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.[/QUOTE]How about you show some guts and take on DF's points versus the cheap shot at his grammar?

It seems like you are trying to defend Biden's record and your voting him with distraction.

[QUOTE=DramaFree11;2709253]Yes, so sad. He is a joke and the people he is surrounding himself with are even worse, maybe they will wake up before it is too late, but I really doubt it.[/QUOTE][URL]https://www.breitbart.com/clips/2022/06/16/rubio-on-flores-win-hispanics-dont-want-schools-convincing-their-kids-theyre-trans-have-to-live-with-impact-of-crazy-border-policies/[/URL]

[QUOTE=Elvis2008;2709460]Voting Dem is not due diligence. That is dumb Dem dallying.

Sorry, Gramps, let us see if the Admin here is not so partisan that he lets me publish a score. As of yesterday, you were down 70% to me and as of now, it is 84%, and this has been over 7 weeks. You have been trounced so badly that if this were little league baseball, the mercy rule would have been called in the equivalent of the 1st inning.

Your stupid pleas for voting Dems are matched by your stupid long term investing. Sure it makes sense to be long term in blackjack when you are the dealer. It is not gambling if you are the house, but some have beaten the house by betting more when fewer face cards have been played and cards 3 through 7 have been played. What we have today is the equivalent of a deck of cards with no 10's played and all cards 3 through 7 gone. You do not go for the long term when the fed is raising rates, the yield curve inverts, QE becomes QT, and you have a president this fucking incompetent in office. That is when the role of house and player are reversed, and it is not gambling to go with the player.[/QUOTE]LOL. It must be killing you that the colossal mess Trump made of everything has still not yet driven your beloved Dow into a Bear Market close under Biden. Maybe tomorrow. Who knows? Personally and as a Long Term investor that doesn't even need the money in his portfolio anymore, I don't care.

And a recession, if any, is predicted by most economists to be a very shallow one that might not even be meaningful enough for NBER to actually call it a "recession."

Driving Repubs crazy! LOL.

Meanwhile, as a Long Term investor, I haven't even bothered to type out the keys to look at my portfolio in weeks. You say your scrambling from one financial advisor to another, clawing at everything you can find on what to buy, sell or hold throughout the day and night has you up 70% this month? Good for you.

When your investing life style produces the 1000%s gains as mine did over the course of 30 years to the point where there is no desperate need to "keep score" by the hour, get back to me.

BTW, tonight it's going to be Mexican food and a 20 year old university co-ed I am helping with her tuition. She'll stay overnight. I did about 5 minutes of due diligence to make those decisions.

[QUOTE=Gino02;2709435]Oh man! As much as I enjoy reading your posts in the topics of mongering, here on this thread now I am not even sure if I should laugh or cry at you for your understanding of politics and governments (unless of course you are paid by the Dem machinery to do this, in which case it's all good).[/QUOTE][URL]https://finance.yahoo.com/quote/%5EGSPC/history/[/URL]

On January 20,2017, Trump's first day in office, the S&P 500 Index closed at 2271.31.

On December 24,2018, almost two full years after Trump became so-called president, the S&P 500 Index closed at 2351.10.

According to my math, that is a tad under a 3.5% gain in the broad USA stock market after almost two full years of Trump economic stewardship with no Trump's Pandemic still crippling worldwide economies, no Trump mass murder of a million Americans and millions more around the world, no Trump's wipe out of millions upon millions of jobs, no Trump's destruction of global supply-chains and the consequential unavoidable Trump's inflation in the historic Biden recovery, no Trump's boyfriend's stupidest war ever against oil and food supplies, etc.

It didn't even exceed a two year rate of normal inflation!

However, it was after Trump inherited one of the best across-the-board economic trajectories on the unemployment rate, jobs creation, wage growth, deficit reduction, low inflation, effective border control, national security, etc of all time from the outgoing Obama-Biden administration.

So tell me again what I am getting wrong about horrific Repub legislation and stewardship vs far superior Dem legislation and stewardship.