Thread: American Politics
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Yesterday 03:41 #18026
Posts: 6823Ah yes, the nightmarish Biden Recovery of 2021
Originally Posted by Elvis2008 [View Original Post]
The 2021 U.S. Economy in Ten Charts.
Feb. 24, 2022
https://www.crfb.org/blogs/2021-us-economy-ten-charts
Strong Output Growth
After shrinking by a massive 9.5 percent in the second quarter of 2020, the economy has now recovered to its pre-pandemic trend. Real Gross Domestic Product (GDP) grew by 8.7 percent in the second half of 2020 and 5.5 percent in 2021. By the end of last year, real GDP was just 0.4 percent from CBOs pre-pandemic projection.
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Inflation
While economic growth in 2021 was strong, so too was inflation. Normally, the Federal Reserve targets 2 percent growth in Personal Consumption Expenditures (PCE) inflation and slightly higher Consumer Price Index (CPI) inflation. In 2021, PCE inflation totaled 5.5 percent and CPI inflation totaled 6.7 percent on a fourth quarter-over-fourth quarter basis. That includes a 0.5 percent monthly increase in December alone.
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Personal Income Hit a New Record
Disposable Personal Income (DPI) in 2021 totaled $18.5 trillion 14 percent or $2.3 trillion higher than the 2019 level of $16.2 trillion. Total DPI for 2020 and 2021 was more than $4 trillion above the prior two years. The majority of this income growth was the result of COVID-relief measures such as recovery rebates and expanded unemployment benefits.
Recovery rebates, unemployment benefits, and other COVID relief responsible for this income boost mostly faded by the end of 2021. However, they were replaced by rising market income. As a result, total personal income in December remained 8.4 percent above pre-pandemic levels, which means it grew faster than either the prior trend or the elevated rate of inflation over that period.
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Employment Continues to Recover
In April 2020, the unemployment rate reached 14.7 percent the highest in modern history. Since then, unemployment has come down rapidly, declining to 3.9 percent by the end of 2021, the lowest since the start of the pandemic. The unemployment rate has only been that low twice in the last 50 years - in the year 2000 and for most of the two-year period before the pandemic.
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State & Local Governments are Flush With Cash
Over the course of the pandemic, policymakers authorized nearly $900 billion of aid to state and local governments. It is not clear this much aid was needed. State revenue and receipts, inclusive of federal aid, ended 2021 up 21 percent from the end of 2019. Even excluding federal aid, revenue and receipts were up 14 percent.
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Yesterday 03:40 #18025
Posts: 3206Another great post from the King Encore Encore Encore
Originally Posted by Elvis2008 [View Original Post]
https://www.wsj.com/opinion/californ...olicy-d3e988c5
https://www.brookings.edu/articles/t...opioid-crisis/
https://www.thelancet.com/journals/l.../PIIS2215-0366(19) 30218-4/ fulltext.
https://www.reuters.com/world/china/...em-2025-02-02/
Try finding fentanyl in CCPland or see what they would do if they caught you selling it (probably execute you and your whole family on live TV that same night).
If what they are doing isn't an ACT OF WAR what is?
Just nuke them off the map and be done with the savages already!!
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Yesterday 01:52 #18024
Posts: 3206Rotflmmfao
Originally Posted by EihTooms [View Original Post]
I have a better idea stop destroying the planet and just stop producing that worthless trash and sending it out way!
https://www.scmp.com/economy/china-e...-trump-tariffs
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Yesterday 01:41 #18023
Posts: 637I'm so tired of all the winning though. I know my brokerage account is tired of it. Everything is deep in the red. Can we stop winning now please? Just for once, I'd like to see my NVDA and AAPL positions be green please. Thank you.
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Yesterday 01:05 #18022
Posts: 5538Au
Gold continues to be on a tear. This is actually a bad time to be buying gold as a major correction is on the horizon.
What I do is speak about all aspects of a investment. Not just my view. Buy BONDS E2008 says. But he fails to point out that if the entity that issued those BONDS fail you lose EVERYTHING!
Gold if you hold it physically has held it's value adjusted for inflation over 5000 years. If there is a major reset (and there will be if the Dis-United States of America does not get it's act together) if all of your wealth is wiped out because the US Dollar goes to zero or hyper-inflates, I feel comfortable knowing I have something that I can use in the restart of the world economy.
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04-28-25 23:00 #18021
Posts: 5538Crypto
The democratic complainers posting among us need to realize that saying the Republic Racists are not good for us is not going to cut it.
Spending more time on dick politics instead of the basic economic policies that will help regular men and women of the Dis-United States of America put meat in the pot of the kitchens of those who do NOT own stocks (or BONDS) for that matter.
If the democrats are just going to pick a candidate to run for the presidency of the Dis-United States of America they should at least pick a decent one.
One that does not ignore the Crypto Industry or talk wack tax policies like taxing unrealized gains.
Until the democratic complainers among us do something more than complain, until they fix their own party platform, until they choose viable candidates for office of the presidency of the Dis-United States of America they will continue to lose by small margins because they do not realize that the country is divided and they need to fight for every vote.
Crypto
Democrats ignore us in the future a their own risk!
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04-28-25 22:35 #18020
Posts: 4201Originally Posted by EihTooms [View Original Post]
And despite these absolutely bird brained policies, Biden actually polled well with his approval ratings. Covid was whisked away not with a bang but a whimper. This so called deadly virus was replaced with the next threat to mankind, Vladimir Putin.
So you can say how much better Biden is than Trump but I will take 2025 over 2021 any day. If you looked at the USA and now and preCovid, I bet you could not tell the difference.
For those of us in the workplace, people can breathe again. The ESG, DEI, white supremacy, disinformation bullshit is gone. Joe Rogan had a doctor on his show who was critical about vaccines and there was disagreement with what she said which is fine but there was no talk of the deplatforming bullshit.
When people talk of the economy being bad, they mean the stock market. Ah yes, like the market has never been wrong. Yes, the Targets and Walmarts are freaking out. The ships are slowing down. No shit. There is going to be an adjustment. I think you and the market are completely misguided on tariffs though. What do you think the tariff rates were on most Chinese packages before? Would you believe zero?
https://www.npr.org/2025/02/05/g-s1-...mu-shein-trump
De minimis shipments account for most of the cargo entering the USA, Customs and Border Protection said last fall. The agency said it was handling some 4 million de minimis shipments every day a rate that would blow past the previous year's mark of more than 1 billion shipments.
De minimis shipments "often don't have as much documentation, making it easier to get the shipments into the United States, whether we're talking about unsafe consumer products or fentanyl or food items that aren't permitted to be imported," Murray said.
Items imported under the exemption "are free of duty and taxes and are subject to expedited clearance processing," the USA International Trade Commission notes.
Backers of the existing de minimis structure say it eases commerce and gives consumers low prices; critics say it is used to hawk "cheap crap," as one lawmaker put it, and gives foreign companies an unfair advantage over domestic retailers.
And now the real kicker: Even before Trump was sworn in last month, de minimis was being targeted for change. The Biden administration proposed a new rule last fall to close the loophole. And USA Agencies and politicians have said the law is prone to abuse, from unscrupulous retailers falsely labeling expensive items as costing under $800 to criminals shipping illegal drugs under the guise of innocuous goods.
So while we see stories about the docks being empty, and dock workers doing nothing but waiting for ships, customs is overwhelmed logging in packages that previously were zipped through. I can see the labor force transition from receiving packages to inspecting them. That is what happens with change.
In the mean time, Together, Temu and Shein accounted for about 17% of the USA Discount market in 2023 for items such as consumer goods, fast fashion, and toys, according to a report on de minimis policies that the Congressional Research Service (CRS) updated last week.
It is fucking crazy that this was allowed to happen. I am supposed to cry because these cheap goods made at slave wages are not coming through?
So in the end, Biden considered doing tariffs but Trump actually did them. So what would you Democratic douches have done differently than Trump? Well, we know. You Democratic douches and Biden did nothing. Your only plan was and is to gripe about Trump.
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04-28-25 21:39 #18019
Posts: 561Originally Posted by EihTooms [View Original Post]
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04-28-25 16:30 #18018
Posts: 6823Now, where did all those This Is What Winning Looks Like MAGAs go again?
America's farmers, if any of them were among the "poorly educated" that con man Donald Trump loves for obvious reasons, are sure getting a snootful of education about Trump and his Classic Repub Horrific Economic Results and Stewardship now:
Agriculture isn't nearing tariffs crisis, 'it is full blown crisis already' farmers say.
April 28, 2025
https://www.cnbc.com/2025/04/28/trad...ndroidappshare
The global backlash to President Trumps tariffs is punishing U.S. agriculture, especially a decline in Chinese buying of U.S. farm products.
A leading agriculture exports group says massive losses are already racking up at farms, with cancelled orders, pricing pressure as demand slumps and layoffs, as China stops buying products from pork to hay and straw, and lumber.
No one can replace all the volume that China buys, one farm operator reported.
Trump tariffs prompt slump in shipments to US ports.
Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year.
April 28, 2025
https://www.theguardian.com/business...ments-us-ports
Donald Trumps increasingly erratic trade war has triggered a slump in shipments to the USs most important ports, amid the growing risk of a recession in the worlds largest economy.
In the latest sign of the US presidents tariff policies rattling the economy, figures show the number of vessels scheduled to arrive at the Port of Los Angeles next week is down by almost a third on the same period a year earlier.
I might argue it won't get demonstrably better if any Repub is in the White House going forward into the foreseeable future. Not unless a Repub candidate runs denouncing every statement, move, result and concept of a concept of a plan ever proposed or enacted by Donald Trump in his entire political career. Which is not likely to happen in any of our lifetimes.
Oh well.
But, hey, the Maistream Media clutched their pearls and demanded the big money Dem donors pull their funding of down ballot Dems because the Record-Breaking Economically Successful President Joe Biden stuttered and garbled a single point due to a verbal tick that naturally intensifies with age at that debate and Kamala Harris apparently had a laugh that annoyed some dumb Repub hillbillies.
So I suppose it's understandable why there were not more "players on the field" in the election to override that tiny handful of angry Muslims whose 0. 75 percentage point swing vote from Harris to Trump in just three swing states that became the sole single-issue and single demographic reason Trump was "given the presidency" again.
Yep. Oh well.
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04-28-25 03:20 #18017
Posts: 6823Trump's First 100 Days Have Been a Total Disaster
According to the demonstrably Winger-leaning RealClearPolitics' preferred polling services consensus, heading into Trump's Festival of Lies Celebration of his "Greatest First 100 Days Ever", the American people are recognizing it as the Worst Ever.
They are even starting to warm up to the idea of Immigrants eating the cats and eating the dogs more than the shit-show of disaster this Trump's Pandemic Part 2 the MAGAs, a few stray "Bothsider / Neithersider" Third Party voters and, specifically, that relative handful of angry Muslims who foolishly and now quite regrettably swung their less than 0. 75 percentage point of the total votes in just three swing states from Harris to Trump and thereby were the sole reason Trump is president again gave us.
https://www.realclearpolling.com/pol...ating-2nd-term
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04-27-25 19:28 #18016
Posts: 24430Canadians hate Trump. Only Putin like to fuck him.
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04-27-25 19:26 #18015
Posts: 5538E2008 is not a Army of One or a Island unto himself
E2008 that he does not benefit from the services of the United States Government he was born into as man of privilege is hardly credible.
Originally Posted by EihTooms [View Original Post]
In 2023, the US military spent approximately $820.3 billion, or roughly 13.3% of the entire federal budget for that fiscal year. In March 2023, the Department of Defense (DoD) requested $842.0 billion for 2024 a 2.6% increase.
With the worlds third-largest military, at nearly 1.3 million active-duty troops, the US estimates it spends more than any other nation on its national defense. Between 2014 and 2022, the US spent more than twice as much on defense as did all other NATO members, 30 nations in total.
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04-27-25 19:21 #18014
Posts: 5538US Social Security Program. Let's look at the facts!
The average Social Security benefit was just $1,979 per month for retired workers in January 2025.Originally Posted by Elvis2008 [View Original Post]
To qualify for Social Security's largest checks, you need to consistently earn an amount equal to or greater than the taxable wage base for the year. In 2025, that's $176,100. This limit was lower in past years and will likely be higher in future years.
How much taxes are paid by individuals and employees for Social Security?
Social Security is financed through a dedicated payroll tax. Employers and employees each pay 6.2 percent of wages up to the taxable maximum of $176,100 (in 2025), while the self-employed pay 12.4 percent.
Total income, including interest, to the combined OASI and DI Trust Funds amounted to $1.351 trillion in 2023. ($1.233 trillion from net payroll tax contributions, $51 billion from taxation of benefits, and $67 billion in interest)
So let me get this straight
E2008 is complaining because an individual works an entire lifetime paying into a system that is suppose to provide a lifetime benefit once they reach a certain age and he considers that to be some sort of welfare payment.
Where do the Republican Racists like Musk get this stuff?
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04-27-25 18:05 #18013
Posts: 4201Originally Posted by EihTooms [View Original Post]
You look at this and it just shows how gutless the Feds are. They are too chicken shit to raise gasoline taxes to cover highway expenses and instead are racking up debt. There is no reason for any income tax to go towards highways.
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04-27-25 11:40 #18012
Posts: 221Originally Posted by HotDog666 [View Original Post]
Iraq war: including all indirect expenditure: around $ 7 trillion on a needless and unjust war.
Covid: around $4 trillion.
So that's around $11 trillion or around 30% of the total debt.
Now moving forward:
Annual American military spend: around $ 1 trillion, or 3. 5 % of GDP annually.
Annual American healthcare spend: around $4. 5 trillion or 18% of GDP.
There's a clue there on what you need to go after. Yet this dumb fuck Musk thinks going after the peanuts from social security or critical govt programs or aid to the poorest people on the planet is somehow the solution- highly unlikely he will even save the $160 billion (itself being a fraction of the $2 trillion the Vice BS'er claimed initially).
Why does America need to spend 40% of the world's military spend? Let's save the spiel about how America is saving Nato- let the Europeans sort themselves out. Do you need 700 military bases? Do you know why it is China can make a new fighter jet for about 30% of the cost that America does?
As if it would make any difference to Russia if it were halved, and frankly sooner or later China will win out over America where it matters for them on Taiwan so you might as well throw in the towel now. So let's say that's 1. 5% of GDP savings by halving defence. Hey as a bonus people may start liking America again if you no longer threaten genocide and ethnic cleansing to appease your zionazi overlords.
American healthcare is a mess-I know as I have worked with pharma companies in Europe who charge one price to the ROW and another vastly inflated price to Americans-add on to this all the other insurance and other disfunctions and you still have a terrible system- other countries spend 10%-13% of their GDP on healthcare for vastly better systems. So a proper reform here should yield 6% of your savings. Why is America incapable of taking this on- I just don't get it. If you can put a man on the moon you can freaking reform your healthcare properly, instead of having a succession of bullshitters who fray around the edges from both the Dems and the Republicans.
And so you have it, 7% plus of GDP savings pa. Being what Prof Sachs says America accumulates every year.