Biden's Economic policies are a plus

[*Nately120*]

(07-18-2023, 08:21 PM)Luvnit2 Wrote: Who will the people believe, Biden and they can't pay the rent.

What do you tell people who can't pay their rent when a republican is in the white house?

[Dill]

(07-18-2023, 08:21 PM)Luvnit2 Wrote: Who will the people believe, Biden and they can't pay the rent. OR the GOP candidates for POTUS, Senate and Congress who will tell the the Biden economy stinks.
I learned a long time ago in marketing for my business, you can't market yourself out of a lie. The customers know if your service stinks, saying otherwise is a waste of marketing dollars. Fix the problem, then market it. The Biden economy problem is he is running out of time to fix it. He needs to eliminate inflation and actually gain back lost poor inflation the first 2.6 years.

22% inflation is where he is right now, if he runs more 3 to 4% inflation, he would be at 25 to 26%. That means wage growth needs to increase since January 2021 by 30% for low and middle income earners to stop their backward decline in spending and also be able to start save money again.

Good luck making that happen when you give Connecticut 17 million dollars to use towards a hiking trail. You can't make this stuff up hwo poor the Biden economic policy has been since 2021.

Scary that Joe Biden is "working on" unions. 

We know that no one is satisfied with what FDR started and LBJ expanded on, especially those who can't pay rent.

Biden seems a president in the same mold as those guys.

Maybe government should be out of the business of investing in education, medical care, urban and rural poverty, and infrastructure?

If that's the problem, Biden will never "fix the service." 

GOP candidates should follow MTJ:  oppose all that stuff. Identify medical, infrastructure and education programs and promise to cut them.

Cut taxes too, at least on the upper quintile. Inflation will drop and people will be able to pay rent. 

[*pally*]

(07-18-2023, 08:21 PM)Luvnit2 Wrote: Who will the people believe, Biden and they can't pay the rent. OR the GOP candidates for POTUS, Senate and Congress who will tell the the Biden economy stinks.
I learned a long time ago in marketing for my business, you can't market yourself out of a lie. The customers know if your service stinks, saying otherwise is a waste of marketing dollars. Fix the problem, then market it. The Biden economy problem is he is running out of time to fix it. He needs to eliminate inflation and actually gain back lost poor inflation the first 2.6 years.

22% inflation is where he is right now, if he runs more 3 to 4% inflation, he would be at 25 to 26%. That means wage growth needs to increase since January 2021 by 30% for low and middle income earners to stop their backward decline in spending and also be able to start save money again.

Good luck making that happen6 when you give Connecticut 17 million dollars to use towards a hiking trail. You can't make this stuff up hwo poor the Biden economic policy has been since 2021.

Sooner or later those Republicans will have to actually tell the world how they plan to fix these economic woes instead of just complaining. And they can’t because all they want to do is either out Trump Trump or wage a culture war that leads to even more division. These Republicans only care to deceive their voters and help the donor class. We’ve already witnessed a totally dysfunctional Republic led Congress who are so busy trying to “prove” Biden is a worse crook than a Trump that they’ve done nothing else.

[Luvnit2]

(07-22-2023, 07:56 AM)pally Wrote: Sooner or later those Republicans will have to actually tell the world how they plan to fix these economic woes instead of just complaining.  And they can’t because all they want to do is either out Trump Trump or wage a culture war that leads to even more division.  These Republicans only care to deceive their voters and help the donor class. We’ve already witnessed a totally dysfunctional Republic led Congress who are so busy trying to “prove” Biden is a worse crook than a Trump that they’ve done nothing else.

They have told how to fix the economy. The issue is you want open borders as all Democrats. Three ways to fix the economy.
1. Secure the border
2. Become energy independent as Trump did in 1st term before Joe Biden blew it up.
3. Cut Government spending.

These two things will fix inflation.

Now please tell us the Democrats plan to fix the 22% inflation they created they last 2.5 year.

[GMDino]

(07-22-2023, 01:16 PM)Luvnit2 Wrote: They have told how to fix the economy. The issue is you want open borders as all Democrats. Two ways to fix the economy.
1. Secure the border
2. Become energy independent as Trump did in 1st term before Joe Biden blew it up.

These two things will fix inflation.

Now please tell us the Democrats plan to fix the 22% inflation they created they last 2.5 year.

Did you see any whales on your cruise?  I assume you're back in the utopia of Florida now?

[Luvnit2]

(07-22-2023, 01:19 PM)GMDino Wrote: Did you see any whales on your cruise?  I assume you're back in the utopia of Florida now?

No, cruising to B.C. today and then to Seattle tomorrow. We saw a lot of whales. It has been. great trip.

[Dill]

(07-22-2023, 01:16 PM)Luvnit2 Wrote: They have told how to fix the economy. The issue is you want open borders as all Democrats. Three ways to fix the economy.
1. Secure the border
2. Become energy independent as Trump did in 1st term before Joe Biden blew it up.
3. Cut Government spending.

These two things will fix inflation.

Now please tell us the Democrats plan to fix the 22% inflation they created they last 2.5 year.

1. I'm a registered Democrat and I don't want "open borders."

2. According to this Forbes article, we are now more energy independent than under Trump. So check that box. 
(would love to hear what Stewy thinks of this.)
https://www.forbes.com/sites/rrapier/2023/05/02/us-energy-independence-soars-to-highest-levels-in-over-70-years/?sh=cc83d59977fd

3. Appears that inflation is "fixing." https://www.cnn.com/2023/07/12/economy/cpi-inflation-june/index.html

I've heard that allowing more immigration might bring inflation down, because it would bring down labor costs, especially in service industries.

Not sure that's the best option though. It involves a trade off between business owners and workers, the latter making less. 

[GMDino]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">.<a href="https://twitter.com/FoxBusiness?ref_src=twsrc%5Etfw">@FoxBusiness</a>: “Talk about a STRONG economy - there goes that recession talk, right?” <a href="https://twitter.com/hashtag/BIDENOMICS?src=hash&amp;ref_src=twsrc%5Etfw">#BIDENOMICS</a> <a href="https://t.co/odlG5SVIDG">pic.twitter.com/odlG5SVIDG</a></p>&mdash; Herbie Ziskend (@HerbieZiskend46) <a href="https://twitter.com/HerbieZiskend46/status/1684571789693943808?ref_src=twsrc%5Etfw">July 27, 2023</a></blockquote> 

[Luvnit2]

https://www.foxbusiness.com/lifestyle/first-time-homebuyers-need-make-13-percent-more-compared-year-ago-report

First time homebuyers have to make 13% more compared to a year ago: report
Redfin said it has risen to $64,500 in annual income.

The Biden economy just really stinks.

[GMDino]

(07-29-2023, 07:28 PM)Luvnit2 Wrote: https://www.foxbusiness.com/lifestyle/first-time-homebuyers-need-make-13-percent-more-compared-year-ago-report

First time homebuyers have to make 13% more compared to a year ago: report
Redfin said it has risen to $64,500 in annual income.

The Biden economy just really stinks.

This you?

(06-06-2023, 11:10 AM)Luvnit2 Wrote: I strongly disagree. Housing is supply and demand. States like California and NY have extremely high taxes. It caused people and businesses to leave to other states. So, if the net of people who now need a house is negative, then the demand for new housing decreases.

On the other hand, I live in Florida where new residents are flocking daily. I live in Estero, Fl. which is close to Fort Myers. The road I live off on I-75 has 8 new subdivision within 3.5 miles of the Interstate.. It is crazy, but the demand is high. I moved into a new home in October, 2022. i have had 2 people send me post cards asking to buy my house. 

High cost of living driven by high taxes is the culprit of the mass exodus of liberal run cities and states. Low demand for housing is a result of the ass exodus.

https://www.forbes.com/advisor/income-tax-calculator/new-york/

Read the article from Forbes above. Keep in mind this does not include property taxes or federal income tax.

(04-26-2023, 11:37 PM)Luvnit2 Wrote: I brought up my house to show great economic decisions by Florida (1state and not US) saw housing prices sky rocket. why?
My new neighbors were from Boston, NY, NJ, Minn. Illinois and even California. why did they move here? Simple, it was cheaper to retire here with no city or state taxes and homes are far more affordable than the Democratic cities and states they left.
So, no. Biden have zero to do with me making a lot of money on real estate, the highly taxed liberal states helped me a lot. so thank you to those who decide to leave because they were taxed excessively and the cost per square foot in those states versus Florida is extremely high.


The funny thing is the states like Florida help the US numbers in spite of Biden wanting to shut down the country longer.

[Bronxbengal]

Get on this site and it looks more like a Biden Crime Family propaganda site than anything else. Sad to see so many blind people to what he is doing to this country. Must be true about how poor the US education system is now a days.


Sent from my iPad using Tapatalk

[Luvnit2]

(07-29-2023, 07:46 PM)GMDino Wrote: This you?

I gave you housing market in a specific area, one state. The 13% additional needed is a National number. A state like Florida that has zero personal income tax is a better place to buy a house than a place like New York city where taxes are paid for both state and local taxes in addition to federal taxes.

I hope you take some time to look around the US and see the liberal cities and states are getting crushed by the Biden economy. Most people are not in my position, retired and well prepared for that retirement financially.

I get your goal is to dismiss the crappy Biden economy and make it seem great, but buying a house also gets tax advantages rent do not give you. So, in essence those who can't afford to buy a home because of higher interest rates a real concern form them.

[Luvnit2]

(07-30-2023, 08:20 AM)Bronxbengal Wrote: Get on this site and it looks more like a Biden Crime Family propaganda site than anything else.  Sad to see so many blind people to what he is doing to this country.  Must be true about how poor the US education system is now a days.


Sent from my iPad using Tapatalk

I see a lot of liberal blind people who have yet to figure out CNN, MSNBC,NBC, CBS,ABC, NYT, WAPO and others are extremely far left leaning and propaganda machines to enrich liberal policy at any cost.

[GMDino]

(07-30-2023, 11:04 AM)Luvnit2 Wrote: I gave you housing market in a specific area, one state. The 13% additional needed is a National number. A state like Florida that has zero personal income tax is a better place to buy a house than a place like New York city where taxes are paid for both state and local taxes in addition to federal taxes.

I hope you take some time to look around the US and see the liberal cities and states are getting crushed by the Biden economy. Most people are not in my position, retired and well prepared for that retirement financially.

I get your goal is to dismiss the crappy Biden economy and make it seem great, but buying a house also gets tax advantages rent do not give you. So, in essence those who can't afford to buy a home because of higher interest rates a real concern form them.

So is it "liberal policies" or "supply and demand"?

Is it "market driven" or is it because of taxes?

My only "goal" was o show how you were quite happy with your property values going up...but now you think the "policies" that did that are bad.

[KillerGoose]

(07-30-2023, 11:08 AM)Luvnit2 Wrote: I see a lot of liberal blind people who have yet to figure out CNN, MSNBC,NBC, CBS,ABC, NYT, WAPO and others are extremely far left leaning and propaganda machines to enrich liberal policy at any cost.

Several of those are certainly not "extremely far left" leaning. A left lean does not mean "far left". CNN, ABC, NBC, NYT, and WAPO are lean left. MSNBC is considering a strong left lean. Here is one chart that displays these and other outlets with their lean.

I do find the irony to be rich in what you are saying here in regard to "liberal blind" individuals because you are doing the exact same thing, just with conservative talking points. If you post something that is demonstrably incorrect ala this thread, your strategy is to simply disengage and find something else to push. Many of the topics you attempt to discuss are extremely complex and you don't have a strong grasp on the subject, whereas some posters do. It is easier for you to call these people "far left" or "liberal blind" than it is for you explore it further. 

[GMDino]

https://www.washingtonpost.com/business/2023/07/28/federal-infrastructure-spending-economy-manufacturing/

Quote:Infrastructure and green energy spending are powering the economy
Biden’s policies are fueling a surge in private investments and contributing to GDP growth. But will voters notice — or care?

By Abha Bhattarai


Updated July 28, 2023 at 10:57 a.m. EDT|Published July 28, 2023 at 6:00 a.m. EDT

Vice President Harris tours Thomas Built Buses in High Point, N.C., in April 2021. (Carolyn Kaster/AP)

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A surge in government funding and related private investment is beginning to make its way to businesses and communities across the country, building electric vehicles, new bridges, airport upgrades and a host of other infrastructure and green energy projects that are juicing the economy — just when it needs it most.


The federal government has announced some $299 billion and has spurred another $503 billion in business investment that is providing a surprisingly quick and robust boost to the U.S. economy.


In hopeful moment, storm clouds over Biden economy appear to lift
The jump in private investment, in particular, is already filtering into the economy. Business spending on infrastructure, such as manufacturing plants, transportation equipment and software, rose 56 percent in the most recent quarter, accounting for 15 percent of the economy, according to data released Thursday by the Bureau of Economic Analysis. While it’s difficult to tell exactly how much of that growth directly resulted from the Biden administration’s policies, economists say the uptick in business activity is striking at a time when higher borrowing costs and tighter lending standards have curtailed other investments.

“We were expecting infrastructure spending to hit in 2024 and 2025, but it’s making its way through the economy much faster than that,” said Diane Swonk, chief economist for KPMG. “We’re getting renewed strength from infrastructure spending and other stimulus that is adding to the economy in a big way.”
The timing is key. Strong consumer spending, which makes up two-thirds of the economy, has been playing an outsize role in keeping the United States out of a recession, despite the Federal Reserve’s aggressive efforts to cool the economy enough to control inflation. Prices cooled off again in June, rising just 3 percent from a year ago, according to the Bureau of Economic Analysis, the Fed’s preferred measure of inflation.


But in recent months, Americans have begun thinking twice before splurging. Consumer spending, which spiked at the beginning of the year to 4.2 percent, has moderated since then, rising by 1.6 percent in the most recent quarter. And they are spending less on hotels and dining out, and more on necessities such as health care and insurance. The boost in infrastructure spending, both by governments and private companies, has helped bolster overall economic growth.

“It’s been like watching a well-oiled relay race: Just when one part starts to drag — housing, for example, or manufacturing — it’s offset by strength somewhere else,” Swonk said.


In High Point, N.C., bright yellow electric school buses are suddenly in such high demand that the country’s largest manufacturer can hardly keep up. Thomas Built Buses has added an extra production shift at its plant and still orders are mounting: 160 buses being shipped to schools in South Carolina, 80 to Virginia, 54 to Pennsylvania.

That burst in business — almost entirely from federal infrastructure funding that provides up to $375,000 per bus — is bringing in millions of dollars to Thomas Built Buses, supporting new jobs and helping build a network of electric-charging stations around the country. The company, which has put 450 zero-emission buses on the road since 2020, now expects to churn out many times that.

“We’ve seen exponential growth from infrastructure funding,” said Daoud Chaaya, vice president of sales and marketing at Thomas Built Buses, which is part of Daimler Truck North America. “It’s been the biggest propeller of exploding demand.”


The Biden administration estimates that three key pieces of legislation — the Inflation Reduction Act, Chips and Science Act, and Infrastructure Investment and Jobs Act — will eventually translate to roughly $3.5 trillion in funding over the next decade, including some $1 trillion from private businesses.


“Traditionally, you anticipate that when the government spends more, that crowds out private-sector investment,” said Gregory Daco, chief economist at EY-Parthenon. “But in this case, the incentives contained in the IRA and IIJA are leading to faster and stronger private-sector investment, especially at a time when interest rates are as high as they are.”


Biden says he’s reshaping the economy. Economists say it’s too early to tell.


As a result, many economists who predicted a recession this year now say the country appears poised to avoid a downturn. Morgan Stanley, for example, last week announced a “sizable upward revision” to its gross domestic product expectations for the year — raising its annual forecast threefold, from 0.4 percent to 1.3 percent.

“The economy in the first half of the year is growing much stronger than we had anticipated,” Ellen Zentner, the bank’s chief U.S. economist, wrote in a research note. “The Infrastructure Investment and Jobs Act, which was signed into law in November 2021 … is driving a boom in large-scale infrastructure.”


Spokane International Airport in Washington state is receiving $23 million from the Transportation Department to move a busy road away from its main runway and construct an overpass that would eliminate two dangerous intersections known for crashes and fatalities.


Even before officials found out they’d been awarded the money, they’d already spent nearly $1 million demolishing old military facilities that were in the way of the project, as well as getting environmental clearances, consulting with civil engineers and professional grant-writing help. The airport is also in the process of hiring a project manager to oversee the upcoming work.

“There is no way we could’ve ever built this project with traditional federal and state funding programs,” said Larry Krauter, chief executive of Spokane International Airport. “It’s a real game-changing grant.”


Construction, to begin next summer, is expected to create 400 jobs. More importantly, Krauter said, the improvements will allow the airport to move cargo and passengers much more efficiently, making it a long-term investment in the region’s economy.


“At a high level, the laws are doing exactly what they were designed to do: They are getting money out the door to fund state and local projects,” said Adie Tomer, a senior fellow at Brookings Metro who focuses on infrastructure policy and urban economics. “We know governors, mayors and county executives have been waiting to get started. Now the federal government is willing to pick up part of the tab, and they’re ready.”

But it’s unclear whether those economic gains will translate to political points for the president, who has been touting his “Bidenomics” plan ahead of the next election cycle. Most funds are being disbursed through state and local governments, which means governors, mayors and other elected officials are often the public face of local efforts. Complicating matters further, many of these initiatives are years-long projects that can come with their share of annoyances, such as construction noise, closed roadways and population growth that could drive up housing costs.


“It’s going to be a hard road for the Biden administration to explain to the American people what they’ve delivered and why it’s important,” Tomer said. “It’s hard for people to know why their road got repaved at a certain time or who paid for it.”


They opposed the infrastructure law. Now, some in the GOP court its cash.


In some cases, new efforts are also colliding with other forces in the economy, such as rising prices, worker shortages and ballooning interest rates, that are making it more difficult to complete projects quickly.

In Oregon, for example, the state’s transportation department says much of the $7 million it received in federal funds for pavement repair projects “will mostly be eroded by recent inflationary trends.” Chip manufacturers and broadband companies say it’s become difficult to find qualified employees. And at Des Moines International Airport, executives point to tougher lending conditions and higher borrowing costs as reasons they’ve had to defer construction on 12 out of 22 new gates.


“Because of inflation and increasing interest rates, we’ve had to take a pause and build this in phases instead of doing it all at once,” said Kevin Foley, executive director of Des Moines International Airport.


Nearly 50 people — including architects, managers and construction workers — are already at work laying out plans and extending the airport’s parking garage. When complete, Iowa’s largest airport will have nearly doubled its size and created hundreds of new jobs.


“We’re building this because we absolutely need it and now we have the funding to get started,” Foley said. “This will allow us to bring in additional flights and potentially new airlines that we can’t accommodate today because we’re simply out of space.”

[NATI BENGALS]

(07-30-2023, 08:20 AM)Bronxbengal Wrote: Get on this site and it looks more like a Biden Crime Family propaganda site than anything else.  Sad to see so many blind people to what he is doing to this country.  Must be true about how poor the US education system is now a days.


Sent from my iPad using Tapatalk

Feel free to try and help the blind see.

[basballguy]

Another sign the economy isn't as great as it's being passed off by the White House

https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

[CJD]

(08-08-2023, 11:30 AM)basballguy Wrote: Another sign the economy isn't as great as it's being passed off by the White House

https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

I have started looking into it as well. I make good money, but groceries are costing 300 dollars per trip nowadays (and other daily/weekly bills have increased as well).

The question I have is, how does the government pass laws to resolve this issue? Many grocery stores are posting record profits, so it's not like groceries are only expensive because of the upstream cost increases. 

How do you curtail corporate greed and overpricing?

[GMDino]

(08-08-2023, 11:30 AM)basballguy Wrote: Another sign the economy isn't as great as it's being passed off by the White House

https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

From the article:

Quote:However, overall employee contributions continued to hold steady for the first half of the year, and a greater share of participants upped their contribution rate than decreased it.



“The data from our report tells two stories — one of balance growth, optimism from younger employees and maintaining contributions, contrasted with a trend of increased plan withdrawals,” Lorna Sabbia, head of retirement and personal wealth solutions at Bank of America, said in a statement. “This year, more employees are understandably prioritizing short-term expenses over long-term saving.”

[/url]
While the labor market remains strong, [url=https://www.cnn.com/2023/07/27/economy/second-quarter-gdp/index.html]the economy is growing and consumers are spending, the global pandemic followed by two years of persistently high inflation have taken their toll on household finances.

This goes with something on the radio this morning about consumer focusing on savings "too much" and not spending.  And it irks me that this particular person used the word "hoarding" for individual savings when there are literal billionaires in this country while most of us are one serious illness from bankruptcy while living check to check.

It's why tax cuts for the rich don't work to stimulate the economy and we need to trickle UP not down.