Bidenomics is working says Wall Street

[scourge165]

On 8/9/2024 at 9:05 PM, Scouts Honor said:

the dems told us all how great bidenomics was

now kamala says this

 

You're funny dude. So the thread was about a fundamental lack of economic knowledge and claimed we were headed toward this stock market crash because of Job numbers when it was actually about the Japanese Carry Trade and the BOJ raising interest rates. That was the catalyst(that and the market has been on SUCH an incredible burner that it was absolutely due a small correction, still up huge on the year)...

 

But Harris talking about making things more affordable, THAT you find objectionable?

 

LOL...do you just look at Twitter and then blindly repost shit without understanding the context or what it is you're posting?

 

A couple points of clarification.

1-Trump spent ~8.2 Trillion. That's more than anyone in a 4 year period ever.

2-It shouldn't take an economist to be able to understand...inflation isn't the result of what happens the first day you're in office. Inflation STARTED under Trump with that massive spending, the tax cut, then the supply line issues, Covid and they were already on their way up before Biden stepped into office. You need to kinda understand how that works. 

The Fed keeping interest rates much lower for too long was also a huge contributor(which Trump would like to change as he'd like the Fed to answer to him...an absolutely AWFUL idea for any person. 

 

Finally, saying wages are down 4% is fundamentally untrue and it's that type of lie that...apparently people like you just lap up and buy hook line and sinker.

 

INCOMES in the United States have outpaced inflation under Biden.
WAGES have not. They have NOT gone down. 

 

The problem with this...again, intellectually dishonest post is that I BELIEVE he's trying to say wages RELATIVE to inflation have decreased. So your buying power after your take-home check(and only your check, not your investments or all income, JUST wages)-have 4% less buying power. 

 

But then the part that, again, people aren't smart enough to figure out. 

 

https://www.politifact.com/factchecks/2024/aug/06/joe-biden/have-incomes-outpaced-inflation-since-joe-biden-to/

[scourge165]

When it comes to finances...I'd REALLY recommend people take JUST a few minutes to educate themselves.

The idea that wages have gone DOWN 4% under Biden(or I guess the claim was under Harris) is just...comically ignorant and objectively not true.

I mean...even if you WANT to stay ignorant with regards to the Political Landscape, it's dangerous to be making economic decisions when you don't even understand what the issue is.

That "Jobs report," that tanked the economy? The actual numbers came out and again, they were better than expected. 

Just as was the case with Obama, he came in and was handed an economic DISASTER from the previous administration.

What they've done in 3.5 years? 

If you're really arguing the economic policies of the Biden administration aren't working, you simply don't understand them. And that's fine...but you kinda expose your ignorance when you cut and paste just ridiculous misinformation from a Twitter post. 

 

It'd be like a post saying the Trump was president for the 8 worst days in the HISTORY of the Stock Market. If you said that, you'd...be a fool. 
If you said he was POTUS for the 8 largest net losses in a day in the Stock Markets history, well, that'd be 100% correct. But...it's kinda important to understand the distinction.

 

(I DO understand I'm asking too much from some people like Scout here! LOL...but seriously, your retirement accounts are obviously pretty damn important. So now would be a good time to consider rotating out of the Large Caps and talk to your advisor about IWM or about getting more exposure to the Russell, especially if the fed cuts by 75 basis points from now until March...which is the projection at the moment). 

 

Edited August 11 by scourge165

[Scouts Honor]

5 hours ago, scourge165 said:

You're funny dude. So the thread was about a fundamental lack of economic knowledge and claimed we were headed toward this stock market crash because of Job numbers when it was actually about the Japanese Carry Trade and the BOJ raising interest rates. That was the catalyst(that and the market has been on SUCH an incredible burner that it was absolutely due a small correction, still up huge on the year)...

 

But Harris talking about making things more affordable, THAT you find objectionable?

 

why are thing unaffordable now? 

bidenomics was working ...

she has had 3.5 years... what makes her think 4 more will do it

[scourge165]

8 hours ago, Scouts Honor said:

why are thing unaffordable now? 

bidenomics was working ...

she has had 3.5 years... what makes her think 4 more will do it

You're not going to address how you just posted something that was objectively false...

A proven lie and you want me to explain to you how inflation works and why things are going to be "different," when in fact...inflation is coming down.

I'm not going to address 2nd and 3rd topics until you address the topic you lie about. It just results in a circular argument. For instance, not going to point out that SHE hasn't had 3.5 years or how WAGES are now outpacing inflation...I'll leave that until you respond to the "wages have fallen 4%" lie. 

[Scouts Honor]

suddenly

no taxes on tips is a good idea..

i wonder why

[Scouts Honor]

what did i post that was proven false

[Offthemat]

23 minutes ago, Scouts Honor said:

what did i post that was proven false

Nothing.  He is waving his genetically modified federally controlled data thinking you’ll believe it rather than your own eyes.  I guess he thinks that credit card balances going sky high and savings accounts dwindling means all is well.  Anybody who thinks Kamela Harris, who has never won a single delegate in an election, is the person best qualified to run our government, should not be left unsupervised. 

[billyhoyle]

2 hours ago, Scouts Honor said:

suddenly

no taxes on tips is a good idea..

i wonder why

I’m sure they saw a poll in Nevada showing how popular it is. It’s idiotic populism to just deem tips as a form of tax free income. Why should waiters pay no taxes while janitors and cooks do? 

Edited August 12 by billyhoyle

[Paul158]

Here are a few numbers being reported TODAY showing a comparison between Biden/Harris and Trump during their time in office. Wage growth. Biden -1.93%. Trump +6.84 (with the pandemic). Increase in prices.  19.25%. Trump 7.76% (with the Pandemic). Credit card debt 1.14 trillion and going up. Will probably be 1.4 trillion by the end of his presidency. Trump 820 billion (with the pandemic). I believe the Trumps presidency was greatly affected by the pandemic in a negative way. I believe Biden's numbers should have been much better (coming out of the pandemic) but due to some really poor decisions he made the numbers are worse. I find it amazing when people (The Media and the Biden administration) talk about the Trump presidency and they act like (ignore) the covid-19 pandemic never happened and that it never affected our jobs or the economy in any way. I believe i wrote on here before that the Covid-19 pandemic cost America as a whole, 14 trillion dollars. The pandemic really happened, and it greatly affected our economy.

Edited August 12 by Paul158

[Wrestleknownothing]

On 8/11/2024 at 5:55 AM, scourge165 said:

You're funny dude. So the thread was about a fundamental lack of economic knowledge and claimed we were headed toward this stock market crash because of Job numbers when it was actually about the Japanese Carry Trade and the BOJ raising interest rates. That was the catalyst(that and the market has been on SUCH an incredible burner that it was absolutely due a small correction, still up huge on the year)...

 

But Harris talking about making things more affordable, THAT you find objectionable?

 

LOL...do you just look at Twitter and then blindly repost shit without understanding the context or what it is you're posting?

 

A couple points of clarification.

1-Trump spent ~8.2 Trillion. That's more than anyone in a 4 year period ever.

2-It shouldn't take an economist to be able to understand...inflation isn't the result of what happens the first day you're in office. Inflation STARTED under Trump with that massive spending, the tax cut, then the supply line issues, Covid and they were already on their way up before Biden stepped into office. You need to kinda understand how that works. 

The Fed keeping interest rates much lower for too long was also a huge contributor(which Trump would like to change as he'd like the Fed to answer to him...an absolutely AWFUL idea for any person. 

 

Finally, saying wages are down 4% is fundamentally untrue and it's that type of lie that...apparently people like you just lap up and buy hook line and sinker.

 

INCOMES in the United States have outpaced inflation under Biden.
WAGES have not. They have NOT gone down. 

 

The problem with this...again, intellectually dishonest post is that I BELIEVE he's trying to say wages RELATIVE to inflation have decreased. So your buying power after your take-home check(and only your check, not your investments or all income, JUST wages)-have 4% less buying power. 

 

But then the part that, again, people aren't smart enough to figure out. 

 

https://www.politifact.com/factchecks/2024/aug/06/joe-biden/have-incomes-outpaced-inflation-since-joe-biden-to/

JP Morgan now estimating 3/4ths of the global carry trade has been unwound:

https://www.bloomberg.com/news/articles/2024-08-08/jpmorgan-says-three-quarters-of-global-carry-trades-now-unwound?cmpid=BBD080824_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=240808&utm_campaign=moneystuff

[scourge165]

11 hours ago, billyhoyle said:

I’m sure they saw a poll in Nevada showing how popular it is. It’s idiotic populism to just deem tips as a form of tax free income. Why should waiters pay no taxes while janitors and cooks do? 

Who is "they?" Both candidates are for it.

And...I don't really give a shit about tips, but that's probably because it doesn't affect me. BUT...maybe the difference is that Janitors aren't paid 2.50 or 3 bucks an hour. They're not paid below minimum wage with the assumption being they'll make up the difference.

 

Again, BOTH candidates are for this, I don't really see why people would be against it. It's just limiting the size of the IRS. Does ANYONE believe Waitresses or Bartenders are keeping track of the money they make in tips and paying tax on it now? Less Government! I thought this was a good thing! LOL...

[scourge165]

3 hours ago, Paul158 said:

Here are a few numbers being reported TODAY showing a comparison between Biden/Harris and Trump during their time in office. Wage growth. Biden -1.93%. Trump +6.84 (with the pandemic). Increase in prices.  19.25%. Trump 7.76% (with the Pandemic). Credit card debt 1.14 trillion and going up. Will probably be 1.4 trillion by the end of his presidency. Trump 820 billion (with the pandemic). I believe the Trumps presidency was greatly affected by the pandemic in a negative way. I believe Biden's numbers should have been much better (coming out of the pandemic) but due to some really poor decisions he made the numbers are worse. I find it amazing when people (The Media and the Biden administration) talk about the Trump presidency and they act like (ignore) the covid-19 pandemic never happened and that it never affected our jobs or the economy in any way. I believe i wrote on here before that the Covid-19 pandemic cost America as a whole, 14 trillion dollars. The pandemic really happened, and it greatly affected our economy.

It's beyond exhausting all the "but Covid," shit.

Yeah, and then who took over the Covid problems?

BUT, since we just want to ignore and dismiss what Covid did to the Economy under Biden, lets talk about what Trump DIDN'T do with regard to Covid.

He DIDN'T ban travel...though he'd have you believe he did. In the first two months after he SAID he banned travel, 40,000 people traveled too and from China. What he did was ban the issuing of new Passports(because there was a massive demand for people wanting to go to check out China at that point, right?)-that's it.

 

How about just being prepared for Covid?

Did he have to assemble an entire team with hundreds of infectious disease specialists and then place them around the world and then have a plan in place for the next pandemic so the US, the GLOBAL LEADERS could help prevent it?

Nope. That was already in place. Over 40 infectious disease specialists were ALREADY-IN-WUHAN when Trump took over. He called them back, he dismantled the Pandemic response team, the ONE item that Obama said he expressed the importance of. And he just...like most things, if Obama did it, no matter how good or bad it was, he just was rid of it.

 

Then in a REAL measure of leadership, what did he do when asked about it? The Buck stops with me, right? That was Truman IIRC...because you're the President and the leader of the free world. Trump? Eh...not so much. 

 

With regard to wages, again, if you're going to cite inflation AND say there was negative wage growth, it's like saying someone got punched in the face AND hit in the face. It's NOT negative wage growth. It's not great wage growth(though it's increasing and now outpacing inflation)...but the negative wage growth is RELATIVE to inflation.
 

And WHAT is that a result of? I know people love to just say "Biden." What causes inflation? Supply line issues, tariffs, massive spending...so remind me, what was happening when Biden took office? He was RIGHT in the middle of the Covid pandemic. There's always an * associated with Trump and HIS economy...like it's just soo unfair to him personally that Covid came along, but what type of economy did he inherit? A booming economy left behind by Obama. And what did Trump leave Biden? An absolute shit show. 


So yes, the Pandemic REALLY happened. It was REALLY still happening when Biden was President and it should have NEVER been NEARLY as bad as it was with a competent Government in place. 

Trump just ignored it for 5+ months. Then when he couldn't, he said it'll just "magically be gone." You cannot minimize Trump's economy, excuse it because of the Pandemic and then just ignore how he did NOTHING to mitigate the Pandemic. Actually, WORSE than nothing, he rolled back the safeguards we had in place.

 

Then he has the balls to say China lied to him, they weren't honest...and I don't know, the CCP is the CCP, there's no confusion over the type of people who run China, but wouldn't that be a GOOD reason to have your OWN people in place?

 

But finally, lets just go with one last thing you said;

Quote

 I believe i wrote on here before that the Covid-19 pandemic cost America as a whole, 14 trillion dollars.

THEN WHY ARE YOU ASKING WHY THERE IS INFLATION! LMFAO....what do people NOT get!!!

-14 Trillion dollars 
-Keeping the interest rates EXTREMELY low for FAR too long(which...it should be very-very troubling for anyone who's following what Trump is talking about that he wants the Fed to report to him rather than be independent...that is among the dumbest ideas I've ever heard and could have disastrous consequences...they absolutely MUST remain independent. I'm quite sure Biden would have had Powell cut by 75 basis points if he was in charge).

-Gov't spending
And this one is real neat. There's this myth that it's the Democrats who spend too much...despite repeatedly coming in and taking over terrible economic conditions(particularly the last two, Obama and Biden).

Here's the REALITY of the situation;
Reagan-Took the deficit from 70B to 175B. Pennies, but still amazing. He did start to tax social security after cutting taxes and he was about as erratic as Tiger Blood Charlie Sheen when it came to tax cuts and tax hikes, but all the same.

Bush took it up to 300B-In his defense, he tried to raise taxes to pay down the debt and lost the election...though not because of Ross Perot as many(including myself) were led to believe.
Clinton...what did he do? He got the deficit back to ZERO. We had a SURPLUS under Clinton.

Bush Jr? 0 to 1.2 Trillion. 
Obama, despite coming in under the housing crisis, much like Biden with the Pandemic, he cut it back from 1.2 Trillion to 600B. In fact, I remember all the hand-wringing because he froze spending in order to do so. 

Trump...almost immediately ran the deficit back up to 1 Trillion in 2019. So we won't count 2020 because...it's apparently not fair.
It's an amusing perspective to me, to NOT count the bad things that happen under a President because...he can't help them, but then turn around and hand that same blame to the next President coming in, but I understand, there's a narrative and we have to stick with it.

So BOTH Parties spend too much. One party...going back ~45 years, they're significantly more responsible for the deficit.

 

Either way, 14 TRILLION it cost the US Economy(you can never actually know the full extent as it's not possible to quantify all of the problems)...and then people ask why we had inflation AFTER that! 

It's amazing. All I know is SOMEHOW none of it was ever at all Trump's fault. He had ZERO responsibility to do anything, right?

[scourge165]

4 hours ago, Paul158 said:

Here are a few numbers being reported TODAY showing a comparison between Biden/Harris and Trump during their time in office. Wage growth. Biden -1.93%. Trump +6.84 (with the pandemic)

One LAST thing...and this is why it's...pretty useful to look a little deeper into the numbers. Do you think the Pandemic HELPED or hurt Wages with regard to the pandemic?

That growth was disproportionately POSITIVELY impacted because so many low-wage earners were laid off in 2019. We saw the wages of high earners explode as a direct result of Covid.

So...again, the bad things that happened under Covid-No blame for Trump
The GOOD things...he gets credit for those as well! 

I won't even get into the Tariff War started under Trump...which he STILL believes is a "tax" on China rather than the American people. I mean...for a business man, you'd think he'd understand at least the business side of US History and how tariffs were what finally pushed the US into the great depression. 

 

[Paul158]

1 hour ago, scourge165 said:

One LAST thing...and this is why it's...pretty useful to look a little deeper into the numbers. Do you think the Pandemic HELPED or hurt Wages with regard to the pandemic?

That growth was disproportionately POSITIVELY impacted because so many low-wage earners were laid off in 2019. We saw the wages of high earners explode as a direct result of Covid.

So...again, the bad things that happened under Covid-No blame for Trump
The GOOD things...he gets credit for those as well! 

I won't even get into the Tariff War started under Trump...which he STILL believes is a "tax" on China rather than the American people. I mean...for a business man, you'd think he'd understand at least the business side of US History and how tariffs were what finally pushed the US into the great depression. 

 

With all due respect I will stay with my synopsis of what occurred under President trump, what happened during and presently during the Biden/Harris administration and where we are right now. I will stick with the numbers that were on my thread. 

[billyhoyle]

3 hours ago, scourge165 said:

Who is "they?" Both candidates are for it.

And...I don't really give a shit about tips, but that's probably because it doesn't affect me. BUT...maybe the difference is that Janitors aren't paid 2.50 or 3 bucks an hour. They're not paid below minimum wage with the assumption being they'll make up the difference.

 

Again, BOTH candidates are for this, I don't really see why people would be against it. It's just limiting the size of the IRS. Does ANYONE believe Waitresses or Bartenders are keeping track of the money they make in tips and paying tax on it now? Less Government! I thought this was a good thing! LOL...

In some states, servers are required to be paid at least minimum wage (not counting tips) + benefits if they are full time. The solution to restaurants not paying a living wage isn’t to create an arbitrary group of tax-free employees-it’s to pay actual salary. 

[Offthemat]

3 hours ago, scourge165 said:

It's beyond exhausting all the "but Covid," shit.

Yeah, and then who took over the Covid problems?

BUT, since we just want to ignore and dismiss what Covid did to the Economy under Biden, lets talk about what Trump DIDN'T do with regard to Covid.

He DIDN'T ban travel...though he'd have you believe he did. In the first two months after he SAID he banned travel, 40,000 people traveled too and from China. What he did was ban the issuing of new Passports(because there was a massive demand for people wanting to go to check out China at that point, right?)-that's it.

 

How about just being prepared for Covid?

Did he have to assemble an entire team with hundreds of infectious disease specialists and then place them around the world and then have a plan in place for the next pandemic so the US, the GLOBAL LEADERS could help prevent it?

Nope. That was already in place. Over 40 infectious disease specialists were ALREADY-IN-WUHAN when Trump took over. He called them back, he dismantled the Pandemic response team, the ONE item that Obama said he expressed the importance of. And he just...like most things, if Obama did it, no matter how good or bad it was, he just was rid of it.

 

Then in a REAL measure of leadership, what did he do when asked about it? The Buck stops with me, right? That was Truman IIRC...because you're the President and the leader of the free world. Trump? Eh...not so much. 

 

With regard to wages, again, if you're going to cite inflation AND say there was negative wage growth, it's like saying someone got punched in the face AND hit in the face. It's NOT negative wage growth. It's not great wage growth(though it's increasing and now outpacing inflation)...but the negative wage growth is RELATIVE to inflation.
 

And WHAT is that a result of? I know people love to just say "Biden." What causes inflation? Supply line issues, tariffs, massive spending...so remind me, what was happening when Biden took office? He was RIGHT in the middle of the Covid pandemic. There's always an * associated with Trump and HIS economy...like it's just soo unfair to him personally that Covid came along, but what type of economy did he inherit? A booming economy left behind by Obama. And what did Trump leave Biden? An absolute shit show. 


So yes, the Pandemic REALLY happened. It was REALLY still happening when Biden was President and it should have NEVER been NEARLY as bad as it was with a competent Government in place. 

Trump just ignored it for 5+ months. Then when he couldn't, he said it'll just "magically be gone." You cannot minimize Trump's economy, excuse it because of the Pandemic and then just ignore how he did NOTHING to mitigate the Pandemic. Actually, WORSE than nothing, he rolled back the safeguards we had in place.

 

Then he has the balls to say China lied to him, they weren't honest...and I don't know, the CCP is the CCP, there's no confusion over the type of people who run China, but wouldn't that be a GOOD reason to have your OWN people in place?

 

But finally, lets just go with one last thing you said;

THEN WHY ARE YOU ASKING WHY THERE IS INFLATION! LMFAO....what do people NOT get!!!

-14 Trillion dollars 
-Keeping the interest rates EXTREMELY low for FAR too long(which...it should be very-very troubling for anyone who's following what Trump is talking about that he wants the Fed to report to him rather than be independent...that is among the dumbest ideas I've ever heard and could have disastrous consequences...they absolutely MUST remain independent. I'm quite sure Biden would have had Powell cut by 75 basis points if he was in charge).

-Gov't spending
And this one is real neat. There's this myth that it's the Democrats who spend too much...despite repeatedly coming in and taking over terrible economic conditions(particularly the last two, Obama and Biden).

Here's the REALITY of the situation;
Reagan-Took the deficit from 70B to 175B. Pennies, but still amazing. He did start to tax social security after cutting taxes and he was about as erratic as Tiger Blood Charlie Sheen when it came to tax cuts and tax hikes, but all the same.

Bush took it up to 300B-In his defense, he tried to raise taxes to pay down the debt and lost the election...though not because of Ross Perot as many(including myself) were led to believe.
Clinton...what did he do? He got the deficit back to ZERO. We had a SURPLUS under Clinton.

Bush Jr? 0 to 1.2 Trillion. 
Obama, despite coming in under the housing crisis, much like Biden with the Pandemic, he cut it back from 1.2 Trillion to 600B. In fact, I remember all the hand-wringing because he froze spending in order to do so. 

Trump...almost immediately ran the deficit back up to 1 Trillion in 2019. So we won't count 2020 because...it's apparently not fair.
It's an amusing perspective to me, to NOT count the bad things that happen under a President because...he can't help them, but then turn around and hand that same blame to the next President coming in, but I understand, there's a narrative and we have to stick with it.

So BOTH Parties spend too much. One party...going back ~45 years, they're significantly more responsible for the deficit.

 

Either way, 14 TRILLION it cost the US Economy(you can never actually know the full extent as it's not possible to quantify all of the problems)...and then people ask why we had inflation AFTER that! 

It's amazing. All I know is SOMEHOW none of it was ever at all Trump's fault. He had ZERO responsibility to do anything, right?

Revisionist history. 

3 hours ago, scourge165 said:

One LAST thing...and this is why it's...pretty useful to look a little deeper into the numbers. Do you think the Pandemic HELPED or hurt Wages with regard to the pandemic?

That growth was disproportionately POSITIVELY impacted because so many low-wage earners were laid off in 2019. We saw the wages of high earners explode as a direct result of Covid.

So...again, the bad things that happened under Covid-No blame for Trump
The GOOD things...he gets credit for those as well! 

I won't even get into the Tariff War started under Trump...which he STILL believes is a "tax" on China rather than the American people. I mean...for a business man, you'd think he'd understand at least the business side of US History and how tariffs were what finally pushed the US into the great depression. 

 

Prior to covid hitting, blue collar wage increases were outpacing white collar increases.  Trump turned over a fast recovering economy that Biden then proceeded to shut down. 
If tariffs on China were bad for Americans, is that why Biden has kept them in place?

[ionel]

2 hours ago, billyhoyle said:

In some states, servers are required to be paid at least minimum wage (not counting tips) + benefits if they are full time. The solution to restaurants not paying a living wage isn’t to create an arbitrary group of tax-free employees-it’s to pay actual salary. 

IMO a stupid idea by both parties.  Most tip is on cc now.  Tips are also shared across workers, some cases managers as well. How are you going to break that down.  It'd also just be a new loophole others would take advantage of.  For instance, recently part time hauling rock for a friend, he's paying me $35 an hour.  Why wouldn't I say will do it for $20/hr but allow me to get tip from destination.  How much tip can I get for delivery 20,000 lb of rock?  Betting i'd be better of correct? 

[Caveira]

17 hours ago, billyhoyle said:

I’m sure they saw a poll in Nevada showing how popular it is. It’s idiotic populism to just deem tips as a form of tax free income. Why should waiters pay no taxes while janitors and cooks do? 

Same as why should I not get a refund on my college loan repayments because I saved and paid them off….. and kids now purposefully not making payments be entitled to free $$$$$?   That’s why lol 

[Scouts Honor]

6 hours ago, scourge165 said:

Who is "they?" Both candidates are for it.

And...I don't really give a shit about tips, but that's probably because it doesn't affect me. BUT...maybe the difference is that Janitors aren't paid 2.50 or 3 bucks an hour. They're not paid below minimum wage with the assumption being they'll make up the difference.

 

Again, BOTH candidates are for this, I don't really see why people would be against it. It's just limiting the size of the IRS. Does ANYONE believe Waitresses or Bartenders are keeping track of the money they make in tips and paying tax on it now? Less Government! I thought this was a good thing! LOL...

i dont disagree, but when Trump said it... lots of leftists got the vapors 

[Scouts Honor]

6 hours ago, scourge165 said:

It's beyond exhausting all the "but Covid," shit.

Yeah, and then who took over the Covid problems?

BUT, since we just want to ignore and dismiss what Covid did to the Economy under Biden, lets talk about what Trump DIDN'T do with regard to Covid.

He DIDN'T ban travel...though he'd have you believe he did. In the first two months after he SAID he banned travel, 40,000 people traveled too and from China. What he did was ban the issuing of new Passports(because there was a massive demand for people wanting to go to check out China at that point, right?)-that's it.

 

How about just being prepared for Covid?

Did he have to assemble an entire team with hundreds of infectious disease specialists and then place them around the world and then have a plan in place for the next pandemic so the US, the GLOBAL LEADERS could help prevent it?

Nope. That was already in place. Over 40 infectious disease specialists were ALREADY-IN-WUHAN when Trump took over. He called them back, he dismantled the Pandemic response team, the ONE item that Obama said he expressed the importance of. And he just...like most things, if Obama did it, no matter how good or bad it was, he just was rid of it.

 

Then in a REAL measure of leadership, what did he do when asked about it? The Buck stops with me, right? That was Truman IIRC...because you're the President and the leader of the free world. Trump? Eh...not so much. 

 

With regard to wages, again, if you're going to cite inflation AND say there was negative wage growth, it's like saying someone got punched in the face AND hit in the face. It's NOT negative wage growth. It's not great wage growth(though it's increasing and now outpacing inflation)...but the negative wage growth is RELATIVE to inflation.
 

And WHAT is that a result of? I know people love to just say "Biden." What causes inflation? Supply line issues, tariffs, massive spending...so remind me, what was happening when Biden took office? He was RIGHT in the middle of the Covid pandemic. There's always an * associated with Trump and HIS economy...like it's just soo unfair to him personally that Covid came along, but what type of economy did he inherit? A booming economy left behind by Obama. And what did Trump leave Biden? An absolute shit show. 


So yes, the Pandemic REALLY happened. It was REALLY still happening when Biden was President and it should have NEVER been NEARLY as bad as it was with a competent Government in place. 

Trump just ignored it for 5+ months. Then when he couldn't, he said it'll just "magically be gone." You cannot minimize Trump's economy, excuse it because of the Pandemic and then just ignore how he did NOTHING to mitigate the Pandemic. Actually, WORSE than nothing, he rolled back the safeguards we had in place.

 

Then he has the balls to say China lied to him, they weren't honest...and I don't know, the CCP is the CCP, there's no confusion over the type of people who run China, but wouldn't that be a GOOD reason to have your OWN people in place?

 

But finally, lets just go with one last thing you said;

THEN WHY ARE YOU ASKING WHY THERE IS INFLATION! LMFAO....what do people NOT get!!!

-14 Trillion dollars 
-Keeping the interest rates EXTREMELY low for FAR too long(which...it should be very-very troubling for anyone who's following what Trump is talking about that he wants the Fed to report to him rather than be independent...that is among the dumbest ideas I've ever heard and could have disastrous consequences...they absolutely MUST remain independent. I'm quite sure Biden would have had Powell cut by 75 basis points if he was in charge).

-Gov't spending
And this one is real neat. There's this myth that it's the Democrats who spend too much...despite repeatedly coming in and taking over terrible economic conditions(particularly the last two, Obama and Biden).

Here's the REALITY of the situation;
Reagan-Took the deficit from 70B to 175B. Pennies, but still amazing. He did start to tax social security after cutting taxes and he was about as erratic as Tiger Blood Charlie Sheen when it came to tax cuts and tax hikes, but all the same.

Bush took it up to 300B-In his defense, he tried to raise taxes to pay down the debt and lost the election...though not because of Ross Perot as many(including myself) were led to believe.
Clinton...what did he do? He got the deficit back to ZERO. We had a SURPLUS under Clinton.

Bush Jr? 0 to 1.2 Trillion. 
Obama, despite coming in under the housing crisis, much like Biden with the Pandemic, he cut it back from 1.2 Trillion to 600B. In fact, I remember all the hand-wringing because he froze spending in order to do so. 

Trump...almost immediately ran the deficit back up to 1 Trillion in 2019. So we won't count 2020 because...it's apparently not fair.
It's an amusing perspective to me, to NOT count the bad things that happen under a President because...he can't help them, but then turn around and hand that same blame to the next President coming in, but I understand, there's a narrative and we have to stick with it.

So BOTH Parties spend too much. One party...going back ~45 years, they're significantly more responsible for the deficit.

 

Either way, 14 TRILLION it cost the US Economy(you can never actually know the full extent as it's not possible to quantify all of the problems)...and then people ask why we had inflation AFTER that! 

It's amazing. All I know is SOMEHOW none of it was ever at all Trump's fault. He had ZERO responsibility to do anything, right?

you seem upset

leaving out covid is classic biden

look at all the jobs i created 

[Scouts Honor]

 

[Caveira]

25 minutes ago, Scouts Honor said:

 

She wants to do it …. But can’t now.    Day 1 in office maybe ?

[billyhoyle]

2 hours ago, Caveira said:

Same as why should I not get a refund on my college loan repayments because I saved and paid them off….. and kids now purposefully not making payments be entitled to free $$$$$?   That’s why lol 

There are multiple forms of student loan forgiveness written into current law that authorizes the federal government to provide student loans.  These are public service loan forgiveness and forgiveness forgiveness from income driven repayment.  These aren't handouts but part of the "deal" that people make when they take out student loans. These programs allow for social mobility and for poor people to attend college and graduate/professional schools.

Many students believe that the requirements for forgiveness should be less stringent (e.g. decreasing the required payments or years for IDR or PSLF).  It's perfectly fine to think that the current law is fine and doesn't need to be made less stringent, but the concept of loan forgiveness is already written into law. BTW, I agree that all student loans shouldn't just be magically forgiven, but I don't think something like the SAVE plan that was implemented is ridiculous.

The concept of just saying "tips aren't taxable" is pulled out of thin air, and it's pure populism. What is the point of that? Why do one specific class of workers no longer have to pay income tax on their income?

[Caveira]

1 hour ago, billyhoyle said:

Many students believe that the requirements for forgiveness should be less stringent

Many…. Ha.   As if that should matter.  I have to pay their share cause……. Many don’t believe lol.    

[Scouts Honor]

2 hours ago, Caveira said:

She wants to do it …. But can’t now.    Day 1 in office maybe ?

no thats a busy day for her if elected

she said she would release all the illegal immigrants..

but again.. what's stopping her

 

that's what's so funny about her...

she doesn't realize