El_Conquistador stop projecting your willful ignorance, you were silent when Trump was practicing deficit spending, even without a infrastructure bill at least Biden was able to sign off on the huge infrastructure bill, and well as the CHIP act.
Wow. You must be a classically trained economist to think that Biden's passing of two massive spending bills is somehow going to tamp down inflation! LOL -- the exact opposite, rookie. Simply put, more gov't spending leads to more inflation. You should have already known that, tbh. Biden's actions are actually causing inflation to increase massively -- which is why we are seeing this. Lower classes' quality of life is decimated when inflation hits them (food, rent, fuel, clothing, consumables -- all are going up rapidly). Many in their 20's and 30's can't even afford to buy a house. And rates will stay high with inflation hot -- further impacting home ownership. Biden's policies are just really bad for Americans' quality of life.
lower class Lower quality of life is decimated when there is no job. Biden fiscal policies have led to more job creation, as compared to other POTUS, in his first 39 months in office. leading to historic low in unemployment. on the flip side, Trump has been the only POTUS to have a net loss in job creation during his tenure. the seeds for this inflationary pressure was planted when Trump started his ill-conceived trade off; the supply chain bottlenecks led to worldwide inflation. inflation was exacerbated shortly after Russian's invasion of Ukraine,
Lower class suffers when there is no upward mobility. There is no upward mobility in the service industry for the masses. After 50kish, it gets much more difficult to move up. After 100k, its much easier to accumulate hard assets.
There is no upward mobility when 1 percent of the population owns most of the capital in the country, and it takes more and more capital to start businesses.
When Democrats spend recklessly, the government has to look for ways to raise their revenues through taxes and fees. Case in point...
you can't possibly be this willfully ignorant! Biden’s infrastructure plan will set aside about $35 billion for Texas projects
You are a simp for Billionaires. The rental housing market is controlled by corporations now. It used to be mainly individuals who would buy a house, rent it, buy another, and so on. Now these corporations are colluding to create artificially inflated prices. Apartmets are the same. RealPage is being sued for artificially increasing the market.The food costs are artificially inflated. These corporations are making record NET profits. They have told us they are doing it. The CEOs have said we weren't paying enough pre-pandemic and we are still receiving good value according to them. Don't you find it odd the prices are increasing on the things we have to have to survive at a higher rate than the things we don't. Simps gonna simp. Keep up the good work
Your answer to every question seems to be for the government to throw money at the problem. At some point, the government runs out of other people's money. And then must raise taxes. And you just received a vital lesson in economics and public policy.
I am not sure if you understand basic economics, but we live in an inflationary world. This means net profits should go up every year. Stop saying 'record net profits'. Show me the percentage increase. If you are claiming CEO's are stating they are artificially raising the prices, then show me actual quotes of said CEO's, not news articles claiming such. For individuals, rentals are no longer very profitable compared to other opportunities. They simply can no compete with large corporations that can get loans at a much lower rate. There needs to be intervention as this is largely what is driving up housing costs. Also the trend of giving tenant all the rights is driving out the incentive for small rentals. There was a time I wanted to be in the rental market but there is no way I would touch it now.
https://www.nytimes.com/2023/12/11/...rterly net profit margin of S&P 500 companies https://robertreich.substack.com/p/corporate-soaring-profits-are-from https://time.com/6269366/food-company-profits-make-groceries-expensive/ "Conagra chief executive, said on the earnings call with shareholders that the company’s sales growth was “primarily driven by inflation justified price increases” and a willingness by consumers to pay the higher prices. Conagra did not respond to a request for comment. Connolly added that “while these inflation cycles are painful for manufacturers to go through to a degree, sometimes they’re actually quite good for you because they become a catalyst for getting your pricing right.”
You do understand prices do not come down over time, they go up. That is called inflation. You do understand 2021 was not a transitory inflation, generally speaking. You need to show % profit increase, not a number. You did not do this.
Biden: Rate cut delayed. Seems like your lord and savior disagrees with you, @astro123 Sleepy joe is getting a little concerned about the rising inflation (as predicted). 4.5% come election time is not going to look good for Joey
at some point u'll realize how ill-informed that comment is spending $ to improve / repair infrastructure is a wise. Trump's 2016 campaign included a committment of over $100 billion on infrastucture; he could not get the bill passed Biden got the infrastrucure bill pass in his second year in office. el_conquisitor, you can't cite ine problem solved by any Government that did not include any expenditures.
Reading is fundamental... For big companies in the S&P 500 index, the average profit margin — the percentage of profit relative to revenue — soared in late 2020 and into 2021, as government stimulus and the Federal Reserve’s emergency interventions stoked consumer demand. At the same time, companies raised their prices so much that they more than covered higher costs for energy, transportation, labor and other inputs, which have recently started to come down. Corporations as varied as Apple and Williams-Sonoma recently reported their highest-ever margins for the third quarter, while Delta Air Lines said its international routes generated record profitability over the summer. Margins eased somewhat last year, but have recently recovered to levels that would have set records before the pandemic. Average margins in nearly every sector in the S&P 500 are running near or above 10-year highs, according to Goldman Sachs.
I actually love this ****. I work downtown all the time and getting parking after 6pm, i usually end upparking in some janky $20/hr private lot that is usually basically a gutted office building that someonen converted as cheaply as possible. This plan would save me a ton of money personally and grease the wheels of commerce by keeping homeless people in broken down old hoopties from making downtown parking their overnight campsite.
Rate cut in June during summer vacation season would be rich. Maybe a repeat of past years where we tap the strategic reserve and throw in a gas tax exemption while they're at it to reduce teh inflations.
invisible putting forth a false narrative again no one has said "mission accomplished" the mantra from Fed officials had been "higher for longer", w the target remains at 2%
Good ol memory wipe from the fist bump with Powell earlier this year. Biden's now calling it too when he shouldn't, since people actually care about his takes from earlier this year.
