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Biden-Economic-Theory
Biden-Economic-Theory
By Sumela
30 Jun 2023 8:27 am in No Holds Barred Political Forum
30 Jun 2023 8:27 am
30 Jun 2023 12:57 pm
I just got my property tax bill. UP 600 bucks in a year! I'm furious!
thanks Biden- keep voting for these clown liberals...
30 Jun 2023 1:00 pm
Seems like property taxes inflate more often than any other taxes....?sootedupCyndi » 30 Jun 2023, 12:57 pm » wrote: ↑ I just got my property tax bill. UP 600 bucks in a year! I'm furious!
thanks Biden- keep voting for these clown liberals...
30 Jun 2023 1:15 pm
What for? I live in a one horse pony town-Sumela » 30 Jun 2023, 1:00 pm » wrote: ↑ Seems like property taxes inflate more often than any other taxes....?
it has no post office- only one store- And they don't even do a good job at plowing the roads!
I am so mad right now... you have no idea! my house is old- falling apart.
30 Jun 2023 1:16 pm
JJJ....hospitals, schools, roads....Biden-Flation hits everythingsootedupCyndi » 30 Jun 2023, 1:15 pm » wrote: ↑ What for? I live in a one horse pony town-
it has no post office- only one store- And they don't even do a good job at plowing the roads!
I am so mad right now... you have no idea! my house is old- falling apart.
30 Jun 2023 1:29 pm
lol- i know. i hope everyone of these liberal clowns get their bill. I guarantee they live in a better home! They wont say a word tho- because pronouns are more important! They aint got the balls to even admit they are wrong..!!!!Sumela » 30 Jun 2023, 1:16 pm » wrote: ↑ JJJ....hospitals, schools, roads....Biden-Flation hits everything
30 Jun 2023 2:35 pm
I was first taught economics in high school, right in the middle of the 73-4 recession, which was caused by an oil shock, not Nixon or Ford.
And except for brief recessions in 1980, 81-2, 91, 01, 08-9, and Covid, which is a black swan event, it has been accurate to say that like today, these are the best times ever in America, and in all recorded human history, regardless of which party held power at any given time.
You might be having a hard time, but some day you are going to lay down and die, too. The world will not skip a beat when you do. This world is not set up for your constant gratification.
Another thing I’ve noticed is Democrats reject economic data when Republicans are in power and when Democrats are in power Republicans reject the same numbers.
On this day, the United States economy is growing at at an inflation adjusted rate of 2%
—-
Current‑dollar GDP increased 6.1 percent at an annual rate, or $391.8 billion, in the first quarter to a level of $26.53 trillion, an upward revision of $43.5 billion from the previous estimate
US gross domestic product was revised up notably to a 2% annualized advance in the first quarter, data showed Thursday.
The government’s third estimate of GDP for the period reflected upward revisions to exports and consumer spending. Household spending, the engine of the US economy, rose at a 4.2% pace — the strongest in nearly two years — as services outlays were adjusted higher.
—-
The fed funds rate is 5.25%
Inflation at 4% and falling each month
Unemployment at 3.7%
Deficits under Biden have fallen by half, largely because of the end of Covid. Last years deficit was 1.4 trillion (5.5% gdp down from 2.8 trillion (12.5% gdp) under Trump. It’s not a fair comparison but it’s accurate. Trump’s vaccines broke Covid, and he’d reaped the same reductions had he won, and he nearly did win.
And something else I’ve learned, from fifty years of watching current events.
Barring a recession next year Biden will be re-elected with a greater margin than 2020.
People vote their pocketbooks.
And except for brief recessions in 1980, 81-2, 91, 01, 08-9, and Covid, which is a black swan event, it has been accurate to say that like today, these are the best times ever in America, and in all recorded human history, regardless of which party held power at any given time.
You might be having a hard time, but some day you are going to lay down and die, too. The world will not skip a beat when you do. This world is not set up for your constant gratification.
Another thing I’ve noticed is Democrats reject economic data when Republicans are in power and when Democrats are in power Republicans reject the same numbers.
On this day, the United States economy is growing at at an inflation adjusted rate of 2%
—-
Current‑dollar GDP increased 6.1 percent at an annual rate, or $391.8 billion, in the first quarter to a level of $26.53 trillion, an upward revision of $43.5 billion from the previous estimate
US gross domestic product was revised up notably to a 2% annualized advance in the first quarter, data showed Thursday.
The government’s third estimate of GDP for the period reflected upward revisions to exports and consumer spending. Household spending, the engine of the US economy, rose at a 4.2% pace — the strongest in nearly two years — as services outlays were adjusted higher.
—-
The fed funds rate is 5.25%
Inflation at 4% and falling each month
Unemployment at 3.7%
Deficits under Biden have fallen by half, largely because of the end of Covid. Last years deficit was 1.4 trillion (5.5% gdp down from 2.8 trillion (12.5% gdp) under Trump. It’s not a fair comparison but it’s accurate. Trump’s vaccines broke Covid, and he’d reaped the same reductions had he won, and he nearly did win.
And something else I’ve learned, from fifty years of watching current events.
Barring a recession next year Biden will be re-elected with a greater margin than 2020.
People vote their pocketbooks.
30 Jun 2023 2:45 pm
That video is...... COMPLETELY GLORIOUS!!!!
AGAIN! DO IT AGAIN!!!
30 Jun 2023 2:48 pm
RayJJohnson » 30 Jun 2023, 2:45 pm » wrote: ↑ That video is...... COMPLETELY GLORIOUS!!!!
I know - I have watched it about 10x
30 Jun 2023 2:53 pm
Best fourth of july EVER
*sniffs* You smell that? Smells like liberty!
30 Jun 2023 2:55 pm
Sumela » 30 Jun 2023, 1:00 pm » wrote: ↑ Seems like property taxes inflate more often than any other taxes....?
Property taxes fluctuates depending on which party needs more money in their coffers.
30 Jun 2023 3:00 pm
Property taxes are set by local governments.RayJJohnson » 30 Jun 2023, 2:55 pm » wrote: ↑ Property taxes fluctuates depending on which party needs more money in their coffers.
The money goes to local school, police, fire, roads and bridges.
30 Jun 2023 3:00 pm
more than anything else, property taxes are affected by ***. Local hospitals, police, and futile schools trying to make *** think with their tiny brains. My property taxes are over 20k/year cause my county has a large dumb *** population.Sumela » 30 Jun 2023, 1:00 pm » wrote: ↑ Seems like property taxes inflate more often than any other taxes....?
30 Jun 2023 3:03 pm
sootedupCyndi » 30 Jun 2023, 1:15 pm » wrote: ↑ What for? I live in a one horse pony town-
it has no post office- only one store- And they don't even do a good job at plowing the roads!
I am so mad right now... you have no idea! my house is old- falling apart.
That's cause the tax man knows yer captive. Upping people's tax like that is criminal!
30 Jun 2023 3:20 pm
If you keep your posts to a couple of paragraphs with a few sentences, the impact will be much greater than the Epistles of Bruce, volumes 1-5.Bruce » 30 Jun 2023, 2:35 pm » wrote: ↑ I was first taught economics in high school, right in the middle of the 73-4 recession, which was caused by an oil shock, not Nixon or Ford.
And except for brief recessions in 1980, 81-2, 91, 01, 08-9, and Covid, which is a black swan event, it has been accurate to say that like today, these are the best times ever in America, and in all recorded human history, regardless of which party held power at any given time.
You might be having a hard time, but some day you are going to lay down and die, too. The world will not skip a beat when you do. This world is not set up for your constant gratification.
Another thing I’ve noticed is Democrats reject economic data when Republicans are in power and when Democrats are in power Republicans reject the same numbers.
On this day, the United States economy is growing at at an inflation adjusted rate of 2%
—-
Current‑dollar GDP increased 6.1 percent at an annual rate, or $391.8 billion, in the first quarter to a level of $26.53 trillion, an upward revision of $43.5 billion from the previous estimate
US gross domestic product was revised up notably to a 2% annualized advance in the first quarter, data showed Thursday.
The government’s third estimate of GDP for the period reflected upward revisions to exports and consumer spending. Household spending, the engine of the US economy, rose at a 4.2% pace — the strongest in nearly two years — as services outlays were adjusted higher.
—-
The fed funds rate is 5.25%
Inflation at 4% and falling each month
Unemployment at 3.7%
Deficits under Biden have fallen by half, largely because of the end of Covid. Last years deficit was 1.4 trillion (5.5% gdp down from 2.8 trillion (12.5% gdp) under Trump. It’s not a fair comparison but it’s accurate. Trump’s vaccines broke Covid, and he’d reaped the same reductions had he won, and he nearly did win.
And something else I’ve learned, from fifty years of watching current events.
Barring a recession next year Biden will be re-elected with a greater margin than 2020.
People vote their pocketbooks.
30 Jun 2023 3:54 pm
RebelGator » 30 Jun 2023, 3:20 pm » wrote: ↑ If you keep your posts to a couple of paragraphs with a few sentences, the impact will be much greater than the Epistles of Bruce, volumes 1-5.
30 Jun 2023 4:11 pm
The biggest percentage of property taxes paid by residents in towns and counties goes to public schools followed by highway departments. Schools in *** majority suburban towns receive huge amounts of funding from state and federal governments. One way or another, the white man pays for free *** and illegal alien servicesFOS » 30 Jun 2023, 3:00 pm » wrote: ↑ more than anything else, property taxes are affected by ***. Local hospitals, police, and futile schools trying to make *** think with their tiny brains. My property taxes are over 20k/year cause my county has a large dumb
30 Jun 2023 4:53 pm
Is there a reason you are telling me this Captain Obvious? Here in Washington State there are what taxes were supposed to be for and then there are what they are used for. If you use taxes to fill contracts with wealthy doners, they donate to your party. It's that simple. There, now you have been schooled on crony capitalism.Bruce » 30 Jun 2023, 3:00 pm » wrote: ↑ Property taxes are set by local governments.
The money goes to local school, police, fire, roads and bridges.
30 Jun 2023 5:00 pm
good on you fool- if you follow the stats. ha ha ha... cookie the books.Bruce » 30 Jun 2023, 2:35 pm » wrote: ↑ I was first taught economics in high school, right in the middle of the 73-4 recession, which was caused by an oil shock, not Nixon or Ford.
And except for brief recessions in 1980, 81-2, 91, 01, 08-9, and Covid, which is a black swan event, it has been accurate to say that like today, these are the best times ever in America, and in all recorded human history, regardless of which party held power at any given time.
You might be having a hard time, but some day you are going to lay down and die, too. The world will not skip a beat when you do. This world is not set up for your constant gratification.
Another thing I’ve noticed is Democrats reject economic data when Republicans are in power and when Democrats are in power Republicans reject the same numbers.
On this day, the United States economy is growing at at an inflation adjusted rate of 2%
—-
Current‑dollar GDP increased 6.1 percent at an annual rate, or $391.8 billion, in the first quarter to a level of $26.53 trillion, an upward revision of $43.5 billion from the previous estimate
US gross domestic product was revised up notably to a 2% annualized advance in the first quarter, data showed Thursday.
The government’s third estimate of GDP for the period reflected upward revisions to exports and consumer spending. Household spending, the engine of the US economy, rose at a 4.2% pace — the strongest in nearly two years — as services outlays were adjusted higher.
—-
The fed funds rate is 5.25%
Inflation at 4% and falling each month
Unemployment at 3.7%
Deficits under Biden have fallen by half, largely because of the end of Covid. Last years deficit was 1.4 trillion (5.5% gdp down from 2.8 trillion (12.5% gdp) under Trump. It’s not a fair comparison but it’s accurate. Trump’s vaccines broke Covid, and he’d reaped the same reductions had he won, and he nearly did win.
And something else I’ve learned, from fifty years of watching current events.
Barring a recession next year Biden will be re-elected with a greater margin than 2020.
People vote their pocketbooks.
30 Jun 2023 5:03 pm
You think tha'ts bad? I have NO PROPERTY INSURANCE, because no one will insure it against fire!sootedupCyndi » 30 Jun 2023, 1:15 pm » wrote: ↑ What for? I live in a one horse pony town-
it has no post office- only one store- And they don't even do a good job at plowing the roads!
I am so mad right now... you have no idea! my house is old- falling apart.
And we re entering a major fire season. Its over 100 F. and I can't run my swamp cooler now. The maintanence guy shorted out the controls. Supposed to have an electrician on the way today to fix it. Gonna cost me a bundle! I'm sweating like a Turk!
@sooted up Cyndi
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