Bidenomics: Double the Grief as Americans Slump Economically in 2023!

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By Buffalo
12 Jan 2024 7:02 am in No Holds Barred Political Forum
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R. Suave
12 Jan 2024 8:09 am
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Buffalo » 12 Jan 2024, 9:05 am » wrote: Fueled by an increase on consumer debt, *******.
Stop digging, Buffy..
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Fuelman
12 Jan 2024 8:09 am
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Let's see what one of those talking heads says from the Fed:

"March is probably too early in my estimation for a rate decline because I think we need to see some more evidence," Cleveland Federal Reserve President Loretta Mester said Thursday in an interview with Bloomberg TV.

Her remarks followed a report released Thursday morning that showed the Consumer Price Index came in stronger than expected in December. CPI rose at an annualized rate of 3.4% in December, up from a 3.1% year-over-year rate in November. Economists had expected it to come in at 3.2%, according to consensus estimates from Dow Jones.

"The December CPI report just shows there is more work to do and that work is going to take restrictive monetary policy," Mester said.


The current pain a lot of people are experiencing isn't going away any time soon.

 
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Buffalo
12 Jan 2024 8:30 am
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R.Suave » 12 Jan 2024, 9:09 am » wrote: Stop digging, Buffy..
I am not digging, *******!!!  You obviously do not understand how consumer spending and the related debt work.  Sure, retail spending was up in 2023 but it was driven by an increase in consumer debt to finance that spending which is not the same as a booming economy.

Why are middle and working class people saying they are worse off under braindead biden's bidenflation and indicators prove that real incomes are down?
  • Real median earnings declined by 2.2 percent over the same period.
  • Real median post-tax income was down 8.8 percent relative to 2021.
ImageThe Bottom Line:Bidenomics is not working for the American people. Persistent high inflation, record spending, failed economic policies, regulations, and a slew of new taxes have eaten away at the well-being of the American people. Congress needs to cut red-tape, right-size the bloated bureaucracy and rein-in reckless spending to Reverse The Curse and get the economy and people’s wallets growing again.

Americans' Incomes Fall for Second Year during the Biden Administration | The U.S. House Committee on the Budget - House Budget Committee
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Zeets2
12 Jan 2024 8:30 am
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R.Suave » 12 Jan 2024, 8:47 am » wrote: For the year, the Retail Monitor increased by 3.1% and the core was up 2.4%.

Buffy,

You're an idiot.
That's it, stupid!
Pick a survey to rely on that eliminates how the inflation rate has risen for those pesky, unimportant things like gas and auto purchases since Biden took office.

Because after all, hardly ANYBODY bought a car in the last 4 years or really needs gas for it every week, right?
 
R. Suave
12 Jan 2024 8:35 am
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Zeets2 » 12 Jan 2024, 9:30 am » wrote: That's it, stupid!
Pick a survey to rely on that eliminates how the inflation rate has risen for those pesky, unimportant things like gas and auto purchases since Biden took office.

Because after all, hardly ANYBODY bought a car in the last 4 years or really needs gas for it every week, right?
Zeet, you witless ****...

They are referring to consumer spending, not inflation.


 
R. Suave
12 Jan 2024 8:37 am
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Buffalo » 12 Jan 2024, 9:30 am » wrote: I am not digging, *******!!!  You obviously do not understand how consumer spending and the related debt work.  Sure, retail spending was up in 2023 but it was driven by an increase in consumer debt to finance that spending which is not the same as a booming economy.

Why are middle and working class people saying they are worse off under braindead biden's bidenflation and indicators prove that real incomes are down?
  • Real median earnings declined by 2.2 percent over the same period.
  • Real median post-tax income was down 8.8 percent relative to 2021.
ImageThe Bottom Line:Bidenomics is not working for the American people. Persistent high inflation, record spending, failed economic policies, regulations, and a slew of new taxes have eaten away at the well-being of the American people. Congress needs to cut red-tape, right-size the bloated bureaucracy and rein-in reckless spending to Reverse The Curse and get the economy and people’s wallets growing again.

Americans' Incomes Fall for Second Year during the Biden Administration | The U.S. House Committee on the Budget - House Budget Committee
You obviously do not understand
Buffy,

I understand that you ran your mouth and were corrected...now you're running your mouth about more **** you dont understand
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RebelGator
12 Jan 2024 8:58 am
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GHETTOBLASTER » 12 Jan 2024, 8:56 am » wrote: I wouldn't expect an effeminately raised queer bitch like you to know...!!!
for example ..a 2x4x8 foot long wall stud went from about  $2.50 at Lowes during Trump's presidency to almost $9 when Biden's Gasoline War peaked.
a 60# sack of Redicrete went from about $2 to over $4  during the same time frame.
The prices on building materials rose so fast that the lumber yards installed electronic price displays that were hooked up to a central control system for up to the minute price increases.

https://www.agc.org/news/2022/12/09/con ... uble-digit
You need to put it in terms he understands....like the price increase of anal lube.
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Zeets2
12 Jan 2024 8:58 am
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R.Suave » 12 Jan 2024, 9:35 am » wrote: Zeet, you witless ****...

They are referring to consumer spending, not inflation.
Yeah, and a person's spending is NEVER dictated by how high Biden's inflation increases, right?
Use your head, stupid!
Here's a clue for your empty head.
When inflation causes prices to increase dramatically and people make huge cuts in purchasing large ticket items like housing, electronics, appliances, cars, and furniture, because the prices are now too high to be able for them to afford, they certainly have enough money remaining to be able to a hamburger at McDonalds or a beer at their local bar (a category where spending increased by a whopping 1.5%) for those two kinds of purchases you seem to be SO proud of!

From your own article:
Spending was clearly hampered by the slowdown in the housing industry. Three of the biggest negative categories were housing related:
  • Electronics and appliances (-3.2%)
  • Building and garden supplies (-1.5%)
  • Furniture and home furnishings (-0.9%).
Furniture sales have been negative in four of the past five months.
Oh, and what's this???!?:
The new Retail Monitor is a joint product of CNBC and the National Retail Federation
So a liberal TV network comes up with a new way to gauge a **** economy that make it appear far rosier than it actually is and helps support a failed president who they love, and dopes like you puff out their chest and smile with pride over it!
Amazing!
You're some piece of work, you know that?  :die:  
R. Suave
12 Jan 2024 9:01 am
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Zeets2 » 12 Jan 2024, 9:58 am » wrote: Yeah, and a person's spending is NEVER dictated by how high Biden's inflation increases, right?
Use your head, stupid!
Here's a clue for your empty head.
When inflation causes prices to increase dramatically and people make huge cuts in purchasing large ticket items like housing, electronics, appliances, cars, and furniture, because the prices are now too high to be able for them to afford, they certainly have enough money remaining to be able to a hamburger at McDonalds or a beer at their local bar (a category where spending increased by a whopping 1.5%) for those two kinds of purchases you seem to be SO proud of!

From your own article:

Oh, and what's this???!?:

So a liberal TV network comes up with a new way to gauge a **** economy that make it appear far rosier than it actually is and helps support a failed president who they love, and dopes like you puff out their chest and smile with pride over it!
Amazing!
You're some piece of work, you know that?  Image
You're a moron, Zeet..

As repeatedly demonstrated.

I'm satisfied I've got it right, again.
 
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Zeets2
12 Jan 2024 9:03 am
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R.Suave » 12 Jan 2024, 10:01 am » wrote: You're a moron, Zeet..

As repeatedly demonstrated.

I'm satisfied I've got it right, again.
Yeah, it doesn't take much to satisfy an eggplant.
Or the village idiot.
 
R. Suave
12 Jan 2024 9:06 am
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Zeets2 » 12 Jan 2024, 10:03 am » wrote: Yeah, it doesn't take much to satisfy an eggplant.
Or the village idiot.
You didn't even know what the citation was about...and made an *** of yourself, again.

Now you have more gas to vent..





 
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Huey
12 Jan 2024 9:19 am
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R.Suave » 12 Jan 2024, 8:28 am » wrote: Data shows otherwise...

 
 

 

You need to get with those who, on both sides, who think the Biden economy sucks.  
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R. Suave
12 Jan 2024 9:20 am
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Huey » 12 Jan 2024, 10:19 am » wrote: You need to get with those who, on both sides, who think the Biden economy sucks.
Why?

I'm always right.
 
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Huey
12 Jan 2024 9:23 am
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R.Suave » 12 Jan 2024, 10:20 am » wrote: Why?

I'm always right.
 

 
LMAO!  Agan, your lack of living in the real world has embarrassed you. 
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R. Suave
12 Jan 2024 9:31 am
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Huey » 12 Jan 2024, 10:23 am » wrote: LMAO!  Agan, your lack of living in the real world has embarrassed you.
I do the shopping and pay all the bills at my house...I haven't spent a minute of my life on the tax payer tit.

That's Real Life, Princess.

 
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Huey
12 Jan 2024 9:32 am
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R.Suave » 12 Jan 2024, 10:31 am » wrote: I do the shopping and pay all the bills at my house...I haven't spent a minute of my life on the tax payer tit.

That's Real Life, Princess.

 

 
Neither have I.  Just like your father, uncle and dead friend.
 
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R. Suave
12 Jan 2024 9:38 am
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Huey » 12 Jan 2024, 10:32 am » wrote: Neither have I.  Just like your father, uncle and dead friend.
They served in battle, then went directly to the private sector.

 
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Huey
12 Jan 2024 9:45 am
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R.Suave » 12 Jan 2024, 10:38 am » wrote: They served in battle, then went directly to the private sector.

 

 
Interesting.  Relatively speaking I have posted very little about my military career.  According to you though, anyone who did not go to war is sucking on the government tit.  

Good to know.  Remember, this is why I caution posters NOT to post things like your career, college, medical issues, etc when this guy around.  He will use it to mock you, disrupt your threads, and attempted insults.


 
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ConsRule
12 Jan 2024 9:49 am
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What people (mostly liberals, but not exclusively) fail to understand is a President lives in the political world. In that world, perception is a hell of lot more important than reality.

And the old saying of "All politics is local" is very true. How life is locally for the voter almost always dictates how they vote.
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