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Originally posted by 6ixStringJack:

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Originally posted by THG:

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Originally posted by 6ixStringJack:
Wow. Before Biden* was in office, 3% was bad.

Not impressed at all when it's been so high for so long that the bar is below the floor, Theodore.

Neither is anybody who can't afford anything in Joe Biden*/Democrat's America.

That cohort includes the half of your party's base that isn't a college "educated" white person.



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Trump will be fine.
He will also be your next President.

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Consumer price index rose 0.2 % in July pushing inflation down to 2.9 %, not 3 %. If you had gone to school, you would understand things started to go awry when Trump completely mismanaged COVID causing hundreds of thousands of needless deaths. Biden has fixed Trumps mess before his first term ended. Fucking outstanding...

Get ready cause Biden isn't done. Watch the news and you'll see why.

T

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2.9% is not good either, Ted. And that's a high 2.9% on top of years of ultra-high inflation now.

Your guy destroyed the economy. Those prices will NEVER go back down. We got 12 years of inflation in only 4 years and that will NEVER reverse.

Don't pretend you know anything about this. You're a fucking idiot.

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Trump will be fine.
He will also be your next President.

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Originally posted by 6ixStringJack:

2.9% is not good either, Ted. And that's a high 2.9% on top of years of ultra-high inflation now.

Your guy destroyed the economy. Those prices will NEVER go back down. We got 12 years of inflation in only 4 years and that will NEVER reverse.

Don't pretend you know anything about this. You're a fucking idiot.

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Trump will be fine.
He will also be your next President.

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Originally posted by second:

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Originally posted by 6ixStringJack:

2.9% is not good either, Ted. And that's a high 2.9% on top of years of ultra-high inflation now.

Your guy destroyed the economy. Those prices will NEVER go back down. We got 12 years of inflation in only 4 years and that will NEVER reverse.

Don't pretend you know anything about this. You're a fucking idiot.

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Trump will be fine.
He will also be your next President.

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Too bad that car prices go up, but that happens because car companies set their prices to take from buyers the maximum amount that buyers have. Lower prices would be stupid for a capitalistic car company wanting to be as profitable as the buyers' bank account balances allow in the market for new cars.

Trump's VP, J.D. Vance, says no one can afford a car anymore. As usual, this kind of doom mongering is wrong. It's true that car prices spiked during the pandemic, but here's the long-term picture:


Car affordability goes up and down based on various factors: recessions (2007), factory problems (Fukushima), supply chain problems (COVID), changes in taste (SUVs vs. sedans), and so forth. But the trendline has been dead flat for 30+ years and new car prices are already starting to correct for their pandemic spike.

This is all the more remarkable because you get so much more for the same price these days. Essentially every car made now has: airbags, anti-lock brakes, fuel injection, GPS, infotainment systems, air conditioning, adaptive cruise control, lane keeping, better gas mileage, better reliability, and more.

Things are fine. Politicians and newspapers have incentives to make everything seem bad, but the facts say otherwise. No human beings anywhere in the world at any point in history have been better off than the average US citizen of 2024. (Nobody cares about below average US citizens such as 6ixStringJack or Donald J Trump, except other losers like those two.)

Author Kevin Drum Published on August 14, 2024 – 2:16 pm

https://jabberwocking.com/dont-listen-to-j-d-vance-things-are-fine/

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

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Originally posted by 6ixStringJack:

People in 2018 were way better off than in 2024.

This is why Democrats lose. The Media can spend 4 straight years telling everyone it's all in their imagination, but it's not in anybody's imagination and people are sick of this shit.

The biggest whiners are the college "educated" white people making over $100k per year that keep cranking out article after article that they can't make a living on 6 figures any more. Woe is them.

Me personally? I'm fine.

How was work today, honey?

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Trump will be fine.
He will also be your next President.

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We are retiring 'Bidenomics' for ‘Kamalanomics’ since Vice President Kamala Harris is the incumbent running for election. She is just as responsible for the current economic conditions as Biden and cannot distance herself from them. Through her tie-breaking votes in the Senate, Harris passed key inflationary legislation, including the Inflation Reduction Act and the American Rescue Plan Act, which added trillions to the national debt.

The dark reality of Kamalanomics is the alarming 19.6% inflation under the President’s watch, which is 5.6% annually. When Biden-Harris took office, inflation was at just 1.4%. Since March 2021, inflation has consistently remained above the Federal Reserve's 2% target for 41 consecutive months.

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As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported

The revision to the total payrolls level of -0.5% is the largest since 2009.

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Around 9.1% of credit-card balances turned delinquent over the past year, the highest rate in over a decade, according to an August report from the Federal Reserve Bank of New York.

...

The average interest rate on a 60-month loan for a new car was 8.2% as of May, according to Fed data, up from 5.3% in 2019.

Over the past year, roughly 8% of auto loans turned delinquent, according to the New York Fed, the highest rate in over a decade.

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At Dollar General, more customers are “resorting to using credit cards for basic household needs,” Vasos told analysts on a recent earnings call. He added that shopper surveys show about 30 per cent have maxed out at least one card and a quarter expect to miss a bill payment in the next six months.

“When things start to move south in the economy, our core customer feels it first,” Vasos said at the Goldman Sachs Global Retailing Conference last week, held in a Manhattan hotel a 25-minute train ride from Newark.

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Originally posted by 6ixStringJack:
Glad to know that the Government is working overtime to figure out a way to screw seniors and not give them the money they should be getting after inflation.

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Trump will be fine.
He will also be your next President.

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Originally posted by second:

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Originally posted by 6ixStringJack:
Glad to know that the Government is working overtime to figure out a way to screw seniors and not give them the money they should be getting after inflation.

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Trump will be fine.
He will also be your next President.

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Go fuck yourself, 6ix. Seniors get the same inflation adjustment as everybody else equal to the Consumer Price Index, not a larger one especially for the elderly based upon being senile old fools cheated by richer Trumptards who gouge the elderly extra hard compared to younger people.

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Originally posted by 6ixStringJack:

I know exactly how Social Security increases are derived, scrub.

It's just unfortunate that our corrupt government is doing everything in their power to get people to vote for Harris that they're going to fuck over everybody getting Social Security when it comes to their yearly increases in order to tell this lie to everyone.

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Trump will be fine.
He will also be your next President.

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Originally posted by second:

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Originally posted by 6ixStringJack:

I know exactly how Social Security increases are derived, scrub.

It's just unfortunate that our corrupt government is doing everything in their power to get people to vote for Harris that they're going to fuck over everybody getting Social Security when it comes to their yearly increases in order to tell this lie to everyone.

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Trump will be fine.
He will also be your next President.

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6ix, you are so full of shit. What you want is a special CPI, twice or three times higher than the real CPI, exclusively for unemployed Trumptards. Sorry, not gonna happen despite the retards in your state needing a boost of 2 or 3 or maybe 4 so that the retards can keep up with ordinary people who are not Nazis convinced they deserve better in life, such as yourself.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

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Originally posted by second:
What happened to productivity after the Great Recession (Dec 2007 to June 2009)?

By Kevin Drum | September 26, 2024 – 10:31 pm

The Great Recession produced a sudden and permanent reduction in the growth rate of labor productivity:


Productivity today is 20% lower than it would have been if it had kept growing at its rate of the previous few decades.

But what was the cause of the slowdown? The recession itself? Our tepid response to it? Or was the old growth rate a bubble that we were simply never going to be able to keep up forever?

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Originally posted by 6ixStringJack:

I don't think Kevin understands what Labor Productivity is.

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Trump will be fine.
He will also be your next President.

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Originally posted by 6ixStringJack:

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Originally posted:
What happened to productivity after the Great Recession (Dec 2007 to June 2009)?

By Kevin Drum | September 26, 2024 – 10:31 pm

The Great Recession produced a sudden and permanent reduction in the growth rate of labor productivity:

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Productivity today is 20% lower than it would have been if it had kept growing at its rate of the previous few decades.

But what was the cause of the slowdown? The recession itself? Our tepid response to it? Or was the old growth rate a bubble that we were simply never going to be able to keep up forever?

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I don't think Kevin understands what Labor Productivity is.

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Originally posted by 6ixStringJack:
Oh good. We just gave BILLIONS more to Ukraine for nothing.

We even had Josh Shapiro there, arm-in-arm with the NeoCons signing missiles with sharpies before sticking them up each other's asses and blowing each other.

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Trump will be fine.
He will also be your next President.

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Originally posted by 6ixStringJack:
Blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah.

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Trump will be fine.
He will also be your next President.

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Originally posted by second:

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Originally posted by 6ixStringJack:
Blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah.

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Trump will be fine.
He will also be your next President.

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There is tremendous data about yourself in your reply: High-strung. Thin-skinned. Repetitive. Thick skull. Dimwit. Braggart. Immodest.

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Originally posted by 6ixStringJack:

Why don't you tell us again how Democrat voters never get sick because they never sin.

*yawn*

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Originally posted by second:

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Originally posted by 6ixStringJack:

Why don't you tell us again how Democrat voters never get sick because they never sin.

*yawn*

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6ix, just that one sentence reminds me that you are gripped by mental illness.

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Putting “fun” back into low- and middle-income Americans’ budgets could be years away with most of their income barely covering the surge in costs for bare necessities, economists said.

Even with annual inflation last month cooling to the lowest level since February 2021 and wages rising faster than inflation, low- and middle-income Americans are just barely covering their essentials, which include groceries, shelter, utilities and gasoline, economists say.

That’s because when inflation slows, it only means prices aren't rising as quickly, not that prices are declining. So, Americans continue to pay higher prices for everyday needs.

Low- and middle-income Americans were hit disproportionately harder than their higher-income peers because essentials account for a larger share of their budgets, and their discretionary spending, or spending on nonessential items like dining out, vacations and entertainment, is only just recovering, economists say.

“For a very large share of Americans, the bottom 60% are spending more on essentials than before the pandemic,” said Michael Pearce, Oxford Economics deputy chief U.S. economist. “The burden is hardest among the lowest income but also touches middle income. Spending patterns of low-income Americans will take years to recover.”

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