REAL WORLD EVENT DISCUSSIONS

I'm surprised there's not an inflation thread yet

POSTED BY: 6IXSTRINGJACK
UPDATED: Saturday, October 26, 2024 12:47
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PAGE 17 of 17

Thursday, August 15, 2024 2:56 PM

THG


Quote:

Originally posted by 6ixStringJack:
Quote:

Originally posted by THG:
Quote:

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.



--------------------------------------------------

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





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





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.

--------------------------------------------------

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





Bullshit, and if you're right Trump would be winning hands down. So why is he losing?

tick tock

T


Central banks and governments closely monitor the annual inflation rate to ensure it is at a balanced and modest level, around 2% to 3%.




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Thursday, August 15, 2024 3:37 PM

SECOND

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


Quote:

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.

--------------------------------------------------

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

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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Thursday, August 15, 2024 7:38 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

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.

--------------------------------------------------

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

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



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?

--------------------------------------------------

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

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Thursday, August 15, 2024 10:43 PM

SECOND

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


Quote:

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?

--------------------------------------------------

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

6ix, how can you truthfully say you are doing fine when you are doing nothing with your life, like Trump? You don't pay taxes, like Trump? When you smoke all the time? When you were drunk all the time? When your health is falling apart because you live like an idiot, like fatso Trump? When you must get by on a few thousand dollars per year? 6ix, you are a worthless shithead, just like Trump, which is why you think Trump will rescue you from your screwed up life. If you don't think Trump is screwed up, check with his lawyers. They make a million dollars per week keeping him out of prison.

It is very predictable that all the Trumptards I know are worried about inflation. They should be worried because they have small incomes compared to their expenses and weak control of both their income and expenses since they lack self-control and discipline. 6ixStringJack carries these lacks to the extreme by having no control of anything and no responsibility for anyone.

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

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Thursday, August 15, 2024 10:45 PM

6IXSTRINGJACK




--------------------------------------------------

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

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Friday, August 16, 2024 5:53 PM

6IXSTRINGJACK


Housing costs continue to drive inflation even as food price hikes slow

https://www.usatoday.com/story/money/2024/08/14/housing-costs-main-inf
lation-driver/74803859007
/

--------------------------------------------------

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

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Sunday, August 18, 2024 10:58 PM

6IXSTRINGJACK


Kamalaflation Pushes Americans To The Brink As Costs Soar Near 20%

https://tippinsights.com/kamalaflation-pushes-americans-to-the-brink-a
s-costs-soar-near-20/#google_vignette


Quote:

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.



--------------------------------------------------

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

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Wednesday, August 21, 2024 10:14 AM

6IXSTRINGJACK


CNN: More and more Americans are worried they will lose their job

https://us.cnn.com/2024/08/19/economy/labor-market-unemployment-ny-fed
-survey/index.html


The unemployment rate is now 4.3% and rising.

I'm surprised that CNN admitted to that. Democrats and the media in general haven't been talking about the unemployment rate for months. Now you know why.

--------------------------------------------------

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

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Thursday, August 22, 2024 10:09 AM

6IXSTRINGJACK


CNBC: Nonfarm payroll growth revised down by 818,000, Labor Department says

https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by
-818000-labor-department-says.html


Quote:

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.




--------------------------------------------------

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

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Friday, August 23, 2024 4:08 AM

SECOND

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


Trump Is Promising Cheap Gas. Too Bad Getting It Would Likely Crash The Economy.

Oil industry experts agree there is no way he can deliver $1.70-a-gallon gas without destroying the domestic oil industry and triggering a deep recession.

By S.V. Date | Aug 22, 2024

https://www.huffpost.com/entry/donald-trump-half-price-gas-promise-rec
ession_n_66c68217e4b01c59f9de051f


Donald Trump has taken to promising that he will lower gasoline and energy prices by more than half in his first year back in office.

“Energy costs, all of it, air conditioning, heating, all of it, including gasoline, will drop by more than 50% within the first 12 months,” Trump promised again on Monday in Pennsylvania in what his campaign billed as an economic policy speech. “Your bill will be less than half.”

The problem, industry experts explained, is that energy is bought and sold in a global market, and the only way that gasoline could go from $3.40 a gallon now down to $1.70 a gallon is for crude oil prices to fall from $75 a barrel to between $20 and $30 a barrel. And at those lower prices, U.S. oil producers would not be able to break even.

“That would bankrupt the U.S. industry. And the entire U.S. industry would shut down before that happened,” said one oil executive with decades of experience who spoke on condition of anonymity to avoid antagonizing Trump and his campaign. “It’s classic Trump. He speaks hyperbolically without making any common sense.”

The former president has not provided any details about how he would lower gas prices so dramatically, other than his “Drill, baby, drill” mantra, which he offers as virtually the sole mechanism for his entire economic policy.

His campaign did not respond to HuffPost queries about whether Trump consulted with any actual oil industry leaders before issuing his cheap-energy promise.

Energy industry insiders said they doubt that he did because people with expertise would have told him that what he is suggesting is absurd.

“This kind of thing came out of the political shop,” the oil executive said.

Matt Randolph, another oil industry executive with more than three decades of experience in the business, frequently posts videos on social media lampooning politicians ? both Democrat and Republican ? for their claims about energy.

In a video he posted last week following a previous instance of Trump’s half-price promise, Randolph laughed at Trump’s pledge, laying out a scenario of oil industry layoffs triggering a recession. “This may be one of the dumbest statements that Donald Trump has ever made,” he said in closing.

In an interview with HuffPost, Randolph said that the only way to achieve a price of $1.70 a gallon for regular would be for crude oil prices to come down to $20 a barrel. And that, in turn, would collapse the domestic industry.

“Twenty dollar-a-barrel oil would just decimate new production,” he said, adding that the shutdown of oil production would also crater the production of natural gas, which is often extracted along with oil. “Natural gas prices would actually skyrocket.”

And, with so many power plants now burning methane, that would translate into much more expensive electricity, undermining a second element of Trump’s promise.

With no market mechanism to slash prices that sharply, Trump would be left with government action. “The only other way is massive subsidies to the American consumer,” Randolph said. “And that isn’t going to fly.”

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

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Saturday, September 14, 2024 3:29 PM

6IXSTRINGJACK


Americans Are Falling Behind on Their Bills. Wall Street Is Alarmed.
Lenders see a rise in late payments on credit cards and auto loans

https://www.wsj.com/finance/americans-credit-debt-spending-interest-ra
tes-f3836f23?mod=hp_lead_pos4


Quote:

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.



--------------------------------------------------

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

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Saturday, September 14, 2024 5:56 PM

6IXSTRINGJACK


What the struggles of dollar stores reveal about low-income America
Discounters often prosper in downturns, but recently they have been hurt by rising costs and their customers’ precarious finances

https://www.ft.com/content/4fd6ae31-520e-4e2b-ae06-4f45218c4fdf?segmen
tId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9


Quote:

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.




--------------------------------------------------

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

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Tuesday, September 24, 2024 7:00 PM

SECOND

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


The Number

By John Lanchester | September 24, 2024 at 8:00 a.m. EDT

https://www.washingtonpost.com/opinions/interactive/2024/john-lanchest
er-consumer-price-index-who-is-government/?itid=hp_opinions_p001_f015


In all the torrent of data and statistics and numbers produced by the government, I would argue that two in particular stand out. Both are numbers that are made, not found; both involve an extraordinary amount of work, and both are, and always have been, highly controversial. The first is that very same census specified in the enumeration clause of the Constitution. The census is vitally important because any government needs to know how many citizens it has and where they live and who, broadly speaking, they are; in the case of the United States, the census also directly leads to the allocation of power in the House of Representatives. Throughout American history, there has never been a time where the census wasn’t the subject of controversy.

The other number, equally important, is the main official measure of inflation, the consumer price index. At its simplest, the CPI is a vital number because it is used in multiple economic aspects of government: It is used to set levels of Social Security payments, access to payments in the Supplemental Nutrition Assistance Program (formerly food stamps), pensions and tax thresholds. It features in business contracts, in court orders and in divorce settlements. Many millions of workers have salary agreements that alter in direct relationship to the CPI. As the Bureau of Labor Statistics says, “Of all the economic statistics produced by the U.S. federal government, none has a direct impact on the lives of everyday Americans quite like the Consumer Price Index.”







https://jabberwocking.com/raw-data-inflation-in-america/

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

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Tuesday, September 24, 2024 7:07 PM

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.

--------------------------------------------------

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

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Tuesday, September 24, 2024 9:47 PM

SECOND

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


Quote:

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.

--------------------------------------------------

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

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.

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

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Tuesday, September 24, 2024 10:46 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

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.

--------------------------------------------------

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

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.



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.

--------------------------------------------------

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

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Wednesday, September 25, 2024 6:57 AM

SECOND

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


Quote:

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.

--------------------------------------------------

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

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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Wednesday, September 25, 2024 8:53 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

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.

--------------------------------------------------

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

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




When do you ever hear me complaining about my life?

You're the miserable little prick going around being a douche bag to everybody who attempts to interact with you everyday here.

BTW... If you need to throw out the word Nazi to try and win an argument in 2024 you've already lost.



--------------------------------------------------

Trump will be fine.
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Thursday, September 26, 2024 6:47 PM

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.

--------------------------------------------------

Trump will be fine.
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Friday, September 27, 2024 2:52 PM

SECOND

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


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?

Whatever the answer, it left a vast amount of wealth on the table. If the old growth rate had continued, median household income would probably be cracking six figures this year instead of just the $80,000 we actually ended up with.

https://jabberwocking.com/what-happened-to-productivity-after-the-grea
t-recession
/

Real Median Household Income in the United States (Adjusted for Inflation)
2023: 80,610
2022: 77,540
2021: 79,260
2020: 79,560
2019: 81,210

https://fred.stlouisfed.org/graph/?g=1ur1K

For comparing inflation-adjusted income to current income:

https://fred.stlouisfed.org/graph/?g=1ur49

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

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Friday, September 27, 2024 4:26 PM

6IXSTRINGJACK


Quote:

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?



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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Friday, September 27, 2024 6:01 PM

SECOND

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


Quote:

Originally posted by 6ixStringJack:

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

--------------------------------------------------

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

Since my days in engineering school, people have been telling me they are so much more knowledgeable than the experts. In the case of college, the people claimed to know more than the professors. I'd say to them: "You listen to the voices in your head and I will listen to the professors. In time you and I will see who graduates and who does not." 6ix, in your case, there is no person who will flunk you as way to break through your invincible ignorance. You will keep on thinking you know more than you do.

https://en.wikipedia.org/wiki/Invincible_ignorance_fallacy

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

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Friday, September 27, 2024 6:12 PM

6IXSTRINGJACK


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--------------------------------------------------

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

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Friday, September 27, 2024 10:03 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6ixStringJack:
Quote:

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:



Quote:

Quote:


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?

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

Retard Kevin also does not understand simple numbers, math, graphs, trends.
If you look at the graph that he displays (regardless of what it actually represents), you can see that from 1980 to 2006 there was an increase of about 40. That is a span of 26 years, or a pace of 20 per 13 years.
Even with the disastrous Obamanomics, it looks like 13 years later (2019), the data is almost up to 20 again - just a tad shy.
But moron Kevin thinks that to continue the pace of 40 every 26 years, the data should show a gain of 40 in only 13 years.
His level of retardation is astounding.

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Friday, September 27, 2024 10:13 PM

JEWELSTAITEFAN


Quote:

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.

--------------------------------------------------

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

You just don't understand how things work.

Obama/Biden MUST give billions to Ukraine, so that Ukraine can then return millions to The Biden Crime Family as bribes, kickbacks, contributions, donations, or something. Benn going on for at least a decade now, why haven't you caught on?

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Friday, September 27, 2024 10:39 PM

SECOND

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


Quote:

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.

--------------------------------------------------

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

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

Inflation is down! This is PCE inflation, the Fed's favorite, and the core rate (i.e., everything except food and energy) is down to 1.6%.
https://www.bea.gov/news/2024/personal-income-and-outlays-august-2024



On a conventional year-over-year basis, headline PCE is down to 2.2% and core PCE is down to 2.7%.

https://jabberwocking.com/in-which-i-return-to-life-and-announce-new-l
ower-inflation-rates
/

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

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Friday, September 27, 2024 10:46 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

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.

--------------------------------------------------

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

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



Yup. That describes every post that you've ever made, Wetware.

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

*yawn*



Also... Nobody but dumbasses like you and Kevin Drum are celebrating that inflation only right before the election has gotten back down to higher than it was when Trump left office. Prices increased in only 4 years what should have taken 12 with Biden*/Harris. Maybe you should ask Kevin why he didn't show 2021 on that graph when he was having fun with Photoshop and pretending he's an economist.

And you can go right back to the beginning of this thread and read the history of your lying Legacy Media pretending that there wasn't any inflation, and you two dumb fucks pretending it didn't exist for over a year before the media admitted that it was real. And even then they lied for half a year and told you it was transitory.

Nobody believes any of you cunts about anything anymore.



--------------------------------------------------

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

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Saturday, September 28, 2024 10:24 AM

SECOND

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


Quote:

Originally posted by 6ixStringJack:

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

*yawn*

6ix, just that one sentence reminds me that you are gripped by mental illness. It is kind of no surprise that you don't have an income, which pretty much makes it impossible to keep up with inflation. Even a 20% per year increase times zero income is still zero. Trump would be in the same situation as you, except he is energetically swindling people. Trump hawks $100,000 watches as he leverages his candidacy for profit
https://www.cnn.com/2024/09/26/politics/trump-watches/index.html

Lucky Loser : How Donald Trump Squandered His Father's Fortune and Created the Illusion of Success

Author(s): Russ Buettner; Susanne Craig

Download the free book from https://libgen.is//search.php?req=Russ+Buettner

Donald Trump’s Many Lucky Breaks

A new book by two New York Times investigative reporters comprehensively debunks the notion that Trump is a good businessman.

By John Cassidy | September 23, 2024

https://www.newyorker.com/news/the-financial-page/donald-trumps-many-l
ucky-breaks


Circumstances change; Donald Trump doesn’t. In early 1973, when he was twenty-six years old, he and his father, Fred Trump, who was a major developer of houses and apartment buildings in the outer boroughs of New York City, gave an interview to the real-estate section of the Times. The resulting article described Donald as the only one of Fred’s five children to show an interest in the family business, and said that he had become its president after finishing “first in his class” at Wharton business school. The piece also noted that the Trumps were in the process of buying a prime site to develop on the East Side, which Trump fils called “our entry into the Manhattan field.”

More than fifty years on, Trump isn’t letting an election campaign or attempted assassinations interfere with his efforts to hype up and promote his various ventures. The day after federal agents arrested a man who had spent nearly twelve hours hiding outside the former President’s West Palm Beach golf course with an assault rifle, Trump appeared on an X live stream to promote a new crypto outfit, World Liberty Financial. (Three years ago, he called Bitcoin “a scam.”) On Saturday, he plugged a new set of “Official Trump Coins!” on his social-media accounts.

It just so happened that the crypto launch coincided with the publication of a new book about Trump’s business career: “Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success,” by Russ Buettner and Susanne Craig, two investigative reporters at the Times. During Trump’s 2016 Presidential campaign, and when he was in the White House, Buettner and Craig wrote a number of blockbuster stories revealing how, for decades, his businesses had recorded huge losses, and how he engaged in dubious schemes to reduce his taxes. In “Lucky Loser,” the authors trace Trump’s dealings all the way back to the 1973 Times story, which they describe as largely fictitious. Trump “had graduated without honors,” they write. “His brother Freddy had displayed an interest in the business and been pushed aside by their father. . . . The Trumps had not bought land on the East Side of Manhattan for an apartment building and would not do so that decade.”

It’s not news that Trump is an inveterate teller of tall tales. The more penetrating argument that Buettner and Craig make is that he’s a lousy businessman who only got as far as he did because of a series of lucky breaks that “could paper over a litany of failure and still fund a lavish life.” “There is no evidence that in fifty years of labor Donald Trump added to his lucky fortunes,” the authors conclude. “He would have been better off betting on the stock market than on himself.”

According to Axios, Steven Cheung, the director of communications for the Trump campaign, dismissed the new book as “lies” and “nonsense,” and suggested that it belonged in the bargain bin at the bookstore. Actually, it deserves a place in the shop window. Combining the groundbreaking reporting of its authors with details unearthed throughout the years by other journalists and financial analysts, “Lucky Loser” is comprehensive, persuasive, and packed with damning anecdotes.

It starts at the beginning, with Trump’s original charmed break: the family into which he was born. Buettner and Craig relate how Trump’s father, Fred, paid for his private education, created trust funds for him and his siblings, helped to finance some of his early real-estate ventures and his expensive Manhattan life style while he was on the make, and eventually bequeathed him $177.3 million. Pop’s connections were also a boon. It was one of Fred’s old friends, Mayor Abraham Beame, who helped to facilitate one of Trump’s first big plays: obtaining an option to develop the West Side rail yards from a bankruptcy court overseeing the assets of its previous owner, Penn Central. During the construction of Trump Tower, it was Fred that helped him acquire the air rights he needed from a neighboring Tiffany’s building. And the podiatrist who provided Trump with the “bone spurs” diagnosis that enabled him to avoid the Vietnam draft? Buettner and Craig cite a 2018 report in the Times that said he may well have been a doctor who leased office space in a Fred-owned building.

Trump’s second major stroke of good fortune came in the early nineties. A number of banks, for reasons known only to them, had extended him billions of dollars’ worth of credit to finance an acquisition spree that included the Plaza Hotel, the Eastern Air Lines Shuttle, and three hotels in Atlantic City: the Trump Plaza, the Trump Castle, and the Trump Taj Mahal. (He bought the latter one when it was only partially built.) But by the summer of 1990 his businesses were struggling to pay the interest on their debts. He missed some interest payments, which raised the prospect of the banks calling his loans and forcing him and his empire into bankruptcy.

Two factors complicated the situation. Trump had cross-collateralized some of the loans, using the same assets to back more than one of them. Also, the banks had issued him with some nine hundred million dollars in credit based solely on his personal guarantee. If the banks had called their loans, “assets would have to be unloaded at fire sale prices, and they would all be fighting for a place in line to collect,” Buettner and Craig write. Rather than pushing Trump under, the banks agreed to keep him afloat in the hope that his businesses would be worth more as going concerns. They suspended some of his debt payments, issued a new line of credit to keep the businesses operating, and gave Trump a personal allowance of four hundred and fifty thousand dollars a month.

As Trump’s financial crisis dragged on, he was eventually obliged to relinquish the Plaza Hotel, the airline shuttle, his personal yacht, and half of his ownership stakes in the Taj Mahal, Castle, and Plaza casinos, which had entered bankruptcy. But these settlements left him in effective control of the Atlantic City properties and some of his other buildings, and allowed him to avoid a personal bankruptcy. On Wall Street, he was widely regarded as a busted flush. Still, he talked a big game to anyone who would listen, and, in the early two-thousands, fortune shone on him again when Mark Burnett, a reality-television producer, cast him as a successful businessman, despite the copious evidence to the contrary, on “The Apprentice.”

This was Trump’s third, and arguably biggest, piece of luck. Between 2004 and 2015, he starred in fourteen seasons of the show, which turned him into a national celebrity, and generated hundreds of million of dollars for him in fees, profit shares, and licensing deals and endorsement fees that resulted from his enhanced public standing. Even this huge windfall wasn’t enough to cover the ongoing losses from his other businesses, including a string of upscale golf courses that he had acquired. In 2009, Buettner and Craig note, the Trump Organization appears to have recorded accumulated tax losses of nearly eight hundred million dollars, which Trump then used to claim a big refund from the I.R.S. for the taxes he had paid since “The Apprentice” had taken off. In accordance with its standard procedure, the tax agency issued the refund—$72.8 million, including interest—and opened an audit. “The IRS audit would remain open for years to come, posing a potential threat if the final decision went against him,” the authors write. “But for the foreseeable future, the cash was his.”

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

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Saturday, September 28, 2024 4:20 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6ixStringJack:

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

*yawn*

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



This is just claims you've repeated over 1,000 times here. Your post history speaks for itself.

--------------------------------------------------

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

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Monday, September 30, 2024 7:20 AM

SECOND

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


Median Income
Age 25-35, adjusted for inflation

https://jabberwocking.com/are-young-men-falling-even-further-behind/

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

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Saturday, October 26, 2024 12:47 PM

6IXSTRINGJACK


USA Today: Inflation-shocked low- and middle-income Americans may not spend normally for years

https://www.usatoday.com/story/money/personalfinance/2024/10/25/inflat
ion-low-middle-income-lasting-impact/75796197007
/

Quote:

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.”



Yup.

Why are you being honest about it now, USA Today?

You were one of the rags denying inflation was happening, and then telling us it was transitory, and then spending 2 years making out like it was a conspiracy theory that Americans were being hurt by the current administration.

I guess we've got to start being honest about what's actually happening when we know Trump is about to win.

Tick Tock



--------------------------------------------------

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

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