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The New Coffee Room

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  3. Bidenomics At Work

Bidenomics At Work

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #108

    So there:

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • 89th8 Offline
      89th8 Offline
      89th
      wrote on last edited by
      #109

      image.png

      Ah yes, gas is SO MUCH cheaper.

      Also, pretty sure groceries, toys, and basically EVERYTHING has not gone down in price. Vendors are leaving prices as-is or increasing them, at least it seems to me. They need to keep up with the CPI, inflation, whatever... and they also know customers will pay higher prices if need be. Not much incentive to lower prices.

      1 Reply Last reply
      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #110

        I love how they try to say Trump has the worst employment record in history when comparing employment at the beginning of his term and at the end…

        89th8 1 Reply Last reply
        • CopperC Offline
          CopperC Offline
          Copper
          wrote on last edited by
          #111

          A viral $16 McDonald’s meal won’t go away, and that’s a problem for Democrats

          Take the $16 McDonald’s meal that struck a nerve on TikTok late last year. If you missed it, the gist is there’s a guy in Idaho who paid $16.10 for a burger, large fries and a drink.

          https://www.cnn.com/2023/11/27/business/mcdonalds-burger-economy-nightcap/index.html

          1 Reply Last reply
          • HoraceH Offline
            HoraceH Offline
            Horace
            wrote on last edited by
            #112

            Just saw food truck burritos around here at $12.50.

            Education is extremely important.

            89th8 1 Reply Last reply
            • jon-nycJ jon-nyc

              JollyJ Offline
              JollyJ Offline
              Jolly
              wrote on last edited by
              #113

              @jon-nyc said in Bidenomics At Work:

              Thank God we didn't have any trouble. Bad trouble.

              https://www.msn.com/en-us/travel/news/industry-expert-warns-thanksgiving-flights-could-be-unsafe-as-record-number-of-travelers-prepare-for-takeoff/ar-AA1kig0k

              “Cry havoc and let slip the DOGE of war!”

              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

              1 Reply Last reply
              • HoraceH Horace

                Just saw food truck burritos around here at $12.50.

                89th8 Offline
                89th8 Offline
                89th
                wrote on last edited by
                #114

                @Horace said in Bidenomics At Work:

                Just saw food truck burritos around here at $12.50.

                Same. Two days ago I saw a truck as I was running errands and thought, yeah I could do a food truck burrito. I didn't stop when I saw it was $14.

                1 Reply Last reply
                • LuFins DadL LuFins Dad

                  I love how they try to say Trump has the worst employment record in history when comparing employment at the beginning of his term and at the end…

                  89th8 Offline
                  89th8 Offline
                  89th
                  wrote on last edited by
                  #115

                  @LuFins-Dad said in Bidenomics At Work:

                  I love how they try to say Trump has the worst employment record in history when comparing employment at the beginning of his term and at the end…

                  Yeah Trump was great on that front. COVID screwed him on the job numbers, but it would've done that to anyone. Trump continued Obama's unemployment trend quite consistently from 2009 to 2020.

                  39e558c6-f366-43a6-91cf-80cd05731e4c-image.png

                  1 Reply Last reply
                  • AxtremusA Away
                    AxtremusA Away
                    Axtremus
                    wrote on last edited by
                    #116

                    Had street food from a food truck last night. A Mediterranean style "platter" with lamb and felafel over rice with a bit of salad and a soda ran $10. Used to be $8 just before COVID, $7 around 2010.

                    A certain Chinatown "dinner box" with four condiments plus one starch and one soup is now $7.50. Used to be $4.50 around 2010.

                    JollyJ 1 Reply Last reply
                    • AxtremusA Axtremus

                      Had street food from a food truck last night. A Mediterranean style "platter" with lamb and felafel over rice with a bit of salad and a soda ran $10. Used to be $8 just before COVID, $7 around 2010.

                      A certain Chinatown "dinner box" with four condiments plus one starch and one soup is now $7.50. Used to be $4.50 around 2010.

                      JollyJ Offline
                      JollyJ Offline
                      Jolly
                      wrote on last edited by
                      #117

                      @Axtremus said in Bidenomics At Work:

                      Had street food from a food truck last night. A Mediterranean style "platter" with lamb and felafel over rice with a bit of salad and a soda ran $10. Used to be $8 just before COVID, $7 around 2010.

                      A certain Chinatown "dinner box" with four condiments plus one starch and one soup is now $7.50. Used to be $4.50 around 2010.

                      Probably could get the same meals for a lot less in 1965...

                      “Cry havoc and let slip the DOGE of war!”

                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                      1 Reply Last reply
                      • George KG Offline
                        George KG Offline
                        George K
                        wrote on last edited by
                        #118

                        From the RWEC: CBS.

                        The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

                        Such figures underscore the financial squeeze many families continue to face even as the the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low. The analysis, from Republican members of the U.S. Senate Joint Economic Committee, taps government data such as the Consumer Price Index and Consumer Expenditure Survey to examine the impact of inflation state by state.

                        Even so, many Americans say they aren't feeling those gains, and this fall more people reported struggling financially than they did prior to the pandemic, according to CBS News polling. Inflation is the main reason Americans express pessimism about economy despite its bright points, which also include stronger wage gains in recent years.

                        To be sure, economists point to a number of pandemic-related issues as the cause of high inflation, rather than decisions from any one political party. For instance, spending bills were signed by both Presidents Donald Trump and Joe Biden that put stimulus money into the hands of millions of Americans, while global supply-chain snarls and labor shortages drove up the cost of goods and services.

                        But even as inflation is now cooling rapidly, many consumers say they aren't feeling it, with a new Bankrate survey finding 60% of working Americans say their income has lagged inflation has over the past 12 months.

                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                        HoraceH LuFins DadL 2 Replies Last reply
                        • George KG George K

                          From the RWEC: CBS.

                          The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

                          Such figures underscore the financial squeeze many families continue to face even as the the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low. The analysis, from Republican members of the U.S. Senate Joint Economic Committee, taps government data such as the Consumer Price Index and Consumer Expenditure Survey to examine the impact of inflation state by state.

                          Even so, many Americans say they aren't feeling those gains, and this fall more people reported struggling financially than they did prior to the pandemic, according to CBS News polling. Inflation is the main reason Americans express pessimism about economy despite its bright points, which also include stronger wage gains in recent years.

                          To be sure, economists point to a number of pandemic-related issues as the cause of high inflation, rather than decisions from any one political party. For instance, spending bills were signed by both Presidents Donald Trump and Joe Biden that put stimulus money into the hands of millions of Americans, while global supply-chain snarls and labor shortages drove up the cost of goods and services.

                          But even as inflation is now cooling rapidly, many consumers say they aren't feeling it, with a new Bankrate survey finding 60% of working Americans say their income has lagged inflation has over the past 12 months.

                          HoraceH Offline
                          HoraceH Offline
                          Horace
                          wrote on last edited by
                          #119

                          To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

                          Welcome to Joe Biden's America.

                          Education is extremely important.

                          George KG 1 Reply Last reply
                          • HoraceH Horace

                            To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

                            Welcome to Joe Biden's America.

                            George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #120

                            @Horace said in Bidenomics At Work:

                            To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

                            Welcome to Joe Biden's America.

                            Interesting use of ellipses...

                            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                            HoraceH 1 Reply Last reply
                            • George KG George K

                              @Horace said in Bidenomics At Work:

                              To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

                              Welcome to Joe Biden's America.

                              Interesting use of ellipses...

                              HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote on last edited by
                              #121

                              @George-K said in Bidenomics At Work:

                              @Horace said in Bidenomics At Work:

                              To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

                              Welcome to Joe Biden's America.

                              Interesting use of ellipses...

                              I'm studying to be a journalist.

                              Education is extremely important.

                              1 Reply Last reply
                              • George KG George K

                                From the RWEC: CBS.

                                The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

                                Such figures underscore the financial squeeze many families continue to face even as the the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low. The analysis, from Republican members of the U.S. Senate Joint Economic Committee, taps government data such as the Consumer Price Index and Consumer Expenditure Survey to examine the impact of inflation state by state.

                                Even so, many Americans say they aren't feeling those gains, and this fall more people reported struggling financially than they did prior to the pandemic, according to CBS News polling. Inflation is the main reason Americans express pessimism about economy despite its bright points, which also include stronger wage gains in recent years.

                                To be sure, economists point to a number of pandemic-related issues as the cause of high inflation, rather than decisions from any one political party. For instance, spending bills were signed by both Presidents Donald Trump and Joe Biden that put stimulus money into the hands of millions of Americans, while global supply-chain snarls and labor shortages drove up the cost of goods and services.

                                But even as inflation is now cooling rapidly, many consumers say they aren't feeling it, with a new Bankrate survey finding 60% of working Americans say their income has lagged inflation has over the past 12 months.

                                LuFins DadL Offline
                                LuFins DadL Offline
                                LuFins Dad
                                wrote on last edited by
                                #122
                                This post is deleted!
                                1 Reply Last reply
                                • RainmanR Offline
                                  RainmanR Offline
                                  Rainman
                                  wrote on last edited by
                                  #123

                                  Isn't an ellipse when the sun goes away?
                                  Yes. Veeely interesting.

                                  HoraceH 1 Reply Last reply
                                  • RainmanR Rainman

                                    Isn't an ellipse when the sun goes away?
                                    Yes. Veeely interesting.

                                    HoraceH Offline
                                    HoraceH Offline
                                    Horace
                                    wrote on last edited by
                                    #124

                                    @Rainman said in Bidenomics At Work:

                                    the sun goes away

                                    welcome to Joe Biden's America.

                                    Education is extremely important.

                                    1 Reply Last reply
                                    • LuFins DadL Offline
                                      LuFins DadL Offline
                                      LuFins Dad
                                      wrote on last edited by
                                      #125

                                      Trump shares his fair share of the blame, but the article ignores that the bills were written and passed by Democrat controlled Congresses.

                                      1 Reply Last reply
                                      • AxtremusA Away
                                        AxtremusA Away
                                        Axtremus
                                        wrote on last edited by
                                        #126

                                        https://www.bls.gov/news.release/empsit.nr0.htm
                                        https://wapo.st/4aNHOCg
                                        https://www.washingtonpost.com/business/2024/01/05/december-jobs-unemployment/

                                        Economy added 216,000 jobs in December, capping off a year’s worth of solid gains

                                        The unemployment rate held at 3.7 percent.
                                        .
                                        As of December, the labor market added 2.7 million jobs in 2023, with an average monthly gain of 225,000 jobs. The unemployment rate has now remained below 4 percent for more than two years, a stretch last accomplished in the 1960s. Average hourly wage growth accelerated slightly in December, rising by 4.1 percent over the previous 12 months to $34.27 an hour and continuing to beat inflation, boosting workers’ spending power.

                                        Bidenomics is working well.

                                        1 Reply Last reply
                                        • JollyJ Offline
                                          JollyJ Offline
                                          Jolly
                                          wrote on last edited by
                                          #127
                                          1. We always add seasonal jobs this time of year.
                                          2. Take government jobs out of the figures and get back to me.

                                          “Cry havoc and let slip the DOGE of war!”

                                          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                          AxtremusA 1 Reply Last reply
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