Bidenomics

[taiwan_girl]

But Goerge, companies lay off people all the time, even when the economy is going up.

https://www.fool.com/investing/2020/01/07/these-25-companies-laid-off-workers-in-2019.aspx

Ford
Disney
Lowes
Tesla (7% of workers)
HBSC (12%)
HP (15%)
etc etc

[George K]

The Harpy from Mass opines.

See, inflation isn't bad, it's just that the products are getting smaller because of the greedy corporations.

Nice "scare-zooms" in the video BTW.

[Jolly]

She's just following Biden's speech from this week.

Same message.

[George K]

Lemme see if I'm getting this right.

Biden is complaining about inflation?

[LuFins Dad]

Those greedy and evil Jews merchants!

[Mik]

There’s no “fooling” going on. It’s an attempt to keep prices down.

[Jolly]

I don't think a lot of folks are buying the sudden worry about chip bags and ice cream cartons.

[Mik]

I wouldn’t buy her saying water is wet. She’s the prime example of my theory of two kinds of people. One tells you it’s raining and you just think “oh, it’s raining”. Then there’s the other type who tells you the same thing and you ask yourself why they would want it to be raining.

[George K]

[Jolly]

Bidenomics, FTW!

[taiwan_girl]

@George-K How is this calculated?

3M annualized CPI 4%, up from 3.3%
6M annualized CPI 3.7%, up from 3.2%

For example
Jul 23 - 3.2
Aug 23 - 3.7
Sep 23 - 3.7
OCt 23 - 3.2
Nov 23 - 3.1
Dec 23 - 3.4
Jan 24 - 3.1

https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/

[George K]

My insurance went up about 25% from 2022 to 2023.

[Doctor Phibes]

@George-K said in Bidenomics:

My insurance went up about 25% from 2022 to 2023.

On the positive side, some people who work for insurance companies are doing well!

Or so I've heard. Allegedly.

[LuFins Dad]

@George-K said in Bidenomics:

My insurance went up about 25% from 2022 to 2023.

Did it go down in 2020 when nobody was driving?

Automobile insurance is one of the weirdest industries. Lucas drives ~3K miles per year in a 2010 Mazda in excellent shape and under 70K miles to this point.

I drive over 25K miles per year and Karla drives over 35K miles per year. Luke’s insurance is more expensive than mine, and only slightly less than Karla’s though her car is valued 5x his…

[George K]

Age and gender might have something to do with it.

[LuFins Dad]

@George-K said in Bidenomics:

Age and gender might have something to do with it.

Absolutely, but isn’t it weird that Karla and I have never even been asked about mileage? We each drive 2-3 times the distance most adults do, you would think that would impact our insurance rates…

[Copper]

I moved from Boston to Dallas in 1977.

My car insurance, for the same coverage, went down by about 75%.

The insurance guy said car theft, old neighborhood vs new, was the reason for most of the difference.

[George K]

[LuFins Dad]

[Axtremus]

Biden is a net tax cutter:

https://www.nytimes.com/2024/03/25/us/politics/biden-taxes-cuts.html?unlocked_article_code=1.fU0.c7hh.FFPYcLlWzOLM

President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.

The math is straightforward. ... the tax cuts Mr. Biden has signed for individuals and corporations are larger than the tax increases he has imposed on big corporations and their shareholders.