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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Bidenomics

Bidenomics

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  • George KG George K

    taiwan_girlT Offline
    taiwan_girlT Offline
    taiwan_girl
    wrote on last edited by
    #49

    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

    1 Reply Last reply
    • George KG Offline
      George KG Offline
      George K
      wrote on last edited by
      #50

      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.

      "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
      • JollyJ Offline
        JollyJ Offline
        Jolly
        wrote on last edited by
        #51

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

        Same message.

        “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
          #52

          Lemme see if I'm getting this right.

          Biden is complaining about inflation?

          "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
          • LuFins DadL Offline
            LuFins DadL Offline
            LuFins Dad
            wrote on last edited by
            #53

            Those greedy and evil Jews merchants!

            The Brad

            1 Reply Last reply
            • MikM Offline
              MikM Offline
              Mik
              wrote on last edited by
              #54

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

              “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

              1 Reply Last reply
              • JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #55

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

                “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
                • MikM Offline
                  MikM Offline
                  Mik
                  wrote on last edited by Mik
                  #56

                  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.

                  “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                  1 Reply Last reply
                  • George KG Offline
                    George KG Offline
                    George K
                    wrote on last edited by George K
                    #57

                    "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.

                    taiwan_girlT 1 Reply Last reply
                    • JollyJ Offline
                      JollyJ Offline
                      Jolly
                      wrote on last edited by
                      #58

                      Bidenomics, FTW!

                      “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 George K

                        taiwan_girlT Offline
                        taiwan_girlT Offline
                        taiwan_girl
                        wrote on last edited by
                        #59

                        @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/

                        1 Reply Last reply
                        • George KG Offline
                          George KG Offline
                          George K
                          wrote on last edited by
                          #60

                          GGTrWHpWgAE0ziI.png

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

                          "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.

                          Doctor PhibesD LuFins DadL 2 Replies Last reply
                          • George KG George K

                            GGTrWHpWgAE0ziI.png

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

                            Doctor PhibesD Offline
                            Doctor PhibesD Offline
                            Doctor Phibes
                            wrote on last edited by Doctor Phibes
                            #61

                            @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.

                            I was only joking

                            1 Reply Last reply
                            • George KG George K

                              GGTrWHpWgAE0ziI.png

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

                              LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #62

                              @George-K said in Bidenomics:

                              GGTrWHpWgAE0ziI.png

                              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…

                              The Brad

                              1 Reply Last reply
                              • George KG Offline
                                George KG Offline
                                George K
                                wrote on last edited by
                                #63

                                Age and gender might have something to do with it.

                                "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.

                                LuFins DadL 1 Reply Last reply
                                • George KG George K

                                  Age and gender might have something to do with it.

                                  LuFins DadL Offline
                                  LuFins DadL Offline
                                  LuFins Dad
                                  wrote on last edited by
                                  #64

                                  @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…

                                  The Brad

                                  1 Reply Last reply
                                  • CopperC Offline
                                    CopperC Offline
                                    Copper
                                    wrote on last edited by
                                    #65

                                    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.

                                    1 Reply Last reply
                                    • George KG Offline
                                      George KG Offline
                                      George K
                                      wrote on last edited by
                                      #66

                                      download-7.jpg

                                      "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
                                      • LuFins DadL Offline
                                        LuFins DadL Offline
                                        LuFins Dad
                                        wrote on last edited by
                                        #67

                                        The Brad

                                        1 Reply Last reply
                                        • AxtremusA Offline
                                          AxtremusA Offline
                                          Axtremus
                                          wrote on last edited by
                                          #68

                                          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.

                                          1 Reply Last reply
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