Bidenomics
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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.
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@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.
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@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…
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@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…
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Biden is a net tax cutter:
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.
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"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.
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@George-K said in Bidenomics:
The cost of making popcorn:
I’d suggest that he hire somebody to handle both his sourcing of ingredients and his accounting.
Prices are up, but they aren’t up as high as he’s saying.
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These guys don't shop at Piggly Wiggly.
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@Jolly said in Bidenomics:
These guys don't shop at Piggly Wiggly.
Right. But he’s manipulating the numbers. He’s showing his wholesale cost in 21, and retail in 24. That’s not just fudging the numbers, that’s outright fraud. Letitia James would like to have a conversation with him…
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The bitch of it is, it’s an unforced error and unneeded lie to make his point. It’s a 27% increase in butter. For the sake of this argument, let’s say that’s a universal increase on all materials. That doesn’t translate into only a 27% increase in his product price. With inflation, he’s also having to raise his wages, and to match that inflation, he has needed to raise his wages by the 20% per hour. Now I have no idea his volume and the labor costs involved per unit for his product, but you could easily see that being another 5%-7%. In addition, and this gets missed by most, if the company’s output volume stays the same and the costs have all increased dramatically, then the company must increase their profit margin to simply maintain.
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Krugman:
Bidenomics Is Making China Angry. That’s OK.
https://www.nytimes.com/2024/03/28/opinion/biden-trump-china.html
Trump made a big show of taking on China, but he was ineffective when in office and appears to have folded on TikTok when donor money was at stake. Biden talks more softly but is wielding a really big stick. Or to put it another way, Trump isn’t actually a tough guy on China; he just plays one on TV. Biden is the real deal.
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Why people don't feel good about the economy, from the WSJ:
Link to video -
I watched most of it but didn't hear any mention about the job market.
