Bidenomics
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@LuFins-Dad said in Bidenomics:
The “poor” are generally in housing with hvac, have access to transportation, often own a vehicle, have 1-2 televisions, a computer, and aren’t in danger of starvation
This. The poor in US are richer than probably 75% of the rest of the world.
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Take away their government subsidies such as housing, food and welfare money, and see where they are at.
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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@Jolly said in Bidenomics:
Take away their government subsidies such as housing, food and welfare money, and see where they are at.
Actually, only about 10% of the country are on government assistance programs, meaning half of the poor receive nothing. As a percentage of GDP, government handouts are at a pretty low point…
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Which means over 30M people would not have housing, enough food or basic necessities?
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Probably right around the same number as under Trump’s first term, and a fairly low percentage.
Sorry, Jolly, you and your pal Bernie should leave the guillotine in the garage for the time being.
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You can take a four-paintbrush sopping with whitewash, but the essential truth is that many of the poor in the U.S. have what they do because of government programs that do not exist in many other countries.
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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I fail to see how any of that is going to lead to a populist revolt or the idea that the rich are getting richer at the expense of the poor.
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@LuFins-Dad Excluding social security and Medicare.
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@Axtremus said in Bidenomics:
@Jolly said in Bidenomics:
... the essential truth is that many of the poor in the U.S. have what they do because of government programs that do not exist in many other countries.
Can the same be said of the rich?
Tax code.
The Golden Rule.
Them that has the gold, rules.
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One of the wonderful things about the Internet is that one can find anyone saying anything with increasing ease.
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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@Jolly Semi serious/semi joking question.
At what point in time do we start measuring how President Trump is doing with the economy?
Do we start from election day? Inaugeration day? some other time frame?
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@taiwan_girl said in Bidenomics:
@Jolly Semi serious/semi joking question.
At what point in time do we start measuring how President Trump is doing with the economy?
Do we start from election day? Inaugeration day? some other time frame?
If we use the Jon Scale, it will be from inauguration until the next President assumes office.
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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@Jolly said in Bidenomics:
it will be from inauguration
I know its early, but.................... LOL
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I listened to a presentation last week by a Goldman Sachs analyst about Trump, Trade and Tariffs. One point made that really stood out was that Trump has repeatedly shown in past that he is very sensitive to how the market reacts to any of his policies. When the markets react like bears he tends to adjust his policies and statements to turn the markets into bulls.
Jon, your take on that?
‘a-blowe yow and be-kele yow wel, and comyth up all with your ease’ ~ attributed to Henry V
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@Renauda said in Bidenomics:
I listened to a presentation last week by a Goldman Sachs analyst about Trump, Trade and Tariffs. One point made that really stood out was that Trump has repeatedly shown in past that he is very sensitive to how the market reacts to any of his policies. When the markets react like bears he tends to adjust his policies and statements to turn the markets into bulls.
Jon, your take on that?
I would agree with that. He plays to the crowd, thinks of the stock market as his score card (though he’s likely to get to know the bond markets this term), and isnt embarrassed to do a volte face.
