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The New Coffee Room

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  3. Bidenomics

Bidenomics

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  • G George K
    18 May 2024, 12:57

    @Axtremus said in Bidenomics:

    https://amp.cnn.com/cnn/2024/05/17/markets/dow-closes-above-40-000

    The Dow Jones Industrial Average index closed above 40,000.

    Joe still has 8 months to catch the red man's gains.

    Screenshot 2024-05-18 at 7.56.27 AM.png

    T Offline
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    taiwan_girl
    wrote on 19 May 2024, 01:13 last edited by
    #111

    @George-K said in Bidenomics:

    Joe still has 8 months to catch the red man's gains.

    But at the same moment in their President, President Biden has higher returns than President Trump. 😛

    But it will be difficult to have increases like the last months of President Trump term.

    G 1 Reply Last reply 19 May 2024, 01:16
    • T taiwan_girl
      19 May 2024, 01:13

      @George-K said in Bidenomics:

      Joe still has 8 months to catch the red man's gains.

      But at the same moment in their President, President Biden has higher returns than President Trump. 😛

      But it will be difficult to have increases like the last months of President Trump term.

      G Offline
      G Offline
      George K
      wrote on 19 May 2024, 01:16 last edited by
      #112

      @taiwan_girl said in Bidenomics:

      the last months of President Trump term

      Which were mostly a recovery from the COVID dip.

      "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.

      T A 2 Replies Last reply 19 May 2024, 01:30
      • G George K
        19 May 2024, 01:16

        @taiwan_girl said in Bidenomics:

        the last months of President Trump term

        Which were mostly a recovery from the COVID dip.

        T Offline
        T Offline
        taiwan_girl
        wrote on 19 May 2024, 01:30 last edited by
        #113

        @George-K said in Bidenomics:

        @taiwan_girl said in Bidenomics:

        the last months of President Trump term

        Which were mostly a recovery from the COVID dip.

        Agree. But both of them are behind Obama, (who maybe is behind Clinton, etc.). To me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

        G 1 Reply Last reply 19 May 2024, 13:16
        • G George K
          19 May 2024, 01:16

          @taiwan_girl said in Bidenomics:

          the last months of President Trump term

          Which were mostly a recovery from the COVID dip.

          A Offline
          A Offline
          Axtremus
          wrote on 19 May 2024, 01:47 last edited by
          #114

          @George-K said in Bidenomics:

          @taiwan_girl said in Bidenomics:

          the last months of President Trump term

          Which were mostly a recovery from the COVID dip.

          Or optimism buoyed by the expectation of the coming Biden Presidency! 😉

          1 Reply Last reply
          • T taiwan_girl
            19 May 2024, 01:30

            @George-K said in Bidenomics:

            @taiwan_girl said in Bidenomics:

            the last months of President Trump term

            Which were mostly a recovery from the COVID dip.

            Agree. But both of them are behind Obama, (who maybe is behind Clinton, etc.). To me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

            G Offline
            G Offline
            George K
            wrote on 19 May 2024, 13:16 last edited by
            #115

            @taiwan_girl said in Bidenomics:

            to me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

            GN52MmOaQAA1F6f.jpeg

            "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.

            T 1 Reply Last reply 20 May 2024, 00:28
            • G Offline
              G Offline
              George K
              wrote on 19 May 2024, 14:10 last edited by
              #116

              "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.

              L 1 Reply Last reply 19 May 2024, 14:32
              • G George K
                19 May 2024, 14:10

                L Offline
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                LuFins Dad
                wrote on 19 May 2024, 14:32 last edited by
                #117

                @George-K said in Bidenomics:

                Meh, prices did go down overall by a small amount, but not even close to a “plummet”. And almost all of the drop was precipitated by eggs, where production is finally getting back on track.

                The Brad

                1 Reply Last reply
                • G Offline
                  G Offline
                  George K
                  wrote on 19 May 2024, 14:49 last edited by
                  #118

                  "According to the report, they went down 0.02% for the first time in a year. So groceries that used to cost $155 cost $250 in March but “plummeted” to $245 in April! Huge savings! Huge! $5!!!!"

                  "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
                  • M Away
                    M Away
                    Mik
                    wrote on 19 May 2024, 15:39 last edited by
                    #119

                    What bullshit.

                    "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

                    J 1 Reply Last reply 19 May 2024, 16:44
                    • M Mik
                      19 May 2024, 15:39

                      What bullshit.

                      J Offline
                      J Offline
                      Jolly
                      wrote on 19 May 2024, 16:44 last edited by
                      #120

                      @Mik said in Bidenomics:

                      What bullshit.

                      I know they have to try, because some people are just that stupid, but just about anybody in the middle class has felt the pinch of significant inflation during Biden's term.

                      “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
                      • G George K
                        19 May 2024, 13:16

                        @taiwan_girl said in Bidenomics:

                        to me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

                        GN52MmOaQAA1F6f.jpeg

                        T Offline
                        T Offline
                        taiwan_girl
                        wrote on 20 May 2024, 00:28 last edited by taiwan_girl
                        #121

                        @George-K said in Bidenomics:

                        @taiwan_girl said in Bidenomics:

                        to me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

                        GN52MmOaQAA1F6f.jpeg

                        Why does he have red laser eyes? 😳

                        @Larry and I went back and forth on this. I would ask him to give me his any five indicators of the economy (GDP grow, inflation, stock market, unemployment, etc etc etc) and I would pretty much show him that there was very little to no relationship between those and which party was the president. And I would get the typical Larry response: "If you are too dumb to understand that, then I'm not going to tell you." LOL

                        G 1 Reply Last reply 20 May 2024, 00:51
                        • T taiwan_girl
                          20 May 2024, 00:28

                          @George-K said in Bidenomics:

                          @taiwan_girl said in Bidenomics:

                          to me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

                          GN52MmOaQAA1F6f.jpeg

                          Why does he have red laser eyes? 😳

                          @Larry and I went back and forth on this. I would ask him to give me his any five indicators of the economy (GDP grow, inflation, stock market, unemployment, etc etc etc) and I would pretty much show him that there was very little to no relationship between those and which party was the president. And I would get the typical Larry response: "If you are too dumb to understand that, then I'm not going to tell you." LOL

                          G Offline
                          G Offline
                          George K
                          wrote on 20 May 2024, 00:51 last edited by
                          #122

                          @taiwan_girl said in Bidenomics:

                          I would ask him to give me his any five indicators of the economy (GDP grow, inflation, stock market, unemployment, etc etc etc) and I would pretty much show him that there was very little to no relationship

                          You may well be right. But James Carville will disagree, at least when it comes to politics.

                          Of course, politics might bear no relation to reality.

                          But in politics, perception is reality.

                          "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.

                          T 1 Reply Last reply 20 May 2024, 14:53
                          • G George K
                            20 May 2024, 00:51

                            @taiwan_girl said in Bidenomics:

                            I would ask him to give me his any five indicators of the economy (GDP grow, inflation, stock market, unemployment, etc etc etc) and I would pretty much show him that there was very little to no relationship

                            You may well be right. But James Carville will disagree, at least when it comes to politics.

                            Of course, politics might bear no relation to reality.

                            But in politics, perception is reality.

                            T Offline
                            T Offline
                            taiwan_girl
                            wrote on 20 May 2024, 14:53 last edited by
                            #123

                            @George-K Agree. For probably the majority of people (and I dont really know majority % is) vote on emotional thinking rather than rational thinking.

                            J 1 Reply Last reply 20 May 2024, 15:11
                            • D Online
                              D Online
                              Doctor Phibes
                              wrote on 20 May 2024, 15:05 last edited by Doctor Phibes
                              #124

                              Somewhat related: I'm currently trying to hire - we're offering 6-figures for a basic engineering position. So far we've had all of two applicants, both referrals, and both only want to work remotely, which isn't going to happen.

                              I was only joking

                              A 1 Reply Last reply 20 May 2024, 15:07
                              • D Doctor Phibes
                                20 May 2024, 15:05

                                Somewhat related: I'm currently trying to hire - we're offering 6-figures for a basic engineering position. So far we've had all of two applicants, both referrals, and both only want to work remotely, which isn't going to happen.

                                A Offline
                                A Offline
                                Axtremus
                                wrote on 20 May 2024, 15:07 last edited by
                                #125

                                @Doctor-Phibes said in Bidenomics:

                                Somewhat related: I'm currently trying to hire - we're offering 6-figures for a basic engineering position. So far we've had all of two applicants, both referrals, and both only want to work remotely, which isn't going to happen.

                                Have you tried offering 7-figures?

                                D 1 Reply Last reply 20 May 2024, 15:09
                                • A Axtremus
                                  20 May 2024, 15:07

                                  @Doctor-Phibes said in Bidenomics:

                                  Somewhat related: I'm currently trying to hire - we're offering 6-figures for a basic engineering position. So far we've had all of two applicants, both referrals, and both only want to work remotely, which isn't going to happen.

                                  Have you tried offering 7-figures?

                                  D Online
                                  D Online
                                  Doctor Phibes
                                  wrote on 20 May 2024, 15:09 last edited by
                                  #126

                                  @Axtremus said in Bidenomics:

                                  Have you tried offering 7-figures?

                                  I'd take the job if they offered that much.

                                  I was only joking

                                  1 Reply Last reply
                                  • T taiwan_girl
                                    20 May 2024, 14:53

                                    @George-K Agree. For probably the majority of people (and I dont really know majority % is) vote on emotional thinking rather than rational thinking.

                                    J Offline
                                    J Offline
                                    Jolly
                                    wrote on 20 May 2024, 15:11 last edited by
                                    #127

                                    @taiwan_girl said in Bidenomics:

                                    @George-K Agree. For probably the majority of people (and I dont really know majority % is) vote on emotional thinking rather than rational thinking.

                                    Most of my income currently is fixed. If you don't think people in my situation have not noticed how their income has shrunk under Biden, you are delusional.

                                    “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

                                    T 1 Reply Last reply 20 May 2024, 15:22
                                    • J Jolly
                                      20 May 2024, 15:11

                                      @taiwan_girl said in Bidenomics:

                                      @George-K Agree. For probably the majority of people (and I dont really know majority % is) vote on emotional thinking rather than rational thinking.

                                      Most of my income currently is fixed. If you don't think people in my situation have not noticed how their income has shrunk under Biden, you are delusional.

                                      T Offline
                                      T Offline
                                      taiwan_girl
                                      wrote on 20 May 2024, 15:22 last edited by
                                      #128

                                      @Jolly said in Bidenomics:

                                      @taiwan_girl said in Bidenomics:

                                      @George-K Agree. For probably the majority of people (and I dont really know majority % is) vote on emotional thinking rather than rational thinking.

                                      Most of my income currently is fixed. If you don't think people in my situation have not noticed how their income has shrunk under Biden, you are delusional.

                                      I am not disagreeing. I am just saying that most people vote on emotion. I could post something about how the economy under Obama was better than under Trump, and there would be ALOT of people claiming otherwise. Or vice versa.

                                      There was a chart I posted a while back (from the Customs/Border people) that showed that the number of illegal aliens coming into the US was basically flat from Obama through Trump. But many people will say that it was much lower under PResident Trump.

                                      As @George-K says: politics is perception, and perception is not always reality.

                                      1 Reply Last reply
                                      • G Offline
                                        G Offline
                                        George K
                                        wrote on 20 May 2024, 15:23 last edited by
                                        #129

                                        https://www.wsj.com/economy/stock-market-performance-biden-trump-charts-1a83371b

                                        Screenshot 2024-05-20 at 10.21.44 AM.png

                                        Screenshot 2024-05-20 at 10.21.36 AM.png

                                        However, I've been assured that people don't live off of Wall Street.

                                        Screenshot 2024-05-20 at 10.22.35 AM.png

                                        "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.

                                        L 1 Reply Last reply 20 May 2024, 16:25
                                        • G George K
                                          20 May 2024, 15:23

                                          https://www.wsj.com/economy/stock-market-performance-biden-trump-charts-1a83371b

                                          Screenshot 2024-05-20 at 10.21.44 AM.png

                                          Screenshot 2024-05-20 at 10.21.36 AM.png

                                          However, I've been assured that people don't live off of Wall Street.

                                          Screenshot 2024-05-20 at 10.22.35 AM.png

                                          L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 20 May 2024, 16:25 last edited by
                                          #130

                                          @George-K said in Bidenomics:

                                          https://www.wsj.com/economy/stock-market-performance-biden-trump-charts-1a83371b

                                          Screenshot 2024-05-20 at 10.21.44 AM.png

                                          Screenshot 2024-05-20 at 10.21.36 AM.png

                                          However, I've been assured that people don't live off of Wall Street.

                                          Screenshot 2024-05-20 at 10.22.35 AM.png

                                          That adjusted for inflation chart is quite interesting.

                                          The Brad

                                          G 1 Reply Last reply 20 May 2024, 16:31
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