Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • Users
  • Groups
Skins
  • Light
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse

The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Bidenomics

Bidenomics

Scheduled Pinned Locked Moved General Discussion
227 Posts 14 Posters 6.0k Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • J Offline
    J Offline
    Jolly
    wrote on 7 Dec 2023, 00:37 last edited by
    #16

    https://thehill.com/homenews/administration/4345439-bidens-job-approval-erodes-further-amid-economic-concerns-poll/

    “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 Offline
      G Offline
      George K
      wrote on 19 Jan 2024, 23:40 last edited by
      #17

      LOL

      "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 Offline
        M Offline
        Mik
        wrote on 19 Jan 2024, 23:44 last edited by
        #18

        We’ll be seeing that in November.

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

        L 1 Reply Last reply 20 Jan 2024, 01:48
        • M Mik
          19 Jan 2024, 23:44

          We’ll be seeing that in November.

          L Offline
          L Offline
          LuFins Dad
          wrote on 20 Jan 2024, 01:48 last edited by
          #19

          @Mik said in Bidenomics:

          We’ll be seeing that in November.

          Read the replies. It won’t matter.

          The Brad

          1 Reply Last reply
          • A Away
            A Away
            Axtremus
            wrote on 20 Jan 2024, 05:57 last edited by
            #20

            https://www.theguardian.com/business/2024/jan/19/us-economy-consumer-sentiment-rises

            The S&P 500 recoded a new all-time high. The Guardian article attributes that to easing inflation expectations. Some also speculate that the Federal Reserve may start cutting interest rates.

            1 Reply Last reply
            • G Offline
              G Offline
              George K
              wrote on 20 Jan 2024, 14:00 last edited by
              #21

              San Francisco mall loses fifth store in a month as occupancy plunges to just 25%.

              Home sales in 2023 were worst since 1995 as high mortgage rates slammed market.

              Career coaches expecting 2024 layoff wave: Here’s what you should do.

              Ford cutting F-150 Lightning truck production on weak demand.

              Macy’s slashing over 2K jobs, closing five stores amid pressure to go private.

              "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
              • A Away
                A Away
                Axtremus
                wrote on 20 Jan 2024, 14:15 last edited by
                #22

                The TIME on Bidenomics, contrasting it with Reaganomics

                https://time.com/6343967/bidenomics-is-real-economics/

                …
                Like Reaganomics before it, Bidenomics is largely an argument over economic cause and effect. Bidenomics argues that a large and thriving middle class is the primary cause of economic growth. “When the middle class does well, everybody does well,” the President has repeatedly explained. This is the core proposition of Bidenomics: that prosperity grows from the bottom up and the middle out.
                .
                Reaganomics, by contrast, argues that wealthy “job creators” are the primary cause of economic growth. “If we want job growth, we need to recognize who really creates jobs in America,” former House Speaker John Boehner memorably explained in a speech that lauded President Ronald Reagan for recognizing “that private sector job creators are the heart of our economy.” This is the core proposition of Reaganomics: that prosperity trickle’s down from the top.
                .
                This argument between Bidenomics and Reaganomics—between “middle-out” and “trickle-down”—reflects a fundamental disagreement over how market economies work with enormous implications for how we craft economic policy. Reaganomics argues that it is the availability of investment capital (that is, the money of the wealthy) that is the primary constraint on growth, and so it advances policies that focus on the needs of investors while trusting in the “invisible hand” of the market to fairly and efficiently distribute the benefits of any resulting growth. But Bidenomics understands that the only way to grow the economy is to fully include more people in it—as entrepreneurs, as innovators, as well-paid workers, and as robust consumers—and so it advances policies that intentionally focus on the needs of people, not money, while trusting in the dynamism of markets to innovate new solutions in response.
                …

                1 Reply Last reply
                • M Offline
                  M Offline
                  Mik
                  wrote on 20 Jan 2024, 14:56 last edited by
                  #23

                  The truth is it grows from both ends. The bottom can become job creators as they start small businesses, mostly labor driven rather than capital.

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

                  1 Reply Last reply
                  • L Offline
                    L Offline
                    LuFins Dad
                    wrote on 20 Jan 2024, 16:17 last edited by
                    #24

                    The argument about growing the middle class is bs rhetoric based on everybody’s tendency to believe themselves middle class. The slow decline of the middle class is not because people are growing poorer, it’s the opposite. People are growing wealthier. The percentage of the population that falls in the definition of upper class or wealthy is the largest it’s ever been and is growing.

                    Beyond that, the definitions are skewed anyway. The lifestyle of the middle class approaches the lifestyle of the upper class. The lifestyle of the lower class approaches that of the perceived middle class.

                    The Brad

                    A 1 Reply Last reply 2 Feb 2024, 13:35
                    • L LuFins Dad
                      20 Jan 2024, 16:17

                      The argument about growing the middle class is bs rhetoric based on everybody’s tendency to believe themselves middle class. The slow decline of the middle class is not because people are growing poorer, it’s the opposite. People are growing wealthier. The percentage of the population that falls in the definition of upper class or wealthy is the largest it’s ever been and is growing.

                      Beyond that, the definitions are skewed anyway. The lifestyle of the middle class approaches the lifestyle of the upper class. The lifestyle of the lower class approaches that of the perceived middle class.

                      A Away
                      A Away
                      Axtremus
                      wrote on 2 Feb 2024, 13:35 last edited by
                      #25

                      @LuFins-Dad said in Bidenomics:

                      The argument about growing the middle class is bs rhetoric based on everybody’s tendency to believe themselves middle class. The slow decline of the middle class is not because people are growing poorer, it’s the opposite. People are growing wealthier. The percentage of the population that falls in the definition of upper class or wealthy is the largest it’s ever been and is growing.

                      So ... have you grown wealthier? Have you advanced beyond the "middle class" into the "upper class"?

                      1 Reply Last reply
                      • L Offline
                        L Offline
                        LuFins Dad
                        wrote on 2 Feb 2024, 13:42 last edited by
                        #26

                        Have you stopped eating boogers? From that experience can I extrapolate the prevalence of booger eating on a national level?

                        The Brad

                        1 Reply Last reply
                        • A Away
                          A Away
                          Axtremus
                          wrote on 2 Feb 2024, 13:45 last edited by
                          #27

                          Krugman:
                          Our Economy Isn’t ‘Goldilocks.’ It’s Better.

                          https://www.nytimes.com/2024/02/01/opinion/biden-trump-economy-goldilocks.html?unlocked_article_code=1.SU0.5C-g.myFEq_vdCURa&smid=nytcore-ios-share

                          ... [Fed Chair Jerome] Powell is clearly wrestling with a dilemma many countries wish they had: What’s the right monetary policy when the news is good on just about all fronts?
                          .
                          ... We have an economy that is both piping hot (in terms of growth and job creation) and refreshingly cool (in terms of inflation).
                          ...
                          First, inflation. For both historical and technical reasons, the Fed aims for 2 percent inflation; over the past six months, its preferred price measure has risen at an annual rate of … 2 percent. “Core” inflation, which excludes volatile food and energy prices, has been running slightly below target.
                          .
                          The Fed also looks at wage growth, not because workers have caused inflation, but because wages are usually the stickiest part of inflation and therefore an indicator of whether disinflation is sustainable. Well, on Wednesday, the Employment Cost Index came in below expectations and is now more or less consistent with the Fed’s target. On Thursday we learned that productivity has been rising rapidly, so unit labor costs are easily consistent with low inflation.
                          ...
                          Finally, real G.D.P. grew a very solid 3.3 percent in the fourth quarter, making all those predictions of a 2023 recession look even sillier.
                          ...
                          As typically happens when there’s a Democrat in the White House, the usual suspects are questioning the official data. But the strength of the job market and the fall in inflation are confirmed by many independent surveys of consumers and businesses.
                          .
                          So it has been good news all around. This is arguably the best economy we’ve had since the late 1990s.
                          ...

                          Conclusion:

                          This is a good economy.

                          1 Reply Last reply
                          • J Offline
                            J Offline
                            Jolly
                            wrote on 2 Feb 2024, 13:49 last edited by
                            #28

                            Krugman?

                            😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄

                            “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 Offline
                              G Offline
                              George K
                              wrote on 2 Feb 2024, 13:53 last edited by
                              #29

                              Jobs report coming this AM. People are not optimistic.

                              "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 J 2 Replies Last reply 2 Feb 2024, 13:55
                              • G George K
                                2 Feb 2024, 13:53

                                Jobs report coming this AM. People are not optimistic.

                                L Offline
                                L Offline
                                LuFins Dad
                                wrote on 2 Feb 2024, 13:55 last edited by
                                #30

                                @George-K said in Bidenomics:

                                Jobs report coming this AM. People are not optimistic.

                                I can’t wait till June to see what the numbers are!

                                The Brad

                                1 Reply Last reply
                                • L Offline
                                  L Offline
                                  LuFins Dad
                                  wrote on 2 Feb 2024, 13:58 last edited by
                                  #31

                                  By the way, does anyone else find it interesting and informative that rhetoric and proposals for taxing the wealthy more and helping the middle class more moved the financial goalposts from $250K income per family to $400K in just 4 years?

                                  The Brad

                                  1 Reply Last reply
                                  • G Offline
                                    G Offline
                                    George K
                                    wrote on 2 Feb 2024, 14:26 last edited by
                                    #32

                                    https://www.bls.gov/news.release/pdf/empsit.pdf

                                    "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
                                    • G George K
                                      2 Feb 2024, 13:53

                                      Jobs report coming this AM. People are not optimistic.

                                      J Offline
                                      J Offline
                                      Jolly
                                      wrote on 2 Feb 2024, 14:30 last edited by
                                      #33

                                      @George-K said in Bidenomics:

                                      Jobs report coming this AM. People are not optimistic.

                                      Lots of layoffs in the tech sector, my son among them.

                                      “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

                                      A 1 Reply Last reply 2 Feb 2024, 15:04
                                      • J Jolly
                                        2 Feb 2024, 14:30

                                        @George-K said in Bidenomics:

                                        Jobs report coming this AM. People are not optimistic.

                                        Lots of layoffs in the tech sector, my son among them.

                                        A Away
                                        A Away
                                        Axtremus
                                        wrote on 2 Feb 2024, 15:04 last edited by
                                        #34

                                        @Jolly said in Bidenomics:

                                        Lots of layoffs in the tech sector, my son among them.

                                        Sorry your son was laid off.
                                        Given the economy, chances are good that he will find something better soon.

                                        From the latest employment report @George-K just linked to:

                                        Total nonfarm payroll employment rose by 353,000 in January, and the unemployment rate remained at 3.7 percent,

                                        L 1 Reply Last reply 2 Feb 2024, 15:44
                                        • A Axtremus
                                          2 Feb 2024, 15:04

                                          @Jolly said in Bidenomics:

                                          Lots of layoffs in the tech sector, my son among them.

                                          Sorry your son was laid off.
                                          Given the economy, chances are good that he will find something better soon.

                                          From the latest employment report @George-K just linked to:

                                          Total nonfarm payroll employment rose by 353,000 in January, and the unemployment rate remained at 3.7 percent,

                                          L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 2 Feb 2024, 15:44 last edited by
                                          #35

                                          @Axtremus said in Bidenomics:

                                          @Jolly said in Bidenomics:

                                          Lots of layoffs in the tech sector, my son among them.

                                          Sorry your son was laid off.
                                          Given the economy, chances are good that he will find something better soon.

                                          From the latest employment report @George-K just linked to:

                                          Total nonfarm payroll employment rose by 353,000 in January, and the unemployment rate remained at 3.7 percent,

                                          alt text

                                          The Brad

                                          1 Reply Last reply
                                          Reply
                                          • Reply as topic
                                          Log in to reply
                                          • Oldest to Newest
                                          • Newest to Oldest
                                          • Most Votes


                                          • Login

                                          • Don't have an account? Register

                                          • Login or register to search.
                                          • First post
                                            Last post
                                          0
                                          • Categories
                                          • Recent
                                          • Tags
                                          • Popular
                                          • Users
                                          • Groups