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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Bidenomics At Work

Bidenomics At Work

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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #11

    Well, that's a used Corolla and a studio apartment on the East Coast...

    “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

    jon-nycJ Aqua LetiferA 2 Replies Last reply
    • JollyJ Jolly

      Well, that's a used Corolla and a studio apartment on the East Coast...

      jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by
      #12

      @Jolly said in Bidenomics At Work:

      Well, that's a used Corolla ...

      What more could a person ask for?

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • MikM Offline
        MikM Offline
        Mik
        wrote on last edited by
        #13

        Jon - living beneath his means - in cars, anyway. 😆

        “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
        • jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote on last edited by
          #14

          Inflation since the passing of the inflation reduction act.

          IMG_9702.jpeg

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          1 Reply Last reply
          • CopperC Offline
            CopperC Offline
            Copper
            wrote on last edited by
            #15

            Up every month

            Thanks Joe

            1 Reply Last reply
            • JollyJ Offline
              JollyJ Offline
              Jolly
              wrote on last edited by Jolly
              #16

              Now, give me the debt figures since the IRA...

              “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

              AxtremusA 1 Reply Last reply
              • JollyJ Jolly

                Now, give me the debt figures since the IRA...

                AxtremusA Offline
                AxtremusA Offline
                Axtremus
                wrote on last edited by Axtremus
                #17

                @Jolly said in Bidenomics At Work:

                Now, give me the debt figures since the IRA Reagan ...

                JollyJ 1 Reply Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote on last edited by
                  #18

                  GOLDMAN SACHS: "The CHIPS Act and Inflation Reduction Act are boosting US manufacturing construction substantially.  New incentives have boosted spending on manufacturing-related construction and should boost manufacturing equipment investment and employment soon too."

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • AxtremusA Axtremus

                    @Jolly said in Bidenomics At Work:

                    Now, give me the debt figures since the IRA Reagan ...

                    JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote on last edited by
                    #19

                    @Axtremus said in Bidenomics At Work:

                    @Jolly said in Bidenomics At Work:

                    Now, give me the debt figures since the IRA Reagan ...

                    The goalposts are at the back of the end zone, not across the street from the parking lot.

                    “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
                    • JollyJ Jolly

                      Well, that's a used Corolla and a studio apartment on the East Coast...

                      Aqua LetiferA Offline
                      Aqua LetiferA Offline
                      Aqua Letifer
                      wrote on last edited by
                      #20

                      @Jolly said in Bidenomics At Work:

                      Well, that's a used Corolla and a studio apartment on the East Coast...

                      In rural Delaware maybe.

                      Please love yourself.

                      1 Reply Last reply
                      • RichR Online
                        RichR Online
                        Rich
                        wrote on last edited by
                        #21

                        I dunno...inventory at all price points is crazy low, but someone in that income range should be able to get a decent little house in the $250-275k range.... at least in much of Connecticut. (of course, pre-covid these were $150-180K houses)

                        George KG 1 Reply Last reply
                        • RichR Rich

                          I dunno...inventory at all price points is crazy low, but someone in that income range should be able to get a decent little house in the $250-275k range.... at least in much of Connecticut. (of course, pre-covid these were $150-180K houses)

                          George KG Offline
                          George KG Offline
                          George K
                          wrote on last edited by
                          #22

                          @Rich said in Bidenomics At Work:

                          a decent little house in the $250-275k range

                          Three years ago, a conventional (30 year) 80% mortgage on that house would have cost you about $1137 a month.

                          Today, the same loan is $1746. More than $7,000 a year more.

                          "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.

                          George KG 1 Reply Last reply
                          • jon-nycJ Online
                            jon-nycJ Online
                            jon-nyc
                            wrote on last edited by jon-nyc
                            #23

                            We’re setting oil production records under Biden.

                            U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast. That’s up from the most recent trough of 5 million barrels a day in 2008, and probably enough to help the U.S. to keep its title as the No. 1 global crude oil producer.

                            But what about federal lands?

                            In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            George KG taiwan_girlT 2 Replies Last reply
                            • JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote on last edited by
                              #24

                              Just think what it would be if Biden hadn't fucked with the oil industry...

                              “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
                              • JollyJ Offline
                                JollyJ Offline
                                Jolly
                                wrote on last edited by
                                #25

                                BTW, you probably still have contacts in the industry. What do they think of Mr. Biden?

                                “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
                                • jon-nycJ jon-nyc

                                  We’re setting oil production records under Biden.

                                  U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast. That’s up from the most recent trough of 5 million barrels a day in 2008, and probably enough to help the U.S. to keep its title as the No. 1 global crude oil producer.

                                  But what about federal lands?

                                  In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.

                                  George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #26

                                  @jon-nyc said in Bidenomics At Work:

                                  We’re setting oil production records under Biden.

                                  U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast. That’s up from the most recent trough of 5 million barrels a day in 2008, and probably enough to help the U.S. to keep its title as the No. 1 global crude oil producer.

                                  But what about federal lands?

                                  In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.

                                  At that rate, how long will it take to replenish the SPR?

                                  "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
                                  • taiwan_girlT Offline
                                    taiwan_girlT Offline
                                    taiwan_girl
                                    wrote on last edited by taiwan_girl
                                    #27

                                    alt text

                                    What would be reasons to take oil out of the strategic reserve? Not exactly sure why people were upset when oil was taken out a couple of years ago.

                                    Appears that the US govt made money on it. (Of course I am sure they had no idea of exactly where oil prices would go, so kind of risky if they were just doing it for money)

                                    "On March 31, 2022, President Joe Biden announced that his administration would release 1 million barrels of oil per day from the reserve for the next 180 days, selling it at an average price of $96 per barrel. After oil prices declined during the second half of the year, in December the administration announced it would begin replenishing the SPR in early 2023, expecting to purchase oil at a lower price than it was sold, a process that would take months or years to complete."

                                    1 Reply Last reply
                                    • AxtremusA Offline
                                      AxtremusA Offline
                                      Axtremus
                                      wrote on last edited by
                                      #28

                                      https://www.washingtonpost.com/business/2023/10/06/september-jobs-report-unemployment/

                                      Economy adds 336,000 jobs in September, in a stunning gain
                                      The unemployment rate held at 3.8%
                                      .
                                      The average hourly wage rose in September by 4.2 percent over the previous 12 months to $33.88 an hour, a sharper annual increase than inflation, which climbed to 3.7 percent in August.

                                      George KG 1 Reply Last reply
                                      • LuFins DadL Offline
                                        LuFins DadL Offline
                                        LuFins Dad
                                        wrote on last edited by
                                        #29

                                        https://apnews.com/article/consumer-confidence-spending-economy-inflation-67bf8bcf0542bc077e878012efcac637

                                        Most troubling was the decline in the index measuring future expectations, which tumbled to 73.7 in September from 83.3 in August. Readings below 80 for future expectations historically signal a recession within a year.

                                        The Brad

                                        1 Reply Last reply
                                        • LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #30

                                          alt text

                                          The Brad

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