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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 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?

    You were warned.

    1 Reply Last reply
    • MikM Away
      MikM Away
      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

        You were warned.

        1 Reply Last reply
        • CopperC Online
          CopperC Online
          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."

                You were warned.

                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 Offline
                      RichR Offline
                      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.

                          You were warned.

                          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

                                        1 Reply Last reply
                                        • George KG Offline
                                          George KG Offline
                                          George K
                                          wrote on last edited by
                                          #31

                                          image.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.

                                          1 Reply Last reply
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