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I will respond later but the reason houses are higher value is the huge inflation we have experienced and continue to experience. Getting down to 2% inflation is no accomplishment. That is where it was before Biden shot it through the ceiling. Gas is still way more expensive than when Joey took over. We have nearly 20% compounded inflation since Biden has been in office. Job growth…Joe just got back the jobs lost during Covid. If you took the job growth curve under Trump we would actually be ahead of our current jobs. So many of the recent job growth in government jobs which cost us more money.
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Housing is higher, at least on CA is due to low available inventory not high interest rates. As a matter of fact house are staying longer on the market because of high interest rates and not stopping over asking price like they were before the feds raised rates over 7.6 percent
Now most middle class buyers are priced out of the market due to interest.rates. perfect example is my sister', she owns her home in Pomona but rents her primary residence in San dimas. All the house on her street, 3 br 2 bathroom are going for &000,000 to a million. She owes less than 2650k on Pomona but hrer interest rate 4% with less than ten years to pay it off. She could sell for 650,000 easily but to l buy a l million dollar home besides property taxes the 7.75% interest rate would be a p killer. Gas is higher not because of US output but never OPEC and Russia limited their output to artificially raise hoodoo pricing. Again America is producing oil at all rates, more than under trump. If you're under this economy l you made bad decisions. All markets are at all time highs, unedited is at 40 year lows. Real wage growth is consistently rising. Every economic indicator Is pointing toeatdd the sky
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Also trump is only the second POTUS to actually lose jobs invder his admin besides Herbert Hoover lol
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High markets due to inflation means nothing except the poor get poorer
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Trump didn’t lose jobs…… Covid lost jobs. Any other explanation is political bullshit by the left!!!!!
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jazz, Amen to that and for biden to claim new jobs which are mainly people going back to work after Covid in nonsense as well.
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Trump had the lowest unemployment numbers for all demographics in decades, and inflation below 2%.
Covid hit and jobs were "lost" although not really. Rather mostly blue state governors decided what was 'essential' business and what was not, often arbitrarily. Jobs came back when Covid restrictions were lifted and Joe and Dems claim those jobs......I bet they claim responsibility for the sun when it rises every day.......
If you look at the jobs growth trends under Trump, if Covid hadn't hit and Biden HADN'T been elected, we would be well-ahead of Joe's current jobs numbers and they wouldn't have been substantially government jobs in the mix.
Credit card debt is at an all time high.
Mortgage rates are double what they were under Trump.
Inflation growth rate is now not quite what it was under Trump. I have posted these numbers multiple times but people on the left just don't get it.
2020 1.4%
2021 7.0%
2022 6.5%
2023 3.4%
If you take the compounding effect of the 3 years under Biden. you see a total of 17.8%. So, we need to have 18% deflation to get back to where we were under Trump.
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Yep the economy is just amazing�.
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The tramp is a want to be dictator and putins lap dog. F JO51 you can’t be that stupid.
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I have seen a whole lot of dictatorial decrees coming from the current administration.
Are you having difficulty with my facts and real data?? I find people on the left just can't bring themselves to be analytical. Read and know, don't listen to the hype and bullshit.
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How much control over the economy does the President really have? We seem to attribute a considerable amount of power to him.
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Not just the President, but Congress that spends money like it is going out of style. But the President can VETO spending bills.
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“ Basically all retailers used COVID as an excuse to hyperinflate their pricing by blaming supply chain issues which was bullshit.”
Say I don’t understand economics without saying it.
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The Pres seems to have a lot more power than you might think
We've been in how many wars since the last declared one back in WW2.
None declared since but I've lost track of how many non-declared combat situations.
SCOTUS said he couldn't do it but he is doing it anyway with college loans
We went from Obama's one hundred thousand pages in the guvmint handbook to 20,000 now back to over 100,000..............regulations, laws, edicts, pronouncements, etc. mostly controlled by the Pres and ALL having a huge effect on the country.
The regulatory cost is estimated to be around $2 Trillion net of benefits lol
That all being said, the Pres power is not really the issue.
It's the fact that Congress/Pres write purposefully vague laws then leave it to the 2 million bureaucrats to decide what's what...........recipe for disaster
Back to you, Chet
PS iwant, try a paragraph now and then, nobody wants to read that shit lolooolllollollllllloooo
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“ Basically all retailers used COVID as an excuse to hyperinflate their pricing by blaming supply chain issues which was bullshit.”
When the price of fuel goes up, that drives the transportation costs up. Everything is transported, raw materials and finished goods. So guess what? The cost goes up. Maybe some retailers are used Covid, but the real reason is fuel and availability of trucks and drivers to do the transportation.
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During the Super Bowl tramp posted that he is responsible for Taylor Swifts success. What an FN idiot. The tramp is losing it but I’ll tell you that watching the orange clown snivel at the feet of Taylor Swift and Travis Kelce on his loser app is really enjoyable to watch.
Haley, Cheney or Manchin 2024
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I recently read a WSJ or NY times article written by a former bjg league player in the grocery segment, like Ralphs or some big chain. He literally said that groceries were hugely inflated using "supply chain issues" as a way to artificially raise prices. Big box grocery stores have a hell of a time raising prices during normal times they used COVID s their excuse..
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Inflation growth rate is now not quite what it was under Trump. I have posted these numbers multiple times but people on the left just don't get it.
We get it cupcake we just also know cherry-picking when we see it. It was that whole going to school thing instead of building a man garage with stolen aluminum from your neighbors yard.
America has the lowest rate of inflation in the G7. If I remember correctly only Singapore is even close.
We have the second strongest progress on energy prices after Canada.
Measured by GDP we have the strongest post pandemic economic recovery.
Unemployment is not only phenomenal but monthly job gains are surpassing prepandemic levels and productivity is surpassing all G7 countries.
Long term unemployment has dipped below prepandemic levels.
Most remarkable of all is the long dreamed for recession which is the basket conservatives put all their eggs in never happened and is not going to.
So you need to ask yourself precious. Why is it you feel the need to ignore the big picture and tear through data until you find a simulacrum of negativity which you hope will convince everyone the world is as weak and impotent as your own soul?
Fortunately your audience has a low intellectual ceiling which makes them irrelevant and invisible to those of us who comprehend the world without the blinders of our own personal bitterness and social failures.
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Dammit! I bought all those stupid AI stocks like NVDA instead of those big-box grocery stores that are making all that money! What a schlemiel I am!
What a dumb post, must be from tik tok news
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Somebody get some paper towels!
Yappy just shit the carpet again.
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I couldn't find the original article that quotes a former exec from a big box retailer but this somewhat explains how retailers are taking advantage of inflation and supply chain problems to fuck over the consumers. How can you increase your profit margin over 50% on meat if supposedly the only reason for the increase is 2-4% inflation. They're price gouging, and admitting it lol.
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The egg producers just settled a huge award towards consumers for overpriced eggs. In the article linked a major beef producer settled for over 50 million foot the same thing. If you want a stock tip short Tesla lol. Love NVIDIA
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The article I'm trying to find has the exec admitting that consumers basically flip out when prices are raised but COVID gave the big chains a reasonable excuse to raise prices that the consumer would understand. However he said the store chains got greedy and went way overboard
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^ triggered
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You can’t dispute my numbers. They are fucking facts. My point is …. Compare where we were under Trump and now. You can’t dispute a single number I stated. You are happy with people having to use credit cards to buy essentials and driving credit debt to over $1 trillion? You are happy that home affordability is in the tank due to interest rates? Prices across the board are up 18% in a mere 3 years. Job growth has been mostly hospitality and government, low paying jobs and jobs that cost taxpayers more money. Yep that is Bidenomics.
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The housing crisis in CA IS due to interest rates. People are not moving because they will trade a low interest rate for a double the rate interest rate. Cost of building in CA is over the top due to excessive regulation and exorbitant fees and permits, and uncertainty whether anyone can purchase a home if a builder builds it. Inventory is directly tied to ability to borrow .
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So your comparison is other G7 countries? Big deal. They get an F for their fiscal policies so our D is better. Good for you….lol.
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Our productivity has surpassed other G7 countries for many years. Many of them have 30-40 days of vacation on average. So hard to put produce a country with average 2000 man hours per year versus 1700.
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And about cherry picking statistics. I tried to focus on the numbers that actually affect the average American. I doubt anyone struggling to pay their rent cares about GFP or whether we are better than our G7 counterparts. That shows how out of touch the current administration and obviously many people on the left actually are, that they don’t get inflation rates, mortgage rates, credit debt, price of gas, energy costs. Etc.
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Interesting that no one here is talking about the cost of illegal immigation since
Biden took office. About 8-10 million since Biden become president.
They are becoming a big drain on the local municipalities.
How can you continue to feed and house people with few work skills
and can't speak English.
They are also forming gangs to rob and steal from the locals.
Also thousands of illegal Chinese are coming to CA based on a 60 minute program.
Many are probably spies for the CCP.
The radio host on the program RED EYE on KABC who lives in Texas
says that he saw several heavily armed people roaming through his neighborhood
unimpeded. He assumed they are cartel members.
Generally speaking, this is just the beginning. More misery to come.
Quit blaming Trump, we also have to take some responsibility for the mess
that has been created.
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Dr. Boogie.
That is what the Dems do. Never take responsibility for anything.
Covid was Trump's fault
Gas prices are Russia's fault
Immigration is also Trump's fault because he made Congress turn down Joey's bill
and the list goes on.
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Easy to explain!
All Trump's fault!
Wake the fuck up lol..............
See, I can post just like MA, if I want to..........just be absurd as you can possibly be
How many are old enough to remember this one?
(Sung to the River Kwai March, aka Colonel Bogey March)
"Hitler has only got one ball,
Göring has two but very small,
Himmler is rather sim'lar,
But poor old Goebbels has no balls at all.
Rommel has four or five, I guess,
No one's quite sure 'bout Rudolf Hess,
Schmeling's always yelling,
But poor old Goebbels has no balls at all."
When we used to sing this song, we would pronounce "Goebbels" as "Go-Balls", of course.
Like Butz & Biden, I am old and fart dust
Here's the brit version, fucking limeys
Hitler has only got one ball,
The other is in the Albert Hall,
His mother, the dirty bugger,
Chopped it off when Hitler was small.
She threw it into the apple tree,
the wind blew it into the deep blue sea,
Where the fishes got out their dishes,
And ate scallops and bollocks for tea.
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8===D
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how much money did the trump tariffs add to the account?
the tariffs are serious money
also trump did change tax on individuals who are owners of corporations profiting outside the US.
so they were forced to pay tax or move out.
housing inflation is all over the US, CA is actually not the highest (increase YOY%), it is somewhere Alabama at almost 20% YOY
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You're in luck, iwannabeanidiot!
Trump tax cuts expire in 2025!
US has one of the most progressive tax regimes of any developed country.
Europe collects a shit pot of money from all across the income spectrum due to VAT, which is commonly thought to be a regressive tax...........should we do that? Corporate tax is complete bullshit, they just pass it on to people.........people pay taxes, not corps.
Reaganomics was called "voodoo economics" by........wait for it........wait some more........
George H W Bush, while running against Reagan lolooollloooll
The mistake Reagan made was signing off on Congress's spending like drunk sailors......as usual for every Presi. Fuck those guys!
"In stating that his intention was to lower taxes, Reagan's approach was a departure from his immediate predecessors. Reagan enacted lower marginal tax rates as well as simplified income tax codes and continued deregulation. During Reagan's eight year presidency, the annual deficits averaged 4.0% of GDP, compared to a 2.2% average during the preceding eight years. The real (inflation adjusted) average rate of growth in federal spending fell from 4% under Jimmy Carter to 2.5% under Ronald Reagan. GDP per employed person increased at an average 1.5% rate during the Reagan administration, compared to an average 0.6% during the preceding eight years. Private sector productivity growth, measured as real output per hour of all persons, increased at an average rate of 1.9% during Reagan's eight years, compared to an average 1.3% during the preceding eight years. Federal net outlays as a percent of GDP averaged 21.4% under Reagan, compared to 19.1% during the preceding eight years."
iwannabeanidiot wants Jimmy Carter back in the WH
*check out those nice paragraph breaks...............ollololoooolllllolol
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Now you are learning, jazz. I know you are being sarcastic but even a broken cock (like yours), I mean clock is right twice a day.
The consequences for following the Orange Shitgibbon down the cliff like a lemming are being felt now. Biden fucking over Afghanistan will haunt us soon enough, and it will be ugly, but if you actually do homework and read what actual experts feared and said and we’re proven correct. when Trump started dismantling existing systems because it did not make him look good and it fit his own pocket lining agenda, those experts said we would feel the pinch now and for some to come, and they were right.
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The Federal government only costs billions and trillions and doesn't really do much. The local County and State health agencies were far better equipped to handle the specific issues in their area. The Federal government can provide money and resources, but we don't need one more Federal bureaucracy that doesn't accomplish anything and only just costs more money. Additional Federal jobs does NOT provide resources to the local health agencies.
But Democrats and people on the left actually believe that the Federal government should be involved in every aspect of our lives.
Another fucked up agency is the Department of Education. Just send the money spent in the States that need it. We don't need over 4000 employees spending $68 + billion....and our educational system is worse today than a decade ago.
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Nice stiffy, Luo....thank you. 
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| There are 38 comments on this blog. |
