#46 President Joe Biden

mrussel1 said:

JB16057 said:

mrussel1 said:

JB16057 said:

Merkin Baller said:

Gern Blansten said:

https://twitter.com/byHeatherLong/status/1717519421466448075

“We were told a recession was coming.  Now the economy is booming.  Another broken Biden promise.”

That's great that the economy is "booming" but how do you explain that many American families are struggling to pay their month to month bills? 

Since when is that new? Did you just learn about lower middle class people? Do you really think no one struggled during Trump years? 

https://www.investopedia.com/can-t-pay-your-bills-now-what-5179654

Approximately 61% of Americans live paycheck to paycheck, according to an April 2023 report.

Sure.  Now show me a 20 year trend on the same statement.  Do you really draw conclusions off one data point?

He's drawing conclusions on random google searches. What do you think?

JB16057 said:

Merkin Baller said:

Gern Blansten said:

https://twitter.com/byHeatherLong/status/1717519421466448075

“We were told a recession was coming.  Now the economy is booming.  Another broken Biden promise.”

That's great that the economy is "booming" but how do you explain that many American families are struggling to pay their month to month bills? 

I blame the democrats. They want chaos. Kevin Mccarthy & Fox News told me so. 

JB16057 said:

The Juggler said:

mrussel1 said:

JB16057 said:

mrussel1 said:

JB16057 said:

Merkin Baller said:

Gern Blansten said:

https://twitter.com/byHeatherLong/status/1717519421466448075

“We were told a recession was coming.  Now the economy is booming.  Another broken Biden promise.”

That's great that the economy is "booming" but how do you explain that many American families are struggling to pay their month to month bills? 

Since when is that new? Did you just learn about lower middle class people? Do you really think no one struggled during Trump years? 

https://www.investopedia.com/can-t-pay-your-bills-now-what-5179654

Approximately 61% of Americans live paycheck to paycheck, according to an April 2023 report.

Sure.  Now show me a 20 year trend on the same statement.  Do you really draw conclusions off one data point?

He's drawing conclusions on random google searches. What do you think?

I don't see anyone proving me wrong with facts. Do you have some research you want to share? 

What point do you think you are making? Please answer without googling. 

JB16057 said:

The Juggler said:

JB16057 said:

The Juggler said:

mrussel1 said:

JB16057 said:

mrussel1 said:

JB16057 said:

Merkin Baller said:

Gern Blansten said:

https://twitter.com/byHeatherLong/status/1717519421466448075

“We were told a recession was coming.  Now the economy is booming.  Another broken Biden promise.”

That's great that the economy is "booming" but how do you explain that many American families are struggling to pay their month to month bills? 

Since when is that new? Did you just learn about lower middle class people? Do you really think no one struggled during Trump years? 

https://www.investopedia.com/can-t-pay-your-bills-now-what-5179654

Approximately 61% of Americans live paycheck to paycheck, according to an April 2023 report.

Sure.  Now show me a 20 year trend on the same statement.  Do you really draw conclusions off one data point?

He's drawing conclusions on random google searches. What do you think?

I don't see anyone proving me wrong with facts. Do you have some research you want to share? 

What point do you think you are making? Please answer without googling. 

What point do you think you are making? You aren't providing any information, just bullshit. 

I answered your initial question earlier. Scroll back through all your random links to find it. 

JB16057 said:

Gern Blansten said:

JB16057 said:

https://www.washingtontimes.com/news/2023/oct/25/fbi-had-40-informants-tracking-biden-family-financ/

More than 40 confidential sources were providing information to the FBI about the Biden family and they produced credible evidence of corruption, the Senate’s most senior lawmaker said Wednesday.

But the allegations ran into resistance from biased officials at the FBI and Justice Department, who led an effort to hinder probes into President Biden, his brother James Biden and his son Hunter Biden, said Sen. Charles E. Grassley, Iowa Republican.

The senator also said he has found out that the FBI had information as far back as October 2020 that contradicted then-candidate Joe Biden’s claims that he wasn’t aware of Hunter Biden’s business dealings.

"said Sen Chuck Grassley"....devastating stuff man

Is the FBI disputing this? You'd think that if this wasn't true, the FBI would come out and say so. 

well fuck no they won't...you think they put out statements for every fucked up thing someone says about the FBI? Plus...if there is any sort of investigation they won't say anything anyway.

Watch real news.

JB16057 said:

mrussel1 said:

JB16057 said:

Merkin Baller said:

Gern Blansten said:

https://twitter.com/byHeatherLong/status/1717519421466448075

“We were told a recession was coming.  Now the economy is booming.  Another broken Biden promise.”

That's great that the economy is "booming" but how do you explain that many American families are struggling to pay their month to month bills? 

Since when is that new? Did you just learn about lower middle class people? Do you really think no one struggled during Trump years? 

https://www.cnn.com/2023/08/03/politics/cnn-poll-economic-pessimism-joe-biden/index.html#:~:text=Despite%20months%20of%20increasingly%20positive,to%20a%20new%20CNN%20poll.

Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, with 51% saying they think the economy is still in a downturn and getting worse, according to a new CNN poll.

just because 51% "think" it's in a downturn is meaningless....of course if you ask any of you who only watch OAN, Newsmax, InfoWars, etc., you'll think that.

JB16057 said:

mrussel1 said:

JB16057 said:

mrussel1 said:

JB16057 said:

Merkin Baller said:

Gern Blansten said:

https://twitter.com/byHeatherLong/status/1717519421466448075

“We were told a recession was coming.  Now the economy is booming.  Another broken Biden promise.”

That's great that the economy is "booming" but how do you explain that many American families are struggling to pay their month to month bills? 

Since when is that new? Did you just learn about lower middle class people? Do you really think no one struggled during Trump years? 

https://www.investopedia.com/can-t-pay-your-bills-now-what-5179654

Approximately 61% of Americans live paycheck to paycheck, according to an April 2023 report.

Sure.  Now show me a 20 year trend on the same statement.  Do you really draw conclusions off one data point?

How about you show me a 20 year trend? 

Everyone here can't admit the economy is fucked. You all believe what you're told but look around. If the economy is doing so well, why do we have an all time high record amount of credit card debt? Do you not understand how bad that is or just too ignorant to admit that the cost of living keeps going up yet the government keeps telling how the economy is booming. Use some common sense. Americans are struggling to pay their bills and using credit card to do so. This bubble will burst. 

https://www.bankrate.com/finance/credit-cards/credit-card-debt-reaches-all-time-high/

• Nearly 50% of cardholders carry debt from month-to-month, up from 39% in 2021.

Seriously dude, don't start arguing credit and credit cards with me.  The credit debt has a lot of factors that are not just connected to inflation.  Prior to the current record numbers, you had close to a decade of significant credit tightening based on the TARP rules that bled into reserve requirements for the lenders.  Because of the significant increase in the reserves required for anticipated losses based on vintage numbers, large banks reduced their lending into the sub and mid prime markets.  Secondly, the CARD Act and subsequent CFPB rule making reduced the max fees that banks could charge upfront to risky consumers.  This led to a general de-leveraging of credit in the macro economy as large national banks exited sub prime lending.  Fast forward 2018, Basil III requirements were released which again changed the reserve structure for banks.  It enabled them to loosen up the underwriting and that started in 2019.  By early 2020, banks were preparing for a dramatic rise in credit losses.  Bank of America, as an example added 700 internal collectors in NC and DE to prepare.  But then the gov't stimulus occurred along with the forbearance allowance for student loans.  BOA literally released them all without ever making one phone call. That created a massive de-leverage situation.  Look it up, you'll see it in the 2020-2022 numbers.  But then stimulus and PPP ends, and now the savings rates have tanked, while credit card has risen.  
Of course inflation plays a part.  But inflation is world wide, not just the US.  But seriously, don't throw out half baked statements like you do.  This is what I do and have done for 25 years.  

Regarding your paycheck to paycheck comment, don't throw out random comment and then expect me to prove the trendline.  It's your fucking argument.  Make it, and make it bullet proof.  If you can't, then don't make the argument.  At least be an adult about what you put forth.  I don't throw anything out there that is half baked.  And I was an analyst by training.  I'm not stupid enough to be gas lighted with one data point.  

JB16057 said:

Gern Blansten said:

JB16057 said:

mrussel1 said:

JB16057 said:

Merkin Baller said:

Gern Blansten said:

https://twitter.com/byHeatherLong/status/1717519421466448075

“We were told a recession was coming.  Now the economy is booming.  Another broken Biden promise.”

That's great that the economy is "booming" but how do you explain that many American families are struggling to pay their month to month bills? 

Since when is that new? Did you just learn about lower middle class people? Do you really think no one struggled during Trump years? 

https://www.cnn.com/2023/08/03/politics/cnn-poll-economic-pessimism-joe-biden/index.html#:~:text=Despite%20months%20of%20increasingly%20positive,to%20a%20new%20CNN%20poll.

Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, with 51% saying they think the economy is still in a downturn and getting worse, according to a new CNN poll.

just because 51% "think" it's in a downturn is meaningless....of course if you ask any of you who only watch OAN, Newsmax, InfoWars, etc., you'll think that.

If the economy is booming and inflation is dropping, why are day to day expenses still so high?

Christ man...prices are high because the economy is hot...demand is higher than supply