DemocRats just continue lying --https://www.foxbusiness.com/politics/karine-jean-pierre-says-bidens-economic-plan-working-despite-household-income-drop-stubborn-inflation?fbclid=IwAR1GonUWQt6rud63WkXgEs0S3uZiPylRKaSMA_CMhpf4nzg8Tlej9XXCmeE
DemocRats just continue lying --https://www.foxbusiness.com/politics/karine-jean-pierre-says-bidens-economic-plan-working-despite-household-income-drop-stubborn-inflation?fbclid=IwAR1GonUWQt6rud63WkXgEs0S3uZiPylRKaSMA_CMhpf4nzg8Tlej9XXCmeE
It is working. He never promised instant miracle results--especially not with the RepubliQ controlling the House.
If Biden's economic plan is working then it will be his fault when the economy goes south.
Inflation continues to rise faster than wages which means the consumer is using credit cards to get by. Currently credit card debt is at an all time high & defaults are rising. Once the consumer reaches their credit limit, the economy is in trouble.
Originally posted by: tom
If Biden's economic plan is working then it will be his fault when the economy goes south.
Inflation continues to rise faster than wages which means the consumer is using credit cards to get by. Currently credit card debt is at an all time high & defaults are rising. Once the consumer reaches their credit limit, the economy is in trouble.
Perfect time to raise the minimum wage.
Originally posted by: tom
If Biden's economic plan is working then it will be his fault when the economy goes south.
Inflation continues to rise faster than wages which means the consumer is using credit cards to get by. Currently credit card debt is at an all time high & defaults are rising. Once the consumer reaches their credit limit, the economy is in trouble.
If anything unfavorable happens, it will be Biden's fault, no matter what or where it is.
If the economy improves, Biden won't get any credit.
That's how idiot dumb fuck stupid Tommie-poo thinks.
Perhaps stupid Tommie-poo, in anguish over the plight of the American consumer, might pivot away from his previously expressed opposition to Democratic legislation restricting the interest rates credit card companies can charge, which is currently as high as 21% APR, even though those same banks are paying 1% on savings accounts and CDs?
It's greedy corporate America that's causing these problems.
Stupid Tommie-poo.
Kevin should do research before he starts babbling.
Savings rates are around 4% now not 1%.
What banks charge for interest rates has nothing to do with the fact
that consumers real income is decking due to inflation andare financing
their daily purchases thru credit card debt.
Eventually that well will dry up.
Notice how Tom doesnt want to talk about employment or GDP anymore? When your old argument dies....you need to invent a new one.
I fully encourage Tom to buy gold from Glenn Beck. That way you'll be safe from the oncoming economic apocolypse. I suspect that will work as well as 2009 - the last time right wingers went underground..
Originally posted by: tom
Kevin should do research before he starts babbling.
Savings rates are around 4% now not 1%.
What banks charge for interest rates has nothing to do with the fact
that consumers real income is decking due to inflation andare financing
their daily purchases thru credit card debt.
Eventually that well will dry up.
Stupid Tommie-poo is dead wrong, but I won't argue with him, because the point is, the "spread," or the difference between what banks charge borrowers and what they pay out in interest, is the highest in history.
Leading to record corporate profits. That's why the American consumer is hurting.
But of course, it's all Biden's fault.
Stupid Tommie-poo.
Leading to record corporate profits.
S&P earnings are down almost 2% during this earnings season.
Tom doesnt want to talk about employment or GDP anymore?
Job participation continues to be low & we still have 7+m people not in the work force.
As indicated earlier the economy is being propped up by consumers using credit card debt. As a result balances are at an all time & delinquencies/defaults are up.
Today's economic reports show the PPI increasing, housing starts down & the Philly Fed manufacturing index continues to decline to a negative 24
Originally posted by: tom
Leading to record corporate profits.
S&P earnings are down almost 2% during this earnings season.
Tom doesnt want to talk about employment or GDP anymore?
Job participation continues to be low & we still have 7+m people not in the work force.
As indicated earlier the economy is being propped up by consumers using credit card debt. As a result balances are at an all time & delinquencies/defaults are up.
Today's economic reports show the PPI increasing, housing starts down & the Philly Fed manufacturing index continues to decline to a negative 24
All of that is by design of the FED.
If you are simultaneously bitching about too much credit and also the FED raising interest rates - you are contradictiing yourself.
If you are bitching about inflation...and simultaneously demanding increase employment - you are
contradicting yourself.
In summary, Tom, you are having a fight between two corners of your mouth that want the oppositte result. And I cant do anything with you there except to point and laugh.
