Biden Warns of a 'Nightmare' Future with Trump, Lists Reasons for Concern

[spidermike007]

1 hour ago, thaibeachlovers said:

Prove you are in the room when he wakes up to know that.

 

I don't think he is miserable. If he is a narcissist as so many of your side claim, he must be lovin' the media attention. 

Also, he gets to laugh at all the Trump haters with TDS melting down at everything he says. He could say that he has the power to levitate to the moon and likely he's get the inevitable reaction of those that take everything he says as evidence he is in league with Satan.

Such powerful delusion. TDS means Trump deceives his supporters. He is extremely miserable. Just look at him. When was the last time you saw him laugh, or show any sign of joy? He does not. He cannot. His life is one of loud desperation. 

[Hanaguma]

7 minutes ago, heybruce said:

Yeah, home owners are really crying about how much the value of their houses has increased.

How many actually OWN their homes free and clear, how many are paying sharply increased mortgages (due to the Fed raising interest rates) and how many are renting and getting hit with bit increases?

 

Average mortgage payment is close to $3000 a month according to Yahoo Finance- 20% more than just a year ago. Rent is up nearly 30% during the Biden years. 

[Jingthing]

25 minutes ago, Hanaguma said:

How many actually OWN their homes free and clear, how many are paying sharply increased mortgages (due to the Fed raising interest rates) and how many are renting and getting hit with bit increases?

 

Average mortgage payment is close to $3000 a month according to Yahoo Finance- 20% more than just a year ago. Rent is up nearly 30% during the Biden years. 

As said how people feel about their wealth depends on their specific circumstances.

Aside from housing in general when the stock market goes up the significant percentage of Americans who have retirement accounts do FEEL richer and even tend to spend more even without touching those accounts.

Edited February 8 by Jingthing

[Jingthing]

10 minutes ago, spidermike007 said:

Such powerful delusion. TDS means Trump deceives his supporters. He is extremely miserable. Just look at him. When was the last time you saw him laugh, or show any sign of joy? He does not. He cannot. His life is one of loud desperation. 

Yes he's literally fighting for his life.

His main motivation to be president is to save his own ample arse.
If he loses, there is a good chance he ends his life in prison sans the golden toilets.

The mental stress is showing. He's melting down.

[heybruce]

18 minutes ago, impulse said:

 

Don't forget credit card debt and delinquencies, which are growing like the dickens under Bidenomics.

 

During the third quarter, credit card balances hit a fresh high of $1.08 trillion, rising $48 billion from the prior quarter and leaping by a record $154 billion from the year before, according to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit released Tuesday.

 

The year-over-year increase is the largest since the New York Fed started tracking that data in 1999.

 

Household debt increased 1.3% to $17.29 trillion in the third quarter.

 

However, a growing number of households are having difficulty wrangling that debt, which is increasingly more costly amid an environment of painfully persistent inflation and high interest rates.

 

https://edition.cnn.com/2023/11/07/economy/household-debt-credit-card-delinquencies-q3/index.html

Don't forget to dive into the data and look for any numbers that distract from the fact that unemployment is low, wages are increasing, inflation has fallen, the economy is growing...

[Hanaguma]

5 minutes ago, Jingthing said:

As said how people feel about their wealth depends on their specific circumstances.

Aside from housing they in general with the stock market goes up the significant percentage of Americans who have retirement accounts do FEEL richer even tend to spend more even without touching those accounts.

Ah yes, the house owning, IRA contributing average American. How many people do you think that is?

 

Compared with the number who have seen the cost of a dozen eggs double. Or gasoline increase by 40%.

[Hawaiian]

22 hours ago, heybruce said:

Still can't address my post, can you?  The Heritage Foundation, your chosen source, was caught lying and is not a reliable news source.  Understand?

This website is rated High in factual reporting and leans LEFT like you do.

Understand?

https://www.fairus.org/issue/publications-resources/fiscal-burden-illegal-immigration-united-states-taxpayers-2023

[Jingthing]

1 minute ago, Hanaguma said:

Ah yes, the house owning, IRA contributing average American. How many people do you think that is?

 

Compared with the number who have seen the cost of a dozen eggs double. Or gasoline increase by 40%.

I can't cite stats but there are definitely plenty of Americans who already own homes with decent mortgage rates and booming retirement accounts. People that own free and clear are of course older.

I'm not saying it's one way or the other.

It DEPENDS on specific situations and that would be the same with any president.

Economic change happens and there are always winners and losers.

Politicians are tasked with surfing those changes to try to get elected.

[heybruce]

16 minutes ago, Hanaguma said:

How many actually OWN their homes free and clear, how many are paying sharply increased mortgages (due to the Fed raising interest rates) and how many are renting and getting hit with bit increases?

 

Average mortgage payment is close to $3000 a month according to Yahoo Finance- 20% more than just a year ago. Rent is up nearly 30% during the Biden years. 

I don't know, and apparently neither do you.  However it's safe to assume that the majority bought their homes more than four years ago and therefore ahead of the interest rate increases.  That means they are paying off home that have greatly increased in value with low interest loans.

 

Of course it's useless to debate with a "glass half empty" person.  If home values had fallen you would think that a crisis and if interest rates fell you'd complain about the effect on retirement plans.  The market always benefits some more than others, but a growing economy, which the county has now, creates more winners than losers.

 

BTW:  The re-alignment of the housing market that saw the increases in value was driven by the work place changes brought about by Covid.  Why aren't the people who hold Trump blameless for the consequences of Covid doing the same for Biden?

[heybruce]

18 minutes ago, Jingthing said:

As said how people feel about their wealth depends on their specific circumstances.

Aside from housing they in general with the stock market goes up the significant percentage of Americans who have retirement accounts do FEEL richer even tend to spend more even without touching those accounts.

Count me as one of those.  I have a manageable level of credit card debt that I could pay off by cashing in some of my IRA that is tied to the S&P500.  However with the market going up the way it is I'm in not hurry to do so.

[Hawaiian]

12 minutes ago, Jingthing said:

As said how people feel about their wealth depends on their specific circumstances.

Aside from housing they in general with the stock market goes up the significant percentage of Americans who have retirement accounts do FEEL richer even tend to spend more even without touching those accounts.

The DJA is not the stock market.  The cracks are slowly appearing.  Not all sectors are doing well.  The one day decline in NYCB of 40% is just one example of troubling times on the horizon.  The Chinese markets have seen nearly a $3 trillion devaluation in the past two years.  Much of the money is coming back home to be parked in U.S. securities and some in U.S. markets.

[Jingthing]

Just now, Hawaiian said:

The DJA is not the stock market.  The cracks are slowly appearing.  Not all sectors are doing well.  The one day decline in NYCB of 40% is just one example of troubling times on the horizon.  The Chinese markets have seen nearly a $3 trillion devaluation in the past two years.  Much of the money is coming back home to be parked in U.S. securities and some in U.S. markets.

Sure again depends on the individual how they are invested if they're invested. Duh. 

[Jingthing]

4 minutes ago, heybruce said:

Count me as one of those.  I have a manageable level of credit card debt that I could pay off by cashing in some of my IRA that is tied to the S&P500.  However with the market going up the way it is I'm in not hurry to do so.

Yeah I'm definitely better off under Biden but I'm not foolish enough to think any president has all that much control over the ups and downs of capitalism. I wouldn't vote for a fascist dictator like Trump regardless of my personal situation. 

Edited February 8 by Jingthing

[Jingthing]

It takes 270 electoral votes to be president.

Presidential candidates don't need to persuade anything close to everyone. 

[heybruce]

14 minutes ago, Hanaguma said:

Ah yes, the house owning, IRA contributing average American. How many people do you think that is?

 

Compared with the number who have seen the cost of a dozen eggs double. Or gasoline increase by 40%.

You're living in the past:  https://ycharts.com/indicators/us_gas_price

https://fred.stlouisfed.org/series/APU0000708111

 

Also, do you hold Biden responsible for the cull of chickens caused by bird flu?

[heybruce]

20 minutes ago, Hawaiian said:

This website is rated High in factual reporting and leans LEFT like you do.

Understand?

https://www.fairus.org/issue/publications-resources/fiscal-burden-illegal-immigration-united-states-taxpayers-2023

This website?

 

"The Federation for American Immigration Reform (FAIR) is a nonprofit, anti-immigration organization in the United States.^[6][7] The group publishes position papers, organizes events, and runs campaigns in order to advocate for changes in U.S. immigration policy. The Southern Poverty Law Center classifies FAIR as a hate group with ties to white supremacist groups.^{[8][9][10][11][12]}"  https://en.wikipedia.org/wiki/Federation_for_American_Immigration_Reform

 

I would much rather see legal immigration greatly increased in the US.  Illegal immigrants are a mixed bag.  However any calculation of the cost of illegal immigrants that doesn't take into account the benefits they provide to the economy by doing essential jobs is misleading.

[heybruce]

14 minutes ago, Hawaiian said:

The DJA is not the stock market.  The cracks are slowly appearing.  Not all sectors are doing well.  The one day decline in NYCB of 40% is just one example of troubling times on the horizon.  The Chinese markets have seen nearly a $3 trillion devaluation in the past two years.  Much of the money is coming back home to be parked in U.S. securities and some in U.S. markets.

Did anyone state that every stock is going up in value?

 

Are we now concerned about the Chinese stock market?

[Hawaiian]

1 minute ago, heybruce said:

This website?

 

"The Federation for American Immigration Reform (FAIR) is a nonprofit, anti-immigration organization in the United States.^[6][7] The group publishes position papers, organizes events, and runs campaigns in order to advocate for changes in U.S. immigration policy. The Southern Poverty Law Center classifies FAIR as a hate group with ties to white supremacist groups.^{[8][9][10][11][12]}"  https://en.wikipedia.org/wiki/Federation_for_American_Immigration_Reform

 

I would much rather see legal immigration greatly increased in the US.  Illegal immigrants are a mixed bag.  However any calculation of the cost of illegal immigrants that doesn't take into account the benefits they provide to the economy by doing essential jobs is misleading.

Mixed bag?  Nothing stopping you from paying more taxes to reduce the burden of supporting these illegals.

Only organizations you support have perfect track records. 

[heybruce]

12 minutes ago, Jingthing said:

Yeah I'm definitely better off under Biden but I'm not foolish enough to think any president has all that much control over the ups and downs of capitalism. I wouldn't vote for a fascist dictator like Trump regardless of my personal situation. 

 

Agreed.  Presidents don't dictate the nuts and bolts of the economy, and Presidents have no control over events such as bird flu and droughts in major agricultural regions.  Trump supporters understand that when it provides cover for Trump, not when it comes to Biden.

[Hawaiian]

4 minutes ago, heybruce said:

Did anyone state that every stock is going up in value?

 

Are we now concerned about the Chinese stock market?

Manageable credit card debt!  That explains your misconceptions about finance and how the markets work.

[heybruce]

Just now, Hawaiian said:

Mixed bag?  Nothing stopping you from paying more taxes to reduce the burden of supporting these illegals.

Only organizations you support have perfect track records. 

Actually Trump and his supporters are stopping a bipartisan immigration bill with support from the Border Patrol union from becoming law.  https://www.washingtonpost.com/politics/2024/01/27/trump-border-biden/

[heybruce]

Just now, Hawaiian said:

Manageable credit card debt!  That explains your misconceptions about finance and how the markets work.

First, I don't think your reply was applied to the correct post.

 

Second, are you disputing that such a thing as manageable credit card debt exists? 

[Neeranam]

Sadly, the alternative is no good.

[candide]

7 hours ago, Danderman123 said:

An opinion piece about data is not the same as data.

 

How about FBI data?

 

All you are saying now is the official data doesn't back you up.

That was just the usual MAGA m.o. When facts contradict their claims, they make up a conspiracy theory.

[Hawaiian]

6 minutes ago, heybruce said:

Actually Trump and his supporters are stopping a bipartisan immigration bill with support from the Border Patrol union from becoming law.  https://www.washingtonpost.com/politics/2024/01/27/trump-border-biden/

Never mind Trump.  Why is he stopping you from contributing?

[Hawaiian]

6 minutes ago, heybruce said:

First, I don't think your reply was applied to the correct post.

 

Second, are you disputing that such a thing as manageable credit card debt exists? 

Deflection.

[Photoguy21]

19 hours ago, mikebike said:

I'm pretty sure the only book 45 has read cover to cover is not the bible... I'm pretty sure he hasn't even read Art of the Deal... Just sprew out verbal crap is his game. 

I am pretty sure he cant read, full stop

[Hawaiian]

18 minutes ago, heybruce said:

First, I don't think your reply was applied to the correct post.

 

Second, are you disputing that such a thing as manageable credit card debt exists? 

Not disputing anything.

https://www.nerdwallet.com/h/category/managing-credit-card-debt

[heybruce]

14 minutes ago, Hawaiian said:

Never mind Trump.  Why is he stopping you from contributing?

Contribute to what and why?

 

If you think the border is a crisis, why aren't you contributing something?

[heybruce]

2 minutes ago, Hawaiian said:

Not disputing anything.

https://www.nerdwallet.com/h/category/managing-credit-card-debt

Your post cast doubt on the existence of manageable credit card link.  Your link doesn't answer anything about it.