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Just now, Fat is a type of crazy said:

Sound philosophical or something but I have on several occasions  not received a response to such issues so that is silence is it not.

 

 

You post drivel. No facts.

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2 minutes ago, Fat is a type of crazy said:

Why the extremes all the time - the worst something in 50 years - zero facts - etc - in the context of a world that has struggled with inflation while trying to maintain economic growth the US is doing well. Simple fact for you to ponder. 

UK inflation is low. You claimed the US had the best economy. It does not.

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1 minute ago, placeholder said:

One huge fact you're overlooking. High inflation was widespread following covid in most of the world's economies. How was Biden, or for that matter, Harris responsible for that? The fact is that the US economy recovered a lot faster than other major world economies.

but but but covid 

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7 minutes ago, susanlea said:

UK inflation is low. You claimed the US had the best economy. It does not.

Is inflation the only index of how an economy is doing? What about employment levels? How about GDP growth. And while the UK may have a lower inflation rate now, that's only recently the case.

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Just now, Yellowtail said:

but but but covid 

You've fixated on the wrong word, Actually it was but but but... most of the world's economies. How was Biden responsible for inflation in most of the rest of the world?

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1 minute ago, placeholder said:

Is inflation the only index of how an economy is doing? What about employment levels? How about GDP growth. And while the UK may have a lower inflation rate now, that's only recently the case.

Unemployment rose from 3.5 to 4.3 now

 

GDP growth in US ranks 7th in g20.

 

Border chaos.

 

2 wars.

 

Inflation 2.9 to 8+

 

Total disaster.

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1 minute ago, placeholder said:

You've fixated on the wrong word, Actually it was but but but... most of the world's economies. How was Biden responsible for inflation in most of the rest of the world?

Inflation is lower in many countries.

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3 minutes ago, susanlea said:

Unemployment rose from 3.5 to 4.3 now

 

GDP growth in US ranks 7th in g20.

 

Border chaos.

 

2 wars.

 

Inflation 2.9 to 8+

 

Total disaster.

For employment to rise to 3.5% it had to get down there in the first place. And, historically, unemployment levels below 5 percent has always been considered to be excellent.

Thanks for the G20 factoid. There are  some huge problem with that. The G20 is composed of economically fully developed nations and developing nations. Well managed economically developing nations typically have a much higher growth rate than fully developed nations. FYI, that goes for the Trump years, too. If you take them out the picture looks quite different.  Also, your numbers are apparently for the first quarter of  2024. They take no account of total growth since the end of the pandemic.

image.png.ea2cd6c4764157ee95450e8702f99160.png

https://web-archive.oecd.org/temp/2024-06-12/677570-g20-gdp-growth-first-quarter-2024-oecd.htm

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13 minutes ago, placeholder said:

Is inflation the only index of how an economy is doing? What about employment levels? How about GDP growth. And while the UK may have a lower inflation rate now, that's only recently the case.

Inflation is the one that hits the poor and middle class the hardest. Gas prices double and food prices up 50%, and what about home loans? 

 

In 2020, interest on a 30 year fixed was just under 3%, now it’s over 7%. The median home price in the US is about $425K. With 20% down, P & I at 3% is a $ 1,433   per month payment, at 7% that jumps to $2,262. That’s almost a 60% increase in less than four years.

 

But yes, let's keep letting millions of new low and no skilled "workers", that are often illiterate in their native tongue, and almost always illiterate in English, and that will likely never assimilate, and many of whom will be on some form of public assistance for life.  

 

They will:

  • Put downward pressure on wages, which is great for the rich.
  • Put upward pressure on housing costs, which is also great for the rich.
  • Reduce the quality and availability of social services, which the rich do not care about.
  • Increase the size of government, which will benefit many of the rich. 
  • Overburden public schools, disproportionally forcing up the cost while at the same time reducing the quality, which the rich do not care about either. 

 


 

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12 minutes ago, susanlea said:

More than 30 countries in Europe have lower inflation than the US.

Now they do. What are the cumulative totals since  the end of the pandemic?

And what is their level of unemployment?

What about cumulative GDP growth?

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Just now, Yellowtail said:

Inflation is the one that hits the poor and middle class the hardest. Gas prices double and food prices up 50%, and what about home loans? 

 

In 2020, interest on a 30 year fixed was just under 3%, now it’s over 7%. The median home price in the US is about $425K. With 20% down, P & I at 3% is a $ 1,433   per month payment, at 7% that jumps to $2,262. That’s almost a 60% increase in less than four years.

 

But yes, let's keep letting millions of new low and no skilled "workers", that are often illiterate in their native tongue, and almost always illiterate in English, and that will likely never assimilate, and many of whom will be on some form of public assistance for life.  

 

They will:

  • Put downward pressure on wages, which is great for the rich.
  • Put upward pressure on housing costs, which is also great for the rich.
  • Reduce the quality and availability of social services, which the rich do not care about.
  • Increase the size of government, which will benefit many of the rich. 
  • Overburden public schools, disproportionally forcing up the cost while at the same time reducing the quality, which the rich do not care about either. 

 


 

Dems only care for their elite bosses.

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Just now, Yellowtail said:

Inflation is the one that hits the poor and middle class the hardest. Gas prices double and food prices up 50%, and what about home loans? 

 

In 2020, interest on a 30 year fixed was just under 3%, now it’s over 7%. The median home price in the US is about $425K. With 20% down, P & I at 3% is a $ 1,433   per month payment, at 7% that jumps to $2,262. That’s almost a 60% increase in less than four years.

 

But yes, let's keep letting millions of new low and no skilled "workers", that are often illiterate in their native tongue, and almost always illiterate in English, and that will likely never assimilate, and many of whom will be on some form of public assistance for life.  

 

They will:

  • Put downward pressure on wages, which is great for the rich.
  • Put upward pressure on housing costs, which is also great for the rich.
  • Reduce the quality and availability of social services, which the rich do not care about.
  • Increase the size of government, which will benefit many of the rich. 
  • Overburden public schools, disproportionally forcing up the cost while at the same time reducing the quality, which the rich do not care about either. 

 


 

Your comment about inflation is utterly irrelevant to your allegation that the Biden administration was responsible for high inflation in the USA. You continue to ignore the fact that high inflation affected most of the world's economy. The one big exception is China. And that's because their economy is mostly in worse shape thanks to the expansion of state control of the economy.

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3 minutes ago, placeholder said:

Your comment about inflation is utterly irrelevant to your allegation that the Biden administration was responsible for high inflation in the USA. You continue to ignore the fact that high inflation affected most of the world's economy. The one big exception is China. And that's because their economy is mostly in worse shape thanks to the expansion of state control of the economy.

Where did I allege "...that the Biden administration was responsible for high inflation in the USA."? You made that up.

 

What I said was that inflation is the one that hits the poor and middle class the hardest. Gas prices double and food prices up 50%, and pointed out that in 2020, interest on a 30 year fixed was just under 3%, now it’s over 7%. The median home price in the US is about $425K. With 20% down, P & I at 3% is a $ 1,433   per month payment, at 7% that jumps to $2,262. That’s almost a 60% increase in less than four years.

 

Harris' policy was/is to keep letting millions of new low and no skilled "workers", that are often illiterate in their native tongue, and almost always illiterate in English, and that will likely never assimilate, and many of whom will be on some form of public assistance for life, and that will:

  • Put downward pressure on wages, which is great for the rich.
  • Put upward pressure on housing costs, which is also great for the rich.
  • Reduce the quality and availability of social services, which the rich do not care about.
  • Increase the size of government, which will benefit many of the rich. 
  • Overburden public schools, disproportionally forcing up the cost while at the same time reducing the quality, which the rich do not care about either. 

And your post, as usual does nothing to discredit anything I said. 

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4 minutes ago, placeholder said:

Is this why the Biden administration imposed increased taxes on those elites in order to make health insurance affordable to those out of work or in low paying jobs?

 

Biden Signs Expansive Health, Climate and Tax Law

President Biden on Tuesday signed a long-awaited bill meant to reduce health costs, reduce greenhouse gas emissions and raise taxes on corporations and wealthy investors, capping more than a year of on-again, off-again negotiations and cementing his early economic legacy.

https://archive.ph/D8vFe


- Health Care Expansion
    Kamala is on record wanting to give free healthcare to illegal aliens.
- Climate Action
    Kamala is on record wanting to shut down the fossil fuel industry, mandate EV and outlaw ICRVs.
- Economic Equity
    Kamala is on record wanting to raise taxes, and is no pretending she want to “give back the tax on tips the Democrats took in the first place. 

 

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1 hour ago, luckymitchell said:

Judging by the nonstop threads i'd say it is Trump living rent free in yours and all the other AN members that cannot stop talking about him.

 

An incoming trainwreck both Dems and Reps can't keep their eyes off.

Except one side is munching popcorn, the other sour grapes.

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12 minutes ago, placeholder said:

Your comment about inflation is utterly irrelevant to your allegation that the Biden administration was responsible for high inflation in the USA. You continue to ignore the fact that high inflation affected most of the world's economy. The one big exception is China. And that's because their economy is mostly in worse shape thanks to the expansion of state control of the economy.

Most of europe has low inflation :cheesy:

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15 minutes ago, placeholder said:

Now they do. What are the cumulative totals since  the end of the pandemic?

And what is their level of unemployment?

What about cumulative GDP growth?

Google it. I'm not your god.

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Just now, susanlea said:

Most of europe has low inflation :cheesy:

Now that's the case. 

But cumulatively. What most people don't know is that most of the world calculates inflation differently from the US. Basically, they don't take housing prices into account. They way the US calculates housing costs is to use a proxy. Basically, it's an estimate of what it would cost to rent a house were it to be put on the rental market. It considerably inflates the level of inflation compared to the EU. 

Here's what the EU CPI using Harmonized Inflation Index  looks like since from January 1, 2021 though May 2024 (the last month for which data was available)

 

image.png.2b5f959361b59fd6a9fb20ed567863b0.png

https://fred.stlouisfed.org/series/CP0000EZ19M086NEST

 

 

Here's what US CPI would look like if it were calculated using the Harmonized Index

image.png.8d7e23cede72d959b1172bbadb4050e0.png

https://fred.stlouisfed.org/series/CP0000USM086NEST

 

Virtually the same level of CPI inflation in both the EU and the USA

 

 

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19 minutes ago, Yellowtail said:

Where did I allege "...that the Biden administration was responsible for high inflation in the USA."? You made that up.

 

What I said was that inflation is the one that hits the poor and middle class the hardest. Gas prices double and food prices up 50%, and pointed out that in 2020, interest on a 30 year fixed was just under 3%, now it’s over 7%. The median home price in the US is about $425K. With 20% down, P & I at 3% is a $ 1,433   per month payment, at 7% that jumps to $2,262. That’s almost a 60% increase in less than four years.

 

Harris' policy was/is to keep letting millions of new low and no skilled "workers", that are often illiterate in their native tongue, and almost always illiterate in English, and that will likely never assimilate, and many of whom will be on some form of public assistance for life, and that will:

  • Put downward pressure on wages, which is great for the rich.
  • Put upward pressure on housing costs, which is also great for the rich.
  • Reduce the quality and availability of social services, which the rich do not care about.
  • Increase the size of government, which will benefit many of the rich. 
  • Overburden public schools, disproportionally forcing up the cost while at the same time reducing the quality, which the rich do not care about either. 

And your post, as usual does nothing to discredit anything I said. 

If you didn't allege it, then what's your point? So you agree that the Biden Administration isn't responsible? If so, I guess  we agree.

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24 minutes ago, Yellowtail said:

Where did I allege "...that the Biden administration was responsible for high inflation in the USA."? You made that up.

 

What I said was that inflation is the one that hits the poor and middle class the hardest. Gas prices double and food prices up 50%, and pointed out that in 2020, interest on a 30 year fixed was just under 3%, now it’s over 7%. The median home price in the US is about $425K. With 20% down, P & I at 3% is a $ 1,433   per month payment, at 7% that jumps to $2,262. That’s almost a 60% increase in less than four years.

 

Harris' policy was/is to keep letting millions of new low and no skilled "workers", that are often illiterate in their native tongue, and almost always illiterate in English, and that will likely never assimilate, and many of whom will be on some form of public assistance for life, and that will:

  • Put downward pressure on wages, which is great for the rich.
  • Put upward pressure on housing costs, which is also great for the rich.
  • Reduce the quality and availability of social services, which the rich do not care about.
  • Increase the size of government, which will benefit many of the rich. 
  • Overburden public schools, disproportionally forcing up the cost while at the same time reducing the quality, which the rich do not care about either. 

And your post, as usual does nothing to discredit anything I said. 

You'll be please to learn that those who would have been hit the hardest were those who did the best as far as wage increases go during the Biden administration

 

"Similarly, workers in the bottom 25 percent of America’s income distribution have seen much stronger wage growth than higher earners, according to the Atlanta Fed’s data. And this trend is also reflected in data on wages in America’s leisure and hospitality industry, the nation’s lowest-paid sector. Even using the Labor Department’s data (which likely underestimates wage growth due to the compositional issues mentioned above), pay for hospitality workers has far outpaced inflation during Biden’s time in office."

https://www.vox.com/politics/356775/trump-biden-debate-truth-about-biden-record

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