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Topic: How do you think the US economy is doing right now?

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Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #350 on: August 11, 2024, 03:13:19 PM »
There is a brand new Costco in North Port. 

betarhoalphadelta

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Re: How do you think the US economy is doing right now?
« Reply #351 on: August 11, 2024, 03:31:38 PM »
2020 was when Sleepy Joe was elected.  Donny's only responsible for the price up to October. :)

And I've never asserted that the president influences the price of eggs.  I've only suggested that people vote with their wallets and there are many cases, including the price of eggs, where people are worse off financially than they were 4 years ago. 
I agree. It's the economy, stupid. And stupids vote on the status of an economy that the President has terribly little control over. 

All that said, I absolutely think that the Biden administration shares blame for the inflation we've seen. Global pandemic and we spent, and spent, and spent, and spent. Massive fiscal stimulus. What does anyone think all that extra money in the economy, chasing the same amount (or lesser, given some supply chain issues) of goods and services in the economy, is going to do? Raise prices. 

But I also have a sneaking suspicion that if 45 had won a second term, and he got the ability to take credit for all that fiscal stimulus to "keep the economy going", he'd have signed off on it too. Obv you can't easily argue counterfactuals because I can't prove myself right and nobody else can prove me wrong. But seeing how giddy he was to send out those stimulus checks [as long as they had his signature on them], I don't doubt it. 

Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #352 on: August 11, 2024, 05:35:22 PM »
The last round of checks was one round to many, and DJT supported them too, Joe signed the bill.

OrangeAfroMan

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Re: How do you think the US economy is doing right now?
« Reply #353 on: August 11, 2024, 06:46:50 PM »
It's true, but there were a lot of unknowns, and the gov't erred on the side of people possibly having too much rather than too little.

I tend to give the imperfections of the covid and post-covid decision-making a pass, as it was unprecedented for all involved.
No, that does not include Trump poo-pooing it, suggesting it would just "go away."  His ignorance caused a lot of deaths.
But Fauci should have specified wanting masks for front-line workers.  You have to trust the masses there with transparency, even though the masses are shaved apes and would have horded masks regardless.
The CDC should have been telling the gov't what to do and not the other way around.
I understand if we went a little overboard with the mask mandates and school closures, but closing outdoor spaces like beaches and parks was asinine and ignorant. 
Shit, to this day, I see people driving alone in a car with a mask on.  There's too careful, there's ignorant, and then there's stupid.
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Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #354 on: August 12, 2024, 06:46:08 AM »
The executive branch and government policy ABSOLUTELY impact inflation.  It’s called fiscal policy. Not only how much to tax, or reduce taxes, but also how much to spend, and more importantly- WHAT to spend it on. 

Monetary policy is the central bank’s/Federal reserve responsibility and CAN BE influenced by the executive branch.

Biden and Congress DO NOT get a pass for the inflation that they strongly contributed to- well after Covid   

This is where decisions that are much more social have such impact. Entitlement programs, or things that are “green“ all have a major impact.

« Last Edit: August 12, 2024, 07:05:49 AM by Honestbuckeye »
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Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #355 on: August 12, 2024, 06:51:21 AM »
It's true, but there were a lot of unknowns, and the gov't erred on the side of people possibly having too much rather than too little.

I tend to give the imperfections of the covid and post-covid decision-making a pass, as it was unprecedented for all involved.
No, that does not include Trump poo-pooing it, suggesting it would just "go away."  His ignorance caused a lot of deaths.
But Fauci should have specified wanting masks for front-line workers.  You have to trust the masses there with transparency, even though the masses are shaved apes and would have horded masks regardless.
The CDC should have been telling the gov't what to do and not the other way around.
I understand if we went a little overboard with the mask mandates and school closures, but closing outdoor spaces like beaches and parks was asinine and ignorant. 
Shit, to this day, I see people driving alone in a car with a mask on.  There's too careful, there's ignorant, and then there's stupid.
This false narrative “ Trumps ignorance “ caused deaths has been overwhelmingly proven false. You need to get with the times- that narrative was effective by the Dems and MSM to win the 2020 election. 
The repeated falsehoods about the vaccines, the effectiveness of the masks, why we have lockdowns, what medication’s work and don’t work, have all fallen apart like an undercooked cake. 
The hypocrisy was and still is stunning. Close down businesses that have never recovered or ever came back but allow marijuana stores to stay open massive riots and shipping Covid patients into old folks homes. Those are the things that caused not only a lot of deaths, but are now contributing to, so many of the economic problems that exist 

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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #356 on: August 12, 2024, 07:49:26 AM »
There is a brand new Costco in North Port.
54 minutes away.
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FearlessF

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Re: How do you think the US economy is doing right now?
« Reply #357 on: August 12, 2024, 07:59:02 AM »
At the height of the pandemic housing boom in May 2022, FirstKey Homes, an institutional landlord owned by private equity firm Cerberus, bought a three-bedroom house at 25080 Estrada Circle in Punta Gorda, Florida for $445,000.

After putting it on the market for rent in July 2022, taking it off the market, and putting it back on the market at a lower asking rent, FirstKey Homes decided to put the rental home for sale at $400,000 in February 2024.

Fast-forward to July 2024, and the home is still currently for sale, having seen its price cut six times to $336,000. If it sells for that amount, it would represent a 25% decline from its May 2022 purchase.

While national aggregate home price indices are hovering around all-time highs, some regional housing markets in states like Florida, Texas, and Louisiana are experiencing home price corrections. This includes the Punta Gorda metro area in Southwest Florida.


https://www.fastcompany.com/91170046/housing-market-florida-city-punta-gorda-hardest-hit-2008-bubble

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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #358 on: August 12, 2024, 08:01:54 AM »
25080 Estrada Circle in Punta Gorda
Burnt Store Village is weird. I would never buy in there.
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bayareabadger

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Re: How do you think the US economy is doing right now?
« Reply #359 on: August 12, 2024, 10:19:07 AM »
With a different admin, I do wonder what inflation would’ve looked like. There is basically no way it was going to be anything other than some degree of bad. So the question would be how much would a different admin shave off the high inflation already there. 

Temp430

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Re: How do you think the US economy is doing right now?
« Reply #360 on: August 12, 2024, 10:27:41 AM »
With a different admin, I do wonder what inflation would’ve looked like. There is basically no way it was going to be anything other than some degree of bad. So the question would be how much would a different admin shave off the high inflation already there.
Without the $1.9 trillion 2021 American Rescue Plan potlach and the $1.2 trillion 2022 Inflation Reduction Act is quite likely the inflation would never have happened.  VP Harris had the tie breaking votes on both of those bills in the Senate.
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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #361 on: August 12, 2024, 10:37:56 AM »
Without the $1.9 trillion 2021 American Rescue Plan potlach and the $1.2 trillion 2022 Inflation Reduction Act is quite likely the inflation would never have happened.  VP Harris had the tie breaking votes on both of those bills in the Senate.
Correct.

Neither of those bills were needed, and here we are.

But just remember, we were told by this administration that inflation would be transitory.
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betarhoalphadelta

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Re: How do you think the US economy is doing right now?
« Reply #362 on: August 12, 2024, 10:49:30 AM »
Without the $1.9 trillion 2021 American Rescue Plan potlach and the $1.2 trillion 2022 Inflation Reduction Act is quite likely the inflation would never have happened.  VP Harris had the tie breaking votes on both of those bills in the Senate.
Here's where the question becomes one of imagination, though...

Do you think if 45 remained in office, we wouldn't have had massive fiscal stimulus? I personally think we would have. The names of the bills might have changed, and maybe a lot of the priorities for that spending would be different. But I think we'd still have had a hell of a lot of spending. 

After all, pretty much every other country did it

Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #363 on: August 12, 2024, 11:00:30 AM »
The thing is that legislation was bragged about and pushed hard.

They own the good and the bad of it.


They just don’t want to “man up” and own it
Get your facts first, then you can distort them as you please.
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