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Topic: In other news ...

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847badgerfan

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Re: In other news ...
« Reply #15204 on: April 01, 2022, 01:02:17 PM »
That makes sense. Insurance companies have been taking a bath coming out of the pandemic as they projected somewhat poorly.

And Florida is a mess of a state for insurance, so I imagine that just doubles down.
How so? I've not noticed any changes, except it costs more to insure the house due to hurricanes. Auto is about the same as where I came from, as is marine.
U RAH RAH! WIS CON SIN!

Mdot21

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Re: In other news ...
« Reply #15205 on: April 01, 2022, 01:03:17 PM »

It’s more than just one bad day for the White House. Biden visiting the troops in Poland was supposed to be the good, needed optic as bulwark against all the talk of rising gas prices and supply shortages.

Instead, the White House (Ron Klain?) has to walk back two (or three?) more Biden gaffes; these “gaffes” turning into a weekly thing. All erupting into a fiercer round of 25th Amendment discussion.

Compound that with certain pillars of the media - Washington Post, NY Times, CNN - running with the Hunter Biden story in unison.

Fringe media figures that I admittedly tune into are theorizing whether “the real powers that be” are laying the ground work for Biden’s eventual removal due to how much of a “liability” he is becoming, having reached an unsalvagable tipping point last weekend.
this all day long. 

WaPo, NY Times, CNN, FB/Twitter pushed propaganda and tried censoring and shutting down the Hunter Biden story. Now all of a sudden they are all over it. It was OBVIOUSLY true and a worthwhile story back then. Why now all of a sudden are they running with it? Things that make you go hmmmm....

847badgerfan

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Re: In other news ...
« Reply #15206 on: April 01, 2022, 01:03:24 PM »
I would not have lasted as long as her with a boss like she had. In fact, I'm not sure I would have lasted until lunch.

Jen Psaki to Exit as White House Spokesperson for MSNBC Gig Next Month
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Mdot21

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Re: In other news ...
« Reply #15207 on: April 01, 2022, 01:04:06 PM »
I would not have lasted as long as her with a boss like she had. In fact, I'm not sure I would have lasted until lunch.

Jen Psaki to Exit as White House Spokesperson for MSNBC Gig Next Month
very predictable. 

Honestbuckeye

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Re: In other news ...
« Reply #15208 on: April 01, 2022, 01:15:54 PM »
That makes sense. Insurance companies have been taking a bath coming out of the pandemic as they projected somewhat poorly.

And Florida is a mess of a state for insurance, so I imagine that just doubles down.
Living here in Florida, and being in charge of our banks Insurance area- somehow I didn’t know it was a “mess of a state.”.   How so?
Get your facts first, then you can distort them as you please.
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Mdot21

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Re: In other news ...
« Reply #15209 on: April 01, 2022, 01:17:30 PM »
That makes sense. Insurance companies have been taking a bath coming out of the pandemic as they projected somewhat poorly.

And Florida is a mess of a state for insurance, so I imagine that just doubles down.
Yeah and California is a f***king peach, eazy peazy for that, huh? :043:

Florida has no state or city income taxes and it's effective property tax rate is 26th in the nation at .89%. Which means people keep more of the money they make and their property taxes are middle of the pack in comparison to the other 50 states. California is 8 spots lower at 34th at .70%. But the vast differences in state income and sales taxes eats in a hurry what little minuscule .19% is saved in effective property tax.

Even if insurance costs are a little bit higher, you're way better off in Florida as you pay no state or city income taxes. California state income taxes are f**king ridiculous not to mention city sales taxes in places like LA and San Fransisco are around 9-10%. F**king ridiculous. Sales tax in Florida is 6-7% depending on where you're at.

Cincydawg

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Re: In other news ...
« Reply #15210 on: April 01, 2022, 01:20:53 PM »
The news is mostly basic facts.  Typical stuff covered in the national news:

What politicians said - all basic facts.
What the stock market did - basic fact.
Something about weather - basic fact.
Something about some event somewhere - basic fact.
What some foreign leader said or did - basic fact.

How they shape how the news is seen is a separate issue that can be compensated for by reading several news sites.

Mdot21

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Re: In other news ...
« Reply #15211 on: April 01, 2022, 01:24:15 PM »
The US economy has been expanding rapidly by about any metric one wishes to use.  I have a real fear that is about to reverse.

The unemployment rate is quite low as well.  Anyone can pick this or that metric to show good or bad times often as not.  And of course the GDP growth rates reflect a recovery from the COVID recession, not really much else.

For all of 2021, the nation’s gross domestic product — its total output of goods and services — jumped by 5.7%, the fastest calendar-year growth since a 7.2% surge in 1984 in the aftermath of a brutal recession.
GDP and GDP growth rates and unemployment rate don't even come close to painting an accurate picture of an actual functioning economy. It's silly they are even used. 

Kinda funny....almost as if that "booming" economy has been great for billionaires, millionaires, and corporations making record profits- but has been a disaster for the vast majority of hundred plus million working class people and their families who are being fleeced with ever-increasing prices for healthcare, housing, energy, transportation, food, and everything else it costs...to you know....actually live.

Cincydawg

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Re: In other news ...
« Reply #15212 on: April 01, 2022, 01:32:04 PM »
GDP and GDP growth rates and unemployment rate don't even come close to painting an accurate picture of an actual functioning economy. It's silly they are even used.

Kinda funny....almost as if that "booming" economy has been great for billionaires, millionaires, and corporations making record profits- but has been a disaster for the vast majority of hundred plus million working class people and their families who are being fleeced with ever-increasing prices for healthcare, housing, energy, transportation, food, and everything else it costs...to you know....actually live.
A basic definition of a "booming economy" is where GDP growth is at or near historical highs.  And that may be quite different from what is a "great economy", which one could define differently using other metrics.

But a "booming economy" is pretty singularly associated with real GDP growth.  Period.

Mdot21

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Re: In other news ...
« Reply #15213 on: April 01, 2022, 01:39:29 PM »
A basic definition of a "booming economy" is where GDP growth is at or near historical highs.  And that may be quite different from what is a "great economy", which one could define differently using other metrics.

But a "booming economy" is pretty singularly associated with real GDP growth.  Period.
A "booming economy" is one where average, working, middle class people are flush with extra disposable income and can save money or invest in other things- instead of having to live paycheck to paycheck, take on massive amounts of debt just to maintain standards of living, and are getting crushed by inflation. 

GDP growth rates where virtually all the gains go to a very small percentage and low unemployment rates where too many of those employed are people are working bullsh&t gig-economy jobs or not being paid a living wage- people being paid enough to live without having to take on massive amounts of debts or get government assistance- is not a "booming" economy. 

Cincydawg

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Re: In other news ...
« Reply #15214 on: April 01, 2022, 01:40:38 PM »
Hilarious.

Mdot21

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Re: In other news ...
« Reply #15215 on: April 01, 2022, 02:48:50 PM »
Hilarious.
it's not hilarious. it's actually very sad and very dire. and unfortunately there may be no way out. standards of living have been going nowhere but down for most for the last four decades. the middle class has been crushed, squeezed, and hollowed out for the last four decades. and it just gets worse every year.

Average CEO pay has increased 1,322% since 1978, meanwhile the average workers pay has increased only 12% during that same time frame. CEO's from Fortune 500 companies on average are paid over 350x what an average worker is paid today. Throughout the 1960s and 1970s- that number was around 20-40x. Tim Cook of Apple for example- last year just raked in just under 1,500x what an average Apple employee makes. No one is worth that kind of scratch. 80% of companies that make up the S&P 500 pay their CEO's at least more than 100 times more than they pay their median worker.

The neoliberal policies of the boomers- aka the worst generation ever- have committed generational plunder. They've bastardized the nations economy, have repeatedly cut their own taxes, financed countless and endless wars with deficits, pressed for complete banking/finance deregulation which caused the worst crash since the great depression in 2008, completely mismanaged a pandemic and the response to said pandemic, presided over the destruction of the labor movement and the death of America’s manufacturing core, and left future generations to clean up the messes they created.

what is hilarious-  is that it's the old and crusty who have lead America down this path of denigration- really kicking things off in the 1980s- and the "boomers" aka the worst generation ever- are too naive, full of themselves, stupid, and out of touch to see reality. they inherited a literal empire and lead it down a path of decay, bastardization, and destruction. They inherited a rich, dynamic country and have gradually bankrupted it and slowly morphed it into a rapacious repugnant oligarchy where wealth inequality levels are commiserate with corrupt and poor developing nations. Richest country on the face of the planet, yet largest wealth and income inequality gap in the history of the country and worst income and wealth inequality of any developed nation on planet earth.

Cincydawg

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Re: In other news ...
« Reply #15216 on: April 01, 2022, 02:55:19 PM »
A booming economy may not be in all respects a great economy, as I noted.  It may have issues.  But, if GDP is growing by leaps and bounds, it's a booming economy.

This isn't difficult, it's simple terminology.

longhorn320

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Re: In other news ...
« Reply #15217 on: April 01, 2022, 03:01:12 PM »
A booming economy may not be in all respects a great economy, as I noted.  It may have issues.  But, if GDP is growing by leaps and bounds, it's a booming economy.

This isn't difficult, it's simple terminology.
are you actually saying we have a booming economy
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