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Message
re: Stolen from Democratic Underground
Posted on 10/26/23 at 9:40 am to RoosterCogburn585
Posted on 10/26/23 at 9:40 am to RoosterCogburn585
quote:
"Thanks a lot Biden
for destroying GOP's hopes for a recession.
Jobs and wages are great. GDP is great. But conservatives are stuck on inflation and gas prices."
It's almost as if they don't understand how an economy works....
Translation to reality; Jobs and wages are cooked numbers and nowhere near keep up with the rise in COL due to inflation. Basically, we're happy as long as the numbers on a chart look good, even if that means real people in the real world are having to make due with a less valuable dollar to purchase the essentials.
0
Posted on 10/26/23 at 9:41 am to RoosterCogburn585
quote:they dont.
It's almost as if they don't understand how an economy works....
Posted on 10/26/23 at 9:43 am to Bunk Moreland
quote:
I can't believe Krugman actually posted this.
That's so intellectually dishonest by Krugman, idek where to begin. Sure Paul, just keep hacking off all of the pieces of the inflation data pie until the numbers say what you want them to.
Posted on 10/26/23 at 9:45 am to RoosterCogburn585
We already had one recession under his leadership. Are they hoping for another one?
Posted on 10/26/23 at 9:46 am to McLemore
quote:That was a Ted Cruz post, reacting to Krugman's idiocy
It’s a good thing nobody needs food, energy, shelter, or transportation.
Another point missed is that the Biden's "job growth" is all part time jobs + a few government jobs. Full time jobs are a net loss. So, people are working multiple jobs to pay for inflation.
Posted on 10/26/23 at 9:47 am to RoosterCogburn585
If inflation outstrips wage growth......who doesn't understand economics?
Posted on 10/26/23 at 9:49 am to RoosterCogburn585
quote:
"Thanks a lot Biden
for destroying GOP's hopes for a recession.
Jobs and wages are great. GDP is great. But conservatives are stuck on inflation and gas prices."
It's almost as if they don't understand how an economy works....
I am no economist, but both inflation and fuel cost have huge impacts on us. Increased fuel cost are passed onto consumers. Most everything is shipped, flown, or driven to the market place. Your "great" wages buy less and less due to inflation. Smh... Inflation and gas prices are pretty damn good things to be "stuck on".
Posted on 10/26/23 at 9:49 am to RoosterCogburn585
Mr. Joe Sixpack doesn't care about GDP or monthly job numbers. What they care about is inflation and gas prices. Every day on their way into work they see the gas prices creeping up. Every weekend when they go to the store they see how they are spending more and getting less. The average American doesn't understand the big economic picture. What they understand is what they have in their pockets and bank accounts every two weeks.
This post was edited on 10/26/23 at 11:26 am
Posted on 10/26/23 at 9:50 am to RoosterCogburn585
quote:Oh boy, come 2Q 2024, that post might not age well.
for destroying GOP's hopes for a recession.
Posted on 10/26/23 at 9:53 am to RoosterCogburn585
They have no
Idea what they are talking about. Their world revolves around handouts.
Idea what they are talking about. Their world revolves around handouts.
Posted on 10/26/23 at 9:54 am to RoosterCogburn585
The media and politicians are going to try to convince the middle class they are thriving in this economy.
When a truck costs 70k.
When a truck costs 70k.
Posted on 10/26/23 at 9:59 am to Bunk Moreland
quote:
I can't believe Krugman actually posted this.
"Inflation doesn't look so bad when you remove inflation indicators from the equation."
Posted on 10/26/23 at 10:01 am to Bunk Moreland
quote:paid shill.
I can't believe Krugman actually posted this.
Posted on 10/26/23 at 10:11 am to ninthward
i bet 70% of 80 iq democrat voters do not know what GDP stands for!
Posted on 10/26/23 at 10:15 am to RoosterCogburn585
quote:
Jobs and wages are great
This coming from the same group that constantly cry about pay?
The Dow was at 35,6XX on August 1. It has fallen to 32,9XX today. Nasdaq was 14,3XX on August 1. It has free fallen to 12,7XX today. Sinking far into correction territory. Treasury yields are rising as investors flee to safe havens.
Earnings not looking that great…energy still high… inflation marching on.. buying power suppressed.. war… printing more money to hand to other countries…
Yea. Everything is freaking rosy.
Posted on 10/26/23 at 10:16 am to RoosterCogburn585
quote:
Jobs and wages are great. GDP is great.
In what fricking alternate universe do these people exist?
Sitting in their mom's basement, staring at a computer screen typing away with no job, no future and a patchy neck beard below their sides-shaved blue-dyed hair, talking about wages being great.
If these people lived in the real world and were actually trying to scrape out a living wage like the rest of us, they wouldn't have the time or energy to be posting in echo chambers about how great their Establishment gods are.
Posted on 10/26/23 at 10:17 am to Bunk Moreland
quote:
I can't believe Krugman actually posted this.
You mean the "Nobel Prize" winning economist that doesn't know a single fricking thing about real world economics?
I can.
Posted on 10/26/23 at 10:56 am to RoosterCogburn585
quote:
Jobs and wages are great
lies. they fix the numbers. how many stopped getting UI and quit looking for work. it was posted here the other day. a shite ton of those jobs are government jobs and garbage part time jobs in private sector working at wendy's and shite LOL. . we went through same shite under obama.
his labor participation has not eclipsed trump. as if this mfer is better than trump on energy and manufacturing jobs.
Posted on 10/26/23 at 10:59 am to WillyLoman
quote:
Just another person that saw the jobs number and didn't dig in to see that full time jobs dropped and part time jobs went up.
or what type of jobs they were like i laid out above.
Posted on 10/26/23 at 11:03 am to Undertow
quote:
My only solace is that my house note will be the same 25 years from now as it is right now. By then, the price of a loaf of bread might catch up with it.
Partially correct.
Insurance portion will continue to go up and the property tax portion as well.
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