Who would've known that the debt fear mongering tools @Invisible Fan have no idea what they're talking about. Repeat after me. Deficit spending is very based if spent the right way.
Quoting the MMT brained shill has a teeny tiny bit of confirmation bias, but at least she knows where 2023's miraculous economy came from. It doesn't disprove what I've written but whatever.
Nah, that snippet of Demon stated possible reasons for the recovery like I did to another of your low effort tweets, which you didn't reply to... https://bbs.clutchfans.net/threads/its-a-matter-of-bidenomics.320222/page-60#post-15001840* Kelton ran with it and editorialized the "Without the huge jump in the deficit in 2023, that hurricane might actually have wiped us out." You may have a parsing deficiency similar to the other emotionally challenged groupthinker lording around here. BTW, 5 Trillion only accounts for covid related stimulus. It doesn't account for the trillions in infra Congress approved where the verdict of the results will be seen for years beyond 2024. The bigger issue is whether the 80% increase of the national deficit over the last 8 years is a "one-off" thing or whether the hemorrhaging will continue. That's not a year by year scoreboard via GDP and economic numbers most Americans don't give a **** about. What they give a **** about is Cost of Living: food prices, gas prices, rent prices, maybe childcare or tuition costs. And if they're lucky to own asset classes, then maybe they're allowed to feel rich even if they're indebted with minimum credit payments or live paycheck to paycheck. That's a sizable voting block of America right now.
roflmao the Economics illiterate comparing himself to Jamie Dimon, who has forgotten more about economics that Invisible will ever learn. Jamie has not been perfect; he had been dismissive of the Bidenomics programs such as infrastructure, CHIP and BBB. this was a classic case of Invisible cutting n pasting disjointing assertions/claims , https://bbs.clutchfans.net/threads/its-a-matter-of-bidenomics.320222/page-60#post-15001840*, unable / unable to provide economic reasoning. while Jamie Dimon and I hold different views on Gov Spending. unlike the economic illiterate, he has been able to provide his economic/financial basis in support of his opinions. I tend to agree more with Warren Buffett, who has accomplished more than Jamie. Buffett is for Bidenomics and has been a life-long opponent of tax loopholes.
There is an extreme belief, ranging from the Fed is in absolute control (MMT nutters like Adoo) or the whole system is in a whirlwind ready to collapse (Jeff Snyder). Obviously there is a middle ground. The plane analogy is terrible TBH. There is no clear definition that constitutes a soft landing. Those who thought the plane was nose diving into a crash are obviously wrong, but its a silly to think the soft landing has already occurred considering talk of rate cuts are forth coming. The reality is global calamity appears to be stable at the moment. The all-in war mongers are now starting to give up on Ukraine and the middle east fiasco is not out of control. The cynic side of me believes its an election year and the current administration is doing everything it can to keep everything stable. I am more of Lyn Alden camp of bouts of high inflation for the remainder of the decade. Deficit spending problem is not going away and just because the house isn't fully ablaze doesn't mean the embers are fully extinguished.
Definitely that. Trump deficit spent on his Strong Economy before masking was a thing here, so this could be a new normal until rates increase from an unwillingness buy or an inability to sell Treasuries. So I can't fully blame them since MAGA folks still have a good chance of winning, though Biden's polling numbers are not reflecting 2023's Strong Economy nor are they rewarding his Bidenomics efforts right now. Clearly I'm not the only one unwilling to buy the cheerleading efforts
You have no idea what you're talking about. The only reason texas didn't suffer from massive blackouts last year cuz of advanced battery storage. Long duration battery storage is the key to net zero. The Biden folks have made that their entire mission. There's certain sectors in usa which is ideal for solar (Arizona, Texas, NM) and if we can properly store energy and build a better connected grid it will solve all of our problems
What does biden have to do with long duration battery's? Do you know anything about long duration battery's or battery's in general? Do you understand how the grid works and how load management works? What does biden have to do with it?
If Texas didn't stock up on battery's last month we'd be having a massive blackout in Houston this week. You're effin clueless @Space Ghost . Battery's are the most important component of the energy transition. Everything revolves around them
I hear that Reacher is coming for you like what he did to those boy rapists outside of Baghdad. Be afraid, be very affaid.
