Automaker GM's magic eight ball says Trump wins in 2024 so their 2024 2025 outlook is off the charts good!!! I am sure that makes sense to the One Man Crime Wave and isn't that what is really important?
I'm not missing anything. You keep making up talking points that have no facts behind it. You claim health insurance was cheaper then but when called out about it you provide zero evidence. You claim folks are working as independent contractors but job satisfaction and unemployment and workforce participation for adults is at record high Your entire argument is based off vibes and nothing factual. You keep talking about housing but home ownership rates right now are equivalent to the 1990s. You havnt made a single point why it was better then versus now. You post zero facts to backup anything. It's all vibes based
Everyone should invest in nuclear. Greens are great, but the sun doesn't shine 24/7, and the wind isn't constant. Battery storage is expensive and has its own problems (raw materials, cost, etc.). Nuclear can bridge the gap. Environmentalists against nuclear but advocating for climate change action ... not very realistic or practical.
stupidity is repeating the same thing and hope for a different result even when Orange man was president, he had be warned that tariffs never work, invariably, hurting every economy.. the most vivid eg has been the Smoot–Hawley Tariff Act in 1930, worsening the US economy, which led to the Great Depression.
What you're missing is that your claim isn't one against what things were like 4 or 6 years ago but what they were like for all of history. That's an absolutist statement. I cited my own personal experience. Now you can doubt that but it is an absolute fact that health insurance was much cheaper in the past than it was now. Section 1: Cost of Health Insurance - 10020 | KFF And on top of that health care costs have been rising too and higher than inflation. How has U.S. spending on healthcare changed over time? - Peterson-KFF Health System Tracker The number of people working as independent contractor isn't the same as job satisfaction and I asked you for evidence on that but will supply it. According to this site it is 31.9 million which is a 15.8 million increase from 2020. While yes job satisfaction is high and is the highest by 1% point over 1967. Right there if it's equivalent would mean that it's not the best ever. Further right now it's the highest. US Historical Homeownership Rate: 1890 to 2024 - DQYDJ As in 2004 it was 69% where as now it's 66%. Again very good but not the highest. One of the important things to remember though is that homeownership in the 60's and 70's was consistently in the low 60% but that was when most households were single earners. As a measure of quality of life being able to afford a house with a single salary had many advantages towards a two earner household as weve seen in the last 30 years. I've provided you with more than vibes now but we can further look at another accumulator stat, the quality of life index. According to this the US saw a decline of quality of life from a ranking of 14th in 2014 when the first index was published to 28th in 2020. It has since recovered to 20th in the latest but that is still lower than in 2014. So under those measures it's objectively not the best it's ever been. Now I will agree with you that things have improved quite a bit in the last few years. I don't think though absolutist rhetoric is particularly helpful.
Is this Bidenomics or Biden's Tough on China approach labeled as "smarter and more strategic" when he's running with what Trump initially started? https://www.axios.com/2024/01/05/biden-keep-many-trump-china-tariffs Biden preparing to keep many of Trump's China tariffs The Biden administration is moving toward keeping many of former President Trump's controversial tariffs on some $300 billion in Chinese imports in place, and aims to increase duties on electric vehicles and some critical minerals, three sources familiar with the matter tell Axios. Why it matters: In his bid for re-election, President Bidenwants to put his stamp on Trump's tariffs and make the case that his approach is smarter and more strategic. He also wants to show a tough stance toward China to undermine any attempts by Trump to cast Biden as "soft" on the Asian powerhouse, as Trump did in 2020. Zoom in: Biden administration officials are still considering whether to pair higher duties on EVs and critical minerals, such as cobalt and lithium, with lower tariffs on some consumer goods. Either way, the total amount of the Chinese imports subject to the so-called 301 tariffs, named after a section in the Trade Act of 1974, would stay roughly in the $300 billion range. Biden hasn't made a final decision, but an announcement is expected in the coming weeks, the sources said. "The administration continues to conduct its statutory review of Section 301 tariffs on Chinese products," said a National Security Council spokesperson, referring to a process that began in May of 2022. "No decision has been made and any reporting at this stage is conjecture." A spokesperson for the United States Trade Representative declined to comment. Zoom out: Three years into his presidency, Biden is still fine-tuning his approach to China, insisting that he doesn't want to "de-couple" the two economies while preserving his ability to prevent China from gaining a military advantage in critical areas. In Congress, he's pursued an aggressive industrial policy, with a $280 billion chips bill and green energy tax credits in the Inflation Adjustment Act. The goal is to bring many supply chains closer to home. At the same time, Biden has imposed export controls on U.S.-made advanced semiconductors and chip-making equipment destined for China — and urged allies to do the same. With an executive order he also set new restrictions on outbound investment for China's semiconductor, artificial intelligence and quantum computing industries. After meeting with President Xi Jinping on the sidelines of the APEC summit in November, Biden said the talks were "the most constructive and productive discussions we've had," claiming progress on combating fentanyl and climate change. The two leaders also worked to restore military-to-military communications between the U.S. and China. Between the lines: Throughout 2022, with inflation raging, the Biden administration debated lowering tariffs on Chinese goods to help cut inflation on consumer goods such as bicycles and men's underwear. Labor unions publicly pressured Biden to keep Trump's tariffs in place, putting him on notice that they were watching him closely on the issue. Ultimately Biden decided against making specific reductions and instead left the fate of Trump's Section 301 tariffs to a required four-year review. That process was expected to conclude by the end of 2023, but isn't done. Business groups have called for Biden to move faster. What we're watching: Even though inflation is easing, Biden is still considering lower duties on some consumer goods. Besides EVs, Biden also is considering higher tariffs on solar panels and EV battery packs from China, the Wall Street Journal reported. The bottom line: Most of Trump's tariffs on China are likely to survive Biden's presidency.
The economy is at a better place right now than any pre pandemic projection....meaning when trump was president no projection for no investment bank had the gdp at the place where it is now... Austerity is a scam
This isn’t new policy as he came into office keeping tariffs on about of PRC products. Biden definitely isn’t a free trader and he might be more protectionists than Trump. One big difference though is that while he’s kept many Trump trade policies in place he’s also put in a lot of programs and funding to build up US manufacturing and development which Trump didn’t do.
Talking points like tariffs destroying the economy won't work on the average voter when talking heads are calling doom and idiocy for the same policies Biden keeps and is extending. Even the IRA has been criticized by our primary allies for being too America First, while Biden boosters high five each other for eating the euros lunches. The fight for labor and flyover folk is real. The media is more than lazy to feed from the trough of old neoliberal experts when the same spirit and execution of Trump/Biden policies expose them for cherry picking a partisan scoreboard.
So, from this article, it sounds like he is going to keep the total tariffs at $300B, mainly due to pressure from US Labor Unions, but potentially shift the tariffs. There would be less on consumer goods, and more (or new tariffs) on green industries (EV, battery, solar) and some critical minerals. Besides this, the two acts (IRA and Infrastructure) passed have invested in chip plants in the US and green infrastructure in the US. He has also protected US high tech interests (export control on advanced computing). I would then say this is "smarter and more strategic" than just a blanket tariff that was more concentrated on consumer goods such as refrigerators and clothes.
' like the sources from which you cut n paste; blasting the Fed when it implements QE and basting the Fed again when it lessens the effect of QE, with the false narrative that it is wrecking its balance sheet
Nice deflection Hawley Smoot. You're the worst of the cherry pickers. You can't even reply without making **** up anymore. I've been living rent free for so long that you can't even think straight. Covid QE well after reopening added trillions to the Fed balance sheet. The Fed turned up a 100B+ loss for the first time because of the rate hikes whereas before they added 100B in remittance to the Treasury. 100B is now chump change for our mega deficits but it would help. The rate hikes weren't to lessen QE, rather 2022 inflation unseen since the 70s. The Fed doesn't raise rates that are double the year before to "lessen QE", otherwise they would have done it more often in previous QE since post GFC. This is the first time because they ****ed up keeping rates lower for longer on top of a historically generous mortgage origination/refi scheme to turbocharge large asset classes and make people who own them feel rich and spend more. At the other end, CARES I II and PPP turbocharged the middle and lower class consumer spending. Fed policy juiced up housing and stocks. Biden can declare victory right now for this year's inflation levels but the wage growth won't mean squat if prospective homeowners are priced out from 2022 housing prices/rent. No wonder Biden's doing **** among younger voters, but keep copying and pasting select words thinking you've won. I'll enable your OCD when I feel sorry for you,
Nobel prize winner in economics, Milton Friendman has often been referred to as the last true conservative, quintessential free-trader. he has been against tariffs,
corroborating my unspoken words, the dizzying height of willful ignorance, just as willfully ignorant as your prior false claim that the Great Depression recovered faster than the recovery from COVID shutdown facts are, it took 11 year to recover from the Great Depression, ~~~2.5 yrs for the COVID shutdown
