it's important to factor in the fact that Wait until the Fed starts to cut rates; its rate-cut announcement is expected to be ~~ 2PM EST today !
Ya know, the maga gop can lie about how bad everything is but in reality, what Joe and Kamala did with what they had to work with is remarkable, sure they had some bad moments like Afghanistan but overall they will go down as a great team. The economy is starting to come in for a soft landing and while I don't think some prices will ever be where they were, but that's just natural. I get that prices at HEB are higher and when people say "I was better off 4 years ago" I say hell, I wish gas was still under 2 bucks like it was back in the day, its simply not reality.
MAGA claims they can’t afford anything, yet they somehow have money to travel to rallies and money to get scammed and played for fools 24/7 unfortunately, Dems always have to clean up the republican mess as they get handed a shattered and destroyed economy like what Bush handed Obama and what Trump handed Biden…imagine Trump ever getting us out of the mess that was the Covid economy a lot of the high prices are blatant price gouging by greedy corporations…Kamala wants to combat that by banning price gouging while Trump wants to impose massive tariffs on imported goods
transitioning Bidenomics to Kamala-omics Harris wants to give a $6,000 tax credit to parents of newborns. Harris to propose up to $25K in down-payment support for 1st-time homebuyers Harris proposing to ban price gouging
Not that this has anything to do with prices, but Saturday my wife and I were shopping at a place call Fresh Market. don't know if they are in Texas. but I would equate it to a smaller Whole foods. Anyway, all we seemed to see were Instacart shoppers, we even commented on it after shopping. All i'm saying is grocery costs must not be that bad, if you can afford the expense of having someone else do it for you. PS I will NEVER have anyone purchase a steak for me. I'm sure they would pick out the one with Blueskin, Sinue, and grizzle
The US has filed a lawsuit against Visa, accusing the financial giant of illegally stifling competition to maintain a monopoly over the debit card market. Should Kamals win the presidential election, this case will be tried in her first year in office Should the 78-year old convicted felon win, most probably, this case will be dropped
Trump has been the only president to have experience a net loss in job creation, lost > 2 million jobs. he could not pass the infrastructur bill, despite having a GOP-controlled congress Biden signed in to law bills (infrastucture bill, CHIP act, Build Back better, etc that created many jobs, so far 16 millions jobs; avg > 100K job gain every month in office for 43 consecutive months.
You are fully aware that the jobs "lost" during the Trump administration were from COVID lockdowns and the jobs "gained" during the Biden administration were largely rehires from the COVID lockdowns. No one takes these talking points seriously. I can tell you that both Trump and Biden supported massive government spending that has made inflation outpace the income of many Americans, myself included, so that we are worse off in 2024 than we were in 2019.
Even with COVId the unemployment rate is less under Biden and which would mean that there was an increase in employment even factoring in COVID. Inflation has dropped significantly and if we are considering COVID should factor in supply chain disruptions to the spike in inflation.
S the dizzying height of willful ignorance. Trump lost 2 million jobs; so far, in 3.5 yrs, Biden has gained >16 million jobs ur are fully aware that many jobs (low skilled service workers) lost during Trump most of the jobs created by Biden resulted from the passage of build back better CHIP act Infrastructure Act whic require higher skilled workers had Trump bother to put on a plan to pass the infrastucture bill, tops on his campaign agenda, he would have it passed easily, which would have gain several millions jobs
Why does Consumer Sentiment hate Trump? Bloomberg: US Consumer Sentiment Rises to Five-Month High on Economy Views University of Michigan final September sentiment at 70.1 Short-term inflation views fell to 2.7%, lowest since 2020 Consumers expect prices to rise at an annual rate of 2.7% over the next year, the lowest since the end of 2020 and down from the 2.8% expected last month. They saw inflation rising 3.1% over the next five to 10 years.
This is something that was predicted months ago that there is a lag in perception of the economy versus actual performance.
Harris has been very fortunate lately with consumer sentiment and confidence. Very good timing in improvement and enough time for the positivity to settle into voters's heads
Dow Sets a Record as Wall Street Drifts to the Finish of Another Winning Week this is the 31th time, in 2024, that the DOW has set an all-time high
