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It's a matter of Bidenomics!

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Jun 28, 2023.

  1. K9Texan

    K9Texan Member
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    The economy was doing well until Dr. Mengele, er, Fauci, and his Chinese goons unleashed a pandemic that killed millions and destroyed trillions in wealth.

    But that was a small price to pay to get the Washington Establishment candidate into office, right?
     
  2. K9Texan

    K9Texan Member
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    Thanks for sharing but the real rate of inflation is FAR higher than the corrupt Washington Establishment is reporting. Inflation has robbed my family of probably $1,000 a month. Grocery bills are astronomical.
     
  3. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    One of the greatest benefits of a Trump Administration will be reduced inflation. If we are serious about helping the middle and lower classes, then we must fight inflation. These groups are harmed the most, as rent, fuel, and groceries get more expensive. Home ownership is out of reach for many, as interest rates are high.

    Biden is spending money at an obscene rate. This is counteracting what the Fed is trying to do (tamp down inflation). Which is why rates will now stay higher for longer. Thus keeping home ownership out of reach for millions of American families. It's a vicious circle that bad policy from Biden has created.
     
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  4. Xopher

    Xopher Member
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    Damn mom is charging you more money for her basement?
     
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  5. Xopher

    Xopher Member
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    Eat leas fatty
     
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  6. K9Texan

    K9Texan Member
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    All directed by Obama and the rest of the Washington Establishment. Biden isn't deciding anything.
     
  7. adoo

    adoo Member

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    this quack took the pandemic lightly
    on the other hand, the countries / entities that border China, Singapore, HK, Taiwan, Korea. Viet Nam, took the pandemic seriously, and fared much better than the US insofar as navigating the spread of COVID

     
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  8. adoo

    adoo Member

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    ROCKSS and astros123 like this.
  9. astros123

    astros123 Member

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    Imagine if this was happening under trump. He'd be at the construction sites every day bragging non stop. The libertarians @Space Ghost would be worshipping him.

    @Salvy @El_Conquistador these donkeys claim trump is going "save America" even though the manufacturing boom is happening cuz of biden.
     
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  10. astros123

    astros123 Member

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    There's private hedge funds that calculate inflation using consumer data that wall street uses and their offical inflation rate is lower



    You're just a lying dumb moron. Leave your moms basement
     
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  11. astros123

    astros123 Member

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    biden regime just won the first ever monopoly case against private equity in history of country @Space Ghost

    Anesthesia prices will be dropping in Houston market cuz of this
     
  12. astros123

    astros123 Member

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  13. Salvy

    Salvy Member

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  14. astros123

    astros123 Member

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    Yeah dipshit tariffs without subsidies is dumb policy. Every tariff that biden put on China today also has targeted subsidies to go alongside. Slapping tariffs without subsidizing products to be made here is dumb and doesn't work

    Its just fascinating how utterly braindead stupid you MAGATs truly are
     
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  15. Space Ghost

    Space Ghost Member

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    I do agree with this. No subsidy should be going overseas, even if it's economical beneficial.
     
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  16. Space Ghost

    Space Ghost Member

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    Waaaaa waitttt. Are you just now figuring out the millions you made is frough with corruption?
     
  17. astros123

    astros123 Member

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    All the subsidies that were put in place by biden admin has strict made in America rules. Tesla doesn't get any money from uncle Sam as long as they source any of their parts from outside of America. The battery, critical minerals, manufacturing all has to be done in America which is why putting tariffs on China makes sense.

    It's just so amazing how the median American @Salvy is dumb as **** when it comes to policy. Nobody has a clue what the government is doing
     
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  18. adoo

    adoo Member

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    in the process, Bidenomics has disproved some outdated generally accepted economic / wall street dogmas

    1. in the pre-Bidenomics days, economists used phillips curve to depict the stable / inverse relationship between inflation and unemployment
      • remember in late 2022, Russian's Ukraine invasion led to rising inflation, which rose above 9% in Jun 2022.
        • some economists were predicting a category 5 economic hurricane, a recession that is.
      • while unemployment continue to go lower, so did inflation; no recession, as GDP just keep on climbing.
    1. many wall street professionals have been predicting for a recession, citing the inverted yield curve, when the yield on short term bonds are higher than the 10-yield bonds
      • historically, the inverted yield precedes recession by a quarter or so.
      • under biden's watch, the yield curve has been inverted for 18 months
        • all the stock markets have been rising, w the NASDAQ at its all-time high
          • in recent weeks, the industrial/raw material/air line stocks have been rising
            • indication of a start of a new business cycle, another pop ?
     
    #2218 adoo, May 14, 2024
    Last edited: May 14, 2024
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  19. Space Ghost

    Space Ghost Member

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    It musk be tough knowing elons companies are soaking up almost all the ev subsidies while he openly mock Biden.

    Meanwhile. #1 ev maker in America led by Mary Barra is baffling the world by selling the most EVs while not producing any at all.
     
  20. astros123

    astros123 Member

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    Have you asked @Invisible Fan
     

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