I don't know why this splits with Trump because I don't think Trump is any different in portraying the economy to benefit his campaigning from most especially Republican politicians
yea, don't know I'm guessing it's a combination of a) a cultish and extreme attitude toward him and b) he's good at marketing his brand - an awesome businessman who knows what he's doing and is great for the economy
as posted by astros123, this is the BIGGEST pro-labor ruling in 5 decades this ruling has paved the way to the UAW-Ford settlement; and now this development GM, Stellantis Agree to 25% UAW Pay Hike as Sides Near Deal
@Salvy if you had a brain you would know how to capitalize on this as a real estate agent...this is a game changer
I actually read the whole thing and don't see any way on how I could capitalize on it neither as a real estate agent or as an investor. They are basically trying to move people away from buying a normal 1-4 bedroom residential property which at the moment have insane interest rates and offering better rates for people to move into commercial properties fitted for residential use. This is good for big time commercial investors, the government of course and people who don't mind not owning and just renting and or living in highly populated areas close to their office. Takes away people from purchasing homes which could become a disruptor in the housing market. Either way I'm not worried about it, doubt they can turn this into an actual working program. I say its scrapped in a year or two.
So hear me out. The top 1% got their panties in a wad ... and fear mongered the economy and stock market. Stock market went negative ... becoming a self fulfilling prophesy. The top 1% lost money on their investments and think the economy/stock market is in the shitter ... self reinforced feedback loop. The 1% are less rich and are less likely to spend their money as freely. The top 1% blame Biden ... something something He's Too Old something something Socialism something something. It is their own damn fault. How the long-awaited recession became a ‘richcession’ for America’s wealthy Sticky inflation, white-collar layoffs, and surging interest rates are all putting pressure on a certain type of American — higher-income earners. “What we normally see in an economic recession is that lower- and moderate-income households really bear the brunt of it in terms of job losses and financial hardships,” said Greg McBride, senior financial analyst at Bankrate.com. “We haven’t seen that.“ The stock market, a source of wealth for the rich, struggled in 2022. The S&P 500 sank more than 19%. The same year, 1.8 million Americans lost their millionaire status, according to UBS’ 2023 Global Wealth Survey. Despite the stock market’s summer rally in 2023, the U.S. economy still faces several headwinds. Bank of America’s Consumer Checkpoint Survey for September 2023 found that high-income households have become more pessimistic about the economy. The same group also appears more cautious about spending because of soft wage growth and slowing job creation for high earners.
The USA is literally ******** on every other country and spiking the football and we have "libertarians" who want to tell us how the economy is somehow bad @Space Ghost Utterly brainwashed
I've never understood why more affordable housing isn't built near mass transit? Why is it always upscale condos that get built by transit centers when in reality the people who benefit the most from mass transit is low to middle income folks.
In Houston in particular its because of gentrification. Where poor people are being moved out to, mass transit is structurally limited but Houston is unique in being so spread out, however in general gentrification is probably an issue in most major cities as its happening everywhere
The economy isn't bad, it is just worse for me than it was in 2019. I make less now adjusting for inflation than I did then. Some people make more now. The sectors with large government investment are doing better. So, there are winners and losers in the economy. I am not in favor of the government putting its thumb on the scale.
The only reason why China has 20% youth unemployment and why America has less than 3.3% grad school unemployment is because of government spending. China's XI is a boomer who believes in austerity and its destroying the chinnese economy. It's just so funny hearing people talking about how American empire is collapsing lol. Who exactly is going take over USA? LOL china has more vacant apartments than the entire housing population of china. The USA with all of its flaws is by far the world's superpower and its not even close
roflmao, this coming from one who wants Gov't to cut taxes, putting its thumb on the scale to favor the upper 1%, parroting the convenient lie that the upper 1 % pay most of the taxes. no better eg of the Gov putting the thumb on the scale than the recent Trump tax cut lowering the highest tax rate and eliminating the alternative minimum tax. to pay for this loss in tax revenue, GOP lawmakers punished the middle class capping the tax deducton for mortgages eliminating the SALT deduction the irony is rich
