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CDL and his right-wing cronies want to bamboozle everyone into believing the world has gone to shit.
inicky46 61 Reviews 37 reads
posted

Trouble is, we have full employment, wages are rising and inflation is easing. But it's nice to know CDL is worried about us millionaires. Don't worry. We're fine. If CDL hires a few more immigrants maybe he'll join us.

coeur-de-lion700 reads

under Biden.  The world lost 3,500,000 millionaires in 2022, according to CNN, a large chunk of them in the US.  Fucking the poor must have gotten boring, so Joe's failure to get his economic house in order is also screwing the rich.  Millionaires are dropping like flies.  As the US goes, so goes the world, and this is proof.  

 
Let's go, Brandon!!!

-- Modified on 8/16/2023 3:14:50 PM

Related Link: Biden's policies are fucking the rich, too . . . .

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impposter47 reads

CDL read the headline ONLY and not the rest of the article.
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(Alternate version: A patient escaped from the insane asylum, passed buy a laundromat, raped some of the women there, and then ran off. The headline in the local paper was "Nut screws washers and bolts.")  
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"Meanwhile, global median wealth, a more meaningful indicator of how the typical person is faring, actually rose 3% in 2022. In short, ****the average Joe got a bit of a boost**** and a bunch of millionaires and billionaires took a bath — a phenomenon some refer to as a “rich-cession.”  
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"... The combination — a boost for the median and a drain at the top — means ****inequality improved. Slightly, anyway.**** _____The top 1% of households still hold a staggering 44.5% of all global wealth____. That’s down just slightly from 45.6% in 2021. ..."
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"... Another silver lining: According to Credit Suisse projections, global wealth will rise 38% over the next five years, reaching $629 trillion by 2027. Crucially, that growth is likely to be led by middle-income countries. ..."

Posted By: coeur-de-lion

under Biden.  The world lost 3,500,000 millionaires in 2022, according to CNN, a large chunk of them in the US.  Fucking the poor must have gotten boring, so Joe's failure to get his economic house in order is also screwing the rich.  Millionaires are dropping like flies.  As the US goes, so goes the world, and this is proof.  
To repeat, "growth is likely to be led by middle-income countries."

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inicky4638 reads

Trouble is, we have full employment, wages are rising and inflation is easing. But it's nice to know CDL is worried about us millionaires. Don't worry. We're fine. If CDL hires a few more immigrants maybe he'll join us.

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willywonka4u40 reads

Gas keeps edging up closer to 4 bucks a gallon, and it's unbelievable how expensive groceries have gotten. Meanwhile my portfolio has been flat since Biden took office. It was booming under Trump.

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impposter59 reads

What's in your portfolio? Trump Media & Technology Group? A bunch of Trump Trading Cards?
http://www.newsweek.com/donald-trump-digital-trading-card-price-cryptocurrency-nft-1800585
Donald Trump's Trading Cards Plunge to Record Low Value
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Trump made around $9 million from the schnooks who bought his cards. And many of those schnooks don't even realize that Trump will continue to take a percentage whenever a card is sold to another schnook, in perpetuity ... even when you sell at a loss.

Posted By: willywonka4u
Re: Inflation is killing people's pocket books.
Gas keeps edging up closer to 4 bucks a gallon, and it's unbelievable how expensive groceries have gotten. Meanwhile my portfolio has been flat since Biden took office. It was booming under Trump.
Trump totally TRASHED peoples' portfolios before he left office and oversaw one of the worst performing stock markets in recent history. I'll post the chart and wikipedia article in a second reply.

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impposter50 reads

Your portfolio management is contrarian to the overall statistical averages. The markets (and other measures) tend to be better under Dems than Reps. Certainly, to date, the average market growth under Biden has been better than under Trump term.  
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http://en.wikipedia.org/wiki/U.S._economic_performance_under_Democratic_and_Republican_presidents
U.S. economic performance under Democratic and Republican presidents
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"Stock market returns are also higher under Democratic presidents.[21] CNN reported in September 2020 that: “Since 1945, the S&P 500 has averaged an annual gain of 11.2% during years when Democrats controlled the White House, according to CFRA Research. That's well ahead of the 6.9% average gain under Republicans."
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"Analysis conducted by CFRA Research in 2020 found that since 1945 corporate earnings per share, a key measure of corporate profitability, grew 12.8% on average under Democratic presidents, versus 1.8% for Republicans."
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[see wikipedia for original table with better layout]
Variable                Democrats Republicans Difference P-value
Real GDP growth 4.33%        2.54%        1.79 pp        0.01
Job creation rate %  2.59%        1.17%        1.42 pp        0.02
Unemployment rate %  5.64% 6.01%         0.38 pp        0.62
Unemployment rate change -0.83 pp +1.09 pp 1.92 pp 0.01
Inflation rate (GDP deflator) 2.89% 3.44%         0.55 pp 0.59
Budget deficit % potential GDP 2.09% 2.78%   0.69 pp 0.30
Stock market S&P 500 annual return 8.35% 2.70% 5.65 pp 0.15

Posted By: willywonka4u
Re: Inflation is killing people's pocket books.
Gas keeps edging up closer to 4 bucks a gallon, and it's unbelievable how expensive groceries have gotten. Meanwhile my portfolio has been flat since Biden took office. It was booming under Trump.
Which stocks HAVE you been investing in?
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EDIT: The image I wanted to attach wasn't a jpg, png, or gif so I had to find an alternate but could not. Charts that only go to 2021 or 2022 do not show the additional market growth since then. Hence, no image to attach.

-- Modified on 8/16/2023 6:19:12 PM

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willywonka4u40 reads

And my portfolio was performing wonderfully prior to Covid. It’s been crap under Biden. The most growth this economy has seen under Biden is inflation and the number of illegals crossing the border.

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inicky4643 reads

Now stop blaming others and own your extremely poor investing "strategy."
Better not give up your day job. Are you still  pretending to work from home while smoking weed instead whilst glomming onto the gubmint dollar?

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willywonka4u44 reads

😂😂😂😂

Related Link: Guess I’m not alone, Nicky.

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inicky4643 reads

And thanks for the non-answer.

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willywonka4u42 reads

I guess Gallop only polls losers, ain't that right, Nicky?

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inicky4637 reads

You can't even get the name of your poll right. What a shock. As if polls at this point have any meaning whatsoever. Not to mention that, irrespective of the polls, our economy is the strongest in the world. I know that disappoints you because you hate America.

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willywonka4u43 reads

So strong that people don’t think it’s very strong. It’s like the Snopes of economies. Fact check: it’s not horrible. Promise! Meanwhile an unknown artist singing about how shitty the economy is becomes an over night sensation.

Related Link: Rich Men North Of Richmond.

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inicky4644 reads

is hardly a surprise. And also irrelevant, since the election won't be held for another nearly 15 months.
Calm down, Willy.

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willywonka4u43 reads

What does a “disconnect” mean exactly, in this context. That the people who are experiencing this economy everyday are somehow not convinced with the left wing propaganda that the economy is just fabulous. Like a scene straight out of 1984, the news keeps reporting that every single economic sector is up, up, up, but you have to ask your neighbor if he can spare a razor so you can shave. This song becomes the number one song overnight from a previously unknown artist, but the economy is great. We all just missed the memo. No big deal. People suffering makes no difference until Election Day when a politician might have to pay for people suffering. But somehow these lyrics are striking a chord with everyone.

 I've been sellin' my soul, workin' all day
Overtime hours for bullshit pay
So I can sit out here and waste my life away
Drag back home and drown my troubles away

It's a damn shame what the world's gotten to
For people like me and people like you
Wish I could just wake up and it not be true
But it is, oh, it is

Livin' in the new world
With an old soul
These rich men north of Richmond
Lord knows they all just wanna have total control
Wanna know what you think, wanna know what you do
And they don't think you know, but I know that you do
'Cause your dollar ain't shit and it's taxed to no end
'Cause of rich men north of Richmond

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inicky4639 reads

A more deluded pile of word-vomit has rarely been seen here. It is virtually fact free.

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coeur-de-lion43 reads

since the day Biden took office?  

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BigPapasan70 reads

Why did you have to ask?  Were all your "tech guys" out of the office today?

 
I assume you're as good at math as you are at Googling so:
34,463.69 - 31,186.20 = 3,277.49
The Dow has increased 10.5% since the day Real Economic Leader Joe took office.

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coeur-de-lion45 reads

of less than 4%.  Compare that to Trump where the Dow rose 56% over the four years which is an annualized average of 11.6 percent.  Thank you for supplying the confirming numbers that prove Biden was a complete failure with the economy  when compared to Trump.  

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willywonka4u35 reads

...is inflation and gas prices.

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inicky4634 reads

"The U.S. economy has added more jobs during President Joe Biden’s term in office than it has in a single term under any of his predecessors, according to data released on Friday by the Bureau of Labor Statistics."
Please stop lying, Willy.

Related Link: https://americanindependent.com/economy-jobs-report-unemployment-joe-biden-bureau-labor...

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coeur-de-lion43 reads

we were coming off Covid and people were going back to work.  There is still fewer people working than during the third year of Trump's term. This is a false narrative the Left likes to tout.  What they ignore is the unemployment rate, which for several segments of the population, including Blacks, was at an all-time low under Trump.  Everyone was working and everyone had money.  This is the false information you get when you listen to the government, and not the everyday Americans who are barely scaping by under Biden's watch.  

 
Companies are laying people off now because of the bad economy, so Joe will have a chance to create even MORE new jobs.   LOL

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inicky4636 reads

Because it's not like Biden just sat there and had nothing to do with the recovery. He got a HUGE amount of legislation passed including the second recovery act, the CHIPS act and the infrastructure act that Trump could NEVER get passed. All of them have played a role in the jobs recovery. It didn't just happen in a vacuum, as you disingenuously suggest.

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impposter48 reads

You are being false and misleading AND PROVIDE ZERO SOURCES to substantiate your claims. Is this the result of your high fiber diet making it easy to pass a shitload?
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http://www.usatoday.com/story/news/factcheck/2021/09/07/fact-check-trump-biden-employment-numbers-unfairly-compared/5731228001/
Fact check: Experts say post comparing employment numbers under Biden, Trump is misleading.
[Article applies corrections to both sides' spin of the numbers. Biden still comes out ahead of Trump.]
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http://www.politifact.com/factchecks/2023/aug/08/donald-trump/donald-trump-vastly-underestimates-job-gains-under/
Donald Trump vastly underestimates job gains under Joe Biden
http://www.wral.com/story/fact-check-did-trump-or-biden-create-more-jobs-over-30-months/21012411/
Fact check: Did Trump or Biden create more jobs over 30 months?
"Just days after being arraigned for his third indictment, former President Donald Trump gave a speech to supporters in South Carolina. ... Trump said, "During Biden’s first 30 months in office, just 2.1 million new jobs were created, and by contrast, during my first 30 months in office we created 4.9 million new jobs." ...
We rate [Trump's] statement False."
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http://www.msnbc.com/rachel-maddow-show/maddowblog/comparing-biden-trump-job-creation-doesnt-help-latter-rcna100694
Comparing Biden and Trump on job creation doesn’t help the latter
"During a Fox Business interview, viewers were told the economy created more jobs under Trump than Biden. That's not even close to being true."
Aug. 18, 2023, By Steve Benen
"When Donald Trump sat down with Fox Business’ Larry Kudlow yesterday, the former president had every reason to expect a friendly interview. After all, the host served as the director of the National Economic Council in Trump’s White House. The former president was directly responsible for hiring Kudlow. But there’s a difference between a friendly interview and an interview in which key details are simply made up.  ...  
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"According to the Bureau of Labor Statistics, over the course of Trump’s first 30 months in the White House, which covers a period long before the Covid crisis, the U.S. economy created 5.39 million jobs — more than the 4.9 million Kudlow referenced during the interview. There’s nothing wrong with an economy that creates 5.39 million jobs in 30 months — it’s a perfectly respectable number — ***** though it’s worth noting for context that in the last 30 months of Barack Obama’s presidency, the economy created 6.57 million jobs.***** *****How does Trump explain the fact that job growth slowed after he took office? He’s never said.*****
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"... according to Kudlow’s program, most of the new jobs created after Biden's inauguration don’t really count. That’s not an easy argument to take seriously, and it doesn’t change the fact that the United States is enjoying the lowest unemployment rate since the 1960s."

Posted By: coeur-de-lion
Re: That's ONLY because . . . .
we were coming off Covid and people were going back to work.  There is still fewer people working than during the third year of Trump's term. This is a false narrative the Left likes to tout.  What they ignore is the unemployment rate, which for several segments of the population, including Blacks, was at an all-time low under Trump.  Everyone was working and everyone had money.  This is the false information you get when you listen to the government, and not the everyday Americans who are barely scaping by under Biden's watch.    
   
Companies are laying people off now because of the bad economy, so Joe will have a chance to create even MORE new jobs.   LOL
SOURCE?

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coeur-de-lion38 reads

"USA today fact check" and Trump-hater "Rachel Maddow", you have reached a new low in desperation.  Good luck in trying to sell the opposite to the American people then what they all lived through under Trump.  More revisionist history and manipulation of selective micro-numbers.  When are you going to learn this just doesn't sell in America anymore after three years of Bullshit Biden?

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inicky4642 reads

Yell "USA TODAY" and "Rachel Maddow." But by all means don't mention the sources THEY site because then you'd have to admit it actually came from The Bureau of Labor Statistics and Fox News' Larry Kudlow, a Trump appointee., among others. Like Politifact and WRAL, a Raleigh, NC, tv station.
Time for cdl to declare intellectual bankruptcy.

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coeur-de-lion41 reads

more intellectual wealth than I will ever be able to spend in this lifetime.  Lol

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inicky4637 reads

And I note for the record you made ZERO attempt to rebut what I wrote.
I accept your surrender.

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coeur-de-lion68 reads

Do you see the irony in that?  Lol

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inicky4641 reads

And still no surrender for having posted utter...

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inicky4641 reads

1) "the broad-based S&P 500 index has risen 18%, the Dow Jones Industrial Average gained 6% and the Nasdaq Composite jumped 34%." CNN. So if your portfolio is down, Willy, you're an incompetent investor.
2) Yes, gas has been up for the past couple of weeks but "US Retail Gas Price is at a current level of 3.962, up from 3.94 last week and down from 4.151 one year ago. This is a change of 0.56% from last week." But the price of gas isn't controlled by Biden. It's controlled by OPEC.
3) The price of groceries began to spike under Trump, because of his incompetent handling of Covid. Most of the recent price hikes have been from the cost of eggs, which has actually begun to moderate.
Calm down, Willy.
And, for god's sake, please stop lying.

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coeur-de-lion42 reads

That's a raw number and not a net result.  Wealth rose 3% but inflation was 8% during the same period, so the NET loss is 5%.  Touting only PART of the equation is how Lefties mislead their low-information voters while their getting fucked by the economic policies.  "Oh, look!!!! Your wealth went up 3% (while we devalued it by 8%).  Lucky you."  Lol

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LostSon34 reads

That 5% feels like a fuckton more!

LS1

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coeur-de-lion32 reads

showed 80% of Americans of all political affiliations say the economy is worse than it was under Trump.  Remember James Carville?    "It's the economy, stupid."

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