• Biden's Cockroach Economy

    From BillB@21:1/5 to All on Thu Sep 7 11:46:57 2023
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023 when they
    publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tim Norfolk@21:1/5 to BillB on Thu Sep 7 12:47:28 2023
    On Thursday, September 7, 2023 at 2:47:02 PM UTC-4, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023 when they
    publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html

    How much of that is companies gouging?

    --- SoupGate-Win32 v1.05
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  • From VegasJerry@21:1/5 to BillB on Thu Sep 7 13:15:19 2023
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023 when they
    publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html
    .

    Yea. When Biden kicked the shit out of that treasonous orange fuck; unemployment was 10%. Now Bidenomics has
    unemployment at the lowers in 54- years. And as you pointed out Bidenomics is running like a freight train.
    And these GQP dipshit don't know what to say...


    --- SoupGate-Win32 v1.05
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  • From BillB@21:1/5 to VegasJerry on Thu Sep 7 16:09:14 2023
    On Thursday, September 7, 2023 at 1:15:24 PM UTC-7, VegasJerry wrote:
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023 when
    they publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html
    .

    Yea. When Biden kicked the shit out of that treasonous orange fuck; unemployment was 10%. Now Bidenomics has
    unemployment at the lowers in 54- years. And as you pointed out Bidenomics is running like a freight train.
    And these GQP dipshit don't know what to.

    The U3 unemployment was around 6.5% when Biden took over, but it's not a fair comparison. It was dropping fast as people returned to work from Covid. The current unemployment rate (both U-3 and U-6) is essentially the same as it was before Covid hit. But
    there are 1.6 million more job openings right now compared to Trump's pre-Covid numbers.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to BillB on Thu Sep 7 16:35:23 2023
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023 when they
    publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html

    Complete bullshit. Tax receipts are down 20% dumbass. All that printed mouseclick money is gone and everyone is going into record debt.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From BillB@21:1/5 to jack roth on Thu Sep 7 18:57:54 2023
    On Thursday, September 7, 2023 at 4:35:28 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023 when
    they publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html

    Complete bullshit.

    Nothing I posted is "bullshit". I believe there have been 11 consecutive rate hikes and we're still seeing strong GDP growth and very low unemployment. That's why they keep increasing rates, to slow down the economy. They continue to be surprised that it'
    s just not working. The Biden cockroach economy is just too strong.

    Tax receipts are down 20% dumbass.

    Tax receipts are down 20% since when? Are they higher or lower than the peak during the Trump presidency and by how much?

    All that printed mouseclick money is gone and everyone is going into record debt.

    https://fred.stlouisfed.org/series/HDTGPDUSQ163N https://fred.stlouisfed.org/series/TDSP

    Delinquency rates have been climbing a bit but are still well below historical averages. Can't blame Biden that some people want to live beyond their means. They should take advantage of the booming Biden economy, go get one of those 8 million open jobs,
    and pay off their debts. That's better than wasting their time posting photos of their dinner on Instagram.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to All on Thu Sep 7 21:12:44 2023
    On Thursday, September 7, 2023 at 6:57:59 PM UTC-7, BillB wrote:


    You know Bill, you should really join the BARGE list. There are only libtards there so you and the dying cancer moron will get along with everyone like peas and carrots. And, they'll all empathize with you about your problems in RGP. That's why they
    created the BARGE list....they were the original ones trying to ban free speech....now the govt tries to do it on social media.....which went pretty insane around 2020 with me getting banned for 1yr 9mo on twitter for calling NFLer JJ Watt a fucktard
    for kneeling. And, I've lost count how many suspensions facebook has given me. So many, they gave up....I mean, they suspended me for sending my brother a star trek picture in instant message. I used the vernacular for a transmission "tranny" and
    got suspended for it....I then appealed the suspension...and they increased it to 3 suspensions....for that single word. That's what happens when you libtard control freak morons are left to be in control policy...same happens with taxes and spending.
    California can't even consider reducing spending, they just want to go full speed ahead and keep raising taxes non stop.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to BillB on Thu Sep 7 20:45:22 2023
    On Thursday, September 7, 2023 at 6:57:59 PM UTC-7, BillB wrote:
    On Thursday, September 7, 2023 at 4:35:28 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023 when
    they publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html

    Complete bullshit.
    Nothing I posted is "bullshit". I believe there have been 11 consecutive rate hikes and we're still seeing strong GDP growth and very low unemployment. That's why they keep increasing rates, to slow down the economy. They continue to be surprised that
    it's just not working. The Biden cockroach economy is just too strong.
    Tax receipts are down 20% dumbass.
    Tax receipts are down 20% since when?

    Since Q3 2022 they've been tanking, dumbass. May I suggest you learn how to get correct data.

    <Are they higher or lower than the peak during the Trump presidency and by how much?
    WTF does Trump have to do with this? There's this little thing called inflation that Biden caused that debased the currency which definitely vastly should increase nominal tax receipts because of higher prices and wages everywhere trying to cope with
    it, but what it masks is true GDP and the actual health of the nation. Are you really this dumb, Bill?


    Delinquency rates have been climbing a bit but are still well below historical averages. Can't blame Biden that some people want to live beyond their means. They should take advantage of the booming Biden economy, go get one of those 8 million open
    jobs, and pay off their debts. That's better than wasting their time posting photos of their dinner on Instagram.

    Mouseclick money isn't "Booming"...neither is the job market. When high tech companies are laying off all the high paying jobs, but the min wage jobs are increasing, that IS NOT a booming economy. Also, if you knew a single fuccking thing about job
    reqs, you'd know that most all of them are fake...they are left up there so companies can poach already seasoned employees from competitors, not expanding actual jobs. YOu DUMBFUCK.

    And, don't worry about that posting phots thing at dinner....Those dinner photos will be drying up immediately now that everyone is out of the free govt money and has maxed their credit card bills. Imagine what happens when the real layoff waves start..
    ..and meanwhile, taxes keep increasing....very inconvenient truth people are kept hidden about.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From BillB@21:1/5 to jack roth on Thu Sep 7 21:13:25 2023
    On Thursday, September 7, 2023 at 8:45:26 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 6:57:59 PM UTC-7, BillB wrote:
    On Thursday, September 7, 2023 at 4:35:28 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023
    when they publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html

    Complete bullshit.
    Nothing I posted is "bullshit". I believe there have been 11 consecutive rate hikes and we're still seeing strong GDP growth and very low unemployment. That's why they keep increasing rates, to slow down the economy. They continue to be surprised
    that it's just not working. The Biden cockroach economy is just too strong.
    Tax receipts are down 20% dumbass.
    Tax receipts are down 20% since when?
    Since Q3 2022 they've been tanking, dumbass. May I suggest you learn how to get correct data.

    So you're saying since April 2022 US government tax revenue has dropped 20%?

    <Are they higher or lower than the peak during the Trump presidency and by how much?

    WTF does Trump have to do with this?

    He was the last president and your hero. You are citing weak government tax revenue as a sign of a weak Biden economy, and you believe the economy was good under Trump, so it's only natural to compare the two. So what were peak government revenues under
    Trump, and what are they right now under Biden, even after this supposed 20% decline you are squawking about?

    There's this little thing called inflation that Biden caused

    Biden didn't cause the inflation. What is the primary cause of systemic inflation?


    that debased the currency which definitely vastly should increase nominal tax receipts because of higher prices and wages everywhere trying to cope with it, but >what it masks is true GDP and the actual health of the nation. Are you really this dumb,
    Bill?

    The "health of the nation?" What's that? Feeeeelings? I already showed you the inflation adjusted GDP numbers and you tripped over yourself in a fit of cognitive dissonance. Inflation adjusted GDP has never been higher, and it projected to grow another
    5%+ annualized this quarter. Why do you idiots want America to fail? It is a self-fulfilling prophecy to some extent, and you all seem bound and determined to drag all the normal people down in that pit of hopelessness and depression you share.


    Delinquency rates have been climbing a bit but are still well below historical averages. Can't blame Biden that some people want to live beyond their means. They should take advantage of the booming Biden economy, go get one of those 8 million open
    jobs, and pay off their debts. That's better than wasting their time >posting photos of their dinner on Instagram.

    Mouseclick money isn't "Booming"...neither is the job market. When high tech companies are laying off all the high paying jobs, but the min wage jobs are increasing, that IS NOT a booming economy. Also, if you knew a single fuccking thing about job
    reqs, you'd know that most all of them are fake...they are left up there so companies can poach already seasoned employees from competitors, not expanding actual jobs. YOu DUMBFUCK.


    So all the high paying jobs are being replaced by low paying jobs? That mean real median income MUST be dropping like a rock, right?

    And the rate at which layoffs are occurring is truly frightening: https://fred.stlouisfed.org/series/JTSLDL


    And, don't worry about that posting phots thing at dinner....Those dinner photos will be drying up immediately now that everyone is out of the free govt money and has maxed their credit card bills. Imagine what happens when the real layoff waves start..
    ..and meanwhile, taxes keep increasing....very inconvenient truth people are kept hidden about.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to BillB on Thu Sep 7 21:40:29 2023
    On Thursday, September 7, 2023 at 9:13:29 PM UTC-7, BillB wrote:
    On Thursday, September 7, 2023 at 8:45:26 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 6:57:59 PM UTC-7, BillB wrote:
    On Thursday, September 7, 2023 at 4:35:28 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023
    when they publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html

    Complete bullshit.
    Nothing I posted is "bullshit". I believe there have been 11 consecutive rate hikes and we're still seeing strong GDP growth and very low unemployment. That's why they keep increasing rates, to slow down the economy. They continue to be surprised
    that it's just not working. The Biden cockroach economy is just too strong.
    Tax receipts are down 20% dumbass.
    Tax receipts are down 20% since when?
    Since Q3 2022 they've been tanking, dumbass. May I suggest you learn how to get correct data.
    So you're saying since April 2022 US government tax revenue has dropped 20%?

    The Fred chart showing a 10% decline, but it only has up to Q1 2023 numbers. https://fred.stlouisfed.org/series/W006RC1Q027SBEA I've heard it's now up to 20% on numbers that will be released next.

    <Are they higher or lower than the peak during the Trump presidency and by how much?

    WTF does Trump have to do with this?
    He was the last president and your hero. You are citing weak government tax revenue as a sign of a weak Biden economy, and you believe the economy was good under Trump, so it's only natural to compare the two. So what were peak government revenues
    under Trump, and what are they right now under Biden, even after this supposed 20% decline you are squawking about?

    No, now you are moving goal posts and putting words in my mouth. If I really wanted to show a weak Biden economy, I'd point out how he has to release all the oil from the SPR in order to keep oil prices down and the economy moving. Imagine what happens
    to oil prices when he has to stop....oh ya....oil already back at $90 and the high prices are just starting. Imagine you libtard morons when you all stopped Trump from filling up the SPR at $24/barrel. What POS democrats just trying to do anything
    to make trump look bad and spite him.

    There's this little thing called inflation that Biden caused
    Biden didn't cause the inflation. What is the primary cause of systemic inflation?
    that debased the currency which definitely vastly should increase nominal tax receipts because of higher prices and wages everywhere trying to cope with it, but >what it masks is true GDP and the actual health of the nation. Are you really this dumb,
    Bill?
    The "health of the nation?" What's that? Feeeeelings? I already showed you the inflation adjusted GDP numbers and you tripped over yourself in a fit of cognitive dissonance. Inflation adjusted GDP has never been higher, and it projected to grow another
    5%+ annualized this quarter. Why do you idiots want America to fail? It is a self-fulfilling prophecy to some extent, and you all seem bound and determined to drag all the normal people down in that pit of hopelessness and depression you share.

    We've already determined you don't know a fucking thing about inflation and/or how it's totally rigged for the Fed's benefit. Truth is that inflation has been undercounted by half for the last 40 years and that's why wages seem so depressed and why
    nobody can afford a house or car anymore.....it was steal inflation where they tried to tell you how good you had it and meanwhile suppressed wages with fake inflation numbers in hopes of allowing them to export all the industry overseas and gut America.


    Delinquency rates have been climbing a bit but are still well below historical averages. Can't blame Biden that some people want to live beyond their means. They should take advantage of the booming Biden economy, go get one of those 8 million open
    jobs, and pay off their debts. That's better than wasting their time >posting photos of their dinner on Instagram.

    Mouseclick money isn't "Booming"...neither is the job market. When high tech companies are laying off all the high paying jobs, but the min wage jobs are increasing, that IS NOT a booming economy. Also, if you knew a single fuccking thing about job
    reqs, you'd know that most all of them are fake...they are left up there so companies can poach already seasoned employees from competitors, not expanding actual jobs. YOu DUMBFUCK.

    So all the high paying jobs are being replaced by low paying jobs? That mean real median income MUST be dropping like a rock, right?

    The REAL GDP is dropping....of course more and more people have to take multiple jobs and more spouses have to work and work OT to pretend they still have a GDP......but obviously income isn't increasing lately if the tax receipts are falling despite
    higher taxes.

    Try this layoff site, that tracks high tech layoffs, you numbnuts: https://layoffs.fyi/?fbclid=IwAR1-ubcRg6FU76kfZHDOcKidIgS-uqxrlCUZ8n0eZ0PqoNs3YRPFuEAAkDk


    And the rate at which layoffs are occurring is truly frightening: https://fred.stlouisfed.org/series/JTSLDL
    And, don't worry about that posting phots thing at dinner....Those dinner photos will be drying up immediately now that everyone is out of the free govt money and has maxed their credit card bills. Imagine what happens when the real layoff waves
    start....and meanwhile, taxes keep increasing....very inconvenient truth people are kept hidden about.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to jack roth on Fri Sep 8 11:59:01 2023
    On Thursday, September 7, 2023 at 9:12:48 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 6:57:59 PM UTC-7, BillB wrote:
    .

    You know Bill, you should really join the BARGE list.
    .

    WHOA! Asshole. Look at all those facts and figures and questions you dodged.

    "You know Jack rOff, you should really" reply and answer, THEN Run & Hide.
    .

    There are only libtards there so you and the dying cancer moron will get along with everyone
    like peas and carrots.

    Do they dodge and run and ignore it when THEY are bitch-slapped like Bill and I do you?
    .

    Answer those, "And you can't show that it did."

    Or Dodge, Run & Hide again...

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to BillB on Fri Sep 8 11:50:12 2023
    On Thursday, September 7, 2023 at 4:09:19 PM UTC-7, BillB wrote:
    On Thursday, September 7, 2023 at 1:15:24 PM UTC-7, VegasJerry wrote:
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023 when
    they publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html
    .

    Yea. When Biden kicked the shit out of that treasonous orange fuck; unemployment was 10%. Now Bidenomics has
    unemployment at the lowers in 54- years. And as you pointed out Bidenomics is running like a freight train.
    And these GQP dipshit don't know what to.

    The U3 unemployment was around 6.5% when Biden took over, but it's not a fair comparison.
    It was dropping fast as people returned to work from Covid.
    .

    And being employed with the infrastructure rebuild bill. The one that Republican politicians
    at constructions sites are taking credit for. THAT THEY VOTED AGAINST. The only people
    they fool are dipshits like our own local fools. And in congress, the Republicans are STILL
    trying to cut into that bill.
    .

    The current unemployment rate (both U-3 and U-6) is essentially the same as it was before
    Covid hit. But there are 1.6 million more job openings right now compared to Trump's pre-Covid
    numbers.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to jack roth on Fri Sep 8 12:03:19 2023
    On Thursday, September 7, 2023 at 9:40:33 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 9:13:29 PM UTC-7, BillB wrote:
    On Thursday, September 7, 2023 at 8:45:26 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 6:57:59 PM UTC-7, BillB wrote:
    On Thursday, September 7, 2023 at 4:35:28 PM UTC-7, jack roth wrote:
    On Thursday, September 7, 2023 at 11:47:02 AM UTC-7, BillB wrote:
    The Fed just can't kill it.

    "A widely-followed estimate produced by the Atlanta Fed shows the US economy is expanding 5.6% on an annualized basis this quarter. That’s leading economists to expect that central bank officials will double their growth projection for 2023
    when they publish an updated outlook later this month and scale back estimates for interest-rate cuts next year."

    https://finance.yahoo.com/news/dollar-set-longest-rally-years-142338083.html

    Complete bullshit.
    Nothing I posted is "bullshit". I believe there have been 11 consecutive rate hikes and we're still seeing strong GDP growth and very low unemployment. That's why they keep increasing rates, to slow down the economy. They continue to be surprised
    that it's just not working. The Biden cockroach economy is just too strong.
    Tax receipts are down 20% dumbass.
    Tax receipts are down 20% since when?
    .
    .
    .

    *** Knew you couldn't answer. Knew you'd Run ***
    .
    .



    Since Q3 2022 they've been tanking, dumbass. May I suggest you learn how to get correct data.
    So you're saying since April 2022 US government tax revenue has dropped 20%?
    .
    .

    *** Knew you couldn't answer. Knew you'd Run ***

    .
    .
    .

    The Fred chart showing a 10% decline, but it only has up to Q1 2023 numbers. https://fred.stlouisfed.org/series/W006RC1Q027SBEA I've heard it's now up to 20% on numbers that will be released next.
    <Are they higher or lower than the peak during the Trump presidency and by how much?
    .
    .
    .
    .
    .

    *** Knew you couldn't answer. Knew you'd Run ***

    .
    .
    .
    .

    This poor Jack rOff can't reply to Bill or myself. He obfuscates, dodges, lies and runs.
    And we all laugh at him all the way...
    .

    --- SoupGate-Win32 v1.05
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