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PacificRimJobIt's really not in the shitter... I mean, it's not really benefiting people the lower and middle class, but that's been the case for a long-long time. It's simply "meh" if you're an investor right now - which you probably aren't. Meanwhile I receive about 6 or 7 messages per day on Indeed or Linkedin or other recruiter sites just begging me to take an interview. I'm sure that's the case for a LOT of people. That's not a sign of a shitty economy.
The unemployment rate is at 3.5%.. right back to where it was in Feb 2020 when Covid fucked us, and consumers are still buying stuff to the point where the Fed is like 'wtf, chill out, we gotta ease this shit - can we raise interest rates? JFC!'
Yeah, gas prices are higher than usual and inflation is at a 40-year high, but that's not a domestic issue - it's a global one - and the USA has been much more resilient in both cases than other comparable economies. It will take time, but things will mellow out and we might already be on the plateau. There will be a regression to the mean, here.
Don't get me wrong, inflation is scary, especially when you see prices on consumer goods jump by quite a bit compared to 3 years ago - but this is nothing like the housing crisis when everyone was losing their house left and right, and jobs dried up. Back then, unemployment went from 5% to 10% in 18 months... Instead, It's at 3.5% and there are still hiring signs left right and centre and everywhere seems understaffed.
Turd__AuthorityYou two are the equivalent of drunk high school dropouts attempting to discuss economics in a bar.
VTshredder69I don't call a recession "meh".
I know the biden admin refuses to admit it's a recession, but the term has always been defined as two consecutive quarters of a negative gdp growth.
Interpret as you like.
VTshredder69Nah. it's just funny to see someone say everything is higher now than 2 years ago after a literal crash.
And the kid is trying to say the stock market is the economy.
It's hilarious how little he knows about economics.
VTshredder69Nah. it's just funny to see someone say everything is higher now than 2 years ago after a literal crash.
And the kid is trying to say the stock market is the economy.
It's hilarious how little he knows about economics.
skiermanNah. Its just funny to see someone say the stock market isn't higher than it was 2 years ago and claims it crashed when its still over 6,000 points higher than it was 2 years ago.
And the kid is pretending like Republicans haven't used the stock market as an indicator for how well the economy has been doing for the entire time Trump was president.
Its hilarious how little he knows about economics.
skiermanIts hilarious how little he knows about economics.
VTshredder69It's hilarious how little he knows about economics.
Monsieur_PatateThat's rich coming from you lmao.
Ignorant partisans like yourself need to understand that the administration has very little to do with the strength or weakness of the economy, both parties are guilty of cherry picking economy indicators as campaigning points, so fuck them, but people like you need to stop being so fucking brainwashed and educate themselves.
Economy is in the shitter? Inflation in the US is lower than pretty much anywhere else on the planet simply because our economy is stronger than pretty much anywhere else. The economy grew 2.6% last quarter, exports were up, consumer spending was up, and unemployment is low. Our economy is doing ok, and if you think it's in the shitter now, you're in for a rude awakening once it actually deteriorates.. Which is only a matter of time, but again will have little to do with whoever is in office by then.
VTshredder69let me guess. gas prices are russia's fault too right?
Lol you kids these days always think you know everyhting.
INFLATION IN THE USA IS LOWER but it's still at an all time high lol great comparison dude. our economy is stronger than anywhere despite two negative quarters in a row this year. lololol. yea dude strong.
CONSUMER SPENDING IS UP BECAUSE EVERYTHING COSTS MORE lolol
skiermanNah. Its just funny to see someone say the stock market isn't higher than it was 2 years ago and claims it crashed when its still over 6,000 points higher than it was 2 years ago.
And the kid is pretending like Republicans haven't used the stock market as an indicator for how well the economy has been doing for the entire time Trump was president.
Its hilarious how little he knows about economics.
r00kieBig swing and a miss.
VTshredder69let me guess. gas prices are russia's fault too right?
Lol you kids these days always think you know everyhting.
INFLATION IN THE USA IS LOWER but it's still at an all time high lol great comparison dude. our economy is stronger than anywhere despite two negative quarters in a row this year. lololol. yea dude strong.
CONSUMER SPENDING IS UP BECAUSE EVERYTHING COSTS MORE lolol
Monsieur_PatateGas isn't a domestic issue either, gas has gone up across the world, and more so in other countries than the US. It's a layered problem with a few root causes, and on top of that intermediaries exacerbating the issue for political and financial reasons. Very little to do with the US president.
This is another example of you ignorantly believing that the US president is responsible for everything that happens globally.
Monsieur_PatateThat's rich coming from you lmao.
Ignorant partisans like yourself need to understand that the administration has very little to do with the strength or weakness of the economy, both parties are guilty of cherry picking economy indicators as campaigning points, so fuck them, but people like you need to stop being so fucking brainwashed and educate themselves.
Economy is in the shitter? Inflation in the US is lower than pretty much anywhere else on the planet simply because our economy is stronger than pretty much anywhere else. The economy grew 2.6% last quarter, exports were up, consumer spending was up, and unemployment is low. Our economy is doing ok, and if you think it's in the shitter now, you're in for a rude awakening once it actually deteriorates.. Which is only a matter of time, but again will have little to do with whoever is in office by then.
CrunnchyPissFartI think you shits need to start blaming the oil companies rather than politicians for gas prices, cuz the oil fat cats are the ones manipulating prices, politicians are just the pawns funded by them
CrunnchyPissFartI think you shits need to start blaming the oil companies rather than politicians for gas prices, cuz the oil fat cats are the ones manipulating prices, politicians are just the pawns funded by them
Monsieur_PatateGas isn't a domestic issue either, gas has gone up across the world, and more so in other countries than the US. It's a layered problem with a few root causes, and on top of that intermediaries exacerbating the issue for political and financial reasons. Very little to do with the US president.
This is another example of you ignorantly believing that the US president is responsible for everything that happens globally.
VTshredder69Lol. when oil companies are not being granted new permits from the US Government to drill untapped oil wells - lets blame those oil companies.
Hahhaa. Good one man
VTshredder69So Biden's "no more drilling or fracking" bill has no effect on prices? Especially when the USA has enough oil to be self sustainable?
Good lord man lets try to think outside the box for once.
You realize that we are depleting the emergency reserve while continuing to restrict oil companies from drilling on public land like Alaska right?
Keep calling me ignorant while you literally are spewing nonsense ...
CrunnchyPissFartmaybe that's our sign as a species to stop relying on oil. save for automotive uses cuz EVs take just as much oil to produce a battery. but if we go renewable for industry and residential power we could cut down gas prices like fuckin crazy
supply and demand. less oil for industries that don't really need it, more for industries that do. logically that cuts down prices
snowfinderDo you guys every get tired of posting the same stuff over and over?
SteezyYeeteragreed. move on to nuclear energy. it's the only way forward that's sustainable and actually gives us the energy that we need.
CrunnchyPissFartAGREED.
idk why so many liberals are so against nuclear energy, nuclear is so fucking effective and efficient, there's so much anti nuke propaganda out there that paints nuclear waste as being dangerous green goop that's gonna spread and destroy everything.
like nuclear waste is literally just a small container of radioactive material in a barrel of lead and cement, its very unlikely for it to breach
storage can be a logistical challenge but its better than cleaning up a fucking oil spill in the gulf every 2 months
SteezyYeeteryeah and the storage is going to be smaller than broken windmills, which do not biodegrade and are SUPER harmful for the environment.
LonelyThis is such a weird talking point.
If I'm not mistaken the goal is to stop drilling by 2035.
Biden at the same time has had more permits pushed for drilling in 1 year than trump did. So much so that conservancy groups are mad about it lol.
Biden’s runaway drilling approvals are a spectacular failure of climate leadership,” said Taylor McKinnon at the Center for Biological Diversity. “Avoiding catastrophic climate change requires ending new fossil fuel extraction, but Biden is racing in the opposite direction.”
During Biden's first year in office so far, BLM has approved an average of 333 drilling permits per month. That figure is more than 35% higher than Trump's first year in office, when BLM approved an average of 245 drilling permits per month.
Aren't there something like 8000 approved permits sitting out there right now?
VTshredder69Where do you see this data? because when he entered office he promised to basically stop drilling and fracking. He signed a bill to do so on federal lands.
I have not seen new permits besudes maybe the past 6 months while prices are sky high?
skiermanThat's because you hear something on social media and then you blindly believe it, you stupid fuck. "I DID MY RESEARCH!" LOL no you fucking didn't.
"New Data: Biden's First Year Drilling Permitting Stomps Trump's By 34% - Center for Biological Diversity. WASHINGTON— New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration's first-year total of 2,658."
VTshredder69Where do you see this data? because when he entered office he promised to basically stop drilling and fracking. He signed a bill to do so on federal lands.
I have not seen new permits besudes maybe the past 6 months while prices are sky high?
SteezyYeeterit's not benefiting people in the lower or middle classes... which are the vast majority of the nation.
VTshredder69I don't call a recession "meh".
I know the biden admin refuses to admit it's a recession, but the term has always been defined as two consecutive quarters of a negative gdp growth.
Interpret as you like.
PacificRimJobYou could say the same thing about the Economy dating back decades and perhaps a dozen presidential administrations, buddy... you could certainly say it about the Trump economy of 4 years ago which was volatile due to stupid tariff wars with China and which overwhelmingly benefited the already wealthy.
Working class people have been fucked ever since companies started moving their operations abroad during the Reagan administration... The good news is that at least now there are job choices given how low the unemployment rate is, and people can afford to force employers to bargain on their own in some cases.
SteezyYeeterfacts
CrunnchyPissFartI think you shits need to start blaming the oil companies rather than politicians for gas prices, cuz the oil fat cats are the ones manipulating prices, politicians are just the pawns funded by them
VTshredder69I have not seen new permits besudes maybe the past 6 months while prices are sky high?
eheathyou can't just live on both sides here dude haha at least we all know you're trolling
CrunnchyPissFartKinda sick of this thread, I know I can turn notifications off but the discourse has been dogshit tbh
CrunnchyPissFartKinda sick of this thread, I know I can turn notifications off but the discourse has been dogshit tbh
CrunnchyPissFartKinda sick of this thread, I know I can turn notifications off but the discourse has been dogshit tbh
PacificRimJobYeah, the only time Ive even seen a democrat represent Utah at a State or National level was when Ben McAdams won a district by like 700 votes or something.
