 
     |
| The Price of Energy Effects Everything (Page 1/1) |
|
blackrams
|
JUN 06, 01:58 PM
|
|
We all know that gas and diesel are at record levels, just saw a report that natural gas is 127% of what it was one year ago, coal is 110% of where it was a year ago. Guess what is getting ready to happen to your (and my) electric bill.
40+% inflation, everything is costing significantly more than it did just a year ago but, if you look at the difference in our lives from about 18 months ago, there's an obvious difference in policies and what/how American businesses are reacting to those policies. Just watch, see and pay those energy bills. Been to the grocery store, hardware store or AG feedstore lately? They will and should make a difference in how you vote this November.
About two years ago, I stated that COVID-19 would not be the deciding factor of the mid-term election. I stated that the Economy would be the issue. People vote their pocketbooks, savings accounts and their ability to do things, all related to our economy. How's your pocketbook doing? Face the truth, this really only effects the middle and lower economic classes. Upper class will notice but not really affected. As previously stated by myself and Candidate Bill Clinton, the issue is the Economy Stupid.
Oh Yeah, let's not forget our Southern Border Immigrations issues......  I've been around for quite a while and have yet to see a FUBAR as messed up as this. I thought President Carter was the worst, compared this our current resident, Carter was at least a C student.
We get the government we deserve.
Rams
------------------
Rams
Isn't it strange that after a bombing, everyone blames the bomber, his upbringing, his environment, his culture, his mental state but … after a shooting, the problem is the gun.........
|
|
|
rinselberg
|
JUN 06, 06:49 PM
|
|
| quote | | Though inflation slowed in April following seven months of consecutive gains, consumer prices jumped 8.3% from 12 months earlier. In March, the 8.5% year-over-year surge was the highest rate since 1981. The high rates are continuing to put financial pressure on American households. |
|
"More than 8 in 10 Americans hate this economy. That’s the highest number since the poll began"
Andrew Marquardt for Fortune; June 6, 2022.
https://fortune.com/2022/06...nterest-rates-biden/
|
|
|
|
blackrams
|
JUN 06, 06:54 PM
|
|
Who you gonna call? Sure as hell ain't Ghost Busters.
Vote to save the US from stupid leadership. I don't think Dems really understood that to Build Back Better, every thing had to be demolished first. Pain at the Pump is only one symptom. Just wait on those utility bills, grocery bills, lumber, bird seed, oil changes and the list goes on and on.
Rams
|
|
|
|
blackrams
|
JUN 06, 06:55 PM
|
|
I sincerely doubt President Biden understood President Truman's "The Buck Stops Here" saying.
Rams
|
|
|
|
randye
|
JUN 06, 07:26 PM
|
|
We tried to warn them.....
....but just like children will go ahead anyway and stick a butter knife in an electrical outlet to learn the hard way,
Leftists gotta Leftist
https://notthebee.com/artic...biden-were-overblown
Entrusting the economy to Leftists is like handing over all your cash and credit cards to a group of drunk teenage girls at the mall.[This message has been edited by randye (edited 06-06-2022).]
|
|
|
|
rinselberg
|
JUN 07, 02:33 AM
|
|
"America's hidden boom"
Erica Pandey for Axios; June 6, 2022.
https://www.axios.com/2022/...using-jobs-inflation
Encouraging economy-related news, and at the same time, some "reality checks."
This online article, which starts with a data plot, is just a 1-minute read.[This message has been edited by rinselberg (edited 06-07-2022).]
|
|
|
|
82-T/A [At Work]
|
JUN 07, 07:56 AM
|
|
| quote | Originally posted by rinselberg:
"America's hidden boom"
Erica Pandey for Axios; June 6, 2022.
https://www.axios.com/2022/...using-jobs-inflation
Encouraging economy-related news, and at the same time, some "reality checks."
This online article, which starts with a data plot, is just a 1-minute read.
|
|
Hi Rinse, I like Axios, I really do... I get their morning news aggregator e-mail sent to me every day. They have fantastic news, when the news that they're reporting on isn't of anything that can be remotely politicized. Anything that has a potential political angle, they manipulate and look for a positive spin on a bad situation. It's like saying in death, there is no more pain... but you're dead, so hardly a positive.
I'll go through each of the items they list as "successes":
Houses: It's hard to find one to buy — and the 66% of Americans who do own houses are seeing their home values soar. The middle class has made a whopping $2.1 trillion from homeownership in the past 10 years, Fortune reports.
- Hard to say that the middle class has made money from equity. My homes have shot up, but I haven't necessarily made money. I did sell a home in Texas and buy one in Florida... I made money there, but put a lot of that money back into the home i was buying. This doesn't really correlate. Unless these are people that had multiple homes and sold them, the value of the house only becomes profit when you sell it. So this is a non-story.
Retirement accounts: Despite the recent sell-off, they've been fattened by the stock market. And the share of people who say they expect to work past their early 60s has dropped below 50% for the first time.
- Well, we went from 17k on the DJIA to 30k on the DJIA during Trump's presidency, which included the entire crash as a result of COVID. Biden took over with the DJIA at just shy of 31k, which continued to go up for most of the first year, but then began to tank. The DJIA is now 32k... so again, this is a non-story. 1k increase in the stock market over 2 years is not "fattening."
Jobs: 11.4 million are open. The unemployment rate is 3.6% — back to pre-pandemic lows.
Safety nets: 68% of Americans say they have cash for a rainy day.
- Another example of how the government grossly misrepresents numbers. The 3.6% unemployment rate does not include people on disability, people on welfare, or people who actually stopped looking for work. Even the REAL unemployment rate (which is around 8% right now) does not fully account for all of these things.
Millennial homeownership: It’s at 43%, up from 37% last year.
- Ah yes, the news always makes everything about Millennials... the disaffected generation who entered into the workplace during the stagnant Obama years. It's great that they've decided to buy homes. But what of it? The interest rate was the lowest it had been in almost 40 years... even high principle amounts resulted in cheap mortgages. Has really nothing to do with Biden or the economy. Right now, interest rates are shooting up, and they still aren't building new homes because there's a supply shortage of almost everything. A 2x4 is now 3x what it cost in 2020. This isn't success.
|
|
|
|