The economy. Hot, or not?

[pknopp]

“Quit adding to the debt”

Yeah… when has that ever happened?

Sadly never.

 

[Lesh]

Sadly never.

Put that thought in the “Unicorn file” then

 

[Blaster]

The economy is okay.

 

[Lesh]

And you're a moron.
How can any sane person say this economy is good?

Hey asshole, everyone I talk to says that they’re doing OK . That it’s those other people (who they can’t name) that are struggling more than normal

 

[Marener]

Not my fault you have incomplete information.

It’s your fault for making an inaccurate comparison. Intellectual integrity is important.

 

[Harpy Eagle]

Year over year inflation is less than 4%

this year.

 

[Marener]

That's where the spending bills start.

Do they set interest rates?

 

[Lesh]

this year.

This is the year we are living in genius

 

[Harpy Eagle]

This is the year we are living in genius

most of us lived through the past two years as well. The thing about inflation is that once the prices go up they do not come back down. Eventually wages will catch up, but in the mean time you should not dismiss those people that are hurting due to inflation

 

[Harpy Eagle]

That's where the spending bills start.

so we can blame them for all the deficit spending?

 

[Couchpotato]

All you're saying is that some people's opinions will be biased and self serving, judging the whole based only on themselves.

Most people’s opinions are. Certainly when it comes to the “economy”. The guy barely making it with 2 kids a mortgage and a pregnant wife doesn’t give a shit about the GDP growth, or inflation numbers except as it relates to his bottom line.

 

[hadit]

Do they set interest rates?

That's not a governmental authority.

 

[The Duke]

Not my fault you have incomplete information.

It’s your fault for making an inaccurate comparison. Intellectual integrity is important.

Maybe you should try to get you some, then.

 

[Harpy Eagle]

Most people’s opinions are. Certainly when it comes to the “economy”. The guy barely making it with 2 kids a mortgage and a pregnant wife doesn’t give a shit about the GDP growth, or inflation numbers except as it relates to his bottom line.

POST OF THE DAY

 

[Mac1958]

The inflation was the end result of trillions of stimulus, which was the end result of the Meltdown, which was the end result of the repeal of Glass Steagall.

Both parties had their hands on this.

Hopefully we're getting closer to "normal". For example, you could get 5% on a money market fund right before the Meltdown.

 

[hadit]

so we can blame them for all the deficit spending?

Why wouldn't we? The last House that balanced a budget was, you guessed it, the Republican one in 1998.

 

[hadit]

The inflation was the end result of trillions of stimulus, which was the end result of the Meltdown, which was the end result of the repeal of Glass Steagall.

Both parties had their hands on this.

I'm shocked, just shocked, that federal legislators would kick the can down the road so they can keep spending at record high levels. It's almost as if they're drunken sailors who just got a credit card.

 

[Mac1958]

I'm shocked, just shocked, that federal legislators would kick the can down the road so they can keep spending at record high levels. It's almost as if they're drunken sailors who just got a credit card.

That's their incentive when all that matters is raising funds and being re-elected.

Getting money out of politics and instituting term limits would address that.

 

[pknopp]

Do they set interest rates?

They can affect them.

 

[postman]

...you should not dismiss those people that are hurting due to inflation

I'm sure you have people struggling because of high interest rates, but probably have just as man who went out and bought a new iphone for $1,600 on their credit card.