And the economic collapse is happening now. When you realize how much wealth the rich have taken, you might be able to understand why it was never immigrants, the poor, or any other targets your corporate news overlords aimed you toward. A tax system that dismantles the strangle hold on our economy by mega corps and the elite is the best punch we have left to preserve people’s right to live a decent life. But you seem happy with your life and your crumbs, so I’m happy for you. I’m just trying to tell you the rich still aren’t satisfied… they are coming for your crumbs.
If that makes me cra cra, then that’s what I am… that and 100% correct just like when I told you J6 would be bloody… You blah blahed it and called me radical or some other nonsense protecting the perps. People died as a result. And here you are stroking your MAGA-hood trying to say what we all saw with our own eyes wasn’t real. Your math ain’t mathing. And your opinions are meaningless to me.
In a way you are right, even if you arrive at the thought without knowing why it is happening.
It's happening because we are being crushed by debt and have very little control over what the country spends. The answer we have followed for 40 years is to print more money.
Every time we do that it makes the money already out there less valuable.
It's really no different than the family who keeps getting deeper and deeper in to their credit card. Once that is maxed out, they go out and get another credit card.....like printing money.
Sooner or later it isn't sustainable.
Last edited by Ballpeen; 03/30/2510:01 PM.
If everybody had like minds, we would never learn.
While homelessness and hunger rises nationwide under Trump. No plan on fixing that at all in his agenda. Remember when conservatives were all up in arms about inflation and the cost of living just a few months ago? All of them all worried about the poor folks getting by. Remember? Pffft. Gopers.
Wait for it…. Biden Biden Biden.
Last edited by PerfectSpiral; 03/31/2509:34 AM.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
I disagree. They are finding all sorts of boondoggle spending and cutting it off.
Look, nobody likes cuts. I think everybody has been there at some point in their life. I know I have.
We all want the full cable package with all the premium channels, but if you can no longer afford things, you have to start cutting costs. Maybe you have to go to the basic package of 20 channels.
Fixing it in the old thinking was to print more money and worry about it later. Now, it is identifying the waste and also looking at what needs to be cut.
Getting spending in line with the reality of the situation is the only real fix, and you know it.
The problem we face is the average American likes to think buy American and support American workers, but they live in a Wal-Mart mentality. Union workers buying non union goods. You don't see the issue here?
I am speaking in general terms here and not addressing you so much, but it is time for people to walk the walk or shut-up.
If everybody had like minds, we would never learn.
The entire thing about "So you don't care they're paying immigrants poverty wages?" thing was hilarious. Now they advocate they be called gang members with no evidence it's true and sent to a prison in El Salvador and Guantánamo Bay.
And having a tantrum because a judge expects them to show they're actually gang members first as trump's lawyers fight even doing that much.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
The entire thing about "So you don't care they're paying immigrants poverty wages?" thing was hilarious. Now they advocate they be called gang members with no evidence it's true and sent to a prison in El Salvador and Guantánamo Bay.
And having a tantrum because a judge expects them to show they're actually gang members first as trump's lawyers fight even doing that much.
But if they are illegally in this country, we have every right to expel them, so there is that. We shouldn't have to fight to prove they are gang members. All we have to show is they are here illegally. Sorry man, you are on the wrong side of the issue here. At worst they are illegal criminal gang members. At minimum they are illegal aliens. Either way we have the right to ship them out of town.
And for the record, I am not in favor of just shipping everybody out. If they are here being productive members of our society we need to find an expedited way of giving the legal status.
Heck, we have large segments of our legal population who are pretty much useless members of society. I'd like to ship them out.
If everybody had like minds, we would never learn.
I disagree. They are finding all sorts of boondoggle spending and cutting it off.
Look, nobody likes cuts. I think everybody has been there at some point in their life. I know I have.
We all want the full cable package with all the premium channels, but if you can no longer afford things, you have to start cutting costs. Maybe you have to go to the basic package of 20 channels.
Fixing it in the old thinking was to print more money and worry about it later. Now, it is identifying the waste and also looking at what needs to be cut.
Getting spending in line with the reality of the situation is the only real fix, and you know it.
The problem we face is the average American likes to think buy American and support American workers, but they live in a Wal-Mart mentality. Union workers buying non union goods. You don't see the issue here?
I am speaking in general terms here and not addressing you so much, but it is time for people to walk the walk or shut-up.
Dude, there are a lot of people thrown into homelessness because of sweeping cuts and layoffs every year. I can only imagine how these numbers will grow now. And you compare it to a cable package downgrade. Geez. Ok bro.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
But if they are illegally in this country, we have every right to expel them, so there is that. We shouldn't have to fight to prove they are gang members. All we have to show is they are here illegally. Sorry man, you are on the wrong side of the issue here. At worst they are illegal criminal gang members. At minimum they are illegal aliens. Either way we have the right to ship them out of town.
Are you playing dumb here? Who said a single word about not deporting them? I didn't. Nobody in this thread did. You seriously can't see the difference in "deporting them" and " sending them to a prison in El Salvador and Guantánamo Bay" without providing proof they are gang members?
Quote
And for the record, I am not in favor of just shipping everybody out. If they are here being productive members of our society we need to find an expedited way of giving the legal status.
I've been saying that all along.
Quote
Heck, we have large segments of our legal population who are pretty much useless members of society. I'd like to ship them out.
Don't be surprised if trump joins you in trying to expel actual citizens he doesn't like.
Murica! Freedumb!
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
I disagree. They are finding all sorts of boondoggle spending and cutting it off.
Look, nobody likes cuts. I think everybody has been there at some point in their life. I know I have.
We all want the full cable package with all the premium channels, but if you can no longer afford things, you have to start cutting costs. Maybe you have to go to the basic package of 20 channels.
Fixing it in the old thinking was to print more money and worry about it later. Now, it is identifying the waste and also looking at what needs to be cut.
Getting spending in line with the reality of the situation is the only real fix, and you know it.
The problem we face is the average American likes to think buy American and support American workers, but they live in a Wal-Mart mentality. Union workers buying non union goods. You don't see the issue here?
I am speaking in general terms here and not addressing you so much, but it is time for people to walk the walk or shut-up.
The evidence that they are sustaining cuts is suspect, at best. Nobody can say it with specificity at this point. At some point, however, we will have to look at where our spending/deficit/etc is. Also need to factor in the desired revenue cut that this administration espouses.
Really what it'll come down to for all of us - left, right or center - is we need to look at an objective, cumulative was-is comparison of spending, deficit and revenue and see if we're actually better off or not.
Blue ostriches on crack float on milkshakes between the sidewalk titans of gurglefitz. --YTown
In a way you are right, even if you arrive at the thought without knowing why it is happening.
It's happening because we are being crushed by debt and have very little control over what the country spends. The answer we have followed for 40 years is to print more money.
Every time we do that it makes the money already out there less valuable.
It's really no different than the family who keeps getting deeper and deeper in to their credit card. Once that is maxed out, they go out and get another credit card.....like printing money.
Sooner or later it isn't sustainable.
I understand the economics, but also see the root cause. Elite agendas and elite handouts.
Our massive debt is from the rich not paying their share and getting trillions in handouts. Money must flow, not just in…. Welfare Kings. This is Reagan’s legacy biting us in the ass… 45 years of trickle down ponzi scheme.
The entire thing about "So you don't care they're paying immigrants poverty wages?" thing was hilarious. Now they advocate they be called gang members with no evidence it's true and sent to a prison in El Salvador and Guantánamo Bay.
And having a tantrum because a judge expects them to show they're actually gang members first as trump's lawyers fight even doing that much.
But if they are illegally in this country, we have every right to expel them, so there is that. We shouldn't have to fight to prove they are gang members. All we have to show is they are here illegally. Sorry man, you are on the wrong side of the issue here. At worst they are illegal criminal gang members. At minimum they are illegal aliens. Either way we have the right to ship them out of town.
And for the record, I am not in favor of just shipping everybody out. If they are here being productive members of our society we need to find an expedited way of giving the legal status.
Heck, we have large segments of our legal population who are pretty much useless members of society. I'd like to ship them out.
I’ve got zero issues with removing those illegally here by deporting them to their country of origin or another country willing to take them in. NOBODY deserves to be sent to El Salvador prison labor camps and Guantánamo Bay torture facilities for being here illegally. Now if those gang members committed murder or compatibly severe crimes, then El Salvador and Guantánamo Bay… but only in those proven in court instances. And that still may be unconstitutional.
Heck, we have large segments of our legal population who are pretty much useless members of society. I'd like to ship them out.
Not that I 100% disagree with many people being useless, but stripping them of citizenship is fascist af. We need to make education and job training a high priority and invest in that ‘useless’ class to make them productive. Imagine how many Einsteins we’ve wasted by the way we educate… who knows what the world could be if we started giving a damn about the individual again and stopped praying to the profit godz.
And if you want low crime, create more opportunity. It’s so stupid simple and obvious but the rich don’t want anything that helps people. Many of our major issues have simple non-complex solutions, but the lack of common sense in the DC LOBBY-VERSE is unhinged. Just like now, two trillion in tax breaks for the elite on the backs of the poor is ridiculous and absurd. That must be off the table now. And an agenda that thinks of people first from the bottom up, taxing the elite, is how we get back to the prosperity of the 50s. It’s the ONLY way we get there.
We do need an act of Congress... because that's how our laws work. 1 dude scrawling his signature on a blank piece of paper isn't a law (it is in some countries, though... is that what you're after?).
"I'll take your word at face value. I have never met you but I assume you have a face..lol"
I don't know if you saw either Tweet you just responded to -- we obviously didn't need an act of Congress to secure the border. Didn't need an act of Congress to open the doors wide and roll out a red carpet, didn't need one to shut that ish down.
The entire thing about "So you don't care they're paying immigrants poverty wages?" thing was hilarious. Now they advocate they be called gang members with no evidence it's true and sent to a prison in El Salvador and Guantánamo Bay.
And having a tantrum because a judge expects them to show they're actually gang members first as trump's lawyers fight even doing that much.
But if they are illegally in this country, we have every right to expel them, so there is that. We shouldn't have to fight to prove they are gang members. All we have to show is they are here illegally. Sorry man, you are on the wrong side of the issue here. At worst they are illegal criminal gang members. At minimum they are illegal aliens. Either way we have the right to ship them out of town.
And for the record, I am not in favor of just shipping everybody out. If they are here being productive members of our society we need to find an expedited way of giving the legal status.
Heck, we have large segments of our legal population who are pretty much useless members of society. I'd like to ship them out.
I’ve got zero issues with removing those illegally here by deporting them to their country of origin or another country willing to take them in. NOBODY deserves to be sent to El Salvador prison labor camps and Guantánamo Bay torture facilities for being here illegally. Now if those gang members committed murder or compatibly severe crimes, then El Salvador and Guantánamo Bay… but only in those proven in court instances. And that still may be unconstitutional.
The one wrinkle in this whole situation that you both are ignoring is the total lack of due process.
We're now hearing stories of people who have been shipped to ES that are here legally.
The entire thing about "So you don't care they're paying immigrants poverty wages?" thing was hilarious. Now they advocate they be called gang members with no evidence it's true and sent to a prison in El Salvador and Guantánamo Bay.
And having a tantrum because a judge expects them to show they're actually gang members first as trump's lawyers fight even doing that much.
But if they are illegally in this country, we have every right to expel them, so there is that. We shouldn't have to fight to prove they are gang members. All we have to show is they are here illegally. Sorry man, you are on the wrong side of the issue here. At worst they are illegal criminal gang members. At minimum they are illegal aliens. Either way we have the right to ship them out of town.
And for the record, I am not in favor of just shipping everybody out. If they are here being productive members of our society we need to find an expedited way of giving the legal status.
Heck, we have large segments of our legal population who are pretty much useless members of society. I'd like to ship them out.
I’ve got zero issues with removing those illegally here by deporting them to their country of origin or another country willing to take them in. NOBODY deserves to be sent to El Salvador prison labor camps and Guantánamo Bay torture facilities for being here illegally. Now if those gang members committed murder or compatibly severe crimes, then El Salvador and Guantánamo Bay… but only in those proven in court instances. And that still may be unconstitutional.
The one wrinkle in this whole situation that you both are ignoring is the total lack of due process.
We're now hearing stories of people who have been shipped to ES that are here legally.
Heck, we have large segments of our legal population who are pretty much useless members of society. I'd like to ship them out.
Not that I 100% disagree with many people being useless, but stripping them of citizenship is fascist af. We need to make education and job training a high priority and invest in that ‘useless’ class to make them productive. Imagine how many Einsteins we’ve wasted by the way we educate… who knows what the world could be if we started giving a damn about the individual again and stopped praying to the profit godz.
And if you want low crime, create more opportunity. It’s so stupid simple and obvious but the rich don’t want anything that helps people. Many of our major issues have simple non-complex solutions, but the lack of common sense in the DC LOBBY-VERSE is unhinged. Just like now, two trillion in tax breaks for the elite on the backs of the poor is ridiculous and absurd. That must be off the table now. And an agenda that thinks of people first from the bottom up, taxing the elite, is how we get back to the prosperity of the 50s. It’s the ONLY way we get there.
I am all for education. I have been a proponent of that for years. College is great for those who go and actually get a meaningful degree. The problem is many go who have no real reason to go. They get some useless degree with little hope of getting out of debt.
Our public schools are a mess. We are teaching all kinds of woke crap, and educational crap that isn't going to help many. Let's face it, by the 8th or 9th grade you know if a student is a good pupil or not. After that point many of those kids aren't learning anything that is going to help them in an everyday context. They turn off and ride it out for 2-3 years or they drop out.
We need to divert those kids in to work training programs. The old technical school platform. Get them working half days in apprentice type programs. We need to keep them engaged. The really brilliant kids are always going to be that way. They are going to go on and become Dr's, engineers, programmers, chemists, etc. God Bless them, we need them.
We can't forget the other kids because we still need mechanics, plumbers, chefs, care workers, etc., etc. God Bless them, we need them.
If everybody had like minds, we would never learn.
We do need an act of Congress... because that's how our laws work. 1 dude scrawling his signature on a blank piece of paper isn't a law (it is in some countries, though... is that what you're after?).
You seem to think they care about how the law works. They don't. They think trump is a king and everything should be done by decree.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Today, the day after “Liberation Day”, the dow fell 1679 pts. I think this is just the beginning. Companies are announcing layoffs and cut backs now. The world wide markets are reacting. I expect the dow to fall another 1000 or so tomorrow. If this is winning, tell me how.
I don't know if you saw either Tweet you just responded to -- we obviously didn't need an act of Congress to secure the border. Didn't need an act of Congress to open the doors wide and roll out a red carpet, didn't need one to shut that ish down.
It's almost as if operating via EOs isn't a consistent and reliable way to ensure something stays fixed... isn't it?
"I'll take your word at face value. I have never met you but I assume you have a face..lol"
I don't know if you saw either Tweet you just responded to -- we obviously didn't need an act of Congress to secure the border. Didn't need an act of Congress to open the doors wide and roll out a red carpet, didn't need one to shut that ish down.
It's almost as if operating via EOs isn't a consistent and reliable way to ensure something stays fixed... isn't it?
It isn't, but in a polarized political climate it seems the only way to get things done...at least for 4-8 years.
Just a non-political observation. No matter which party brings up something, the opposite party automatically thinks it sucks.
It isn't good, but that's where we are at.
If everybody had like minds, we would never learn.
Today, the day after “Liberation Day”, the dow fell 1679 pts. I think this is just the beginning. Companies are announcing layoffs and cut backs now. The world wide markets are reacting. I expect the dow to fall another 1000 or so tomorrow. If this is winning, tell me how.
It may go down for a while. But soon the bargain hunters will start hunting and off set much of this.
How will this help, I explained in another thread, but it will bring jobs back onshore. Real jobs. Not just service jobs. But, it will take some time. It isn't going to happen in a matter of weeks, or even months.
We had a nice conversation the other day, I appreciated that. I hear you talking about the rich not paying a fair share. Before we can actually determine that, what exactly do you and others consider rich? I know we will have answers all over the board.
I know we all consider people like Musk, even Haslam being super rich. I also think that people making 50K a year don't consider people making 100K a year rich..at least I hope not
I also understand that people making 15K a year might consider people making 30K a year rich. I hope we can all discount that view.
If everybody had like minds, we would never learn.
corporations are not people, so stop comparing an entity's profit to individual salaries, especially when those same entities increase their revenue by forcing employees to work longer hours for less effective pay, regardless of profitability. anybody making anything less than 250k is gonna feel the negative effects of this nonsense. it's the people running things at the top that don't pay their fair share. not some CPA, Doctor, or fast food worker with rent/mortgage like everyone else.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
So, at 1:45 pm the dow is down another 1600 almost 1700. Peen, what you are seeing is the crash the billionaires bet on. And when it hits it’s low, their will be bargain shoppers… the elite will buy much of it back at a huge discount. This is hitting 401ks with a reverse robinhood.
You and some of your cronies on here aren't "everybody" no matter how high and mighty you think you are.
It's odd how on one thread you can make claims that someone said something they didn't because "you know what they meant". But when the role is reversed? Not so much.
As you would say, "It's there in black and white for everyone to see."
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
You and some of your cronies on here aren't "everybody" no matter how high and mighty you think you are.
It's odd how on one thread you can make claims that someone said something they didn't because "you know what they meant". But when the role is reversed? Not so much.
As you would say, "It's there in black and white for everyone to see."
Aaaaand now you're seeing ghosts again.
I said nothing about being "everybody", I said nothing that would indicate "high and mighty".
OCD said this was all a plot so that billionaires could sell all of their stakes and then strategically buy them back at the bottom. I said I'm buying now, he said this isn't the bottom, he even called me a fool for buying so early. I said it doesn't matter if you make 20%
Please describe the psychosis-induced gymnastics required to turn that into I'm high and mighty and better than everyone else. Try not to start with "you see" or "it's odd"... everybody here generally quits reading right after that.
Working class Americans for the most part don't have such an advantage and as much as it pains you to admit it you know that's true. But that doesn't seem to bother you............
Quote
So what. I'll be up 20% when the market's at 50000 in less than a year.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
So day two of the aftermath of “Liberation Day” we saw another 2300 point fall in the dow. A talking head said that’s in the neighborhood of 8 TRILLION dollars lost. Libertarians are turning on Trump. Some republicans are turning on Trump. Barstool sports guy had a melt down as he realized he was 7 million down. And some posters here at DT are saying, “More please!”… ycmtsu.
I expect at least one more day of significant falling as other countries will respond with counter-tariffs by the first part of the week. Cheers to $3500 iphones. Smh.
The reality of the Trump tariff policy is just beginning to sink in and it is not good.
There will be a lot of surcharge attempts to cover the additional cost of tariffs for imported goods that were purchased but not delivered when the tariffs went into effect.
Nike moved its production from China to Vietnam, and now gets slammed with a higher tariff.
I hope common sense takes over and Congress gets the courage to reverse the course.
This was just too radical of a change to drop without warning or an incremental approach.
Welcome back, Joe, we missed you!…. That did not age well.
It would take a monumental effort for Congress to break free. When you break from the admin, the wrath is swift and the wake is littered with corpses. Look at the House Republicans who voted for impeachment. Look at Mitch McConnell, once arguably the most powerful Republican, sitting completely neutered. Romney is out.
You’re either dead in the water, like the people I just mentioned, or you’ve completely capitulated (Rubio, Vance, Graham et al). Very, very few still remain. And the ones who do, still provide some minimal amount of lip service.
I don’t think Republicans would turn against Trump in full until they were absolutely sure if self preservation, which is the goal the vast majority of our politicians in general have above all else.
Blue ostriches on crack float on milkshakes between the sidewalk titans of gurglefitz. --YTown
bro he messed with old white money. not rich white guy money, OLD white money. Even i know thats a big no-no.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
WE are three months into 48...or....more cuz Trump going to change Constitution....and we much greater now than before.....all our institutions are humming and everyone is working together now that border is secure....inflation- fixed, stock market- up, Trump won another golf championship.....all is GREAT. Right.
"You've never lived till you've almost died, life has a flavor the protected will never know" A vet or cop
WE are three months into 48...or....more cuz Trump going to change Constitution....and we much greater now than before.....all our institutions are humming and everyone is working together now that border is secure....inflation- fixed, stock market- up, Trump won another golf championship.....all is GREAT. Right.
FIFY… I knew you were being sarcastic, some didn’t.
“On one side, the president is reordering trade,” Bessent said. “On the other side, we are shedding excess labor in the federal government, and bringing down federal borrowings.”
“That will give us the labor that we need for the new manufacturing,” Bessent continued, arguing artificial intelligence and automation would limit how many workers needed to fill new jobs.
I could swear somebody said we were getting ready to hit automation-ai-robot era in manufacturing a few months months ago, and that these billionaires are taking steps to insure they control and profit from it while we get to fight over scraps… damn radical lunatic lefty conspiracy BS.
And why would they think the laid off federal workers, mostly white colar jobs, would make good robotic automation techs? I smell BS. We are all about to be thrown to the wolves.
I think it's just more crap being spewed as per usual. New factories will be built with automation far more than workers. And why would college educated people want to work in factories doing manufacturing jobs? This smokescreen is so easy to see through it isn't even putting off smoke.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
“On one side, the president is reordering trade,” Bessent said. “On the other side, we are shedding excess labor in the federal government, and bringing down federal borrowings.”
“That will give us the labor that we need for the new manufacturing,” Bessent continued, arguing artificial intelligence and automation would limit how many workers needed to fill new jobs.
I don’t want to share my immediate reactions to the article, so I’ll just ask, what does everyone think of this?
That all sounds great but none of those things happen overnight. That "excess labor" is going to have to wait a while until all these new mfg plants get set up... if they ever do.
"I'll take your word at face value. I have never met you but I assume you have a face..lol"
I think it's just more crap being spewed as per usual. New factories will be built with automation far more than workers. And why would college educated people want to work in factories doing manufacturing jobs? This smokescreen is so easy to see through it isn't even putting off smoke.
Because AI essentially nullifies the average 4 year degree. AI and modernization can replace most of those jobs in an office environment. That’s the only thing I can think they are thinking. They are so stupid, Elon probably has them thinking we already have SUPER intelligence.
I think it's just more crap being spewed as per usual. New factories will be built with automation far more than workers. And why would college educated people want to work in factories doing manufacturing jobs? This smokescreen is so easy to see through it isn't even putting off smoke.
Because AI essentially nullifies the average 4 year degree. AI and modernization can replace most of those jobs in an office environment. That’s the only thing I can think they are thinking. They are so stupid, Elon probably has them thinking we already have SUPER intelligence.
I wouldn't worry about that OCD!!! Probably safe there!
"The problem with socialism is that you eventually run out of other peoples' money." Margarat Thatcher
I bought Bitcoin - it went up by 30% in about a month when I did. And then it went down. I had to sell in the end - broke even or maybe 10% up over 8-10 months. would have got back in if I could have about 2 years ago.
I have no real or deep understanding of how or why it goes up or down - other than sometimes Musk talking about how he was going to accept purchase of Tesla cars with Bitcoin at one point - It's a speculation play. I have had friends who are believers explain it to me - and as a world currency it makes some sense. As a finite supply it makes sense ... but the other cryptos are not finite. The other cryptos seem to spawn like weeds and blow hot or cold like fashion. That's hard for me to wrap my head around.
All that said - if Bitcoin has lost half it's value over the last 3 months. . . it probably means it will double in value at some point over the next 24 months. That's not guaranteed - but with a chunk of investment money you can afford to lose, it's not a bad speculative play.
Last edited by mgh888; 02/07/2604:56 AM.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
He mentioned truths about "the guy running our country". Bitcoin has no product, it is purely a piece of paper or coin which "someone" says is worth X. It is for folks who have to much money or not enough and what you to buy into the con. Trump started one so he can fleece same people again. Peace.
"You've never lived till you've almost died, life has a flavor the protected will never know" A vet or cop
Can a MAGAt tell me what they voted for? Trump put US here. He’s had over a year now. And he finds the time to post a meme of Barrack and Michelle depicted as apes. How do sleep at night supporting this despicable person.
Hiring down. Layoffs starting to happen. Job seekers having a hard time finding jobs. Inflation still out of control. Automobile costs up and repairs have tripled. Insurance on homes, cars, and health are through the roof. Groceries prices still climbing. Restaurant prices still climbing. All while Ice is murdering US in the streets.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
Don't forget Donald Trump is a good Christian, sells bibles with his name on it, but can't/won't qoute a single passage that has mean to him. His answer- all of it. He hates many, but claims Christian belief. I hate no one, we are all made in God's image, but we can dislike people for how they conduct their lives. Peace.
"You've never lived till you've almost died, life has a flavor the protected will never know" A vet or cop
I think your elevator got off at the wrong floor; he was talking about Bitcoin.
No the elevator is working just fine. But a person that supports a man who is a convicted felon and a suspected Pedo... So why should I take anything he says seriously... Bitcoin or the weather of the price of Rice in China.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
He mentioned truths about "the guy running our country". Bitcoin has no product, it is purely a piece of paper or coin which "someone" says is worth X. It is for folks who have to much money or not enough and what you to buy into the con. Trump started one so he can fleece same people again. Peace.
This is pointless because the convo has already gone off the reservation....
But, (IMO... so a HEAVY dose of FWIW), bitcoin is interesting because much of what people argue makes it "fake" or a scam is the same or at least a little too close to "legit" currencies. I'll also go ahead and admit that at least a portion of my opinion is probably due to an overly-simplified view of the whole crypto thing. I got the "elevator speech" on crypto and decided it wasn't for me.
Personally, I'm not a fan because it's current actual use is 100% for speculation. The dream was to make a new currency not tied to any central banking system... the timeline for this is still stuck in its infant stage. I never could wrap my brain around a currency that was 100% digital....
So the part of your post ("it is purely a piece of paper or coin which "someone" says is worth X") isn't, if I understood correctly, correct. Crypto is actually less than that. But when you think about it, most (if not all) modern day "legit" currencies really aren't all that different. We see plenty of these currencies lose significant value like bitcoin has here. I guess the only real difference is larger currencies have systems and governments that have a vested interest in keeping them propped up.
"I'll take your word at face value. I have never met you but I assume you have a face..lol"
Ya know what, You don't see me or people that think like me putting 10 foot flags on our Pick up trucks. You don't see us wearing stupid red hats or jackets.. We don't act like some politician is our Lord and Savior.. We don't profess our never ending love for a politician... Any politician. Especially those that have committed crimes and have been convicted of said crimes.
Those with TDS are those that support that politician. So no, I'm not suffering from TDS.. Not even a little...
Oh, TDS isn't a recognized syndrome. It's made up by idiots that use it to bash those that don't think like them.....
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
Ah. TDS. That 12 year old BS every trump supporter repeats when they have no defense for the things he says and does. Somehow they think it makes them smart to blame others for bringing up what a POS trump really is.
TDS = I got nothing.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
The economy has finally run out of Biden Bucks coupled with keeping interest rates too high for too long.
Companies are laying people off and calling it because of "Ai" - it's not. It's because the consumer demand no longer exists and credit cards are maxed.
Next up - lenders are going to start tightening the credit they were extending to everyone.
Realistically, the only thing that is saving the economy from a total meltdown is that companies blaming "Ai" for the layoffs.
LMAO... of course it was Biden's fault right? Or the Feds fault right .... Never ever ever ever Trump and his taxes (ermmmmmmm tariffs) and tax cuts and .... no no Never Trump.
Last edited by mgh888; 02/11/2607:07 AM.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
Trump Screams About Tariffs And Supreme Court Case
Trump spent the first 20 minutes of his Thursday speech on the economy repeating misinformation about his tariff policies, eventually just yelling the word while complaining about how those policies are currently under review by the Supreme Court.
Speaking at the Coosa Steel plant in Rome, Georgia, the president — who has repeatedly proven that he does not understand how tariffs work — told attendees that the country "would be in such trouble right now" if it weren't for his policies.
"TARIFFS!" he shouted. "And I got to be before a court, can you believe it?"
The Supreme Court could decide as soon as Friday on whether some of Trump's tariffs are unconstitutional. A ruling that shuts down the president's tariff agenda could provide consumers financial relief, according to economists, since they have bore some of the brunt of related costs.
"I have to wait for this decision. I've been waiting forever – forever. And the language is clear that I have the right to do it as president," Trump said. "I have the right to put tariffs on for national security purposes. Countries that have been ripping us off for years, you know what they were doing? Using tariffs! What a country, so sad."
You may wish to look at the deficit under trump as well. He's printing bucks too.
This correction is a direct result of the gov handout to companies & people during covid.
this is correct. However, the biden bucks are the thing that put it way over the top.
Almost every economist warned them that this would happen years later.
Stop trying to blame trump increasing the deficit now to what happened years ago. Covid ear programs are over and trump's 2025 spending increases the deficit. It's classic BDS.
2025 had nothing to do with Covid. The U.S. federal budget deficit for fiscal year 2025 was $1.8 trillion, according to the Congressional Budget Office
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
There are additional considerations. If a large one-off fiscal stimulus to deal with an unprecedented shock, such as the COVID-19 stimulus, is terminated at some clearly determined time, it is unlikely that there will be long-term consequences for inflation expectations. But large fiscal stimuli that will not be an exception but the norm in the post-COVID era could lead to more serious concerns about surge in inflation.
Furthermore, any rise in inflation in the U.S. can have international ramifications. For instance, it may dissuade European conservative leaders from adopting the fiscal stimulus to finance Europe’s recovery from the pandemic. And a big fiscal stimulus is perhaps even more important for Europe, where the economic impact of the pandemic has been worse and the recovery weaker than in the U.S.
Estimating the impact of the American Rescue Plan No magic formula can reveal precisely how much the American Rescue Plan fueled inflation, but the general consensus is that it was a contributor. Some economists estimate that it added two percentage points to the rate, some say it added up to four percentage points. Put another way, out of the 8.5% rate in March, the measure accounted for something between one quarter to one half of inflation.
The macroeconomic implications of Biden’s $1.9 trillion fiscal package
By late 2021, we would likely see the economy operating above its maximum sustainable level. That positive output gap would likely put upward pressure on inflation, which the Federal Reserve has said would be welcome. A risk worth noting is that the return of GDP back to its maximum sustainable level may create a difficult economic period after 2021. While our estimates show a “soft landing,” with a temporary and shallow decline in GDP after the fourth quarter of 2021, the slowdown could be more abrupt and painful than our projections suggest.
Arguments that the Biden administration's stimulus, particularly the $1.9 trillion American Rescue Plan of 2021, harmed the economy later in 2024 center on fueling high inflation, increasing the national debt, and necessitating high interest rates.
Critics argue this excess demand contributed significantly to the cost-of-living crisis. Others argue the stimulus caused long-term inflationary pressure.
Inflationary Impact: The stimulus is widely seen as having contributed to a surge in demand, which, combined with supply chain issues, caused inflation to rise significantly between 2021 and 2024. Persistent High Costs: While inflation cooled, the cumulative effect of price increases during this period left many Americans struggling with a higher cost of living in 2024. Interest Rates: To combat the inflation partially caused by this spending, the Federal Reserve raised interest rates, leading to higher mortgage and borrowing costs for consumers in 2024. Debt and Deficit: The high deficit spending, including the stimulus, is associated with a rising national debt, which can create long-term economic drag.
I'm just curious as to why people think programs that ended well before 2025 would be increasing the budget in 2025? The only program I know of that still had any financial impact on the 2025 budget was the continuing credits for Obamacare. I don't doubt that trump will still try to blame Biden for their own failures because that seems to be their go to move.
But people are so tired of hearing that excuse by now it's more like The Boy Who cried Wolf.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Policies that impact inflation aren't a light-switch. Current-day inflation is the result of policies rolled out years ago.
That's why the whole inflation argument is usually pretty dumb. The admin that has had to answer for inflation during their years is rarely the one that who enacted the policies responsible for the numbers.
"I'll take your word at face value. I have never met you but I assume you have a face..lol"
Inflation rose to 8% in 2022 during the pandemic. That type of inflation was on a global scale and not limited to the U.S.
Biden did not set "global" policies. In December of 2024 the inflation rate was 2.9%. That was the last full month Biden was president.
I'm not so sure why anyone would think that after Biden lowered the inflation rate from 8% in 2022 to 2.9% in December of 2024 that's it's still his fault that trump has barely managed to move the needle.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
This correction is a direct result of the gov handout to companies & people during covid.
this is correct. However, the biden bucks are the thing that put it way over the top.
.
Your statement is false. You've cited Covid - then said the impact of Biden was worse and put it over the top. That's complete hogwash.
In case you haven't ben paying attention - the deficit has gone up under every administration. Nat Debt in 2019 pre-covid was $22,719 B. In just one covid year it jumped to $26,945 B. That's the single biggest impact no matter what political lens you want to look through.
So your statement is false - no matter what conservative leaning commentary you want to post. I have no doubt Biden enacted policy that added tot he debt. So did Trump. As have most admirations. I feel certain you would defend the Trump numbers during covid (rightly so) yet you want to use numbers from Biden administration during the Ukraine war that have impacted the world globally. It undermines any argument you try to contrive.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
Inflation rose to 8% in 2022 during the pandemic. That type of inflation was on a global scale and not limited to the U.S.
Biden did not set "global" policies. In December of 2024 the inflation rate was 2.9%. That was the last full month Biden was president.
I'm not so sure why anyone would think that after Biden lowered the inflation rate from 8% in 2022 to 2.9% in December of 2024 that's it's still his fault that trump has barely managed to move the needle.
Because some items won't be able to drop all that much. You have to remember their was a massive push to increase wages across the board. While the price of eggs has come down because chicken populations have risen, wages haven't. It's hard to reduce wages.
The reality is once prices escalate, they rarely ever revert back to a previous level except for possibly new technology that starts high then usually drop.
If everybody had like minds, we would never learn.
But let's get back to the actual premise shall we? The assertion was that this irreversible inflation was due to "policies" set by previous administrations.
Rising wages was not any policy set by any administration. Hell, the federal minimum wage has been the same since 2009. Many states have raised their minimum wage.
And secondly "inflation" has nothing to do with prices "going back down". Inflation is how much prices are increasing by. Those are two very different things.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Analysis: These two new economic numbers blew a hole in Trump’s rosy narrative By Daniel Dale
A vessel passes a container ship loaded with shipping containers at the Port of Los Angeles on February 20, 2026. Mario Tama/Getty Images Two new pieces of economic data, one released Thursday and one released Friday, blew another hole in President Donald Trump’s triumphant narrative about the effects of his tariffs.
The figures released early Thursday showed Trump had wildly overstated the impact of the tariffs on the trade deficit. The figures released early Friday showed he also had wildly exaggerated economic growth in the fourth quarter of 2025.
The Supreme Court struck down many of Trump’s tariffs later on Friday. But other tariffs remain in place, and Trump quickly said he plans to replace the ones the court declared illegal with new tariffs under a different law.
The trade deficit was down 0.2% in 2025, not down ‘78%’ Trump has for years highlighted the trade deficit – the difference between the value of US imports and exports – as a supposed example of how the US is being “ripped off” by other countries. (Many economists disagree with his characterization.) On Wednesday evening, he posted a celebratory message on social media.
“THE UNITED STATES TRADE DEFICIT HAS BEEN REDUCED BY 78% BECAUSE OF THE TARIFFS BEING CHARGED TO OTHER COMPANIES AND COUNTRIES,” the all-caps post began.
The next morning, though, the Bureau of Economic Analysis revealed the actual 2025 trade deficit in goods and services. It was nearly identical to the 2024 deficit, down just 0.2% — nowhere close to Trump’s professed “78%” decline. And the trade deficit in goods, the items subject to Trump’s sweeping global tariffs, was up 2.1% compared to 2024.
Trump didn’t make up the “78%” figure out of thin air, but it was still deceptive. He was citing an out-of-date and short-term number from October 2025, when the trade deficit was 78% lower than it was in January 2025. Experts cautioned at the time that the sharp October drop would be fleeting, the result of temporary fluctuations in gold and pharmaceuticals trade, and it was.
Trump’s Wednesday post was also inaccurate in suggesting his tariffs are paid by foreign countries. Tariff payments are made by US importers, not foreign exporters, and those importers often pass on some of their costs to consumers. While foreign exporters may sometimes drop their prices to try to keep their products competitive, various analyses have found that the overwhelming majority of the costs of the tariffs Trump has imposed this term are being covered by a combination of US businesses and US consumers.
Economic growth in fourth-quarter 2025 was 1.4%, not ‘5.6%’ The Bureau of Economic Analysis on Friday released another key set of figures — estimates on real gross domestic product (GDP) growth. These figures, too, were far from the number Trump had been touting.
Trump told the World Economic Forum in late January that “fourth-quarter growth is projected to be 5.4%, far greater than anybody other than myself and a few others had predicted.” He specified in a Cabinet meeting and a Wall Street Journal op-ed later in January that he was referring to a projection for the fourth quarter of 2025 from a model run by the Federal Reserve Bank of Atlanta. Then, in an early-February interview with NBC, he made it sound like 5.6% growth had already been achieved, saying, “I’m very proud of it: 5.6%. You know, we have a GDP of 5.6 despite a shutdown.”
By the time of the op-ed, the Cabinet meeting and the interview, though, the Atlanta Fed’s model was down to a projection of 4.2% fourth-quarter 2025 growth. Various other forecasts were even lower than that. And contrary to Trump’s comment to NBC, forecasts aren’t reality.
The figures released Friday show just how far from reality his “5.6%” claim was. The economy actually grew at an annualized rate of just 1.4% in the fourth quarter of 2025, much slower than the 4.4% growth in the third quarter of 2025.
The fall government shutdown was a significant factor in the weak figure. Still, Trump claimed growth was 5.6% despite the shutdown, which wasn’t close to correct.
And what of Trump’s vague claim from a speech on the economy Thursday in Georgia, that “our country was dead” a year ago under former President Joe Biden, but “now we have the hottest country”? The US economy grew at just 2.2% in 2025, new full-year figures showed — lower than in every year of the Biden administration and every year of the first Trump administration other than 2020, when the Covid-19 pandemic hit.
But let's get back to the actual premise shall we? The assertion was that this irreversible inflation was due to "policies" set by previous administrations.
Rising wages was not any policy set by any administration. Hell, the federal minimum wage has been the same since 2009. Many states have raised their minimum wage.
And secondly "inflation" has nothing to do with prices "going back down". Inflation is how much prices are increasing by. Those are two very different things.
Are you trying to argue that Biden did NOT make inflation worse with all of the stimulus money he put out there when the country was coming out of COVID?
"I'll take your word at face value. I have never met you but I assume you have a face..lol"
Are you trying to argue that Biden did NOT make inflation worse with all of the stimulus money he put out there when the country was coming out of COVID?
Injecting money via stimulus packages - or increasing taxes (tariffs) both serve to put upward pressure on inflation. As does energy costs (or energy price volatility due to the war in Ukraine), labor costs (and therefore labor supply) ... and overall, obviously consumer demand. Covid was a double whammy because after an initial dip in consumer demand - during 2020-2021 consumer demand for goods increased and supply chains were hit - remember when you couldn't get a PS5 for love nor money? New car inventory another example.
So Biden definitely increased inflation with stimulus money. However - just like the Obama stimulus after 2008, you can easily argue that the benefit outweighed the cost. From first hand experience in 2008 the Obama stimulus's kept large parts of the industrial construction sector up and running and people in jobs.
However - the OP was about the amount the wealth divide. If you ever watch a Garys Economics, it's hard to deny he's correct with regard to how and why the (super) rich are getting even more super rich. Whether he has the answers to correct that is doubtful - I've only ever watched a couple of his videos.
The recent discussion was about 2025 and Trump and inflation - I know I commented on a piece of "alternative facts" inferring Biden was more responsible and had a bigger impact on inflation than Covid. Untrue. The biggest two factors on inflation in the last 6 years have been Covid and the war in Ukraine. With that said - Trumps tariffs are simply a tax. Reliable reports are consistent in saying a minimum of 90% of al tariff costs are passed on to the US consumers... something anyone with a brain can acknowledge. If any one of us had an import business and our costs were raised by X% - we are simply going to pass that cost on.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
A sound comment after several which made you sound unhinged. Welcome back.
I agree with the decision on it being a tax or sorts. Congress has that power.
That said, maybe it's just me but I haven't seen any real increase in prices. Eggs are down, gas is down.
Lots of things have remained close to what they have been. Beef is high. One thing not being mentioned is wage increase over the last 5 years or so. I am not making the argument they shouldn't have gone up but they clearly impact the rate of inflation. Wage increases are passed along just like tariffs are passed along.
This is more a comment than any form of rebuttal to any posted comments.
If everybody had like minds, we would never learn.
At the risk of sounding like an armchair QB, one could (easily) argue that Biden's stimulus went way overboard. I understand that the admin's intent was to help people get back up after the worst of COVID, but IMO he way overcorrected.
Aside from that, I have no issue/argument with the rest of your response (particularly the part where you're trying to get the thread back on topic). Thanks.
"I'll take your word at face value. I have never met you but I assume you have a face..lol"
A sound comment after several which made you sound unhinged. Welcome back.
.
Thanks. I never went away - I just respond to posters in the same way they post. And when they post crap, and spew lies from SM accounts - they get called on it and I don't try to word it eloquently or construct a nice debate point. At the moment it seems like there is silence except when one of the extreme lefties posts something extreme or emotive and then someone will pop on to ridicule the post but avoid all substantive discussion on the main topic.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
I think while we were still in that early after Covid stage, it was impossible to see how quickly things would normalize. I don't disagree with what you said, just pointing out that we're saying it with the benefit of hindsight. It's like grading the draft after watching a season of the way the players perform.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
Are you trying to argue that Biden did NOT make inflation worse with all of the stimulus money he put out there when the country was coming out of COVID?
I'm saying and I repeat, in 2022 the inflation rate in the U.S. was 8%. Such a high rate was reflected on a global scale. Biden was not president of the globe.
During the last full month Biden was president, December of 2024 the inflation rate was 2.9%. A reduction of a full 5%. I'm not sure how Biden cut inflation by 5% if things were so bad.
I don't think there's any way someone can say that handing out money is good for the economy. I do believe that in this case it was needed however. And why pray tell are you singling Biden out when trump did the same thing? Not only did trump hand out stimulus checks, he also added covid tax cuts in the CARES act.................
The Coronavirus Aid, Relief, and Economic Security Act,[b][1] also known as the CARES Act,[2] is a $2.2 trillion economic stimulus bill passed by the 116th United States Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.[3][4] The spending primarily includes $300 billion in one-time cash payments to individual people who submit a tax return in America (with most single adults receiving $1,200 and families with children receiving more[5]), $260 billion in increased unemployment benefits, the creation of the Paycheck Protection Program that provides forgivable loans to small businesses with an initial $350 billion in funding (later increased to $669 billion by subsequent legislation), $500 billion in loans for corporations, and $339.8 billion to state and local governments.[6]
I understand that somehow through the aftermath of covid it has become popular to say "Yeah but Biden made a mess and now trump has to deal with that mess!" has become a popular go to. Handing out money and cutting the governments income both have a negative impact. Both trump and Biden contributed to the "mess" if that's what you want to call it. I thought cutting inflation from 8% to 2.9% in two years was doing a pretty good job.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Our country has been giving out free money for decades--- Bush, 2008- 1,200 per couple PLUS 300 for each child at home--- our system is built on giving away money we don't have to poor and ALL of us to stop "depressions". Don't say Democrats are the only idiots. They just make the poor helpless by provide free everything, buying votes.
"You've never lived till you've almost died, life has a flavor the protected will never know" A vet or cop
Sort of like how Republicans hand out tax cuts to buy votes? I mean come on. When you give away money by cutting your income while you continue to spend like a drunken sailor, while at the same time being trillions and trillions of dollars in debt, that's no less catering to your base to buy votes than what the democrats do.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Sort of like how Republicans hand out tax cuts to buy votes? I mean come on. When you give away money by cutting your income while you continue to spend like a drunken sailor, while at the same time being trillions and trillions of dollars in debt, that's no less catering to your base to buy votes than what the democrats do.
That is not an accurate statement. When taxes are cut for people who actually work to make their wage. It is allowing people to keep more of what they already earned. Then those same people spend more money. So, the taxes generated are about the same in the end. but the economy gets a boost. Lowering taxes is not a handout. Those getting the benefit actually earned it. That is a huge difference.
"The problem with socialism is that you eventually run out of other peoples' money." Margarat Thatcher
Let me explain to you just how much sense that doesn't make.
If your family is in debt by 500k and you can barely afford to pay the interest on that debt, how much sense would it make for you to take a pay cut or cut your income?
Because that's exactly what you're endorsing here only it's the government in that situation instead of your family. And don't give me that "but you can cut your spending" nonsense because Republicans in power spend as much as Democrats they just choose to spend the money on different things. Fiscal responsibility would be an excellent talking point if such a thing still existed but it doesn't.
If you give someone a 5k tax cut and they spend 80% of it, that means they spent 4k of it. Even if the tax rate on spending was 15% you would recuperate a grand total of $600 out of 5k
Do you pay 15% or more in sales tax?
Your math doesn't math.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Let me explain to you just how much sense that doesn't make.
If your family is in debt by 500k and you can barely afford to pay the interest on that debt, how much sense would it make for you to take a pay cut or cut your income?
Because that's exactly what you're endorsing here only it's the government in that situation instead of your family. And don't give me that "but you can cut your spending" nonsense because Republicans in power spend as much as Democrats they just choose to spend the money on different things. Fiscal responsibility would be an excellent talking point if such a thing still existed but it doesn't.
If you give someone a 5k tax cut and they spend 80% of it, that means they spent 4k of it. Even if the tax rate on spending was 15% you would recuperate a grand total of $600 out of 5k
Do you pay 15% or more in sales tax?
Your math doesn't math.
I could cut some spending. They need to cut a lot of spending. Needless to say, if your able bodied and you're not working you should not get a penny spent on you!!!! Get rid of the handouts to those that can work. Those handouts are to by votes and build a dependent class. Tax cuts are to give those that play by the rules and are productive more of what they already earned.
"The problem with socialism is that you eventually run out of other peoples' money." Margarat Thatcher
It seems you've lost your way again. This discussion was about Covid relief and Covid tax cuts. Millions of Americans were out of their jobs during Covid through no fault of their own. They weren't "bums". I don't doubt you could cut spending. And a lot of people would suffer greatly as a result.
But the discussion is that's not what Republicans are doing and hasn't been for a long time now. Try to focus.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
This correction is a direct result of the gov handout to companies & people during covid.
this is correct. However, the biden bucks are the thing that put it way over the top.
.
Your statement is false. You've cited Covid - then said the impact of Biden was worse and put it over the top. That's complete hogwash.
read the articles I posted by 3rd parties who said it over stimulating the economy would do exactly what it did and the aftermath of it in 2025 and now.
Your opinion - supported by right leaning think tanks. And I did not say that Biden didn't increase inflation or impact the economy. I said the impact was less than the worldwide pandemic ... you know, simply sticking to the facts.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
So I suppose you forgot about trumps stimulus checks or Covid tax cuts? It's funny how some of you have such a selective memory. Well not funny per se.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
So I suppose you forgot about trumps stimulus checks or Covid tax cuts? It's funny how some of you have such a selective memory. Well not funny per se.
For reference:
Trump was in office from January 20, 2017, and his presidency ended on January 20, 2021 He was the 45th president.
Biden's was in office from January 20, 2021, and ended on January 20, 2025. He was the 46th president.
45 comes before 46.
That means:
Biden came into office after Trump's first term.
Biden passed his Biden Bucks Bill after Trump was no longer in office.
Biden was warned by economists that his bill was too big and would overstimulate the economy.
Biden's stimulus overcooked the economy.
If someone held a gun to your head, you would think covering your ears would stop a bullet.
So trump's stimulus checks and tax cuts don't count? One set of checks hurt the economy and the other set didn't? Anyone who isn't brainwashed knows that no matter who hands out the money it all hurts the economy. For future reference it's called "the cumulative effect". If someone held a gun to your head you would still swear trump has never been wrong about anything.
Your theory..... "Yes little Donny shot a guy but little Joey shot a guy after that. So the shooting little Donny committed doesn't count anymore."
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Price bump may signal inflation is on the rise Lucia MutikanReuters Feb. 27, 2026, 10:26 a.m. ET
Help me understand the bigger picture of current events.
How did tariffs affect trade services margins?
Why do Americans feel broke despite cooling inflation?
What core PCE inflation rate is expected by March?
Help me understand the bigger picture of current events.
U.S. producer prices increased more than expected in January, likely as businesses passed on higher costs from import tariffs, suggesting inflation could pick up in the months ahead.
The Producer Price Index for final demand rose 0.5% last month after advancing by a downwardly revised 0.4% in December, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast the PPI gaining 0.3% after a previously reported 0.5% increase in December.
A 0.8% jump in services accounted for the rise in the PPI. That reflected a 2.5% increase in trade services, which measure changes in margins received by wholesalers and retailers. There was a 14.4% surge in margins for professional and commercial equipment wholesaling, suggesting businesses were passing on tariffs.
Prices also increased for apparel, footwear and accessories retailing, as well as chemicals and allied products wholesaling, bundled wired telecommunications access services, health, beauty and optical goods retailing, and food and alcohol retailing.
In the 12 months through January, the PPI increased 2.9% after rising 3.0% in December. The moderation in the year-on-year producer inflation rate reflected last year's high readings dropping out of the calculation.
The report was delayed by the brief shutdown of the federal government early this month. Producer goods prices fell 0.3%, with the cost of energy declining 2.7% and food decreasing 1.5%. Excluding food and energy, goods prices soared 0.7%.
Some of the components in the PPI report go into the calculation of the Personal Consumption Expenditures (PCE) Price Indexes, the inflation measures tracked by the Federal Reserve for its 2% target. . Prior to the PPI data, economists estimated that core PCE inflation increased by as much as 0.5% in January, which would translate to a year-on-year advance of 3.1%.
Core PCE inflation rose 0.4% in December and increased 3.0% year-on-year. The government will publish the delayed PCE inflation report on March 13.
Markets UBS downgrades the U.S. stock market. Here’s what has the investment bank worried Published Fri, Feb 27 20269:37 AM ESTUpdated 28 Min Ago thumbnail Yun Li
UBS’ top equity strategist dialed back his view on U.S. stocks, citing mounting risks from a weakening dollar, stretched valuations and policy turbulence in Washington.
Andrew Garthwaite, head of global equity strategy at the investment bank, downgraded American equities to “benchmark” in a fully invested global equity portfolio, arguing that the factors that powered years of outperformance are starting to fade.
The dollar risk is a central concern, Garthwaite wrote. UBS forecasts the euro climbing to $1.22 by the end of the first quarter and sees “asymmetric structural downside risks” to the greenback. Historically, when the dollar’s trade-weighted index falls 10%, U.S. equities underperform by roughly 4% in unhedged terms, according to the bank.
Foreign markets are trouncing the U.S. this year as a weaker dollar and cheaper valuations draw capital overseas. The MSCI World ex-US index has gained about 8% in 2026, compared with the little changed performance for the S&P 500 . Japan’s Nikkei 225 has rallied 17% year to date, while the Stoxx Europe 600 is up 7%, underscoring a sharp rotation away from American equities. U.S. stocks struggled again Friday as investors fretted over the potential downsides of the artificial intelligence build-out and persistent inflation at home.
Another pillar of U.S. stock strength — corporate buybacks — is also losing its edge, the bank said. The buyback yield in the U.S. is now only roughly on par with global peers, eroding what had been a key support for earnings per share growth and investor flows, UBS said. The combined shareholder yield from dividends and buybacks in the U.S. is now about half that of Europe, the bank said.
“The buybacks yield is no longer exceptional and this had been an important driver of funds flow, EPS and valuation,” Garthwaite wrote.
Valuations add to the unease. UBS calculates that the sector-adjusted price-earnings ratio for U.S. stocks is 35% above international peers, versus an average premium of about 4% since 2010. Roughly 60% of sectors trade not only at higher multiples than their global counterparts but also above their own historical premium, the strategist wrote.
Policy volatility under President Donald Trump is another headwind. This year has brought shifts in tariff policy, proposals to cap credit card interest rates, potential limits on private equity investment in housing, renewed scrutiny of drug pricing, and suggestions to curb dividends and buybacks for defense companies, UBS said.
Still, the noted strategist stopped short of turning outright bearish. Garthwaite said the U.S. economy and equities tend to benefit more than peers when markets are in the early phases of a potential bubble. The bank also expects artificial intelligence adoption to outpace most other major regions, with the possible exception of China, helping sustain earnings growth across key industries.
UBS strategist Sean Simonds set a year-end target of 7,500 for the S&P 500, compared with an average forecast of 7,629 among 14 top strategists, according to CNBC Pro’s strategist survey.
I don't necessarily disagree. There is no debate that the dollar has weakened. It's been weakening for 100 years.
Fiscal policy is a two-edged sword. Loosen money supply you stimulate the economy but if fuels inflation. Tighten the supply it reduces inflation but drives things towards recession.
It's hard to find a balance point that lasts for any length of time.
If everybody had like minds, we would never learn.
I don't necessarily disagree. There is no debate that the dollar has weakened. It's been weakening for 100 years.
What the heck are you talking about? 100 years ago a British pound was worth 5 USD. 50 years ago it was worth 2.5 USD. 20 years ago it was worth 1.8. Now it is 1.35
"When a foreigner resides among you in your land, do not mistreat them. The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God." Leviticus 19:33-34
I don't necessarily disagree. There is no debate that the dollar has weakened. It's been weakening for 100 years.
What the heck are you talking about? 100 years ago a British pound was worth 5 USD. 50 years ago it was worth 2.5 USD. 20 years ago it was worth 1.8. Now it is 1.35
You clearly don't understand. In 1972 I could get by on maybe $1000 a month. Rent, food, gas, insurance, beer money and save around $40-$50 a month, every month. I was in school then at UF.
What do you need today to do that? No doubt the dollar doesn't buy what it once did. It's much weaker than it once was. I bought 10 lbs of gold coins over maybe 10-12 years in the 80's,early 90's. It's "worth" a heck of a lot more now than it was when I bought it. The thing is gold is gold. It doesn't change. The coin I bought 30 years ago is the same coin or bar I bought 30 years ago sitting in my safe place. The difference is it takes more weakened dollars to make the same purchase.
Don't compare how badly the Pound has performed. Just look at what you pay compared to our dollars value over the decades.
You are a smart guy Luke. You were just a teenaged kid when we first started taking. At least I assume. You are way above me when it comes to the sciences.
I do think you do need to learn a little more about money and how money works.
If everybody had like minds, we would never learn.
You said specifically "the dollar has weakened" .... in any scenario when you talk about a currency weakening - you are (or should be) talking about the currencies relative strength against other currencies.
What you are talking about is the cost of living - a wholly different conversation and animal. Maybe you mis-spoke? IDK.
Cost of living is interesting because some things in our lives have become cheaper - some more expensive. What is interesting, and a way to take emotion out of the conversation, is looking at what % of our income we spend on things now compared to previous: Housing costs - mortgage/rent, healthcare costs, groceries. That gives you some insight into what costs have gone up.
We spend 10-15% less on food in 1974 compared to 2024. It used to be 15-20% of our income. Now it is 13%. We spend about 33% more on housing costs. It's now 2 1/2 times what we spend on food. in 1974 they used to spend nearly as much on food as they did on housing. Clothing costs have gone down by a large %.
Just googling - here is an interesting article from a couple years ago.
Since the fed chair is directly involved with interest rates which impact the economy, I thought I would just add this to the thread........
Statement from Federal Reserve Chair Jerome H. Powell
Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings.
I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure.
This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress's oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.
This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.
I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people.
Since the fed chair is directly involved with interest rates which impact the economy, I thought I would just add this to the thread........
Statement from Federal Reserve Chair Jerome H. Powell
Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings.
I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure.
This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress's oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.
This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.
I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people.
So suddenly, Powell who was first appointed by trump in 2017 and then re-apppointed by Obama started playing politics? Please do tell what you mean by that?
I've seen trump attack his character, now they called him in for congressional hearings and I've seen Powell do nothing of the sort. Can you explain what it is you mean by that? Or are you basing that on your "feelings"?
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.