Some of those Democrat voters who frequent this board are saying how great the economy is doing. 80% of US households think otherwise.

[Mikeoxenormous]

No. Those stimulus checks were spent very quickly and GDP did not go up... you get that right? If GDP doesnt go up... spending is not driving demand. If it were then you'd see crazy GDP growth driving inflation. That never occured. Instead you saw government spending REPLACE private spending. That only replaced demand, and only some of it. It did not add demand. Anyone who thinks spending drove inflation is just not looking at the data.. they are speaking from their heart cuz they dont like government spending. But listen to me. Spending was a miniscule part of inflation. That is a fact supported by many studies. It was wage inflation (20%), supply disruptions (40%), and profit taking by corporations (40%).

What caused inflation to spike after 2020?

Researchers examine why inflation rose during the COVID-19 pandemic.

www.bls.gov

As the labor market tightened during 2021 and 2022, core inflation rose as the ratio of job vacancies to unemployment increased. This ratio is used to measure wage pressures that then pass through to the prices for goods and services. As workers bargain for better pay, firms begin to increase prices. So, from this research, the authors find that three main components explain the rise in inflation since 2020: volatility of energy prices, backlogs of work orders for goods and service caused by supply chain issues due to COVID-19, and price changes in the auto-related industries.

'Excess profits' at big energy and consumer companies pushed up inflation, report claims

The report identified Shell, Exxon Mobil, Glencore and Kraft Heinz as among the firms that saw profits "far outpace" inflation.

www.cnbc.com

Oh by the way, you may think that the economy is doing well, but 80% of US households will disagree with you. That is how out of touch you are with reality.

 

[citygator]

Oh by the way, you may think that the economy is doing well, but 80% of US households will disagree with you. That is how out of touch you are with reality.

Doesn’t change reality. People’s opinions are vastly different from the reality. There are plenty of studies to show it. One, for some reason conservatives got stupid under Obama and loss touch with reality. Two, people are still a bit out of sorts from the covid changes to their lives. It changed the way people live their lives fairly substantially and they are unsettled. Thus, stupid conservatives, and people still unsettled by life’s changes are freaked out when the data tells us things are really good.

 

[Mikeoxenormous]

Doesn’t change reality. People’s opinions are vastly different from the reality. There are plenty of studies to show it. One, for some reason conservatives got stupid under Obama and loss touch with reality. Two, people are still a bit out of sorts from the covid changes to their lives. It changed the way people live their lives fairly substantially and they are unsettled. Thus, stupid conservatives, and people still unsettled by life’s changes are freaked out when the data tells us things are really good.

It does when it comes to voting. Its the economy stupid....I guess you never heard that statement before?

 

[Crepitus]

Yeah, get rid of demofascists in government.

Since they are only in your head I don't think I can help with that, but maybe, with the right treatment and meds, you can get rid of them yourself someday.

Thoughts and prayers!

 

[Crepitus]

Find a bridge and ........

And?

 

[citygator]

It does when it comes to voting. Its the economy stupid....I guess you never heard that statement before?

2020 is the best poll to use for the 2024 election since the same two dudes are running. How’d that turn out?

 

[JohnDB]

 

[Mikeoxenormous]

2020 is the best poll to use for the 2024 election since the same two dudes are running. How’d that turn out?

Unless China and Joe Biden work together again on some new strain of the Kung Flu that hospitalizes over 80% of the US households, so the Marxists can cheat again, it isnt going to go well for sleepy, creepy, old, rich, white guy, Joe...

Selfish Joe Biden doesn’t care if Donald Trump ends up winning in 2024

Unless Trump dies or succumbs to a major health setback, there’s an 85% chance that the legally embattled former president will be the Republican nominee in 2024. True, a 15% chance is real. It’s not zero. But you shouldn’t — you can’t, not unless you’re a total moron — make an important decision that relies on 15% probability.
Biden will almost certainly be running against Trump again.
And he will probably lose. The polls are clear about that.

Democrat Leader Caught on Camera: ‘We Will Lie, Cheat & Steal To Win’

A Democratic Party leader in Colorado has been exposed on video admitting that Democrats intend to rig the presidential election to beat President Trump.

thepeoplesvoice.tv

 

[Mikeoxenormous]

Doesn’t change reality. People’s opinions are vastly different from the reality. There are plenty of studies to show it. One, for some reason conservatives got stupid under Obama and loss touch with reality. Two, people are still a bit out of sorts from the covid changes to their lives. It changed the way people live their lives fairly substantially and they are unsettled. Thus, stupid conservatives, and people still unsettled by life’s changes are freaked out when the data tells us things are really good.

MSN

• As the holiday season kicks into high gear, 62% of adults said they are living paycheck to paycheck, according to a new LendingClub report.
• Households that are stretched too thin are also more likely to have revolving credit card debt and feel financial distress, the report found.

And the bad news goes on and on, but to Gatorbites here, he just shoves his peabrain higher up in Uranus.

 

[Harpy Eagle]

MSN As the holiday season kicks into high gear, 62% of adults said they are living paycheck to paycheck, according to a new LendingClub report.

Glad things have gotten better, in 2019 that number was 78%

78% Of Workers Live Paycheck To Paycheck

Here's what to do if you're living paycheck to paycheck.

www.forbes.com

CareerBuilder found that 78% of U.S. workers are living paycheck to paycheck.

 

[Mikeoxenormous]

2020 is the best poll to use for the 2024 election since the same two dudes are running. How’d that turn out?

And more great news.....For President Trump.

MSN

With a record 17.5% of American consumers paying at least $1,000 a month for their cars, it's no surprise that drivers are starting to fall behind on their bills.

The percentage of borrowers with "subprime" auto loans that were at least 60 days late on their car payments hit 6.11% in October 2023. This exceeds the record set just prior to the pandemic, according to Fitch.

I guess the next thing the Bidumb admin will do is start talking about car loan forgiveness. I mean shit man, this rich, old, white guy, is giving away the house, and you are paying for it.