The fact that massive corporations are sitting on 100s of billions of dollars means the Fed's policy efforts are pretty meaningless, except in immiserating the middle class.
I have always thought that when it comes to the economy, Biden is running downhill, i.e., has long-term natural advantages on his side. Broadly speaking, I see two of them:
1) The economy was due for a lot of activity as it shook off the pandemic. The problems encountered along the way were mostly related to labor and other supply-chain issues. Those are steadily being resolved (although labor, big surprise, is having to fight like hell for every one of its gains). The situation will only get better.
2) Biden knows how to stimulate the economy with judicious spending and won't do stupid fuckheaded stuff like slash taxes so much that it creates an instant budget crisis.
Republicans can scream and holler all they want about Hunter Biden or whatever stupid shit enters their stupid brains, but they can't stop the current strong economic trends any more than they can stop the tides.
Also - try to buy tickets to see the "Barbie" movie. If your theater is like mine, all the showings through the weekend are sold out or almost sold out. If that's not a good economic indicator, I'll eat my pink Corvette!
I was in Lowe's last Sunday around noon. I needed to pick up a vacuum cleaner belt, paint brushes and some water softener salt. The place was crowded! Some kind of big appliance sale was going on - people were waiting for an associate to help them . They seem to be pretty well staffed. I don't think anyone was waiting very long. I was in the vacuum section looking to find a belt. They had a whole bay full of roomba style floor cleaners. Those things ain't cheap! Prices start at $275 but if you want you can spend eleven hundred bucks easy ! They were all in stock .There were three different couples shopping them . Everybody there was white and they seemed very well fed . It was Sunday afternoon so I imagine that quite a few of them , when they were done with their Appliance shopping,would make their way over to the Golden Corral buffet for Sunday dinner. There they can sit down with their families amidst the heaping plates of food and discuss how downtrodden they are .
Which is way the mainstream media is doing all it can to make it sound like we are in the middle of a horrible economy right now. The rich do not want a Democratic president or Congress. That's why they support the kleptocracy of the GOP, Trump and Putin.
The fact that massive corporations are sitting on 100s of billions of dollars means the Fed's policy efforts are pretty meaningless, except in immiserating the middle class.
https://www.youtube.com/watch?v=gqsT4xnKZPg
Ben Selvin and the Crooners
I have always thought that when it comes to the economy, Biden is running downhill, i.e., has long-term natural advantages on his side. Broadly speaking, I see two of them:
1) The economy was due for a lot of activity as it shook off the pandemic. The problems encountered along the way were mostly related to labor and other supply-chain issues. Those are steadily being resolved (although labor, big surprise, is having to fight like hell for every one of its gains). The situation will only get better.
2) Biden knows how to stimulate the economy with judicious spending and won't do stupid fuckheaded stuff like slash taxes so much that it creates an instant budget crisis.
Republicans can scream and holler all they want about Hunter Biden or whatever stupid shit enters their stupid brains, but they can't stop the current strong economic trends any more than they can stop the tides.
Ladies and gems,...
The dismal science.
One has to wonder whether or not the hipster coffee shops are full of liberals. Put that Wohl dude on it.
Shouldn't he be in prison now?
He should be, but he and Zipper Pants pleaded out in Ohio and got saddled with 500 hours registering Black voters in Washington, D.C.
They still face charges in Michigan and a civil suit in New York.
"Still, because economists have to be dismal about something..." It's just science.
Also - try to buy tickets to see the "Barbie" movie. If your theater is like mine, all the showings through the weekend are sold out or almost sold out. If that's not a good economic indicator, I'll eat my pink Corvette!
𝐁𝐚𝐫𝐛𝐢𝐞 𝐢𝐬 𝐤𝐢𝐥𝐥𝐢𝐧𝐠 𝐢𝐭 𝐚𝐭 𝐭𝐡𝐞 𝐛𝐨𝐱 𝐨𝐟𝐟𝐢𝐜𝐞. 𝐖𝐡𝐲 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐛𝐚𝐝 𝐟𝐨𝐫 𝐁𝐢𝐝𝐞𝐧. - 𝐄𝐯𝐞𝐫𝐲 𝐍𝐞𝐰𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
something tells me that there will be a metric shitload of articles going all "well, actually" on the good economic newses.
I thought we were resisting the metric system.
By the way, how many grams are in a "shitload"?
I was in Lowe's last Sunday around noon. I needed to pick up a vacuum cleaner belt, paint brushes and some water softener salt. The place was crowded! Some kind of big appliance sale was going on - people were waiting for an associate to help them . They seem to be pretty well staffed. I don't think anyone was waiting very long. I was in the vacuum section looking to find a belt. They had a whole bay full of roomba style floor cleaners. Those things ain't cheap! Prices start at $275 but if you want you can spend eleven hundred bucks easy ! They were all in stock .There were three different couples shopping them . Everybody there was white and they seemed very well fed . It was Sunday afternoon so I imagine that quite a few of them , when they were done with their Appliance shopping,would make their way over to the Golden Corral buffet for Sunday dinner. There they can sit down with their families amidst the heaping plates of food and discuss how downtrodden they are .
Ain't That America?
"your house should never spin unless you’ve had too much to drink or you have an inner ear infection, better have that checked the end."
You forgot Dorothy on her way to Oz!
All residents living in tornado alley.
My first thought as well.
The economy is booming! Women and Children are hardest hit!
Don’t worry pessimists, NYT has got you covered -
“The S&P 500 is up about 20 percent this year, but some still warn that the future may not be as rosy as that implies.”
The economy is roaring but not for these swing state voters- NYT
The trick is to make the voting public aware of it. Biden's approval ratings should be well above water.
Which is way the mainstream media is doing all it can to make it sound like we are in the middle of a horrible economy right now. The rich do not want a Democratic president or Congress. That's why they support the kleptocracy of the GOP, Trump and Putin.
I met someone the other day who complained that we're in a recession right now. It's not happening.
That is one happy puppy. He's a Democrat, of course...
Best comment on Tuberville you'll see today:
“𝘠𝘦𝘴, 𝘦𝘷𝘦𝘳𝘺 𝘴𝘦𝘯𝘢𝘵𝘰𝘳 𝘩𝘢𝘴 𝘦𝘯𝘰𝘳𝘮𝘰𝘶𝘴 𝘱𝘰𝘸𝘦𝘳,” 𝘚𝘦𝘯. 𝘉𝘳𝘪𝘢𝘯 𝘚𝘤𝘩𝘢𝘵𝘻 (𝘋-𝘏𝘢𝘸𝘢𝘪𝘪) 𝘴𝘢𝘪𝘥 𝘰𝘯 𝘵𝘩𝘦 𝘧𝘭𝘰𝘰𝘳 𝘞𝘦𝘥𝘯𝘦𝘴𝘥𝘢𝘺, 𝘢𝘤𝘤𝘶𝘴𝘪𝘯𝘨 𝘛𝘶𝘣𝘦𝘳𝘷𝘪𝘭𝘭𝘦 𝘰𝘧 𝘢𝘣𝘶𝘴𝘪𝘯𝘨 𝘩𝘪𝘴 𝘚𝘦𝘯𝘢𝘵𝘦 𝘱𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦𝘴. “𝘐 𝘤𝘰𝘶𝘭𝘥 𝘱𝘳𝘰𝘣𝘢𝘣𝘭𝘺 𝘣𝘭𝘰𝘤𝘬 𝘵𝘩𝘦 𝘥𝘦𝘧𝘦𝘯𝘴𝘦 𝘣𝘪𝘭𝘭 𝘵𝘩𝘪𝘴 𝘸𝘦𝘦𝘬, 𝘪𝘧 𝘐 𝘸𝘢𝘯𝘵𝘦𝘥 𝘵𝘰. 𝘉𝘶𝘵 𝘐 𝘸𝘰𝘯’𝘵. 𝘈𝘯𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸 𝘸𝘩𝘺? 𝘉𝘦𝘤𝘢𝘶𝘴𝘦 𝘐’𝘮 𝘯𝘰𝘵 𝘢 𝘮𝘢𝘯𝘪𝘢𝘤.” (Washington Post)
Mebbe I'm an old, but 𝘉𝘦𝘤𝘢𝘶𝘴𝘦 𝘐'𝘮 𝘯𝘰𝘵 𝘢 𝘮𝘢𝘯𝘪𝘢𝘤 might need some workshopping before ordering the posters.
But Schatz is correct in his implication, Stupidville is a maniac, unworthy of the seat.
That ball is going to need a visa, because Brian Schatz just hit it clear to South America.
The Democrats have a lot of good young talent in both houses of Congress. He certainly qualifies.
And the Republicans have nothing but trolls whose schtick will eventually wear thin with the base.