How is this bad for Joe Biden? 'Who cares about the stock market, pandering to them wealthy elites! Whut's he done for us *little folk*, huh?!' winky-tongue-emoji-dot-gif.
Well this little people is chuffed that the graph of my piddly little investments has been a freaking VERTICAL LINE over the past couple days. Seriously tempts me to sell a couple of 'em off now and buy them back later when they cool off, but that's more bandwidth than I can rightly spare just now.
Where's the bull's cutie mark? Has he not yet found his unique characteristic? I guess it's not being blue (on my screen, or green or teal?), as Babe already went there.
"We also like any news that counts as a nice Fuck-You to Larry Summers, who thought we’d need years of 10 percent unemployment to control inflation."
The fucker needs to be sat in a corner with a dunce hat on. Second time shit-fer-brains has been absolutely dead wrong about stimulus spending by Democratic administrations. You'd think that'd teach the fucker some humility but then you remember its Larry fucking Summers.
Maybe freshman Summers should've picked a major with less STEM cause I don't think he possesses the innate capacities for a career in economics.
Just an unresearched impression here. The Dems always seem to do better in elections when they are out of office and the economy is bad. When things are going good and they hold the reins, the voters go Rethug. I think the voters buy into the anti-taxes meme when times are good, the though being they are making more and resent what they pay taxes that keep the machine lubed and working for everybody. When times are bad they don't have jobs security so taxes are not an issue and they turn to the Dems because they know the Dems will bring programs aimed at relief.
You are not incorrect. Voters get complacent and think, "times have gotten better, time to believe Republicans when they say they want small government and reduced spending." They so often forget how we got to those better times.
Every republican administration since Hoover has resulted in some kind of recession/depression. Of course democrats do well when things are bad because republicans always fuck things up. Then, eight years later, once things have gotten better and people have forgotten how badly republicans fucked things up, the republicans come back with promises of tax cuts. And that sounds good to many people who think, “okay, I sacrificed when times were tough, but now that things are going well, I deserve to keep more of my paycheck.”
Then republicans cut taxes for the wealthy and fuck up the economy all over again. And the cycle continues.
Now, someone unleash the Consumer Protection people and go after all the price-gouging and rent-seeking that's been dolled up as "oh no boo hoo inflation whatcha gonna do supply chain issues that's an extra twenty bucks please" so that people NOTICE.
How is this bad for Joe Biden? 'Who cares about the stock market, pandering to them wealthy elites! Whut's he done for us *little folk*, huh?!' winky-tongue-emoji-dot-gif.
Well this little people is chuffed that the graph of my piddly little investments has been a freaking VERTICAL LINE over the past couple days. Seriously tempts me to sell a couple of 'em off now and buy them back later when they cool off, but that's more bandwidth than I can rightly spare just now.
𝘞𝘦 𝘢𝘭𝘴𝘰 𝘭𝘪𝘬𝘦 𝘢𝘯𝘺 𝘯𝘦𝘸𝘴 𝘵𝘩𝘢𝘵 𝘤𝘰𝘶𝘯𝘵𝘴 𝘢𝘴 𝘢 𝘯𝘪𝘤𝘦 𝘍𝘶𝘤𝘬-𝘠𝘰𝘶 𝘵𝘰 𝘓𝘢𝘳𝘳𝘺 𝘚𝘶𝘮𝘮𝘦𝘳𝘴, 𝘸𝘩𝘰 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘸𝘦’𝘥 𝘯𝘦𝘦𝘥 𝘺𝘦𝘢𝘳𝘴 𝘰𝘧 10 𝘱𝘦𝘳𝘤𝘦𝘯𝘵 𝘶𝘯𝘦𝘮𝘱𝘭𝘰𝘺𝘮𝘦𝘯𝘵 𝘵𝘰 𝘤𝘰𝘯𝘵𝘳𝘰𝘭 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯.
Not that anyone really needs a reason to say "fuck you" to Summers, but it is always good to have one.
Uhm, this is just another fluke. Economists don't actually understand the economy, they're all full of shit.
"The announcement, and a Fed estimate suggesting there should be three interest rate cuts next year"
wow.
How does this unicorn economy even work?
Ta, Dok. I won't watch the video, but I did appreciate your gifting us the NYT article.
Everyone 94 or older has seen the likes of 1929.
Where's the bull's cutie mark? Has he not yet found his unique characteristic? I guess it's not being blue (on my screen, or green or teal?), as Babe already went there.
Silly, only ponies have cutie marks. This is a bull!
More proof that Americans don’t really pay attention: polls show that people tend to think the Republicans are better at the economy.
"We also like any news that counts as a nice Fuck-You to Larry Summers, who thought we’d need years of 10 percent unemployment to control inflation."
The fucker needs to be sat in a corner with a dunce hat on. Second time shit-fer-brains has been absolutely dead wrong about stimulus spending by Democratic administrations. You'd think that'd teach the fucker some humility but then you remember its Larry fucking Summers.
Maybe freshman Summers should've picked a major with less STEM cause I don't think he possesses the innate capacities for a career in economics.
His uncles are both Nobel Prize winning economists. He sucks. He is an asshole. His uncles would savage anyone who questioned him.
They drove Claudia Sahm, of the Sahm rule, out of the Fed for saying out loud that he was wrong and did not listen. She is fucking brilliant.
He is such a terrible nepo baby.
"compared to September 2022’s survey in which only 41 percent thought a soft landing might happen."
" Fuck-You to Larry Summers, who thought we’d need years of 10 percent unemployment to control inflation."
It's almost like economics isn't a science and Larry Summers is an over paid piece of shit who should never be listened to. Thanks Obama.
Just an unresearched impression here. The Dems always seem to do better in elections when they are out of office and the economy is bad. When things are going good and they hold the reins, the voters go Rethug. I think the voters buy into the anti-taxes meme when times are good, the though being they are making more and resent what they pay taxes that keep the machine lubed and working for everybody. When times are bad they don't have jobs security so taxes are not an issue and they turn to the Dems because they know the Dems will bring programs aimed at relief.
You are not incorrect. Voters get complacent and think, "times have gotten better, time to believe Republicans when they say they want small government and reduced spending." They so often forget how we got to those better times.
Every republican administration since Hoover has resulted in some kind of recession/depression. Of course democrats do well when things are bad because republicans always fuck things up. Then, eight years later, once things have gotten better and people have forgotten how badly republicans fucked things up, the republicans come back with promises of tax cuts. And that sounds good to many people who think, “okay, I sacrificed when times were tough, but now that things are going well, I deserve to keep more of my paycheck.”
Then republicans cut taxes for the wealthy and fuck up the economy all over again. And the cycle continues.
Exactly!
When PAB says "we", he really means "I" am "going to have a depression, the likes of which I don’t believe anybody has ever seen"
Jan. 2018 (One year into Trumpomania) the Dow hovered at around 24,000
Today it's at 37,000+ and climbing.
Wake up America. It's only your fucking future at stake here.
WTF is PAB trying to say in that tweet?
Nobody appreciates that he shits his depends when huffing adderoll and throwing ketchup at walls.
ETA: For AMERICA!
remember it's from 2019, when he was getting impeached. Even though the stock market was doing great!
"How a Record DJIA is Bad News For Joe Biden"
-Chris Cilizza, who I bet you forgot was still alive
no, but a guy can always hope.
Now, someone unleash the Consumer Protection people and go after all the price-gouging and rent-seeking that's been dolled up as "oh no boo hoo inflation whatcha gonna do supply chain issues that's an extra twenty bucks please" so that people NOTICE.