• The KillerFrogs

The Harris/Biden Administration: Coming Together to Build Back Better

froginmn

Full Member
200w.webp
 

cheese83

Full Member
Net net you should obviously not be feeling better (I know your post was more or less rhetorical)

However there are leading indicators showing that inflation should be quickly declining in coming months, meaning the day to day expenses should begin to level out, which we've seen with gas prices already.

The giant negative is that when rich people lose a lot of money, they are much less likely to invest (new jobs, wage growth), and become much more likely to batten down the expense hatches (layoffs).

If you can keep your job over the next 12-18 months and aren't dependent on markets, relief should be coming.
Freight rates are still really high along with the cost of fuel for trucking and rail shipment is backed up too. I think it's going to take a long time unless business friendly policies are introduced after the midterms.
 

Wexahu

Full Member
Net net you should obviously not be feeling better (I know your post was more or less rhetorical)

However there are leading indicators showing that inflation should be quickly declining in coming months, meaning the day to day expenses should begin to level out, which we've seen with gas prices already.

The giant negative is that when rich people lose a lot of money, they are much less likely to invest (new jobs, wage growth), and become much more likely to batten down the expense hatches (layoffs).

If you can keep your job over the next 12-18 months and aren't dependent on markets, relief should be coming.
Lower and middle class people just got absolutely crushed by Democrat COVID policies. And I realize Trump was President when the COVID checks were written, that was a huge mistake as well.

Instead of doing sensible things and let are economy operate more or less as usual for the past 2.5 years (like Trump basically lobbied for until the mob forced his hand), it's been one big virtue signaling/shaming campaign [ Finebaum ]show put forth by the left that has us where we are today. Rampant inflation, scheissed up supply chains, and a buried lower and middle class. Good job, you idiots.

Shameful, but something tells me this is the outcome they wanted. Government dependency. Now we get to listen to them lecture us on how they are going to fix the problem. Gag.
 

FrogUltimate

Active Member
Freight rates are still really high along with the cost of fuel for trucking and rail shipment is backed up too. I think it's going to take a long time unless business friendly policies are introduced after the midterms.
Raw materials prices are down a ton. Definitely supply chain issues. As long as China continues to keep treating COVID like the Black Plague, going to have issues.

But the glut of inventory corporations have been stocking for 18 months will eventually be marked down and moved.
 

FrogUltimate

Active Member
Lower and middle class people just got absolutely crushed by Democrat COVID policies. And I realize Trump was President when the COVID checks were written, that was a huge mistake as well.

Instead of doing sensible things and let are economy operate more or less as usual for the past 2.5 years (like Trump basically lobbied for until the mob forced his hand), it's been one big virtue signaling/shaming campaign [ #2020 ]show put forth by the left that has us where we are today. Rampant inflation, scheissed up supply chains, and a buried lower and middle class. Good job, you idiots.

Shameful, but something tells me this is the outcome they wanted. Government dependency. Now we get to listen to them lecture us on how they are going to fix the problem. Gag.
I’m not sure if lower class actually faired that poorly in past couple years… they’ve gotten killed on inflation but have also seen their wages shoot up and got stimulus. I’m not really sure. Housing maybe is an issue although I’m not as familiar with government assistance there.

Middle class has gotten destroyed. Virtually no wage growth with huge inflation.

Now the upper middle is getting hammered as they are exposed to the market and also no wage growth with inflation against their more sizable real estate assets.

The wealthy are getting their faces ripped off, but they are wealthy so they remain wealthy, just less so.

No doubt we’ve completely failed the past three years as a world. Absolute failure. Trump blew it, Biden doubled/tripled down on the stupidity.
 

HFrog1999

Member
I’m not sure if lower class actually faired that poorly in past couple years… they’ve gotten killed on inflation but have also seen their wages shoot up and got stimulus. I’m not really sure. Housing maybe is an issue although I’m not as familiar with government assistance there.

Middle class has gotten destroyed. Virtually no wage growth with huge inflation.

Now the upper middle is getting hammered as they are exposed to the market and also no wage growth with inflation against their more sizable real estate assets.

The wealthy are getting their faces ripped off, but they are wealthy so they remain wealthy, just less so.

No doubt we’ve completely failed the past three years as a world. Absolute failure. Trump blew it, Biden doubled/tripled down on the stupidity.

Meanwhile in China

Winnie The Pooh GIF by Disney
 

Wexahu

Full Member
I’m not sure if lower class actually faired that poorly in past couple years… they’ve gotten killed on inflation but have also seen their wages shoot up and got stimulus. I’m not really sure. Housing maybe is an issue although I’m not as familiar with government assistance there.

Middle class has gotten destroyed. Virtually no wage growth with huge inflation.

Now the upper middle is getting hammered as they are exposed to the market and also no wage growth with inflation against their more sizable real estate assets.

The wealthy are getting their faces ripped off, but they are wealthy so they remain wealthy, just less so.

No doubt we’ve completely failed the past three years as a world. Absolute failure. Trump blew it, Biden doubled/tripled down on the stupidity.
The lower class got crushed as far as prospects of ever becoming middle class are concerned.
 
Net net you should obviously not be feeling better (I know your post was more or less rhetorical)

However there are leading indicators showing that inflation should be quickly declining in coming months, meaning the day to day expenses should begin to level out, which we've seen with gas prices already.

The giant negative is that when rich people lose a lot of money, they are much less likely to invest (new jobs, wage growth), and become much more likely to batten down the expense hatches (layoffs).

If you can keep your job over the next 12-18 months and aren't dependent on markets, relief should be coming.
Uh, oh…here come the “trickle-down economics” is junk economics nutters in 3…2…1…

I’ve learned one universal truth in 36 years of working, and that is I can’t do well economically if the people who pay me aren’t doing well economically. I want the people who authorize my pay to be as wealthy as possible.
 

FrogUltimate

Active Member
I’ve learned one universal truth in 36 years of working, and that is I can’t do well economically if the people who pay me aren’t doing well economically. I want the people who authorize my pay to be as wealthy as possible.
There's probably a lot of debate that can come from this statement. Some people would highlight, underline and bold this statement to point to the failures of capitalism. But you certainly are correct here, and I would agree with the statement. For me, I don't mind getting a 20% pay bump even if it means by boss/employer/owner gets an 80% profit increase.
 

Bob Sugar

Active Member
Uh, oh…here come the “trickle-down economics” is junk economics nutters in 3…2…1…

I’ve learned one universal truth in 36 years of working, and that is I can’t do well economically if the people who pay me aren’t doing well economically. I want the people who authorize my pay to be as wealthy as possible.
Exactly. There are a ton more millionaire taxpayers in the US because Bezos, Musk, Gates, Buffett, the people who started Google, Twitter, Dell, IBM, etc., etc., etc. have become extremely wealthy. and of those who became wealthy while along for the ride, a large chunk, spun off and created their own product, employing countless people and creating more wealth.
 

HFrog1999

Member
Exactly. There are a ton more millionaire taxpayers in the US because Bezos, Musk, Gates, Buffett, the people who started Google, Twitter, Dell, IBM, etc., etc., etc. have become extremely wealthy. and of those who became wealthy while along for the ride, a large chunk, spun off and created their own product, employing countless people and creating more wealth.

Yet they’re all Liberals supporting Socialist Democrats and ESG.
 

Eight

Member
Raw materials prices are down a ton. Definitely supply chain issues. As long as China continues to keep treating COVID like the Black Plague, going to have issues.

But the glut of inventory corporations have been stocking for 18 months will eventually be marked down and moved.

to where ? people have to money or credit to pull things
 

AroundWorldFrog

Full Member
Instead of doing sensible things and let are economy operate more or less as usual for the past 2.5 years (like Trump basically lobbied for until the mob forced his hand), it's been one big virtue signaling/shaming campaign [ #2020 ]show put forth by the left that has us where we are today. Rampant inflation, scheissed up supply chains, and a buried lower and middle class. Good job, you idiots.
Stupid [ mother farger ]s

 

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