This economy is so bad

[IndyColtsFan 325]

On 8/23/2024 at 1:03 PM, Hardcore troubadour said:

I said no such thing you piece of filth. What a scumbag. 

OK, so what vaccinations were you ordered to take during your service? Where were you deployed?

[IndyColtsFan 325]

On 8/24/2024 at 2:09 AM, lickin_starfish said:

The economy is doing great under Harris, but Harris is going to fix it if she is reelected. 🥴

You mix up "fix" with "enhance."

By the way, the stock market hit a new record Monday!

401Ks are roaring!

Put that in your pipe and smoke it!

[The Psychic Observer 314]

 

[RLLD 3,932]

1 hour ago, The Psychic Observer said:

 

I want the Harris campaign to trot this out, every day......and push it in the face of the voters....over and over....relentlessly.  

[patweisers44 751]

7 hours ago, IndyColtsFan said:

You mix up "fix" with "enhance."

By the way, the stock market hit a new record Monday!

401Ks are roaring!

Put that in your pipe and smoke it!

Admittedly, we are 180 degrees opposite politically, but these mean nothing to the half of the country with little or no retirement savings. The ones paying more for gas, rent, groceries, etc.

https://usafacts.org/data-projects/retirement-savings

 

[purdygood 306]

25 minutes ago, patweisers44 said:

Admittedly, we are 180 degrees opposite politically, but these mean nothing to the half of the country with little or no retirement savings. The ones paying more for gas, rent, groceries, etc.

https://usafacts.org/data-projects/retirement-savings

 

That sounds like a personal problem. (for them) maybe they should find their boot straps.

[patweisers44 751]

11 minutes ago, purdygood said:

That sounds like a personal problem. (for them) maybe they should find their boot straps.

While i agree with this pretty much, the left has railed on right wingers for this mantra forever. Still doesnt do anything for people struggling to pay for groceries, put gas in their cars, pay rent or cover rising costs of  those that are homeowners.

[purdygood 306]

Just now, patweisers44 said:

While i agree with this pretty much, the left has railed on right wingers for this mantra forever. Still doesnt do anything for people struggling to pay for groceries, put gas in their cars, pay rent or cover rising costs of  those that are homeowners.

I find that A LOT of middle class people who whine about not being able to afford things, blame someone else (The President) but no one made them go on that fancy vacation or buy that fancy couch or throw that fancy birthday party for their kid. (Kids are expensive, that's a choice you made) then whine about their Credit Card debt.  If you can't afford it.  Don't buy it!  Maybe they could pay for Groceries, Gas and Rent if they stopped trying to "live their perfect Instagram life".

[Hardcore troubadour 14,284]

17 minutes ago, purdygood said:

I find that A LOT of middle class people who whine about not being able to afford things, blame someone else (The President) but no one made them go on that fancy vacation or buy that fancy couch or throw that fancy birthday party for their kid. (Kids are expensive, that's a choice you made) then whine about their Credit Card debt.  If you can't afford it.  Don't buy it!  Maybe they could pay for Groceries, Gas and Rent if they stopped trying to "live their perfect Instagram life".

It’s true. Paying more for gas and groceries is fun.  

[patweisers44 751]

16 minutes ago, purdygood said:

I find that A LOT of middle class people who whine about not being able to afford things, blame someone else (The President) but no one made them go on that fancy vacation or buy that fancy couch or throw that fancy birthday party for their kid. (Kids are expensive, that's a choice you made) then whine about their Credit Card debt.  If you can't afford it.  Don't buy it!  Maybe they could pay for Groceries, Gas and Rent if they stopped trying to "live their perfect Instagram life".

Cant disagree with any of this, just not sure the % of the "half of Americans with little to no retirement savings" this encompasses.

[purdygood 306]

Just now, Hardcore troubadour said:

It’s true. Paying more for gas and groceries is fun.  

Yet, we are drilling more than ever and the Grocery stores are making record profits.

[purdygood 306]

Just now, patweisers44 said:

Cant disagree with any of this, just not sure the % of the "half of Americans with little to no retirement savings" this encompasses.

Corporations stopped giving Pensions to save money for themselves.  Gotta keep that stock price going to the moon!

[Hardcore troubadour 14,284]

20 minutes ago, purdygood said:

Yet, we are drilling more than ever and the Grocery stores are making record profits.

So what if it’s more than ever when opec is doing less and Russia is being sanctioned ? Duh. 

[purdygood 306]

Just now, Hardcore troubadour said:

So what if it’s more than ever when opec is doing less and Russia is being sanctioned ? Duh. 

Does our Government control OPEC and Russia? They are AHoles who do their own thing and love to manipulate us.

[Hardcore troubadour 14,284]

30 minutes ago, purdygood said:

Does our Government control OPEC and Russia? They are AHoles who do their own thing and love to manipulate us.

Yeah. So drill more. WGAF about more than ever when it’s not enough? Duh. 

[purdygood 306]

Just now, Hardcore troubadour said:

Yeah. So drill more. WGAF about more than ever when it’s not enough? Duh. 

Cool, grab a shovel and get diggin! I'm down for that! because it's soooo easy.

[Hardcore troubadour 14,284]

Just now, purdygood said:

Cool, grab a shovel and get diggin! I'm down for that! because it's soooo easy.

You’re an idiot. 

[purdygood 306]

Just now, Hardcore troubadour said:

You’re an idiot. 

At least you used the proper "You're" I appreciate that.

[thegeneral 2,582]

Isn’t oil production at its highest in the US history right now?

Didn’t Biden approve the most oil exploration permits, more than Trump?

I always see these lines thrown out there.

 

[thegeneral 2,582]

 

[JuneJuly 192]

On 8/27/2024 at 7:43 AM, purdygood said:

Yet, we are drilling more than ever and the Grocery stores are making record profits.

 

On 8/27/2024 at 8:05 AM, Hardcore troubadour said:

So what if it’s more than ever when opec is doing less and Russia is being sanctioned ? Duh. 

 

On 8/27/2024 at 8:40 AM, Hardcore troubadour said:

WGAF about more than ever when it’s not enough? Duh. 

 

On 8/27/2024 at 8:53 AM, thegeneral said:

Isn’t oil production at its highest in the US history right now?

Your reading comprehension sucks.  You had 3 chances at it.   

[Baker Boy 1,663]

US Steel CEO says company likely to close steel mills if proposed $14B sale to Nippon Steel falls through

US Steel employs thousands of workers at its facilities in Pennsylvania

 

https://www.foxbusiness.com/economy/us-steel-ceo-says-company-likely-close-steel-mills-proposed-14b-sale-nippon-steel-falls-through

[Rabbit Range 41]

 

[RLLD 3,932]

Unfortunately, Harris is being more honest about it lately....instead of gaslighting she is speaking to being able to fix it...

[Sean Mooney 1,816]

1 hour ago, RLLD said:

Unfortunately, Harris is being more honest about it lately....instead of gaslighting she is speaking to being able to fix it...

I'm sure Trump will get around to talking about how he is going to fix it.

You know once the mosquitos leave him alone

[RLLD 3,932]

2 minutes ago, Sean Mooney said:

I'm sure Trump will get around to talking about how he is going to fix it.

You know once the mosquitos leave him alone

He has to do very little to start the healing, put back in place his policy prescriptions would be enough, and I prefer he limit to that....the more action government employs the more harm they foment.

[Mike Honcho 4,794]

43 minutes ago, Sean Mooney said:

I'm sure Trump will get around to talking about how he is going to fix it.

You know once the mosquitos leave him alone

He has a great plan and he's going to release it in 2 weeks.  

[Hardcore troubadour 14,284]

Liberals attacking Trump on the economy.  That’s pretty funny. 

[MDC 6,822]

3 minutes ago, Mike Honcho said:

He has a great plan and he's going to release it in 2 weeks.  

Before or after the tax returns?

[RLLD 3,932]

8 minutes ago, Hardcore troubadour said:

Liberals attacking Trump on the economy.  That’s pretty funny. 

It takes a lot of gall....after what they have done to so many people.....

[Baker Boy 1,663]

https://www.foxbusiness.com/economy/ll-flooring-hardware-store-once-known-lumber-liquidators-close-all-400-stores-bankruptcy-proceeding
 

LL Flooring, hardware store once known as Lumber Liquidators, to close all 400 stores in bankruptcy proceeding

The hardware company filed for bankruptcy last month but has failed to find a buyer

[Sean Mooney 1,816]

15 minutes ago, Baker Boy said:

https://www.foxbusiness.com/economy/ll-flooring-hardware-store-once-known-lumber-liquidators-close-all-400-stores-bankruptcy-proceeding
 

LL Flooring, hardware store once known as Lumber Liquidators, to close all 400 stores in bankruptcy proceeding

The hardware company filed for bankruptcy last month but has failed to find a buyer

I honestly didn't know they had changed their name or that they even existed anymore.

But this may not be an economy thing fully per se as:

Quote

 

The company has been navigating choppy waters since a 2015 "60 Minutes" report suggested the then Lumber Liquidators’ laminate flooring product had high levels of the cancer-causing toxin formaldehyde having been imported from China. Formaldehyde is found in the glue that manufacturers use to produce composite wood products like fiberboard, which forms the base of laminate flooring.

The retailer’s shares immediately dropped 23% to $39.73 following the report. Its stock has crashed from 84 cents to 2 cents since the Chapter 11 filing last month. 

Later in 2015, Lumber Liquidators pleaded guilty in federal court to the illegal importation of hardwood flooring and was hit with $13.15 million in penalties the following year.

 

 

[edjr 6,385]

 

[Hardcore troubadour 14,284]

1 hour ago, Sean Mooney said:

I honestly didn't know they had changed their name or that they even existed anymore.

But this may not be an economy thing fully per se as:

 

“Free” trade ain’t so free. 

[edjr 6,385]

 

[edjr 6,385]

The August Jobs Report Dashes Hopes for a Big Interest-Rate Cut

https://www.barrons.com/articles/the-august-jobs-report-dashes-hopes-for-a-big-interest-rate-cut-44111616

 

 

Quote

 

The Federal Reserve will lower its policy interest rate later this month, as is nearly universally anticipated by analysts and financial market participants. But market expectations that the central bank will slash its federal-funds target range aggressively by a full percentage point or more by year end will probably prove to be excessive—just as they were earlier this year.

Comments by key officials have made crystal clear that rate cuts are coming at the next meeting of the policy-setting Federal Open Market Committee, on Sept. 17-18. The employment report for August released on Friday morning all but clinched a reduction of 25 basis points (one-quarter percentage point) in the current fed-funds range of 5.25% to 5.50%. The latest data confirmed the recent trend of slower hiring—but few firings.

 

[lickin_starfish 1,807]

https://media.scored.co/post/dFfrIe9aFpAs.jpeg

[Baker Boy 1,663]

https://www.foxbusiness.com/markets/another-restaurant-chain-files-chapter-11-bankruptcy
 

Another restaurant chain files for Chapter 11 bankruptcy

BurgerFi International includes the burger restaurant BurgerFi and Anthony’s Coal Fired Pizza & Wings

[edjr 6,385]

On 12/30/2023 at 3:47 PM, Ron_Artest said:

NOT!

Don't believe what Clownzo tells you.

 

Well done  

[RLLD 3,932]