dow jones

Over70irregs

Well-Known Member
All in…
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Over70irregs

Well-Known Member
Was inflation coming down under Biden?
Core CPI inflation is also expected to fall from 3.3% to 3.2%.

If both metrics of inflation fall tomorrow, it will mark the first such occurrence since July 2024.
 

bbsam

Moderator
Staff member
My understanding is they don't want the Dems to hold them hostage with continuing resolutions so they set the debt ceiling that much higher.
But if we’re looking for fiscal responsibility that’s not exactly the way to go about it. If we’re going to slash spending, why are we opening up the credit cards? I’ve long been critical of republicans doing the easy part about cutting taxes and being too afraid to cut spending. Apparently they are now cutting the spending, raising taxes on the lower 98% of tax payers and keeping the prior tax cuts for the wealthiest. Why? They’re at a pivotal point when they could really be fiscally responsible and let taxes go up, slash spending and move towards cutting into the debt/deficit. Instead they want a $4 trillion debt limit increase? Do you truly believe they care about the debt?
 

UnionStrong

Sorry, but I don’t care anymore.
But if we’re looking for fiscal responsibility that’s not exactly the way to go about it. If we’re going to slash spending, why are we opening up the credit cards? I’ve long been critical of republicans doing the easy part about cutting taxes and being too afraid to cut spending. Apparently they are now cutting the spending, raising taxes on the lower 98% of tax payers and keeping the prior tax cuts for the wealthiest. Why? They’re at a pivotal point when they could really be fiscally responsible and let taxes go up, slash spending and move towards cutting into the debt/deficit. Instead they want a $4 trillion debt limit increase? Do you truly believe they care about the debt?
🤣
 

vantexan

Well-Known Member
But if we’re looking for fiscal responsibility that’s not exactly the way to go about it. If we’re going to slash spending, why are we opening up the credit cards? I’ve long been critical of republicans doing the easy part about cutting taxes and being too afraid to cut spending. Apparently they are now cutting the spending, raising taxes on the lower 98% of tax payers and keeping the prior tax cuts for the wealthiest. Why? They’re at a pivotal point when they could really be fiscally responsible and let taxes go up, slash spending and move towards cutting into the debt/deficit. Instead they want a $4 trillion debt limit increase? Do you truly believe they care about the debt?
Just because the ceiling is that high doesn't mean they have to spend that much. Won't have to worry about shutdowns for awhile.
 

vantexan

Well-Known Member
You believe they’re going to raise the limit and then not spend it? No. You don’t believe that and neither do I.
I believe this president and this Republican Congress is busy.weeding out all the waste, fraud, and abuse so that we can afford to support our entitlement programs and our military. Jury is out on whether they succeed, but we'd have the status quo with Harris, and would be hurtling towards financial collapse.
 

DELACROIX

In the Spirit of Honore' Daumier
I believe this president and this Republican Congress is busy.weeding out all the waste, fraud, and abuse so that we can afford to support our entitlement programs and our military. Jury is out on whether they succeed, but we'd have the status quo with Harris, and would be hurtling towards financial collapse.

Biden and Harris were clueless period. Typical Democratic strategy of dehumanising their opponents when they were in fact the racist elites. If the somehow gotten in we would right now be close to WWW 3, our enemies don’t care about any of this WOKE theological bull crap, it was just another stepping point to cut off our heads.

Trump is counting on the markets to drop in order to lower interest rates and force done of the manufacturing back into America. The job market is changing, these redundant executive positions are now being eliminated, their perks and salaries are getting worse…no more entry jobs that have a quota system now…it is dog eat dog and most the concern should be with the DEI crowd. Face it when I hear some of these Democratic politicians demand their rights by name calling and swearing it just reinforces what the vast portion of our population thinks about their actual qualifications for those positions. We are talking about high level graduates from high level Colleges like Yale or Harvard…do they even teach English 101 anymore.
 

vantexan

Well-Known Member
Markets dropping under a democrat president means the sky is falling and they need to be impeached

Markets dropping under trump means it was done on purpose and they’re a genius playing chess
The markets should have been allowed under Obama to drop and clear out the dead wood. Natural part of capitalism. But the market has been propped up with money printing for well over a decade. That made things tolerable upfront but also increased the bubbles in stocks, real estate, crypto to the point that when they burst it'll be a much harder landing. And of course whomever is in charge when the severe downturn happens will be solely blamed for it. But it's been a long time coming.
 
The markets should have been allowed under Obama to drop and clear out the dead wood
I think the bottom of the markets was March 2009 if my memory serves. That was a 54% fall from the highs in October 2007.

You believe that it should’ve dropped farther than 54%?

70%? 80%? 95% drop from the highs? What do you believe would’ve happened to unemployment in the U.S. had a 90% stock market drop occurred?
 
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