So long story short: Party before country. Owning the libs is more important than doing a good job governing.
How does a MAGA define winning?
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I think if he torpedoes the economy and single handily throws the country into a recession, all the other stuff won’t matter.
Nearly a Billion Dollars in DOGE ‘Savings’ Disappeared Overnight
In a late-night update to its webpage, DOGE removed hundreds of previously claimed cuts and altered scores of others to boost the items’ claimed “savings” values.
This is definitely winning.
What's the difference between a poorly dressed man on a unicycle and well dressed man on a bicycle?
Attire
You sure you're not confusing him with Robert Reich?
This is incorrect. There currently isn't any economic crisis and if we do have one in the future it will be because of our overwhelming debt, which has been caused by Congress and Presidents of both parties the past 25 years. To be fair to the politicians, it's what the U.S. citizens voted for.
Metals.
Gold touched $3,351 t. yesterday
.6853 % growth since Q2, 2023.
Silver has been quite volatile, reaching $35.10t. on March 27, dipping to $29.94
on April 7th, now back to $32.37....
.26 % growth since Q2, 2023.
You don't have to tell me - I'm retired and am using my IRA. So I know exactly the effect.
Evidently you didn't notice I said if I was his age, which, I assume, has some years before retirement.
Hey, if you want to sell at the bottom, go right ahead. But I know few people - as in none - who depend on their investments for day-to-day living. Everyone I know invests for retirement and those who aren't retired yet can make a shit ton of money by investing with the market is down.
And, Trump's tariff announcements impacted ordinary Americans by screwing the markets right in the middle of tax season. The market began falling ~Feb. 20 and had another big drop beginning April 2.
April 15 was the deadline for both estimated tax payments and the filing of returns. Millions typically sell off a few investments to make required payments. Any of them who had to sell in that time period likely had to sell at a far lower price than inauguration day.
Then, Trump's 90-day retreat from his announced tariff policies means that the market will remain in chaos through mid-July, with little chance to return to the inauguration day Biden levels until August or later.
Apparently, Wall Street and Main Street intersect. 62% of Americans own stock.
How Many Americans Own Stock? More Than You Think | The Motley Fool
How many Americans own stock? 62% of American adults, or around 158 million people, own stock. But there's more to the story.
www.fool.com
More than half of American households own mutual funds.
Share of U.S. households owning mutual funds 2023| Statista
In 2023, 52 percent of the households in the United States owned shares in a mutual fund.
www.statista.com
At some point, Trump's chaos will also affect retirees who have to sell from their IRAs at lower prices to make their required RMD's this year based on the values of their IRAs as of 12-31-24 (i.e. close to the inauguration day level). May be advisable to wait as long as possible to make those RMDs in hopes that the market will go back up, so those sales/RMDs likely will be compressed into the last 4-5 months of 2025 rather than be spread throughout the year. Trump's erraticism makes it impossible to plan ahead.
Sure. You can shit your pants and say hey I get to buy some new pants. But you didn’t really address the shitting your pants part of it all.
The libs do need to be neutralized. The welfare state they constructed and are defending to utter grim death is in the early stages of collapsing on top of all of us. And it's a genuine problem. The data is there for everybody to see and it is harrowing. And that's on top of the profound social ills that that worldview has wrought.
We have a front row seat to what places look like when there is no political opposition to the libs. And streets lined with zombies, tents, and garbage ain't exactly a travel brochure. It's more reminiscent of the end of the Running Man, when the show's glorious promised prizes are exposed as a cover for the death and mayhem that awaits the contestants.
But Donald Trump is the fire to their frying pan. So it sucks that a man with such awful instincts and ideas is the one guy, it would appear, to have the gumption to cross swords with them.
Helluva mess. And I think it's going to get worse before it gets better...if it ever does.
With that depressing thought...have a nice day!
As opposed to the one that gave us a 41 year spike in prices that we’re stuck with? That policy? Did you forget that policy? The predicate for why we can’t try tariffs. The legacy of the dumbest president in history?
That's a classic "flight to safety," in response to Trump's pronouncements, right?
Seems like Republicans are generally in charge of the ship when it crashes (Bush and the recession and now Trump and his one man wrecking crew).
But yea sure, need to save it from the libs.
The web site accepted my first link then X'd it out. So I had to change it.
FIFY
41 year spike in inflation. Gas. Houses. Groceries. Libs. Free cheese
Wherein the Water Cooler’s resident mathematician/economist touts gains of .6853% and .26%!!!
Moneybags!
Whether posting as @IUHickory or @HurryinHoosiers, you never fail to fail post. Your penchant for it is only outweighed by your infantile grasp of whatever the subject matter happens to be.
only have posted as Hurryin.
Small minds that can't refute what was said resort to insults.
Do you store aluminum in your armpits? In your brain? It is poisonous you know…
How do you explain inflation around the world at the same time? Also, I know by now you hatred free cheese for individuals. Where does Cirpo6free cheese fit?
I contend Biden handed Trump an economy that was the envy of most the world.
It added an extra 3 points unnecessarily bc of free cheese
High inflation made finances worse for 65% of Americans last year | CNN Business
Inflation may have slowed last year, but it continued to deal heavy blows — some devastating — on Americans’ livelihoods: Nearly two-thirds of US adults were worse off because of it, and roughly 1 in 6 couldn’t pay all their monthly bills, new Federal Reserve data shows.
Why Is U.S. Inflation Higher than in Other Countries? - San Francisco Fed
Inflation rates in the United States and other developed economies have closely tracked each other historically. Problems with global supply chains and changes in spending patterns due to the COVID-19 pandemic have pushed up inflation worldwide. However, since the first half of 2021, U.S...
www.frbsf.org
Bidenomics free cheese. AOC ran that presidency. Legacy we’re stuck with today. Prices. Not the economy. And again people are “in” the market but 401ks etc but it’s the level that matters. Something like the bottom 50 percent of Americans are 1 percent of the market
I thought you were referring to the U.S. when you mentioned Trump causing a crisis. In the Indiana report it said one of the changes in the forecast is because the 2024 revised data that came out in March, was weaker than expected. That's from Biden's tenure.
Also, he forecast slowing growth and not a crisis. I disagree with his forecast on inflation and agree that Trump's tax increases from tariffs will slow growth some.
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My metal investments:
Not worth to me as much as it used to, but there's still value in it.
What’s crashing our ship is the increased cost of government, primarily emanating from entitlement cost growth, beyond the ability of our economy to afford.
I’m sorry, but it’s not conservatives who have constructed and defended a welfare state that is decimating our national finances. And, worse, the stated intent of the vanguards of the welfare state is to grow it even more…which is insane, considering the math.
Citing who happens to be in office as the direct or indirect consequences of this manifest is missing the forest for the trees. This is something that has been building for decades.
What fault I’ll gladly lay at the feet of Republicans is their failure to even make a good faith effort to address and correct the problem.
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We all have our favorites.
Which could include drastic and massive military spending cuts. However, what happen to all those people in that value chain?
Decisions indeed.
Also, I mostly agree with your but these entitlement programs like SS and Medicare/caid are now engrained in how we organize our society and economy. I am open to changing how we fund those programs, etc. but eliminating them, I would hope, is a non starter (it is politically which means it won't happen).
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