Thanks, Joe and Kamala. Seems like we can always count on Democrats to fix Republican's mess. Remember where we were in 2020? There is no doubt this campaign season of the answer to the question "Are you better off now than you were four years ago?" Hell yea! Both financially and in pride of country!
shareMy 401k and other investment accounts are doing well. Keeping up with inflation, at least. But the bubble in equities is generally a case of the 1% going Scrooge McDuck on the middle and lower classes, printing money and inflating away the value day-to-day possessions.
I thought leftists found it abhorrent when oligarchs used rent seeking and market manipulation to pick the pockets of the common man. Was I wrong?
Inflation rate is very low at 2.4% in September exceeding expectations. The stock market profits are way above the inflation rate.
And US economy added 254K jobs in September, well above expectations.
Thanks Kamala and Biden!
Imagine being so imtellectually dull that you're reduced to parroting regime talking points like a graduate of the Kim Il-Sung School of Subservience.
And answer the question, Keelai, why are you giddy about the 1% padding their portfolios at the expense of the poor?
Half of Americans have a 401k or other retirement account in the stock market. They're a lot richer today. Thanks Biden and Harris!!
shareMost of those are very modest imvestments amd given the restrictions around 401k withdrawals, the paper value of any such account doesn't help.people pay today's record high prices for food and clothing.
And what about your beloved illegal invaders? They don't have investment accounts. How are they affording today's exorbitant, regime-driven prices? Why don't you care about them?
Economy and retirement investments are doing great! You're just poor. It appears Trump didn't help you during his 4 years in office.
Thanks for the reminder that Trump failed to build his wall.
Legal asylum seekers and immigrants will quickly be doing better than you are since they're here for a better future, therefore they'll work hard to learn English, create their own businesses and send their kids to elite universities to join the upper classes.
Meanwhile, you're wasting plenty of your time on social media whining instead of helping yourself like the migrants whom you despise.
It really fries you that, I, a white man, succeed in the land of my forefathers. Meanwhile, untold millions of third world parasites scurry into our lands in an attempt to get any handout possible, all because their own lands are hopelessly dysfunctional.
share"third world parasites "
You're a racist.
Clearly, you're a whiny loser who hasn't succeeded. You should thank me and other taxpayers for providing you with food stamps.
I suspect you yourself are one of those third world parasites.
shareYou're a bitter loser who accomplished nothing in life which is the reason for your pathetic scapegoating and jealousy. I suggest you stay in Europe rather than "third-world Native-American" land since you hate nonwhites so much.
share"You're just poor."
Keelia's an elitist now. Who knew.
I bet she's on Epstein's list too.
Never respond to the poster.
shareDoesn't matter, everything is still expensive as fuck... We need change. Four more years of this and we'll all be homeless in some fashion.
Also, I was substantially better off in 2019 than now, and I was actually hopeful for the future.
Not so much now.
No, it's not!!!
Inflation is at a 3 year low at 2.4%. That is the reason why the Fed has started to lower interest rates. The economy is strong right now. Low inflation. Low unemployment. Higher wages beating the low inflation. And record high stock market. Thanks Biden! Thanks Harris!
You have not the slightest clue what life is like for a large swath of the country.
share"Doesn't matter, everything is still expensive as fuck"
-Keelai "No, it's not!!!"
How can you disagree with such fine argumentation?
Are you stupid or something? Those numbers don’t mean a damn thing to the average person who is paying more than double what they used to for groceries just a few years ago.
share"average person who is paying more than double what they used to for groceries just a few years ago."
Classic example of a strawman argument right there. Dump should have caught up with Harris in the polls if that were true.
Inflation rate
As of October 10, 2024, the US inflation rate is 2.44%, which is lower than the long term average of 3.28%.
"Inflation rate
As of October 10, 2024, the US inflation rate is 2.44%, which is lower than the long term average of 3.28%"
"Classic example of a strawman argument right there."
The irony.
That has fuck all to do with a shrinkflated log of cheese that costs nearly twice what it did in 2018. Meanwhile wages have not doubled in the meantime to compensate.
Left, right or middle, you are truthfully one of the dumbest people on these forums. The only other contender on these boards at least suffered a head injury in the military. Do you eat paint chips for breakfast? What is your excuse for being so fucking stupid?
Inflation cooled to 2.4% in September 2024, according to consumer price index data released by the Labor Department on Oct. 10. That's down from 2.5% the previous month and in line with market expectations of 2.3% to 2.4%. The inflation rate peaked at 8.9% in June 2022 – a 41-year high
share>Inflation is at a 3 year low at 2.4%
I.e. higher than the Trump era.
You don't understand capitalism. Inflation occurs when people are making good money like wage increases, low unemployment, strong stock market, business growth, etc.. Companies will increase prices because they feel that folks can afford it.
Trump inherited a strong economy from Obama, but it quickly weakened with his stupid lost trade war with China which caused U.S. farmers to lose money and take welfare, his dumb tax cut for billionaires, lower GDP and mismanagement of covid which destroyed the economy. Weak economy under Trump = low inflation.
Biden's policies, like lower taxes for working-class, lowered the poverty rate in U.S., increased wage growth, repaired Trump's record bankruptcies, Bear market and unemployment, increased jobs, higher GDP, etc.. Biden's economy was so red hot strong that the Feds stepped in to dramatically raise interest rates in order to slow it down which made bank savers like me thousands of dollars extra each month. Companies raise their prices because the public is making more money. Strong economy under Biden = higher inflation.
I wrote on MC a few years ago that the government and Feds want more unemployment, less wage growth, slower economic growth to lower inflation and get folks to accept lower wages and force them back in the office instead of remote.
This is important! Capitalism works best when regular folks are hurting a bit with some unemployment, have small wage growth, etc.. When regular folks are doing too well with low unemployment, then they can demand higher wages and better working conditions from employers. It's preferred if workers go begging for jobs in order to accept crap wages and force people back in the office rather than working remotely and other good benefits.
I'm linking this extremely funny 1-minute video which shows a French employee just hired by an American company. Very true:
https://www.youtube.com/watch?v=NrPTl5EMxko
A mess caused by the same Democrats that are pretending to temporarily fix something to gain gullible voters.
shareWhat's a mess? The Dow and S&P at record highs? Record number of people working? No foreign entanglements? Florida underwater? ( just kidding, but couldn't happen to a nicer state!) True, we still have to fix women's 2nd class citizenship status, but that's coming soon to a voting booth near you! ( Answer the question, are you not better off now than 4 years ago?--don't make me remind you of what things were like four years ago with the botched--nonexistent until too late--covid response).
shareAnswer the question, are you not better off now than 4 years ago?
I got your "no" but you are lacking in any specific reason. So, typical deplorable, part of a cult of irrationality; e.g., you can't even see how your font makes you look childishly ridiculous.
shareKeel-AI is all over this thread isn't she...? There's no way you can live in the US, and believe prices are back to 2019 levels. She is either are a paid foreign shill, or a SAHM that's the wife of a multi-millionaire.
share3.75 years of hell and the stock market is doing well 1 month before their 4 years is up....
Ha ha ha ha ha
Socialists must be furious. Why aren't you burning down Wall Street?
share