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The Political Forum Discuss anything related to politics in this forum. World politics, US Politics, State and Local.

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Old 12-13-2023, 03:31 PM   #1
VitaMan
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Default terrible Biden economy ?

Dow rallies more than 500 points to record, closes above 37,000 for the first time.
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Old 12-13-2023, 05:07 PM   #2
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Incredible the economy is booming better than was expected. I feel certain that this will continue as these policies have been put into place over the past 3 years.
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Old 12-13-2023, 08:12 PM   #3
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How the naysayers gonna justify keeping their $$$ under the mattress?
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Old 12-13-2023, 09:21 PM   #4
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Quote:
Originally Posted by eyecu2 View Post
Incredible the economy is booming better than was expected. I feel certain that this will continue as these policies have been put into place over the past 3 years.
... the economy is booming?

### Salty
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Old 12-14-2023, 05:07 AM   #5
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Quote:
Originally Posted by Salty Again View Post
... the economy is booming?

### Salty
Institutional traders control the movement in the stock market. They would not be buying up stocks with this kind of volume if they thought the economy was doing bad. The DJIA did set a new all time high under Sleepy Joe's watch.

Biden/Harris in 2024!
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Old 12-14-2023, 07:18 AM   #6
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Nothing pisses maga off more than good economic numbers.
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Old 12-14-2023, 07:53 AM   #7
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Quote:
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Nothing pisses maga off more than good economic numbers.



But the economy isn't that good. It depends on the numbers you look at and highlight. If a Republican were in the White House the Headlines would record credit card debt, record defaults on credit cards shows economy struggling. Plus record early withdrawal from 401K accounts.


For over 50% of Americans the economy isn't great, and getting worse.
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Old 12-14-2023, 08:29 AM   #8
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but, but, but


The Dow Jones hit another record. The economy will continue to improve throughout 2024.
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Old 12-14-2023, 09:25 AM   #9
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Quote:
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But the economy isn't that good. It depends on the numbers you look at and highlight. If a Republican were in the White House the Headlines would record credit card debt, record defaults on credit cards shows economy struggling. Plus record early withdrawal from 401K accounts.


For over 50% of Americans the economy isn't great, and getting worse.
The government isn't responsible for people running up their debts they can't repay. That is personal responsibility.
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Old 12-14-2023, 09:44 AM   #10
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Quote:
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The government isn't responsible for people running up their debts they can't repay. That is personal responsibility.
Excellent point. I have several family members who through their own stupidity ran up credit card debts and got into financial difficulty. Two declared bankruptcy to get out of the mess THEY created.
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Old 12-14-2023, 09:47 AM   #11
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Quote:
Originally Posted by VitaMan View Post
but, but, but


The Dow Jones hit another record. The economy will continue to improve throughout 2024.

the Dow has set a record during every presidency in modern history but you knew that right?
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Old 12-14-2023, 09:55 AM   #12
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Quote:
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The government isn't responsible for people running up their debts they can't repay. That is personal responsibility.

Spoken like a true government idiot that doesn't look at costs of government regulations.
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Old 12-14-2023, 09:55 AM   #13
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And the most recent presidency is.....
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Old 12-14-2023, 09:57 AM   #14
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Spoken like a true government idiot that doesn't look at costs of government regulations.

This makes about as much sense as the highway department causing traffic accidents.


Or the lady that blames McDonalds for making her fat.
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Old 12-14-2023, 10:05 AM   #15
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The credit card industry needs more regulation. Trump rolled back some of the regulations.

I think unsecured lines of credit need to be limited to no more than 10% of the average of your last 3 years income reported on your taxes. There could be provisions for high net worths or if you have significant equity in a home. Student loans would have to be excluded, but private student loans would have limits.
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