I enjoy wrestling
Well-known member
Uhh ....psycho_dad you are lost. Tell all about those homeless and undocumented workers. Who works for farmers? I could go on, but there’s no point.
The Biden Recession
- Thread starter OldSoulon
- Start date
cabezadecaballo
Well-known member
Willfully ignorant is not a good way to encounter life, but I guess it still works for some folks..
Yep. California will be our first third world state: 1% elites, and 99% peasants. And it only took 25 years of radical left-wing rule.
GDP report reveals ominous Great Depression warning sign not seen since 1932
The latest GDP report from the Bureau of Economic Analysis tells us that the U.S. economy is slowing down. While the Biden White House wants to spin the numbers, they are not good.
www.foxbusiness.com
"But perhaps most troubling is the precipitous drop in real disposable income, which fell over $1 trillion in 2022.
For context, this is the second-largest percentage drop in real disposable income ever, behind only 1932, the worst year of the Great Depression.
As consumers continue depleting cash reserves and borrowing costs are rising, the growth in consumer spending will keep slowing. Since that accounts for roughly two-thirds of GDP, this doesn’t bode well for the economy.
Just how much pain is the consumer feeling? The average family has lost about $6,000 in annual purchasing power under Biden because prices have risen so much faster than wages. Higher interest rates have increased annual borrowing costs by $1,400, so that the average family effectively has $7,400 less in their annual budget.
But that’s just the average. Someone trying to buy a median priced home today will have a monthly mortgage payment that is 80 percent higher than when Biden took office. That means spending an extra $9,500 a year for the same house.
Meanwhile, federal nondefense spending grew 11.2 percent in the fourth quarter, another example of politicians feeding the federal budget while starving the family budget."
(Rigged) elections have (dire) consequences.
SayMyName
Well-known member
brian1227
Well-known member
Yep my taxes fixed by biden.16.9 percent .legend
SayMyName
Well-known member
Costa
Well-known member
There is a boxcar waiting for you. Willingly hop in.
Costa
Well-known member
Does the middle class even exist?
Sad situation.
obama then biden FORCING socialist policy on a capitalist society is a recipe for disaster.
Manufacturing activity slowed for the third month in a row, with the ISM® Manufacturing Purchasing Managers’ Index® declining to 47.4 in January from 48.4 in December. January’s numbers signal a post-pandemic low.
Orders and production: New orders declined sharply, falling for the fifth consecutive month as economic uncertainty persists.
Production dipped, and exports, though still down, decreased at a slower pace last month.
Dumpster fires everywhere under this regime.
Orders and production: New orders declined sharply, falling for the fifth consecutive month as economic uncertainty persists.
Production dipped, and exports, though still down, decreased at a slower pace last month.
Dumpster fires everywhere under this regime.
Sharp, Long-lasting Slowdown to Hit Developing Countries Hard
https://www.worldbank.org › global-economic-prospectsJan 10, 2023 — The global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024. The sharp downturn in growth is expected to be widespread, with ...
Why a global recession is inevitable in 2023 - The Economist
https://www.economist.com › 2022/11/18 › why-a-glob...Nov 18, 2022 — Much of the world will be in recession in 2023, and in several places economic weakness could exacerbate geopolitical risks. This poisonous ...