The Kamala Harris Economy And Bidenomics

Don't just tell a story, show the numbers. How far do each of you drive every day. What kind of gas mileage do you get? On just speculation that gas prices might be lower, you determine your vote? What is a good deal more money our of pocket each month?

The average American drives 14,263 miles per year. So, the average person drives 40 miles a day. The average vehicle gets 26.4 miles / gallon. Doing the math, the average person uses 553 gallons a year. The price of gas at the end of 2019 was $2.90/ gallon. You are spending 80 cents a gallon more than you did at the end of 2019. We won't count 2020 when MAGA trashed the economy. We will round up to $450 more per year someone is paying now than in 2019 for gas. $37.50 / month. $8.65 /day
LOLOL Only a DA won't admit a ONCE IN A LIFETIME PANDEMIC wasn't 100% responsible for lowering a magnificent economy built by Trump. Then he helped fast forward the vaccine handing Inpet puppet Joe a Golden egg laying goose, and MR. Depends being handed a solution to the effects of a pandemic only proceeded to cause the worst Inflation we've seen in decades , then his freeloading voting base tries to applaud creating "jobs" which were over 95% people just returning to work after Joe shut the country down :ROFLMAO: :ROFLMAO: :ROFLMAO:
 
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For the low IQ Leftists on here, Friedman makes it easy to understand freedom and equality.
 
Meanwhile in the real world...Best soft landing evah!

“U.S. productivity rebounds sharply in second quarter, ”

“U.S. productivity accelerated to a 2.3% annual clip in the second quarter, up from a revised 0.4% gain in the prior three-month period, the government said Thursday.

Rate cuts coming!

Manufacturing boom!

Record employment!

Strongest economy in the world!
 
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Meanwhile in the real world...Best soft landing evah!

“U.S. productivity rebounds sharply in second quarter, ”

“U.S. productivity accelerated to a 2.3% annual clip in the second quarter, up from a revised 0.4% gain in the prior three-month period, the government said Thursday.

Rate cuts coming!

Manufacturing boom!

Record employment!

Strongest economy in the world!
 
So people committing crimes blame something else besides themself for committing the crime … wow what a revelation!
I mean they aren't getting prosecuted for it, so why not right?

Of those who admitted to recent retail theft, roughly 90% of them said they did so because of inflation and the current economy. Specific reasons included, prices becoming otherwise unaffordable (34%), helping make ends meet (30%) and helping save a few bucks (27%).

"Lots of people are struggling in the face of still-rising prices, and they're going to somewhat desperate measures to help them get by," LendingTree chief credit analyst Matt Schulz said in a statement. "With inflation stubbornly sticking around, that's not likely to change soon."
 
I mean they aren't getting prosecuted for it, so why not right?

Of those who admitted to recent retail theft, roughly 90% of them said they did so because of inflation and the current economy. Specific reasons included, prices becoming otherwise unaffordable (34%), helping make ends meet (30%) and helping save a few bucks (27%).

"Lots of people are struggling in the face of still-rising prices, and they're going to somewhat desperate measures to help them get by," LendingTree chief credit analyst Matt Schulz said in a statement. "With inflation stubbornly sticking around, that's not likely to change soon."
LOL.
 
So people committing crimes blame something else besides themself for committing the crime … wow what a revelation!
If your linked story is true, then one could surmise that the Depression-era fomented the largest crime wave of all time.

Turns out it wasn't as our culture was much different 100 years ago. What's gone wrong?
 
Don't just tell a story, show the numbers. How far do each of you drive every day. What kind of gas mileage do you get? On just speculation that gas prices might be lower, you determine your vote? What is a good deal more money our of pocket each month?

The average American drives 14,263 miles per year. So, the average person drives 40 miles a day. The average vehicle gets 26.4 miles / gallon. Doing the math, the average person uses 553 gallons a year. The price of gas at the end of 2019 was $2.90/ gallon. You are spending 80 cents a gallon more than you did at the end of 2019. We won't count 2020 when MAGA trashed the economy. We will round up to $450 more per year someone is paying now than in 2019 for gas. $37.50 / month. $8.65 /day
MAGA trashed the economy...Kamala isn't the only one trying to memory hole the past
 

Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%​

Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday.
Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, its highest since October 2021.

“Temperatures might be hot around the country, but there’s no summer heatwave for the job market,” said Becky Frankiewicz, president of the Manpower Group employment agency. “With across-the-board cooling, we have lost most of the gains we saw from the first quarter of the year.”

While the survey of establishments used for the headline payrolls number was discouraging, the household survey was even more so, with growth of just 67,000, while the ranks of the unemployed swelled by 352,000. The labor force also contracted by 214,000, though the participation rate as a share of the working-age population actually edged higher to 62.7%.

Though markets on Wednesday cheered indications from the Fed that an interest rate cut could come as soon as September, that quickly turned to trepidation when economic data Thursday showed an unexpected jump in filings for unemployment benefits and a further weakening of the manufacturing sector.

That triggered the worst sell-off of the year on Wall Street and renewed fears that the Fed may be waiting too long to start cutting interest rates. Easing wage gains could help policymakers feel more confident that inflation is progressing back to their 2% goal.
 

Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%​

Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday.
Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, its highest since October 2021.

“Temperatures might be hot around the country, but there’s no summer heatwave for the job market,” said Becky Frankiewicz, president of the Manpower Group employment agency. “With across-the-board cooling, we have lost most of the gains we saw from the first quarter of the year.”

While the survey of establishments used for the headline payrolls number was discouraging, the household survey was even more so, with growth of just 67,000, while the ranks of the unemployed swelled by 352,000. The labor force also contracted by 214,000, though the participation rate as a share of the working-age population actually edged higher to 62.7%.

Though markets on Wednesday cheered indications from the Fed that an interest rate cut could come as soon as September, that quickly turned to trepidation when economic data Thursday showed an unexpected jump in filings for unemployment benefits and a further weakening of the manufacturing sector.

That triggered the worst sell-off of the year on Wall Street and renewed fears that the Fed may be waiting too long to start cutting interest rates. Easing wage gains could help policymakers feel more confident that inflation is progressing back to their 2% goal.
Rug Ro
 
Ruh Ro indeed .....The liberal left were depending on a push of the Stock Market to sway some independents and maybe steal a few conservatives, dumb ones lol. This should be no surprise, Bidenflation crippled those most dependent on the freeloading social policies Democrats give to the irresponsible at the expense of the responsible middle class, strictly to BUY VOTES, F the middle class that supports those freeloader voters. Hopefully after this debacle with O'Biden and the invisible VP Kamala ( on her knees with a married man ) Harris ....The RESPONSIBLE MIDDLE CLAS MAJORITY decides to Vote!
 
Trump and the Republicans were absolutely in control and botched the initial response so badly there ended up being no real choices. Something simple like contact tracing would have been enough, but the Trump administration knew better. They are not fit to govern again.
Complete BS.

SARS-Cov-2 is an airborne respiratory virus, with all that this means. That fact makes YOU a lying buffoon.
 

Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%​

Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday.
Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, its highest since October 2021.

“Temperatures might be hot around the country, but there’s no summer heatwave for the job market,” said Becky Frankiewicz, president of the Manpower Group employment agency. “With across-the-board cooling, we have lost most of the gains we saw from the first quarter of the year.”

While the survey of establishments used for the headline payrolls number was discouraging, the household survey was even more so, with growth of just 67,000, while the ranks of the unemployed swelled by 352,000. The labor force also contracted by 214,000, though the participation rate as a share of the working-age population actually edged higher to 62.7%.

Though markets on Wednesday cheered indications from the Fed that an interest rate cut could come as soon as September, that quickly turned to trepidation when economic data Thursday showed an unexpected jump in filings for unemployment benefits and a further weakening of the manufacturing sector.

That triggered the worst sell-off of the year on Wall Street and renewed fears that the Fed may be waiting too long to start cutting interest rates. Easing wage gains could help policymakers feel more confident that inflation is progressing back to their 2% goal.


These Democrats have got to go until we fix this. They can return as marginalized opposition later.
 
Complete BS.

SARS-Cov-2 is an airborne respiratory virus, with all that this means. That fact makes YOU a lying buffoon.
So, you are saying that the response was appropriate from the Federal Government? Trump and his administration were in charge. You bitched as much as anyone and whined and cried for a couple of years. Leadership from the President and his administration was incompetent at best.
 
So, you are saying that the response was appropriate from the Federal Government? Trump and his administration were in charge. You bitched as much as anyone and whined and cried for a couple of years. Leadership from the President and his administration was incompetent at best.
Absolutely the response by the federal government was proper. It was overboard, if anything.

"Warp Speed"-ing mRNA was the sole mistake by Trump. I find it somewhat forgivable because I have NO DOUBT that Trump was surrounded by white-coat liars on all sides, pushing him to do so and failing to supply him with all the info needed. He's not medical. At some point he's forced to trust the judgement of others.

Are you stupid as hell, or just a liar here ? You go back and read what I bitched about. It certainly wasn't a lack of useless federal mitigation efforts. What a clown you are, _dud.
 
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Absolutely the response by the federal government was proper. It was overboard, if anything.

"Warp Speed"-ing mRNA was the sole mistake by Trump. I find it somewhat forgivable because I have NO DOUBT that Trump was surrounded by white-coat liars on all sides, pushing him to do so and failing to supply him with all the info needed. He's not medical. At some point he's forced to trust the judgement of others.

Are you stupid as hell, or just a liar here ? You go back and read what I bitched about. It certainly wasn't a lack of federal mitigation efforts. What a clown you are, _dud.
Lack of mitigation or over mitigation was still the Federal Governments responsibility. It's called leadership and Trump and his administration failed epically.

And you are admitting that Trump FAILED and did not have the leadership skills to handle it. He was "Forced"!? What a joke. He had a hand picked task force advising him. His greatest hires! His very own yes men and woman. Trump himself was touting himself as an expert.
 
Lack of mitigation or over mitigation was still the Federal Governments responsibility. It's called leadership and Trump and his administration failed epically.
Straight BS

And you are admitting that Trump FAILED and did not have the leadership skills to handle it. He was "Forced"!? What a joke. He had a hand picked task force advising him. His greatest hires! His very own yes men and woman. Trump himself was touting himself as an expert.
This all you get, but at least you are recognized a big one.

🤡
 

Wisconsin Voters Seethe Over Out-of-Control Housing Prices​

WSJ
By Rachel Wolfe
and Andrew Restuccia
Updated Aug. 2, 2024 11:35 am ET

MILWAUKEE—Not even Midwestern manners can disguise Wisconsinites’ anger over how high housing prices have climbed.

With median sale prices up 8% in the past year, according to Redfin, Wisconsin is the unhappy winner of the biggest price jump among the presidential battleground states. Prices are up here at double the U.S. average.

Some voters here said their frustration over housing could determine how they will vote in November’s election. That is a headwind Vice President Kamala Harris, the expected Democratic nominee, will have to contend with in Wisconsin and in other battleground states, as her rival Donald Trump tries to link her to President Biden’s stewardship of the country.

In the Milwaukee metro area, residents spoke of feeling a dual cost-of-living and identity crisis in a city that has long prided itself on affordability, especially compared with its down-lake cousin, Chicago.

“I always thought we were a more reasonable place to live,” said Kayla Lange, who grew up in the nearby suburb of Kenosha and lives with a roommate in an apartment downtown. The 24-year-old says her $45,000 salary as an IT recruiter leaves nothing left over after paying for rent, food and installments on her student loans.
“It’s gotten out of control, and I blame the people in charge,” she said.

The housing issue shows how Harris has her work cut out for her, particularly in Wisconsin given how fast housing costs here are rising. Wisconsin was the first state Harris visited after she announced her intentions to replace Biden on the ticket. A recent Fox News poll found Harris and Trump tied in the state.

A July Wall Street Journal poll showed that voters rank housing as their second biggest concern when it comes to high prices—behind only groceries. That is a shift from a November 2021 Journal poll, which found that housing was ranked below the cost of groceries, gas and utility bills.

The frustration over housing helps explain why voters feel so pessimistic about an economy that by many measures is good. Biden, like any president, is limited in his ability to significantly lower housing prices, since housing costs are influenced by interest rates and the supply of and demand for homes. Both factors are largely out of his control.

“People are voting based on their sense of how they’re doing financially, and the degree to which they feel like they have opportunity in their lives is closely linked to their housing,” said David Dworkin, president of the National Housing Conference, an affordable housing advocacy organization.

Can’t afford to buy​

Looking at average yearly salaries across dozens of industries in the Milwaukee metro area, the National Housing Conference found that around a third of occupations paid workers enough to purchase a home with 10% down in 2020. Only 6% allow them to afford the same today.

“A few years ago, it was really realistic to afford to buy something while making $50,000,” said John Johnson, a Marquette University Law School research fellow studying local politics, housing and demographic trends. “Not anymore.”

A protracted house hunt was enough to make Nahona Moore, 28, plan to change her lifelong record of voting for Democrats.

Moore, a self-employed makeup artist living on the border of Milwaukee and Wauwatosa, said she blamed both Biden and Harris for “not making anything better.”

She added: “When Trump was still president, if we were making what we make now, we would be set.”

With a household income of $54,000, factoring in her husband Daron Moore’s salary as a nonprofit program manager, the couple had been looking at houses in the $160,000 range. Unlike when they first poked around a few years ago, they said very little was available within their budget. After a monthslong search, including rejected offers, they landed one they really wanted.

But they said scars from the search are sticking with them, and they no longer plan to vote in November. “Based on our housing search, we got lucky, but other people are struggling,” Nahona said. She doesn’t think either candidate will improve the situation.

The Moores got help in their transition to homeownership from Acts Housing, a local nonprofit that has connected thousands of low- and middle-income renters with home-buying resources such as financial planning and loan assistance since its inception in 1992.

The group’s president, Michael Gosman, said 2024 has been one of the toughest years in the organization’s history. Transactions are down 10% from the same period last year.

“There’s so much more pressure,” Gosman said.

Recently, Dawn Horne was at the Acts office to sign closing paperwork on a house in the city for her and her five children. The 39-year-old said the challenges she faced during the house hunt and recent rent hikes will be on her mind when she goes to vote in November. She didn’t vote in 2020 but backed Hillary Clinton in 2016. Now she is leaning toward voting for Trump this fall.

“My dollar went further when Trump was president,” said Horne, who runs a small jewelry business. “I don’t know what to expect from Kamala.”

Before he dropped out of the race, Biden and his top advisers had privately zeroed in on housing costs as one of the president’s most serious economic vulnerabilities heading into the election. Now Harris is set to campaign on much of the agenda Biden’s team had laid out.

The president has proposed housing reforms, such as creating a new $10,000 tax credit for first-time home buyers and providing as much as $25,000 in down-payment assistance for first-generation home buyers. Biden last month called for legislation that would withhold key tax breaks from landlords who control properties with more than 50 units if they don’t agree to limit rent increases to a maximum of 5%. None of those items stand to pass in the Republican-controlled House. The administration has also taken several executive actions.

In 2012, when Harris was California’s attorney general, she negotiated a settlement with big mortgage companies to give relief to struggling homeowners. In her campaign speeches since Biden dropped out, Harris frequently brings up housing, saying she hopes to build a future where every person can afford to buy a home.

“Vice President Harris will continue the fight for affordable housing for all Americans as president,” Harris campaign spokesman Charles Lutvak said.

The administration has also made some moves using executive actions, such as creating a program to save homeowners thousands of dollars in closing costs on certain mortgage refinancings. The Bureau of Land Management is moving closer to selling public land to local governments in Nevada for the construction of new affordable housing.

Trump hasn’t put forward a detailed housing plan, but the Republican platform that GOP officials approved ahead of the convention called for opening up swaths of federal land for new-home construction and providing tax incentives to ease homeownership. A Trump campaign spokeswoman didn’t respond to a request for comment.

Can’t afford to upgrade​

Holly and Santiago Speranza, a husband-and-wife team of real-estate agents, have seen a lot in their 20 years in the industry. But they say that few years have been worse for their buyers than this one.

“You compile limited inventory with a competitive landscape and high interest rates and people are going to get burned out,” Santiago said.

The biggest drop-off in business has come from families that can’t trade up from starter homes, they said.

Santiago’s sister, Fernanda Speranza, falls into that category. She and her fiancé, Scott Scholtens, don’t know how much longer they can squeeze into two bedrooms with two teenagers. But they are loath to give up a $632 monthly mortgage, especially after facing repeated disappointments while looking at homes on and off for the past three years.

“We got frustrated with the situation and having to spend so much time and not finding what we were looking for,” said Fernanda, who is 48 and works in customer service. “It should not be this hard when we have two good incomes.”

She doesn’t think either presidential candidate will improve the situation. After voting for Biden in 2020, she hasn’t decided what she will do in the fall, though she said housing isn’t her only voting concern.

Can’t afford to rent​

Kayla Lange, Mitchell Roehl and Hannah Noel became friends while studying communications at the University of Wisconsin-Milwaukee. The city’s comparatively low cost of living was one of the main reasons they all decided to stay put.

With each making around $50,000 a year, they weren’t expecting to struggle to afford groceries and rent.

“I’m scared about the future,” said Noel, 24, who moved into her mom’s apartment a year ago when a breakup left her unable to afford rent on her own. Roehl said he regrets paying $1,700 a month for a downtown studio.

In college, they each paid around $600 a month for housing across town.

Noel and Roehl plan to vote for Harris because of her record on social issues such as LGBTQ rights. “It feels like we finally have someone who is able to stand up for young people,” Roehl said. “I feel a new sense of hope and excitement about the election.”

Lange says she doesn’t like Trump or Harris.

Across town, residents living in housing subsidized by the Department of Housing and Urban Development are facing the prospect of never being able to leave spots that were supposed to be temporary.

Joseph and Melissa Pinto, both special-education teachers, make around $50,000 a year combined and were saving up to buy a house until the pandemic hit.

When Joseph moved to the U.S. from Puerto Rico, he said he didn’t expect to have to live in affordable housing while working full time. “I don’t want to retire and live in these conditions,” he said.

Joseph voted for Hillary Clinton in 2016, but wrote in his own name in the last presidential election. The 43-year-old said he would likely do the same in November unless one of the nominees has concrete plans to do more to help the working class, which he said he hasn’t seen so far.

“It’s hard now to save money to build a down payment when I need to use that money to survive,” he said.
 
Lack of mitigation or over mitigation was still the Federal Governments responsibility. It's called leadership and Trump and his administration failed epically.

And you are admitting that Trump FAILED and did not have the leadership skills to handle it. He was "Forced"!? What a joke. He had a hand picked task force advising him. His greatest hires! His very own yes men and woman. Trump himself was touting himself as an expert.

Leadership isn't going to stop a virus from running through the population. Nothing the federal government did or didn't do was going to change that.
 
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