The Kamala Harris Economy And Bidenomics

Do you know these regular workers or did you just make them up?

"What about the regular workers though? You know, the people that have seen their real income in free fall and their credit card debt explode. You elitists still don't get it and still can't figure out why you lost."
 
Do you know these regular workers or did you just make them up?

"What about the regular workers though? You know, the people that have seen their real income in free fall and their credit card debt explode. You elitists still don't get it and still can't figure out why you lost."
Where does that say anyone is broke? You're wrong again and, once again, clowning yourself. Probes.e dumb.
 
You realize you're dealing with someone who's citing consumer spending as evidence of the economy being great, while ignoring consumer debt is at record highs? I'm sure you do but just wanted to through that out there. lol
Yes. The moron doesn't understand that the spending comes from the debt. He's incredibly stupid.
 
Where does that say anyone is broke? You're wrong again and, once again, clowning yourself. Probes.e dumb.
If you have to spend more than you make and have to live off credit cards, you are broke. Sounds like you live like this and don't want to admit you are broke.
 
You realize you're dealing with someone who's citing consumer spending as evidence of the economy being great, while ignoring consumer debt is at record highs? I'm sure you do but just wanted to throw that out there. lol
Well, we know that government spending is not propping up this economy relative to the last 15 years so we can remove that BS narrative. We know consumer spending is extremely strong. It does seem some element of the population is incurring more debt. My question would be is this debt driven by essential or non-essential spending? Do you know how you would determine that?
 
You call it whatever you want but if you spend more than you can make and live off of credit cards, you are a broke m-fer. Chin up.
That's not what you said. You said "Broke". Show me where I said anyone was broke. You can't. You're wrong. You're fat. You live in a trailer. You're stupid.
 
That's not what you said. You said "Broke". Show me where I said anyone was broke. You can't. You're wrong. You're fat. You live in a trailer. You're stupid.
These people you know who have real incomes in free fall and have exploding personal debt, is that debt from essential or non essential spending?
 
Well, we know that government spending is not propping up this economy relative to the last 15 years so we can remove that BS narrative.

WTF are you talking about?

We know consumer spending is extremely strong. It does seem some element of the population is incurring more debt. My question would be is this debt driven by essential or non-essential spending? Do you know how you would determine that?

It doesn't seem like that, it's the reality. That's why it's stupid to be pimping spending as a sign of a strong economy without also noting increasing debt.
 
WTF are you talking about?
Government spending as a percentage of economic output is at a 15 year low.
It doesn't seem like that, it's the reality. That's why it's stupid to be pimping spending as a sign of a strong economy without also noting increasing debt.
Back to my questions you seem to want to avoid, again. Is that debt spending on essential or non essential items? Do you know how to figure that out?
 
These people you know who have real incomes in free fall and have exploding personal debt, is that debt from essential or non essential spending?
I'm not their accountant, how would I know. Perhaps real world experience outside of picking up hookers would so you some good. Also, still waiting to see where I said anyone was broke.
 
Government spending as a percentage of economic output is at a 15 year low.

As of when?

Back to my questions you seem to want to avoid, again. Is that debt spending on essential or non essential items? Do you know how to figure that out?

I'm not avoiding anything. You tell me what the spending was for, since you're the one who uses consumer spending as one of your main barometers for how the economy is doing.
 
I'm not their accountant, how would I know. Perhaps real world experience outside of picking up hookers would so you some good. Also, still waiting to see where I said anyone was broke.
OK you don't know. Then quite blaming everything but the people who can't manage to succeed financially in this economy.
 
As of when?
In 2023 and 2024. Government spending as a percentage of GDP exploded in 2020 and decreased every year since and now stands lower than any time in the last 15 years.
I'm not avoiding anything. You tell me what the spending was for, since you're the one who uses consumer spending as one of your main barometers for how the economy is doing.
I use lots of barometers. This discussion was about the impact of spending. Government spending is down relative to economic production and consumer spending is up, especially discretionary spending. 4 of the 5 biggest gainers are largely considered non essentials:

1. Restaurants/Bars
2. Apparel
3. Groceries
4. Beauty/Personal care
5. Vacation Travel
 
In 2023 and 2024. Government spending as a percentage of GDP exploded in 2020 and decreased every year since and now stands lower than any time in the last 15 years.

I use lots of barometers. This discussion was about the impact of spending. Government spending is down relative to economic production and consumer spending is up, especially discretionary spending. 4 of the 5 biggest gainers are largely considered non essentials:
For Pro.bese:
1. Hookers
2. Concrete blocks for double wide
3. Extended belt
4. Aldi gift cards
5. Massage parlors
FYP
 
In 2023 and 2024. Government spending as a percentage of GDP exploded in 2020 and decreased every year since and now stands lower than any time in the last 15 years.

That's a lie.

I use lots of barometers. This discussion was about the impact of spending. Government spending is down relative to economic production and consumer spending is up, especially discretionary spending. 4 of the 5 biggest gainers are largely considered non essentials:

1. Restaurants/Bars
2. Apparel
3. Groceries
4. Beauty/Personal care
5. Vacation Travel

You use 2 barometers for the most part, the stock market and consumer spending. And I get why, those are 2 areas that get completely jacked when we experience times with high inflation like we have the past 4 years or so. Either way, none of this contradicts my original point which was it's stupid to ignore consumer debt while also celebrating consumer spending. It's like ignoring cost of living increases and then celebrating wage gains. It paints the picture of someone who has an agenda or doesn't understand all the moving parts that go into economic figures.
 
Last edited:
That's a lie.



You use 2 barometers for the most part, the stock market and consumer spending. And I get why, those are 2 areas that get completely jacked when we experience times with high inflation like we have the past 4 years or so. Either way, none of this contradicts my original point which was it's stupid to ignore consumer debt while also celebrating consumer spending. It's like ignoring cost of living increases and then celebrating wage gains. It paints the picture of someone who has an agenda or doesn't understand all the moving parts that go into economic figures.
Wrong. I use several measures and consumer spending is typically not even one of them although it is an indicator. If you read the thread, my introduction of consumer spending was only done in response to the false claim that this economy is propped up by government spending more than most. I encourage you to review my posts on economic growth which include measures like employment, GDP, productivity, and yes the stock market. While the stock market is not a core indicator, investors typically are cautious about investing in times of extreme uncertainty and slowing economies. As such, it is decent validator of the underlying measures.

This is just one example from a conversation you participated in from just before the election. Nowhere, did I mention consumer spending but I probably should have.

1737042710754.png
 

Government spending in the United States was last recorded at 34.4 percent of GDP in 2023. The previous low was 34.18% in 2007.

 
Top