This record-breaking market just keeps going higher and higher. Here’s why

Discussion in 'Current Events' started by Durandal, Jan 19, 2024.

  1. Joe knows

    Joe knows Well-Known Member

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    It was most definitely caused by Trump and so was the beginning of inflation. Trumps cabinet policies are the very policies that pushed states to shutdown the economy, lockdown recommendations, and cancel all unnecessary travel. He and his administration absolutely caused the slowdown.
     
  2. dairyair

    dairyair Well-Known Member

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    NO reason for this to continue.
    The president didn't cause the recession due to covid.
     
  3. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Government is never responsible for growth' only the degree in which growth is hindered.
     
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  4. Durandal

    Durandal Well-Known Member Donor

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    Oh, I would absolutely beg to differ. Government spending is a massive, gargantuan part of our GDP. So many people are employed directly or indirectly by the government and its big spending. And you know, it's always been that way. Even in feudal times, kingdoms needed people to build roads and bridges and do myriad other things. Governments direct spending in ways that benefit the governed and would otherwise be difficult if not impossible to achieve, and that benefits countless workers and makes the economy function. We would not even have a country, let alone a healthy economy, without the government and its big spending.
     
    Last edited: Jan 22, 2024
  5. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    You are far from correct. While Gov can temporarily stimulate the economy by starting wars or throwing our tax money at campaign contributors, all it does is kick the can down the road. Eventually, they will need those responsible for growth to pay for it.

    Im glad you used infrastructure as an example. You and I have been paying taxes our whole lives to maintain infrastructure, while our politicians lets things crumble. Since they found other uses for our hard earned tax dollar, we had to pay all over again. This is a net loss.


    Government is never responsible for growth' only the degree in which growth is hindered.
     
  6. Durandal

    Durandal Well-Known Member Donor

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    The government doesn't have to start a war to spend on infrastructure, or even on defense. People are employed working for and with the government at all times and in so many different fields, and what gets built through government spending benefits everybody and makes other forms of economic activity possible.

    As for "crumbling infrastructure," that is generally not the case. At least where I'm at, the roads and other infrastructure are well maintained, and that infrastructure facilitates a lot of other economic activity that would otherwise not be possible or would be much more difficult.

    You're being quite silly.
     
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  7. randlepatrickmcmurphy

    randlepatrickmcmurphy Well-Known Member

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    Yes, and a year ago they were over $8. Until recently they were under $3 but it has ticked up a little bit but still very affordable.
     
  8. Hey Now

    Hey Now Well-Known Member

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    Joey B's Admin and the FED are killing it! He's gonna peak before the election cycle regardless of how Trump and the MAGAts want America to fail under a Biden Admin.
     
  9. randlepatrickmcmurphy

    randlepatrickmcmurphy Well-Known Member

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    So Biden is at fault for the bird flu now...LMAO. Lemme guess...He and Dr. Fauci cooked it up in their globalist lab with George Soros writing the checks?
     
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  10. randlepatrickmcmurphy

    randlepatrickmcmurphy Well-Known Member

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  11. FatBack

    FatBack Well-Known Member

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    I'm used to about $1.86 a dozen
     
  12. independentthinker

    independentthinker Well-Known Member

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    So, just to be clear, now, all of a sudden, you like the one percenters?
     
  13. Boilermaker55

    Boilermaker55 Well-Known Member

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    You will totally not want to believe in the reporting but with actual recordings of CEO's making comments about why they are keeping their prices artificially inflated, it is not the fault of government or anyone person in particular.

    Companies use inflation to hike prices and generate huge profits, report says
    Take a look and see if you want to believe the truth!

    https://www.cbsnews.com/news/retail-price-gouging-lowes-amazon-target-accountable-us/
    "
    Some of the nation's largest retailers have been using soaring inflation rates as an excuse to raise prices and rake in billions of dollars in additional profit, a corporate watchdog group charged on Friday.

    Companies such as CVS Health, Kroger and T.J. Maxx parent company TJX appear to have raised their prices unnecessarily in 2020 and 2021 at a time when Americans were dealing with the economic fallout from the coronavirus pandemic, Accountable.US said in a new report. Instead of keeping prices stable for struggling families, corporations have overcharged Americans and prioritized profit, the group claims. "
    "
     
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  14. nopartisanbull

    nopartisanbull Well-Known Member

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    It isn’t just Government spending as a percentage of GDP, for example; What were the stimulating effects of Eisenhower’s interstate highway system, or NASA partnering with the private sector to design and manufacture a more efficient product? I don’t know, and trying to figure out the investment multiplier of $1, public or private, isn’t my cup of tea.

    However, what’s easy to figure out is Government spending as a percentage of GDP, if one understands how BEA does it.

    For anyone’s info, BEA only calculates Government Consumption Expenditures & Gross Investment, (GCE), both defense and non-defense, Federal, State, and local.

    Stay tuned for additional info….
     
  15. Egoboy

    Egoboy Well-Known Member Donor

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    Well, to be fair, that's the price liberals pay. Whenever a MAGA walks into a Walmart, prices are always bumped 50% at checkout so the rest of us can enjoy cheaper products...

    Oh crap.... did I just give the game away??

    My bad...

    P.S. Got our dozen large eggs at LIDL this am for $1.92.... as the song goes, you gotta shop around...
     
    Last edited: Jan 22, 2024
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  16. nopartisanbull

    nopartisanbull Well-Known Member

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    Let’s continue….

    Now, here’s the reason why one can’t FAIRLY compare Obama’s 2016 “dismal” 1.67% GDP Growth Rate, and Trump’s 2019 2.29% growth rate;

    Sources;

    FRED Real Government Consumption Expenditures & Gross Investment, (GCE), chained 2017 dollars, seasonally adjusted

    NOTE; $1 spent on GCE increases the GDP by $1

    FRED Real Domestic Gross Product, chained 2017 dollars, seasonally adjusted.

    1. OBAMA

    a. At the end of Q4 2015, Real GCE stood at $3.341 Trillion

    b. At the end of Q4 2016, Real GCE increased to $3.389 Trillion, thus, over 12 months, Real GCE increased by $48 billion. Same period, Real GDP increased from $18.892T to $19.304T, thus, by $412 billion.

    48/412 X 100 = 11.65%

    Question; In 2016, what GDP component increased economic growth by 11.65%?

    Answer; GCE, both defense and non-defense

    2. TRUMP

    a. At the end of Q4 2018, Real GCE stood at $3.488 Trillion

    b. At the end of Q4 2019, Real GCE increased to $3.652 Trillion, thus, over 12 months, Real GCE increased by $164 billion. Same period, Real GDP increased from $20.304T to $20.951T, thus, by $647 Billion.

    164/647 X 100 = 25.34%

    Question; In 2019, what GDP component increased economic growth by 25.34%

    Answer; GCE, both defense and non-defense
     
  17. nopartisanbull

    nopartisanbull Well-Known Member

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    I PROUDLY buy my eggs from a local farmer, $10 for a tray of 30 large eggs, thus, per egg, at a much higher price quoted by the Trumpers on this site.
     
  18. Jack Hays

    Jack Hays Well-Known Member Donor

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    Always recovered and continued upward.
     
  19. Egoboy

    Egoboy Well-Known Member Donor

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    I admire your access, but that sounds high to me... do you go to him? Is there any packaging involved? Usually, if you go directly to the source, it's supposed to be a bargain of sorts...
     
  20. nopartisanbull

    nopartisanbull Well-Known Member

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    WTF?



    Headline; Remarks by President Trump at a USMCA celebration with American workers, 30 Jan, 2020

    Trump; “The USMCA is the fairest, most balanced, and beneficial trade agreement we ever signed into law, it’s the best agreement we’ve ever made.”

    TODAY, Trump is proposing a 10% tariff increase on all U.S. imports, INCLUDING imports from Canada and Mexico/USMCA members.

    Question; Was Trump’s USMCA the fairest trade agreement we ever sign into law?
     
    Last edited: Jan 22, 2024
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  21. The Ant

    The Ant Well-Known Member

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    No doubt about that Stain……he’s really got his syphilitic finger on the economic pulse………right?

    IMG_1420.jpeg
     
    Last edited: Jan 23, 2024

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