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Biden economy firing on all cylinders: Dow enters bear market effectively erasing all stock market gains since Biden took office
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Oct 1, 2022 11:20:34   #
microphor Loc: Home is TN
 
permafrost wrote:
If you have the time to think about it.. tell me how the prez, makes all the goods in the store cost more all by himself.. think hard..


Don't be a smart a$$, Joe can't do $hit by himself and I mean that literally. But he did start signing EO's the minute he got into office that set this $hit in motion. Myself and others have explained it in previous post such as open borders causing influx of i******s, crime, f******l, sex trafficking at the border, his EO aimed at fuel and oil, ect. We've been through all this before but you don't want to consider the merits-you want to be right "no matter what".

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Oct 1, 2022 11:21:25   #
JFlorio Loc: Seminole Florida
 
permafrost wrote:
The strong economy was a gift from the Obama administration.. be happy it was done..

What point did you want to contend about???


You’re completely wrong on the Obama economy also. The worst recovery coming out of a recession since the Great Depression. That clowns administration never got to 3% growth per annum. Ridiculous coming out of a crash. The market could only go up and his policies actually slowed the recovery with all his govt regulations and overreach.

https://thenewamerican.com/obama-s-anti-business-prejudice/

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Oct 1, 2022 11:23:29   #
microphor Loc: Home is TN
 
permafrost wrote:
I am always correct, it is the futile lies coming from the mouth of the orange calf that have you confused beyond reason..

more blah, blah, blah

Reply
 
 
Oct 1, 2022 11:25:01   #
JFlorio Loc: Seminole Florida
 
Don’t know why I bothered. He’s a joke. Hasn’t had an original thought since he joined OPP.
microphor wrote:
Don't be a smart a$$, Joe can't do $hit by himself and I mean that literally. But he did start signing EO's the minute he got into office that set this $hit in motion. Myself and others have explained it in previous post such as open borders causing influx of i******s, crime, f******l, sex trafficking at the border, his EO aimed at fuel and oil, ect. We've been through all this before but you don't want to consider the merits-you want to be right "no matter what".

Reply
Oct 1, 2022 11:37:41   #
American Vet
 
permafrost wrote:
The strong economy was a gift from the Obama administration.. be happy it was done..

What point did you want to contend about???


ROTFLMAO

As one economist put it "The economy improved not because of obama - but in spite of obama".

https://www.investors.com/politics/commentary/obama-recovery-is-worst-in-postwar-history/

https://www.forbes.com/sites/rexsinquefield/2016/11/29/obama-and-the-dems-dismal-recovery/

https://usdailyreview.com/obamas-recovery-worst-since-great-depression/

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Oct 1, 2022 11:44:34   #
microphor Loc: Home is TN
 
JFlorio wrote:
Don’t know why I bothered. He’s a joke. Hasn’t had an original thought since he joined OPP.


I'm starting to feel the same way, why bother!

Reply
Oct 1, 2022 11:51:35   #
JFlorio Loc: Seminole Florida
 


All true. Obama is an anti American hating joke. After a crash, such as 2008, 2009 where was the economy going to go? Dumbass Obama actually slowed growth.

Reply
 
 
Oct 1, 2022 12:06:00   #
AmericanEagle Loc: Indiana
 
JFlorio wrote:
You really don't understand how policies affect inflation? At least just admit it and move on. You're so obsessed with protecting the Democrat Party you are nothing more than a useful pawn for them. Probably why all you do is default to Trump (hasn't been President for almost two years) and cut and paste from far left sources.
Short Lesson:
Much of the economy had been shut down due to C***d. Commonsense should tell you when the mandates were lifted, jobs would fill and consumer spending would ensue at an accelerated rate. They passed an infrastructure (lie) bill that dumped billions into the economy. They also had billions given to states for C***d relief. They paid people to be non-productive, further putting more money into the economy. All while we have a supply chain problem that was partially administration made. Biden's personal war on f****l f**ls helped spike energy costs since oil; is a futures market. This Green Deal will devastate the economy. (I will bet you any amount you want.) His advisors aren't i***ts. This is all planned. The left has always h**ed capitalism after they've made their fortune using it. It is a flawed economic policy. However; it is the best economic policy out there. There's a reason I bought options (calls) on oil shortly after Biden was elected. I'm no genius but I knew oil prices would spike. Quadrupled my investment and got out. Do you know why the FED is raising interest rates? To pull money out of the economy, thus slowing inflation. Except one small problem; this administration keeps spending money so raising interest rates only hurts the consumer. There is no defending the actions of the left unless you agree with them. I would appreciate more Democrats just admit they want more government control and would prefer hand outs to entrepreneurship .
You really don't understand how policies affect in... (show quote)


Spot on…..liberals heads exploding everywhere😂

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Oct 1, 2022 12:08:23   #
AmericanEagle Loc: Indiana
 
microphor wrote:
Don't be a smart a$$, Joe can't do $hit by himself and I mean that literally. But he did start signing EO's the minute he got into office that set this $hit in motion. Myself and others have explained it in previous post such as open borders causing influx of i******s, crime, f******l, sex trafficking at the border, his EO aimed at fuel and oil, ect. We've been through all this before but you don't want to consider the merits-you want to be right "no matter what".


Funny Permy brain damage says he’s always right😂. He meant to say LEFT I’m sure🥴

Reply
Oct 1, 2022 12:13:46   #
BIRDMAN
 
permafrost wrote:
trump out of office for near 2 years... true.. but Reagan has been out of office for decades and we are still paying the price for his deeds..

as for the orange reek....

so many things to point out and so little space..

just this for now..

In the 26 months between Trump’s tax bill and the economy’s peak before the p******c, economic growth slowed by about two-thirds. Between Obama’s recovery act and the tax bill, the Dow grew at an average of 16.2% annually. After the tax bill that dropped to 5.8%. Before the tax bill, unemployment was dropping by about .75% annually. After the tax bill, about .25% annually. In 2019, the Fed lowered interest rates for the first time since Bush was President to combat the slowing economy, and Trump himself complained that they didn’t commit to do more to prevent a recession. And the Trump recession officially began in February 2020 while Trump was still pretending the p******c was a Democratic h**x.

Trump was by far the most wasteful President in modern history. He grew the deficit every year he was in office—a feat not even GW Bush accomplished. He wasted billions on an i***tic border wall (and shut down the government for the longest time in history because his own party wouldn’t fund it). He wasted millions if not billions rebranding part of the Air Force to look like Star Trek cosplayers. When he should have been investing in making the country safe for commerce during the p******c, instead he borrowed trillions to prop up the stock market and to pay people to not work. He would become the first President in history to maintain a debt to GDP ratio over 100% for his entire term, added more to the national debt in four years than Bush 41 and Bush 43 added in their twelve years combined, and added more in one year than Reagan added in two full terms.
trump out of office for near 2 years... true.. but... (show quote)



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Oct 1, 2022 13:46:33   #
Radiance3
 
Parky60 wrote:
The Dow Jones Industrial Average officially entered bear market territory on Monday, following a precipitous drop.

The key metric fell 329.60 points on Monday, marking a 1.11% decline, placing the index in bear market territory, per MarketWatch. A bear market is traditionally defined as a 20% decline from a recent high.

On Friday, the Dow Jones plunged below 30,000, effectively erasing all of the stock market's gains since President Joe Biden took office.

The S&P 500 also reached a low point for the year 2022, dropping 1.03% to 3,655.04, while the third major index, the Nasdaq Composite, dropped 0.6% to 10,802.92.

A major index officially plunging into a bear market adds pressure on the Biden administration, which has sought to redefine the formal definition of an economic recession following consecutive quarters of economic decline, the traditional benchmark.
The Dow Jones Industrial Average officially entere... (show quote)

=================
Yesterday, Sept. 30th the the stocks were massively battered. All of them have gone down below level of the Jan 2021 market. All were lost. And we the people as a result, will suffer. None left for our savings and retirement.

Biden is the only president who've spent tens of trillions of of the funds from the US Treasury. US Treasury is at the negative. Debts have sky rocketed. He spread money to his handout people who refuse to work, and with the purpose of luring them to v**e for socialist DEMS.

Therefore, supplies of all essentials and goods could not meet the demands of the 332 million people. Tens of million of them are handouts, plus additional handouts of more than 4 million new entries of Biden's illegal invites. .

Reply
 
 
Oct 1, 2022 19:43:01   #
BIRDMAN
 
permafrost wrote:
The strong economy was a gift from the Obama administration.. be happy it was done..

What point did you want to contend about???


Yeah sure and when Trump wins in 2024 and economy is great you’re gonna say it was because of Biden like we never heard this before

Reply
Oct 1, 2022 19:43:51   #
BIRDMAN
 
permafrost wrote:
trump out of office for near 2 years... true.. but Reagan has been out of office for decades and we are still paying the price for his deeds..

as for the orange reek....

so many things to point out and so little space..

just this for now..

In the 26 months between Trump’s tax bill and the economy’s peak before the p******c, economic growth slowed by about two-thirds. Between Obama’s recovery act and the tax bill, the Dow grew at an average of 16.2% annually. After the tax bill that dropped to 5.8%. Before the tax bill, unemployment was dropping by about .75% annually. After the tax bill, about .25% annually. In 2019, the Fed lowered interest rates for the first time since Bush was President to combat the slowing economy, and Trump himself complained that they didn’t commit to do more to prevent a recession. And the Trump recession officially began in February 2020 while Trump was still pretending the p******c was a Democratic h**x.

Trump was by far the most wasteful President in modern history. He grew the deficit every year he was in office—a feat not even GW Bush accomplished. He wasted billions on an i***tic border wall (and shut down the government for the longest time in history because his own party wouldn’t fund it). He wasted millions if not billions rebranding part of the Air Force to look like Star Trek cosplayers. When he should have been investing in making the country safe for commerce during the p******c, instead he borrowed trillions to prop up the stock market and to pay people to not work. He would become the first President in history to maintain a debt to GDP ratio over 100% for his entire term, added more to the national debt in four years than Bush 41 and Bush 43 added in their twelve years combined, and added more in one year than Reagan added in two full terms.
trump out of office for near 2 years... true.. but... (show quote)



Reply
Oct 2, 2022 08:50:36   #
AmericanEagle Loc: Indiana
 
Birdmam wrote:
Yeah sure and when Trump wins in 2024 and economy is great you’re gonna say it was because of Biden like we never heard this before


Permanently damaged frosted brain doesn’t have a clue. A gift from Obama? Really? The lowest historic GDP in the most government regulations that Trump ended and took the hands off the throats of American businesses to allow them to thrive which is why the stock market went up like a rocket ship to historic hose never seen before!

Remember Obama said you didn’t build that so there was nothing built already for Trump.

Oh Biden had to do was put it on auto pilot and we would have been fine. But instead he reversed practically everything Trump did and now we are seeing the effect of that. Trump built it and Biden tore it down. It just shows that Dems run everything into the ground!

Reply
Oct 2, 2022 12:49:43   #
Radiance3
 
Parky60 wrote:
The Dow Jones Industrial Average officially entered bear market territory on Monday, following a precipitous drop.

The key metric fell 329.60 points on Monday, marking a 1.11% decline, placing the index in bear market territory, per MarketWatch. A bear market is traditionally defined as a 20% decline from a recent high.

On Friday, the Dow Jones plunged below 30,000, effectively erasing all of the stock market's gains since President Joe Biden took office.

The S&P 500 also reached a low point for the year 2022, dropping 1.03% to 3,655.04, while the third major index, the Nasdaq Composite, dropped 0.6% to 10,802.92.

A major index officially plunging into a bear market adds pressure on the Biden administration, which has sought to redefine the formal definition of an economic recession following consecutive quarters of economic decline, the traditional benchmark.
The Dow Jones Industrial Average officially entere... (show quote)

==================
The downward scale has no end in sight. Much further down the road as the Federal Bank planned to raise further interest rates. Our retirement funds almost cleaned up. I wonder if the LIBS still prefer a******n over this.

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