POLITICAL THREAD

[P19978]

Not sure we’re plat is getting his info…my 401k sucks

I think he's mistakenly using Trump's data lol... shh... don't tell him, he's an idiot and will never know...

Outside of MLP's, Dow Utilities Index, and commodities, almost NOTHING is up for the year.

A/o last night's close (all YTD):

S&P 500 down 17.68%
Dow down 13.3
MSCI EAFE down 14.9
MSCI AC (All Country) World down 17.3
Nasdaq down 27
Even the bond market (as measured by the Barclays Agg Index) is down 9.48

Thanks Joe!

 

[HymanKaplan]

I understand the sentiment, but the last thing this country needs is MORE money pumped into the economy.

 

[CrittendenWildcat]

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Yes, you posted that yesterday. It's as stupidly irrelevant and intellectually dishonest today as it was yesterday.

The problem is soaring prices, not price gouging. We already have laws to address price gouging. Passing the bill was a masturbatory exercise, a waste of time and our legislative resources. Just worthless, dishonest posturing by Democrats--just like your little meme.

 

[mdlUK.1]

I understand the sentiment, but the last thing this country needs is MORE money pumped into the economy.

True, except the money is still being spent. Better here than in another country.

 

[HymanKaplan]

Well, I'd prefer it not be spent anywhere, but in actuality, it's less damaging for our economy, if it is spent overseas.

 

[trueblujr2]

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Proof you only listen to your prescribed narratives and not when someone tries to actually explain things to you. That bill was not a solution to a problem.

 

[HymanKaplan]

Quite the opposite in fact.

It was like pouring gasoline on a fire.

 

[trueblujr2]

I understand the sentiment, but the last thing this country needs is MORE money pumped into the economy.

Which is why that even though I work in the Restaurant industry, I am glad that Restaurant Relief Bill didn't pass. but still outraged the same amount of money is being shipped over to the Ukraine.

 

[OHIO COLONEL]

So, what are we out of or can't afford today?

Everything

Trying to emotionally recover from my grocery store visit Took the Mrs' car for a fill up. Smallest tank of the bunch. Spent MORE on gas than groceries. Can you eat/drink gas? I'll have to think about that.

For those that use Kroger fuel points (I know @blubo does as I recall him talking about it), my local Krogers seem to have made a change on how you can use them. In the past the pump would show you how many (in dollars/cents) you had and you could 'punch in' the amount you wanted to use....1.50 total for the two months, use .75, leaves you another .75 to use say next week, etc. This morning it came up #1 April's points...expire 5/31 #2 Mays points...expire 6/30 and #3 .03 discount using your K card. Could not combine the #1 and #2. Had to use #1 only (smallest amount..probably used some last month) otherwise I lose it....and then it wouldn't take another.
So I had like .20 for April...and .85 for May...but could not combine to get a 1.05 discount which would have brought the price down from 4.49 to 3.40 or so.
Asked the girl at the little window and she said it's always been that way but I say BS. Been using my Kroger rewards card for gas for 15-20 years.
Imagine it's a Kroger change to make more profit on their gas.
Kroger is getting very, very close to my 'woke' do not buy list.

 

[mdlUK.1]

Well, I'd prefer it not be spent anywhere, but in actuality, it's less damaging for our economy, if it is spent overseas.

How does that work? The money is printed, devaluing the money we have. At least if it is spent here, it is helping our businesses.

 

[HymanKaplan]

Because increasing the money supply, flowing here and there, in our economy, fuels inflation. At this point, a recession is the best case scenario (to keep the economy from heating up even more)

Worst case is another depression.

 

[cole854]

Well, I'd prefer it not be spent anywhere, but in actuality, it's less damaging for our economy, if it is spent overseas.

Your point is valid if it we were not in the current crisis. Given the existing state of affairs, our country does need monopoly money and a lot if it, otherwise, the hole will not be repairable. Besides, the current debt situation is essentially irrelevant given what we are facing. Adding on to it now isn't going to push the needle to a worse point but people need to eat....need gas...etc.

Once we get back to a manageable level, we can then proceed to worry about the big numbers, but that probably won't happen until after the midterms...hopefully.

 

[UK_fan_41102]

 

[HymanKaplan]

Man... a lot of people must have slept through Econ in school.

Our current crisis is, in large part, due to massive currency dumps, and made worse by restrictive energy policy, and moronic foreign policy.

Also, everyone in DC is a crook, and doesn't give 2 ****s about their constituents.

 

[P19978]

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So 20% of that polling group are liberals?

 

[screwduke1]

 

[UK_fan_41102]

 

[HymanKaplan]

In other news, Gillibrand was spotted rearranging deck chairs on the Titanic.

 

[Lost In FL]

Well, I'd prefer it not be spent anywhere, but in actuality, it's less damaging for our economy, if it is spent overseas.

Id rather have US citizens spend their own money into our economy. Not the jackholes in dc spending trillions of our grandkids money into landering schemes into any economy. I bet we agree on that.

 

[Lost In FL]

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Whatever ... what she means to say is so the modern mafia (feds) can intimidate ppl into silence. Kind of reminds one of the late 1930s in germany.

 

[HymanKaplan]

I absolutely agree that the government pumping disposable cash into the economy almost never ends well.

 

[jameslee32]

Yes, you posted that yesterday. It's as stupidly irrelevant and intellectually dishonest today as it was yesterday.

The problem is soaring prices, not price gouging. We already have laws to address price gouging. Passing the bill was a masturbatory exercise, a waste of time and our legislative resources. Just worthless, dishonest posturing by Democrats--just like your little meme.

 

[Caveman Catfan]

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2 out of 10 are Dems who work for the government.

 

[LowCountryCat]

I understand the sentiment, but the last thing this country needs is MORE money pumped into the economy.

Building the wall would be a nice exception. Augmenting the Border Patrol...fixing roads and bridges...

 

[jameslee32]

Is there anyone else that thought jameslee was a true believer with only one account? I have been fooled for years.

This persona used to only show up in a drunken early am stupor. Amazingly, all of the other knuckleheads have disappeared and James shitposts throughout the day.

Facts and a lot of truths are confusing to you. Here's another short thread:

 

[jameslee32]

Also, everyone in DC is a crook, and doesn't give 2 ****s about their constituents.

Definitely 203 republicans.

 

[HymanKaplan]

spending money on infrastuctrue (and by extension, creating jobs) is a better way to go.

Sending people free money so they can buy a big screen or car from the Buy Here/Pay Here lot is a disaster.

 

[jameslee32]

spending money on infrastuctrue (and by extension, creating jobs) is a better way to go.

Sending people free money so they can buy a big screen or car from the Buy Here/Pay Here lot is a disaster.

Facts. Number of republicans who voted against infrastructure? 200

 

[502 Wildcat]

Definitely 203 republicans.

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Good. Any conservative voting "Yes" to price control legislation should be primaried

Ask Venezuela how well that strategy works...

Price gouging isn't the issue, it's incompetent economic and energy policy, and the refusal to utilize American production.

Too much money chasing not enough oil...

 

[HymanKaplan]

jameslee32,

Oh, you're one of THEM. LOL (the people that actually buy into the myth that there is a difference between the GOP and Democrats)

Bless your heart. I'll never get baited into THAT argument. My preference would be for someone to pick up one party by the feet, and beat the other party to death with them. (2 birds and what not)

 

[jameslee32]

jameslee32,

Bless your heart.

Not a fact.

 

[HymanKaplan]

Pelosi, trying to explain away gross negligence (in regards to handling economic policy) as price gouging is hilarious.

She reminds me of the confused, neurotic, and self-deluded Blanche DuBois in Streetcar...

 

[IdaCat]

Hillary Clinton approved dissemination of Trump-Russian bank allegations to media, campaign manager testifies

 

[WayneDougan]

Well, I'd prefer it not be spent anywhere, but in actuality, it's less damaging for our economy, if it is spent overseas.

Well it's given to Ukraine so they can buy missiles from Northup, so it technically does come back to us quickly.

 

[HymanKaplan]

james - you have a wonderful economy with words (apologies to Hobson)

 

[HymanKaplan]

Well it's given to Ukraine so they can buy missiles from Northup, so it technically does come back to us quickly.

Even that is preferable to dumping it straight into M1/M2

 

[TheFrontRunner]

This b-tch is crazy

 

[HymanKaplan]

Welcome to public life, you mouth-breathing c***.

 

[TheFrontRunner]

 

[AustinTXCat]

the marching orders have come down to officially dump the fat Cheeto. Now the leaks are pouring out again. Lots of Trump minions getting pardoned or going to prison.