Since voters care about crime I think the Democrats should go straight for RoboCop. He wouldn't even need a teleprompter as it could be displayed internally on his visor!This special counsel report doesn't look good for Biden.
I think Dems would do best looking at Newsom, Oprah or Cal Ripken to save them.....
What about this guy. Strong leader, macho, bangs lots of chicks of all races.This special counsel report doesn't look good for Biden.
I think Dems would do best looking at Newsom, Oprah or Cal Ripken to save them.....
That's pretty rare. I havent' seen it around here in my time. If someone doesn't want to sell their home to an investor, no, the government doesn't come in and claim eminent domain. People sell willingly, but zoning laws then restrict denser housing from being built there.You know how shit works. Joe Developer buys a house or two in a neighborhood...wants to build some kind of mega-condo project...gets the city to change zoning rules to permit it. Then, when homeowners refuse to sell...he gets the city to file emminent domain for the holdouts. Does it haapn regularly? Hopefully not...but it happens.
No, you need someone coherent. Biden needs to come out today and address this, because Trump and Jesse Waters is gonna run this to NovemberWhat about this guy. Strong leader, macho, bangs lots of chicks of all races.
Yes I think it's a stupid strategy to start crowing about 'best economy ever', which does not mean I want to harp on negatives, but to be realistic about what people are facing. To message like some people here say about the greatest economy and with wage increases lower class people are doing great, and ignoring the reality of what people are facing is just as dumb as saying 2020 is better than now.Vox has a pretty good explainer and I believe they stop far short of calling this the best economy of our lifetime.
Biden’s vs. Trump’s economy, in 8 charts
The gaps between perception of the economy and the reality, explained.www.vox.com
All the available data shows that as a whole, American households are doing fine but they keep shit talking the national economy. Now this is SOP for Repub voters, but it's also spilled over to swing voters and some (D) voters. Not only that, but the "bad vibes" have been incredibly durable until just recently (consumer confidence is creeping up). So the political question is whether Biden's approval ratings will recover in time for November. Repub strategists are no doubt "reading the room," and pivoting to immigration as the fallback option to the economy. There's always this lag effect with the economy and voters; bad news gets absorbed quickly while good news just takes time.It's funny that for all the "economy bad" talk, people are still spending tons of money on discretionary things, and overall spending more eating out than eating in from some of the last Federal Reserve data I saw.
Or... the debt isn't being incurred on frivolities, but necessary expenses.The personal savings rate is indexed to disposable income. Finally CC debt appears to have gone from about $840B to $1040B in five years. That could just be inflation, but I think most of us know people who are putting more on their credit cards lately than anytime since after the Great Recession. But like you said, this also reinforces that people's consumption actions do not back up their "sky is falling" rhetoric.
How many people use their CC for every purchase? I barely use cash.Or... the debt isn't being incurred on frivolities, but necessary expenses.
Hell I'd wager most people's CC debt is a result of 'big hits' rather than 'I need a new shirt'. I don't care how hot the economy is, if my septic pump fails, it's getting replaced and it it costs a grand it's probably going on CC.
Me too.How many people use their CC for every purchase? I barely use cash.
How much of that debt is carried over vs revolving (fully paid each month)? Since I put everything on my CC, it looks like I have "a lot" of debt, but I pay it in full every month
Well, sure, but people who fully pay each month aren't contributing to the 30% increase in household debt. You can't have an increase in debt if it's not carried, unless I'm misunderstanding what this chart means:How many people use their CC for every purchase? I barely use cash.
How much of that debt is carried over vs revolving (fully paid each month)? Since I put everything on my CC, it looks like I have "a lot" of debt, but I pay it in full every month
I think the real lesson from this chart, and the reason why it's misleading and shouldn't have been used is this is nominal credit card debt balances. Based purely on inflation adjusted dollars between 2020 and present credit card debt is the same now as it was in 2020. If you look at it as a percentage of GDP, which is the real thing you should look at, it's actually considerably better.Well, sure, but people who fully pay each month aren't contributing to the 30% increase in household debt. You can't have an increase in debt if it's not carried, unless I'm misunderstanding what this chart means:
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Total balance means like, actual debt being held on CC, right?
This might surprise some of our high rollers here, but a lot of people carry debt, sometimes a lot of it, and not necessarily because they suck with money.
Capt. James T. Kirk is plenty coherent. He over emotes sometimes but nobody's perfect. He also gives epic speeches. Here one on the Constitution. What else would you want from a POTUS?No, you need someone coherent. Biden needs to come out today and address this, because Trump and Jesse Waters is gonna run this to November
Sorry, are you saying that inflation has gone up 30% between 2020 and 2024?I think the real lesson from this chart, and the reason why it's misleading and shouldn't have been used is this is nominal credit card debt balances. Based purely on inflation adjusted dollars between 2020 and present credit card debt is the same now as it was in 2020. If you look at it as a percentage of GDP, which is the real thing you should look at, it's actually considerably better.
So their chart of 'this is bad for the Biden economy' actually shows a situation that's better than under Trump. Not sure how economically literate that author is.
Hooray capitalism, where most of the gains go to the top.Sorry, are you saying that inflation has gone up 30% between 2020 and 2024?
What relation is there between the average household and the GDP anyhow? I don't get GDP-adjusted raises every year. I don't even get inflation adjusted raises every year.
Oh I think you're too high with the 30%. Regardless, here's the BLS calculator. I'm sure the numbers aren't exact but they are close.Sorry, are you saying that inflation has gone up 30% between 2020 and 2024?
If you're talking about aggregate numbers for all CC debt owed by all people in the economy then it makes sense to look at all production by all people in the economy.What relation is there between the average household and the GDP anyhow? I don't get GDP-adjusted raises every year. I don't even get inflation adjusted raises every year.
If you don't like the message, shoot the messenger. Vox is considered a reliable news source, and "left leaning." This article was meant to argue that Biden's economy is good. The overall tenor of the article might seem a little too "fair and balanced" but it's certainly not a Bidenomics hit piece.Sorry, are you saying that inflation has gone up 30% between 2020 and 2024?
What relation is there between the average household and the GDP anyhow? I don't get GDP-adjusted raises every year. I don't even get inflation adjusted raises every year.
This is an example of how zoning could be used for good. Don't allow low density crap development near transit stations.This has been happening in LA where they juiced zoning near some light rail stops and the SFH owners have been selling for really big bucks. Nobody should feel sorry for them.
I don't think it's a hit piece at all, although it does have a bit of the NYT Pitchbot vibe to me and I think using nominal CC debt was a mistake.If you don't like the message, shoot the messenger. Vox is considered a reliable news source, and "left leaning." This article was meant to argue that Biden's economy is good. The overall tenor of the article might seem a little too "fair and balanced" but it's certainly not a Bidenomics hit piece.
But the court is supposed to establish a fair market value, no? They don't just take the land or give you a sub-market valuation for it.Sometimes yes sometimes no on fair value paid. Usually depends on the entity doing the paying and if they have an axe to grind. We ended up in litigation a number of times.
Are we talking about the same thing?Oh I think you're too high with the 30%. Regardless, here's the BLS calculator. I'm sure the numbers aren't exact but they are close.
Huh? I'm talking CC debt. How on earth does that have a relation to the production of people in the economy? You can buy anything from a Taiwanese teacup to a roof with a cc. People have more CC debt, moreso than wages have gone up unless I'm really missing the fucking boat on some wage increases. Anyone else getting a fuzzy 30-45% wage increase over the last few years?If you're talking about aggregate numbers for all CC debt owed by all people in the economy then it makes sense to look at all production by all people in the economy.
This is an example of how zoning could be used for good. Don't allow low density crap development near transit stations.
From your chart peak pre-pandemic CC debt was roughtly $855 billion. It then cratered during the pandemic due to stimulus, people not being able to spend, etc., but that's clearly an aberration. So if you just compare it to before the pandemic it's basically in line with inflation.Are we talking about the same thing?
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Our ability to service debt as a nation is essentially based on the sum total of the goods and services we produce. Higher GDP broadly means US citizens can handle more debt.Huh? I'm talking CC debt. How on earth does that have a relation to the production of people in the economy?
As per our previous discussions just look at real wages, which account for inflation. And yes, lots of people have gotten large raises in recent years. It sucks that your employer hasn't followed suit.You can buy anything from a Taiwanese teacup to a roof with a cc. People have more CC debt, moreso than wages have gone up unless I'm really missing the fucking boat on some wage increases. Anyone else getting a fuzzy 30-45% wage increase over the last few years?
Seriously, are we talking about the same thing?
There is still a house surrounded by Boeing at Boeing field in Seattle. They didn't want to sell and never have. Same with the Bonnet Creek Area around Disney World.That's pretty rare. I havent' seen it around here in my time. If someone doesn't want to sell their home to an investor, no, the government doesn't come in and claim eminent domain. People sell willingly, but zoning laws then restrict denser housing from being built there.