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Index » Regional/Local » USA/Canada » It's the economy stupid. Page: Previous  1, 2, 3, ... 9, 10, 11  Next
Post to this Topic
ColdMiser

ColdMiser Avatar

Location: On the Trail
Gender: Male


Posted: Apr 12, 2024 - 8:09am

 Red_Dragon wrote:
I follow Robert Reich and he is spot on. The problem is that nobody is pounding the drum LOUDLY enough so that Americans get the real picture. It's amazing that so many people still blame the president (Either Biden now or any President for that matter) for high food and gas prices. Maybe if more public pressure is brought to bear and individual companies are called out by name and shamed then maybe some progress will be made that Americans feel. 

Red_Dragon

Red_Dragon Avatar

Location: Dumbf*ckistan


Posted: Apr 11, 2024 - 4:34pm

Companies are using inflation to price-gouge Americans – and making it worse
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Apr 9, 2024 - 7:39am

 islander wrote:


Wouldn't you have to pay back all the money Mexico spent on the wall?


Can credit bid that when we sell them back Texas. 
islander

islander Avatar

Location: West coast somewhere
Gender: Male


Posted: Apr 9, 2024 - 7:38am

 black321 wrote:


Only a problem if the creditors ask for the $ back, right?
But then again, none of it is collateralized so 

The U.S. also has plenty of assets...we can always sell Texas.
https://www.usdebtclock.org/#



Wouldn't you have to pay back all the money Mexico spent on the wall?
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Apr 9, 2024 - 7:28am

 Steve wrote:

A fine mess...




Only a problem if the creditors ask for the $ back, right?
But then again, none of it is collateralized so 

The U.S. also has plenty of assets...we can always sell Texas.
https://www.usdebtclock.org/#

Steve

Steve Avatar

Location: Around My Corner... and Up Yours
Gender: Male


Posted: Apr 9, 2024 - 6:28am

A fine mess...

Red_Dragon

Red_Dragon Avatar

Location: Dumbf*ckistan


Posted: Apr 5, 2024 - 7:56am

Another month of robust US job growth points to continued economic strength
kurtster

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Location: where fear is not a virtue
Gender: Male


Posted: Mar 13, 2024 - 11:22am

 islander wrote:
The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
 
Yeah, remember Gray Out Davis ? ...
R_P

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Gender: Male


Posted: Mar 13, 2024 - 10:15am

"The price of freedom."
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Mar 12, 2024 - 9:10am

 islander wrote:


The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.


Right
islander

islander Avatar

Location: West coast somewhere
Gender: Male


Posted: Mar 12, 2024 - 8:26am

 black321 wrote:


Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!


The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
Red_Dragon

Red_Dragon Avatar

Location: Dumbf*ckistan


Posted: Mar 12, 2024 - 7:34am

 black321 wrote:


Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!


yup
GeneP59

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Location: On the edge of tomorrow looking back at yesterday.
Gender: Male


Posted: Mar 12, 2024 - 7:08am

 Red_Dragon wrote:
You want it. You need it. We got it. So bend over and take it.

black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Mar 12, 2024 - 6:46am

 Red_Dragon wrote:

Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!
Red_Dragon

Red_Dragon Avatar

Location: Dumbf*ckistan


Posted: Mar 11, 2024 - 5:38pm

This used to be called "price gouging".
black321

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Location: An earth without maps
Gender: Male


Posted: Feb 6, 2024 - 7:45am


After Jamie Dimon warns of market ‘rebellion’ against $34 trillion national debt, Fed’s Jerome Powell says it’s past time for an ‘adult conversation’ about unsustainable fiscal policy

With the United States’ national debt closing in on $34.2 trillion, some of the biggest figures in the world of finance have been speaking out. But few expected Federal Reserve Chairman Jerome Powell to address the issue—at least until this weekend, when Powell spoke out about the debt on CBS’s 60 Minutes Sunday. “In the long run, the U.S. is on an unsustainable fiscal path,” Powell warned.

Even as the U.S. economy avoided a widely forecast recession in 2023, record government spending and lower tax receipts led the national debt to surge to an all-time high. And that trend has continued into this year. The U.S. government debt to GDP ratio, a measure of total public debt to economic growth, has surged from just over 100% in 2019 to over 120%. That’s down from the COVID-era peak of 133%, but, as Powell put it, the government’s debt is still “growing faster than the economy.”

This means it’s now “past time, to get back to an adult conversation among elected officials about getting the federal government back on a sustainable fiscal path,” Powell argued Sunday.

https://finance.yahoo.com/news...

Steve

Steve Avatar

Location: Around My Corner... and Up Yours
Gender: Male


Posted: Feb 1, 2024 - 9:31am

Washington-Level Accounting Fraud

NoEnzLefttoSplit

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Gender: Male


Posted: Jan 31, 2024 - 9:38am

 black321 wrote:

More level playing field? Yes.
Redistribution? No, other than a higher estate tax. You're entitled to your bounty while here, but once you pass, put most of capital back in the pool.
And a no on loan forgiveness. Though the interest rates on student loans are a crime.

It does suggest people should live within their means. This is a reflection of poor personal financial management...a failure of our parents and education system.



ok, I realize trying to realise everyone's personal economic goals is like trying to square a circle, so I'm going to down tools for the day, but it does sound a bit like you are punishing the ones dealt the worst hand with that last sentence. 

I always thought redistributing wealth to the poor was a great way to get the multiplier effect to kick in as the poor generally purchase domestic goods, spend what they have immediately and in the process you can keep them out of destitution avoiding all the cost to society that entails.  /my 2c.
NoEnzLefttoSplit

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Gender: Male


Posted: Jan 31, 2024 - 9:30am

ok, that was interesting. That little exchange led me down a rabbit hole comparing national debt levels using the IMF database.

Go New Zealand!!  



black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jan 31, 2024 - 9:30am

 NoEnzLefttoSplit wrote:

This suggests that you would support some kind of wealth distribution in favour of the bottom half. Maybe we have more in common than I thought.
what about student loan debt relief? What's your position on that?


More level playing field? Yes.
Redistribution? No, other than a higher estate tax. You're entitled to your bounty while here, but once you pass, put most of capital back in the pool.
And a no on loan forgiveness. Though the interest rates on student loans are a crime.

It does suggest people should live within their means. This is a reflection of poor personal financial management...a failure of our parents and education system.

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