What is?

[YourNameHere 10+ year member]

how bout those crickets...chirp, chirp

 

[RobGMN Premium Member]

Well im sure these guys know more than both of us

https://www.nasdaq.com/articles/the-stock-market-is-not-the-economy

Who here ever said that the stock market IS the economy?

Were you under the impression they were one and the same?

 

[YourNameHere 10+ year member]

here comes the backpedal.............Im outs, no further comments LOL

 

[RobGMN Premium Member]

Please Rob tell us more about economics...... (note the words in bold) would the 90% be the majority of the usa? So tell us how the rich and wealthy owning a significant majority of stocks is a sign that the rest of the population is doing great? What reality do you live in?

• The wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market's role in increasing wealth inequality.
• The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
• The bottom 90% of Americans held about 11% of stocks, and added $1.2 trillion in wealth during the Covid-19 pandemic.

The bottom 90% that only own 11% of the stocks added 20% of the wealth that the top 1% did.
That’s pretty good performance.

But I’m not sure how that speaks to Biden being a failure if the Feds do something to try and affect inflation, or do nothing to try to affect inflation.

Once again: The feds raise the rates to try and curb inflation, it hurts the consumer. If the feds do nothing, and the inflation rate, stay high, it hurts the consumer.
Which necessary evil would you choose if you were in charge?

 

[RobGMN Premium Member]

here comes the backpedal.............Im outs, no further comments LOL

Of course you’re “outs”. You try to make up some shit, get called on it, then have nowhere to go but “outs”.

You and Thxone seem more the same person every day. Talking loud. Saying nothing.

 

[djdilliodon!]

The bottom 90% that only own 11% of the stocks added 20% of the wealth that the top 1% did.
That’s pretty good performance.

But I’m not sure how that speaks to Biden bring a failure if the Feds fo something to try and affect inflation, or do nothing to try to affect inflation.

Once again: The feds raise the rates to try and curb inflation, it hurts the consumer. If the feds do nothing, and the inflation rate, stay high, it hurts the consumer.
Which necessary evil would you choose if you were in charge?

1. Reduce government spending.

2. Make incentivized work initiatives. (Not people going back to work after a pandemic, actual new workers entering the job force in order to keep up with demand. Truckers would be a good start as that has to do with the supply chain. More pay, decrease payroll taxes for workers that are part of the supply chain etc).

3. Deregulate housing and energy. This will create tons of jobs, reduce housing costs and fuel costs. It will also potentially reduce people electric bills over time.

4. Lift the tariffs on foreign goods.

5. Make more stuff here in the USA and incentivize immigrants to go through a process similar to getting a visa but for a work visa (already exist but is difficult!). Do not charge money for it! Do not take 2-3 years to process it either! Make the visa valid for 3-5 years and be crystal clear it has nothing to do with citizenship or staying here. You come here, you work, you make money, and when it’s over, you go back. I’ve been to many places in South America. Colombia is a place with hard workers and the cost of living is dirt cheap. A person from a place like that getting a 3-5 year opportunity is huge!

6. Control illegal immigration (reform it). Before this influx the USA would spend $350 billion on illegal immigration. There is no doubt this number is being dwarfed now.

 

[YourNameHere 10+ year member]

Who here ever said that the stock market IS the economy

You did dummy....

The stock market is the economy

 

[ThxOne Premium Member]

When people can’t afford things what do they do? They fluffin finance it

Wait... didn't the Biden administration give credit cards to all the illegals they let into the country?

 

[ThxOne Premium Member]

Chirp, chirp, chirp. Lots of beliefs you can't seem to back up in any way.

If you don't want or need anyone to agree with you, why do you throw a hissy fit every time someone calls you on your bullshit? Why do you complain when people call you on your bullshit?
Both actions indicate you don't like it and thus are wanting people to just agree with you.

What beliefs Rob?

You keep claiming I throw fits... care to show what you call proof of these fits?

 

[djdilliodon!]

Wait... didn't the Biden administration give credit cards to all the illegals they let into the country?

I don’t know about that but I do know he considered giving each illegal aliens caught in 2018 $450,000 each. Imagine a family of 4 getting $2 million for breaking the law lol. It’s these progressive policies that hurt us. I know for sure NYC does allow illegal immigrants to get food stamps and money (welfare). I know a girl here illegally who gets it and I couldn’t believe it till she showed me what she did on the website NY has. She never told me how much they give her.

 

[ThxOne Premium Member]

I don’t know about that but I do know he considered giving each illegal aliens caught in 2018 $450,000 each. Imagine a family of 4 getting $2 million for breaking the law lol. It’s these progressive policies that hurt us. I know for sure NYC does allow illegal immigrants to get food stamps and money (welfare). I know a girl here illegally who gets it and I couldn’t believe it till she showed me what she did on the website NY has. She never told me how much they give her.

Tax us all, they use the money to buy future votes. If we stop paying taxes how will they buy the votes?

 

[RobGMN Premium Member]

Wait... didn't the Biden administration give credit cards to all the illegals they let into the country?

There’s a visa/Visa joke just waiting to be told.

 

[RobGMN Premium Member]

What beliefs Rob?

You keep claiming I throw fits... care to show what you call proof of these fits?

Would you like the ********** ones, the ones where you call me an idiot, the ones where you say fvck a lot, the ones wher proclaim your expertise in anatomy virology and immunology because you took some classes in biology, or a mix?

 

[ThxOne Premium Member]

Would you like the ********** ones, the ones where you call me an idiot, the ones where you say fvck a lot, the ones wher proclaim your expertise in anatomy virology and immunology because you took some classes in biology, or a mix?

None of that is "proof of beliefs" Rob. Try harder.

 

[RobGMN Premium Member]

I don’t know about that but I do know he considered giving each illegal aliens caught in 2018 $450,000 each. Imagine a family of 4 getting $2 million for breaking the law lol. It’s these progressive policies that hurt us. I know for sure NYC does allow illegal immigrants to get food stamps and money (welfare). I know a girl here illegally who gets it and I couldn’t believe it till she showed me what she did on the website NY has. She never told me how much they give her.

When did he propose that?
It’s an interesting proposal since the rate of apprehension and deportation of illegals grew much faster than the rate of increase of the influx.

So Biden is tougher on illegals but also wanted to reward them?