Current events discussion

[Eggs 5,000+ posts]

@Jimi77

 

[Eggs 5,000+ posts]

 

[Jimi77 Premium Member]

Where are you getting that stat from?
Gallup info:
"In 2023, the percentages owning stock range from highs of 84% of adults in households earning $100,000 or more and about eight in 10 college graduates and postgraduates to a low of 29% of those in households earning less than $40,000."
"As of 2021, the top 10 percent of Americans owned an average of $969,000 in stocks. The next 40 percent owned $132,000 on average. For the bottom half of families, it was just under $54,000."
People making less than $40K, with over $50K invested

"Returned to the trend"? The trend under Obama was growth from day one.
The market is tanking now.
View attachment 64459
OBAMA:

• Starting Value: 7,949.09
• High Point: 19,974.62 on Dec. 20, 2016
• Low Point: 6,547.05 on March 9, 2009
• Ending Value: 19,732.40
• Performance While in Office: 148.23% increase

The trend line. Draw a line from ~Nov 2008 thru Dec 2016 and project that forward to 2025. The market has blow up since Obama left office. If the market grew at the same rate as the Obama years for the last 2 administrations, we'd at the same place we are at today.

"It'd be great" is not a business plan, or even an idea of a plan.
To get the manufacturing back here, we have to do it at competitive pricing, but also at competitive wages. So we pay Billy a living wage to make widgets that sell for less than the cost of production in order for Billy to afford them?
Or do we underpay Billy to make a product that he then cannot afford to buy, because the company owner needs to net $3,000,000 per minute?

No, we don't have to pay (globally) competitive wages. It's like the DNC has totally forgotten its roots and history. I'll stick to the history part; way back before the free trade days, the US had a functioning economy where the employees could afford the products produced here and we were even able to export products.

Funny that you bring up the left and "gov't programs", when it's the red states that take more back than they give.
"Most/least federally dependent states The ranking is based on three key metrics: return on taxes to the federal government, share of federal jobs, and the share of federal funding as state revenue. Using these metrics, WalletHub reports the top 10 most federally-dependent states are: Alaska, Kentucky, West Virginia, Mississippi, South Carolina, New Mexico, Louisiana, Arizona, Indiana, Alabama
And the 10 least federally-dependent states are: New Jersey, California, Delaware, Massachusetts, Utah, Kansas, Washington, Illinois, Colorado, Iowa"

And that lefty state California has the biggest economy of any state in the US. So big, that if CA was a country unto its own, it would be the 4th biggest in the WORLD.
Seems the left is footing the bill for the right, not the other way 'round.

I never said anything about who foots the bill for who, but since you brought it up, it's the red states that want the jobs over the gov't programs. Why are you and the left fighting so hard to keep them on the gov't programs and out of jobs?

 

[Jimi77 Premium Member]

@Jimi77

That's funny, I literally just responded to the Rob that the left has forgotten their roots.

 

[Eggs 5,000+ posts]

 

[Jimi77 Premium Member]

By today's standards, 1990's Biden would be worse than Trump.

 

[Eggs 5,000+ posts]

 

[Eggs 5,000+ posts]

Advocating for violence is alright?

 

[Eggs 5,000+ posts]

 

[RobGMN Premium Member]

The trend line. Draw a line from ~Nov 2008 thru Dec 2016 and project that forward to 2025. The market has blow up since Obama left office. If the market grew at the same rate as the Obama years for the last 2 administrations, we'd at the same place we are at today.

And if I drew a trendline during GWB and projected it forward, the market would be collapsed and gone.
What makes you think the market is supposed to follow a specific growth rate over time?

No, we don't have to pay (globally) competitive wages. It's like the DNC has totally forgotten its roots and history. I'll stick to the history part; way back before the free trade days, the US had a functioning economy where the employees could afford the products produced here and we were even able to export products.

I wasn't talking global wages. I'm talking wages here in the US.

For example, imagine the US as closed economy: You pay workers $7.50 an hour to produce goods. Goods that you mark up 300% and sell to said workers
Worker needs a chair that you paid him $7.50 to assemble, plus $5.00 in parts. That chair is now $37.50. So Billy has to work 8 hours to buy a chair that he built in one hour.
Billy needs to pay rent. Billy makes $950/month after taxes, but the apartment you have for rent is $1,200. A single room in a shared apartment is $750.
Billy also eats about $350 a month in groceries (he eats at home to save money). Billy also needs bus fare to get around. $50.
Just by renting a room, eating food, and buying a chair to sit in, Billy is $188 in the hole in month #1, working full-time.

Please explain how we can pay workers the least amount possible, while simultaneously charging the most amount possible for goods (in order to make a profit), and have that be sustainable over time.

I never said anything about who foots the bill for who, but since you brought it up, it's the red states that want the jobs over the gov't programs. Why are you and the left fighting so hard to keep them on the gov't programs and out of jobs?

If the red states "want the jobs over government programs", then why aren't the red states creating the jobs they want? The imbalance of red states being taker states is not a new thing.
What is stopping them from having a booming job market?

 

[Old_Slapper]

Once again......you are way out of your element and are making shit up. The ONLY people who don't qualify for social security are illegal immigrants, those who do not meet the required contribution period (which I believe is ten years), and some people who have certain state pension plans.

You don't become ineligible for having too much investment income you effing dunce.

I guess I will have to show you how ignorant you are, again.

Check out #5 and #6. And what are all the dems saying about these immigrants? They are all claiming they are here seeking asylum. Also, once a illegal has a baby, the parents get to stay because they have to take care of the baby.

By the way, this is from a Government site.

SSI Spotlight on SSI Benefits for Noncitizens | Supplemental Security Income (SSI) | SSA

An alien may be eligible for SSI benefits if he or she meets the requirements of the laws for noncitizens.

www.ssa.gov

This is where I drop the mic.

I can't wait to see how badly I just triggered you on proving I am correct and you are wrong.

Yes, you have a mush brain. Dunning-Kruger effect in action. Posting about things that you clearly do not understand and then deflecting when proven to be a mush brain.

I see you just got triggered again. I guess you really don't like it when you are called out as not knowing what you are talking about and when you try to flip it. Classic!!!

Covid caused worldwide inflation. I'm sure you don't know anything about that because you're clearly a low information person. The United States had one of the best recoveries of any nation in the world, and the economy was in pretty good shape before Trump coming in and blowing things up. He's a moron and a complete disaster. Has no idea what he's doing. Pretty clear that he really doesn't even know what tariffs are the way he talks about them.....which is downright sad.

And the dems caused it by shutting down the country. SO... yes. The dems caused this mess. Check out the countries that didn't shut down. It's a miracle that they are all still alive.

But this is what we get when a sizable portion of the country (MAGA people) a room temperature IQ folks. They think that a guy who was a moron throughout the majority of his life.....somehow knows more than almost all the experts. Massive tariffs across the board!? Why didn't anyone else think of that? Turning all our allies into enemies in order to cozy up to Russia and Putin? What a brilliant move!

Face it....guy is a complete moron and he's sundowning to boot. He's got squishier mush brains than you do.

Everyone did think of it, but Trump is the only one to go out and put America first. Think about it. We were being known as a weak country. Go back and look at all the world leaders who literally made fun of Biden and Kamala. Some did actual skits mocking them.

 

[Old_Slapper]

Under Biden it was less than $500,000 to do the research, and buy vehicles.
It suddenly leaped to $400,000,000 under the Musk-Trump administration, then the procurement document (available online) was edited from listing the vehicles as "Tesla's" to listing them as "electric vehicles".

This occurred after it was brought to light by a sharp eye, and there was talk about the conflict of interest with Trump's new boy toy getting this contract.

Stocker was not incorrect. Sorry.

UH... Yes, he was incorrect. sorry.

Please show me where Trump ordered the $400,000,000. In this article, by your beloved NPR.org, they say it was all started under Biden and ended under Trump. It also states the EXACT thing I was saying. Tesla was not originally mentioned. It was a clerical error while under Biden. Tesla was not mentioned by Biden. In February, Elon even said it's not going to happen because he hasn't heard of it.

 

[stocker08 10+ year member]

I guess I will have to show you how ignorant you are, again.

Check out #5 and #6. And what are all the dems saying about these immigrants? They are all claiming they are here seeking asylum. Also, once a illegal has a baby, the parents get to stay because they have to take care of the baby.

By the way, this is from a Government site.

SSI Spotlight on SSI Benefits for Noncitizens | Supplemental Security Income (SSI) | SSA

An alien may be eligible for SSI benefits if he or she meets the requirements of the laws for noncitizens.

www.ssa.gov

This is where I drop the mic.

I can't wait to see how badly I just triggered you on proving I am correct and you are wrong.

Yeah....SSI is supplemental security. Not SOCIAL security. So congratulations on continuing to prove your own inability to read correctly.

Hey....weren't you claiming that your father was ineligible for social security because he makes too much in investment income? Guess you dropped that claim after realizing that you didn't know what you were talking about. Onto the next smooth brained claim I guess. lol.

And the dems caused it by shutting down the country. SO... yes. The dems caused this mess. Check out the countries that didn't shut down. It's a miracle that they are all still alive.

A) Trump was president when covid hit and shutdowns occurred under his watch
B) Countries that implemented more stringent shutdowns managed to open back up more quickly as they were able to kill the spread faster

Everyone did think of it, but Trump is the only one to go out and put America first. Think about it. We were being known as a weak country. Go back and look at all the world leaders who literally made fun of Biden and Kamala. Some did actual skits mocking them.

Trump is currently destroying the country with his idiocy. World leaders laugh at him for being an idiot. Nobody respects him. And why would they? He was a dipshit prior to causing a WORLDWIDE market meltdown. A total joke that gets mocked. But he'll always have his cultists.

 

[Old_Slapper]

Yeah....SSI is supplemental security. Not SOCIAL security. So congratulations on continuing to prove your own inability to read correctly.

Hey....weren't you claiming that your father was ineligible for social security because he makes too much in investment income? Guess you dropped that claim after realizing that you didn't know what you were talking about. Onto the next smooth brained claim I guess. lol.

Your comments are so ignorant. It makes be swear you're a bot. You claim to be so smart on economics and Social Security, but yet you don't know where SSI comes from.

Understanding Supplemental Security Income (SSI)-- SSI Overview

This page provides info on how SSA pays monthly benefits to people with limited income and resources who are disabled, blind, or age 65 or older.

www.ssa.gov

Watch as I pick the mic back up and drop it again.

A) Trump was president when covid hit and shutdowns occurred under his watch
B) Countries that implemented more stringent shutdowns managed to open back up more quickly as they were able to kill the spread faster

1. States were shutting down. Biden shut down everything he could when he got back in. Only to find out that Trump was right. A shut down was not necessary. Again, look at the other countries and states that didn't shut down. They are still striving.
2. I don't know it you heard, but the spread is still there. The only thing that died off was the popularity of shutting down. Besides, I thought you said America was the fastest to recover.

Trump is currently destroying the country with his idiocy. World leaders laugh at him for being an idiot. Nobody respects him. And why would they? He was a dipshit prior to causing a WORLDWIDE market meltdown. A total joke that gets mocked. But he'll always have his cultists.

Trump's negotiating table proves otherwise. Also, you don't see other countries making skits that mock Trump.

Also, why did it take Trump to go up and rescue the astronauts that were trapped in space? Musk offered to do it for Biden, but Biden turned him down. What a nice guy to just leave people to die it space. I guess it's a dem thing, like Obama leaving people in Benghazi to die.

 

[Old_Slapper]

News Flash. Stocker didn't know that SSI was funded by Social Security. And he tried to tell me I didn't know anything about Social security.

Hey Stocker. I'm waiting for that apology.