DBP66 Posted January 25 Report Share Posted January 25 Inflation is going down...gas prices are going down...mortgage rates going down and production is up...Bidenomics is kicking ass....just in time for the election. GDP: US economy grows at 3.3% annual pace in fourth quarter, faster than expected Thu, Jan 25, 2024, 8:44 AM EST2 min read 244 The US economy grew at a faster rate than expected in the fourth quarter, capping off a year many expected to end in recession with one final economic surprise. The Bureau of Economic Analysis's advance estimate of fourth quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 3.3% during the period, faster than consensus forecasts. Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 2% during the period. The reading came in lower than third quarter GDP, which was revised down to 4.9%. For the year, the US economy grew at an annualized rate of 2.5% up from 1.9% in 2022. The GDP release highlights the resilience of the US consumer despite ongoing concerns of a slowdown. It's the latest in a string of economic data releases that show the US economy ended 2023 on solid ground as investors closely watch to see if Fed can achieve its vaunted "soft landing," where inflation returns to the 2% goal without a severe economic downturn. Economic output hit its highest levels in seven months in January, according to the latest S&P Flash PMI release. A recent reading on consumer spending came in higher than expected with December's retail sales number. And the labor market hasn't shown severe signs of cooling off, with the latest reading of weekly jobless claims hitting its lowest level since September 2022. Quote Link to comment Share on other sites More sharing options...
Nolebull813 Posted January 25 Report Share Posted January 25 So when its high he gets no blame but you say it’s going good and he gets all the credit? 1 1 Quote Link to comment Share on other sites More sharing options...
Nolebull813 Posted January 25 Report Share Posted January 25 This is equivalent to me burning down your house, and then help you clean the rubble up and people think I’m a good person for helping you out. 2 1 Quote Link to comment Share on other sites More sharing options...
Nolebull813 Posted January 25 Report Share Posted January 25 And that’s too funny. Just in time for the election. Funny timing. Cripple everyone with record high inflation and interest rates crushing the middle class, and then try to bring it down just in time for the election to gas light people into thinking they werent just suffering the last 3 years. 1 Quote Link to comment Share on other sites More sharing options...
DBP66 Posted January 25 Author Report Share Posted January 25 6 minutes ago, Nolebull813 said: This is equivalent to me burning down your house, and then help you clean the rubble up and people think I’m a good person for helping you out. LOL...that's some crazy logic you got there...the Pres. owns the economy for better or worse when they are in charge...things were bad 3 years ago...now?...the tide is changing daily he gets the credit for it just like he got the blame....😉 Quote Link to comment Share on other sites More sharing options...
DBP66 Posted January 25 Author Report Share Posted January 25 5 minutes ago, Nolebull813 said: And that’s too funny. Just in time for the election. Funny timing. Cripple everyone with record high inflation and interest rates crushing the middle class, and then try to bring it down just in time for the election to gas light people into thinking they werent just suffering the last 3 years. it's just the ebb and flow of our economy....and now his policies are working...bad news for you. 1 Quote Link to comment Share on other sites More sharing options...
I AM IRONMAN Posted January 25 Report Share Posted January 25 5 minutes ago, Nolebull813 said: And that’s too funny. Just in time for the election. Funny timing. Cripple everyone with record high inflation and interest rates crushing the middle class, and then try to bring it down just in time for the election to gas light people into thinking they werent just suffering the last 3 years. Yes…timing…now puddin brain and clan suddenly cares about the border. 🤔 1 Quote Link to comment Share on other sites More sharing options...
Nolebull813 Posted January 25 Report Share Posted January 25 4 minutes ago, DBP66 said: it's just the ebb and flow of our economy....and now his policies are working...bad news for you. I thank God everyday we built our house while Trump was still in office. Interest rate is 2.75 percent. Wells Fargo hates our guts. Lol. After Biden became president, our same exact house costs $100,000 more to build, and the interest rates are about 7-8 percent: if we would have waited we would have been royally screwed 1 Quote Link to comment Share on other sites More sharing options...
DBP66 Posted January 25 Author Report Share Posted January 25 2 minutes ago, I AM IRONMAN said: Yes…timing…now puddin brain and clan suddenly cares about the border. 🤔 yes he does...in fact they want to pass legislation asap but Trump told the his Republicans not to agree to the Border Policy the Senate has put together and because they want to use the border as a political tool for the election....it's shameful what the House republicans are doing to our country just to make Trump happy...sickening...😪 Quote Link to comment Share on other sites More sharing options...
DBP66 Posted January 25 Author Report Share Posted January 25 2 minutes ago, Nolebull813 said: I thank God everyday we built our house while Trump was still in office. Interest rate is 2.75 percent. Wells Fargo hates our guts. Lol. After Biden became president, our same exact house costs $100,000 more to build, and the interest rates are about 7-8 percent: if we would have waited we would have been royally screwed and it's trending down....good news Quote Link to comment Share on other sites More sharing options...
Nolebull813 Posted January 25 Report Share Posted January 25 4 minutes ago, I AM IRONMAN said: Yes…timing…now puddin brain and clan suddenly cares about the border. 🤔 You are gonna see a lot of pandering and pretending to care. Especially with the black community. A lot of begging for votes and lying about what they done to improve African American lives. 1 Quote Link to comment Share on other sites More sharing options...
Nolebull813 Posted January 25 Report Share Posted January 25 10 minutes ago, DBP66 said: yes he does...in fact they want to pass legislation asap but Trump told the his Republicans not to agree to the Border Policy the Senate has put together and because they want to use the border as a political tool for the election....it's shameful what the House republicans are doing to our country just to make Trump happy...sickening...😪 Is this legislation that was unable to be passed from 2021-23? Quote Link to comment Share on other sites More sharing options...
DBP66 Posted January 25 Author Report Share Posted January 25 1 hour ago, Nolebull813 said: Is this legislation that was unable to be passed from 2021-23? not sure...but there is a great offer according to Lindsay Graham and other Republican Senators...but Trump won't let his new puppet of the house agree to the policy...he's calling the shots for the Republican party right now. He's sacrificing the border so he can get elected....it's very obvious what Trump is doing...SAD for America...he's selling us out just to get elected...😪 Quote Link to comment Share on other sites More sharing options...
DBP66 Posted January 25 Author Report Share Posted January 25 'Trainwreck': Conservative GOP senators break on border, Ukraine deal as Donald Trump pressures Republicans Riley Beggin and Ken Tran Updated Thu, January 25, 2024 at 10:55 AM EST·5 min read 1.6k WASHINGTON – Lawmakers have spent months battling over aid to Ukraine and solutions for the crisis at America's southern border. But some of the Senate's more conservative Republicans are increasingly wary of a bipartisan plan to address both issues as former President Donald Trump weighs in, creating additional challenges for negotiations that are already a political minefield. Several Senate Republicans argued during a press conference on Capitol Hill Wednesday that the package, which seeks to tie together border programs and aid to Ukraine, would not actually increase the president’s ability to slow migration to the U.S. The comments come as Trump – the dominant GOP presidential frontrunner – is pressuring Congressional Republicans to reject the deal. “This supplemental bill is a kamikaze plane in a box canyon with no exit headed for a trainwreck,” quipped Sen. Ted Cruz, R-Texas. “From what I’m hearing, this could cause as many problems as it solves,” said Sen. Mike Lee, R-Utah. The deal – which has not yet been finalized – would reportedly make it harder for migrants to claim asylum, make it easier for U.S. officials to deport migrants who have remained in the country illegally, expand detention capacity and add Border Patrol staff. It would also bar additional migrants from entering the country if the system becomes overwhelmed, which Republican lawmakers said would mean a cap of 5,000 migrants per day. Lee, Cruz and Sens. Rick Scott, R-Fla., Roger Marshall, R-Kan., Mike Braun, R-Ind., Ron Johnson, R-Wis., and Eric Schmitt, R-Mo. raised concerns that such a threshold could effectively set migration at that level, which they deem too high. The conservative leaders on Wednesday also said the package stands no chance of passing in the House, where some members on both the right and left have raised concerns with the proposal. Sen. Rick Scott, R-Fla., speaks during a news conference with Republican Senators about border security issues at the U.S. Capitol January 24, 2024 in Washington, DC. “I think this is dead on arrival in the House,” Scott said. “We should not be voting for anything as Republicans in the Senate if the Republicans in the House don’t support it.” It’s not clear if the Senate-negotiated deal would fail in the lower chamber. But the odds aren't great: House Speaker Mike Johnson, R-La., has expressed doubt about a compromise that doesn’t resemble the hardline border bill House Republicans passed last year. The speaker has argued all aspects of their bill – referred to as H.R. 2 – must be passed together in a comprehensive package to address the southern border. The criticism from conservative senators came ahead of a private Wednesday afternoon meeting that stretched on for roughly an hour and a half. During the gathering, the full group of GOP senators aired their concerns or made their case for Ukraine funding and tying it to the border and immigration debate. Sen. J.D. Vance, R-Ohio told reporters after the lengthy meeting that most minds weren’t changed. The discussion was instead for senators to express their positions surrounding American support for the war in Ukraine, including an “exit strategy” and the “depletion of reserves.” The Donald Trump factor The debate between senators that erupted on Capitol Hill in recent weeks isn't purely about policy. Election year politics have also influenced conversations, as some Republicans raise concerns that the border package would give President Joe Biden a victory on a hot-button campaign issue. Fresh off his win in the New Hampshire primary, Trump has started pressuring congressional Republicans to reject the deal. Some senators have grown concerned Trump’s musings could endanger what are incredibly delicate negotiations. “If someone is running for president and is trying to actively undermine governance, that’s bad,” Sen. Bill Cassidy, R-La., told USA TODAY. “Is it really better to have 10,000 people crossing a day illegally or 5,000? Clearly it’s 5,000. So somebody who is trying to defeat legislation, all in the name of running for office? That is irresponsible.” Senate Majority Leader Mitch McConnell, R-Ky., acknowledged the new political challenges of linking Ukraine aid to border policy in the closed-door meeting Wednesday, according to reporting by Punchbowl. "We don’t want to do anything to undermine" Trump, McConnell reportedly said. "We're in a quandary." Senate Minority Leader Mitch McConnell (R-KY) speaks during a press conference following the Republicans weekly policy luncheon on January 23, 2024 in Washington, DC. And as Trump remains the dominant 2024 GOP frontrunner after winning the critical states of Iowa and New Hampshire, some of his allies in the Senate appear to be welcoming his input on whatever deal emerges. “He’ll be the next Republican president. If we expect him to be able to secure the border, he ought to be able to see this bill and he ought to be able to be engaged and say ‘Is this gonna help me secure the border or not?’” Scott said. “I think we’re gonna hear his opinion almost certainly,” Vance, one of the former president’s strongest supporters in the Senate said. “I think it’s an important opinion because he’s effectively (the) leader of the party.” Proponents of the deal are arguing the proposal would empower Trump if he regains office – and that Congress has a unique opportunity to get something done. The last attempt at major border or immigration policy change came in 2013, which passed the Senate but never came up for a vote in the House. “I think if anyone’s intellectually honest with themselves, they all know that these would be extraordinary tools for President Trump,” said Sen. Thom Tillis, R-N.C., who has been a vocal advocate of additional aid to Ukraine. He said Trump asked for additional tools to manage the border when he was president. “These tools, he will use. It may be politically difficult to deal with it now, but we will rue the day if we miss this opportunity.” Quote Link to comment Share on other sites More sharing options...
Atticus Finch Posted January 25 Report Share Posted January 25 2 hours ago, Nolebull813 said: So when its high he gets no blame but you say it’s going good and he gets all the credit? Uh...what? High is good in this context, think tank. You'll have your talking points in-hand soon enough I'm sure. Quote Link to comment Share on other sites More sharing options...
Atticus Finch Posted January 25 Report Share Posted January 25 2 hours ago, Nolebull813 said: This is equivalent to me burning down your house, and then help you clean the rubble up and people think I’m a good person for helping you out. 1 Quote Link to comment Share on other sites More sharing options...
Atticus Finch Posted January 25 Report Share Posted January 25 2 hours ago, Nolebull813 said: And that’s too funny. Just in time for the election. Funny timing. The GDP growth was higher in the previous quarter (Q3). Quote Link to comment Share on other sites More sharing options...
Nolebull813 Posted January 25 Report Share Posted January 25 4 minutes ago, Atticus Finch said: The analogy is he destroyed the economy and is trying to take credit for the attempt to fix it 1 Quote Link to comment Share on other sites More sharing options...
Atticus Finch Posted January 25 Report Share Posted January 25 2 hours ago, Nolebull813 said: Cripple everyone with record high inflation and interest rates crushing the middle class, and then try to bring it down just in time for the election to gas light people into thinking they werent just suffering the last 3 years. You do realize that the President doesn't directly control inflation, right? Or interest rates? The Fed moves the rates as a *response* to high inflation. Who am I'm kidding. Of course you don't. Also, this is a post about GDP growth and not inflation. You are even more hysterical than usual. Yikes. Quote Link to comment Share on other sites More sharing options...
Atticus Finch Posted January 25 Report Share Posted January 25 2 hours ago, Nolebull813 said: I thank God everyday we built our house while Trump was still in office. Interest rate is 2.75 percent. Wells Fargo hates our guts. Lol. After Biden became president, our same exact house costs $100,000 more to build, and the interest rates are about 7-8 percent: if we would have waited we would have been royally screwed And that's just dumb luck. Good for you. Too bad you're too stupid to understand. Quote Link to comment Share on other sites More sharing options...
DBP66 Posted January 25 Author Report Share Posted January 25 3 minutes ago, Nolebull813 said: The analogy is he destroyed the economy and is trying to take credit for the attempt to fix it why would anyone want to or purposely destroy the economy if it will hurt them politically???.... Swing and a miss there!....🙄 Quote Link to comment Share on other sites More sharing options...
Atticus Finch Posted January 25 Report Share Posted January 25 2 minutes ago, Nolebull813 said: The analogy is he destroyed the economy and is trying to take credit for the attempt to fix it The economy was never "destroyed" is the point. You're just an idiot and you listen to crackpot right-wing news sources who have lied to you every single day since January 20th, 2021. Quote Link to comment Share on other sites More sharing options...
Atticus Finch Posted January 25 Report Share Posted January 25 4 minutes ago, DBP66 said: why would anyone want or purposely destroy the economy if it will hurt them politically???.... Swing and a miss there!....🙄 It's just as dumb as when I hear people say that Biden wants high gas prices because of his "climate agenda." As if any President would *want* high gas prices. These morons don't understand markets or economics in any context. They are intractably stupid. 1 Quote Link to comment Share on other sites More sharing options...
golfaddict1 Posted January 25 Report Share Posted January 25 2 hours ago, I AM IRONMAN said: Yes…timing…now puddin brain and clan suddenly cares about the border. 🤔 Thoughts? https://x.com/mkraju/status/1750549690221752806?s=46&t=Ub_4ZB--blmAW22AUOdwqQ Dementia Donnie helping America first! 1 Quote Link to comment Share on other sites More sharing options...
DBP66 Posted January 25 Author Report Share Posted January 25 6 minutes ago, Atticus Finch said: It's just as dumb as when I hear people say that Biden wants high gas prices because of his "climate agenda." As if any President would *want* high gas prices. These morons don't understand markets or economics in any context. The are intractably stupid. they seem to have some sort of conspiracy answer for anything that makes sense these days?!....there's a conspiracy for every logical idea out there.....the republicans like their "alternative" facts....and live and swear by them no matter how wrong and dumb they are...SAD! Trump and is 30,000+ lies has their heads screwed on backwards... Quote Link to comment Share on other sites More sharing options...
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