Average American is losing $34K and everything else on Biden’s watch

People leave it out to deceive the gullible. Buying power is the main factor in poverty. Thats the difference between those looking for truth and those looking to win. Are you saying those living in poverty own $500K homes? Please link your study.

 

This is what you get when you put a party in power that has a senile old man and a race based VP for a leader

 

The one looking for a "win" by bending actual facts is you.
The median price of a house in California is over 600,000. How poverty stricken can the median person be.

 

I would love nothing more than to lose a debate on poverty. Unfortunately, your distraction attempts only support my position. You are welcome to close your eyes and refuse to factor in the cost of basic needs. That doesn't refute the fact that:

CA leads the nation in poverty
CA has abundant resources and high taxes.

Conclusion: Dem control combined with abundant resources and high taxes equals a lower quality of life for those Dems claim to care about.



I have backed up my position with facts. Were you able to find a source supporting your claim that our poor own $500.K homes?

 

Actually, it's just the opposite. I have backed up what I said with facts and you have offered nothing to back your's up. The fact that people can be in a state of "poverty" by your standards yet still live in a 500,000 house either eludes you or you don't understand you're own point.

 

For starters, I would point to the $2.1 Trillion stimulus passed without one Republican vote when Biden first took office. The earlier stimuli were bad, but were at a time when the entire economy was almost completely shut down and thus you could argue it was an absolute necessity to avoid an all out economic collapse. This one however was after the vaccine was available and people were mostly back to work by that time and it was NOT a necessity (He also kept in place the very high unemployment reimbusrsement which further exacerbated the situation)

The stimulus devalued the dollar, and it filled peoples bank accounts and the artificial sugar high drove their spending which was a major cause of the runaway inflation that we have experienced. Nobody is saying that inflation was not going to happen, but this undoubtedly drove it far higher than it otherwise would have been and needed to be. Do not underestimate.....$2.1 trillion is an ENORMOUS amount of money to literally pull out of thin air, not to mention that it is a lot to add to our national debt and subsequent debt service which is a whole other problem that we have yet to address simply because of the acute nature of the current emergency in our economy.

 

So, what you are saying is that if Trump would have been president there would be NO inflation and savings would not have collapsed. That these problems are all Biden's doing right?

FACT:

8.8 percent is the average inflation rate in the WORLD!

Countries experiencing conflict, upheaval or major economic problems in 2022 are expected to see inflation rates far above the global average of 8.8 percent. Among them are Venezuela, Sudan, Zimbabwe, Turkey and Argentina.

US Inflation Rate is at 8.20%, compared to 8.26% last month and 5.39% last year. This is higher than the long term average of 3.27%

This means that we are slightly below the average.

Do you believe Biden is to blame for the entire inflation of the world?

as far as your article is concerned. I don't doubt the figures at all but the reality is the the NewYorkPost is a right-biased media source and they conveniently left those other important details about worldwide inflation out of their article. As such, the Biden detractors jump all over it. Pure politics with truths bent to their advantage.

• Overall we rate the New York Post on the far end of Right-Center Biased due to story selection that typically favors the Right and Mixed (borderline questionable) for factual reporting based on several failed fact checks.

Are you the type of person looking for truth or looking for support of your bias?

 

Show me how Biden is the person at fault for all of this. I am waiting with baited breath.

 

I drafted this post to someone else above, but it equally applies to your post....

For starters, I would point to the $2.1 Trillion stimulus passed without one Republican vote when Biden first took office. The earlier stimuli were also bad for inflation, but were at a time when the entire economy was almost completely shut down and thus you could argue it was an absolute necessity to avoid an all out economic collapse. This one however was after the vaccine was available and people were mostly back to work by that time and it was NOT a necessity (He also kept in place the very high unemployment reimbusrsement which further exacerbated the situation)

The stimulus devalued the dollar, and it filled peoples bank accounts and the artificial sugar high drove their spending which was a major cause of the runaway inflation that we have experienced. Nobody is saying that inflation was not going to happen, but this undoubtedly drove it far higher than it otherwise would have been and needed to be. Do not underestimate.....$2.1 trillion is an ENORMOUS amount of money to literally pull out of thin air, not to mention that it is a lot to add to our national debt and subsequent debt service which is a whole other problem that we have yet to address simply because of the acute nature of the current emergency in our economy.

 

I agree with you, Facts don't lie. What is a lie is cherry picking one country and not comparing it with the entire developed world. This chart shows you ALL of the truth.

 

I wish. Unfortunately, my state is not doing so well. I live here and don't have the luxury of viewing the suffering from the "median" perspective. Here is a short list

https://www.politifact.com/factchec...alifornia-has-nations-highest-poverty-rate-w/

https://www.businessinsider.com/california-has-highest-poverty-level-in-the-us-census-bureau-2021-9

https://inequality.stanford.edu/sites/default/files/PovertyinCA19.pdf

https://www.cato.org/study/overview-poverty-inequality-california#covid-19

https://www.businessinsider.com/california-has-highest-poverty-level-in-the-us-census-bureau-2021-9

https://www.thecentersquare.com/cal...cle_45a6e2fc-f9f8-11ea-a19d-cf1649965470.html

https://calmatters.org/commentary/2019/09/high-cost-california-no-1-in-poverty/

https://www.sandiegouniontribune.co...lifornia-poverty-rate-20180913-htmlstory.html

Your turn. Please show where you came up with your claim that those living in poverty own homes.

 

I do agree that the stimulus program was part of the problem but then again, how can anyone criticize a move that helped people get by economically. Can you say that without that stimulus that our country would be better off? It certainly helped inflation go higher but then again, worldwide inflation is running at 8.8% and we are running at 8.2% (we are lower than the average). How much lower would we be if the stimulus had not been done, and would we be better off?. I don't know the answer to that.

 

-In hindsight, I think that it is safe to say that the $2.1 Trillion stimulus was a bad idea that exacerbated the very serious inflation problem that would have existed even if we did not pass that bill. Republicans said so in foresight, but now that we have the benefit of hindsight, it is hard to argue that they were not correct. I am guessing if Democrats had the ability to take that vote all over again, that they would not have passed it. Surely Manchin and Sinema would have put an end to it.


-I realize that inflation is affecting the entire world, but that does not mean that we would not rather be further toward the lower end of it. I dont much care about places like Venezuela and Turkey etc, as they have little to no comparison to our economy. I would tend to look toward European powers with somewhat similar cultures and economies as a comparator.

One thing about all of those countries is that they are all significantly further left politically than we are. Throwing money at a problem tends to be more of a leftist rather than a rightist solution, so it would have been my hope that we could have far outperformed our further left European counterparts from an inflationary standpoint, because we would have been slightly more disciplined in regards to essentially printing money to solve a problem. I realize that we did stimuli under Trump as well, but it really is much easier to argue why those were absolutely necessary to stave off economic collapse because the economy was literally shut down at that time. By March of 2021 however, it cannot be claimed that our economy was shut down. It was not humming at full capacity mind you, but it was not that far off. For the most part, people were back to work. $2.1 trillion in that circumstance, especially in light of the previous stimuli, was an ENORMOUS amount of money to spend for yet another stimulus.

I would even further argue that Republicans were much more in favor of opening up the economy more quickly, which from an inflationary standpoint should have produced better results if implemented. I realize that is speculation, but it is still worth noting.

 

Not what I'm saying at all. Full Democrat control is more than just the executive branch. It took full Democrat control to tank this nation.

It began with the war on fossil fuel and the snowball effect ensued

 

The nation is tanked?

Show me facts that support your statement!

 

Stop, there are plenty of people living in poverty that live in homes
From your own article:
https://www.politifact.com/factchec...alifornia-has-nations-highest-poverty-rate-w/
"If you look at the official poverty measure in California, we’re about average with the rest of the country," Mayes said."
This is what I said before, you're argument hinges on a different matrix. In fact, the people that own houses are exactly what makes your case.

 

The Electorate will render their decision, shortly.

While the wealthy connected enjoy abundance in Biden and the Dems era, the rest of us are struggling with the mess they have wrought.

Aldi considers selling edible insects to help families through the cost-of-living crisis.

'Budget supermarket Aldi is considering selling edible insect recipe kits as the cost of living crisis hits families. Bugs such as crickets are known to be a cheap and sustainable form of protein. Now Aldi is weighing up whether to stock products by Yum Bug, which make the insect recipe kits. Yum Bug founders Aaron Thomas and Leo Taylor, both 28, are competing against other start-ups to get their product on the supermarket’s shelves. The duo were picked from hundreds of applicant’s to appear on Channel 4’s ‘Aldi’s Next Big Thing’ tomorrow.'



Instead, Vote for a return to rising wages, prosperity, safe streets and abundance!

 

Sandy Shanks said:
With full employment, substantial job growth, and robust spending, the Biden economy is on fire. Inflation is a by-product of prosperity. To change that, unemployment must increase causing less spending. That will result in lower prices. It is called a recession.

Why Americans as a whole are so negative about the economy, and why they think the Republican Party with its history of recessions is the answer is a mystery. The news today causes more bafflement.

ABC reports, "The number of Americans applying for unemployment benefits fell last week and remains historically low even as the U.S. economy slows in the midst of decades-high inflation.

"Considered a proxy for layoffs, applications for jobless aid have remained historically low.

"Some recent employment data suggests the job market may be cooling slightly, but overall, it remains the healthiest part of an economy that’s been shaky all year due to high inflation and Russia's war in Ukraine.

"Four-decade high inflation has prompted the Federal Reserve to keep raising its key interest rate, which is currently in a range of 3% to 3.25%. A little more than six months ago, that rate was near zero. The sharp rate hikes have pushed mortgage rates up to 15-year highs, and made other borrowing costlier. The Fed hopes that higher interest rates will slow borrowing and spending and push inflation closer to its traditional 2% target.

"Fed officials have warned that the unemployment rate will likely have to rise as part of their fight against rising prices, and the most recent government jobs report likely snuffed out any hope that the Fed would pause rate increases when it meets in early November."

Higher unemployment results in less spending. Prices go down due to less spending and that is called a recession.

That must be what Americans want. Vote Republican, they are good at recessions.

In the meantime, we have the Biden economy. Hiring in September added 263,000 jobs and the unemployment rate dropped from 3.7% to 3.5%, matching a half-century low. Record low unemployment combined with job growth.

What's not to like?

As is their custom, Republicans will avoid the factors in this report. They are eternal pessimists, and they like recessions.

 

Nonetheless, when you say the U.S. has tanked it means that other places have not. Tanking is a comparative word. As such, I asked you to deliver proof of that. Proof the we alone are tanking, compared to other nations.

 

This is a foolish claim by the Left. We measure ourselves against our potential not the performance of others. The current folks are not doing the best job possible or even an acceptable job. $500/month for the same things you bought before Biden and the Dems took over is simply unacceptable.

EVERYTHING IS GOING SWIMMINGLY: Over One Million Americans Are Rationing Insulin.



Vote for Change!

 

What a ridiculous reply. Life is not perfect (and never will be). As such, the people that handle the problems have to be compared to each other to see who does the best job at coping with the problem. People are also not perfect, meaning that each and every person will do something wrong and the only way we can know we have the best person for the problem is comparing him to others.

As such, please show me who is handling the problem better among the leaders of the world. Saying that this person or that person could have done better is pure assumption as it is impossible to know.

Let me ask you a question and I hope you are man enough to answer it truthfully. If Trump had been re-elected and the situation was identical to what it is now, would you be saying the same thing about the Republicans that you are saying about the Democrats?.................or making excuses for it?

 

Inflation is contained to this country. And in each country with inflation, it's contained in those, as well. It's not some magical force or virus that spreads worldwide. It is the direct result of inflationary policies at each central bank. The dollar is doing better than those other currencies only because the dollar is still seen as a safe haven. People around the world are getting ahold of dollars because it's safer than their own currencies, at least for now. It will change within a few years. And, the blind sheep will blame whomever is in office at the time, rather than the real culprit - government control of the monetary system.

It seems that you are projecting. Hypocrisy is the highest virtue of the statist.

 

Fake News. You mock the misery Americans are suffering under the complete mess that Biden and the Dems have made of our economy.

More fake news. You are 'refuting' an argument no is making. Sad!

Exactly. We're going to pick some other folks to represent us, because too many of these folks suck.

You're completely lost. No world leader is on my ballot. I'm voting for folks that will represent ME. What a concept. You seemingly have little understanding of our Constitutional Liberal Democracy.

Now you are reduced to arguing a counter-factual? Good lord, just stick to reality and the issues, they offer more than enough to hold one's interest.

The Lying Fake News Media will not be able to lie the Dems out of the coming reckoning.

BOOM! 59% of voters think MSM is a "major threat" to Democracy: NYT/Siena Poll

The Electorate is quite right about this.



It's been a slowly dawning reality of just how corrupt this inbred cabal is of corrupt Leftwing interests, political fbi, rogue federal agencies, DNC and the lying fake news are.

And the result is inflation out of control and burning down the economy? Time for Change!



'Fully 84% of registered voters named the Mainstream Media as a threat to Democracy.' And, believe me, we all know which side the lying fake news media is on and it sure as hell isn't ours or the GOP's.

'After two years of relentlessly pounding the issue of democracy being under threat the public has come to agree with the liberals and the MSM: yep! Our democracy is under threat and it is you guys in particular who are the most responsible.'

'As the Washington Post would say, “Democracy Dies in Darkness.” Only the public thinks the darkness is spread by the MSM.'

That $34k number of how much Americans have lost under Biden and the Dems is an old number. As we get ready to vote, we know it's gotten way worse, and Dems have no interest in real solutions. They never talk solutions, they want us to just accept how badly they have screwed us, shut up about it, and continue to vote for them. They certainly don't know Americans, because Americans will not tolerate that kind of disrespect.

It's coming and you folks deserve every bit of it.

 

Inflation is worldwide right now because the factors that drive it are not contained to only this country, or self-contained in each country experiencing it. Like it or not, we are intertwined with the rest of the world economically and opposing statism doesn't and will never change that. It's time to join the 21st century pal, again whether you like it or not. We don't live in a time where each country exists as largely their own island.

And arrogance and fantasy are the highest virtues of whatever term you would refer to yourself as.