White House Isn't Paying Attention to Americans Getting Their Retirement Plans Wiped Out

I guess you don't read the news either. Sorry. Can't help you. Your failure to understand doesn't fall on me.

 

Just gonna post incorrect information and ignore the true facts. Man, being left has to be exhausting:

George W. Bush (2001-2009)
President Bush added $5.85 trillion to the national debt.

Barack Obama (2009-2017)
Under President Obama, the national debt grew the most in dollar terms ($8.6 trillion) and was fifth by percentage at 74%.

Donald Trump
At the end of fiscal year 2020, the debt was $26.9 trillion. Trump added $6.7 trillion to the debt between fiscal year 2017 and fiscal year 2020, a 33.1% increase, largely due to the effects of the coronavirus pandemic and 2020 recession.

Joe Biden
For fiscal year 2022, President Biden's budget includes a deficit of $1.84 trillion, and by the end of January 2022

 

LOL.

But you get to sit there and invalidate the proof as you see fit?

Get the **** out of here with your deflecting non-sense.

 

Terrible straw man reach. Pure fail.

 

Economists are saying that to fight inflation it is necessary that the federal government slows growth by raising interest rates.

That IS going to hit the stock market.

Going against the recommendations of economists and pushing for growth WILL increase inflation.


Republicans are just LOVING this. Just watch the propaganda machines turning on overtime.

The bottom line is that we had a world wide COVID catastrophe.

And, the very LAST thing America does when there is a catastrophe is work together to get us through it.

 

Ok, keep in mind, I'm not all in on all "Green" technology, or the deployment of it, but I do agree with the overall premise. Here's why:
Our dependence on fossil fuels, coal, oil, gas needs to, at some point, wind down. Some is harder to replace than others, for example, it's easier to come up with electric vehicles that don't use oil products to move than to come up with ways to provide electrical power to the entire planet.
But there is a finite amount of fossil fuel available, and it takes A LONG TIME to make more.
So the supply is an issue.
Another issue is the health of the planet. I think we can all agree that pollution is not good for the only planet we have to inhabit, so the sooner we implement the ideas to help that issue, the better. Saving a few bucks now won't do our great grandchildren any good if there isn't air to breath, water to drink or crops to grow into food.
Many people have a self serving, "I want what I want and I want it now" attitude. We do have to figure out a way to solve these problems REALISTICALLY, which takes a lot of cooperation and conversation. Maybe even like this one.
The "Green people" aren't all wrong, but none of us can afford the all or nothing attitude, which usually results in nothing, which will be bad for the human race. So some are trying to implement some of the ideas. Long term, it's what needs to happen. Not making changes will have way worse consequences
Hope that helps.

 

I don't need to apologize for all things Democrat. I did, for the first time ever, vote straight ticket non-Republican (Dem and Ind) because of one reason: Trump and the support of Trump by the Republican party. If Trump is the candidate in 2024, I'll do it again.
But, I don't feel the need to apologize for it. Still glad I did.
Panic selling is, in a word, stupid. Some people get shaken and nervous, I guess, but the market being down is NOT the time to sell off and diversify into other investments unless one has a SURE THING to jump into that justifies the loss. I know a doctor that panicked and did that in 2008, so it's not stupid people, just stupid acts.
I agree with the highlighted part. I don't watch any of the tv channels anymore, I honestly realized I was better off not watching, and I think that watching too much of CNN, FOX, MSNBC, OANN, etc is detrimental to rational thinking and mental health. They all make money from people being worried/scared/mad because it makes them tune in, so they do their best to produce those effects. It's why drama tv shows always have a cliffhanger at the end of each episode, to get you to watch next week to see what happens.
I do watch some local news and Spectrum news, which mainly states facts and leaves the "analysis" to the others previously mentioned.
People overall are getting too lazy to find information and apply common sense and critical thinking to analyze the information, imo.
Democratic votes alone didn't create the situation we're in, good or bad. It's a combined effect of years of decisions, good and bad, on both sides of the aisle and in between.

 

Ah, yes, the stock market and, therefore, people's retirement accounts NEVER tank when the GOP is in power. Oh wait, looking back at the last two big crashes......

Newsflash, if you thought that money invested in stocks under Trump was money in your pocket, you don't understand investing. The market giveth, and the market taketh away. Usually, in the long run it gives more than it takes, that's what makes investing useful. However, any investor should be prepared for a big selloff at any time. If you don't have the stomach for it, you shouldn't be invested in stocks.

 

Well, since the WS Casino now fully expects & DEMANDS taxpayer bailouts, there are no rules that now prevent the stealing and/or it's frequency.

 

In my view, both parties are the same. The only difference is who gets the money. Both obama and trump were whores for big pharma and food giants. I live in Los Angeles and inflation hits here first. When people were complaining about gas hitting $3. we were already paying $4. When min wage went to $15. every product that is touched by a human employee went up and the increase in pay was quickly consumed to the point of it being a net loss. The tax man got a raise, of course.

When something passes under the label "bipartisan" that means its very expensive and that all sharks get a bite!

I realize that most people are used to the typical discussions "My thieves are better than yours" bit I see that as being useful to those looking to gain control of our money. As long as Americans are at each others throats, they will continue to use our great great grandchildren's credit cards.

 

Funny how you accuse me of posting incorrect facts. You left out this tidbit from the source you posted.

FY 2021 budget was passed under Trump. Your source even says so, but you conveniently left that part out. So yes, Trump added 8 trillion to the debt.

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So, Trump gets the excuse of covid, but Obama doesn't get the excuse of the great recession he inherited from GWB? That's typical selective reasoning.

In any case, I think nobody can argue that Trump's $6.7 trillion in four years is worse than Obama's $8.6 trillion in eight years. it is also hard to argue why Biden's $1.84 trillion cause immediate inflation, but Trump's $6.7 trillion didn't. Of course, partisans don't care about the actual numbers, they just want to crucify the other team.

 

Trump had an 8 trillion deficit in 4 years. People incorrectly attribute FY 2021 budget to Biden.

 

It's actually disenginious conflating.

 

That's true also. The example above where a poster intentionally left out data to prove their point shows you how much they produce their own fake news.

 

Party over country is the far RW motto.

 

What is it exactly you expect the government to do about investments? The whole point of living in a free market society is you choose how and where to invest your money. If you invest in a ETF or mutual fund you have the fund managers controlling the investments. Do you expect government to tell those fund manager what to invest in? If you don't want fund managers you can get your own investment advisor or go it alone. If you don't like the leader of the country move your investments into a country where you do like the policies of the leader. If you like Canadian or UK prime minister leadership shift your investments into fund or stocks in those countries. The whole point is you have to choice to invest in anything and anywhere you want. I own stocks and ETFs in Chinese companies, Canadian companies, European companies, South American companies etc... We live in a global economy. Unless it is a global crisis like covid or the war you can diversify your investments away from policies you do not agree with.

 

Nope. I will keep calling the OP out on picking a bad source and keep demanding they give a better one. Because good debate requires good sources.

 

The WH does not pay attention to the stock market everyday. That's what the spokesperson said. Article used a click bait title.

Anyways, why would the WH pay attention? Is there a particular policy that they can enact that would keep the markets from tumbling?

 

only way to keep it up is for the fed to keep dumping money into it like they did under Trump - course as we see, that causes inflation - which the fed is now trying to address

Trump was on the verge of a recession in 2019... BEFORE COVID

the fed doesn't do this during a great economy... that the economy was great pre-covid is one of the biggest lies the Republicans ever told.


"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

It’s worse than that. Their extreme intransigence is dragging the country down. But when your only agenda is to own the libs, ruining your country is irrelevant if it helps your agenda.

 

I appreciate the thought out response. To which I say, if that is your perspective, then those alternative energy policies come with a cost.

My point, those who advocate for alternative energy do not get to alleviate themselves from the consequences of such agendas. If it is that important to them, they need to accept the costs and consequences and defend their agenda on it's merit.

My perspective on energy. What are we saving it for? We still have so much oil, gas, and other resources in the ground to meet our needs for a very long time. If we transition, fine, but it should be because it's better, safer, or easier.

Im far more concerned about man's destruction of the plants methods to heal itself, like the deforestation of the amazon, far more than fossil fuels. Our oceans are full of garbage, and it's killing them, taking away their natural ability to soak up CO2

In my opinion, the earth has been a volitale rock spinning around the sun with wild fires, volcanoes, and host of other "pollution" causing natural phenomena for eons. We need to make sure the earth has the capacity and capability to heal itself.

 

Ok, good, I am glad we agree with all of the facts thus far.

Now, who actually authorizes spending? Should we take a look at who controlled both chamber of congress for all these periods?

Rut ro. Might have a little issue here on the partisan front.

 

2021 actual spending, and 2022 aren't in yet.

 

I think the word you are looking for is "confirmation bias".