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All-In [26626]
TigerPulse: 100%
Posts: 20730
Joined: 9/2/02
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110%er [7252]
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Posts: 9810
Joined: 10/6/21
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Re: Bidenomics
Jul 20, 2023, 2:21 PM
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Biden regime has kicked the recession down the road by continuing to wildly deficit spend.
Similar to a family with no income that keeps up the nice lifestyle by using credit cards.
However, in a family the credi cards eventually max out, which leads to no more spending and then the family enters the ‘recession’ phase.
With govt, there is no max on the credit card. Inflation will run wild, but a recession can be postponed until after 2024 election.
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Oculus Spirit [81343]
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Joined: 9/13/04
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I've been hearing we are in, or are going in a recession
Jul 20, 2023, 2:34 PM
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since right after Trump lost in November of 2020.
And here we are, almost 3 years later. Everything costs more, and people keep buying stuff.
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Associate AD [828]
TigerPulse: 94%
Posts: 3982
Joined: 4/14/09
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Re: I've been hearing we are in, or are going in a recession
Jul 20, 2023, 3:17 PM
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I opened my 401-k report yesterday and it was up 13.1% in the second quarter of the year. Woot! I'm assuming this means that Keowee is a really bad investor as he is always complaining about his money.
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Oculus Spirit [81343]
TigerPulse: 100%
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He repeatedly says the US is a joke.
Jul 20, 2023, 3:30 PM
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I'm not sure why him and a slew of America haters in here continue to live somewhere they hate.
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110%er [5712]
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Orange Blooded [2053]
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While you may be used to that, it's not typical for
Jul 20, 2023, 4:30 PM
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hard-working Americans to make that little.
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Orange Blooded [3031]
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All-TigerNet [11648]
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Legend [17869]
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Joined: 9/1/12
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Re: Bidenomics
1
Jul 20, 2023, 4:22 PM
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Meh——I’ve been waiting and waiting. Waiting is the hardest part.
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110%er [7252]
TigerPulse: 96%
Posts: 9810
Joined: 10/6/21
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Re: Bidenomics
Jul 20, 2023, 5:25 PM
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Recession can be postponed by escalating the practice of deficit spending.
Of course, this also makes any inflation over the previous 1.75 years permanent, and each time the Bribem admin reports a reduction in the inflation rate, the cost of goods increases further from the baseline date of April 1, 2021.
The way to reverse inflation and also to grow the economy is by unleashing the energy industry so that exports soar, stop with the BS water use restrictions on agriculture in Americas non-desert agricultural regions, immediately resume construction on pipelines in order to (eventually) reduce excess freight shipment demand on the railroads, and cease with ESG criteria at USA’s high schools and colleges.
The Democrats will never agree to any of the above. Therefore, permanently higher prices and varying rates of inflation (between bad and worse) will be America’s way of life until the inflated currency house of cards collapses, Weimar Republic style.
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