Biden's Economy?

[Chap]

General Motors will go bankrupt due to ... the green new deal.

Oh really? So the Green New Deal has been passed into law? I must be getting out of touch ...

[Doctor Steuss]

you're changing the subject again...

Question for you Gad. Are you better off now than you were 4 years ago?

What's on the horizon? The UAW will get their crazy demands. General Motors will go bankrupt due to the union and the green new deal. The taxpayer will then be on the hook to bail them out. And the cycle will repeat itself.

Of the American automakers, GM will likely be just fine. They've recognized the uncontroversial and plain science of climate change for some time, and have been working towards an EV-only business model for the consumer market. In fact, I think they're the only major auto maker that set a definitive timeline for phasing out IC vehicles. Not all right-wing capitalists are science-denying dogmatists -- especially when being willfully ignorant effects long-term viability and profits.

Incidentally, the manufacturing of EV is much more automated than IC, and requires a substantially smaller workforce. The transition will result in massive labor savings for GM in the long run.

By the way, regarding those "crazy demands" -- when was the last time you looked at a GM earning statement, or how much they pay in dividends annually to people who contribute nothing in the manufacturing of their vehicles? Ultimately, profits and dividends are just unpaid wages.

[ajax18]

Question for you Gad. Are you better off now than you were 4 years ago?

What's on the horizon? The UAW will get their crazy demands. General Motors will go bankrupt due to the union and the green new deal. The taxpayer will then be on the hook to bail them out. And the cycle will repeat itself.

Of the American automakers, GM will likely be just fine. They've recognized the uncontroversial and plain science of climate change for some time, and have been working towards an EV-only business model for the consumer market. In fact, I think they're the only major auto maker that set a definitive timeline for phasing out IC vehicles. Not all right-wing capitalists are science-denying dogmatists -- especially when being willfully ignorant effects long-term viability and profits.

Incidentally, the manufacturing of EV is much more automated than IC, and requires a substantially smaller workforce. The transition will result in massive labor savings for GM in the long run.

By the way, regarding those "crazy demands" -- when was the last time you looked at a GM earning statement, or how much they pay in dividends annually to people who contribute nothing in the manufacturing of their vehicles? Ultimately, profits and dividends are just unpaid wages.

GM has been bailed out by the taxpayer twice already, once in the 1980s and once in 2009. There's never a problem that can't be fixed by higher taxes in the minds of the socialist even after repeatedly seeing the results.

As predicted Bidenomics has been a severe self inflicted wound for the vast majority of Americans. It's time to strike down the socialist hypocrites like the Bidens who evade taxes completely let alone pay their fair share. It's time to end the income tax and free the American worker.

We've done things your way since you used COVID to retake control in 2020. Take the partisan blinders off for a minute to look around and see what the results are.

[Doctor Steuss]

GM has been bailed out by the taxpayer twice already, once in the 1980s and once in 2009. There's never a problem that can't be fixed by higher taxes in the minds of the socialist even after repeatedly seeing the results.

*checks notes of what political party leader signed off on the bailout*

Curious.

As predicted Bidenomics has been a severe self inflicted wound for the vast majority of Americans. It's time to strike down the socialist hypocrites like the Bidens who evade taxes completely let alone pay their fair share. It's time to end the income tax and free the American worker.

Cool story.

We've done things your way since you used COVID to retake control in 2020. Take the partisan blinders off for a minute to look around and see what the results are.

Remember that one time that Trump issued guidelines that Governors were to follow for COVID, and absolutely every single Democrat governor implemented lockdown policies that were substantially less restrictive, and allowed even more freedom than Trump's guidelines?

That was cool.

But tell me more about these partisan blinders.

[Doctor CamNC4Me]

Marjorie Taylor-Greene doing her part to save Ajax some money by submitting an amendment to the budget that cuts SecDef’s pay to $1.

I’m starting to think the GOP isn’t as pro-military as they claim

- Doc

[Some Schmo]

Marjorie Taylor-Greene doing her part to save Ajax some money by submitting an amendment to the budget that cuts SecDef’s pay to $1.

I’m starting to think the GOP isn’t as pro-military as they claim

- Doc

Of course they aren't. They're only anti-boogieman. All policy positions can change on a dime if it supports assuaging their latest irrational fear.

If you want the GOP to support something, tell them Democrats are against it. They're so simpleminded, that works.

[ajax18]

Marjorie Taylor Greene doing her part to save Ajax some money by submitting an amendment to the budget that cuts SecDef’s pay to $1.

I’m starting to think the GOP isn’t as pro-military as they claim

- Doc

Of course they aren't. They're only anti-boogieman. All policy positions can change on a dime if it supports assuaging their latest irrational fear.

If you want the GOP to support something, tell them Democrats are against it. They're so simpleminded, that works.

Good point. I'll be voting a straight Democratic ticket this time around. Democrats need another 4 years to stew in the fruits of their policy. I'd rather that than seeing Trump elected and immediately being blamed for Bidenomics. I've wondered for years at how to find the means to fight the immoral Democrat tyrants. My sweetest revenge could be as easy as checking the wrong box and refusing to save them from themselves.

[Doctor CamNC4Me]

This is the braindead maniac conservatives (mostly, if you believe the polls) want running the economy again:



- Doc

[Vēritās]

Is 5% GDP growth good?

Asking for a friend.

[ajax18]

Consumer Inflation Expectations Soar as ‘Bidenomics’ Falters




Prices - President Joe Biden listens during a joint news conference with Japan's Prime Minister Fumio Kishida and South Korea's President Yoon Suk Yeol on Friday, Aug. 18, 2023, at Camp David, the presidential retreat, near Thurmont, Md. (AP Photo/Andrew Harnik)AP Photo/Andrew Harnik
JOHN CARNEY27 Oct 20237

U.S. consumers see inflation rising at a much higher pace than they did earlier this year, a key survey of consumer sentiment showed Friday.

The University of Michigan’s survey of consumers showed consumers expect inflation to be running at an annual rate of 4.2 percent 12 months from now, a sharp rise from 3.2 percent a month ago. Long-run inflation expectations moved up from 2.8 percent last month to 3.0 percent this month.

The rise in near-term inflation expectations suggests the public has lost some confidence in the Federal Reserve’s policies aimed at bringing inflation down to its two percent target. On Friday, the Commerce Department reported that prices in September rose 0.4 percent for the second consecutive month, a big jump from the 0.2 percent increases seen over the summer.

A poll taken for The Economist magazine earlier this month showed that fifty percent of American adults think inflation will be higher six months from now, an uptick from the September poll showing 47 percent see inflation rising. Just 14 percent expect inflation to fall.

Americans consistently give President Joe Biden a low rating on his administration’s efforts to combat inflation. Just 32 percent of Americans say they approve of the administration’s inflation policies and 61 percent disapprove, including 45 percent who strongly disapprove. Among independents, a key swing vote in presidential elections, just 23 percent approve and 65 percent disapprove.

Seventy-four percent of Americans say inflation is a “very important” issue, with another 20 percent rating it as somewhat important. Twenty-four percent say inflation is the most important issue facing the country, higher than the second- and third-ranking issues—health care and climate change—combined.

The University of Michigan’s consumer sentiment index plunged six percent in October after holding steady for two straight months.

“This decline was driven in large part by higher-income consumers and those with sizable stock holdings, consistent with recent weakness in equity markets,” said the director of the survey, Joanne Hsu. “Across all consumers, one-year expected business conditions plunged 16% and expectations over consumers’ own personal finances in the year ahead fell 8%, reflecting ongoing concerns about inflation and, to a lesser degree, uncertainty over the implications of negative news both domestically and abroad.”

https://www.breitbart.com/economy/2023/ ... s-falters/