Headlines
The morning after, now what?
- Thread starter fund razor
- Start date
Ratickle
Founding Member / Super Moderator
Biden and the Dem dumbasses are on a roll! :banghead:
If there's a perfect word to sum up the first six months of 2022 for the investing community, I believe it's "Yuck!" As of the closing bell on June 30, 2022, the U.S. stock market delivered its worst first-half return in 52 years. The Motley Fool
If there's a perfect word to sum up the first six months of 2022 for the investing community, I believe it's "Yuck!" As of the closing bell on June 30, 2022, the U.S. stock market delivered its worst first-half return in 52 years. The Motley Fool
Ratickle
Founding Member / Super Moderator
Why the heck couldn't he do that for politicians? I'm sure that if politicians had to undergo recurrent training and medical exams, and if they could only continue to be able to legislate if they were deemed to be fit to do so, would be supported by the public overwhelmingly.
Republican South Carolina Senator Lindsey Graham is allegedly working on a rather sensible bill that would see the commercial airline pilot retirement age raised by two years, from 65 to 67. According to Airline Weekly, Graham is in the process of trying to build support for this legislation.
This would be the second time in recent years that the pilot retirement age is raised. Back in 2007, the commercial airline pilot retirement age in the United States was raised from 60 to 65.
This is logical and shouldn’t face much objection.
*Pilots have to undergo recurrent training and medical exams, and they’ll only continue to be able to fly if they’re deemed to be fit to do so
Republican South Carolina Senator Lindsey Graham is allegedly working on a rather sensible bill that would see the commercial airline pilot retirement age raised by two years, from 65 to 67. According to Airline Weekly, Graham is in the process of trying to build support for this legislation.
This would be the second time in recent years that the pilot retirement age is raised. Back in 2007, the commercial airline pilot retirement age in the United States was raised from 60 to 65.
This is logical and shouldn’t face much objection.
*Pilots have to undergo recurrent training and medical exams, and they’ll only continue to be able to fly if they’re deemed to be fit to do so
Ratickle
Founding Member / Super Moderator
The Dems are sure on a roll...... 
"Mortgage applications declined for the third week in a row, reaching the lowest level since 2000. Similarly, with most mortgage rates more than two percentage points higher than a year ago, demand for refinances continues to plummet, with MBA’s refinance index also falling to a 22-year low,"
The survey covered over 75% of all U.S. retail residential mortgage applications and has been conducted weekly since 1990.
They only have to get past another ten years to pass the record for every since they have been tracking the numbers.
"Mortgage applications declined for the third week in a row, reaching the lowest level since 2000. Similarly, with most mortgage rates more than two percentage points higher than a year ago, demand for refinances continues to plummet, with MBA’s refinance index also falling to a 22-year low,"
The survey covered over 75% of all U.S. retail residential mortgage applications and has been conducted weekly since 1990.
They only have to get past another ten years to pass the record for every since they have been tracking the numbers.
Ratickle
Founding Member / Super Moderator
Biden’s six favorite lies about inflation and the economy
1. Nobody making under four hundred thousand bucks will have their taxes raised. Period.
With the average worker wage and salary at roughly $60,000 per year (that’s a lot less than $400,000) this means a $2,400 per worker Biden inflation tax and as much as double that for families with husband and wife both working.
2. Inflation is worse everywhere but here.
It is hogwash. Inflation is lower in Australia, Canada, China, France, Germany, Italy, Japan, Switzerland, the United Kingdom, and many other countries.
3. The economy had stalled when I entered office.
The reality is that Biden was bequeathed an economy with robust growth coming out of the pandemic. In the second half of 2020, the economy grew more than $1.5 trillion at an annualized rate. The growth rate for the second half of 2020 even with COVID was almost 15 percent.
4. I am responsible for the strongest job creation economy in modern times.
Job growth under Trump from May 2020 to Jan 2021 averaged 1.4 million jobs per month, for a total of 12.5 million people returning to work. But under Biden, average job growth per month has been cut by more than half, down to 542,000 with 8.7 million people returning to work. That means Biden has added 31 percent fewer jobs in 16 months than Trump did in nine.
5. Since I took office, families are carrying less debt, their average savings are up.
The amount families are able to save each month has utterly collapsed, falling 74 percent since Biden took office, while the personal savings rate has plummeted from 19.9 percent to just 5.4 percent. Likewise, the claim about declining debt is equally untrue. Household debt has risen by $1.29 trillion in just the first 15 months of Biden’s presidency. Credit card debt, which decreased over $100 billion during the pandemic, is now exploding at the fastest rates on record as families run out of savings and fall into debt. Biden also ignores a stock market selloff that has evaporated some $10 trillion of Americans’ wealth and savings.
6. I’m doing everything I can to lower gas prices.
The folks at Institute for Energy Research have identified 100 separate Biden executive orders, regulations, and laws that have impeded oil and gas production and raised prices at the pump. These range from killing pipelines, to expanding EPA regulations on oil and gas drilling and refining, to taking hundreds of thousands of acres of prime oil and gas lands on public lands and in areas like the Gulf of Mexico off-limits for drilling. Economist Casey Mulligan of the University of Chicago estimates that these policies have reduced oil and gas drilling by 2 to 3 million barrels a day.
https://www.msn.com/en-us/news/poli...pc=U531&cvid=b894caf4b6434d39999b975e2afd42ec
1. Nobody making under four hundred thousand bucks will have their taxes raised. Period.
With the average worker wage and salary at roughly $60,000 per year (that’s a lot less than $400,000) this means a $2,400 per worker Biden inflation tax and as much as double that for families with husband and wife both working.
2. Inflation is worse everywhere but here.
It is hogwash. Inflation is lower in Australia, Canada, China, France, Germany, Italy, Japan, Switzerland, the United Kingdom, and many other countries.
3. The economy had stalled when I entered office.
The reality is that Biden was bequeathed an economy with robust growth coming out of the pandemic. In the second half of 2020, the economy grew more than $1.5 trillion at an annualized rate. The growth rate for the second half of 2020 even with COVID was almost 15 percent.
4. I am responsible for the strongest job creation economy in modern times.
Job growth under Trump from May 2020 to Jan 2021 averaged 1.4 million jobs per month, for a total of 12.5 million people returning to work. But under Biden, average job growth per month has been cut by more than half, down to 542,000 with 8.7 million people returning to work. That means Biden has added 31 percent fewer jobs in 16 months than Trump did in nine.
5. Since I took office, families are carrying less debt, their average savings are up.
The amount families are able to save each month has utterly collapsed, falling 74 percent since Biden took office, while the personal savings rate has plummeted from 19.9 percent to just 5.4 percent. Likewise, the claim about declining debt is equally untrue. Household debt has risen by $1.29 trillion in just the first 15 months of Biden’s presidency. Credit card debt, which decreased over $100 billion during the pandemic, is now exploding at the fastest rates on record as families run out of savings and fall into debt. Biden also ignores a stock market selloff that has evaporated some $10 trillion of Americans’ wealth and savings.
6. I’m doing everything I can to lower gas prices.
The folks at Institute for Energy Research have identified 100 separate Biden executive orders, regulations, and laws that have impeded oil and gas production and raised prices at the pump. These range from killing pipelines, to expanding EPA regulations on oil and gas drilling and refining, to taking hundreds of thousands of acres of prime oil and gas lands on public lands and in areas like the Gulf of Mexico off-limits for drilling. Economist Casey Mulligan of the University of Chicago estimates that these policies have reduced oil and gas drilling by 2 to 3 million barrels a day.
https://www.msn.com/en-us/news/poli...pc=U531&cvid=b894caf4b6434d39999b975e2afd42ec
Similar threads
