Today In Biden Land

[NoSavingByTheBell]

Food for thought

https://youtube.com/shorts/7Av6y-uVc...t87vBrAYNma8Gj

[NoSavingByTheBell]

https://youtube.com/shorts/EXSGGtgzO...h6R5ubwJNaxXdK

[NoSavingByTheBell]

Ready for another round?

https://madmaxworld.tv/watch?id=64ef...247075b9ea3b1b

[Kirkland Laing]

The New York Fed's inflation gauge that attempts to capture the underlying trend of inflation, called the "multivariate core trend," fell to less than 2.8% in July (June was revised down to 2.8% from 2.9%) This is the lowest reading since January 2021

https://twitter.com/NickTimiraos/sta...36065292914969

This is close to the Fed's two percent target. Central banks all target two percent inflation as it allows stable economic growth at that level. Since the 2000s it's been stuck at one point something or less. Not even huge increased government spending coupled with tax cuts coupled with super low interest rates during the Trump years managed to get it above two percent. The pandemic changed that but it's subsided nicely since then.

[NoSavingByTheBell]

It's a complete joke because they don't count food or rent, the two most important things to most regular people

[Kirkland Laing]

It's a complete joke because they don't count food or rent, the two most important things to most regular people

It does in fact include rents which are down about one percent over the past year.

What it doesn't include are food and energy prices which are volatile and governed by things that aren't affected by government policy, monetary policy and interest rates so they're left out and they're left out under every president or administration to give the financial industry and the Fed and the Treasury, the people who really matter, accurate information on inflation and its sources.


What do you think might happen to inflation in America should an authoritarian government take power? These kind of right wing governments don't have the best track record as far as inflation goes. Triple digits is actually on the good side of average outcomes. Add on there's never been an economy in the world ever that is so geared to rule of law, limited government interference, freedom of movement and so on and all of these things would be swept away by such a government causing significant inflationary pressures. What do you see as the positives from such a government that would outweigh the various negative effects it would have?

[TitoFan]

I'm not into the Prediction Thread, but I'll make one here.

Hunter Biden will help get Trump re-elected in 2024.

Hunter FUCKING Biden.

Yes... bring on all the graphs that show why I'm wrong. Fact of the matter is Hunter has LONG been a HUGE liability to Joe, whether people want to accept it or not.

From the strictly human standpoint, you gotta feel for Joe Biden. He's had a tragic personal life, which included the fatal accident that killed his first wife and his daughter. His oldest son died in 2015 from brain cancer. No one should have to go through such tragedies.

But Hunter has done his father no favors. If nothing else, be considerate of your father's positions in politics, damn it. Hunter has... to put it mega-mildly, placed his father between a rock and a hard place. He's Joe's lone surviving son... and realistically it must be difficult navigating Hunter's wrongdoings while campaigning for re-election. All of us can say how we would handle it... but none of us has ever had to walk in Joe's shoes.

Still, reality is what it is. Joe Biden has two huge liabilities. His fucking son... and his age.

Meanwhile... in the GOP circus tent full of wannabes and spineless flip-floppers... there is NO ONE who will realistically challenge Trump.

So we're fucked.

The only thing that can stop a Trump re-election in 2024 is jail... and so far I'm less than optimistic that is actually going to happen.

And once Trump is re-elected you can only guess what's gonna happen to free elections, right?