Politics It's the economy, stupid! Gas, healthcare, & chickens!

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Employers added 114,000 net July jobs, the lowest level since 12/20 except for the 108,000 three months ago. May and June were revised down by 29,000 and wage growth slowed to 3.6%, barely ahead of inflation, the weakest reading since 5/21. The unemployment rate rose to 4.3%, the highest rate since 10/21. It’s now risen enough to trigger the Sahm Rule which has correctly forecasted every recession since 1970.
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They may have lost control of the soft landing as Joe handed the yoke over to Kamala. The post covid economy has defied normal analysts expectations though. Markets are up this morning, but some uncertainty remains? I feel an emergency rate cut coming. We've all been hoping for a cut for a while now. Two before the election would be nice.
 
Shaboid said:
They may have lost control of the soft landing as Joe handed the yoke over to Kamala. The post covid economy has defied normal analysts expectations though. Markets are up this morning, but some uncertainty remains? I feel an emergency rate cut coming. We've all been hoping for a cut for a while now. Two before the election would be nice.
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Yeah I'm kind of wondering if this is what we were waiting for before doing the rate cuts.

Keep it going as long as possible without rate cuts... That way you have them in your back pocket in case you need them.
 
Phatguysrule said:
Yeah I'm kind of wondering if this is what we were waiting for before doing the rate cuts.

Keep it going as long as possible without rate cuts... That way you have them in your back pocket in case you need them.
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Yeah, I should have said 'expecting' a rate cut, not 'hoping' for one.
 
Remember last week when the market went down bigly for like a 2 day period and Trump and the right was saying we’re spiraling into a depression like we’ve never seen before?

Within a week all those losses have been regained and it’s crickets about it on the right…

That party as a whole just uses fear as its platform.
 
jonnyboy said:
Do you not pay any attention to politics? Serious question.
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probably too much attention.

If you’re trying insinuate the book banning, trans obsessed, abortion zealots that are on the Trump sinking ship don’t base their culture conflicts based off fear than you’re delusional.

Every single rally Trump goes on and on about how Harris is part of the radical left. Even though she’s more moderate than anything.

If you followed politics closely you’d realize this current Republican Party is far from what it was just 10 years ago. When their ideals were less government and fiscal conservatism.

I’d argue the Trump party is more government than today’s Democrats.

I know you’ll counter point with saying something about Project 2025 is fear mongering. It’s a 900 page manifesto that JD Vance wrote the forward for. It’s way more real than Trump saying silly shit like Harris starting the next Great Depression.
 
MickZagger said:
probably too much attention.

If you’re trying insinuate the book banning, trans obsessed, abortion zealots that are on the Trump sinking ship don’t base their culture conflicts based off fear than you’re delusional.

Every single rally Trump goes on and on about how Harris is part of the radical left. Even though she’s more moderate than anything.

If you followed politics closely you’d realize this current Republican Party is far from what it was just 10 years ago. When their ideals were less government and fiscal conservatism.

I’d argue the Trump party is more government than today’s Democrats.

I know you’ll counter point with saying something about Project 2025 is fear mongering. It’s a 900 page manifesto that JD Vance wrote the forward for. It’s way more real than Trump saying silly shit like Harris starting the next Great Depression.
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You took a staple, if not *THE* staple, of American political policy and presented it as if only one side engages in it. It’s not really the case. Getting tricked into two-party cheerleading is futile, there aren’t any meaningful differences between the two sides. You’re being handed social issues to bicker over while the country is being looted.
 
MickZagger said:
Weird that Massachusetts is ranked the best. It’s the most Democratic state in the union.
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How did you come up with this faulty info?

The present governor, since last year, is a democrat. But.

5 of the last 7 governors were republicans..
 
oldfisherman said:
How did you come up with this faulty info?

The present governor, since last year, is a democrat. But.

5 of the last 7 governors were republicans..
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This is a current poll by Wallet hub.

The margin of which people vote democrat is my criteria.
 
Besides Trump & the Saudi's, is anyone else out there not loving these continued much cheaper gas prices Joe orchestrated? Thats had a whole lot to do with why inflation has slowed to whats thought by economists to be ideal rates again

STOMP
 
STOMP said:
Besides Trump & the Saudi's, is anyone else out there not loving these continued much cheaper gas prices Joe orchestrated? Thats had a whole lot to do with why inflation has slowed to whats thought by economists to be ideal rates again

STOMP
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“The president doesn’t affect gas prices”

-S2 forum members when gas is $5
 
jonnyboy said:
“The president doesn’t affect gas prices”

-S2 forum members when gas is $5
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Well I guess that answers my question. I’ve a wild guess where you get your “news”

Biden’s administration made a very bold move with the sale of the country’s strategic reserves which obviously had a dramatic effect on the prices at the pump. Feel free to use google and find out for yourself what happened.

STOMP
 
STOMP said:
Besides Trump & the Saudi's, is anyone else out there not loving these continued much cheaper gas prices Joe orchestrated? Thats had a whole lot to do with why inflation has slowed to whats thought by economists to be ideal rates again

STOMP
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Much cheaper gas prices? I haven't noticed much change at all.
 
BoBoBREWSKI said:
Much cheaper gas prices? I haven't noticed much change at all.
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STOMP said:
Well I guess that answers my question. I’ve a wild guess where you get your “news”

Biden’s administration made a very bold move with the sale of the country’s strategic reserves which obviously had a dramatic effect on the prices at the pump. Feel free to use google and find out for yourself what happened.

STOMP
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There’s no improvement lol. They’ve actually gone up a little bit. All the states i travel to i’ve seen an increase from high $2’s low $3’s up to mid $3’s. Nothing significant, definitely not down though.
 
jonnyboy said:
There’s no improvement lol. They’ve actually gone up a little bit. All the states i travel to i’ve seen an increase from high $2’s low $3’s up to mid $3’s. Nothing significant, definitely not down though.
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Depends on what time frame you're looking at. Down since May, up since January, down from a year ago.

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jonnyboy said:
There’s no improvement lol. They’ve actually gone up a little bit. All the states i travel to i’ve seen an increase from high $2’s low $3’s up to mid $3’s. Nothing significant, definitely not down though.
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Don't worry. Uncle Joe will have gas down below $3/gallon by Election Day. It might be back up by Inauguration Day but Trump will be in the rear view mirror and only those weird, grumpy Republicans will notice the sleight of hand.......
 
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