Announcement

Collapse

Civics 101 Guidelines

Want to argue about politics? Healthcare reform? Taxes? Governments? You've come to the right place!

Try to keep it civil though. The rules still apply here.
See more
See less

A Bidentastic week and Trump's very bad one

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • A Bidentastic week and Trump's very bad one

    After Biden sleepwalked his way through 1.5 years of presidency, somehow a whole lot of wins for him have occurred in the last week or two, and a whole lot of losses for Trump. There's so many of each I thought a summary thread to aggregate them all is worth is.

    Positives for Biden / the Dems:
    • Al Qaeda leader killed.
    • Chips Act to help US manufacturing signed.
    • Inflation Reduction Act negotiated, containing a lot of climate-change stuff.
    • 500k jobs added in July.
    • Inflation was zero in July, on the back of continuously falling oil prices.

    Negatives for Trump:
    • FBI raid on Mar-a-Lago, reportedly searching for classified documents he inappropriately had. The FBI director and the judge who signed off on the warrant were both Trump appointees.
    • Trump testified in court and pled the 5th over 400 times in an ongoing investigation into insurance, bank and tax fraud by him, which his personal attorney Michael Cohen has publicly said he is guilty of. Trump has previously said only the mob and guilty people plead the 5th.
    • A judge ordered Trump's tax returns be turned over to the Democrats in congress investigating them.
    • The investigation into the fake-electors scheme in Georgia seems to closing in.
    • Pictures were released of documents ripped up and flushed down the toilet by Trump, confirming claims by multiple White House aides that Trump would regularly try to dispose of documents in this fashion in breach of legal requirements of presidential document preservation.
    Overall it's been a huge news week and the hits have just kept coming. There's been so many I've probably forgotten a couple from this list.

  • #2
    https://www.wsj.com/articles/us-infl...ex-11660077986

    The Labor Department on Wednesday said the consumer-price index, a measure of what consumers pay for goods and services, rose 8.5% in July from the same month a year earlier, down from 9.1% in June. June marked the fastest pace of inflation since November 1981.

    Comment


    • #3
      Originally posted by CivilDiscourse View Post
      https://www.wsj.com/articles/us-infl...ex-11660077986

      The Labor Department on Wednesday said the consumer-price index, a measure of what consumers pay for goods and services, rose 8.5% in July from the same month a year earlier, down from 9.1% in June. June marked the fastest pace of inflation since November 1981.
      ur mom said: https://tradingeconomics.com/united-...ation-rate-mom

      Comment


      • #4
        Originally posted by CivilDiscourse View Post
        https://www.wsj.com/articles/us-infl...ex-11660077986

        The Labor Department on Wednesday said the consumer-price index, a measure of what consumers pay for goods and services, rose 8.5% in July from the same month a year earlier, down from 9.1% in June. June marked the fastest pace of inflation since November 1981.
        You're (deliberately?) confusing the year leading up to July with the actual month of July.

        Comment


        • #5
          Originally posted by Starlight View Post
          You're (deliberately?) confusing the year leading up to July with the actual month of July.
          Or, I'm using the statistic that's been being referenced over and over for inflation this entire time, not the new, cherry picked one that Biden/you decided to use for spin.

          Comment


          • #6
            Originally posted by CivilDiscourse View Post

            Or, I'm using the statistic that's been being referenced over and over for inflation this entire time, not the new, cherry picked one that Biden/you decided to use for spin.
            Yup. Old Joe is now claiming that inflation is now at zero percent and the MSM has been lapping it up. Inflation slowed for the first time this year but it remains only 0.2% less than the highest CPI (8.7%) in 40 years.

            I'm always still in trouble again

            "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
            "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
            "Of course, human life begins at fertilization that’s not the argument." --Tassman

            Comment


            • #7
              Originally posted by CivilDiscourse View Post
              Or, I'm using the statistic that's been being referenced over and over for inflation this entire time, not the new, cherry picked one that Biden/you decided to use for spin.
              The American media has a stupid habit of annualizing quarterly GDP growth and annualizing monthly inflation which makes both extremely misleading. I try and avoid misleading statistics wherever possible.

              In the month of July there was zero inflation. i.e. in July, on average, prices didn't increase, they remained the same from the start of the month to the end of the month.

              There were months before July. In those months, prices rose. In July they didn't. If you sum the inflation across the last 12 months, they add to 8.5%. But July itself is adding 0% to that total.

              Hopefully everyone can understand the difference between 1 month and 12 months. And so everyone can understand that inflation being zero in July doesn't mean that there wasn't inflation in the previous 11 months.

              This thread was about news out this week (not news that was months old) and inflation in July had just been calculated and found to be zero and that figure was released this week. Everyone already knew inflation had been high months ago, so that wasn't new this week.

              Comment


              • #8
                Originally posted by CivilDiscourse View Post
                https://www.wsj.com/articles/us-infl...ex-11660077986

                The Labor Department on Wednesday said the consumer-price index, a measure of what consumers pay for goods and services, rose 8.5% in July from the same month a year earlier, down from 9.1% in June. June marked the fastest pace of inflation since November 1981.
                And that's just the year to year measurement. If we look at the overall rate of inflation from the time Joe has occupied the White House, it's in the neighborhood of 30% (or higher).
                Some may call me foolish, and some may call me odd
                But I'd rather be a fool in the eyes of man
                Than a fool in the eyes of God


                From "Fools Gold" by Petra

                Comment


                • #9
                  Originally posted by Starlight View Post
                  The American media has a stupid habit of annualizing quarterly GDP growth and annualizing monthly inflation which makes both extremely misleading. I try and avoid misleading statistics wherever possible.

                  In the month of July there was zero inflation. i.e. in July, on average, prices didn't increase, they remained the same from the start of the month to the end of the month.

                  There were months before July. In those months, prices rose. In July they didn't. If you sum the inflation across the last 12 months, they add to 8.5%. But July itself is adding 0% to that total.

                  Hopefully everyone can understand the difference between 1 month and 12 months. And so everyone can understand that inflation being zero in July doesn't mean that there wasn't inflation in the previous 11 months.

                  This thread was about news out this week (not news that was months old) and inflation in July had just been calculated and found to be zero and that figure was released this week. Everyone already knew inflation had been high months ago, so that wasn't new this week.
                  I completely understand that Biden (and you) would choose to focus on whichever number makes the best spin.

                  Comment


                  • #10
                    Personally I'm waiting for all those who thought old Joe was going to cancel their student debt to realize they just got their taxes raised instead.

                    I'm always still in trouble again

                    "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                    "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
                    "Of course, human life begins at fertilization that’s not the argument." --Tassman

                    Comment


                    • #11
                      Originally posted by rogue06 View Post
                      Personally I'm waiting for all those who thought old Joe was going to cancel their student debt to realize they just got their taxes raised instead.
                      Along with the addition of tens of thousands of new IRS agents to "recover" taxes from hard-working US citizens. Of course Joe pinky swears that they won't be going after anybody making less than $400,000 a year, but statistically, 90% of those audited by the IRS each year earn less than $400,000.

                      Oh, and this new army of IRS agents? They will be armed and authorized to use deadly force.

                      https://www.breitbart.com/politics/2...-deadly-force/
                      Some may call me foolish, and some may call me odd
                      But I'd rather be a fool in the eyes of man
                      Than a fool in the eyes of God


                      From "Fools Gold" by Petra

                      Comment


                      • #12
                        Originally posted by Mountain Man View Post

                        Along with the addition of tens of thousands of new IRS agents to "recover" taxes from hard-working US citizens. Of course Joe pinky swears that they won't be going after anybody making less than $400,000 a year, but statistically, 90% of those audited by the IRS each year earn less than $400,000.

                        Oh, and this new army of IRS agents? They will be armed and authorized to use deadly force.

                        https://www.breitbart.com/politics/2...-deadly-force/
                        defund 2022.jpg
                        The House controls the purse strings. When the Republicans take back control there is one
                        place where defunding law enforcement would be needed. No money for new IRS agents.

                        I'm always still in trouble again

                        "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                        "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
                        "Of course, human life begins at fertilization that’s not the argument." --Tassman

                        Comment


                        • #13
                          Originally posted by CivilDiscourse View Post

                          I completely understand that Biden (and you) would choose to focus on whichever number makes the best spin.
                          It should be interested in seeing how the gang that tried to gaslight us with spending hundreds of billions of dollars and proclaiming that it won't cost us anything (it's already paid for) explain an actual overall drop in inflation.

                          I'm always still in trouble again

                          "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                          "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
                          "Of course, human life begins at fertilization that’s not the argument." --Tassman

                          Comment


                          • #14
                            Originally posted by rogue06 View Post
                            It should be interested in seeing how the gang that tried to gaslight us with spending hundreds of billions of dollars and proclaiming that it won't cost us anything (it's already paid for) explain an actual overall drop in inflation.
                            It's funny, economists trying to explain how it's going to fight inflation have had to struggle. "It's a medium term measure. It's impacts aren't next month, but 2023/2024 time frame. It's puts downward pressure on inflation..."

                            Comment


                            • #15
                              Originally posted by rogue06 View Post
                              defund 2022.jpg
                              The House controls the purse strings. When the Republicans take back control there is one
                              place where defunding law enforcement would be needed. No money for new IRS agents.
                              Some Democrats are using the "If you're innocent, then you have nothing to worry about" rationalization. Another one I've heard is that we should be happy about a more ruthlessly efficient IRS because they will be able to force everybody to pay their "fair share".
                              Some may call me foolish, and some may call me odd
                              But I'd rather be a fool in the eyes of man
                              Than a fool in the eyes of God


                              From "Fools Gold" by Petra

                              Comment

                              Related Threads

                              Collapse

                              Topics Statistics Last Post
                              Started by CivilDiscourse, Today, 12:11 PM
                              3 responses
                              29 views
                              0 likes
                              Last Post Cow Poke  
                              Started by rogue06, Today, 08:07 AM
                              3 responses
                              25 views
                              0 likes
                              Last Post Sparko
                              by Sparko
                               
                              Started by Gondwanaland, Yesterday, 07:38 PM
                              23 responses
                              106 views
                              0 likes
                              Last Post mossrose  
                              Started by rogue06, Yesterday, 10:36 AM
                              21 responses
                              87 views
                              0 likes
                              Last Post rogue06
                              by rogue06
                               
                              Started by seer, Yesterday, 07:02 AM
                              13 responses
                              51 views
                              1 like
                              Last Post seer
                              by seer
                               
                              Working...
                              X