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The Most Fresh & Cordial Political Thread Ever

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Old 06-14-2022, 01:18 AM   #856
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Re: The Most Fresh & Cordial Political Thread Ever

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Originally Posted by Chico23231 View Post


“The Atlantic, STFU. Build back better was originally Drumpt idea which Biden was forced to try. Trumpette set up Biden to fail”

-G1, probably
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Old 06-14-2022, 10:50 AM   #857
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Re: The Most Fresh & Cordial Political Thread Ever

Found some pics of chico ,SD and Cheif X at a trump rally.

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Old 06-14-2022, 10:59 AM   #858
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Re: The Most Fresh & Cordial Political Thread Ever

chico's people.


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Old 06-14-2022, 11:25 AM   #859
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Re: The Most Fresh & Cordial Political Thread Ever

Here’s the problem we are facing short term in the economy now that the fed and the administration mishandled inflation and their energy policy:

American debt:

Last month, total consumer debt, which includes debt from credit cards, student loans and auto loans, went up $38 billion. In total, Americans now have $4.57 trillion in consumer debt, an all-time record.

The $38 billion increase was a 10.1% increase from March, so the situation is escalating quickly. When mortgage debt is added into the equation, American household debt sits at $15.8 trillion, which is also an all-time high.

Bottom Line: Americans have never been in more debt than they are now.

According to the Fed, Americans opened up 229 million new credit card accounts last quarter, which is higher than pre-pandemic levels.

Now the fed is raising interest rates fast as fuck:

And… because the Fed is raising interest rates in an attempt to slow down inflation, carrying a balance on a card month to month is going to start costing even more. For example, the average annual rate or APR on most credit cards is around 16% right now, but it’s expected to be 18% or 19% by the end of this year. That would be the highest rate in history.

As a result, Americans are saving less money each month. In April for example, the U.S. Savings rate fell to only 4.4%, the lowest mark since 2008.


Quite the problem
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Old 06-14-2022, 12:34 PM   #860
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Re: The Most Fresh & Cordial Political Thread Ever

Quote:
Originally Posted by Chico23231 View Post
Here’s the problem we are facing short term in the economy now that the fed and the administration mishandled inflation and their energy policy:

American debt:

Last month, total consumer debt, which includes debt from credit cards, student loans and auto loans, went up $38 billion. In total, Americans now have $4.57 trillion in consumer debt, an all-time record.

The $38 billion increase was a 10.1% increase from March, so the situation is escalating quickly. When mortgage debt is added into the equation, American household debt sits at $15.8 trillion, which is also an all-time high.

Bottom Line: Americans have never been in more debt than they are now.

According to the Fed, Americans opened up 229 million new credit card accounts last quarter, which is higher than pre-pandemic levels.

Now the fed is raising interest rates fast as fuck:

And… because the Fed is raising interest rates in an attempt to slow down inflation, carrying a balance on a card month to month is going to start costing even more. For example, the average annual rate or APR on most credit cards is around 16% right now, but it’s expected to be 18% or 19% by the end of this year. That would be the highest rate in history.

As a result, Americans are saving less money each month. In April for example, the U.S. Savings rate fell to only 4.4%, the lowest mark since 2008.


Quite the problem
Amazing how you didn't care about this while he who shall remain nameless was in Office.
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Old 06-14-2022, 09:14 PM   #861
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Re: The Most Fresh & Cordial Political Thread Ever

SD, first primary in SC? You are in Mace’s district correct?
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Old 06-14-2022, 09:27 PM   #862
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Re: The Most Fresh & Cordial Political Thread Ever

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SD, first primary in SC? You are in Mace’s district correct?
I assume so based on the amount of commercials I see with her or about her. But I don't even have a SC driver's license yet so I'm not voting in these primaries. Getting my license next week when my parents visit and bring my original birth certificate.
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Old 06-14-2022, 09:55 PM   #863
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Re: The Most Fresh & Cordial Political Thread Ever

Quote:
Originally Posted by Chico23231 View Post
Here’s the problem we are facing short term in the economy now that the fed and the administration mishandled inflation and their energy policy:

American debt:

Last month, total consumer debt, which includes debt from credit cards, student loans and auto loans, went up $38 billion. In total, Americans now have $4.57 trillion in consumer debt, an all-time record.

The $38 billion increase was a 10.1% increase from March, so the situation is escalating quickly. When mortgage debt is added into the equation, American household debt sits at $15.8 trillion, which is also an all-time high.

Bottom Line: Americans have never been in more debt than they are now.

According to the Fed, Americans opened up 229 million new credit card accounts last quarter, which is higher than pre-pandemic levels.

Now the fed is raising interest rates fast as fuck:

And… because the Fed is raising interest rates in an attempt to slow down inflation, carrying a balance on a card month to month is going to start costing even more. For example, the average annual rate or APR on most credit cards is around 16% right now, but it’s expected to be 18% or 19% by the end of this year. That would be the highest rate in history.

As a result, Americans are saving less money each month. In April for example, the U.S. Savings rate fell to only 4.4%, the lowest mark since 2008.


Quite the problem
Another problem around debt and interest rates is the government's debt. The Fed has kept rates near 0 for so long in order to make national debt maintenance more palatable. As interest rates spike, the debt maintenance on our debt will consumer more of the national budget, which can increase inflationary pressures.

All in all, this economy is in for some serious bruises. And political blame games only deflects from taking the steps necessary to minimize the pain.
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Old 06-14-2022, 11:56 PM   #864
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Re: The Most Fresh & Cordial Political Thread Ever

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Originally Posted by sdskinsfan2001 View Post
I assume so based on the amount of commercials I see with her or about her. But I don't even have a SC driver's license yet so I'm not voting in these primaries. Getting my license next week when my parents visit and bring my original birth certificate.
Glad to see she won. Unfortunately Rice lost in the 7th.
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Old 06-15-2022, 09:03 AM   #865
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Re: The Most Fresh & Cordial Political Thread Ever

Mayra Flores is a big win and shows the shifting Latino vote to the GOP
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Old 06-15-2022, 09:15 AM   #866
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Re: The Most Fresh & Cordial Political Thread Ever

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Originally Posted by CRedskinsRule View Post
Another problem around debt and interest rates is the government's debt. The Fed has kept rates near 0 for so long in order to make national debt maintenance more palatable. As interest rates spike, the debt maintenance on our debt will consumer more of the national budget, which can increase inflationary pressures.

All in all, this economy is in for some serious bruises. And political blame games only deflects from taking the steps necessary to minimize the pain.
Well political decisions produced a lot of these consequences.

Rand Paul has put another plan to balance the budget in 5 years, maybe we should start focusing on that, instead of trying to invoke new spending to the tune of 2-6 trillion?

A couple positive still holding up in the economy…retail spending, low unemployment and value in homes.
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Old 06-15-2022, 03:34 PM   #867
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Re: The Most Fresh & Cordial Political Thread Ever

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Originally Posted by Chico23231 View Post
Mayra Flores is a big win and shows the shifting Latino vote to the GOP
Great... Q has another wacko in office

The QAnon Caucus in Congress Just Got Bigger
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Old 06-15-2022, 03:45 PM   #868
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Re: The Most Fresh & Cordial Political Thread Ever

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Great... Q has another wacko in office

The QAnon Caucus in Congress Just Got Bigger
Welp, that didn't take long for the attacks to begin.

How racist and misogynistic. Am I doing that right?
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Old 06-15-2022, 03:51 PM   #869
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Re: The Most Fresh & Cordial Political Thread Ever

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Welp, that didn't take long for the attacks to begin.

How racist and misogynistic. Am I doing that right?
Attacks?
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Old 06-15-2022, 03:57 PM   #870
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Re: The Most Fresh & Cordial Political Thread Ever

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Welp, that didn't take long for the attacks to begin.

How racist and misogynistic. Am I doing that right?
She is also a white supremacist!

A democrat actually called EM a white supremacist for voting for her.

First Mexican born congresswoman. Seems special and more glass ceilings broken by the GOP…come on MTK, you can support that!


I would take Vice news with a grain of salt
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