US US Politics General - Discussion of President Biden and other politicians

 

[TI-81]

Pay off whatever debt you can right now and start putting money aside, fix and repair what you have now, there's no incentive for anyone to fix anything until '24. Joepedo and everyone else would rather blame obstructionist GOP because they don't want more inflation, and McCarthy and McConnell will just give Joepedo 90% of what he wants instead of 100.

Informative but strong disagree paying off a mortgage loan unless you're talking about an ARM. Average person with a mortgage is paying between 3 and 4%. They're in a great spot to keep making their payment over the next 15-30 years and laughing at the bank. Stockpiling cash also isn't the best course heading into inflation, but I am not a financial consultant.

 

[CrippleThreat]

It's best to ignore what Mr. Krugman has to say.
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*and writes. Every time I see a Krugman article on RCP, I can only groan; the smug elitism emanates from the link itself.

 

[Hallucinogenic Penguin]

Lmao whoever said he was speed running Carter nailed it. Can’t wait for mid term political commercials, usually they bore the shut out of me. This year will be amazing.


Define “hit”. It’s already hit. If you mean when will housing prices decline, it’s up to your local market. Since everything is hot in normal places right now, let’s say 30-45 days for existing contracts with locked in rates to complete (assuming nobody is insane enough to be doing variable rates over the last year or so). So 60 days to 6 months to see inventory increase, and then people start to slow down.

If you’re in Florida then throw that shit to the window since that’s going to keep riding the cash buyers who don’t give a fuck.

It’ll be interesting since you could parallel today with a more pozzed out version of the 70’s with left wing terrorism, race riots, and a blunder fuck President tanking the economy. Could the mid 2020’s be a Neo-1980’s?

 

[LurkTrawl]

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Pay off whatever debt you can right now and start putting money aside, fix and repair what you have now, there's no incentive for anyone to fix anything until '24. Joepedo and everyone else would rather blame obstructionist GOP because they don't want more inflation, and McCarthy and McConnell will just give Joepedo 90% of what he wants instead of 100.

Well I think I just realized the reason TPTB in the U.S. are trying their damnedest to claw their way into WW3 with Russia...

 

[spinal gas chamber]

Informative but strong disagree paying off a mortgage loan unless you're talking about an ARM. Average person with a mortgage is paying between 3 and 4%. They're in a great spot to keep making their payment over the next 15-30 years and laughing at the bank. Stockpiling cash also isn't the best course heading into inflation, but I am not a financial consultant.

I know the strong disagree argument but we did it a while back anyway and knowing we own our place and that’s it is a nice psychological feeling.

We don’t owe shit to anyone and that feeling is liberating like you can’t understand unless you’ve done it.

It’ll be interesting since you could parallel today with a more pozzed out version of the 70’s with left wing terrorism, race riots, and a blunder fuck President tanking the economy. Could the mid 2020’s be a Neo-1980’s?

If we get 80s hair bands and metal back, this will all have been worth it. And NWA.

 

[Picnic_Boy]

I would like everyone who still thinks Biden is a good president to watch the Easter Bunny video, then look look into the eyes of a loved one and make excuses for him. Look into their eyes and lie, and know full well that they know you're lying.

 

[Mega Man II Intro - GB]

Could the mid 2020’s be a Neo-1980’s?

We're heading for conditions worse than the Great Depression. They're manufacturing energy shortages, food shortages, total supply chain breakdowns, phony wars, an invasion force of millions within our borders, and 1/3rd of the population still believes they're the good guys.

 

[Miller]

Do you guys think that the alleged picture of Biden naked near an underage black girl is real?

 

[Godzilla@1989]

We're heading for conditions worse than the Great Depression. They're manufacturing energy shortages, food shortages, total supply chain breakdowns, phony wars, an invasion force of millions within our borders, and 1/3rd of the population still believes they're the good guys.

I’m projecting that there’s going to be a housing market crash either next year or in 2024, as well as a collapse of our crappy healthcare system that Biden helped Obama fucked up back in 2010.

And the fact that Biden is disinterested in the inflation crisis is alarming.

 

[b0x]

Do you guys think that the alleged picture of Biden naked near an underage black girl is real?

You mean the Hunter Biden one? It was all over Twitter when the Biden Laptop story first broke

 

[Miller]

You mean the Hunter Biden one? It was all over Twitter when the Biden Laptop story first broke

No, a picture of Joe half-naked. Someone posted it on /pol/ and was claiming that it came from Hunter's laptop.

 

[Rome's rightful successor]

That's right. Not only is his admin STILL trying to sell people on Build Back Better, but in the wake of the economic havoc the sanctions on Russia has caused, the Brandon admin is responding with....even more sanctions.

What possibly exists in Russia that they haven't sanctioned yet?

 

[Vyse Inglebard]

If we get 80s hair bands and metal back, this will all have been worth it. And NWA.

And animated movies that aren't woke CalArts shit. Bring on the next Don Bluth, goddamn it!

Do you guys think that the alleged picture of Biden naked near an underage black girl is real?

No, a picture of Joe half-naked. Someone posted it on /pol/ and was claiming that it came from Hunter's laptop.

Good God, if real, it makes the appointment of Pedo-Apologist Judge Jackson make even more sense than it did before....

 

[The Last Stand]

The first year or two of presidencies are usually undoing things the previous administration did. But to scrap something that never even saw the light of day is a massive kind of reach. I'm curious to see what other Trump-era policies (or planned policies) will be trotted out and rescinded by the current administration in an attempt to gain some sort of popularity points back.

The Biden administration being rated consistently lower than Trump's must really stick in their craw.

Trump could've had a plan to eradicate world hunger and they'd throw it away due to racism.

 

[Puff]

Informative but strong disagree paying off a mortgage loan unless you're talking about an ARM. Average person with a mortgage is paying between 3 and 4%. They're in a great spot to keep making their payment over the next 15-30 years and laughing at the bank. Stockpiling cash also isn't the best course heading into inflation, but I am not a financial consultant.

I feel that. I have the feeling I'm about to get fucked for various reasons.
How hard do building materials crash when the housing market crashes?

 

[tehpope]

No, a picture of Joe half-naked. Someone posted it on /pol/ and was claiming that it came from Hunter's laptop.

Its apparently from some porno vid. Not Biden and the girl is a legal adult.

Spoiler

https://archive.ph/lMzLD

 

[Cuckoman]

How hard do building materials crash when the housing market crashes?

When housing market crash then new construction cedes.
This usually means that in the first wave construction companies are hit hard/are decimated since when their current contracts are finished there are no new contracts to get.
Later this ripples down to affect providers of building materials since when the companies are not building no one needs to buy building materials.

Not financial advice but the sequence is always :
1, housing market crashes
months later
2, construction companies will hurt real bad/go under
months later
3, building material providers will hurt real bad/go under

 

[LUNEKO]

Its apparently from some porno vid. Not Biden and the girl is a legal adult.

Spoiler

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https://archive.ph/lMzLD

That's fucking hilarious tho, i expect people to hire him to impersonate Biden for gafs

 

[Puff]

When housing market crash then new construction cedes.
This usually means that in the first wave construction companies are hit hard/are decimated since when their current contracts are finished there are no new contracts to get.
Later this ripples down to affect providers of building materials since when the companies are not building no one needs to buy building materials.

Not financial advice but the sequence is always :
1, housing market crashes
months later
2, construction companies will hurt real bad/go under
months later
3, building material providers will hurt real bad/go under

I'm looking particularly at hardwood stumpage and it didn't fall badly in 2008 (was already going down and maintained trajectory with a slight acceleration). I'd have thought it would fall hard.
Maybe it'll be a small hit. Maybe.

 

[XANA]

Biden approved an $800 million package for additional aid to Ukraine in the form of extra ammunition and support (eg: aircraft parts, howitzers). The military-industrial complex must be overjoyed.

He also decided to launch a $6 billion effort to support financially distressed nuclear power plants to prevent them from closing. While this is going to drive up inflation, I'm interested in seeing if he'll come out in full support of creating new nuclear power plants in the US, or if that topic is forbidden by virtue of alienating the majority of his fearful and generally misinformed [about nuclear power] supporters, while also shooting down his 2024 re-election attempts (or rather more so than he already has, anyway).