The Economic News Is All Bad, And The
American Public Knows It
Issues & Insights,
by
S.T. Karnick
Original Article
Posted By: RockyTCB,
8/29/2022 9:29:56 AM
Reporters and analysts are getting used to describing news about the U.S. economy as “mixed.” The public, however, knows it’s all bad, because the results of President Joe Biden’s economic and energy policies are hitting Americans right in their pocketbooks.
The latest ostensibly good news was Thursday’s Bureau of Economic Analysis report that the second quarter decline in U.S. gross domestic product was a little less than previously stated: -0.6% instead of -0.9%. That’s good only if your definition of success is slightly slower failure.
The reality is that the U.S. economy is in serious decline and getting worse.
Reply 1 - Posted by:
3XALADY 8/29/2022 9:41:16 AM (No. 1262309)
My monthly investment income is down 20% for the year. Car insurance up 20%. Electric budget billing up 20%. AT&T phone insurance up $16/month. That's just the ones I've received so far. Apartment lease up next month, don't know what to expect there. Food - never ending increases. Fixed income here.
19 people like this.
Reply 2 - Posted by:
sanspeur 8/29/2022 9:47:18 AM (No. 1262316)
and this Wall St Journal knock off helped place the current occupier in The WH..Now they can enjoy the pain they seem to have wanted . foolish thoughtless journos
7 people like this.
Reply 3 - Posted by:
qr4j 8/29/2022 9:57:21 AM (No. 1262323)
Re energy policy: What I have yet to be told is how wind and solar are going to replace traditional means of generating electricity. Other issues I have yet to be told of are:
1. How are we going to charge all these electric vehicles Biden wants us to buy and drive?
2. Where is the infrastructure for charging all these electric vehicles?
3. How can the average-income American, not to mention the low-income American, afford to buy one of these vehicles?
4. How does one go on long trips with one of these EVs?
The magic in Harry Potter movies makes more sense to me. At least, I knew I was watching fiction; there was no agenda to make me think otherwise. Biden and his Lefty pals act as if they can make things so just by using the strokes of a magic pen. And they expect us to think this isn't fiction.
9 people like this.
I took the fam to Waffle House for breakfast yesterday. The bill really drove home how much bidinflation is biting. The bill for the 3 of us was at least $10 more than it would have been a year ago.
Let's go Brandon, squared!!
7 people like this.
Reply 5 - Posted by:
Maggie2u 8/29/2022 10:11:17 AM (No. 1262342)
Pretty good article except for one point, the 'rats aren't doing this to get votes, they're doing all this destruction to bring the U.S. down.
17 people like this.
Reply 6 - Posted by:
NorthernDog 8/29/2022 10:27:04 AM (No. 1262364)
The government is screwing up the marketplace in just about every sector. With the higher interest rates home sales have suddenly dropped sharply. That's actually increasing apartment rental costs because of the larger demand and lack of supply. Some people are trapped - can't afford a house and the rent is eating up money they would use to save for a down payment.
5 people like this.
Reply 7 - Posted by:
FJB 8/29/2022 10:36:10 AM (No. 1262373)
So-called "Americans" stupid enough to have voted for Traitor Jobama should welcome these results. It's called getting what you paid for.
11 people like this.
Reply 8 - Posted by:
jalo1951 8/29/2022 10:37:15 AM (No. 1262377)
I spent this past weekend reorganizing my preps. Seeing exactly what I had, seeing what holes needed to be plugged and what else should I be purchasing. I've always had a small prep for emergencies such as winter weather but now I do it for the benefit of my family if and when SHTF. Paying attention to upcoming food shortages, current farm projections of crops and trying to find some kind of price that isn't totally outrageous. Stocking up on OTC meds and personal items and cleaning products. Never in my life did I dream that Bernie just might get his dream of opening government bread and cheese lines. I am cooking spaghetti sauce to make a pasta casserole tonight. I am using the evil combination of beef and pork, not crickets and mealworms. They want us in a dark, cold house being thankful for bugs to eat and government bread and walking not riding. They are sending us down a rat hole to hell and are happy about it. This is their doing, all of it, and it is on purpose.
17 people like this.
Reply 9 - Posted by:
mc squared 8/29/2022 10:56:20 AM (No. 1262385)
Joe was taking credit last week for the 'lower' gas prices, although still 50% higher than during DJT's administration. Back up this week, but not as high as this past spring. Is he taking credit for that too?
5 people like this.
Reply 10 - Posted by:
bigfatslob 8/29/2022 12:04:36 PM (No. 1262458)
This is no longer under the guise of helping it's now the total destruction of America they hate and the Obama's hate. There are no votes to had from all the illegals or youths with debt forgiveness the democrats will forever count on Dominion machines and paper mail in ballots while republicans do nothing about any of it. Where will it end and what expense will be tossed by people just to survive. On a fixed income we have discussed just that.
3 people like this.
Reply 11 - Posted by:
udanja99 8/29/2022 12:47:20 PM (No. 1262515)
#3, the answer to all of your questions is that we are not supposed to be able to do any of those things. The left wants us to use only public transportation, walk or bicycle as part of their green (socialism) agenda and this is the way they force it on us.
3 people like this.
Reply 12 - Posted by:
moebellini3 8/29/2022 3:01:13 PM (No. 1262614)
You wanna fix the economy. DRILL, DRILL and DRILL some more. Are we all that freakin stupid. This started with Biden and will end when all scum democrats are thrown out of office. Look at Germany and all of the other ignorant green energy countries. All freezing and starving. Climate change, a total hoax that's taking us back to the dark ages. What do you want to do, save the planet so you can live like a freakin caveman. Do you see the elites giving up their private planes, yachts and SUV's. Hello no. Wake up already.
4 people like this.
Reply 13 - Posted by:
Trump'sCousin 8/29/2022 4:26:10 PM (No. 1262664)
It's Last Rights for America.
This us intentional and we will NEVER recover from it.
If I saw a democrap/Rino known to me lying in the street injured, is kick them in the head, spit on them and walk away.
If you haven't done everything to root those devil's out of your life you're part if the problem. They are cancer.
3 people like this.
Reply 14 - Posted by:
Trump'sCousin 8/29/2022 4:33:50 PM (No. 1262666)
I'm reminded of the films from the liberation of Paris after WW2.
The beating and killing of traitors who sympathized with the Nazis.
I believe I will live to see it.
I pray that I do.
It's what keeps me going.
It should be what keeps you going to.
If you haven't figured out they are lower than whale dung you ain't very bright.
3 people like this.
Reply 15 - Posted by:
DrOstrow 8/30/2022 3:07:32 PM (No. 1263442)
Well, let's see #3 -
1) you will NOT be able to charge them frequently enough to make them marginally practical !
2) it doesn't exist and won't for years if ever - the infrastructure is is useless without
generating capacity which also does not exist and takes much longer and costs much more
than the lines and 'charging stations' !
3) Most won't be able to buy one of these glorified golf carts so they can use mass transit or walk !
Part of the plan - control mobility of the unwashed masses - the elite will still have their jets etc. !
4) you don't. period. refer to item 3 goals !
To any and all of those who think that all of this is all by chance and happenstance - I still can make
you a great deal on that bridge I own !
0 people like this.
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