Bidens approval at all time low in Quinnipiac poll
 

But January 6!!!!!!!!!!

It’s all Putin’s fault!!!



https://www.cnbc.com/2022/07/20/pres...blic-poll.html

Inflation is the #1 concern for Americans, but when I made that statement a few weeks ago, I was supporting seditious acts by the brain trust here, because I wasn’t Sky-Screaming about January 6th 24x7.

Go figure :huh:
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The sky is falling

The number of people employed full-time hit an all-time record in May 2022, 132.8 million people.
Americans became the richest ever in Q4 '21, after big stock and housing booms. Real means adjusted for inflation. This is $14 trillion richer than the pre-pandemic peak, an increase of about $107,000 per household on average. The bottom 50% have record wealth too.
Real GDP, the key measure of the size of the economy in terms of income and production, regained the pre-pandemic peak in Q2 '21 and reached the all-time record in Q4'21 at $19.8 trillion. Despite the small drop in Q1 '22, GDP remains 2.8% larger than the pre-pandemic peak.
Corporate profits reached an all-time record in Q1 '22, at $2.74 trillion annualized, up about 30% vs. pre-pandemic. Don't ever say Democrats are bad for business!
Thanks to the Biden Rescue Act, real disposable personal income hit an all-time record in March '21 of $19.1 trillion. This is how much income people have to spend after taxes, annualized. At $15.1 trillion, it's still just above the pre-pandemic peak.
Federal budget deficit in fiscal year 2022 is running 80% lower than prior year, and 43% below the pre-pandemic level (2019). This is record deficit reduction and the main way the Biden Admin is fighting inflation by slowing the economy.
There is record job opportunity, with nearly 2 open jobs per unemployed person as of April '22 (latest data). This is a great time to switch jobs, with a nearly 14% increase in wages since Feb '20 pre-pandemic.
Perhaps the most important measure of economic health, the unemployment rate of 3.6% is just 0.1% from the 50-year low and at or below about 93% of our history back to 1948. Latino and Asian unemployment rates are below the pre-pandemic level.
Job creation rate of 542,000 per month since January 2021 (8.7 milllion total) is a presidential record. About 96% of the jobs lost due to the pandemic have been recovered.
Robust job growth, low unemployment, and record wealth do not a recession make. Federal Reserve Bank of NY estimates about 4% chance of recession in next year, assuming Fed doesn't overdo it on interest rate hikes.
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We always suspected you were a secret seditionist.

Almost everybody is poorer than they were a year ago (in terms of purchasing power), because your rant ignored inflation, which unfortunately, is what people care about.

"unemployment rates are below the pre-pandemic level."

That's false, unless you believe that 3.5 is lower than 3.4.

It’s amazing that you in your infinite knowledge can speak for “everyone”, that’s like a super power.

so you deny that 9.1% inflation makes most people poorer than they were? you think most people got a raise larger then 9.1% this year?

Do you even understand what you’re disagreeing with? you’re denying that 9.1% inflation reduces purchasing power for most americans? by what possible
logic would you deny that?
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Funny I only voted for Biden to rid our nation of a seditious scumbag .

But also smart enough to see inflation is a global crisis kinda of like Climate change .. but for the gullible gop faithful inflation is one man’s fault and climate change is a hoax like everything else
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you blamed covid on Trump. Was covid not a global thing?
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He just doesn’t know what he’s talking about. Jim’s home state which he deplores as a #^&#^&#^&#^&hole has a reserve fund 2.5 x the national average and an educational system second only to MA. Do you know one of the big reasons people are moving to Florida? Retirees who don’t want city living are heading there and their families are following them to stay close. Many blue states are seeing a lot of movement inward also.

I seriously don’t believe for one second he’s an actuarial.

(1) explain to us how i’m wrong, when i say that 9.1% inflation doesn’t make
most americans poorer, in terms of purchasing power

(2) any measure of CT’s economic health that excludes our long term debt ( tens of thousands of dollars for every human being in the state) is like judging the maiden voyage of the a titanic and excluding the iceberg.

make that wrong.
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here, the Yankee institute estimates that CTs unfunded debt is $62,500 for every taxpayer. Meaning, to fund the debt, a family of 4 must pay the state $250,000, in addition to our current taxes.

Tell me how that’s not indicative of a horribly, horribly run state.

High taxes are bad. Massive debt is bad. Having both at the same
time, is next- generation incompetence.

Why are those retirees moving to FL in big numbers? Why not to southern CA?

“actuarial” is an adjective. I’m an actuary.


you sure got me on the ropes.



https://yankeeinstitute.org/2021/09/...ing-to-report/

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CT imposed very high taxes on people
with very high incomes, meaning they had a ton of money. They spent all
that.

Then they took billions and billions from
the casinos. And they spent all
that.

Then they borrowed $62,500 for every single taxpayer in the state, and they spent all that.

And what do we have to show for all that spending? a state that often is among the nations leaders in population exodus. An awful state to do business in,,an awful state to retire to unless you’re rich. Public universities cost way more than most states. our cities are dangerous and gross. our roads and bridges are dilapidated.
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Debt per capita for the 10 highest from an organization not funded by the Kochs

Massachusetts ($11,130.02)
Connecticut ($10,927.73)
Rhode Island ($8,406.29)
Alaska ($8,215.89)
New Jersey ($7,426.04)
New York ($7,243.07)
Hawaii ($6,888.93)
Vermont ($5,623.79)
New Hampshire ($5,614.61)
Illinois ($4,938.57)
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you need two full time jobs in the biden economy...

the wildly successful blue city of providence in the wildly successful blue state of rhode island just borrowed half a billion to sure up it's wildly well managed pension fund...


https://turnto10.com/i-team/on-your-...s-pension-fund

PROVIDENCE — Just days before Gov. Gina Raimondo's nomination to a Cabinet post in Washington, the state pension fund ended a long-expired $5-million, 10-year investment in a venture-capital firm that Raimondo co-founded.

The state is now out. The City of Providence is still in.

It is not yet clear why the state, and not the city, was able to extricate itself from Point Judith Capital after paying the firm $1,134,375 in management fees only and logging an average annual return of 5.11%.

Guess which "color" states fund the opposite "color" states? Should be an easy one.

The findings are clear: New York’s residents and businesses — which consistently send more revenue to the Federal government than any other state — continue to contribute more in taxes than the state receives back in Federal spending. Key findings from this year’s report include:

+ Preliminary analysis of 2017 data indicates that at -$35.6 billion, New York’s overall balance of payments remains the least favorable of any state in the nation. New York maintains its rank from 2016 (-$38.6 billion).

+ New York’s shortfall in 2017 is nearly as large as that of second-ranked New Jersey (-$21.3 billion) and third-ranked Massachusetts (-$16.1 billion) combined. Connecticut and Illinois round out the list of the states with the least favorable balances.

+ The state’s per capita balance of payments, -$1,792, continues to rank the state as one of the least favorable in the nation. New York’s negative per capita balance of payments is less than all but three other states. This is only a very slight improvement over 2016, when New York ranked the third to last with a per capita measurement of -$1,946.

+ New Yorkers’ per capita difference between payments made to the Federal government and spending grew slightly to $3,717 more than the national average in 2017 of a positive $1,925.

+ Since 2016, the US per capita balance of payment gap has grown by $202, reflecting an increase in Federal spending relative to tax revenue. New York has seen an improvement of $155.

+ While New York’s balance of payments has improved, it has not kept pace with the national average. New York’s shortfall compared to the national average continues to expand.

https://rockinst.org/wp-content/uplo...f-Payments.pdf

you have a very odd obsession with this....

You have a strange compulsion with being snarky. It is not a good look.

it was just an observation....

such a sensitive snowflake...

Why would I be sensitive? I usually just ignore you as you really don't add anything here other than make personal comments about posters.

snarl is only acceptable when you do it. must be nice.
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I don't insult anyone first and usually ignore your insults. I know you can't help it with all your anger.

right right. you’re as innocent as a newborn kitten.

say, when can you tell me what services, exactly, the average person gets provided by the state of CT that they wouldn’t get in NH?

You said there were such services. So you should be able to list them without doing any research, otherwise you made that statement up. Right?
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paul insults entire populations and then pats himself on the back for doing so because he's a better person... and tells you that you are angry :rotf2:

at some point Brandon will have nowhere left to go but up :bl:



July 21, 2022

Another astonishingly abysmal poll for Biden, this time in Iowa, where he is at 27 approve and 67 disapprove, and only 23 percent of people say they want him to run again.

Maybe you can comment on all the stats that pete and I posted about blue vs red states. GDP per capital, the reduced ability to reach the top tiers when you are at the bottom tier in a red state vs a blue state, the income transfer via tax from blue states to red states, etc.

see snarky, snarky. You can't help yourself. Such a bad look.

i don’t deny that wealthy people
prefer blue states. they can afford it. there is t a stat or question you can post that rattles me, i don’t claim
my side is perfect. that’s what you all claim, not me.

why are people fleeing blue states for red states?
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a number of reason. Their politics align better w/other states, weather, family, tax, etc.

you can’t criticize your side or praise the other side. never.

if it’s weather, why aren’t they moving to southern CA Paul?

waiting for you to tell me what i get in CT that i wouldn’t get in NH?
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Why are we talking about New Hampshire now? I don't know enough about New Hampshire to answer your question. Maybe you could answer this question why does it seem the majority of red States do so much worse than the majority of blue States on almost every economic and social question?
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"Why are we talking about New Hampshire now?"

It's one example of a state that has super low taxes, yet productive people are moving there in huge numbers. MAYBE there is something other states can learn from, about how they pulled that off. I think it's impressive when a state can cost a lot less than other states, yet still offer a quality of life good enough, that people want to live there. I think it's worth discussing. It's telling that none of you wants to spend one syllable on that conversation.

"why does it seem the majority of red States do so much worse than the majority of blue States on almost every economic and social question?"

Sure, even though you dodge my questions, I'll answer yours. Rich people tend to live in blue states, and they drive up certain metrics. That doesn't mean that the state is the reason behind it.

CT has very high average incomes. I think that has very little to do with anything the state does, and has everything to do with the fact that southwestern CT is a beautiful coastal area that's close to Manhattan. But again, the state of CT is doing something to make rich people want to live here. As we will learn in the next 20 years when our unfunded debt of $62,500 per taxpayer becomes due, you can't run a whole state on the backs of hedge fund managers. There aren't enough of them, and they can leave very easily when they want to.

Paul, what do you think happens to CT when enough Baby Boomers retire that we need to write pension checks that we can't fund? The unfunded debt might be as high as $62,500 for every single taxpayer. That's what's needed to pay for the promises the state made. Where are we going to gat that money?

Not seeing #s that high. But if the fed. gov. limited the tax payment transfer to +-10% of taxes paid all that additional $ would stay in the blue states and over time would help wipe out that debt. The transfer are not obviously cash but includes payments to hospitals, rent, etc. Those all have a multiplier and add to the tax base. Kentucky gets 35% of their total tax rev. from the fed. government. I know it is an outlier and I said shouldn't be used as an example of the whole group but if those payments where less, Kent. would have a bigger defecit and have to cut back more services

Just give it time, the ferocious heatwave that is gripping much of the US south and west has highlighted an uncomfortable, ominous trend—people are continuing to flock to the cities that risk becoming unlivable due to the climate crisis.
Probably will want the blue states to federally fund AC for them but Texas won’t have the power to run them.
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"Not seeing #s that high."

I posted it.

https://yankeeinstitute.org/2021/09/...ing-to-report/

Let's say it's half that, Paul. Let's say it's $30,000 for every taxpayer. Where does that money come from?

As to your posts about tax shifts. Blue states, with higher state and local taxes, have given their residents a big break on federal income taxes, that people in red states don't get. Here's what I mean...Let's say you live in CT, I live in NH, and our financial picture is exactly the same. On federal income taxes, you've always enjoyed a big deduction in your federal taxes (which I don't get) because you pay high state taxes. Why should you pay lower federal taxes than me, just because you live in a blue state? That federal income tax deduction existed for decades, and it was BIG. Trump did away with much of it with the 10k SALT cap.

So any discussion of how unfair tax transfer from blue to red states is, must include a big adjustment for the historical benefit that residents of blue states enjoyed forever, until very recently.

In any event, that's not why CT is in serious financial trouble. We're in trouble for a very simple reason, we spent an absurd amount of money, more than we can ever have.

better crank up those solar panels and propellers...

you should put this on a tee shirt and sell it...

All of the multiple links I saw have the per capita debt at like $11K. average family is 2.2 or so. Doesn't come up w/$65K per taxpayer.

So you want the fed to charge taxes on $ people don't have (the state has already received that $ due to state income taxes) ?

even with SALT, there is a huge transfer of $ from blue states to red states (in KY 35% of state GDP. If that was lowered it would have a huge impact over time and prob. flip the equation.

is that satire?

Snarkiness is such a bad look.