Economy

[Dr. Strangelove]

Interesting enough we don’t actually have to imagine that.   It literally happened.  A rise to 9% inflation when we were constantly told it was just transitory and didn’t really hurt our pocket books all the while the S&P tanked from 4725 down to 3580.  Which is a drop great is raw number and percentage than what we experienced now.   Yet, I was constantly told the market isn’t the economy and it’s just for the rich.  Not much mention at all about 401k’s back then.  Oh, tech you asked….NASDAQ was down from 16,057 to 10,480.  

These people can't be saved man.

We deserve a Chinese Century of Humiliation because Democracy at the heart of a global superpower requires a level of global understanding that voters are simply not capable of.

Conservatives elected the biggest retard in American history and they're just going to keep mega-braining themselves into doing it over and over again. They are hopeless.

 

[Ratt Mhule]

Holy f#&%. You want to talk about blind partisan spite? 

What literally happened, chief, is that the economy tanked during the Covid pandemic and economic shutdown, which happened during the Trump administration and was not the president's fault, being an unprecedented global pandemic and all.

That same global pandemic created a massive supply chain disruption, that when combined with huge federal payouts by both the Trump and Biden administrations caused an inflationary spike that was both predicted and global. The stock market responded in predictable ways. We were told it was transitory because it was and despite the U.S. economy emerging from the pandemic better than virtually every other country on Earth -- actually increasing our leverage on countries like China -- blind partisan idiots shrieked about inflation not shrinking fast enough and utterly refused to acknowledge the impressive performance of the U.S. economy as long as Biden was in office.

If you're trying to cherry pick numbers from the unprecedented global pandemic with numbers from the 100% avoidable and mystifying inflationary actions of Donald Trump, just admit it's a fools errand run by people addicted to carrying Donald Trump's pisswater. 

The pandemic part was not his fault. The shredding of the pandemic response plan Obama left him and sticking his head in the sand thinking it would all disappear on its own was. He made it MUCH MUCH worse with his response to it. 

 

[Dr. Strangelove]

this is trumps real reason for the tariffs

I don't even think this is is. He's just a moron. There is no big brained move, there isn't anything 'smart' behind the scenes, the scary truth is that these people genuinely believe in their policies because the Republican Party has been taken over by idiots that aren't much smarter than the dumb people you work with and who have an understanding of the world derived from Reddit.

 

[JJ Husker]

That’s absolutely untrue.  And the increased year over year premium increase includes the HDHP’s that have increased deductibles by thousands.  One must also account for the subsidies the taxpayer is paying for ACA plans, of without those subsidies, those plans would be unaffordable.  
 

This is akin to saying Biden dropped the Rx expenses for seniors with MedicareD without sharing the fact that monthly premium costs shot up, outpacing any drop for an overall net add to the cost.  

LOL. I have to laugh because once again you are trying to inform me about another thing I have direct firsthand experience with. I’ve been on an ACA plan since it’s inception. I don’t receive any government subsidy because my income is too high. It is expensive…right in line with all other plans. I pay the full amount which in 2025 is about $1700/mo. with a $6,500 per person deductible, $13,000 for the two of us. I’ve looked and looked for other plans, they aren’t any cheaper but they do exclude pre-existing conditions etc. Want to talk about non-viable options?

 

[teachercd]

Nasdaq composite has only had back to back 5%+ declines 3 times in history

Today will be the 4th if it holds.

The good news...everything is on sale.  The bad news is...Who knows when it start to go back up.

 

[Ratt Mhule]

Nasdaq composite has only had back to back 5%+ declines 3 times in history

Today will be the 4th if it holds.

The good news...everything is on sale.  The bad news is...Who knows when it start to go back up.

Who was the president/s during those other times? Im genuinely curious and dont feel like looking it up myself haha. 

 

[Guy Chamberlin]

I can agree with all of this except the very first bolded part. What kind of revisionist BS is that? Healthcare costs were exploding long before Obamacare, and yeah there was a one-time jump at the beginning of the ACA because, duh, the ACA forced carriers to cover stuff that the for profit insurance industry simply wouldn’t cover before.

I’m not giving Obama credit for reducing healthcare costs as the “affordable” in the name misleads but he was responsible for making coverage available for millions of people. It’s disingenuous to blame Obamacare for rising costs simply because it didn’t reverse the trend that began before and has continued since.

Healthcare is the thing Trump should’ve tried to fix (shudders at thought of a potential Repub/MAGA solution) instead of completely wrecking the US economy. God he’s a f#&%ing idiot.

The ACA was a compromise, and as such its performance was weakened, especially in red states where local politicians could sabotage the buy-in.

While it could have been better and we still have a long way to go, it was a very helpful option for my family and millions of others. There's no compelling argument that American healthcare was better off before Obamacare. 

With everything we know about Donald Trump, what kind of healthcare solution do you think he would propose?

 

[Ratt Mhule]

The ACA was a compromise, and as such its performance was weakened, especially in red states where local politicians could sabotage the buy-in.

While it could have been better and we still have a long way to go, it was a very helpful option for my family and millions of others. There's no compelling argument that American healthcare was better off before Obamacare. 

With everything we know about Donald Trump, what kind of healthcare solution do you think he would propose?

We will find out in 2 weeks just like his infrastructure plan. I think its still in the concepts of a plan stage. 

 

[teachercd]

Who was the president/s during those other times? Im genuinely curious and dont feel like looking it up myself haha. 

Ronald and I think Bush?

 

[Guy Chamberlin]

LOL. I have to laugh because once again you are trying to inform me about another thing I have direct firsthand experience with. I’ve been on an ACA plan since it’s inception. I don’t receive any government subsidy because my income is too high. It is expensive…right in line with all other plans. I pay the full amount which in 2025 is about $1700/mo. with a $6,500 per person deductible, $13,000 for the two of us. I’ve looked and looked for other plans, they aren’t any cheaper but they do exclude pre-existing conditions etc. Want to talk about non-viable options?

Me, too. Had a modest government subsidy for a couple down years, but have paid the full unsubsidized amount for the rest. ACA was by far the best option for self-employed people like me, and the Covered California part of the ACA franchise ended up being surprisingly seamless and streamlined on the payments and paperwork side. 

When my wife got a full time job with full benefits I thought hallelujah. Turns out those "benefits" for our family of four were more expensive than the subsidy-free version of the ACA, although we do use her dental benefits. 

 

[Guy Chamberlin]

We will find out in 2 weeks just like his infrastructure plan. I think its still in the concepts of a plan stage. 

Do you think these plans are being researched and composed by experts in the field? 

 

[Guy Chamberlin]

These people can't be saved man.

Yeah. But the rest of us will pay while they take absolutely no responsibility or lessons from this totally avoidable clusterf#&%. 

 

[Ratt Mhule]

Do you think these plans are being researched and composed by experts in the field? 

Experts in the field of kissing Trumps a$$, yes. 

 

[Archy1221]

Holy f#&%. You want to talk about blind partisan spite? 

What literally happened, chief, is that the economy tanked during the Covid pandemic and economic shutdown, which happened during the Trump administration and was not the president's fault, being an unprecedented global pandemic and all.

That same global pandemic created a massive supply chain disruption, that when combined with huge federal payouts by both the Trump and Biden administrations caused an inflationary spike that was both predicted and global. The stock market responded in predictable ways. We were told it was transitory because it was and despite the U.S. economy emerging from the pandemic better than virtually every other country on Earth -- actually increasing our leverage on countries like China -- blind partisan idiots shrieked about inflation not shrinking fast enough and utterly refused to acknowledge the impressive performance of the U.S. economy as long as Biden was in office.

If you're trying to cherry pick numbers from the unprecedented global pandemic with numbers from the 100% avoidable and mystifying inflationary actions of Donald Trump, just admit it's a fools errand run by people addicted to carrying Donald Trump's pisswater. 

Here there Chief.  Are you really really really gonna make post months worth of “transitory inflation” comments and “Russia caused inflation” comments.  Even with as crappy of a mobile site this is, I guess I would if you make me.   And if you think transitory is 15 months, then I guess we can consider most things “transitory” lol.   What was the strategy for taming inflation that was known to be a problem eventually???   Oh yeah, spend more and more and more government money!!!   On top of the excess that Trump/Pelosi/McConnell spent during 2020.  
 

The stock market responded in predictable ways.

It don’t respond until Nov/Dec 2021 and didn’t bottom until Nov 2022.   We know the market is forward thinking and in some ways by up to 6 months.  Inflation was beginning to rear its ugly head April-June and it wasn’t until Nov when the market saw Biden was not only not going to do anything about it, but from a policy perspective actually make it worse.  Hence the protracted drop.  
 

despite the U.S. economy emerging from the pandemic better than virtually every other country on Earth -- actually increasing our leverage on countries like China -- blind partisan idiots shrieked about inflation not shrinking fast enough and utterly refused to acknowledge the impressive performance of the U.S. economy as long as Biden was in office.

Any idea on why the US has a faster rebound than most other industrialized countries?   Hint….you really won’t like the answer.  Second hint…..the 2020 economic trough is a good place to begin.  If need be, I got some handy dandy charts I can get for you. 

If you're trying to cherry pick numbers from the unprecedented global pandemic with numbers from the 100% avoidable and mystifying inflationary actions of Donald Trump, just admit it's a fools errand run by people addicted to carrying Donald Trump's pisswater. 

The numbers aren’t cherry picked and I’m not trying to compare them to DJT tariff induced stock market.  Each situation is unique to its own and each President is responsible for them.  See how that works.   Assign blame properly and not in partisan ways, Chief.  

 

[Archy1221]

LOL. I have to laugh because once again you are trying to inform me about another thing I have direct firsthand experience with. I’ve been on an ACA plan since it’s inception. I don’t receive any government subsidy because my income is too high. It is expensive…right in line with all other plans. I pay the full amount which in 2025 is about $1700/mo. with a $6,500 per person deductible, $13,000 for the two of us. I’ve looked and looked for other plans, they aren’t any cheaper but they do exclude pre-existing conditions etc. Want to talk about non-viable options?

You are trying to compare an ACA plan to a non ACA plan in terms of cost of each one.  That is something I am NOT doing.  I am talking about the year over year price increases REGARDLESS of what type of plan is purchased.  Those are 2 totally different things.  So I guess I have to laugh also since you are misconstruing what is being said again.