Positive news for America from President Biden and the Democrats

@thirdperson

WOW!  That is good news indeed my friend, and I'll bet there's more to come over the next year.

A few key pts from today's WH news conference...

President Biden admin:
-  has capped the cost of insulin at $35/month!
-  will cap the total prescription drug costs at $2,000/yr!
-  enabled Medicare to negotiate to lower prescription costs!

"American seniors shouldn't be forced to decide between
refilling their drug prescription or filling their refridgerator"

                                     - VP Kamala Harris, Aug.29

"Currently, an EXACT same drug, produced by the
EXACT same pharmaceutical companies, costs 2 to 3+
times more in America than in Canada."

                                   - President Joe Biden, Aug.29

Inflation reduction act allows medicare power to negotiate lower drug prices with manufacturers.  If negotiations succeed, possibility of lower prices for 10 drugs.  Other countries have long negotiated drug prices.

Potentially billions of dollars in savings for patients if medicare can negotiate lower drug prices.  Problem is companies fighting back with lawsuits to protect their profits.  One reason why US has the most unaffordable healthcare system in the world is that industry can get away with charging high prices.  Healthcare industry is among the richest and most powerful lobby groups in the US.  In other countries, only government intervention kept prices low to benefit patients over industry.  Sick patients cannot be expected to pressure industry.

Is this the same President who sent an estimated 5,400 e mails using an alias? That's what I thought! I promise you the following. joe is as illegitimate as sundance! 

markets up significantly past 4 business daysever since donnie chump got arrested for a record 4th time

with mugshot

@KellyM_1964

  Stocks rose for a fourth straight day
as another batch of economic reports pointed to moderation,
cementing bets the Federal Reserve is approaching the end
of its interest-rate hikes.

Up further in early trading today as well...      

Goldman Sachs cuts US recession odds
to 15% as economic optimism grows

New York CNN —

Goldman Sachs is increasingly confident that the
US economy will stick the soft landing that
many thought was nearly impossible to pull off.

In a research report published Monday night,
Goldman Sachs lowered its estimated chance of a
US recession over the next 12 months to just 15%.

That’s basically in-line with the historical average
chance of a recession on any given year.
It’s also down from the Wall Street bank’s prior
forecast of 35% projection in March.

There is not enough grass on planet earth for all of the Lefty sheep inside this thread full of partisan, very partisan propaganda!

The report, titled “Soft Landing Summer,”
pointed to a series of encouraging economic indicators
on inflation and the jobs market that suggest
the US economy will avoid the recession many feared.

   Tamping down inflation -
without throwing the economy into recession -
is what’s called a “soft landing,”
something the Fed has only achieved
once in the past 60 years!

Wall Street economists have been forced to repeatedly postpone or even cancel their recession forecasts as Biden's economy proves resilient. 

maga  

Goldman Sachs pointed to “solid” job growth and rising real (inflation-adjusted) wages that should allow real disposable income to “reaccelerate” next year.

How ironic, considering how an overwhelming majority of the people give Joe Biden low marks for "mishandling " the economy... yep, people don't like Bidenomics one bit,  and all the inflation that comes w it.  

And Fubah, since you just love to cite the stock market,  well, they are rolling over this week on expected rate hike(s) in the not too distant future..  

Democrats bright idea- Change the definition of a recession so we can tell the public we're not in a recession! 

These are the same yahoos that want to change the Fed mandate of 2% inflation to 3% inflation,... and say the inflation fight is over.

What they don't realize is that even a 1% difference compounded over decades amounts to 10s of thousands of dollars of lost purchasing power for people.  That is a recipe for disaster,  and would kill most the people that the DEMS ""purportedly""  care about.... lower & middle income Americans 

Fed isn't getting inflation down to 2% anytime soon. 

Inflation Reduction Act   Just another deceitful lie. 

There's a cause and effect to printing trillions of dollars and the effect hasn't even begun to be felt. 

Cancel Student debts  another big lie

Auto loan industry 

I know there are a lot of people who love Canada in here, can they fill us in on the housing market and their awesome 5 year mortgage rates? Pretty sure a lot of home owners are getting hit with higher rates, how long can they keep up mortgage payments before they default? What a sham of a home loan program they have up there. I guess their banks thought interest rates would stay at almost 0% forever.  

Anybody that lives here in the U.S. and says they love Canada doesn't even understand the big picture.    We think our waiting times to get medical procedures are long in this country?    Try waiting many months, if not "years."    If anybody finds that hard to believe, go talk to someone from the UK.    You will die before you get your surgery if it's for a lifesaving predicament..   Just remember you lefties,.... there's a price to pay for "socialized medicine" that you guys all love..  

Also, I agree BigGame w/ your statement that 2% is going to be a difficult task.  It may take until later in 2024, or perhaps later, but there is no justification for changing the mandate to 3% as so many lefties want .   And as you correctly point out the "Inflation Production Act," the "Chips Act", and whatever Trillion dollar handouts were signed by Congress in the last few years are still yet to be spent.  Sure, the legislation may have been passed 1-2 years ago, but most of that money is yet to be spent, and will be appropriated over many, many years.  So that will continue to apply demand in our economy and make bringing down inflation to 2% tough.  

No change in recession definition.  That is, two consecutive quarters of negative gross domestic product.  Many economists agree that a US recession is unlikely in 2023 because of stronger than expected economic growth.

good news for america !  

good news for america !  

@thirdperson

None that I heard of.  

Keep up the good work, thirdperson!  

nahh  me neither !

nahh  me neither !