Positive news for America from President Biden and the Democrats

@Zeus4par

ya  i go along with that  its not perfect but then its never been   and wont ever be    but ill take the encouraging news over the critical news every day of the week    

article continued, but you failed to leave this out....

Just as wealth hit a record high during the second quarter, credit card debt surpassed $1 trillion for the first time ever, the New York Federal Reserve found.

New credit card and car loan delinquencies have exceeded pre-Covid levels, with Macy’s sounding the alarm on a spike in customers who are failing to make credit card payments.

But hey, the Nation is wealthier, right?! 

@KellyM_1964

Of course!    Optimism is a far better trait than pessimism.  

Look at our markets.  Real estate is said to be one of if not the heaviest contributor to inflation.  Sure, it's tough if one is searching for a home.  But on the other hand, by contrast, while it's tough for buyers the other side of every deal suggests it's GREAT FOR SELLERS!  On top of that since I am staying in my home (lovely, thank you) with interest rates rising so is my equity.  Plus, my savings and investments are rising too!  Therefore it is not a net bad thing.  If anything it's a net good thing!  

But obviously not for everyone.  For example, because of the COVID disaster that Trump and the republicans allowed to infest the country without any meaningful measures to mitigate, the 20 million Americans thrown out of work because of the mismangement and millions of other hard working Americans were forced into increasing debt loads including credit cards.  

Point is, because it is a struggle for some and they may feel pessimistic, that does not hold true for others.

@Zeus4par

 Would you like to explain your reasoning for why you state: "it's great for sellers"? 

@Zeus4par

certain things seem destined to remain unchanged for many years to come and  falsely laying blame where it doesnt belong is one of them

The Vikings just fumbled

It was a nice punt return too

@Zeus4par

great post  

the increasing debt loads by americans accelerated only due to one thing   the downplay &mismanagement of covid by the  convicted fraud who now faces serious criminal  indictments in 4 separate jurisdictions  after being found by a jury that he is a sexoffender

magas  still luv the guy  no matter the fraud or who he rapes

be careful they’re on to you .

several drugs being targeted for negotiations already

insulin cap was a biggie  helping millions  

several drugs being targeted for negotiations already

insulin cap was a biggie  helping millions  

@thirdperson

big pharma and allies can tie litigation up in court literally for years

how does that help the american people ?????

cut from cnn  ::

Rising gas prices haven’t taken their toll on the American consumer just yet, amid growing optimism that inflation is easing, according to the latest consumer sentiment survey from the University of Michigan.

The university’s latest consumer survey released Friday showed that Americans’ expectation of inflation rates in the year ahead fell to a 3.1% rate in September, down from 3.5% in the prior month, marking “the lowest since March 2021 and just above the 2.3-3.0% range seen in the two years prior to the pandemic,” according to a statement.

Meanwhile, inflation expectations in the next five to 10 years dropped to a 2.7% rate, “falling below the narrow 2.9-3.1% range for only the second time in the last 26 months.”

That’s welcome news for the Federal Reserve, which is closely monitoring Americans’ views and expectations on inflation

@KellyM_1964

 Thanks for sharing some encouraging news 

Household and nonprofit net wealth increased by $5.5 trillion,
or 4%, between the end of March and the end of June,
Federal Reserve data released on Friday showed.
This follows an increase of $3 trillion during the first three
months of the year. The data is not adjusted for inflation.

I don't always claim to be wealthy, but when I do, I make sure to max out my credit cards and claim that debt as wealth 

Fubduh, Kelly, and third, would you like to info this thread on the GDP to US debt ratio as of today? And then would you like to show the numbers from Obama's years? 

People always fib and lie , hiding numbers and playing around with them in order to mislead . This is nothing new . Whether it’s a Ponzi scheme or advertisers marking down 3.99 on a bag of chips when it’s basically 4 dollars or my friend back in school “ Big Rob “ telling Sheila the Tramp that he was nine inches of stiff salami in order to get her into the back of his Chevy Nova . She busted out the door cracking up and laughing 2 minutes later remarking that he had “ half a Snickers bar “ but she went through it anyway cuz you’re not you when you’re horny ya dig ?

One of the many accomplishments under the Biden admin for which almost half the country is completely unaware

SCOTUS blocks GOP BS

CNN —

The Supreme Court on Tuesday rejected an emergency bid
from Alabama, setting the stage for a new congressional
map likely to include a second Black majority district to
account for the state’s 27% Black population.

The one-line order reflects that the feelings on the court
haven’t changed since June when a 5-4 Supreme Court
affirmed a lower court that had ordered the state to
redraw its seven-seat congressional map to include a
second majority-Black district.

The changing makeup of the districts is likely to mean
the state will pick up a new Democratic member of Congress.

Allowing partisan state government to determine electoral maps is a recipe for unfair gerrymandering to benefit one party at the expense of democracy.  Problem in majority being under represented in government or minority over represented.  Better to have nonpartisan group draw maps.

@thirdperson

Agreed!   Applies to both sides.

But to date the republicans have been more virulent in their efforts.

.... 

THE HILL -

The Union Auto Workers’s (UAW) lead negotiator
in contract talks with General Motors slammed former
President Trump:

In a letter first sent to the Detroit Free Press,
UAW Vice President for General Motors Mike Booth wrote,
“Let me be blunt, Donald Trump is coming off
as a pompous asshole. Coming to Michigan to speak
at a NONunion employer and pretending it has anything
to do with our fight at the Big Three is just more
verbal diarrhea from the former president.”

The letter, later shared by the UAW with The Hill,
comes just hours before Trump is expected to
hold a rally at a NONunion plant

[Quote: Originally Posted by fubah2]

THE HILL -

The Union Auto Workers’s (UAW) lead negotiator
in contract talks with General Motors slammed former
President Trump:

In a letter first sent to the Detroit Free Press,
UAW Vice President for General Motors Mike Booth wrote,

        “Let me be blunt, Donald Trump is coming off
       as a pompous asshole. Coming to Michigan to speak
       at a NONunion employer and pretending it has anything
       to do with our fight at the Big Three is just more
       verbal diarrhea from the former president.”

The letter, later shared by the UAW with The Hill,
comes just hours before Trump is expected to
hold a rally at a NONunion plant

/Quote]

HEADLINE today . . .

Trump actually asks UAW for endorsement!