Bidens approval at all time low in Quinnipiac poll

[Jim in CT]

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

It’s all Putin’s fault!!!



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

[The Dad Fisherman]

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
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[Jim in CT]

Originally Posted by The Dad Fisherman

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
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We always suspected you were a secret seditionist.

[Pete F.]

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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[Jim in CT]

Originally Posted by Pete F.

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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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.

[Got Stripers]

Originally Posted by Jim in CT

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.

[Jim in CT]

Originally Posted by Got Stripers

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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[spence]

Originally Posted by Got Stripers

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

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.

[Jim in CT]

Originally Posted by spence

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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[Jim in CT]

Originally Posted by spence

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.

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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[scottw]

Originally Posted by Pete F.

The sky is falling

The number of people employed full-time hit an all-time record in May 2022, 132.8 million people.

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you need two full time jobs in the biden economy...

[wdmso]

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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[Jim in CT]

Originally Posted by wdmso

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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[Jim in CT]

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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[scottw]

Originally Posted by Jim in CT

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


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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%.

[Pete F.]

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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[PaulS]

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

[scottw]

Originally Posted by PaulS

Guess which "color" states fund the opposite "color" states?


[

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

[PaulS]

Originally Posted by scottw

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

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

[scottw]

Originally Posted by PaulS

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

it was just an observation....

such a sensitive snowflake...

[PaulS]

Originally Posted by scottw

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.

[Pete F.]

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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[scottw]

Originally Posted by Pete F.

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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better crank up those solar panels and propellers...

[Pete F.]

Originally Posted by scottw

better crank up those solar panels and propellers...

Meanwhile in reality, Texas is the leading producer of wind power in the U.S. at 33 megawatts.

And the power problems in Texas have nothing to do with alternative energy, it's because of Abbott’s refusal to mandate grid weatherization.
Because socialism and freedum
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[scottw]

Originally Posted by Pete F.

Meanwhile in reality, Texas is the leading producer of wind power in the U.S. at 33 megawatts.


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ERCOT expects power usage will reach 77,544 megawatts on Tuesday, topping the grid's all-time high of 74,820 MW set in August 2019


July 20,2022 "When the wind ebbs, however, it’s an entirely different story. Take last week. Demand for power topped out at about 78 gigawatts. Yet, the grid operator had to beg residents and businesses to reduce power use because wind was sluggish."

https://www.bloomberg.com/news/artic...the-texas-grid

[scottw]

LAST NOVEMBER -The line they decided to feed the Washington Post was that things could not possibly get worse for Biden. They argued that his approval rating, which had just fallen to a record low of 42 percent while his disapproval rating hovered around 52.7 percent, had nowhere to go but up.

People “who spoke on the condition of anonymity to share private conversions” told the Post that “many administration officials and allies contend that the state of affairs cannot get worse, thinking that Biden and the Democrats have hit their floor in negative approval ratings.”



On Thursday, Biden hit another new low, according to RealClearPolitics, averaging 36.8 percent approval and a 57.5 percent disapproval.

Since the day Biden officials claimed the president had hit his floor, his approval rating has declined 5.2 percentage points while his disapproval rating has grown 4.8 percentage points. Biden is now more unpopular than any other American president since the end of World War II.

A New York Times/Siena poll earlier this month pinned the number at a shockingly horrible 33 percent approval and 60 percent disapproval.



I think Brandon got Covid from his approval ratings.

[Pete F.]

Originally Posted by scottw

ERCOT expects power usage will reach 77,544 megawatts on Tuesday, topping the grid's all-time high of 74,820 MW set in August 2019


July 20,2022 "When the wind ebbs, however, it’s an entirely different story. Take last week. Demand for power topped out at about 78 gigawatts. Yet, the grid operator had to beg residents and businesses to reduce power use because wind was sluggish."

https://www.bloomberg.com/news/artic...the-texas-grid

Gigawatts are not equal to megawatts, but global warming is due to fossil fuels
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[Jim in CT]

Originally Posted by scottw

ERCOT expects power usage will reach 77,544 megawatts on Tuesday, topping the grid's all-time high of 74,820 MW set in August 2019


July 20,2022 "When the wind ebbs, however, it’s an entirely different story. Take last week. Demand for power topped out at about 78 gigawatts. Yet, the grid operator had to beg residents and businesses to reduce power use because wind was sluggish."

https://www.bloomberg.com/news/artic...the-texas-grid

in a sane world, he’d concede you have a point. in this world, he’ll still
insist he’s right and you’re wrong.
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[scottw]

Originally Posted by Pete F.

Meanwhile in reality, Texas is the leading producer of wind power in the U.S. at 33 megawatts.


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[PaulS]

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.