I'd rather drill and buy oil from the Permian and the Bakken than Saudi and Kuwait.

(08-12-2024 09:25 AM)WalkThePlank Wrote:  

(08-12-2024 09:16 AM)b2b Wrote:  Honestly, I am better off now than 4 years ago. Part of that is due to Covid not being a "thing". Part of that is due to a house I bought in 2014 that most people can't afford to buy today. Part of it is due to my ESOP shares. Most Americans aren't in my situation though, especially young people, lower middle class and those on fixed incomes.

Older millennials and Gen X are doing well, like many on this board.

Zoomers and younger millennials are struggling because of housing and an extremely tight job market. The Obama policies are reverberating still. A massive expense is student loans, which government guarantees and colleges are able to bid up the prices. Government lockdowns in 2020 killed thousands of small businesses which is still being felt today. Offshoring has killed entry level jobs + obvious industries that people used to work here. And yet, the majority of those generations only care about abortion.


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People are dying younger. The upper middle class may be doing better. The middle is not.

(08-12-2024 10:59 AM)The Sicatoka Wrote:  

(08-12-2024 10:53 AM)Redwingtom Wrote:  The biggest cut in the supply was the direct result of the nearly 10 million barrel a day cut by OPEC for two years which trump signed.

Congress controls OPEC production and Trump signed the bill?
Trump is a dictatorial OPEC signee?
I'm very confused.

OPEC gonna OPEC

They played him like a fiddle. Most likely because he broke his promise on the sanctions with Iran.

Quote:The deal reached by the so-called OPEC+ group, which ends the price war between Saudi Arabia and Russia, reduces global output by 9.7 million barrels per day in May and June, helping to ease a global gut exacerbated by the COVID-19 pandemic.

Production will also be reduced by 8 million bpd from July through December and 6 million bpd from January 2021 through April 2022.

Doesn't take an economics degree to know what happens when you relieve that much supply when America did not currently have the capacity to replace it like we do now.
trump plays key role in brokering historic oil deal

Scarcity led to the spike in prices, but the scarcity was caused by the collapse in demand & lack of production as a result. Trump, when prices initially collapsed, asked for Russia & OPEC to cut production so prices would rise & make American production fiscally doable again. He wasn’t responsible for $5 gas prices… it was the collapse in oil prices that ultimately led to the future spike.

(08-12-2024 11:02 AM)bullet Wrote:  

(08-12-2024 09:04 AM)TripleA Wrote:  

(08-12-2024 08:53 AM)Redwingtom Wrote:  I am.

Economy is not shattered.

You obviously never go to the grocery store or buy gas.

Crime is down.

Crime is down only because so many jurisdictions stopped reporting it.

Illegal immigration is down...there was a bill to address the border that trump had killed so he could take credit if we got elected.

Immigration is down only from the insane levels you idiots allowed in to start with, and only b/c you knew it would be a big election issue.

And that bill you're touting would have still allowed in thousands of illegal immigrants a day. No Republican is voting for that.

America is already the greatest country. Sad that the GOP has become the party that no longer champions America.

America has gone to hell in a hand basket the past 3 1/2 years, and if you clowns run it for 4 more years, it will be destroyed.

FIFY

IF crime is down, its only because they are comparing it to 2021, not to 2019.

No, crime is down, way down. Sorry.

(08-12-2024 11:05 AM)Marc Mensa Wrote:  Scarcity led to the spike in prices, but the scarcity was caused by the collapse in demand & lack of production as a result. Trump, when prices initially collapsed, asked for Russia & OPEC to cut production so prices would rise & make American production fiscally doable again. He wasn’t responsible for $5 gas prices… it was the collapse in oil prices that ultimately led to the future spike.

He played a HUGE role in it. There is NO question. He signed the deal for OPEC to cut production for 2 years.

(08-12-2024 09:58 AM)VA49er Wrote:  Only a partisan would think we are better off today than 4 years ago. Ask anyone trying to purchase a home, or anyone buying groceries for their family. There's no question as to the answer.

And inflation was driven to the highest in decades by Democrats excessive continued Covid payments and their deliberate effort to drive up energy prices as part of their climate change agenda. Europe's rise has really been about the Ukraine war disrupting trade and cutting off the source of most of their energy and a good amount of their grain. That's why they had very little inflation while we jumped to 6%.

(08-12-2024 10:17 AM)b2b Wrote:  Like it or not Trump did have a hand in inflation. He didn't play Covid correctly IMHO. Letting Fauci have so much control and firing up the money printer was a HUGE mistake. Biden just made it a lot worse.

Trump removed the oversight from PPP loans, the vast majority of which weren’t used for payroll. That almost $1B of forgiven “loans” was a major driver to inflation.

(08-12-2024 11:08 AM)Redwingtom Wrote:  

(08-12-2024 11:05 AM)Marc Mensa Wrote:  Scarcity led to the spike in prices, but the scarcity was caused by the collapse in demand & lack of production as a result. Trump, when prices initially collapsed, asked for Russia & OPEC to cut production so prices would rise & make American production fiscally doable again. He wasn’t responsible for $5 gas prices… it was the collapse in oil prices that ultimately led to the future spike.

He played a HUGE role in it. There is NO question. He signed the deal for OPEC to cut production for 2 years.

Maybe… I didn’t realize he had signed an agreement to cut production.

(08-12-2024 10:12 AM)WalkThePlank Wrote:  

(08-12-2024 10:03 AM)Redwingtom Wrote:  

(08-12-2024 09:58 AM)VA49er Wrote:  Only a partisan would think we are better off today than 4 years ago. Ask anyone trying to purchase a home, or anyone buying groceries for their family. There's no question as to the answer.

The ad in the OP asks "you," not "we."

And you are only looking at a couple things.

This most likely speaks to the reach of Fox news, sadly.

Instead of blaming the respondents for “not knowing what a recession is,” wouldn’t it be more relevant to find out why they are saying that? Surely it’s due to inflation and wages not rising fast enough to meet the erosion of their purchasing power.


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Most economists think we are heading into a recession. People are feeling it with layoffs.

(08-12-2024 10:17 AM)b2b Wrote:  Like it or not Trump did have a hand in inflation. He didn't play Covid correctly IMHO. Letting Fauci have so much control and firing up the money printer was a HUGE mistake. Biden just made it a lot worse.

I do agree with you there. But energy inflation and how that drove up prices everywhere was all Biden.

(08-12-2024 11:01 AM)bullet Wrote:  Normies???

People who live in cities are very upset about crime.

It even makes shopping a pain. Everything is locked up.

Objectively speaking, it's not a major issue. Crime is localized in certain areas of the country as well. Maybe if you're a down ballot candidate for a party, it's an issue, but not nationally.

Concerns about crime are up, probably because everyone remembers the 2020 riots.

Again, Harris used to be a prosecutor. You can't on one hand claim she will let crime run rampant when she has a history of being strict on those with misdemeanors. The message doesn't resonate.

(08-12-2024 11:11 AM)bullet Wrote:  

(08-12-2024 10:12 AM)WalkThePlank Wrote:  

(08-12-2024 10:03 AM)Redwingtom Wrote:  

(08-12-2024 09:58 AM)VA49er Wrote:  Only a partisan would think we are better off today than 4 years ago. Ask anyone trying to purchase a home, or anyone buying groceries for their family. There's no question as to the answer.

The ad in the OP asks "you," not "we."

And you are only looking at a couple things.

This most likely speaks to the reach of Fox news, sadly.

Instead of blaming the respondents for “not knowing what a recession is,” wouldn’t it be more relevant to find out why they are saying that? Surely it’s due to inflation and wages not rising fast enough to meet the erosion of their purchasing power.


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Most economists think we are heading into a recession. People are feeling it with layoffs.

Quote:The CEO of Bank of America, Brian Moynihan, said that the financial giant no longer believes a recession is on the horizon for the American economy, hinting that the Biden administration and Federal Reserve have achieved a “soft landing” after inflation troubles in recent years.

Moynihan told CBS’s Margaret Brennan on “Face the Nation” Sunday that while the economy is slowing, consumer spending remains in line with prepandemic levels.

Bank of America CEO says research team ‘does not have any recession predicted anymore’

(08-12-2024 11:11 AM)bullet Wrote:  

(08-12-2024 10:12 AM)WalkThePlank Wrote:  

(08-12-2024 10:03 AM)Redwingtom Wrote:  

(08-12-2024 09:58 AM)VA49er Wrote:  Only a partisan would think we are better off today than 4 years ago. Ask anyone trying to purchase a home, or anyone buying groceries for their family. There's no question as to the answer.

The ad in the OP asks "you," not "we."

And you are only looking at a couple things.

This most likely speaks to the reach of Fox news, sadly.

Instead of blaming the respondents for “not knowing what a recession is,” wouldn’t it be more relevant to find out why they are saying that? Surely it’s due to inflation and wages not rising fast enough to meet the erosion of their purchasing power.


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Most economists think we are heading into a recession. People are feeling it with layoffs.

I believe we are headed that way. What Tom did there was a nice sleight of hand by saying the voters are too stupid to know what's going on, therefore it's not an issue.

Everyone has a different reaction/opinion when hearing the word "recession."

(08-12-2024 10:24 AM)ericsrevenge76 Wrote:  

(08-12-2024 10:20 AM)WalkThePlank Wrote:  

(08-12-2024 09:39 AM)Marc Mensa Wrote:  

(08-12-2024 09:26 AM)bearcat65 Wrote:  Energy, food, inflation, and illegal border crossings all significantly higher that when Trump was in office.

which are post-Covid realities for western every nation on the planet… the US, however, is in a much better position than most.

Gas in Memphis in August 2019 was about $2.70 per gallon… in August of 2024 its $3.05.

https://www.gasbuddy.com/charts

Americans don’t view issues that way. Everything is judged relative to how it’s been here, not the world.

By that logic, Bush 41 should have gotten another term because it was a global issue. The facts were that people were used to a certain lifestyle and job market, and it tanked under him. So he got destroyed.


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It was really the last 18 months or so that hurt 41. He was flying high during the gulf war but the recession really hurt him right afterwards.

Ironically the numbers showed the economy was turning around the final quarter of '92 but it was too late in the election for it to help him. He would have rode a nice economic boom in his second term if he had won and gone out on a high note.

Well the problem was he knew it was turning around, but people didn't see it yet. If the economy had simply improved one month quicker (unemployment dropped a lot in the November reports) he might have been reelected. But the Republicans had been in the White House for 12 years and a lot of the good people had left DC. He was left with people out of touch. They were still having the youngest fighter pilot go fishing because Democrats claimed he wasn't tough. So he was fishing while people were worried about their jobs. It made me mad and I was a strong HW supporter. I volunteered for his 88 campaign. I would have in 92, but I didn't want to face the angry calls. A lot of people were really angy.

(08-12-2024 11:15 AM)WalkThePlank Wrote:  What Tom did there was a nice sleight of hand by saying the voters are too stupid to know what's going on, therefore it's not an issue.

Everyone has a different reaction/opinion when hearing the word "recession."

NOT what I said nor implied.

You know this ad is knocking it out of the park when the goofy libs here are tripping over themselves trying to disprove it saying silly things like crime is down and blaming Trump for the economic disaster of the last 3.5 years.

(08-12-2024 11:17 AM)MemTigers1998 Wrote:  You know this ad is knocking it out of the park when the goofy libs here are tripping over themselves trying to disprove it saying silly things like crime is down and blaming Trump for the economic disaster of the last 3.5 years.

Please cite the factual information stating that crime is up.

Trust me, it won't end well for you. A few stories about an illegal committing a crime do not mean crime is up.

(08-12-2024 11:13 AM)WalkThePlank Wrote:  

(08-12-2024 11:01 AM)bullet Wrote:  Normies???

People who live in cities are very upset about crime.

It even makes shopping a pain. Everything is locked up.

Objectively speaking, it's not a major issue. Crime is localized in certain areas of the country as well. Maybe if you're a down ballot candidate for a party, it's an issue, but not nationally.

Concerns about crime are up, probably because everyone remembers the 2020 riots.

Again, Harris used to be a prosecutor. You can't on one hand claim she will let crime run rampant when she has a history of being strict on those with misdemeanors. The message doesn't resonate.

She was bailing out the rioters. It absolutely resonates. The Democratic party is the party of letting felons run loose on the streets (unless they are political opponents). Democratic run cities are going down the tubes. There are nice areas of Atlanta where my wife is afraid to go at night and is leery during the day.

Its a big issue in the big metro areas.

(08-12-2024 11:17 AM)Redwingtom Wrote:  

(08-12-2024 11:15 AM)WalkThePlank Wrote:  What Tom did there was a nice sleight of hand by saying the voters are too stupid to know what's going on, therefore it's not an issue.

Everyone has a different reaction/opinion when hearing the word "recession."

NOT what I said nor implied.

So why share the article then? What is the purpose of doing that if you think that the respondents don't know what they're talking about and are clueless?

People don't sit around and wait to be told when the economy sucks. They live through it every day.