Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 4K
  • Views: 175K
  • Politics 
I believe that. I know the salaries of everyone in my family and how each of us is able to live. That a major factor in why my wife and I are still living together. We would both struggle if we separated. The additional cost of separate housing would be prohibitive.
I see the struggles of my children who make less than us.
This is one of the things that is so frustrating to watch happen right now. The growing struggle for many Americans just to get by in today's economy is real, and that is the real reason why so many couples aren't having kids or putting off buying a home or doing the things that previous generations did at their age or even earlier. In short, many Americans do have genuine grievances about the state of the current American economy and the future of the "American Dream" and declining social mobility and affordability and all that.

The frustration is that so damn many Americans are voting for people who are only making their situations worse and worse by gutting the social safety net, rolling back government protections and oversight on companies, waging unnecessary trade wars that are driving up the costs of most things, failing to use government to work for solutions for more affordable housing, rent, etc. Instead they're voting their resentments against people doing better than they are and choosing MAGA idiots who will try to ruin those people's lives and bring them down to their level. It's almost as if they don't really want things to get better for them, they just want people who are doing better than them to be reduced to their level so we can all be miserable together. And they're also gullible as hell and actually believe bullshit GOP claims about making things better. It's just so damn frustrating.
 
I don't like subsidizes. I feel like they mask the problems.

For healthcare, if we look at the total amount of money that's moving around in healthcare, I believe it's more than enough to have a robust single payer system. The issue is, in my opinion, that we don't want the shock of a switch flip transition. Many who have 401k or other investments in the insurance companies would be hurt as well as insurance company employees. So, we need really smart people to help figure it out.

I like the idea of a universal basic income replacing all forms of welfare, a single payer health system, and SS as the pillars of a functioning society where everyone is valued.
Oh I dont hate your ideas
I just dont want to kill the subsidies w't replacing them
 

All 1,600 Kentucky battery plant employees laid off as Ford pivots away from EV business​


LOUISVILLE, Ky. (WDRB) -- All 1,600 employees of the brand new electric vehicle battery plant in Kentucky will be laid off before Ford converts it to manufacture batteries for data centers and other utilities.

Ford will turn the Glendale factory into a battery-storage business for customers such as utilities, wind- and solar-power developers, and massive data centers that train artificial intelligence, the Wall Street Journal reported Monday. And Ford announced Monday it plans to begin shipping the battery energy storage systems from its Kentucky and Michigan plants in Late 2027, a shift to "higher-return opportunities." In total, the company said it'll take a $19.5 billion hit to its profit as it transitions away from the EV business.

 
Last edited:

All 1,600 Kentucky battery plant employees laid off as Ford pivots away from EV business​


LOUISVILLE, Ky. (WDRB) -- All 1,600 employees of the brand new electric vehicle battery plant in Kentucky will be laid off before Ford converts it to manufacture batteries for data centers and other utilities.

Ford will turn the Glendale factory into a battery-storage business for customers such as utilities, wind- and solar-power developers, and massive data centers that train artificial intelligence, the Wall Street Journal reported Monday. And Ford announced Monday it plans to begin shipping the battery energy storage systems from its Kentucky and Michigan plants in Late 2027, a shift to "higher-return opportunities." In total, the company said it'll take a $19.5 billion hit to its profit as it transitions away from the EV business.

It’s not that EVs will be diminishing. It’s that Ford knows it can’t compete with the Chinese.
 


But the Fed reckons job growth is overstated by at least this month.= Private-sector hiring over recent months is roughly zero or negative.
 
So unemployment rate is rising and job growth continues to shrink. Consumers are cutting back on spending.

Is there any data to indicate how holiday spending is going ? I so want that children will have a merry Xmas and not see coal in their stockings.🤞
 

I think you will still pay tax on tips and the "no tax" on overtime claim is a bit misleading.

Overtime will still be subject to taxes like Social Security, Medicare, and state and local income taxes. What changed is that you can deduct a portion of your overtime pay from your federal taxable income. So, while overtime isn’t completely tax-free, the deduction reduces how much of your overtime earnings are taxed at the federal level.
 
Trump could be found with a dead girl or live boy, and his supporters would still support him. He could shoot someone in the middle of Times Square, and his supporters would still support him. That said - he is in for a rude awakening if he thinks that his Cult of Personality will be more powerful than a poor economy. That’s pretty much the singular thing that can (and will) disgruntle his supporters. Blaming Biden isn’t going to work forever.
 


Is he proposing that only citizens be allowed to purchase and own real estate in America? Because that would be quite a can of worms to open.

No, I know, he is not actually suggesting a policy, just stoking anti-immigrant fervor.
 


Is he proposing that only citizens be allowed to purchase and own real estate in America? Because that would be quite a can of worms to open.

No, I know, he is not actually suggesting a policy, just stoking anti-immigrant fervor.

I'm trying to wrap my head around this argument with the understanding that I have been day drinking since 7am

"Illegal aliens" have prevented American citizens from buying affordable homes ? Can someone help me connect that dot ?
 
I'm trying to wrap my head around this argument with the understanding that I have been day drinking since 7am

"Illegal aliens" have prevented American citizens from buying affordable homes ? Can someone help me connect that dot ?
I don't have a clue if illegal or not but Hispanics have purchased just about every house in our older but nice neighborhood. The houses beside ours were bought by nice Hispanics and there are at least 3 families living in each of them with all their cars parked in driveways and front yards. Every house looks like a used car lot. Its crazy, homie.
 
Back
Top