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re: B of A: We are in a recession; some don’t realize it yet

Posted on 6/12/22 at 8:05 am to
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
61313 posts
Posted on 6/12/22 at 8:05 am to
let's raise rates to stop spending...yeah that's stupid

wanna know why?

It AIN'T US spending!

It's the freaking federal government printing money left and right to prop up entitlements and to continue their money laundering schemes overseas through "foreign aide"

How about stopping that FIRST
Posted by SirWinston
Say NO to War
Member since Jul 2014
104464 posts
Posted on 6/12/22 at 8:06 am to
quote:

As are the masknorities


Honestly lost a lot of respect for young black dudes over the mask thing. What a bunch of scared little pussies.
This post was edited on 6/12/22 at 8:07 am
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
59570 posts
Posted on 6/12/22 at 8:07 am to
Or how about let's pay off student college loan debt of the folks that didn't finish college or dropped out right in the middle of a fricking recession? Biden economics what a fricktard he is.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
75916 posts
Posted on 6/12/22 at 8:11 am to
but what about Ukraine? and the 3rd world countries in South America?

Now isn’t a good time to be writing checks for other people’s problems?
Posted by CuyahogaTigerJr
Northeast ohio
Member since Aug 2018
2397 posts
Posted on 6/12/22 at 8:12 am to
quote:

especially in cloudy Ohio.

I just laugh every day I drive past this huge field of solar panels on 271, and 1/2 of the year covered in snow
Posted by LRB1967
Tennessee
Member since Dec 2020
23243 posts
Posted on 6/12/22 at 8:28 am to
This is just the beginning. I think things will get much worse by the end of the year.
Posted by A Menace to Sobriety
Member since Jun 2018
32778 posts
Posted on 6/12/22 at 8:49 am to
LET'S GO BRANDON
Posted by BarleyPop
Member since Nov 2016
702 posts
Posted on 6/12/22 at 8:57 am to
quote:

Reports are fed will do a 0.75% rate hike.


.5 on June 15th with tough talk opening the door for .75 or 1.0 in July.
Posted by member12
Bob's Country Bunker
Member since May 2008
33146 posts
Posted on 6/12/22 at 8:59 am to
quote:

.5 on June 15th with tough talk opening the door for .75 or 1.0 in July.



Damn.
Posted by CPTDCKHD
Member since Sep 2019
1487 posts
Posted on 6/12/22 at 9:01 am to
Elections have consequences
Posted by Cosmo
glassman's guest house
Member since Oct 2003
132614 posts
Posted on 6/12/22 at 9:04 am to
quote:

Reports are fed will do a 0.75% rate hike.


Good. Free money needs to end and people need to work
Posted by Shrimpboatcapt112
Member since Aug 2018
3 posts
Posted on 6/12/22 at 9:12 am to
Stolen elections have consequences.
Fixed it for ya.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
38429 posts
Posted on 6/12/22 at 9:18 am to
We probably were in one at the beginning of the year.
Posted by little billy
Orange County, CA
Member since May 2015
8469 posts
Posted on 6/12/22 at 9:26 am to
quote:

Wouldn’t shock me if climbing prices now just never go back down


This is my concern as well. That inflation will eventually slow down or stop but the "new" prices will remain and becomes the normal prices. But that income will never catch up.
Posted by Yeti_Chaser
Member since Nov 2017
13361 posts
Posted on 6/12/22 at 9:44 am to
quote:

we are holding off on major purchases.

I'm doing the opposite. Interest rates are still relatively low and inflation is going to continue getting worse
Posted by Impotent Waffle
Baton Rouge
Member since Sep 2007
10139 posts
Posted on 6/12/22 at 10:08 am to
Same here, purchases and vacation. Putting money into my home to make it more energy efficient...
Posted by Lightning
Texas
Member since May 2014
3119 posts
Posted on 6/12/22 at 10:14 am to
quote:

Good. Free money needs to end and people need to work


Oh it’s not ending, they just keep increasing it. This was from October last year:

quote:

This long-overdue update raised maximum SNAP benefits by 21 percent this year and going forward compared to what they otherwise would have been, but SNAP households saw a smaller immediate increase in their benefits when the change took effect in October 2021. That’s because a temporary 15 percent increase in SNAP benefits established by the December 2020 COVID-19 relief bill and extended by the American Rescue Plan expired at the end of September. Thus, most SNAP households’ benefits rose only modestly in October.


People getting SNAP only saw a “modest increase” in their benefits in October. It was actually a 21% increase but since the other “temporary increase” of 15% that they’d had for more than a year was expiring, it didn’t *feel* like much of an increase. The government has been throwing extra money at these people getting free food for more than 2 years and we’re wondering why food prices have increased so much

Don’t worry, the gravy train still isn’t ending!
Texas just announced another extension of “emergency benefits” for people getting free food.

quote:

HHSC received federal approval from the U.S. Department of Agriculture (USDA) to extend the maximum, allowable amount of SNAP benefits to recipients based on family size, and all SNAP households will receive a minimum of $95 in emergency allotments.This additional emergency allotment should appear in recipients’ accounts by May 31.

The emergency May allotments are in addition to the more than $6.7 billion in benefits previously provided to Texans since April 2020.



This “emergency” has gone on more than 2 full years now and anyone that isn’t getting free money thrown at them has had to just keep increasing their own grocery budget so the freeloaders can fill up their carts with extra food.
Posted by biglego
San Francisco
Member since Nov 2007
85505 posts
Posted on 6/12/22 at 10:22 am to
Just imagine if the economy still had to contend with mean tweets
Posted by ruzil
WNC
Member since Feb 2012
18462 posts
Posted on 6/12/22 at 10:30 am to
quote:

I just laugh every day I drive past this huge field of solar panels on 271, and 1/2 of the year covered in snow




Don't forget that stupid windmill on 90!
Posted by Irish Knuckles
Nuwallins
Member since Jan 2015
1259 posts
Posted on 6/12/22 at 11:12 am to
quote:

some don’t realize it yet


those same people don't realize a lot of things.
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