The Economy

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dajo9
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In reply to DiabloWags • 4:14a, 8/6/25
DiabloWags said:



This doesn't even do it justice. In terms of the size of the economy at the time, Reagan and Bush Sr were much worse than the chart appears. Much of Obama's debt was from being handed a Great Recession and 2 wars from Bush Sr. Obama cut the deficit in half from what he inherited.
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DiabloWags
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In reply to movielover • 9:06a, 8/6/25
movielover said:

DOGE has found $300 Billion in cuts,


You're lying again.
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movielover
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In reply to BearNIt • 11:00a, 8/6/25
Peace offering Solution: let's go back to the pre-Covid spending budget - plus Inflation. Then we slice about $1 Trillion off the yearly deficit and ALL Americans will benefit.

AGREED?
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SBGold
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In reply to bear2034 • 11:01a, 8/6/25
Hot take!

Go Bears Forever
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SBGold
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In reply to movielover • 11:06a, 8/6/25
movielover said:
Peace offering Solution: let's go back to the pre-Covid spending budget - plus Inflation. Then we slice about $1 Trillion off the yearly deficit and ALL Americans will benefit.

AGREED?

Agreed! You like that?

Now get your MAGAts to do it. Good luck

UNITY OVER DIVISION

VOTE BLUE

Go Bears Forever
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BearNIt
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In reply to movielover • 12:52p, 8/6/25
movielover said:
Peace offering Solution: let's go back to the pre-Covid spending budget - plus Inflation. Then we slice about $1 Trillion off the yearly deficit and ALL Americans will benefit.

AGREED?

What would the big Cheeto do about his deportation plan, there wouldn't be enough money to get all of those criminals out of the country? Also, how would DOGE justify their existence. I am all for reducing the deficit just as long as everybody including millionaires and billionaires pay their fair share. Let's get rid of those tax savings that the wealthy were given and let's make sure the IRS is staffed sufficiently to prevent wealthy tax cheats from getting away with not paying their fair share. Let's stop corporate welfare and tax breaks which take away valuable resources from the people whose cities make these insane deals that line the pockets of the ultra rich. Finally let's make sure that rural American has access to the internet, roads, hospitals, and opportunities that will lift them out of poverty. If we can do that based on pre-COVID spending then I am all in. What say you?
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bear2034
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1:05p, 8/6/25
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DiabloWags
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In reply to bear2034 • 1:56p, 8/6/25
I guess it never occurred to you that earnings estimates had been previously lowered numerous times into the basement.

Podcast: S&P 500 Q2 Earnings Update


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movielover
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2:48p, 8/6/25
MAGA



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oski003
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In reply to bear2034 • 4:23p, 8/6/25
bear2034 said:


The stable genius responding to you can't comprehend that the market hit an all time high in the last 30 days. Wild stuff.
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movielover
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7:52p, 8/6/25
The corruption in the Gopher State. This crew stole over $47 million.



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movielover
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8:01p, 8/6/25
Apple announcement today.

""This includes new and expanded work with 10 companies across America. They produce components semiconductor chips included that are used in Apple products sold all over the world, and we're grateful to the President for his support," Cook said in a statement announcing the investment.

"The new manufacturing partners include Corning, Coherent, Applied Materials, Texas Instruments and Broadcom among others."

#winning
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BearNIt
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In reply to movielover • 9:57a, 8/7/25
movielover said:
No one can answer my simple question?

We can do both.

As long as the UniParty spends like drunken sailors on crack, we're cooked. When the next Progressive gets in, they'll bring back the No-Results Department of Education, PBS, and hundreds of thousands of government jobs. They're addicted to spending, Lobbyists track them 24 / 7.

DOGE has found $300 Billion in cuts, I hope they keep going. POTUS should apply some cuts to DOD, more to State, and elsewhere. They also need to retire more Generals, and their staff.

Maybe if we banned family members from working for NGOs that might help, along with a x-years period ex-Congress members are banned from becoming Lobbyists.

Reports indicate that the Federal government in another example of just how nonsensical some of the cuts that DOGE made, have now realized their mistake, and have given the okay to hire 450 people due to dangerous understaffing. The hiring is being made under an exemption to a broader hiring freeze. Apparently they realized that their response to recent weather events was lacking.

https://apnews.com/article/national-weather-service-doge-hiring-forecasts-92dcc528a3cbeb10a7d47a57b25d84bf

I hope the administration is honest enough to let the overall savings that DOGE is reporting reflect this screwup. Just kidding, there is no way they are honest enough to actually report the increase in cost to rehire or hire 450 people.
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movielover
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In reply to BearNIt • 10:23a, 8/7/25
Can hundreds of thousands, rehire a few - essentially a rounding error.
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BearNIt
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In reply to movielover • 10:55a, 8/7/25
movielover said:
Can hundreds of thousands, rehire a few - essentially a rounding error.

I am almost sure that the people who got canned and then rehired don't consider themselves or their economic well-being to be a "rounding error". Maybe DOGE or the administration could explain to the people affected by adverse weather events, the ones who lost property and loved ones, why cuts made were so deep as to create dangerous understaffing at the NSW which in turn affected their lives?
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Eastern Oregon Bear
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In reply to BearNIt • 11:00a, 8/7/25
BearNIt said:
movielover said:
No one can answer my simple question?

We can do both.

As long as the UniParty spends like drunken sailors on crack, we're cooked. When the next Progressive gets in, they'll bring back the No-Results Department of Education, PBS, and hundreds of thousands of government jobs. They're addicted to spending, Lobbyists track them 24 / 7.

DOGE has found $300 Billion in cuts, I hope they keep going. POTUS should apply some cuts to DOD, more to State, and elsewhere. They also need to retire more Generals, and their staff.

Maybe if we banned family members from working for NGOs that might help, along with a x-years period ex-Congress members are banned from becoming Lobbyists.

Reports indicate that the Federal government in another example of just how nonsensical some of the cuts that DOGE made, have now realized their mistake, and have given the okay to hire 450 people due to dangerous understaffing. The hiring is being made under an exemption to a broader hiring freeze. Apparently they realized that their response to recent weather events was lacking.

https://apnews.com/article/national-weather-service-doge-hiring-forecasts-92dcc528a3cbeb10a7d47a57b25d84bf

I hope the administration is honest enough to let the overall savings that DOGE is reporting reflect this screwup. Just kidding, there is no way they are honest enough to actually report the increase in cost to rehire or hire 450 people.
My friends in the NWS tell me that rehiring 450 people is more than half the people that were let go or retired, so it was a clearly botched process. It's not clear if those former employees will be rehired. They will have to apply and get accepted. They may just say "Screw this!" Also, USAJOB applications have been revamped and more complicated (including a few questions about loyalty) and it's going to be easy to mess up an application if you aren't careful. The funny thing is that many of the people let go are still being paid and will continue to collect their salaries through the end of September. There are many costs that will have to be covered with the new hires. Currently, as an incentive to get current employees to move to understaffed offices, they are paying moving expenses up to $100,000. Those transfers don't even count towards the 450 new hires. Many of the new hires will be new to the NWS and it will take a year or two to get through training and certification, so they will be of limited use until then.
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movielover
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In reply to BearNIt • 12:00p, 8/7/25
BearNIt said:
movielover said:
Can hundreds of thousands, rehire a few - essentially a rounding error.

I am almost sure that the people who got canned and then rehired don't consider themselves or their economic well-being to be a "rounding error". Maybe DOGE or the administration could explain to the people affected by adverse weather events, the ones who lost property and loved ones, why cuts made were so deep as to create dangerous understaffing at the NSW which in turn affected their lives?


That won't solve the DEI Fire Chief not sending rescue crews in Texas.
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BearNIt
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In reply to movielover • 1:06p, 8/7/25
movielover said:
BearNIt said:
movielover said:
Can hundreds of thousands, rehire a few - essentially a rounding error.

I am almost sure that the people who got canned and then rehired don't consider themselves or their economic well-being to be a "rounding error". Maybe DOGE or the administration could explain to the people affected by adverse weather events, the ones who lost property and loved ones, why cuts made were so deep as to create dangerous understaffing at the NSW which in turn affected their lives?


That won't solve the DEI Fire Chief not sending rescue crews in Texas.

What are you talking about. That statement tells me how disconnected from reality you are. FEMA and Trump's CECOT Barbie were responsible for the response in Texas and per conventional wisdom both failed miserably. FEMA because of the personnel reductions and Noem because she is inept and way over her head and demanded that she sign off on any expenditures over $100,000.00. People couldn't even get authorization to rescue people ie the Mexican rescue team that saved a sheriff's family lives and then were arrested. The sheriff later apologized. Stop getting your news from these conspiratorial YouTube channels they make you sound unhinged.
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movielover
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In reply to BearNIt • 3:06p, 8/7/25
FEMA, which didn't respond to Conservative populations, and an organization which the Autopen Adm turned into a political organization.
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BearNIt
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In reply to movielover • 3:34p, 8/7/25
movielover said:
FEMA, which didn't respond to Conservative populations, and an organization which the Autopen Adm turned into a political organization.

Your comments not based in reality, unhinged. It wasn't that long ago that during the aftermath of a flood FEMA went out to try to help the impacted population in a southern state and were met with guns, threats, and mistrust, because of the constant MAGA misinformation and conspiracies such as weather manipulation the people who needed the help the most refused and because of safety considerations FEMA withdrew. That's how dangerous that crap is.
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Eastern Oregon Bear
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In reply to movielover • 3:39p, 8/7/25
movielover said:
FEMA, which didn't respond to Conservative populations, and an organization which the Autopen Adm turned into a political organization.
I'm not seeing Trump and Noem's I'll-get-back-to-you-next-week FEMA as an improvement.
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bearister
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In reply to BearNIt • 3:40p, 8/7/25
Hopefully RFK Jr. pushing vaccine misinformation will purge the voting rolls of fat ignoramuses.
Cancel my subscription to the Resurrection
Send my credentials to the House of Detention

“I love Cal deeply. What are the directions to The Portal from Sproul Plaza?”
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bear2034
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5:54p, 8/7/25
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bear2034
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6:11p, 8/7/25

LOW INCOME EARNERS GOT RICHER UNDER TRUMP BUT POORER UNDER BIDEN BY HOUSEHOLD INCOME:

Lowest Earners
UP 10.4% under Trump
DN 0.4% under Biden

Middle Earners
UP 8.5% under Trump
UP 0.7% under Biden

Highest Earners
UP 7.1% under Trump
UP 4.2% under Biden

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BearNIt
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In reply to bear2034 • 8:45p, 8/7/25
bear2034 said:

LOW INCOME EARNERS GOT RICHER UNDER TRUMP BUT POORER UNDER BIDEN BY HOUSEHOLD INCOME:

Lowest Earners
UP 10.4% under Trump
DN 0.4% under Biden

Middle Earners
UP 8.5% under Trump
UP 0.7% under Biden

Highest Earners
UP 7.1% under Trump
UP 4.2% under Biden


Speaking from personal experience, my contract negotiated under the Biden administration was significantly higher than under the big Cheeto's.
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DiabloWags
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8:54p, 8/7/25
It will be interesting to see how many bad news "messengers" Cheeto fires when bad economic data comes out.
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bear2034
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In reply to DiabloWags • 9:00p, 8/7/25
DiabloWags said:
It will be interesting to see how many bad news "messengers" Cheeto fires when bad economic data comes out.

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dajo9
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In reply to BearNIt • 2:49a, 8/8/25
BearNIt said:
bear2034 said:

LOW INCOME EARNERS GOT RICHER UNDER TRUMP BUT POORER UNDER BIDEN BY HOUSEHOLD INCOME:

Lowest Earners
UP 10.4% under Trump
DN 0.4% under Biden

Middle Earners
UP 8.5% under Trump
UP 0.7% under Biden

Highest Earners
UP 7.1% under Trump
UP 4.2% under Biden


Speaking from personal experience, my contract negotiated under the Biden administration was significantly higher than under the big Cheeto's.


Those stats are true because in covid so many low income earners lost their jobs the averages went up. It is important to know context when you are being lied to.
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DiabloWags
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In reply to dajo9 • 7:40a, 8/8/25
dajo9 said:
BearNIt said:
bear2034 said:

LOW INCOME EARNERS GOT RICHER UNDER TRUMP BUT POORER UNDER BIDEN BY HOUSEHOLD INCOME:

Lowest Earners
UP 10.4% under Trump
DN 0.4% under Biden

Middle Earners
UP 8.5% under Trump
UP 0.7% under Biden

Highest Earners
UP 7.1% under Trump
UP 4.2% under Biden


Speaking from personal experience, my contract negotiated under the Biden administration was significantly higher than under the big Cheeto's.


Those stats are true because in covid so many low income earners lost their jobs the averages went up. It is important to know context when you are being lied to.


I've found that there are a handful of posters here (Trump supporters) that never are able to comprehend the tweets of data that they post. The inability to grasp any "context" confirms this.

Interestingly enough, we've seen a number of these kinds of posts from the same poster.

The same guy who just the other day, was touting how 82% of the S&P 500 thus far had beaten earnings estimates in Q2 - - - but who fails to be aware that those estimates had been repeatedly lowered earlier this year given tariff uncertainty and the risk of a recession given Q1 data.

The inability to even acknowledge any context tells me that this person never attended CAL.


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oski003
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In reply to dajo9 • 7:58a, 8/8/25
dajo9 said:
BearNIt said:
bear2034 said:

LOW INCOME EARNERS GOT RICHER UNDER TRUMP BUT POORER UNDER BIDEN BY HOUSEHOLD INCOME:

Lowest Earners
UP 10.4% under Trump
DN 0.4% under Biden

Middle Earners
UP 8.5% under Trump
UP 0.7% under Biden

Highest Earners
UP 7.1% under Trump
UP 4.2% under Biden


Speaking from personal experience, my contract negotiated under the Biden administration was significantly higher than under the big Cheeto's.


Those stats are true because in covid so many low income earners lost their jobs the averages went up. It is important to know context when you are being lied to.


I've found that there are a handful of posters here (Biden supporters) that never are able to comprehend the tweets of data that they post. The inability to grasp any "context" confirms this.

Interestingly enough, we've seen a number of these kinds of posts from the same poster.

That same guy just the other day mocked a post touting how 82% of the S&P 500 had beaten earnings estimates because it "failed" to mention that those estimates had been lowered earlier, yet he doesn't appear to comprehend that the market has hit record highs this year. That same guy shorted this same market at the beginning of the year and is horribly wrong on his predictions.

In that same spirit, please note that several Biden supporters, yourself included, have touted Biden's jobs recovery without acknowledging Covid closing the economy during Trump's first term, the same thing you complain about here.
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DiabloWags
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In reply to oski003 • 9:07a, 8/8/25
oski003 said:


That same guy just the other day mocked a post touting how 82% of the S&P 500 had beaten earnings estimates because it "failed" to mention that those estimates had been lowered earlier, yet he doesn't appear to comprehend that the market has hit record highs this year. That same guy shorted this same market at the beginning of the year and is horribly wrong on his predictions.


Yeah, I'm horribly wrong on my predictions.
Just terrible when it comes to making money in the markets.





What is it that you do for a living again?
I forgot.




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oski003
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In reply to DiabloWags • 9:28a, 8/8/25
DiabloWags said:
oski003 said:


That same guy just the other day mocked a post touting how 82% of the S&P 500 had beaten earnings estimates because it "failed" to mention that those estimates had been lowered earlier, yet he doesn't appear to comprehend that the market has hit record highs this year. That same guy shorted this same market at the beginning of the year and is horribly wrong on his predictions.


Yeah, I'm horribly wrong on my predictions.
Just terrible when it comes to making money in the markets.





What is it that you do for a living again?
I forgot.




You posted about investing in Natera on May 8. NTRA is down 2% since then. It is on brand for you to post gains after a spike and pretend like you only made money. Nice job. You rarely let me down.
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DiabloWags
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In reply to oski003 • 9:36a, 8/8/25
oski003 said:

You posted about investing in Natera on May 8. NTRA is down 2% since then. It is on brand for you to post gains after a spike and pretend like you only made money. Nice job. You rarely let me down.


I added more in one of my accounts on the drop to $133 late July/early August.
That's how you make money. As opposed to watching Tesla go "up and down".

You don't sound very experienced in the markets.
Again, thanks for your uninformed reply.

Have a great day!




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oski003
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In reply to DiabloWags • 9:58a, 8/8/25
DiabloWags said:
oski003 said:

You posted about investing in Natera on May 8. NTRA is down 2% since then. It is on brand for you to post gains after a spike and pretend like you only made money. Nice job. You rarely let me down.


I added more in one of my accounts on the drop to $133 late July/early August.
That's how you make money. As opposed to watching Tesla go "up and down".

You don't sound very experienced in the markets.
Again, thanks for your uninformed reply.

Have a great day!






Of course you did.
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DiabloWags
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10:02a, 8/8/25
As opposed to some of the keyboard "warriors" here, I can actually post my real-time positions.

All they do is claim to be in stocks like Tesla and watch it go "up and down".

The fact that they can just sit there and watch it go down $200 and up $200 without buying a single share is quite telling. And of course they bought it in the teens just like "everyone" else.

lol

And then when it comes time for a Tesla earnings announcement, they pound their chests about how the company just beat estimates and how the stock is trading higher, only to be PROVEN WRONG while relying on an absurd earnings "estimate" from a brokerage called Robinhood and the stock collapses the next day by 9%

lol

These are the kind of people in life who have it all figured out and "brag" about it. They're never wrong.
Just like the stooges that defend Donald Trump tooth and nail and are never critical of him.
Not even once.

But then again, there are always those keyboard "cheerleaders" out there that do nothing but TALK.
Such is the internet.

While they talk, I make money.



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