Bidenomics vs Trumpomics

[Tommy]

https://www.msn.com/en-us/money/markets/five-basic-facts-joe-biden-doesn-t-want-you-to-know/ar-AA1hfufi?ocid=hpmsn&cvid=c20de11713284604a0b287e921c77a78&ei=15#image=1

[-hh]

On Thursday, September 28, 2023 at 4:17:09 AM UTC+9, Tommy wrote:
> https://www.msn.com/en-us/money/markets/five-basic-facts-joe-biden-doesn-t-want-you-to-know/ar-AA1hfufi?ocid=hpmsn&cvid=c20de11713284604a0b287e921c77a78&ei=15#image=1

…and?

Typical cherry-picking partisan hack piece.

Case in point, gas prices. They were rising through Trump’s term, from $2.377 in Jan17
to $2.962 in May18 .. yes, before CoVid, because the US economy had weakened prior,
due to a technical recession in manufacturing..a +25% increase. CoVid then “saved” Trump,
while Russia’s invasion of Ukraine has “hurt” Biden - neither event were something fully
controlled by the POTUS. Plus it’s still cheaper today - without inflation- than in July 2008
under Bush, despite how Trump petitioned Saudi & Russia to cut production to raise oil prices.

Similarly, the claim that :Saving rates of Americans have collapsed under Biden
is due to CoVid stimulus checks being spent down. Again, another transient.
Ditto for wages vs inflation caused by same (despite bottom doing better than
inflation) Fed raised interest rates to counter that same stimulus.

“But I’m a multi-millionaire so I have to be financially smart!” Tommy got suckered in yet again. Film at 11.


-hh

[Tommy]

LOL! Don't you EVER look at the senile pervert's poll numbers on the economy, LA, which confirm EACH and EVERY ONE of these five points. Plus, this article omits Lyin' Biden's WORST failure: his total opening of the border to an illegal immigrant invasion!

People aren't saving because the cost of daily living has SKYROCKETED under the pervert, especially the cost of housing whether you rent or own. The average house price in the US has risen from $329k to $416k, an increase of over 26%. Combine that with a 157% increase in mortgage rates and the monthly mortgage payment has increased by THREE HUNDRED AND TWENTY-FIVE PERCENT under Lyin' Biden, and is continuing to go UP!! And this isn't directly reflected in the CPI due to the bizarre way they measure it called Owner Equivalent Rent, plus the six-month reassessment cycle.

[Tommy]

Oh, I forgot to rebut your "hit piece" on gas prices: Lyin' Biden has done EVERYTHING in his power to shut down oil and gas production in the US. Had he expanded it the Russian invasion impact would have been negligible, or certainly manageable. But this is EXACTLY what the enviro wackos want to happen, and the senile pervert is too out of it to provide ANY leadership on the issue.

[-hh]

On Thursday, September 28, 2023 at 6:02:10 AM UTC+9, Tommy wrote:
> On Wednesday, September 27, 2023 at 12:43:56 PM UTC-7, -hh wrote:
> > On Thursday, September 28, 2023 at 4:17:09 AM UTC+9, Tommy wrote:
> > > https://www.msn.com/en-us/money/markets/five-basic-facts-joe-biden-doesn-t-want-you-to-know/ar-AA1hfufi?ocid=hpmsn&cvid=c20de11713284604a0b287e921c77a78&ei=15#image=1
> >
> > …and?
> >
> > Typical cherry-picking partisan hack piece.
> >
> > Case in point, gas prices. They were rising through Trump’s term, from $2.377 in Jan17
> > to $2.962 in May18 .. yes, before CoVid, because the US economy had weakened prior,
> > due to a technical recession in manufacturing..a +25% increase. CoVid then “saved” Trump,
> > while Russia’s invasion of Ukraine has “hurt” Biden - neither event were something fully
> > controlled by the POTUS. Plus it’s still cheaper today - without inflation- than in July 2008
> > under Bush, despite how Trump petitioned Saudi & Russia to cut production to raise oil prices.
> >
> > Similarly, the claim that :Saving rates of Americans have collapsed under Biden
> > is due to CoVid stimulus checks being spent down. Again, another transient.
> > Ditto for wages vs inflation caused by same (despite bottom doing better than
> > inflation) Fed raised interest rates to counter that same stimulus.
> >
> > “But I’m a multi-millionaire so I have to be financially smart!” Tommy got suckered in yet again. Film at 11.
>

> LOL! Don't you EVER look at the senile pervert's poll numbers on the economy…

Polls? Why are you trying to change the subject’s metric from objective to perceptual, Tommy?

> Plus, this article omits Lyin' Biden's WORST failure: his total opening of the
> border to an illegal immigrant invasion!

Just which policies have been changed? Try dealing in facts instead of emotions.
While you’re doing that, do make sure to identify which policies had to change
because the Trump one was illegal.

> People aren't saving because the cost of daily living has SKYROCKETED under
> the pervert, especially the cost of housing whether you rent or own.


> The average house price in the US has risen from $329k to $416k, an increase of over 26%.

Over what dates? Cite, please.

> Combine that with a 157% increase in mortgage rates and the monthly mortgage
> payment has increased by THREE HUNDRED AND TWENTY-FIVE PERCENT under
> Lyin' Biden, and is continuing to go UP!!

Mathematically, that’s not possible. After all, for a 30yr per $100K, an old 3% loan
is $622/mo (before extras) whereas an 8% loan today is $933/mo, that’s just +50%.
Likewise, even a zero (0%) interest payment schedule is $278/mo, for which a
claimed +325% increase would be $1181/mo, which equates to a rate of 11.5%,
which is ~4 percentage points higher than current rates of 7.78% on 9/27/23.

> And this isn't directly reflected in the CPI due to the bizarre way they measure
> it called Owner Equivalent Rent, plus the six-month reassessment cycle.

And where did you read that? Cite, please.

-hh

[-hh]

On Thursday, September 28, 2023 at 6:09:09 AM UTC+9, Tommy wrote:
>….

> Oh, I forgot to rebut your "hit piece" on gas prices: Lyin' Biden has done
> EVERYTHING in his power to shut down oil and gas production in the US.

It just takes one cite to debunk Tommy:

<https://www.bhfs.com/insights/alerts-articles/2022/biden-administration-reopens-federal-lands-for-oil-and-gas-leasing-under-reformed-program>

<https://www.epa.gov/newsreleases/biden-harris-administration-announces-availability-350-million-grants-states-cut>

<https://www.forbes.com/sites/brianbushard/2022/11/26/biden-administration-allows-chevron-to-pump-oil-in-venezuela-heres-why-its-so-controversial/?sh=55dd4953ae5f>

> Had he expanded it the Russian invasion impact would have been negligible,
> or certainly manageable. But this is EXACTLY what the enviro wackos want to
> happen, and the senile pervert is too out of it to provide ANY leadership on the issue.

Nope, the markets aren’t that agile. There was a huge retraction in new exploration under
Trump, and it takes a half decade on average to open a new field, so we were screwed
even without Russia’s Ukraine disruption.

You’d better stick to topics you actually know something about, like how to count fish.

-hh

[Tommy]

I did the numbers on a Trump era house at $329k and 2.77%; the total interest paid on a 30 yr loan is $125k. A Lyin' Biden same house at $416k and 7.75% results in interest of $526k! This is OVER FOUR TIMES as much!!

BLS.GOV

[Tommy]

The markets ARE that agile.

BTW, what I worked on had NOTHING to do with "counting fish", but you are too stupid to know the difference.

[-hh]

> I did the numbers on a Trump era house at $329k and 2.77%; …

From where? Cite, please.

> … the total interest paid on a 30 yr loan is $125k. A Lyin' Biden same

> house at $416k and 7.75% results in interest of $526k! This is OVER
> FOUR TIMES as much!!

Total interest paid is always higher with higher rates; film at 11. But it’s still
not a successful diversion for your mathematically impossible “+325%!” claim.

> BLS.GOV

Conveniently vague and not linked to anything specific, like these:

<https://dqydj.com/historical-home-prices/>
< https://fred.stlouisfed.org/series/ASPUS>

Neither of which matches your claimed values. Shocking.

-hh

[-hh]

> The markets ARE that agile.

Demand has low elasticity, and for supply:

“ One study found the world's largest oil and gas fields averaged 5.5 years from
discovery to first production and took 17 years of production on average to reach
peak output. [10]. Chevron Corporation's (CVX) Gorgon natural gas development
project off the coast of Australia took 30 years to progress from discovery to
construction and nearly six more years to start producing liquefied natural gas.[11]”

“ Producing oil and gas is a complex, long and costly process. As a result,
supply is slow to respond to price signals.”

< https://www.investopedia.com/ask/answers/061115/how-long-does-it-take-oil-and-gas-producer-go-drilling-production.asp>

> BTW, what I worked on had NOTHING to do with "counting fish", but you are too stupid to know the difference.

“Led a project team to develop an ultrasonic receiver system for the detection and
tracking of acoustic transmitters implanted in juvenile salmon (JSATS).”

Yet it was important enough to you to have listed it on your resume…

-hh

[Tommy]

Google "mortgage calculator"

>
> > … the total interest paid on a 30 yr loan is $125k. A Lyin' Biden same
> > house at $416k and 7.75% results in interest of $526k! This is OVER
> > FOUR TIMES as much!!
> Total interest paid is always higher with higher rates; film at 11. But it’s still
> not a successful diversion for your mathematically impossible “+325%!” claim.

It is - do the math, Lyin' Asshole

>
> > BLS.GOV
>
> Conveniently vague and not linked to anything specific, like these:

So, you want to be SPOON FED???

[-hh]

I already did that, which is how I found your “+325%!” claim to be impossible.

But my point on asking for your cite is where did you get $329K from.

> > > … the total interest paid on a 30 yr loan is $125k. A Lyin' Biden same
> > > house at $416k and 7.75% results in interest of $526k! This is OVER
> > > FOUR TIMES as much!!
> >
> > Total interest paid is always higher with higher rates; film at 11. But it’s still
> > not a successful diversion for your mathematically impossible “+325%!” claim.
>
> It is - do the math, Lyin' Asshole

Nah, it’s that you changed horses midstream, away from monthly costs as a metric of affordability.

> > > BLS.GOV
> >
> > Conveniently vague and not linked to anything specific, like these:
>
> So, you want to be SPOON FED???

No, I want you to be able to substantiate your claims.

> > <https://dqydj.com/historical-home-prices/>
> > < https://fred.stlouisfed.org/series/ASPUS>
> >
> > Neither of which matches your claimed values. Shocking.

Hence, why one looks to see if Tommy can actually substantiate what he’s claimed;
“Strike two!” and counting…

-hh

[Tommy]

Well, I DID substantiate my claims - you are welcome to rebut them or SHUT UP!

[-hh]

I’ve already rebutted them, cupcake:

“ After all, for a 30yr per $100K, an old 3% loan

is $622/mo (before extras) whereas an 8% loan today is $933/mo, that’s just +50%.
Likewise, even a zero (0%) interest payment schedule is $278/mo, for which a
claimed +325% increase would be $1181/mo, which equates to a rate of 11.5%,

which is ~4 percentage points higher than current rates of 7.78% on 9/27/23.”

TL;DR: the only way that your “+325%!” claim was possible is with a much larger
interest rate spread than what currently exists. For example, instead of a +5 point
spread, an +11.5 point one.

-hh