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The Biden Recovery

The Biden Recovery

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no1marauder
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US Real Gross Domestic Product grew by 6.5% in the Second Quarter and now is at an all-time high "real GDP surpassed its previous high from before the pandemic struck, in the final quarter of 2019." https://www.msn.com/en-us/money/markets/3-great-things-about-the-american-economy-in-the-gdp-report-and-one-bad-thing/ar-AAMIv69

Consumer spending, which accounts for more than 2/3 of the US economy soared 11.8% on an annual basis "vastly higher than the average growth rate of around 2.6% between 2017 and 2019."

Businesses are more optimistic than AJ and our right wing brethren here; "Real spending on equipment grew 13.0% on an annual basis, or about three times faster than the average 3.9% rate between 2017 and 2019."

Congratulations, Joe!

AverageJoe1
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@no1marauder said
US Real Gross Domestic Product grew by 6.5% in the Second Quarter and now is at an all-time high "real GDP surpassed its previous high from before the pandemic struck, in the final quarter of 2019." https://www.msn.com/en-us/money/markets/3-great-things-about-the-american-economy-in-the-gdp-report-and-one-bad-thing/ar-AAMIv69

Consumer spending, which accounts for more ...[text shortened]... about three times faster than the average 3.9% rate between 2017 and 2019."

Congratulations, Joe!
This synopsis is quite brief to explain the everything about the good months we are having . Brief indeed. Like, the answers are all in those few sentences. And it is like there is no downside. Should we willy-nilly invest in the markets? But What about the guys who are shorting the S&P?
And no mention is made in this post about the trillions which is about to be created, and spent, if the republicans cannot stop it. Does everyone here think it will not contribute to inflation, which Biden said last week? Why, is he LYING!!??
No mention about gas going up 10 cents in one week, this week. Yeah, a lot of stuff left out. Looks like a wait-and-see scenario. Anyway, up to now, yes, AvJoe has really really enjoyed the ride. But time to review some things, yessir.

This was a simple response, there is a member here who believes all of my analogies to be true, I just found out, so I will be careful to keep him in the loop.

no1marauder
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@averagejoe1 said
This synopsis is quite brief to explain the everything about the good months we are having . Brief indeed. Like, the answers are all in those few sentences. And it is like there is no downside. Should we willy-nilly invest in the markets? But What about the guys who are shorting the S&P?
And no mention is made in this post about the trillions which is about to ...[text shortened]... eves all of my analogies to be true, I just found out, so I will be careful to keep him in the loop.
Actually, the price of a gallon of regular went up less than a penny over last week's national average. https://gasprices.aaa.com/

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@no1marauder said
Actually, the price of a gallon of regular went up less than a penny over last week's national average. https://gasprices.aaa.com/
Most here would disagree with you in their respective towns. Hey, anybody have just a 1 cent increase (or less) at their go-to gas purveyor? Naaa, I didn't think so.

no1marauder
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1 edit

@averagejoe1 said
Most here would disagree with you in their respective towns. Hey, anybody have just a 1 cent increase (or less) at their go-to gas purveyor? Naaa, I didn't think so.
Refusal to accept reality is now the standard position of right wingers when they don't like the facts.

AAA surveys 120,000 gas stations across the country every day to get their figures.https://gasprices.aaa.com/about-aaa/

AverageJoe1
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@no1marauder said
Refusal to accept reality is now the standard position of right wingers when they don't like the facts.

AAA surveys 120,000 gas stations across the country every day to get their figures.https://gasprices.aaa.com/about-aaa/
Factually, on the ground reasoning. I have driven through several towns today and it is 10cents more in South Carolina than it was last week. It was $2.89, it is $2.99. Anyone else have that happen?

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I saved 16 cents on my 4th of July BBQ thanks a pant-load Joe!

no1marauder
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@averagejoe1 said
Factually, on the ground reasoning. I have driven through several towns today and it is 10cents more in South Carolina than it was last week. It was $2.89, it is $2.99. Anyone else have that happen?
Actually, the average price in South Carolina dropped about a penny since last week. https://gasprices.aaa.com/?state=SC

Maybe you should check your eyeglass prescription.

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@no1marauder said
Actually, the average price in South Carolina dropped about a penny since last week. https://gasprices.aaa.com/?state=SC

Maybe you should check your eyeglass prescription.
Are you missing a golf game to look all this up?

no1marauder
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@averagejoe1 said
Are you missing a golf game to look all this up?
"to play golf is to spoil an otherwise enjoyable walk.”

Attributed, apparently incorrectly, to Mark Twain (https://quoteinvestigator.com/2010/05/28/golf-good-walk/) but still accurate.

A better saying though not quite as succinct: "[Golf has] too much walking for a good game and just enough game to spoil a good walk."

AverageJoe1
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@no1marauder said
"to play golf is to spoil an otherwise enjoyable walk.”

Attributed, apparently incorrectly, to Mark Twain (https://quoteinvestigator.com/2010/05/28/golf-good-walk/) but still accurate.

A better saying though not quite as succinct: "[Golf has] too much walking for a good game and just enough game to spoil a good walk."
I'm covered, I do a cart, and, I have RHP on my computer mounted on steering wheel, don't want to miss Sonhouse, et al..... and, Suzianne's brandishing the Constitution around. She thinks all of the answers are right in there...I kid you not.

Mott The Hoople

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@no1marauder said
Actually, the average price in South Carolina dropped about a penny since last week. https://gasprices.aaa.com/?state=SC

Maybe you should check your eyeglass prescription.
one year ago gas price was $1.13 per gallon

over 100% increase in a year …dont tell libs though, they think dems are against the big rich guys

AverageJoe1
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@mott-the-hoople said
one year ago gas price was $1.13 per gallon

over 100% increase in a year …dont tell libs though, they think dems are against the big rich guys
I'm sure Marauder will have an answer....give him time, he is gone into his dungeon to google all this. He seems to think everything is all right for his maid who is paying a whole lot to drive to his house. Apparently, he sees no uptick?? I must be misreading a lot of the liberal threads. One of them wants my stuff!!! That cannot be true, so I must be mis-reading.

no1marauder
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@mott-the-hoople said
one year ago gas price was $1.13 per gallon

over 100% increase in a year …dont tell libs though, they think dems are against the big rich guys
Where?

In the middle of the pandemic recession one year ago, the national average was $2.19 a gallon. https://gasprices.aaa.com/

AverageJoe1
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@no1marauder said
Where?

In the middle of the pandemic recession one year ago, the national average was $2.19 a gallon. https://gasprices.aaa.com/
Why is it so much higher? Yo must be related to Biden, maybe a nephew....who paints??? Why is it so much higher? It dropped during Trump years. Wish I would have filled up before last November .
Help me Rhonda, you people are really screwy. Always searching, as one of my coffee buddies put it. Another one said 'yeah, for other people's stuff'. Funny I thought that I was the only one who had figured that out.

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