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Stock Market Now Lower Than When Biden Was Installed

And during the debates preceding the election, Trump warned the stock market would tank if Biden was elected. Don't worry though. The WH changed the definition of a recession, said inflation wasn't a problem (even though food and energy have been removed from the CPI market basket) and that the economy is in a good position.

https://dcenquirer.com/joe-biden-stock-market-crash/
graphite · 61-69, M
But no mean Tweets! Yes, we all have to worry about the FBI breaking down our doors as Trump supporters but hey - no mean tweets! Yay!
carpediem · 61-69, M
The media just falls in line with this nonsense.
calicuz · 56-60, M
I swear, they make this stuff up as they go along, and they expect us to believe and trust them.
Who are they trying to fool, us or themselves?
@calicuz It's a complete joke. It's right there in front of our eyes for all too see, and the Biden administration simply denies it.
DallasCowboysFan · 61-69, M
Not only is the stock market lower, but so is the purchasing power of your paycheck with 9 percent inflation.
graphite · 61-69, M
@DallasCowboysFan But no mean tweets and Democrats are fighting white supremacists - all 3 of them - and pushing, pushing, pushing for unlimited abortion and genital mutilation of children.
@DallasCowboysFan 9% is understated too. The market basket used for the CPI excludes food and energy. Years ago, those products were included in the mix to calculate inflation. The truth is we're probably well over 20%.
DallasCowboysFan · 61-69, M
@BizSuitStacy Yeah, the CPI is a moving target. They keep changing the formula to make it more politically favorable.

It's worse for the EU.

They have to buy fuel priced in dollars and their currency has dropped 25 % ? in the last year. Last year it was about 1.18 / 1.15 to the dollar and now it is .96.
Roadsterrider · 56-60, M
No matter what they say, the average Joe is paying more and getting less for everything. And inflation knows no boundry, it is hurting conservatives as well as liberals and moderates and independents. I hope to think that they are realizing progressive policy is what is eating at their 401K, their savings and their monthly budget.
@Roadsterrider You're right. It's hurting everyone, including those who pulled the lever for Biden.
Ravens80 · 46-50, F
Everything is up except peoples savings and net worth!
HoraceGreenley · 56-60, M
Elect Joe Biden?
Heartlander · 80-89, M
The new jobs and low unemployment numbers are measures of inflation. As the price of everything keeps climbing, more and more Americans have to work to make ends meet. Stay at home moms or dads can no longer stay at home. Retirees with fixed income have to go back to work to cover the rising cost of everything.

Watching Biden pointing to lower unemployment numbers and new jobs as something positive does little more than forecast a near future crash.
nudistsueaz · 61-69, F
@nudistsueaz Not really.
nudistsueaz · 61-69, F
@BizSuitStacy Me either and no one should be. It was expected.
nudistsueaz · 61-69, F
@nudistsueaz it's what we expected
Most people are against capitalism running the economy.
@BizSuitStacy capitalism is tanking every four years.
@Roundandroundwego Every 4 years? Not every 3 years...not every 5 years...it has to be every 4, right?
nudistsueaz · 61-69, F
@Roundandroundwego Are you sure it's not socialism tanking?

 
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