President Joe Biden - Kamala Harris Administration

#27,159
#27,159
I just finished reading a weekly industry rag which had an article on our sixth gen fighter. The program is called Next Generation Air Dominance or NGAD. The USAF is estimating the per aircraft cost at $300M. These people think they are serious people. Dear Lord we are screwed.
 
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#27,166
#27,166
headhunter15 said:


Ok, I’m not the best at economics. What are we looking at? A 2008 repeat or worse?
Click to expand...


One of the hallmarks of true stagflation is high unemployment (along with low/negative growth and high inflation). We have 2 of the 3 right now but doubtful we'll have high unemployment so it won't be 70s levels problems.

I'd still rate inflation as the big problem and it's likely to be with us for a while.

Personally I don't see a major, sustained market drop but we might sideways trading for some time.
 
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#27,168
#27,168
volinbham said:
One of the hallmarks of true stagflation is high unemployment (along with low/negative growth and high inflation). We have 2 of the 3 right now but doubtful we'll have high unemployment so it won't be 70s levels problems.

I'd still rate inflation as the big problem and it's likely to be with us for a while.

Personally I don't see a major, sustained market drop but we might sideways trading for some time.
Click to expand...
but doubtful we'll have high unemployment
What makes you think that?
 
#27,169
#27,169
volinbham said:
One of the hallmarks of true stagflation is high unemployment (along with low/negative growth and high inflation). We have 2 of the 3 right now but doubtful we'll have high unemployment so it won't be 70s levels problems.

I'd still rate inflation as the big problem and it's likely to be with us for a while.

Personally I don't see a major, sustained market drop but we might sideways trading for some time.
Click to expand...

This could ensure Republicans take the White House for multiple elections. Assuming, elections are fair…
 
#27,170
#27,170
volinbham said:
One of the hallmarks of true stagflation is high unemployment (along with low/negative growth and high inflation). We have 2 of the 3 right now but doubtful we'll have high unemployment so it won't be 70s levels problems.

I'd still rate inflation as the big problem and it's likely to be with us for a while.

Personally I don't see a major, sustained market drop but we might sideways trading for some time.
Click to expand...
As long as employment levels are maintained I think we will have a recession however it shouldn’t be as severe as Carter era since employment income will still be available to fuel our consumerism. And with boomers continuing to leave the work force could mean ample employment opportunities for the rest. The wild card is productivity. As long as company production efficiency is maintained then profits should remain good which will support employment. If profits erode significantly then Katie bar the door I think it all falls apart.

So I think a shallow but perhaps longer than usual decline is likely. If company profits erode due to all the head winds then employment support erodes and it all falls apart.
 
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#27,171
#27,171
NorthDallas40 said:
As long as employment levels are maintained I think we will have a recession however it shouldn’t be as severe as Carter era since employment income will still be available to fuel our consumerism. And with boomers continuing to leave the work force could mean ample employment opportunities for the rest. The wild card is productivity. As long as company production efficiency is maintained then profits should remain good which will support employment. If profits erode significantly then Katie bar the door I think it all falls apart.

So I think a shallow but perhaps longer than usual decline is likely. If company profits erode due to all the head winds then employment support erodes and it all falls apart.
Click to expand...
We didn’t have housing bubble or both monetary and supply and demand inflation
on top of a massive fed debt
 
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#27,172
#27,172
Orangeburst said:
We didn’t have housing bubble or both monetary and supply and demand inflation
on top of a massive fed debt
Click to expand...
Eh there were plenty of head winds back then. But I agree with bham on employment I don’t see the bottom dropping out as long as companies can maintain some semblance of profits. If those erode rapidly then the goto quickest hit to immediate cost reductions is to cut payrolls. Always has been.
 
#27,173
#27,173
headhunter15 said:
This could ensure Republicans take the White House for multiple elections. Assuming, elections are fair…
Click to expand...

I think the next one will be a gimme anyway , the Rs will take it from “ giggles” the first female , AA/ Indian / Ms. potato head in American history . My prediction is that the Dems get slaughter in the house and senate, Biden either resigns due to health or more likely , as the ultimate sacrifice to the left and the first woman President , probably in his 3rd year , then she gets steam rolled by anybody that’s able to form a complete sentence without a teleprompter.
 
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#27,174
#27,174
0nelilreb said:
I think the next one will be a gimme anyway , the Rs will take it from “ giggles” the first female , AA/ Indian / Ms. potato head in American history . My prediction is that the Dems get slaughter in the house and senate, Biden either resigns due to health or more likely , as the ultimate sacrifice to the left and the first woman President , probably in his 3rd year , then she gets steam rolled by anybody that’s able to form a complete sentence without a teleprompter.
Click to expand...
I think that ignorant incompetent wench will do massive damage for any amount of time she is in office however.
 
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#27,175
HHS Secretary Denies That Biden Administration Incentivizes Doctors To Implement ‘Anti-Racism’ Policies

WASHINGTON — Health and Human Services Secretary Xavier Becerra denied Wednesday that the health department has a policy incentivizing doctors to implement anti-racism plans in their clinics.

Questioned by Republican Alabama Rep. Gary Palmer about the anti-racism policy, which the congressman suggested undermines confidence in physicians, Becerra replied: “We don’t have a policy as you’ve described. Our policy is to try to tackle the disparities that we see in healthcare access.”

“Much of this is driven by the mis and disinformation,” said the HHS secretary, who did not immediately respond to a request for comment from The Daily Wire. “I would challenge you to show me where in our policies we call anything we are doing anti-racism policies. We are simply trying to make sure everyone has equal access to healthcare.”

Becerra either purposefully misled the public on this point or is ignorant of his own department’s policies, Do No Harm chairman Dr. Stanley Goldfarb suggested: More than 1,000 pages into the Department of Health and Human Services’s fiscal planning for 2022 lies a proposal to “create and implement an anti-racism plan.”

HHS Secretary Denies That Biden Administration Incentivizes Doctors To Implement ‘Anti-Racism’ Policies | The Daily Wire
 
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