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James Comer hopes for divine intervention to save him from embarrassing impeachment fiasco.
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News selectors, pages, etc.
Happy New Year !! Ring in the new year with good news!!
By islander
January 1, 2024 6:31 am
Category: News

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"Heather Long of the Washington Post said yesterday there was only one word for the U.S. economy in 2023, and that word is “miracle.”

Group of Seven (G7)—a political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, along with the European Union—with higher growth and faster drops in inflation than any other G7 country over the past three years.

Rather than cooling over the course of the year, growth accelerated to an astonishing 4.9% annualized rate in the third quarter of the year while inflation cooled from 6.4% to 3.1% and the economy added more than 2.5 million jobs. The S&P 500, which is a stock market index of 500 of the largest companies listed on U.S. stock exchanges, ended this year up 24%. The Nasdaq composite index, which focuses on technology stocks, gained more than 40%. Noah Berlatsky, writing for Public Notice yesterday, pointed out that new businesses are starting up at a near-record pace, and that holiday sales this year were up 3.1%.

Unemployment has remained below 4% for 22 months in a row for the first time since the late 1960s. That low unemployment has enabled labor to make significant gains, with unionized workers in the automobile industry, UPS, Hollywood, railroads, and service industries winning higher wages and other benefits. Real wages have risen faster than inflation, especially for those at the bottom of the economy, whose wages have risen by 4.5% after inflation between 2020 and 2023.

Meanwhile, perhaps as a reflection of better economic conditions in the wake of the pandemic, the nation has had a record drop in homicides and other categories of violent crime. The only crime that has risen in 2023 is vehicle theft." *

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Comments on "Happy New Year !! Ring in the new year with good news!! ":

  1. by Ponderer on January 1, 2024 8:24 am

    We will now hear from the MAGA Republicans in here telling us how none of that is true and we are actually living through a horrific downward-spiraling economic cataclysm that Biden has intentionally implemented to destroy the country with. Because he's a Democrat and that's just what Democrats do.

    This'll be good........

  2. by Curt_Anderson on January 1, 2024 8:58 am
    This morning on the radio’s marketplace morning report they discussed how the recession of 2023 never came to pass. One year ago even the most optimistic economists were predicting maybe a 9% rise in the stock market at best. The stock market actually rose well over 20% last year.

  3. by islander on January 1, 2024 12:00 pm

    All the GOP can hope and pray for now is that we have a serious downturn in the economy.

  4. by HatetheSwamp on January 1, 2024 12:39 pm

    We will now hear from the MAGA Republicans in here telling us how none of that is true...

    Baha, po.

    We'll have to let the MAGAs speak for themselves.

    I see two problems for the Doddering Old Fool as far as the economy is concerned.

    1. People who didn't live through the Jimmy Carter era of inflation and gas rationing think that what's happening in the economy is genuinely tragic. I remember fee free checking and getting 5%+ interest on checking account funds. "That feckless dementia-ridden piece of crap's" economy is bad but truly not horrible. But, it's a lark compared to what we geezers remember. The Flatulent Fool's losing ground among young voters who don't know what a bad economy is.

    2. I know how much grocery store prices have skyrocketed...and, we all eat, and drink, and use OTC medicines. When the Doddering Old Fool crows [or is it, eagles, baha] about how grand Bidenomics is, people know how much more expensive Oscar Mayer weenies are since Joe came on board.

    pb's already nailed it that the Fed is going to diddle interest rates to that the economy will be speeding on all 8 cylinders by election day...but voters may still think President Clouseau's a bomb.

  5. by Ponderer on January 1, 2024 1:59 pm

    Well I was wrong.

    Sorry folks. I thought his response would at least be entertaining. But he has so little to work with that he couldn't even make it that.

  6. by HatetheSwamp on January 1, 2024 2:15 pm

    po, keehee. Check out the polls. Heck! Check out the Las Vegas odds.

  7. by islander on January 1, 2024 3:58 pm

    MPD (Mad Poll Disease) is real !! 🤣

  8. by HatetheSwamp on January 1, 2024 4:12 pm

    More mad polls...and analysis by a Dem pollster who has a Flatulent Fool poster on his ceiling to pleasure himself to. [See link]

    The polls mean little to me...especially the the RCP math. The 538 mean sumpthin...

    But? Those Vegas odds. I'd pay attention were I you. Those odds makers take Dem cheating into account and still have Trump favored.

  9. by Indy! on January 1, 2024 4:40 pm

    Lot of places to get 5% interest on your money these days - including a lot of internet banks. They're advertising on TV all the time.

  10. by Curt_Anderson on January 1, 2024 4:55 pm
    That 5% interest rate is great news for HtS who is upset and concerned about the "high price" of wieners.

    Between 1951 and 2023: Hot dogs experienced an average inflation rate of 3.03% per year. This rate of change indicates significant inflation. In other words, hot dogs costing $5 in the year 1951 would cost $42.96 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.48% during this same period, inflation for hot dogs was lower.

    Price inflation of hot dogs was 2.95% in 2023. Now HtS can afford to take his wife out for an anniversary tube steak dinner.

  11. by islander on January 4, 2024 7:27 am

    More good news !!

    "The new year has hit with news flying in from a number of quarters.
    At home, minimum wage increased in nearly half of U.S. states; it has been 14 years since the last increase in the federal minimum wage, the longest stretch since 1938 according to the AFL-CIO. NPR correspondent David Gura quoted Goldman Sachs’s chief equity strategist to note, ​​”The S&P 500 index returned 26% including dividends in 2023, more than 2x the average annual return of 12% since 1986.”

    Representative Bill Johnson (R-OH) today submitted his resignation, effective January 21, to become the president of Youngstown State University. This shaves the Republican majority in the House of Representatives even thinner. With the recent expulsion of George Santos (R-NY) and resignation of Kevin McCarthy (R-CA), the Republicans will control just 219 seats, permitting them a margin of only two seats to pass legislation when the House returns on January 9.

    The Republican House has been one of the least effective in history, and it has its work cut out for it in the new year. The first phase of the continuing resolution Congress passed in November to fund the government expires on January 19, ending funding for transportation, housing, energy, agriculture, and veterans’ affairs. The second phase expires on February 2. Much of the 2018 Farm Bill that covers food and farm aid expired in 2023. As of yesterday, January 1, the items usually covered in farm bills fall under a hodge-podge of fixes, with some old provisions from the 1930s and 1940s going back into force.

    Also outstanding is the measure to provide supplemental funding for Israel, Ukraine, and the southern border between the U.S. and Mexico, as well as providing humanitarian assistance for Palestinian civilians in Gaza."

    * HCR

  12. by HatetheSwamp on January 4, 2024 7:44 am

    As I've been saying, the genius of the Swamp is that it has an interchangeable good cop and bad cop... that, people, driven by hate, will pick a side and behave stupidly, no matter how many IQ points they carry around.

    That's Heather to a T!

    Imagine a America where people are not duped... and care about what's good for each other... for us EFFINall and refuse to fall for the old Swamp good cop, bad cop routine.

    What I find encouraging is that, while libertarian thinking is becoming more pervasive, blind loyalty to the GOP is in rapid decline. If you members of the Dem cult could open your eyes, we might get somewhere.


  13. by Indy! on January 4, 2024 8:41 am

    They've been lying about the actual rate of "inflation" - and by "inflation" I mean corporate price gouging. Some items have not gone up at all - some even have gone down (like big screen TVs - they're giving those away now). But the items that actually affect people? Food, cars, healthcare... all the things we use all the time (as opposed to big screen TVs that are once a decade purchases) - have gone way up. My personal opinion - just based on the eye test - is covid made it clear people weren't going to work for peanuts anymore and corporate America knew they had to raise wages to get people back on the job. So they raised wages while also raising food costs (plus shrinking packaging) and other living expenses out the yin yang to make up the difference and increase profits. Just one example - the coffee I drink was regularly priced at $6.99 and often went on sale for $4.99 or even bogo. Now? They shrank the container 4 ounces and the regular price is $10.99. When it goes on "sale" it's $8.99 and forget about bogo - has not happened even once since covid.

  14. by Curt_Anderson on January 5, 2024 9:38 am
    More good news!

    December Jobs Report
    U.S. Job Growth Remains Strong
    The labor market showed continued resiliency in December, with employers adding 216,000 jobs last month, a sign that economic growth remains vigorous.

  15. by HatetheSwamp on January 5, 2024 9:47 am

    RCP has "that feckless dementia-ridden piece of crap" at -23% on the economy.

    I think it's because people know how much higher the grocery bill is compared to Trump's groceries.

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