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    Biden needs to have it descheduled.

    I could have swore that was one of his campaign promises. He needs to follow through with it before the election.
     
    samiam5211 said:
    Biden needs to have it descheduled.

    I could have swore that was one of his campaign promises. He needs to follow through with it before the election.
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    I agree, it is sloooowly getting closer

    Department of Health and Human Services wants to reclassify marijuana

    small step in the right direction https://www.politico.com/news/2023/08/30/marijuana-review-move-to-schedule-iii-00113493The health agency wants the drug moved from Schedule I to Schedule III under the CSA, potentially the biggest change in federal drug policy in decades.HHS Assistant...
    madaboutpolitics.com madaboutpolitics.com
     
    MT15 said:
    Biden sure did a great job with inflation didn’t he? lol

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    You're probably mocking, and we do judge presidents on it, but it's the fed's monetary policy that is directly related to inflation. In addition, I read that possibly the feds over reacted on raising interest as the cause to rising inflation may have been transitory (supply chain issues and stimulus spurring increase demand vs systemic causes like wage increases that raised demand). To further this idea that the feds rate increase may not be the cause of falling inflation (transitory argument) is that the lag period...damn memory failing..is 1.2 years? We are well within that period.

    I saw on post.news yesterday that had a poll of economists from a year ago, and 85% of them believed a recession would happen.

    Regardless, this economy is rocking, and hopefully will continue.

    Our Drunken Sailors Started the Holiday Binge, Fueled by Disposable Income that Outran Inflation by a Wide Margin | Wolf Street

    wolfstreet.com

    Per-capita disposable income, adjusted for inflation, jumped by 0.4% in November from October, the biggest increase since March 2023, and beyond that since peak-stimulus-March 2021, according to the Bureau of Economic Analysis today.
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    Year-over-year, per-capita disposable income, adjusted for inflation, jumped by 4.3%. That’s a huge relief, after having fallen woefully behind inflation in 2022. In other words, per-capita disposable income has been outrunning inflation by 3 to 5 percentage points all year. This is where the money came from to do all this spending:
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    And my anecdotal evidence, I went to Walmart to buy a few items, and it was packed. Guy in front of me had a cart full of toys.
     
    UriUT said:
    You're probably mocking, and we do judge presidents on it, but it's the fed's monetary policy that is directly related to inflation. In addition, I read that possibly the feds over reacted on raising interest as the cause to rising inflation may have been transitory (supply chain issues and stimulus spurring increase demand vs systemic causes like wage increases that raised demand). To further this idea that the feds rate increase may not be the cause of falling inflation (transitory argument) is that the lag period...damn memory failing..is 1.2 years? We are well within that period.

    I saw on post.news yesterday that had a poll of economists from a year ago, and 85% of them believed a recession would happen.

    Regardless, this economy is rocking, and hopefully will continue.

    Our Drunken Sailors Started the Holiday Binge, Fueled by Disposable Income that Outran Inflation by a Wide Margin | Wolf Street

    wolfstreet.com




    And my anecdotal evidence, I went to Walmart to buy a few items, and it was packed. Guy in front of me had a cart full of toys.
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    Yeah, mocking the Rs for blaming Biden for world wide inflation. So, to my mind, they should praise him now that inflation has eased.
     
    MT15 said:
    Yeah, mocking the Rs for blaming Biden for world wide inflation. So, to my mind, they should praise him now that inflation has eased.
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    Agreed. He definitely deserves more recognition.

    Interestingly enough and because we discussed this during the rise of inflation, there is enough data and using a certain methodology, a lesser known economist determined that the EU, Britain and the US had divergent reasons for the high inflation. There were common contribution like supply chain problems due to covid. But because the US spent more on the stimulus packages, a significant percentage of inflation in the US was related to that. Contrast that with the EU, where a significant part was due to the Russian invasion. Interesting point on why the EU suffered higher inflation rates in a world wide phenomenon.

    Ah here is the link to his blog.

    www.moneymacro.rocks

    Is This The End of Inflation?

    This is the path of inflation in the United States, the UK, and Euro Area. After being stable around 2% for years, inflation suddenly jumped up to around 10% after the pandemic, while the price of some essentials like food and energy went up by even more than that, leading...
    www.moneymacro.rocks www.moneymacro.rocks
     
    Last edited:
    MT15 said:
    Yeah, mocking the Rs for blaming Biden for world wide inflation. So, to my mind, they should praise him now that inflation has eased.
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    My take has always been that Prsidents have relatively little influence over macroeconomics. There's undoubtedly some, but it's minimal, and it almost always takes multiple business cycles for public policy changes to fully take.

    The Fed has a far larger impact than anything a given President can do. Congress and the President have some levers, but they're usually limited in scope. The Fed on the other hand controls the money supply and interest rates to a large degree. That's where the real power lies.
     
    SaintForLife said:
    They keep telling us the economy is in good shape. Most people know that's not true and it will be the biggest reason why Biden loses.

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    Been that way for years. Wealth has been pumped upwards for decades.
     
    bird said:
    Been that way for years. Wealth has been pumped upwards for decades.
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    And the total irony here is that Trump will definitely increase that movement of wealth. It’s not like we don’t have evidence of what he will do. He will make the wealthier more wealthy. He already did it in his first term and he promises to do it again. Yet people like SFL are totally fooled into thinking down is up.
     
    MT15 said:
    And the total irony here is that Trump will definitely increase that movement of wealth. It’s not like we don’t have evidence of what he will do. He will make the wealthier more wealthy. He already did it in his first term and he promises to do it again. Yet people like SFL are totally fooled into thinking down is up.
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    They really believe that Trump is some kind of "populist" that's looking out for the little guy. :smilielol::smilielol::smilielol:

    That's how brainwashed they are.
     
    MT15 said:
    And the total irony here is that Trump will definitely increase that movement of wealth. It’s not like we don’t have evidence of what he will do. He will make the wealthier more wealthy. He already did it in his first term and he promises to do it again. Yet people like SFL are totally fooled into thinking down is up.
    Click to expand...
     

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