Impact of election on market

Biden now has Bernie Sanders with him on his agenda. Joe will ‘spend spend spend’ even without a recession or a Pandemic.

2 Likes

It’ll take a filibuster proof majority in the senate. We’ve seen how a simple majority in the senate is meaningless.

Bernie/Kamala and Biden will get it done.

Did someone hear an echo?

In other news, what is wrong with Trump’s right foot?

1 Like

Fact is historically both the economy and stock market perform better under Democratic presidents.

Right wingers can hear that directly from their Dear Leader.

watch the trailer.

Is this the socialism right wingers warn us about?

White House moves to halt evictions as fears of coronavirus-fueled housing crisis grow

1 Like

No kidding. Democrats are all about regulation and rent seeking behavior. That benefits big business and makes it brutal for small businesses. You’ve claimed you’re against rent seeking behavior, but I doubt it.

1 Like

Whenever anyone says ‘Look look there’s Trump’ and ‘they’ will jump off the cliff in retaliation :wink: , forgetting they are dying in the process. It’s an effective way to misdirect the sheep.

1 Like

Well, for some reason it works. Data is data.

Who are these dying sheep? :wink:

1 Like

They will cut off their noses to spite the face. :smiley:

1 Like

Please post the link.

In this context, Did you examine the COLA link that was posted earlier by me in some thread?

1 Like

Well I was told in the Covid thread by one of you guys that the level doesn’t matter, the fact that America’s Covid cases are trending down but some EU countries’ are trending up means we are doing better than them. :wink:

In this case just focus on the fact that GOP districts’ GDP and income are both falling, while for the Dems they are both rising.

Let me know if the goal post moves again. :wink:

what level?

Talking of goalposts, one of you guys(well it was you) moved from gdp->covid->gdp->germany->grading on a curve->bla bla bla bla… :slight_smile:

Give you more things to move your goalpost to. :wink:

Productivity soared in Dem districts must be a bad thing? Or is it the share of foreign-born population? :wink:

Oh I know. Basic manufacturing and agriculture! GOP districts are great at these. :wink:

There you go.

Here’s the full post @cost of living.

@cost of living

The percentage, number, and distribution of families that are considered poor under federal poverty guidelines would change dramatically in many central cities
if regional differences in the cost of living were recognized. In high-cost areas on the East and West coasts, the poor population would increase substantially both in real and proportional terms. Cities like New York, NY and Los Angeles, CA rank among those with the greatest increases in both the number and proportion of poor families under COL- adjusted standards. However, cities in lower-cost areas of the South and West, such as El Paso, TX and Shreveport, LA, have among the largest declines in the number and share of poor families once living costs are taken into account.
Adjusting federal poverty guidelines for regional differences in the cost of living has a considerable impact on the number of families eligible for public programs. Overall, the share of families eligible for Early Head Start and Head Start as well as the National School Lunch Program would increase 29 percent in large cities across the country. San Francisco, CA, San Jose, CA, and Bridgeport, CT experience the largest increases in eligibility for these programs, while San Antonio, TX, Corpus Christi, TX, and El Paso, TX see the largest declines in the eligible population under COL-adjusted guidelines .

In my calculation, @70% of CA population live in San Fran Bay Area, Los Angeles metro,San diego Metro, and Sacramento metro.

brookings.edu

0317_costofliving_curran.pdf

1183.18 KB

Anecdotally, I haven’t ever seen so many people line up for gas for a meager 10-20C/gallon savings like in Bay Area, which is so unlike lower cost urban areas . The savings ironically, won’t even pay for one monthly burger meal at a fast food joint for most usual bay area commutes.

https://www.sacbee.com/news/california/article234920662.html

For California, that means another reminder that the state’s poverty rate of 18.2 percent is exceeded only by Washington DC, which has a poverty rate of 18.4 percent WHEN YOU ACCOUNT FOR THE COST OF LIVING. It accounts for about 1 in every six residents.

1 Like

Some more stats from the report:

Democratic-voting districts have seen their share of adults with at least a bachelor’s degree rise from 28.4% in 2008 to 35.5%. For their part, Republican districts have barely increased their bachelor’s degree attainment beyond 26.6% and have meanwhile become notably whiter and older.

Just since 2008, Democratic districts’ share of professional and digital services employment surged from 63.7% to 71.1%, while their share of the nation’s manufacturing and extractive activities shrunk from 53.8% to 43.6% and 46.1% to 39.5%, respectively. Conversely, Republican districts—failing as a group to gain traction in the new sectors—have reverted to more “traditional” ones. GOP districts’ professional and digital employment fell from 36.3% to 28.9% of the total in just 10 years, for example, while their shares of manufacturing and agriculture-mining increased from 46.2% to 56.4% and 53.9% to 60.5%, respectively.

Which of these is more in line with the economy of the future?