My Facebook Time Capsule...
Today is two days after the 2020 election.
Inflation Nov 2020 1.2 %.
Gasoline is currently $1.80-2.10 per gallon.
Interest rates are 2.65% for a 30-year mortgage.
Consumer prices increase 1.2 percent for the 12 months ending November 2020.
Our GDP growth for the 3rd Qtr was 33%.
We had the best economy ever until COVID and it is recovering well at this point.
We have not had any new wars or conflicts in the last 4 years.
North Korea has been under control and has not been testing any missiles. Isis has not been heard from for over 3 years.
The housing market is the strongest in over 20 years.
Homes have appreciated at an unbelievable rate and sell within hours of going on the market, with multiple offers.
So where do we stand now?
I know, but do you?
This is what I will say... we are seeing good times right now... compared to what we will see if they get that BBB to pass.
I like the Infrastructure Bill... there is some garbage in it... but there is some good in it too.
But if that gargantuan monstrosity BBB ever becomes a reality this country will be in the crappers and today's America will look prosperous and positively great in comparison.
One thing I am certain most Americans are unaware of... Americans will go from middle of the road taxation to highest taxation in the world if the BBB passes. If you work for a living kiss goodbye about 20% of what you currently take home in pay.
My Facebook Time Capsule
Stock Market: 26,925 (36,319 today)
Number of people vaccinated: 0
Amount of US currency printed: $300 billion
Production of goods: down around 25%
Supply of homes: In August, September and October of 2020, the months' housing supply fell to just 3.5 months, the lowest on record, pushing housing prices through the roof.
Crude production: down 67,000 barrels per month from the December 2019 high point
(The above stats is the welcome to the cause of inflation)
2020 budget deficit: $3.283 trillion, a new record and twice as much as any deficit in US history
Unemployment rate: 6.7%, two points higher than when Trump assumed office (now just 4.6%)
Unemployment claims: 720,000 (now just 254,000)
North Korea stops launching missiles at the start of the pandemic, not because of Trump as evidenced by 2019 totals when they had 10 separate dates of launches. In 2021, that number is just six.
We literally assassinated another country's top general and had our troops attacked as a consequence. That's definitely conflict.
3rd Quarter GDP was 33.8% after a record fall of 31% in Q2.
Hatch Act Federal Law Breaking: 13 open violations
White House Covid cases: 35
Trump Secret Service Covid cases: 881
Not everyone was singing Kumbaya.
Inflation Nov 2020 1.2 %.
Oct 2021 inflation rate in the US surged to 6.2%
Nothing is better than a good chart to provide facts
https://tradingeconomics.com/united-sta … lation-cpi
Gasoline is currently $1.80-2.10 per gallon.
Current Avg. $3.417 today
https://gasprices.aaa.com/
Interest rates are 2.65% for a 30-year mortgage.
Nov 2021 30-yr fixed 3.346%
Our GDP growth for the 3rd Qtr was 33%.
What is GDP growth today?
Current-dollar GDP increased 7.8 percent at an annual rate, or $432.5 billion, in the third quarter to a level of $23.17 trillion.
We have not had any new wars or conflicts in the last 4 years.
ONE WORD Afghanistan ...
North Korea has been under control and has not been testing any missiles. Isis has not been heard from for over 3 years.
https://www.bbc.com/news/world-asia-585 … cy%20said.
COVID FACT -- More Americans died from COVID-19 during the first nine months of the year than during the first nine months of the pandemic under Donald Trump’s presidency, according to data from Johns Hopkins University. Despite widely available vaccines and Mr. Biden’s pledge to handle the coronavirus better than his predecessor after taking office Jan. 20, Johns Hopkins’ Coronavirus Research Center reported that, as of Wednesday afternoon, 353,000 Americans had died this year. That surpassed the 352,000 who died from March 2020, when the pandemic started, to December, when the Food and Drug Administration first gave emergency authorization for vaccines. https://www.washingtontimes.com/news/20 … n-trump-j/
He promised to rid us of COVID... He has not done anything to get the virus under control. but talk about it. Has he taken any steps to stop the spread? No... Has he done anything but put forth some mandates, that clearly are not needed? No. Has he taken any bold steps, as Trump clearly did? No
All of the people in Trump's Secret Service have good natural immunity to COVID. As does Trump. I look at this fact as a positive.
All your stats can be attributed to due to COVID. Trump had a very good economy actually up until a month or so before he left office., even with a once-in-a-lifetime world pandemic. Biden has clearly ruined the economy. This inflation is all of his own doing, and I expect it to get much much worse. So many economists are stating this inflation is going to get worse. Not sure how you can stay on board with this man? May be time to toss in your chips.
"We literally assassinated another country's top general and had our troops attacked as a consequence. That's definitely conflict."
Trump in no respect looked at Iran as a nation that supported terrorism and had no intention of ever dealing with them. General Soleimani was a terrorist.
"https://www.defense.gov/News/Releases/release/article/2049534/statement-by-the-department-of-defense/
by Faye V 3 years ago
Yep, well put.
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