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Author: mechinv   😊 😞
Number: of 48490 
Subject: Bidenomics is working
Date: 10/06/2023 8:00 PM
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1. 336K new jobs added in September absolutely blew away expectations. Unemployment rate at 3.8% continues at record lows.

2. We're already seeing lower gas prices at the pump. You can get gas at $2.99/gallon in about half of all states, thanks to falling oil prices.

3. Biden administration got drug makers like Eli Lilly to lower insulin prices by 70%. Other expensive drugs prices have also been forced lower, thanks to the Inflation Reduction Act. Good news for seniors.

4. Inflation running at about 3.7% YoY. Not as good as 2%, but far better than the 8% we had.

5. You can get 5% interest guaranteed in a CD or T-bill. Good news for savers. Cash is no longer trash.

Looks like we're in a Goldilocks-type economy, which is why the stock market rallied today.

"From a sector perspective, leisure and hospitality led with 96,000 new jobs. Other gainers included government (73,000), health care (41,000) and professional, scientific and technical services (29,000)."

https://www.cnbc.com/2023/10/06/jobs-report-septem...
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Author: alan81   😊 😞
Number: of 48490 
Subject: Re: Bidenomics is working
Date: 10/06/2023 10:02 PM
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Most are unwilling to say it, but that huge round of inflation was really good at shrinking the national debt...
Alan
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Author: LurkerMom   😊 😞
Number: of 48490 
Subject: Re: Bidenomics is working
Date: 10/07/2023 3:16 PM
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2. We're already seeing lower gas prices at the pump. You can get gas at $2.99/gallon in about half of all states, thanks to falling oil prices.

Today's AAA National Average $3.722 Price as of 10/7/23

https://gasprices.aaa.com/state-gas-price-averages...

In my town gas prices are at $3.59 per gallon.

3. Biden administration got drug makers like Eli Lilly to lower insulin prices by 70%. Other expensive drugs prices have also been forced lower, thanks to the Inflation Reduction Act. Good news for seniors.

Great on the price of insulin but prices on COPD inhalers and related RX have gone up in price.

4. Inflation running at about 3.7% YoY. Not as good as 2%, but far better than the 8% we had.

Have you been grocery shopping of late? Prices are still high and most likely will never come back down. It is the norm now.

5. You can get 5% interest guaranteed in a CD or T-bill. Good news for savers. Cash is no longer trash.

Fine if you are cash rich. Most people have had to dip into their savings and their 401k.

Looks like we're in a Goldilocks-type economy, which is why the stock market rallied today.

Today? Stock markets could drop on a whim.

"From a sector perspective, leisure and hospitality led with 96,000 new jobs. Other gainers included government (73,000), health care (41,000) and professional, scientific and technical services (29,000)."

Leisure and hospitality? They are the low paying jobs, waitress, motel/hotel employees etc.
government jobs? right..more IRS jobs, just what we need.(lol)
Health care and etc? Well, perhaps that will count for something.





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Author: Lapsody 🐝  😊 😞
Number: of 48490 
Subject: Re: Bidenomics is working
Date: 10/07/2023 6:12 PM
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LM: In my town gas prices are at $3.59 per gallon

Average Regular Gas Price Comparison by State

  
State Price Trend,

Mississippi 3.125 -0.015,
Georgia 3.127 -0.017
South Carolina 3.172 -0.014
Louisiana 3.198 -0.025
Texas 3.201 -0.026
Alabama 3.210 -0.014

https://www.gasbuddy.com/usa

This is average by state. Aren't you in CA? CA is always high.

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Author: LurkerMom   😊 😞
Number: of 48490 
Subject: Re: Bidenomics is working
Date: 10/07/2023 7:08 PM
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This is average by state. Aren't you in CA? CA is always high.

No I'm in upstate Wisconsin.

Average Gasoline Prices Under The Past Four Presidents

https://www.forbes.com/sites/rrapier/2023/03/08/av...
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Author: mechinv   😊 😞
Number: of 48490 
Subject: Re: Bidenomics is working
Date: 10/07/2023 11:54 PM
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Today's AAA National Average $3.722 Price as of 10/7/23

That's the average, not the cheapest. I stand by my statement that you can get gas at $2.99/gal at half of all US states if you shop around. Here are some cheap prices I found on gasbuddy.com.

Georgia      $2.69  Costco, Cumming GA
Illinois $2.99 Murphy USA, Effingham IL
Kansas $2.87 Sam's Club, Wichita, KS
Mississippi $2.76 Sam's Club, Southaven MS
Texas $2.69 Citgo, Houston TX
Virginia $2.99 Dodge's, Norfolk VA
Wisconsin $2.89 Costco, Menomonee Falls WI

I'll leave it up to the readers here to find the cheapest prices in their state using gasbuddy.com.

Great on the price of insulin but prices on COPD inhalers and related RX have gone up in price.

Thanks to President Biden's Inflation Reduction Act, Medicare beneficiaries are already paying less out of pocket for 27 prescription drugs whose prices rose faster than inflation last year.

Seniors are seeing their cost sharing drop by between $2 and $390 per average dose for the medications, which are used by patients with several types of cancer, fungal infections, acne, rheumatoid arthritis, chronic kidney disease and urinary tract infections, among other conditions.

Prices are still high and most likely will never come back down. It is the norm now.

Except for 2009, prices have never come down over the past 50 years (since 1972). I remember when hamburgers were 50 cents, and gas was 33 cents/gal - they're never heading back down to those prices. Every new year since 1972 set a new higher normal for prices. That's how inflation works. Take a look at this chart showing inflation each year:

https://www.in2013dollars.com/us/inflation/1972?am...

You'll see that the 3.7% we have now at the far right of the chart is quite normal, and is the same as what we had in 2005, 2008 and 2011. The 8% we had in 2022 was most definitely high, but we've seen it before in the mid 70's and early 80s. People were screaming about high prices back then, too, but we had to get used to it. They never came back down.

SS recipients get an annual COLA adjustment to keep up with inflation, and last year's COLA raise was one of the biggest over. If you're not an SS recipient and you're working, you have to ask your employer for a raise that helps you pay the bills. It's always been that way. At least we don't live in Argentina where inflation hit 124% this year.

government jobs? right..more IRS jobs, just what we need.(lol)

What's with all the government bashing? Try surviving through a devastating hurricane without FEMA, or your house catching fire without a fire department.



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Author: LurkerMom   😊 😞
Number: of 48490 
Subject: Re: Bidenomics is working
Date: 10/08/2023 12:22 PM
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Wisconsin $2.89 Costco, Menomonee Falls WI

Costco will give you a rebate slip at the cash register for a few cents off per a gallon of gas. I live miles away from any Costco store as well as other Wisconsinites.
The further north you go in Wisconsin the higher the price of gas.

Thanks to President Biden's Inflation Reduction Act, Medicare beneficiaries are already paying less out of pocket for 27 prescription drugs whose prices rose faster than inflation last year.

ONLY 27? woopiedo.

Seniors are seeing their cost sharing drop by between $2 and $390 per average dose for the medications,

And what if you are not a Senior on medicare? Do you have any idea the cost of health insurance for the average working class citizen, not to mention the heigh cost of upfront deductibles even if one has insurance with his employer?
No, I didn't think so.

Per your link, '$1 in 1972 is worth $7.35 today' Didn't you notice how high inflation spiked during the Biden's time in office according to the chart?

What's with all the government bashing? Try surviving through a devastating hurricane without FEMA, or your house catching fire without a fire department.

And that's why we pay taxes to support these agencies.

Now let's get back to Bidenflation we have to pay out for aside our paying taxes.









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