Free Republic

We're sure this is fine. Let's keep doing Bidenomics and not trying anything else. The typical salary required nationwide for homeownership is now $106,500 — a 61% increase from the $59,000 required just four years ago, according to Zillow. — unusual_whales (@unusual_whales) June 25, 2024 A Community Note points out that's not a 61%, but 80.5%. Even better. We're literally screwed pic.twitter.com/BecnnCa8jE — Pumponomics (@ClownPeasant) June 25, 2024 Very screwed. High home prices are due to rampant inflation on literally everything, combined with lockdown-induced supply chain disruptions, massive insurance and utility spikes and, of course, historically high property taxes. All...

While $100 may seem like it holds the same value across the U.S., that’s far from the reality. The purchasing power of a dollar can vary significantly from state to state, influenced by factors such as the cost of food, utilities, taxes, housing, and transportation.This map, via Visual Capitalist's Bruno Venditti, illustrates the purchasing power of $100 by state, using data from GOBankingRates compiled as of February 19, 2024.MethodologyGOBankingRates compiled data from the 2022 Regional Price Parities reoporting by the U.S. Bureau of Economic Affairs. It then used factors such as median household income, sourced from the 2022 American Community...

The Democrats let President Joe Biden back into the wild this week after he disappeared during the Democratic National Convention, hid in California and then napped on the beach in Delaware. It was a nearly three-week absence, and his latest appearance in a key swing state proves why they’re happy to have him missing in action. During an event in Wisconsin, Biden finally admitted that the “Inflation Reduction Act” was deceptively named and didn’t actually reduce inflation. In fact, it increased prices through excess spending and was a giant, corrupt handout to the so-called “green” energy industry. It’s why I’ve...

Fast-food restaurants survive by providing affordable, quick, and convenient meals, but cost inflation is now pushing their business models to the brink.It has become more expensive to eat out over the past five years, with food away from home increasing by 30 percent, according to the Bureau of Labor Statistics. In just the past year, the cost of eating at a fast-food restaurant has increased by more than that of a full-service restaurant.Within the consumer price index, the limited-service meals category (food that is ordered at a counter and taken to go) rose by 4.3 percent year over year in...

The Bureau of Labor Statistics has “revised” job growth numbers from the first quarter of 2024, showing up to a million jobs didn’t actually exist. “US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates,” Bloomberg reports. “Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a...

Vice President Kamala Harris has a problem: Large majorities of Americans believe the economy is on the wrong track, and more say the Biden-Harris administration’s policies have hurt their personal finances rather than helped, and that their personal economic situation is getting worse rather than better. That’s clearly a major headwind for Harris’s presidential hopes. Until now, her and President Joe Biden’s response to these concerns has been to tell people: Don’t believe your lying eyes (or pocketbooks), the economy is doing a lot better than you think. As the Trump campaign pointed out in a new ad, until recently...

The wealthy are doing just fine at the moment, but they don’t seem to understand that much of the country is deeply hurting right now. 59 percent of Americans believe that the U.S. economy is currently experiencing a recession, and that is because most of them are personally experiencing economic pain. Literally just about everything is substantially more expensive in 2024, more major layoffs are being announced with each passing day, and thousands of businesses are going bankrupt. We haven’t seen a tsunami of economic suffering like this in a long time.If you live in a wealthy area in a...

President Donald J. Trump, 45th President of the United States of America, will deliver remarks on the economic hardships created by the Harris-Biden Administration in Asheville, North Carolina, on Wednesday, August 14, 2024, at 4:00 p.m. ET.Tune into RSBN for all-day LIVE coverage starting at 11:00 a.m. ET. Please note the start time is subject to change.

Inflation rose again in July 2024 for the 42nd consecutive month since President Joe Biden and Vice President Kamala Harris took office in January 2021. Yet, corporate media demand that Americans celebrate the 2.9 percent price hike plaguing their pocketbooks as an “inflation milestone.” According to the U.S. Bureau of Labor Statistics’ consumer price index for last month, Americans paid 2.2 percent more for food, 4.9 percent more for electricity, 5.1 percent more for shelter, 8.8 percent more for transportation, and 3.3 percent more for medical care than they did in July 2023. Even compared to May 2024, July’s inflation...

More voters say they trust Vice President Harris to handle the economy than they do former President Trump, according to a poll released Monday by the Financial Times and the University of Michigan Ross School of Business. Harris leads Trump 42 percent to 41 percent in the August poll when respondents were asked which candidate they trust to handle the economy, regardless of whom they plan on supporting in November. The finding marks the first time the Democratic candidate has inched ahead of the GOP candidate on the economy question since the monthly poll began tracking voter sentiment on the...

Labor economist Teresa Ghilarducci says work is the new retirement. She blames "policymakers who experimented with our retirement system 40 years ago, and they are not saying the experiment failed." That experiment is what is known today as the 401K, named after part of a 1978 law that offered companies an alternative to the traditional pension plan.

WILMINGTON, Del. (AP) — President Joe Biden on Saturday signed a $1.2 trillion package of spending bills after Congress had passed the long overdue legislation just hours earlier, ending the threat of a partial government shutdown.“This agreement represents a compromise, which means neither side got everything it wanted,” Biden said in a statement. “But it rejects extreme cuts from House Republicans and expands access to child care, invests in cancer research, funds mental health and substance use care, advances American leadership abroad, and provides resources to secure the border. ... That’s good news for the American people.” (snip) When combining...

76% of all personal income tax last month went to servicing the $34 trillion national debt. How did we get here? Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery. (3 minute and 46 seconds video in the link below) https://x.com/profstonge/status/1816813562771255713

Former President Donald Trump reacted to stock markets plunging on Monday, presenting voters with a clear choice in November. “STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT “LEADERS” IN HISTORY. THIS IS NOT GOOD!!!” he posted on Truth Social. He later added: “VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!” He also weighed in...

Multiple brokerages, including Charles Schwab, Fidelity, Vanguard, TD Ameritrade, E-Trade, UPS, CenturyLink, and Interactive Brokers, are currently down and reporting errors amid market crashes.

“The global economy is becoming unburdened by what has been.” — Jordan Schachtel on “X”. That two-by-four upside our country’s head you’ve been waiting to get whomped with? Looks like it’s landing now. We got a banger in 2008, but it didn’t make a much of an impression. Maybe you don’t even remember these people, but then Treasury Secretary Hank Paulson and Fed Chair Ben Bernanke came in like a code blue squad and hooked up the banks to an IV-drip speedball of cocaine and heroin, i.e., “money” that didn’t actually exist (a.k.a. “liquidity,” hallucinated capital), and that crew kept...

President Joe Biden insisted the Biden-Harris administration “cured” the economy just days before the Dow dropped 1,000 points and the Nasdaq sank six percent in a global market rout Monday morning. “I cured the economy,” Biden said Tuesday when asked about his administration’s accomplishments: JOE BIDEN LAST WEEK: “I cured the economy.” pic.twitter.com/oBAajoVSuO — Steve Guest (@SteveGuest) August 5, 2024 About one week later, economists raised concerns about a recession, CNBC reported: U.S. stocks fell sharply on Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 22 plunged 12% in its worst day since...

The US economy may have just entered a recession. According to data from the Bureau of Labor Statistics released Friday, the unemployment rate rose to 4.3% in July, up from 4.1% in June and from recent lows of 3.4% in April 2023. The increase officially triggered the Sahm Rule — a recession indicator developed by former Fed economist Claudia Sahm — which says that the US economy is in a downturn when the three-month moving average of the unemployment rate rises by 0.5% from its 12-month low. The gauge has a perfect track record through at least the last nine...

Vice President Kamala Harris championed the administration’s so-called “Bidenomics” as costs dramatically soared for American families. Costs increased on average across the board by about 20 percent under the Biden-Harris administration. Popeyes, Taco Bell, and Chipotle, for example, raised prices by at least 75 percent, according to the Food Institute. At least five times Harris praised the policies that fueled the rising costs: July 24, 2023: “Bidenomics is working” August 3, 2023: “Bidenomics is working” August 4, 2023: “Bidenomics is working” August 8, 2023: “Bidenomics is working” August 15, 2023: “Bidenomics is working” Harris will have a difficult time convincing...

For years now, we've been analyzing the alarming drop in birth rates in the United States and most of the Western world. This situation is no longer hypothetical in terms of being a potential crisis. The United States has already fallen below the minimum reproductive replacement rate (an average of 2.1 children per adult woman) for multiple years in a row. Somewhat ironically, it's only the massive influx of illegal migrants that is keeping our heads above water at the moment. While there is clearly a valid question to be asked as to whether a population that is increasingly comprised...