Hard and Fast Economic Realities – Some Still Trying to Ignore…
By: Joseph M. Lenard
By: Joseph M. LenardOMG: Really? Seriously? Saw one of those “Man on the Street” interviews, a few weeks ago, and just about fell off my Couch LMFAO!!! No, seriously, literally, almost fell off the Couch I was laughing so hard and some (especially one) of the highlighted person(s) interviewed about “Economy, and ‘is Joe Biden getting proper credit or blame’” piece. Time for a serious discussion about some VERY BASICS far too many U. S. Citizens have NO CLUE about….
OK, first, the “one person” in question that “YES” Joe Biden deserves Credit for the Economy – her one thing able to point to?!?!? THE STOCK MARKET!!! REALITY CHECK – The Stock Market IN GENERAL (unless a Depression, sometimes during Recession as well as Bubble (over-inflated over years) Burst as well as “Correction” (a general over-inflation of Market over time needing “reset” of clear over-evaluations)….
SO, further dealing in the above REALITY – The Stock Market OFTEN CONTINUES TO CLIMB no matter who is President (Democrat or Republican) and there are many reasons and factors (some with past, which can mean previous POTUS policies still creating upward movement; Global Economic factors; INFLATION (should be obvious, except for the ultra-rare times of DEFLATION, there is always some inflation); etc…. Hit NEW RECORD HIGHS under virtually any/every POTUS of my Lifetime (turning 62 this year) that I can recall; and of course ALL OF THEM try to CLAIM they are the SOLE REASON WHY (never true, when ANY of them say it, yes some deserve more Credit than others for the climbs and RECORD (achieved at faster pace than normally naturally occur))!
INFLATION, especially in these #BIDENflation times – prices are SOARING (and if we do not get a handle at some point on The Weimar Republic levels of Deficits, Debt, STAGflation (remember that too from the Jimmy Carter Presidency days we barely survived; having course-corrected in time then, will we now?) that out-of-control printing of fiat currency (not backed by anything) eventually triggers hyper-inflation and spiraling out-of-control downward spiral to (Cloward and Piven outlined Leftist desire to send America into) BANKRUPTCY and COLLAPSE (as too did the Soviet Empire (but West then failed to engage post-Cold-War to bring them fully during Perestroika (brief window under Gorbachev, and then Coup against Yeltsin ended) and into “Civilized and Free Nations” status instead left them to flounder and then easily feel back into full-on Leftist Communism and its endless History of aggression toward others we see again today under Putin)).
Anyway, where was I??? (Yes, kind of side-tracked (but still related) rabbit-holed there)
Inflation ALWAYS MEANS a likelihood (again, UNLESS other forces intercede) The Stock Market WILL CLIMB (and yes REACH NEW RECORD HIGHS, that Politicians, and BiDUMB no different and this fool vomiting/Parroting on Street DEVOID OF OVERALL ECONOMICS CONTEXT)! Why is it climbing?? Real and proper FREE MARKET forces or GOVERNMENTAL INTERFERENCE (and that Printing monies fiat currency at more and more higher and higher “QUANTITATIVE EASING” (farce) which then those funds (despite The Left always proclaiming they oppose what they deem “trickle down”) into “choke points” of Economy to prop-up The Stock Market (and again, in hopes it can “trickle down” and hold the entire Economy against a deep Recession and/or stave off falling into full-on/complete DEPRESSION)??? #CONTEXTmatters, but never ask a Leftist for “FACTS” just their FEELINGS!
Know what else keeps reaching RECORD HIGHS over and over and over? THE NATIONAL DEBT!!! Yes, the BUDGET DEFICITS fluctuates here and there between POTUS’ but what was measured in 100’s of Millions just a few short decades ago once toggled over into the 100’s of Billions in a hurry became MEASURED IN TRILLIONS OF DOLLARS (greatly jeopardizing our Nation as The Debt then keeps growing from a reasonable “minor additions in relation to GDP” into us WAY ABOVE GDP Growth levels to even remotely help “counter” any of it). But, yes, another rabbit-hole, yes very much relates, I won’t balloon (like the Deficits and Debt keep doing) the size of this article going down that road – can find in plenty of my other articles (B4IN, TLB, used to write about on REDSTATE, and a few other places over decades as I am a former IT guy and been writing pieces onto Computer Platforms long before the terms blog/Internet were invented and certainly before Internet was open/available for General Public (related written and audio pieces)) or CTP Shows.
Inflation continued… During times of inflation indeed while prices are needing to RISE (not out of GREED, but EVERY BUSINESSES COSTS ARE CLIMBING, THEIR PRICES TOO MUST REFLECT SAID SUCH REALITY) there is (no doubt) SOME “adjustments” to Profit Margins when/where can (but too, REALITY IS, and need to OFFSET, with higher costs (especially TAX BURDENS (Domestic, or Foreign (Import/Export)) they sometimes can, will, EAT SOME OF THOSE COSTS (unable to pass them on to Consumer as the PRICE SHOCK (hiking too far up, too fast) can/could/do result in loss of Sales (therefore have to EAT a LOSS of/in Profits on some particular items over others, as they can and need to “SLOWLY RAISE OVERALL CONSUMER PRICING” which occurs when Prices indeed SHOOT UP beyond “perception” (those FEELINGS THINGS AGAIN) of what they should be vs reality of Market (and other) forces)). THAT TOO also helps DRIVE UP STOCK INVESTMENTS IN PUBLICLY TRADED BUSINESSES (as, indeed, OTHER WAYS OF MAKING MONIES less attractive, and The Stocks and The Stock Market IN GENERAL will continue to either HOLD VALUE or GROW IN VALUE (especially long-term, sometimes drops occur, but most adhere to (if they can, do not need IMMEDIATE withdrawal) BUY AND HOLD strategy) and of course 99.9999% of peoples (especially those who no longer qualify for Corporate Pensions (which is MOST PEOPLE) are not independently wealthy cannot hide Millions under a Mattress therefore can/do/must INVEST a 401-k or other Retirement Funds in) as those investments usually “hostage” until such time someone requires draw-downs and SELLING artificially hold up values.
Unless you’re independently wealthy and can Live on Capital Gain earnings, we WORK FOR A LIVING (vs those that Vote for a Living, Voting for never-ending handouts to be stolen from others that work/earn in form of Taxes the Govt can give)…. That, of course, again, whole other rabbit-hole and indeed discussed in several of my CTP podcast episodes…
VIDEO (1m 58s): Americans sound off on Biden’s record – ‘He’s done nothing’ (NEWSMAX) [the video that inspired this article, especially the delusional Biden Fan (all about her FEELINGS of course)]
So, those working for a Living — WAGES (and Pay increases (Raises)): OK, yes, also unless a rare time of DEFLATION (or Job Market, Supply/Demand mechanisms) Wages almost always GO UP!!! Now, COLA (Cost Of Living Adjustments) differ from locale to locale, Urban vs Rural Costs-Of-Living, individual State policies and/or TRENDS (micro vs macro Economy factors), etc… In times of low-inflation they climb rather slowly (often to really get a Raise, one must “Market” their SKILLS to other potential Employers to test their “worth” in the Markets), in times of HIGH INFLATION (like under BiDUMBnomics) the Wages indeed climb higher/faster at larger “percentages” (the usual Wage adjustment mechanism). HOWEVER, FACTS/REALITY VS FEELINGS is again what matters!!!
Temporary trip down other related rabbit-hole: NOT only is a Federal Minimum Wage UnConstitutional (not part of Founders FREE FLOW OF COMMERCE “Commerce Clause” intentions) but also STUPID from that very basic of Economics sense that again COST OF LIVING is different from locale to locale within States let-alone State to State and certainly one side of the Nation to the other. It is a 10th Amendment (States Rights) issue – and once again you may get an increase but costs go up beyond your raise by the Inflation caused (and do not forget the now higher-Tax-rate as you move into higher-Tax-bracket biting into those “artificial increases” (Accounting, Debits/Credits, matter)).
Also, of course, the REAL “Minimum Wage” is ZERO DOLLARS and more and more people lose Jobs and indeed get $0/hour as Businesses cut Staff (to help try control Payroll costs, again only so much related price-hikes will Consumers be able to handle or the Business may go Out Of Business entirely (then all there, are now making, $0/hour) as well as driving more Automation of work/tasks that can be (like more and more Kiosk ordering at Fast Food establishments closing many Youth out of their “first Job” opportunity to gain Skills and prove selves to be able to Market selves to others for higher-paying Jobs and to move up the Economic ladder. This, of course, does NOT cover that whole discussion but getting too long-winded again already side-point.
The Left doesn’t want Basic Economics known/taught, dumb people just see the INCOME number go up faster than last few years and FEEL things are great (easily fooled, suckered, etc.)!! But those who understand Economics and the basic concepts of ACCOUNTING grasp there are both DEBITS/CREDITS and one MUST look at both sides of the Ledger. HEY MORON if you got a 7% Raise (compared to maybe only 3% during Trump (POTUS45) years; got to know THE FULL FACTORS/REASONS, inflation was MUCH LESS then) but/and all the things you have to spend on (like Fuel for your Car (whether GAS or ELECTRICITY) in order to GET TO WORK to earn those Wages, Groceries (do you want to Feed yourself and more-so your Family if you have one or OK to starve to afford other things, Heating/Cooling, that Roof over your Head (and your Family if you have one), Interest Rates (driving UP the cost of your Home if you own and still have a Mortgage, YOUR RENT as Property Owners have to pass costs along to you), Credit Card balances (and those Interest Rates) debt climbing (as people cannot afford “NEEDS” let-alone “WANTS”)…. WHEN INFLATION IS WELL ABOVE WHAT YOUR WAGE INCREASE WAS. And especially harmful to those on Fixed Incomes and HAVE no way to “Market” for an increase, Prisoner to the Govt. defined COLA rates (that never, EVER, reflect Reality of rising Costs). Wages really climbed at exponentially higher than normal standards during the Carter Presidency too – BOTH SIDES OF LEDGER MATTERS/MATTERED, as then too like now we were in high-inflation days then (and in fact so bad, the STAGflation term was invented). Betting YOU KNOW some folks DO NOT GRASP THIS and in need of the EDUCATION this article (and my CTP podcast Show related episodes) would give them!!!! LIKE (recommend both article and B4IN “Contributor”), SHARE (Share-This links at top of article, or copy/paste link from your browser page viewing this piece and send to others via e-mail), SUBSCRIBE (to CTP Show). [Know someone needs some REALITY but you know won’t read this? But perhaps will read a FICTION BOOK (well, I discuss, not at length like here, the current Political Realities you can buy them as a Gift) like my “Terror Strikes: Coming Soon to a City Near You” book (Historical-Fiction, hence the EDUCATION on Economics, History, Civics, more, within its pages too beyond the FICTION story parts (more on this, further down-thread, toward bottom of this piece)).]
DEFICITS AND DEBT (just quick repeat of mention above and some expounding upon): Know what else keeps reaching RECORD HIGHS over and over and over? THE NATIONAL DEBT!!! Yes, the BUDGET DEFICITS fluctuates here and there between POTUS’ but what was measured in 100’s of Millions just a few short decades ago once toggled over into the 100’s of Billions in a hurry became MEASURED IN TRILLIONS OF DOLLARS (greatly jeopardizing our Nation as The Debt then keeps growing from a reasonable “minor additions in relation to GDP” into us WAY ABOVE GDP Growth levels to even remotely help “counter” any of it). But, yes, another rabbit-hole, yes very much relates, I won’t balloon (like the Deficits and Debt keep doing) the size of this article going down that road – can find in plenty of my other articles (B4IN, TLB, used to write about on REDSTATE, and a few other places over decades as I am a former IT guy and been writing pieces onto Computer Platforms long before the terms blog/Internet were invented and certainly before Internet was open/available for General Public (related written and audio pieces)) or CTP Shows. WHAT NEED ADDITIONAL MENTION HERE IS the obvious of DEFICITS (in our Personal Budgets) and DEBT (we then rack up putting things on Credit) that people seem to understand better (obviously because their Credit Cards Bills keep showing up month to month and they see the DIRECT IMPACT growing Debt has on worsening their BUDGET DEFICIT as more and more of their (growing minimum payments (sadly far too many Lives spiraling out-of-control when/if they get to point where they can only pay the minimums)) go toward INTEREST ON DEBT – but sadly don’t grasp that micro vs macro (WE ALL OWE, our National Debt and ever increasing amount of our National Budget going to INTEREST ON THAT DEBT too) and those CHICKENS WILL COME HOME TO ROOST SOON (both, us Personal level and us as a Nation and WE THE PEOPLE (all owing one way shape or form) level. WHEN the USA goes Bankrupt, morons that think the Cloward and Piven strategy somehow will help move us to a full Communist governance, once Bankrupt THERE IS NO MONIES TO COVER ANY COSTS meaning EVERYONE GETS CUT OFF (not that somehow magically there will be MORE for just your desired PET PROJECTS) – need we bring up lessons of Weimer Republic again (and would it do any good too? as sadly most have ZERO CLUE about our own History let-alone World History and again HARD AND FAST REAL WORLD ECONOMICS RULES (not Paul Krugman UnicornFartFantasy delusion Commie “theory”).
I could go on and on, but if a FEELINGS BASED MORON SNOWFLAKE is not going to let go of their DESIRED FEELINGS AND DELUSIONAL NARRATIVES now with just the couple of REALITIES outlined above are not going to be shaken into FACTS BASED REALITY they never are!!!!
••••
About the Author: Joseph M. Lenard was a former writer for Super Simple Computer Enterprises, REDSTATE, Grassfire, and Rattle With Us – MI TEAParty (where he was Writing Committee Chair) and others. Joseph is a current content provider at Before It’s News and The Liberty Beacon. He is also the Author of: “Terror Strikes: Coming Soon to a City Near You”!
Joseph Martin Lenard (@JLenardDetroit)
author: Terror Strikes (buy)
Former 12CDRC, Wayne12, WCRC, Committees member
W12 Newsletter Editor Wayne-12CDRC Newsletter
MICD12GOP MI 12th CDRC Webmaster
Taylor (MI) Republicans Club TRC Michigan Webmaster
Terror Strikes book (B4IN write-up)Image Credit: Graphic in Featured Image (top) –Pixabay License.
(Click on image to find out more)
Terror Strikes video Trailer:
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(Click on image to find out more)
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Stay tuned to …
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The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
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