The ECONOMY ,Stock Market, , & General Finance

I don't see the money': Silicon Valley residents struggle as tech companies flourish

https://www.nbcnews.com/tech/tech-n...-record-profits-n1251760?cid=eml_nbn_20201224

situation of extremes......

 

Being a ex-member of the Obama Presidency the bar is extremely low. Hard to tell how he will govern as nobody barely heard from him during the campaign. When he did speak it was all scripted. Many of his policy statements are what Trump has already done. He has avoided all questions on his involvement with his sons pedaling of influence for money and access. Now he wants to have a joint mission with China on space exploration. His choices for his cabinet has not been a selection on rational decision making but a pandering to different minorities. He hasn't shown any restraint in the name calling of President Trump. During his run so far he has clashed with more than one person who has asked him tough questions. Take away the teleprompter he is a bumbler and loses track where he is at or what topic he is on. I asked Santa what he thought of Kamala Harris becoming President if Joe fails and all I heard him say was "Ho,Ho,Ho".

 

LOL......Santa has a sense of humor. !! Love it.

Hope you and everyone here have had a nice Xmas day.

 

Perhaps. I personally made the decision to stop supporting food programs. That needs to be a government responsibility and function. Helping them just takes the pressure off the federal state and local governments to make better decisions across the spectrum from the quality of jobs they foster, minimum wages, benefits for the poor/seniors/disabled, etc etc etc. I am tired of subsidizing failed governmental leadership on basic issues.

 

It was fine Mia. All my kids were out of town on hiking trips or doing the Covid19 safety thing. They loaded me and wife up with fixin's for three days and enough Moon Pies and Goo Goo's to get us through the Holiday Movies. One more visit and dinner with a daughter and new Grandson tonight and then it's back to normal. Hope you also had a nice break from the trials and tribulations of this year. Looking forward to doing battle next year so we better get those fingers in shape for some rebuttal typing. . Till then try and enjoy the rest of the holidays and Godspeed.

 

That's not quite true.tps://www.macrotrends.net/2613/stock-market-performance-by-president-from-election-date. Here is how the last 7 guys have done.

First Term

Clinton 97.3 %
George H.W. Bush 56.3 %
Trump 55.0 % ( Still has until Jan. 20 2021 to fill out his term)
Obama 47.5 %
Reagan 19.7 %
Carter 04.9 %
G.W. Bush 00 .1 %

Two Terms

Clinton 215.0 %
Obama 116.6 %
Reagan 112.9 %
G. W, Bush - 15.2 %

 

Dow Jones Jan 20 2009 = 7,949.09 and falling fast.

Dow Jones in March 2009 = 6,469.95

Dow Jones Jan 2013 = 13,649.70 (that's double from the low)

Dow Jones Jan 20 2017 = 19,827.25

So far it has gone up 30% in Trumps first, and only, term, so who knows where your 55% came from.

 

I have dealt with Food Banks for about 12 years and they do have many issues. That said, so does the government. The whole system has always been a panacea of corruption from the distributors to the recipients. We have followed some of those who pick up food and watched them skim products for their own personal use. We have visited churches to find some reselling product like bakery items. Some small time grocery stores have sold forbidden products to those using food stamps. Some food stamp recipients sell their food stamps to others for a reduced rate. There are those who receive food stamps who also bounce around from one church to another and double dip. Many church groups food pantries cater to illegal immigrants and their families. Very few of these people are prosecuted.

 

http://www.macrotrends.net/2613/stock-market-performance-by-president-from-election-date

All markets go up and down and you can make a chart for any period and make it look good or bad. the one I used was from their inaugural day until the end of their term. Warren Harding was beating all these guys until the crash of 1929. I'm sure Bush would have finished higher if it wasn't for the Saudis taking down the twin towers. Trumps last year has been impacted by a world pandemic. It's not always as black and white as it seems. The markets have had a strong run for the last 12 years now and just like gravity, it's a good chance no matter what Biden & Co. do, the markets will level off to a lower rate of advancement.

 

My state uses EBT cards so you can't sell them directly. They convert them by either making purchases for other people in exchange for the cash or by going to one of these convenience stores with 200 "We accept EBT" signs that will do fraudulent charges to sell them things they shouldn't have or convert them to cash with the stores taking a big chunk off the top---like selling them beer and running it through as EBT approved items at twice the price of the beer and stuff like that.

We have 2 food pantries in my city. One is the Salvation Army's. The other is one created by churches in response to the Salvation Army's many many local scandals related to embezzlement, preferential treatment like letting their friends come raid the pantry when it wasn't open before it opened up to the poor, etc etc etc. The church-based one is a one-off enterprise from a group that goes around and does a lot of disaster relief, or Habitat for Humanity style missions directed at the poor. I am not aware of any scandals with them other than some have criticized that they have too many paid employees in what was once a volunteer only organization.

 

No clue how you ended up with 55% when the numbers simply do not support it. Trump increased the debt by 8 trillion in less than 4 years, and that included massive hand-outs which propped up the markets. If you are a fan of that kind of economics, then obviously Trump was your man. I think we dodged the bullet when the American people fired him.

 

maybe his lack of intellect, integrity and interest in anything that didn't have a direct personal benefit.

He certainly increased the national debt without regard. He created less jobs than obama. He INCREASED the trade deficit despite his trade wars with china and canada et.al. Record household debt (both housing and non housing).

Apart from bragging about what a great economy he created constantly by pointing to the Dow and old ethnic employment numbers , there aren't many other economic metrics that support his image of businessman extraordinaire.

 

Bitcoin. Wow!

 

Hey, I just gave you the chart . The DJIA is not the only average. It's 50c of one and a half dollar of another. Bill Clinton had the best 8 year run of all of them.

Stock Market Performance by President (From Election Date)
This interactive chart shows the running percentage gain in the Dow Jones Industrial Average by Presidential term. Each series begins in the month of election and runs to the election of the next president. Only presidents who were elected (as opposed to VPs who stepped in) are shown. The y-axis shows the total percentage increase or decrease in the DJIA and the x-axis shows the term length in months. Click any president name in the legend to add or remove graph lines. http://www.macrotrends.net/2613/stock-market-performance-by-president-from-election-date

 

Are you sure ?
Do you have a source to suppoet that ?

 

As it happens sources abound. They must be outside your media bubble.

https://www.cnn.com/2020/02/06/economy/trump-obama-jobs-comparison/index.html

 

President Trump has indicated he will sign stimulus bill into law, averting shutdown

https://www.washingtonpost.com/us-p...Q.j2_cuB12rMixakxm7fjRp2gpqfKH6BL4JKjIO7xm9ew

There is a certain "theater" to this final hour way of doing things.

 

The numbers are the same .. and i do not trust CNN.
But we must remember, to create Jobs during Covid 19 is far harder than normal days ... so Trump won.

 

Without food banks, families struggling during the pandemic winter say they might not eat

https://www.nbcnews.com/news/us-new...id-crisis-drags-n1252368?cid=eml_nbn_20201228

 

Foodbanks are not going away. Qualifications and verification for those receiving help from the food banks need to be tightened up.

 

There will always be some that find a "work around" the system But agree that qualifications need firmer clarification.

 

House backs increasing coronavirus stimulus checks to $2,000

https://www.nbcnews.com/politics/co...us-checks-2-000-n1252429?cid=eml_nbn_20201228

Now that is a plus. A plan comes together.

 

Not so sure it can get through the Senate. President said he would sign it.

 

True. I seem to get happy with each small step forward

 

House musters enough votes to reject Trump’s veto of defense bill, setting up first override of his presidency

https://www.washingtonpost.com/nati...9.jU0flnYHRMzqJLA86ktBMbGCbHKTmowP58Y_LpIOG8s


Good.

and another source:

House votes to override Trump's veto of $740 billion defense bill