Biden's Legacy

YES

 

Meh those numbers were about as accurate as the polling data.
If she was so loved she would not have lost worse than HRC.

 

While that’s your opinion and yeah Trump sucks, 70+ million Americans don’t agree.
It shows the Dem candidate was worse than a shit sandwich…

 

Or there are other things that matter. For example, do you think John McCain would have performed better against Barack Obama if he ran in 2012 instead of 2008?

 

Or that 70+ million Americans are comfortable eating shit. I'll go with that one.

 

Nope, even him being older aside. McCain didn’t run a great race.

 

Or they don’t think DJT is as shitty as some of us do.

 

People don't vote with their pocketbooks, they vote with an emotion-driven perception of their pocketbooks. The bottom 50% of households hold almost twice as much wealth as they held in Q1 2020. 50-90% of households added almost $17 trillion in wealth during this period. Even with population growth and inflation, people are worth more than they were worth 4 years ago, especially those in the bottom 50%.

The Fed - Table: Distribution of Household Wealth in the U.S. since 1989

The issue is that people don't actually put together an accounting of their pocketbook. They base it more on feelings, which is when you start to see issues that, theoretically, shouldn't matter start to become the only things that matter, such as salience of price changes, biases around how changes are framed (loss aversion from prospect theory), motivated reasoning, etc.

 

Biden will go down as the greatest president since Obama

 

You’re still missing the point, you can throw all the numerous out there to show how much better people are than 4 years prior. When the average guy is spending a lot more for things that’s what they see. I hear all the time how few own stocks so do you think they care about the DOW being up big, or the house values up big when they rent and just saw huge rent increases?

As smart as many are here you guys still don’t get it.

Maybe the “wealth gap” explosion has led to this “feeling” you think swayed the votes.

 

Oh I doubt much gets done on what you’re asking about.

Perhaps they allow the US to sell LNG overseas and we can maximize our production capacity. (if that’s possible).

No idea if that case you mention goes forward.

I do know most people who rent property use a formula based on market value to get 8-10% ROI, at the “pros” do. I’m sure big companies buy properties have an even more sophisticated way. Personally having owned rentals for 30+ years I’ve never paid much attention to that. Likely left a lot of money on the table over the years but I’d rather keep a good renter for years than make a few extra bucks every month.

 

Again, the group with the highest percentage increase in wealth over the last 5 years? The bottom 50%. In terms of wages, you want to know who has seen the most growth? The bottom 2 quartiles. Both have been having wage increases higher than inflation for years now.

Wage Growth Tracker

Basically, anybody willing to switch jobs. And lower income workers jump jobs a lot more.

Stop trying to make this either an accurate representation of condition or into some sort of a cognitive decision. It is neither. It is a bias arising from emotional processing. Political professionals need to figure out what to do with that and how to manage biases. I just state what happens.

 

Considering the Congress he had to work with, he had a remarkable 4 years. I don't expect people to recognize that now, many are the same people who put a convicted felon/sexual abuser/serial liar back in the White House, but history will treat him far more fairly.

I am extremely thankful he ran in 2020.

 

Okay, yeah, I am confused. Are you telling me that people voted based on prices being higher? They blamed the Democratic candidate for prices going up and voted against them? Is that what you're saying?

 

Thanks I’ll look into it. What % or rentals are owned by the groups that were doing this?

Curious why our Nat gas prices are so much lower than that in Europe? I heard on CNBC the US was limited by law in selling over seas, was that info incorrect?

I know you’re up on this stuff so hence my question to you….