Biden likes to brag about his economy (during those 30 hours a week he works), but, even the far, far left Nation said he should stop all the way back in October 2022. Of course he boasted during his barely watched state of the union. Yet, unfortunately, things are not getting better
With car repossessions and home foreclosures rising, some Americans are living on a financial cliff
…
LeSage is among a growing number of Americans who have found themselves confronting financial hardship as the U.S. economy has slowed. On Thursday, the U.S. Bureau of Economic Analysis reported gross domestic product fell to 1.1% in the first quarter, the lowest reading in nine months. The GDP is the value of the final goods and services produced in the country and a strong indicator of how healthy the U.S. economy.
The slowdown is starting to show up in Americans’ personal finances. According to a recent survey from Bankrate, 49% of U.S. adults have less savings compared to a year ago. Ten percent of those surveyed said they have no savings at all.
The upshot: The most disastrous outcomes for U.S. households, like auto repossessions and home foreclosures, have begun to climb.
“As a result of the expiration of government stimulus and current [economic] headwinds, we have seen delinquencies ticking up in this space over the last several months,” said Margaret Rowe, a senior director at Fitch ratings group. (snip)
Meanwhile, home foreclosure filings have begun to surge. According to data from ATTOM, a property analytics company, U.S. foreclosure filings totaled 95,712 in the first quarter of 2023. That’s 6% higher than in the previous quarter and 22% higher than a year ago.
You know what name is never mentioned in this NBC News piece? You got it, Biden. In all fairness, this is not all his fault. The root cause is named China, who were messing around with coronavirus, along with Fauci and the NIH who funded it. Then the idiots who locked everything down here and around the world, and those who dumped too much money, then did it again and again. And passed laws that do not help the economy. Democrats were not focused, and a lot of that is coming back to haunt the economy. Biden couldn’t care less.
Fortunately, Biden has his eyes on Sudan
As countries wind down mass evacuations of their nationals from war-torn Sudan and the White House warns time is running out, the United States is undertaking its first effort to move hundreds of private Americans citizens out of Khartoum.
A U.S. government-organized convoy carrying U.S citizens, locally employed staff and nationals from allied and partner countries arrived at Port Sudan on Saturday, according to the State Department.
Late as usual.
Not one good reason why anyone was in Sudan, but let’s abandon them all worse than was done in Afghanistan. FJB
Now the issue about which I’ve been reading is the rise in evictions now that the COVID panicdemic is over. It’s just so unfair to kick people out of their homes just because they haven’t been paying the rent, but “their” homes aren’t really their homes; they are someone else’s property, and those property owners have been denied the use of, and rights to, their property for almost three years now.
If these property owners were denied use of/income from their property wouldn’t that come under the takings clause and wouldn’t they be entitled to “just compensation”?
In some, but not all, places in which local governments imposed moratoria on evictions, there were government programs to pay at least some of the rent the property owners were due. But unless the government actually took the property via eminent domain, the property legally remained that of the private owners, and the takings clause does not apply.
That leaves a couple of problems. First, the landlords are still legally responsible for the upkeep and maintenance of their property, whether they are receiving the rent or not. If they have mortgages on the property, they are still liable for the mortgage payments, even if they are not receiving, or are only receiving part, of the rent.
Second, thanks to Bidenflation, the costs of materials and labor to maintain their properties has risen, but in the cases of local governments paying the full rent for properties under eviction moratoria, the landlords have been unable to raise the rent for the last three years.
Of course, landlords are all depicted as Snidely Whiplash, tying Sweet Nell to the railroad tracks, but most landlords are small businessmen.
Full disclosure: we own one rental property, but it is rented to Mrs Pico’s sister, so there isn’t a typical landlord/tenant business relationship.
Anyone (even a Kentuckian… btw my ‘people’ were once Kentuckians) who appreciates the Rocky and Bullwinkle is A-OK!!
Boris, Natasha and Fearless Leader. Mr Peabody. Dudley Do-Right. Fractured Fairy Tales (Edward Everett Horton).
Kids would be better off today with more Rocky and Bullwinkle and fewer tiktok crap videos. Also see The Simpsons, South Park, Phineas & Ferb, Bob’s Burgers, King of the Hill.
Kids would be better off today watching South Park.
Mr. Garrison as Rimjob.
Are ya gonna scramble it’s brains or just vacuum it out?
#PervsPedos&Rimjob
Bwaha! Lolgf
Teach
Is the current rate of foreclosure much lower than it was under Trump?
Yes it is
No one here wants to fact check on “facts” they wish to believe
Lol
Unemployment is at 3.5%
The average age of home buyers is now down to 34
People bought more home than they could afford and then refused to give up their Starbucks and avocado toast with shrimp.
Teach those foreclosure rates that are “surging” are still much much lower than the historical average
Why didn’t you mention that ? Was it because of ignorance or because you intentionally wanted to mislead us ?
Could we all please stop with the Biden did this, Biden policy that, Biden Administration whatev?
Everyone knows that Biden is a vessel, he has no policies, decides nothing, does nothing. He cannot and should not be blamed for anything current up to and including his bowl movements. There are tribes in the Brazilian forest, zero contact with the outside world, that know this and think it’s pretty funny.
Biden is not “…focused on Sudan.” because he has no fucking focus. He can’t put two thoughts together because he doesn’t have two! OK?
The unelected, unaccountable cabal of elites, and by “elites” I mean the ultra-wealth assholes that are intent upon the total control of the planet by any means necessary, are responsible for, among other things, the credit and financial situations both in the US and globally. Getting the world switched over to virtual currency is a must for their overall agenda, and this is all just part of the plan to get there.
Who these fuckheads are can be debated, but they, whoever “they” is, are a real thing, and the existence of a relatively small group of people that are steering us to a really bad place, cannot. So, anyone who can’t wrap their head around that, I have no time for. Please take any and all pathetic and sacastic counter arguments that makes you feel good and piss off.
They’re all perfectly content to watch us little people get all worked up over abortion, school boards, high capacity magazines, beer marketing or the conspiracy theory du jour, while we Tik-Tok ourselves silly and piss, cry and moan over murder rates, human rights, $12 coffees and how great/awful/scary the next generation of AI will be.
Well, you can all stop worrying about all that, because once we’re all in on crypto, we’re doomed. So, enjoy your last few years of interweb fueled dopamine people.
Nice knowin’ ya!
A lot to unpack here! Some inexact, for example, President Biden is hardly less a president than Clinton, Bush, Obama or Trump.
But…
Couldn’t be any more true. Yes, the U.S. was and still is a plutocracy where largely unknown wealthy folks, more by mass than by individuals, control all. Their minions are us! The intermediaries are the politicians we elect. As the ‘they’ collect their pennies from millions of workers adding up to billions of dollars ‘they’ can put it away for little Ted Jr and Sally. Every law and policy ends up benefitting ‘they’ at the expense of working class Americans. Yes, they benefit from the fighting over abortion, Covid, The Wall, transgender beer, tiktok, facebook, pro sports, Biden vs Trump, AR-15s and grooming, but little changes for them. They stay rich, elite, privileged and better than you and I.
Bread and Circuses to keep the masses fed and entertained!! It’s been true for over 2000 years.
Wanna see change? The next time a Bernie Sanders or an Elizabeth Warren runs, vote for them and hold their feet to the fire. A Clinton, Bush, Obama or Biden are not the change we need. The authoritarian Trump was exactly the change we DIDN’t need.
Guess Rimjob would prefer the country be governed by antifa/BLM/LGBTQ.
That’s the ticket.
Keep setting ’em up, moron.
#PedosPervs&Democrats
Bwaha! Lolgfy
Lil DickBreath making up more BS, LOL.
We suppose Lil Shawty would prefer the country be governed by The Trump Insurrectionist Cult (once they get out of prison).
#PedosPervs&MAGAts
Bwaha! Lolgfy
President Biden last night:
He explained the evening would be just like his first two years, “I’ll talk for 10 minutes, take zero questions and cheerfully walk away.”
“Look, I get that age is a completely reasonable issue. You might think I don’t like Rupert Murdoch but that’s simply not true. How can I dislike a guy who makes me look like Harry Styles?”
“I support the First Amendment and not just because my good friend Jimmy Madison wrote it!”
“I’d call Fox ‘Honest, fair and truthful.’ But then I’d be sued for defamation.”
“Don’t compare me to the almighty, compare me to the alternative. We added 12 million jobs, and that’s just counting the lawyers that defended [Donald Trump]!”
“Elon Musk tweeted that (NPR) should be defunded. Well, the best way to make NPR go away is for Elon Musk to buy it.”
“It’s great that cable news networks are here tonight: MSNBC owned by NBC Universal, Fox News owned by Dominion Voting Systems.”
“Last year, your favorite Fox News reporters were able to attend because they were fully vaccinated and boosted. This year, with that $780 million settlement, they’re here because they couldn’t say no to a free meal.”
Roy Wood Jr, Host last night at the Correspondent’s Dinner:
“Real quick, Mr. President, I think you left some of your classified documents up here.”
“Say what you want about our president, but when you wake up from that nap, work gets done. He might doze off, but then it’s, ‘Infrastructure bill, student loan forgiveness … did we free Brittney Griner? Free Brittney Griner!'”