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I am doing nothing that I haven't done for the last 42 years. I am keeping my eye on the ball and investing as wisely as possible. I did well under Clinton, well under Bush, Ok under Obama and my portfolio exploded upward under Trump.. None of it because of who the POTUS was.
I detest Biden, but on my retirement income bracket, Ill be ok. I have 0 debt, extremely low cost of living. I am not worried about it in the slightest.
Nothing drastic. Buying lots of infrastructure stocks, green stocks, weed stocks, EV stocks, lithium stocks. Actually very excited and making a killing thus far. Looking forward to new industries replacing the old....tons of new opportunities.
I work in management in manufacturing/construction. I expect to be hit from both sides by higher taxes, and downward pressure on wages due to a wave of illegal immigrants and the resurgence of job outsourcing overseas. Couple that with high fuel and energy prices, which will also result in everything going up on the store shelves, and it's not looking good. Repeat of 2008 with yet again more inflated prices on everything. I'm going to throw out $6.50/gallon for gas just as a marker for later, which will pretty much put us into the 2nd great depression as shipping costs is going to make everything unaffordable. And that's just a Biden economy. As get pushed into socialism, there's no telling how far down the crap slide we can go.
I'm going to continue to live the same life i have been living all this time. I will ignore Biden as he is not my president. I wont get my emotions entangled anymore in politics. i need a rest from all this drama. I hope to make politics a very tiny tiny glimmer in my life, almost next to what a little piece of dust in back of my tv means to me.
Your taxes will only go up if you are a millionaire. Gas prices have nothing to do with who is POTUS. Highest gas prices in history were under George W. Bush.
I'm looking forward to an improving economy again. Trump has given us an economic crash that makes the 2008 Great Recession look like a small speed bump. We're probably looking at a decade before it's as good as 2018-19 again. However, like Obama before him, Biden will get the ball rolling.
Explain to me how we're supposed to believe the "millionaires" (and billionaires) will foot the bill for the taxes when they are Biden's biggest donors and democrat supporters?
Clinton inherited a recession and left with a booming economy. Bush squandered that and left office with the worst financial crisis since the Great Depression. Obama inherited that mess and again, like Clinton, turned it around. Now, with Trump we have unemployment, food lines and no coherent plan to get out of this mess. All in all, it seems the democrats handle the economy better.
Clinton inherited a recession and left with a booming economy. Bush squandered that and left office with the worst financial crisis since the Great Depression. Obama inherited that mess and again, like Clinton, turned it around. Now, with Trump we have unemployment, food lines and no coherent plan to get out of this mess. All in all, it seems the democrats handle the economy better.
This is not a good assessment at all.
Clinton did well for the economy. There's no denying that. But everything is cyclical and a recession was due. Bush made the recession much worse with his spending, but Bush also took swift action with the help of congress to life us out of that recession. Obama inherited a spending mess, but he also inherited a recovering economy... Bush's recovery. Obama added to that recovery and slowly (way too slowly) got it back on track and handed Trump the economy that we saw through the end of 2019. But it was Bush's recovery that got us there, not Obama's. Trump brought the nation to a recession and when COVID hit it led to a market crash... but due to COVID, the market recovered in v-shaped fashion. We're due for another crash once all the cheap government money is gone.... for sure. That will be Trump's recession kicked down the road. But again, it's cyclical.
You can't say either party handles the economy better. You can say that republican Presidents have increased spending and had congress increase budgets and the deficit at a greater rate than democratic Presidents... but that doesn't directly translate into the current economy at any given time.
I work in management in manufacturing/construction. I expect to be hit from both sides by higher taxes, and downward pressure on wages due to a wave of illegal immigrants and the resurgence of job outsourcing overseas. Couple that with high fuel and energy prices, which will also result in everything going up on the store shelves, and it's not looking good. Repeat of 2008 with yet again more inflated prices on everything. I'm going to throw out $6.50/gallon for gas just as a marker for later, which will pretty much put us into the 2nd great depression as shipping costs is going to make everything unaffordable. And that's just a Biden economy. As get pushed into socialism, there's no telling how far down the crap slide we can go.
And when we get sick we will have to wait in line behind 1000 illegals to get health care. There should be networks of doctors who refuse to treat illegals.
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