President Joe Biden

I want to see the data behind this graph. US household net worth up 40% in 4 years?

"Under Trump" it went like from 80 trillions to 110 trillions.

30/80 is approx 40%

Do you know how much of this is housing? Because any increase in that is just on paper and doesn't mean much.

Stocks are only paper too 😀 .
FWIW it’s only debts that boost all that nonsense .

Yes but stocks are more liquid than a house. If you don't plan on selling it, an increase in house value is actually bad for the owners, as that means higher property tax.

Aside from the fact that it does mean much when you are paying a fixed rate mortgage over appreciating property, because later in life you downsize so you cash in part of that extra equity, and that there are proven wealth effects from house prices in literature, and that some housing is owned by households as a rental asset, this was the breakdown (median not average, half households are above this) in 2021

Keep in mind a decent % of people had no assets at all (except a car/a few grand at most in their banking account). 40% have no retirement assets.

So among people with assets (with retirement funds basically and/or a house), the numbers are a lot higher than that

Eh? No that's net asset values

Just so glad that when Joe was VP during the pandemic Barrack Obama sent him to Detroit to fix it

Wonder if he drove there in his corvette

I think that Biden is planning to withdraw. In a recent speech he said something like "this election isn't about me. It's about making sure the other guy doesn't get elected." That may be true, but it isn't the kind of thing that typical candidates say no matter how bad they think their opponent is. But a self-deprecating remark like that would make sense if you knew you were not going to be the nominee.

nah his defining trait is his narcissism, no way he steps down. only way that happens is him dropping dead. if he said it, "this isn't about me" is him begging everyone to ignore how much he simultaneously sucks and blows in about every way

Yeah... baring like a cancer diagnosis, the time to do that wouldd have been before the primaries.

I understand that the Democrats hate democracy almost as much as Trump. But i don't think they are stupid enough to think the public would support doing away with even the pretense of voter input.

In my own lifetime there have been presidential elections where the nominee wasn't certain until the party convention. And there is no law saying the nominee must be the winner of the state primary elections.

I also don't think it's likely that Biden won't be the nominee, but I don't think it is a crazy idea that could never happen.

And I also would not be surprised if the reason given was a cancer diagnosis, even if it's just as an excuse. Very likely to be true anyway - how many American 81yo men don't probably have some kind of cancer bubbling under?

???
that would be absolute weird take from you. it woul d be gg for any dem running since its to late now.. if he wasn't going to run he would have said so a year+ ago

Do you think that if he died or became completely incapacitated right now, the democrats would have zero chance of beating Trump?

Yeah, if the only person who got votes in the primary drops out this late just getting a candidate on the ballot in all 50 states would be impressive.

If it wasn't Harris, their chances might go up.

But there is a difference between "the President died" and "we just decided to overtly bypass the primaties and install a nominee."

The latter would trigger a major backlash imo.

I agree, which is why that question wasn't directed to you, but to the guy who implied that no other democrat could win the election.

That’s quite a big difference from Biden knowing he’s not running now and just pretending like he is for some reason as was claimed.

There is nobody on the dem bench that is electable in a national election and if Biden was going to bail he would have already done it.

Coming to the conclusion he’s dropping out because of something he said is insane. This is the same guy who has trouble reading a teleprompter, can’t remember peoples names, gets countries confused, can’t find the stairs on stages and constantly tells lies not because he enjoys lying but because he truly believes things that aren’t true.

If I am right, it would be because of a very recent events that has made him seriously contemplate what he had not seriously contemplated previously. I think the fact that the first debate is so soon is partially because Democrats want to have time to change candidates if the debate doesn't go well. The worse his chances look, the smaller the replacement chances have to be to make his withdrawing the better play (both from the standpoint of increasing the chances of beating Trump and avoiding personal embarrassment to Biden.) Meanwhile if the "dem bench" includes Michelle Obama it is not that clear that Biden is the best chance for a democratic win.

And of course it is wrong to think that I came to the conclusion that he is dropping out "because of something he said". I didn't move my opinion from 0% to 55% based on his few words. It was more like from 20% to 55% and the 20% was only a very recent opinion because of how things are going. I don't even think Biden himself has made a final decision and won't until after the first debate. But I do think he realizes that he might decide to drop out, so he threw in that "its not about me" comment in case he decides to prove me right.

by Luciom P

https://www.nytimes.com/2024/05/17/upsho...

the idea that corporations are going to screw over people less under trump shows the average intelligence of voters in america. just so incredibly stupid. trump admin will gut all consumer protection like they have been trying to do for so long. just incredibly incredibly stupid. and thats sad that people can be tricked into believing this crap.

Hmmm...

Maybe not so stupid after all.

Oh man, where are you when people are circle-jerking over countless articles about taxing the evil billionaires who, "Made more money in the markets yesterday than the bottom half of Americans make in a decade"?

You know that you can have state consumer protection, right?

Why is that a federal issue to begin with?

You can live where people agree with you and tax and regulate local companies (or any company selling or operating in your state) as much as you want, there are very few constitutional limits to that.

Why do you want to decide how things work elsewhere though is the question