Biden Wins 2020 Election

[Kane]

Yeah I'm kinda surprised because this can't be helpful in Georgia.

"Your vote doesn't cout! But make sure you vote!"
"GOP recognizes Biden as winner! But it was a fraudulent election!"
"The judicial system failed us! But we appointed all of the judges and control SCOTUS!"

Just wtf

[exploited]

Biden appointing Buttchug to transportation secretary. Not a bad little trade for lil Buttchug. He at least got something for helping to take out Sanders, unlike that pathetic loser Warren.

[Kane]

Holy Shit....

[micfranklin]

What a twist.

[Kane]

I'm just going to reiterate this here:

If the Dems stick to their plan of passing additional stimulus, aid state and local government budgets, and work on a legitimate infrastructure bill Biden or the Dems will secure 2024. 2021 is going to be a crazy f**k year - the bounce back from this will surprise a lot of people. Warnock will be up for election in 2022 but the Senate is tilted in the Dems favor in 2024 - with enough improvement in 2021 and 2022 they shouldn't lose seats in the House - I would actually predict a gain.

Pros:

Demographics are on our side - 30-39 year olds becoming largest demographic for a decade. Long, strong, sustainable growth with a cohort that has increasing discretionary income and during household forming years. Boomers - retiring and ultimately passing - lots of wealth is going to be redistributed to younger demographics that will likely spend more of it than save. Federal Reserve will keep interest rates low for a while - this will keep the housing market hot. Supply in the housing market is ridiculously low right now - and that's due to demand not a bubble. Standards tightened following '08 and that hasn't changed a lot - the eviction moratorium may be impacting this but let's remember that more people are renting homes now vs owning because it's become a lucrative business also driving up cost/creating a barrier of sorts for first time home buyers.

I get wanting healthcare to be a focus and reforming it to make it affordable/accessible for all but I have a feeling Trump would've lost in 2016 if Obama and the Dems had focused more on the economy following '08.

[John Galt]

honestly, before yesterday i was against DC statehood. not because i didn't think they should representation, i thought they should have house member, but that they shouldn't be a state, no senators and importantly, no governor. i didn't think it made any sense

but yesterday changed my mind. the failure to act by the feds is unforgivable

DC and PR statehood must be passed within first two years

expand the house

end the electoral college

make LASTING governmental changes

if we can get through the next 4 years, i don't think the GOP has a chance for another generation

[Kane]

RenMac: Renaissance Macro Research
@RenMacLLC
·
4h
The reversal of fortunes in payrolls was driven by basically two sectors: leisure & hospitality and educational services. Take that out and private payrolls are UP by 466,000. This is about COVID. COVID will go away and growth in these hard hit industries will resume in earnest.

https://www.bls.gov/news.release/cewqtr.nr0.htm

Wages are not dropping across all sectors. They are in fact rising in some - vastly different from '08. This is temporary.