Bauctalk said:

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boognish_bear said:

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Gen Xers had an average balance of just under $600,000 in their 401(k) account in the third quarter, up 6% from the quarter before, according to Fidelity data.

— unusual_whales (@unusual_whales) December 19, 2024

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This number can't be real. That's more than average for any age group.

The number of people with 401k greater than 500k is 9%.

---

This would seem to support that

58% of Americans aged 65 and older have only $100,000 or less in their 401(k)s, per GoBankingRates.

— unusual_whales (@unusual_whales) December 26, 2024

Grocery prices set to rise as soil becomes "unproductive," per Newsweek.

— unusual_whales (@unusual_whales) December 27, 2024

10 year approaching 4.7%

What do they know?

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Most importantly people Learn what you do when their government led by soros and their favorite shadow billionaires print a T every 90 days or so for 4 years

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

FLBear5630 said:

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boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

Fre3dombear said:

---

FLBear5630 said:

---

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

FLBear5630 said:

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Fre3dombear said:

---

FLBear5630 said:

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boognish_bear said:

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This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

---

So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago

Dude wakes up and suddenly x is the problem. Mmmmk. Fight that battle! Tilt that windmill.

Sorry your kamala and Biden and obama votes. Hope you banked in the markets with what they did.

FLBear5630 said:

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Fre3dombear said:

---

FLBear5630 said:

---

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

---

Honestly, we see you are struggling to accept a second Trump Administration, FLBear, and so you desperately grasp at anything to complain about that might even distantly be connected to The Donald.

You are going to have a rough four years ahead.

Fre3dombear said:

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FLBear5630 said:

---

Fre3dombear said:

---

FLBear5630 said:

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boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

---

So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago

Dude wakes up and suddenly x is the problem. Mmmmk. Fight that battle! Tilt that windmill.

Sorry your kamala and Biden and obama votes. Hope you banked in the markets with what they did.

---

You are seriously comparing Musks use of X to threaten Congress and censorship of X users with the Rush Limbaugh show?

Oldbear83 said:

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FLBear5630 said:

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Fre3dombear said:

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FLBear5630 said:

---

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

---

Honestly, we see you are struggling to accept a second Trump Administration, FLBear, and so you desperately grasp at anything to complain about that might even distantly be connected to The Donald.

You are going to have a rough four years ahead.

---

4 years? That is optimistic. Keep going like the last few weeks it will be 18 months. Keep threatening Congress it will be exactly like last time, 2 years of being frustrated by Congress and 2 years of being attacked when they lose the House at midterms. The election is the beginning, not the end.

Yeah, it will be tough. Watching Trump make unforced errors through tweets and ego. Four more wasted years of BS, while China moved forward. It amazes me you don't get it. But, if comparing this to the Rush Limbaugh Show is the level of thought?

Thanks for the predictable whine, Eeyore.

FLBear5630 said:

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Oldbear83 said:

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FLBear5630 said:

---

Fre3dombear said:

---

FLBear5630 said:

---

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

---

Honestly, we see you are struggling to accept a second Trump Administration, FLBear, and so you desperately grasp at anything to complain about that might even distantly be connected to The Donald.

You are going to have a rough four years ahead.

---

You're complaining about bannon as he makes your case against Elon? He's like the best advocate you've got.

4 years? That is optimistic. Keep going like the last few weeks it will be 18 months. Keep threatening Congress it will be exactly like last time, 2 years of being frustrated by Congress and 2 years of being attacked when they lose the House at midterms. The election is the beginning, not the end.

Yeah, it will be tough. Watching Trump make unforced errors through tweets and ego. Four more wasted years of BS, while China moved forward. It amazes me you don't get it. But, if comparing this to the Rush Limbaugh Show is the level of thought?

---

You must not pay attention. Nothing will make it different than last time. The fact they hate him so much is he's exposing how he's screwing you is your family their family over and he's the only thing in the way of that.

Apparently you're cool with historic inflation, the left trying to assassinate their competition, weaponizing the government against anyone that's in their way, wars across the planet, millions needlessly dead across 3 wars in 4 years.

What da f are you talking about? Lmao. Quit watching whatever is freaking you out. You're are way out of step with what is happening.

But yes, Elon gonna ruin america by talking h1b and trying to reduce nonsense spending a bit before we have 1930 deutschland

It's amazing they can panic otherwise seemingly intelligent posters. Wow

What happened the last few weeks that hs you panicked like a little girl? Breathe brother. We ok.

FLBear5630 said:

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Fre3dombear said:

---

FLBear5630 said:

---

Fre3dombear said:

---

FLBear5630 said:

---

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

---

So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago

Dude wakes up and suddenly x is the problem. Mmmmk. Fight that battle! Tilt that windmill.

Sorry your kamala and Biden and obama votes. Hope you banked in the markets with what they did.

---

You are seriously comparing Musks use of X to threaten Congress and censorship of X users with the Rush Limbaugh show?

---

Man. Are you denser than I thought? YouTube it. It's the video of the media coordinated against us…….30 years ago. How can you not understand that? I clearly overestimated you what with your panicked breathless posting lately that's already been confirmed.

Buy a bunker. We're doomed!!!!!

Here ya go florida. This will help you survive the next 12 years of trump then JD Vance

FLBear5630 said:

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Oldbear83 said:

---

FLBear5630 said:

---

Fre3dombear said:

---

FLBear5630 said:

---

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

---

Honestly, we see you are struggling to accept a second Trump Administration, FLBear, and so you desperately grasp at anything to complain about that might even distantly be connected to The Donald.

You are going to have a rough four years ahead.

---

4 years? That is optimistic. Keep going like the last few weeks it will be 18 months. Keep threatening Congress it will be exactly like last time, 2 years of being frustrated by Congress and 2 years of being attacked when they lose the House at midterms. The election is the beginning, not the end.

Yeah, it will be tough. Watching Trump make unforced errors through tweets and ego. Four more wasted years of BS, while China moved forward. It amazes me you don't get it. But, if comparing this to the Rush Limbaugh Show is the level of thought?

---

FLBear5630 said:

---

Oldbear83 said:

---

FLBear5630 said:

---

Fre3dombear said:

---

FLBear5630 said:

---

boognish_bear said:

---

This needs to be fixed or it will end in disaster.

Why?

Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to. They were told they would pay very little and get diversification in the 500 best companies on earth to ride out storms.

But as… https://t.co/YEYhjvrSg7

— Chamath Palihapitiya (@chamath) December 28, 2024

---

Seems to be a lot of info coming from 1 source - X.

Is anyone on this Board using multiple sources? Just seems whenever I click on the post, I am taken to X.

---

Is this info wrong? Do you dislike chamath because he doesn't look like 70% of America? Does that invalidate his opinion? Is the math wrong? Is it even a problem?
Share your favorite sources? What are your top 5 to form your diversified, well Informed opinion? I hope to become smarter and better informed

---

If I have to explain the issue with the controlling of info, it is not worth it. You honestly see no problem with any of this?

---

Honestly, we see you are struggling to accept a second Trump Administration, FLBear, and so you desperately grasp at anything to complain about that might even distantly be connected to The Donald.

You are going to have a rough four years ahead.

---

4 years? That is optimistic. Keep going like the last few weeks it will be 18 months. Keep threatening Congress it will be exactly like last time, 2 years of being frustrated by Congress and 2 years of being attacked when they lose the House at midterms. The election is the beginning, not the end.

Yeah, it will be tough. Watching Trump make unforced errors through tweets and ego. Four more wasted years of BS, while China moved forward. It amazes me you don't get it. But, if comparing this to the Rush Limbaugh Show is the level of thought?

---

This dude slept easy under Biden and Obama. Wow ^^^^^^^. Man some really challenged people out there. I knew who covid exposed. Didn't think Biden would expose these people lmao.

China??? Lmao. Where you been the last 4 years?

Oh no!!! Elon posts on X!!!!!!! Noooooooooooooo.

Admittedly don't reas much that you post but didn't peg you for a kamala voter. Tsk tsk. All the best bro

Oldbear83 said:

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Thanks for the predictable whine, Eeyore.

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No problem Jill. Having fun with that Trump action figure with the kung fu grip?

FLBear5630 said:

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Oldbear83 said:

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Thanks for the predictable whine, Eeyore.

---

No problem Jill. Having fun with that Trump action figure with the kung fu grip?

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Sorry Eeyore, you still keep confusing me with Hunter. Nothing in common.

Have a nice evening.

Fre3dombear said:

---

So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago.

---

Rush Limbaugh regularly did that on his radio program for 30 years. It brilliantly illustrated how tribal and propagandistic the MSM is. They still are the propaganda arm of the Dems, modern day Goebbels's.

historian said:

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Fre3dombear said:

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So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago.

---

Rush Limbaugh regularly did that on his radio program for 30 years. It brilliantly illustrated how tribal and propagandistic the MSM is. They still are the propaganda arm of the Dems, modern day Goebbels's.

---

As I said, Limbaugh was an entertainer. You are equating Musk as a "Government Advisor" using his private information Company to direct Congress with an entertainer. You don't see that as a bit off center????

historian said:

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Fre3dombear said:

---

So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago.

---

Rush Limbaugh regularly did that on his radio program for 30 years. It brilliantly illustrated how tribal and propagandistic the MSM is. They still are the propaganda arm of the Dems, modern day Goebbels's.

---

Agreed

Rush was bombastic ; but usually spot on.

MSNBC is a collective freak show.

KaiBear said:

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historian said:

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Fre3dombear said:

---

So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago.

---

Rush Limbaugh regularly did that on his radio program for 30 years. It brilliantly illustrated how tribal and propagandistic the MSM is. They still are the propaganda arm of the Dems, modern day Goebbels's.

---

Agreed

Rush was bombastic ; but usually spot on.

MSNBC is a collective freak show.

---

I agree on MSNBC...


Rush was outside of Govt. He agreed, was bombastic and spot on. I have no issues with Rush. But he was not designated as an official advisor or part of an Administration. That is the sore point.

BREAKING:

US Treasury announces it has been hacked in a major Chinese cyberattack

🇺🇸🇨🇳 pic.twitter.com/6ytl6GNTDj

— Visegrád 24 (@visegrad24) December 30, 2024

FLBear5630 said:

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historian said:

---

Fre3dombear said:

---

So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago.

---

Rush Limbaugh regularly did that on his radio program for 30 years. It brilliantly illustrated how tribal and propagandistic the MSM is. They still are the propaganda arm of the Dems, modern day Goebbels's.

---

As I said, Limbaugh was an entertainer. You are equating Musk as a "Government Advisor" using his private information Company to direct Congress with an entertainer. You don't see that as a bit off center????

---

I was talking about how Rush demonstrated the media propaganda machine to use the same words or phrases about specific events. My point had nothing to do with policy and I never suggested Rush had a role in government operations.

historian said:

---

FLBear5630 said:

---

historian said:

---

Fre3dombear said:

---

So wait. You're now concerned about controlling of info? Rush Limbaugh had a tv show back in the 90s. I found mashups where he could play Marxist media stations all saying the exact same words. Lol. 30 years ago.

---

Rush Limbaugh regularly did that on his radio program for 30 years. It brilliantly illustrated how tribal and propagandistic the MSM is. They still are the propaganda arm of the Dems, modern day Goebbels's.

---

As I said, Limbaugh was an entertainer. You are equating Musk as a "Government Advisor" using his private information Company to direct Congress with an entertainer. You don't see that as a bit off center????

---

I was talking about his Rush demonstrated the media propaganda machine to use the same words or phrases about specific events. My point had nothing to do with policy and I never suggested Rush had a role in government operations.

---

But that is the problem, we are mixing entertainment with policy making. Twitter/X is becoming Musks mouthpiece. We are sending Special Envoys that were TV producers. Clinton did Wag the Dog over events, Trump is running his administration as a Wag the Dog presentation.

I like the policies, that is not the issue. I get Realpolitik and agree to an extend. What we are seeing is too far.

I'm not doing anything of the kind. I'm describing how someone described a common propaganda tactic. It's all about the MSM & their propaganda, not the person analyzing it.

historian said:

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I'm not doing anything of the kind. I'm describing how someone described a common propaganda tactic. It's all about the MSM & their propaganda, not the person analyzing it.

---

It is definitely a propaganda issue, social media is creating a different dynamic. Think of it this way, how would we have reacted to someone owning a newspaper and threatening Congressmen that don't vote for the way they want in 1975? 85? If Clinton did this in 95?

As I said in another post, substitute "technology" for "military industrial complex".

Fair point. But considering the rot & corruption in our government and the essential need for change, I think most on the right agreed with Elon when he suggested that Congressmen voting for more of the same stupid nonsense (1500 pages of pork & corruption) should be primaried. We want to get rid of the RINO's and other deadbeats. They are as much of the problem as the fascists in the other party.

The stupid debate over h1b1 visas is a distraction and a waste of time now. It's an issue that should be discussed at another time. Elon & Vivek made a big mistake with this one.

historian said:

---

Fair point. But considering the rot & corruption in our government and the essential need for change, I think most on the right agreed with Elon when he suggested that Congressmen voting for more of the same stupid nonsense (1500 pages of pork & corruption) should be primaried. We want to get rid of the RINO's and other deadbeats. They are as much of the problem as the fascists in the other party.

The stupid debate over h1b1 visas is a distraction and a waste of time now. It's an issue that should be discussed at another time. Elon & Vivek made a big mistake with this one.

---

I agree. They also made a mistake in coming out so aggressive, it just set off opponents. A more thoughtful approach would have played better and got them closer to where they want to be. Take the Johnson debacle, now Trump is having to publicly back him, putting him at odds with his thin majority. There are political realities they need to take into consideration. You have a couple of Senators and Reps go Independent and there is no majority. There is a real danger of losing Murkowski and Collins, neither would be hurt politically at home. But, Trump needs them.

Auto loan delinquency rates are at their highest in more than a decade, per WSJ: pic.twitter.com/HzL9htP4Hp

— unusual_whales (@unusual_whales) January 3, 2025

boognish_bear said:

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Auto loan delinquency rates are at their highest in more than a decade, per WSJ: pic.twitter.com/HzL9htP4Hp

— unusual_whales (@unusual_whales) January 3, 2025

---

There's scant few statistics that aren't at near or worst ever in the various things that matter most to people that schlep to work every day

Marketing is an amazing thing but shockingly
It was actually so bad most of the public said enough

Real quick: Let's rewind to 2018.

The Fed implemented a 75 basis point "insurance rate cut" after tariffs triggered financial conditions tightening.

Markets experienced significant volatility.

But that might look like a minor tremor compared to what's coming... pic.twitter.com/ePxb0fU99P

— Gary Stone (@GaryStoneSWS) January 3, 2025

Goldman's analysis reveals multiple concerns:

• Potential universal tariffs
• Extension of 2017 tax cuts
• Additional personal tax cuts worth 0.2% of GDP
• Regulatory changes ahead

But there's more to this story: pic.twitter.com/Oaf97IYF3q

— Gary Stone (@GaryStoneSWS) January 3, 2025

Imagine taking 30%/40% of everyone's money and being $36 trillion in debt

For many people at the lower end, the tax rate is significantly lower but the point is still made: the federal takes too much if our money and then spends a lot more. Much of it is wasteful & it is hurting the economy. For one thing, govt spending is a big driver of inflation.