mam98031 • Volunteer Community Member • Buyer/Seller since 1999
The USA is still the world's strongest single economy, with the European Union as a group being slightly stronger.
Americans for some reason panic about China, but ignore the established European market.
I had vaguely heard of Maslow's Hierarchy of Needs but wasn't sure what it was.
So thanks to Mr. Google, here it is:
https://canadacollege.edu/dreamers/docs/Maslows-Hierarchy-of-Needs.pdf
You learn something new every day, whether you want to or not.
Sorry, respectfully, you're wrong. Obama spent the most money of any US President. The crazy thing is no one has accounted for inflation with Obama spending. He caused the national debt to go out of control.
When he left office, Obama caused a surplus debt of 9.5 trillion. If we factor in inflation on an ongoing basis throughout his 2 terms, it's probably in the 11 to 12 trillion dollar range of surplus spending.
The national debt and federal spending are in essence a business operation although no other public or private business could operate so long in such a manner. Historically:
One factor of increasing inflation is excess currency production and massive amount of government spending, like Obama did. Need I remind you of the infamous and wasteful "Obamacare". In 2012, under Obama, the United States Bureau of Engraving & Printing printed the most currency in the history of our great United States of America, 386 billion in banknotes. In 2013, under Obama, the 2nd most banknotes ever printed, 321 billion worth. In 2021, under Biden, the 3rd most banknotes ever printed, 320 billion.
Nothing wrong with that and in fact there is an economic factor known as the multiplier effect that actually boosts the economy as a result of federal spending. As they printed those banknotes they in essence sold stock in the form of T-Bills to cover those. If you look at the breakdown of the Federal budget you will discover that a very small percentage of the budget appropriations process involves political debate. Mandatory spending is not part of the appropriations process or is the payment of interest on the national debt. Only about 30% of the federal budget involves discretionary funding and that percentage has been slowly shrinking over the years as mandatory spending and interest payments continue to consume a greater part of the budet.
Mr. Trump had to deal with the ramifications.
Don't forget, the most lucrative time in ecommerce happened under Trump's "watch".
I would tend to give the pandemic more credit for the boom in ecommerce than I would any politician.
With the amount of government spending, out of control inflation topping the vaunted 4% range several times under Biden and topping out at 9.1%, CPI growing by 20%, real wages losing ground to inflation, and current U-6 unemployment rate 7.5%, I'd say many of us are doing pretty well selling on Ebay, given the circumstances.
@monster-deals wrote:
@ebooksdiva wrote:eBay throttles your sales!! Lol 😂🤣🤪
anyone thinking that ebay can't or won't throttle you hasn't been on ebay long enough
...and of course other sellers can pay to do it to you as well.
I pay 2.2% to do it to all of you.
Sellers have made this claim for years but never have offered proof / evidence that they do this.
It makes no financial sense for Ebay to "throttle" sales on any seller.
But in the User Agreement, they tell you that your listings may not display in some search returns. It has said this for years. So Ebay does tell us that our listings aren't always displayed in some search returns.
In Part 6 of the User Agreement.
- To drive a positive user experience, a listing may not appear in some search and browse results regardless of the sort order chosen by the buyer,
- eBay's Duplicate listings policy may also affect whether your listing appears in search results,
https://www.ebay.com/help/policies/member-behaviour-policies/user-agreement?id=4259#section1
This happens because of the shear volume of listings in some categories or Search returns.
@pcobra93 wrote:Exactly what Biden policy has led to any positive economic improvement?
This is a real issue. Biden is simply not doing a very good job making sure his accomplishments are readily known. IDK why, but you are right, there are way too many people that do not know what he has done. It has a lot to do with what I wrote in post in post 11 on this thread.
I also hit on why many don't think the economy is doing very well.
@cardxcraft wrote:Your "trust me bro" economics don't work on intelligent, independent folks. You must've forgot, we fact check everything.
Trump average inflation rate was 1.7%, through the middle of a pandemic and economic standstill. Joe Biden average inflation 5.7%, with a high of 9.1%. December 2023 U-6 unemployment rate was 7%. Your argument just got dipped. With all due respect, you don't want this noise.
Oh no that is just myopic.
https://www.usinflationcalculator.com/inflation/current-inflation-rates/
Don't forget that pesky little thing called a Pandemic. That messed with our health and our economy drastically. This started in 2020, by 2022 we were doing better getting the Pandemic under control, but the economy was still suffering. It has take a bit to get that back down.
We are still feeling the effects of the Pandemic in our housing prices, grocery costs, gas, etc. Those big companies just don't want to fall back in line.
President Biden's top economic priority is lowering costs for American families—including calling on grocery chains making record profits to lower prices. The President and his team have been meeting with CEOs and business leaders, including Target CEO Brian Cornell, to discuss the elevated costs that families face. May 24, 2024
https://time.com/6977026/democrats-biden-executive-authority-grocery-prices/
