Morgan Stanley Credits ‘Bidenomics’ for Economic Surge
- Thread starter exGOPer
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It's a huge problem (interest rates) especially if the economy continues to improve.
Another problem is what I saw on my last visit to the States...a lot of people one day talking about their hourly pay or monthly salary being higher than it ever has been in their employment career but they continue to complain and worry about their cost of living...
A few I mentioned or suggested that they should "downsize" and they looked at me like I was crazy. Further, some are trying to determine how to "upsize" their living...accumulating more debt while blaming it on the "economy".
Another thing I saw that I didn't see 10 years ago...more high school students with part-time jobs during the school year or full-time jobs in the summer because they need to make money to buy the things their parents can not afford to buy for them.
My point, there's a disconnect about a growing economy that's encouraging people to "upsize" to the point that their cost of living continues to become more difficult and people are working more hours, and multiple jobs just to maintain that "lifestyle or a feeling that the're OK.
One more stange thing I saw...high schools are getting bigger with more amenities. I visited my old high school that I attended for two years before studying abroad in France for two years of secondary school...
I didn't recognize my old high school, it had doubled in size, had state of a state-of-the-art fitness center, indoor track, a football stadium set up like a stadium at a university, and a state-of-the-art computer system to rival a top university...
The expenditures were off the map while the parents of those students are bitching about how bad the economy is when they have a 6 figure income but growing debt.
Simply, I'm lost about how people feel when it comes to the economy when I see these crazy expenditures. In contrast, I see poor neighborhoods (they do exist) getting poorer.
In America (Canada too)...the more money they make...they have this stupid need to spend more of it (see chart below).
U.S. household debt increased by 4.8% from November 2022 to November 2023, with credit card debt as the highest increase at 16.6%.
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wrbtrader
Yes, household debt is rising and will continue to rise. Americans have the capacity to hold more debt. I get Americans aren’t in perfect shape but we are by far still the cleanest shirt in the dirty laundry pile.
Elections are getting tighter and tighter, no doubt about that and a spoiler works both ways. Michigan, Pennsylvania and Arizona could decide the election by 20,000 votes combined.
Possible.With everything Biden has going against him I don't think it will be that close.Black turnout in Philly and Pittsburgh has decided PA since 2008.
High Black turnout in Detroit is a must .Biden has another major problem in MI with The Muslim don't vote for Biden effort over Palestine.That could be a problem in many states as it seems they are coordinating it well as nationwide effort.
Bidenomics for the win!
Biden’s economy keeps messing up Trump’s message
https://www.politico.com/news/2024/...-the-economy-as-it-steadily-improves-00139447
Biden’s economy keeps messing up Trump’s message
https://www.politico.com/news/2024/...-the-economy-as-it-steadily-improves-00139447
Based upon your own words concerning Muslim voters in Michigan...you stated "a major problem in MI with the Muslim don't vote for Biden. You went on to say it seems they are coordinating it well as a nationwide effort.
You should then be closely watching the DNC primaries in the states with the largest population of Muslims...right ???
Further, do you know what percentage of the Muslim population in Michigan do not support Biden ???
Dearborn has the largest population of Arab Americans in Michigan.
https://www.washingtonpost.com/politics/2024/01/31/arab-muslim-voters-work-to-defeat-biden/
Dearborn has the largest population of Arab Americans in Michigan.
https://www.washingtonpost.com/politics/2024/01/31/arab-muslim-voters-work-to-defeat-biden/
Regardless, I find that an interesting statement by you considering I own a home (inherited my parent's home) in the North Suburbs of Illinois...most of the Muslims I've met were not Arabs. They were Asians.
More specifically, they are South Asians and they seemed disinterested in what is occurring in the Middle East. Therefore, I'm now curious to see how Muslims will vote in the below listed largest Muslim populations of the United States of America considering a large number of them are not Arabs.
According to a 2017 study done by the Institute for Social Policy, "American Muslims are the only faith community surveyed with no majority race, with 26 percent white, 18 percent Asian, 18 percent Arab, 9 percent black, 7 percent mixed race, and 5 percent Hispanic".
1. Illinois
Percentage of Muslim Population: 3.7%
Total Muslim Population: 473,792
Illinois has the highest percentage of Muslim population in the United States. Chicago is the hub of diverse cultures where a significant concentration of Muslims can be found. There are more than 50 mosques within the greater Chicago area. Among the most prominent ones are Darul Islam Mosque in Bloomingdale and the Muslim Community Center (MCC) in Chicago. The community comprises people belonging to different cultures and ethnicities whose roots can be traced to South Asia, Africa, and the Middle East...
2. New York
Percentage of Muslim Population: 3.6%
Total Muslim Population: 724,475
New York has the largest total Muslim population in the United States. It is a cosmopolitan state with a diverse population. There are large Muslim communities in cities such as New York City and Buffalo. A lot of Muslims came to New York in the 1980s and 1990s as refugees or recipients of Green cards. Many of these Muslims belong to the Middle East, South Asia, Africa, and Southeast Asia. The state has several mosques and community centers for Muslims, such as the Islamic Cultural Center of New York (ICCNY) and Masjid Malcolm Shabazz. In fact, Greater New York City has the highest number of mosques in the country...
3. New Jersey
Percentage of Muslim Population: 3.5%
Total Muslim Population: 321,652
New Jersey is home to a large number of Muslim immigrants. The diverse Muslim community of New Jersey includes Asian, Arab, and African Americans. After the establishment of the first mosque in New Jersey in the early 20th century, many more have been founded around the state. Prominent mosques and centers include the Islamic Society of Central Jersey (ISCJ), the Islamic Organization of North America (IONA), and Masjid Al-Noor of Paterson...
4. Maryland
Percentage of Muslim Population: 3.1%
Total Muslim Population: 188,914
The Muslim population in Maryland experienced rapid growth in the latter half of the 20th century due to immigration from various countries, especially Pakistan and Bangladesh. Today, this community represents a mix of different races, ethnicities, and sects. Moreover, the state is dotted with mosques and Islamic centers, which serve as places of worship, education, and community activities. Some of these are the Islamic Society of Baltimore (ISB), the Muslim Community Center (MCC), and the Islamic Center of Maryland (ICOM)...
5. Michigan
Percentage of Muslim Population: 2.4%
Total Muslim Population: 241,828
Michigan attracted many Muslim immigrants towards the end of the 20th century. The largest ethnic group among Muslims in Michigan is Arabs. The first mosque in Michigan was established in Detroit. Currently, there are many mosques within the state, including the Islamic Center of America (ICA) in Dearborn, the Yemeni American Community Center (YACC) in Dearborn, and the Islamic House of Wisdom (IHW) in Ann Arbor...
Within the Muslim population of the United States -
In the most recent years...among U.S. Muslim adults who were born abroad, more come from South Asia (35%) than any other region. An additional 23% were born in other parts of the Asia-Pacific region (such as Iran, Indonesia, etc.); 25% come from the Middle East-North Africa region, 9% come from sub-Saharan Africa, 4% were born in Europe and 4% come from elsewhere in the Americas.
In contrast, the largest Arab American communities in the United States:
You did say that they are coordinating it well as a nationwide effort. The below list of Arab American communities will be watched closely by you. Therefore, I'm curious too considering most of the Muslims I know today (didn't know for a long time that they were Muslim) are not Arab Americans.
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With that said, one of the first lessons given to me in the military when I was stationed in Kentucky @ Fort Campbell...the politics one one ethnic group within the Muslim population was much different than another ethnic group within the Muslim population.
It was something I had forgotten while growing up for awhile in the state of Illinois and reminded often whenever I visit the states, especially in Illinois where my neighbor on the right is Muslim (South Korean...a friend from South Korea...former South Korean military officer) and my neighbor directly across the street is Muslim (Pakistan...owns a home in Israel)...
Both are heavily involved in U.S. politics while the three of us also live abroad. Both are voting for Biden whereas I'm voting to get rid of Trump (Independent or Biden).
I'll be in South Korea for about 2 weeks this summer with my family in an area known for expats of the United States because South Korea is a popular destination for expats....absentee voters from the 2020 elections. They tend to ignore what's occurring in the Middle East but I will be asking them about their opinion of Israel / Gaza / United States.
American expats living abroad like my neighbors and myself...it's a population of 8 million voters although most of us live abroad because of family. In addition, it's estimated that the number of American expats doubled under the Trump presidency. In contrast, it has slowed under the Biden presidency.
wrbtrader
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NBC News Poll: Trust to do a Better job...
The Economy
Trump 55% (+22)
Biden 33%
The Economy
Trump 55% (+22)
Biden 33%