Biden Score Card

 

Every Tuesday I am going keep a running score card of the destruction of Biden/Democrats/ Socialists. I plan to keep score of the cost of regular gasoline, the Dow Jones Industrial Average and the strength or lack of it against the Chinese RMB or yuan.

The gasoline price is different in many locales. States and local taxes play a big part in the discrepancies. I am going to use the place where I purchase my fuel which is at Costco in the Charleston South Carolina area. I found that they are about 10 cents cheaper than other local stations in the area but not always cheaper than outlying areas. SC is on the lower end of the state tax, Pennsylvania being the highest.

The DJIA will be from Monday unless it’s a holiday and so will the dollar/yuan.  Remember with the yuan, the more yuan you get for a dollar the stronger the dollar and Vice a versa .If anyone would like something else followed let me know in comments.

I will post the numbers tomorrow for a benchmark .

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  1. Hoyacon Member
    Hoyacon
    @Hoyacon

    Any chance of keeping track of Vermont cheddar?

    Seriously, thanks for doing this.

    • #1
  2. PHCheese Inactive
    PHCheese
    @PHCheese

    Hoyacon (View Comment):

    Any chance of keeping track of Vermont cheddar?

    Seriously, thanks for doing this.

    Cheddar yes, Vermont no. I’ll take it under advisement.

    • #2
  3. Richard Easton Coolidge
    Richard Easton
    @RichardEaston

    Maybe the NTers could chip in for the cost to the rest of us of President Groper.

    • #3
  4. MarciN Member
    MarciN
    @MarciN

    A friend of mine was really upset today about the jobs that will be lost with the cancellation of the Xcel pipeline project. That’s just the beginning. 

    • #4
  5. DonG (2+2=5. Say it!) Coolidge
    DonG (2+2=5. Say it!)
    @DonG

    This might help:  https://www.gasbuddy.com/charts

    Since Biden plans to expand the labor pool and undercut businesses, I think you should track % of Americans employed.
    https://fred.stlouisfed.org/series/CIVPART

    Government transfer payments.   https://fred.stlouisfed.org/series/B087RC1Q027SBEA

    National debt:  https://www.usdebtclock.org/

     

    • #5
  6. PHCheese Inactive
    PHCheese
    @PHCheese

    DonG (2+2=5. Say it!) (View Comment):

    This might help: https://www.gasbuddy.com/charts

    Since Biden plans to expand the labor pool and undercut businesses, I think you should track % of Americans employed.
    https://fred.stlouisfed.org/series/CIVPART

    Government transfer payments. https://fred.stlouisfed.org/series/B087RC1Q027SBEA

    National debt: https://www.usdebtclock.org/

     

    Good ideas. I do some problems trusting the new government numbers however. Also under advisement.

    • #6
  7. PHCheese Inactive
    PHCheese
    @PHCheese

    I might add mortgage rates as well.

    • #7
  8. JamesSalerno Inactive
    JamesSalerno
    @JamesSalerno

    I’m predicting college endowments will skyrocket with all of the fake jobs critical race theory will create. And if they bail out student loans, those tuition costs will go through the roof. Maybe track average endowment of a four year university? Or average tuition costs? 

    Most of the things I would like to see tracked probably need to be looked at annually and not week by week. I’m also curious to see if we see a drop in small business creation and patent applications.

     

    • #8
  9. DonG (2+2=5. Say it!) Coolidge
    DonG (2+2=5. Say it!)
    @DonG

    Here’s a chart for manufacturing wages adjusted for inflation.

    • #9
  10. kedavis Member
    kedavis
    @kedavis

    MarciN (View Comment):

    A friend of mine was really upset today about the jobs that will be lost with the cancellation of the Xcel pipeline project. That’s just the beginning.

    So much of it is already completed, I’m not sure how much can still be “cancelled.”  Maybe it can be tied up in court long enough to finish.  Especially if the states involved have already agreed etc.

    • #10
  11. kedavis Member
    kedavis
    @kedavis

    How about the Consumer Price Index (CPI) and/or the price of gold?

    • #11
  12. David Carroll Thatcher
    David Carroll
    @DavidCarroll

    Is the scorecard about the destrction of the Biden/Socialists?  Or the destruction by the Biden Socialists?  I am confused.  

    I woudl rejoice in their being destroyed, but I am not seeing it.

    • #12
  13. JosePluma Thatcher
    JosePluma
    @JosePluma

    kedavis (View Comment):

    How about the Consumer Price Index (CPI) and/or the price of gold?

    I second this. 

    • #13
  14. MeandurΦ Member
    MeandurΦ
    @DeanMurphy

    DonG (2+2=5. Say it!) (View Comment):

    This might help: https://www.gasbuddy.com/charts

    Since Biden plans to expand the labor pool and undercut businesses, I think you should track % of Americans employed.
    https://fred.stlouisfed.org/series/CIVPART

    Government transfer payments. https://fred.stlouisfed.org/series/B087RC1Q027SBEA

    National debt: https://www.usdebtclock.org/

     

    % employed has been rejiggered by not counting people who aren’t looking anymore.

    • #14
  15. kedavis Member
    kedavis
    @kedavis

    MeandurΦ (View Comment):

    DonG (2+2=5. Say it!) (View Comment):

    This might help: https://www.gasbuddy.com/charts

    Since Biden plans to expand the labor pool and undercut businesses, I think you should track % of Americans employed.
    https://fred.stlouisfed.org/series/CIVPART

    Government transfer payments. https://fred.stlouisfed.org/series/B087RC1Q027SBEA

    National debt: https://www.usdebtclock.org/

     

    % employed has been rejiggered by not counting people who aren’t looking anymore.

    Yes that’s long been a problem with “employment numbers.”  There are various figures, they call them E1 or E2 or O1 or O2 or whatever, and they can decide which ones make them look best.  Or worst, depending on their agenda.

    • #15
  16. Stad Coolidge
    Stad
    @Stad

    We need to keep track of two benchmarks:

    1. Where everything was before COVID, and
    2. Where everything was near the election during the recovery, aided mostly by states with lower or no restrictions.

    The data should be things like economic growth, jobless numbers, inflation, stock market, etc.  Put another way, the Republicans should do this to be ready to attack the 2022 elections (and 2024) with a vengeance . . .

    • #16
  17. GlennAmurgis Coolidge
    GlennAmurgis
    @GlennAmurgis

    How soon will Corporate media be dragging out the “Save or Created Job” metric

    • #17
  18. SParker Member
    SParker
    @SParker

    The yuan/USD is not going to tell us much.  The yuan is pegged to the dollar (has been since 1994).  Price of gold is a much better choice, as suggested above.  Any commodity priced in dollars would do, but gold factors out non monetary supply/demand better.  Also consider using the S&P 500 (maybe the Russell 2000 in addition) instead of the DJI.  Good luck and remember the yuan peg the next time a politician gets pissy about Chinese currency “manipulation.”

    • #18
  19. DonG (2+2=5. Say it!) Coolidge
    DonG (2+2=5. Say it!)
    @DonG

    kedavis (View Comment):

    MeandurΦ (View Comment):

    DonG (2+2=5. Say it!) (View Comment):

    This might help: https://www.gasbuddy.com/charts

    Since Biden plans to expand the labor pool and undercut businesses, I think you should track % of Americans employed.
    https://fred.stlouisfed.org/series/CIVPART

    Government transfer payments. https://fred.stlouisfed.org/series/B087RC1Q027SBEA

    National debt: https://www.usdebtclock.org/

     

    % employed has been rejiggered by not counting people who aren’t looking anymore.

    Yes that’s long been a problem with “employment numbers.” There are various figures, they call them E1 or E2 or O1 or O2 or whatever, and they can decide which ones make them look best. Or worst, depending on their agenda.

    The number I gave is correct.   You are thinking about unemployment as widely reported.  That is % of active workers looking for a job (active workers is employed + those looking).  That is more specifically U3.  There is another rate (called U6) that includes discouraged workers and it is always higher than U3.   However, the broadest measure is the total number of employed people.  This allows for measuring people that drift in/out of the labor force.  For example, someone might be retired or a homemaker, but the economy is hot and friend talks them into helping with books at a small business.  That was someone who was not counted as unemployed, but became employed.  During Obama the number of people in the labor force dropped by 6 million.  People in the margins can make money by other means (flea markets, cash work,…) and by looking at % of Americans employed we get see how the overall economy is working for people on the margins.

    • #19
  20. No Caesar Thatcher
    No Caesar
    @NoCaesar

    PHCheese (View Comment):

    DonG (2+2=5. Say it!) (View Comment):

    This might help: https://www.gasbuddy.com/charts

    Since Biden plans to expand the labor pool and undercut businesses, I think you should track % of Americans employed.
    https://fred.stlouisfed.org/series/CIVPART

    Government transfer payments. https://fred.stlouisfed.org/series/B087RC1Q027SBEA

    National debt: https://www.usdebtclock.org/

     

    Good ideas. I do some problems trusting the new government numbers however. Also under advisement.

    Please track U1 and U4 unemployment rates

    • #20
  21. No Caesar Thatcher
    No Caesar
    @NoCaesar

    kedavis (View Comment):

    How about the Consumer Price Index (CPI) and/or the price of gold?

    And the price of BitCoin.  If the US dollar stops being the world’s reserve currency no one trusts China to replace it with the yuan   It will go to a basket of cryptos (for better or worse).

    • #21
  22. No Caesar Thatcher
    No Caesar
    @NoCaesar

    As to market indices and other interest rates:

    S&P 500

    S&P 1000

    FTSE 500

    Nikkei 500

    Hang Seng

    Shanghai

    LIBOR and Prime

    Crude Oil and natural gas spot prices.

    Treasuries: 26 week T-bills, 5 year Notes, 20 tear Bonds

     

    • #22
  23. kedavis Member
    kedavis
    @kedavis

    No Caesar (View Comment):

    kedavis (View Comment):

    How about the Consumer Price Index (CPI) and/or the price of gold?

    And the price of BitCoin. If the US dollar stops being the world’s reserve currency no one trusts China to replace it with the yuan It will go to a basket of cryptos (for better or worse).

    Isn’t China getting all the bitcoin now too?

    • #23
  24. JosePluma Thatcher
    JosePluma
    @JosePluma

    Prices on 1/19/2021:

    Gold:  $1838.33/oz.

    Silver:  $25.22/oz.

    • #24
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