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Economy

Booming Biden economy spells trouble for Trump. Just look at your 401k

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To all devoted MAGA patriots aboard the Trump Train:

America’s economy appears to have gone woke and is now fully supporting the reelection of Crooked Joe Biden. I’m not sure how this happened, but no matter how much we say the economy is terrible, it keeps unpatriotically refusing to be terrible, posing a direct threat to PRESIDENT Donald J. Trump in the 2024 presidential race.

Just look at these recent headlines about the now-totally-liberal economy:

Along with all that, the S&P 500, which we now know has a liberal bias, hit a record high Jan. 19, wage growth is beating inflation and jobless claims hit their lowest point since 2022.

There must be fear!Good economic news forces the GOP to switch narrative to the border.

A booming Biden economy is bad for America and worse for Trump

None of this is good news if you care about President Trump or America. It’s clear Democrats are manipulating the economy and making it the strongest economy in the world in order to fool voters into thinking Biden is a competent president.

President Joe Biden waves to the audience after speaking about funding for the I-535 Blatnik Bridge at Earth Rider Brewery on January 25, 2024 in Superior, Wisconsin.

Don’t believe me? If you own stocks or have a 401(k), just look at your balance and you’ll see EXACTLY what these cheaters are up to. They’re trying to buy your votes by putting more money in your pockets. That’s cheating. DON’T BE FOOLED!

It’s clear true Trump supporters cannot be party to this kind of liberal skullduggery. So in response to this distressing spate of positive economic news, I hereby call on all MAGA faithful to remove themselves from the CORRUPTLY BOOMING BIDEN ECONOMY.

‘Bidenomics’ is working.It’s too bad for Biden that Trump’s message of doom is winning.

Cash out your 401(k) and invest in the Trump Train, baby!

If you have a 401(k), you need to immediately cash that out and either donate the money to President Trump’s reelection campaign/legal defense fund (he will give it back to you, with interest, once elected) or invest those funds in somethings sensible, like digital Trump Trading Cards.

Traders work on the floor of the New York Stock Exchange (NYSE) on January 19, 2024 in New York City. Stocks closed up over 350 points while the S&P 500 closed at an all-time high on Friday.

Next, you must quit your job. It’s on us to help President Trump’s campaign by bringing those unemployment numbers back up to where we think they should be under an incompetent president who doesn’t know what day it is.

If you aren’t willing to quit your job, you must at least refuse any pay raise you’re offered. Only a squishy lib would allow himself to get paid more while a DEMONcrat is in office.

Trump’s trading cards got us thinking:Is it sad? Desperate? Or a time to be selfless?

Trump wants you to believe America is a disaster – do as he says

Lastly, it is ABSOLUTELY imperative that you not feel confident about the future. America is a terrible place. It is falling apart. The economy is in shambles and your personal economic situation is a garbage fire.

Darkness is everywhere. Living is anguish. All hope is lost.

A screenshot of a Donald Trump digital trading card, weirdly featuring him wearing a space suit.

Only by embracing these America-first beliefs, and believing Trump is the one person who can fix everything and make life perfect, will you be able to declare yourself a true MAGA loyalist.

So get out there, fellow patriot, and disconnect from Biden’s economy. Sell stocks, put your retirement money in Trump’s coffers, embrace the gloom.

When it comes to Biden’s hot economy, remember this: Go broke or you’re woke.

 

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Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

Statistics Canada reports wholesale sales higher in July

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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