Economic Surprise Index Falls To -0.126 As Buying Conditions For Housing Remains Negative For Most Of Biden’s Presidency (US Debt Servicing Costs 12% Of Government Spending)

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I saw former President Obama criticizing former President Trump for not passing “transformative” changes. That is, Trump didn’t sign any Obama-like transformative changes (like Obamacare). Truimp did try to slow down the damage done by Obama and his transformative agenda (e.g., open borders, wealth redistritution, green energy) that Biden has attempted to continue.

As we approach the party conventions and Presidential election of 2024, we saw the Economic Surprise Index (ESI) in May decline to -0.126.

Coupled with Biden’s negative buying conditions for housing (higher mortgage rates and soaring house prices), Obama’s Jacobian transformative economic fantasty is on thin ice.

Speaking of higher interest rates, US debt servicing costs currently make up 12% of government spending. Jacobin revolution = Cloward-Piven.

Let’s hope the Obama/Biden Jacobin revolution doesn’t get to this point!

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4 thoughts on “Economic Surprise Index Falls To -0.126 As Buying Conditions For Housing Remains Negative For Most Of Biden’s Presidency (US Debt Servicing Costs 12% Of Government Spending)”

  1. Pingback: Economic Surprise Index Falls To -0.126 As Buying Conditions For Housing Remains Negative For Most Of Biden’s Presidency (US Debt Servicing Costs 12% Of Government Spending) – CNBS News
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  4. Sports Desk

    Meet the Private Equity Firm Squeezing America for Baseball Stadium Subsidies https://boondoggle.substack.com/p/meet-the-private-equity-firm-squeezing? Boondoggle

    Private Equity is Ruining My Weekends https://www.discourseblog.com/p/private-equity-is-ruining-my-weekends? Discourse Blog

    The Bezzle

    In this, North Little Rock is not alone. Diamond Baseball Holdings, in just the last three years, has rolled up a quarter of America’s Minor League Baseball teams. It now owns more than 30 https://www.nytimes.com/athletic/5408834/2024/04/15/minor-league-baseball-team-ownership-diamond-baseball-holdings/ of the 120 minor league teams that are officially sanctioned by Major League Baseball, in states all across the country https://www.nytimes.com/athletic/5408834/2024/04/15/minor-league-baseball-team-ownership-diamond-baseball-holdings/, from California to Oklahoma to Iowa to Virginia to Massachusetts.

    Baseball America calls Diamond Baseball Holdings https://www.baseballamerica.com/stories/how-diamond-baseball-holdings-became-the-most-powerful-owner-ever-in-minor-league-baseball/ “the most powerful ownership group in the history of Minor League Baseball.” It bought 16 teams https://www.baseballamerica.com/stories/how-diamond-baseball-holdings-became-the-most-powerful-owner-ever-in-minor-league-baseball/ in 2023 alone. Much of the local press coverage of those purchases lingers on the fact that Diamond Baseball Holdings beautifies local minor league stadiums, with upgraded scoreboards, seats, and batting cages, and that it brings in fancy new sponsors.

    Share https://boondoggle.substack.com/p/meet-the-private-equity-firm-squeezing?utm_source=substack&utm_medium=email&utm_content=share&action=share

    Left unremarked upon is that it often demands public money for that stadium construction, subsidies which have collectively cost communities hundreds of millions of dollars.

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