Biden’s economy

[Anonymous]

Anonymous wrote:Why is he draining the Strategic Petroleum Reserves?

To lower fuel prices to buy votes.

Why is he paying off student debt?

To buy votes.

SPR stocks have increased every week since June 30. 2023, fwiw.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And if the economy is so terrible why are the roads, airports, trains, and hotels so full?? Where is the money coming from for people to take these vacations?

One in 4 Americans has savings less than $1k.

They better be ready to pull themselves up by the bootstraps when they retire then. Personal responsibility, amirite?

Plus Trump will eviscerate social security and Medicare if he is elected. The pot will be too small once he puts through another tax cut.

Hope MAGA enjoys.

Economy performed better under Trump. That’s exactly what Biden’s problem is. Point is, you asked how people can afford vacations. My response is that in reality, many of them can’t.

25% increase in national debt
skyrocketing unemployment
cratering economy

Sure, Trump was awesome.

Sorry.
To ignore how great things were prior to the pandemic proves you are just a partisan hack.

https://www.wsj.com/articles/what-happened-to-the-economy-under-trump-before-covid-and-after-11602713077

Yes. But if Trump hadn’t “cut” the U.S. federal government presence in China (the very people from HHS qualified to understand and report on things like COVID 19), we wouldn’t have had a global pandemic. Trump’s incompetence let it happen.

The United States leads in managing global threats like this and Trump was busy with his executive time.

And if you dispute that consider how we handled SARS under Bush and MERS under Obama.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why is he draining the Strategic Petroleum Reserves?

To lower fuel prices to buy votes.

Why is he paying off student debt?

To buy votes.

SPR stocks have increased every week since June 30. 2023, fwiw.

No they haven't. AND more importantly, if a war kicks off somwhere, what is the military going to do without fuel? You gonna fly planes with solar panels?

The SPR was drained because of a "man caused" emergency in democrat parlance. It's not there so that you can use it to lower fuel prices when you've attacked oil production, trsnsportation and refining for three years and suddenly it's an election year and your numbers aren't looking good.

The SPR is there for an emergency. This isn't one.

Stop shooting the country in the foot because of your screwed up ideology. If people want alternative energy, they'll buy it at NATURAL prices, not you forcing them into a corner constantly to FORCE people to do what you want them to do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is he draining the Strategic Petroleum Reserves?

To lower fuel prices to buy votes.

Why is he paying off student debt?

To buy votes.

SPR stocks have increased every week since June 30. 2023, fwiw.

No they haven't. AND more importantly, if a war kicks off somwhere, what is the military going to do without fuel? You gonna fly planes with solar panels?

The SPR was drained because of a "man caused" emergency in democrat parlance. It's not there so that you can use it to lower fuel prices when you've attacked oil production, trsnsportation and refining for three years and suddenly it's an election year and your numbers aren't looking good.

The SPR is there for an emergency. This isn't one.

Stop shooting the country in the foot because of your screwed up ideology. If people want alternative energy, they'll buy it at NATURAL prices, not you forcing them into a corner constantly to FORCE people to do what you want them to do.

Like refusing women access to contraception? Or forcing a woman to give birth?

[Anonymous]

Anonymous wrote:

Anonymous wrote:JUST IN: For the 1st time since the 2008 Financial Crisis a top-rated commercial mortgage-backed bond has experienced a loss.

Investors of the AAA-rated portion of a $308 million Commercial Mortgage-Backed Security (CMBS) on the 1740 Broadway building in midtown Manhattan got hit with a $40 million loss, or 26%.

The other 5 groups of lower-rated portions of the CMBS were completely wiped out and lost $150.5 million.

Meanwhile, there is ~$700 billion backed by the US government CMBS and $3 trillion of commercial mortgages on US bank balance sheets.

Who owns these bonds - your pension and 401k

Republicans thought getting rid of pensions and substituting the with the freedom of 401k’s was a good idea under Reagan.

Reagan has been dead for 20 years and out of office since 1989. Why haven't all the democratic presidents after him fix it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JUST IN: For the 1st time since the 2008 Financial Crisis a top-rated commercial mortgage-backed bond has experienced a loss.

Investors of the AAA-rated portion of a $308 million Commercial Mortgage-Backed Security (CMBS) on the 1740 Broadway building in midtown Manhattan got hit with a $40 million loss, or 26%.

The other 5 groups of lower-rated portions of the CMBS were completely wiped out and lost $150.5 million.

Meanwhile, there is ~$700 billion backed by the US government CMBS and $3 trillion of commercial mortgages on US bank balance sheets.

Who owns these bonds - your pension and 401k

Republicans thought getting rid of pensions and substituting the with the freedom of 401k’s was a good idea under Reagan.

Reagan has been dead for 20 years and out of office since 1989. Why haven't all the democratic presidents after him fix it?

They have
Clinton cleaned up
Biden cleaned up

Over time fact republicans suck and Dems clean up this is not hard to find

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JUST IN: For the 1st time since the 2008 Financial Crisis a top-rated commercial mortgage-backed bond has experienced a loss.

Investors of the AAA-rated portion of a $308 million Commercial Mortgage-Backed Security (CMBS) on the 1740 Broadway building in midtown Manhattan got hit with a $40 million loss, or 26%.

The other 5 groups of lower-rated portions of the CMBS were completely wiped out and lost $150.5 million.

Meanwhile, there is ~$700 billion backed by the US government CMBS and $3 trillion of commercial mortgages on US bank balance sheets.

Who owns these bonds - your pension and 401k

Republicans thought getting rid of pensions and substituting the with the freedom of 401k’s was a good idea under Reagan.

Reagan has been dead for 20 years and out of office since 1989. Why haven't all the democratic presidents after him fix it?

Let the Republican Party fix something if you think it’s a problem. All the GOP ever does is give tax breaks and run up the deficit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JUST IN: For the 1st time since the 2008 Financial Crisis a top-rated commercial mortgage-backed bond has experienced a loss.

Investors of the AAA-rated portion of a $308 million Commercial Mortgage-Backed Security (CMBS) on the 1740 Broadway building in midtown Manhattan got hit with a $40 million loss, or 26%.

The other 5 groups of lower-rated portions of the CMBS were completely wiped out and lost $150.5 million.

Meanwhile, there is ~$700 billion backed by the US government CMBS and $3 trillion of commercial mortgages on US bank balance sheets.

Who owns these bonds - your pension and 401k

Republicans thought getting rid of pensions and substituting the with the freedom of 401k’s was a good idea under Reagan.

Reagan has been dead for 20 years and out of office since 1989. Why haven't all the democratic presidents after him fix it?

(it above refers to a previous poster who said: Republicans thought getting rid of pensions and substituting them with the freedom of 401k’s was a good idea under Reagan.)

According to a Yale law professor ERISA, passed in 1974, killed pensions. (Gerald Ford president)

https://crr.bc.edu/erisa-killed-defined-benefit-pension-plans-yale-law-school-expert-argues/

The 401k legislation was passed in 1978. (Jimmy Carter president)

[Anonymous]

EPA Awards $50 Million to Group that Says Palestine is a ‘Climate Justice Issue’

https://www.wsj.com/articles/inflation-reduction-act-climate-justice-alliance-taxpayer-dollars-epa-palestine-4c345171


More vote buying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is he draining the Strategic Petroleum Reserves?

To lower fuel prices to buy votes.

Why is he paying off student debt?

To buy votes.

SPR stocks have increased every week since June 30. 2023, fwiw.

No they haven't. AND more importantly, if a war kicks off somwhere, what is the military going to do without fuel? You gonna fly planes with solar panels?

The SPR was drained because of a "man caused" emergency in democrat parlance. It's not there so that you can use it to lower fuel prices when you've attacked oil production, trsnsportation and refining for three years and suddenly it's an election year and your numbers aren't looking good.

The SPR is there for an emergency. This isn't one.

Stop shooting the country in the foot because of your screwed up ideology. If people want alternative energy, they'll buy it at NATURAL prices, not you forcing them into a corner constantly to FORCE people to do what you want them to do.

Like refusing women access to contraception? Or forcing a woman to give birth?

He attacked and drove up the price of gas to force people to buy electric vehicles.

No one is forcing you to give birth. Stop lying. There are more abortions today than before Roe was stricken down.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JUST IN: For the 1st time since the 2008 Financial Crisis a top-rated commercial mortgage-backed bond has experienced a loss.

Investors of the AAA-rated portion of a $308 million Commercial Mortgage-Backed Security (CMBS) on the 1740 Broadway building in midtown Manhattan got hit with a $40 million loss, or 26%.

The other 5 groups of lower-rated portions of the CMBS were completely wiped out and lost $150.5 million.

Meanwhile, there is ~$700 billion backed by the US government CMBS and $3 trillion of commercial mortgages on US bank balance sheets.

Who owns these bonds - your pension and 401k

Republicans thought getting rid of pensions and substituting the with the freedom of 401k’s was a good idea under Reagan.

Reagan has been dead for 20 years and out of office since 1989. Why haven't all the democratic presidents after him fix it?

(it above refers to a previous poster who said: Republicans thought getting rid of pensions and substituting them with the freedom of 401k’s was a good idea under Reagan.)

According to a Yale law professor ERISA, passed in 1974, killed pensions. (Gerald Ford president)

https://crr.bc.edu/erisa-killed-defined-benefit-pension-plans-yale-law-school-expert-argues/

The 401k legislation was passed in 1978. (Jimmy Carter president)

Do your research thoroughly.
It was Ted Benna who “discovered” how the 401k provision could make highly paid employees richer in 1980. Reagan expanded its use and killed regular pension plans through a series of tax reforms.

“In the early 1980s, however, the Reagan administration changed the legal interpretation of the provision and allowed for it to be more widely adopted. Originally, the 401(k) was intended to be a supplement to Social Security and defined benefit pensions; a way for workers to save a little extra toward their retirement. Companies, however, began to offer defined contribution 401(k) plans instead of defined benefit pension plans.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JUST IN: For the 1st time since the 2008 Financial Crisis a top-rated commercial mortgage-backed bond has experienced a loss.

Investors of the AAA-rated portion of a $308 million Commercial Mortgage-Backed Security (CMBS) on the 1740 Broadway building in midtown Manhattan got hit with a $40 million loss, or 26%.

The other 5 groups of lower-rated portions of the CMBS were completely wiped out and lost $150.5 million.

Meanwhile, there is ~$700 billion backed by the US government CMBS and $3 trillion of commercial mortgages on US bank balance sheets.

Who owns these bonds - your pension and 401k

Republicans thought getting rid of pensions and substituting the with the freedom of 401k’s was a good idea under Reagan.

Reagan has been dead for 20 years and out of office since 1989. Why haven't all the democratic presidents after him fix it?

Let the Republican Party fix something if you think it’s a problem. All the GOP ever does is give tax breaks and run up the deficit.

Was it the GOP pushing the IRS to keep track of transactions over $600?

Only the rich do transactions over that amount, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:JUST IN: For the 1st time since the 2008 Financial Crisis a top-rated commercial mortgage-backed bond has experienced a loss.

Investors of the AAA-rated portion of a $308 million Commercial Mortgage-Backed Security (CMBS) on the 1740 Broadway building in midtown Manhattan got hit with a $40 million loss, or 26%.

The other 5 groups of lower-rated portions of the CMBS were completely wiped out and lost $150.5 million.

Meanwhile, there is ~$700 billion backed by the US government CMBS and $3 trillion of commercial mortgages on US bank balance sheets.

Who owns these bonds - your pension and 401k

Republicans thought getting rid of pensions and substituting the with the freedom of 401k’s was a good idea under Reagan.

Reagan has been dead for 20 years and out of office since 1989. Why haven't all the democratic presidents after him fix it?

Let the Republican Party fix something if you think it’s a problem. All the GOP ever does is give tax breaks and run up the deficit.

Was it the GOP pushing the IRS to keep track of transactions over $600?

Only the rich do transactions over that amount, right?

It was $600 in transactions per year, not transactions over $600,

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is he draining the Strategic Petroleum Reserves?

To lower fuel prices to buy votes.

Why is he paying off student debt?

To buy votes.

SPR stocks have increased every week since June 30. 2023, fwiw.

No they haven't. AND more importantly, if a war kicks off somwhere, what is the military going to do without fuel? You gonna fly planes with solar panels?

The SPR was drained because of a "man caused" emergency in democrat parlance. It's not there so that you can use it to lower fuel prices when you've attacked oil production, trsnsportation and refining for three years and suddenly it's an election year and your numbers aren't looking good.

The SPR is there for an emergency. This isn't one.

Stop shooting the country in the foot because of your screwed up ideology. If people want alternative energy, they'll buy it at NATURAL prices, not you forcing them into a corner constantly to FORCE people to do what you want them to do.

The SPR ! You are still fighting an issues that was important 20 years ago.

Biden already solved this. We are energy independent thanks to record oil output. The only strategy it serves is to make people feel good about gas prices. The days of potential shortages, its purpose was to ensure we have supply during shortages, are over. We are now a net exporter!