Biden’s economy

[Anonymous]

One reason all the surface level thinkers don’t understand why the economy is rightly perceived as bad as very high inflation has been replace by medium inflation and high borrowing costs. If you are rich and buy everything with cash, that doesn’t matter to you. But if you are middle class or lower you need to access credit for most significant purchases. And borrowing costs have skyrocketed. Home improvements, home purchases, car purchases, appliances, etc. all through the roof still.

[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.

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!

Thanks to record oil production AND renewable energy investments.

The US is a net energy exporter BECAUSE of democratic policies which include nuclear, renewables (wind, sun, water, geothermal) and, yes, fossil fuels.

[Anonymous]

[Anonymous]

Anonymous wrote:One reason all the surface level thinkers don’t understand why the economy is rightly perceived as bad as very high inflation has been replace by medium inflation and high borrowing costs. If you are rich and buy everything with cash, that doesn’t matter to you. But if you are middle class or lower you need to access credit for most significant purchases. And borrowing costs have skyrocketed. Home improvements, home purchases, car purchases, appliances, etc. all through the roof still.

+1

[Anonymous]

Anonymous wrote:

Except they have revised to CPI calculations like 10 zillion times since Carter.

What happened to the M2 money supply calculation? Oh, they stopped calculating it a dozen years ago.

How was the "misery index" calculated under Carter? How about today?

How has the "basket of goods" the BEA and BLS uses to calculate inflation changed since Carter?

Did they even have Core inflation and Headline inflation calculations in the 1980s?

How was the Hedonic Index factored into the inflation numbers of the 1980s and today?

What were we coming off of in the early 80's? The Arab Oil embargo. And today?

Whoever posted this, do you have any idea what you're talking about?

[Anonymous]

So are you saying that George Conway, a traditional conservative, doesn't know what he is talking about?

[Anonymous]

Anonymous wrote:So are you saying that George Conway, a traditional conservative, doesn't know what he is talking about?

Yes! As is Paul Krugman and any others that subscribe to that nonsense.

Start thinking for yourself.

[Anonymous]

Anonymous wrote:So are you saying that George Conway, a traditional conservative, doesn't know what he is talking about?

Just a little correction here. George Conway was a Republican. He was never a traditional conservative.

[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.

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!

Then let’s truly take it to Russia and Iran and fully enforce sanctions. It’s immoral to pour weapons into Ukraine and let Russians sell and collect on the sale of oil just to spend more on the war. Since it won’t be a big deal, Biden should tighten things up and make things truly difficult for our enemies.

[Anonymous]

If you haven't realized: there are no more effective sanctions. They have devalued the dollar to the point where it has no leverage in sanctions.

Plus, every time you turn around, Biden is okaying more money for Iran. As they say, "The jig is up"!

[Anonymous]

Anonymous wrote:If you haven't realized: there are no more effective sanctions. They have devalued the dollar to the point where it has no leverage in sanctions.

Plus, every time you turn around, Biden is okaying more money for Iran. As they say, "The jig is up"!

Sanctions haven't devalued the dollar because we never traded with most of the countries that we sanctions. Sanctions are a joke because goods are fungible and most of the world ignores us

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you haven't realized: there are no more effective sanctions. They have devalued the dollar to the point where it has no leverage in sanctions.

Plus, every time you turn around, Biden is okaying more money for Iran. As they say, "The jig is up"!

Sanctions haven't devalued the dollar because we never traded with most of the countries that we sanctions. Sanctions are a joke because goods are fungible and most of the world ignores us

I did not say sanctions devalued the dollar.

There has been a systematic devaluation of the dollar by endless money creation, and now less and less countries respond to sanctions because the leverage of the dollar as the reserve currency of the world has diminished.

Hence the BRICS working overtime to undermine it even more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you haven't realized: there are no more effective sanctions. They have devalued the dollar to the point where it has no leverage in sanctions.

Plus, every time you turn around, Biden is okaying more money for Iran. As they say, "The jig is up"!

Sanctions haven't devalued the dollar because we never traded with most of the countries that we sanctions. Sanctions are a joke because goods are fungible and most of the world ignores us

I did not say sanctions devalued the dollar.

There has been a systematic devaluation of the dollar by endless money creation, and now less and less countries respond to sanctions because the leverage of the dollar as the reserve currency of the world has diminished.

Hence the BRICS working overtime to undermine it even more.

BRICS is all about Russia and promoting Crypto, which is a money-laundering agent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So are you saying that George Conway, a traditional conservative, doesn't know what he is talking about?

Just a little correction here. George Conway was a Republican. He was never a traditional conservative.

Yes, he was and is most certainly a traditional conservative.

You are showing just how far to the right and crazy the modern GOP version of "conservatism" actually is.

[Anonymous]