Biden’s economy

[Anonymous]

Anonymous wrote:Bidenomics is forcing people to turn to food banks:
https://www.news4jax.com/news/local/2022/05/07/soaring-prices-force-families-to-turn-to-food-banks-as-inflation-also-hurting-food-pantries/?outputType=amp

Problem is because if supply issues and inflation they don’t have food either…what a mess.

Oh yes food banks, I’ve never heard of those before. Unprecedented.

[Anonymous]

Why is Biden holding a special conference tomorrow to specifically address inflation? Something seems up. If inflation numbers are bad tomorrow, S is going to hit the fan, because everyone expects they're going down.

[Anonymous]

Anonymous wrote:Why is Biden holding a special conference tomorrow to specifically address inflation? Something seems up. If inflation numbers are bad tomorrow, S is going to hit the fan, because everyone expects they're going down.

Where are expectations inflation will go down on the May 11 announcement? I think the rate of increase in inflation is expected to ease, but would still result in an increase in inflation.that

[Anonymous]

https://finance.yahoo.com/news/crypto-bitcoin-ethereum-nearing-crash-155713185.html

https://www.coindesk.com/markets/2022/05/09/market-wrap-cryptos-stocks-tumble-amid-extreme-bearish-sentiment/?outputType=amp

https://apnews.com/article/us-inflation-rate-historic-high-4ba3435cc3730198e299690a9d968038


Highest rate in 41 years!

Meanwhile the housing market is in a verge of a crash.

People this time around are asking themselves….am I better off than I was two or three years ago? For most Americans it’s a huge no. The economy started taking a nosedive late last year so the disinformation of “Putins Price Hike” isn’t being bought by most Americans - only the sycophantic media and DC liberals.

Under Trump:
Peace
Middle East treaties we never thought would happen
Low inflation
Booming economy
Low fuel prices
No new wars
Lowest black unemployment in history
Energy exporter

Under Biden
War in Ukraine
Disaster in Afghanistan
Iran hits US embassy with rockets
Out of control fuel prices
Highest inflation in 40 years
Tumbling stock market
Supply chain shortages
Formula shortages
Shipping costs doubled
Disaster in the southern border
Another COVID outbreak


This is the worst administration in modern history - worse than Carter who at least was a decent man and coherent.

We need to invoke the 25th amendment immediately and take our chances with Harris…we can’t really do any worse

[Anonymous]

I am better off every day Trump is not in office.

If you think he has the mental bandwidth to handle this time in history, you are a loon.

And you hate America.

[Anonymous]

Anonymous wrote:I am better off every day Trump is not in office.

If you think he has the mental bandwidth to handle this time in history, you are a loon.

And you hate America.

You are not a very deep thinker. The country is financially collapsing and crime is sky high. This ‘time in history’ was created by this administration. Deliberately, I might add. Why would these people want a weak America? Think about that for a bit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am better off every day Trump is not in office.

If you think he has the mental bandwidth to handle this time in history, you are a loon.

And you hate America.

You are not a very deep thinker. The country is financially collapsing and crime is sky high. This ‘time in history’ was created by this administration. Deliberately, I might add. Why would these people want a weak America? Think about that for a bit.

The country is not "financially collasing."

Inflation is high worldwide.

Meanwhile, we all have jobs, our houses are worth a lot of money, the deficit has been slashed, and corporations are making record profits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am better off every day Trump is not in office.

If you think he has the mental bandwidth to handle this time in history, you are a loon.

And you hate America.

You are not a very deep thinker. The country is financially collapsing and crime is sky high. This ‘time in history’ was created by this administration. Deliberately, I might add. Why would these people want a weak America? Think about that for a bit.

The country is not "financially collasing."

Inflation is high worldwide.

Meanwhile, we all have jobs, our houses are worth a lot of money, the deficit has been slashed, and corporations are making record profits.

You are fine, others are not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am better off every day Trump is not in office.

If you think he has the mental bandwidth to handle this time in history, you are a loon.

And you hate America.

You are not a very deep thinker. The country is financially collapsing and crime is sky high. This ‘time in history’ was created by this administration. Deliberately, I might add. Why would these people want a weak America? Think about that for a bit.

The country is not "financially collasing."

Inflation is high worldwide.

Meanwhile, we all have jobs, our houses are worth a lot of money, the deficit has been slashed, and corporations are making record profits.

You are fine, others are not.

Wow. So profound.

These words describe literally every single administration, ever.

[Anonymous]

Anonymous wrote:Why is Biden holding a special conference tomorrow to specifically address inflation? Something seems up. If inflation numbers are bad tomorrow, S is going to hit the fan, because everyone expects they're going down.

DP. Isn't PPI a leading indicator to CPI though? Off the top of my head, I don't think that has eased yet.

[Anonymous]

I will now only vote blue because of this crazy Alito ruling on Roe v Wade.

My ability to fully enjoy and regulate my life is worth a million times more than this temporary inflation.

[Anonymous]

Anonymous wrote:I will now only vote blue because of this crazy Alito ruling on Roe v Wade.

My ability to fully enjoy and regulate my life is worth a million times more than this temporary inflation.

This a bunch of moms from my kids school who typically vote for public and due to small business and taxes are up in arms over this ruling. They're coming out and saying they will support Democratic candidates who will protect their rights and the rights of their daughters. I guess you don't want to to make the mommy crowd mad. Way to go! Republicans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I will now only vote blue because of this crazy Alito ruling on Roe v Wade.

My ability to fully enjoy and regulate my life is worth a million times more than this temporary inflation.

This a bunch of moms from my kids school who typically vote for public and due to small business and taxes are up in arms over this ruling. They're coming out and saying they will support Democratic candidates who will protect their rights and the rights of their daughters. I guess you don't want to to make the mommy crowd mad. Way to go! Republicans.

The majority of women who are wealthy can afford to indulge this. Most can’t and won’t. Economy will win out

[Anonymous]

The only reason Biden gave the speech today is because CPI for April will be released tomorrow and it won't be pretty. Meanwhile the housing bubble is popping as we speak

https://fortune.com/2022/05/09/housing-bubble-watch-housing-markets-are-beginning-to-look-like-they-did-in-2007/

[Anonymous]

Anonymous wrote:

Anonymous wrote:His speech today was horrible. Not only was it meandering and boring and full of lies, he continues to blame everything and everyone BUT his administration for inflation.

Let's review:

There is no inflation. (a year ago)
Oh, there is inflation, but it is transitory. (11 months ago)
It is due to Covid.
Supply chains are to blame.
It is because of Big Oil.
It is the fault of big business and corporations.
It is Putin's price hike.
It was totally unpredictable.
It is the ultra-MAGA Republicans' fault.

Am I missing any?

And, he also said this:

And he was right about all of it except for that it was unpredictable (this was inevitable post-lockdowns) and that it's the MAGAs fault (it was inevitable - but if they're going to blame hom then he can blame them. Both are lies.). It's also not really the fault of big business, although a small minority of them are taking advantage.

Bull.
Much of this inflation is due to the increased costs in transporting goods. His war on oil and gas has played a major role in rising gas prices. Diesel is the highest it has ever been.
His American Recovery Act was another contributor to this inflation. All but one Democrat voted for it. No Republicans voted for it.