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Biden Confronts The Economic Crisis


Tiberius

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In a written statement, the director of the National Economic Council, Brian Deese, warned that the 900,000 new unemployment claims provided “another stark reminder that we must act now on the President’s American Rescue Plan to get immediate relief to families and spur our economy.” He warned that the new job claims were evidence that the economy is “moving in the wrong direction.” He urged Congress to move quickly on President Biden’s plan to “extend unemployment insurance, finish the job in providing $2,000 in direct relief to Americans, and ensure that millions of our families who are struggling to make ends meet, put food on the table, and keep a roof over their head in the midst of this crisis are able to get to the other side with dignity.”

The White House is planning to send Deese to talk with a bipartisan group of 16 senators about moving forward on the bill. At Thursday’s White House briefing, press secretary Jen Psaki told reporters: “We are going to be increasing our engagements; it’s already been ongoing, even before the president was inaugurated yesterday. . . . As I conveyed to all of you yesterday, [Biden’s] preference and priority is a bipartisan package and working with members of both parties to come to agreement on that, because he believes that the crises facing the American people.” However, she said, “We’re also not going to take options off the table. So, we’ll proceed with those discussions over the next couple of days.” Deese is going to need to make the case that a delay in passing an immediate rescue plan will send the economy into an even deeper or more prolonged recession, costing even more in the long term.

 

https://www.washingtonpost.com/opinions/2021/01/22/republicans-recalcitrance-economy-is-risky/

 

Go big or go home! 

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Why not $5,000 per adult?  

 

This is what the Democrats think of me?  

 

I'm only worth one $2000 payment every 5 months?

 

 

If they don't start fighting for me and get this number to around $5000 to $10000 I think the Party needs to fold.  

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1 hour ago, Big Blitz said:

Why not $5,000 per adult?  

 

This is what the Democrats think of me?  

 

I'm only worth one $2000 payment every 5 months?

 

 

If they don't start fighting for me and get this number to around $5000 to $10000 I think the Party needs to fold.  

You must really hate the republicans than.

Trump went golfing while your loved ones died and laughed at you while you supported him for doing it.

 

 

Edited by TBBills
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Getting as many people vaccinated ASAP will be a huge step towards economic recovery. 

 

Be interesting to see see if they pass any sort of infrastructure bill. The Green aspects of a bill like that will be fought tooth and nail by the old fossil fuel barons. 

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11 minutes ago, Tiberius said:

Getting as many people vaccinated ASAP will be a huge step towards economic recovery. 

 

Be interesting to see see if they pass any sort of infrastructure bill. The Green aspects of a bill like that will be fought tooth and nail by the old fossil fuel barons. 

https://www.commondreams.org/news/2020/10/16/these-two-things-are-related-big-oil-ups-donations-dems-biden-says-banning-fossil
 

 

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2 hours ago, I am the egg man said:

Rising oil prices will get economies going, just not in the U.S.

 

The Middle East says “Thank God” for Joe.

Cutting the dependence is one of the goals. Oil should be saved for military use and the rest of America should be trying to get to that point.

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8 hours ago, I am the egg man said:

U.S. going to get crushed with Biden and Harass at the helm.

 

Was a good worldwide run for U.S. for a century.

 

Hopefully, the Bills future is brighter.


Really? History tells us something completely different  as GDP growth is always better under Democrat Presidents:

 

53d66c84ecad040e4293ea67?width=600&forma

 

Notice how the blue bars are higher than the red ones!

 

plus they’re not going to suck up to dictators like the twice impeached previous admin.

Edited by Backintheday544
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15 hours ago, TBBills said:

Cutting the dependence is one of the goals. Oil should be saved for military use and the rest of America should be trying to get to that point.

Yes, and we'll get into more wars real soon under sleepy Joe the Warmonger.

 

Edited by Wacka
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On 1/23/2021 at 12:18 PM, TBBills said:

You must really hate the republicans than.

Trump went golfing while your loved ones died and laughed at you while you supported him for doing it.

 

 

 

Not nearly as much as you do that's for sure ! 

 

I'm amazed at how much hate and negativity 1 person can have for another person or persons ! 

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6 hours ago, Wacka said:

Yes, and we'll get into more wars real soon under sleepy Joe the Warmonger.

 

Better than the civil war Trump tried to start.

 

I love how republicans want war and death.

6 hours ago, I am the egg man said:

The Left predicted Trump would have the U.S. in wars and launching nukes within a month of his 2016 inauguration

 

They won't even wake Biden up if the same occurs.

Instead he tried to start a civil war.

5 hours ago, T master said:

 

Not nearly as much as you do that's for sure ! 

 

I'm amazed at how much hate and negativity 1 person can have for another person or persons ! 

Yea Trump hate for the American people is amazing.

 

 

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17 minutes ago, TBBills said:

Sucks when Americans attack the Capitol over lies told to them by a man they thought they could trust.

The ever vigilant Left will safeguard all the Capitols forever.

 

.....as long as their lemmings keep believing they're under attack.

17 minutes ago, TBBills said:

 

giphy.gif

Edited by I am the egg man
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Just now, I am the egg man said:

The ever vigilant Left will safeguard all the Capitols forever.

 

.....as long as their lemmings keep believing they're un

giphy.gif

The worse you all act on this site the better job the democrats are doing. Republicans only cry when things are actually going the opposite of what they hope. You hope for failure and the opposite is happening.

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Just now, TBBills said:

The worse you all act on this site the better job the democrats are doing. Republicans only cry when things are actually going the opposite of what they hope. You hope for failure and the opposite is happening.

You got it. Me and a couple pals sway the nation.

giphy.gif

 

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Senior U.S. lawmakers are stressing out about mounting government debt as they resist President Joe Biden’s $1.9 trillion plan to boost the economy through more direct checks to Americans and aid to states and cities.

But investors in the federal debt, a wide range of market-focused economists and officials in the Biden administration have a firm response: Don’t worry about it right now.

The debt poses no imminent danger to U.S. finances, they say, so the more pressing concern should be jump-starting the economy to avoid the type of sluggish recovery that persisted for years following the Great Recession.

“Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy later,” Treasury Secretary Janet Yellen told senators last week at her confirmation hearing.

The U.S. government spent its way to a record-busting $3.1 trillion budget deficit in fiscal 2020 — and that was before Congress passed another $900 billion coronavirus relief package in December. But interest rates have barely budged from their rock-bottom levels, signaling that investors — the people who actually finance the debt — aren’t the least bit concerned about all that government borrowing.

More than a decade of historically low rates, coupled with surging demand for safe investments like U.S. Treasury bonds, ensure that Biden can probably spend as much as he wants to revive the pandemic-battered economy and concentrate on the debt later, despite new alarms being raised by Republicans in particular.

Yellen, confirmed on Monday night as Treasury chief, and Federal Reserve Chair Jerome Powell have embraced the idea of using deficit spending to get the economy back on track — and potentially save money in the long run — as millions remain unemployed and small businesses have been forced to close. And it’s a strategy that has found plenty of support on Wall Street.

 

https://www.politico.com/news/2021/01/26/wall-street-national-debt-462453

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23 hours ago, TBBills said:

I love how republicans want war and death.

 

You do know that President Biden and Senator Clinton and many other democrats voted for a totally unnecessary war that resulted in the death of 1,000,000+ brown people?  Right?

 

War is something that  Republicans and Democrats can both agree on.

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28 minutes ago, reddogblitz said:

 

You do know that President Biden and Senator Clinton and many other democrats voted for a totally unnecessary war that resulted in the death of 1,000,000+ brown people?  Right?

 

War is something that  Republicans and Democrats can both agree on.

Wrong.

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6 minutes ago, Buffalo Timmy said:

Are you arguing Clinton and Biden did not vote for the war in Iraq or that a million Iraqis did not die from the war? 

The war where over 96% of republicans in the house voted for war where only 36% of democrats did?

 

Or where 99% of republicans votes yes in the senate.

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1 hour ago, reddogblitz said:

 

You do know that President Biden and Senator Clinton and many other democrats voted for a totally unnecessary war that resulted in the death of 1,000,000+ brown people?  Right?

 

War is something that  Republicans and Democrats can both agree on.

For the most part, yes.  If Gore was elected it's probable he would've also invaded Iraq.  Not taking out Sudaam in the first Gulf War still had him as Hitler 2.0 in American minds.  After 9/11, the pressure from the Republicans and the public (WE WANTED VENGEANCE) pry would've pushed him to invade Iraq even if there was some opposition within his own party.  

Edited by Doc Brown
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29 minutes ago, Doc Brown said:

For the most part, yes.  If Gore was elected it's probable he would've also invaded Iraq.  Not taking out Sudaam in the first Gulf War still had him as Hitler 2.0 in American minds.  After 9/11, the pressure from the Republicans and the public (WE WANTED VENGEANCE) pry would've pushed him to invade Iraq even if there was some opposition within his own party.  

 

Thanks for your as usual well thought out post.

 

As to the bolded, I didn't.

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1 hour ago, reddogblitz said:

 

You do know that President Biden and Senator Clinton and many other democrats voted for a totally unnecessary war that resulted in the death of 1,000,000+ brown people?  Right?

 

War is something that  Republicans and Democrats can both agree on.

 

I love Monday Morning Quarterbacks

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1 hour ago, TBBills said:

The war where over 96% of republicans in the house voted for war where only 36% of democrats did?

 

Or where 99% of republicans votes yes in the senate.

 

Good point.  

 

The bottom line remains that a lot of D's voted for it too.  Less than Rs did, but that doesn't let them off the hook.

 

The D's have run 3 people that voted for it for President ( Kerry, Clinton, and Biden ).  If they didn't also like war they never would have nominated those 3.  My own personal opinion is that anyone that voted for or promoted this fiasco should move to the Arizona dessert, wear sack cloth and ashes, do penance, and never be heard from again. But that's just me.

19 minutes ago, BillStime said:

 

I love Monday Morning Quarterbacks

 

No Monday morning QBing for me.  I was against it from the start.  I still have my Stop World War W button.  I protested. I went to a prayer vigil the night before it started hoping against hope cooler heads would prevail.

 

Just cuz you and Uncle Joe got snookered by W and Uncle Dick doesn't mean we all did.

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