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Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


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Just remember, as bad as things are right now, our idiot Democrat leaders actually wanted to print and spend $6.5 TRILLION MORE dollars on their pet projects to buy votes...and when that didn't work they wanted $3.2 TRILLION...and when that didn't work they wanted $2.0 TRILLION...all on top of the unnecessary $1.9 TRILLION they printed when they came into office dubbed their "historic AMERICAN RESCUE PLAN".

 

These people are so effing stupid they should be forced out of government NOW.

 

The reality is they don't want you, the individual, to succeed...that does NOTHING for them.  They want you to fail, so you NEED them, and they can come and rescue you with some tritely-named "rescue plan".

 

Eff these people, they need to go.  

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16 hours ago, SoCal Deek said:

What ever happened to that magical release of oil from the petroleum reserve? Are we done with that? Did it work? 😂

Oh its happening.  The idea is to release 1M bbl/day into the market for a period of 60 days.  For the purpose of adding supply and bringing down prices.  So far, so good.  But the problem is 1M isn't all that much on the world market.  And it doesn't seem to have had much impact as we move into peak demand season for gasoline.  But here's the fun part.  The US DOE has put out RFP's for the purchase of 60M bbls at some point in the Fall.  Or most likely after the mid-terms.  At which time prices may be lower.  Or they may be higher.  My guess is higher. 

 

But there's more.  Here's another brilliant idea. 

 

https://oilprice.com/Energy/Energy-General/The-NOPEC-Bill-Could-Send-Oil-Prices-To-300.html

 

From the very same political class that has no problem with the Treasury department intervening and managing prices in all kinds of markets via the Exchange Rate Stabilization Fund or the President's Working Group on Markets.  Or what people in the markets call the Plunge Protection Team.  Which authorizes the Secretary of the Treasury to intervene in any market at any time without notice or disclosure.  

This isn't a Biden creation but rather something that's been official but unspoken US government policy for a few decades.  It just points out the duplicity.  We can manipulate prices and markets but you can't.  

 

 

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There is no question that the cadre of Leftists sitting in some room in the White House directing US policy and writing pithy teleprompter speeches for the President to read really don't care at all about this country or its citizens.

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1 hour ago, OrangeBills said:

There is no question that the cadre of Leftists sitting in some room in the White House directing US policy and writing pithy teleprompter speeches for the President to read really don't care at all about this country or its citizens.

 

Like I said, no one whoever loved someone/thing ever said they wanted to "fundamentally transform" it.

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‘Anybody that’s middle class and below, we’re screwed’: Housing costs rise at the fastest pace in decades — but some Americans are already feeling the brunt

 

https://www.marketwatch.com/story/anybody-thats-middle-class-and-below-were-screwed-housing-costs-rise-at-the-fastest-pace-in-decades-but-some-americans-are-already-feeling-the-brunt-11652327702

 

 

"No.  Try again.   Lies."

 

---Bill Stime 

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1 hour ago, OrangeBills said:

There is no question that the cadre of Leftists sitting in some room in the White House directing US policy and writing pithy teleprompter speeches for the President to read really don't care at all about this country or its citizens.


They care. Of course they do. To think they don’t is extremely cynical. And this is coming from one of the board’s biggest cynics.  What’s actually likely going on is they have not one ***** clue about what they are doing and what true leadership is. 

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1 hour ago, Chef Jim said:


They care. Of course they do. To think they don’t is extremely cynical. And this is coming from one of the board’s biggest cynics.  What’s actually likely going on is they have not one ***** clue about what they are doing and what true leadership is. 

As mainly political operatives and social activists with advanced degrees in all kinds of disciplines that are worthless outside of government and academia while also never working for a commercial enterprise in any management or ownership capacity they have no idea how the economy functions.  They view more government, more laws, and more regulations as the solution to all problems.   

       

Edited by All_Pro_Bills
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