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

[Tenhigh]

1 hour ago, Governor said:

The consumer has choices.

Choice really has nothing to do with it here, unless you are talking about choosing not to spend.  An pay increase for our lowest paid workers will generally spell a cost increase to our lowest income segments.  It's essentially robbing Peter to pay Peter. Nice political theater, but in reality it's probably not going to help. 

[Over 29 years of fanhood]

2 hours ago, Doc said:

HTF is the CDC allowed to do this?

this pandemic is the greatest gift to the Authoritarians they ever could have asked for.
 

If you’re not already wealthy elite, too bad, all the class mobility ladders are getting cut one by one before our eyes..  the elite will steal every last penny from all the rest of us along the way. 
 

If you have any wealth whatsoever you want to get it offshore. 

Edited August 26, 2021 by Over 29 years of fanhood

[Chef Jim]

3 hours ago, ALF said:

 

The White House previously had said it couldn’t extend the eviction ban again after the Supreme Court ruled in June that the policy could only be renewed through legislation.

 

It’s unclear how the court will respond to this new moratorium, but it could at least buy states and cities more time to distribute the $45 billion in rental assistance allocated by Congress. Just around $3 billion of that money had reached households by the end of June.

 

Ahhhh bureaucratic "red tape".  I guess it takes time to make sure the money goes to the "right" people. Yeah I'm just a bit cynical as to where our money is going.  

[SoCal Deek]

5 hours ago, Governor said:

The consumer has choices.

Correct. They can purchase more goods and services from China. Is that the choice you’re talking about? Is that the one you prefer? 

[ALF]

Supreme Court throws out Biden administration eviction moratorium   Updated 9:46 PM ET, Thu August 26, 2021

 

The Supreme Court on Thursday blocked the Biden administration's Covid-related eviction moratorium.

 

"If a federally imposed eviction moratorium is to continue, Congress must specifically authorize it," the court wrote in an unsigned, eight-page opinion.

 

https://www.cnn.com/2021/08/26/politics/supreme-court-eviction-moratorium/index.html

[Chef Jim]

46 minutes ago, ALF said:

Supreme Court throws out Biden administration eviction moratorium   Updated 9:46 PM ET, Thu August 26, 2021

 

The Supreme Court on Thursday blocked the Biden administration's Covid-related eviction moratorium.

 

"If a federally imposed eviction moratorium is to continue, Congress must specifically authorize it," the court wrote in an unsigned, eight-page opinion.

 

https://www.cnn.com/2021/08/26/politics/supreme-court-eviction-moratorium/index.html

A moratorium on evictions is a real bad idea.  I’ve heard some horror stories. 

[ALF]

Why is there a chip shortage?

 

Bosses at the tech giants appear sharply aware of this. The chief executives of Intel and IBM have both said recently that the chip shortage could last two years.

 

https://www.bbc.com/news/business-58230388

 

Long article, it's more then covid. Mr Köse says, however, that the pandemic was not the sole cause of the chip shortage: "That was probably just the last drop in the bucket."

Edited August 27, 2021 by ALF

[Doc]

I just bought a new computer and got a great deal on it.  And just upgraded my iPhone for a couple hundred bucks.  I'm good for at least 2 years.

Edited August 27, 2021 by Doc

[B-Man]

 

 

[B-Man]

 

 

 

BIDEN RETURNS US TO THE 70's !!!

 

 

😂

[Big Blitz]

The American economy slowed abruptly last month, adding 235,000 jobs, a sharp drop from the huge gains recorded earlier in the summer and an indication that the Delta variant of the coronavirus is putting a damper on hiring.

 

https://www.nytimes.com/2021/09/03/business/economy/august-2021-jobs-report.html

 

 

 

No.  The Delta variant (lolol they really do only call it Delta when they need to justify this nonsense because a new "mutation" scares low infos into thinking this is all justifiable) isn't doing that.

 

The government is.  

[B-Man]

 

 

BREAKING NEWS:

'The Biden plan is working': Joe insists the economy is 'durable and strong' after US added 500,000 fewer jobs than predicted in August

 

https://www.dailymail.co.uk/news/article-9955049/US-added-just-235-000-jobs-August-compared-700-000-predicted.html

 

 

[Westside]

2 minutes ago, B-Man said:

 

 

BREAKING NEWS:

'The Biden plan is working': Joe insists the economy is 'durable and strong' after US added 500,000 fewer jobs than predicted in August

 

https://www.dailymail.co.uk/news/article-9955049/US-added-just-235-000-jobs-August-compared-700-000-predicted.html

 

 

Worst

President

Ever

[Big Blitz]

54 minutes ago, Bidens_basement said:

Worst

President

Ever

 

 

Gave Obama a run for his money in only 8 months.  Incredible accomplishment 

[Irv]

Demented Biden misses jobs forecast this month.  Nice work Dopey.  Maybe if you didn't pay people not to work and stopped excusing them from paying rent.  Single-handidly destroying the economy and country.  Check your watch again, stupid.  Dopey Joe Biden's "America Last" policy. 

 

What

A

Mess

 

 

 

 

Edited September 3, 2021 by Irv

[B-Man]

 

 

 

EVERYTHING IS GOING SWIMMINGLY: 

 

Half A Million Fewer Jobs Than Expected.

 

The economy added just 235,000 jobs in August, “a big miss,” “a disappointment,” and “terrible news” for the country.

This was nearly half a million jobs below economists’ expectations, meaning the economy added 70 percent fewer jobs than expected.

3,000 construction jobs and 28,500 retail jobs were lost in August.

No leisure and hospitality jobs were added last month, even though this is a time when the industry should be surging back.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[B-Man]

 

 

 

 

 

"Well Bob, if you take away all the food people eat you'll notice there's not much change from historical norms"

 

 

 

 

Edited September 8, 2021 by B-Man

[OrangeBills]

These are literally the dumbest people in the world, these American Leftists (from a Bloomberg article today):

 

Progressive Democrats are urging the Biden administration to shape Fed leadership so that the central bank uses its tools to better promote job gains across racial groups, keep Wall Street banks in check and combat climate change. 

 

Exactly what tools do these idiots think the Fed has to accomplish these things?  Honestly, this is the closest part of the "Collapse of Roman Civilization" that we've seen from these clowns.  This country is in deep trouble.  Dumb, dumb people are in charge.  Scary

[Doc]

46 minutes ago, OrangeBills said:

These are literally the dumbest people in the world, these American Leftists (from a Bloomberg article today):

 

Progressive Democrats are urging the Biden administration to shape Fed leadership so that the central bank uses its tools to better promote job gains across racial groups, keep Wall Street banks in check and combat climate change. 

 

Exactly what tools do these idiots think the Fed has to accomplish these things?  Honestly, this is the closest part of the "Collapse of Roman Civilization" that we've seen from these clowns.  This country is in deep trouble.  Dumb, dumb people are in charge.  Scary

 

Well, if the CDC can dictate rental policy...

[SoCal Deek]

6 hours ago, OrangeBills said:

These are literally the dumbest people in the world, these American Leftists (from a Bloomberg article today):

 

Progressive Democrats are urging the Biden administration to shape Fed leadership so that the central bank uses its tools to better promote job gains across racial groups, keep Wall Street banks in check and combat climate change. 

 

Exactly what tools do these idiots think the Fed has to accomplish these things?  Honestly, this is the closest part of the "Collapse of Roman Civilization" that we've seen from these clowns.  This country is in deep trouble.  Dumb, dumb people are in charge.  Scary

Is it any dumber than demanding the Taliban be more inclusive?  MLK Jr has got to be rolling over in his grave! 

Edited September 9, 2021 by SoCal Deek

[Orlando Tim]

I just want an explanation of how Trump, who I have been assured is a racist, allowed blacks to be so much more successful than Obama or Biden. Dems create programs to "help" the blacks but somehow they always fail.

[Over 29 years of fanhood]

Add to that Americans are feeling less personal freedom than under the prior ‘fascist’ administration.  Liberals used to stand for personal freedom a lot of righteous ones imo… now it seems they are mostly sheep getting bamboozled by this aristocracy who can’t see they are corrupt authoritarians without any principles just trying to find they message that carved out the right votes.   

 

Americans less positive about civil liberties: AP-NORC poll (from @AP) https://apnews.com/article/b23dfaf1b2d199c4be9ceb6060e0bb23

 

[Irv]

Has Demented Biden done anything right?  Anything?  This loser has to be in the running for worst president in US history. The dude is the Sad Sack of all presidents.  Wait. He's likely one of the worst leaders in world history.  The expedience at which he's destroyed a once great country is mind boggling.  Absolutely astonishing. 

 

What

A

Mess    

 

 

Edited September 11, 2021 by Irv

[Big Blitz]

More on this tomorrow.  Report is it's going to be horrendous 

 

 

 

 

Nice job self inflicted economic crash of 2020 followed up by 8 trillion in spending while everyone stays home from work, service everywhere sucks, you're paying 25% more for everything, and you got a de facto 3% pay CUT due to it all.

 

Good work all around 99.9% survival rate but long covid and child sacrifice......

[OrangeBills]

2 minutes ago, Big Blitz said:

More on this tomorrow.  Report is it's going to be horrendous 

 

 

 

 

Nice job self inflicted economic crash of 2020 followed up by 8 trillion in spending while everyone stays home from work, service everywhere sucks, you're paying 25% more for everything, and you got a de facto 3% pay CUT due to it all.

 

Good work all around 99.9% survival rate but long covid and child sacrifice......

 

 

To be fair, the Leftists on here and elsewhere have no idea what you're talking about.  They think money is free.

 

[B-Man]

 

 

#Bidinflation

[B-Man]

 

 

 

 

 

           

                                            

 

 

 

 

[B-Man]

 

 

HONEYMOON IS OVER:

 

Biden Continues Sinking in Approval Polls.

 

https://legalinsurrection.com/2021/09/honeymoon-is-over-biden-continues-sinking-in-approval-polls/

 

 

 

The new Quinnipiac University poll found 42% of people approved of Biden.

 

https://www.newsweek.com/joe-biden-approval-rating-falls-most-dont-think-run-again-2024-trump-harris-1616507

 

 

 

Joe Biden's Approval Rating Continues to Sink, Shows No Signs of Improving

 

https://www.newsweek.com/joe-biden-quinnipiac-poll-popularity-declines-afghanistan-covid-1629239

[Doc]

It's amazing that 42% of the country is that dumb.  Or brainwashed.  And again, the MSM isn't attacking Joey at all, unlike what they did with Trump hundreds of times daily.

[Gene Frenkle]

You guys really think Biden caused this inflation in less that 9 months? Are you really that dumb or just confirming your biases? Genuine question.

[SCBills]

On 9/16/2021 at 7:36 PM, Doc said:

It's amazing that 42% of the country is that dumb.  Or brainwashed.  And again, the MSM isn't attacking Joey at all, unlike what they did with Trump hundreds of times daily.

Not only has Biden been a complete disaster, he’s also been everything people warned us about for 4 years of Trump.  
 

Imagine Trump had a day like today?..

 

-Military admits they killed 10 civilians in our failed pullout of Afghanistan

 

-An ally, in France, recalls their US ambassadors

 

-Thousands of Haitians showing up at the border, creating a humanitarian crisis.  FAA, at the order of Pete Buttigieg, downs the media drones from covering the situation under a no fly order until a judge overruled them.  
 

-FDA overrules Biden Admin who planned to rollout boosters for everyone, leading to 2 FDA officials resigning. 

[Big Blitz]

They truly know their voters are the dumbest people on earth and only getting dumber

 

 

 

 

 

Excuse me while I pay $50 to fill up my tank and $200 for groceries that will last 5 days.....

[Albwan]

On 9/14/2021 at 1:38 AM, Big Blitz said:

More on this tomorrow.  Report is it's going to be horrendous 

 

 

 

 

Nice job self inflicted economic crash of 2020 followed up by 8 trillion in spending while everyone stays home from work, service everywhere sucks, you're paying 25% more for everything, and you got a de facto 3% pay CUT due to it all.

 

Good work all around 99.9% survival rate but long covid and child sacrifice......

 

Upside though...no Trump tweets to butthurt soft, weak minded people? 

 

Edited September 19, 2021 by Albwan

[Buffarukus]

 

On 9/17/2021 at 8:20 PM, Gene Frenkle said:

You guys really think Biden caused this inflation in less that 9 months? Are you really that dumb or just confirming your biases? Genuine question.

 

what a loaded question. but at least it was genuine. 🙄 here is a few in return.

 

liberals cont advocated shut downs of the american economy and the printing of money to hand out to people that were not producing anything of value. since last year! so did they not realize that was going to have negative economic reprocussions?  that those reprocussions were going to be most destructive to the people they claim to care so much about. the working poor and middle class? 

 

so are they stupid or incompetent? which one? cause the basic laws of supply and demand state inflation would be the result.

 

now lets also force companies to fire people and strain the supply side further while telling them to turn customers away. sound policy

 

 

Edited September 19, 2021 by Buffarukus

[Gene Frenkle]

5 hours ago, Buffarukus said:

 

 

what a loaded question. but at least it was genuine. 🙄 here is a few in return.

 

liberals cont advocated shut downs of the american economy and the printing of money to hand out to people that were not producing anything of value. since last year! so did they not realize that was going to have negative economic reprocussions?  that those reprocussions were going to be most destructive to the people they claim to care so much about. the working poor and middle class? 

 

so are they stupid or incompetent? which one? cause the basic laws of supply and demand state inflation would be the result.

 

now lets also force companies to fire people and strain the supply side further while telling them to turn customers away. sound policy

 

 

The key there is continue. The politicians are all the same, rife with insider trading and breaks for campaign contributers. This has been going on since the 80s or 90s: market manipulation, shady practices and bailouts we pay for with our tax dollars when they get a little too greedy. No politician ever retires poor. Meanwhile, the Fed continues to print money to prop up a bull market in an exponentially larger bubble than we saw in 2008 so that all the insiders can continue to make money hand over fist. Guess who's gonna pay for it (again).

 

The suckers here are those of you who buy into the narative of Red vs Blue. You're a sucker, a lemming. They know if your focus is on the other side, it won't be on what Wall St is up to. The largest corporations with the most to gain literally own the media and you let them tell you what to think. It's a rigged game and you're the fish on the hook.

[Buffarukus]

6 hours ago, Gene Frenkle said:

The key there is continue. The politicians are all the same, rife with insider trading and breaks for campaign contributers. This has been going on since the 80s or 90s: market manipulation, shady practices and bailouts we pay for with our tax dollars when they get a little too greedy. No politician ever retires poor. Meanwhile, the Fed continues to print money to prop up a bull market in an exponentially larger bubble than we saw in 2008 so that all the insiders can continue to make money hand over fist. Guess who's gonna pay for it (again).

 

The suckers here are those of you who buy into the narative of Red vs Blue. You're a sucker, a lemming. They know if your focus is on the other side, it won't be on what Wall St is up to. The largest corporations with the most to gain literally own the media and you let them tell you what to think. It's a rigged game and you're the fish on the hook.

 

i don't think i ever suggested republicans aren't also responsible for alot of the issues we are facing as a country. you brought up biden and his short term as a timeframe in regards to the inflation crisis we are currently facing. i pointed to recent and current liberal policies that have and continue to exacerbate the issue. you know, the specific topic you mentioned. you want to lay out what republicans have done (recently) to cause this spike in consumer costs then that's a discussion to have.

 

instead you want to generalize this into  government corruption as a whole. yes the government is corrupt on both sides, not ground breaking stuff there. not sure what your original comment was for just to point out the obvious. and when liberal or conservative policies are the reason..its ok to point to the officials and specific policies that are causing them. piling them together with acbroad generalization then name calling sure seems like lemming behavior to me. ill keep pointing them directly out if that's ok with you. 🤷‍♂️

 

Edited September 20, 2021 by Buffarukus

[Gene Frenkle]

Do you guys see the bloodbath in the US markets today?

 

Evergrande and China will be blamed.

 

Greedy overleveraged banks, market makers and hedge funds are the ones who are really at fault, but your tax dollars will be used to bail out the ones who are too big to fail.

 

The Fed has been busy printing money to prop up this bull market for too long. That's where the inflation comes from. It's been going on since at least 2009.

[B-Man]

Awwwwww.

 

Democrats CANNOT use $3.5trillion spending bill to give millions of immigrants a pathway to citizenship, Senate's parliamentarian rules

Associated Press, by Melissa Koenig & Staff

 

Democrats cannot use their $3.5 trillion spending bill to give millions of immigrants a pathway to citizenship, the Senate´s parliamentarian ruled late Sunday in a crushing blow to the party's agenda.The decision by Elizabeth MacDonough, the Senate´s nonpartisan interpreter of its rules, is a potentially damaging setback for President Joe Biden, congressional Democrats and their allies in the pro-immigration and progressive communities. It badly damages Democrats´ hopes of unilaterally enacting - over Republican opposition - changes letting several categories of immigrants gain permanent residence and possibly citizenship

 

https://www.dailymail.co.uk/news/article-10007573/Senate-parliamentarian-sets-Dems-immigration-push.html

 

 

They will ignore................laws don't apply to the Liberal agenda.

 

 

 

[B-Man]

 

 

FTA:

 

Now, while I’d love to tell you that Manchin is truly looking to leave the table until next year, I think this is much more of a brush-back pitch than an actual commitment to stop reconciliation from happening in 2021. In other words, I think this is Manchin signaling to Nancy Pelosi, who is dead-set on an end of September reconciliation vote, that she needs to slow down, pass the infrastructure package first, and understand that the far-left will have to let go of some of their hopes and dreams. From there, perhaps there’s some compromise that gets the reconciliation package down below $2 trillion with Democrats still getting 60% of what they want?

 

Yet, I’m not so sure that happens because of how militant the liberal faction is. What does Ilhan Omar have to gain by voting on a watered-down reconciliation package? That doesn’t raise her profile any. We know Bernie Sanders is going to continue to loudly object as well. If nothing gets done, Alexandria Ocasio-Cortez gets to make the media rounds and claim Manchin kept her from saving the world, and we all know self-aggrandizement is a heady brew for far-left politicians.

 

In summary, whether we are talking House or Senate, you have two sides with no incentive to give in. Manchin no doubt wants to get something done, but he doesn’t want to commit career suicide in the process. I think that’s what this threat to leave the table until 2022 is all about. It’s a last-ditch effort to make Pelosi and Schumer understand that they are out of options here. They either side-line the radicals and play ball, or they get nothing.

 

https://redstate.com/bonchie/2021/09/20/joe-manchins-latest-move-on-reconciliation-will-have-liberals-seeing-red-n445493

 

 

 

 

[B-Man]

 

 

 

BYRON YORK: Democrats panic.

 

There is a method in Senate rules for getting around a filibuster and passing a bill with a simple majority, or even a tie, plus the vice president. It is called reconciliation. The problem for Democrats is that it can only be used a limited number of times, usually once a year, and it must only be done with a budget bill — the idea being that a minority should not be able to use the filibuster to keep Congress from passing a budget for the U.S. government. To be included in a reconciliation measure, a proposal must be “germane” to the budget. It can’t be just any policy whim. It must have a real budgetary effect.

 

But Democrats had an idea. We don’t have enough votes to break the filibuster or to pass big parts of our agenda, they reasoned, so let’s just throw everything into one gigantic budget reconciliation bill.

 

We can even throw immigration reform in there! Sure, that’s not what reconciliation is for. But let’s just do it. We can get around the filibuster and pass a New Deal-sized bill without even controlling a majority of seats in the Senate.

 

Put the idea in the category of too clever by half. Some Democratic centrists in both the House and Senate are uncomfortable with the $3.5 trillion figure, especially with inflation plaguing the U.S. economy. The Senate parliamentarian blocked the effort to put immigration reform in the reconciliation bill. Several Democratic senators have their doubts about getting rid of the filibuster. They don’t agree on climate measures. There is a fight coming over the debt ceiling. Amid all those Democratic disagreements, all of a sudden, the super-clever, let’s-put-it-all-in-one-big-bill-Republicans-can’t-stop plan looks very vulnerable.

 

Which is why we’re also seeing headlines such as this: Democrats tie government funding to debt bill, GOP digs in.

 

Senate Republican leader Mitch McConnell said he’s not about to help pay off past debts when Biden is about to pile on more with a “reckless” tax and spending package.

 

“Since Democrats decided to go it alone, they will not get Senate Republicans’ help with raising the debt limit. I’ve explained this clearly and consistently for over two months,” McConnell said Monday on the Senate floor.

 

Old and busted: Republicans pounce and seize.

The new hotness? Republicans dig in!

 

https://www.washingtonexaminer.com/opinion/byron-yorks-daily-memo-democrats-panic

 

https://rapidcityjournal.com/news/national/govt-and-politics/democrats-face-heavy-lift-on-biden-agenda-as-gop-stands-by/article_def53a05-68fb-5605-ad9a-2f3f58265479.html