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

[TSOL]

Biden administration is really screwing the pooch on the economy. How people can condemn the Trump administration and defend the Biden administration, based on personality traits, when the economy is a flaming garbage truck falling off a cliff like this, is beyond me. 

 

The economy was humming at peak efficiency under Trump.   

[B-Man]

 

 

By any objective measure, today’s jobs report was dismal.

 

Hosts on CNBC were nearly speechless:

 

 

 

However, Biden was so eager to talk about today’s jobs report that his speech only started almost an hour and a half late:

 

 

 

Charles Payne isn’t buying the spin:

 

 

 

 

After Biden’s comments, a familiar sight ensued:

 

 

 

https://twitchy.com/dougp-3137/2021/10/08/damage-control-biden-tries-to-explain-why-the-jobs-report-isnt-abysmal-and-guess-whats-to-blame-for-the-bad-news/

 

[Over 29 years of fanhood]

Another interesting red vs blue state break down. look at unemployment by state from top to bottom and see if there is any discernible pattern 

 

https://www.bls.gov/web/laus/laumstrk.htm

[SoCal Deek]

3 hours ago, TSOL said:

Biden administration is really screwing the pooch on the economy. How people can condemn the Trump administration and defend the Biden administration, based on personality traits, when the economy is a flaming garbage truck falling off a cliff like this, is beyond me. 

 

The economy was humming at peak efficiency under Trump.   

Yes, but at least Joe’s not tweeting! We live in a nation of total morons. 

[TSOL]

I saw a report on channel 4 WIVB yesterday that national fuel heating bills this winter will be up 43%. Its going to cost you 43% more to heat your home this winter. This is, no doubt, due to Joe Bidens domestic energy policies. 

Maybe the anger and rage i have towards this administration can keep my family warm this winter. 

[ALF]

44 minutes ago, TSOL said:

I saw a report on channel 4 WIVB yesterday that national fuel heating bills this winter will be up 43%. Its going to cost you 43% more to heat your home this winter. This is, no doubt, due to Joe Bidens domestic energy policies. 

Maybe the anger and rage i have towards this administration can keep my family warm this winter. 

 

Natural gas prices are skyrocketing around the world. Here’s why the U.S. may not suffer as much

 

A global energy crunch is sending natural gas prices soaring in the U.K., Europe and Asia, hitting record highs. However, experts say the stratospheric prices seen in Europe are unlikely to carry over to the States.

 

Much will ultimately depend on what the winter weather brings. But the U.S. is better positioned heading into the colder months, given that it’s the world’s largest natural gas producer and that inventory levels are not as depleted as they are in Europe.

 

But the moves abroad are far more extreme. Analysts at Deutsche Bank noted that in Europe prices are up fivefold, while in the U.S. and Asia prices are about 1.5 times higher. In Europe, the price spike in natural gas is equivalent to if oil were trading around $200 per barrel.

 

https://www.cnbc.com/2021/10/08/natural-gas-prices-are-skyrocketing-globally-what-it-means-for-the-us.html

 

Not a good time to restrict fracking or export liquified natural gas 

 

Having turned into a net exporter of LPG as recently as 2011, the USA now account for 33 percent of all LPG exports by volume. During the whole of 2020, the USA exported 47.1 mln tonnes of LPG, based on Refinitiv vessel tracking data, which was a +15.3% increase from the 40.8 mln tonnes in 2019.

 

https://www.hellenicshippingnews.com/lpg-trade-the-us-market-dominated-during-2020/

Edited October 9, 2021 by ALF

[B-Man]

 

 

 

                                

 

[B-Man]

 

 

If there’s a 4th point, it’s “then blame the virus, the unvaccinated and Republicans.”

 

 

 

 

[Irv]

Went to fill my truck up with gas.  Pump stopped at $100 with tank not filled.  Thanks Demented Biden.  What a mess.  

[Over 29 years of fanhood]

On 10/8/2021 at 3:56 PM, SoCal Deek said:

Yes, but at least Joe’s not tweeting! We live in a nation of total morons. 

And we know from Facebook research that social media triggers those with pre- adolescent mentalities… so it all adds up

[B-Man]

 

 

 

 

 

 

 

[B-Man]

 

 

 

US sets record for workers walking off jobs in August

 

 

 

https://hotair.com/ed-morrissey/2021/10/12/going-galt-us-sets-record-for-workers-walking-off-jobs-in-august-n421899

 

 

 

[ALF]

The global supply chain nightmare is about to get worse

 

Computer chip shortages. Epic port congestion. And a serious lack of truck drivers. The world's delicate supply chains are under extreme stress.

The supply chain nightmare is jacking up prices for consumers and slowing the global economic recovery. Unfortunately, Moody's Analytics warns supply chain disruptions "will get worse before they get better."

 

Moody's said the "weakest link" may be the shortage of truck drivers — an issue that has contributed to congestion at ports and caused gas stations in the United Kingdom to run dry.

 

https://www.cnn.com/2021/10/12/business/global-supply-chain-nightmare/index.html

[All_Pro_Bills]

14 hours ago, B-Man said:

 

 

 

 

 

 

 

So now the President is an expert at central planning of the world's largest economy following some secret blueprint to overhaul the mechanisms of commerce and business.  Any guess on how that turns out?  But given that everything these clowns have touched so far has been a huge dumpster fire I expect they are once again too incompetent to even attempt screwing up the economy and their "plan" (if they even have one) will be a miserable failure. Like everything else to date.  

[Big Blitz]

What a f....ing disaster 

 

 

 

Inflation has shifted to ‘brutally high’ from ‘massive’ in three months, according to Fastenal CEO

 

There isn’t just a ton of inflation, it’s starting to actually hurt people.

 

That’s according to Lars Florness, the chief executive of Fastenal Co., which makes supplies used by construction and industrial manufacturers.

 

In the conference call with analysts following Fastenal’s third-quarter results early Tuesday, Florness said, according to a FactSet transcript, that product and shipping cost inflation the company and its peers were facing “isn’t just high”:

 

“It’s brutally high. The chaos and…the impact, not just from a financial perspective, but from a toll that takes on our human capital, is immense.”

 

https://on.mktw.net/3oVD7kh

 

 

 

 

Reminder.....

 

This is all self inflicted and deliberate.  

[All_Pro_Bills]

50 minutes ago, Big Blitz said:

What a f....ing disaster 

 

 

 

Inflation has shifted to ‘brutally high’ from ‘massive’ in three months, according to Fastenal CEO

 

There isn’t just a ton of inflation, it’s starting to actually hurt people.

 

That’s according to Lars Florness, the chief executive of Fastenal Co., which makes supplies used by construction and industrial manufacturers.

 

In the conference call with analysts following Fastenal’s third-quarter results early Tuesday, Florness said, according to a FactSet transcript, that product and shipping cost inflation the company and its peers were facing “isn’t just high”:

 

“It’s brutally high. The chaos and…the impact, not just from a financial perspective, but from a toll that takes on our human capital, is immense.”

 

https://on.mktw.net/3oVD7kh

 

 

 

 

Reminder.....

 

This is all self inflicted and deliberate.  

Some good news for social security recipients.  They'll be getting a 5.9% increase in benefits via cost of living adjustments. 

[Backintheday544]

56 minutes ago, Big Blitz said:

What a f....ing disaster 

 

 

 

Inflation has shifted to ‘brutally high’ from ‘massive’ in three months, according to Fastenal CEO

 

There isn’t just a ton of inflation, it’s starting to actually hurt people.

 

That’s according to Lars Florness, the chief executive of Fastenal Co., which makes supplies used by construction and industrial manufacturers.

 

In the conference call with analysts following Fastenal’s third-quarter results early Tuesday, Florness said, according to a FactSet transcript, that product and shipping cost inflation the company and its peers were facing “isn’t just high”:

 

“It’s brutally high. The chaos and…the impact, not just from a financial perspective, but from a toll that takes on our human capital, is immense.”

 

https://on.mktw.net/3oVD7kh

 

 

 

 

Reminder.....

 

This is all self inflicted and deliberate.  

How was it self inflicted and deliberate?

3 minutes ago, All_Pro_Bills said:

Some good news for social security recipients.  They'll be getting a 5.9% increase in benefits via cost of living adjustments. 

Medicare increases can eat that up. Plus Republicans don’t want to increase the debt ceiling which can lead to SS recipients not getting their checks.

[Over 29 years of fanhood]

15 minutes ago, Backintheday544 said:

How was it self inflicted and deliberate?

Medicare increases can eat that up. Plus Republicans don’t want to increase the debt ceiling which can lead to SS recipients not getting their checks.

We need to borrow against debt ceiling to fund SS? What a fiscal disaster this is becoming. 

[Backintheday544]

Just now, Over 29 years of fanhood said:

We need to borrow against debt ceiling to fund SS? What a fiscal disaster this is becoming. 

Yes? It’s government spending it’s not some new concept that. It makes it even worse the domestic terrorists try holding the debt ceiling hostage:

 

https://www.marketwatch.com/story/the-debt-limit-could-delay-social-security-benefits-11633972853

[Big Blitz]

29 minutes ago, Backintheday544 said:

How was it self inflicted and deliberate?

 

 

We shut down the economy.  

 

Disrupted all International trade and shipping 

 

Blamed everything on the 99.9% survival rate virus 

 

Spent 9 trillion dollars 

 

Cut nothing 

 

Impose protocols that make millions want to not shop or travel or vacation  - unless it's to the free state of Florida and using Amazon

 

Now do the same with vaccines for 99.9% survival rate virus

 

Encouraged intentionally and unintentionally people to not work 

 

Blame all shortages and horrendous service on 99.9% survival rate virus

 

 

 

 

Here's your stagflation. 

 

Edited October 13, 2021 by Big Blitz

[OrangeBills]

3 minutes ago, Big Blitz said:

 

 

We shut down the economy.  

 

Disrupted all International trade and shipping 

 

Blamed everything on the 99.9% survival rate virus 

 

Spent 9 trillion dollars 

 

Cut nothing 

 

Impose protocols that make millions want to not shop or travel or vacation  - unless it's to the free state of Florida and using Amazon

 

Now do the same with vaccines for 99.9% survival rate virus

 

Encouraged intentionally and unintentionally people to not work 

 

Blame all shortages and horrendous service on 99.9% survival rate virus

 

 

 

 

Here's your stagflation. 

 

 

It's just the Global Leftist Cabal's joyous creation of their Dependence Class, which they dream and envision will eventually include...all of us

[Backintheday544]

7 minutes ago, Big Blitz said:

 

 

We shut down the economy.  

 

Disrupted all International trade and shipping 

 

Blamed everything on the 99.9% survival rate virus 

 

Spent 9 trillion dollars 

 

Cut nothing 

 

Impose protocols that make millions want to not shop or travel or vacation  - unless it's to the free state of Florida and using Amazon

 

Now do the same with vaccines for 99.9% survival rate virus

 

Encouraged intentionally and unintentionally people to not work 

 

Blame all shortages and horrendous service on 99.9% survival rate virus

 

 

 

 

Here's your stagflation. 

 

what’s 0.1 percent of the US population?

[All_Pro_Bills]

31 minutes ago, Backintheday544 said:

How was it self inflicted and deliberate?

Medicare increases can eat that up. Plus Republicans don’t want to increase the debt ceiling which can lead to SS recipients not getting their checks.

An alternative to more debt might be for the Federal government to stop running a Ponzi Scheme and adjust to a lifestyle of living within their means.  Ultimately this foolishness where both parties are responsible is going to lead to a dollar crash along with a big drop in the standard of living of most Americans.  Liberal, Conservative, or Independent.  Most will not escape the consequences.  And it looks to be coming on fast.     

[Over 29 years of fanhood]

56 minutes ago, Backintheday544 said:

Yes? It’s government spending it’s not some new concept that. It makes it even worse the domestic terrorists try holding the debt ceiling hostage:

 

https://www.marketwatch.com/story/the-debt-limit-could-delay-social-security-benefits-11633972853

Youre silly. Democrats have all the houses they could easily pass the debt ceiling increase through reconciliation, they just don’t want to use it, and also can’t seem to keep their own party in line. Republicans are impotent and powerless. Your Flock is so easily fooled. 

Also that is an op Ed not a factual analysis. Did you miss that??

 

Social security accumulating debt is like you taking a loan out in your kids name to retire. It’s a garbage policy of old people stealing from the future for a cushy life.  

Edited October 13, 2021 by Over 29 years of fanhood

[Backintheday544]

22 minutes ago, Over 29 years of fanhood said:

Youre silly. Democrats have all the houses they could easily pass the debt ceiling increase through reconciliation, they just don’t want to use it, and also can’t seem to keep their own party in line. Republicans are impotent and powerless. Your Flock is so easily fooled. 

Also that is an op Ed not a factual analysis. Did you miss that??

 

Social security accumulating debt is like you taking a loan out in your kids name to retire. It’s a garbage policy of old people stealing from the future for a cushy life.  

You do know the Dems can pass a debt ceiling increase if the Republican Senators wouldn’t filibuster. Republicans are the only ones holding it up and they’re holding it up because they’re filibustering it in the Senate. Not a single Republican has to vote for it.  

25 minutes ago, Over 29 years of fanhood said:

Youre silly. Democrats have all the houses they could easily pass the debt ceiling increase through reconciliation, they just don’t want to use it, and also can’t seem to keep their own party in line. Republicans are impotent and powerless. Your Flock is so easily fooled. 

Also that is an op Ed not a factual analysis. Did you miss that??

 

Social security accumulating debt is like you taking a loan out in your kids name to retire. It’s a garbage policy of old people stealing from the future for a cushy life.  

Yes it’s an op Ed but it has factual quotes in there like:

 

During the recent debate, Treasury Secretary Janet Yellen highlighted some of the potential consequences of a failure to raise the debt ceiling.  If Treasury could no longer borrow and its cash balance were insufficient for the government to pay its bills, Yellen testified that: “Nearly 50 million seniors could stop receiving Social Security payments or receive them delayed.” 

[Over 29 years of fanhood]

24 minutes ago, Backintheday544 said:

You do know the Dems can pass a debt ceiling increase if the Republican Senators wouldn’t filibuster. Republicans are the only ones holding it up and they’re holding it up because they’re filibustering it in the Senate. Not a single Republican has to vote for it.  

Yes it’s an op Ed but it has factual quotes in there like:

 

During the recent debate, Treasury Secretary Janet Yellen highlighted some of the potential consequences of a failure to raise the debt ceiling.  If Treasury could no longer borrow and its cash balance were insufficient for the government to pay its bills, Yellen testified that: “Nearly 50 million seniors could stop receiving Social Security payments or receive them delayed.” 

It’s a scare tactic. lots of ifs and coulds… So malleable and gullible. 
 

dems can pass it through reconciliation and simple majority. McConnell suggested it filibuster would be irrelevant and Schumer rejected it because they fear they won’t be able to pass their other agenda. 

 

So both Republicans and Democrats are holding debt ceiling hostage. CNN probably didn’t mention that to you…

[RiotAct]

2 hours ago, All_Pro_Bills said:

Some good news for social security recipients.  They'll be getting a 5.9% increase in benefits via cost of living adjustments. 

I just hope they return all the money they took out of my paychecks over the past 17 years when SS becomes totally insolvent.

[Backintheday544]

28 minutes ago, Over 29 years of fanhood said:

It’s a scare tactic. lots of ifs and coulds… So malleable and gullible. 
 

dems can pass it through reconciliation and simple majority. McConnell suggested it filibuster would be irrelevant and Schumer rejected it because they fear they won’t be able to pass their other agenda. 

 

So both Republicans and Democrats are holding debt ceiling hostage. CNN probably didn’t mention that to you…

No, Republicans are holding it hostage. Reconciliation isn’t a normal way to pass legislation. Mitch just has to say we will end the filibuster and no Republicans will vote for it and it will pass easy. Dems are the ones waiting to pass it. They can pass it at any time but Republicans are saying no.

 

And that’s not a scare tactic. That’s how the US fiscal situation works.

[Over 29 years of fanhood]

28 minutes ago, Backintheday544 said:

No, Republicans are holding it hostage. Reconciliation isn’t a normal way to pass legislation. Mitch just has to say we will end the filibuster and no Republicans will vote for it and it will pass easy. Dems are the ones waiting to pass it. They can pass it at any time but Republicans are saying no.

 

And that’s not a scare tactic. That’s how the US fiscal situation works.

Reconciliation is how they passed the last spending bill and how they plan to pass the next one. people need to stop being so gullible.

[Backintheday544]

53 minutes ago, Over 29 years of fanhood said:

Reconciliation is how they passed the last spending bill and how they plan to pass the next one. people need to stop being so gullible.

I honestly don’t know if you’re an idiot or just play one on a message board.

A debt limit increase has never been passed through reconciliation. It doesn’t need to be. It can be passed by Democrats easily if the Republicans would end the filibuster.

 

Edited October 13, 2021 by Backintheday544

[OrangeBills]

10 minutes ago, Backintheday544 said:

I honestly don’t know if you’re an idiot or just play one on a message board.

A debt limit increase has never been passed through reconciliation. It doesn’t need to be. It can be passed by Democrats easily if the Republicans would end the filibuster.

 

 

Just from Wikipedia, maybe some moronic Right-winger mistakenly updated it:

 

Congress can pass up to three reconciliation bills per year, with each bill addressing the major topics of reconciliation: revenue, spending, and the federal debt limit.

[Backintheday544]

8 minutes ago, OrangeBills said:

 

Just from Wikipedia, maybe some moronic Right-winger mistakenly updated it:

 

Congress can pass up to three reconciliation bills per year, with each bill addressing the major topics of reconciliation: revenue, spending, and the federal debt limit.

Reconciliation bills can be used for anything

budget related. So yea, the debt limit can be increased through reconciliation. However, it never has because prior to the tea party it’s been one of the easiest bills to pass.

 

Usually reconciliation bills are done once per fiscal year. For example when the Republicans had Congress and the White House , they passed TCJA. The next fiscal year they tried to pass getting rid of ACA before McCain did his thumbs down.

 

The three bills is something that Dems got from the Senate parliamentarian towards the beginning of Biden’s term.

 

(side note on reconciliation bills, when the Republicans passed TCJA, they wanted it called TCJA. Bernie Sanders appealed to the Senate parliamentarian and said that provision didn’t affect the budget, so after TCJA passed, he got it struck from the record that it’s called TCJA)

Edited October 13, 2021 by Backintheday544

[All_Pro_Bills]

1 hour ago, Backintheday544 said:

No, Republicans are holding it hostage. Reconciliation isn’t a normal way to pass legislation. Mitch just has to say we will end the filibuster and no Republicans will vote for it and it will pass easy. Dems are the ones waiting to pass it. They can pass it at any time but Republicans are saying no.

 

And that’s not a scare tactic. That’s how the US fiscal situation works.

I say let the whole thing crash and burn.  A smaller government with far less funding, fewer employees, and less time to snoop and meddle in our private lives and personal arrangements would be a breath of fresh air and a big boost to democracy and freedom.  If politically connected businesses, organizations, and individuals feeding at the government trough get hurt well maybe its time to stop mooching and get real jobs.

Edited October 13, 2021 by All_Pro_Bills

[B-Man]

 

 

 

 

 

 

 

 

Forget What You're Being Told. Here's the Real Reason for California's Trucker Shortage.

 

FTA:

 

The immediate problem, the one in Los Angeles, has been caused by the state’s vindictively regulatory state government.

 

We’ll get to the trucker shortage in just a moment, but California also faces a shortage of trucks for them to drive.

 

Twitter user Jerry Oakley reminds us that “Carriers domiciled in California with trucks older than 2011 model, or using engines manufactured before 2010, will need to meet the Board’s new Truck and Bus Regulation beginning in 2020.” Otherwise, “Their vehicles will be blocked from registration with the state’s DMV,” according to California law.

 

“The requirement is to purchase electric trucks which do not exist.”

 

As a result, trucks aren’t being purchased to replace the ones being regulated out of business

 

 

 

 

 

 

 

“Traditionally the ports have been served by Owner Operators,” Oakley says, who are non-union. But under AB-5, “California has now banned Owner Operators.”

 

Just like the union longshoremen, union truckers work under a whole host of work rules that simply can’t accommodate crisis conditions like the ones in Los Angeles.

 

In fact, those work rules helped create the crisis conditions.

 

The exact language of AB-5 was copied and pasted into Presidentish Joe Biden’s $5 trillion (Or: Five Million Million Dollar) “Build Back Better” bill currently stalled in the Senate.

 

It’s one thing for Californians to screw themselves over, but AB-5 is hurting the entire country’s economy — and Washington Democrats want to take AB-5 nationwide.

 

https://pjmedia.com/vodkapundit/2021/10/13/forget-what-youre-being-told-heres-the-real-reason-for-californias-trucker-shortage-n1523635

[Backintheday544]

24 minutes ago, All_Pro_Bills said:

I say let the whole thing crash and burn.  A smaller government with far less funding, fewer employees, and less time to snoop and meddle in our private lives and personal arrangements would be a breath of fresh air and a big boost to democracy and freedom.  If politically connected businesses, organizations, and individuals feeding at the government trough get hurt well maybe its time to stop mooching and get real jobs.

I’m with you. ***** the boomers because defaulting will hit them hardest.

 

To be honest, I’m pretty cool with the Republican position to let boomers die from COVID. I don’t agree with Republicans a lot but it’s probably best for the world.

[B-Man]

 

 

 

 

 

[Backintheday544]

1 minute ago, B-Man said:

 

 

 

 

 

remember all the boat parades Trump had and it helped him win an election!

2 minutes ago, B-Man said:

 

 

 

 

 

Also I want to share my favorite right wing post about you:

 

Why, so you can continue to flood this message board with every nonsensical piece of garbage you harvest out of the Twitter sphere? You don’t think people can go on Twitter and read this crap for themselves? Copying and pasting is NOT the purpose of a message board. Try offering something of value, or a slightly well reasoned adult worthy opinion once in a while and you’ll watch my standard bored to death response change. Ready, set, go! “

[B-Man]

Biden’s address about speeding up the supply chain got off to an ‘inspiring start’ (with the usual finish)

 

 

 

And of course when it was all finished, Biden didn’t take questions:

 

 

 

https://twitchy.com/dougp-3137/2021/10/13/bidens-address-about-speeding-up-the-supply-chain-got-off-to-an-inspiring-start-with-the-usual-finish/

 

 

[Over 29 years of fanhood]

4 hours ago, Backintheday544 said:

I honestly don’t know if you’re an idiot or just play one on a message board.

A debt limit increase has never been passed through reconciliation. It doesn’t need to be. It can be passed by Democrats easily if the Republicans would end the filibuster.

 

There are quite clearly a lot of things you honestly don’t know… including how to decipher reality from your hypnotic entranced regurgitation of chuck Schumer talking points. 
 

But hey, they love for it. 
 

🐑 

[Backintheday544]

3 minutes ago, Over 29 years of fanhood said:

There are quite clearly a lot of things you honestly don’t know… including how to decipher reality from your hypnotic entranced regurgitation of chuck Schumer talking points. 
 

But hey, they love for it. 
 

🐑

Dude you’re a ***** lemming. I laid out how the law actually works and all you can do is spit out dumb ass talking points you probably heard on Fox News.

 

Look, stop it. Grow up. When you’re ready to be an adult read how reconciliation bills work. When you’re ready to be an adult understand how the filibuster works.

 

When you’re ready to be an adult and actually understand how our government functions come back.

 

Until then. Bye Felicia