Inflation Nation
The Biden administration got more bad news Thursday as the Commerce Department released a key inflation gauge that jumped 6.4% in February compared with a year ago. AKA the personal consumption expenditures price index, it also revealed that consumer spending in February was only 0.2 percent, falling below projections of 0.5 percent, which indicates less buying power for middle class Americans. The Fed has either been overly optimistic or has been devious in telling us that inflation was “transitory.” They have yet to effectively tighten monetary policy nor have they resisted the insane temptation of printing of money. As for the ever confused Joe Biden, there is blame to be assigned from everything between the pandemic and Putin.
The Week:
Hunter Biden was again in the spotlight as both the New York Times and Washington Post had to admit that the Hunter Laptop story was true. The Post even admitted that drug addicted Hunter got $3.8 Million in consulting fees. The reasons for two leftist rags admitting the truth range from trying to stay ahead of anticipated indictments or as the first step in paving the way for another democratic presidential candidate in 2024. Like the horse in the Orwell Novella "Animal Farm, " Joe Biden has been used by progressives and he is no longer of value. One final note on the Hunter Biden Laptop - the FBI, who had custody of it, can't find it!
Ron DeSantis is winning the culture wars, as he stands up for parents rights and takes on not only the Teacher's Union and the radical left but also the woke executives now in control of Dinsey. Not only has he successfully passed a law protecting young children from harmful indoctrination, but he is threatening to remove a law affecting Disney as a larger effort to take away the corporation's "special privileges." The law in question is called the 1967 Reedy Creek Improvement Act which allows Walt Disney World to essentially have its own government. I think it's obvious that what DeSantis is doing in Florida is what he intends to do for America.
The war in the Ukraine enters it's sixth week. As the Russian military continues to be bogged down, cities are being turned into rubble and mercenaries are being introduced to the war, the most revealing fact has just been reported - "Russia is running its military campaign against Ukraine out of Moscow, with no central war commander on the ground to call the shots, according to U.S. officials who have studied the five-week-old war." https://news.yahoo.com/russias-war-lacks-battlefield-commander-115751753.html?fr=sycsrp_catchall Not exactly like, but similar to how LBJ ran the Vietnam War.
Hillary Clinton. "Federal election regulators fined Hillary Clinton's 2016 presidential campaign and the Democratic National Committee earlier this month for not properly disclosing the money they spent on controversial opposition research that led to the infamous Trump-Russia dossier . The DNC was fined $105,000 and the Clinton campaign was fined $8,000, according to a letter sent by the Federal Election Commission to a conservative group that requested an inquiry." https://www.cnn.com/2022/03/30/politics/clinton-dnc-steele-dossier-fusion-gps/index.html That to be followed up with a Trump lawsuit: "Former President Donald Trump sued Hillary Clinton, the Democratic National Committee and others for allegedly conspiring to “weave a false narrative” during the 2016 election that Trump and his campaign were colluding with Russia." https://www.cnbc.com/2022/03/24/trump-sues-hillary-clinton-dnc-over-2016-election-russia-claims-.html
What have we learned?
The left thought it was clever by saying "Don't say gay" and getting all their degenerate friends in the media to repeat it, but most of America knows that the new Florida law is about protecting young children and parental rights.
Old Vic seems to keep rolling along.
"Perseverance, dear my lord, Keeps honour bright to have done, is to hang; Quite out of fashion, like a rusty mail; In monumental mockery." ....Troilus and Cressida, Act III, Scene III
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"I think that if Disney is going to continue this leftward lurch, and the legislature votes to give Disney the left-leaning policies that they’ve asked for, then they’ll be subject to the tyrannical rule of the mayor of Orange County, which they will soon regret," Castillo told Fox News Digital. "If Disney falls under Orange County regulations and taxes, I suspect they’ll think twice before pushing for more of them."
The woke have met their match!
It's also possible that Disney is just doing what any business would do, out in search of expanding their market share and moving where it believes the money is at. While Disney is pushing it's left-leaning policies here they are also expanding into countries around the world where there are strict anti-gay laws. Perhaps this is more about money than ideology.
I think it’s a combination of both. As you point out, Disney will happily partner with the most egregious human rights abusing governments in the world (and given them veto over scripts) in search of profit. Not to mention engage in all sorts of exploitation of workers both here and abroad.
At the same the capture of the commanding heights of American culture by the far left allows Disney to push the far left agenda their executives favor without significantly risking any profits. In fact, their woke grandstanding buys them nothing but praise and good public relations from the other multinationals that control American media.
the test would be to see how committed to pushing a woke agenda Disney would be if it actually hit their bottom line in a way they couldn’t rationalize as buying good public relations.
Yes, there is great hypocrisy, but there is ideology as well. Have you seen what kind of people are running the company?
But wait....
I thought profits were a big bad boogyman on the left.
Of course, leftist loon profits are good.....and who cares about human rights on other countries?.
Other newsworthy stories...
I guess they finally admitting what they have been denying all along. There really is something to the Crackheads computer and it doesn't look good for them. But we all knew that already.
It is funny to hear that many of Russia's military leaders are being taken out by their own soldiers.
Doesn't mean that the left knows what the law actually says as they fight against it supporting indoctrination of small children. Maybe indoctrination is the unity these morons were talking about.
8 grand is an awfully small sum to fine someone who tried to steal the election from Trump in 2016. Maybe it never happened?
It's easy to overlook the DNC fine of $105,000.
Easy when comparing it to the fines on Trump.
" A judge Thursday ordered President Donald Trump to pay $2 million to an array of charities as a fine for misusing his own charitable foundation to further his political and business interests."
" A federal judge finalized the $25 million settlement between President Trump and students of his now shuttered Trump University on Monday, with New York's attorney general claiming “victims of Donald Trump’s fraudulent university will finally receive the relief they deserve.”
If the amount of fine equates to the severity of the crime then there simply is no comparison, the rancid orange bloviator that Republicans continue to worship clearly sets the standard for slimy corruption and unethical behavior.
But but Trump!
Actually, since Trump badly fumbled the initial response to covid-19 and the recent global inflation is a direct result of covid-19 Trump shares in the blame.
Disney should consider the make up and views of paying customers who come to their place
[deleted]
At least Karen get's to keep her money.
Wait... What???? The FBI lost the laptop? wtf? I'm sure there are a lot of good and honest people who work in the FBI and other areas of government service, if they do not stand up and clean house then the American public can lose all trust in government institutions and that I believe is much worse for the long-term health of this country than either Biden or Trump. That loss of trust, IMO, is what could lead to an outbreak of civil war.
Absolutely right!
Biden now performs worse among Latinos than any other race.
So many narratives being blown up.
The day that Republicans get over 50% of the Hispanic vote is the day we'll see the southern border sealed.
There will also be a crackdown on every illegal Latino immigrant within the US.
The sanctuary cities will close shop; at least for Latinos.
It's been said so many times that it amazes me that anybody can refute it, yet partisans continue to try. Most people in this country still vote based on kitchen table issues and inflation and the economy are two major issues that impact a lot of people. And people know that the Democrats have been in charge for the past year, and I believe they are getting tired of hearing the constant assignment of blame to everybody else except for the people who are actually in power at this point in time. How anybody can predict that the Democrats will come out of the November election cycle in good shape is simply amazing to me and I'll admit I'm a little jealous as to the quality of drugs they have.
My prediction is a big Republican sweep in both the House and the Senate unless this administration can get inflation solved before the end of the year. But so long as they keep trying to put the blame for it on everybody else I just cannot see that happening. Now what happens after that is just as scary to me.
A red tidal wave!
The oil companies are not drilling because they like the high prices, they are making more money. Their rationale is that they lost money during the pandemic and now they are going to make up that loss through the current high prices. How is that Bidens or the Democrats fault?
Many people who "vote their pocketbook" dont take the time to understand the causes. Is that supposed to speak well of this country?
Biden propaganda. John, nobody in their right mind is buying that.
Biden went to war against fossil fuels and the American middle class is getting crushed!
There have been multiple news stories that confirm what I am saying.
It's more than just that. Yes, oil companies just like other companies are very interested in making more money and keeping their shareholders happier. But the changes this administration put in place for oil exploration and the higher costs associated with the process of finding and drilling are also impacting this. To ignore that is no better.
It's always been this way JR. This is no different than the people who vote a party line because their parents voted that party line. Why do you think so many politicians while running for office make so many promises and once they are in office forget the promises made? It's because they know that the majority of people who vote do not take the time to see the whole picture or dig deep enough to know/understand what they are voting for. People tend to vote for what is right in front of them.
These kitchen table issues are the most immediate issues that are right in front of people. Inflation cuts into a persons ability to feel good about their lives and they tend to blame the party in power for their fears, right or wrong justification really doesn't get taken into account for this.
It's not true John.
You can give us the links to those so called "sources."
Prove that it is Bidens fault that we have high gasoline prices.
When ABC News reports on a CBS news story as their confirmation, that's hardly a solid news story. And that's what we see a lot of.
Whose rationale? How, with the price they pay through the roof, are they making MORE money? They didn't lose jack shit during the pandemic. Total revenue may have been down but the profit margin on that reduction didn't budge.
Go a link to that theory? I'd really like to read it. Thanks.
If Republicans do well in 2022 all the issues that they claim are impacting the kitchen table will still be there and Rs will play a larger role in addressing them. Seeing that the only things they are capable of forcing change over involve identity politics, nobody should have high expectations. Should they somehow prevail in 2024 they will have an even higher bar to prove they deserve to be there. It will be like a never ending unproductive Trump infrastructure week all over again.
That's a switch. You just said that "The oil companies are not drilling because they like the high prices"
John, I'm asking for a link....Please!
BP reports $5.7bn loss as Covid-19 pandemic hits oil ...
Feb 02, 2021 · BP reports $5.7bn loss as Covid-19 pandemic hits oil demand Company was forced to write off the value of its oil and gas assets by $6.5bn …
======================================================
That was the fucking FIRST result of a search I did . The first result, AT THE TOP OF THE PAGE.
jESUS cHRIST ! Do you ever make even the slightest effort to look into what you are talking about?
We know they lost money, but you said: "The oil companies are not drilling because they like the high prices"
That's what we want a link to
Your buddy over here said they didnt lose money. Why dont you address your concerns to him?
Thanks!!! I stand corrected............
www.politifact.com /factchecks/2022/mar/29/ron-johnson/no-democrats-arent-responsible-rising-gas-prices/
PolitiFact - No, Democrats aren’t responsible for rising gas prices
Ron Johnson stated on March 18, 2022 in Twitter: 6-7 minutes
Across the country, gas prices are climbing to record-setting numbers, putting consumers in a bit of a pinch when it comes to their daily commute.
As prices have crept up, politicians have been quick to point fingers.
Republican U.S. Sen. Ron Johnson of Wisconsin, in a March 18, 2022 tweet about the burden the high prices were placing on truck drivers, blamed the "astronomical gas prices" on the "Democrats’ war on fossil fuels."
But is that true? Have policies instituted by Democrats in recent years caused gas prices to skyrocket? Or is there another reason?
Let’s take a look.
Coronavirus, Russian invasion of Ukraine playing major role in prices
When we reached out to Johnson’s office, aides sent a host of information about the senator’s claim, arguing that President Joe Biden’s policies regarding American oil production and transportation are to blame for the hike in prices.
Alexa Henning, Johnson’s deputy chief of staff for communications, cited suspension of drilling and mining on Bureau of Land Management property, the cancellation of the Keystone XL pipeline and signing an executive order barring federal funding from being used to subsidize fossil fuels.
So let’s take a look there first: Were gas prices forced upward because of policies like these, enacted by the Biden Administration?
In short, no.
Gas prices have been rising since the initial wave of the coronavirus hit the United States in early 2020. According to a March 9, 2022 piece from PolitiFact National , gas prices were the lowest in May 2020 at $1.87 per gallon, but since then have experienced upward growth.
In January 2021, when Biden was inaugurated, gas prices were already at $2.33 per gallon, ahead of any policies put into place by the new administration. As of March 2022, prices were around $4 a gallon, on average, according to PolitiFact.
Aside from that, the halt of the Keystone XL pipeline, which many Republicans have pointed to as a cause for rising prices, would have likely had a very miniscule impact on the global oil trade, said Gregory Nemet, a professor at the University of Wisconsin-Madison’s La Follette School of Public Affairs.
"There are 95 million (barrels) per day of global oil production, and only 0.5 million barrels per day from the Keystone XL so it would have a very small effect, when it would come online," Nemet said in an email.
What’s more, the action did not shut down any existing supply. The Keystone XL was not projected to be finished until the first quarter of 2023.
But there have been other factors as well. One of the biggest: The coronavirus pandemic.
According to a March 9, 2022 report from the New York Times, gas prices have risen largely in response to the ongoing impact of the coronavirus pandemic and the disruptions it caused to global supply and demand.
The report notes that during the early months of the pandemic, when people were largely confined to their homes in hopes of limiting the spread of the virus, gas prices plummeted. There was more gasoline available than consumers looking to buy it. So producers of gasoline started decreasing output.
As those restrictions have loosened and life has returned to normal, demand for gas has gone up, the report said, with demand now outpacing the limited supply of gas.
Supply and demand are largely out of Biden’s control, but the administration hasn’t exactly been sending positive signals to the oil and gas industry by pushing for reduced emissions and other forms of cleaner energy, the Times report noted.
But, as the Times article said, that stance has played only a "very, very small role in pushing gas prices up."
Another factor linked to rising gas prices: The Russian invasion of Ukraine and the economy-choking sanctions placed upon Russia by the United States and other countries.
According to the PolitiFact National report, Russian oil accounts for about 4% of America’s supply. Europe is far more reliant on Russia’s oil, and has far less ability to compensate to make up for the lack of oil it’s getting, forcing gas prices up.
"In a global market, those price pressures will be felt in the U.S.," the PolitiFact report said. "If American producers can get a higher price on the global market, that’s where some of their production will go, raising prices back at home."
In short, there are a lot of factors that influence the rising cost of oil and gasoline in the United States and abroad, but policies put into place by Democrats and the Biden Administration likely aren’t the root cause.
"The bottom line is that these two global forces: economic recovery and disruption from Russia are what has made gasoline prices rise," Nemet said. "U.S. oil production has doubled the past 15 years and yet we still have these high prices. This to me is evidence that expanding supply in the U.S. can only have modest impacts for U.S. gasoline consumers."
Our ruling
Johnson claimed that the "astronomical gas prices" are "due to the Democrats’ war on fossil fuels."
He noted, among other things, halting subsidies for oil companies, ending fossil fuel company drilling on public lands and ending the Keystone XL pipeline.
Experts say those things could have had a small impact, but it’s more likely that the effect of the coronavirus pandemic on the supply and demand for oil, and Russia’s invasion of Ukraine and the subsequent sanctions are having a much larger impact.
We rate this claim Mostly False, meaning the statement contains an element of truth, but ignores critical facts that would give a different impression.
He said total revenue was down.
www.msn.com /en-us/money/markets/gas-prices-are-high-oil-ceos-reveal-why-theyre-not-drilling-more/ar-AAVs7rm
Gas prices are high. Oil CEOs reveal why they're not drilling more
5-6 minutes Invalid Date
The US oil industry doesn't appear to be in any rush to come to the rescue of Americans struggling with high gas prices. Oil company CEOs say Wall Street is to blame.
Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers are restraining growth , according to a Federal Reserve Bank of Dallas survey released Wednesday.
For years, the boom-to-bust oil industry spent lavishly to fund all-out production growth. US oil output skyrocketed, keeping prices low. Yet sustaining profits proved elusive. Hundreds of oil companies went bankrupt during multiple oil price crashes, leading investors to demand more restraint from energy CEOs.
Today, oil companies are under enormous pressure from Wall Street to return cash to shareholders through dividends and buybacks, instead of investing in badly needed supply.
"Discipline continues to dominate the industry," an executive from an oilfield services firm told the Dallas Fed in the survey . "Shareholders and lenders continue to demand a return on capital, and until it becomes unavoidably obvious that high energy prices will sustain, there will be no exploration spending."
US output is down even as prices skyrocket
Although US oil supply is expected to rise in the coming months, it remains well below pre-Covid output. That's despite the fact that oil prices have spiked to levels unseen since 2008.
The United States produced 11.6 million barrels per day in the week ending March 18, according to the US Energy Information Administration. That's down 10% from late 2019.
Prices, on the other hand, have surged. US crude oil closed at $114.93 a barrel Wednesday, up 88% from the end of 2019.
Current prices are well above the $56 per barrel average that oil companies told the Dallas Fed they need to profitably drill. Larger companies said they need per barrel prices of just $49 to turn a profit.
Yet oil executives and investors don't want to add so much supply that it causes another glut that crashes prices. And shareholders want companies to return excess profits in the form of dividends and buybacks, not reinvest them in increasing production.
One executive surveyed pointed to the staggering losses suffered by shareholders in recent years. The energy sector, comprised largely of oil-and-gas firms, was easily the worst performer last decade.
"Investors dumped huge funds into shale drilling only to discover that when oil prices dropped, very little value existed at the end of the day," the executive said.
Only 6% blame government regulation
Following Russia's invasion of Ukraine, the US price of regular gasoline hit a record high of $4.33 a gallon.
Although environmental policies are often blamed for high energy costs, oil executives do not seem to view them as the central factor here.
Just 6% of executives polled by the Dallas Fed pointed to government regulations as the primary reason publicly-traded oil companies are restraining production growth.
Another 11% pointed to environmental, social and governance (ESG) issues. The ESG movement has led many investors to shy away from fossil fuel companies in favor of clean energy ones.
About 15% of executives said "other" factors were to blame, including personnel shortages and supply-chain problems.
'Vilification' of the oil industry
Still, multiple executives surveyed expressed significant concern about regulations and rhetoric on the industry coming from the federal government as well as individual states such as Colorado.
"The message from the White House, Capitol Hill and Wall Street has been that oil and gas is a dying industry and one that needs to be abandoned," one survey respondent said. That executive pointed to "serious workforce issues" that are being driven in part by the "vilification" of the oil-and-gas industry.
"Regulation is significantly hurting and hampering US energy production," another executive said.
For consumers worried about near-record gasoline prices, the good news is that more supply is coming.
The business activity index in the Dallas Fed survey jumped in the first quarter to the highest level in its six-year history. That gain was driven by a sharp increase in the oil production index.
The bad news is that Big Oil companies are signaling just a modest increase in supply.
Among large oil companies, the median production growth rate between the fourth quarter of last year and first quarter of this year was 6%. Small firms, many of which are not publicly traded, expect much faster production growth of 15%.
If US oil companies and OPEC fail to ramp up output, analysts have warned that energy prices will likely stay painfully high.
One oil executive in the Dallas Fed survey said the United States needs to raise production by about two million barrels per day in 2023 to balance global supply and demand.
"It is looking unlikely that this will happen," the executive said, "which will result in sustained higher energy prices until the American consumer is pushed into recession."
Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.
Well when the President says he is going to target and eliminate a product then the companies who produce that product are going to make as much profit as possible.
First of all John, you submitted an entire article within a post. That entire article which is mostly based upon a New York Times opinion piece does not address what you said, which was "The oil companies are not drilling because they like the high prices"
Not one word of it speaks to price gauging by oil companies.
I can forgive you for posting an entire article in a post, however would you like to try again to give us evidence of your claim?
I just posted three articles that essentially say that the oil companies reluctance to drill is responsible , at least in part, for the high gas prices.
Vic said there was no such information.
So who is right and who is wrong? A respected fact checker says that the Democrats are not to blame, or Vic and Just jim?
Who are you gonna believe, a respected fact checker or random people on Newstalkers who get all their information from dishonest right wing media?
Reading Exxon's woes, they lost (supposedly) $22 billion. Of which $19.3 billion was a write down of value of their natural gas fields. Sounds a bit self inflicted to me..................
You have to figure out some things on your own at some point Vic. I can lead you to the water but I cant make you drink.
Another full article posted, again it still fails to make your point. Investors demand discipline while Biden is in office does not equal price gauging. Would you invest billions in drilling with a green energy zealot in the White House, who could change policy at any moment?
You made a claim that you can't back up. It's nothing more than Biden's talking points. You know you can't run him again in 2024, don't you?
It's what the "Big Guy" said...you can believe that.
We are discussing who is responsible for high gas prices. The oil companies are mainly responsible because they are withholding drilling in order to maximize profits.
That outrageous claim has yet to be proven
Im already tired of going in circles with you. I just posted three articles that make the case. You evidently thought there were none.
Why doesn't Joe Biden make it easy for them to drill?
If you want to justify the oil companies not drilling enough because they want to return the best possible return to their stockholders, go ahead and do that. Its a free country. Just stop blaming Biden.
None of them back your claim that oil companies weren't drilling to make more money.
You'll have to try again.
You haven't proved that.
oil companies are keeping production flat
not Joe Biden, oil companies. We're done here.
As I recall Hannity said it best, just last night:
On the campaign trail, it was your candidate Joe Biden vowing to end fossil fuels. This was the predicable result. During his very first week in office, he banned the drilling in ANWR [Arctic National Wild Refuge]. We have such vast resources. We could have cheap energy for every American. He banned new exploration and auctions on federal land. He killed the Keystone XL pipeline.
The Alberta premier [Jason Kenney] said if they finished it, it would be done by now. We would have 900,000 barrels of oil a day flowing into this country from Canada. Last month the Biden administration paused all new leases on oil and gas because of climate change. What a surprise, U.S. oil and gas prices are predictably higher than ever.
In fact, costs have been rising every single month since Joe Biden took office. Vladimir Putin did not cause that. Joe Biden, New Green Deal radical socialism caused it. According to him, Vladimir Putin and COVID-19 are to blame for his woes. If it’s COVID, why didn’t it happen under Trump?
All the best. Enjoy the day.
That closes another one.
You wanted evidence, I gave you evidence, from Bloomberg, MSN, and the Guardian.
Yet the US economy is growing at the highest rate in forty years, unemployment is down and wages are up. Our home equities and retirement accounts are through the roof and corporate profits have never been higher...
It's unbelievable how many times this needs to be explained to people.
Prove that Joe Biden is responsible for inflation.
No babbling, proof.
You [deleted] tells people every day "prove it". Sometimes many times every day. So prove that Joe Biden is responsible for inflation. Dont be lazy.
You're asking the impossible. What they are expressing is their "feelings" that he's responsible. It's not much different than "feeling" Trump was responsible for tens of thousands of Covid deaths because of his lies, but much harder to present any direct evidence even though there is a far greater correlation between his lies and the deaths than there is between Biden and inflation. But in right wing conservative minds Biden is the anti-Christ (because he beat their malignant misfit Messiah in the election) so anything he does or doesn't do is spun into an attack. Even if Biden miraculously waved his hand and stopped inflation in its tracks they would either call him an evil demon using black magic or find a way to give the credit to Republicans for the turn around.
"Never argue with an idiot. You’ll never convince the idiot that you’re correct, and bystanders won’t be able to tell who’s who." - Mark Twain
Well I agree with that, but the alternative is to just let them run wild. I dont agree with that. Given trolling is allowed here (unless and until it is flagged, and then the mod agrees it is trolling , which is iffy) I dont see what choice there is but to engage them as best we can.
To paraphrase Mark Twain:
"Suppose you were an idiot. And suppose you were a Republican member of Congress. But I repeat myself."
That statement is only partially true. Those who are incapable of understanding how the economy works and what actually causes inflation, which is clearly a large number of mostly right wing conservative Americans, blame the current administration because it's easier for them to simply throw blame than to get educated.
Oil companies are for profit; just like every other corporation or business.
What did Biden do as soon as he took office? He ratcheted up environmental regulations and set a much higher standard on the release of methane on wells. He also placed restrictions on where oil companies can drill. While he says he is going to drop regulations and ease constraints; until he rescinds those EO's it is nothing but hot air. Environmentalists should be all for putting a cap on his mouth.
You will notice that he hasn't sat down with a single oil company CEO and asked why they aren't increasing production. That is because he is not interested in knowing the answer. He will continue to paint the oil companies as the villains; while keeping every single one of his EO's in place.
Democrats again calling those that don't toe the party line stupid. A reoccurring award winning strategy. Hillary is so proud! Now all you need is a catchy slur to call them! People who "vote their pocketbook" are a damn site smarter than the woke fringe left and Democrats.
Clock is ticking to mid terms. Time for the Democrats to pay the piper.
Not at all, I'm unhappy about the current inflation rate. I just happen to know the President has very little control over it and would be happening now regardless of who is in the oval office as we come out of a global pandemic and near financial collapse had the government not bailed out the economy with multiple rounds of relief packages. There was the $8.3 billion 'Coronavirus Preparedness and Response Supplemental Appropriations Act' and the $2.2 trillion dollar 'CARES' Act in March of 2020 which was one of the few things Trump did right, though only at the urging of the House democrats who were in the majority and writing the bailout bills. Trump whined and didn't want to sign several of them, but clearly his staff got the petulant child to give up on his destructive behavior long enough to sign some necessary legislation.
Here is the list of relief Trump signed:
You can't give out nearly $6 trillion in bailouts and not expect inflation to soon follow.
Again, I'm not complaining about the bailouts, they were necessary and saved the US economy. I'm just saying the attempt by clearly partisan conservative whiners to blame Biden for the current inflation is completely dishonest, but also expected considering the source.
Another prime reason for the inflation is tied to supply chain issues and the increased cost of producing goods.
" Inflation is measured by the Consumer Price Index. Some suggest it is understated and that the rate is actually much higher. But that’s a debate for another time. At issue is how much it is rising and why.
The Producer Price Index measures the rate of inflation for producers. Normally, PPI is below CPI. In fact, over the past 10 years, CPI has been higher than PPI 60% of the time. Even when PPI rose at a faster rate than CPI, the difference was minimal. This is not the case today as PPI is much higher than CPI. In short, production costs are rising at a much faster rate than consumer prices.
To explain, when producers are forced to pay more to produce their goods, as they are now, they have two choices. They can absorb the additional costs, which reduces profits; or pass these additional costs on to consumers ."
" The supply chain issue lies at the heart of the recent rise in the cost of living. Because the world is dealing with a global pandemic, many countries have sporadically shut down portions of their economy. Even when economies are fully open, there is often a shortage of workers, which leads to a shortage of products."
"Everyone" isn't getting it wrong, only dip shit partisans who are more interested in sabotaging the Biden administration and are looking for excuses to explain their irrational outrage towards Democrats appear to be getting it wrong.
A survey of oil company executives clearly states that "regulations" are not the cause of higher oil prices.
What oil executive did you speak to for this bs?
[Deleted]
[The link was provided earlier in the thread.]
Thank you President Trump for the beginning of that recovery, in which Brandon is only riding the wave, but actually making it worse with inflation, high prices, etc.
There is a link there a few comments above that. I will let you find it yourself. The hunt may keep you out of mischief.
[Deleted]
The thing some people seem to gloss over is inflation is worldwide. It is not just here in the states.
The thing is, I wouldn't be able to blame trump for inflation any more than I would Biden.
People thinking that if we had another in the WH and things would be different are just singing a pipe dream.
President Biden: "To everyone celebrating Transgender Day of Visibility, I want you to know that your president sees you. Jill, Kamala, Doug, our entire administration sees you for who you are, made in the image of God and deserving of dignity, respect, and support."
Our radical-in-chief
What exactly is radical about the quote?
Seeing everyone as deserving of dignity, respect and support is considered "radical" by most reactionary extremists.
States fight Biden’s prison-to-streets pipeline for illegal immigrant convicts
"The Biden administration has allowed a more than eleven-fold increase in the number of illegal immigrant offenders let out of Texas prisons and into the general U.S. population, despite federal immigration law requiring ICE to take convicts into custody after serving their time, usually in advance of deportation."
#JustTheNews
Sounds like Biden is failing to do his job. Not that we're surprised.
He is serving a small percentage of the country. A radical fringe group.
How small of a percentage is a radical fringe group? 5%, 10%, 20%?
IMO anything more than 2 standard deviations out in a normal curve. A little less than 2.5 % on either end. But they are so vocal and the moderates of both parties are so afraid of them people think there are many more of them then there actually are.
I don't think people are necessarily afraid of them. More so they are so loud they drown everyone else out and tend to get headlines.
I agree there is some of that also. I will also say the media is somewhat complicit because they like to focus on the fringe people and try to sell them as the face of the party. But it seems to me too many of the establishment are not forceful enough in saying people on the fringe do not represent the party. It might not be that they are afraid of the people as much as afraid of not showing a unified front but I don't believe that is a winning strategy for centrist or independent voters. I have heard people on both sides do it a few times but very few.
True. The media likes sensationalism.
BREAKING: Psaki to leave White House for MSNBC
http:// hill.cm/SKcC2pf
Where she'll get lots of love!
She hasn’t been working for msnbc?
It's hard to tell, isn't it?
Is that a whataboutism question? It sure as hell begs for a whataboutism answer.
Maybe she needs more money.
Trump press secretaries went to Fox, and Newsmax or OAN I believe. I think Sean Spicer worked for Newsmax for a while, or maybe still does. Thats a lot more troubling than MSNBC.
Remember, John, many, if not most, reactionary yahoos dwell in an Orwellian world of alternative facts. For them, the message from right wing propaganda outlets like Fox, OAN and Newsmax is like mana from their Putinite heaven.
CBS just hired Trumps former chief of staff Mick Mulvaney as a paid on-air contributor.
Clearly he's got a lot of insight into Trump and the conservative party since he was almost prescient in his political predictions, like this op-ed he wrote during the 2020 election:
"If He Loses, Trump Will Concede Gracefully. He’ll fight hard to make sure the results are fair, and in the end he’ll accept the result whatever it is." - Mick Mulvaney
She has shown them she is well qualified to have a show on MSNBC. She is very comfortable spinning the truth or out and out lying. Maybe she is being groomed for Rachels 8 or 9 o'clock show.
Let's think about what Biden's handlers are facing. Imagine having a President with a 38% approval rating and a Vice President with a 28% approval rating and all of it with 99% of the media on their side? That's an odd spot to be in. How can they turn it around?
Lets see.....
25th Amendment? That would be a long, drawn out process that would have to be run at least 3 times.
Resignation? That would be the quickest and still leave them with what little dignity they have.
Vote of No Confidence?
How about using a play from the Democrats book - investigation after investigation then impeach? I think the difference would be there would actually be impeachable offenses
FOX is 1% of the media? Were there not articles seeded this week about FOX being numero uno for the past multiple years?
Conservatives love to imagine they're the tiny righteous David fighting the giant evil Goliath so they can't help but exaggerate as they play the victim card.
Among cable news networks Fox is #1. Above other cable news networks CNN, MSNBC, etc.
Does that explain it for you?
So "99% of the media" is on the Biden administrations "side", but Fox News that bashes Biden daily is the #1 news media with the largest number of regular viewers...
How exactly does that make any fucking sense?
It doesn't but par for the course when it come to Ronin's commentary.
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