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Joey Biden's gas lines and inflation
Joey Biden's gas lines and inflation
President Joey Biden has brought back some of the less desired features, gas lines and high inflation, of one of his predecessors, President Jimmy Carter. It's almost like history is repeating itself, except Joey Biden won't have the option to build houses for decades to rehabilitate his image after his reign of incompetence ends. His best hope is that he's remembered as the guy that replaced the rude tweeter.
Joey is getting credit for the vaccine development and vaccine distribution, simply because he's in the seat, much like another predecessor, President Ronald Reagan, received credit for the hostage release. Vaccine readiness was announced almost immediately after the election, and Joey's team has adopted his immediate predecessor's plan to distribute the vaccine to private pharmacies after Joey's plan of mass vaccination sites proved unpopular.
This isn't a defense of Joey's predecessor. I'm looking at Joey, and I'm asking to prove me wrong WITHOUT mentioning the last guy.
Joey is getting credit for the vaccine development and vaccine distribution, simply because he's in the seat, much like another predecessor, President Ronald Reagan, received credit for the hostage release. Vaccine readiness was announced almost immediately after the election, and Joey's team has adopted his immediate predecessor's plan to distribute the vaccine to private pharmacies after Joey's plan of mass vaccination sites proved unpopular.
This isn't a defense of Joey's predecessor. I'm looking at Joey, and I'm asking to prove me wrong WITHOUT mentioning the last guy.
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
Re: Joey Biden's gas lines and inflation
But, but, but......according to ABC News, everything is peaches and cream.
This being their top headline this morning: "UN raises global economic forecast to 5.4% growth in 2021," the sub-headline being "The United Nations has responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% for 2021"
https://abcnews.go.com/US/wireStory/rai ... 1-77638593
This being their top headline this morning: "UN raises global economic forecast to 5.4% growth in 2021," the sub-headline being "The United Nations has responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% for 2021"
https://abcnews.go.com/US/wireStory/rai ... 1-77638593
Re: Joey Biden's gas lines and inflation
Sell the fear boys, sell the fear...
“Blessed are those who are righteous in his name.”
― Matt
Posting Content © 2024 TC Talks Holdings LP.
― Matt
Posting Content © 2024 TC Talks Holdings LP.
Re: Joey Biden's gas lines and inflation
People are panic buying gas because of the pipeline situation. The pipeline situation coupled with a major rise in demand as the pandemic wains and all that shutdown production isn’t ramped up is causing price pressures that raise the price of fuel. Supply and demand. Demand is currently outstripping supply. That’s got nothing to do with Biden.Matt wrote: ↑Wed May 12, 2021 9:18 amPresident Joey Biden has brought back some of the less desired features, gas lines and high inflation, of one of his predecessors, President Jimmy Carter. It's almost like history is repeating itself, except Joey Biden won't have the option to build houses for decades to rehabilitate his image after his reign of incompetence ends. His best hope is that he's remembered as the guy that replaced the rude tweeter.
Joey is getting credit for the vaccine development and vaccine distribution, simply because he's in the seat, much like another predecessor, President Ronald Reagan, received credit for the hostage release. Vaccine readiness was announced almost immediately after the election, and Joey's team has adopted his immediate predecessor's plan to distribute the vaccine to private pharmacies after Joey's plan of mass vaccination sites proved unpopular.
This isn't a defense of Joey's predecessor. I'm looking at Joey, and I'm asking to prove me wrong WITHOUT mentioning the last guy.
Inflation is tepid right now and forecast to remain so as far as the eye can see. I didn’t even have to mention the last guy to shred your bullshit arguments. I barely even had to mention Joey.
His rather high approval ratings speak to how wrong you are.
Re: Joey Biden's gas lines and inflation
The good news is that it is much more difficult for most people to hoard large quantities of gasoline than it is, say, toilet paper.
Re: Joey Biden's gas lines and inflation
With his massive spending sprees, Biden's working overtime to 'fix' that one so he can out-do the Jimmy Carter years!Rate This wrote: ↑Wed May 12, 2021 9:48 am...Inflation is tepid right now and forecast to remain so as far as the eye can see. I didn’t even have to mention the last guy to shred your bullshit arguments. I barely even had to mention Joey.
His rather high approval ratings speak to how wrong you are.
Re: Joey Biden's gas lines and inflation
It sounds like ABC News is subtly making the Jimmy/Joey comparison.
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
Re: Joey Biden's gas lines and inflation
The infrastructure bill will be paid for through tax increases on those making $400,000 or more a year as well as a 3% hike in the corporate tax rate. The conditions now are nothing like the 1970’s.km1125 wrote: ↑Wed May 12, 2021 11:37 amWith his massive spending sprees, Biden's working overtime to 'fix' that one so he can out-do the Jimmy Carter years!Rate This wrote: ↑Wed May 12, 2021 9:48 am...Inflation is tepid right now and forecast to remain so as far as the eye can see. I didn’t even have to mention the last guy to shred your bullshit arguments. I barely even had to mention Joey.
His rather high approval ratings speak to how wrong you are.
Re: Joey Biden's gas lines and inflation
Who are you trying to kid? We're over $28,000,000,000,000.00 in debt. That's like if I as a consumer have $100,000 in credit card bills and I say that I'm going to pay for a new TV with my 25 cent raise at work.
Re: Joey Biden's gas lines and inflation
Yes and there is no evidence that it’s going to drag us down. What’s more it’s numbers on a computer somewhere and it can be reset to 0 at any time. Relax. Besides, if they reset it China goes bye bye.
Re: Joey Biden's gas lines and inflation
Donald Trump was and is the best president this country has ever had. And he will return to glory as our leader again.
- MWmetalhead
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Re: Joey Biden's gas lines and inflation
A decent chunk of the inflationary concerns relate to spending and policy decisions made by the prior administration coupled with worldwide supply chain disruption due to labor constraints. I'm not ready to pin this on Biden...yet.
Policy wise, he has certainly enacted or proposed a number of things that I dislike. The massive capital gains tax hike he supports is a very bad idea.
As far as the national debt is concerned, the recent rate of growth of our national debt is worrisome. Just looking at the debt number in isolation does not present the full picture. GDP growth and the Debt-to-GDP ratio both need to be considered, too. Much like a blue chip stock's P/E ratio, national economies that are more robust & developed, whose currency is highly tradable, and whose economies have better long-term growth prospects can sustain a higher Debt-to-GDP ratio safely than those nations whose economies lack such characteristics.
Lenders lost billions upon billons of dollars due to oil & gas company bankruptcies from 2015 through 2018 and then again last year due to COVID. Those losses are making lenders somewhat gun shy (very understandably) to committing large lines of credit to oil & gas exploration and production companies to support new drilling. Sub-$50 per bbl oil and sub-$2.50 per Mcf natural gas prices, when persisting over extended periods of time, make it difficult for all participants in the supply chain to operate profitably.
Sub-$2 per gallon gasoline was great for all of us consumers, but those prices were a sign of an unhealthy petroleum industry.
Best thing Biden can do is to encourage increased labor force participation and encourage open markets.
Reasonable inflation is a GOOD thing. Interest rates have been far too low for too long, have caused equity markets to become overheated, and non-financial savvy households have perhaps not been savings at rates they should due to pathetically low depository interest rates.
Policy wise, he has certainly enacted or proposed a number of things that I dislike. The massive capital gains tax hike he supports is a very bad idea.
As far as the national debt is concerned, the recent rate of growth of our national debt is worrisome. Just looking at the debt number in isolation does not present the full picture. GDP growth and the Debt-to-GDP ratio both need to be considered, too. Much like a blue chip stock's P/E ratio, national economies that are more robust & developed, whose currency is highly tradable, and whose economies have better long-term growth prospects can sustain a higher Debt-to-GDP ratio safely than those nations whose economies lack such characteristics.
Lenders lost billions upon billons of dollars due to oil & gas company bankruptcies from 2015 through 2018 and then again last year due to COVID. Those losses are making lenders somewhat gun shy (very understandably) to committing large lines of credit to oil & gas exploration and production companies to support new drilling. Sub-$50 per bbl oil and sub-$2.50 per Mcf natural gas prices, when persisting over extended periods of time, make it difficult for all participants in the supply chain to operate profitably.
Sub-$2 per gallon gasoline was great for all of us consumers, but those prices were a sign of an unhealthy petroleum industry.
Best thing Biden can do is to encourage increased labor force participation and encourage open markets.
Reasonable inflation is a GOOD thing. Interest rates have been far too low for too long, have caused equity markets to become overheated, and non-financial savvy households have perhaps not been savings at rates they should due to pathetically low depository interest rates.
Morgan Wallen is a piece of garbage.
Re: Joey Biden's gas lines and inflation
This is why we needed to accept the Penny Plan!MWmetalhead wrote: ↑Tue May 25, 2021 3:06 pmAs far as the national debt is concerned, the recent rate of growth of our national debt is worrisome.
Donald Trump was and is the best president this country has ever had. And he will return to glory as our leader again.
- MotorCityRadioFreak
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- Location: Warren, MI
Re: Joey Biden's gas lines and inflation
A penny for you to get lost, sign me up!G G wrote: ↑Tue May 25, 2021 3:12 pmThis is why we needed to accept the Penny Plan!MWmetalhead wrote: ↑Tue May 25, 2021 3:06 pmAs far as the national debt is concerned, the recent rate of growth of our national debt is worrisome.
They/them, non-binary and proud.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.