Blame Biden
- Thread starter dirtydaveiii
- Start date
I have no idea what the context is of your post. Frauds tent to post misleading things.
Feel free to provide detailed explanation of what Trump was talking about if you are trying to make some sort of point.
I suspect that he might have been making a joke but am not sure. Or perhaps he meant they were there to defend him from people who would try to hurt him.
Of course, the frauds intentionally try to mis-quote and make you believe otherwise.
Its all happening online right now.
Cassidy Hutchinson, Mark Meadow's assistant, is testifying to congress.
She's being interviewed by GOP Cheney, so its a republican interviewing a republican.
The guardian updates are good.
Trump and Meadows are fucked.
Jan 6 committee hearings: Cheney describes possible witness tampering after ex-aide’s testimony – as it happened
Cassidy Hutchinson says Trump knew his supporters had guns when he urged them to march to the Capitol – follow all the latest news
www.theguardian.com
Well, this post quickly didn't age well. Today, the U.S. Bureau of Economic Analysis reported 2nd quarter GDP contracted. This was the second consecutive quarterly decline. While no official declaration by the government has been made, this is the traditional metric for a U.S. recession..
The U.S. Economy Is Booming. So Why Are Economists Worrying About a Recession?
There is little sign that a recession is imminent. But sky-high demand and supply shortages are testing the economy’s limits.www.nytimes.com
Meanwhile, the New York Times, Washington Post and other liberal media have gone into spin mode basically declaring the second consecutive quarterly decline is not a recession signal in the current environment. As I have said earlier, I don't trust the NYT to report objectively. I certainly would not trust their economic reporting to be objective.
Every recession is different. The triggers are different. However, they are inevitable and there are no magic government policies to avoid them. (Although more than a few knuckleheads here seem to make that case.) In the case of the U.S. easy money and massive government spending no matter how necessary and reasoned led to high inflation and a supply chain that couldn't keep up with demand. The Fed had to take action. Many consumers noticed their wage increases were not keeping up with prices.
The causes for the rampant inflation here and abroad have been discussed here ad nauseam. The cliche "there's no free lunch" certainly applies. Spending and printing money while paying people to stay home was going to have a cost. Let's hope for a soft landing.
Walmart is overstocked and reducing prices. Hold onto your panties here comes DEFLATION! Biden is a master. Within a few weeks he lowered Canadian gas prices by 60cents oer litre. He got back record jobs and now he fixed inflation so well its going to be deflation. All those loser right wingers cry no matter what. Who cares what his approval rating is the election isn't for 2 more years. Lots of time to prove again and again what an amazing president he is. Donnie took over Obamas best economy ever and ran it into the ground. Biden recovered it at godspeed. These are facts.
Are you okay?
I was just pointing out that due to the ebb and flow of the economy and coming on the heels of massive govt. COVID spending, we are now having a slowdown. Can't change it. Can't cheerlead it away.
Just like Trump is now too old, I think Biden's too old for the position of President.
At least Joe is surrounded by good people. The actual influence of the president is a lot less than people make him out to be. Biden is more of a figurehead, a representation that bears responsibility for everything that goes on.
Inflation a world wide problem. Let's keep that in mind. Remember everything was shut down/minimized for the pandemic, many forced retirements, etc. The recovery was too quick for businesses to scale up to match demand, plus China was offline a bit with their 0 covid strategy (given their vaccine sucked vs the pfizer/Moderna vax). The western vax worked very well, although new variants meant it did not stop people from getting covid, but the Vax worked well enough to keep them out of hospital, thus actually rendering it like a normal mild flu.but it allowed people to get back out.
The economic numbers are unusual - small contraction, 2nd straight quarter - but no surge in unemployment that you get w a recession.
Let's see where it goes. Gas has gone down, but oil companies reported record profits...
The economic numbers are unusual - small contraction, 2nd straight quarter - but no surge in unemployment that you get w a recession.
Let's see where it goes. Gas has gone down, but oil companies reported record profits...
Most people don't understand that it actually takes 2-3% of positive GDP growth just to maintain our real income levels (earnings levels net of inflation). That's why ANY degree of negative growth is disastrous enough that 2 consecutive negative quarters warrants the label recession.
And remember that while a few corporations may have higher profits because their volumes are unreduced by inflation:
a) Reported profits have to be discounted by i) any loss of US/Canada currencies against other currencies, and ii) higher borrowing costs associated with their business on a go-forward basis, and iii) the "real" valuation of those profits, taking into account inflation, and
b) Most businesses that have been raising their prices have actually experienced LOWER profits, because of lower volume resulting either from reduced consumer demand at the higher prices and/or supply shortages. Higher prices do not necessarily lead to higher profits.
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The only reason it's global because the first world followed very similar fiscal policies. The real question is why the economy is short of workers? Many reasons there, like workers who simply retired during Covid or like the Pearson employees, simply found better jobs in other sectors. I've seen numbers out of US that suggest that as many as 3 million simply decided not to come back to the work force. Incidentally, in my company, in the busy season, we are almost at a stand still due to post covid run on vacations. Be that as it may, but why the shortage in the public sector? A family member of mine works for an agency affiliated with the provincial government. Her department has 15 people of which 13 are on the "stress leave". Hmm....
This thread is interesting.
Let's really think about this. Could ANYONE ever fix the problems that the Orange Stain unleashed on the nation, which includes his cast of supporting characters? Do you really think that a man pushing 80 is really going to fix such seemingly insurmountable problems? The sad truth is that nobody (no one) can fix all of the problems that the US currently faces. Not Washington. Not Jefferson. Not Lincoln. Not FDR. Not Eisenhower. Not JFK. Not Reagan. Not Clinton. NOBODY!
So, if you are really mad at Biden for any reason, for Christ sake, grow up. Let's see YOU try to fix 1/10 of the problems in that meth lab they call America.....as you are trying to perpetually dodge all of those snakes constantly trying to bite you.....on Twitter and elsewhere.....the US is seriously fucked.....deal with it or shut up!
Let's really think about this. Could ANYONE ever fix the problems that the Orange Stain unleashed on the nation, which includes his cast of supporting characters? Do you really think that a man pushing 80 is really going to fix such seemingly insurmountable problems? The sad truth is that nobody (no one) can fix all of the problems that the US currently faces. Not Washington. Not Jefferson. Not Lincoln. Not FDR. Not Eisenhower. Not JFK. Not Reagan. Not Clinton. NOBODY!
So, if you are really mad at Biden for any reason, for Christ sake, grow up. Let's see YOU try to fix 1/10 of the problems in that meth lab they call America.....as you are trying to perpetually dodge all of those snakes constantly trying to bite you.....on Twitter and elsewhere.....the US is seriously fucked.....deal with it or shut up!
Maybe he is surrounded by good people, but usually self-promoters and ideologues surface around weak leaders. Have you ever worked for a large company where the rationale for a weak leader to be the face was "at least he is surrounded by good people"?
Management by Committee doesn't work. Even if you view POTUS simply as a figurehead, it's far better to have a leader in charge who makes the tough calls. That might simply come down to taking a pragmatic approach given the situation and shutting down dissent from ideologues.
Now if you are an ideologue, none of what I just said will make any sense because you are convinced if Joe just follows the Progressive marching orders everything will be great. I assure you running the United States is far more complicated than that.
Ah, the demolition derby theory of economics. Just drive, because you're going to smash the car up anyways!
Just remember that demolition derbies only operate that way because the fans pay admission that ultimately fund all the repairs!
No. But, that's how the threads get derailed by the TDS sufferers. Silly, because there are literally hundreds of the TDS threads where you can express yourself properly and to your satisfaction.
I think you are referring to the American Way: Just throw money at it and it will all go away.....
Not this time.....
I am going to invent a new disorder (since everyone else is): I call it "Biden Bullshit Disorder" (BBS). It is suffered by those who have gone so far up their own assholes that they hate anyone who is not their Dear Leader....
There is treatment for BBS: It's called Reality (TM). Ask your doctor if "Reality" is right for you!
Side-effects include: Not watching "Der Sturmer"-like programming all day. No longer being a Nazi-sympathizer. Being less racist. Loving women's rights more.
Someone could start though? For real. And for the record FDR saw the USA through a worse time. And they came out into a postwar boom as a result.
