Is Biden really that bad?

Status
Not open for further replies.
Highway61

Highway61

Well-Known Member
I'm old enough to remember how bad inflation was during the Reagan administration. We sorted it out then and will do so again. Too bad the GOP worked so hard to destroy unions during that time, though. And the whole economy was a disaster in those days. But, I guess, lower wages and high unemployment is good for inflation. The reverse of what we have now. Higher wages, booming economy. And I certainly hope the GOP does not turn our environmental regulations over to the oil companies like they turned over our banking regulations over to the bankers before the 2007 great recession.
 
cannabineer

cannabineer

Ursus marijanus
Highway61 said:
I'm old enough to remember how bad inflation was during the Reagan administration. We sorted it out then and will do so again. Too bad the GOP worked so hard to destroy unions during that time, though. And the whole economy was a disaster in those days. But, I guess, lower wages and high unemployment is good for inflation. The reverse of what we have now. Higher wages, booming economy. And I certainly hope the GOP does not turn our environmental regulations over to the oil companies like they turned over our banking regulations over to the bankers before the 2007 great recession.
Click to expand...
Gutting environmental regulations is their plainly-stated goal. They are anti-business, like taxes and Medicare and voting rights and
 
Highway61

Highway61

Well-Known Member
As far as I can tell, the main inflation fighting tools for the GOP are to "drill baby drill", open up more mining and drilling on public lands, and eliminate air and water regulations. Sooner or later that short sightedness will come back to haunt us. We really need to talk about who is going to pay for the seawalls around red states and how those expenses are tied closely to the GOP's current inflation "fighting" plan. Just cuz red state politicians say that climate change is a hoax doesn't make it so. Huge federal bailouts are going to be needed in Florida and other coastal areas. More deficit spending is inevitable and in light of the oversized role Florida plays in electoral politics, the rest of us are going to subsidize Florida property values and infrastructure.
 
cannabineer

cannabineer

Ursus marijanus
Highway61 said:
As far as I can tell, the main inflation fighting tools for the GOP are to "drill baby drill", open up more mining and drilling on public lands, and eliminate air and water regulations. Sooner or later that short sightedness will come back to haunt us. We really need to talk about who is going to pay for the seawalls around red states and how those expenses are tied closely to the GOP's current inflation "fighting" plan. Just cuz red state politicians say that climate change is a hoax doesn't make it so. Huge federal bailouts are going to be needed in Florida and other coastal areas. More deficit spending is inevitable and in light of the oversized role Florida plays in electoral politics, the rest of us are going to subsidize Florida property values and infrastructure.
Click to expand...
don’t forget “shoring up” Social Security by reducing disbursements.
 
S

schuylaar

Well-Known Member
Highway61 said:
As far as I can tell, the main inflation fighting tools for the GOP are to "drill baby drill", open up more mining and drilling on public lands, and eliminate air and water regulations. Sooner or later that short sightedness will come back to haunt us. We really need to talk about who is going to pay for the seawalls around red states and how those expenses are tied closely to the GOP's current inflation "fighting" plan. Just cuz red state politicians say that climate change is a hoax doesn't make it so. Huge federal bailouts are going to be needed in Florida and other coastal areas. More deficit spending is inevitable and in light of the oversized role Florida plays in electoral politics, the rest of us are going to subsidize Florida property values and infrastructure.
Click to expand...
It's sooner.
 
S

schuylaar

Well-Known Member
DoubleAtotheRON said:
Damn!... Argentina and Turkey?... it that right??? I guess it is!.. wow.

View attachment 5215883
Click to expand...
Told ya..these fat MAAgATS don't know how good they have it..don't want to pay $4 gallon for their F150 tractor-trailers (all with no exhaust for maximum annoyance)? SELL IT!

Time to shut your pie holes and READ!

Trump broke the world with inaction on Pandemic..Supply Chain Issues were left to Biden but Trump started with..remember?..waaaaaaaaayback when?

His brain-child..

The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products, which is equivalent to one of the largest tax increases in decades. Based on 2021 import levels and country exemptions, the tariffs amounted to a $52.6 billion tax increase in 2021.

https://taxfoundation.org/tariffs-trump-trade-war/#:~:text=The Trump administration imposed nearly,billion tax increase in 2021.
 
Last edited:
HGCC

HGCC

Well-Known Member
Budley Doright said:
@PadawanWarrior could you please elaborate on which countries reflect this “Other countries also respected us more”.
Click to expand...
It's one of the stupidest fucking lines that comes up. Those world meetings were so embarrassing. Felt like we were that shitty branch of the family that showed up at a wedding wearing t-shirts and everyone had to keep an eye on to make sure we didn't steal gifts.
 
S

schuylaar

Well-Known Member
The October Surprise!:clap:. Thank you, President Biden!

U.S. economy grows in third quarter, reversing a six-month slump


The U.S. economy grew at an annual rate of 2.6 percent in the third quarter, marking its first increase in 2022 and a sharp turnaround after six months of contraction — despite lingering fears that the country is at risk of a recession.

The third-quarter gross domestic product figures, released Thursday by the Bureau of Economic Analysis, provide an upbeat snapshot less than two weeks before midterm elections, in a year that has seen the economy and high inflation become a persistent challenge for Democrats.

“The irony is, we’re seeing the strongest growth of the year when things are actually slowing,” said Diane Swonk, chief economist at KPMG. “There are some real cracks in the foundation. Housing is contracting. The consumer is slowing. GDP is growing, but not for all of the right reasons.”

Better sharpen my pencil; I've got a ballot to complete.
 
Last edited:
Status
Not open for further replies.
Top