Biden Presidency

drayer54

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Lol. Highest credit card debt in three years! Surely it won't come down with the impending recession.

I swear that you have literally never checked how interest rates are tied to the economic cycle. Next thing you know you're going to start telling everyone - BUY GOLD BUY DEFENSIVE STOCKS! CAN'T OWN GROWTH STOCKS IN BIDENS ECONOMY!!!!

Financial literacy needs to be taught in every school. A little homework project for you, go back to every economic cycle and check out what the federal lending rates did when the life cycle was at it's end. Next step, take a peak at other major economies and what they did during those times too. Lastly, let us know if the central banks of these economies are either separate or political institutions. Once you've done that, let me know if you position has changed or you still believe that Brandon is the one behind interest rates rising.
Biden's insane spending drives inflation, Fed checks inflation with rising rates, rates go up, the energy goes up, groceries go up, materials go up, discretionary income goes down, and credit cards get used more. Surging debt under Biden. Yes. The real effect of Biden's several trillion spending sprees is here, and people feel it.
 

jprue24

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Biden's insane spending drives inflation, Fed checks inflation with rising rates, rates go up, the energy goes up, groceries go up, materials go up, discretionary income goes down, and credit cards get used more. Surging debt under Biden. Yes. The real effect of Biden's several trillion spending sprees is here, and people feel it.
Why are you not laying any of this spending/inflation blame on Trump? In one term, he oversaw the 3rd largest increase in deficit spending by any Pres.
 

Irish#1

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Why are you not laying any of this spending/inflation blame on Trump? In one term, he oversaw the 3rd largest increase in deficit spending by any Pres.
Yeah none of this has Joe’s fingerprints on it.
 

TorontoGold

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Biden's insane spending drives inflation, Fed checks inflation with rising rates, rates go up, the energy goes up, groceries go up, materials go up, discretionary income goes down, and credit cards get used more. Surging debt under Biden. Yes. The real effect of Biden's several trillion spending sprees is here, and people feel it.
Ok - so what austerity measures would you have enacted? How would these help to smooth any of the shipping/logistics issues that were present in the past two years? How do you tackle people who stayed home for 2020 and opened up their spending when lockdowns were dropped, how do you curb their spending? Stop people from buying things? In the spending packages, how much of it do you think is unnecessary and how would you tackle supporting the small businesses that were hit hard by the pandemic? What sort of controls would you have in place (assuming your going to take an austerity approach) to stop against a deflationary cycle? How do you control taking a different approach than governments around the world, what is your message to the public and to businesses?

How does an austerity based approach tackle a late stage economic cycle that faces inflationary pressures from supply side pressures. Can you explain your thoughts?
 

drayer54

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Ok - so what austerity measures would you have enacted? How would these help to smooth any of the shipping/logistics issues that were present in the past two years? How do you tackle people who stayed home for 2020 and opened up their spending when lockdowns were dropped, how do you curb their spending? Stop people from buying things? In the spending packages, how much of it do you think is unnecessary and how would you tackle supporting the small businesses that were hit hard by the pandemic? What sort of controls would you have in place (assuming your going to take an austerity approach) to stop against a deflationary cycle? How do you control taking a different approach than governments around the world, what is your message to the public and to businesses?

How does an austerity based approach tackle a late stage economic cycle that faces inflationary pressures from supply side pressures. Can you explain your thoughts?
I’d overheat an already recovering economy with an American Recovery Plan and toss money to private schools, right wing donors, and handouts to demographically right wing categories. Then, once I lied about inflation being transitory despite being caused by my partisan handout bill, I’d push Trillions in infrastructure and say the cost is zero, when it clearly isn’t. Once people can’t afford gas and groceries, I dump another T into an inflation reduction act that requires the Oil and gas industry to hire more people just to figure out how to collect all the free and easy money from the Government as a thanks. Works right?
 

TorontoGold

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I’d overheat an already recovering economy with an American Recovery Plan and toss money to private schools, right wing donors, and handouts to demographically right wing categories. Then, once I lied about inflation being transitory despite being caused by my partisan handout bill, I’d push Trillions in infrastructure and say the cost is zero, when it clearly isn’t. Once people can’t afford gas and groceries, I dump another T into an inflation reduction act that requires the Oil and gas industry to hire more people just to figure out how to collect all the free and easy money from the Government as a thanks. Works right?
I like it, you're a solutions driven guy with lots of original thoughts. Always good to have solutions ready to go whenever you have criticisms. Thank you for providing backup to your criticisms of the Biden admin fiscal policy with what you would do if you could handle the situation.
 

Polish Leppy 22

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View attachment 3052787

Lol. Highest credit card debt in three years! Surely it won't come down with the impending recession.

I swear that you have literally never checked how interest rates are tied to the economic cycle. Next thing you know you're going to start telling everyone - BUY GOLD BUY DEFENSIVE STOCKS! CAN'T OWN GROWTH STOCKS IN BIDENS ECONOMY!!!!

Financial literacy needs to be taught in every school. A little homework project for you, go back to every economic cycle and check out what the federal lending rates did when the life cycle was at it's end. Next step, take a peak at other major economies and what they did during those times too. Lastly, let us know if the central banks of these economies are either separate or political institutions. Once you've done that, let me know if you position has changed or you still believe that Brandon is the one behind interest rates rising.
Not sure about you Canucks, but this would be racist in many US public schools. Pronoun education, masturbation for 4th graders (I'm not being sarcastic here), and critical race theory have been deemed higher priorities.
 

TorontoGold

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Not sure about you Canucks, but this would be racist in many US public schools. Pronoun education, masturbation for 4th graders (I'm not being sarcastic here), and critical race theory have been deemed higher priorities.
If any of that is true, it doesn't excuse Drayer's inability to formulate a coherent thought.
 

Irish#1

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Where did I say that? Are you saying Trump's fingerprints aren't on it or COVID's?

I asked uecker why he is putting it all on Biden.
I just find it funny that when discussing Joe's failings, the response is the classic "what about Trump?" Remember, Trump did no wrong and walked on water. Best and smartest president in history.
 

Irish#1

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And when we do these projects, we're going to Buy American.
Buy American has been the law of the land since 1933. But for too long, past administrations have found ways to get around it.
Not anymore.
Tonight, I’m also announcing new standards to require all construction materials used in federal infrastructure projects to be made in America.
American-made lumber, glass, drywall, fiber optic cables.
And on my watch, American roads, American bridges, and American highways will be made with American products.

These words sounded downright populist. Portions of this speech could have come out of the mouth of former President Donald Trump.
 

drayer54

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If any of that is true, it doesn't excuse Drayer's inability to formulate a coherent thought.
I guess it’s bad when the right does it? You don’t spend Trillions on low return handouts at the taxpayers expense on partisan lines. You can make an argument for the infrastructure bill. Every other dime is an abuse of taxpayer money and a handout. The IRA is the worst and something I now spend lots of time unpacking during my job. It’s a joke.
Biden inherited a rapidly recovering economy with vaccines and a fresh stimulus. He didn’t need to toss in more.
 

ab2cmiller

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Evidently the NY Times transcript showed that he was trying to say "prescription drugs". God bless Biden.
 

ulukinatme

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I don't know about pathetic, but I found it funny how they jumped up to applause while we couldn't understand what he said.


This was pretty cringey too. WTF?



Why the love for China, and why did they vote against keeping China from buying up our farmland?
 

Polish Leppy 22

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Aside from Biden suffering from old age and such, anyone have an idea why his wife thought she could mouth kiss Kamala's husband on national tv?
 

drayer54

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This was pretty cringey too. WTF?



Why the love for China, and why did they vote against keeping China from buying up our farmland?

They should have had white balloons in the gallery.
Aside from Biden suffering from old age and such, anyone have an idea why his wife thought she could mouth kiss Kamala's husband on national tv?
When your family is filing lawsuits to take the stripper baby Biden’s last name away from the baby Hunter had while cheating on his dead brothers widow and that’s the smartest guy Joe knows… kissing ain’t their biggest quirk.
 

jprue24

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I just find it funny that when discussing Joe's failings, the response is the classic "what about Trump?" Remember, Trump did no wrong and walked on water. Best and smartest president in history.
I know you are aware that the economy always transcends a single term of office and I'm not denying that his policy may have exacerbated the inflation rate. It's disingenuous (expected from uecker).
 

drayer54

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Trump didn’t walk on water and shot himself in the foot too many times to count. I don’t want him on the ballot again, but his management of the economy was significantly better than this clown. Energy in particular was much better off, even the renewables grew.
 

jprue24

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Trump didn’t walk on water and shot himself in the foot too many times to count. I don’t want him on the ballot again, but his management of the economy was significantly better than this clown. Energy in particular was much better off, even the renewables grew.
False.
 

jprue24

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If we ever needed a Sixstar term paper this is the time!
I welcome all evidence backing up what uecker said.

Trump shut the government down over his stupid wall and then started it back up again to less than was originally offered. How incompetent do you have to be for that to happen?

I'm sure there was a well researched and nuanced discussion in here back then and I'll stop further litigating Trump's Presidency in Biden's thread.
 

TorontoGold

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I welcome all evidence backing up what uecker said.

Trump shut the government down over his stupid wall and then started it back up again to less than was originally offered. How incompetent do you have to be for that to happen?

I'm sure there was a well researched and nuanced discussion in here back then and I'll stop further litigating Trump's Presidency in Biden's thread.
He can't and no one else will go on to say what they would have done differently or what should have been done in a global economic crisis. Culture war type items are incredibly easy for entry level discussion. Monetary and fiscal policy, which ironically is supposed to be the Conservative speciality, is never discussed. I genuinely want to know what economic principles and theories they want to follow that would have resulted in better outcomes. But, we know they won't so it's just a circlejerk of whatever substack grifter is pushing as culture war of the week lol.

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Irish#1

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After his SoU speech, Joe then goes to a rally in Wisconsin and still tries to sell everyone that the Repubs want to eliminate Social Security.

1675946283268.png
 

drayer54

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He can't and no one else will go on to say what they would have done differently or what should have been done in a global economic crisis. Culture war type items are incredibly easy for entry level discussion. Monetary and fiscal policy, which ironically is supposed to be the Conservative speciality, is never discussed. I genuinely want to know what economic principles and theories they want to follow that would have resulted in better outcomes. But, we know they won't so it's just a circlejerk of whatever substack grifter is pushing as culture war of the week lol.

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I did. I explained that it is dumb to overheat an already surging economy and that you are correct wherever the recovery lags because the government weighed its thumb too hard during the lockdowns. Printing cash for partisan handouts isn't exactly textbook monetary policy, and I don't have a policy team to propose a brief for you. I'm not going to pretend that someone who thinks those that don't subscribe to the line of excuses and left-wing theories is just ignorant culture warriors, so why bother going further?

You and every other ignorant ass on the left are trying to tell everyone that this recovery is good and succeeding in lesser-understood areas, right? We're just too stupid to see how good things are? It's not a substack grifter paying my grocery bills, keeping people from retirement, keeping people from buying houses, and racking up credit card debt for those who are experiencing real wage suppression.


After his SoU speech, Joe then goes to a rally in Wisconsin and still tries to sell everyone that the Repubs want to eliminate Social Security.

View attachment 3052799
Biden doesn't see red states and blue states, remember?
 

TorontoGold

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I did. I explained that it is dumb to overheat an already surging economy and that you are correct wherever the recovery lags because the government weighed its thumb too hard during the lockdowns. Printing cash for partisan handouts isn't exactly textbook monetary policy, and I don't have a policy team to propose a brief for you. I'm not going to pretend that someone who thinks those that don't subscribe to the line of excuses and left-wing theories is just ignorant culture warriors, so why bother going further?

You and every other ignorant ass on the left are trying to tell everyone that this recovery is good and succeeding in lesser-understood areas, right? We're just too stupid to see how good things are? It's not a substack grifter paying my grocery bills, keeping people from retirement, keeping people from buying houses, and racking up credit card debt for those who are experiencing real wage suppression.



Biden doesn't see red states and blue states, remember?


No doubt there was excess in the stimulus, but what would be the acceptable level of what was paid that you don't agree with? If none, how come and how do you stop from a deflationary cycle?

You don't need a policy team, I literally haven't studied macro economics since university 10+ years ago. All I want to see is not "well this is bad because partisan!", politics aside - what would have been better?

I mean, he's not wrong? So many on here don't understand at a fundamental level what happens in an economic life cycle. This recession or future recession is caused by 1) The longest bull market in history ending (has to happen sometime) 2) A pandemic 3) Supply chain issues. Which one of those three did Biden directly influence, and how does the blame get assigned? How did his relief packages directly influence those?

When a recession is about to start inflation will always be highest, and interest rates will rise to combat this. How does a singular country influence this all to happen? Especially when the triggers are global events.
 

ab2cmiller

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Biden was always a SS and Medicare hawk ..... right up until he got elected President.



Excellent article documenting Biden's stance on SS and Medicare was largely consistent prior to him getting elected President. Now he is the champion of SS. I'm in agreement with Biden's stances prior to getting elected. Something needs to be done, but their is absolutely no appetite for this in the general public or in Washington.

 

Bishop2b5

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After his SoU speech, Joe then goes to a rally in Wisconsin and still tries to sell everyone that the Repubs want to eliminate Social Security.

View attachment 3052799
Wow, with such a string of unbridled, astounding successes so far, why would Biden need to trot out that tired old lie about cutting SS? I mean, what's next.... telling people that Republicans hate the poor, want to control women's bodies, or will take Blacks back to slavery days?
 
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