Americans Will Never Forget The Historic Economic Collapse During Joe Biden’s Presidency

What did Carter do? Or what could he have done that he didnt, to bring them all home alive? Why did he get the blame for that...????
Carter was criticized for not taking strong military action against Iran……Bomb, Bomb, Bomb….Bomb, Bomb Iran

Doing so would have resulted in the deaths of hostages

As it is, Carter got them home safely
Took over a year, but they were all alive
 
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Yea….Reagan was President for like two minutes

He was very helpful with his Iran Contra Deal…….shipping arms to Iran

And you think Carter was bad
Yep. He did more in his two minutes than Carter did in his four years. At least after Biden, Carter doesn't have to worry about being the worst president anymore.
 

Americans Will Never Forget The Historic Economic Collapse​

During Joe Biden’s Presidency​

4 Jun 2022 ~~ By Michael Snyder

We have faced a lot of significant challenges in modern American history, but nobody will ever forget the economic horror that is breaking loose during Joe Biden’s time in the White House.
For years, we were warned that the policies that our leaders were pursuing would destroy the value of our currency and unleash rampant inflation.

Now it has happened.
For years, we were warned of a looming global energy crisis that would inevitably hit us.
Now it is here.
But what we have been through already is just the beginning. The shortages that we are experiencing now will get worse. Many of the ridiculously high prices that we are seeing now will seem like bargains by the end of the year. And right now the U.S. economy appears to be rapidly slowing down at the exact same moment that economies all over the globe are moving in the wrong direction. The CEO of Goldman Sachs just told us that “there’s going to be tougher economic times ahead”, and he is not exaggerating one bit.
On Thursday, the average price of a gallon of gasoline in the United States reached yet another brand new all-time record high
If Americans don’t like paying about five bucks a gallon, how are they going to feel when it takes about 10 bucks to buy a gallon of gas?

Fortunately, we did just get a bit of good news that should provide some temporary relief
Unfortunately, this isn’t really going to change the trajectory of where we are heading.
In fact, one energy expert says that this is essentially just a symbolic gesture
What we really need are long-term solutions, and there aren’t any on the horizon.
And the truth is that we aren’t just facing an oil crisis. At this stage, the balance between supply and demand has reached a crisis point for all traditional forms of energy simultaneously
~Snip~
Speaking of shortages, the baby formula shortage in the United States is now worse than ever
In case you didn’t get the point of what The Biden administration made a really big deal out of the fact that they were flying in baby formula from Europe, but once again that turned out to mostly be a symbolic gesture. He was saying, “large supply gaps” is a politically correct way of saying “widespread shortages”.


Commentary:
The Biden administration is claiming that this inflation, high gas prices, supply chain shortages and now the Baby Formula shortage. Soon we will be facing basic food shortages because truckers cannot afford to buy fuel for their trucks.
I am a product of the Depression and I remember the shortages that were occurring then but it was not as bad as this imposed Economic Collapse created and designed by the Progressive Maoist/DSA Democrats have given us.
None of what is happening is just "happenstance".
This could all be ended in a few short months if Biden and his cabal would change their position and do everything that is necessary to ensure the free flow of fuel, fertilizer, and food.
Regretfully, Biden and his PM/DSA Democrat Commie co-conspirators can be stopped this coming November. Yet the damage they have created will take years to heal. Unless they are stopped this coming decade is going to dwarf the Great Depression created by Roosevelt. For the same basic reason. Roosevelt was an economics idiot. He let all kinds of crazies set policy, and we know what happened. Biden the same, only worse.
WWII is what brought America out of the Depression, Democrats are making sure that war will not interfere with their destruction of America.




:
Everything you say here is wrong.
 
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We Boomers remember the massive inflation under that bozo Carter.

Our children will remember how fucked up things were when Joe Potatohead stole the election.
Remember Ford?
 

Americans Will Never Forget The Historic Economic Collapse​

During Joe Biden’s Presidency​

4 Jun 2022 ~~ By Michael Snyder

We have faced a lot of significant challenges in modern American history, but nobody will ever forget the economic horror that is breaking loose during Joe Biden’s time in the White House.
For years, we were warned that the policies that our leaders were pursuing would destroy the value of our currency and unleash rampant inflation.

Now it has happened.
For years, we were warned of a looming global energy crisis that would inevitably hit us.
Now it is here.
But what we have been through already is just the beginning. The shortages that we are experiencing now will get worse. Many of the ridiculously high prices that we are seeing now will seem like bargains by the end of the year. And right now the U.S. economy appears to be rapidly slowing down at the exact same moment that economies all over the globe are moving in the wrong direction. The CEO of Goldman Sachs just told us that “there’s going to be tougher economic times ahead”, and he is not exaggerating one bit.
On Thursday, the average price of a gallon of gasoline in the United States reached yet another brand new all-time record high
If Americans don’t like paying about five bucks a gallon, how are they going to feel when it takes about 10 bucks to buy a gallon of gas?

Fortunately, we did just get a bit of good news that should provide some temporary relief
Unfortunately, this isn’t really going to change the trajectory of where we are heading.
In fact, one energy expert says that this is essentially just a symbolic gesture
What we really need are long-term solutions, and there aren’t any on the horizon.
And the truth is that we aren’t just facing an oil crisis. At this stage, the balance between supply and demand has reached a crisis point for all traditional forms of energy simultaneously
~Snip~
Speaking of shortages, the baby formula shortage in the United States is now worse than ever
In case you didn’t get the point of what The Biden administration made a really big deal out of the fact that they were flying in baby formula from Europe, but once again that turned out to mostly be a symbolic gesture. He was saying, “large supply gaps” is a politically correct way of saying “widespread shortages”.


Commentary:
The Biden administration is claiming that this inflation, high gas prices, supply chain shortages and now the Baby Formula shortage. Soon we will be facing basic food shortages because truckers cannot afford to buy fuel for their trucks.
I am a product of the Depression and I remember the shortages that were occurring then but it was not as bad as this imposed Economic Collapse created and designed by the Progressive Maoist/DSA Democrats have given us.
None of what is happening is just "happenstance".
This could all be ended in a few short months if Biden and his cabal would change their position and do everything that is necessary to ensure the free flow of fuel, fertilizer, and food.
Regretfully, Biden and his PM/DSA Democrat Commie co-conspirators can be stopped this coming November. Yet the damage they have created will take years to heal. Unless they are stopped this coming decade is going to dwarf the Great Depression created by Roosevelt. For the same basic reason. Roosevelt was an economics idiot. He let all kinds of crazies set policy, and we know what happened. Biden the same, only worse.
WWII is what brought America out of the Depression, Democrats are making sure that war will not interfere with their destruction of America.




:
But you're working aren't you? Unemployment is low. We're just dealing with high inflation. It affects everyone different. For example, how far is your commute to work? How much do you make? How many kids do you have? And how much do you eat?

This was true before high inflation

About 52 percent of private U.S. workers had access to an employer provided defined contribution plan, such as a 401(k), as of March 2020

Do you know how many people without employer provided contribution plans are saving anything for retirement? Hardly any. The only people who do are self employed people who make a lot of money. But if you are the masses, you aren't saving SHIT towards retirement. And this was true under Trump too. So you guys didn't really MAGA. You only gave the masses some crumbs.

Retirement plans also got a boost as contributions by employees, including more than half of Gen-Z workers, increased to an all-time high in the second quarter. Also, fewer savers borrowed from their retirement accounts, keeping more of their money invested in the market as it rallied.
 
Remember Ford?
I remember

1. Reagan had to spend his way out of Carter's recession. And grow government not shrink it. And be the first to add more debt than all the presidents before him.

2. Bush 1 had a shitty economy and he invented NAFTA

3. Bush 2 caused the Greatest Recession since the Great Depression

4. And Trump screwed up how he handled the pandemic. He showed us why he's not fit to serve. Even if he was .001% better than Obama on the economy.
 

Americans Will Never Forget The Historic Economic Collapse​

During Joe Biden’s Presidency​

4 Jun 2022 ~~ By Michael Snyder

We have faced a lot of significant challenges in modern American history, but nobody will ever forget the economic horror that is breaking loose during Joe Biden’s time in the White House.
For years, we were warned that the policies that our leaders were pursuing would destroy the value of our currency and unleash rampant inflation.

Now it has happened.
For years, we were warned of a looming global energy crisis that would inevitably hit us.
Now it is here.
But what we have been through already is just the beginning. The shortages that we are experiencing now will get worse. Many of the ridiculously high prices that we are seeing now will seem like bargains by the end of the year. And right now the U.S. economy appears to be rapidly slowing down at the exact same moment that economies all over the globe are moving in the wrong direction. The CEO of Goldman Sachs just told us that “there’s going to be tougher economic times ahead”, and he is not exaggerating one bit.
On Thursday, the average price of a gallon of gasoline in the United States reached yet another brand new all-time record high
If Americans don’t like paying about five bucks a gallon, how are they going to feel when it takes about 10 bucks to buy a gallon of gas?

Fortunately, we did just get a bit of good news that should provide some temporary relief
Unfortunately, this isn’t really going to change the trajectory of where we are heading.
In fact, one energy expert says that this is essentially just a symbolic gesture
What we really need are long-term solutions, and there aren’t any on the horizon.
And the truth is that we aren’t just facing an oil crisis. At this stage, the balance between supply and demand has reached a crisis point for all traditional forms of energy simultaneously
~Snip~
Speaking of shortages, the baby formula shortage in the United States is now worse than ever
In case you didn’t get the point of what The Biden administration made a really big deal out of the fact that they were flying in baby formula from Europe, but once again that turned out to mostly be a symbolic gesture. He was saying, “large supply gaps” is a politically correct way of saying “widespread shortages”.


Commentary:
The Biden administration is claiming that this inflation, high gas prices, supply chain shortages and now the Baby Formula shortage. Soon we will be facing basic food shortages because truckers cannot afford to buy fuel for their trucks.
I am a product of the Depression and I remember the shortages that were occurring then but it was not as bad as this imposed Economic Collapse created and designed by the Progressive Maoist/DSA Democrats have given us.
None of what is happening is just "happenstance".
This could all be ended in a few short months if Biden and his cabal would change their position and do everything that is necessary to ensure the free flow of fuel, fertilizer, and food.
Regretfully, Biden and his PM/DSA Democrat Commie co-conspirators can be stopped this coming November. Yet the damage they have created will take years to heal. Unless they are stopped this coming decade is going to dwarf the Great Depression created by Roosevelt. For the same basic reason. Roosevelt was an economics idiot. He let all kinds of crazies set policy, and we know what happened. Biden the same, only worse.
WWII is what brought America out of the Depression, Democrats are making sure that war will not interfere with their destruction of America.




:
This must be why Republicans mostly give away money to the rich. It doesn't cause as much inflation. Only crumbs reach the masses. If Trump's tax break was such a windfall for all of us, how come it didn't cause inflation?

So now I get it. I thought Biden was doing a great thing by only giving the money to people who need it. Instead of a tax break for billionaires and corporations, he gave it right to the people. BAD IDEA! Because the corporations will just raise their prices to eat up that money. And don't raise minimum wage because that too will raise the cost of everything.

I give up. It's every man for himself. If you can't afford to pay for food, then you're on your own. Don't expect Republicans to fix it. Corporations control both parties and us.

Even with high inflation this economy is still working for me. I still make more than enough and my stocks will come back.

One good step was to raise home interest rates to 6%. 3% was too low.
 
I remember

1. Reagan had to spend his way out of Carter's recession. And grow government not shrink it. And be the first to add more debt than all the presidents before him.

2. Bush 1 had a shitty economy and he invented NAFTA

3. Bush 2 caused the Greatest Recession since the Great Depression

4. And Trump screwed up how he handled the pandemic. He showed us why he's not fit to serve. Even if he was .001% better than Obama on the economy.
‘The worst thing about the George W Bush administration is that it never ended.’ @caitoz. It continues today.

In the words of Dubya:
‘fool me once, shame on — shame on you. Fool me — you can't get fooled again.”’ GWB
 
‘The worst thing about the George W Bush administration is that it never ended.’ @caitoz. It continues today.

In the words of Dubya:
‘fool me once, shame on — shame on you. Fool me — you can't get fooled again.”’ GWB
rightwinger does your thumbs up mean you now finally realize O was no different from W?
Or did you misunderstand my post?
 

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