Biden slammed for hosting Inflation Reduction Act celebration with ‘American's 401Ks going down the drain’

[odanny]

You’re a conservative investor…good for you!

My holdings are not necessarily conservative, the reason my portfolio is only down 4% is because I have a lot of battery and lithium investments, which have weathered the downturn. I've also moved half into cash.

 

[otto105]

The following three quotes perfectly describe the blunder in charge we have, please vote responsibly in November!

"With the market crashing and inflation rising, Biden is having a victory party at the White House. He has no clue what’s going on," tweeted Brent Bozell, founder and president of the Media Research Center.

"Inflation’s cranking. Stocks tanking. And Biden & Co. throwing a garden party at the White House. To celebrate what? Crushing your dreams?" snarked Fox News and Fox Business' Dagen McDowell.

Greg Price, senior digital strategist at X Strategies, tweeted, "Will never be able to get over the image of Joe Biden speaking about how he singlehandedly beat inflation as the stock market tanks over 1,200 points on live television due to inflation. An all time moment in the history of American presidents."

https://www.foxnews.com/media/biden-...ing-down-drain

Man, if people would just stop spending money and enjoying our good economy.

Damn, can you post the unemployment claims this week…..?

 

[Papageorgio]

Man, if people would just stop spending money and enjoying our good economy.

Damn, can you post the unemployment claims this week…..?

Difficul to quit spending money, we cancelled our vacation, we no longer go out to dinner, we no longer go out to movies and pretty much have stayed to ourselves. We are able to save but not as much as in 2020 and our out go for food, clothing, fuel, electric and other necessities are up. I am seeing some good in the economy but interest rates are still going up and inflation will probably continue into the second quarter of next year. I’m still believing it will get worse before it gets better. Biden has little to do with the economy, however he is graded on it by the American people.

Funny how people view the economy depending which party they support and neither side is very accurate.

 

[otto105]

Difficul to quit spending money, we cancelled our vacation, we no longer go out to dinner, we no longer go out to movies and pretty much have stayed to ourselves. We are able to save but not as much as in 2020 and our out go for food, clothing, fuel, electric and other necessities are up. I am seeing some good in the economy but interest rates are still going up and inflation will probably continue into the second quarter of next year. I’m still believing it will get worse before it gets better. Biden has little to do with the economy, however he is graded on it by the American people.

Funny how people view the economy depending which party they support and neither side is very accurate.

I view the economy by the numbers the BLS puts out. Those numbers showed solid customer spending and lower unemployment claims this week.

You view it politically.

 

[Papageorgio]

I view the economy by the numbers the BLS puts out. Those numbers showed solid customer spending and lower unemployment claims this week.

You view it politically.

I don’t view it politically, Biden has little to do with the economy, whether it be good or bad, just like Trump, Obama or Bush and on and on. Inflation is due to the pandemic and that had both parties voting overwhelmingly for spending. Housing starts are slowing, the markets are slowing, I believe there will be a recession in the near future but it is what it is. In the future why don’t you try reading and comprehend what I wrote before you make really assumptions. In the post you quoted me, I said Biden had little to do with the economy and I am fiscally conservative and you have no idea what I think or believe.

 

[Admiral Rockwell Tory]

Says the dipshit who supports an insurrection against American democracy and those who tried to steal an election.

How well does an insurrection work when you have no firearms but the other side does?

 

[Admiral Rockwell Tory]

do you even know what a 401k is? me thinks not as you are too stupid or lazy to have a job

Oh, he works at McDonald's every so often, hence his user name. He's not available to work most of the time, just like the McRib.

 

[Winco]

How well does an insurrection work when you have no firearms but the other side does?

Which side didn't have firearms?

You can't be that ignorant to the FACT that J6 members did that CC thing.
You know, conceal carry, ie...... CC.
They were NOT caught with their guns, because no one checked.
They had them.
They just were pussies and couldn't pull the trigger.
They KNEW they were on surveillance, but SURE tory........No Invaded carried a gun.

 

[EvilCat Breath]

Fuckwad Biden had to have this celebration. It was the same day as the Queen's memorial service.

 

[odanny]

Oh, he works at McDonald's every so often, hence his user name. He's not available to work most of the time, just like the McRib.

Good one!

 

[abu afak]

The following three quotes perfectly describe the blunder in charge we have, please vote responsibly in November!

"With the market crashing and inflation rising, Biden is having a victory party at the White House. He has no clue what’s going on," tweeted Brent Bozell, founder and president of the Media Research Center.

"Inflation’s cranking. Stocks tanking. And Biden & Co. throwing a garden party at the White House. To celebrate what? Crushing your dreams?" snarked Fox News and Fox Business' Dagen McDowell.

Greg Price, senior digital strategist at X Strategies, tweeted, "Will never be able to get over the image of Joe Biden speaking about how he singlehandedly beat inflation as the stock market tanks over 1,200 points on live television due to inflation. An all time moment in the history of American presidents."

https://www.foxnews.com/media/biden-...ing-down-drain

View attachment 696110

Biden's Fault!!

European Union Inflation Rate for the last 12 Months​

`

 

[Cellblock2429]

Biden's Fault!!

European Union Inflation Rate for the last 12 Months​

View attachment 698287


`

/———/ Sez who —- you???

 

[Admiral Rockwell Tory]

Biden's Fault!!

European Union Inflation Rate for the last 12 Months​

View attachment 698287


`

OMG, he got something right!

 

[abu afak]

/———/ Sez who —- you???

Says EVERYONE. It's common knowledge the inflation is throughout the developed world, and much of the undeveloped world. There are poor countries that can't afford Wheat now. Nothing to do with Biden... Either.
Have a look ldiot.
Google much you pathetic POS?
No, no one here does.

europe one year inflation - Google Search

`

 

[Admiral Rockwell Tory]

Says EVERYONE. It's common knowledge the inflation is throughout the developed world, and much of the undeveloped world. There are poor countries that can't afford Wheat now. Nothing to do with Biden... Either.
Have a look ldiot.
Google much you pathetic POS?
No, no one here does.

europe one year inflation - Google Search

`

Biden had nothing to do with Russia shutting down Ukraine's ports so the wheat could not be shipped out?

Biden has nothing to do with the fact Europe has no natural gas and facing a cold winter?

If Biden has nothing to do with Europe's inflation, what is causing it?

 

[Cellblock2429]

Says EVERYONE. It's common knowledge the inflation is throughout the developed world, and much of the undeveloped world. There are poor countries that can't afford Wheat now. Nothing to do with Biden... Either.
Have a look ldiot.
Google much you pathetic POS?
No, no one here does.

europe one year inflation - Google Search

`

/——/ You‘re the one who said it was Biden’s fault. Dummy

 

[abu afak]

Biden had nothing to do with Russia shutting down Ukraine's ports so the wheat could not be shipped out?

Biden has nothing to do with the fact Europe has no natural gas and facing a cold winter?

If Biden has nothing to do with Europe's inflation, what is causing it?

Correct on all counts.
Europe did not have to join our sanctions.
Germany knew full well what it would do their NG.
That was all Russia's fault... as was Wheat.

Mainly:: The inflation started before the war as demand recovered before the 'supply chain.' China is still shut down in places.

NG:

Why Surging Natural-Gas Prices Haven’t Sparked a Drilling Boom​

Shale drillers say they will buy back shares and repay debt rather than drill more wells​

May 4, 2022 - Wall Street Journal

""Natural-gas drilling has rarely been so profitable. Yet U.S. producers say they will retire debt, buy back shares and pay dividends rather than ramp-up output.

The pursuit of stock-boosting financial maneuvers has helped shares of Antero Resources Corp, EQT Corp. and others shine in a down market. It also adds to concerns about low supplies and suggests higher prices ahead for the heating and power-generation fuel, which has already contributed to the sharpest inflation in four decades...."

Why Surging Natural-Gas Prices Haven’t Sparked a Drilling Boom

Shale drillers say they will buy back shares and repay debt rather than drill more wells.

www.wsj.com

`

 

[Admiral Rockwell Tory]

Correct on all counts.
Europe did not have to join our sanctions.
Germany knew full well what it would do their NG.
That was all Russia's fault... as was Wheat.

Mainly:: The inflation started before the war as demand recovered before the 'supply chain.' China is still shut down in places.

NG:

Why Surging Natural-Gas Prices Haven’t Sparked a Drilling Boom​

Shale drillers say they will buy back shares and repay debt rather than drill more wells​

May 4, 2022 - Wall Street Journal

""Natural-gas drilling has rarely been so profitable. Yet U.S. producers say they will retire debt, buy back shares and pay dividends rather than ramp-up output.

The pursuit of stock-boosting financial maneuvers has helped shares of Antero Resources Corp, EQT Corp. and others shine in a down market. It also adds to concerns about low supplies and suggests higher prices ahead for the heating and power-generation fuel, which has already contributed to the sharpest inflation in four decades...."

Why Surging Natural-Gas Prices Haven’t Sparked a Drilling Boom

Shale drillers say they will buy back shares and repay debt rather than drill more wells.

www.wsj.com

`

So Biden's ban on fracking hasn't impacted new production?

 

[abu afak]

So Biden's ban on fracking hasn't impacted new production?

Between approval for wells and drilling is years. (sometimes 5-10)
It would not be affecting drilling yet.
Initially... in fact he angered the left

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%
Thousands of Permits OK’d Despite President’s Authority to End Drilling by 2035
​

WASHINGTON— New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.
Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

“Biden’s runaway drilling approvals are a spectacular failure of climate leadership,” said Taylor McKinnon at the Center for Biological Diversity. “Avoiding catastrophic climate change requires ending new fossil fuel extraction, but Biden is racing in the opposite direction.”

On Wednesday more than 360 climate, conservation, Indigenous, environmental justice and community groups petitioned the Biden administration to use its executive authority to phase out oil and gas production on public lands and oceans.
[........]

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%

Center for Biological Diversity: Thousands of Permits OK’d Despite President’s Authority to End Drilling by 2035

biologicaldiversity.org

`

 

[Admiral Rockwell Tory]

Between approval for wells and drilling is years. (sometimes 5-10)
It would not be affecting drilling yet.
Initially... in fact he angered the left

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%
Thousands of Permits OK’d Despite President’s Authority to End Drilling by 2035
​

WASHINGTON— New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.
Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

“Biden’s runaway drilling approvals are a spectacular failure of climate leadership,” said Taylor McKinnon at the Center for Biological Diversity. “Avoiding catastrophic climate change requires ending new fossil fuel extraction, but Biden is racing in the opposite direction.”

On Wednesday more than 360 climate, conservation, Indigenous, environmental justice and community groups petitioned the Biden administration to use its executive authority to phase out oil and gas production on public lands and oceans.
[........]

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%

Center for Biological Diversity: Thousands of Permits OK’d Despite President’s Authority to End Drilling by 2035

biologicaldiversity.org

`

You don't realize the permit is only a small part of the ability to drill an oil well, right?

My son was an oil driller in North Dakota.