Oil has come down $35 from it's high. Does Joe Biden get credit for that?

[whitehall]

Let me know when it hits 17,000 like it did on Trump's watch.

The DOW was at 19,000 when Trump took over from Barry Hussein. It was at 30,000 when he left office. Old Brandon seems determined to bring it back into the 20's.

 

[Harpy Eagle]

Did you ever wake up?
The supply chains eventually recovered under Trump through the beginning of Biden’s term.

of course they did. And then on Jun 20, 2021 they jut magically got bad again. it all happened over night, in a matter of seconds. Craziest thing ever

 

[berg80]

Does Joe Biden get credit for that?​

He didn't deserve blame for the price spike and neither should he get credit for the decline. The market controls the price, not the prez.

 

[berg80]

The DOW was at 19,000 when Trump took over from Barry Hussein. It was at 30,000 when he left office.

A budget busting tax cut that benefitted corporate profits and cheap money will do wonders for an economy that continued trend GDP growth of around 2.5% after Obama left office.

 

[KissMy]

The DOW was at 19,000 when Trump took over from Barry Hussein. It was at 30,000 when he left office. Old Brandon seems determined to bring it back into the 20's.

Trump printed 500% more money & pumped up stock prices causing inflationary price spiral when the economy opened increasing velocity of money circulation.

 

[g5000]

Did you ever wake up?
The supply chains eventually recovered under Trump through the beginning of Biden’s term.

No, the supply chains did not recover.

 

[berg80]

after years of great times under Trump's policies

Yeah, the botched response to COVID, good times.



What a leader.

 

[Natural Citizen]

No one has ever explained exactly what Biden policy caused inflation ALL AROUND THE WORLD.

That's because there is no Biden policy which caused inflation.

The pandemic is the main driver of inflation. Rather, the recovery from the pandemic is. When demand for goods dropped, production of those goods slowed.

When demand surged, and the supply of goods was lacking, we got inflation.

It's basic economics. Something the tards who drink propagandist piss know nothing about.

The Fed (as well as the elected morons in DC) is the main driver for inflation.

It always has been.

The correct definition for inflation is the increase of the supply of currency and credit.

Too often people debate the effects of inflation rather than inflation.

I suppose it's convenient. For something...

 

[Papageorgio]

Does Joe Biden get credit for that?​

He didn't deserve blame for the price spike and neither should he get credit for the decline. The market controls the price, not the prez.

But he will get blame and credit because that is the public perception, reality be damned. He needs to take advantage of this as his numbers are plummeting.

 

[g5000]

As you can see below, consumer expenditures rose to an all time high after the pandemic. The pseudocon propagandists would have been praising Trump for this if he were in office, because this is tremendously good news for our economy.

 

[Flash]

It's funny how selective the tard memory is. "We had low gas prices under Trump!"

Yeah. Because there was no demand and oil actually went negative!

Duh.

They conveniently forget that part.

Basic economics.

I don't know why you stupid Moon Bats are in so much denial about the damage Potatohead is doing to this country.

Under Trump we were a NET exporter of oil. For you Econ challenged Moon Bats that means we produced more oil than we consumed. That was BEFORE the pandemic.

Potatohead ran on a platform that he was going to curtail the use of fossil fuels. You stupid Moon Bat idiots loved that agenda because you believe this silly AGW scam.

Now Potatohead is making good on his promise and the cost of gas at the pump is more than doubled than what it was when Trump was President.

Potatohead's stupidity is a cruel tax on working Americans and it is a disaster for this country.

That is on top of all the other massive inflation caused by Potatohead.

In the meantime you stupid uneducated Moon Bats are in denial about the damage done by Potatohead. It like you are absolutely dumber than a door knob.

He has fucked up everything he has touched. Trump handed him a recovering post Pandemic economy complete with a vaccine and all we got out of Potatohead was massive inflation, high cost of energy, millions of Illegals, decreased family income, near recession economic growth, higher taxes, more worthless government spending, queers and transvestites in the military and a weak foreign policy that is the laughing stock of the world.

Even Obama said to never underestimate the ability of Potatohead to **** something up. Obama hardly ever got anything right in his life but he was right about that.

 

[g5000]

As a result in the spike of spending and consumerism, the number of shipping containers and the number of container ships at our California ports surged tremendously to record highs. This overwhelmed the system.

 

[JWBooth]

From Big Oil to Big Pharma, huge corporations are gouging consumers and exploiting the pandemic to pad their own pockets

No reason to. The Biden interruption in oil supplies, due to his stupid Russian oil sanctions and reductions in domestic production, are being mitigated by market action.

 

[berg80]

The Fed is the main driver for inflation.

It always has been.

It was not so long ago Powell was claiming inflation was "transitory." In his defense no one foresaw Putin's invasion of Ukraine causing both energy and food inflation.

 

[berg80]

But he will get blame and credit because that is the public perception, reality be damned.

Agreed. But the flames were fanned by Repubs and right wing media who dishonestly took advantage of people's ignorance for political purposes.

 

[g5000]

I don't know why you stupid Moon Bats are in so much denial about the damage Potatohead is doing to this country.

Under Trump we were a NET exporter of oil.

And we are a net exporter of oil now. Have your propagandists not told you this?

Surprise! The U.S. Is Still Energy Independent

The Energy Information Administration recently posted December export numbers that showed the U.S remained energy independent in 2021.

www.forbes.com

 

[Winco]

You forgot to blame the greedy gas station owners. And Putin.

LOL

Good morning 8-4
How many posts have you gotten in today?
Are the BOSSES pleased?

Oh, Has OPEC increased production yet?
That would help. Right.

 

[g5000]

The Fed (as well as the elected morons in DC) is the main driver for inflation.

I agree. ZIRP has been catastrophic for Main Street.

Even worse, it has encouraged high-risk investing in pursuit of higher yields.

As for the elected morons, we get the politicians we deserve.

 

[Natural Citizen]

It was not so long ago Powell was claiming inflation was "transitory." In his defense no one foresaw Putin's invasion of Ukraine causing both energy and food inflation.

Anyone with even a rudimentary understanding of economic theory and monetary policy knew this was coming.

In fact, it's been said for years. The DC bureaucrats have been able to keep kicking the can down the road so it didn't happen on their watch. But those days are over. They can't even manipulate the CPI to put lipstick on that pig any more. They used chained CPI for a while, but that only masked the effects of inflation on the standard of living for a short time.

 

[BS Filter]

Did you sleep through 2020?

Democrats cheered rioters and destroyers.