The Biden Era

[Sandy Shanks]

"The House select committee investigating January 6 will use its first prime-time public hearing on Thursday to make the case that former President Donald Trump was at the center of a conspiracy to overturn the 2020 election and prevent the transition of power."

It is readily apparent that Donald Trump is guilty of the charges presented by the House January Six Select Committee.

Donald Trump has made no attempt to provide evidence to the committee of his innocence.

No associate of Donald Trump has made an attempt to provide evidence to the committee of Trump's innocence.

Trump and his associates have made no attempt on any venue (Fox, Breitbart, major networks) to provide evidence of Trump's innocence.

60 court cases, the Supreme Court, 50 states, Electoral College, and Trump's attorney general all say the election was legitimate.

Trump and his associates have not provided any evidence that the election was fraudulent.

Trump is guilty of fraud by claiming the election was stolen from him and that he was the winner of the election.

Trump is guilty of inciting the far-right extremist mob. He spoke to the mob as their President.

"We fight like hell And if you don’t fight like hell, you’re not going to have a country anymore.
All of us here today do not want to see our election victory stolen by emboldened radical-left Democrats, which is what they’re doing … We will never give up, we will never concede. It doesn’t happen. You don’t concede when there’s theft involved.”
Our country has had enough. We will not take it anymore and that’s what this is all about … We will stop the steal.”
Because you’ll never take back our country with weakness, you have to show strength and you have to be strong.”

The worst of it is this. Grassroots Trump Republicans, like those on this forum, accept Trump's guilt by saying nothing. Republicans in Congress in Congress accept Trump's guilt. Indeed, they want his endorsement in the coming elections.

147 Republicans voted to not accept the results of the 2020 Presidential election on Jan. 6, 2021, once order was restored after Trump's coup attempt failed.

Trump is the current leader of the Republican Party.

Republicans are expected to win control of Congress in November.

Our country is in very serious trouble. When Americans say a coup attempt to overthrow the elected government is okay with them and put the party responsible back in power, we have a very serious problem.

The forum's Republicans will not respond to these issues.

 

[Sandy Shanks]

After San Bernardino nothing changed. After Orlando nothing changed. Hard to believe, but Robb Elementary is not the worst school shooting. Sandy Hook Elementary is. Of course, nothing changed after Sandy Hook, either.

The NRA sponsored Republican Party will not permit changes to be made.

That statement was made two weeks ago and it is ringing true today.

That said, after the massacre at a Buffalo supermarket, after another massacre at an elementary school in Uvalde, and after thirteen massacres last weekend, the Republican Party has agreed to a pittance to quiet the masses. They are hoping everyone will shut up and go home.

The Post reports, "A bipartisan group of senators announced Sunday that it had reached a tentative agreement on legislation that would pair modest new gun restrictions with significant new mental health and school security investments."

Note: The shooters in Buffalo and Uvalde had no history of mental illness. What will be the cost of providing security for every school in the country?

The Post continued, "Under the tentative deal, a federal grant program would encourage states to implement red-flag laws (not the U.S. Senate). federal criminal background checks for gun buyers younger than 21 would include a mandatory search of juvenile justice and mental health records, and would prevent gun sales to domestic violence offenders other than spouses."

This is akin to putting lipstick on a pig, meaning the provisions are virtually meaningless. They are mere fodder for the masses that prove the authoritarian nature of the heartless Republican Party.

Meaningful reforms are missing.

CNN reports, "Notably, the agreement doesn’t include a provision that would expand background checks for all firearm sales or transfers. Also left out is a federal ban on military-style assault weapons (the AR-15 was developed for the military for the expressed purpose of killing people). Additionally, the agreement doesn’t include a change to the age at which a person needs to be to purchase an assault-style weapon.

Then there is this.

"The framework proposes funding commitments that could easily run into the billions of dollars, and Republicans want any new spending to be offset with cuts elsewhere in the federal budget, people involved in the negotiations said," Post.

Republicans are unwilling to agree to meaningful reforms that cost little or no money, but are willing to spend billions of dollars to prove a point. They have argued for decades that mental illness and lack of school security are the causes of most shooting massacres. Or ...

Even these pitiful reforms won't see the light of day. This has all been a charade.

 

[Sandy Shanks]

Our country is in very serious trouble. When Americans say a coup attempt to overthrow the elected government is okay with them and put the party responsible back in power, we have a very serious problem.

The Times reports, "On the second day of the hearing, William P. Barr, the former attorney general, said in a recorded deposition that claims of widespread electoral fraud were nonsense.

"Former President Donald J. Trump’s attorney general testified that he believed the president had grown delusional as he insisted on pushing false claims of widespread election fraud that he was told repeatedly were groundless."

“He’s become detached from reality if he really believes this stuff,” Barr said, adding, “There was never an indication of interest in what the actual facts were.”

To this day, Trump is still preaching the Big Lie, i.e. he won the 2020 Presidential election. The reason lies in the make-up of the Republican Party, and the fact that grassroots Republicans believe him and they have donated millions to Trump. Trump remains today the head of the party, and Republicans seeking office desperately want his endorsement.

The Republican Party has captured the minds of those who live in the rural counties of America. Those voters are mostly farmers and rural shopkeepers. They lack education and they are not well-informed. Most of what they know about politics is by word of mouth, otherwise known as gossip.

For some reason they are unaware of and cannot explain, Donald Trump is their savior, thus explaining why they believe everything Trump says. This also explains their total silence on issues involving Trump or their party. Their communication skills are limited.

As mentioned, grassroots Republicans have donated millions to their savior. The Times continued, "The committee asserted that Mr. Trump used the lie of a stolen election to raise hundreds of millions of dollars, duping his donors and ultimately fooling his supporters into showing up at the Capitol to press his bogus claims of a massive election “steal.”

"The committee presented evidence that there was not, in fact, an “Election Defense Fund” for the Trump campaign, despite the campaign soliciting millions in donations for one."

Raising money based on false pretenses is the definition of fraud.

Republicans were duped, but they don't care. Reminder, Trump is the leader of the party, proving once again the naivete of his supporters.

Will we allow grassroots Republicans to choose our Congress in November?

 

[Sandy Shanks]

The [Republican] Senate Intelligence Committee reaffirmed its support for the U.S. intelligence community’s conclusion that the Russian government interfered in the 2016 presidential election with the goal of putting Donald Trump in the Oval Office.
Senate Intel report confirms Russia aimed to help Trump in 2016

With all the turmoil in Washington, including a Congressional hearing to investigate a former President, a President Putin chose to support, the Russian autocrat could not be more pleased with his selection. Trump continues his attacks on America's free elections and a majority of Republicans in Congress support his efforts and seek his endorsement.

To Putin's everlasting pleasure his choice for President in 2016 is currently the Republican leader.

CNN reports, "The House committee investigating the January 6, 2021, attack on the US Capitol detailed Monday how those around then-President Donald Trump told him he lost the 2020 election – but he refused to listen, turning instead to his attorney Rudy Giuliani to embrace false claims that the election was stolen.

"The Democratic-run committee has featured clips from William Barr’s deposition more than any other witness so far. These clips have established Barr as the highest-ranking Trump administration official to affirm the legitimacy of the election results and disavow Trump’s relentless effort to claim that the election was tainted by fraud.

"One of the primary areas of focus of Monday’s hearing was to underscore the idea that Trump and some of his allies continued to peddle false claims of election fraud after they were personally told those claims were not legitimate.

"The committee made the argument that Trump was repeatedly told by his own top officials, including Barr and Stepien, that the myriad of fraud claims he was pushing were groundless and were certainly not evidence that the election was stolen."

Why Trump continues to lie is explained in the previous post. One reason, because of Trump's gullible fans, it is profitable.

Here is the interesting part, beyond denouncing his own daughter and his attorney general, Trump is not offering any defense for his actions. He is silent.

No Republican has come forward to defend Trump. They are silent.

That says a lot.

Which explains why the forum's Republicans will continue their silence.

 

[Sandy Shanks]

With all the turmoil in Washington, including a Congressional hearing to investigate a former President, a President Putin chose to support, the Russian autocrat could not be more pleased with his selection. Trump continues his attacks on America's free elections and a majority of Republicans in Congress support his efforts and seek his endorsement.

To Putin's everlasting pleasure his choice for President in 2016 is currently the Republican leader.

Positively amazing, the forum's Republicans have nothing to say.

Of course, I know they avoid this thread. They have no desire to face reality, and even less desire to learn the truth about their savior.

 

[Sandy Shanks]

Diplomacy was not invented to communicate with our friends. Diplomacy was created so that we can deal with our pariahs.

ABC reports, "President Joe Biden confirmed Tuesday that he will visit Saudi Arabia next month for talks with its leaders, a dramatic change in his stance on the kingdom that he pledged to make a “pariah” as a Democratic candidate for the White House.

"With the visit at the tail end of a July 13-16 Middle East trip that includes stops in Israel and the West Bank, Biden is edging off his adversarial stance on the Saudis' human rights record. He's looking to reset the relationship at a time when the U.S. could use help from the oil-rich kingdom to alleviate soaring prices at the pump for motorists at home and around the globe.

"The stop in Saudi Arabia will include talks with Crown Prince Mohammed bin Salman, the de facto leader of the kingdom, according to White House and Saudi officials. U.S. intelligence officials have determined Prince Mohammed likely ordered the 2018 killing of U.S.-based journalist Jamal Khashoggi."

Our President is trying hard to alleviate our pain at the pump, and what does get from Republicans? Grief.

For political purposes, Republicans want gas prices to go higher, not lower. They want to win control of Congress in November.

Can they do any better? Of course not. Gas prices are determined by market conditions, and there is not a damn thing Washington can do about it.

But our President will try anyway.

 

[Sandy Shanks]

ABC reports, "President Joe Biden confirmed Tuesday that he will visit Saudi Arabia next month for talks with its leaders, a dramatic change in his stance on the kingdom that he pledged to make a “pariah” as a Democratic candidate for the White House."

Although limited by the paucity of tools that it has, the Biden administration is doing what it can to control inflation.

CNN reports,"US stocks jumped on Wednesday afternoon after the Federal Reserve announced it will increase interest rates by an aggressive three-quarters of a percent.

"Wednesday’s rate hike – the largest in 28 years – signaled to investors that the Fed is committed to lowering inflation rates. Fed chair Jerome Powell indicated that a similar hike could come in July if the economic data doesn’t improve."

CNN also reported, "President Joe Biden is still debating whether to lift some tariffs on China put in place by his predecessor as he mines his authorities for ways to bring down skyrocketing prices that have caused his approval ratings to plummet.

"Biden is on track to announce a decision on tariffs within a few weeks, according to an official familiar with the matter, though he hasn’t yet made a final determination.

"Inflation has proved a frustrating challenge for the President, who has instructed his team to continue searching for avenues to reduce financial burdens on Americans."

In keeping with this emphasis, CNN also reported, "In his latest attempt to stem raging inflation affecting almost every American, President Joe Biden has a new target – oil giants that are banking high profits even as gasoline prices at the pump hit record levels.

"Biden rebuked the wealthy sector after he announced a trip to Saudi Arabia and is expected to ask it to pump more oil to alleviate some of the pressure on Americans as inflation pummels his own approval ratings and the prospects of Democrats in midterm elections. His moves coincide with an expected aggressive interest rate hike by the Federal Reserve, which could help cool the overheating economy but is part of a strategy that also risks tipping it into a recession."

Our President has called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high prices at the pump.

President Biden is doing what he can with the limited resources he has. If Biden critics have any suggestions as to what more he can do, no doubt everyone would be interested in hearing them.

 

[JustAGuy1]

According to FiveThirtyEight, which is a poll that averages several leading polls, our President's current approval number is 42%. That's not very good, and it is somewhat of a mystery.

CNN reports, "The United States is rapidly approaching a major jobs milestone that highlights the historically strong economic recovery from Covid-19.

The axiom is true. Presidents, unless they do something drastic, have very little control over the economy. Nonetheless, if the economy is good, they get the credit, as in the case of Trump. If there are serious problems with the economy, the President gets the blame, as in the case of Biden.

ABC reports, "Employers posted a record 11.5 million job openings in March, meaning the United States now has an unprecedented two job openings for every person who is unemployed.

"The latest data released Tuesday by the the Bureau of Labor Statistics further reveals an extraordinarily tight labor market that has emboldened millions of Americans to seek better paying jobs, while also contributing to the biggest inflation surge in four decades."

According to CNN, 66% of Americans disapprove of Biden's handling of the economy.

The AP reports, "President Joe Biden on Wednesday highlighted new figures showing the government’s red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leadership amid growing dismay over inflation going into midterm elections that will decide control of Congress.

"Biden, embracing deficit reduction as a way to fight inflation, stressed that the dip in the national debt would be the first in six years, an achievement that eluded former President Donald Trump despite his promises to improve the federal balance sheet."

Stocks rallied on Wednesday after the Federal Reserve raised interest rates by half a percentage point.

"The Dow ended the day up by more than 900 points, and the S&P 500 gained almost 3 percent," NPR.

When it comes to the economy, Americans are naive.

The Progs are about to rue the day they installed Joe.

 

[JustAGuy1]

 

[Sandy Shanks]

Trump is not offering any defense for his actions. He is silent.

No Republican has come forward to defend Trump. They are silent.

That says a lot.

Trump continues his silence on the issues being brought forward by the committee. He appears to be acknowledging his guilt as are his colleagues in Congress who also remain silent.

ABC reports, "Former President Donald Trump on Monday responded in a lengthy statement to the House's ongoing Jan. 6 committee hearings, assailing the panel as illegitimate and their presentation as one-sided -- but rather than refute their evidence, he reiterated the same baseless claims about the 2020 presidential election that are at the center of the proceedings and the group's case that he had attempted a "coup."

"Trump's 12-page statement, sent to reporters on Monday night, comes after the second public hearing held by the House select committee investigating last year's deadly Capitol attack. His statement, marked by characteristic exclamations and insults, called the hearings "a smoke and mirrors show" that failed to include "all exculpatory witnesses, and anyone who so easily points out the flaws in their story."

"The statement, however, did not directly respond to the specifics laid out by the committee to the public thus far -- including testimony earlier Monday from Trump's inner circle that he knew he had lost the last presidential race and had no legitimate reason to claim widespread fraud, instead choosing to listen to Rudy Giuliani to falsely claim victory over Joe Biden."

Trump is clueless. He has no idea what is happening. Let's examine what he said.

"Their presentation is one-sided." "Failed to include "all exculpatory witnesses, and anyone who so easily points out the flaws in their story."

Trump seems unaware that he refused to appear before the committee to explain his innocence. He is unaware that the Republican leader in the House, Kevin McCarthy, refused to appoint Republicans to the committee. Trump's close associates who could possibly defend him refused to appear before the committee.

"Their presentation is one-sided." "Failed to include "all exculpatory witnesses, and anyone who so easily points out the flaws in their story." Rural Trump Republicans with their limited awareness will believe him. Like Trump, they are clueless.

 

[Indeependent]

Trump continues his silence on the issues being brought forward by the committee. He appears to be acknowledging his guilt as are his colleagues in Congress who also remain silent.

ABC reports, "Former President Donald Trump on Monday responded in a lengthy statement to the House's ongoing Jan. 6 committee hearings, assailing the panel as illegitimate and their presentation as one-sided -- but rather than refute their evidence, he reiterated the same baseless claims about the 2020 presidential election that are at the center of the proceedings and the group's case that he had attempted a "coup."

"Trump's 12-page statement, sent to reporters on Monday night, comes after the second public hearing held by the House select committee investigating last year's deadly Capitol attack. His statement, marked by characteristic exclamations and insults, called the hearings "a smoke and mirrors show" that failed to include "all exculpatory witnesses, and anyone who so easily points out the flaws in their story."

"The statement, however, did not directly respond to the specifics laid out by the committee to the public thus far -- including testimony earlier Monday from Trump's inner circle that he knew he had lost the last presidential race and had no legitimate reason to claim widespread fraud, instead choosing to listen to Rudy Giuliani to falsely claim victory over Joe Biden."

Trump is clueless. He has no idea what is happening. Let's examine what he said.

"Their presentation is one-sided." "Failed to include "all exculpatory witnesses, and anyone who so easily points out the flaws in their story."

Trump seems unaware that he refused to appear before the committee to explain his innocence. He is unaware that the Republican leader in the House, Kevin McCarthy, refused to appoint Republicans to the committee. Trump's close associates who could possibly defend him refused to appear before the committee.

"Their presentation is one-sided." "Failed to include "all exculpatory witnesses, and anyone who so easily points out the flaws in their story." Rural Trump Republicans with their limited awareness will believe him. Like Trump, they are clueless.

You're an idiot.
No one has to prove they are innocent except in the mind of a mentally ill ProgTard.

 

[TheParser]

Ordinary people are not interested in statistics.

They know that gasoline is eating up their salary.
They know that apartment rents are obscenely high.
They know that grocery prices are through the roof.

When President Biden brags about the great economy, he is unwittingly insulting millions of ordinary people.

 

[Sandy Shanks]

Our country is in very serious trouble. When Americans say a coup attempt to overthrow the elected government is okay with them and put the party responsible back in power, we have a very serious problem.

The [Republican] Senate Intelligence Committee reaffirmed its support for the U.S. intelligence community’s conclusion that the Russian government interfered in the 2016 presidential election with the goal of putting Donald Trump in the Oval Office.
Senate Intel report confirms Russia aimed to help Trump in 2016

The Republican Party has captured the minds of those who live in the rural counties of America. Those voters are mostly farmers and rural shopkeepers. They lack education and they are not well-informed. Most of what they know about politics is by word of mouth.

For reasons they are unaware of and cannot explain, Donald Trump is their savior, thus explaining why they believe everything Trump says. Consequently, most of them have voted for Trump endorsed candidates in the primaries.

That is understandable. They don't know what is going on. All they know is, they like Trump for some reason.

What is disturbing is that many of these Republican candidates are winning. Most were favorites anyway. Here is the disturbing part. These candidates support the view that Trump won the election and the coup attempt on Jan. 6, 2021. If they didn't believe that, they would not have gotten Trump's endorsement.

In other words, Republicans running for office -- governor, secretary of state, state legislatures, U.S. Congress, etc. -- support the attempted overthrow of the elected government on Jan. 6, 2021.

There is no other way to read that.

Republicans on this forum will remain silent on these issues. After all, what can they say? Not even Trump is declaring his innocence. Neither are any members of the Republican Party.

 

[Indeependent]

The [Republican] Senate Intelligence Committee reaffirmed its support for the U.S. intelligence community’s conclusion that the Russian government interfered in the 2016 presidential election with the goal of putting Donald Trump in the Oval Office.
Senate Intel report confirms Russia aimed to help Trump in 2016

The Republican Party has captured the minds of those who live in the rural counties of America. Those voters are mostly farmers and rural shopkeepers. They lack education and they are not well-informed. Most of what they know about politics is by word of mouth.

For reasons they are unaware of and cannot explain, Donald Trump is their savior, thus explaining why they believe everything Trump says. Consequently, most of them have voted for Trump endorsed candidates in the primaries.

That is understandable. They don't know what is going on. All they know is, they like Trump for some reason.

What is disturbing is that many of these Republican candidates are winning. Most were favorites anyway. Here is the disturbing part. These candidates support the view that Trump won the election and the coup attempt on Jan. 6, 2021. If they didn't believe that, they would not have gotten Trump's endorsement.

In other words, Republicans running for office -- governor, secretary of state, state legislatures, U.S. Congress, etc. -- support the attempted overthrow of the elected government on Jan. 6, 2021.

There is no other way to read that.

Republicans on this forum will remain silent on these issues. After all, what can they say? Not even Trump is declaring his innocence. Neither are any members of the Republican Party.

Elaborate on how Free Market Republicans fell for a non-Free Market nation's hypnosis.
BTW, the Establishment Neo-Conservative Republicans did not want Trump to win.

 

[Sandy Shanks]

The Republican Senate Intelligence Committee reaffirmed its support for the U.S. intelligence community’s conclusion that the Russian government interfered in the 2016 presidential election with the goal of putting Donald Trump in the Oval Office.
Senate Intel report confirms Russia aimed to help Trump in 2016

J. Michael Luttig, a retired federal judge, said Pence heeding Trump’s directive would have “plunged America into what I believe would have been tantamount to a revolution within a constitutional crisis.”

The Post reports, "John Eastman, a conservative lawyer advising President Donald Trump, sought a presidential pardon after pushing a plan to overturn the 2020 election that he knew to be illegal, evidence and testimony showed during a hearing Thursday by the House select committee investigating the Jan. 6, 2021, insurrection. Eastman had aggressively pushed a plan for Vice President Mike Pence to use his authority to help overturn the results, but acknowledged to Pence attorney Greg Jacob that the plot violated the law and would lose at the Supreme Court “nine to nothing,” Jacob testified.

"Giuliani and Eastman, two of Trump’s top advisers, knew their plot was probably illegal, witnesses said. And here’s the key thing: Knowledge of the plot being illegal is significant when it comes to proving whether the Jan. 6 plotters committed a crime. [If Trump's two key advisors knew it was a crime, then Trump knew it was a crime and White House lawyers were saying so.]

"Eastman emailed Giuliani and asked to be put on Trump’s pardon list."

"The House's ongoing Jan. 6 committee hearings are illegitimate and their presentation one-sided. They failed to include "all exculpatory witnesses, and anyone who so easily points out the flaws in their story," Donald Trump.

The committee has been literally begging for Trump's associates to come forward.

The Post continued, "Rep. Pete Aguilar (D-Calif.) specifically named House Minority Leader Kevin McCarthy (R-Calif.); Rep. Barry Loudermilk (R-Ga.), and Virginia “Ginni” Thomas, the wife of Supreme Court Justice Clarence Thomas, who corresponded with Trump lawyer John Eastman about his attempts to overturn the election results."

Earlier, the committee had urged Mark Meadows, Trump's chief of staff, and others to come forward.

“We’re not going to close the door on hearing from anyone,” Aguilar said.

So far, none have come forward to defend Trump. Congressional Republicans are so quiet one could hear a pin drop.

The forum's Republicans remain silent on the issues as well.

With Trump as their leader, Republicans expect to win control of Congress in November.

 

[struth]

Xiden Era will be remembered for the time the dems openly declared war on working americans

 

[Sandy Shanks]

Although limited by the paucity of tools that it has, the Biden administration is doing what it can to control inflation.

ABC reports, "Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.

"Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession.

"A worse-than-expected inflation report for May — consumer prices rocketed up 8.6% from a year earlier, the biggest jump since 1981 — helped spur the Fed to raise its benchmark interest rate by three-quarters of point Wednesday.

"Not since 1994 has the central bank raised its key rate by that much all at once. What's more, several more hikes are coming."

The rate hike only affects borrowing; borrowing to buy a house or a car along with credit card borrowing. The rate has little or no effect on gas or food prices, in other words, the day-to-day spending by Americans, meaning the issues that are bothering most Americans.

For that reason, it is conceivable that President Biden along with Democrats running for office in November are privately hoping for a recession.

While the Fed's rate hikes won't lower prices on gas and food, a recession certainly will.

Of course, then Americans will blame Biden for the recession even though that is the only way prices will be lowered. Americans know so little about economic principles.

With full employment and prosperity comes inflation caused by increased spending. A recession is a downturn in the economy and prices go down due to less spending. Perhaps two percent of the population know that.

 

[struth]

ABC reports, "Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.

"Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession.

"A worse-than-expected inflation report for May — consumer prices rocketed up 8.6% from a year earlier, the biggest jump since 1981 — helped spur the Fed to raise its benchmark interest rate by three-quarters of point Wednesday.

"Not since 1994 has the central bank raised its key rate by that much all at once. What's more, several more hikes are coming."

The rate hike only affects borrowing; borrowing to buy a house or a car along with credit card borrowing. The rate has little or no effect on gas or food prices, in other words, the day-to-day spending by Americans, meaning the issues that are bothering most Americans.

For that reason, it is conceivable that President Biden along with Democrats running for office in November are privately hoping for a recession.

While the Fed's rate hikes won't lower prices on gas and food, a recession certainly will.

Of course, then Americans will blame Biden for the recession even though that is the only way prices will be lowered. Americans know so little about economic principles.

With full employment and prosperity comes inflation caused by increased spending. A recession is a downturn in the economy and prices go down due to less spending. Perhaps two percent of the population know that.

yep…the dems are heading us to a recession after they caused record setting inflation and record jumps in interest rates

 

[eagle1462010]

ABC reports, "Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.

"Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession.

"A worse-than-expected inflation report for May — consumer prices rocketed up 8.6% from a year earlier, the biggest jump since 1981 — helped spur the Fed to raise its benchmark interest rate by three-quarters of point Wednesday.

"Not since 1994 has the central bank raised its key rate by that much all at once. What's more, several more hikes are coming."

The rate hike only affects borrowing; borrowing to buy a house or a car along with credit card borrowing. The rate has little or no effect on gas or food prices, in other words, the day-to-day spending by Americans, meaning the issues that are bothering most Americans.

For that reason, it is conceivable that President Biden along with Democrats running for office in November are privately hoping for a recession.

While the Fed's rate hikes won't lower prices on gas and food, a recession certainly will.

Of course, then Americans will blame Biden for the recession even though that is the only way prices will be lowered. Americans know so little about economic principles.

With full employment and prosperity comes inflation caused by increased spending. A recession is a downturn in the economy and prices go down due to less spending. Perhaps two percent of the population know that.

Privately hoping for a recession. Only ones that WANT THAT will not lose their jobs and it has no effect on them

Just like 2008 as people were losing everything...........propped up by fiat currency. I watched as hard working neighbors lost everything.

The entire Federal Gov't should be Tarred and Feathered for destroying our country.

 

[eagle1462010]

yep…the dems are heading us to a recession after they caused record setting inflation and record jumps in interest rates

We are already in one. The pain coming will be epic. A Depression is now LIKELY.