The Fed Attempts To Save Biden's Disastrous Economy

[easyt65]

BIDEN ECONOMY: The FED Increases Rates by a Half a Percent - The Largest Increase for a Democrat White House This Century | The Gateway Pundit | by Joe Hoft

Things were bad for the Biden economy – now they just got worse. The FED announced that they are raising rates a half a percent. This afternoon the FED increased the short-term interest rate by .5 of a percent.

www.thegatewaypundit.com

Joe sets another new record ... or at least the Fed does trying to save the US economy from Joe's disastrous policies

 

[Oddball]

50 basis points ain't going to cut it.....The rate should be up somewhere in the 6% range,

 

[Concerned American]

50 basis points ain't going to cut it.....The rate should be up somewhere in the 6% range,

And watch what happens to the homeless population then. It will explode. Already a tract home in most places is over $500K. A loan on that amount is bad enough and if you add 6% to that, what $15/hr job will pay it when you add X boxes, the latest telephone, cell service, and internet -- there won't be enough for gas, water, and electric, insurance and food. Democrats know what they're doing. Suuuuuure they do.

 

[easyt65]

...desperate times call for desperate half-assed liberal measures



Biden and Democrats continue to prove, for them, it is easier to f* things up than to fix them...

 

[Imnukingfutz]

And watch what happens to the homeless population then. It will explode. Already a tract home in most places is over $500K. A loan on that amount is bad enough and if you add 6% to that, what $15/hr job will pay it when you add X boxes, the latest telephone, cell service, and internet -- there won't be enough for gas, water, and electric, insurance and food. Democrats know what they're doing. Suuuuuure they do.

They don’t have to worry, they will just live in the government subsidized housing owned by Bill Gates.

 

[B. Kidd]

It ain't gonna work!
Especially if Joey even writes off 10k in student debt in order to buy mid-term votes.
Bottom line is, the Dimm's need to buy votes. They cannot combat inflation and buy votes at the same time!!
Sippy Cup, the gift that keeps giving!!

 

[Samofvt]

Normally, you want to lower interest rates to combat inflation. I don't think the socialists want to help Americans, they want to kill us all and destroy our country.

 

[busybee01]

BIDEN ECONOMY: The FED Increases Rates by a Half a Percent - The Largest Increase for a Democrat White House This Century | The Gateway Pundit | by Joe Hoft

Things were bad for the Biden economy – now they just got worse. The FED announced that they are raising rates a half a percent. This afternoon the FED increased the short-term interest rate by .5 of a percent.

www.thegatewaypundit.com

Joe sets another new record ... or at least the Fed does trying to save the US economy from Joe's disastrous policies

The Fed has no clue what it is doing. The reason we have inflation is because oil companies are keeping oil supplies low and big corporations are raising prices to fatten their profits. The Fed raising interest rates will do nothing to help the company. When people stop buying is when inflation will come down. The Fed can only harm the economy.

 

[busybee01]

Normally, you want to lower interest rates to combat inflation. I don't think the socialists want to help Americans, they want to kill us all and destroy our country.

That does not work when big business is raising prices to fatten their profits. When people refuse to accept the price increases is when inflation drops.

 

[easyt65]

The Fed has no clue what it is doing. The reason we have inflation is because oil companies are keeping oil supplies low...

Speaking of having no clue what they are doing....

Yes, please remind me how sanctions on Putin and Oil Companies withholding oil is the root of our problem and not Biden destroying US energy independence/ energy production on Day 1 of his Presidency.

Remind me how NOT producing our own energy / oil is going to save the planet but how buying oil from America's enemies, shipping it back to the US on a petroleum-sucking carbon-belching tanker will save the planet and is best for the country...

I love that story.

 

[Samofvt]

That does not work when big business is raising prices to fatten their profits. When people refuse to accept the price increases is when inflation drops.

So you think when producers have to pay more for credit, it will magically lower their cost of goods produced? No, the producer will have to factor in the extra percentage.

And as far as fattening profits, that's another misconception. In order to increase production, you have to have more capital. If you need more capital, you almost always need to raise the funds through loans (or other instruments). If you need to borrow more money, you have to show you have plenty of cash on hand to cover shortfalls and payments. In other words, if a business wants to grow, it has to increase its cash or short term investments.

Instead, if you want to keep sending all production overseas to where the production is based on poor environmental practices and on slave labor (or what we consider slave-like labor), then go ahead and blame these companies for trying to raise enough capital to increase production and hire more Americans.

 

[Mac1958]

Ironic, since the Fed buoyed the former guy’s “Greatest Economy Ever” (ha ha) with several trillion, and since the NY Fed bailed out short term credit markets for him in 2019 with MORE trillions.

Of course, the rubes aren’t told about those facts in their world.

Arrogant ignorance.

 

[Concerned American]

The reason we have inflation is because oil companies

Bullshit. The reason we have inflation is because the democrat congress pumped $5T into the money supply and gave away money like it was candy. You can't add that much money to the economy without deflating the value of the money and inflating the cost of everything as a result.

 

[Oddball]

And watch what happens to the homeless population then. It will explode. Already a tract home in most places is over $500K. A loan on that amount is bad enough and if you add 6% to that, what $15/hr job will pay it when you add X boxes, the latest telephone, cell service, and internet -- there won't be enough for gas, water, and electric, insurance and food. Democrats know what they're doing. Suuuuuure they do.

All the easy corrections were ignored and blown past years ago....The big correction is going to hurt bad.

 

[Concerned American]

All the easy corrections were ignored and blown past years ago....The big correction is going to hurt bad.

Yup, I fear a FULL BLOWN depression is in our near future and the only defense will be financial liquidity.

 

[busybee01]

Speaking of having no clue what they are doing....

Yes, please remind me how sanctions on Putin and Oil Companies withholding oil is the root of our problem and not Biden destroying US energy independence/ energy production on Day 1 of his Presidency.

Remind me how NOT producing our own energy / oil is going to save the planet but how buying oil from America's enemies, shipping it back to the US on a petroleum-sucking carbon-belching tanker will save the planet and is best for the country...

I love that story.

Biden did not destroy our energy independence. He leased more federal land than Trump did in his first year. Explain to me why of the 800 or so rigs that were open pre-pandemic, only 650 are open now if they are not withholding oil from the market..

 

[busybee01]

So you think when producers have to pay more for credit, it will magically lower their cost of goods produced? No, the producer will have to factor in the extra percentage.

And as far as fattening profits, that's another misconception. In order to increase production, you have to have more capital. If you need more capital, you almost always need to raise the funds through loans (or other instruments). If you need to borrow more money, you have to show you have plenty of cash on hand to cover shortfalls and payments. In other words, if a business wants to grow, it has to increase its cash or short term investments.

Instead, if you want to keep sending all production overseas to where the production is based on poor environmental practices and on slave labor (or what we consider slave-like labor), then go ahead and blame these companies for trying to raise enough capital to increase production and hire more Americans.

Companies are setting records for profits that span decades. That was before the Fed started raising rates. Companies have been awash in cash since Republicans cut their taxes.

 

[easyt65]

Biden did not destroy our energy independence.

Were you asleep on Day 1 of Biden's Ptesodency or did you just cross the border?

 

[busybee01]

Bullshit. The reason we have inflation is because the democrat congress pumped $5T into the money supply and gave away money like it was candy. You can't add that much money to the economy without deflating the value of the money and inflating the cost of everything as a result.

We had a $6 trillion wealth transfer go from the lower and middle class to the wealthy. That is okay with you. However helping ordinary people who were struggling is wrong to you. You are so much bullshit. The pandemic is a major reason. Also the fact that companies can raise prices is why we have inflation. CEOs have admitted this and their own financial statements show they are raising prices more than they need to.

 

[busybee01]

Were you asleep on Day 1 of Biden's Ptesodency or did you just cross the border?

You are just a liar that is all. Biden did nothing to harm our energy independence.