The ineptitude and incompetence of Joe Biden

[Smokin' OP]

So you think all money belongs to the government.

What a dope.

So, you think all the $$$ belongs to corporations?
What a moron.

 

[Smokin' OP]

Exactly. Two. Not one. Two experts (ie economists at the Federal Reserve).

TWO employees at ONE branch.
WOW, they must represent the entire federal reserve.

Here is what the two "experts" claimed.

Two facts in particular disprove this myth. Golding and Kilian explained:

• Gas station operators set prices: "Gas station operators set retail prices based on their expected acquisition cost for the next delivery of fuel from the local distributor, federal and state tax rates, and a markup that covers operating expenses, such as rent, delivery charges and credit card fees."

No, shit.
Any 1st year business school student knows that.
EXPECTED cost, not actual cost.
Does any other business operate the same besides wall street?
Every other company purchases the product at a set price, then set a profit margin on the product they have in hand, that covers operating expenses, such as rent, delivery charges and credit card fees.

• Nearly every gas station is owned by a company that does not produce oil: "Since only 1 percent of service stations in the U.S. are owned by companies that also produce oil, U.S. oil producers are in no position to control retail gasoline prices."

No, shit.
The oil producers can't control the price once it's sold for a set price, just like a vendor can't control what Walmart charges for THEIR product.
They can control what the price they sell their product to Walmart for.

The experts are "experts", like Trump is a "genius".

Watching you work so hard to deny reality is fascinating. Seems exhausting and frustrating. So much easier to just accept reality my friend.

You need a good dose of it, perhaps skip one of your orange kool-aid servings and replace it with reality.

 

[P@triot]

 

[Nostra]

So, you think all the $$$ belongs to corporations?
What a moron.

Nope. Never said that. Money belongs to whoever earned it.

 

[Smokin' OP]

Nope. Never said that. Money belongs to whoever earned it.

Really?
So, no $$$ for the government, at all?

What if corporations thought the same way and decided, to pay their employees $12,000 a year, or nothing?
After all, they "earned" it, not you.

 

[P@triot]

What if corporations thought the same way and decided, to pay their employees $12,000 a year, or nothing? After all, they "earned" it, not you.

What if thugs thought the same way as you and decided to take everything you worked for? After all, they are “entitled” to what you earned.

 

[P@triot]

The Dumbocrats are astoundingly inept. Every time they hold office, they fuck up everything.

Team Biden Admits Math Error Behind Long Delays in Oil, Gas Permits

In a letter to industry leaders, the Biden administration says a computer modeling error sparked delays in the offshore oil and gas program.

www.dailysignal.com

 

[Smokin' OP]

What if thugs thought the same way as you and decided to take everything you worked for? After all, they are “entitled” to what you earned.

When did that ever happen?

No one, ever went bankrupt because of taxes.
Unless you're a tax cheat.

 

[Nostra]

Really?
So, no $$$ for the government, at all?

What if corporations thought the same way and decided, to pay their employees $12,000 a year, or nothing?
After all, they "earned" it, not you.

Your batshit crazy hypotheticals don't concern me.

 

[Smokin' OP]

Your batshit crazy hypotheticals don't concern me.

Your bat-shit crazy opinions don't concern me.
The bat-shit crazy actions of teabaggers do.

May 13 2022
The tumult of war and climate breakdown has proved lucrative for the world’s leading oil and gas companies, with financial records showing 28 of the largest producers made close to $100bn in combined profits in just the first three months of 2022.

Buoyed by oil commodity prices that soared following the turmoil caused by Russia’s invasion of Ukraine, major fossil fuel businesses enjoyed a bonanza in the first quarter of the year, making $93.3bn in total profits.


Shell made $9.1bn in profit from January to March, almost three times what it made in the same period last year, while Exxon raked in $8.8bn, also a near threefold increase on 2021.

Chevron upped its profits to $6.5bn and BP reveled in its highest first-quarter profits in a decade, making $6.2bn. Coterra Energy, a Texas-based firm, had the largest relative windfall of the 28 companies, with a 449% increase in profits on last year, to $818m.

The rocketing profits, at a time when inflation has surged in many countries, has prompted several of the companies to return billions of dollars to shareholders via share buybacks and dividends.

Teabaggers will reward the oil companies with more tax cuts, when they return to power.

"Nothing wrong with making a profit, it's American capitalism work".

February 15 2018
Americans across the country would suffer under this proposal. However, there are some clear winners who would benefit from the Trump budget, particularly, the fossil fuel industry.

After receiving billions in tax cuts at the end of last year, oil and gas companies can expect another year of record-breaking profits. While Exxon alone received $5.9 billion in tax breaks, companies that do oil exploration can expect an additional $190 billion in profits.

And yesterday, the second-largest coal company in the country, Arch Coal, announced the new tax plan would lower their tax rate to “effectively zero.” To pay for these giveaways, the Trump budget proposes cutting several programs that enforce pollution laws, fund clean energy innovation, and protect outdoor places. Trump’s cuts effectively subsidize oil, gas, and coal companies, severely hamper renewable energy growth, all while weakening protections for public health and the outdoors.

 

[Big Bend Texas]

Your bat-shit crazy opinions don't concern me.
The bat-shit crazy actions of teabaggers do.

May 13 2022
The tumult of war and climate breakdown has proved lucrative for the world’s leading oil and gas companies, with financial records showing 28 of the largest producers made close to $100bn in combined profits in just the first three months of 2022.

Buoyed by oil commodity prices that soared following the turmoil caused by Russia’s invasion of Ukraine, major fossil fuel businesses enjoyed a bonanza in the first quarter of the year, making $93.3bn in total profits.


Shell made $9.1bn in profit from January to March, almost three times what it made in the same period last year, while Exxon raked in $8.8bn, also a near threefold increase on 2021.

Chevron upped its profits to $6.5bn and BP reveled in its highest first-quarter profits in a decade, making $6.2bn. Coterra Energy, a Texas-based firm, had the largest relative windfall of the 28 companies, with a 449% increase in profits on last year, to $818m.

The rocketing profits, at a time when inflation has surged in many countries, has prompted several of the companies to return billions of dollars to shareholders via share buybacks and dividends.

Teabaggers will reward the oil companies with more tax cuts, when they return to power.

"Nothing wrong with making a profit, it's American capitalism work".

February 15 2018
Americans across the country would suffer under this proposal. However, there are some clear winners who would benefit from the Trump budget, particularly, the fossil fuel industry.

After receiving billions in tax cuts at the end of last year, oil and gas companies can expect another year of record-breaking profits. While Exxon alone received $5.9 billion in tax breaks, companies that do oil exploration can expect an additional $190 billion in profits.

And yesterday, the second-largest coal company in the country, Arch Coal, announced the new tax plan would lower their tax rate to “effectively zero.” To pay for these giveaways, the Trump budget proposes cutting several programs that enforce pollution laws, fund clean energy innovation, and protect outdoor places. Trump’s cuts effectively subsidize oil, gas, and coal companies, severely hamper renewable energy growth, all while weakening protections for public health and the outdoors.

Why is it any concern of yours how much profit they make as long as they do so legally?

They have a fiduciary duty to protect their stock holders interests and can be fired on the spot or even face civil suits and criminal charges if they fail to do so.

If not for making those profits where would they come up with the billions they invest in green energy research and production?

 

[Big Bend Texas]

After receiving billions in tax cuts at the end of last year,

What specific tax cuts did they get that other industries did not?

Cite your source.

What was the average price of gas and diesel from 2018-2020? How did those profits hurt you or anyone else?

 

[Smokin' OP]

Why is it any concern of yours how much profit they make as long as they do so legally?

Then why are republicans blaming Biden for the high price of fuel?
Begging him to lease more federal land for drilling?

They have a fiduciary duty to protect their stock holders interests and can be fired on the spot or even face civil suits and criminal charges if they fail to do so.

NO, they can't.
Those are stock brokers, not oil companies.

If not for making those profits where would they come up with the billions they invest in green energy research and production?

Which is it increasing stock price by buying back their own stock or green energy?
They can be "fired", "sued" or be "criminally charged",for the "wrong investment".

 

[Smokin' OP]

What specific tax cuts did they get that other industries did not?

Cite your source.

Largest oil and gas producers made close to $100bn in first …​

https://www.theguardian.com/business/2022/may/13/...

https://www.bing.com/search?q= oil...33&sk=&cvid=CC1E5520341C4A66A105519B173A93C8#

What was the average price of gas and diesel from 2018-2020? How did those profits hurt you or anyone else?

Those profits came at the expense of every taxpayer by raising the deficit.
Something teabaggers care deeply about.............................When a democrat is office.

 

[P@triot]

No one, ever went bankrupt because of taxes.

1. Noone is a single word, you illiterate jack-ass
2. Literally every person who ever filed bankruptcy did so because of taxes. If they had the 65% of their income stolen from them by lazy, greedy Democrats year after year, they would have had the money they needed not to file bankruptcy

 

[P@triot]

People are being gouged at the fuel pump by the oil companies, and stupid Trumptards, blame the government.

Oh man Smokin' liberalism - this one is really going to sting.

“When it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” Biden explained

It was all by design. Of course, those of us that don't drink liberal Fool*Aid already knew that.

Did Biden just let slip that record-high gas prices were PLANNED? | Blaze Media

He said the quiet part out loud

www.theblaze.com

 

[Faun]

1. Noone is a single word, you illiterate jack-ass
2. Literally every person who ever filed bankruptcy did so because of taxes. If they had the 65% of their income stolen from them by lazy, greedy Democrats year after year, they would have had the money they needed not to file bankruptcy

LOLOL

As always, ButtPlug parades his abject ignorance for all to witness...

​

 

[Smokin' OP]

1. Noone is a single word, you illiterate jack-ass

WTF?
How ITF did you get Noone, out of No one?
Guess the orange kool-aide spreads the "genius" of your dear leader.

1. Literally every person who ever filed bankruptcy did so because of taxes. If they had the 65% of their income stolen from them by lazy, greedy Democrats year after year, they would have had the money they needed not to file bankruptcy

Step away from the orange kool-aid.

 

[Smokin' OP]

Oh man Smokin' liberalism - this one is really going to sting.

It was all by design. Of course, those of us that don't drink liberal Fool*Aid already knew that.

Did Biden just let slip that record-high gas prices were PLANNED? | Blaze Media

He said the quiet part out loud

www.theblaze.com

WRONG............Again
It doesn't sting and typical of delusional Glenn Beck............................

Like I stated before, if Biden raised fuel prices in every country in the world, he is the baddest MFer in the world.

 

[P@triot]

Step away from the orange kool-aid.

The comment of every leftist defeated by facts