TSOL Posted October 8, 2021 Posted October 8, 2021 Biden administration is really screwing the pooch on the economy. How people can condemn the Trump administration and defend the Biden administration, based on personality traits, when the economy is a flaming garbage truck falling off a cliff like this, is beyond me. The economy was humming at peak efficiency under Trump. 1 1 1
B-Man Posted October 8, 2021 Posted October 8, 2021 By any objective measure, today’s jobs report was dismal. Hosts on CNBC were nearly speechless: However, Biden was so eager to talk about today’s jobs report that his speech only started almost an hour and a half late: Charles Payne isn’t buying the spin: After Biden’s comments, a familiar sight ensued: https://twitchy.com/dougp-3137/2021/10/08/damage-control-biden-tries-to-explain-why-the-jobs-report-isnt-abysmal-and-guess-whats-to-blame-for-the-bad-news/ 1 1
Over 29 years of fanhood Posted October 8, 2021 Posted October 8, 2021 Another interesting red vs blue state break down. look at unemployment by state from top to bottom and see if there is any discernible pattern https://www.bls.gov/web/laus/laumstrk.htm 2
SoCal Deek Posted October 8, 2021 Posted October 8, 2021 3 hours ago, TSOL said: Biden administration is really screwing the pooch on the economy. How people can condemn the Trump administration and defend the Biden administration, based on personality traits, when the economy is a flaming garbage truck falling off a cliff like this, is beyond me. The economy was humming at peak efficiency under Trump. Yes, but at least Joe’s not tweeting! We live in a nation of total morons.
TSOL Posted October 9, 2021 Posted October 9, 2021 I saw a report on channel 4 WIVB yesterday that national fuel heating bills this winter will be up 43%. Its going to cost you 43% more to heat your home this winter. This is, no doubt, due to Joe Bidens domestic energy policies. Maybe the anger and rage i have towards this administration can keep my family warm this winter. 1
ALF Posted October 9, 2021 Posted October 9, 2021 (edited) 44 minutes ago, TSOL said: I saw a report on channel 4 WIVB yesterday that national fuel heating bills this winter will be up 43%. Its going to cost you 43% more to heat your home this winter. This is, no doubt, due to Joe Bidens domestic energy policies. Maybe the anger and rage i have towards this administration can keep my family warm this winter. Natural gas prices are skyrocketing around the world. Here’s why the U.S. may not suffer as much A global energy crunch is sending natural gas prices soaring in the U.K., Europe and Asia, hitting record highs. However, experts say the stratospheric prices seen in Europe are unlikely to carry over to the States. Much will ultimately depend on what the winter weather brings. But the U.S. is better positioned heading into the colder months, given that it’s the world’s largest natural gas producer and that inventory levels are not as depleted as they are in Europe. But the moves abroad are far more extreme. Analysts at Deutsche Bank noted that in Europe prices are up fivefold, while in the U.S. and Asia prices are about 1.5 times higher. In Europe, the price spike in natural gas is equivalent to if oil were trading around $200 per barrel. https://www.cnbc.com/2021/10/08/natural-gas-prices-are-skyrocketing-globally-what-it-means-for-the-us.html Not a good time to restrict fracking or export liquified natural gas Having turned into a net exporter of LPG as recently as 2011, the USA now account for 33 percent of all LPG exports by volume. During the whole of 2020, the USA exported 47.1 mln tonnes of LPG, based on Refinitiv vessel tracking data, which was a +15.3% increase from the 40.8 mln tonnes in 2019. https://www.hellenicshippingnews.com/lpg-trade-the-us-market-dominated-during-2020/ Edited October 9, 2021 by ALF
B-Man Posted October 10, 2021 Posted October 10, 2021 If there’s a 4th point, it’s “then blame the virus, the unvaccinated and Republicans.” 2
Irv Posted October 10, 2021 Posted October 10, 2021 Went to fill my truck up with gas. Pump stopped at $100 with tank not filled. Thanks Demented Biden. What a mess. 1
Over 29 years of fanhood Posted October 10, 2021 Posted October 10, 2021 On 10/8/2021 at 3:56 PM, SoCal Deek said: Yes, but at least Joe’s not tweeting! We live in a nation of total morons. And we know from Facebook research that social media triggers those with pre- adolescent mentalities… so it all adds up
B-Man Posted October 13, 2021 Posted October 13, 2021 US sets record for workers walking off jobs in August https://hotair.com/ed-morrissey/2021/10/12/going-galt-us-sets-record-for-workers-walking-off-jobs-in-august-n421899 1
ALF Posted October 13, 2021 Posted October 13, 2021 The global supply chain nightmare is about to get worse Computer chip shortages. Epic port congestion. And a serious lack of truck drivers. The world's delicate supply chains are under extreme stress. The supply chain nightmare is jacking up prices for consumers and slowing the global economic recovery. Unfortunately, Moody's Analytics warns supply chain disruptions "will get worse before they get better." Moody's said the "weakest link" may be the shortage of truck drivers — an issue that has contributed to congestion at ports and caused gas stations in the United Kingdom to run dry. https://www.cnn.com/2021/10/12/business/global-supply-chain-nightmare/index.html
All_Pro_Bills Posted October 13, 2021 Posted October 13, 2021 14 hours ago, B-Man said: So now the President is an expert at central planning of the world's largest economy following some secret blueprint to overhaul the mechanisms of commerce and business. Any guess on how that turns out? But given that everything these clowns have touched so far has been a huge dumpster fire I expect they are once again too incompetent to even attempt screwing up the economy and their "plan" (if they even have one) will be a miserable failure. Like everything else to date.
Big Blitz Posted October 13, 2021 Author Posted October 13, 2021 What a f....ing disaster Inflation has shifted to ‘brutally high’ from ‘massive’ in three months, according to Fastenal CEO There isn’t just a ton of inflation, it’s starting to actually hurt people. That’s according to Lars Florness, the chief executive of Fastenal Co., which makes supplies used by construction and industrial manufacturers. In the conference call with analysts following Fastenal’s third-quarter results early Tuesday, Florness said, according to a FactSet transcript, that product and shipping cost inflation the company and its peers were facing “isn’t just high”: “It’s brutally high. The chaos and…the impact, not just from a financial perspective, but from a toll that takes on our human capital, is immense.” https://on.mktw.net/3oVD7kh Reminder..... This is all self inflicted and deliberate. 1
All_Pro_Bills Posted October 13, 2021 Posted October 13, 2021 50 minutes ago, Big Blitz said: What a f....ing disaster Inflation has shifted to ‘brutally high’ from ‘massive’ in three months, according to Fastenal CEO There isn’t just a ton of inflation, it’s starting to actually hurt people. That’s according to Lars Florness, the chief executive of Fastenal Co., which makes supplies used by construction and industrial manufacturers. In the conference call with analysts following Fastenal’s third-quarter results early Tuesday, Florness said, according to a FactSet transcript, that product and shipping cost inflation the company and its peers were facing “isn’t just high”: “It’s brutally high. The chaos and…the impact, not just from a financial perspective, but from a toll that takes on our human capital, is immense.” https://on.mktw.net/3oVD7kh Reminder..... This is all self inflicted and deliberate. Some good news for social security recipients. They'll be getting a 5.9% increase in benefits via cost of living adjustments.
Backintheday544 Posted October 13, 2021 Posted October 13, 2021 56 minutes ago, Big Blitz said: What a f....ing disaster Inflation has shifted to ‘brutally high’ from ‘massive’ in three months, according to Fastenal CEO There isn’t just a ton of inflation, it’s starting to actually hurt people. That’s according to Lars Florness, the chief executive of Fastenal Co., which makes supplies used by construction and industrial manufacturers. In the conference call with analysts following Fastenal’s third-quarter results early Tuesday, Florness said, according to a FactSet transcript, that product and shipping cost inflation the company and its peers were facing “isn’t just high”: “It’s brutally high. The chaos and…the impact, not just from a financial perspective, but from a toll that takes on our human capital, is immense.” https://on.mktw.net/3oVD7kh Reminder..... This is all self inflicted and deliberate. How was it self inflicted and deliberate? 3 minutes ago, All_Pro_Bills said: Some good news for social security recipients. They'll be getting a 5.9% increase in benefits via cost of living adjustments. Medicare increases can eat that up. Plus Republicans don’t want to increase the debt ceiling which can lead to SS recipients not getting their checks.
Over 29 years of fanhood Posted October 13, 2021 Posted October 13, 2021 15 minutes ago, Backintheday544 said: How was it self inflicted and deliberate? Medicare increases can eat that up. Plus Republicans don’t want to increase the debt ceiling which can lead to SS recipients not getting their checks. We need to borrow against debt ceiling to fund SS? What a fiscal disaster this is becoming.
Backintheday544 Posted October 13, 2021 Posted October 13, 2021 Just now, Over 29 years of fanhood said: We need to borrow against debt ceiling to fund SS? What a fiscal disaster this is becoming. Yes? It’s government spending it’s not some new concept that. It makes it even worse the domestic terrorists try holding the debt ceiling hostage: https://www.marketwatch.com/story/the-debt-limit-could-delay-social-security-benefits-11633972853
Big Blitz Posted October 13, 2021 Author Posted October 13, 2021 (edited) 29 minutes ago, Backintheday544 said: How was it self inflicted and deliberate? We shut down the economy. Disrupted all International trade and shipping Blamed everything on the 99.9% survival rate virus Spent 9 trillion dollars Cut nothing Impose protocols that make millions want to not shop or travel or vacation - unless it's to the free state of Florida and using Amazon Now do the same with vaccines for 99.9% survival rate virus Encouraged intentionally and unintentionally people to not work Blame all shortages and horrendous service on 99.9% survival rate virus Here's your stagflation. Edited October 13, 2021 by Big Blitz
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