Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing

[All_Pro_Bills]

2 hours ago, B-Man said:

 

 

 

We're saved !

 

Biden to Speak on Economy on Tuesday With Fed Decision Looming

 

https://www.bloomberg.com/news/articles/2021-11-22/biden-to-speak-on-economy-on-tuesday-with-fed-decision-looming

 

 

 

 

Oil prices up around 2.5% near the close of trading today.  Ports running 24/7 is a fantasy.  For starters, where are 3 times more workers and 3 times more trucks coming from to support this idea?  Long term the way to eliminate the problem is to make products domestically and eliminate the port bottleneck and dependency on foreign countries for goods. 

Time to put the interests of American workers and families and American businesses above the interests of multi-national mega corporations that have only an allegiance to the bottom line.  Let's really build back better.  Help people that are working for a living instead of the usual freeloader constituencies and big donors.  You're party claims to represent the people.  Time to demonstrate that claim with something more than more government spending.  

[BillStime]

3 minutes ago, All_Pro_Bills said:

Oil prices up around 2.5% near the close of trading today.  Ports running 24/7 is a fantasy.  For starters, where are 3 times more workers and 3 times more trucks coming from to support this idea?  Long term the way to eliminate the problem is to make products domestically and eliminate the port bottleneck and dependency on foreign countries for goods. 

Time to put the interests of American workers and families and American businesses above the interests of multi-national mega corporations that have only an allegiance to the bottom line.  Let's really build back better.  Help people that are working for a living instead of the usual freeloader constituencies and big donors.  You're party claims to represent the people.  Time to demonstrate that claim with something more than more government spending.  

Hey - blah blah blah - where did you go? Weren’t you supposed to back up your arguments with facts and sources? 
 

Should be so easy to back up your claim - why did you run away?

[Chef Jim]

On 11/19/2021 at 10:59 AM, Chef Jim said:

Reminds me of one of my favorite albums from many years ago. 
 

 

But seriously there are plenty of things he can do.  If you think he’s powerless to reign in inflation you’re a tool. 
 

1.  Roll up his sleeves and work on this supply chain issue. 
2.  Raise interest rates. This will also reduce home prices and potentially make homes more affordable. 

3.  Increase bank reserve requirements. 
4.  Price and wage controls. I’m not too keen on this but if it’s temporary it will help. 
5.  Tap into our oil reserve and recommend other nations do to

6.  Stop spending/printing money.
 

Carry on hand wringing boy.  

 

@Tiberius

 

Well what do you know.......

 

https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/23/president-biden-announces-release-from-the-strategic-petroleum-reserve-as-part-of-ongoing-efforts-to-lower-prices-and-address-lack-of-supply-around-the-world/

[Doc]

1 hour ago, Chef Jim said:

 

@Tiberius

 

Well what do you know.......

 

https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/23/president-biden-announces-release-from-the-strategic-petroleum-reserve-as-part-of-ongoing-efforts-to-lower-prices-and-address-lack-of-supply-around-the-world/

 

A nothing move.  Meanwhile SoE Jennifer Granholm lied that she didn't know how many barrels of oil the US uses daily (hint: it's 20 million, meaning they're releasing 2-1/2 days worth of oil and she didn't want to be called-out on it), instead choosing to claim she didn't know.  If she truly didn't know, it means she's incompetent.

[Tiberius]

Weekly jobless claims plunge to 199,000, lowest level in more than 50 years

The number of first-time claims for unemployment benefits — a proxy for layoffs — plunged by 71,000, falling well below pre-pandemic levels, the Labor Department reported. It’s the eighth straight weekly decline, a reflection of the tight U.S. labor market.

[Tiberius]

This is too funny! You future speaker of the house? 

 

Quote

One hour into his speech, he complained that under Democratic rule, there are just too many jobs in America. “Walk down any main street,” he said, “and I guarantee you there will be 'Help Wanted’ signs!”

🤣https://www.washingtonpost.com/opinions/2021/11/19/kevin-mccarthy-eight-hour-speech-barking-mad/

[plenzmd1]

6 minutes ago, Tiberius said:

Weekly jobless claims plunge to 199,000, lowest level in more than 50 years

The number of first-time claims for unemployment benefits — a proxy for layoffs — plunged by 71,000, falling well below pre-pandemic levels, the Labor Department reported. It’s the eighth straight weekly decline, a reflection of the tight U.S. labor market.

Those on the surface appear very good. I do not know if they reported labor participation rates as well? Was that in release somewhere?

 

and I would assume that means many of the provisions of BBB meant to help people get back to work are not needed based on those numbers?

Edited November 24, 2021 by plenzmd1

[Tiberius]

1 hour ago, Chef Jim said:

 

@Tiberius

 

Well what do you know.......

 

https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/23/president-biden-announces-release-from-the-strategic-petroleum-reserve-as-part-of-ongoing-efforts-to-lower-prices-and-address-lack-of-supply-around-the-world/

Are you saying this is a good move that will do something? You really don't understand how things work. 

Just now, plenzmd1 said:

Those on the surface appear very good. I do not know if they reported labor participation rates as well? Was that in release somewhere?

I'm sure you can find the sliver of bad news yourself, don't need my help for that. 

 

Just loving this Biden Boom! 

[Chef Jim]

5 minutes ago, Tiberius said:

Are you saying this is a good move that will do something? You really don't understand how things work. 

I'm sure you can find the sliver of bad news yourself, don't need my help for that. 

 

 

It's a move.  My suggestion was he do something/anything.  He did something and that something was one of my suggestions.  Time will tell if it's enough.  

 

And yes, I absolutely understand how things work.  

[Tiberius]

Just now, Chef Jim said:

 

It's a move.  My suggestion was he do something/anything.  He did something and that something was one of my suggestions.  Time will tell if it's enough.  

 

And yes, I absolutely understand how things work.  

How is this going to affect inflation? Gas futures went UP  after he did this 

 

 

[plenzmd1]

11 minutes ago, Tiberius said:

Are you saying this is a good move that will do something? You really don't understand how things work. 

I'm sure you can find the sliver of bad news yourself, don't need my help for that. 

 

Just loving this Biden Boom! 

Well, if jobless claims fell by 100k, but 200k fell out of the job force, it’s not a net positive. 
 

 

[Tiberius]

4 minutes ago, plenzmd1 said:

Well, if jobless claims fell by 100k, but 200k fell out of the job force, it’s not a net positive. 
 

 

Retirements happen  

[B-Man]

 

BIDEN’S WAR ON AFFORDABLE ENERGY IS A GENUINE ‘MISSION ACCOMPLISHED’: 

 

Oil, Oil Everywhere But Not a Drop of Sense. 

 

“With great fanfare from the press and a shrug from the markets, Presidentish Joe Biden announced his plan to basically do nothing about the high price of oil and gas.”

 

 

https://pjmedia.com/vodkapundit/2021/11/24/oil-oil-everywhere-but-not-a-drop-of-sense-n1536075

[Doc]

Why would anyone file a jobless claim if they're not looking for work anymore?  Too bad for the Dems, most people realize this.

[Chef Jim]

2 hours ago, Tiberius said:

How is this going to affect inflation? Gas futures went UP  after he did this 

 

 

 

Because of the small amount of the reserves released it will have very little effect on inflation.  But at least he did something.  Do you agree or not with opening some of our strategic reserves?

 

Why do you think natural gas futures went up?   

[B-Man]

 

 

SOCIALIST SUNK: Centrist Democrats sink Biden’s nominee for top bank regulator.

 

Five Democratic senators have told the White House they won’t support Saule Omarova to head the Office of the Comptroller of the Currency, effectively killing her nomination for the powerful bank-regulator position.

 

https://www.axios.com/democrats-omarova-occ-5755a0e4-c6a5-4ca7-b6c7-87d18d5491f9.html?utm_source=twitter&utm_medium=social&utm_campaign=editorial&utm_content=politics-bidennominees

[Tiberius]

Putin and the blood covered Saudis, Trumps friend, cutting oil production. Now why would those murderous thugs do that? 

 

https://www.reuters.com/markets/commodities/opec-members-saudi-arabia-russia-consider-pausing-oil-production-increases-wsj-2021-11-24/

[T master]

31 minutes ago, Tiberius said:

Putin and the blood covered Saudis, Trumps friend, cutting oil production. Now why would those murderous thugs do that? 

 

https://www.reuters.com/markets/commodities/opec-members-saudi-arabia-russia-consider-pausing-oil-production-increases-wsj-2021-11-24/

 

Well if we had a pipeline coming into our country from canada to off set the oil production that the saudi's and russia are going to hold back the price of fuel wouldn't have went up 60% in the last year .

 

It's amazing that just a little more than a year ago prices were 60% less than they are now given the only difference is one Pres. isn't smart enough to figure out how to run the business part of a country it's all part of his Green new deal plan cut domestic oil production ramp up the electric car industry and wind mills plus solar .

 

Price the people into making his choice .

[Tiberius]

54 minutes ago, T master said:

 

Well if we had a pipeline coming into our country from canada to off set the oil production that the saudi's and russia are going to hold back the price of fuel wouldn't have went up 60% in the last year .

 

It's amazing that just a little more than a year ago prices were 60% less than they are now given the only difference is one Pres. isn't smart enough to figure out how to run the business part of a country it's all part of his Green new deal plan cut domestic oil production ramp up the electric car industry and wind mills plus solar .

 

Price the people into making his choice .

Won’t change the fact the evil regimes are trying to hurt the Democrats. Gees, why is that? 

 

Whose side are you on? 

[T master]

9 minutes ago, Tiberius said:

Won’t change the fact the evil regimes are trying to hurt the Democrats. Gees, why is that? 

 

Whose side are you on? 

 

WTF ?? Typical none answer ...