Author Topic: Biden failures, corruption, destruction, and collapse Thread.  (Read 80999 times)

jude2

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1625 on: June 06, 2022, 06:54:58 PM »
He has always had a mean/rude streak.  Things are only going to get worse.
Yep and the stage of dementia he is in causes you to be agitated easily.

Skeletor

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1626 on: June 06, 2022, 07:59:19 PM »
I listened to commentary by Guy Benson the other talking about Biden's history of lying.  It's absolutely incredible how many lies he has told about his background over such and extended period of time.  Claiming he was admitted into the Naval Academy.  That he was a truck driver.  His academic record, etc.  How does someone lie like that for decades and become POTUS??

Rhetorical question I presume? It seems to be the prerequisite for a career in politics.

AbrahamG

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1627 on: June 06, 2022, 08:35:20 PM »
390,000 jobs added in May.  Unemployment rate lowest since 1969.

Dos Equis

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1628 on: June 07, 2022, 02:51:22 PM »
Rhetorical question I presume? It seems to be the prerequisite for a career in politics.

Sad but true.

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1629 on: June 07, 2022, 02:51:47 PM »
Yep and the stage of dementia he is in causes you to be agitated easily.

Absolutely.

Dos Equis

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1630 on: June 07, 2022, 02:54:15 PM »
390,000 jobs added in May.  Unemployment rate lowest since 1969.

Are you part of the 20 percent who thinks the economy is good?

More than 8 in 10 Americans say the economy is ‘poor or not so good’ under Biden
By Snejana Farberov
June 7, 2022

More than 8 in 10 Americans believe the state of the US economy under President Biden is bleak — and many are concerned about their own finances amid soaring inflation rates, food and gas prices, according to a new poll.

The Wall Street Journal-NORC survey released Monday found that 83% of respondents described the national economy as “poor” or “not so good.”

More than a third who answered the survey — 35% — said they aren’t satisfied at all with their financial situation, marking the highest level of dissatisfaction in 50 years.

And the share of poll respondents who said their financial situation had gotten worse in the past few years was 38% — the highest since the aftermath of the 2008 global financial crisis.

The survey found that only around a quarter, or 27%, said they believe they have a good chance of improving their living standards, which represents a 20-point drop from last year’s poll results.

Meanwhile, 46% of Americans, or nearly half, said they don’t have a good chance of changing their standards of living for the better, even though the national unemployment rate is at a near-half-century low, plummeting to 3.6%.

Despite that, about 67% of poll participants acknowledged that it would be somewhat or very easy to find a new job.

Jennifer Benz, vice president of public affairs and media research at NORC, said America’s poor outlook on the economy is being driven by skyrocketing inflation, which hit a 40-year high of 8.3% in April.

The poll comes just days after President Biden said Americans are more “financially comfortable” and carry less debt since he was sworn into office.

In a speech in early May, Biden sought to reassure an increasingly grumbling public that he is “taking inflation very seriously” and has made it his “top domestic priority.”

The Democratic president blamed the high inflation rates on the COVID pandemic and Russia’s war in Ukraine, which he said has been causing prices at the pump and in grocery stores to rise dramatically across the US.

In a Wall Street Journal op-ed published last week, Biden outlined his plan to crack down on inflation by lowering the cost of household goods, slashing the national deficit and giving the Federal Reserve the authorly to rein in prices.

https://nypost.com/2022/06/07/8-in-10-americans-economy-is-poor-or-not-so-good-under-biden/

chaos

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1631 on: June 07, 2022, 05:43:02 PM »
Are you part of the 20 percent who thinks the economy is good?

No, he's just a troll that likes to take the liberal side for the attention. Kind of like dying his hair blue or piercing his nose. ;)
Liar!!!!Filt!!!!

AbrahamG

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1632 on: June 07, 2022, 06:33:12 PM »
No, he's just a troll that likes to take the liberal side for the attention. Kind of like dying his hair blue or piercing his nose. ;)

I categorically deny these allegations. 

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1633 on: June 08, 2022, 11:15:52 AM »
Rand Paul warns of ‘double digit’ interest rates, recession, and joblessness
Wash examiner ^ | June 8 | Paul Bedard
Posted on 6/8/2022, 2:08:54 PM by RandFan

Cutting through Washington’s muddled message on the economy, Sen. Rand Paul (R-KY) predicted late Tuesday that recent unchecked federal spending will result in double-digit inflation, a recession, and growing unemployment.

“I wish I had better news, but we will get through this as a country. We're a strong, resilient country, strong, resilient people. We just have to get people in charge of our government who understand that we have to live within our means,” the straight-talking senator said in a Facebook Live Q&A with constituents.

Long a proponent of a balanced budget and reduced federal spending, Paul said that after a series of mega spending bills to counter the COVID-19 economic hit, the pain is about to hit.

And unlike others in Washington, he said that high gas prices, increased mortgage rates, and unemployment will rise as a way to temper inflation eventually.

“Nobody knows the future. And this is my prediction,” said Paul. “I think we can go back to double-digit interest rates. I think that that's in our future, but I think a recession and high unemployment is too, and that's the way inflation gets cured."

Paul was addressing a question from a real estate agent worried about higher interest rates affecting sales.

“I think the Federal Reserve is going to keep putting them up a half a point every time they meet. I think that happens probably every four to six weeks until they reach the inflation rate and inflation rate is 8.5%, and we're closer to the Fed funds rate being around 3% or so. So, you can see how there's still quite a bit of ways where interest rates are going to rise. And this is something people have to think about in making their plans,” he said, advising new buyers to lock in their best rate now.


Skeletor

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1635 on: June 08, 2022, 03:25:09 PM »
Wtf.


Soul Crusher

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1637 on: June 09, 2022, 06:02:45 AM »


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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1640 on: June 10, 2022, 06:43:58 AM »
Inflation Storm Devastates US Households As Fuel, Power, And Food “Become Unaffordable”
Zubu Brothers ^ | 6-9-2022
Posted on 6/9/2022, 7:04:12 PM



The latest inflation figures are due on Friday and will reveal if consumer prices are signaling a peak or will remain at four-decade highs that have financially devastated American households.

For months, households have been battered by soaring fuel, grocery-store food, and power bill costs — all rising at double-digit annual rates for the first time since 1981, according to Bloomberg.

Economists surveyed by Bloomberg forecast consumer prices in May will be around 8.2%, versus 8.3% in April, though some leading estimates suggest a move between 8.3% to 8.4%. The print isn’t expected to deviate too much from the 40-year high of 8.5% in March, and elevated inflation levels will continue to wreck lower-tier households.



The souring economic backdrop with threats of stagflation is crushing households, and their views on the economy are bleak. The April consumer credit report from the Federal Reserve on Wednesday showed people are maxing out their credit cards as excess savings accumulated during the pandemic has been wiped out thanks to soaring prices of goods.



Consumers are struggling as they now pay $5 a gallon (national average) for gasoline at the pump, grocery prices rise by the week, and power bill costs erupt. Some Americans are getting a taste of what it’s like to live in a third-world country.

As prices for everyday expenses go up, more families are going without. Some 31% of households found it somewhat or very difficult to pay for usual household expenses, according to a Census Bureau survey conducted in late April and early May, compared with 25% at the same time last year. Nine percent of households sometimes or often didn’t have enough to eat, the survey found, compared with 7% a year ago.

The challenges are especially acute for low-income Americans who spend more of their income on necessities. Gasoline and power bills now account for about 34% of the monthly budgets for the lowest-earning consumers, up from 31% last year, according to the National Energy Assistance Directors Association.

“The cost of energy is becoming unaffordable,” said Mark Wolfe, executive director of NEADA. US consumers currently owe about $22 billion in overdue utility bills, almost double the $12 billion seen in a typical year. This all comes at a time when housing prices are also surging, up the most since 1991 as of April. Shelter costs lag other CPI categories because of how the government tracks the data, so the category could increase further in the second half, adding to household strain. “We could have severe hardship in this country,” Wolfe said. “Families’ budgets are being cut. It’s like they’re being taxed, and there’s no end in sight.” –Bloomberg

Food, power, and fuel prices are becoming an even larger share of household expenses, straining discretionary spending on big-ticket items. Target has warned about consumer behavior shifts in the last several weeks.

Meanwhile, President Biden’s polling data is dropping to new lows as the administration fails to arrest rising gasoline prices at the pump, despite all the promises made by lawmakers to fix the energy crisis. This is terrible news for Democrats ahead of the midterm elections this fall.

An inflation storm crushes households as economic growth beats to the downside and stagflation threats emerge. Consumers have maxed out their credit cards and evaporated savings, just as the Federal Reserve is engineering a downturn via aggressive monetary tightening.

Soul Crusher

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1642 on: June 10, 2022, 10:12:56 AM »
Yellen says U.S. recession unlikely, but no drop in gasoline prices soon
Reuters ^ | June 9, 2022
Posted on 6/10/2022, 11:59:29 AM by American Number 181269513

U.S. Treasury Secretary Janet Yellen said on Thursday she did not expect the U.S. economy to tip into a recession, but growth would "absolutely" slow down and gasoline prices were unlikely to fall anytime soon.

"I don't think we're (going to) have a recession. Consumer spending is very strong. Investment spending is solid," she told a New York Times Dealbook event.

"I know people are very upset and rightly so about inflation, but there's nothing to suggest that a ... recession is in the works." Yellen, who last week conceded she had been wrong about predicting inflation would be transitory, told the event she would not change U.S. policy decisions if she could go back in time.

"I wouldn't do it differently," Yellen said, saying President Joe Biden's signature $1.9 trillion American Rescue Plan was needed to prevent a generation of Americans suffering from high unemployment rates.

"Things can always happen that you don't expect. The world's very uncertain," she said.

Combating inflation was President Joe Biden's top priority, Yellen said, adding she did not expect gasoline prices, which just reached $5 a gallon, to come down anytime soon.

She said American households were clearly concerned about surging pump prices, which played a key role in shaping consumer expectations, but it was "amazing" how pessimistic Americans were about the economy given the fact that the United States now had the strongest labor market since World War Two.

Biden had done "what he can do" to address high gasoline prices by directing an historic drawdown from the Strategic Petroleum Reserve, Yellen said. She added that U.S. officials would also keep tightening sanctions aiming at punishing Russia and getting it to stop the war in Ukraine.

(Excerpt) Read more at reuters.com ...

jude2

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1643 on: June 10, 2022, 10:19:29 AM »
If Yellen says we won't be in a recession, then we will.  That stupid women is wrong about everything.

Coach is Back!

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1644 on: June 10, 2022, 01:04:03 PM »
Why aren’t the local village idiots commenting on this thread? 🤔

illuminati

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1645 on: June 10, 2022, 06:27:34 PM »
Why aren’t the local village idiots commenting on this thread? 🤔

Because they've been completely fcuked over & Even They know it.

Fucking Loonie Liberal Leftists Ruin everything with their Idiotic Thinking.

Skeletor

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1646 on: June 10, 2022, 06:37:36 PM »
Yellen says U.S. recession unlikely, but no drop in gasoline prices soon
Reuters ^ | June 9, 2022
Posted on 6/10/2022, 11:59:29 AM by American Number 181269513

U.S. Treasury Secretary Janet Yellen said on Thursday she did not expect the U.S. economy to tip into a recession, but growth would "absolutely" slow down and gasoline prices were unlikely to fall anytime soon.

"I don't think we're (going to) have a recession. Consumer spending is very strong. Investment spending is solid," she told a New York Times Dealbook event.

"I know people are very upset and rightly so about inflation, but there's nothing to suggest that a ... recession is in the works." Yellen, who last week conceded she had been wrong about predicting inflation would be transitory, told the event she would not change U.S. policy decisions if she could go back in time.

"I wouldn't do it differently," Yellen said, saying President Joe Biden's signature $1.9 trillion American Rescue Plan was needed to prevent a generation of Americans suffering from high unemployment rates.

"Things can always happen that you don't expect. The world's very uncertain," she said.

Combating inflation was President Joe Biden's top priority, Yellen said, adding she did not expect gasoline prices, which just reached $5 a gallon, to come down anytime soon.

She said American households were clearly concerned about surging pump prices, which played a key role in shaping consumer expectations, but it was "amazing" how pessimistic Americans were about the economy given the fact that the United States now had the strongest labor market since World War Two.

Biden had done "what he can do" to address high gasoline prices by directing an historic drawdown from the Strategic Petroleum Reserve, Yellen said. She added that U.S. officials would also keep tightening sanctions aiming at punishing Russia and getting it to stop the war in Ukraine.

(Excerpt) Read more at reuters.com ...

She previously said that inflation posed only a "small risk". Another dementia patient like Biden.


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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1647 on: June 13, 2022, 01:07:45 AM »
Skip to comments.

Joe doesn't know if he's coming or going: Biden says he hasn't decided to go to Saudi Arabia - seconds before confirming he IS going
daily mail ^
Posted on 6/13/2022, 2:32:35 AM by algore

President Joe Biden told reporters that he hadn't decided whether to visit Saudi Arabia to beg for more oil before seconds later saying he was indeed planning a trip there.

'Have you decided whether or not to go to Saudi Arabia,' Biden is asked by a reporter.

'No, not yet,' the president replies on camera.

But moments later as Biden spoke on the tarmac in Los Angeles at the foot of Air Force One, the president said that he was in fact going.

'What would be holding up the decision at this point? Are there commitments from the Saudi's you're waiting for?'

'It happens to be a larger meeting taking place in Saudi Arabia. That's the reason I'm going', he said. 'It has to do with national security with the Israelis. It has to do with much larger issues than the energy

Joe Biden says he hasn't decided whether to visit Saudi Arabia, who he previously called "a pariah," to beg for more oil.

20 seconds later, he says, "It happens to be a larger meeting taking place in Saudi Arabia. That's the reason I'm going." pic.twitter.com/K4bK6eAZAV — RNC Research (@RNCResearch) June 13, 2022 The White House is expected to announce the trip to Saudi Arabia and Israel this week, a source familiar with the planning said on Sunday.

Biden's trip, which is expected to take place around mid-July, could include a meeting with Saudi Crown Prince Mohammed bin Salman, the source added.

A spokesperson for the National Security Council confirmed a Biden trip to Israel and Saudi Arabia was being planned. 'We have no further trip details to confirm, but we will announce as soon as we do,' the spokesperson said

(Excerpt) Read more at dailymail.co.u

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Re: Biden failures, corruption, destruction, and collapse Thread.
« Reply #1649 on: June 13, 2022, 08:53:12 AM »
Biden Hits Another Historic Low in Poll Numbers
Real Clear Politics ^ | 9/13/22 | traderrob
Posted on 6/13/2022, 10:57:38 AM


Joe Biden has hit yet another record low for job approval on The Real Clear Politics poll average.

He also hit an historic low disapproval number on Rassmussen's daily sample at 60%. The RCP average of 8 pools now stands at 55%D-39.3%A illustrating a spread of -15.7 for the Biden presidency.

(Excerpt) Read more at realclearpolitics.com ...