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Thread: *** OFFICIAL *** Joe Biden Presidency Thread

  1. #1181
    Platinum devidee's Avatar
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    Howís that stock market doing, fellas?

    Is this still Trumpís fault or have we moved on to everything is Putinís fault?

  2. #1182
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by devidee View Post
    How’s that stock market doing, fellas?

    Is this still Trump’s fault or have we moved on to everything is Putin’s fault?
    Biden’s newly created Disinformation Governance Board will clear up any confusion you may have on this matter shortly.



    You’d think I was kidding.

  3. #1183
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by devidee View Post
    How’s that stock market doing, fellas?

    Is this still Trump’s fault or have we moved on to everything is Putin’s fault?
    But now that you have my attention let me school you on economic reality and the reality to come


    It was not the Pandemic nor Russia’s Invasion of Ukraine that has caused our present economic problems. They only made the problems escalate more quickly

    For example: September of 2019 the Repo Market blew up because there was no available cash because the government was issuing too much debt because the government could not pay its bills with taxes and there were not enough buyers of US debt.

    I remember the boys, especially GBCP Simp & Sonatine, gawking with incredulity nightly at the repo market melting down. Good times. How quickly we forget

    We had serious fucking problems before Biden. This all stems back to 2008. The wheels were starting to come off before the pandemic.

    The pandemic and EVEN BETTER Ukraine served as a convenient lightning rod.

    But fear not. Janet Yellen just announced she fully expects more economic shocks but this time she/they will respond much more quickly with bailouts.

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    https://www.msn.com/en-us/money/mark...omy/ar-AAWHiW9

    Bitcoin isn’t gonna save you, my guy.

     
    Comments
      
      devidee: Giving Ukraine 40 billion should help.
      
      FRANKRIZZO: old skool
    Last edited by Sanlmar; 05-09-2022 at 10:46 PM.

  4. #1184
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      splitthis:
      
      FRANKRIZZO:

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      splitthis:

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      splitthis: Sick
      
      Sanlmar: Incredible and dangerous
      
      FRANKRIZZO: strength and honor
      
      herbertstemple: How can anyone argue with that?

  7. #1187
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by devidee View Post
    That this is real defies comprehension. Yet I know it is.

    Pretty much no one cares though. 25th amendment? Not a peep. You really are witnessing the end of any respect we once had for the institution of President. He is an insult to the office.

    We have Americans sitting outside the homes of Supreme Court Justices. The Supreme Court was once a hallowed institution too. It was serious shit.

    Biden isn’t willfully incompetent. Senility isn’t a lifestyle choice, Our failed democracy made Biden possible. It’s truly unbelievable where we are at.

    There will be much more to keep you busy Davidee.

  8. #1188
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    Iím not an economist. This is good, right guys?

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  9. #1189
    Owner Dan Druff's Avatar
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    This was an article from February, with CNBC conceding that Biden "misread" the inflation threat: https://www.cnbc.com/2022/02/04/how-...on-threat.html

    Remember in 2021 when Biden was insisting first that inflation wasn't happening, and second that it was short-lived, and only driven by the cost of used cars (lol)?

    Hassett was part of a trio of former White House economists, including Clinton Treasury Secretary Larry Summers and Obama CEA chair Jason Furman, who warned early in Bidenís term that inflation was afoot, when the government was more concerned with Covid. They parsed different data but arrived at the same conclusions: Trillions in stimulus spending being plowed back into the economy when companies couldnít produce enough of what consumers wanted would drive prices higher.
    Ya think?

    Remember when Republicans were saying this, and all Democrats could do was keep pumping more free money into the post-vaccination economy?

    This turned out to be the biggest and most easily preventable blunder of modern times. The stagflation of the late '70s and early '80s was a result of a complex set of circumstances which weren't particularly easy to see in advance. This was super predictable, and Biden did it anyway.

    The article also describes that current members of the White House staff are former Fed/Treasury employees, leaving too little room for independent thinking or criticism or independent thinking.

    The other problem, of course, is that Biden himself isn't in control. He's a doddering old fool who barely knows what month it is. He isn't capable of making real decisions anymore.

    What a fail.

     
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      devidee: How many Republican voted to send 40B to Ukraine?
      
      FRANKRIZZO: doddering fool confirmed

  10. #1190
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    Inflation is clearly Putin’s fault you guys…

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    If you don’t believe the current administration, that means you are an FSB shill.

     
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      Sanlmar: Ooof
    Last edited by devidee; 05-11-2022 at 11:04 AM.

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      splitthis: He has to gooooooo

  12. #1192
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    I’m not saying the upcoming economic collapse is being purposely orchestrated.


    BREAKING: Biden admin cancels oil and gas lease sales in Alaska, Gulf of Mexico.

  13. #1193
    Master of Props Daly's Avatar
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    Quote Originally Posted by Dan Druff View Post
    This was an article from February, with CNBC conceding that Biden "misread" the inflation threat: https://www.cnbc.com/2022/02/04/how-...on-threat.html

    Remember in 2021 when Biden was insisting first that inflation wasn't happening, and second that it was short-lived, and only driven by the cost of used cars (lol)?

    Hassett was part of a trio of former White House economists, including Clinton Treasury Secretary Larry Summers and Obama CEA chair Jason Furman, who warned early in Bidenís term that inflation was afoot, when the government was more concerned with Covid. They parsed different data but arrived at the same conclusions: Trillions in stimulus spending being plowed back into the economy when companies couldnít produce enough of what consumers wanted would drive prices higher.
    Ya think?

    Remember when Republicans were saying this, and all Democrats could do was keep pumping more free money into the post-vaccination economy?

    This turned out to be the biggest and most easily preventable blunder of modern times.
    The stagflation of the late '70s and early '80s was a result of a complex set of circumstances which weren't particularly easy to see in advance. This was super predictable, and Biden did it anyway.

    The article also describes that current members of the White House staff are former Fed/Treasury employees, leaving too little room for independent thinking or criticism or independent thinking.

    The other problem, of course, is that Biden himself isn't in control. He's a doddering old fool who barely knows what month it is. He isn't capable of making real decisions anymore.

    What a fail.
    As much as Iíd like to pile on here this isnít as straight forward as you make it out to be. This was never ďpreventableĒ. If they took similar measures 6-9 months ago the market would have taken a shit the same way as it is now and Covid wasnít as dead a issue then as it is now.

     
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      Sanlmar: 100% correct.

  14. #1194
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    Massive baby formula shortageÖ

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    Prolly just a jooincidence.

     
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      splitthis: Fuck that asshole

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  16. #1196
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    I donít even blame Joe Biden, because itís not his fault, but you guys realize that everything is collapsing this year. And I mean everything.

  17. #1197
    Plutonium Sanlmar's Avatar
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    A tumble down those stairs and we are swearing in Kamala.

  18. #1198
    Owner Dan Druff's Avatar
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    Quote Originally Posted by Daly View Post
    Quote Originally Posted by Dan Druff View Post
    This was an article from February, with CNBC conceding that Biden "misread" the inflation threat: https://www.cnbc.com/2022/02/04/how-...on-threat.html

    Remember in 2021 when Biden was insisting first that inflation wasn't happening, and second that it was short-lived, and only driven by the cost of used cars (lol)?



    Ya think?

    Remember when Republicans were saying this, and all Democrats could do was keep pumping more free money into the post-vaccination economy?

    This turned out to be the biggest and most easily preventable blunder of modern times.
    The stagflation of the late '70s and early '80s was a result of a complex set of circumstances which weren't particularly easy to see in advance. This was super predictable, and Biden did it anyway.

    The article also describes that current members of the White House staff are former Fed/Treasury employees, leaving too little room for independent thinking or criticism or independent thinking.

    The other problem, of course, is that Biden himself isn't in control. He's a doddering old fool who barely knows what month it is. He isn't capable of making real decisions anymore.

    What a fail.
    As much as Iíd like to pile on here this isnít as straight forward as you make it out to be. This was never ďpreventableĒ. If they took similar measures 6-9 months ago the market would have taken a shit the same way as it is now and Covid wasnít as dead a issue then as it is now.
    Not sure how you can say this.

    The economy was primed for a roaring recovery in mid-2021, given that everyone who wanted a vaccine could get one, and everyone should have been cut off from assistance and told to go back to work.

    Instead, more free money kept pumping, which caused a huge labor shortage. That, combined with foreign policy and port mismanagement, caused a supply chain issue. That, in turn caused a situation where there was both a lot of extra money in the economy, yet not enough goods to meet demand. Businesses also had extra expense due to idiotic COVID red tape and higher pay for these aforementioned workers who otherwise wouldn't come. The result? Everything got more expensive.

    Had the free money spigot been shut off in early 2021 (basically right when Biden took office), and businesses were allowed to open up and resume activity normally, we'd be in FAR better shape right now.

    We are now experiencing the after-effect of all of the 2021 mistakes. Additionally, it's actually STILL hard to find employees. Lots of people still have money saved up, and others are subsisting on gig jobs until they really hit bottom and have to go back to work. There should never have been a worker shortage, once the vaccines were available.

  19. #1199
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  20. #1200
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    Quote Originally Posted by Sanlmar View Post
    That this is real defies comprehension. Yet I know it is.

    Pretty much no one cares though. 25th amendment? Not a peep. You really are witnessing the end of any respect we once had for the institution of President. He is an insult to the office.

    We have Americans sitting outside the homes of Supreme Court Justices. The Supreme Court was once a hallowed institution too. It was serious shit.

    Biden isnít willfully incompetent. Senility isnít a lifestyle choice, Our failed democracy made Biden possible. Itís truly unbelievable where we are at.

    There will be much more to keep you busy Davidee.

    this is guaranteed at this point. demographics combined with the proliferation of the welfare state and the destruction of the traditional family are the primary culprits.

    a penny for your thoughts...
    he tries to fly under the radar with his gay big words - Big Bird

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