Americans have lost $4,200 in income under Biden, wiping out Trump gains: Heritage

I supported investigating the rape claim against him. Got something other than lame whataboutism or can you muster enough integrity for a real response?

 

You can make up all kinds of excuses. The court of public opinion, the people that is, are holding Biden responsible. Whether he is at fault or not, people expect the leader to fix the problems or offer solutions. I am gonna assume that people are tired of Biden's bottomless excuses like pointing fingers at Trump or MAGA hat wearing Trump supporters are bigger threat than ISIS. Great leaders don't make excuses and know when to admit fault.

 

Where were you when Trump was in office? Lol, cute.

 

Leftists cannot be consistent for once.

High gas prices under a Republican president, administration is in bed with big oil.

High gas prices under a Democrat president, the war in Ukraine, supply and demand, inflation, blah blah blah.

 

Were you under the impression that you had a point of some kind or were you just projecting your inconsistency onto others? Seems like the latter.

 

This isn't about Trump. Thought I brought up Trump since the media and the administration are consistent at east when it comes to blaming Trump or Trump make a good scapegoat to divert attention away the administration's failure.

 

Trump was literally brought up in the subject line.

 

Lol... because what I said is what we see daily in the news. Scroll through Yahoo's home page and tell me how many Trump or Trump related articles you find. The Kardashians are up there competing with Trump for sure.

 

Unfortunately you cannot tell the difference between comparison and consistently blaming Trump.

 

My post is full of them, stop with the phony dodges for lack of a rebuttal.

You claimed some academic authority...........then let's have your rebuttal of my post.

Try again and the "intellectual honesty" thingy gets my post deleted as it will your so try to be civil.

 

All you would have to do is actually bring up the metric you'd like to discuss, which so far you have vehemently been opposed to.

 

OK if you aren't willing to debate then don't respond anymore, white flag noted.

 

yep, Trump wanted the price of oil to go up

 

Yes, that happened during that period.

But, you can not pin that on Biden.

The reasons we experienced inflation don't have to do with Biden policy. Serious analysts point out that the inflation we see was not specific to America. It comes from conditions in the world, due to COVID, supply chain interruption, and oil turmoil brought on by the war in Ukraine.

The US president and congress don't get to control those things, though they can release oil from the strategic reserve, raising supply - which lowers price. So, Biden did that, and Republicans responded negatively. Did they Repos not understand the oil market? Or, do they just respond with partisan hate without any regard for the good of America???

And, the fact that interest went up IS what our banking system does in order to fight inflation.

When people asked for government to control inflation, they should have know that the way government can do that is through rising interest rates.

 

Baloney. Historically you don't get out of a deep recession to a full blown recovery the next year.
It always takes 1 or 2 years to go from a big negative GDP, to a mild negative GDP to a positive or something like that.
And just because loads of people are looking for a job, doesn't mean the job opportunities simultaneously appear like christmas presents under the tree in the middle of 1 night.

Trump borrowed massively in 3 years to invest in the economy.
The result was about the same numbers of the last 6 years of Obama.
Trump lost his investment completely and doubled down on the loan for Covid.
So he did not even have short term success on the loan, and were stuck with his bill.

During the non covid years.....
He achieved a reduction in unemployment of 0.6% a year.
Obama had that too.
he achieved between +2% to +3% GDP growth
Obama had that too.
But Trump needed a massive loan to be able to do that.
So yeah.. I rather have what Obama did and not get that bill.

You say this, while the GDP was rather negative in 2009, the last year GWB was in office.

I'm being totally fair for Trump, by looking at his "accomplishments" that he did have before the pandemic hit.
We all know that everything world wide closed down for a long period, shutting down trade and business opportunities.
The US is part of the global economy, and so that thunders through in to the domestic numbers. It's beyond Trump's control.

In the same way GWB not only crashed the domestic economy, but also the world economy.
US companies earning crap all because the EU was still in a recession. It was not something within the control of Obama.

In the same way the war Ukraine is causing Ukraine not pounding out massive amounts of raw metal and food,
is causing a massive shortage of metal and food = massive increase in prices
In the same way the EU is buying American gas because they are partially/mostly blocking Russian gas.
That is causing a massive increase in prices of American made gas.
This is beyond control of Biden, unless you want to nationalize the American coal and oil industry.


But I guess you MAGA people think the US is on this distant island where they do not influence the world, and where the world has no influence on the US.

 

Same tired excuse. Republicans are at fault for high gas prices when a GOP is in office. Democrats have no control over gas prices when a Democrat is in office.

As for controlling inflation, the administration could have took action when news about inflation first came out rather than denying for a year before admitting that inflation is real.

 

Since that is not what I said......................
No it can take just a couple of quarters to end a recession.

2000 4.1
2001 1.0 - recession 3/01 - 11/01
2002 1.7
2003 2.9
2004 3.8
2005 3.5
2006 2.9
2007 1.9
2008 -0.1 - recession 12/7 - 6/9
2009 -2.5
2010 2.6
2011 1.6
2012 2.2
2013 1.8
2014 2.5
2015 2.9
2016 1.6
2017 2.4
2018 2.9
2019 2.3

Don't expect me to declare Trump the most fiscal conservative out there, far from it. Nor the more recent Republican Congresses. But even he doesn't compare to Dem spending and budgets and the fact remains CONGRESS has more control over budgets than Presidents. In fact it was President Trump who had his cabinet heads come up with budget cuts but they were never passed. And are you going on record here stating you opposed the first round of COVID relief spending when all the state governments were shutting business throwing people out of work? Is THAT your position?

Here are the facts
2007 -160,701
2008 -458,553
2009 -1,412,688
2010 -1,294,373
2011 -1,299,599
2012 -1,076,573
2013 -679,775
2014 -484,793
2015 -441,960
2016 -584,651
2017 -665,446
2018 -779,137
2019 -983,592
2020 -3,129,234
2021 estimate -3,668,679
2022 estimate -1,836,951

The the Reps 2007 budget was heading to surplus when the Dems took back the Congress. Bush held them to JUST the $458B in 2008 but they cut him out completely in 2009 with their budget busting $1,400B including Obama's huge stimulus which was supposed to mitigate the recession which it did not. Then their huge defictis the following years until the Reps took back the House and SOTH Paul Ryan leading the way cot the deficit in half by forcing sequester and austerity onto Obama. We all lost his fiscal conservatism as more RINO were elected but even that has been no match for Biden and the Dems his first two years and his demands for even higher deficits with his spending plans.

The Dems BY FAR run the higher deficits

Obama said his stimulus would hold unemployment to 8%. Instead it shot to 10% and stayed over 8% for the next THREE YEARS. Then it trickled down in the worst recovery in modern history. Sorry there is no way to put lipstick on the ugly pig of Obama's employment record.

Again, where did they both start? See the history above, again the weakest recovery in modern history.

Yes after the Dems had taken back the Congress a year before the recession began. Too bad had the Reps been in there they would have taken steps to mitigate it and get us into a full recovery as they did in 2001.

The US leads that economy and we went into recession begore the others and went deeper than the other western economies. Everything Biden has down to our energy, or fiscal policy, our tax policy, our business policy has led us here and he has no solutions other than let the FED send us into a recession. But of course he wants to use that as an excuse to continue his massive spending increases.

GWB did not crash the economy. If it was beyond Obama's "control" then he should never have been elected President. He was a Senator in that 2007 Congress and supported and voted for all their policies and their lack thereof and exacerbate the recession with his own policies as President. You can't excuse him away by blaming others as you are trying to do with Biden.

We could be doing it here especially on the energy front but READ MY SIG. And Biden is President and in charge of our foreign policy and national security TOO.

So you think trying to label me strengthens you argument? ...........................

 

If you want to know why oil costs what it does, you have to look at stats concerning the oil market.

The reason for oil becoming expensive recently wasn't due to actions taken by Biden. That had to do with the disruption caused by the war in Ukraine and the subsequent reaction in the oil commodities market that is how oil is priced.

That had nothing to do with acts by Biden. And, Biden has moved to increase supply by selling oil from our strategic petroleum reserve - a move that has been made by past congresses and presidents on a number of occasions. Also, there has been a move to investigate why gas prices are not tracking oil prices as closely as one would expect. They aren't going to be in lock step, as oil isn't the only component of transportation fuel.

Trump DID work to increase the price of oil by negotiating with the Saudis to reduce the amount of oil they were selling. That would reduce supply, which is a key way to cause price to increase. Such a move WOULD make the primary component of transportation fuel cost more.

Trump was responding to the unusually low price of oil, which was causing serious financial stress on oil companies.

 

Read my sig and NOTHING has changed in his policy.

 

Lol..gas prices hit $6.59 to $6.79 today. The media aren’t reporting the high prices. I wonder why.

 

So let's get this right, it's your style but I want to understand the thought process.

First you claim he can't read a graph, that you didn't post.
Now you're asking him for a metric for you to look at that he never said anything about?

So you think oil at 0.00 dollars a barrel benefitted America? Are you so obtuse that you think you can bankrupt America? What your describing is saving americans trillions from bailing out the most basic important businesses in America, ENERGY. His leadership actually saved us from bailouts, and guess what, some how, some way the gas prices were, and remain cheaper than Biden's by 30%. I agree Biden has ZERO and I mean ZERO intelligent people in his Energy department. High gas prices hurt inflation unnecessarily more, and It's been since WW2 that a President was dumb enough not to have a oil lease. This when prices were rising like crazy, so hey, it'll be a great idea to really hurt America in gas and energy, maybe they'll want more windmills. F'ing brilliant.

 

What change did you want to see?

The increase in interest rates is a direct and fully expected step by government to attack inflation. Biden and congress don't have control of that step, but that step has not been opposed and it is the standard approach.

The sale of strategic petroleum reserve is a direct step that Biden took against fuel prices.

Again, please list what you think Biden and congress should be doing.

 

You seem all over the board here.

Biden doesn't have gas prices. That's not how gas price is set.

An oil price of $0 wouldn't bankrupt America. But, oil from the petroleum reserve is a sale, not a give away.

 

Because it's a bullshit statistic.

The cost of living is significantly lower in red areas, meaning the value of the dollar is worth more.

When the federal government collects taxes, it's based on a percentage. When people in San Francisco pay taxes to the fed, it's significantly higher than rural Mississippi SOLELY because democrats have created an environment that devalues the dollar.

Then the fed redistributes those dollars based on things like population, and of course the higher value states will get more back.

You're making the case to reduce the size and impact of the federal government without knowing it.

 

OFFS!! This again? Do we need to, for about the 100th time, debunk your nonsensical claim?

Oil Trades Below Zero Across U.S. as Futures Market Craters

Non-paywall site here