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Demolition Men! Gasoline Prices UP 85% Under Biden, Mortgage Rates UP 93.4% Under Powell
Confounded Interest ^ | 05/14/2022 | Anthony B. Sanders

Posted on 05/14/2022 5:57:59 AM PDT by Browns Ultra Fan

I feel like we are in an economic demolition derby under Joe Biden and The Federal Reserve (with freshly reappointed Fed Jerome Powell at the helm).

Under Biden, regular gasoline prices are UP 85%. The Biden Administration recently cancelled 0il-and-gas drilling leases in Gulf of Mexico and Alaska Coast, helping to drive up gasoline prices even higher.

In the two-pronged attack out of Washington DC, The Federal Reserve is tightening their monetary policy in an effort to combat 40-year highs in inflation (caused by excessive Federal spending and Biden’s ill-advised energy policies), causing residential mortgage rates to soar 93.4% under Biden’s Reign of Error.

It is almost like the Biden Administration and The Federal Reserve are engaged in an economic demolition derby to see who can cause the most destruction to America’s middle class and lower-wage workers.

We should call the current administration and The Federal Reserve “Demolition Men.”

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government
KEYWORDS: 2022election; 2024election; anwr; biden; bidenflation; blogpimp; election2022; election2024; gasoline; keystonexl; mortgage; nevertrump; nevertrumper; nevertrumpers; nevertrumpertrolls; opec; powell
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Can we survive the remainder of Biden's term?
1 posted on 05/14/2022 5:57:59 AM PDT by Browns Ultra Fan
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To: Browns Ultra Fan

The Great Reset has begun.


2 posted on 05/14/2022 5:58:37 AM PDT by bray (The Vax is fake and deadly)
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To: Browns Ultra Fan

We are undergoing the most visions attack on the Middle Class in American history by a bunch of nasty, ill-informed, ignorant Socialists (I wouldn’t call them Communist, because Communists KNOW what they’re doing . . . these morons have no idea as to what they’re doing or the consequences!)


3 posted on 05/14/2022 6:02:31 AM PDT by laweeks
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To: Browns Ultra Fan

We’ll make it. Barely.


4 posted on 05/14/2022 6:04:20 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: laweeks

They hate the Middle Class with passion. The Middle Class has most of the money (collectively) and most of the guns (collectively) and these morons will not rest until they harass and tax the Middle Class into oblivion.

We are undergoing the most visions attack on the Middle Class in American history by a bunch of nasty, ill-informed, ignorant Socialists (I wouldn’t call them Communist, because Communists KNOW what they’re doing . . . these morons have no idea as to what they’re doing or the consequences!)


5 posted on 05/14/2022 6:05:50 AM PDT by laweeks
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To: laweeks

It is a demolition derby run by a seller of used auto parts. They are going to smash what the middle class has, and sell it, themselves.

China has arranged the event.


6 posted on 05/14/2022 6:10:25 AM PDT by Empire_of_Liberty
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To: Browns Ultra Fan

A very nice young couple are trying to buy my farm here in MO.

The farm is still held up in probate and I agreed to sell to them when probate closes.. but the wait has seen mortgage rates rise appreciably... they may not be able to handle to added expense :-/

They just love the place and they need the extra room for a soon to be expanding family. They have 15 horses who would love to get a chance at the pasture here :-) They are on a small farm with a double-wide and about 20 acres and are going to be very unhappy if this deal gets ruined by rising costs.

I can’t imagine being young again at this dangerous time in our history.. War looming, illegitimate leaders at the helm, massive inflation, famine and disease...what a mess.

The stolen election is causing pain to nice people who deserve better....


7 posted on 05/14/2022 6:31:35 AM PDT by Bobalu (Some people are psychopaths and the left is their natural home)
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To: Browns Ultra Fan
Under Biden, regular gasoline prices are UP 85%

Bull crap. You do the math using fuel prices from the summer before Biden took office


8 posted on 05/14/2022 6:36:45 AM PDT by econjack (I'm not bossy. I just know what you should be doing.)
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To: Browns Ultra Fan

The Democrats still think if they drive the price of gas through the roof people will stop driving but they never realize people have to drive no matter what


9 posted on 05/14/2022 6:38:38 AM PDT by butlerweave
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To: Bobalu

(I can’t imagine being young again at this dangerous time in our history.. War looming, illegitimate leaders at the helm, massive inflation, famine and disease...what a mess.)

It’s transitory!!

(can’t imagine what sort of fools that actually worked on)


10 posted on 05/14/2022 6:39:17 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: Browns Ultra Fan

Unfortunately, interest rates are going to have to rise to get rid of the inflation.


11 posted on 05/14/2022 6:40:11 AM PDT by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas)
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To: Browns Ultra Fan

85%?? Try again

1.89 to 4.59 isn’t 85%, it’s 242%


12 posted on 05/14/2022 6:44:17 AM PDT by HamiltonJay
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To: Browns Ultra Fan

85%?? Try again

1.89 to 4.59 isn’t 85%, it’s 142%


13 posted on 05/14/2022 6:45:09 AM PDT by HamiltonJay
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To: Browns Ultra Fan

We skipped a day, yesterday gas didnt go up- today thouhg it is up its usual $..10 cents over the previous .day thouhg. $4.89 today, but by golly none of it is bidens fault, on ho- its the war in ukraine’s fault, putins fault, trumps fault. Anything but bidens fault.

I have to hope and pray that america wakes up and boots the left to the curb for decades,on end, but sadly they will trot out some other special kind of Democrat, and America will forget the pain they just went through and think “maybe it will be different this time, maybe this democrat will help I stead of hurt the nation” UT they never do.

We had th best president for,the job, and for the country thst we could have had, but the left chea5ed him out of office simply because they beleived the lies of the left about him. BOTH sides should have been standing up for democracy by protesting the election hijinks and demanding investigations and court cases over the issue, butmof course that is unrealistic. UT still- our elections are a joke now, and we will keep ending up,with people,who hate this country as our leaders if the folks don’t wake up soon.


14 posted on 05/14/2022 7:17:06 AM PDT by Bob434 (.)
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To: Browns Ultra Fan

Probably not. But this is what the people wanted when they kicked President Trump out. They may starve to death, but at least they will die happy.


15 posted on 05/14/2022 7:21:12 AM PDT by sport
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To: laweeks

[[We are undergoing the most visions attack on the Middle Class in American history by a bunch of nasty, ill-informed, ignorant Socialists]]

Yup exactly. I will. Just add... whi are filly protected by the left and can do whatever they want to the right without fear of prosecution or accountability.

Thr Teo combined are a very dangerous combination. It gives them license to attack the right essentially. Heck, the left even pay any legal fees if a vicious socialist does manage to get arrested.

I keep saying, the left have waged a hostile violent takeover of our country, and they have all the power so,that if the right even dares,try to oppose the tyranny, they will be arrested and the key thrown away and the maximum sentences handed down, all while,their tirghts are violated, and their lives ruined for ever. Our government has gone rogue agaisnt its own citizens ( UT only the ones on the right), andmthey use all their power to choke,the life out of those who complain. And the courts back em up.


16 posted on 05/14/2022 7:23:05 AM PDT by Bob434 (.)
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To: Browns Ultra Fan

85%???

More like more than double.


17 posted on 05/14/2022 7:25:58 AM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith…)
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To: Browns Ultra Fan

📌


18 posted on 05/14/2022 7:27:05 AM PDT by Varsity Flight ( "War by the prophesies set before you." I Timothy 1:18)
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To: laweeks

I disagree.

I think they know full well what they are doing, and just tryignto pretend they don’t.

They are evil, not ill-informed or ignorant.

Just diabolically evil.


19 posted on 05/14/2022 7:27:21 AM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith…)
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To: Bobalu


20 posted on 05/14/2022 7:29:24 AM PDT by Varsity Flight ( "War by the prophesies set before you." I Timothy 1:18)
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