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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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To: Bob434

When republicans are in office, everything bad is their fault and everything good is democrats responsibility.

When democrats are in office, everything bad is someone else’s fault and everything good is their responsibility.

They’ve screwed up so much, that at this point, there’s not much good they can take credit for.


21 posted on 05/14/2022 7:30:41 AM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith…)
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To: metmom; laweeks

Yup...”O” and his minions know EXACTLY what they are doing


22 posted on 05/14/2022 7:31:29 AM PDT by goodnesswins (....pervert Biden & O Cabal are destroying America, as planned.s )
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To: laweeks

That may be true of Biden (senile idiot) and Nancy (mentality of a 7-year-old girl), but don’t kid yourself like that. The commies behind and alongside them do know what they’re doing: collapsing the economy so that socialism or communism can rise up in its place, like some warped phoenix from the ashes.


23 posted on 05/14/2022 7:31:41 AM PDT by Tolerance Sucks Rocks (Florida: America's new free zone.)
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To: laweeks
The Middle Class has most of the money.

Not. Even. Close.


24 posted on 05/14/2022 7:41:50 AM PDT by Gunslingr3
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To: Bobalu

[[I can’t imagine being young again at this dangerous time in our history]]

I was born about 30 years too late. I woild not want to grow up in today’s age either. Back in the 70”s 80’s and 90’s, even into the early 2000’s a little, everyone just got along for the most part. Didn’t matter ehat color- shows where blacks made fun of white folks were really funny, and vice versa- there was no mean spirited malicious,comedy about the other race, it was jusy good clean and very funny humor. Minorities were free to make millions just like,and other race, and a great many did. Many became billionairs. They own sports teams, businesses, you name it. Mostly,everyone was content to just get along, and to allow other to simply,live their own lives

And then Rodney king happened, and the race hustlers pounced and stoked the racism card very very hard. Then came George Zimmerman, and all hell started breaking loose because of,the race hustlers who were trying to,ruin it for,everyone by turning white agaisnt black. Black agaisnt white.

Then came blm, who with their violence and anarchy, inspired black folks all,over the nation to become extremely angry with white folks, and violent fights and assaults started taking place where roaming gangs would storm restersunts and beat the crap out of white folks eating dinner. Gangs would burn down city blocks, destroy homes, vehicles, businesses. Gangs would rob stores blind until, they had to shut down

Now we are right back where we were in say the 50’s or 40’s or so. Whites no longer trust black,folks, black folks no longer trust white folks, neither side even wants to associate with the other anymore really, because they don’t want a massive fight erupting over,an angry minority person taking something that is said the wrong way. Heck, folks are attacking and shooting fast food workers because they didn’t get lickels on their hamburger for crying out loud- c.aimingmthat they were “disrespected

Both sides are extremely hypersensitive now- on edge- all that ks to,the feckless race hustlers who cant be content to,just live and let live.

It used to,be thst the left would,just scream “racism” at everything, and that woild be the end of it because everyone knew it was false, but now they not only just scream racism, but they take a bat and bash the skulls in of anyone that objects.

I,wish I had been born 20 years earlier. I wouldn’t have to be living through all this radical nonsense. I feel,bad for,th3 kids thay have to go to public schools today. The crap they have to endure is unreal.


25 posted on 05/14/2022 7:41:53 AM PDT by Bob434 (.)
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To: econjack

$1.95? You guys were,lucky, we never got below $2.16, but still that was way better than today’s price of $4.89 (and it keeps going up $.10 every other day for 2 weeks now almost. And this was after he “fixed the issue” by “releasing oil reserves”


26 posted on 05/14/2022 7:44:12 AM PDT by Bob434 (.)
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To: Browns Ultra Fan

Biden and crew the Ted Kaczynski’s of politics.


27 posted on 05/14/2022 7:44:55 AM PDT by Vaduz ( )
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To: butlerweave

I thi k folks should buy horses, and use them. When the streets become infested with horse crsp, especially outside businesses where the horses are tied for the day, and theynhave to smell the riders all day in tne offices, they will
Push for gas vehicles again in a hurry. They will be begging for,them

Gotta practice my blacksmithing again. Might come in handy since we are being driven off of the only transportation that makes sense.


28 posted on 05/14/2022 7:47:46 AM PDT by Bob434 (.)
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To: Bob434

We actually got down to $1.87 at Sam’s club in March of 2020. Biden doesn’t have a clue what he’s doing. Within two hours of being elected, he used an EO to shut down the XL pipeline and restrict federal oil leases. On the 26th of April he withdrew leases from the Alaskan oil reserve and then this past week took another one million acres out of the leasing pool, leaving only “dry hole” lands for lease. He’s also done nothing to expedite the permitting process. Indeed, he’s staffed that bureaucracy with tree-huggers who drag things out as long as they can.

Why would he play into OPEC’s hands like this? The reason: He’s not running the show. So who is? Answer this: Who is the only President in the history of this Republic who did NOT leave DC after their term ended?


29 posted on 05/14/2022 8:10:24 AM PDT by econjack (I'm not bossy. I just know what you should be doing.)
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To: metmom

I know, znd it should be crystal clear to the nation that they screw everything they touch up, over and over and over. But sadly the nation quickly forgets the pain, and votes dem again.


30 posted on 05/14/2022 8:32:08 AM PDT by Bob434 (.)
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To: Browns Ultra Fan
Ray of hope post: a few hours ago, I was filling the tank at $4.19/gallon...adjacent to me was a large white cargo van with several passengers. North Carolina plates, so I assumed it was one of those shuttle vans that transport hippie hikers hither and yon around Appalachia. The soy boy pumping the van's gas appeared to be your standard godless hippie, long hair, lazily leaning up against the vehicle. Biden or Sanders supporter for sure, I figured. He was speaking with one of his passengers, and I overheard the following: 'Sure wish Trump was back in office...I'd only be paying $1.75 a gallon right now.' I almost fainted.

No sh*t. Are the red pills making inroads among the hipsters???

31 posted on 05/14/2022 8:46:44 AM PDT by who knows what evil? (Yehovah saved more animals than people on the ark...siameserescue.org)
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To: Bob434

Riding bikes to work in the summer is almost as bad. The riders arrive all sweaty and gross.


32 posted on 05/14/2022 10:35:19 AM PDT by Disambiguator
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To: Disambiguator

true- the more conscientious ones will shower at work if there is one, but other don’t, and wow- some are just as ripe as a hot pile of rotten potatoes- but heaven forbid someone mention it to them or they will run to their supervisors complaining about harassment


33 posted on 05/14/2022 11:00:53 AM PDT by Bob434 (.)
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