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Appalling… Joe Biden on Rising Car Prices: “You Reduce the Demand for Cars by Making Americans Poorer” (VIDEO)
GATEWAY PUNDIT ^ | 1/9/2022 | Joe Hoft

Posted on 01/09/2022 8:31:15 AM PST by bitt

They don’t even hide their intentions anymore. As inflation continues to climb to record highs Joe Biden on Friday commented on the rise in car prices. Joe actually said if car prices are high, then one way to reduce the demand for cars was “to make Americans poorer.” It’s the Democrat way!

And people actually listen to this nonsense.

video

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


TOPICS:
KEYWORDS: autos; bidenvoters; bloggers; carprices; dementiajoe; joebiden
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To: Bob434

Biden, or whoever wrote that speech, was trying to accuse the GOP of making people poorer, but said it in a clumsy way.


21 posted on 01/09/2022 9:18:46 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: Qui is

Yup. And the new rules about multiple units where single family homes would have been built.......... Think they are doing similar in OreGONE or warshington state.


22 posted on 01/09/2022 9:20:40 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: bitt

Let’s start by making Joe, Jill and Huffing-Hunter poor. Take away all they have. Socialism has to start somewhere.


23 posted on 01/09/2022 9:27:09 AM PST by John Milner (Marching for Peace is like breathing for food.)
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https://www.youtube.com/watch?v=BPcZdgE-aXI


24 posted on 01/09/2022 9:39:36 AM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: PeterPrinciple

“but poorness is the cause of crime, racism, social injustice, hunger, etc”

Democrats meal ticket!


25 posted on 01/09/2022 9:41:00 AM PST by ProudVet97
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To: LibWhacker

Was heading into the Big A when that happened. Caught a glimpse of it out of the corner of my eye. Horrible thing.


26 posted on 01/09/2022 9:44:43 AM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: LibWhacker

Sorry but that picture should never be used for humor. That was a very tragic air disaster and many of the relatives and friends are still alive. I was stationed at Mather AFB that morning getting new dress shoes when the news came over the radio. The PSA flight had originally departed from Sacramento with a stop in Los Angeles before crashing on approach to San Diego after colliding with a Cessna. It was one of the worst air disasters in US history.


27 posted on 01/09/2022 9:47:38 AM PST by willk
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To: PeterPrinciple

It’s what democrats call full control of power even voting is in question now days they gained to much ground.
No vote or low voting and not knowing what to vote for causes it.

2022 and 2024 may be they last chance to retain freedom.


28 posted on 01/09/2022 10:09:35 AM PST by Vaduz ( )
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To: bitt

And some Freepers fall for GP clickbait for the millionth time. What’s that saying about doing the same thing over and over and expecting a different result. Well, maybe the millionth and first time, will be the one where they tell the truth. The Hofts are a plague upon us.


29 posted on 01/09/2022 10:35:42 AM PST by sunny bonobo
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To: bitt

Biden’s right - if he and his commie thugs can turn our country into a third world hellhole only members of the commie/filth will be able to owns car. Demand will go waaaaay down.


30 posted on 01/09/2022 10:56:06 AM PST by GOPJ
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To: bitt

Biden’s right - if he and his commie thugs can turn our country into a third world hellhole only members of the commie/progressive party will be able to own a car.

Demand will go waaaaay down.

I’m guessing Biden and his thugs want the same control over food - and medical care. They want to control food chains and the medicine that’s effective for treating covid. If you’re a commie party member - you and your family are treated... and you get your food from ‘official government stores’ - stores not open to the public.


31 posted on 01/09/2022 11:02:14 AM PST by GOPJ
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To: djpg
I don’t trust Gateway Pundit. Your interpretation is correct. The headline seems like clickbait.

Because it is clickbait. What GP says pResident Poopy Pants said isn't fully what he said. I saw the speech. He said either increase supply or people will get poorer when they buy a car.

That statement in and of itself is correct. Demand is far outstripping supply for a number of reasons (China Virus, Chip Shortages, Labor Shortage, Shipping issues, Supply Chain issues ...)

As much as I hate to say it because I despise pResident Poopy Pants as much as anyone on here, GP's clickbait and misrepresentation of what Herr Biden said is completely inaccurate.

GP ought to be ashamed, but hey -- apparently there is none to be had on that site.

32 posted on 01/09/2022 11:06:09 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: bitt

Communism = shared poverty


33 posted on 01/09/2022 11:10:41 AM PST by bray (The Vax is fake)
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To: brownsfan
“We’ll take things away from you for your own good”

And you'll like it!

34 posted on 01/09/2022 12:07:08 PM PST by ealgeone
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To: bitt

I think its time to remove ALL the lucre from the Biden family gained by influence peddling and quid pro quo arrangements by Hunter Biden.


35 posted on 01/09/2022 2:22:38 PM PST by Candor7 ((Obama Fascism:http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: KarlInOhio

“It’s pretty clear from what Biden said, he is claiming to be one of those who wants to produce more cars.”

No, the idiocy of his statement is consistent with the context. You can’t reduce the price of something by making more of it, unless you can make more of it at the same cost or a lower cost. Whip Inflation Now and price controls make more sense than to increase demand for raw materials and hope manufacturers won’t pass along the increased costs of the higher prices for raw materials and labor.

“Joe Biden – […] “I’m not an economist, but I’ve been doing this a long time. But here’s the way to look at it. If car prices are too high right now, there are two solutions: You increase the supply of cars by making more of them, or you reduce demand for cars by making Americans poorer. That’s the choice.”
Right Joe - you just “make more of them”. In accounting you need to measure the “cost of goods sold”. This depends on all the materials and labor used to make the product. Making more cars increases demand for all these raw materials and the demand for labor, so the cost of production will tend to go up. The sales prices may go down due to increased supply of the finished product at the same time. Therefore the car manufacturer will no longer have a profit, and eventually will go bankrupt. What manufacturer would do this? You make as many cars as you can sell at a profit based on the market price of every component, and the profit is based on the amount of capital invested, and expected return on the investment. I think everyone reading this will be angry that this demented creature reads this stuff off his teleprompter, written by his communist handlers, and doesn’t have the common sense to realize how embarrassingly stupid it is.


36 posted on 01/09/2022 3:11:30 PM PST by brookwood
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To: KarlInOhio
He does and says more than enough stupid stuff that we don't have to quote him out of context. That's a trick of the left. We should quote him accurately and even if he says something positive show how his words don't match his actions.

With the internet, there is no reason any more to use ellipsis to take out words or quote selectively from someone. Newspapers had limited number of pages and TV or radio had limited time - but internet pages should always allow the user to click on the ellipsis to see what was removed and provide links to the original source.

I feel like some "conservative" websites are actually frauds run by liberal, to undermine conservatives by feeding easily disproven lies to inattentive who forward stuff without reading it. They send stuff like this out to liberal friends and further convince the liberals that all conservatives are idiots who can't read.

It also provides cannon fodder for "fact"checkers who gain credibility by shooting down this kind of obvious lie, and then they use that credibility to attack real stuff.

37 posted on 01/09/2022 3:58:46 PM PST by edwinland
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To: bitt

Joe Biden is an evil POS, but…

Gateway Pundit. 🙄


38 posted on 01/09/2022 4:00:33 PM PST by Allegra
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...

39 posted on 01/09/2022 4:53:05 PM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: bitt

Biden is NOT advocating making people poorer.

There’s plenty of REAL things to critique him for. It’s stupid to attack him for things he didn’t do.

It’s really no different than the Democrats and media shills repeating the lie that when Trump said there were good people on both sides, he was specifically talking about KKK and racists. He repeatedly said the opposite from day one. Yet they still lie about it to this day.

Let’s not fall into that trap.

Biden is actually advocating for the average person to make more. The problem is that, with inflation and supply-chain issues, we are in danger of going the way of Venezuela.

Democrats mostly do not believe their policies will lead to this and that the problems in Venezuela are more the result of dictatorial issues. But when policies lead to an ever-increasing catastrophe, those in charge always crack the whip to keep people in line.

We need to persuasively argue against what Biden is REALLY for. Things like price controls and increasing minimum wages by government edict. Those things may give the average person a little more spending power for a very brief period of time. Then the government has to keep doing it and fixing the mess they make.

That’s how we can end up like Venezuela.

Forcing businesses to pay more than the market demands will result in fewer jobs, especially for the unskilled. It also results in huge cost of living increases. Union contracts usually require union wages to go up in relation to minimum wage also.

Price controls result in less availability of products and services because businesses and investors will put money and resources into whatever is profitable. We already have supply chain issues. We don’t want more.

What Trump was doing when he was in office was very effective in improving America’s economy. Biden and the Democrats only make excuses for their failure. We need to return to Trump’s policies and ditch the Democrats.


40 posted on 01/10/2022 1:42:09 PM PST by unlearner (Si vis pacem, para bellum. Let him who desires peace prepare for war.)
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