Posted on 05/13/2021 7:15:22 PM PDT by Rennes Templar
Joe Biden's presidency should have begun as a success story. Biden inherited a good economic situation, benefited from Operation Warp Speed's quick development of a vaccine, and got to see his predecessor make a disgrace of himself with his election-rigging conspiracy theories.
Yet instead of heading into the Roaring Twenties, liberating locked-up denizens to endless dinner parties and dances, we're seemingly regressing into 1978. With Jerome Powell promising to keep interest rates around that historically safe level of near-zero, Biden is pumping trillions of dollars into the economy to bail out blue states already benefiting from Donald Trump's own fast and loose hand, teachers' unions happy to hold tens of millions of children hostage, and (former) workers who realize Uncle Sam and Wall Street have greater profit margins than Main Street.
The result? Inflation skyrocketed by 4.2% last month. It turns out that you can't just scream "but we're the world's reserve currency!" while devaluing said currency and forcibly inhibiting economic growth with ludicrous lockdowns. We fell 75% short of the expected million jobs created, rendering this last one the worst jobs report in history.
All of this raises the question: where the hell is the man allegedly in charge here? And perhaps more importantly, where are the people apparently pulling the strings?
After Treasury Secretary (and Powell's much more astute predecessor) Janet Yellen warned that interest rates would have to rise to prevent the economy from overheating, she quickly walked back her remarks under pressure from her boss, the way all of Biden's more rational advisers are eventually forced to do.
(Excerpt) Read more at msn.com ...
“I didn’t expect the wheels to fall off with such ferocity.”
Really? What the heck did you think was going to happen?
Oh, I expected them to go south, but not in four months!
Obama didn't run the government when he was president. He was as much of a puppet as Biden is. However, the same people that controlled Obama are controlling Biden.
We'll see. In 1979 Carter appointed Volker, about the only good thing Carter did. Volker created the stagflation that got Carter booted, but stagflation was a necessary prelude to full blown recession and an end to the inflation. There's no other way to kill inflation.
We are currently in the LBJ or Nixon phase of inflation. There's no comparison to Carter (yet).
“Since Heels up Harris is a British citizen Nasty Pelosi will be there to finish him off to become pResident.”
I don’t like her either, but she was born on American soil, Oakland, CA, and that makes her a citizen of the US even if her parents are aliens from Jupiter or Mars. The is no proof or assertion she was born outside the United States soil. Her parents might be a different story, but she isn’t part of that.
Fourteenth Amendment, Section 1, which was added in 1868:
“All persons “BORN” or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”
wy69
I don't see any wheels falling off. I see the opposite. There's the iinevitable recovery from the crash last year. Then there will be the inevitable post-pandemic boom. Inflation will get entrenched but people will get used to paying more and more. The free money and wage increases will make up for part of it. People will borrow and spend before rates rise and the Fed will keep rates artificially low for a few more years at least.
If SNL wasn’t so politicized, they could do a segment(s) every week on this as a game show called: Where The Hell Is Joe Biden? They, definitely, would do this, if it was a Republican POTUS with dementia, instead!
At least Obama could give a speech and sound competent. Every time Biden speaks is comes across as a feeble old man who should be in some sort of supervised long term care setting.
“I don’t see any wheels falling off. I see the opposite. There’s the iinevitable recovery from the crash last year. Then there will be the inevitable post-pandemic boom. Inflation will get entrenched but people will get used to paying more and more. The free money and wage increases will make up for part of it. People will borrow and spend before rates rise and the Fed will keep rates artificially low for a few more years at least. “
It isn’t just money.
Who is actually in charge? Joe is not capable of leading...
Yes, there's also free government cheese but it's not very good.
Joe’s “in the closet” where he has been for a long time, taking naps and changing his loaded “nappies”.
Where is it? Stupid question. Don’t you know leftists e’ff up everything they touch?
Stevie Wonder could have seen this coming
Problem is, even if Joe is gently led away, we’ll be asking the same questions about the hapless cackling fool, Harris
Biden yesterday: “I’m not supposed to be answering all these questions”.
Yep, he’s in control.
Actually a female. Who is clueless.
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