Posted on 03/11/2022 2:52:27 PM PST by billorites
If oil prices were still negative or under $30, Putin wouldn’t had anyone to sell his oil to, except the Chinese, whose economy we could also crash. That was under Trump. And, Trump would have actually attacked the Russians if they crossed into Ukrainian territory.
The last time we had this level of inflation was 40 years ago, and the Fed discount rate was close to 20%.
This country does not have serious leadership.
May Day. May Day. May Day.
I get it now. The insane media orgasm over Ukraine is to focus the anger at Putin and away from biden’ s failures.
borrow & spend liberalism has been proven to be a bigger failure than tax & spend liberalism was. Needless borrow & spend stimulus in 2008 did nothing except keep the price of gas from falling to $1.50 to keep us OUT of recession, instead driving up gas price to $4 & causing a crash. The housing market was not the problem, nor was the bond market the problem. Democrats claimed their 2008 election-buying stimulus checks would avert a Bush recession (Federal Reserve had raised its funds rate over 400% between 2004 & 2006 to put the brakes on the Bush recovery “to slow the economy THRU HOUSING to keep wages from rising”, (ie reduce demand for labor) said Bernanke in summer of 2006.....so Bush did not cause a slowdown & the slowdown was intentionally caused by the Fed policy. Democrat stimulus combined with Fed reversing & slashing rates in 2008, led to a surge in gas prices and crashing consumer confidence & spending, when the unemployment rate rose to 7.5%. But by the time Obama took office in 2009, the price of gas was $1.85 and the recession was over much earlier than expected.....except that Obama—instead of keeping his promise to raise taxes and cut spending...did the exact opposite after the Fed had cut to 0% in late 2008........which with falling gas prices, was all the stimulus Obama needed....but when combined with Fed’s QE2 -—Obama’s $1trillion shovel ready jobs bill and Obamacare did nothing but cause gas and food prices to double while the Fed was claiming there was zero inflation, because “core” inflation excludes food & energy prices people pay often, but overweights the price of homes—which is not a consumer price at all.......it wasn’t until late 2013 with austerity budgets and the end of QE2 that the economy actually recovered from recession caused by the Fed and Democrats. The bailouts were completely unnecessary
Under Carter-—PRIME rate was 22%.
The other day I was putting gas into my car when I noticed how several stickers where Biden points and says “I did that” had been removed.
Now … why would someone remove them? Heh … heh….
Now … why would someone remove them? Heh … heh….
The hardest thing to explain is the glaringly evident which everybody
had decided not to see.
--Ayn Rand
Seriously, if I was the store operator, I would take them off and put them on the counter for resale.
These scumbags will stop at nothing, its the oil companies because they have the leases and don’t want to drill, its Russia, cant wait to put these pri## in trial
Everyday I miss Trump.
See today's. It's gas, CDC, and muzzle related...
I was thinking they (as Biden supporters) felt mocked and offended.
Who do you despise more? Putin or Fauci?
Who do you despise more? Putin or Fauci?
Yes!
More like the obama/jarret/rice I hate the USA fee
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