Republicans Have No Plan to Fix Inflation

[Wickerthing]

Yes his war on energy. I listed his actions. Here they are again:
1. He pissed off the Canadians by killing the KeystoneXL pipeline, that’s 500,000 bbls a day he killed.
2. Xiden sold us out by approving the Nord Stream 2 pipeline, after Trump had it stopped, giving Putin cash to modernize his military and invade Ukraine, and his “war on energy” keeps fuel costs high.
3. Xiden is ruining the US energy sector with his stupid EOs, he wants Russia to pump more oil?? WTF?
4. Xiden killed Israel’s EastMed gas pipeline to sell gas to the EU, Putin’s whore strikes again.
5. Xiden killed the development of ANWR, but he’s begging Putin to pump more oil???
6. Xiden’s “war on energy” is pushing gas and diesel to unaffordable levels, causing “runaway inflation”.

Here is Joe saying he will end fossil fuels.


If Joe wanted to lower the price of gas and diesel he would do what API requested

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The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.

www.api.org

1. Lift Development Restrictions on Federal Lands and Waters
The Department of the Interior (DOI) should swiftly issue a 5-year program for the Outer Continental Shelf and hold mandated quarterly onshore lease sales with equitable terms. DOI should reinstate canceled sales and valid leases on federal lands and waters.

2. Designate Critical Energy Infrastructure Projects
Congress should authorize critical energy infrastructure projects to support the production, processing and delivery of energy. These projects would be of such concern to the national interest that they would be entitled to undergo a streamlined review and permitting process not to exceed one year.

3. Fix the NEPA Permitting Process
The Biden administration should revise the National Environmental Policy Act process by establishing agency uniformity in reviews, limiting reviews to two years, and reducing bureaucratic burdens placed on project proponents in terms of size and scope of application submissions.

4. Accelerate LNG Exports and Approve Pending LNG Applications
Congress should amend the Natural Gas Act to streamline the Department of Energy (DOE) to a single approval process for all U.S. liquefied natural gas (LNG) projects. DOE should approve pending LNG applications to enable the U.S. to deliver reliable energy to our allies abroad.

5. Unlock Investment and Access to Capital
The Securities and Exchange Commission should reconsider its overly burdensome and ineffective climate disclosure proposal and the Biden administration should ensure open capital markets where access is based upon individual company merit free from artificial constraints based on government-preferred investment allocations.\

6. Dismantle Supply Chain Bottlenecks
President Biden should rescind steel tariffs that remain on imports from U.S. allies as steel is a critical component of energy production, transportation, and refining. The Biden administration should accelerate efforts to relieve port congestion so that equipment necessary for energy development can be delivered and installed.

7. Advance Lower Carbon Energy Tax Provisions
Congress should expand and extend Section 45Q tax credits for carbon capture, utilization, and storage development and create a new tax credit for hydrogen produced from all sources.

8. Protect Competition in the Use of Refining Technologies
The Biden administration should ensure that future federal agency rulemakings continue to allow U.S. refineries to use the existing critical process technologies to produce the fuels needed for global energy markets.

9. End Permitting Obstruction on Natural Gas Projects
The Federal Energy Regulatory Commission should cease efforts to overstep its permitting authority under the Natural Gas Act and should adhere to traditional considerations of public needs as well as focus on direct impacts arising from the construction and operation of natural gas projects.

10. Advance the Energy Workforce of the Future
Congress and the Biden administration should support the training and education of a diverse workforce through increased funding of work-based learning and advancement of STEM programs to nurture the skills necessary to construct and operate oil, natural gas and other energy infrastructure.

Typical Trumper. Ignore common sense and go with the blame game. Production is UP. Refiners and Big Oil are making huge profits! The American consumer is being robbed by them, not Biden!

 

[Wickerthing]

You do realize Biden gave the northstream pipeline to fund Putin's war? Trump had him almost bankrupt. Now we are sending billions to Ukraine to fight the war that Biden let happen. Biden got 3.5 million from russia and millions from Ukraine. You really that stupid not to see what's really going on? Both sides are guilty, but you being ignorant. Doesn't help us at all.

So full of shit. Trump was Putin's sycophantic lap dog!

 

[Wickerthing]

Government makes more off gas than the oil companies. So we should cut their profits? Rught?

WTF???

 

[Smokin' OP]

You do realize Biden gave the northstream pipeline to fund Putin's war?

Really?
First, it's NORDSTREAM, moron.
Second, Biden dropped sanctions on the NORDSTREAM pipeline in May of 2021.
The pipeline was completed, 3 months month later in September.
Third, the NORDSTREAM pipeline didn't have one cubic foot of natural gas that flowed through it.

Trump had him almost bankrupt.

No, he didn't.
Trump's "sanctions" in 2019 never stopped construction.
It was 95% complete when Biden lifted sanctions.

Now we are sending billions to Ukraine to fight the war that Biden let happen. Biden got 3.5 million from russia and millions from Ukraine. You really that stupid not to see what's really going on? Both sides are guilty, but you being ignorant. Doesn't help us at all.

Sure, JknowNOTHING.

 

[jknowgood]

So full of shit. Trump was Putin's sycophantic lap dog!

You're so full of crap, that story was made up by Hillary.

 

[jknowgood]

WTF???

Yes the federal government gets 18 cent per a gallon and taxes the profits. Sells them leases and permits.

 

[jknowgood]

Really?
First, it's NORDSTREAM, moron.
Second, Biden dropped sanctions on the NORDSTREAM pipeline in May of 2021.
The pipeline was completed, 3 months month later in September.
Third, the NORDSTREAM pipeline didn't have one cubic foot of natural gas that flowed through it.

No, he didn't.
Trump's "sanctions" in 2019 never stopped construction.
It was 95% complete when Biden lifted sanctions.


Sure, JknowNOTHING.

Lol, truth hurts.

 

[Smokin' OP]

You're so full of crap, that story was made up by Hillary.

No, just repeated by Hillary.

Do you think Putin will be going to The Miss Universe Pageant in November in Moscow - if so, will he become my new best friend?

- Donald J. Trump (@realDonaldTrump) June 19, 2013

 

[Smokin' OP]

Lol, truth hurts.

FOX "truths", only hurts the gullible.

 

[beautress]

Typical Trumper. Ignore common sense and go with the blame game. Production is UP. Refiners and Big Oil are making huge profits! The American consumer is being robbed by them, not Biden!

Commie Garbledegook! You fell for the left of leftist trash in college, and you're gonna save everybody except bad bad people you decide is bad because somebody handed you the lie and you continued it like a good little sheeple. I'm just gonna hurl.

 

[j-mac]

Thanks for adding a bit of real truth to this thread that had degenerated into a political quagmire. The fact is neither Biden nor any president can do much to stop inflation. Government spending certainly increases the money supply which is inflationary. However, the Fed has the tools to control that expansion which unfortunately did not happen.

When Trump took office, GDP growth had been running 1.5% to 2%. Hoping to delivery on campaign promises, he appointed Powell Chairman of Federal Reserve because he new he would lower interest rates which he did, 2.5% to .25% which where the rates were up till about 4 months ago.

The biggest mistake Biden made in regard to inflation was nominating Trump's fed chairman who was quick to cut interest rates and slow to increase them. Anyone that knows anything about economics could see that by summer of 2021 inflation was getting out of control as the demand for goods and services were rising rapidly. Yet Powell kept the federate rate at .25% till inflation had reached nearly 7% in 2022.

The most powerful tool a president has to fight inflation is appointment of the Chairman and governors of the Federal Reserve because the FED controls the money supply and money determines how fast the economy can expand.

United States Fed Funds Interest Rate

The benchmark interest rate in the United States was last recorded at 5.50 percent. This page provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus...

tradingeconomics.com

United States Inflation Rate

Inflation Rate in the United States decreased to 3.40 percent in April from 3.50 percent in March of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

Who appointed Yellin?

 

[jknowgood]

No, just repeated by Hillary.

Do you think Putin will be going to The Miss Universe Pageant in November in Moscow - if so, will he become my new best friend?

- Donald J. Trump (@realDonaldTrump) June 19, 2013

Created by Hillary, there fixed it for you.

 

[jknowgood]

FOX "truths", only hurts the gullible.

I haven't had cable since 2009. Try again.

 

[DBA]

So full of shit. Trump was Putin's sycophantic lap dog!

In what way? What policies did Trump implement that helped Russia and hurt the US?

 

[kyzr]

Yep, but the difference is the rate of the increase nearly doubled after the Ukraine invasion. Gas prices started rising Under Trump on 4/6/2020 and continued steadily rising until Ukraine, then the the rate accelerated..

Gas prices were stable until Biden was elected and he declared "war on energy" in November 2020.
They have been rising ever since.

 

[kyzr]

Typical Trumper. Ignore common sense and go with the blame game. Production is UP. Refiners and Big Oil are making huge profits! The American consumer is being robbed by them, not Biden!

Typical lying democrat. Never put up a single fact, just keep lying and lying and lying.

 

[Smokin' OP]

I haven't had cable since 2009. Try again.

Still doesn't isolate you from the toxicity, they spew, you have the internet.

 

[Smokin' OP]

Created by Hillary, there fixed it for you.

So, Hillary created the Trump- Putin/Russia bromance?

Damned, she is good.

 

[Redfish]

We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.

I say they have no plan because spending by trump contributed to the inflation.

Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.

Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.

Fact-checking Republican attempts to blame inflation on Democrats

As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...

www.cnn.com

And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.

Fixing inflation is simple. Since all prices are controlled by the price of energy, the solution is to reverse senile Joe's cancellation of Keystone, and his blockage of all new drilling in the USA. The inflation we are dealing with today is all of Joe's making, because its all tied to the cost of fuel. His blaming it on Putin and the oil companies is just plain wrong.

 

[Redfish]

So, Hillary created the Trump- Putin/Russia bromance?

Damned, she is good.

She is the most corrupt human being ever to enter politics. There was/is no Trump/Putin partnership, bromance, or anything else. What there is is a corrupt relationship between Biden and Ukraine, Biden and China, and Biden and Russia. Then there is the Clinton crime family and their hit squad who kills off all who speak out against them. The real corruption in the US today has a D behind its name.