The Fed Attempts To Save Biden's Disastrous Economy

[Ray From Cleveland]

Biden did not destroy our energy independence. He leased more federal land than Trump did in his first year. Explain to me why of the 800 or so rigs that were open pre-pandemic, only 650 are open now if they are not withholding oil from the market..

You have no concept how this all works, do ya?

Biden increases oil royalty rate and scales back lease sales on federal lands

The U.S. government will sharply boost royalty rates for companies as federal officials weigh efforts to fight climate change against pressure to bring down high gasoline prices.

www.npr.org

 

[Ray From Cleveland]

The Fed has no clue what it is doing. The reason we have inflation is because oil companies are keeping oil supplies low and big corporations are raising prices to fatten their profits. The Fed raising interest rates will do nothing to help the company. When people stop buying is when inflation will come down. The Fed can only harm the economy.

The reason we have inflation is because the Communists passed a bill (that Trump refused to sign) that paid people more to stay home than work. When businesses have to compete with government for workers, labor costs hit the ceiling. It created a labor shortage, a supply chain shortage, not to mention the cost of printing phony money in which to pay these people with.

In our state they calculated that between state and federal unemployment, they were bringing in close to 60K a year for a working person since people escape a lot of payroll taxes with unemployment. Our cost of living is pretty reasonable here. If you make 50K a year, you can afford a nice apartment or even buy a small house.

 

[Ray From Cleveland]

They don’t have to worry, they will just live in the government subsidized housing owned by Bill Gates.

Also because the left wants to destroy more nice safe neighborhoods by moving in their lowlifes.

Biden and Dems Are Set to Abolish the Suburbs | National Review

If suburban voters knew what the Democrats had in store for them, they’d run screaming in the other direction.

www.nationalreview.com

 

[Imnukingfutz]

Yup, I fear a FULL BLOWN depression is in our near future and the only defense will be financial liquidity.

As corrupt as our government has been let to become, from the highest of offices to the local school board seats, maybe it is time to blow it all apart and get back to true capitalism and a true government of, by and for the people.

 

[BluesLegend]

Biden did not destroy our energy independence. He leased more federal land than Trump did in his first year. Explain to me why of the 800 or so rigs that were open pre-pandemic, only 650 are open now if they are not withholding oil from the market..

Dem lying sacks of shit again claiming Biden's war on fossil fuels, Biden openly vowing to end fossil fuels, all the dirty tricks he's played to kill off our energy independence...isn't responsible for sky high gas prices.

 

[Ray From Cleveland]

Dem lying sacks of shit again claiming Biden's war on fossil fuels, Biden openly vowing to end fossil fuels, all the dirty tricks he's played to kill off our energy independence...isn't responsible for sky high gas prices.

And the brainwashed believe it hook, line and sinker. The Communists have been in total charge for nearly a year and a half, and for several years in Congress before that. In all this time, nothing is their fault........nothing.

The doubling of gasoline prices isn't their fault, the disaster at the boarder isn't their fault, out of control inflation isn't their fault, increase in violent crime around the country isn't their fault, the invasion of Ukraine wasn't their fault, the Afghanistan disaster where they funded the Taliban with 83 billion dollars of US military equipment wasn't their fault, the 13 military men and women who died because of that decision wasn't their fault, the labor shortage isn't their fault, the supply chain problems is their fault. The increase in covid deaths under Biden was not their fault. Nothing is their fault.

When Trump was President, everything was his fault. The worldwide pandemic was his fault, tornado's were his fault, California wildfires were his fault, everything under the sun was his fault.

 

[sartre play]

Federal Reserve just reported that US Corporate profits are up 25% across the board.
Highest inflation in 40 years,
Highest Corporate profits in 50 years.

 

[toobfreak]

Ironic, since the Fed buoyed the former guy’s “Greatest Economy Ever”

I'll take Trump's 2019 economy any day over Loser Joe's 2022 one!

Arrogant ignorance.

That would make a great new handle for you! Both accurate and descriptive! Or you could try "Knob Shiner," that fits well, too.

 

[Samofvt]

Federal Reserve just reported that US Corporate profits are up 25% across the board.
Highest inflation in 40 years,
Highest Corporate profits in 50 years.

Sorry, but I don't believe everything that the Federal Reserve pronounces. Most likely, it is communist disinformation. The reason I say this is that a number of the people in the Federal Reserve are/were also members of the IMF. Clinton and Obama made sure to pack that department with socialists.

There could be a grain of truth to it though: The tax breaks implemented during the Trump administration have been fully rescinded by Biden, so on the books it may look like an "increase" in taxable profits. The problem is that those tax breaks are the reason so many companies decided to come back to USA. As the IRS grabs the extra profits, those companies will no longer be able to foot the loans they needed to do business here, and will either go overseas or fail. This will cause a downward spiraling effect on the economy, leading to further shortages in the supply chain and further inflation.

 

[Blaster]

Inflation goes up and the stock market goes down. Ride Biden's see saw.

 

[Ray From Cleveland]

Inflation goes up and the stock market goes down. Ride Biden's see saw.

And because of that the feds will hike interest rates once again. Isn't it great how Democrats are looking out for the hard working men, women and children in our country?