Biden lies about inflation.....again

[BigPapaKain]

(05-15-2024, 05:28 PM)Mike M (the other one) Wrote: GOOOOOOOOOOOOOOOOOOO CLIMATE CHANGE! Isn't that what he campaigned on? 
Guess he's just a sneaky little liar!

So you think we can just turn the switch off on fossil fuels and everything will be hunky dory?

I got a bridge to sell you in Death Valley.

[Goalpost]

I have minimal confidence in this administration when it comes to inflation. . From erroneously calling inflation transitory. To admitting that the Inflation Reduction Act was misnamed. It will be fixed eventually but there have been some silly gaffes along the way.

[Mike M (the other one)]

(05-15-2024, 05:58 PM)NATI BENGALS Wrote: There are campaign talking points. And then there is reality. If Russia hadn’t started a war I don’t think we would be producing more oil than any other country.
Not another foot of border wall was a thing too. Yet here we are.
https://apnews.com/article/border-wall-biden-immigration-texas-rio-grande-147d7ab497e6991e9ea929242f21ceb2
Is it really that weird for a position to change on a subject that has so many variables and external forces at play? My answer is no.

And yea. Climate change.
https://youtu.be/S_42LsKGcVo?si=hJNrh-9ZxwWcjZGh
But as the richest most powerful country in the world why would we try to do anything about it? In fact we’ll just let big oil write the laws and roll back any regulations they want as long as they fund the GOP. Am i right?

No, what you are seeing is the results from Trump's policies on Oil
Which was another thing Biden started undoing right away when he took office. Couldn't stop what was already underway, but did make getting more land costlier and froze alot of the numbers that were already done. Don't worry, in a couple years we will feel the fall out from it as well. Usually takes a few years for the effects to be felt.

Remember when Biden tossed $7.5B at clean energy for new EV stations? ya me too, so far the result is 7 stations... hefty price tag when you aren't establishing standards for anything. Just a waste the way we are doing it.

[Mike M (the other one)]

(05-15-2024, 08:35 PM)BigPapaKain Wrote: So you think we can just turn the switch off on fossil fuels and everything will be hunky dory?

I got a bridge to sell you in Death Valley.

Aww boo hoo!

I know you can't, but it's not gonna stop Dems from trying. They just keep on tossing money at Energy Projects and we just keep watching them fail. 
Doesn't take a genius to figure out what they are doing wrong

[Mike M (the other one)]

(05-16-2024, 07:47 AM)Goalpost Wrote: I have minimal confidence in this administration when it comes to inflation. .  From erroneously calling inflation transitory.  To admitting that the Inflation Reduction Act was misnamed.  It will be fixed eventually but there have been some silly gaffes along the way.

Just wait, they will re-write the formula.. Obama taught them that neato trick to do when the numbers aren't favorable on Un-employment and Immigration sides.

[StoneTheCrow]

(05-16-2024, 01:34 PM)Mike M (the other one) Wrote: Aww boo hoo!

I know you can't, but it's not gonna stop Dems from trying. They just keep on tossing money at Energy Projects and we just keep watching them fail. 
Doesn't take a genius to figure out what they are doing wrong

Well, it’s gotta start somewhere, and the somewhere is Average Joe’s court. Why don’t you pilot this and let us know how it goes:

https://www.washingtonpost.com/climate-solutions/2024/05/11/cold-water-laundry-shower-dishes/

[BigPapaKain]

(05-16-2024, 01:34 PM)Mike M (the other one) Wrote: Aww boo hoo!

I know you can't, but it's not gonna stop Dems from trying. They just keep on tossing money at Energy Projects and we just keep watching them fail. 
Doesn't take a genius to figure out what they are doing wrong

Getting blocked by Republicans who are playing the short game, mostly. Not that they refuse to take money for infrastructure improvements when the Democrats finally get it passed.

I know accepting that would mean admitting the Dems actually govern while the GoP does **** all except throw buzzwords around to keep you and your ilk afraid of rainbows and brown folks, and that'd absolutely crush your world view.

Don't believe me? Tell me all the things the GoP has done or passed in the last 30 years that has actually helped the middle class or unions or anyone who isn't already a billionaire.

[Mike M (the other one)]

(05-16-2024, 08:33 PM)BigPapaKain Wrote: Getting blocked by Republicans who are playing the short game, mostly. Not that they refuse to take money for infrastructure improvements when the Democrats finally get it passed.

I know accepting that would mean admitting the Dems actually govern while the GoP does **** all except throw buzzwords around to keep you and your ilk afraid of rainbows and brown folks, and that'd absolutely crush your world view.

Don't believe me? Tell me all the things the GoP has done or passed in the last 30 years that has actually helped the middle class or unions or anyone who isn't already a billionaire.

Tax cuts is a very good start.


My back pocket benefited from them, helped Union members as well. 

The right isn't the only one that plays that game. 

Both do good and dumb things that help/hurt the middle class. 
I already know your response to this. 

[BigPapaKain]

(05-18-2024, 07:09 AM)Mike M (the other one) Wrote: Tax cuts is a very good start.


My back pocket benefited from them, helped Union members as well. 

The right isn't the only one that plays that game. 

Both do good and dumb things that help/hurt the middle class. 
I already know your response to this. 

Good on you. But your anecdotes don't get rid of the overwhelming ACTUAL evidence that Republicans have done nothing but screw the middle class and economy every time they've held the Oval Office since Reagan.

[Mike M (the other one)]

(05-18-2024, 10:23 AM)BigPapaKain Wrote: Good on you. But your anecdotes don't get rid of the overwhelming ACTUAL evidence that Republicans have done nothing but screw the middle class and economy every time they've held the Oval Office since Reagan.

So you know HOW they do it? why don't you post some examples backing your claims so we can see why you feel that way.

[Goalpost]

https://www.cnn.com/interactive/2019/business/stock-market-by-president/index.html

So here is the stock market record since Reagan. Decent summary on how the economy performed under each president. Only Bush was negative citing 911 and the housing crisis.

[Belsnickel]

(05-18-2024, 08:37 PM)Goalpost Wrote: https://www.cnn.com/interactive/2019/business/stock-market-by-president/index.html

So here is the stock market record since Reagan. Decent summary on how the economy performed under each president. Only Bush was negative citing 911 and the housing crisis.

No, it isn't. The stock market isn't the economy and because it is entirely speculative in the modern era it isn't even reflective of any real value.

[Mike M (the other one)]

(05-18-2024, 09:03 PM)Belsnickel Wrote: No, it isn't. The stock market isn't the economy and because it is entirely speculative in the modern era it isn't even reflective of any real value.

It says in the opening sentence of the link that SM is not the best indicator of the Economy. 

But Trump and Biden have the same relative economy. 
Biggest difference between them is inflation.

If you use GDP (which also has its flaws):
Trump 2.3%
Bident 2.2%

[Belsnickel]

(05-19-2024, 01:31 AM)Mike M (the other one) Wrote: It says in the opening sentence of the link that SM is not the best indicator of the Economy. 

But Trump and Biden have the same relative economy. 
Biggest difference between them is inflation.

If you use GDP (which also has its flaws):
Trump 2.3%
Bident 2.2%

There is no one measure you can use for the economy to get the whole picture. Things like GDP are too high level and the markets are just a giant casino for bankers. Of course, since presidents don't control the economy we shouldn't even be using that as a way to measure their performance in the first place. Even the levers they try to use to influence it in response to trends are not hugely impactful, especially since the most effective ones require congressional action. But, voting in a presidential race on the economy is much more about feelings over facts, so it doesn't much matter.

[Mike M (the other one)]

(05-19-2024, 07:50 AM)Belsnickel Wrote: There is no one measure you can use for the economy to get the whole picture. Things like GDP are too high level and the markets are just a giant casino for bankers. Of course, since presidents don't control the economy we shouldn't even be using that as a way to measure their performance in the first place. Even the levers they try to use to influence it in response to trends are not hugely impactful, especially since the most effective ones require congressional action. But, voting in a presidential race on the economy is much more about feelings over facts, so it doesn't much matter.

The economy has always been used as a measure of success for each POTUS. 
To say that they have no control over the economy is incorrect. Their policies and economic agenda's shape the economy in an indirect way.

I've already said that Trump and Biden are fairly even, but Inflation is ruining Biden and voters are not very forgiving when their wallets are in danger. Do you at least partially agree with that?

[Belsnickel]

(05-19-2024, 12:34 PM)Mike M (the other one) Wrote: The economy has always been used as a measure of success for each POTUS. 

I am aware, and I have always called it bullshit.

(05-19-2024, 12:34 PM)Mike M (the other one) Wrote: To say that they have no control over the economy is incorrect. Their policies and economic agenda's shape the economy in an indirect way.

I didn't say they have no control, I said they don't control the economy, and they don't. There are so many factors that influence the economy and what the POTUS does is just a small part of that. You even said it yourself: it's an indirect influence.

(05-19-2024, 12:34 PM)Mike M (the other one) Wrote: I've already said that Trump and Biden are fairly even, but Inflation is ruining Biden and voters are not very forgiving when their wallets are in danger. Do you at least partially agree with that?

I agree that inflation is causing problems for Biden. I just think that voters shouldn't view it in the way they do because it is not something Biden can control. He has limited tools to influence it, but there are too many other things at play.

[GMDino]

We also have to figure in the record corporate profits.

Even they realize it and are starting to re-adjust.

Target Will Help Consumers Save Big by Lowering Prices on 5,000 Frequently Shopped Items

Diesel is coming down too, that helps with costs.

Oh, and the POTUS had virtually no control over either of those things.

[Mike M (the other one)]

(05-22-2024, 09:40 AM)GMDino Wrote: We also have to figure in the record corporate profits.

Even they realize it and are starting to re-adjust.

Target Will Help Consumers Save Big by Lowering Prices on 5,000 Frequently Shopped Items

Diesel is coming down too, that helps with costs.

Oh, and the POTUS had virtually no control over either of those things.

Again, we are seeing the results of Trump's oil policies kicking in. 
Don't worry though, It'll go back up soon enough since Biden's policies are countering it.

And Biden also just released 1M barrels from the NE Fed reserves in an attempt to the the Gas prices down for July.

[GMDino]

(05-22-2024, 01:21 PM)Mike M (the other one) Wrote: Again, we are seeing the results of Trump's oil policies kicking in. 
Don't worry though, It'll go back up soon enough since Biden's policies are countering it.

And Biden also just released 1M barrels from the NE Fed reserves in an attempt to the the Gas prices down for July.

Which policies?

https://www.nytimes.com/2020/04/12/business/energy-environment/opec-russia-saudi-arabia-oil-coronavirus.html

Quote:Oil Nations, Prodded by Trump, Reach Deal to Slash Production

[color=var(--color-content-secondary,#363636)]The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.[/color]

• Share full article
  
  
• 296
  
  

[img=1041x744]https://static01.nyt.com/images/2020/04/13/business/13oil-print/merlin_165263190_b2cbee39-d392-4494-b54e-cdb279087d31-articleLarge.jpg?quality=75&auto=webp&disable=upscale[/img]
[color=var(--color-content-quaternary,#727272)]A gas pipeline in Siberia. Thousands of Soviet-era oil and gas wells in western Siberia make the math complicated for Russia to shut down production.Credit...Maxim Shemetov/Reuters[/color]

[color=var(--color-content-secondary,#363636)]By Clifford Krauss[/color]
[color=var(--color-content-secondary,#363636)]Published April 12, 2020Updated Nov. 16, 2020[/color]
[color=var(--color-content-secondary,#363636)]Sign up for the Trump on Trial newsletter.  The latest news and analysis on the trials of Donald Trump in New York, Florida, Georgia and Washington, D.C. [color=var(--color-signal-editorial,#326891)]Get it sent to your inbox.[/color][/color]



[color=var(--color-content-secondary,#363636)]HOUSTON — Oil-producing nations on Sunday agreed to the largest production cut ever negotiated, in an unprecedented coordinated effort by Russia, Saudi Arabia and the United States to stabilize oil prices and, indirectly, global financial markets.
[color=var(--color-content-secondary,#363636)]Saudi Arabia and Russia typically take the lead in setting global production goals. But President Trump, facing a re-election campaign, a plunging economy and American oil companies struggling with collapsing prices, took the unusual step of getting involved after the two countries entered a price war a month ago. Mr. Trump had made an agreement a key priority.[/color]

[/color]
[color=var(--color-content-secondary,#363636)]It was unclear, however, whether the cuts would be enough to bolster prices. Before the coronavirus crisis, 100 million barrels of oil each day fueled global commerce, but demand is down about 35 percent. While significant, the cuts agreed to on Sunday still fall far short of what is needed to bring oil production in line with demand.[/color]

[color=var(--color-content-secondary,#363636)][color=var(--color-content-secondary,#363636)]The plan by OPEC, Russia and other allied producers in a group known as OPEC Plus will slash 9.7 million barrels a day in May and June, or close to 10 percent of the world’s output.[/color][/color]

All seriousness aside, it took four years for Trump's policies to take affect and prices to drop...but Biden's policies made the price rise immediately?

That's a special flavor of koolaid.

[*pally*]

(05-22-2024, 01:21 PM)Mike M (the other one) Wrote: Again, we are seeing the results of Trump's oil policies kicking in. 
Don't worry though, It'll go back up soon enough since Biden's policies are countering it.

And Biden also just released 1M barrels from the NE Fed reserves in an attempt to the the Gas prices down for July.

Congress mandated the NE oil reserve be closed due to the cost of maintaining it.  It was in the budget bill.  The reserve itself is quite small in relative terms.  It holds about 3 hours' worth of American gasoline use.  It will have no impact on prices