Daily update on Biden tanking america

[Neonred 3,562]

4 minutes ago, LIBrty4all said:

I suspect Obama still has quite a bit of say as well.  It was supposed to be his third term, after all.  (His words, not mine)

Without a doubt he is in Susan Rice's ear, but as bad as the Obama administration was, the Biden administration is 10x worse.

 

How can one man screw up everything he works at so badly?

 

On the wrong side of every issue.

Edited June 22, 2022 by Neonred

[TBoneTX 45,284]

26 minutes ago, Neonred said:

How can one man screw up everything he works at so badly?

It's a combination of incompetence and intent.

[TBoneTX 45,284]

Still slidin': Biden hits new low of 32% approval in Civiqs tracking
ED MORRISSEY Jun 22, 2022 2:01 PM ET

 

Where is the floor for Joe Biden?  We don't yet know [...]
 

https://hotair.com/ed-morrissey/2022/06/22/still-slidin-biden-hits-new-low-of-32-approval-in-civiqs-tracking-n477926

[LIBrty4all 3,749]

At least his fall from where he is now, til the floor, won't so far as to break geriatric bones.

DeSantis.  Just sayin'.

[Boiler 45,486]

[TBoneTX 45,284]

Adding to Boiler's photo:

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Biden Accidentally Reveals Step-by-Step Notes He's Been Given on How to Act
By Nick Arama | Jun 23, 2022 8:45 PM ET

 

[...] They weren't just "notes" about what he was going to say or the subjects that he needed to cover.  They were a list — made up by someone else — that told him what to do, that treated him like a five-year-old child, directing him how to act during an event–even when to sit.  [...]

 

https://redstate.com/nick-arama/2022/06/23/biden-accidentally-reveals-step-by-step-notes-hes-been-given-on-how-to-act-n583204

[TBoneTX 45,284]

Q-poll: Biden crashing hardest among young voters, Hispanics
ED MORRISSEY Jun 23, 2022 8:31 AM ET

 

https://hotair.com/ed-morrissey/2022/06/23/q-poll-biden-crashing-hardest-among-young-voters-hispanics-n478086

[Nature Boy 2.0 8,370]

Just think if the press wasn't behind him

[Dashinka 24,493]

Seems appropriate.

 

Nancy Pelosi Recommends Avoiding Pain At The Pump By Becoming A Millionaire Through Insider Trading

 

 

WASHINGTON, D.C.—In a statement given this week, House Speaker Nancy Pelosi said she feels for Americans struggling with prices at the pump and offered a suggestion for how to cope by becoming a millionaire through insider trading.

 

"If you want to avoid suffering from high gas prices, the solution is simple," she said. "Just get elected to Congress and spend decades trading stocks based on insider information only Congress is allowed to have! Easy!" 

 

https://babylonbee.com/news/nancy-pelosi-recommends-avoiding-pain-at-the-pump-by-becoming-a-millionaire-through-insider-trading

[Nature Boy 2.0 8,370]

9 hours ago, Boiler said:

Dang I thought this was a joke

[Dashinka 24,493]

31 minutes ago, Nature Boy 2.0 said:

Dang I thought this was a joke

The only joke is Joe.

[TBoneTX 45,284]

That Biden cheat sheet was apparently real
JAZZ SHAW Jun 24, 2022 8:01 AM ET

 

When I first saw this story crop up on social media yesterday, I'll confess that a part of me hoped it wasn't true.  A video captured by C-SPAN during a meeting President Biden attended with wind industry executives appeared to show the President holding up a "cheat sheet"  [...]

 

https://hotair.com/jazz-shaw/2022/06/24/that-biden-cheat-sheet-was-apparently-real-n478378

[LIBrty4all 3,749]

Of course it was true.  

[Dashinka 24,493]

A Stagflationary Debt Crisis Looms

 

The second question is whether the increase in inflation was driven more by excessive aggregate demand (loose monetary, credit, and fiscal policies) or by stagflationary negative aggregate supply shocks (including the initial COVID-19 lockdowns, supply-chain bottlenecks, a reduced US labor supply, the impact of Russia’s war in Ukraine on commodity prices, and China’s “zero-COVID” policy). While both demand and supply factors were in the mix, it is now widely recognized that supply factors have played an increasingly decisive role. This matters because supply-driven inflation is stagflationary and thus raises the risk of a hard landing (increased unemployment and potentially a recession) when monetary policy is tightened.

 

 

The next crisis will not be like its predecessors. In the 1970s, we had stagflation but no massive debt crises, because debt levels were low. After 2008, we had a debt crisis followed by low inflation or deflation, because the credit crunch had generated a negative demand shock. Today, we face supply shocks in a context of much higher debt levels, implying that we are heading for a combination of 1970s-style stagflation and 2008-style debt crises – that is, a stagflationary debt crisis.

When confronting stagflationary shocks, a central bank must tighten its policy stance even as the economy heads toward a recession. The situation today is thus fundamentally different from the global financial crisis or the early months of the pandemic, when central banks could ease monetary policy aggressively in response to falling aggregate demand and deflationary pressure. The space for fiscal expansion will also be more limited this time. Most of the fiscal ammunition has been used, and public debts are becoming unsustainable.

 

https://www.project-syndicate.org/commentary/stagflationary-debt-crisis-by-nouriel-roubini-2022-06

[LIBrty4all 3,749]

https://www.tiktok.com/@officiallymouna/video/7112610462985882922

Sorry, couldn't get the video to embed.  But I believe this is just about where America is today.