Biden on State of Country: There’s a lot of anxiety

[libertybele]

No shlitz Sherlock, like we need this azzhat to tell us the obvious.   

Biden on State of Country: There’s a lot of anxiety

As inflation has continued to impact American households, Joe Biden decided to weigh in on the state of the country.

    “We’re in a situation where there’s a lot of anxiety,” he stated. “Gas prices are up, exceedingly high. They’ve been up this high before, but not recently.”

Biden appeared to admit life is getting harder for the majority of Americans under his administration. During a recent televised appearance, he even acknowledged his falling approval ratings.

    “My polling number is down, but it’s 48 percent to 52 percent,” said Biden. “But look, the point is I didn’t run because of the polls.”

Additionally, he admitted Americans are concerned about his policies. This comes as gas prices are hitting record highs while inflation is far outpacing the increases in wages. Biden also admitted his spending plans have nothing to do with infrastructure, but they fund his political agenda instead....................

https://www.oann.com/biden-on-state-of-country-theres-a-lot-of-anxiety/

[Hoodat]

"They’ve been up this high before, but not recently.”

The last time they were this high, Joe Biden was Vice President.

[Hoodat]

[sneakypete]

Dey juz ain't no slippin  NUTTIN pass dat rockit science is dere?

Daz why ah sueport him.

He's Sewwwwww smart!

[skeeter]

There are some members who claim this is Trump's inflation. But not even Biden is making that claim here.

[LMAO]

There are some members who claim this is Trump's inflation. But not even Biden is making that claim here.

OK, it may be an exaggeration to say that this is all of Donald Trump‘s inflation. But you can’t discount the impact of all the printing and spending that went on during his tenure on these numbers. I predicted  last year that we should see a significant inflation by 2021 and, boy, I wish I was wrong

I don’t do the grocery shopping in my house. My wife does and she assures me that grocery prices are going through the roof. But I do the checkbook balancing and I can tell the impact inflation is having on us. For those in lower income or fixed income, it has to be devastating.

Rising inflation hurt both Gerald Ford and Jimmy Carter. But it also was one of the things that brought the rise of Adolf Hitler. I hope we end up with a Reagan at the end of this and not a Mussolini

[DB]

There are some members who claim this is Trump's inflation. But not even Biden is making that claim here.

He can't without condemning his own extreme spending plans.

And a number of us here pointed out that Trump spending trillions of printed dollars during his term was going to substantially devalue our currency. Devalued currency results in higher prices and a lower standard of living. Yet too many others here demanded that we party on and there would be little negative consequence.

Nothing is free, not even printed money out of thin air.

[catfish1957]

Anxiety?

Just a couple of house of card shifts away from panic.

(1) One of the largest Chicom real estate developers just defaulted on bonds.  Market hasn't fully aborbed that shock.
(2) Continued supply chain issues may trigger sprialing inflation, as these things have had a history of blowing up and destroying an economy
(3) DJIA at 36K? With average P/E ratios in the 40's? No one competent in finance believes these numbers are sustainable.
(4) $35T-$40T in debt if Pedo Joe's BBB farce is passed?  There will be a tipping point, and somewhere in that window I think it will be triggered.
(5) Sucidal financial and anti- business policies across the board that Brandon is hell bent on passing.  Especially his plans to destroy the Oil industry.

When said house of cards crumbles, it is going to get SHTF ugly.  Take a good look at who the complicit are in DC, because mob rule will likely have them hanging from street lights soon afterwards.

[Wingnut]

Joe Biden just gave his "Malaise" address.

[skeeter]

He can't without condemning his own extreme spending plans.

And a number of us here pointed out that Trump spending trillions of printed dollars during his term was going to substantially devalue our currency. Devalued currency results in higher prices and a lower standard of living. Yet too many others here demanded that we party on and there would be little negative consequence.

Nothing is free, not even printed money out of thin air.

Your commentary above reminds me of what democrats said following Reagan's tenure.

Oh and I doubt Biden is suddenly concerned about being seen as honest and consistent.

[LMAO]

Joe Biden just gave his "Malaise" address.

It’ll be just one of many, my friend. Just one of many

[LMAO]

Anxiety?

Just a couple of house of card shifts away from panic.

(1) One of the largest Chicom real estate developers just defaulted on bonds.  Market hasn't fully aborbed that shock.
(2) Continued supply chain issues may trigger sprialing inflation, as these things have had a history of blowing up and destroying an economy
(3) DJIA at 36K? With average P/E ratios in the 40's? No one competent in finance believes these numbers are sustainable.
(4) $35T-$40T in debt if Pedo Joe's BBB farce is passed?  There will be a tipping point, and somewhere in that window I think it will be triggered.
(5) Sucidal financial and anti- business policies across the board that Brandon is hell bent on passing.  Especially his plans to destroy the Oil industry.

When said house of cards crumbles, it is going to get SHTF ugly.  Take a good look at who the complicit are in DC, because mob rule will likely have them hanging from street lights soon afterwards.

@catfish1957

But we did save $.16 on hotdogs this past Fourth of July so there is cause for mass celebrations

[catfish1957]

@catfish1957

But we did save $.16 on hotdogs this past Fourth of July so there is cause for mass celebrations

That probably made the VPOTUS happy.  She's got a thing about weiners in her mouth.

[Right_in_Virginia]

Joe Biden just gave his "Malaise" address.

You're so right @Wingnut 

[240B]

@catfish1957

But we did save $.16 on hotdogs this past Fourth of July so there is cause for mass celebrations

But Trump is Gone!! The American and International Media Oligarchy spent years building up anti-Trump hysteria.
And so many retarded American fools ate it up and swallowed it. Now, here we are.

[GtHawk]

But Trump is Gone!! The American and International Media Oligarchy spent years building up anti-Trump hysteria.
And so many retarded American fools ate it up and swallowed it. Now, here we are.

Don't worry, I'm waiting for the fool in the house to give his 'but wait there's more' speech where he lays the blame for all this at Trump's feet because of all the lies he spreads which his gullible followers repeat and spread, instead of Joe and his misadministration. Remember with Joe the buck never stops with him but with whoever he wants to blame.

[Wingnut]

That probably made the VPOTUS happy.  She's got a thing about weiners in her mouth.

[DB]

Your commentary above reminds me of what democrats said following Reagan's tenure.

Oh and I doubt Biden is suddenly concerned about being seen as honest and consistent.

Reagan didn't print any money. It was borrowed through treasure notes. This is all "quantitative easing"... Money out of thin air. There's a huge difference.

[skeeter]

Reagan didn't print any money. It was borrowed through treasure notes. This is all "quantitative easing"... Money out of thin air. There's a huge difference.

QE has been policy in the US since 2008. No appreciable inflation until this year. During Trump's administration we had QE4 ostensibly on account of Covid.

Just some background. Not arguing that excessive spending isn't inflationary. Just pointing out that there may be other far more immediate reasons for our inflation today.

[DB]

QE has been policy in the US since 2008. No appreciable inflation until this year. During Trump's administration we had QE4 ostensibly on account of Covid.

Just some background. Not arguing that excessive spending isn't inflationary. Just pointing out that there may be other far more immediate reasons for our inflation today.

Yes, it started in 2008. But inflation has been buried by cheap imports from China in most of that time while virtually everything else went up.