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Thanks, Biden!!!

Elloelle said:
in 2016 I was paying $1.79/gal for premium gasoline. Now I'm paying $3.20/gal for mid grade. Nearly twice as much. Granted that's down from the $6.50/gal after Biden shut down US oil production and the pipeline, forcing us to by foreign oil, when Trump had made us energy independent for the first time since the 60s. So you're telling me inflation is nearly 100% and that's a GOOD thing??? That means the economy is BOOMING??? What kind of stupid are you?

Biden doesn't have ANY power. He's a senile moron with delusions of grandeur and a pathologically liar. The war in Ukraine would not have had ANY influence on gas prices if Biden hadn't made us dependent, once again, on foreign oil.

And ends with typical Liberal childish insults. :rolleyes:
Click to expand...

You really are an imbecile.

The average price of gas has fluctuated greatly over the years for various reasons. What were you paying under your dear orange leader in 2018???

Also:

You claim you paid $6.50 a gallon for mid-grade after President Biden canceled the XL pipeline but you were paying $1.79 for premium before that??? You either moved states or you’re a liar. (I’m betting you’re a liar).

The initial bump in gas prices near the middle of President Biden’s presidency was due to the petroleum refiners failing to have enough supply ready when the pandemic lifted after President Biden’s successful mass rollout of the vaccine. The Russian war crime in Ukraine, as well as Russia conspiring with the other OPEC members also played a major role in the temporary spike.

The cancellation of the XL pipelines had little to no impact on the price of gas.

😑

Here’s a little light reading for you:

https://apnews.com/article/fact-checking-895299166310

Hope that ^ helps.

👍

👉 elleoloser 🤣

🇺🇸
 
icanhelp1 said:
You would think that be the case.

“In general, a stronger economy and higher inflation can support home price appreciation for several reasons. Higher wages and a lower unemployment, consistent with economic growth, will boost housing demand. Potential homeowners can reasonably expect rents will rise at least as fast as inflation (or faster, if demand is strong). If you buy a home, you lock in the largest portion of your housing costs, limiting the impact of any future rental rate increases and relieving pressure on your purchasing power.

Moreover, even if homeownership costs for new homeowners are initially higher than rental costs, prospective homeowners might buy anyway because inflation changes the math. Potential homebuyers see the mortgage payment they would lock into today as more attractive than future rental payments, which include rent increases. Investors are also willing to pay more, as they can expect higher rental income and lock in their financing costs.”

The dynamic here is that both high inflation combined with high interest rates seems to not had an effect on high demand for homes which in this case is maintaining to also increasing value of homes. My home is rated $100,000 above 2001 home values which provides speculative equity. People are spending that equity adding to credit imbalances. Those mortgages will mature at the same rate values decline. The shit will hit the fan in the housing market and banking system. IMHO
Click to expand...
Pssst, you you forgot to delete the quotation mark from your cut-and-paste. So the closing IMHO is totally invalidated and the quotation mark outs your efforts. Good try though but, as always, the devil‘s in the details.
 
Elloelle said:
in 2016 I was paying $1.79/gal for premium gasoline. Now I'm paying $3.20/gal for mid grade. Nearly twice as much. Granted that's down from the $6.50/gal after Biden shut down US oil production and the pipeline, forcing us to by foreign oil, when Trump had made us energy independent for the first time since the 60s. So you're telling me inflation is nearly 100% and that's a GOOD thing??? That means the economy is BOOMING??? What kind of stupid are you?

Biden doesn't have ANY power. He's a senile moron with delusions of grandeur and a pathologically liar. The war in Ukraine would not have had ANY influence on gas prices if Biden hadn't made us dependent, once again, on foreign oil.

And ends with typical Liberal childish insults. :rolleyes:
Click to expand...
I have no real clue why gas was so low in 2016 cus it makes no sense. That said nothing that happened in 2016 economically had a damn thing to do with Trump for a lot of reasons. Biden not only did not shut down US oil production he authorized more sites than Trump. Trump did not make us energy independent. I'm not about to research the 60s to know if it was true then but at no point the last several decades have we been energy independent. That's just not how it works. Inflation is no where near 100% and thepeople who calculate leave energy costs off because they might affect the economy BUT they jump around for reasons outside anybody's control. BP has an enormous oil spill in the Gulf. A hurricane damages several oil rigs. Some disturbance in the Middle East prevents them from drilling at their normal rates. Hell they just want to fuck with people and cut production. Also the amount of oil we produce in the US has pretty close to nothing to do with prices at the pump. I don't know if you know this or not but we are not a socialist country. Which means Exon, BP and whatever other oil companies are out there sell to the highest bidder. They have no loyalty to the US.

Biden is not senile. He has a lot of gaffes and so does Trump. Hell all of us have brain farts from time to time and its just fine. There is no inteligent reason to think he has no power. For that matter all of you conservatives manage to talk out of both sides of your mouth. Biden is incompetent and all this crap is his fault. We must impeach! Biden is controlled by Obama and other handlers. Its one or the other and if its the latter impeachment wouldn't do much this late in the cycle. These handlers would be pulling Kamala's strings. So which is it?

Liberal insults? We might engage from time to time but overall we are much more polite than Conservatives.
 
Sean Renaud said:
Tax cuts are like buying a house and then deciding to cut your hours to spend more time with the family. You didn't overspend, you made a decision to under work.
Click to expand...
Don’t buy the house if you can’t afford it, pretty simple stuff.
 
jomar said:
Pssst, you you forgot to delete the quotation mark from your cut-and-paste. So the closing IMHO is totally invalidated and the quotation mark outs your efforts. Good try though but, as always, the devil‘s in the details.
Click to expand...
I put that quotation mark to give credit to the source, don’t know why it didn’t show up when I posted it, the bottom paragraph posted with it and I put both in at the same time?
 
Elloelle said:
in 2016 I was paying $1.79/gal for premium gasoline. Now I'm paying $3.20/gal for mid grade. Nearly twice as much. Granted that's down from the $6.50/gal after Biden shut down US oil production and the pipeline, forcing us to by foreign oil, when Trump had made us energy independent for the first time since the 60s. So you're telling me inflation is nearly 100% and that's a GOOD thing??? That means the economy is BOOMING??? What kind of stupid are you?

Biden doesn't have ANY power. He's a senile moron with delusions of grandeur and a pathologically liar. The war in Ukraine would not have had ANY influence on gas prices if Biden hadn't made us dependent, once again, on foreign oil.

And ends with typical Liberal childish insults. :rolleyes:
Click to expand...
The price of gas after adjusted for inflation? What does that even mean? Inflation is the issue and directly affects all people and all businesses. Biden’s incompetence and war on fossil fuels is burdensome for everyone. Biden is an incompetent fool. His next moronic move is to cut production of LNG really putting the squeeze on our European allies.
 
icanhelp1 said:
I put that quotation mark to give credit to the source, don’t know why it didn’t show up when I posted it, the bottom paragraph posted with it and I put both in at the same time?
Click to expand...
Yeah, couldn’t pass up the opportunity to goof with you. But as you know, if you’re going to use quotes to give credit to a source, it’s good form to link directly to the source as well.
 
Recession strikes some of the world’s largest economies but US growth continues

Another benefit for the United States is that it experienced a surge in immigration in recent years, which has made it easier for businesses to fill jobs, potentially expand their operations, and has led to more people earning wages -- and then spending those earnings.

Japan, by contrast, is rapidly aging and has seen its population shrink for years, as it is less open to foreign labor. A declining population can act as a powerful drag on economic growth.
Click to expand...
 
Fuzzy1975 said:
There are hundreds of ways to insult Biden through a joke, yet here we are with you using this. Yep you RWCJ have no sense of humour.
Click to expand...
Xiden and Ankles Up Harris. 2 great wastes that waste great together!

Now you have just 2 of over a million ways to insult a grifter and an aging hooker!
 
fredgraph.png
The US added another 157,000 jobs. 👍 Thanks President Biden!

https://fred.stlouisfed.org/series/PAYEMS
 
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