|
|
Post by jdv on Oct 19, 2021 14:57:35 GMT -5
Well there's been a boatload of economic news this week, and almost all of it's bad.
Gas prices up more than a dollar from this time last year, with more increases coming. Heating costs for this winter predicted to be more than twice as expensive as last year. No doubt all of this due to the reduction of domestic oil production, thanks to Joe Biden's policies. Oddly enough, the weather seems not to be affected in the slightest. It's gotten so bad that President Joe Biden has asked OPEC and Russia to sell more oil, despite the US being an exporter of petroleum just last year.
Gas isn't the only thing getting more expensive - Procter & Gamble today announced massive price increases:
"In July, the company said higher costs would add an additional $1.9 billion in expenses this year. On Tuesday, the company raised this estimate to $2.3 billion. “The input cost pressures are really broad based,” P&G Chief Financial Officer Andre Schulten told reporters at a briefing, describing the current market as “a very challenging cost environment.”
That's $2.3 BILLION with a B more expensive for just one company.
Meanwhile, more than 100 ships laden with goods continue to languish off the coast of LA. All major retailers and producers now saying that there will absolutely be shortages of everything for this Christmas.
Yesterday, the now back on the job after an un-announced 2 month vacation (after being on the job for less than 6 months), Sec of Transportation Pete Buttigieg claimed that the back log and lack of goods on shelves was proof that President's Biden's economic plan is working like gang busters, a claim so fantastically out of touch with reality one wonders where Pete buys his drugs, and is he willing to tell me his dealer's name?
All this despite Biden telling reporters last Wednesday that the port would now "remain open 24/7" to relieve the bottleneck. Unfortunately, no one seems to have told dock workers - the dock was completely closed Sunday (2 days ago now), and has not added any shifts. The ports in LA have actually piled up more ships to be unloaded since Biden's promise, not fewer.
Speaking of out of touch (and not to be out done for stupid) today Biden's press secretary Jen Psaki told reporters when asked about the supply chain problems that, "The tragedy of the treadmill that's delayed" is not a problem... but also that Biden formed a committee today to address the issue. She also claimed that inflation is a good thing because, "It means more people are buying goods".
She's either fantastically stupid, or simply reflecting the attitude coming from her boss. Maybe a bit of both.
And hey, speaking of products that aren't treadmills, food is also becoming vastly more expensive - when it can be found. According to the Labor Department, the following consumer items have been impacted by raising inflation under Biden’s presidency: rental cars: 42.9 percent, gas: 42.1 percent, used cars: 24.4 percent, hotels: 18 percent, TVs: 12.7 percent, furniture: 11.2 percent, meats, poultry, fish and eggs: 10.5 percent, new cars: 8.7 percent, appliances: 7.1 percent, electricity: 5.2 percent, restaurant prices: 4.7 percent, rent: 2.9 percent.
Pork is now 20% more expensive, and is expected to continue to rise in cost. Used cars now as much as twice as expensive as this time last year.
All told, the cost of living for an average American has increased by $175 a month, according to a Moody’s economist. “For households earning the US median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel and housing,” the New York Post reported.
Even CNN is reporting about the shortages & prices increases (they can hardly be denied at this point), but mostly they seem worried about the effect it will have on democrats getting elected during the mid-terms next year as opposed to whether or not you can feed your family or heat your home this winter.
In other words, it's a giant shit sandwich and we're all going to take a bite. But hey, I'm sure adding $3.5 trillion in completely unpaid for pork barrel spending (not to mention the $4 trillion per year in 'normal' taxes) will really kick start the economy!
But don't worry, we're in good hands
|
|
|
|
Post by Warpig on Oct 20, 2021 7:18:12 GMT -5
|
|
|
|
Post by jdv on Oct 20, 2021 14:00:03 GMT -5
Let them eat treadmills.... "Biden’s Plan to Relieve Backlog at Port of Los Angeles Is Not Working Biden announced on Wednesday of last week that the Port of Los Angeles has agreed to go to 24/7 operations. Essentially, this would mean allowing cargo owners to pick up goods between 3 a.m. and 8 a.m. He added that it could be a “game changer.” After a week, the game is largely the same. There are a record number of container ships in the waters near the Port of LA and the Port of Long Beach, which together handle 40 percent of container traffic coming into the U.S. The Port of Long Beach opened itself up to similar nighttime and weekend shifts a few weeks ago. nalysts who have looked into the supply chain problem say it is not the hours of operation at the ports that is the major hold up. Instead, the constraints are shortages of truck drivers and warehouse employees. These were in short supply during regular hours and are extremely difficult to put in place for a 3 a.m. shift. And there is a shortage of truck chassis themselves." ----------------------- Huh. Why it's almost like no one wants to work when they know they'll be bringing almost nothing home after taxes, while paying double for fuel, rent, and food - all while the border disintegrates after throwing away 20 years of blood sweat and tears in Afghanistan.... Almost. www.breitbart.com/economy/2021/10/20/bidens-plan-to-relieve-backlog-at-port-of-los-angeles-is-not-working/ |
|
|
|
Post by jdv on Oct 20, 2021 19:36:14 GMT -5
But surely the people running the show will see how damaging choking off our own oil supply is to the economy... right? Wrong: "Biden Ditches Alaska Oil Drilling Project That Would’ve Created Thousands Of Jobs The Biden administration abandoned an oil and gas drilling project in Alaska approved by former President Donald Trump, which it had previously defended. The Department of the Interior failed to file an appeal to a federal judge’s August decision blocking the multi-billion dollar Willow Project being developed by the Texas-based oil and gas firm ConocoPhillips. The entire congressional delegation from Alaska – Sens. Lisa Murkowski and Dan Sullivan and Rep. Don Young – have been vocal proponents of the project, arguing it would produce 100,000 barrels of oil per day, lead to $10 billion in government revenue and create 2,000 construction jobs and 300 permanent jobs." -----------------------------------------------------------
So to recap, Joe Biden just killed thousand of gallons of gas a day, billions in tax revenue, and thousands of jobs because... reasons.
Otherwise known as par for the course.
dailycaller.com/2021/10/20/joe-biden-administration-interior-department-alaska-oil-drilling-energy-prices/ |
|
|
|
Post by jdv on Oct 25, 2021 20:55:35 GMT -5
Hey, some more great news: gasoline prices have risen every single day for the past 27 days straight - the highest since Joe Biden was Vice President: "Every single day in October and beginning in the last days of September, gas prices have risen — 27 days in a row. According to the American Automobile Association (AAA), the average price is $3.38 a gallon, a rise of approximately 20 cents per gallon. “With the U.S. economy slowly recovering from the depths of the pandemic, demand for gas is robust, but the supply is tight,” Andrew Gross, AAA spokesperson, said in a blog on the association’s website. “We haven’t seen prices this high since September of 2014.” -------------------------- Obviously Trump's fault. If only he hadn't managed a surplus, these hikes under Joe wouldn't seem so bad. www.breitbart.com/politics/2021/10/25/inflation-continues-gas-prices-rise-every-day-past-27-days-highest-2014/ |
|
|
|
Post by jdv on Oct 26, 2021 12:21:33 GMT -5
|
|
|
|
Post by jdv on Oct 28, 2021 11:38:31 GMT -5
And the chickens are really starting to come home to roost: " GDP Grows Just 2% in Third Quarter, Falling Short of Diminished Expectations Gross domestic product—the value of all goods and services produced in the U.S.—grew at an annualized rate of two percent from July through September, after adjusting for inflation and seasonality, the Commerce Department said Wednesday. As late as June, analysts were forecast growth of seven to better than nine percent. But the surge in virus cases, stronger than expected inflation, and supply bottlenecks dragged the economy down to a much slower pace." ---------------------------- This is disastrously low, a sure sign that we're heading into - or are already in - a recession. Only a fool would have confidence in an economy led by Joe Bidden, a fact being played out in every town, business, and home in America right now. A rudderless ship with a dead man tied to the wheel as we continue towards the rocks. www.breitbart.com/economy/2021/10/28/economic-growth-slowed-to-2-in-third-quarter/ |
|
|
|
Post by Warpig on Oct 28, 2021 12:22:41 GMT -5
Well we'll really hope our midterms will bring up our grades!
|
|
|
|
Post by jdv on Oct 28, 2021 12:37:54 GMT -5
Laugh now, but as of this moment Delta House is on Double Secret Probation.
Just one more slip up, and you're of Faber College!
|
|
|
|
Post by Warpig on Oct 28, 2021 12:45:49 GMT -5
He's right. Right. Know what I'm thinking? Toga party.
|
|
|
|
Post by jdv on Oct 28, 2021 13:54:58 GMT -5
|
|
|
|
Post by jdv on Nov 10, 2021 11:21:36 GMT -5
More news about inflation from today - and it ain't good:
"Consumer Prices Soar 6.2%, Fastest Rate of Inflation Since 1990Consumer prices rose at their fastest rate in decades in October, data from the Department of Labor showed Wednesday. The Consumer Price Index rose 0.9 percent in October from September, exceeding expectations for a 0.6 percent rise. Compared with the prior October, prices are up 6.2 percent, exceeding expectations for a 5.8 percent rise and the highest annual rate since 1990." -------------------------
The White House - and good old reliable CNN and NBC - are all actually trying to spin this horrific economic news as being a positive.
When you're paying $5 a gallon for gas this winter, keep telling yourself that.
Sure NBC, sure
|
|
|
|
Post by Warpig on Nov 10, 2021 13:41:34 GMT -5
 I need to punch people at MSNBC who write these things. Repeatedly. Until my hand is wet. |
|
|
|
Post by jdv on Nov 10, 2021 14:18:30 GMT -5
BUT they were right on the money about the Russian Collusion scandal! And Hillary winning in 2016! And Kyle Rittenhouse being found guilty! And how great Doc Fauci is. And that paper masks work, and the billion dollars in damage riots from last summer were peaceful. And that inflation is a good thing for us.
Gee, I don't see what your problem is - they've nailed every story 100% right so far!
|
|
|
|
Post by jdv on Nov 12, 2021 16:08:19 GMT -5
Let the below chart explain how the media's dealt with the bad news.... |
|
|
|
Post by Warpig on Nov 14, 2021 18:03:36 GMT -5
I'll be honest with you: You can apply that approach to the media for pretty much everything. They will constantly try to explain to you how it's awesome that they're screwing you over.
|
|
|
|
Post by jdv on Nov 15, 2021 14:14:02 GMT -5
Sure, but at least a couple people are OK with it..... |
|
|
|
Post by Warpig on Nov 15, 2021 14:18:32 GMT -5
Oh, wait. This kid walks? Let the suing begin.
|
|
|
|
Post by jdv on Nov 15, 2021 14:27:09 GMT -5
He doesn't even need to walk - all that has to happen is that he's not convicted of murder. I don't think a verdict of manslaughter prevents them from losing a defamation suit.
|
|
|
|
Post by jdv on Nov 15, 2021 19:28:26 GMT -5
|
|
|
|
Post by Warpig on Nov 16, 2021 9:01:58 GMT -5
And they're actually floating Newsom as some kind of Democrat savior.
|
|
|
|
Post by jdv on Nov 16, 2021 11:16:12 GMT -5
And they're actually floating Newsom as some kind of Democrat savior.
What at? Hell?
|
|
|
|
Post by jdv on Nov 23, 2021 16:03:16 GMT -5
Near record inflation here to stay: "Manufacturers in the mid-Atlantic upped their expectations for price increases six months from now, a survey from the Federal Reserve Bank of Richmond showed Tuesday. Prices are expected to be rising at an annualized rate of 5.8 percent six months from now. That’s the second highest on record, following September’s 5.83, and an acceleration from October’s 5.73 percent. The upward movement in expectations confirms other signs that inflation appears to be accelerating as the U.S. heads into the year end, rather than slowing as Biden administration and Federal Reserve officials predicted." ------------------------------ Today Joe Biden, the most popular politician in the history of the US, released half of the strategic oil reserve, an amount good for about 2.5 days of normal domestic gas consumption. One astute person wrote that it's the equivalent to "printing gas". People getting a rude awakening this week as to just how much gas, food, and sundries have gone up in price since last year. www.breitbart.com/economy/2021/11/23/inflation-expectations-rise-to-near-record-in-mid-atlantic-manufacturing-survey/ |
|
|
|
Post by jdv on Nov 23, 2021 20:10:56 GMT -5
And perhaps the greatest proof inflation is going through the roof.... "Bidenflation Causes Dollar Tree to Raise Prices by 25 Percent to $1.25 After 35 years of offering consumers, often “low-income consumers,” everyday products for just a dollar, Dollar Tree customers will have to fork over 25 percent more money, or $1.25, to purchase the majority of goods sold in Dollar Tree stores." -------------------
So, is it fair to say Joe's the worst President in 35 years? Granted, the bar is very high (and or low) for that title, seeing as he's only 10 months into the job, he's off to a great start!
|
|
|
|
Post by Warpig on Nov 28, 2021 21:45:18 GMT -5
Hahaha, yeah it's kind of like being mad at Charlie McCarthy for Edgar Bergen murdering a child.
|
|
|
|
Post by jdv on Dec 1, 2021 12:43:55 GMT -5
For the first time since shopping on the internet became a thing, Cyber Monday sales fell: "Cyber Monday online sales have reportedly fallen for the first time, dropping 1.4 percent from last year to $10.7 billion, according to data released on Tuesday by Adobe Analytics.
The report also indicated that out-of-stock messages on relaters’ websites were up 169 percent when compared with pre-pandemic years. This year’s data marks the first time that Adobe has tracked a slowdown in spending on major shopping days, according to a report by CNBC News, which added that the firm started its reporting in 2012, and analyzes more than 1 trillion visits to retailers’ websites." ------------------------------
Probably just due to 81 million eager voters lining up early for Joe Biden's 2024 re-election bid.
|
|
|
|
Post by jdv on Dec 1, 2021 17:18:58 GMT -5
Joe tells Americans to count on Santa Claus and not a fix from him.... "President Joe Biden tried to distance himself from supply chain disruptions this Christmas, telling Americans on Wednesday he was not responsible for any problems. “I can’t promise that every person will get every gift they want on time,” Biden said. “Only Santa Claus can keep that promise.” --------------------------- Speaking of Santa, I'm fairly sure I know of one name that will be on the naughty list..... www.breitbart.com/politics/2021/12/01/joe-biden-on-supply-chains-only-santa-claus-can-promise-gifts-on-time/ |
|
|
|
Post by jdv on Dec 1, 2021 17:57:24 GMT -5
And on the same day as Biden told Americans to rely on Santa for presents while blaming companies for the supply chain problems.... "Coffee prices soared to a 10-year high on Monday, with experts projecting the high costs to last well into 2023, CNBC reported. Coffee contracts for December hit $2.34 per pound at the end of Monday’s trading day, CNBC reported. Coffee futures on the New York Intercontinental Exchange soared to $2.46 on Thursday, recording the highest price since 2011." ----------------------- Maybe Joe will blame Grimace for the coffee shortage. dailycaller.com/2021/12/01/coffee-price-high-brazil-crop-weather-supply-chain/ |
|
|
|
Post by Warpig on Dec 1, 2021 22:24:15 GMT -5
Motherfucker.
Fucking with my COFFEE?!?!
Bitch, I'ma start building guillotines.
|
|
|
|
Post by jdv on Dec 2, 2021 19:33:59 GMT -5
|
|
.png)
