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Biden Train Wreck



Either they are out to absolutely outright lie to us or we have a significantly incompetent POTUS
On this one he is “technically” right…month over month number was 0 and he does specify for july. Im the last person to defend this idiot but the criticism on this one is off. At worst its cherrypicking - the number is typically quotes in yoy terms, but not wrong.

the real story though is this is a pyrrhic victory…what infl number really saying is the economy has been crushed by inflation and rate hikes and a steep recession is on the horizon.
 
On this one he is “technically” right…month over month number was 0 and he does specify for july. Im the last person to defend this idiot but the criticism on this one is off. At worst its cherrypicking - the number is typically quotes in yoy terms, but not wrong.

the real story though is this is a pyrrhic victory…what infl number really saying is the economy has been crushed by inflation and rate hikes and a steep recession is on the horizon.
Of course I do not think the govt even includes price of food in the inflation stats and there was a significant increase in July. We all know that China Joe and the lying libs are full of SH*t


 
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Steve Cortes shared a Bloomberg report that 20 million American households are now behind on their electric bills.

Utility Delinquencies – as reported by Bloomberg News, in a rare moment of honesty for a legacy media platform, an astounding 20 million American households are currently behind in paying their Utility bills. 1 in 6 households, in this land of abundance, cannot afford the simplest, most basic necessity of paying for power in their homes.
The article predicts “a tsunami of shutoffs” as the pandemic moratorium on disconnections of service expires across the country.
White House Press Secretary Karine Jean Pierre boasts that the America is “economically stronger” than ever, so why can’t these citizens afford power? Well, the answer largely lies in the explosion in electricity prices under Biden. Amidst of a sea of soaring overall inflation, this particular price surge crushes working-class people. July saw a 15% annualized increase in electricity rates, the highest acceleration since 2006. See this chart on electricity costs under Trump vs. Biden.
 
Of course I do not think the govt even includes price of food in the inflation stats and there was a significant increase in July. We all know that China Joe and the lying libs are full of SH*t


He was quoting cpi which does include it, though i believe they have some autonomy over the basket measured but not entirely sure. If i remember right they use prices on something like 100k goods and sector them and then weight it. Core inflation is what economists prefer that excludes food and energy because theyre volatile. Also pretty significant part of most budgets but big E economists are mostly idiots for a reason. Anyways my point was only to say by month over month inflation growth was 0…because its technically right to say that didnt want to see anyone get put on a poster for calling it out. I hate being wrong haha, didnt want to see anyone fall into that trap. But him saying it that way is disingenuous…its still increasing at 8.5% year over year. And it slowing is just demand being crushed by sustained inflation and rising rates so its not exactly the w theyre selling it as. The economy rolling over as hard as its looking wasnt the soft landing jpow had in mind
 
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Funny. And yet inflation drops, gas prices drops, Biden's approval rises, as does the likelihood that dems maintain the senate.

Not now chief killary struck again!

Also pro tip inflation dropping is just the economy rolling over … but … success??
 
Not now chief killary struck again!

Also pro tip inflation dropping is just the economy rolling over … but … success??

As predicted. When inflation goes up, it is all Biden's fault!

When inflation drops, nothing to do with Biden.
 
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As predicted. When inflation goes up, it is all Biden's fault!

When inflation drops, nothing to do with Biden.

I say anything about fault? You guys all just read what you wanna read. In your rush to respond with something that had nothing to do with what i said….you missed the point that it coming down is real bad news for the economy. Prob not gonna wanna claim that one.

But if were going there yes he (klain and co) are the biggest contributors sending it up and rolling it over. Handling of russia situation and saudi relationship are biggest reason we are where we are. Energy prices and fed hikes have crushed consumer demand which has slowed inflation growth. Thats the economy going toes up. So yea - while not singularly responsible for it - his admin is largest contributor for its climb and will be will be for its approaching decline.
 
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Not a good sign. Our optimistic libs think China Joe is knocking it out of the park though which is disturbing in itself.

 

Blathering Idiot Kamala Harris Tells Chuck Todd the Border Is Secure, Then Doubles Down on this Ridiculous Lie — After 2 Million Illegals Walked Across Open Border Last Year​

By Jim Hoft
Published September 11, 2022 at 3:58pm
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Border Czar VP Kamala Harris joined Chuck Todd on Meet the Press on 9-11 Sunday.
During their conversation, Kamala told Chuck that the border is secure in a long blathering statement.
When Todd points out that 2 million illegal aliens just walked across the border last year, Kamala doubled-down, insisting the border was secure.

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You have to be a complete fool to believe this gaslighting.


For the record, the Meet the Press interview was in Texas but Kamala DID NOT visit the border while she was there.
President Trump built over 400 milies of border wall during his first term in office.
Joe Biden stopped the wall construction on day one and flung open the US borders.
Biden will welcome over 5 million illegal aliens across their open border in his first two years in office — an impeachable offense.
Any human being on the planet, no matter how dangerous, can walk across the US southern border today and will be welcomed with open arms by the Biden regime.
Oh, and there’s this…
Texas began building its own border wall in December 2021.
 

"We believe that many of the business dealings that Hunter was involved in — that his father not only knew about it, but was set up to receive the financial benefits or rewards from some of these shady business dealings," Comer said. "We've already had two of Hunter's former associates come forward and say that Joe Biden was in fact, 'The Big Guy' who was set in one instance to get 10% ownership in a Chinese Communist Party owned energy company that would counter America's energy best interests."
 
think theres a pretty substantial probability of a serious collapse in equities in the next couple days - maybe qtr end.

treasury market trading poorly....thats usually when things go kablooey
 
Trump once again proven correct.


 
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They have woke ideology as their top policy, not success of the country. He is correct.
They cant talk about policy because it sucks so bad they cant defend it. Instead they will do childish attacks by calling you names or mocking you or gaslight you. All right out of the Saul Alinsky playbook...
 
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boe has relapsed, back on the sauce...qe faucet back on, 10y gilt ylds immediately drop 40 bps

markets apparently are unsure of what they think the fed thinks so therefore dont know what to think.

this is about to get real fun.
 
Per Larry Kudlow on Hannity the US is producing almost 3 million barrels a day LESS of oil than under the Trump admin. No justification for this.

This is damning data against the current clown admin.
 
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