Bidenflation - Its ugly in the markets and your 401k today.

[OleFastball]

Market is down, what, 25% from the highs and about 20% since sleepy Joe Bidenflation took office. Green new deal policies continue to aid and abet inflation and he shows no understanding that its crushing the low to middle class. The 60 minutes interview (how did his handlers let him do that interview?) continues to show that he hasn't the slightest clue whats ravaging the American economy.

Worst president in since Carter and probably ever.

Go to sleep Joe! Take a dirt nap!

 

[harristeeter]

Well the good news (sarcasm) is the Fed is going to raise interest rates again tomorrow afternoon. Yay...

 

[97ClemsonMac]

No surprise here, regardless who you want to point fingers at

 

[OleFastball]

Bloodbath for your 401k's. #Bidenflation!

 

[yoshi121374]

I mean, global pandemics have financial impacts. Who knew?

 

[OleFastball]

I mean, global pandemics have financial impacts. Who knew?

So do bad policies and ineffective leadership.

 

[yoshi121374]

So do bad policies and ineffective leadership.

Yep, Trump screwed the pooch didn't he?

That sentiment is just as false as Blaming Biden for the current inflation/economic recovery. Are you going to give Biden credit for the gas prices coming back down? I just filled my truck at less than $3 a gallon in Greenville

The Blame game for presidents about economy is laughable.

 

[OleFastball]

Trump living rent free.

SO when Trump took over and the markets did well, it was all Obama's doing.

And now when Biden takes over and the market goes to shit it was all Trumps doing.

LOL. You guys can never admit anything. Just say "our policies suck donkey dick and will cause your 401k to eat shit". "We want to implement shit policies and it will cost a ton of money."

 

[OleFastball]

Yep, Trump screwed the pooch didn't he?

That sentiment is just as false as Blaming Biden for the current inflation/economic recovery. Are you going to give Biden credit for the gas prices coming back down? I just filled my truck at less than $3 a gallon in Greenville

The Blame game for presidents about economy is laughable.

Biden bring prices back down? Are you falling for the up $3 and then down $1 is bringing prices down?

You are a clown.

I filled my truck up for $1.30 under Trump.

#clownworld

 

[yoshi121374]

Trump living rent free.

SO when Trump took over and the markets did well, it was all Obama's doing.

And now when Biden takes over and the market goes to shit it was all Trumps doing.

LOL. You guys can never admit anything. Just say "our policies suck donkey dick and will cause your 401k to eat shit". "We want to implement shit policies and it will cost a ton of money."

You truly aren't very smart are you? Let's think for a second, what happened at the end of Trump's presidency that caused the economy to suffer?

Also, maybe you should notice I mentioned that the president gets far too much blame and far too much credit for the economy.

And ftr, unlike you, I don't cheer for one party or the other. I just ask people aren't dumb.

 

[DW4_2016]

Trump living rent free.

SO when Trump took over and the markets did well, it was all Obama's doing.

And now when Biden takes over and the market goes to shit it was all Trumps doing.

LOL. You guys can never admit anything. Just say "our policies suck donkey dick and will cause your 401k to eat shit". "We want to implement shit policies and it will cost a ton of money."

Trump actually paying a lot of people's rent

 

[iceheart08]

Market is down, what, 25% from the highs and about 20% since sleepy Joe Bidenflation took office. Green new deal policies continue to aid and abet inflation and he shows no understanding that its crushing the low to middle class. The 60 minutes interview (how did his handlers let him do that interview?) continues to show that he hasn't the slightest clue whats ravaging the American economy.

Worst president in since Carter and probably ever.

Go to sleep Joe! Take a dirt nap!

you know the green new deal isn't a law, and hasn't been passed right?

So it's kinda amazing that you are accusing others of "showing no understanding".

 

[PalmettoTiger1]

Yep, Trump screwed the pooch didn't he?

That sentiment is just as false as Blaming Biden for the current inflation/economic recovery. Are you going to give Biden credit for the gas prices coming back down? I just filled my truck at less than $3 a gallon in Greenville

The Blame game for presidents about economy is laughable.

Let me understand your thinking

Biden policies drive gas from $2 to $5 plus per gallon of gas

Then Biden policies crush demand and damage supply side causing huge demand collapse which is heading the US and world to Global Recession which many are fearing may lead to Global Depression

Gas drops to $3 a gallon due to economic collapse

You then praise Biden for creating this disaster and crisis for gas to be at price now lower than $5 per gallon

I must say I don’t really buy into your thinking

 

[OleFastball]

Let me understand your thinking

Biden policies drive gas from $2 to $5 plus per gallon of gas

Then Biden policies crush demand and damage supply side causing huge demand collapse which is heading the US and world to Global Recession which many are fearing may lead to Global Depression

Gas drops to $3 a gallon due to economic collapse

You then praise Biden for creating this disaster and crisis for gas to be at price now lower than $5 per gallon

I must say I don’t really buy into your thinking

No one buys that line of thinking. lol. Not sure you can call that thinking.

 

[OleFastball]

you know the green new deal isn't a law, and hasn't been passed right?

So it's kinda amazing that you are accusing others of "showing no understanding".

Which position is a position not supported by the democrats?

Democrats = high taxes, green new deal, inflation, groomers, trannies, masks, forced vaccinations, defund the police, lockdowns, framing political opponents, paid Russians to work against america.

 

[iceheart08]

Which position is a position not supported by the democrats?

Democrats = high taxes, green new deal, inflation, groomers, trannies, masks, forced vaccinations, defund the police, lockdowns, framing political opponents, paid Russians to work against america.

You are obviously incapable of objective reasoning, so telling you that Democrats literally "support" none of what you wrote is probably a waste of my time.

Democrats don't support "high taxes", we support a government that has access to the money it needs to run and provide services to it's citizens.

But, again, I struggle with how you can't see that the things you are writing are framed in an explicitly partisan and unproductive manner. And that the average American thinks that partisan frame is absolutely nonsense.

Republicans support: bigotry, stealing elections by making it harder for communities of color to vote, taking money away from poor people.

See what I did there? I can reframe it for you if you'd like.

Republicans support: traditional families, election integrity, personal accountability.

The fact that you can't see that there's an issue with the way that you are framing these policies is a direct refutation of the notion that you aren't stupid or a deplorable, as you said it.

 

[iceheart08]

Which position is a position not supported by the democrats?

Democrats = high taxes, green new deal, inflation, groomers, trannies, masks, forced vaccinations, defund the police, lockdowns, framing political opponents, paid Russians to work against america.

And you are still refusing to acknowledge your error in claiming, repeatedly, that "the green new deal" is causing inflation and killing jobs. Despite it not being a law, and not being passed by any legislature, even the Democratic controlled house...

 

[other1]

Let me understand your thinking

Biden policies drive gas from $2 to $5 plus per gallon of gas

Then Biden policies crush demand and damage supply side causing huge demand collapse which is heading the US and world to Global Recession which many are fearing may lead to Global Depression

Gas drops to $3 a gallon due to economic collapse

You then praise Biden for creating this disaster and crisis for gas to be at price now lower than $5 per gallon

I must say I don’t really buy into your thinking

A couple of months ago at hearings in DC oil company execs were questioned about the high price of gas. They had the opportunity to throw Biden under the bus and they didn't. They said it was a supply and demand thing along with a couple of refineries being down.

 

[TigerRagRob]

You truly aren't very smart are you? Let's think for a second, what happened at the end of Trump's presidency that caused the economy to suffer?

Also, maybe you should notice I mentioned that the president gets far too much blame and far too much credit for the economy.

And ftr, unlike you, I don't cheer for one party or the other. I just ask people aren't dumb.

PedoHitler happened

 

[dpic73]

PedoHitler happened

What a strange little pussy, using your adolescent trigger words, enabled by your worship of a corrupt tinman that made you feel comfortable being the worst version of yourself. What a tragedy that the man who occupied the highest office in the world normalized your ignorant, toxic behavior. Below is his latest meme share on Trough Social. I bet it makes you proud doesn't it?

 

[jakefest]

And you are still refusing to acknowledge your error in claiming, repeatedly, that "the green new deal" is causing inflation and killing jobs. Despite it not being a law, and not being passed by any legislature, even the Democratic controlled house...

When the money baked into the "inflation reduction act" starts to hit the market, it's going to contribute to inflation. The Fed is going to have no choice but to go full Volker and hike rates into double digits. More money + less goods = more inflation.....no simple way around that.

Inflation hanging around at 6,7,8% is great for the deficit but horrible for the country.......the left have openly said they support inflation for this very reason. Certainly was said under Obama and I wouldn't be surprised if this admin stops trying to resolve it if it gets down to 6 or 7%. In all honesty, if they run it down to 2% this calendar year, it likely breaks everything so they have to let it trickle down over an 12-18 month period in my opinion.

Also, when Goldman starts clearing out the IB side of the business (analysts, bankers etc) , the economy is in a bad place. Stock prices in downturn markets have a pretty significant impact on hiring/firing........the worst is yet to come.

"we support a government that has access to the money it needs to run and provide services to it's citizens."

Interesting statement here........ the government doesn't need more money......they collected $4T in taxes last year and this year. These bills have all sorts of utter nonsense spending in them which I doubt most of elected officials even bother to read, much less 85% (or more) of the country. I can't imagine the majority of Americans support sending money to places like Mexico to support abortions. (just one example of nonsense spending)

 

[jakefest]

A couple of months ago at hearings in DC oil company execs were questioned about the high price of gas. They had the opportunity to throw Biden under the bus and they didn't. They said it was a supply and demand thing along with a couple of refineries being down.

Did you see Rashida Talib questioning the CEO's of the Tier 1 banks last week regarding investment in oil and gas? When Jamie Dimon said he would continue to fund development, she told the country they should shut their Chase Bank accounts and move to another bank. We still doubt that the admin has any impact on Oil and Gas?

 

[jakefest]

Did you see Rashida Talib questioning the CEO's of the Tier 1 banks last week regarding investment in oil and gas? When Jamie Dimon said he would continue to fund development, she told the country they should shut their Chase Bank accounts and move to another bank. We still doubt that the admin has any impact on Oil and Gas?

View embedded media

Here is the link in case anyone missed it.......absolute stupidity

 

[Mr.Fitzwell]

How can we not ALL agree that the far extreme on both sides are repulsive bigots, totalitarian, fascists? The only way to rid this country of these cancers is to go moderate...moderate either way is good...I say "fvck libs" because it's fun, but I'm only talking about the extreme...I could just as easily, with good conscience, say "fvck pubs" and be talking about the far right...we CAN find a happy medium. This place hasn't always been this divided...it doesn't have to be now.

 

[TigerRagRob]

What a strange little pussy, using your adolescent trigger words, enabled by your worship of a corrupt tinman that made you feel comfortable being the worst version of yourself. What a tragedy that the man who occupied the highest office in the world normalized your ignorant, toxic behavior. Below is his latest meme share on Trough Social. I bet it makes you proud doesn't it?

Why Ike maybe poker just isnt your game. I know lets have a spelling contest....

 

[TigerRagRob]

How can we not ALL agree that the far extreme on both sides are repulsive bigots, totalitarian, fascists? The only way to rid this country of these cancers is to go moderate...moderate either way is good...I say "fvck libs" because it's fun, but I'm only talking about the extreme...I could just as easily, with good conscience, say "fvck pubs" and be talking about the far right...we CAN find a happy medium. This place hasn't always been this divided...it doesn't have to be now.

But libs arent the extreme nor conservatives. It the ones past those points that tend to be authoritarian and crazy. Those crazy socialist/commie types on the left and religious zealot types like isis and taliban on the right or the ones that burned witches here. But things always seem to be very divided when it swings too much to a far right/left spot. Like 100 years ago everything seem to be far right and conservatives began moving to the dems slowly. Maxed out in the 60's then the tilt started going the other way. In the mid 90's the conservatives that were dems got pushout and all went rep. At this point libs and even a few socialist find that they are on the right now(see Jimmy Dore)....

 

[OleFastball]

Another day of #Bidenflation and another day his shitty policies take a bite out of your 401k.

 

[iceheart08]

Another day of #Bidenflation and another day his shitty policies take a bite out of your 401k.

Like the green new deal?

 

[OleFastball]

Like the green new deal?

Yep.

The same reason sleepy Joe cancelled the pipeline.

Quote:
Joe Biden said during a rally this week that he wants to “get rid of fossil fuels.”

Biden said:

“We are going to get rid of fossil fuels.”

 

[DW4_2016]

Yep.

The same reason sleepy Joe cancelled the pipeline.

Quote:
Joe Biden said during a rally this week that he wants to “get rid of fossil fuels.”

Biden said:

“We are going to get rid of fossil fuels.”

did he say when it would happen by? because given enough time he is correct. one way or another we are going to get rid of them because we will run out of them.

 

[OleFastball]

did he say when it would happen by? because given enough time he is correct. one way or another we are going to get rid of them because we will run out of them.

Thats about the only way he would be correct about anything. Inadvertently.

 

[dpic73]

Thats about the only way he would be correct about anything. Inadvertently.

Is Klanny Oakley your muse?

 

[ForzaTigre]

People who watch their 401k’s are the biggest babies.

if you’re 5 years or less from retirement be in something conservative

if you’re further out from retirement shut your mouth and realize the market goes up and down no matter who’s president. It’s a buying opportunity.

 

[OleFastball]

People who watch their 401k’s are the biggest babies.

if you’re 5 years or less from retirement be in something conservative

if you’re further out from retirement shut your mouth and realize the market goes up and down no matter who’s president. It’s a buying opportunity.

It’s a buying opportunity because Biden is a Bozo.
All those people 5 years from retirement are getting screwed big time. Guess they don’t matter huh? Thought you all loved everyone. Everyone but those 5 years from retirement I guess

not only that, #bidenflation is punishing the poor at the grocery store among other places. Inflation hits the poor and middle class the hardest those y’all claim to help.

 

[OleFastball]

Stock market has lost $8 trillion since Biden took office. No doubt that bidenflation is a large part of the reason.

I hope he can get it turned around. But he is a clown supporting clown policies so I doubt it.

 

[harristeeter]

Sad reality is I know individuals that were planning on retiring in the next six months that have watched their retirement accounts get hammered. Now they're all having to continue working because retirement is not financially feasible at this time.

Don't care what side of the aisle you're on, it's very sad for ALOT of people right now. I also spoke with a retired couple over the weekend that haven't (literally, I'm not kidding) went out to eat in over six months due to the rise in cost.

 

[TinyDan]

Why didn’t the folks <5 years from retirement have their savings in bonds by now? i bet they’re gonna come whining to the government for a handout. Pull yourself up by the bootstraps! #PartyOfPersonalResponsibility

 

[Clemson Goat]

Yep, Trump screwed the pooch didn't he?

That sentiment is just as false as Blaming Biden for the current inflation/economic recovery. Are you going to give Biden credit for the gas prices coming back down? I just filled my truck at less than $3 a gallon in Greenville

The Blame game for presidents about economy is laughable.

IF I remember correctly gas was below 2 dollars per gallon when he took office... Plus natural gas has gone up up , up....
Time to fire up the old wood heater this winter... If we are allowed to still burn wood...

 

[OleFastball]

Why didn’t the folks <5 years from retirement have their savings in bonds by now? i bet they’re gonna come whining to the government for a handout. Pull yourself up by the bootstraps! #PartyOfPersonalResponsibility

Because bonds suck as an investment too! Can’t even keep up with the rate of #bidenflation.

that’s the thing, there is no where to hide from inflation. It ravages the people, the economy, and Espescially the lower class.
Joe needs to stop sleeping and get it under control. I think he is ion the right path by forgiving $400B in student loans and giving Billions more away to Ukraine. Giving away money usually helps inflation instantly. #policiesmatter

 

[PawsFan_]

Yep, Trump screwed the pooch didn't he?

That sentiment is just as false as Blaming Biden for the current inflation/economic recovery. Are you going to give Biden credit for the gas prices coming back down? I just filled my truck at less than $3 a gallon in Greenville

The Blame game for presidents about economy is laughable.

Dude. Gas prices have come down because of the recession. There's less demand for travel and transportation right now. This supply is beginning to meet demand.

$3 a gallon is still a long way from $1.83.

The blame game is fair when the President does things to decrease domestic oil production and vilify the industry.

"Go buy an electric vehicle."

PSA: See how well those electric vehicle work in Florida when Ian takes down the power grid for awhile.