markets.businessinsider.com
That's nothing to brag about. Wow!!
The US made $4 billion selling oil this year on President Biden's unprecedented releases from the Strategic Petroleum Reserve
Sales from the Strategic Petroleum Reserve total 180 million barrels at an average of $96.25 per barrel.
It's certainly nothing to complain about either - unless you're a whiny MAGA grievance poster.
It is. He released oil from the strategic reserves and its sold at market rates so 4b is not surprising. He blatantly did it to help the dems in the midterms too and that was the only reason why. The price of gas is now going back up fast too. F*#K good for nothing brandon.
You whined about gas prices incessantly. You whined when he addressed it - it worked for a while and that helped people who were struggling. He's damned if he does and damned if he doesn't. He could cure cancer and you'd whine about it because that's all you MAGAs do. All grievance, all the time.
He did it to help himself and his fellow commie occupiers. The people's leader is working on his comeback and it will be a doozy.
Is a doozy kinda like a giant red wave? Meanwhile the economy is doing just fine
These are the direct result of the actions the Fed has taken to address inflation and exactly what we needed to happen. In other words, the plan is working.
Things are bad!! Worst 2 years of a presidency in modern history and it cannot be argued when looked at in whole instead of cherry picking a few stats.
You could have just said Nuh-uh because we know you don't know what you're talking about you partisan loon.
We cannot even trust the stats either until a reasonable period of time passes and audits occur after these crooks over counted jobs just recently by around a million.
Those stats are due to the BLS using a different method for collecting and analyzing the data than the Philadelphia Fed, as well as varying definitions of what constitutes a new job. Regardless, we added an average of 375,000 jobs a month in 2022, which indicates a hot job market no matter how you slice it. 4.5 million jobs added in addition to 6.7 million added the year before. Are you trying to tell me yall don't badly need workers at the overnight chicken plant? You know you do but you just needed another excuse to whine. All doom and gloom you are.....
Oh great, another excuse for you to explain us that gubment bad. I'm not getting into another war of words with you but I'll just make a few points.ury o a certain degree I suppose you can say this but the reality is far different and it's not something that we can be dealt with by the Fed. But it ties into one of the ironies that both sides mindlessly participate in that I've never understood.
The idea that is inherent with our economy is that it should thrive and grow independent of what the government does. We don't want a government run economy. That's the worst thing that could possibly happen. Yet we continuously try to give credit where credit is not due regardless of whether it's a Republican or a Democrat in the Oval Office. Certainly tax policy can either stimulate or slow the economy and government spending can also create problems for growth. Beyond that the government and any agency associated with it should have little to do with our economy. Only since we began granting so much power to the federal reserve did we start to see these enormous swings in our economic fortunes.
Which brings us back to your point about this current economy that we have which is a terrible economy. Last year was the only time in recorded history that the bond market and the stock market both lost 10%. That's never happened before and it's a sign of terrible monetary policy associated with a poor economy generally speaking. To which you will say but unemployment is low and things are going great. No they aren't! The true employment number is so much higher when associated with the labor force participation rate which is alarmingly low. Lower than at any point we've seen since the 1970s.
This problem can be directly correlated to government because of all the unemployment aid and additional benefits we have been providing to an extraordinarily high cost in terms of dollars at the federal and state level. This has disincentivized work. This is not something the Fed can work us out of but rather something that we're going to have to deal with that the government policy level. We are destroying our labor force.
Labor Force Participation Rate
View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.fred.stlouisfed.org
Whichever side is in power will manipulate and distort our economic statistics. It is bad policy for the country for us to continue doing this. This isn't relevant to just one side but rather both sides. Economic data should be economic data and it should be crystal clear that the party in power is not responsible for our economic woes or successes. Right now the reality is that with muscular regulation and a lot of controls there is way too much power exerted on our economy by the holder of the presidency and Congress.
This is yet another item we need to deal with in this country. We need to stabilize our economy in such a way that we quit throwing an economic football back and forth depending on who's in power. It's really bad policy. An economy works best when it operates under predictable circumstances. Within the circumstances the less involvement that comes from the government the better for the economy in question. This is an economic law that is immutable regardless of what any one wants to say.
Biden sold oil for the same reason that Trump did but under extraordinarily different circumstances. You can't compare the post-COVID economy to anything that happened before. Stop being dense.
"Establishment Survey Data"
I guess we won't know how accurate they are then until we see the adjusted numbers but I'm only referencing what is known at the moment. Would it make that big a difference to you if the monthly numbers were 325,000 instead of 375,000? Either way it's alot.
What I see firsthand, as well as what I hear from friends, comports with the BLS report. We need workers and you almost can't pay them enough to start because they have so many options - and we pay well.
What Trump did and how he did it was legit. What Biden did was bogus and wrong. Its that simple. LOL!Biden sold oil for the same reason that Trump did but under extraordinarily different circumstances. You can't compare the post-COVID economy to anything that happened before. Stop being dense.
Trump authorizes release of oil from strategic petroleum reserve after Saudi attacks
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.www.cnbc.com
And if the names were reversed, you'd say the opposite. You are not legit so you should quit.
justthenews.com
Americans sour on national outlook ahead of Biden State of the Union: poll
Respondents further indicated they saw little hope for productivity in the current Congress.
Thats silly as the house repubs have very little ability to pass any bills into law the next 2 years. They need to do what they can do though and throw some stuff up there and make the senate knock it down and they need to give China Joe a continuous proctal exam.CNN Poll: Nearly three-quarters of Americans think House GOP leaders haven't paid enough attention to most important problems | CNN Politics
Fewer than one-third of Americans believe that House GOP leaders are prioritizing the country's most important issues, according to a new CNN Poll conducted by SSRS. Neither party's congressional leadership earns majority approval, and Republicans are particularly likely to express discontent...www.cnn.com
