President Joe Biden - Kamala Harris Administration

[hog88]

We've always had inflationary cycles. Was the president in office during the time of inflation always to blame?

After 2 1/2 years in office yes, he owns it because he has done nothing but make it worse.

 

[GordonC]

After 2 1/2 years in office yes, he owns it because he has done nothing but make it worse.

Remember when people said Harris would be President in six months after the election?
yeah, about that

 

[SpaceCoastVol]

After 2 1/2 years in office yes, he owns it because he has done nothing but make it worse.

Buuuuttttttt Truuuuuuummmmmmppppppp

 

[Zues1]

When Bidens mouth is moving one of two things comes out, gibberish or lies.

 

[rekinhavoc]

Biden admin issues 20-year oil drilling ban near Indigenous site, ignoring pleas from Native Americans

Way to listen to the people Joe.

 

[norrislakevol]

Average gas price in 2018 (pre COVID) was $2.81.
I paid $2.93 a gallon a couple of days ago.

Heck, It'll be much cheaper than that after we slide into the recession that will soon be coming. People are cutting back on spending, and we have another real estate crisis on the horizon.

 

[luthervol]

Heck, It'll be much cheaper than that after we slide into the recession that will soon be coming. People are cutting back on spending, and we have another real estate crisis on the horizon.

But aren't low prices for a gallon of gas the definitive indicator that the economy is great?

 

[FLVOL_79]

But aren't low prices for a gallon of gas the definitive indicator that the economy is great?

Your boy Pedo Joe has literally done nothing to improve American lives. NOTHING.

 

[volfanhill]

 

[McDad]

Heck, It'll be much cheaper than that after we slide into the recession that will soon be coming. People are cutting back on spending, and we have another real estate crisis on the horizon.

I don't see an impending crisis looming. There will be a slowing of sales and a pull back of prices. Neither is a concern because homeowners already in a long term residence care nothing of slow sales. And a price adjustment is good for those just outside the ability to purchase. Neither event will destroy the appreciation seen in the last 8 years.

 

[norrislakevol]

But aren't low prices for a gallon of gas the definitive indicator that the economy is great?

I see your sarcasm, and I am sure that you obviously know that it depends on why they are low. Plenty of energy, or a collapsing economy......makes a big difference.

 

[norrislakevol]

I don't see an impending crisis looming. There will be a slowing of sales and a pull back of prices. Neither is a concern because homeowners already in a long term residence home care nothing of slow sales. And a price adjustment is good for those just outside the ability to purchase. Neither event will destroy the appreciation seen in the last 8 years.

I was mainly referring to the commercial real estate market.

 

[McDad]

I was mainly referring to the commercial real estate market.

Apologies for misunderstanding your post.

I don't follow commercial very much.

 

[FLVOL_79]

I don't see an impending crisis looming. There will be a slowing of sales and a pull back of prices. Neither is a concern because homeowners already in a long term residence home care nothing of slow sales. And a price adjustment is good for those just outside the ability to purchase. Neither event will destroy the appreciation seen in the last 8 years.

I think the racial based equity movement in real estate is going to tank the industry next. Same thing from the early 2000s, just with a different name and a more narrow target group.

 

[McDad]

I think the racial based equity movement in real estate is going to tank the industry next. Same thing from the early 2000s, just with a different name and a more narrow target group.

It's possible. Anytime borrowers are qualified on anything beyond their risk of default, the door to a bubble is opened.
I dont know the percentage those special considerations account for in the housing market. If it is below 5%, it will be a ripple rather than a tsunami.

 

[C-south]

But aren't low prices for a gallon of gas the definitive indicator that the economy is great?

Not when you use a national average to compare a made up local price.

 

[luthervol]

I see your sarcasm, and I am sure that you obviously know that it depends on why they are low. Plenty of energy, or a collapsing economy......makes a big difference.

There are multiple factors. Few of which have anything to do with who is president.
Trying to blame Biden for high oil prices is nonsense. But if one whish to do that, then they need to be singing his praises for all that he must have done to bring prices down so drastically over the past year.

 

[illumiVOLi]

There are multiple factors. Few of which have anything to do with who is president.
Trying to blame Biden for high oil prices is nonsense. But if one whish to do that, then they need to be singing his praises for all that he must have done to bring prices down so drastically over the past year.

Didn’t he come in and start shutting down pipe lines? Hasn’t he seriously depleted our national reserves to keep gas prices lower? Sandbag Joe sacked a lot of petroleum resources in this country but keep on keeping on Barney.

 

[norrislakevol]

Apologies for misunderstanding your post.

I don't follow commercial very much.

To be fair, I wasn't very clear.

 

[W.TN.Orange Blood]

 

[FLVOL_79]

It's possible. Anytime borrows are qualified on anything beyond their risk of default, the door to a bubble is opened.
I dont know the percentage those special considerations account for in the housing market. If it is below 5%, it will be a ripple rather than a tsunami.

I'm not worried. To be honest I made a lot of money in real estate during Obamas term doing simple flips in the hoods of Orlando when the markets tanked. I wouldn't mind doing it again. I'm counting on left wing race based politics to reopen that door.

 

[CagleMtnVol]

Average gas price in 2018 (pre COVID) was $2.81.
I paid $2.93 a gallon a couple of days ago.

I admit I've slept since then but I'm pretty sure that gas was less than $2.00 on election day 2020 when that senile old man was appointed.

 

[DC_Vol]

I know you desperately want the sky to be falling............but it just ain't happening.

The sky is falling for those who live paycheck to paycheck. I’m surprised you’re not more aware of this. Take home discretionary income has shrunk, a result of wages not keeping up with inflation.

This is not the picture of a healthy economic environment.

 

[luthervol]

I admit I've slept since then but I'm pretty sure that gas was less than $2.00 on election day 2020 when that senile old man was appointed.

Election day? When no one was traveling due to COVID? Gas prices would have dropped no matter who was in office.
And they would rise when demand increased no matter who was in office.

If you want to blame Biden for gas prices, then you have to praise him for job growth.
You can't factor in COVID for one thing and not the other.

 

[McDad]

Election day? When no one was traveling due to COVID? Gas prices would have dropped no matter who was in office.
And they would rise when demand increased no matter who was in office.

Remarks by President Biden on Gas Prices and Putin's Price Hike | The White House

Excerpt from link quoted from Biden:

And let’s remember how we got here: Putin invaded Ukraine. Putin invaded Ukraine with 100,000 forces.

Just look at the facts: Since the start of the war in Ukraine this year, gas prices have risen by almost $2.00 a gallon in the United States, and sometimes more, around the world.

Luther was aghast when the previous president lied. What happened to change him, I wonder?