President Joe Biden - Kamala Harris Administration

[TNVOLNAVY]

 

[Rasputin_Vol]

I'll believe it if I see it.

I've already seen it. Trump should have easily won in 2020 with the black male vote and with the younger generations. Black boomers and black women in these battleground states run the levers of power in these metro areas and had to cheat in the worst way possible to get Jim Crow Joe in.

I walk these streets and talk to real people out here... black folks. I have friends and family... black folks. The DNC has lost at least 40% of black men (very conservative number) and are trending to lose more in years to come. And the younger generations (non-Boomers) are not loyal supporters.

This video right here is a perfect example of what I'm talking about. You never would have had something like this being openly discussed a decade ago.

 

[jmacvols1]

MAZE
@mazemoore

This is hysterical, check this out. After getting caught plagiarizing and lying about a bunch of things in 1987, Biden dropped out of the Presidential race. He was asked about claims he made about being an activist for civil rights and he came clean, admitting that none of it was true.

Years later he resurrected the lie and in 2012, while speaking to the NAACP, Biden claimed that he would go to "Reverend Wright's" church before heading out to desegregate movie theaters.

In 2014 Biden replaced Wright with Reverends Moyer and Holloway. Both Reverends were asked about Biden, neither remembered Biden ever coming to their church.

In 2020 Biden brought Reverend Otis Herring into the story. Before he died Herring said he only met Biden once in the 90's. The administrator of the church who had been there for decades, Phyllis Drummond, said that Biden never attended the church. Not one time.

A couple weeks ago Biden replaced Herring in the story with an unnamed female Bishop.

It's so strange how Black America lets Biden get away with this stuff.

 

[Orangeburst]

Congress scrambles to fix housing as prices soar

The calls for action are "growing exponentially," Senate Finance Chair Ron Wyden (D-Ore.) said, with high interest rates squeezing supply.

www.politico.com

not sure where to put this..but sounds like a great plan.

 

[Rasputin_Vol]

 

[Rasputin_Vol]

 

[SpaceCoastVol]

View attachment 617202

We seriously need this kind of 'legislation'???????

We have lost this country.

 

[Grand Vol]

The CPSC is really out of control. It's like gas cans all over again. You take a tool that can be very unsafe in the hands of the untrained and force those rules against everyone. But for those that know to be safe and practice good habits, it's generally not a big thing.

But that's not good enough for government...

@Orangeslice13 thoughts?

Federal Register :: Request Access

www.federalregister.gov

 

[Rasputin_Vol]

We seriously need this kind of 'legislation'???????

We have lost this country.

There is an easy solution to this... any state that has a sanctuary city can only count 3/5 of it's total population for the electoral college... Constitutional precedent has already been set.

 

[Rasputin_Vol]

The CPSC is really out of control. It's like gas cans all over again. You take a tool that can be very unsafe in the hands of the untrained and force those rules against everyone. But for those that know to be safe and practice good habits, it's generally not a big thing.

But that's not good enough for government...

@Orangeslice13 thoughts?

Federal Register :: Request Access

www.federalregister.gov

You have companies right now that are banning electricians from using knives to strip the insulation jackets from cables. They ban knives from being used. How long has humanity had knives??? 5000 years or more, yet these technocrats want to ban them? Just saying... it's worse than you think.

 

[jmacvols1]

 

[Grand Vol]

You have companies right now that are banning electricians from using knives to strip the insulation jackets from cables. They ban knives from being used. How long has humanity had knives??? 5000 years or more, yet these technocrats want to ban them? Just saying... it's worse than you think.

I do want the next President to reign them in. It's the same organization responsible for these idiotic natural gas bans.

Power needs to return to Congress and the people where it belongs.

 

[W.TN.Orange Blood]

Didn't know exactly where to put this but since this crap falls under the Biden admin.

 

[Orangeburst]

Communist USA..

 

[Orangeslice13]

The CPSC is really out of control. It's like gas cans all over again. You take a tool that can be very unsafe in the hands of the untrained and force those rules against everyone. But for those that know to be safe and practice good habits, it's generally not a big thing.

But that's not good enough for government...

@Orangeslice13 thoughts?

Federal Register :: Request Access

www.federalregister.gov

Just more F-Tradary
You can’t legislate away stupidity.

Edit: I once had an employee drop a pencil and almost stick his face in a moving table saw bending over to pick it up. I shoved him aside as he was doing it or he might have died.

Fired right there.

 

[hog88]

Just more F-Tradary
You can’t legislate away stupidity.

Edit: I once had an employee drop a pencil and almost stick his face in a moving table saw bending over to pick it up. I shoved him aside as he was doing it or he might have died.

Fired right there.

It can be argued that our quest for safety has prevented Darwins theory from working.

 

[SpaceCoastVol]

There is an easy solution to this... any state that has a sanctuary city can only count 3/5 of it's total population for the electoral college... Constitutional precedent has already been set.

Problem is that the uniparty ain't interested in that kind of change. There is only one individual that I can think of that might want to fight for that kind of thing and he is vilified by that same uniparty.

He wants to ruin their hold, and they don't like it. It is really tragic that so many ignorant Americans are swayed by what the media and Taylor Swift think.
I find it absolutely amazing that there is really 30% of the American populace would vote for the Demented One with a word salad whore as his sidekick over Trump.

 

[jmacvols1]

 

[jmacvols1]

Banking crisis:

 

[Orangeburst]

Problem is that the uniparty ain't interested in that kind of change. There is only one individual that I can think of that might want to fight for that kind of thing and he is vilified by that same uniparty.

He wants to ruin their hold, and they don't like it. It is really tragic that so many ignorant Americans are swayed by what the media and Taylor Swift think.
I find it absolutely amazing that there is really 30% of the American populace would vote for the Demented One with a word salad whore as his sidekick over Trump.

Their political party told them we must reinvent the worlds economy due to CC, allow men to compete with women, there are 100 genders and one can use the bathroom of their choice so we must put tampon dispensers in the mens room, we need 3M illegal immigrants every year and fund them with hundreds of billions, taxes must be raised as there isnt enough gov revenue, we must send hundreds of billions to other nations, the police must be defunded, legalize narcotics, DEI and wokism are essential,…and we are the cult.

 

[Wireless1]

Didn't know exactly where to put this but since this crap falls under the Biden admin.

Sounds like we all need a Unix machine

 

[Rasputin_Vol]

Now I'm confused... if we are supposed to live in a world with a Federal Reserve/central bank, then Powell is doing exactly what he is doing by keeping rates high. But now I see people on the right complaining???


Help me make sense of this...do we want an interventionist central bank or no central bank?

I just need some consistency, folks.

 

[jmacvols1]

Now I'm confused... if we are supposed to live in a world with a Federal Reserve/central bank, then Powell is doing exactly what he is doing by keeping rates high. But now I see people on the right complaining???


Help me make sense of this...do we want an interventionist central bank or no central bank?

I just need some consistency, folks.

i think the complaint is the fed kept rates too low for too long creating a price bubble in housing prices now combined with high rates has killed the mtg market:
"Mortgage rates remain well above where they were a year ago, and this – following the rapid rise in housing prices over the past couple of years – has created a double whammy for potential homebuyers. Home prices are more expensive and the financing is pricier, resulting in a slowdown in the housing market."

Biggest Winners And Losers From The Fed’s Interest Rate Decision | Bankrate

The Federal Reserve is leaving interest rates unchanged, following its Jan. 30-31 meeting, with the fed funds rate staying at 5.25 to 5.5 percent.

www.bankrate.com

lowering rates now will keep inflation going so the fed needs a crisis as an excuse to lower rates.


Why did Federal Reserve kept the interest rate too low for that long (even when the inflation was skyrocketing towards the end) and now increasing so fast? Couldn't they have managed it better? Is Fed the culprit for economic instability?

Aaron Brown
MBA in Finance & Statistics (academic discipline), The University of Chicago Booth School of Business (Graduated 1982)


Most people, including most Fed board members, acknowledge that it was a mistake to delay interest rate increases in 2021 and early 2022. So, yes, it appears the Fed could have managed better and therefore, yes, the Fed deserves some blame for current economic issues.
But hindsight, as they say, is 20/20. At the time, the Fed had some reasons:

1. The belief that 2021 inflation was driven mainly by transitory issues like supply chain disruptions and reopening pains from pandemic lockdown. In this view, inflation would go away on its own, without the need for painful medicine. Moreover interest rate increases would not do much good for exogenous inflation.
2. A concern that the 2021 economic recovery was fragile and it was worth higher-than-normal risk of inflation to avoid the chance of derailing it.
3. A feeling that Americans had been through a very painful episode and avoiding current pain was justified even if it meant more future pain, like not nagging a sick person about unpaid bills.

I think those reasons were likely valid in themselves, but underestimated the strength of true monetary inflation and also of market reaction to a Fed seemingly not concerned enough about inflation—especially with a free-spending political administration. This is not hindsight, a lot of people—including me—said this in 2021.

Some people allege a political motivation. After Trump was defeated in 2020, it seemed like everyone who didn’t like Trump was working together for a while. Janet Yellen, the former Fed chair, was Secretary of the Treasury, and a wide range of mainstream economists seemed to be on board with lots of spending and low interest rates—economists who would normally be expected to be more cautious. I don’t think it’s a case of the administration pressuring the Fed, but there did seem to be a euphoria among the Washington elite and its academic boosters to chase a painless recovery. This is the sort of irrational exuberance that the Fed usually warns the people about, but in this case the people were trying to warn the Fed and politicians.

 

[Rasputin_Vol]

i think the complaint is the fed kept rates too low for too long creating a price bubble in housing prices now combined with high rates has killed the mtg market:

Well hold on... let's be honest. That would mean that Donald Trump took advantage of these artificially low rates, also. Even when he campaigned in 2016, he was aware rates were low. But once he got in office, he maintained the same aggressive low interest rates.

Just saying...

 

[jmacvols1]

Well hold on... let's be honest. That would mean that Donald Trump took advantage of these artificially low rates, also. Even when he campaigned in 2016, he was aware rates were low. But once he got in office, he maintained the same aggressive low interest rates.

Just saying...

Trump was against low interest rates as far back when Obama was President

Donald J. Trump
@realDonaldTrump

The Fed's reckless policies of low interest and flooding the market with dollars needs to be stopped or we will face record inflation.
2:24 PM · Sep 29, 2011

Yet as President Trump had the economy roaring and the Fed "spent much of 2018 operating under the assumption that Trump’s tax cuts and a continually plunging unemployment rate would soon kick the economy into high gear, creating inflation. And until about five years ago, policymakers assumed that unemployment couldn’t get much lower than 5 percent, suggesting the U.S. economy was on the brink of overheating.

The Fed hiked four times in 2018 under this assumption — even though none of it ended up coming to fruition. Joblessness continued its free fall, plunging to as low as 3.5 percent, while inflation remained tepid."

"Leading up to the Fed’s three cuts last year, Powell admitted in July during his semiannual testimony to Congress that officials didn’t get their estimates right, adding that joblessness can go much lower than officials initially thought without stoking inflation. That revelation also meant that interest rates were restricting growth more than officials thought. That’s something Trump had been claiming all along, with the claims appearing as early as April, before the possibility of rate cuts were even on the Fed’s radar."

The Fed wrongly tho't inflation would be a problem hence raised interest rates and Trump complained those rate increases would slow the economy when they were not necessary for inflation was not a problem. Powell admitted they were a mistake.

“Donald Trump was right,” Duy says. “The Fed did raise interest rates too much in 2018, and certainly, the last rate hike in 2018 and the signaling for more hikes in 2019 was a pretty clear error. Donald Trump did call the Fed out on this, and the Fed proved that rates were too high because they cut interest rates.”

Donald J. Trump
@realDonaldTrump
·
If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!
9:04 AM · Apr 14, 2019

"Even though the Fed did ultimately fulfill part of Trump’s requests, experts say it hasn’t propelled the economy forward “like a rocket ship,” as the president suggested it would. Growth has averaged out to 2.6 percent over the past three years, with the strongest year coming in 2017 after Trump’s tax cuts. The Congressional Budget Office, however, estimates that growth will average out to 1.9 percent each year over the next decade.

“The Fed probably did damage the economy a little bit by tightening rates, but I don’t think it’s the difference between where we are and a rocket ship,” Brusca says. “It just goes to show that even Mr. Trump can be right for the wrong reasons.”

Was Trump Right About The Fed And Interest Rates All Along? | Bankrate

Trump's calls for lower interest rates and balance sheet growth were exactly how monetary policy ended in 2019, and it might have justified Trump’s position all along. But experts caution that the president, who has made a habit of jawboning Fed officials, wasn’t wholly correct — even if his...

www.bankrate.com

feds kept raies low under Obama to prop the economy up and they would like to cut the rates to prop up Bidenomics.