This is for Biden lovers. I never have been one. There is an article in Yahoo Finance [finance.yahoo.com]
The writing is on the wall if you still are in denial:
- Joe Biden is shaping up as the next Jimmy Carter.
- In the 1970s, Carter had to deal with surging inflation, as Biden does now
- Carter faced an energy crisis, triggered abroad, much as Biden is facing now caused by Russia’s invasion of Ukraine
- Carter claimed the nation faced a “crisis in confidence,” which is arguably the case under Biden too, It is at the lowest levels on record.
- Carter was a one-term president, Biden will most like be one too. Democrats already seem teed up for a drubbing in this year’s midterm elections.
The Fed Chairman Powelll said today that recession is a possibility and the stock market began tanking even after good earnings reports. Brace for another slump economy drag of at least 5 years starting now.
The Feds have begun to prepare for recession. [finance.yahoo.com]
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4 comments
Feel free to reply to any comment by clicking the "Reply" button.It's not that we love Biden so much, its that the alternative was another four years of the absolute worst president and one of the worst human beings to ever hold office in this country. It's like having to choose between eating a shit sandwich or being completely buried up to your nose in shit. I'd rather not have another four years of Biden but I absolutely don't want another four years of Trump in 2022. Biden should retire. Trump should be in prison.
Charles1971
Level 7
June 22, 2022
2
Adding another $45 billion to the military budget in last few days will undoubtedly help, don't think Carter would have done that.
The US at the time was aghast that the integrity of their embassy had been violated, people held hostage with a real threat of harm. Did not Ronnie Raygun and G Bush Snr do a deal, Iran-Contra deal, to delay the release of hostages, thus alter and influence election results? The violation of embassies, not a good thing.
When's Biden off to Saudi Arabia again?
Carter had/ has integrity. Biden has / had none.
puff
Level 8
June 22, 2022
1
I noticed the liberal Democratic dolts on this site lack the integrity to admitt that this guy is a fool and incompetent puppet.He is beyond being blamed for this debacle due to the fact he does not even make any decisions and the country is being run by his incompetent advisers handlers etc
biguy12
Level 6
June 22, 2022
3
Biden would be wise to withdraw like LBJ did. He is simply too old, and the US leader should be charismatic to win the election. It shouldn't be that way, but it is. And please, I love Warren and AOC, but Hillary demonstrated that a woman still does poorly with misogynists.
Fed Chairman Powell is doing as much to cause the recession as anything else.
- Inflation is not being caused by an overheated economy, but by supply chain problems. Raising interest rates does nothing to solve those problems.
- Even if the economy were anything like overheated, the high gas prices would be adequate to slow it.
- The increases in interest rates makes bonds more attractive, and in order to buy those bonds, money managers sell stock to raise the money needed. That accounts for the big stock market drops.
- The increases in interest rates makes houses even less affordable, and crushes the housing market whether it's lenders, escrow, RE agents, etc.
- A lot of the price increases are coming from GQP corporations that hate Biden. The gouging CEOs should pay a price, but without a loyal democrat Senate, it's not happening.
- These big rate hikes are very hard on the poor who have variable interest rates, just like what happened in 2008-2009. Will fraudulent derivatives be exposed again too?
racocn8
Level 9
June 22, 2022
1
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