Real inflation up over 30% since Biden took office

originally posted by: LordAhriman

originally posted by: Vroomfondel
The week biden was sworn in gas went to $2.37.

I don't even like Biden, but you guys are ridiculous! You really think that there's anything anyone in government can do to to raise prices in a week?

See my link above. Oil companies are refusing to up production to combat prices, the thing that they've always done before, to please their shareholders. Prices rise, they make more money, shares go up.

Corporate greed. That's it. But they know that about half of the American population are stupid enough to blame it on a president.

On production.

First it takes time to ramp up production. You can't just snap your fingers.

As recently as February Biden was saying he didnt want increased US production

The Biden administration reiterated its opposition this week to expanding U.S. fossil fuel production, rejecting the argument from Republicans that backing increased domestic production would lessen reliance on Russia and lower gas prices.

White House press secretary Jen Psaki rebuffed calls for the administration to back expanded drilling for oil and gas or to reverse its cancellation of the Keystone XL pipeline, as suggested by Republicans.

www.washingtonexaminer.com...

So what all the sudden n April or May oil companies were supposed to listen to Bidens reversal and massively increase production within a couple months? How would they get capital to set up drill sites, hire employees, move equipment, etc. All the while the prices for all of these steps has massively increased.

In addition, there is no guarantee these investments would pan out for these companies, as Biden may snap his fingers and shut them all down, as he has bragged he wants to do.

No confidence = low investment, as has always been the case.

In addition, production actually remains pretty high.



tradingeconomics.com...

Only Trump boom right before the pandemic was higher really, and we aren't that far off from it. So they are expected to immediately massively produce more following a lockdown, when the President is trying to destroy their entire business as soon as it wont harm him politically?


So no, you are wrong for trying to shirk blame from the Biden admin and blame it on energy companies refusal to increase production.

a reply to: Grambler

Well said.

originally posted by: DBCowboy
How crafty of the evil oil companies to do this with a president and administration that wants any excuse to promote their Green New De- . . . . . . .

If I was them this would be the perfect time for something like that.

After Trump's capitulation to OPEC to get them to slow production during the pandemic, to the war in Ukraine and sanctions Reducing Russia's exports, the massive supply back ups from "getting back to normal" before we were able to handle all the incoming supplies, and a Democratic govenrment with the slimest majority so they cant really do anything to stop you thanks to GOP being bought by the oil sector.

Its the perfect time for big oil to do something like this. Plenty of scapegoats for the uniformed or blind to point fingers to and continue to ignore the massive profits they rake in.

Real inflation up over 30% since Biden took office

Building Back Broker.

Next year seniors and disabled are going to be so effed.

By that time we'll probably be at $10 a gallon of gas. $15 for diesel.

a reply to: Grambler

Ill respond about production amounts in the next post, but suffice it to say the reason they are buying back stocks for shareholders iis they took a beating in 2020, and they aren't confident that investing in more production will be profitable long term, as Biden and the dems have bragged about killing the industry

They didn't need to buy back shares or keep dividends high. That's my point. All energy company's bought back shares and increased dividends to appease shareholders.

And it's part of the problem with record high gas prices. Why can't these corporations just have a moral standing for the nation they reside in and benefit from huge tax breaks?

Greed.

Also, oil and gas company's recieved more federal funding during the pandemic than green energy initiatives. So saying the biden admin was trying to destroy oil isn't an honest statement.

a reply to: strongfp

Cut the #.

BLACKROCK/Vanguard/ENGINE NUMBER 1.

Big oil isn't ran by who you think it is.

a reply to: neo96

Does it matter who runs it? It's not the US government, that's for sure. So why the bipartisanship and reactionary whining about biden? Anyone who follows this stuff knows the democrats are just as involved with corporate America as the gop is.

It's all in hind sight now. And the damage has been done. What are you gonna do about it?

originally posted by: mysterioustranger
a reply to: Grambler

Hey Grambler: the very day he was sworn in?

Or it was Mr. Clown's?

That minute? Admin of 4 yrs...that switched that minute to Biden...y'all scream it's him.

But, that of which you mply is not accurate.

1 day since? Or 4 years performance of the circus that got us there?

*I support neither bat-s--t Prez.

So why do you call one a clown and the other by his name? you're obviously in favor of one of them more than the other. It's ok, we know TDS is a real thing but you don't have to try to hide it.

a reply to: strongfp

Yes it effing matters who runs it, when their left wing ideologues.

So why the bipartisanship and reactionary whining about biden?

It's called stating A FACT.

For the last 2 years Brandon and his party have been running this country in to the ground.

And No D's aren't just involved they are running the entire show when their corporate ideologues own the entire 'means of production' of this entire country.

I can't remember the last time they whined about Citizens united.- They don't anymore.

Because all the corporate oligarchs are theirs,.

The three horseman of the Great Reset.

BlackRock.

Vanguard.

Engine Number One, and the rest of ESG bull #.

originally posted by: strongfp
a reply to: neo96

Anyone who follows this stuff knows the democrats are just as involved with corporate America as the gop is.

Shhh many still haven't figured it out


Having said that the state of the economy between el bido and trumpo is night and day and trump being on top.

The only question is would have trump got us to the same point and as fast. IMO I don't think it would have been nearly as fast but Trump was stupid enough to hire within the swamp and allowed himself to take guidance from the swamp , so it would have likely ended the same but much much much slower .

Democrats , neocon, and biden administration have put the hyper drive on ReRe levels never seen before. I hope the ship can hold itself together for a little longer but I think more speed increase are coming.

a reply to: neo96

I don't think you know what the great reset actually means... if anything it doesn't involve large asset management company's like vanguard it calls for keeping those giants in check because they're for profits and shareholders only.

The wef is mainly focused on stakeholder capitalism, bot shareholder.

Unless, you can explain to me another side of the story.

Also, do you think the pandemic did not have anything to do with the current state of the world right now?

a reply to: strongfp

I don't think you know what the great reset actually means... if anything it doesn't involve large asset management company's like vanguard it calls for keeping those giants in check because they're for profits and shareholders only.

There is only one effing Giant.

The Vanguard Group is a private company. They answer to no one.

The wef is mainly focused on stakeholder capitalism, bot shareholder.

No it isn't.

It's supposedly made up of 1000 companies. That the Vanguard Group/BLackRock own the majority shares of.

Just like they own the majority shares of Exxon, and here's how deep the Bull # gets.

Engine number 1 owns less than .02 % of XOM stock and gets seats on the board of directors ?

No way in hell unless some real snip went down.

Also, do you think the pandemic did not have anything to do with the current state of the world right now?

You mean the plandemic.

Designed to kill the dollar-oil and transfer power to the east.

a reply to: jidnum

Prez Bid-et? Buffoon. Both him n Howdy. Make no mistake of my opinion.

Bid-et, Howdy, Rama-Lama-O-Bama, and George W....who shot Cheney with a shotgun...incredible historical potential to give all these Nimrods.

Please. Don't hold these guys on a pedestal... especially since they've knocked ours our from under us all....

The tiny firm wouldn’t have had a chance were it not for an unusual twist: the support of some of Exxon’s biggest institutional investors. BlackRock, Vanguard and State Street voted against Exxon’s leadership and gave Engine No. 1 powerful support. These huge investment companies rarely side with activists on such issues.

Team Left Owns Gas prices.

They Also own Food Prices.

Tyson

Hormel

Conagra

General Mills.

There's Vanguard, and Blackrock laughing all the way to the bank in spite of record inflation their puppet caused.

Ever wonder why a John Deere combine costs upwards of $1,000,000 ?

Ask BlackRock and Vanguard.

Every wonder why construction equipment costs so much ?

Ask BlackRock & Vanguard.

Ever Wonder why Lumber prices were priced gouged ?

Ask BlackRock and Vanguard.

a reply to: watchitburn


I agree with you about the shipping/logistical problems being worse than what is being reported.

I also believe we ARE in a recession, when people have to use cc to pay bills you can expect an avalanche of defaults and bankruptcies.

I work with the public and from what I’m hearing even the well off are now bringing their lunch to work, no more eating out, cancelled vacations.

A lot of angry people out there.

So my question is: If the current administration was so worried about small business’ going under and the collapse of the economy during Covid, why now is it being ignored?

I laughed out loud when World News Tonight analysts stated we might be headed toward a recession 🤣. Hello, we are here, and the correct word is Depression.

How’s those billions of dollars going to Ukraine working out for us? 🤡. How much baby formula would that have bought?

Is Ukraine winning?

I feel that each new day is a blessing the way this is going!

Wonder how things are going to be with the next gof virus 🦠.

God Bless us All!

a reply to: neo96

www.weforum.org...

Larry fink is a member and top contributer to the wef. No one owns the wef outside shwab and his employees.

originally posted by: mysterioustranger
a reply to: jidnum

Prez Bid-et? Buffoon. Both him n Howdy. Make no mistake of my opinion.

Bid-et, Howdy, Rama-Lama-O-Bama, and George W....who shot Cheney with a shotgun...incredible historical potential to give all these Nimrods.

Please, G. Don't hold these guys on a pedestal... especially since they've knocked ours our from under us all....

Not sure how my post displayed any sort of pedestal placing. I don't trust any of these people including Trump. I don't trust the big club we are not in, I just find it funny how people will call Trump every name in the book but when it comes to Biden they will call him by name. Why not just use real names instead of childish schoolyard name calling?

a reply to: strongfp

Yeah Right.

The World Economic Forum (WEF) is an international non-governmental and lobbying organisation[1] based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas".[2]

It's ENTIRE EXISTENCE is to make those 1000 companies richer.

Thats effing it.