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Inflation still white hot

Seriously, what disappoints me is he was supposed to be the “great unifier” but has been anything but. He has been worse than any President in my lifetime
So was Obama supposed to be “the great unifier”, but he helped set the country on this horribly polarized course we’re currently on. Trump didn’t help either.

Truthfully, it seemed to really start with Bill Clinton and outside of about 6 months after 9/11 with GW Bush, things have gotten increasingly polarized over time.
 
Seriously, what disappoints me is he was supposed to be the “great unifier” but has been anything but. He has been worse than any President in my lifetime
Lol, the guy who has proudly proclaimed he would vote for Trump again suddenly cares about unity. Spare me your faux lamentation bullshit, BSIT. You’re still ride or die with the party of “owning the libs” and “ fukk your feelings”. You don’t give a shit about unity. Full stop, you 🤡
 
Come on, Bob. Policies do matter and Biden’s energy policies have been awful for this economy, at least in the last year. I don’t know how you can possibly deny that. His energy policies have had an enormous impact on the inflation we’re seeing right now.
C’mon what?! What policies? The pipeline? Biden’s radical move to green energy…….that hasn’t happened yet?
You people keep making this
statement while never giving examples that actually support your position.
Gas prices have had an enormous effect on inflation, not his policies.

What Biden energy policies have brought the price of crude oil down in the last couple months? If his policies raised the price then they must have lowered them too. Or does this just work in obe

Or could it be that the president has little to no effect on the price of crude oil?
Supply, demand, economic forecasts, speculation, capacity, economic trends, geopolitics, wars. …….worldwide. Those set the price of crude oil and gas. Not the president of a country.
 
RE President reduce gas prices. That’s not what Biden told us. Are you saying he lied?

I thought Biden said inflation under control…oops, that August CPI said differently. Did Biden lie again?

🤥🤥🤥. President Pinocchio

I’m waiting for this to be Putin’s fault again.

19 months as President and he has accomplished basically nothing. I guess he got the vaccine distributed…yay, rah. Beyond that, he likely implemented policies that made inflation worse and let people stay on unemployment too long, further exacerbating the supply chain issue.

Every time he celebrates an “accomplishment” (like ending COVID or ending inflation) it only takes 30-60 days to find out that really didn’t happen.

But hey, let’s host a James Taylor concert and celebrate anyway.
Biden said he could reduce gas prices? When did he say that?
It’s obvious from your constant comments that you desperately want to paint Biden as a liar to try and make trump’s lies seem normal. Keep trying.
A politician claiming a policy is going to have a future result that doesn’t come about isn’t lying. It’s politics as usual. You know, like Mexico is going to pay for the wall. Although in that case, there wasn’t a chance is was going to happen.
Trumps lies started with the largest inauguration ever and ended with the election was rigged……..and thousands of others in between.
Biden has had many accomplishments……..and failures. But you’re only interested in one of those.
 
Biden said he could reduce gas prices? When did he say that?
It’s obvious from your constant comments that you desperately want to paint Biden as a liar to try and make trump’s lies seem normal. Keep trying.
A politician claiming a policy is going to have a future result that doesn’t come about isn’t lying. It’s politics as usual. You know, like Mexico is going to pay for the wall. Although in that case, there wasn’t a chance is was going to happen.
Trumps lies started with the largest inauguration ever and ended with the election was rigged……..and thousands of others in between.
Biden has had many accomplishments……..and failures. But you’re only interested in one of those.
You mean like the Inflation Reduction Act is going to reduce inflation or throwing around billions doesn't lead to inflation?
 
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It’s funny that you’ve done an about-face on what the president controls or doesn’t control regardless of the subject. Seems like everything and I mean everything was Trump’s fault and hardly anything is Biden’s fault.
What have said was trumps fault that he didn’t have control over? Did I blame him for covid? No……. but you wouldn’t know that because all you do is make these general BS accusations without any facts. Give some examples or stfu.

How is it that a guy who didn’t vote for trump defends him at every turn?
 
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Biden said he could reduce gas prices? When did he say that?
It’s obvious from your constant comments that you desperately want to paint Biden as a liar to try and make trump’s lies seem normal. Keep trying.
A politician claiming a policy is going to have a future result that doesn’t come about isn’t lying. It’s politics as usual. You know, like Mexico is going to pay for the wall. Although in that case, there wasn’t a chance is was going to happen.
Trumps lies started with the largest inauguration ever and ended with the election was rigged……..and thousands of others in between.
Biden has had many accomplishments……..and failures. But you’re only interested in one of those.
from his press Secretary…

And @USTreasury estimates that @POTUS’s actions have kept prices down by up to 40 cents a gallon. The President is committed to providing relief to Americans at the pump – and he’s delivering.




Is that enough evidence for you?

You called Trump a liar for the same statements. So when Trump exaggerated…it was a lie. When Biden does it…it’s politics. 🤪🤪

🤡🤡🤡🤡
 
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Biden said he could reduce gas prices? When did he say that?
It’s obvious from your constant comments that you desperately want to paint Biden as a liar to try and make trump’s lies seem normal. Keep trying.
A politician claiming a policy is going to have a future result that doesn’t come about isn’t lying. It’s politics as usual. You know, like Mexico is going to pay for the wall. Although in that case, there wasn’t a chance is was going to happen.
Trumps lies started with the largest inauguration ever and ended with the election was rigged……..and thousands of others in between.
Biden has had many accomplishments……..and failures. But you’re only interested in one of those.
More


more dated statement by Biden taking credit for lowering gas prices



The White House also continued to highlight that gas prices RB00 have been pulling back from their highs, saying: “Gasoline prices have fallen for six straight weeks, and are nearly 70 cents below where they were last month.”

See:
Why are gas prices going down? Drivers begin to see some relief at the pump
In addition, a senior Biden administration official on Tuesday told reporters that a new proposed rule, if finalized, would allow the Department of Energy to enter forward contracts to purchase oil for the U.S. reserve in future years at fixed preset prices.

That means producers should have more certainty about future demand for their product, and that should encourage investment in production today, the official said.




Have you been living under a rock or do you just sit in your chair kneeling to replays of Liz Cheney at the 1/6 hearings?
 
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What have said was trumps fault that he didn’t have control over? Did I blame him for covid? No……. but you wouldn’t know that because all you do is make these general BS accusations without any facts. Give some examples or stfu.

How is it that a guy who didn’t vote for trump defends him at every turn?
I can’t defend Biden for anything so we have that. Is there anything you like that he’s done? Trump I don’t like as a person. Trump lies like the rest of them. They all do so it’s hard to say his lies are worse than Biden’s lies. Biden just told a big lie the Friday after his speech in Philly. Right?
 
I can’t defend Biden for anything so we have that. Is there anything you like that he’s done? Trump I don’t like as a person. Trump lies like the rest of them. They all do so it’s hard to say his lies are worse than Biden’s lies. Biden just told a big lie the Friday after his speech in Philly. Right?
Trump is a blowhard bragger and a bully but his business knowledge and the people advising him knew how to fire the economy up. Biden is a mean, senile jackass that has never worked a day in his life and has enriched himself by using his government position. He, with the guidance of Team Obama, has surrounded himself with a bunch of career politicians and socialists that don't have a clue nor desire to get the country out of the mess they've created.
 
Biden said he could reduce gas prices? When did he say that?
It’s obvious from your constant comments that you desperately want to paint Biden as a liar to try and make trump’s lies seem normal. Keep trying.
A politician claiming a policy is going to have a future result that doesn’t come about isn’t lying. It’s politics as usual. You know, like Mexico is going to pay for the wall. Although in that case, there wasn’t a chance is was going to happen.
Trumps lies started with the largest inauguration ever and ended with the election was rigged……..and thousands of others in between.
Biden has had many accomplishments……..and failures. But you’re only interested in one of those.

Here it is from Bozo’s 🤡mouth




I’m waiting for Biden to say he stopped inflation too.

oohhh, wait for it.

President Joe Biden says that the US economy is on track, while urging congress to pass the Inflation Reduction Act. “Today, we received news that our economy had zero percent inflation in the month of July -- zero percent,” Biden said at the White House. (Source: Bloomberg)


i have to admit it Bob, these videos are better than Liz Cheney at the 1/6 hearings.

Clown.
 
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Trump is a blowhard bragger and a bully but his business knowledge and the people advising him knew how to fire the economy up. Biden is a mean, senile jackass that has never worked a day in his life and has enriched himself by using his government position. He, with the guidance of Team Obama, has surrounded himself with a bunch of career politicians and socialists that don't have a clue nor desire to get the country out of the mess they've created.
You DO realize Trump inherited a very good economy in 2016, and has failed on so many business ventures... Yes? No?
 
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Inflation would be happening not matter what party is in office... too many factors involved world wide. But I guess that is not convenient for you Trump loving MAGAt's.
Do you have anything else better to do than post about politics on a Purdue sports message board?
 
Inflation would be happening not matter what party is in office... too many factors involved world wide. But I guess that is not convenient for you Trump loving MAGAt's.
Biden added 3% inflation with his $1.9T American Rescue (and blow up inflation) Plan.

5% versus Biden’s 8%…pretty big deal
 
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Just give it time…………😏
Yes give it time, the Strategic Petroleum Reserve has been draw down so that pre election trick is used up and soon the gas prices will start to rise again. Plus we don't have the reserve oil in case there's a true emergency.

Of course eventually we need to refill the strategic reserve so we get to send a giant check to people overseas in the middle east that actually want to kill us because someone is trying to destroy our domestic oil industry.

WD
 
You DO realize Trump inherited a very good economy in 2016, and has failed on so many business ventures... Yes? No?
What are you doing on here interjecting worthless opinions on a sports board?
 
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Here it is from Bozo’s 🤡mouth




I’m waiting for Biden to say he stopped inflation too.

oohhh, wait for it.

President Joe Biden says that the US economy is on track, while urging congress to pass the Inflation Reduction Act. “Today, we received news that our economy had zero percent inflation in the month of July -- zero percent,” Biden said at the White House. (Source: Bloomberg)


i have to admit it Bob, these videos are better than Liz Cheney at the 1/6 hearings.

Clown.
@BuilderBob6 …what? No witty retort about how Biden never took credit and never said he lowered gas prices? Yep, 🤡 said it, the 🤡 Press Secretary said…that’s all the 🤡/Circus have been crowing about for the last 8 weeks.

 

Here it is from Bozo’s 🤡mouth




I’m waiting for Biden to say he stopped inflation too.

oohhh, wait for it.

President Joe Biden says that the US economy is on track, while urging congress to pass the Inflation Reduction Act. “Today, we received news that our economy had zero percent inflation in the month of July -- zero percent,” Biden said at the White House. (Source: Bloomberg)


i have to admit it Bob, these videos are better than Liz Cheney at the 1/6 hearings.

Clown.
I got it.
You are correct. I meant to say control gas prices, although he’s essentially saying he is.
I think he’s wrong. He’s taking credit for market forces and other factors.

You want to call it a lie? Yeah, I guess it is. But it’s also a politician doing politician things. Presidents take credit or get blamed for what happens during their admin regardless of whether they were responsible or not. But I guess it matters who is president.

You are one who said his energy policies caused the price increase. Aren’t his policies also responsible for the decline? Or does it not work that way? In your world, him taking credit isn’t a lie.
 
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I got it.
You are correct. I meant to say control gas prices, although he’s essentially saying he is.
I think he’s wrong. He’s taking credit for market forces and other factors.

You want to call it a lie? Yeah, I guess it is. But it’s also a politician doing politician things. Presidents take credit or get blamed for what happens during their admin regardless of whether they were responsible or not. But I guess it matters who is president.

You are one who said his energy policies caused the price increase. Aren’t his policies also responsible for the decline? Or does it not work that way? In your world, him taking credit isn’t a lie.
As we have discussed, I believe there is a portion of gas prices that he can impact but there are many other factors (such as demand, global production) that also impact. Gas prices inherently depend on demand and when inflation is hitting other areas like food, people have to make purchasing decisions and higher food prices likely result in lower gas consumption.

RE Politicians lying. I made similar comments about Trump that some his lies were politics, only to be ridiculed by the liberal board posters. When Biden does it, it certainly seems the liberals have their outrage on silent. And I thought Biden was all about truth and “science”, but what is often found is that the Democrat party plays the same game as Trump and the Republicans.🤔

Im just trying to make sure everyone is “keeping score”
 
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You DO realize Trump inherited a very good economy in 2016, and has failed on so many business ventures... Yes? No?
Most billionaires do fail at several business ventures. But, they're smart enough to recover, move on, and try again.
Don't you know the story about Thomas Edison and the light bulb?

(and no, if Trump were still POTUS, we wouldn't be in the economic $hit storm that Brandon created).
 
I got it.
You are correct. I meant to say control gas prices, although he’s essentially saying he is.
I think he’s wrong. He’s taking credit for market forces and other factors.

You want to call it a lie? Yeah, I guess it is. But it’s also a politician doing politician things. Presidents take credit or get blamed for what happens during their admin regardless of whether they were responsible or not. But I guess it matters who is president.

You are one who said his energy policies caused the price increase. Aren’t his policies also responsible for the decline? Or does it not work that way? In your world, him taking credit isn’t a lie.
Under Trump, gas was around $1.50/gal in some instances. Under Biden, it shot up to over $5 in some instances (I put gas in my boat at a marina 2 weeks ago and it was $6/gal....but that's marina prices, so a normally higher anyways).
But, I'm not sure it's a good look for Biden to be spiking the football for getting gas to under $4/gal.
 
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Inflation would be happening not matter what party is in office... too many factors involved world wide. But I guess that is not convenient for you Trump loving MAGAt's.
I agree to an extent. Biden's policies didn't help. Ending the pipeline, whether you want to believe it or not, had an effect. Oil companies see this sort of thing and pull back investments. Same with how Biden made it harder to use oil leases. Etc.
 
I got it.
You are correct. I meant to say control gas prices, although he’s essentially saying he is.
I think he’s wrong. He’s taking credit for market forces and other factors.

You want to call it a lie? Yeah, I guess it is. But it’s also a politician doing politician things. Presidents take credit or get blamed for what happens during their admin regardless of whether they were responsible or not. But I guess it matters who is president.

You are one who said his energy policies caused the price increase. Aren’t his policies also responsible for the decline? Or does it not work that way? In your world, him taking credit isn’t a lie.
Gee, wouldn't it be nice if you'd give Trump the same courtesy.
 
Under Trump, gas was around $1.50/gal in some instances. Under Biden, it shot up to over $5 in some instances (I put gas in my boat at a marina 2 weeks ago and it was $6/gal....but that's marina prices, so a normally higher anyways).
But, I'm not sure it's a good look for Biden to be spiking the football for getting gas to under $4/gal.
For people who don’t seem to understand……or just don’t care about…….. what affects gas prices, correlation is causation. I might expect that from a working man on hourly wages trying to make his rent payment. But educated people should understand it…….unless politics has become more influential than facts.
 
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Biden added 3% inflation with his $1.9T American Rescue (and blow up inflation) Plan.

5% versus Biden’s 8%…pretty big deal
Biden hasn’t kept up with Trumps initiatives (2.2 trillion + 910 billion), and hasn’t insisted on his name being on checks like the narcissist, but he has time to catch up.

egislationCARES ActCAAARPA
Signed into lawMarch 27, 2020 President Donald TrumpDec. 27, 2020 President Donald TrumpMarch 11, 2021 President Joe Biden
Key Components
Direct payment/EIP$293 billion ($1,200)$166 billion ($600)$402 billion ($1,400)
Unemployment$268 billion ($600)$120 billion ($300)$206 billion ($300)
Small business$377 billion$325 billion$54 billion
Community development$5 billion$12 billion$362 billion
Transportation$71 billion$45 billion$43.2 billion
Vaccine develop/distribute$28 billion$69 billion$93 billion
Schools$31 billion$82 billion$176 billion
Rent assistance$17 billion$25 billion$21.6 billion
Nutrition & Agriculture$25 billion$26 billion$22.7 billion
U.S. Postal Service$10 billion (loan)$10 billion (loan forgiveness)$570 million (paid leave)
Child Care$5 billion$10 billion$40 billion
Broadband$25 billion$7 billion$7 billion plus
Coronavirus Relief Fund$150 billionExtended to 12/31/21
Employee Retention Credit$55 billionExtended to 6/30/21Extended to 12/31/21
Lookback for EITC/CTCCreatedExpanded
Total appropriations$2.2 trillion$910 billion$1.9 trilli
 
Inflation and gas prices are high worldwide and no president would have made a meaningful difference helping either. I think Trump is an incompetent and treasonous narcissist but defended him when some of my friends blamed him for the economy and stock market dive when covid took hold. Any and all presidents would have had the economy and market crater when covid began.

Higher gas prices are a world wide phenomenon. The reduction of fracking isn’t mentioned often but that has definitely impacted our supply and it began to happen under Trump (but it wasn’t Trumps fault). As with many things presidents get glory/blame which is often not earned/deserved. When oil prices cratered the Saudis continued to pump away even though they historically reduce production when prices go down. The Saudis knew they could still profitably pump oil while the frackers would see their margins erode as the frackers faced increasing costs as they had already pumped the easiest to reach supplies. Once again our Saudi “allies“ were playing chess.
 
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For people who don’t seem to understand……or just don’t care about…….. what affects gas prices, correlation is causation. I might expect that from a working man on hourly wages trying to make his rent payment. But educated people should understand it…….unless politics has become more influential than facts.
Maybe one of the most bourgeois, out of touch comments I’ve seen on this board in a while, especially for an…….independent
 
Under Trump, gas was around $1.50/gal in some instances. Under Biden, it shot up to over $5 in some instances (I put gas in my boat at a marina 2 weeks ago and it was $6/gal....but that's marina prices, so a normally higher anyways).
But, I'm not sure it's a good look for Biden to be spiking the football for getting gas to under $4/gal.

Per CNBC this is the average annual price of gas across the US from just before the beginning of the financial crisis through 2021 (2022 will obviously be quite a bit higher). First number is price per gallon that year while the second is that price in today’s dollars (ie accounting for inflation). I think the marketplace, economy, geopolitics (OPEC, war), supply/demand impact prices 100x what the president does. The Carter, Nixon, Ford “whip inflation now” presidencies illustrated the difficulty of the White House trying to control pricing.
  • 2007: $2.85 ($4.05 inflation-adjusted)
  • 2008: $3.32 ($4.52 inflation-adjusted)
  • 2009: $2.40 ($3.27 inflation-adjusted)
  • 2010: $2.84 ($3.77 inflation-adjusted)
  • 2011: $3.58 ($4.67 inflation-adjusted)
  • 2012: $3.70 ($4.69 inflation-adjusted)
  • 2013: $3.58 ($4.47 inflation-adjusted)
  • 2014: $3.43 ($4.22 inflation-adjusted)
  • 2015: $2.51 ($3.09 inflation-adjusted)
  • 2016: $2.20 ($2.67 inflation-adjusted)
  • 2017: $2.47 ($2.92 inflation-adjusted)
  • 2018: $2.79 ($3.24 inflation-adjusted)
  • 2019: $2.70 ($3.08 inflation-adjusted)
  • 2020: $2.24 ($2.50 inflation-adjusted)
  • 2021: $3.13 ($3.44 inflation-adjusted)
 
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Biden hasn’t kept up with Trumps initiatives (2.2 trillion + 910 billion), and hasn’t insisted on his name being on checks like the narcissist, but he has time to catch up.

egislationCARES ActCAAARPA
Signed into lawMarch 27, 2020 President Donald TrumpDec. 27, 2020 President Donald TrumpMarch 11, 2021 President Joe Biden
Key Components
Direct payment/EIP$293 billion ($1,200)$166 billion ($600)$402 billion ($1,400)
Unemployment$268 billion ($600)$120 billion ($300)$206 billion ($300)
Small business$377 billion$325 billion$54 billion
Community development$5 billion$12 billion$362 billion
Transportation$71 billion$45 billion$43.2 billion
Vaccine develop/distribute$28 billion$69 billion$93 billion
Schools$31 billion$82 billion$176 billion
Rent assistance$17 billion$25 billion$21.6 billion
Nutrition & Agriculture$25 billion$26 billion$22.7 billion
U.S. Postal Service$10 billion (loan)$10 billion (loan forgiveness)$570 million (paid leave)
Child Care$5 billion$10 billion$40 billion
Broadband$25 billion$7 billion$7 billion plus
Coronavirus Relief Fund$150 billionExtended to 12/31/21
Employee Retention Credit$55 billionExtended to 6/30/21Extended to 12/31/21
Lookback for EITC/CTCCreatedExpanded
Total appropriations$2.2 trillion$910 billion$1.9 trilli
Trump left over a $1T in the “pandemic coffers” before Biden took office, so your table actually shows that Biden spent more money $910B (money Trump left for Biden) +$1.9T=$2.8T than Trump $2.2T and the pandemic was basically over when Biden took office (remember his speech in July of 2021)? So nice try.

Also, why would a President need $1.9T if the pandemic was over? 🤔
 
For people who don’t seem to understand……or just don’t care about…….. what affects gas prices, correlation is causation. I might expect that from a working man on hourly wages trying to make his rent payment. But educated people should understand it…….unless politics has become more influential than facts.
Do you believe that if Trump were still POTUS, that we would be in the exact same situation as far as inflation and gas prices?
 
For people who don’t seem to understand……or just don’t care about…….. what affects gas prices, correlation is causation. I might expect that from a working man on hourly wages trying to make his rent payment. But educated people should understand it…….unless politics has become more influential than facts.
How much did Biden and Democrats contribute to inflation by letting blue state workers sit at home and collect unemployment. There have been 10MM job openings for a year. Biden announced he defeated COVID last July, yet unemployment benefits continue until last September. Also, Newsom has choke unloading of freight at Long Beach for 18 months with his trucking restrictions…but Democrats aren’t to blame for inflation.

Democrats have done nothing to control inflation. Nothing. (Other than not letting Biden spend his extra $3.1T on Build Back Better, which would have put a blow torch to the economy)
 
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In case the liberals missed this earlier this week.



President 🤡 promoting his bill that’s called Inflation Reduction….that actually doesn’t reduce inflation.

Tell us Joe, what happens to the price of goods when railroad workers get a 24% increase in pay…well the cost of goods goes up. And the same thing is going to happen across every industry over the next year….which will cause the price of goods to continue to go up. (But hey, maybe the supply chain choke that has been in place for 18 months will finally come to an end in about 12-18 months)

Biden has no plan to counter inflation. But he’ll take credit for stopping it, if and when it happens.🤪🤪


Hopefully everyone else gets a 15%-24% raise next year. That’s what Biden’s policies have led to.

Hopefully everyone on Social Security gets their 10% raise (I know that’s 🤪…🤣). And if the elderly don’t get their SS raise, maybe Joe will hand out $10,000 dollars checks for the elderly college bailout (or school of hard knocks bailout) and $20,000 if you make less than $70,000. That should help close the gap from Biden’s inflation policies.

But hey, everyone’s making $15/hr now…🤦‍♂️

🤡
 
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