The Official Biden is Doing Awesome Thread

[Dick Jones]

https://twitter.com/bennyjohnson/status/1538256353080262669?t
This is a troll post.

[daboom1]

https://i.ibb.co/v4k3Fps/Screenshot-20220619-153617-Opera.jpg


:tu

[daboom1]

https://twitter.com/TimRunsHisMouth/status/1538396051522084864?t

[koriwhat]

https://twitter.com/TimRunsHisMouth/status/1538396051522084864?t

I wonder if Biden's daughter wrote about how great of a father he is... What's in that diary of hers again? Showers? What?

[daboom1]

I wonder if Biden's daughter wrote about how great of a father he is... What's in that diary of hers again? Showers? What?

Dude can you imagine if Ivanka wrote that shit? It would be top news EVERY DAY.

[koriwhat]

Dude can you imagine if Ivanka wrote that shit? It would be top news EVERY DAY.

It would've most def been the news of the day, week, month, year, decade.... No doubt about it.

[ducks]

Texas woman pleads guilty on 26 counts of voter fraud over alleged vote harvesting operation

[daboom1]

https://i.ibb.co/rfF1RB0/20220619-175839.jpg

[ElNono]

https://i.ibb.co/rfF1RB0/20220619-175839.jpg

:tu

[ElNono]

https://twitter.com/TimRunsHisMouth/status/1538396051522084864?t

He's your daddy too :tu

[Blake]

We'll be impeaching biden soon,,,dont you worry,,,,,

Rofl for what?

[GAustex]

Rofl for what?

A fucking dumbass is enough

[daboom1]

https://i.ibb.co/fDcB0d8/FVns8uc-Vs-AE6w-Lh.jpg

[SnakeBoy]

https://i.ibb.co/rfF1RB0/20220619-175839.jpg

Bootstraps good now

Today's libs smh

[Blake]

Probably not as often as you democrats wake up angry at biden for being a complete failure and making you democrats look like idiots for voting for him,,,,

Nope

[Blake]

https://i.ibb.co/fDcB0d8/FVns8uc-Vs-AE6w-Lh.jpg

The right truly sucks at memes

[Blake]

A fucking dumbass is enough

Lol still sour because Trump lost

[HemisfairArena]

Nope

yep

[pgardn]

Joe needs to spend most of his free time on a golf cart with giant shocks like his predecessor.
Much safer and allows for the transport of 1/4 ton of orange flesh.

[HemisfairArena]

Joe needs to spend most of his free time on a golf cart with giant shocks like his predecessor.
Much safer and allows for the transport of 1/4 ton of orange flesh.


Whatever it takes to get back to his predecessors inflation rate, gas prices, international peace,,,,then by all means get brandon on a golf cart,,,,

[Blake]

yep

Makes no sense. But you do you.

[hater]

:lmao

https://twitter.com/ampol_moment/status/1538619678809116673

[daboom1]

:lmao

https://twitter.com/ampol_moment/status/1538619678809116673

Good Lord.

[daboom1]

RqGsBFVrVjQ

[Thread]

https://i.ibb.co/rfF1RB0/20220619-175839.jpg

...or, shy away from the children, scan the watch. I want you all to look at this fuckin' animal. This piece of shit...

https://i2.wp.com/www.bostonherald.com/wp-content/uploads/2021/08/GettyImages-1234946450.jpg?fit=620%2C9999px&ssl=1

[daboom1]

...or, shy away from the children, scan the watch. I want you all to look at this fuckin' animal. This piece of shit...

https://i2.wp.com/www.bostonherald.com/wp-content/uploads/2021/08/GettyImages-1234946450.jpg?fit=620%2C9999px&ssl=1

GD right and we never forget.

[GAustex]

:lmao

https://twitter.com/ampol_moment/status/1538619678809116673

What a fucking dumass

[SnakeBoy]

Biden said he is considering a pause on the federal gas tax, which some lawmakers in his party have pushed as a way to reduce prices at the pump for Americans.

"Well, I hope I have a decision based on the data I'm looking for ... by the end of the week," Biden said Monday on vacation in Rehoboth Beach, Delaware.

The gas tax adds 18.4 cents total per gallon of gasoline – 18.3 cents in excise tax plus 0.1 cent in a storage fee. For diesel, it is 24.3 cents plus the 0.1 cent fee. The national average price for a gallon was $4.981 on Monday, according to AAA.

[spurraider21]

:lmao

https://twitter.com/ampol_moment/status/1538619678809116673
he stuttered as usual. in context (at 15:26):


https://youtu.be/mqNtQ6c_HAU?t=926

[daboom1]

:crymuh stutter:cry

[spurraider21]

:crymuh stutter:cry
im not the one who keeps posting clips of him stuttering and making a big deal of them

[Thread]

Biden said he is considering a pause on the federal gas tax, which some lawmakers in his party have pushed as a way to reduce prices at the pump for Americans.

"Well, I hope I have a decision based on the data I'm looking for ... by the end of the week," Biden said Monday on vacation in Rehoboth Beach, Delaware.

The gas tax adds 18.4 cents total per gallon of gasoline – 18.3 cents in excise tax plus 0.1 cent in a storage fee. For diesel, it is 24.3 cents plus the 0.1 cent fee. The national average price for a gallon was $4.981 on Monday, according to AAA.


But he hasn't got the power. It will have to go thru Congress.

[ChumpDumper]

:crymuh stutter:cry


im not the one who keeps posting clips of him stuttering and making a big deal of them

BDS is real.

[Winehole23]

Why is Larry Summers credible?

The evidence we're in a wage-price spiral is iffy at best.

1539037196652519425

[spurraider21]

Why is Larry Summers credible?

The evidence we're in a wage-price spiral is iffy at best.

1539037196652519425
most economists will agree that unemployment around 4-5% is optimal. unemployment at 0 sounds great but is completely impractical as it leaves no ability for companies to hire/expand. you need some job fluidity. the actual number is still contested (can look into NAIRU or read into it... some now think the 5% estimate is too high)

the more concerning part would be his suggestion that "we need two years of 7.5%" etc.

[daboom1]

https://twitter.com/kimguilfoyle/status/1539061959185903616?t

[Winehole23]

most economists will agree that unemployment around 4-5% is optimal. unemployment at 0 sounds great but is completely impractical as it leaves no ability for companies to hire/expand. you need some job fluidity. the actual number is still contested (can look into NAIRU or read into it... some now think the 5% estimate is too high)

the more concerning part would be his suggestion that "we need two years of 7.5%" etc.4% was theoretical full employment when I was in college, current u-3 is 3.6%. U-6 is 7.1%

the background assumption that the problem is an overheated economy doesn't jibe with falling GDP, falling real wages and gaps on retail shelves. but even if we were to grant that the problem is purely demand and greedy workers, solving it on the backs of workers isn't the only possible solution, raising taxes never gets mentioned.

I found this reply to Summers persuasive. The whole piece is long and fairly wonky, but written clearly enough for non-technical readers like myself to understand.


In Section 6of the Working Paper, I identify various reasons why the evidentiary base of Domash and Summers’ (2022a) claim is not robust enough to substantiate their claim that the US is experiencing a wage-price spiral. A key point is that Domash and Summers assume that higher inflation is pushing up nominal wage growth. However, their own regression results show that inflation indexation is far from perfect: in 14 out of 21 regressions, the coefficient of lagged inflation on nominal wage growth in the US is notstatistically significant. This means that in two-thirds of their regressions, higher prices are found to reduce real wage one-for-one. In the remaining 7 regressions, the coefficient of lagged inflation on nominal wage growth takes an average value of 0.35. Hence, even when US labor markets are extremely tight, US workers are unable to protect their real wages—as their nominal wages grow only one-third as fast as the general price level. Higher inflation is extremely costly to workers, therefore. To single out higher nominal wages as a main causeof the increase in US inflation is not just incorrect, because wage growth barely manages to partially follow(not leading) inflation, but it is quite a stark example of blaming the victim.


Finally, I estimate a more complete econometric model which also includes supply-side constraints (in addition to the vacancy ratio). The estimation results suggest that, on average, 20.5% of (rising) PCE inflation can be attributed to the (rising) vacancy ratio (as a proxy of labor market tightness). However, global commodity prices and capacity utilization play more prominent roles and account for 67% and 35% of PCE inflation. Hence, labor market tightness does contribute to US inflation indeed, but supply-side constraints play a more important role. Besides, the labor market tightness itself is caused by the fact that labor demand has recovered more quickly than the effective labor force (as I discuss below).
https://www.ineteconomics.org/perspectives/blog/inflation-in-a-time-of-corona-and-war

[Winehole23]

Market power in consolidated sectors is real.


US inflation is also being driven by the pricing power and higher profits of corporations—a claim that Lawrence Summers rejected on Twitter as a form of ‘science denial’. But there is more than just anecdotal evidence that corporations with pricing power are using the current inflationary environment as a pretext to raise prices more than necessary because they do not have competitors to drive them to keep prices down. For instance, Fed economists Amiti et al. (2021) highlight the importance of (what they call) the strategic complementarity channel, which captures how much US firms adjust their prices in response to changes in the prices charged by their foreign competitors. To illustrate, if the price of imported cars increases, domestic car producers can also increase their prices. The strategic complementarity channel has been estimated to account for circa 30 percent of the effect of higher import prices on US inflation (Amiti et al. 2021).


The strategic complementarity channel does help to explain the profiteering by large US corporations which have been able to raise their profit margins to the highest level in 70 years. Nominal growth of corporate profits (by 35%) during 2021 has vastly outstripped nominal increases in the compensation of employees (10%) as well as the PCE inflation rate (6.1%). Using inflation as an excuse and helped by algorithmic pricing and AI, mega-corporations are choosing to raise prices to increase their profit margins – and they hold enough market power to do so without fear of losing customers to other competitors.

[Winehole23]

Corporate profiteering is contributing to the inflation problem. According to The Wall Street Journal, nearly two out of three (https://www.google.com/amp/s/www.wsj.com/amp/articles/inflation-yellen-biden-price-increase-cost-shipping-supply-chain-labor-shortage-pandemic-11636934826) of the biggest US publicly traded companies had larger profit margins this year than they did in 2019, prior to the pandemic (Broughton and Francis 2021). Nearly 100 of these corporations did report profits in 2021 that are 50 percent above profit margins from 2019. Evidence from corporate earnings calls shows that CEOs are boasting about their “pricing power,” meaning the ability to raise prices without losing customers (Groundwork Collaborative 2022 (https://groundworkcollaborative.org/wp-content/uploads/2022/02/22.02.07-THE-REAL-CULPRIT-BEHIND-RISING-PRICES-CORPORATE-GREED-1.pdf); Perkins 2022 (https://www.theguardian.com/business/2022/apr/27/inflation-corporate-america-increased-prices-profits?utm_term=6269293bdbd7fd143187b774a9de98c4&utm_campaign=GuardianTodayUS&utm_source=esp&utm_medium=Email&CMP=GTUS_email)). Even the Chair of the Federal Reserve, Jerome Powell (https://twitter.com/SenWarren/status/1480968784299110402), has weighed in on this issue, stating that large corporations with near-monopolistic market power are “raising prices because they can.”

[Winehole23]

Essentially, Summers and the wise mandarins who agree with him are saying that the most prudent course of action is to drive the economy over a cliff on purpose.

When the economy needs to be stimulated, we make the rich richer, and when we need to slow it down, we make the poor poorer. Seems not sustainable in the long run.

[spurraider21]

Essentially, Summers and the wise mandarins who agree with him are saying that the most prudent course of action is to drive the economy over a cliff on purpose.

When the economy needs to be stimulated, we make the rich richer, and when we need to slow it down, we make the poor poorer. Seems not sustainable in the long run.
Last time the economy needed stimulation we gave stimulus checks and much increased UI

[Winehole23]

Last time the economy needed stimulation we gave stimulus checks and much increased UIA very unusual instance, good thing, too. But that wasn't the Fed doing macro, which was what we were discussing. It was the US Congress keeping peoples lives from falling apart.

The PPP dwarfed stimulus checks and UI assistance 4-1 iirc, but you hear hardly anyone complaining about the inflationary effects of giving rich people money hand over fist, or of the Fed accelerating QE, or buying corporate bonds. Greedy, undeserving poor people are always to blame.

[daboom1]

https://twitter.com/KariLake/status/1539114264874700801?t

[spurraider21]

A very unusual instance, good thing, too. But that wasn't the Fed doing macro, which was what we were discussing. It was the US Congress keeping peoples lives from falling apart.

The PPP dwarfed stimulus checks and UI assistance 4-1 iirc, but you hear hardly anyone complaining about the inflationary effects of giving rich people money hand over fist, or of the Fed accelerating QE, or buying corporate bonds. Greedy, undeserving poor people are always to blame.
Where you getting those numbers from? From what i can see PPP was 800b. 3 stimulus checks totaled about 800b and unemployment benefits totaled 795b

[ElNono]

https://twitter.com/KariLake/status/1539114264874700801?t

China is the greatest trade partner the US ever had :tu

[Winehole23]

Where you getting those numbers from? From what i can see PPP was 800b. 3 stimulus checks totaled about 800b and unemployment benefits totaled 795b my fuzzy memory cedes to your cite, but my broader point might still stand, UI and stimulus checks are routinely blamed for inflation, PPP generally isn't mentioned

[Winehole23]

(Disappointing that you seem to prefer nitpicking me to addressing policies and arguments)

[spurraider21]

Lol nitpicking. It’s your central point. In tough times we bailout the rich. No. Majority of pandemic relief was directly provided to workers. Even PPP was only forgiven to the extent the funds went to pay workers.

I’ve already said it’s ghoulish to suggest that getting unemployment north of 5 or 7 or 10 for extended periods of time.

I’m generally in favor of increasing taxes on the wealthy but i don’t see that as being anti inflationary for much outside of housing. Groceries aren’t getting expensive because richie rich is using his wealth to buy tons of cabbage and avocados

[Thread]

...or, shy away from the children, scan the watch. I want you all to look at this fuckin' animal. This piece of shit...

https://i2.wp.com/www.bostonherald.com/wp-content/uploads/2021/08/GettyImages-1234946450.jpg?fit=620%2C9999px&ssl=1

[Winehole23]

Lol nitpicking. It’s your central point. In tough times we bailout the rich. No. Majority of pandemic relief was directly provided to workers. Even PPP was only forgiven to the extent the funds went to pay workers.

I’ve already said it’s ghoulish to suggest that getting unemployment north of 5 or 7 or 10 for extended periods of time.

I’m generally in favor of increasing taxes on the wealthy but i don’t see that as being anti inflationary for much outside of housing. Groceries aren’t getting expensive because richie rich is using his wealth to buy tons of cabbage and avocadosNow you're just free associating, I suggested nothing of the sort, I mentioned (pandemic and war related) supply chain problems as well as market power and greed related to price hikes, even cited support for it. Besides, It's the Fed's dual mandate -- not Congress's -- to keep a lid on inflation while promoting full employment, hardly seems impertinent to point out it takes one of those mandates much more seriously than the other.

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/05/918/516/Wheel-of-Misfortune-4.18.22.png?ve=1&tl=1

[Thread]

Pence called Biden everything but a white man. ha, ha!!!

[Ef-man]

TBH, Summers is full of himself and wants to remain relevant. Plus, he is a first class bullshitter. I have heard him painfully stretch two sentences into a 15 minute speech because he was unprepared and yes, he sounded like a retard.

Here’s why Larry Summers wants 10 million people to lose their job.

Former U.S. Treasury Secretary Larry Summers says there needs to be a surge in unemployment to curb inflation, which Federal Reserve policymakers say doesn’t need to happen for price growth to cool off.

According to Bloomberg News, Summers said in a speech on Monday from London there needs to be a lasting period of an unemployment rise to contain inflation — either, a one year spike to 10%, two years of 7.5% unemployment, or five years of 6% unemployment.

https://www.msn.com/en-us/money/markets/here-e2-80-99s-why-larry-summers-wants-10-million-people-to-lose-their-job (https://www.msn.com/en-us/money/markets/here-e2-80-99s-why-larry-summers-wants-10-million-people-to-lose-their-job/ar-AAYH3JJ)

[Winehole23]

For the knock on to fifty solid years of wage contraction to be five years of Fed enforced austerity because the tide briefly turned -- and didn't even keep up with inflation, real wages are falling right now -- is cruel and perverse.

[daboom1]

https://i.ibb.co/BqZWXRX/20220621-101427.jpg

[Blake]

https://twitter.com/kimguilfoyle/status/1539061959185903616?t

https://c.tenor.com/Vg3JPV-K9FAAAAAC/kimberly-guilfoyle-rnc.gif

[spurraider21]

Now you're just free associating, I suggested nothing of the sort, I mentioned (pandemic and war related) supply chain problems as well as market power and greed related to price hikes, even cited support for it. Besides, It's the Fed's dual mandate -- not Congress's -- to keep a lid on inflation while promoting full employment, hardly seems impertinent to point out it takes one of those mandates much more seriously than the other.


4% was theoretical full employment when I was in college, current u-3 is 3.6%. U-6 is 7.1%

the background assumption that the problem is an overheated economy doesn't jibe with falling GDP, falling real wages and gaps on retail shelves. but even if we were to grant that the problem is purely demand and greedy workers, solving it on the backs of workers isn't the only possible solution, raising taxes never gets mentioned.

I found this reply to Summers persuasive. The whole piece is long and fairly wonky, but written clearly enough for non-technical readers like myself to understand.

https://www.ineteconomics.org/perspectives/blog/inflation-in-a-time-of-corona-and-war
Lol

[Winehole23]

LolYou got sidetracked on a tangent, tbh

Fine by me if you want to avoid talking about inflation and Fed policy.

(shrugs)

[Winehole23]

You mistook my referent there, what I said nothing about was "richies buying up groceries" as a driver of inflation. I should have been clearer about that, but your hostile gloss is revealing.

[Thread]

https://i.ibb.co/BqZWXRX/20220621-101427.jpg

[spurraider21]

everything is a sidetrack or a tangent.

your complaint was that when we need stimulus we make rich richer and when we have to tighten the belt we make the poor poorer. you complained that nobody has proposed tax hikes as a means of slowing the economy down

when i pointed out that the most recent massive stimulus went disproportionately to the worker, you brushed it off as a tangent. can you demonstrate how tax hikes would curb inflation and help with the CPI? it boils down to a supply/demand issue. taxing the rich isnt going to increase supply, nor is it going to meaningfully decrease demand.

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-062122-copy.jpg?ve=1&tl=1

[Winehole23]

[url]1539286182286311424

[Thread]

[url]1539286182286311424

Boiled down:::

President Trump: $2.29 a gallon.
MF Biden: $5.00 a gallon.

[Winehole23]

everything is a sidetrack or a tangent.

your complaint was that when we need stimulus we make rich richer and when we have to tighten the belt we make the poor poorer. you complained that nobody has proposed tax hikes as a means of slowing the economy down

when i pointed out that the most recent massive stimulus went disproportionately to the worker, you brushed it off as a tangent. can you demonstrate how tax hikes would curb inflation and help with the CPI? it boils down to a supply/demand issue. taxing the rich isnt going to increase supply, nor is it going to meaningfully decrease demand.Not sure I agree with you, but it doesn't matter. The words "even if that were true" set off a counterfactual (imho) aside unrelated to Larry Summers, Fed policy and unemployment. Pretending the convo started and ended there is chickenshit.

[ElNono]

https://i.ibb.co/BqZWXRX/20220621-101427.jpg

^^^ the right can't meme

[Blake]

^^^ the right can't meme

Even when they lie in the meme they still can't do it right

[Thread]

https://i.ibb.co/BqZWXRX/20220621-101427.jpg


Even when they lie in the meme they still can't do it right

Looks mighty good to me, Blake.

[daboom1]

Looks mighty good to me, Blake.

Maybe he will explain to us how it's not good instead of vague assertions.

[ElNono]

Maybe he will explain to us how it's not good instead of vague assertions.

:lol explain what, Qhris? What's your conspiracy here?

[daboom1]

https://twitter.com/greg_price11/status/1539339014808928256?t

[spurraider21]

https://twitter.com/greg_price11/status/1539339014808928256?t
:tu good to be prepared

[daboom1]

^ This is why you are on ignore. You are dishonest, churlish, and not to be taken seriously.

[spurraider21]

^ This is why you are on ignore. You are dishonest, churlish, and not to be taken seriously.
its dishonest to like pandemic preparedness so we dont get caught with our pants down again after the last one killed over a million americans

not all of us are actively cheering for death

[Thread]

its dishonest to like pandemic preparedness so we dont get caught with our pants down again after the last one killed over a million americans

not all of us are actively cheering for death

...you were in there cheerin' & countin' like a pro when it was on Trump's account to 400k. You've been AWOL since Biden commenced to squattin' for his 640k...& counting.

[ElNono]

https://twitter.com/greg_price11/status/1539339014808928256?t

Finally a president that gets it :tu

[Blake]

:lol explain what, Qhris? What's your conspiracy here?

https://media4.giphy.com/media/jq6CA6z7x5QfVXsdxF/giphy.webp?cid=6c09b9529c99728a9bba5f14b3edfa7ec4c fcfa64b8e9ea6&rid=giphy.webp&ct=g:bang

[hater]

https://twitter.com/greg_price11/status/1539339014808928256?t

https://twitter.com/popjump/status/1539359006900121600

[ElNono]

https://twitter.com/popjump/status/1539359006900121600

Incels don't have to worry about having sex, with or without clothes on...

[daboom1]

https://twitter.com/popjump/status/1539359006900121600

Clown World

[daboom1]

GeJ9EOGyV78

[benefactor]

Incels don't have to worry about having sex, with or without clothes on...
:lol

[Thread]

GeJ9EOGyV78

boom!!!

[Proxy]

Good job to Biden and Pelosi for helping NRA cuck, pro-life Cuellar beat Cisneros

[CosmicCowboy]

That bike photo op was priceless. " lets video me riding a bike 20 feet to prove how capable I still am"

Oops. :lmao

[Ef-man]

Biden accepts the knee bend.

Senators unveil text of bipartisan deal on gun violence, setting up speedy vote.

After weeks of negotiation, a bipartisan group of senators released their anti-gun violence bill on Tuesday evening -- setting up a vote in the upper chamber as early as this week.

The four key senators on the deal were Republicans John Cornyn of Texas and Thom Tillis of North Carolina and Democrats Chris Murphy of Connecticut and Kyrsten Sinema of Arizona. The group came together after a mass shooting in Uvalde, Texas, last month killed 19 elementary school students and two teachers.

The bill marks a step forward in advancing that agreement, which was supported by 10 Democrats and 10 Republicans, enough to overcome a filibuster. That framework had outlined plans for a law that would include expanded background checks for those ages 18-21 as well as funding for school safety and mental health programs, funds to incentivize violence prevention programs in states and the closure of the so-called "boyfriend loophole" regarding which convicted domestic abusers can possess firearms.

https://www.msn.com/en-senators-unveil-text-of-bipartisan-deal-on-gun-violence-setting-up-speedy-vote[/B][/U] (https://www.msn.com/en-us/news/politics/senators-unveil-text-of-bipartisan-deal-on-gun-violence-setti[U][B]ng-up-speedy-vote/ar-AAYIu5g?ocid=msedgntp&cvid=e2d37ff28e96431aa61b1013a40a2413)

[CosmicCowboy]

Told you guys that was what was gonna happen.

[Winehole23]

The U.S. economy has a short-term problem and a more enduring long-term problem. The first is high inflation and hence decreasing real wages, which makes it hard to sustain growth in an economy mostly dependent on consumer spending. Second, over the past 50 years we have seen a troubling drop in investment—whether for infrastructure or industrial activity or basic necessities—that has inflated the cost of things like housing and health care while leaving the nation vulnerable to supply crunches caused by the pandemic and Russia’s war on Ukraine.


The decided-upon cure for the short-term problem—rising interest rates from the Federal Reserve—is degrading the long-term problem. What’s more, it’s unlikely to make more than a small dent in rising prices.


Millions of Americans are going to be deliberately thrown out of work because an economic model says (https://twitter.com/IrvingSwisher/status/1538976082849931267) that’s the only way to blunt inflation, while the seed corn of the next generation is eaten and the basic investments we need to sustain a productive economy are put off.


The Fed’s preferred tactic is demand destruction. They want to reduce Americans’ capacity to spend money, bringing it more in line with available supply. Larry Summers said this out loud (https://twitter.com/JStein_WaPo/status/1539012452905627650) the other day, arguing that the nation must increase the unemployment rate to 5 percent for 5 years in order to bring inflation in line. It’s at 3.6 percent now, which roughly speaking means that 2-3 million people must lose their jobs for the foreseeable future, in Summers’ perfect world.
(https://prospect.org/topics/david-dayen/)


The Rube Goldberg-like mechanism for getting this done is that the Fed raises interest rates high enough so it’s costlier for businesses and individuals to borrow. These borrowing costs are rising more rapidly than at any time since the early 1980s (https://twitter.com/DomWh1te/status/1538883344842346500). If it works as intended, that will eventually filter down into less consumer spending, reduced hiring and wages, and lower inflation.


We’re already seeing this work. The housing market’s decline, with home sales now falling (https://www.nar.realtor/newsroom/existing-home-sales-fell-3-4-in-may-median-sales-price-surpasses-400000-for-the-first-time) over the past couple months, is a direct result of mortgage rates rising (https://www.bankrate.com/mortgages/mortgage-rates-surge-6-percent/) over 6 percent, in line with both Fed actions and the expectation of more interest-rate hikes in the future. That amplification—the benchmark interest rate is only at 1.75 percent now, but mortgages are much higher—is replicated to some degree (https://www.employamerica.org/content/images/2022/06/image-25.png) in corporate and Treasury borrowing.


In short, what higher interest rates do is crush investment across the board. As Skanda Amaranth of the research group Employ America explained on Tuesday (https://www.employamerica.org/blog/the-first-dose-of-supply-side-damage-is-here-the-dark-side-of-fed-and-financial-conditions-tightening/), Federal Reserve tightening doesn’t just hit the demand side of the equation, but the supply side as well. And this comes precisely at the time when more investment is desperately needed.


Take the housing market, for example. The mortgage rate shock reduces home sales. But we know from experience that a sagging market will also reduce home completions. After the housing bubble collapsed, we had serious disinvestment (https://fred.stlouisfed.org/series/HOUST) in new housing. Importantly, this lasted for a decade, as homebuilders grew wary of adding units into a sclerotic economy, lest they be unable to sell new homes. This under-building is a major reason rents and home prices have rocketed over the past year, and has made it hard to grow out of the problem, as key inputs like lumber consolidated (https://www.wsj.com/articles/despite-lumber-boom-few-new-sawmills-coming-11621243982) during the depressed years and cut their capacity to the bone.



Though 2022 is expected to be the biggest year for housing completions since 2006, Amaranth points to permits and starts falling (https://www.employamerica.org/blog/the-first-dose-of-supply-side-damage-is-here-the-dark-side-of-fed-and-financial-conditions-tightening/) amid the rougher conditions. We all know that we need more housing in America. But the market’s cyclical nature means that the Fed’s measures to slam housing will make the homebuilding gap worse over the long term.


You can apply this logic to virtually everything that policymakers want. There’s a desire to bring semiconductor manufacturing (https://www.nytimes.com/2022/06/17/us/politics/semiconductors-congress-chips.html) to the U.S., to create good-paying jobs and sustain reliable supplies of computer chips. But as borrowing costs rise, that investment will simply not stretch as far. Congress already passed an infrastructure law to better move goods across the country and increase resiliency to climate-fueled weather events. But that law is now stunted (https://www.politico.com/news/2022/06/17/democrats-shrinking-infrastructure-plan-00039588) because of billowing financing costs. We urgently need to invest in a green transition to prevent the worst ravages of the climate crisis. That just got more expensive too, and companies that might have invested in green energy could be priced out.


When investment is held back, critical infrastructure withers (https://twitter.com/tracyalloway/status/1539022181497294848?cxt=HBwWgMC-2aOh2tsqAAAA&cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email), inventories deplete, institutional memory gets lost, reshoring grows more difficult, and dominant firms build more market power amid lack of investment from rivals. It’s a ghastly scenario, and it’s mostly self-inflicted.
https://prospect.org/the-fed-is-crushing-investment-right-when-we-need-it/

[Winehole23]

Even worse, the Fed’s strategy might not cure the disease. It’s hard to attribute inflation entirely to an economy running hot when there hasn’t been any economic stimulus in 15 months and fiscal policy has now turned sharply negative (https://www.brookings.edu/interactives/hutchins-center-fiscal-impact-measure/). What looks to be the greater problem is a simple shortage in physical capacity (https://www.employamerica.org/researchreports/the-physical-capacity-shortage-view-of-inflation/) to sustain a decent standard of living. The main pockets of inflation right now are in fuel, which is rising because of supply shocks from Ukraine and a bottleneck in refining capacity (https://prospect.org/environment/hidden-driver-of-high-gas-prices/); food, also stunted due to the war; and housing, damaged by a decade of underbuilding. Investment is needed to deal with all of these categories, but thanks to the Fed, investment is now harder to do. Indeed, researchers from the Federal Reserve Bank of San Francisco itself recently concluded (https://www.bloomberg.com/news/articles/2022-06-21/supply-issues-account-for-half-of-us-inflation-rise-study-shows) that problems other than demand account for about two-thirds of current inflation.

[Winehole23]

Crushing demand during a supply crunch might set us up for more of the same whenever the economy rebounds.

1539605830487638017

[Trainwreck2100]

https://twitter.com/greg_price11/status/1539339014808928256?t


If only we funded the pandemic team in China pre Covid, instead of believing that it would just go away

https://twitter.com/popjump/status/1539359006900121600
Everyone bending over backwards because this shit started at a couple gay orgies, is pretty ludicrous.

[Winehole23]

The International Monetary Fund (IMF) estimates the container shipping boom in 2021 accounted for 1.5 percentage points of global price rises this year, or about a quarter of the U.S. inflation rate.


“The impact of shipping costs on inflation is large and widespread, affecting countries around the world,” said Yan Carriere-Swallow, senior economist at the IMF’s Asia and Pacific Department.


While higher food and oil prices in the wake of Russia’s occupation of Ukraine feed through to consumer prices within two months, it can take up to a year to feel the full effects of container shipping costs, Carriere-Swallow said.


What’s more, COVID-19 outbreaks are still disrupting ports in China and while bigshipping firms have ordered a record volume of new, supersize container vessels, most won’t come online until next year or 2024.


“The current still-high freight rates will continue to put pressure on consumer prices well into 2023,”
https://gcaptain.com/old-is-gold-sky-high-cost-of-ageing-ships-sounds-inflation-sos/

[Winehole23]

then again, maybe that's the point


A policy that drops housing starts amid a long-term homebuilding gap is a self-destructive policy. A policy that makes investment costlier when we need infrastructure and energy overhauls is similarly unproductive.

[Thread]

https://i.ibb.co/BqZWXRX/20220621-101427.jpg

[DarrinS]

1538907388555808776


1539630533818343425

[ChumpDumper]

1538907388555808776


1539630533818343425

What do you think is the main cause of inflation, Darrin?

[Thread]

https://nypost.com/wp-content/uploads/sites/2/2020/08/biden.jpg?quality=90&strip=all&w=978


Suck-egg mule.

[Thread]

What do you think is the main cause of inflation, Darrin?

https://nypost.com/wp-content/uploads/sites/2/2020/08/biden.jpg?quality=90&strip=all&w=978


This suck-egg mule.

[Blake]

What do you think is the main cause of inflation, Darrin?

Biden because he's POTUS

But other reasons if Trump was POTUS

This we know

[Thread]

Biden because he's POTUS

But other reasons if Trump was POTUS

This we know

& that only because:::

Trump President.
Not Clinton.

[SnakeBoy]

1539320368866942978

[Thread]

1539320368866942978

The girl is a moron.

[SnakeBoy]

1539630533818343425

[Blake]

1539320368866942978

Where were you when Chunkabee was doing crazy press messages

[SnakeBoy]

The girl is a moron.

Last Wednesday the Fed forecast slow growth and high inflation for as long as Biden is POTUS. Spinning that to "stable and steady growth" is pretty creative tbh.

[CosmicCowboy]

1539320368866942978

She isn't near as good as Red. Wonder how long she will last?

[SnakeBoy]

LOL we are 9 days away from being in an official recession.

Maybe we'll get .1 growth in June and they can say see it's not technically a recession :lol

[SnakeBoy]

President Joe Biden called on Congress on Wednesday to pass a three-month gas tax holiday as Americans face record-high energy prices.

While some economists have long questioned the effectiveness of such a policy, there's another notable skeptic that hits much closer to home for Biden: former President Barack Obama.

When the exact same idea was floated in 2008, Obama torched it as a "gimmick" and argued that politicians who pushed such a policy were really just interested in scoring political points and keeping their jobs.

"Well, let me tell you, this isn't an idea designed to get you through the summer, it's designed to get them through an election," Obama said

[Thread]

President Joe Biden called on Congress on Wednesday to pass a three-month gas tax holiday as Americans face record-high energy prices.

While some economists have long questioned the effectiveness of such a policy, there's another notable skeptic that hits much closer to home for Biden: former President Barack Obama.

When the exact same idea was floated in 2008, Obama torched it as a "gimmick" and argued that politicians who pushed such a policy were really just interested in scoring political points and keeping their jobs.

"Well, let me tell you, this isn't an idea designed to get you through the summer, it's designed to get them through an election," Obama said

Should have just sent us Gasoline Debit Cards, but that woulda been too easy and effective. If he's insistent on this Holiday put it thru the rest of year so we can recoup even a scintilla of the money we've lost because he's trying to beat Putin without ending up out at Dover with the children.

[Thread]

She isn't near as good as Red. Wonder how long she will last?

...as long as she remains black & lesbian.

[daboom1]

She isn't near as good as Red. Wonder how long she will last?

She might get an extra 6 months because she black.

[daboom1]

...as long as she remains black & lesbian.

Exactly.

[daboom1]

Should have just sent us Gasoline Debit Cards, but that woulda been too easy and effective. If he's insistent on this Holiday put it thru the rest of year so we can recoup even a scintilla of the money we've lost because he's trying to beat Putin without ending up out at Dover with the children.

You will get a mail in rebate @4-6 weeks saavy?

[SnakeBoy]

Should have just sent us Gasoline Debit Cards, but that woulda been too easy and effective. If he's insistent on this Holiday put it thru the rest of year so we can recoup even a scintilla of the money we've lost because he's trying to beat Putin without ending up out at Dover with the children.

Hopefully he'll do that too. Anything that helps keeps demand up I'm for :tu

After the midterms they start buying back oil to refill the SPR :lol

[daboom1]

If only we funded the pandemic team in China pre Covid, instead of believing that it would just go away.

Sending more money to China would have solved our problems, got it :tu

[ChumpDumper]

1539630533818343425

What do you say is the primary driver of inflation?

Darrin already ran away from this question.

[SnakeBoy]

What do you say is the primary driver of inflation?


Joe Biden

The Fed just officially forecast high inflation as long as Joe is POTUS last Wednesday

[SnakeBoy]

Joe Biden just called on OPEC+ to produce more oil

https://i.gifer.com/73XT.gif

[daboom1]

Joe Biden just called on OPEC+ to produce more oil

https://i.gifer.com/73XT.gif

Trump won the election.

[DarrinS]

1539674290072834049

[Thread]

1539674290072834049

Yes, you're wrong for trying to war with Putin by proxy because you've not the guts to war with him in person, ya pussy, you>>>"You're shopliftin' the pootie."

[daboom1]

1539674290072834049

Ah, the new talking point.

[ElNono]

1539320368866942978

:tu

[HemisfairArena]

:tu


dumbass,,,,:lmao

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-6.22-22.jpg?ve=1&tl=1

[SpursforSix]

Biden's a doofus. Asking refineries to step up production when they're already at 94%. Asking gas stations to lower their price per gallon. Either he doesn't understand economics or he's just trying to publicly put blame on energy companies. Might as well go after BigAg and BigPharma while we're at it.

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-6.22-22.jpg?ve=1&tl=1

[daboom1]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-6.22-22.jpg?ve=1&tl=1

[daboom1]

zBlWntIiFQY

[Thread]

zBlWntIiFQY



https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[daboom1]

https://twitter.com/realDailyWire/status/1540080532834246656?t

[clambake]

https://twitter.com/realDailyWire/status/1540080532834246656?t

Is this bad?

[clambake]

Maybe you’re afraid of that.

[daboom1]

Is this bad?

Do you know what illegal means?

[clambake]

Do you know what illegal means?

In these times? It means jack shit.

[clambake]

Maybe he’s trying to get real men in Texas.

We witnessed the need for this.

[SnakeBoy]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-6.22-22.jpg?ve=1&tl=1

[Thread]

Is this bad?

https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[clambake]

Maybe he’s trying to get real men in Texas.

We witnessed the need for this.

[Dirks_Finale]

Is this bad?

Does it look like he makes any correct decisions?

https://www.realclearpolitics.com/epolls/other/president-biden-job-approval-7320.html

[clambake]

Does it look like he makes any correct decisions?

https://www.realclearpolitics.com/epolls/other/president-biden-job-approval-7320.html

And that matters since when?

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-6.22-22.jpg?ve=1&tl=1
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[SnakeBoy]

Holy Molly

https://www.realclearpolitics.com/epolls/other/president-biden-job-approval-7320.html

:lmao

[SnakeBoy]

:lmao:lmao:lmao:lmao:lmao

1540093099258482688

[ChumpDumper]

Joe BidenExplain how he drives inflation.

[daboom1]

:lmao:lmao:lmao:lmao:lmao

1540093099258482688

Good Lord.

[koriwhat]

I can't believe people voted for that dumbfuck Biden in the first place. Biden voters are retarded as fuck just like him.

[daboom1]

I can't believe people voted for that dumbfuck Biden in the first place. Biden voters are retarded as fuck just like him.

This is Obama's third term and the election was phony like his tranny wife.

[daboom1]

I can't believe people voted for that dumbfuck Biden in the first place. Biden voters are retarded as fuck just like him.

This is Obama's third term and the election was phony like his tranny wife.

[Thread]

Good Lord.
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[Thread]

This is Obama's third term and the election was phony like his tranny wife.

boom!!!

[SnakeBoy]

https://i.imgur.com/mwtaxtC.png

[daboom1]

https://i.imgur.com/mwtaxtC.png

:lol

He opens everything with "I'm Jill Biden's husband" (get it?)

[ElNono]

https://i.imgur.com/mwtaxtC.png

Good enough to beat Dennison in a landslide :tu

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-6.22-22.jpg?ve=1&tl=1
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[Thread]

https://i.imgur.com/mwtaxtC.png
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[daboom1]

https://i.ibb.co/L66w0kG/20220624-041755.jpg

[Thread]

:lmao:lmao:lmao:lmao:lmao

1540093099258482688
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[CosmicCowboy]

This is pretty funny.

https://www.newsmax.com/newsfront/joe-biden-age-cheat-sheet-instructions/2022/06/24/id/1075918/?ns_mail_uid=5668389e-c5e9-4a27-8a21-f8dcd03a3d73&ns_mail_job=DM347925_06242022&s=acs&dkt_nbr=01010463l4n1

[Thread]

YOU take YOUR seat.
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[TSA]

https://twitter.com/EWErickson/status/1540022463530258432

:rollin

[clambake]

Pizza boy laughing from South Korea. Lol!!!!!

[Thread]

YOU take YOUR seat.
YOU don't pick YOUR nose.
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[SpursforSix]

This is pretty funny.

https://www.newsmax.com/newsfront/joe-biden-age-cheat-sheet-instructions/2022/06/24/id/1075918/?ns_mail_uid=5668389e-c5e9-4a27-8a21-f8dcd03a3d73&ns_mail_job=DM347925_06242022&s=acs&dkt_nbr=01010463l4n1

It's really not funny at all. Turning shit over to 70+ year old men who are both 1) out of touch with reality and 2) obviously in mental decline.
Eight years of this shit. It doesn't make me laugh. Other than as a wtf.

[CosmicCowboy]

It's really not funny at all. Turning shit over to 70+ year old men who are both 1) out of touch with reality and 2) obviously in mental decline.
Eight years of this shit. It doesn't make me laugh. Other than as a wtf.

i know some 70+ year ol guys that are damn sharp. Sadly, Biden isn't one of them.

[SpursforSix]

i know some 70+ year ol guys that are damn sharp. Sadly, Biden isn't one of them.

Sure...I do to. And when you combine that with experience, it's a good mix. Unfortunately Biden (and Trump) seem to have already lost their mental faculties. It's hard for me to fathom that those were the two choices we had.

[daboom1]

YOU take YOUR seat.
YOU don't pick YOUR nose.
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

YOU know the THING.

[Thread]

It's really not funny at all. Turning shit over to 70+ year old men who are both 1) out of touch with reality and 2) obviously in mental decline.
Eight years of this shit. It doesn't make me laugh. Other than as a wtf.


President Trump was in touch with reality enough to lodge 3-THREE-3 ringers on that SC and all 3 have held fast to their word they'd given him in the interview.

It do not get better than that.

[SnakeBoy]

https://i.imgur.com/fZ4xBIE.jpeg

[daboom1]

Ukraine needed the help.

[ElNono]

Ukraine will continue to get all the help they need. Whatever it takes.

[ducks]

Ukraine needed the help.

The USA is a fucking mess

[daboom1]

The USA is a fucking mess

Trump is going to inherit a hornet's nest.

[Thread]

YOU take YOUR seat.
YOU don't pick YOUR nose.
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-062722-copy.jpg?ve=1&tl=1

[daboom1]

https://twitter.com/newsmax/status/1541292749571252225?t

[Thread]

https://twitter.com/newsmax/status/1541292749571252225?t

That left eye always closed is a sign of stroke. Get him into a Depends toot sweet.

[daboom1]

That left eye always closed is a sign of stroke. Get him into a Depends toot sweet.

Pelosi does it also, but it looks more ghastly.

[DMC]

Where were you when Chunkabee was doing crazy press messages

Probably about where you are now, stuck in whataboutism instead of addressing the current point.

[DMC]

YOU take YOUR seat.
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

YOU do not eat a booger on LIVE TV

[ChumpDumper]

https://i.imgur.com/fZ4xBIE.jpeg

Aw, you need help.

Maybe post less and work more.

[SpursforSix]

neither here nor there but it's a funny pic

https://cdn.ebaumsworld.com/mediaFiles/picture/24627/87200593.jpg

[ElNono]

neither here nor there but it's a funny pic

https://cdn.ebaumsworld.com/mediaFiles/picture/24627/87200593.jpg

:lol

[SnakeBoy]

https://nypost.com/wp-content/uploads/sites/2/2022/06/joe-biden-emmanuel-macron-jake-sullivan-g7.jpg?quality=75&strip=all

President Biden’s national security adviser Jake Sullivan on Monday stepped in to interrupt French President Emmanuel Macron as he broke bad news to Biden — with journalists feet away — about attempts to get Arab nations to produce more oil to lower record gas prices.

“Careful. maybe we should just step inside… because of the cameras,” Sullivan said, motioning to journalists covering the G-7 summit in Germany.

It’s unclear if Sullivan was concerned about any particular nugget of news leaking to journalists, but some of Macron’s words were clearly audible.

“I had a call with MBZ,” Macron told Biden, referring to the leader of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan. “He told me two things. I’m at a maximum, maximum [production capacity]. This is what he claims… And then he said [the] Saudis can increase by 150 [thousands barrels per day]. Maybe a little bit more, but they don’t have huge capacities before six months’ time.”


Poor Joe :lol

[ElNono]

^^^ He broke you :lol

[ChumpDumper]

We wouldn't refine any more anyway.

You still need help, Snacks?

Ask your church for gas.

[Winehole23]

Explain how he drives inflation.when the UAE and Saudi Arabia have no headroom and it's the same with the US, what can you do?

US inflation is median globally, so you can't really point to fiscal policy as a driver, ditto bargaining power, real wages are down.

[Winehole23]

*looking in your direction, record profit margins*

[Thread]

https://nypost.com/wp-content/uploads/sites/2/2022/06/joe-biden-emmanuel-macron-jake-sullivan-g7.jpg?quality=75&strip=all

President Biden’s national security adviser Jake Sullivan on Monday stepped in to interrupt French President Emmanuel Macron as he broke bad news to Biden — with journalists feet away — about attempts to get Arab nations to produce more oil to lower record gas prices.

“Careful. maybe we should just step inside… because of the cameras,” Sullivan said, motioning to journalists covering the G-7 summit in Germany.

It’s unclear if Sullivan was concerned about any particular nugget of news leaking to journalists, but some of Macron’s words were clearly audible.

“I had a call with MBZ,” Macron told Biden, referring to the leader of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan. “He told me two things. I’m at a maximum, maximum [production capacity]. This is what he claims… And then he said [the] Saudis can increase by 150 [thousands barrels per day]. Maybe a little bit more, but they don’t have huge capacities before six months’ time.”


https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[Winehole23]

COVID wrecked labor participation and the supply chain, war in Ukraine made the latter worse. The drivers would seem to be mainly nonfiscal.

[Winehole23]

I suppose Biden might be blamed in part for the decade long financial repression/QE/asset inflation initiated by Obama to bail out insolvent US banks during the Great Recession. We're about to get the hangover from by the macroeconomic thumb on the scale in favor of financialization, against productive investment.

[daboom1]

https://twitter.com/charliespiering/status/1541381282902556672?t

[Winehole23]

^^^ beep boop

[Winehole23]

Aw, you need help.

Maybe post less and work more.Seriously doubt that would affect the quality of posts, but maybe the quantity.

[daboom1]

^^^ beep boop

I'm a trendsetter.

I set trends.

[Winehole23]

That's someone else's line, beep boop

[Thread]

https://nypost.com/wp-content/uploads/sites/2/2022/06/joe-biden-emmanuel-macron-jake-sullivan-g7.jpg?quality=75&strip=all

President Biden’s national security adviser Jake Sullivan on Monday stepped in to interrupt French President Emmanuel Macron as he broke bad news to Biden — with journalists feet away — about attempts to get Arab nations to produce more oil to lower record gas prices.

“Careful. maybe we should just step inside… because of the cameras,” Sullivan said, motioning to journalists covering the G-7 summit in Germany.

It’s unclear if Sullivan was concerned about any particular nugget of news leaking to journalists, but some of Macron’s words were clearly audible.

“I had a call with MBZ,” Macron told Biden, referring to the leader of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan. “He told me two things. I’m at a maximum, maximum [production capacity]. This is what he claims… And then he said [the] Saudis can increase by 150 [thousands barrels per day]. Maybe a little bit more, but they don’t have huge capacities before six months’ time.”


https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[daboom1]

https://nypost.com/wp-content/uploads/sites/2/2022/06/joe-biden-emmanuel-macron-jake-sullivan-g7.jpg?quality=75&strip=all

President Biden’s national security adviser Jake Sullivan on Monday stepped in to interrupt French President Emmanuel Macron as he broke bad news to Biden — with journalists feet away — about attempts to get Arab nations to produce more oil to lower record gas prices.

“Careful. maybe we should just step inside… because of the cameras,” Sullivan said, motioning to journalists covering the G-7 summit in Germany.

It’s unclear if Sullivan was concerned about any particular nugget of news leaking to journalists, but some of Macron’s words were clearly audible.

“I had a call with MBZ,” Macron told Biden, referring to the leader of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan. “He told me two things. I’m at a maximum, maximum [production capacity]. This is what he claims… And then he said [the] Saudis can increase by 150 [thousands barrels per day]. Maybe a little bit more, but they don’t have huge capacities before six months’ time.”


https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

Grim business :lol

[ElNono]

^^^ beep boop

[Thread]

https://cdn.ebaumsworld.com/mediaFiles/picture/24627/87200593.jpg
https://d.newsweek.com/en/full/449548/lavrov-putin.jpg

[hater]

:wow this old mummy is not well



:lmao fuck

Macron stops Biden and tri3s to explain Saudi Arabia cannot raise its oil output and situation is dire. Joe just stares out at blank space :lmao. Macron tries to explain again to the old man. Joe looks at his handlers :lmao


Shit we are sooooooooo fucked :lmao


ipz5TpzO8kI

[hater]

:lmao Joe

:lmao

The Ayattollah going in balls deep :lol

https://twitter.com/ejmalrai/status/1541650923524689920

[hater]

https://twitter.com/Brick_Suit/status/1541700718804930561

[daboom1]

https://twitter.com/Brick_Suit/status/1541700718804930561

:lol

[Thread]

:lmao Joe

:lmao

The Ayattollah going in balls deep :lol

https://twitter.com/ejmalrai/status/1541650923524689920

[daboom1]

https://twitter.com/lwoodhouse/status/1541797232982118401?t

[ElNono]

https://twitter.com/lwoodhouse/status/1541797232982118401?t

:tu Brandon

[Thread]

https://twitter.com/lwoodhouse/status/1541797232982118401?t


boom!!!!!!!!!

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-062922.jpg?ve=1&tl=1

[Winehole23]

Radical Republicans have already ended Democracy as we know it, with a big assist from namby-pamby Dems afraid to use power when they have it. Old Joe definitely included.


https://pbs.twimg.com/media/FWbs2-rXgAEI6ra?format=png&name=small

[Thread]

Radical Republicans have already ended Democracy as we know it, with a big assist from namby-pamby Dems afraid to use power when they have it. Old Joe definitely included.


President Trump did that!!!!!!!!!

[SnakeBoy]

Biden jokes he may not return from Spain as approval rating hits all-time low

https://nypost.com/wp-content/uploads/sites/2/2022/06/biden-jokes-spain-approval-rating-08.jpg?quality=75&strip=all&w=1535

[MultiTroll]

https://twitter.com/lwoodhouse/status/1541797232982118401?t
thanks beep boop.

So the Ozark final episodes were based on some truth.

[MultiTroll]

All kinds of electric cars coming out in 2023.

Joe spurring advancement in the face of Orange Blobs attempts to destroy.

[Thread]

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2022/06/918/516/cartoon-062922.jpg?ve=1&tl=1

[DarrinS]

1542207160469360647

[clambake]

Karrin is a Ted Cruz fan:lmao

[DarrinS]

1542204697527869440

[SnakeBoy]

Whitehouse quietly modeling what $200 per barrel may mean for the economy
https://edition.cnn.com/2022/06/26/politics/joe-biden-white-house-economic-problems/index.html

[HemisfairArena]

85% disapprove of loser joes job so far as president,,,,the 15% that do consist of nono, chump sucker, and feminine man and other uneducated losers like them,,,

Most say nation on wrong track, including Dems: AP-NORC poll (msn.com) (https://www.msn.com/en-us/news/politics/most-say-nation-on-wrong-track-including-dems-ap-norc-poll/ar-AAZ0b3F?ocid=msedgntp&cvid=7782246d3402464e9400aeb1cf0942a6)

[HemisfairArena]

“I’m a Democrat so I had to vote Democrat, but that’s going to change,” said the Martin County, North Carolina resident.

[ElNono]

Depends on who's the GOP candidate... if it's not Trump or DeathSantis, I'll probably won't vote in 2024...

[Thread]

https://nypost.com/wp-content/uploads/sites/2/2020/08/biden.jpg?quality=90&strip=all&w=978


Fart-face.

[daboom1]

https://nypost.com/wp-content/uploads/sites/2/2020/08/biden.jpg?quality=90&strip=all&w=978


Fart-face.


https://twitter.com/newsmax/status/1542448368487526400?t

[Dirks_Finale]

Depends on who's the GOP candidate... if it's not Trump or DeathSantis, I'll probably won't vote in 2024...

Come on now, let's keep it a buck. You will vote for Booty-judge or Klobuchar and you will be happy about it. :tu

[Will Hunting]

https://twitter.com/Brick_Suit/status/1541700718804930561
:lmao

[Will Hunting]

Come on now, let's keep it a buck. You will vote for Booty-judge or Klobuchar and you will be happy about it. :tu
I'd be happy with Klob.

Pete Buttplug OTOH is one of those sociopath types who'd run over a litter of puppies with a truck in order to become president.

[Winehole23]

Tough break

1542466762620420097

[Thread]

Tough break

1542466762620420097

A genuine piece of shit!!!

[SnakeBoy]

I'd be happy with Klob.

Pete Buttplug OTOH is one of those sociopath types who'd run over a litter of puppies with a truck in order to become president.

Bro, I was saying the whole time...Elena! She was the best choice out of that 27 person clusterfuck primary the Dems had.

[daboom1]

https://twitter.com/realDailyWire/status/1542561434197958657?t

[Will Hunting]

Bro, I was saying the whole time...Elena! She was the best choice out of that 27 person clusterfuck primary the Dems had.
I've grown to like her but I found her annoying as fuck during the primary.

[Will Hunting]

Tough break

1542466762620420097
The octogenarian Democrats would rather watch this country burn that cede power to the next generation.

[Thread]

The octogenarian Democrats would rather watch this country burn that cede power to the next generation.

Which is a real puzzler, because there is a shit load of young people who hold Leahy's beliefs tight in their minds and hearts, biting at the bit to do precisely what he is doing and has done!!!

[SnakeBoy]

The next generation

1542288527920185344

[ChumpDumper]

:lol Snacks scurred

[ElNono]

Come on now, let's keep it a buck. You will vote for Booty-judge or Klobuchar and you will be happy about it. :tu

:vomit:

would hate to have to cast a vote for them...

[ElNono]

The next generation

1542288527920185344

diversity :tu

[Thread]

https://nypost.com/wp-content/uploads/sites/2/2020/08/biden.jpg?quality=90&strip=all&w=978


Fart-face.

[SnakeBoy]

1542537673700777984

[SnakeBoy]

:vomit:

would hate to have to cast a vote for them...

Maybe you'll get your dream ticket of 85 yr old Bernie with 75 yr old Pocahontas

[koriwhat]

The next generation

1542288527920185344

That dude gives the best head ever.... That dude looks like he has downs with a forehead on his forehead. :lmao

[koriwhat]

Biden ain't dead yet? Bummer... :cry

[Ef-man]

That dude gives the best head ever.... That dude looks like he has downs with a forehead on his forehead. :lmao

Good for you. You coming out on ST will help you with your anger management issues. :tu

[SnakeBoy]

diversity :tu

White males good now

[koriwhat]

Good for you. You coming out on ST will help you with your anger management issues. :tu

Sarcasm and jokes bro... A joke just like you Ef ya big pussy! :tu

[Thread]

JOE BIDEN (https://www.foxnews.com/category/person/joe-biden)
Published June 30, 2022 5:34pm EDT


FLASHBACK: Biden said it's 'dangerous' to 'delegitimize the courts' in 2017.

Biden said recent Supreme Court decisions have been 'destabilizing.'



President Joe Biden characterized the Supreme Court as "destabilizing" Thursday, but previously criticized former President Donald Trump for attacking the courts.Biden remarked in 2017 (https://www.foxnews.com/politics/biden-support-ending-filibuster-protect-abortion-access)that the former president's criticism of "institutional structures that govern us" was "dangerous" during an event in Washington, D.C., The New York Daily News reported at the time. He then urged Trump to take a more "presidential" tone in the future."When you delegitimize the courts, you delegitimize the legislative body, it's corrosive and it makes it almost impossible to reach compromise," Biden said during the 2017 speech. "We're a diverse nation... this democracy, in order to function, you have to remember it requires consensus at the end of the day."

"Without consensus we have chaos and it's not just Joe Biden saying this, it's our Constitution," he continued. "We know the court when it rules has the right to overrule a Congress or a president."

~~~~~~~~~

tee, hee.

[ElNono]

Maybe you'll get your dream ticket of 85 yr old Bernie with 75 yr old Pocahontas

Win-win

[ElNono]

White males good now

I don't see color

[Ef-man]

Sarcasm and jokes bro... A joke just like you Ef ya big pussy! :tu

You were the one fantasying about men and posting about it, not me.

P.S. Jokes and sarcasm were covered in 12th grade so I understand why you would not understand. :tu