Jim Crow Joe

[Herman]

His handlers have gpt Jim Crow Joe crowing that his Bidenomics have defeated forty years of trickle down economics. WTF? Does that include Obama and Clinton too.

[DKG]

The Dems are promoting the IRA which will add $750 billion to the debt and fuel even more deliberate energy inflation. They are promoting the CHIPS act even though all it is is a $52 billion giveaway that ignores small business innovation and still requires chips to be shipped to Asia to be completed. The Infrastructure bill is so loaded with green energy waste it will do little to improve the movement of people.



These false bills are the presidcent's accomplishments? Americans know none of these helps middle America. This is crony capitalism for liberal millionaires and woke corporations. This is why no matter how many times the Dems try to spin everything, the majority of middle class Americans know Biden does not work for their interests.

[Herman]

In a shocking twist that no one saw coming, some of the fiercest defenders of Joe Biden — the corporate press — seem to have finally had enough of the gaffe-filled president.



When Biden was recently asked by a reporter if he was involved in Hunter's business dealings, Biden shouted "No" at the reporter as a smile broke out across his face.

[DKG]

The Biden administration plans to "rig" artificial intelligence systems with "woke" ideology to fight "algorithmic discrimination" and advance "equity."

[Herman]

So they found some nose candy in the White House. ac_toofunny

[Adolf Oliver Bush]

I'm sure it had nothing to do with the smartest guy Joe knows.  

[DKG]

I'm sure it had nothing to do with the smartest guy Joe knows.  

 ac_lmfao

[Lokmar]

Today it was revealed that it is unlikely they will ever find out who the coke belongs to, confirming that it was Hunters. Like we're expected to believe the most secure facility on planet earth doesnt have video of who dropped it let alone the capability to lift prints and DNA from the fukin bag!

[DKG]

Today it was revealed that it is unlikely they will ever find out who the coke belongs to, confirming that it was Hunters. Like we're expected to believe the most secure facility on planet earth doesnt have video of who dropped it let alone the capability to lift prints and DNA from the fukin bag!

What a joke.

[Herman]

Politico's senior media writer, Jack Shafer, wrote a piece in which he contended that President Joe Biden should face a challenging Democratic primary opponent and that if he cannot defeat such a figure, he should not be elevated to compete in the general election.

[Thiel]

Today it was revealed that it is unlikely they will ever find out who the coke belongs to, confirming that it was Hunters. Like we're expected to believe the most secure facility on planet earth doesnt have video of who dropped it let alone the capability to lift prints and DNA from the fukin bag!

There is a lack of media interest in this. There is a shock.

[DKG]

Dems are calling the CHIPS along with the IRA and the infrastructure deal impressive wins for the middle America, but nothing could be further from the truth. The CHIPS act is supposed to be a pillar of Bidenomics, but we shall see once again that trickle down crony capitalism does not work and never has.



Why the CHIPS and Science Act will hurt the U.S. in the end



Joe Biden will sign into law the so-called CHIPS and Science Act on August 9, opening the door for over $50 billion in funds earmarked for developing the U.S. domestic semiconductor industry in the face of ongoing shortages.



I hate to be the bearer of bad news, but this legislation will be a disaster. And there are a number of reasons, some rather straightforward and others that require some logical steps to understand.



The Cato Institute published analysis to offer seven reasons to oppose new semiconductor subsidies in December 2021, since the shortages should self-limit soon. The report estimated that it would be midway through this year, but it's dragging longer as we see, which would mean that any subsidies would be an outright waste.



Additionally, the semiconductor industry is highly cyclical. There's been a supply shortage – because the business cycle was disrupted by the COVID-19 pandemic, and new orders were delayed, causing supply bottlenecks after the economies have resumed back to normal. The chip shortage is a narrow market failure and not a long-term supply chain risk; at least not any more than other industries.



Accordingly, the subsidies could disrupt the delicate cycle that exists in the market, by creating overcapacity. It could lead to increased trade conflicts – becoming a more pronounced risk when other large economies, such as the EU and Republic of Korea, are implementing similar subsidies.



Trade wars are inherently destabilizing for economies causing huge inflationary pressures that's the highest-in-a-generation. The subsidies can be a drag on innovation, as the Cato Institute notes was the case in a memory chip dispute in the 1980s and 1990s between the U.S., Japan and the Republic of Korea.



In fact, Biden's comments today sound eerily similar to President Ronald Reagan.



"The health and vitality of the U.S. semiconductor industry is essential to America's future competitiveness," Reagan said while slapping tariffs on Asian competitors. "We cannot allow it to be jeopardized by unfair trading practices."



There is nothing in the CHIPS legislation that specifies any sort of pro-competition fund allocation and it appears taxpayer money will go to large-tech monopolies. These companies have their bottom lines at heart and not the well-being of American consumers, and so the U.S. will be awash with chips – rather it just means supply chains will entrench their respective domestic monopolies and become more unreliable.

https://news.cgtn.com/news/2022-08-04/Why-the-CHIPS-and-Science-Act-will-hurt-the-U-S-in-the-end-1cdKOlHNDKU/index.html">https://news.cgtn.com/news/2022-08-04/W ... index.html">https://news.cgtn.com/news/2022-08-04/Why-the-CHIPS-and-Science-Act-will-hurt-the-U-S-in-the-end-1cdKOlHNDKU/index.html

[DKG]

White House press secretary Karine Jean-Pierre recently reiterated a point the Biden White House has been making for the past year: that inflation remains high not because of the Biden $6 trillion spending spree but because "high profit margins" captured during the COVID-19 pandemic drive up consumer prices.



So, according to Biden, companies that lose money do not raise prices. It baffles me that the White House believes Americans are dumb enough to accept being talked to like they were all in the fifth grade.

[Oerdin]

White House press secretary Karine Jean-Pierre recently reiterated a point the Biden White House has been making for the past year: that inflation remains high not because of the Biden $6 trillion spending spree but because "high profit margins" captured during the COVID-19 pandemic drive up consumer prices.



So, according to Biden, companies that lose money do not raise prices. It baffles me that the White House believes Americans are dumb enough to accept being talked to like they were all in the fifth grade.

Sadly, around half are stupid enough not to understand basic economics.  Where these supposedly greedy businesses any less greedy in 2019 when there was no inflation?  Doubling g the money supply in a single year while also shutting down most production resulted in ever more money chasing fewer and fewer available goods.  That is the very definition of inflation.



Now Democraps desperately want to find someone else to blame for their fuck up though.  It is not like they will ever accept responsibility for their own ignorant actions.

[Shen Li]

White House press secretary Karine Jean-Pierre recently reiterated a point the Biden White House has been making for the past year: that inflation remains high not because of the Biden $6 trillion spending spree but because "high profit margins" captured during the COVID-19 pandemic drive up consumer prices.



So, according to Biden, companies that lose money do not raise prices. It baffles me that the White House believes Americans are dumb enough to accept being talked to like they were all in the fifth grade.

About half oaf all Americans have the critical thinking skills of a 5th grader.