Bidenomics

[JOE]

FUCK NO   

How could Biden & his administration have addressed the hardships Americans are facing these days Oliver the Second ?

What could they have done differently?

What are your major beefs against the Biden administration? 

I know there are things the Trudeau government in my country have done that I disagree with. Such as overimmigrating during an economic slowdown when there isn't enough money to go around

[Herman]

Ollie, it is that post by old Joe that makes folks not want to participate in amy thread he is in.

It is all fine and good to joke around, but the open borders, the war on the domestic energy industry, giving tens of billions to billionaires and politically connected corporations to make life more expensive for working folks, and the endless expensive wars are all Americans get under Biden.

[JOE]

Ollie, it is that post by old Joe that makes folks not want to participate in amy thread he is in.

It is all fine and good to joke around, but the open borders, the war on the domestic energy industry, giving tens of billions to billionaires and politically connected corporations to make life more expensive for working folks, and the endless expensive wars are all Americans get under Biden.

Well Herman erman i didn't agree with Biden cancelling the Keystone pipeline. I believe that was a huge mistake & may end up costing Biden the presidency.

Biden should have just said he'd stall the project. He catered to the Progressive wing of his party and will pay dearly for that promise

[Lokmar]

Well Herman erman i didn't agree with Biden cancelling the Keystone pipeline. I believe that was a huge mistake & may end up costing Biden the presidency.

Biden should have just said he'd stall the project. He catered to the Progressive wing of his party and will pay dearly for that promise

Shitbag, biden cheating the election assure that. Tell me dickface, who do YOU want to win in 2024?

[Brent]

Biden's IRA is an act of war on American wage esrners.

[Oliver the Second]

Get ready to pay even more for everything!

Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum

President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that's increasing friction between the world's two largest economies.

The Democratic president said that Chinese government subsidies ensure the nation's companies don't have to turn a profit, giving them an unfair advantage in global trade.

"I'm hoping nobody sees through this obvious bullshit," Biden said (not really) in the White House Rose Garden. "This is just another tax to raise billions of dollars for me to fritter away."

The tariffs come in the middle of a heated campaign between Biden and Trump, his Republican predecessor, to show who's tougher on China. Biden claims he is toughening up on China by waiting five seconds before answering the phone when Xi calls with his new orders.

https://apnews.com/article/biden-china-tariffs-electric-vehicles-evs-solar-2024ba735c47e04a50898a88425c5e2c

[Lokmar]

Get ready to pay even more for everything!

Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum

President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that's increasing friction between the world's two largest economies.

The Democratic president said that Chinese government subsidies ensure the nation's companies don't have to turn a profit, giving them an unfair advantage in global trade.

"I'm hoping nobody sees through this obvious bullshit," Biden said (not really) in the White House Rose Garden. "This is just another tax to raise billions of dollars for me to fritter away."

The tariffs come in the middle of a heated campaign between Biden and Trump, his Republican predecessor, to show who's tougher on China. Biden claims he is toughening up on China by waiting five seconds before answering the phone when Xi calls with his new orders.

https://apnews.com/article/biden-china-tariffs-electric-vehicles-evs-solar-2024ba735c47e04a50898a88425c5e2c

I actually support tariffs. If I had it my way, I'd put tariffs so fucking high on foreign goods, companies would be forced to build in America or go out of business. Of course we need to repeal environMENTAL regulations too.

[JOE]

I actually support tariffs. If I had it my way, I'd put tariffs so fucking high on foreign goods, companies would be forced to build in America or go out of business. Of course we need to repeal environMENTAL regulations too.

....'Cept Canada, right LokmarL okmeer?

'Murica needs at least 1 friend in this world, Bud.

[Lokmar]

....'Cept Canada, right LokmarL okmeer?

'Murica needs at least 1 friend in this world, Bud.

Only if we get to put you in stockades and throw rotten tomatos at your Cucknadian face once a month.

[Thiel]

Economic growth is grinding to a halt while inflation just doubled from the previous quarter despite premature Biden claims of "mission accomplished." In fact, inflation hasn't declined since June 2023. Elsewhere, mortgage rates are back above 7% and home ownership is now costlier than ever. Credit card debt and auto loan delinquencies are rising to alarming levels, and office loan defaults have already returned to 2008-09 financial crisis levels.

Consumer sentiment also just sank to levels last seen during the peak inflation days of summer 2022. Meanwhile, deficits have resumed their rise toward the $2 trillion mark while the national debt is at record levels and far exceeds the size of the U.S. economy.

[Herman]

This is Bidenomics.

[Herman]

Happy Meals have become an increasingly unaffordable luxury since Biden took office.
The government uses the U.S. Bureau of Labor Statistics' Consumer Price Index to measure inflation.

For instance, when President Joe Biden took office, the year-over-year inflation rate was roughly 1.4%. CNN indicated the Biden inflation rate reached a 40-year high of 9.1% in June 2022.

Last week, the Labor Department indicated that the CPI for all urban consumers "increased by 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March[.] ... Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment."

According to the BLS inflation calculator, prices generally increased by approximately 21.5% between December 2019 and March 2024, according to TheStreet.

Some consumers have apparently turned instead to fast-food prices to gauge just how much purchasing power they have lost in recent years.

FinanceBuzz has made historical price comparisons easier, contrasting fast-food menu prices in 2014 and prices in 2024 on the basis of pricing data sourced from ItsYummi.com, FastFoodMenuPrices.com, and MenuWithPrice.com, cross-referenced with restaurants' official websites.

The breakdown claimed that the price of:

the McChicken increased by 199% over the 10-year stretch, from $1.00 in 2014 to $2.99 in 2024;
the McDouble increased by 168%, from $1.19 to $3.19;
medium fries by 138%, from $1.59 to $3.79;
the Quarter Pounder with Cheese Meal by $122%, from $5.39 to $11.99;
the Oreo McFlurry by 88%, from $2.39 to $4.49;
the 10 Piece McNugget Happy Meal by 83%, from $5.99 to $10.99;
the 4 Piece McNugget Happy Meal by 67%, from $2.99 to $4.99;
the Big Mac by 50%, from $3.99 to $5.99; and
the price of a medium drink increased by 25%, from $1.29 to $1.61.
McDonald's — which has reportedly contested the figures, saying "pricing is set by individual franchisees and varies by restaurant" — is not the only restaurant suffering what some are calling "McFlation."

Popeyes Louisiana Kitchen's menu items have, on average, allegedly jumped by 86% in price since 2014. Taco Bell has reportedly seen an 81% average increase. Dining out at Chipotle Mexican Grill now, 10 years later, apparently costs 75% more.

It appears some of the more dramatic price increases have taken place over the past four years.

TheStreet indicated that the price of medium French fries at McDonald's increased by 134.1%, from $1.79 to $4.19 since 2019; the price of the McChicken increased by 201.6%, from $1.29 to $3.89; the price of the Big Mac increased by 87.7%, from $3.99 to $7.49; and price of the cheeseburger increased by 215%, from $1 to $3.15.

McDonald's CEO Chris Kempczinski told analysts in February, "I think what you're going to see as you head into 2024 is probably more attention to what I would describe as affordability," reported Fortune.

[JOE]

Happy Meals have become an increasingly unaffordable luxury since Biden took office.
The government uses the U.S. Bureau of Labor Statistics' Consumer Price Index to measure inflation.

For instance, when President Joe Biden took office, the year-over-year inflation rate was roughly 1.4%. CNN indicated the Biden inflation rate reached a 40-year high of 9.1% in June 2022.

Last week, the Labor Department indicated that the CPI for all urban consumers "increased by 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March[.] ... Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment."

According to the BLS inflation calculator, prices generally increased by approximately 21.5% between December 2019 and March 2024, according to TheStreet.

Some consumers have apparently turned instead to fast-food prices to gauge just how much purchasing power they have lost in recent years.

FinanceBuzz has made historical price comparisons easier, contrasting fast-food menu prices in 2014 and prices in 2024 on the basis of pricing data sourced from ItsYummi.com, FastFoodMenuPrices.com, and MenuWithPrice.com, cross-referenced with restaurants' official websites.

The breakdown claimed that the price of:

the McChicken increased by 199% over the 10-year stretch, from $1.00 in 2014 to $2.99 in 2024;
the McDouble increased by 168%, from $1.19 to $3.19;
medium fries by 138%, from $1.59 to $3.79;
the Quarter Pounder with Cheese Meal by $122%, from $5.39 to $11.99;
the Oreo McFlurry by 88%, from $2.39 to $4.49;
the 10 Piece McNugget Happy Meal by 83%, from $5.99 to $10.99;
the 4 Piece McNugget Happy Meal by 67%, from $2.99 to $4.99;
the Big Mac by 50%, from $3.99 to $5.99; and
the price of a medium drink increased by 25%, from $1.29 to $1.61.
McDonald's — which has reportedly contested the figures, saying "pricing is set by individual franchisees and varies by restaurant" — is not the only restaurant suffering what some are calling "McFlation."

Popeyes Louisiana Kitchen's menu items have, on average, allegedly jumped by 86% in price since 2014. Taco Bell has reportedly seen an 81% average increase. Dining out at Chipotle Mexican Grill now, 10 years later, apparently costs 75% more.

It appears some of the more dramatic price increases have taken place over the past four years.

TheStreet indicated that the price of medium French fries at McDonald's increased by 134.1%, from $1.79 to $4.19 since 2019; the price of the McChicken increased by 201.6%, from $1.29 to $3.89; the price of the Big Mac increased by 87.7%, from $3.99 to $7.49; and price of the cheeseburger increased by 215%, from $1 to $3.15.

McDonald's CEO Chris Kempczinski told analysts in February, "I think what you're going to see as you head into 2024 is probably more attention to what I would describe as affordability," reported Fortune.

Buy Gold 'n Silver Herman erm!

That's the only way ta combat inflation in the long run.

All our money's gonna be worthless in 5-10 years, eh?

Ya may as well store it in somethin' that's still gonna be worth something.

[Lokmar]

Buy Gold 'n Silver Herman erm!

That's the only way ta combat inflation in the long run.

All our money's gonna be worthless in 5-10 years, eh?

Ya may as well store it in somethin' that's still gonna be worth something.

Too bad you cucks cant buy guns and ammo. You should really sneak over into America and buy an AR-15 and 2000 rounds of ammo, josephine. Otherwise, someone like me will come take all your shit.

[DKG]

Buy Gold 'n Silver Herman erm!

That's the only way ta combat inflation in the long run.

All our money's gonna be worthless in 5-10 years, eh?

Ya may as well store it in somethin' that's still gonna be worth something.

Take your trolling to your own thread. Derailing this one because you aren't getting enough attention in your own thread is pretty gay.