Radiance3

The Stocks keeps on shredding way down. Lifetime Savings and Retirement funds almost down to the wire.

What goes up are the highest National Debts now more than $31 trillion, due to Biden's massive Spending.

son of witless

This is what Crazy Bernie and Pocahontas Warren wanted. They control Biden.

saltwind 78 Loc: Murrells Inlet, South Carolina

Radiance, I don't know about recession, but it wouldn't surprise me. It kind of centers on inflation. As prices keep on rising, the economy will suffer. We still have the best employment numbers that we've had in years, as well as other positive signs. There is just so much that a President can do about the price of oil. We have increased production, freed up our reserve supply, talked to OPEC producers, and the Fed has raised interest rates to fight inflation. What else can President Biden do?

American Vet

What he should have done day 1

Encourage oil production and refinery construction/upgrades.....remove the restrictions.

It costs tens of millions to do this - why would anyone expect oil companies to make an investment like that when the President pledged/promised to get rid of oil and "go electric"?

The best way is for American to become independent of foreign oil by using the HUGE capabilities we have. Then begin research into other options in a careful, controlled manner - instead of rushing crazily into wind/solar and their well-documented inadequacies and failures.

son of witless

You are in the Twilight Zone, Bizarro World, and Loony tune ville. Poor poor pitiful Joe. He's a doin all he can to get the price of oil down, to tame inflation, etc. No he ain't. His policies caused this mess. The man never worked a real job in his life.

If only he had done nothing when he became President, he would have gone down as a very good President. He could have played golf, stayed in the White House basement, or taken Jill on fancy vacations. The country would have run on auto pilot with the Trump policies in place. The nation was coming out of the C***d lockdowns.

But Joey had to touch the controls. He had to steer the big ship.

Radiance3

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Salt, to restore the economy, here's my suggestions and I know this will work.Put back the policies of President Donald Trump. President Biden reversed all of them the moment he stepped into the WH.

However, Biden and his mentors will not do that. They have their own vision for America. Power control, different ideology of governance into Marxism, or C*******m.

Notice that Biden is secretly well connected to China. This is a realization of the " hope and change you can believe in" by Mr. Obama in 2008.

The whole objective is power control. Biden and his allies do not care about how the people suffer. The more they do the better. That is why all the opposite things are done to destroy the economy and stability of the people. The desires to indoctrinate the young generation to h**e this country, and h**e each other. The desires to make them dumb and stupid. Criminals are let loose into the streets , and recycled back from the prison cell into the streets to commit crimes against the innocent.

Mr. Biden does not care if the economy is bankrupt as long as they are all well provided. Him and H****r have lots of millions hidden in banks that could not be tract down.

Notice that LIBS want to confiscate peoples' guns, while they are all guarded by well-armed security guards paid for by the peoples' money. The very purpose why they defunded the police. To promote violence among the people. Until they submit all the peoples' power to them. Now they get the full power.

Biden had planned to change zoning of suburbs to open to all kinds of people, by building huge complex building for all kinds of people to live. The drug addicts, rapists, and drug dealers are your next door neighbors.

Their objective is e******y or for equity. NK live like this. That is why Kamala one day when visiting SK, specified that US relations for NK is great. That was not a mistake. Yes, that is their goal.

Radiance3

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Let me analyze this:
Here are the causes of inflation.
1. Massive spending.
2. Biden paying people not to work.
3. Low of Supplies versus demands.
4. Printing of too much money.
5. Closures of our oil reserves.

One of the dumb things President Biden does is paying people not to work. That is why few people are looking for jobs. When fewer people look for jobs, while all of us are consumers, therefore production is low, supplies are low, whereas demands are high. Low supplies versus high demands cause inflation.

Another deception that this administration does is showing low unemployment rate. But actually the rate is deceptive. Number of people looking for jobs, divided by number of people in the workforce, equals unemployment rate.Since fewer people look for jobs, the unemployment rate is down. That's deceptive rate.

The closures of oil and gas drilling resulted to low supplies of gas and heating. Oil and gas, are the machineries, and engines of our economy. Without them our economy, our lives will not run. Our National Security at risks.

The closures of the XL Pipeline prevented a steady supply of cheaper power and energy to our economy. Another that caused inflation.

Oil and gas, are needed in all activities we do. Production, running our engines and machineries to work, running our air and land power to fight and defend our National Security, running all machines doing agriculture, running all manufacturing engines that produce. Without energy, all these things will not work.

In the long run, we could not survive without them.
We will be taken over by other countries due to lack of defense mechanism to protect us.

While Biden begs oil from Russia, Saudi Arabia, and other enemy counties like Iran, and Venezuela, and Saudi Arabia. These are so dangerous, for our national security, and at the same time ridiculous, and dumb.

What a STUPID BRAIN IS THAT? These are enemy countries, and they could use their oil to take over the United States to defeat when our fighting power defends on them.

This is the most DTUPID and BRAIN DEAD administration of Joe Biden and his ALLIES.

These are the reasons why we the people suffer at present of the highest inflation. And eventually we will be taken over by China, the secret friend of Biden where his son H****r rakes so much money for influence peddling. While China and Russia are watching and expanding worldwide, as the US decline .

Unfortunately, the DOJ, FBI'S and most MSM's are weapons used by these greedy and corrupt Democrat-Socialist administration. Their vision for America is POWER CONTROL. They are already doing it like the GESTAPO or the MARXIST dominance against the people who don't belong to their party or ideology.

Currently, the United States are bankrupted by the administration of Joe Biden and his handlers. As they corrupt the nation.

hygrometer3

You really are one stupid POS--Go get your depends changed along with your only buddy Old Slow Joe?? Freed up our OIL RESERVES--That right there shows-- you are a MORON???

Radiance3

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elledee

How does bribem suck the reasons just keep coming

Radiance3

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Salt, please let me explain why the rate of unemployment is low. President Biden, started the C***d19 stimulus has been giving to the low income without work requirements.The children have each $300 to $500 allowance per month. If they have 5 children, that helps them a lot. Plus they have free medical care, free housing, Food Stamps, and other social benefits in addition to the Stimulus programs.

After that there's another BBB $1.75 trillion Biden spread for Social programs, the said $555 billion said for C*****e c****e. But until now nothing done to that, except parking signs. These people don't look for jobs anymore because of those Biden subsidies.

That is why there are very few people looking for jobs. The lesser number of people looking for jobs, divided by the number of those in the workforce = low unemployment rate. Latest one at present is 3.5%. But that is wrong, and deceptive.

Massive Spending of Joe Biden creates high inflation. Low production due to fewer people working than the high rate of demands, equals higher inflation. High Gas prices due to prevention of oil drilling in our lands =low of oil and gas supplies equals high inflation. Those are some of the causes of inflation. CPI on June 2022 =9.1%. July =8.53%. Sept. is 10.9%. That's the highest inflation so far due to scarcity of production and oil supplies.

It was expected that by end of this quarter , we will have recession, and possibly stagflation. The recent raising of interest rate at another .75% brought down the stock market to its lowest. High interest rates slow down real estate value and sales. though demands are still high cause of population increase.

Retirement savings of people thru 401k and 0r 403b, and other deferred compensation have gone down at least 40%. I based that on my own 403b, the deferred compensation, and investments I created while working.

Similarly that is true to others. The biggest US bank JP Morgan Chase predicted recession will be worst than the Carter administration, and is coming by end of this quarter, or early next year.

The stock market during the 1987 fall had recovered fast due to Microsoft rapid return to growth. Now, there is none like that. Apple though from the beginning is still growth but all the growth from June to the present have been depleted.

Diversity of long term investments is necessary. Bonds, stocks, real estate, fixed income. that's what I have, and hopefully, when GOP takes over, all these reductions are gained back or move even higher.

Solutions to all these economic problems: V**e all GOP's by Nov. 2022 e******n. They will restore the losses and economic growth begins. Inflation will be down. And our lives will be much better, happier with our freedom restored. God bless America. Thank you.

Radiance3

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I think, this administration is purposely making the people poorer and suffer to be more dependent on the government. The goal is POWER CONTROL. Marxist ideology.

Radiance3

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When Biden took over Jan 20, 2021,
President Trump's inflation was 1.4%.
Now as of September 2022, under Biden inflation is 14.5%.
https://www.cbs.nl/en-gb/news/2022/40/inflation-rate-up-to-14-5-percent-in-september

National Debts as of Sept. 2022 is $31.15 trillion. Just after 21 months in office.

Powel of the Federal Reserve raised interest rates twice since 3 weeks ago by. 1.5% .75% each. The purpose was to lower inflation. Before raising interest rates inflation was at 8.3% Now after raising interest twice by .75% each, inflation went up to 14.5%.

Something is wrong with the brains of these people . Must be contaminated by Joe Biden.

saltwind 78 Loc: Murrells Inlet, South Carolina

Radiance, In case you didn't know, President Biden has created ten million new jobs since taking office. He has stopped the rise in gasoline prices, before the Saudis and Russians reach a decision to cut the supply. He has defended social security from Republican plans to end it.

American Vet

President Biden has created ten million new jobs since taking office

The Biden Regime has not created any jobs. Americans going back to work after Democrats forced businesses to close down during the C***d p******c is not ‘job creation.’
https://www.thegatewaypundit.com/2022/10/joe-biden-new-york-since-came-office-economy-created-668-manufacturing-jobs-video/

According to Federal Reserve Bank of St. Louis reports, the total labor participation rate is at 62.4 percent as of August. Other than a dip during the C****-** lockdown, labor participation hasn’t been that low since 1977.

The labor participation rate, according to the St. Louis Fed, is “defined by the Current Population Survey (CPS) as ‘the number of people in the labor force as a percentage of the civilian noninstitutional population […] the participation rate is the percentage of the population that is either working or actively looking for work.'” The rate fell as low as 60.4 percent in 2020, from its pre-C****-** rate of 63.4 percent, and has not yet recovered.
https://www.westernjournal.com/watch-wh-press-sec-says-biden-created-jobs-people-currently-alive/

Even left biased PoliticFact says:
There has been a large increase in the number of jobs since President Joe Biden took office in January 2021.
But the increase was marked by the rollout of v*****es, the reopening of businesses and a return to semi-normal after the c****av***s p******c. Also, presidents don’t really create jobs. There are many more factors at play in the economy. .

In February of 2020, the nation had around 152.5 million total nonfarm employees (the highest number ever). Then came the p******c, which chopped that number down to near 130.5 million. We’ve since been creeping back up to where we were before — and creeping more slowly as Biden’s policies took effect. And we’re still not there yet: The latest count is 150.9 million total nonfarm employees.
https://nypost.com/2022/04/01/biden-wants-you-to-believe-hes-creating-jobs-despite-whats-happened/


He has stopped the rise in gasoline prices, before the Saudis and Russians reach a decision to cut the supply.

By depleting our strategic reserve - and gas prices are on the rise again.


He has defended social security from Republican plans to end it.

A complete lie.