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Old 06-01-2022, 10:25 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,769,865 times
Reputation: 3902

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And now they are saying Biden's economy is going to go from really bad to absolutely horrific.

Things just keep getting worse by the week under Biden and Democrat leadership. Seems to be no end in sight.

Remember, Biden stated the buck stops with the President and he said when he takes office he will not blame others and will instead accept responsibility.

JPMorgan Chase chairman and CEO Jamie Dimon told investors Wednesday to brace for a coming economic "hurricane."
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Old 06-01-2022, 11:03 AM
 
1,213 posts, read 568,437 times
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Meh whatever. The wealthy and elites need a good spanking anyway.
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Old 06-01-2022, 11:04 AM
 
5,941 posts, read 2,763,866 times
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Jaime Dimon tends to get things right...

Somebody from the media/adminstration will now write a piece proclaiming that hurricanes are actually good for the economy.
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Old 06-01-2022, 11:05 AM
 
Location: NMB, SC
43,127 posts, read 18,290,317 times
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I agree. The Biden administration blames all this on Putin's war. Yellen just admitted this morning that maybe she made a mistake. Powell still thinks this is temporary and stated he was a little off in his projection of inflation (he projected 2% max).

So with no one actually doing anything (Powell's rate increase is a joke) inflation will soar.

We need to resurrect Volcker and put him in charge.
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Old 06-01-2022, 11:06 AM
 
5,941 posts, read 2,763,866 times
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Quote:
Originally Posted by richardstarkey View Post
Meh whatever. The wealthy and elites need a good spanking anyway.
When they get spanked, the working/middle class tend to lose things like jobs, income, houses, relationships...
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Old 06-01-2022, 11:06 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,769,865 times
Reputation: 3902
Quote:
Originally Posted by richardstarkey View Post
Meh whatever. The wealthy and elites need a good spanking anyway.
Unfortunately the economic hurricane will hurt the poor and working class the most, just as the current economic damage is doing but much worse.

This will be a financial disaster for the LGBTQIA+!)@(#*$&%^ folks, women (whatever they are), people of color and children.
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Old 06-01-2022, 11:07 AM
 
25,449 posts, read 9,813,207 times
Reputation: 15340
Quote:
Originally Posted by Stephan A Smith View Post
And now they are saying Biden's economy is going to go from really bad to absolutely horrific.

Things just keep getting worse by the week under Biden and Democrat leadership. Seems to be no end in sight.

Remember, Biden stated the buck stops with the President and he said when he takes office he will not blame others and will instead accept responsibility.

JPMorgan Chase chairman and CEO Jamie Dimon told investors Wednesday to brace for a coming economic "hurricane."
He was talking about quantitative easing, which hopefully we all knew had to happen at some point. He's also talking about the effects of the Ukraine war on fuel and food. It's not all Biden's fault and our troubles didn't start in 2021.
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Old 06-01-2022, 11:07 AM
 
29,503 posts, read 14,663,209 times
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Quote:
Originally Posted by richardstarkey View Post
Meh whatever. The wealthy and elites need a good spanking anyway.
Except it's the middle and lower classes that are going to take the effing. The wealthy and elite, will always remain wealthy and elite.
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Old 06-01-2022, 11:10 AM
 
Location: NMB, SC
43,127 posts, read 18,290,317 times
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Quote:
Originally Posted by trobesmom View Post
He was talking about quantitative easing, which hopefully we all knew had to happen at some point. He's also talking about the effects of the Ukraine war on fuel and food. It's not all Biden's fault and our troubles didn't start in 2021.
Which should have no impact on the US. Our problems started before this war and blaming the war is what Biden is using to give himself a free pass.

Biden's EO's have done more harm to the oil industry than the war between Ukraine and Russia.
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Old 06-01-2022, 11:10 AM
 
25,449 posts, read 9,813,207 times
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Quote:
Originally Posted by scarabchuck View Post
Except it's the middle and lower classes that are going to take the effing. The wealthy and elite, will always remain wealthy and elite.
You got that right. The elite will never suffer.
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