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We may have spent too much on the pandemic but it was a rather large unknown and our economy was in free fall, besides spending was pretty much bipartisan by congress and both presidents. Wasy to criticize from hindsight.
The subprime loans are nothing new, why are you assigning blame to him.
What are your thoughts on AFTER we had multiple vaccines available to go ahead and spend even more on another Covid stimulus package when we are already in the middle of a historic recovery?
What are your thoughts on AFTER we had multiple vaccines available to go ahead and extend Federal unemployment benefits when we are already in the middle of a historic recovery?
What are your thoughts on AFTER we had multiple vaccines available to continue to let doctors and lawyers skip out on paying back their student loans when we are already in the middle of a historic recovery?
What are your thoughts on Biden going ahead and giving his blessing to the Nord Stream 2 pipeline against all his advisors advice, knowing as soon as he did that it would give Putin the ability to invade and destroy Ukraine?
What are your thoughts on AFTER we had multiple vaccines available to go ahead and spend even more on another Covid stimulus package when we are already in the middle of a historic recovery?
What are your thoughts on AFTER we had multiple vaccines available to go ahead and extend Federal unemployment benefits when we are already in the middle of a historic recovery?
What are your thoughts on AFTER we had multiple vaccines available to continue to let doctors and lawyers skip out on paying back their student loans when we are already in the middle of a historic recovery?
What are your thoughts on Biden going ahead and giving his blessing to the Nord Stream 2 pipeline against all his advisors advice, knowing as soon as he did that it would give Putin the ability to invade and destroy Ukraine?
We were not recovered well into 2021. But how do any of those points relate just specifically to subprime credit cards, personal and car loans, I don't see the relationship.
What does any of this have to do with Nord Stream and Putin's invasion.
We were not recovered well into 2021. But how do any of those points relate just specifically to subprime credit cards, personal and car loans, I don't see the relationship.
What does any of this have to do with Nord Stream and Putin's invasion.
As has been stated multiple times already, those loans were affordable for these people up until inflation skyrocketed and then they no longer had enough money in their budget to pay for the loans. They were too busy trying to pay the higher costs of everything else.
I see you did not answer each of those questions, which is typical of the left. They usually just dodge.
It's sad that you are not aware of how Putin was able to invade Russia. It was written about extensively prior to Biden giving the okay. Biden's own advisors told him not to do it, because it will result in Russia invading Ukraine, but he did it anyway.
Putin was reliant on the pipelines going through Ukraine, which is what held him back from invading the country. He could not risk damaging those pipelines, as that's how he got his energy out of the country to sell it. Going against all professional advice, Biden allowed the Nord Stream 2 pipeline to be completed and be used, which allowed Putin to get his energy out without having to use the piplines through Ukraine. As predicted, Russia then invaded Ukraine.
Here is one such article on it PRIOR to Russia invading.
"The administration has doubled down on its feckless May decision to waive the most powerful congressional sanctions on Nord Stream 2, the pipeline to bring gas from Russia to Germany under the Baltic and North seas. This project would enable the Kremlin to stop sending that gas via Ukrainian pipelines and facilitate its use of energy as a weapon to punish Eastern European nations."
Biden is now claiming Russia's invasion of Ukraine is causing all the inflation. Setting aside the fact inflation was already spiking prior to the invasion, Biden IS the reason the invasion happened in the first place.
The racist Dems like to talk about that site a lot, maybe I need to look at sometime.
I looked at it last year, after the Dems and Progressives on here commented about that site. Seemed the Left was keeping that place going, with the lefty outrage of something the couldn't cancel LOL I haven't been back since.
As has been stated multiple times already, those loans were affordable for these people up until inflation skyrocketed and then they no longer had enough money in their budget to pay for the loans. They were too busy trying to pay the higher costs of everything else.
I see you did not answer each of those questions, which is typical of the left. They usually just dodge.
It's sad that you are not aware of how Putin was able to invade Russia. It was written about extensively prior to Biden giving the okay. Biden's own advisors told him not to do it, because it will result in Russia invading Ukraine, but he did it anyway.
Putin was reliant on the pipelines going through Ukraine, which is what held him back from invading the country. He could not risk damaging those pipelines, as that's how he got his energy out of the country to sell it. Going against all professional advice, Biden allowed the Nord Stream 2 pipeline to be completed and be used, which allowed Putin to get his energy out without having to use the piplines through Ukraine. As predicted, Russia then invaded Ukraine.
Here is one such article on it PRIOR to Russia invading.
"The administration has doubled down on its feckless May decision to waive the most powerful congressional sanctions on Nord Stream 2, the pipeline to bring gas from Russia to Germany under the Baltic and North seas. This project would enable the Kremlin to stop sending that gas via Ukrainian pipelines and facilitate its use of energy as a weapon to punish Eastern European nations."
Biden is now claiming Russia's invasion of Ukraine is causing all the inflation. Setting aside the fact inflation was already spiking prior to the invasion, Biden IS the reason the invasion happened in the first place.
I can't read the entire article but I would expect that much is due to inflation which is world wide by the way not just in the US which you just don't seem to want to admit. Rising interest rates would also cause them problems along with the fact that stimulus payments have run out and the Child Tax Credit lapsing.
So your theory is that we invited Russia to invade Ukraine over Nord Stream 2, since when does a pipeline give a country a right to invade. Keep smacking that head it might help.
Strange that some think the US can dictate energy policy in Europe and Germany when they go into meltdown over something as insignificant as Keystone.
Anyway back to the point, oil is key to the US economy more than any other nation and any rise is inflationary. Taking the second largest producer of oil off the market will of course cause a price rise along with the increase of demand even prior to Russians invasion.
Once again the price of oil is set by the world market and inflation is occurring in every country, I guess that's Biden's fault.
Last edited by Goodnight; 05-23-2022 at 12:02 PM..
We were not recovered well into 2021. But how do any of those points relate just specifically to subprime credit cards, personal and car loans, I don't see the relationship.
What does any of this have to do with Nord Stream and Putin's invasion.
what?
By the time Trump left office, unemployment was back below Obama's term until 2015.
By the time Trump left office, GDP was within ~$200B (1%) of the end of 2019.
By the time Trump left office, inflation was still under 2.5%
the only explanation I can think of for folks who were given several thousand dollars in stimulus, expanded unemployment that exceeded their prior wages (on average), $250-300 per child for 6 months, yet now owe more money on their credit cards than they did a year ago is:
a. crappy planning and financial management
b. an explosion in their personal cost of living aka inflation that exceeded the wage gains they made from June 2020 until now.
Under Obama, the too-big-too-fail corrupt banks and financial institutions who orchestrated all the subprime mischief not only didn’t get punished, they became even larger!
To be clear it was under GW Bush's leadership that the whole underpinnings of the 2008 meltdown were allowed to build. It was GW Bush who asked Congress on September 20, 2008 for the authority to spend as much as $700 billion to purchase troubled mortgage assets and contain the financial crisis. By the time Obama came in the bank loans were already in place. Punishing the banks could have only exacerbated the crisis. We were a hair's length from total collapse.
“Consumers are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the U.S. is coming to an end.”
Perhaps they were not anticipating 30% rent increases. Don't get me wrong - I am not advocating not paying bills, however. But people are going to eat before they pay their credit cards.
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