PINO Biden Said Inflation is Not His Fault, Vows to Combat It, Blames Corporations

[SackMan518]

Huh, interesting... this is the same guy who said “There is truth and there are lies. Each of us has a duty and responsibility, as citizens, as Americans, and especially as leaders — leaders who have pledged to honor our Constitution and protect our nation — to defend the truth and to defeat the lies" and "the buck stops with me" and "the depth of economic devastation our nation is experiencing is not an act of God, it’s a failure of presidential leadership." So where is all of the tough talk and accountability now that HE'S in office? Nowhere to be found... like his brain and the minds of his followers. No, no, no... his administration has done nothing to kick off and exacerbate the issues because it's all the fault of Trump, corporations, Putin, and "ultra-MAGA." You know, crippling the energy industry and printing money out of thin air to give to illegal immigrants and Ukraine has absolutely nothing to do with it... decisions he made by the way. It's everyone else. Trump broke the economy and now he's FIXING it!

Hey if you believe those you might profess allegiance to the concepts of 2+2 = 5, women can be men and vice versa, war is peace, freedom is slavery, and America's citizens should be treated as 3rd rate indentured servants as opposed to everyone else. Yes my brothers on The Range, we truly live in Clown World and I see a portion of you wearing fuzzy wigs and red noses laughing and dancing at the commands of the ringleader while the tent is on fire and the lions are out of their cages.

Honk honk!

Love Sack Man

Biden is finally getting to work on fighting inflation. Yesterday, the former Vice President tweeted that it’s not his fault, it’s greedy big corporations: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share,” Joe explained.

 

Here in the U.S., inflation rates have surged to a 40-year high, levels not seen since 1982 when hapless democrat Jimmy Carter was president. CNN reported that:

• Gasoline is up 48% in one year.
• Used cars up 35% in one year.
• Food up 8.8% in one year.
• Shelter up 5% in one year.

 

One reason the reported food inflation rate looks lower than what you’re actually seeing at Publix is that the rates are calculated only on a fixed basket of a few dozen food items like eggs and milk, which are all heavily subsidized. So it is likely the real food inflation number is much higher than the reported 8.8%. Just saying.

— U.S. gas prices peaked at an historic all-time high yesterday. Breitbart’s article on the story yesterday was headlined, “Gas Prices in Joe Biden’s America Hit Another Record High.” The article reports that on Friday, the average for regular gas reached $4.43, up from the previous record of $4.41 reached the day before, on Thursday. The national average for mid-grade is $4.79, and the average for premium is $5.07. Diesel also hit a new high on Friday, standing at $5.56.

In California, gas is hurtling towards $7 a gallon.

But don’t worry! Between arm-wrestling and pushup competitions, Joe Biden made some big moves this week to combat high gas prices. The Hill ran a story Thursday headlined, “Biden Administration Cancels Oil and Gas Lease Sales in Alaska, Gulf of Mexico.” Build back better!

Speaker Nancy Pelosi, 106, said yesterday SHE doesn’t think Americans blame the Biden Administration for high gas prices. “I think they’re blaming oil companies,” the ancient relic explained to reporters. Her comments were related to a new bill just introduced in the House that would allow Biden to set gas prices in the US, since the free market obviously doesn’t work.

BIDEN. Biden will set gas prices.

Peanut-brained president Jimmy Carter tried setting gas prices back in the 1970’s. The entirely predictable result was gas rationing, assigned days to buy gas, ration cards, and hours-long lines at gas stations. And then, after several years of intense pain for Americans, a landslide win for Republican President Ronald Reagan and the economy began to recover.

In other news, Pelosi and the House democrats have NOT proposed lifting federal gas taxes. So.

— Meanwhile, Bloomberg reported that the Russian ruble is up more than 11% against the dollar since January, and is now the TOP gainer among 31 major world currencies. Weird. We obviously need MORE sanctions, because the current ones aren’t working. Sanction harder!

It’s so strange! How can all this be happening? I mean, we have JOE BIDEN in charge. Plus we have spent two years prioritizing teaching social justice to the military, and Joe has put our wokest generals in charge, hardcore generals who don’t even need the gym and aren’t afraid to walk around in women’s dresses, no matter how unflattering it looks. They don’t care. Plus, they know ALL the pronouns like you wouldn’t believe.

How can all NATO’s new wokeness possibly be failing against a non-woke civilization like Russia? It must just be a temporary setback, or something. Baffling.

[Toofast80]

Whomever thought this dolt was ever an “honest American” really needs to check their skull for multiple defects!

[Very Wide Right]

Yet there will be millions of Americans that will still buy into this ridiculous Biden regime.

[Philly'sFinest]

53 minutes ago, Very Wide Right said:

Yet there will be millions of Americans that will still buy into this ridiculous Biden regime.

TDS and media programming runs deep within some.

It's frightening to think that more than one Hipkat exists in this country, but sheep are fairly commonplace these days

[Woody]

[HipKat]

[SackMan518]

4 hours ago, HipKat said:

Ugh, you still don't get it? When you remove a major supplier of energy from the market, in the case us, with a steady demand globally then supply goes down and PRICES RISE EVERYWHERE. Economics 101 bro. Stop carrying water for this moron you voted for. 

For more pro tips follow me on The Range! 

[Woody]

[Nuke]

26 minutes ago, SackMan518 said:

Ugh, you still don't get it? When you remove a major supplier of energy from the market, in the case us, with a steady demand globally then supply goes down and PRICES RISE EVERYWHERE. Economics 101 bro. Stop carrying water for this moron you voted for. 

For more pro tips follow me on The Range! 

He will never answer this. I said to him before that if the largest producer of oil restricts oil production it is going to effect EVERY COUNTRY in the world. But, it doesn’t fit his narrative, so he will ignore it and will continue to use his flawed argument again and again.

[foster]

What should he do to bring down the cost of international CTR shipping?

This is a significant contribution to our current inflation problem.  
 

This has been a growing problem for years, starting under the Trump administration, and the shipping industry has taken advantage of the global COVID crisis to gouge their customers.

 

Shipping and transportation costs continue to be a significant driver of increased costs. While delays have started to clear (In my business the CTR travel times from Asia have dropped from 90->60 days) the premium pricing approx 3-4x what they were 36 mos ago remain. In many cases these costs were originally absorbed by the importer (similar to the tariff increases before).  The thought was that it would be a temporary increased expense. Now that these costs seem to be here to stay, those costs are being passed along to consumers. 
 

One of the products I work with fits 108 units into a 40’HC CTR. Made in Vietnam, this CTR used to cost ~$6500.  We’ve paid a high of $33k and now it’s settled to between $28-30k.   That’s about $200/unit increase in COGS.  We’ve had to raise the MSRP by $400 to $3299 to cover this cost. 
 

The USA has little influence on global shipping prices.  Just like the petroleum industry, the shipping companies, Intl and Domestic are taking advantage of the current market conditions and maximizing their profits.  

 

[Herodotus]

5 hours ago, HipKat said:

I have been to a few of those countries, Spain, France, and Germany.  What one pays at the pump in those countries actually goes to things, as a large part of their prices are taxes that build infrastructure which means that I almost never encountered a pothole there and always enjoyed well maintained roads, and damn good public transit system where you could catch a bus or subway in any decent sized city and go anywhere there about ever 10 to 15 minutes.  My only beef with any of those countries was Spain where air conditioning in fucking August, when its really hot, came at a premium.   Anyways, in Europe you are actually paying yourself ahead, I would have to wonder where our gas price increases would go.

[jc856]

12 minutes ago, Herodotus said:

I have been to a few of those countries, Spain, France, and Germany.  What one pays at the pump in those countries actually goes to things, as a large part of their prices are taxes that build infrastructure which means that I almost never encountered a pothole there and always enjoyed well maintained roads, and damn good public transit system where you could catch a bus or subway in any decent sized city and go anywhere there about ever 10 to 15 minutes.  My only beef with any of those countries was Spain where air conditioning in fucking August, when its really hot, came at a premium.   Anyways, in Europe you are actually paying yourself ahead, I would have to wonder where our gas price increases would go.

For some reason I don’t understand, some European countries don’t seem to mind sweating out of every fucking pore on their bodies.

Go inland in Sicily in August and try to enjoy yourself. I dare you🤣

[Woody]

44 minutes ago, jc856 said:

For some reason I don’t understand, some European countries don’t seem to mind sweating out of every fucking pore on their bodies.

Go inland in Sicily in August and try to enjoy yourself. I dare you🤣

It costs about double what we pay in the US to run A/C.  A little swamp ass might be a fair trade-off.    

 

[deleted]

6 hours ago, HipKat said:

This is typical due to the other country's  leftist taxes.  What is amazing is how this administration, via progressive apparatchiks, are globally distributing misery. 

[Herodotus]

46 minutes ago, jc856 said:

For some reason I don’t understand, some European countries don’t seem to mind sweating out of every fucking pore on their bodies.

Go inland in Sicily in August and try to enjoy yourself. I dare you🤣

Oh I know, Spain in August under that hot Mediterranean sun, damn lets see they had arenas with no AC, that sucked, they had theaters with no AC, that sucked too.  Then the host family I was with, they were at least well to do enough to have a house where the breezes from the Med, about 10 miles away helped cool you down, and even better a little corner of their living room that had AC, but I was told that there was literally a tax on using your air conditioner so they often did without.  Oh well it was all good,  the wine, cerveza, food, people, and art were wonderful so I mostly enjoyed it.  On the other hand, I learned why a lot of tour companies suggest October and November or March and April for Italy, the Balkans, Greece and Turkey.  

[HipKat]

3 hours ago, Nuke said:

He will never answer this. I said to him before that if the largest producer of oil restricts oil production it is going to effect EVERY COUNTRY in the world. But, it doesn’t fit his narrative, so he will ignore it and will continue to use his flawed argument again and again.

You DO realize that we're still the largest producer of oil in the world, right?

What Countries Are the Top Producers of Oil?

 

1. United States

The largest economy in the world, the U.S. is also the largest producer of oil. The U.S. crude oil production exceeded that of Saudi Arabia in 2018 after more than two decades and has maintained the lead since then. Crude oil is produced in 32 U.S. states and in coastal waters. However, close to 71% of the total U.S. crude oil production comes from five states—Texas, North Dakota, New Mexico, Oklahoma, and Colorado. America’s oil and natural gas industry supports 10.3 million jobs in the country and contributes nearly 8% of its gross domestic product (GDP). 

The data by U.S. Energy Information Administration (EIA) indicates that total petroleum production in the U.S. averaged about 18.87 million b/d while its consumption averaged about 19.78 million b/d in 2021. The difference between consumption and production is by imports. The top five source countries of U.S. gross petroleum imports in 2021 were Canada, Mexico, Russia, Saudi Arabia and Colombia.

 

[Nuke]

47 minutes ago, HipKat said:

You DO realize that we're still the largest producer of oil in the world, right?

What Countries Are the Top Producers of Oil?

 

1. United States

The largest economy in the world, the U.S. is also the largest producer of oil. The U.S. crude oil production exceeded that of Saudi Arabia in 2018 after more than two decades and has maintained the lead since then. Crude oil is produced in 32 U.S. states and in coastal waters. However, close to 71% of the total U.S. crude oil production comes from five states—Texas, North Dakota, New Mexico, Oklahoma, and Colorado. America’s oil and natural gas industry supports 10.3 million jobs in the country and contributes nearly 8% of its gross domestic product (GDP). 

The data by U.S. Energy Information Administration (EIA) indicates that total petroleum production in the U.S. averaged about 18.87 million b/d while its consumption averaged about 19.78 million b/d in 2021. The difference between consumption and production is by imports. The top five source countries of U.S. gross petroleum imports in 2021 were Canada, Mexico, Russia, Saudi Arabia and Colombia.

 

 

 

Yes, I realize that we are still the largest producers of oil. https://www.macrotrends.net/2562/us-crude-oil-production-historical-chart. February 2020 (around Biden taking office) we were producing 13,100 barrels of oil per day. Then it instantly took a nose dive below 10,000 before coming back half way. It’s currently 11,600.  Down 12%. That doesn’t take into account all the restrictions/changes Biden placed on the oil industry https://www.csis.org/analysis/biden-makes-sweeping-changes-oil-and-gas-policy You refuse to admit that the LARGEST PRODUCERS OF OIL cutting/restricting it’s supply has anything to do with gas prices in Norway? Then you clearly don’t understand how a global market works. Is a big part of this Putin’s fault? Absolutely. Is a big part of this Biden’s fault? I know the apologist in you won’t let you admit it, but, ABSOLUTELY. 

[SackMan518]

46 minutes ago, HipKat said:

You DO realize that we're still the largest producer of oil in the world, right?

That's making your argument look worse. How much of that oil is for domestic use? As @Nukepointed out, Biden has crippled our output which has caused prices to rise because the supply is lower. I'm not sure what part of this you just don't get. If the President has a very lenient natural energy policy prices always drop because of the surplus. Should we explain it to you as apples and oranges?

[Thebowflexbody]

1 minute ago, SackMan518 said:

That's making your argument look worse. How much of that oil is for domestic use? As @Nukepointed out, Biden has crippled our output which has caused prices to rise because the supply is lower. I'm not sure what part of this you just don't get. If the President has a very lenient natural energy policy prices always drop because of the surplus. Should we explain it to you as apples and oranges?

Take it easy on the guy.  He has no education to speak of. 

[Nuke]

2 minutes ago, SackMan518 said:

That's making your argument look worse. How much of that oil is for domestic use? As @Nukepointed out, Biden has crippled our output which has caused prices to rise because the supply is lower. I'm not sure what part of this you just don't get. If the President has a very lenient natural energy policy prices always drop because of the surplus. Should we explain it to you as apples and oranges?

The Biden apologist in him won’t let him admit it 

[SackMan518]

2 minutes ago, Thebowflexbody said:

Take it easy on the guy.  He has no education to speak of. 

I'm seeing that.

1 minute ago, Nuke said:

The Biden apologist in him won’t let him admit it 

I don't get it. Biden is an abject failure and @HipKatassures us that he's a Republican. Biden goes against almost every principle he's supposed to have.

[Thebowflexbody]

2 minutes ago, SackMan518 said:

I'm seeing that.

I don't get it. Biden is an abject failure and @HipKatassures us that he's a Republican. Biden goes against almost every principle he's supposed to have.

HipKat is full of b.s.

[Nuke]

1 minute ago, SackMan518 said:

I'm seeing that.

I don't get it. Biden is an abject failure and @HipKatassures us that he's a Republican. Biden goes against almost every principle he's supposed to have.

Lol. Reading in the shoutbox he’s sounds Pro-Choice and all for gun reform.  These are two issues I really don’t care about either way, but, it makes you wonder what issues was he ever Republican on? 

[SackMan518]

1 hour ago, Nuke said:

Lol. Reading in the shoutbox he’s sounds Pro-Choice and all for gun reform.  These are two issues I really don’t care about either way, but, it makes you wonder what issues was he ever Republican on? 

Financial prudency but that's about it. That's a Uniparty problem now and we're seeing it in action with these Ukraine aid packages.

[HipKat]

3 hours ago, Thebowflexbody said:

Take it easy on the guy.  He has no education to speak of.