@earl-of-trumps saidThis is Capitalism functioning as it is designed to do .
Way to go, Joltin' Joe.
When Biden took the helm on January 20 2021, gas in the US was $2.40 per gallon
"The national average price for gas has reached $4.86, according to AAA. That’s 25 cents higher than last week and up 59 cents in just one month.
https://www.turnto23.com/news/national/national-average-price-for-gas-is-nearly-5-aaa-reports
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Can't wait until November
I guess you are voting a straight Socialist ticket this time around , lol .
You obviously don't know anything about Capitalism .
@jj-adams saidDo any of y'all read....you know, besides FOX?
By the time Biden and the Dem party are done, everything will be doubled in price.
A lot of stuff already is close to double. It'll be triple price by the time Biden is gone.
But it's all going to be Trump's fault in some way according to them.
Inflation, in all sectors, is a world wide problem, of which,
President Biden has little control.
@jimm619 saidTwo things about that, Jimm,
Do any of y'all read....you know, besides FOX?
Inflation, in all sectors, is a world wide problem, of which,
President Biden has little control.
#1 when people go to the polls in November, they won't care one iota who is to blame for inflation, only that they are an unhappy lot and the current admin has not fixed the problem. (Recall, 'I was defeated by the cost of hamburg'😉
#2 Biden printed off enough funny money to sink a battleship. What,, you thought it was free money, Jimm?
@earl-of-trumps saidBiden has no control over who,
Two things about that, Jimm,
#1 when people go to the polls in November, they won't care one iota who is to blame for inflation, only that they are an unhappy lot and the current admin has not fixed the problem.
#2 Biden printed off enough funny money to sink a battleship. What,, you thought it was free money, Jimm?
and how much money is printed.
That is all up to The Federal Reserve Bank,
in co-ordination with The Treasury.
But you're correct in your assumption that
Americans care little about the REASONS for inflation.
Amazing how uninformed Americans are.
https://www.investopedia.com/ask/answers/082515/who-decides-when-print-money-us.asp
https://pocketsense.com/branch-government-controls-coining-money-18233.html
@techsouth saidHere's $5.5 billion of 'em...
In 2018 and 2019 $1.5 billion was spent on the Keystone XL pipeline. Then, Jan 20, 2020 due to an election outside the control of investors, all that investment went up in smoke. With that kind of unpredictability in regards to investment, it's no surprise that oil companies would want to hedge their investments to safeguard their capital positions.
Tell me why any oi ...[text shortened]... ould risk investing in new production as long as there is a chance a Democrat will become president.
Just one company.
What do you know....Dem Administration
https://corporate.exxonmobil.com/News/Newsroom/News-releases/2022/0429_ExxonMobil-announces-first-quarter-2022-results
Yeah, really, what do you know? 😛
@jimm619 said@Techsouth has a point, Jimm, government scares away investors. Government can crush your company at the wave of a bill. *poof*. NOt good for America.
Here's $5.5 billion of 'em...
Just one company.
What do you know....Dem Administration
https://corporate.exxonmobil.com/News/Newsroom/News-releases/2022/0429_ExxonMobil-announces-first-quarter-2022-results
Yeah, really, what do you know? 😛
@zahlanzi saidFor all the yammering from the GOP about the radical left, we should be engaging a better label for the GOP.
"your nation would be a socialist nation"
good
"We are all sure that the Republicans do not want socialism, we want freedom and liberty"
except for some books, the ability to marry whomever one wants, the freedom to choose what happens with one's body, learning history, voting, the list could go on
" ability to succeed with no limits"
except the ability to have heal ...[text shortened]... en't won the popular vote overall in 20 years.
And it's not even close to being AOC's party yet.
The GOP is the radical right !! Does the term "Cowboy Capitalism" still exist ?
I would place the DEMS in the middle of the political-economic spectrum.
There was a push from AOC, Bernie Sanders and others for a pull to the left, but Biden rejected that.
@earl-of-trumps saidWithout government investment cannot occur because it relies on the government to protect property and enforce the rule of law
@Techsouth has a point, Jimm, government scares away investors. Government can crush your company at the wave of a bill. *poof*. NOt good for America.
@metal-brain saidAntitrust laws are not being broken.
No, they should enforce antitrust laws.
The oil refiners in the USA are price fixing.
https://www.usatoday.com/story/money/2022/06/07/record-gas-prices-not-oil-shortage-refinery-capacity/7529563001/?gnt-cfr=1
According to secretary of the treasury, Janet Yellen, "price gouging" is not what is driving inflation.
Janet Yellen served under Obama, and was brought back in by Biden. She's as *democratic* party as you get.
https://financialpost.com/pmn/business-pmn/janet-yellen-rejects-idea-corporate-greed-is-to-blame-for-inflation
@athousandyoung saidYeah but unfortunately, the same power that protects property can be used to destroy it.
Without government investment cannot occur because it relies on the government to protect property and enforce the rule of law
@earl-of-trumps saidNO ONE IS TRYING TO SCARE INVESTORS,
@Techsouth has a point, Jimm, government scares away investors. Government can crush your company at the wave of a bill. *poof*. NOt good for America.
except, maybe TUCKER.
Y'all preach the fear,
as most everyone knows, fear is bad for economies.
@earl-of-trumps saidI am talking about fuel prices, not anything else.
Antitrust laws are not being broken.
According to secretary of the treasury, Janet Yellen, "price gouging" is not what is driving inflation.
Janet Yellen served under Obama, and was brought back in by Biden. She's as *democratic* party as you get.
https://financialpost.com/pmn/business-pmn/janet-yellen-rejects-idea-corporate-greed-is-to-blame-for-inflation
You are digressing.
@jimm619 saidNO ONE IS TRYING TO SCARE INVESTORS,
NO ONE IS TRYING TO SCARE INVESTORS,
except, maybe TUCKER.
Y'all preach the fear,
as most everyone knows, fear is bad for economies.
just wow, Jimm. I can imagine what they could do if they DID try, eh??
How much did the Keystone investors lose, $1.5 Billion??? Jeeeezus.