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@YouFound_Lxam
Yea but it was way lower when Trump was president. They were below $2 a gallon.
Ya, because the economy had a severe recession thanks to Trump’s poor response to Covid (failure to get testing available, lack of federal response, put the onus on the states, lack of leadership) We had a 16% unemployment rate in 2020.
It was 2.14 a gallon average in 2016 under Obama. By 2018 it had gone up to 2.72 under Trump. Then back to 2.24 in 2020 thanks to the recession.
Come on genius, get your facts straight
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Biden said he is sympathetic to the union’s demand, but he said a rail strike would cause too much economic damage and must be avoided.
This is so strange. You would think a Marxist Socialist like Biden would be out there protesting with the strikers. How can this be?
Biden is both a Socialist and a stooge for the capitalists.
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Amid pressure on Congress to pass a bill that would avert a rail shutdown, Sen. Marco Rubio (R-Fla.) said Tuesday that he won’t back any deal that lacks support from rail workers.
Little Marco is just trying to throw sand in the gears. Republicans are focused on sabotaging the economy in any way they can until they can get back in office to make rich people richer.
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@Dr.Franklin
Your link is fucking bullshit.
Lxam has a critical thinking skill deficiency. He is unable to differentiate between propaganda and actual facts. According to his bio he is just a high school kid so cut him some slack I guess.
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Yeah, in July,
Your article does not quote Powell saying we are in a recession.
Economists at the Fed say it could happen over the next 12 months.
Meanwhile, GP the dummy, has been saying we are in a recession ever since Biden took office.
Payrolls and wages blow past expectations, flying in the face of Fed rate hikes
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@SirAnonymous
I feel bad for Ye. He's completely lost his mind.
Yes, and naturally the crazy guy thinks Trump is a genius.
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Yeah, in July, guess you forgot what month it is now. Typical jarhead.
Show me the quote where Powell says we entered a recession in the last 4 months you idiot.
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@Public-Choice
the governor called the litigation timely and vital to the interests of people living in his state.
Ok genius, where in that article does it say oil companies don’t have enough places to drill? Are you suggesting the oil companies need Wyoming to operate at full capacity? You are a dummy. Even when you think you have support for your position there’s nothing there.
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The rapper Ye praised Adolf Hitler and Nazis in an interview Thursday with far-right provocateur Alex Jones, drawing a fresh round of condemnation for his incendiary antisemitism a week after he dined with former president Donald Trump alongside white nationalist Nick Fuentes.
“I like Hitler,” a fully masked Ye told Jones. Minutes later, the rapper said, “I love Jewish people, but I also love Nazis.”
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Lol, I trust the chair of the federal reserve
Lol, Jerome Powell agrees with me you dummy.
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Democrats simply can now afford to shit all over the radical Ecoleft and the powerful green energy lobby and tell them to go to hell in the face of the massive backlash of a Biden recession.
What recession you idiot. There’s no recession.
And you’re listening to the guy who just wrote this:
“LNG is the stuff in our cars that makes the engine go boom boom. We go to gas stations and fill it up.”
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@ILikePie5
Gas prices are going down because he got the supply from Saudi Arabia and Venezuela
Venezuela is at low production still.
The real reason oil prices are down is anticipated decrease in demand in China due to a Covid outbreak and some refineries coming back on line in the U.S.
It has little to do with Biden but since you idiots don’t get that I thought I would have some fun.
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@ILikePie5
less permits, etc.
That’s a lie. The oil companies have more permits than they can use.
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@Public-Choice
we halt drilling in Venezuela during a fucking oil crisis. This is Brandon's fault 100%.
That’s a lie. Trump halted taking oil from Venezuela for US refineries to put political pressure on Maduro
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@Public-Choice
we are swimming in refineries,
What year was the last refinery built in the United States?
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@Public-Choice
What is LNG used for?
It can be used in a variety of ways: Residential uses for natural gas include cooking, heating homes and generating electricity, while commercial uses for natural gas include heating, generating electricity, manufacturing products like fertilizers, paints and medicines, and occasionally fueling commercial vehicles.
LNG is natural gas in its liquid form. LNG is produced by purifying natural gas and super-cooling it to -260°F to turn it into a liquid. During the process known as liquefaction, natural gas is cooled below its boiling point, removing most of the extraneous compounds found in the fuel.
You’re an idiot.
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@Public-Choice
Putin had nothing to do with it. He never did.
You’re an idiot. You may be the only person in the world that thinks the war in Ukraine didn’t reduce global oil supply. And oil is a global market. The supply in the US effects the supply in Europe and vice versa.
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@Public-Choice
And we could have been drilling in fucking Venezuela this whole time, but the Biden Administration decided not to hand out the permit
Whoa, whoa, whoa. It was Trump that blocked oil from Venezuela. Biden needed to use diplomacy to responsibly start the flow again. Something Trump the dummy apparently couldn’t do.
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@Public-Choice
Second of all, Venezuela is providing more oil to the United States than previously thanks to biden simply restarting a Trump oil effort:
Previous to what? Previous to 3 months ago? Yes. Previous to 5 years ago? No
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@Public-Choice
First of all, Texas is supporting Europe, not OPEC:
LNG is not really a big factor for oil prices. The LNG was to replace the natural gas that Russia cut off. We have been talking about gas prices.
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@ILikePie5
The reason prices are going down is because supply is increasing namely from Venezuela
So since Trump shut down Venezuelan oil to US refineries, the high gas prices were his fault. Now I understand.
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@ILikePie5
The reason prices are going down is because supply is increasing
So you mean inflation would go down on goods if supply was increased? So inflation wasn’t caused by Joe Biden, and all the Republicans where just lying and duping their voters when they said it was Biden’s fault?
It is up to the President to respond to inflation but he didn’t cause the supply chain problem, right?
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@Double_R
You don’t get to have it both ways, blame him with no explanation necessary when prices go up but when they go down dismiss it with specifics.
That’s what idiot Republicans do. Because they’re idiots.
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@ILikePie5
Biden is getting oil from the socialists and authoritarian in Venezuela. Supply really does matter huh
Venezuela is no longer a significant producer of oil and the Biden Administration took steps so that Chevron doesn’t pay royalties to Maduro.
“The US gave Chevron a licence to resume oil production through its joint ventures in Venezuela on Saturday after Maduro’s socialist government resumed political talks with the opposition in Mexico City. The Treasury department cited “concrete steps that alleviate the suffering of the Venezuelan people and support the restoration of democracy”.
But you wouldn’t know that because you watch FOX News.
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@ILikePie5
That’s right. The international effort led by Biden is defeating Russia, helping Ukraine and putting oil on the global market at a reasonable price that doesn’t finance Russia’s war.
OR
The President can’t possibly control global oil markets and prices and it was stupid to blame Biden in the first place. But stupid never stops Republicans from expressing their views.
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@Vader
Thanks Joe for the 4.25 gas prices versus the 6 dollar gas price
Filling up is now as cheap as it was in February, just before Russia’s invasion of Ukraine touched off a global energy crisis. AAA reported the average nationwide price of a gallon of regular Wednesday was $3.50, and gas price tracking company GasBuddy projected it could drop below $3 by Christmas. And all of that relief probably helped drive robust shopping over Thanksgiving weekend.
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Shortly after the attack, both the Senate and the House held multiple hearings investigating security failures, and the Senate produced a bipartisan report detailing those failures. But McCarthy claims he wants to look at the security failures again.
Marjorie Taylor Greene of Georgia also extracted a promise that Mr. McCarthy would investigate Ms. Pelosi and the Justice Department for their treatment of defendants jailed in connection with the Jan. 6 attack. Maybe they can get better treatment in prison for convicted felon Elmer Rhodes.
Mr. McCarthy refused to comply with a subpoena to testify about his experiences during the insurrection, including a phone call he had with President Trump as the Capital was being ransacked.
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WASHINGTON — Representative Kevin McCarthy, the California Republican who is attempting to become the next House speaker, on Wednesday warned the special committee investigating the Jan. 6, 2021, attack on the Capitol that members of his party planned to launch an inquiry of their own into the panel’s work next year when Republicans assume control of the chamber.
House Republicans plan not only to end the inquiry at the start of the new Congress, but also to attempt to dismantle and discredit its findings — the latest piece of a broader effort the party has undertaken over the past two years to deny, downplay or shift blame for the deadly attack by a pro-Trump mob.
Disgusting!
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The average price of gas is back to where it was before Russia invaded Ukraine. It is putting real money back in Americans’ wallets.
Well if Joe made it go up, I guess he made it go down too. He deserves all the credit for low gas prices!
Also helping keep prices low at the moment are some key U.S. oil refineries that returned to churning out gasoline after months of being out of commission for maintenance and repairs. JOE FIXED THE OIL REFINERIES!
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@ILikePie5
Biden is a white supremacist too.
That’s nonsense
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You should never apologize or admit mistakes to people that want to actively harm you. That's just basic life skills.
Whoever raised you failed miserably
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@ILikePie5
Do you think I am white?
I have no idea, but if you support Trump then you are supporting a person who traffics in a white grievance and white supremacy view of the world.
Someone who tells the Proud Boys during a televised Presidential debate to “stand back and stand by”.
From the LA Times article posted by GP: “Skin color and upbringing don’t preclude anyone from being an enabler of white supremacy…”
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@oromagi
Good point. This guy was ensconced in the Republican Party. He wasn’t just some hayseed from the dark corners of America.
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@ILikePie5
Trump better fits my view on life and policy position
Are you talking about white supremacy or never admitting a mistake?
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@SirAnonymous
“Republicans bad!"
Yes, the Republicans have really bad ideas. They allowed Donald Trump to violate the constitution, they are terribly wrong on abortion rights, gay marriage, and transgender issues, the try hard to keep blacks from voting, they vilify immigrants, engage in fear mongering and their priority has always been to make rich people richer at the expense of everyone and everything else.
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@ILikePie5
Reagan tripled the National Debt.Bush doubled itTrump blew it up the most - 8 trillion in just 4 years.
I would support any Democrat that pushes for a balanced budget lol.
Did you support these three budget busters who all gave us calamity? The S&L crisis, the Housing crisis and the Covid crisis that all led to massive bailouts and stimulus spending.
I mean you’re the bonehead who voted for Trump and still supports him.
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Democrats have been promising this for over 50 years. If it hasn't happened by now, it aint happening.
Because Republicans keep obstructing universal healthcare and idiots keep voting for Republicans.
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Lock Them Up! He will likely get 20 years in prison.
Will Trump ever pay for his role in the Big Lie? Lock Him Up!
So two guys, one named Kelly and one named Elmer (as in Elmer Fudd) are going to jail and Republicans think it was all perfectly normal conduct on 1/6.
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@ILikePie5
Wait, a Democrat supporting a balanced budget?
The last surplus was delivered by Clinton and a Democrat majority Congress when they passed the Omnibus Budget Reconciliation Act of 1993 over unanimous Republican opposition.
The biggest deficits have all happened under Republican Presidents. Reagan, George W and Trump.
Reagan tripled the National Debt.
Bush doubled it
Trump blew it up the most - 8 trillion in just 4 years.
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@SirAnonymous
What I said was that it contributed to inflation whether or not it was justified.
Again, if the stimulus caused inflation then certainly the Trump tax cut caused inflation. As you say, it takes time for these changes to be felt in the economy.
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@SirAnonymous
That is not all it did. It helped the poor as well.
It did not help the poor. It gave them $645 and raised the cost of goods.
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@SirAnonymous
Then it's a good thing that it wasn't supposed to raise revenues in 2018.
It wasn’t designed to raise revenue ever! But Trump, Mnuchin, and the other idiots who pushed for this tax cut would sometimes lie and say it would pay for itself. Other times they admitted it would never pay for itself. That way voters could pick the scenario they liked best. They never clarify if the “paying for itself” means within a year, 10 years or ever.
These idiots:
Mnuchin is a member of the so-called "Big Six", a group of politicians convened to write a tax reform proposal that incorporated input from members of the House of Representatives, Senate, and White House. In addition to Mnuchin, the group consists of senators Orrin Hatch (R-UT) and Mitch McConnell (R-KY); representatives Kevin Brady (R-TX) and Paul Ryan (R-WI); and National Economic Council Director Gary Cohn.[75]
Here he says there will be no tax cut (or revenue reduction) for the rich:
“Shortly after the November 2016 election, Mnuchin, as the planned nominee for secretary of the treasury, stated in an interview with CNBC that "any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class",[76] which Senator Ron Wyden (D-OR) subsequently called "The Mnuchin Rule" during his Senate confirmation hearing.[77]
Then he says the tax cut will pay for itself:
“While appearing on ABC News on July 9, Mnuchin confirmed the administration was not considering a tax increase on the American upper class and the upcoming tax plan would finance itself.[83]
Mnuchin advocated for the Tax Cuts and Jobs Act of 2017, a bill expected to add $1.5 trillion to the deficit.[84] Mnuchin claimed the bill would pay for itself by causing explosive economic growth; he promised the treasury was working on an analysis that showed that, and that the analysis would be made public before Congress voted on the legislation.[84] However, on November 30, 2017, sources within the Treasury department said Mnuchin had ordered no analysis of the tax plan and that there was no Treasury analysis that showed that the tax cuts would pay for themselves.[84] In December 2017, the treasury released a one-page report on the tax plan which acknowledged that the plan would not pay for itself through economic growth.[85][86]
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@SirAnonymous
I'm not quite sure what you mean. If you mean that there should have been more tax cuts for the poor, I agree that would have helped them. If you mean that they should have had the same tax cuts for the poor but no cuts for the rich, I don't see how that would benefit the poor.
Because if the wealthy hadn’t got their tax cut which was 80% of the taxes cut in the bill, we would have had less inflation and less debt.
If stimulus causes inflation then so do tax cuts for wealthy people. They both put money in peoples pockets.
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@SirAnonymous
The tax cut was not the cause of the high deficits.
Yes, it was. The 275 billion in lost revenue for FY 2019 was a significant factor in the 985 billion dollar deficit.
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@SirAnonymous
However, he was only half responsible for 2021's budget, so he was only fully responsible for one unrounded trillion dollar budget.
2021 was going to be a trillion without Biden’s stimulus
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@SirAnonymous
It did give poor people $645 each, which is about half of what the stimulus packages did (individually). So it did help the poor. It wasn't a fortune, but it wasn't nothing either.
The Biden stimulus package did a lot more than give $1400 stimulus checks.
“The package will extend a $300-per-week federal unemployment supplement through Sept. 6. The first $10,200 of unemployment benefits received in 2020 will be tax-free for individuals with adjusted gross incomes (AGI) below $150,000”
Read your own Forbes article. It did a lot to help the poor, the unemployed and the middle class. Way more than $645/ year.
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@SirAnonymous
$3225 for each person in the bottom 80%.
Right, and $3225 over 5 years is still peanuts.
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@SirAnonymous
it was widely supported by Republican voters,
Because Republicans are stupid.
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@SirAnonymous
It was supposed to help the economy over the next 10 years or so. Kind of hard to measure that when a pandemic wrecks the economy in the middle of that. Economic policies like tax cuts are about the long term, not the next two years.
As your own article said - “The TCJA did not pay for itself, nor is it likely to do so in the future. There are many debates to have about the TCJA, but whether it raised or reduced revenues in 2018 should not be one of them”
If the TCJA helped the economy like it was supposed to, it most certainly would have raised revenues at some point. It’s been 5 years since it was signed in December 2017. All it did was make rich people richer.
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@SirAnonymous
It did give poor people $645 each, which is about half of what the stimulus packages did (individually). So it did help the poor. It wasn't a fortune, but it wasn't nothing either.
That’s an insult.
Made poor people $645 richer too.
Did it? The high deficits led to inflation and higher interest rates. The poor lost money. Had they restricted the tax cut to just the poor instead of giving 80% of the cuts to the wealthy, it might have actually helped the poor. But Republicans believe you can’t help the poor even a little unless you also help the rich a lot
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