US US Politics General - Discussion of President Biden and other politicians

 

[Car Won't Crank]

And so there we have it.

https://www.dailymail.co.uk/news/article-10801581/FDA-refuses-say-baby-formula-plant-reopen-despite-companys-claims-facility-safe.html

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What's particurly aggravating about this?

The FDA didn't give a shit when China got caught shipping cut-rate baby formula.

The articles I've read, the FDA couldn't even prove the initial infections that killed two infants came from this plant, but found other bacteria outside the plant and in the bathrooms of the offices, so they just keep the plant shut.

Tell me again how all this shit isn't manufactured?

Quite ridiculous yet the FDA allows an unproven set of "vaccines" to be forced onto people despite evidence suggesting their impotence and potential, greater harm.

 

[Witthel]

Hunter gotta get his crack and hooker fund somehow.

 

[Trust Me I Know]

 

[Milwaukee Macho Man]

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I wish he'd actually grow a beard.

 

[Confused Doggo]

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Next rally he does, he needs to have The Lord of the Rings theme playing.

And then watch people get pissed off and accuse him of ruining it.

 

[ForgedBlades]

>inflation is my top priority

 

[God of Nothing]

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I have no words.

 

[WhatInTheActualFuck]

It looks like Project Veritas has internal documents and a whistleblower from the FBI regarding the agency's raids on PV journalists following the whole Ashley Biden diary thing:

 

[CrippleThreat]

I wish he'd actually grow a beard.

Would've won 2020 in a landslide (despite more mules) with a beard.

 

[Milwaukee Macho Man]

Would've won 2020 in a landslide (despite more mules) with a beard.

or

 

[XYZpdq]

Punished Trump
a God Emperor denied his nation

 

[Scale Smerch]

>inflation is my top priority

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Those gosh darn oil companies have refused to pump oil so much that I'm gonna take away their ability to pump more in the first place, because that'll show em. Or something.

Gets even better when combined with the supposed chitchat between Biden and Italy's Draghi of making an oil buyer cartel.

Italian prime minister Mario Draghi has floated the creation of a “cartel” of oil consumers, following a meeting with US president Joe Biden that included talks on revamping energy markets triggered by Russia’s invasion of Ukraine.

Speaking to reporters on Wednesday in Washington, Draghi said he and Biden shared a “dissatisfaction” with the structure of global energy markets and had discussed the “general concept” of capping prices of both oil and gas.

The Italian prime minister and the US president met at the White House on Tuesday in order to continue co-ordinating their positions on Russia’s invasion of Ukraine and the economic fallout from the conflict.

“We are both dissatisfied with the way things work, in terms of oil for the US and in terms of gas for Europe,” Draghi said. “Prices don’t have any relationship with supply and demand.”

Italy’s prime minister said Rome’s priority would be to cap gas prices to “reduce the financial help we are giving to Putin to continue the war” and make use of Europe’s “market power”. He acknowledged that even within the EU, support for such a measure was “not unanimous” and it was unclear whether such a plan would be approved.

But Draghi, who formerly served as president of the European Central Bank, said the “same thinking could be applied to oil at a global level”.

“The idea is to create a cartel of buyers, or to persuade the big producers, and Opec in particular, to increase production, which is perhaps the preferred path,” Draghi said. “On both paths, there’s a lot of work to do.”

Draghi’s comments came as the Italian prime minister said that he and Biden had discussed inflation and the hardship it was causing in both the US and in Europe. Draghi backed the Federal Reserve’s steps to tighten monetary policy to curb inflation in a more aggressive manner than the ECB, noting the differences in the tightness of the labour market between the US and the eurozone.

“The Fed is quickly raising interest rates, which is necessary given the level of overheating of the American economy,” he said.

Until the invasion, Italy had received about 40 per cent of its imported gas supplies from Russia, but it is now scrambling to identify other sources of energy. Roberto Cingolani, Italy’s minister for energy transition, has said that Italy could end its use of Russian gas by the end of next year.

White House efforts to cool the crude market rally, including releasing record amounts of stored emergency oil and imploring US companies to drill more wells, have failed to push international benchmark Brent back below $100 a barrel.

Opec, the oil producer cartel led by Saudi Arabia, has also ignored repeated pleas from the Biden administration to increase supply more quickly, while several of the group’s producer countries have struggled to meet their own output quotas.

Recommended Saudi Aramco Saudi Aramco overtakes Apple as the world’s most valuable company Analysts said an oil buyers’ cartel would prove difficult to execute, pointing out that the International Energy Agency — formed after the Arab oil embargo of 1973 to counter Opec’s influence — still struggled to strike collective agreements among members about releasing oil from emergency stockpiles.

“How easily would members of a buyers’ club collectively draft contracts [to buy oil]?” said Kevin Book at ClearView Energy Partners, a Washington consultancy.

“The problem is likely to be execution. This isn’t like Walmart getting favourable pricing because there isn’t anywhere else to sell the stuff,” Book said. “After 16 decades of the oil industry, there still isn’t a buyers’ club in place.”

The current climate would be outright hilarious if it wasn't so legitimately retarded and insane.

EDIT - Added article quote because paywall

 

[Kuritan Deplorable]

Those gosh darn oil companies have refused to pump oil so much that I'm gonna take away their ability to pump more in the first place, because that'll show em. Or something.

Gets even better when combined with the supposed chitchat between Biden and Italy's Draghi of making an oil buyer cartel. The current climate would be outright hilarious if it wasn't so legitimately retarded and insane.

I'm not paying to get past that wall, but *what*. Is their plan to get as many consumers of oil as possible onboard and just refuse to buy over a certain price. Because I'm pretty sure in the energy markets, the supplier has the upper hand. This ain't like GPU's and waiting out the scalpers. Not to mention how in the long term all artificially low oil prices does is ensure a complete collapse of any domestic production.

I'm starting to slowly warm to the idea that some ones said fuck it YOLO, if not a planned collapse. There is just too much fuckery, the assorted pieces don't make sense individually or in the bigger picture. Its genuinely as if they are assuming they will get their way because they're in charge, no further reasoning or justification required.

 

[CarlosDanger]

The laptop class, on top of being liars, haw-haw about people not being able to feed their kids.

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I want all the nightmares of AWFLs to come true.

Inflation is only "down" because Biden depleted the oil reserves, this dropped gas prices 10-15 cents and stayed flat for the time they are measuring. The cost of fuel makes up 4% of the CPI, the price of fuel has spiked in May and it is now higher than it was before the reserves opened up. So we have 8.3% inflation with a report showing gas and oil as flat, coming into the driving season where gas is spiking and this doesn't even take into account China is completely locked down.

 

[WhatInTheActualFuck]

Inflation is only "down" because Biden depleted the oil reserves, this dropped gas prices 10-15 cents and stayed flat for the time they are measuring. The cost of fuel makes up 4% of the CPI, the price of fuel has spiked in May and it is now higher than it was before the reserves opened up. So we have 8.3% inflation with a report showing gas and oil as flat, coming into the driving season where gas is spiking......

Isn't it also a YoY metric as well? Last April is when the Bidenflation really started to ramp up:

EDIT: Also, energy's contribution to inflation seems to largely be unchanged. Assuming that chart is correct, the biggest drop was in Goods Excluding Food and Energy, so the working class isn't really feeling any relief. Source

 

[Scale Smerch]

I'm not paying to get past that wall, but *what*. Is their plan to get as many consumers of oil as possible onboard and just refuse to buy over a certain price. Because I'm pretty sure in the energy markets, the supplier has the upper hand. This ain't like GPU's and waiting out the scalpers. Not to mention how in the long term all artificially low oil prices does is ensure a complete collapse of any domestic production.

I'm starting to slowly warm to the idea that some ones said fuck it YOLO, if not a planned collapse. There is just too much fuckery, the assorted pieces don't make sense individually or in the bigger picture. Its genuinely as if they are assuming they will get their way because they're in charge, no further reasoning or justification required.

Didn't even realize it was paywalled so added it in a quote above, but pretty much, Draghi was insinuating implementing oil and gas price controls on an international level. It's categorically insane, all it would ensure is the current issues are exacerbated and that the OPEC oil crisis becomes the tame brother of this disaster in the making.

Personally I suspect this is desperate reaching more than managed collapse. The Dems and Eurocrats are largely leftist and propped up by their prog and environmental wings, going for more domestic oil and gas is only going to piss them off so they're going for anything that might theoretically correct the problem. It's pure short term gain looking strictly towards the next election cycle and propping up their voter bases.

 

[Kane Lives]

Isn't it also a YoY metric as well? Last April is when the Bidenflation really started to ramp up:

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Really is stark when you put it in context like this.

 

[OrangeJuliusEvola]

I heavily suspect, having looked a bit more into the numbers since I saw the exit pulling for Vance, is that Trump's endorsement has an outsized impact in two areas.

First, in any race where the felt battle is Trump Endorsement vs RINO, the RINO gets stomped. Trump's endorsement seems to rile up a lot of anti-rino sentiment so when the battle is felt to come down to that it gets lopsided. Where that is not the case or where the battle is seen as multi-contestant then the second situation comes to play.

Second, Trump's endorsement does have an outsized effect on the undecided vote. It appears to be that any Trump endorsed candidate reaps a pretty significant windfall. Normally the undecided vote mostly gets divided equally among the leading candidates with a narrow but deciding break in close races. Trump's endorsement makes this... pretty lopsided. A good half of the undecided vote breaks for the endorsed candidate while the latter half gets split among everyone else.

This is a deciding factor in most races, but as Nebraska shows it is not all powerful. And honestly this is a very good thing. It shows an upper limit on trump's influence which will be a great stop on the Republicans going too far and wasting their gain and the Democrats failures.

Hey, I know there's like zero farmers anywhere near Trump's ear, but someone ought to explain to Trump what an éminence grise is and why he'll be more influential and remembered by history if he acts in that capacity rather than trying for the presidency again.

 

[CarlosDanger]

Isn't it also a YoY metric as well? Last April is when the Bidenflation really started to ramp up:

View attachment 3272590

EDIT: Also, energy's contribution to inflation seems to largely be unchanged. Assuming that chart is correct, the biggest drop was in Goods Excluding Food and Energy, so the working class isn't really feeling any relief. Source

Yeah the energy contribution being unchanged is because the oil reserves were depleted and the cost of oil and gas slightly dropped/stayed flat throughout the month. It is spiking again now in May, so next month's report should show oil and gas spiking leading to more inflation. That is going to be a really bad report if everything stays on the same trajectory as it is now.

 

[Drag-on Knight 91873]

Yeah the energy contribution being unchanged is because the oil reserves were depleted and the cost of oil and gas slightly dropped/stayed flat throughout the month. It is spiking again now in May, so next month's report should show oil and gas spiking leading to more inflation. That is going to be a really bad report if everything stays on the same trajectory as it is now.

And Summer's just going to make it worse. The Summer of Discontent.