US Joe Biden News Megathread - The Other Biden Derangement Syndrome Thread (with a side order of Fauci Derangement Syndrome)

Let's pretend for one moment that he does die before the election, just for the funsies. What happens then? Will the nomination revert to option number 2, aka Bernie Sanders? Or will his running mate automatically replace him just the way Vice-President is supposted to step in after the Big Man in the White House chokes on a piece of matzo? Does he even have a running mate yet?

 

[Oats12345]

View attachment 2385306

Sounds like they don't want Florida every again.

His brother is more fun to listen to, he's also one of the most red-pilled MF out there.

Who is his brother?

The new RINO talking point today is that there was a special election runoff last night in TX between two republican candidates, the wife of the congressman who won but died of the Chyna Virus, and a state rep for the area. The former was endorsed by Trump, the latter by former TX governor Rick Perry. This doesn’t seem to be the case of conservative vs RINO, both would be fine. Low voter turnout made the one endorsed by Perry win, and this is now being spun that Trump doesn’t have influence anymore as the GOP gets ready to cave on the infrastructure deal.

Be ready for one final push of trying to move on from Trump with this crybaby committee as a catalyst by going back to failure theater Republicans.

Sounds like an overblown statement form Rinos. Low turn outs can happen during special elections like remmber when Massachusetts elected Scott Brown as a republican Senator during a special election because of low turn out and later lost to Elizabeth Warren in 2013.

 

[Miller]

Who is his brother?

Reactor

 

[Sekirodiealot]

View attachment 2379870

Can't say I'm surprised

 

[Terrifik]

https://twitter.com/disclosetv/status/1420395829815296003

 

[verissimus]

View attachment 2387085

https://twitter.com/disclosetv/status/1420395829815296003

Never let a "crisis" go to waste.

 

[Terrifik]

https://twitter.com/crabcrawler1/status/1420473914493394959

Powell Sees Progress on Taper Conditions Though a Ways to Go

Federal Reserve officials are moving closer to when they can start reducing massive support for the U.S. economy, though Chair Jerome Powell said there was still some way to go.

www.bloomberg.com

Federal Reserve officials signaled they are moving closer to when they can start reducing massive support for the U.S. economy, though Chair Jerome Powell said there was still some way to go.

“We’re not there. And we see ourselves as having some ground to cover to get there,” he told a press conference Wednesday after the Federal Open Market Committee held interest rates in a range near zero and maintained asset purchases at $120 billion a month until “substantial further progress” was made on employment and inflation.

relates to Powell Sees Progress Made on Taper Conditions Though Ways to Go
Jerome Powell speaks during the virtual news conference on July 28.Source: FOMC
Click here for Bloomberg’s TOPLive blog on the Fed decision and press conference

“The economy has made progress toward these goals, and the committee will continue to assess progress in coming meetings,” the Federal Open Market Committee said in its policy statement. The FOMC vote was unanimous.

Powell said officials had taken their “first deep dive” during their two-day meeting on how to go about scaling back bond buying when the time came, but no decision on taper timing had been made.

“We’re making progress. We expect further progress and if things go well we will reach that goal,” he said.

Stocks pared losses, the dollar lost ground and 10-year Treasury yields advanced.

“The Fed is starting the clock on tapering. It is not happening now or even in September, but expect the pace of asset buying to slowdown late this year or early next,” said Neil Dutta, head of U.S. economics at Renaissance Macro Research.

The FOMC repeated language that inflation had risen, “largely reflecting transitory factors,” and that risks to the economic outlook remain.

“The sectors most adversely affected by the pandemic have shown improvement but have not fully recovered,” the statement said.

Consumer prices are rising at the fastest pace since 2008 as the economy reopens and Americans renew spending after a year of lockdown. At the same time, the spreading delta variant has jolted investors who worry it could threaten the economic recovery.

”As long as Covid is running loose out there, as long as there is time and space for the development of new strains, no one is finally safe,” Powell said.

Both consumers and markets expect higher prices in the next five years

Fed officials held their benchmark interest rate in a zero to 0.25% range and Powell said “we’re clearly a ways away” from liftoff. Fed forecasts published last month showed rates on hold through next year. The quarterly projections will be updated in September.

Since last September, the Fed has set the amount of its monthly purchases of Treasuries at $80 billion and mortgage-backed securities at $40 billion to help the economy heal from Covid-19.

Powell said officials had discussed the mechanics of scaling back bond buying when the time came, including the pace and composition of any changes, and promised plenty of advance warning before any decision.

Some officials have said they would like to begin the taper sooner rather than later, citing financial-stability concerns including the steep rise in home prices. They’ve also argued the Fed should reduce its MBS purchases at a faster pace than Treasuries because the housing market no longer needs central bank support.

“There really is little support for tapering MBS earlier than Treasuries,” Powell said, though he added that the idea of scaling back MBS at a faster clip than Treasuries was attractive to some officials and the issue would continue to be discussed.

The July meeting comes a month ahead of the Kansas City Fed’s annual policy retreat in Jackson Hole, Wyoming. Fed chairs, including Powell, have sometimes used the venue to signal policy shifts. Powell confirmed he will speak at the Aug. 26-28 conference. The next gathering of the FOMC is Sept. 21-22.

Read more: U.S. Commerce Chief Dismisses Idea Inflation Spike Will Persist

Employment has made significant strides in the past few months, with the unemployment rate falling below 6% as more jobs are added and more workers rejoin the labor force. But the gains haven’t been equal for all Americans -- the Black unemployment rate stood at 9.2% and the Hispanic rate at 7.4% in June.

While inflation is running well above the Fed’s 2% target, officials have said that price spikes are likely temporary and are being driven by categories related to the economic reopening.

In addition, economists say the increased spread of the delta variant, which is now the dominant strain of coronavirus in the U.S., may weigh on growth in the second half of this year.

Variants have surpassed inflation as the biggest risk to market stability, according to Deutsche Bank AG’s monthly survey of market participants.

The Fed also announced that it established two standing repurchase-agreement facilities. The two standing facilities -- domestic and foreign -- will serve as backstops in money markets, the central bank said in a separate statement.

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MEME

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tim video info saying its close for enviction time

 

[gaystoner]

Kamala Harris 1-2 years ago ladies and gentlemen!

 

[Celebrate Nite]

View attachment 2387428

Kamala Harris 1-2 years ago ladies and gentlemen!

God, even back then her tweets were generic and same-y

 

[Terrifik]

For the Person few 10 to 30 pages back guess your correct. Here comes cucking on infrastructure deal another 2 trillion for inflation.

https://twitter.com/TheInsiderPaper/status/1420502631324213251

 

[Ruin]

For the Person few 10 to 30 pages back guess your correct. Here comes cucking on infrastructure deal another 2 trillion for inflation.
View attachment 2387498

https://twitter.com/TheInsiderPaper/status/1420502631324213251

2 trillion in domestic spending during the highest inflation in fifty years. With all this plus more lockdowns coming there's a very real possibility of an economic collapse in the near future.

 

[Kuritan Deplorable]

2 trillion in domestic spending during the highest inflation in fifty years. With all this plus more lockdowns coming there's a very real possibility of an economic collapse in the near future.

Honestly, it'd probably be a blessing at this point. Finally put to bed the idea that you can have bottomless immigration and exponential social programs without any issues whatsoever. The longer the zombie economy shambles along from 2008, the worse it'll be when it finally goes down. Sometimes you just gotta start cutting and remove the rot before you lose the whole thing.

 

[Compositesludge]

2 trillion in domestic spending during the highest inflation in fifty years. With all this plus more lockdowns coming there's a very real possibility of an economic collapse in the near future.

I can't believe you would say something so divorced from reality. We also have a massive eviction crisis looming! It's even worse!

 

[gaystoner]

For the Person few 10 to 30 pages back guess your correct. Here comes cucking on infrastructure deal another 2 trillion for inflation.
View attachment 2387498

https://twitter.com/TheInsiderPaper/status/1420502631324213251

i should have clicked it but read a headline that kristen sinema is not rubber stamping this one

 

[CarlosDanger]

I don't know what to make of Sinema, I understand she is in a red leaning state so she has to be careful with how she votes and all that, but I kind of like how she continues to piss on the leftists a bit. AOC and the squad are pissed at her, so she is doing something right.

 

[Gehenna]

I don't know what to make of Sinema, I understand she is in a red leaning state so she has to be careful with how she votes and all that, but I kind of like how she continues to piss on the leftists a bit. AOC and the squad are pissed at her, so she is doing something right.

She's a Blue Dog, effectively Democrats who are from Red-Leaning districts/States and toe the line. The Democrats view them much in the same way the Republicans view RINOs. The difference is that Blue Dogs don't have much institutional power in their party, whereas RINOs basically run/ran theirs.

 

[Sekirodiealot]

View attachment 2381533

https://t.co/kc3kiZ0Y5M?amp=1

Dems better not be surprised when the same happens to them

 

[Compositesludge]

I don't know what to make of Sinema, I understand she is in a red leaning state so she has to be careful with how she votes and all that, but I kind of like how she continues to piss on the leftists a bit. AOC and the squad are pissed at her, so she is doing something right.

From what I understand, she's a former member of the Green Party who idolizes John McCain for being a maverik who stood up to his own party. This combination naturally leads her to make very dumb decisions and double down on them in the most annoying ways possible. It's one of those things where it's entertaining if they're not in your party, and endlessly frustrating if they are.

 

[Iceland Heavy]

I don't know what to make of Sinema, I understand she is in a red leaning state so she has to be careful with how she votes and all that, but I kind of like how she continues to piss on Democrats a bit.

She's a blue John McCain and should be treated as such.

 

[MrJokerRager]

Well fuck, looks like more cunts and faggots and niggers from SF and Oakland will drive out to my neck of the woods in order to buy the ammo because they keep electing subhuman commies and karens who banned them all in their shitholes.

 

[CrippleThreat]

She's a blue John McCain and should be treated as such.

And the mark of a true grifter comes to anyone who sees her as "More conservative than McCain!"

Look at the woman's history and tell me, with a straight face, that she's a conservative. Any Democrats in Arizona are mostly Latino (lol) or playing chameleon.