OH because of that they are suppose to know EVERYTHING the Trump admin was doing and how they were doing it
and another thing The biggest person the right is calling incompetent lately is Mayor Pete , he was NOT in the Obama admin and had NO idea what the Transportation Sec,'s Job totally consisted of , and NOT having a Transition team to help him find out what it consisted of , how to do it and what the last Sec, of Trans. was doing it took him time to figure it out. and JUST MAYBE IF there was a Transition team in place the mistakes he and people like him in the Biden admin made would have NOT been made because they would have had a LOT better idea of what to do
Ask any Republican why Silicon Valley Bank (SVB) failed and they will spit out “woke,” along with some acronyms that are meaningless to probably 99% of the American public: DEI and ESG. That would be “diversity, equity, and inclusion” and “environmental, social, and governance” guidelines, the things they’re trying to replace “CRT” with as made-up acronymic scary things.
That’s a lot easier than dealing with reality. Trump and the GOP deregulated rails, and we got East Palestine. Trump and Republicans, primarily, rolled back some Dodd-Frank banking rules, and we got SVB.
Remember this from early March 2020?
“Trump disbanded NSC pandemic unit that experts had praised.” When Trump was declaring that COVID-19 “came out of nowhere” and “blindsided the world,” after he had disbanded the National Security Council directorate “charged with preparing for when, not if, another pandemic would hit the nation.”
Yeah, that.
It all comes down to a “small-government” GOP that’s become so obsessed with the “small” that they’ve abandoned the “government” part.
Toxic train wrecks. Bank failures. Pandemics. Thanks, GOP!
Ask any Republican why Silicon Valley Bank (SVB) failed and they will spit out “woke,” along with some acronyms that are meaningless to probably 99% of the American public: DEI and ESG. That would be “diversity, equity, and inclusion” and...www.dailykos.com
You were defending a statement made by someone else. My apologizes for mixing you two up.
You're right you didn't say anything specific, because that would require you to acknowledge reality instead of sticking to rhetoric. Also, as more information is coming out, we are finding that the banks had terrible investments because they were more interested in pushing for leftist social justice nonsense instead of sound investments, like a bank should be doing. Now we have to foot the bill for your indolent and idiotic ideology while basically destroying the entire banking system? Yeah, that totally makes sense.
Who injected $3 trillion into the economy? Something, something, Congress, sometime, something, Dems pushing to print more and more money while the GOP tried to limit it? In conclusion, you have nothing but are desperately trying to cover up that fact.
Their policies contributed to the runaway inflation. The Fed had to react to it, unless you're cool with 9% inflation.
My overall point is, deregulation isn't some fun hobby, and it screws a lot of shit up in very predictable ways because human nature dictates that we have to have safety standards that work like guardrails.
Injecting tons of money into the economy when we are coming out of lockdowns and then the banks themselves choosing poor investments for leftist social justice BS instead of doing actual good sound investments.
Exactly how much money and how?
But everything non senile legitimate President Joe Biden has touched has not turned to shit.
There is no incompetence and or failed policy.
Well, you finally got one right!
Then you go and blow that one right thing all to hell with that total BS claptrap.
I have to somewhat disagree with you there regarding the supposed setback to the Biden Administration from KING MAGAT not having in play a knowledgeable and professional Transition Team for the incoming President, Joe Biden.
Because you came in to pipe up without bringing anything to the table.
Also, I said the banks are failing because of what Dems have pushed, not Biden, so try and stick to reading fundamentals, or honesty, whichever failure you're having there. Further, it can be more than one contributing cause. I know that's super duper hard for a leftist like you to understand.
When banks get shit on by leftists and pressured to give unsafe investments then it's not just the banks. Same thing happened when leftist pressured banks to give housing loans out that they wouldn't have before and created the mortgage bubble that was full of toxic subprime mortgages. Pretty much a liberal should never touch anything related to economics. They are nearly always wrong, just like all the idiotic Keynesian economists are always wrong.
The general consensus is that the ARP contributed less than 2% to PCE. Even your guys, AEI, as the wacko macro outsiders say less than 3%.
You do understand that lower US bond yield is correlated to greater demand for said bond? People are moving to something more secure.
So what your saying is Biden is suppose to know every job in his cabinet and should have taken time to show the new people how to do it and what the last admin was doing?
2-3% is significant.
Oil prices increased from economic actions taken by us to get involved in the conflict.
Except when the Fed had to increase interest rates, making their investment in the previous bonds a money loss. Normally they are very safe.
tomorrow will become today....om.
another claim without merit, you again can't describe the level or the timing. Protip: WORLD oil prices are EXTREMELY sensitive to major military conflict, which is predicated on the initial belligerent. Putin caused the conflict, not Joe. This conflict began before Joe became POTUS.
Without merit, eh?
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www.reuters.com
