Because Biden

[Ivanhoe]

https://www.washingtonexaminer.com/opinion/beltway-confidential/3069813/bidens-latest-debate-excuse-cant-function-two-weeks-flying/
 

Quote

 

This is the post-debate spin Biden went with in a private fundraiser, telling donors that he “wasn’t very smart” because he “decided to travel around the world a couple of times … shortly before the debate.” White House press secretary Karine Jean-Pierre also used this excuse, coupling Biden’s foreign travel with his supposed “cold” as reasons he looked like an 81-year-old man during the debate.

Biden is referring to his trip to Europe for the anniversary of D-Day and the G7 summit. The problem with this is that Biden was back in Los Angeles for a fundraiser on June 15, 12 days before the debate, and was in Washington, D.C., on June 16, 11 days before the debate. Therefore, Biden’s excuse for performing poorly in the debate is that his foreign trip left him incompetent and tired for nearly two weeks, which is not exactly a glowing endorsement of his ability to serve as president.

Worse still, though, is that Biden was this tired after his foreign trip, which, again, apparently had him out of commission for two weeks, despite the fact that he took a weeklong vacation upon returning and called it debate preparation. Biden disappeared to Camp David for a week for a debate schedule that apparently didn’t start before 11 a.m. and reportedly included scheduled afternoon naps. That is how much that one foreign trip apparently took out of Biden.

 

 

[Detonable]

On 7/3/2024 at 8:19 AM, rmgill said:

Its a direct result of the dumping cash into the economy. Its the M1 money supply. 
 

 

What do you think directly affects the value of something? If a company offers a pile of stock, the stock value will drop. If the US government just prints a bunch of Benjamin's and dumps them into the economy, then the value of the dollar will drop. ie inflation rises. 
 

Did you not pay attention to the effects in Germany in the interwar years or Zimbabwe under Mugabe? 

   Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output...   Milton Friedman

 

  While the initial increase in the money supply was due to the federal reserve, the decrease in output, due to Biden's regulations, particularly on the oil industry, was also significant. Not only do most plastics and polymers come from the oil industry, but also fertilizer. Steel, glass, and concrete industries depended on cheap natural gas which went away. Now that oil refineries have had time to modify their plants, at least the price of fuel is coming down.

  Biden's "inflation reduction" spending was like a man who comes home and finds his house on fire and goes into the shed to get the can of gasoline to pour on the flames.

  Once inflation took hold, interest rates went up to a level that made home buying difficult. As a result, more people stayed in apartments, increasing their price. For the low-income Americans at the restaurant my wife works at, higher rent, higher gas costs to get to their two jobs, and higher food costs have been a burden that have really impacted their standard of living. For me, inflation has made my 2.6% mortgage I negotiated when inflation was less than 2% easy to pay, although I still have to pay more for fuel and food.

  

[JWB]

In related news:

 

[17thfabn]

Vice President Harris meant to call Biden the Figure Head President.

[Skywalkre]

On 7/3/2024 at 5:19 AM, rmgill said:

Its a direct result of the dumping cash into the economy. Its the M1 money supply. 
 

 

What do you think directly affects the value of something? If a company offers a pile of stock, the stock value will drop. If the US government just prints a bunch of Benjamin's and dumps them into the economy, then the value of the dollar will drop. ie inflation rises. 
 

Did you not pay attention to the effects in Germany in the interwar years or Zimbabwe under Mugabe? 

Huh... so when we look at a clearer graph going back to the start of '20 we get this:

Weird... how is Biden at fault for that massive spike that happened under Trump?  🤔

[Skywalkre]

On 7/3/2024 at 9:18 PM, Detonable said:

  The fantasy is in your head...

 

National Deficit | U.S. Treasury Fiscal Data

Your link clearly shows deficits going up under Trump, which is what I said, and highlights how it's comical that we were ready to start paying down debt like he claimed.  So... wtf were you trying to prove?

[Skywalkre]

On 7/3/2024 at 5:26 AM, 17thfabn said:

I heard Biden try and deliver a shot that 150 historians said Trump was the worst president in U.S. history. He delivered the line horribly. Then Trump used typical 8 year old debating tactics basically saying I'm rubber your glue, what you say bounces off me and sticks to you, you Biden are the worst. 

Trump does deserve his SHARE of blame for inflation. It can be argued that some of it was due to COVID spending. On the other hand Biden want to continue to pour more money into the economy fueling inflation.

In the same vein it is silly for Biden to talk about how bad the economy was at the end of Trump's administration. Not taking into account a once in a hundred years pandemic and its effect on the world wide and U.S. economies. 

About 99% of Trump's statements in the debate were either a) ignoring the subject at hand and just pivoting to something like immigration or b) stating he was the greatest POTUS ever, everything was great under him, Biden is the worst POTUS ever, Biden ruined everything.

As you mention Biden absolutely had some weak arguments that held no water.  Biden didn't do anything to bring the economy back, that happened naturally as things opened up again (just as it's silly for Trump to blame Biden for inflation when actions Trump made are partly responsible for that happening as outlined in the graphs above). 

Talking to my friends that are Liberal or voting against Trump they weren't so concerned about Biden's cognitive failings, after the first question he just had two more episodes lasting a few seconds where that seemed an issue, it was the fact he whiffed on softball pitches that Trump gave him and just had some extremely weak arguments.  For example, an early question was on abortion where Biden should have buried Trump.  Instead Trump just quickly swapped to talking about immigration (after spouting nonsense briefly)... and Biden went with it.  One of the lies Trump ran with in that opening (the 'post birth abortion' BS highlighted earlier) Biden didn't call out til near the end of the debate when Trump brought it up again.

It's just nonsense to think this debate showed Trump as capable.  As the post-debate polling showed neither candidate scored well in various ratings of capability/competence/whatever.  What's terrifying to Ds is that Biden was scoring lower than Trump... and that's saying something.

[17thfabn]

1 hour ago, Skywalkre said:

About 99% of Trump's statements in the debate were either a) ignoring the subject at hand and just pivoting to something like immigration or b) stating he was the greatest POTUS ever, everything was great under him, Biden is the worst POTUS ever, Biden ruined everything.

As you mention Biden absolutely had some weak arguments that held no water.  Biden didn't do anything to bring the economy back, that happened naturally as things opened up again (just as it's silly for Trump to blame Biden for inflation when actions Trump made are partly responsible for that happening as outlined in the graphs above). 

Talking to my friends that are Liberal or voting against Trump they weren't so concerned about Biden's cognitive failings, after the first question he just had two more episodes lasting a few seconds where that seemed an issue, it was the fact he whiffed on softball pitches that Trump gave him and just had some extremely weak arguments.  For example, an early question was on abortion where Biden should have buried Trump.  Instead Trump just quickly swapped to talking about immigration (after spouting nonsense briefly)... and Biden went with it.  One of the lies Trump ran with in that opening (the 'post birth abortion' BS highlighted earlier) Biden didn't call out til near the end of the debate when Trump brought it up again.

It's just nonsense to think this debate showed Trump as capable.  As the post-debate polling showed neither candidate scored well in various ratings of capability/competence/whatever.  What's terrifying to Ds is that Biden was scoring lower than Trump... and that's saying something.

What was billed as a debate wasn't in fact a debate.

The moderators asked questions.

The "debaters" answered the question if they wanted to. Or talked about what ever they wanted. 

And a week latter most people don't remember that Trump dodged and weaved. They remember that Trump was less immature / crude / rude than in the past. And that Biden several times  looked  physically horrible.

There was talk that the bar was set to low for Biden. I think it was also set low for Trump. By being less "Trumpy" he looked good.

[Skywalkre]

59 minutes ago, 17thfabn said:

What was billed as a debate wasn't in fact a debate.

The moderators asked questions.

The "debaters" answered the question if they wanted to. Or talked about what ever they wanted. 

And a week latter most people don't remember that Trump dodged and weaved. They remember that Trump was less immature / crude / rude than in the past. And that Biden several times  looked  physically horrible.

There was talk that the bar was set to low for Biden. I think it was also set low for Trump. By being less "Trumpy" he looked good [to his supporters].

I made one slight change in brackets at the end.  Besides that you summed it up well.

[17thfabn]

1 hour ago, Skywalkre said:

I made one slight change in brackets at the end.  Besides that you summed it up well.

Skywalker's change:

There was talk that the bar was set to low for Biden. I think it was also set low for Trump. By being less "Trumpy" he looked good  [to his supporters].

 

It is not important how he looks to his supporters.

It is not important how he looks to hard core Democrats.

What is important is how Trump and Biden looked to the truly undecided / persuadable voter. By that metric Trump came out ahead. 

 

[Detonable]

4 hours ago, Skywalkre said:

Your link clearly shows deficits going up under Trump, which is what I said, and highlights how it's comical that we were ready to start paying down debt like he claimed.  So... wtf were you trying to prove?

  It obviously shows the Biden deficits were higher, contrary to what you claimed.

[Detonable]

4 hours ago, Skywalkre said:

Huh... so when we look at a clearer graph going back to the start of '20 we get this:

Weird... how is Biden at fault for that massive spike that happened under Trump?  🤔

  The response to the Corona Virus is the cause for the spike when Trump was president.  Your graph is a poor depiction of the money supply . A better depiction is here.

Calafia Beach Pundit (scottgrannis.blogspot.com)

 

[Detonable]

4 hours ago, Skywalkre said:

Huh... so when we look at a clearer graph going back to the start of '20 we get this:

Weird... how is Biden at fault for that massive spike that happened under Trump?  🤔

  The Federal Reserve is responsible for the spike in the money supply when the virus hit. They were slow to rein in the money supply after the economy started to recover, starting an increase in inflation. This isn't Joe Biden's fault in any way.

  The component of inflation from increased government spending and decreased industrial production was Biden's fault.

  Inflation was 1.4% in Trump's last year and has been 7, 6.5, 3.4, and 3.3% by some calculations [Current US Inflation Rates: 2000-2024 (usinflationcalculator.com)] in Biden's presidency.

[rmgill]

6 hours ago, Skywalkre said:

Huh... so when we look at a clearer graph going back to the start of '20 we get this:

Weird... how is Biden at fault for that massive spike that happened under Trump?  🤔

Dis you miss Yellin saying the inflation was transitory? 
 

Inflation is a direct result of money added to the economy. Yes the injections of cash during the pandemic were an initial cause. But that if done alone would have created a bump. Instead we got repeated dumping of Us dollars based on just printing more money. 
 

What do YOU think affects the value of something like paper or electronic  money other than an increasing supply of the money? 
 

The Various cash projects like the Inflation Reduction act are Biden’s fault. The current state of the economy is Biden’s fault. He’s had enough time to solve anything that might have been caused previously. He’s been campaigning as if it was 2020 and not 2024. 

[JWB]

[JWB]

 

[JWB]

 

[DKTanker]

1 hour ago, JWB said:

 

Mr. Biden, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

[glenn239]

17 hours ago, Skywalkre said:

Your link clearly shows deficits going up under Trump, which is what I said, and highlights how it's comical that we were ready to start paying down debt like he claimed.  So... wtf were you trying to prove?

The projected deficit for 2024 is 1.9 trillion, or about 7% of national GDP.  The last Trump year before Covid (2019), the deficit was 1 trillion, this even a level not seen since the 2008-2012 period.

[Stuart Galbraith]

Whats that adjusted for inflation?

[glenn239]

5 minutes ago, Stuart Galbraith said:

Whats that adjusted for inflation?

US national GDP in 2019 was 21.43 trillion, so the deficit of 1 trillion was 4.6% of national GDP.  Still way too high, but not 7% either.  I think the general pattern is an acceleration of deficit to GDP under administrations on either side, but Biden's stats are particularly bad.

Edited July 6, 2024 by glenn239

[Ivanhoe]

[Ivanhoe]

[lucklucky]

 

[Ssnake]

Don't understand the outrage. That's exactly how it was done under Reagan. There simply were no unprepared interviews with him, at all.