You Know the Economy Is Trash When the Biden White House Is Doing This Up on the Hill
Matt Vespa
Jun 15, 2022 12:45 PM

It's open mic night on the Hill this Thursday. That can only explain what's going to be held there because it's comedy hour. Peel away the layers of this onion, and it's a stand-up routine. It also shows that Democrats and the Biden White House know they're in trouble. The 2022 midterms could be a death blow to everything Biden wants to do, which is good and bad. The good is that we can kill every initiative this idiot wants to get passed. The bad news is that Joe Biden is still president. It will stop the bleeding at least. My dream is that we clinch a veto-proof majority in the House and retake the Senate, making this old geezer more of a caretaker president.

To blunt incoming losses across the board, Biden's communications team is heading to the Hill Thursday to give a seminar of sorts on how to message about the economy properly. What does that even mean? How can you spin high gas prices? How can you spin high inflation? How can you spin anemic jobs growth? You can't. This will be an epic gaslighting operation that will pin all the blame on Russia when every American family knows the spike in prices began well before the Ukraine war.

Fox Confirms 3 WH officials will be heading to the hill on Thursday to discuss "messaging on the economy" with the full House Dem Caucus. The meeting is focused on "message strategy on the economy, fighting inflation and reducing costs for the American people", per @kellyfphares

- Pat Ward (@WardDPatrick) June 14, 2022
The 3 WH Officials: @WHCommsDir, Mike Donilon and @jomalleydillon

- Pat Ward (@WardDPatrick) June 14, 2022
In Biden's America, you can't find baby formula for your kids. In Biden's America, there is no energy strategy other than to make it more expensive. This man delivered a speech to the AFL-CIO yesterday. The Democratic Party doesn't know working people. It's all urban-based professionals who can afford multiple electric cars, shop at Whole Foods daily, take Soul Cycle classes, and think a supply chain crisis means no avocados at the market. They don't have kids. They don't know any of the real problems facing most of the country. It's a bubble. And because these people donate tons of money in 2020, they're in the driver's seat of the agenda-setting here. They totally buy into the 'Putin's price hike' narrative, they still think Russia colluded in 2016, they think Biden is a good president, and they mock those who can't afford electric cars or baby formula because that's who modern American liberals are at their core: rotten. They're snobs. They hate you. And they're not relatable on any platform. Remember, if you disagree with them on anything, you're a Nazi. The Democrats are about to be a regional, coastal, and elitist party. You can't win long-term with that type of political base, especially in our system that favors geographic diversity.

The lies are going to be breathtaking, and the more bumbling applesauce brains is out there trying to say all is well - the better our chances are for 2022 and 2024.

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Posted for reference only

MarketWatch

'The economy is going to collapse,' says Wall Street veteran Novogratz. 'We are going to go into a really fast recession.'

Mark DeCambre
Wed, June 15, 2022, 5:36 PM

Veteran investor and bitcoin bull Michael Novogratz doesn't have a rosy outlook on the economy, as the Fed delivered an unusually aggressive rate increase.

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Dora Hates You

Hmmmmmmm, , , , , , I know this guy, , , , ,

He has a MBA and a Phd in "economics/finance" etc.

He's worried about the very real possibility of a strong recession. He's pretty sure that when the Bubble Bursts the US will be in pretty sad shape, , , , , , BUT.

Most of the rest of the World may actually Shit The Bed.

The US "bailed" out its banks back in 2008 and they are in pretty good shape BUT. Back in 2008 the Europeans generally did nothing to help or otherwise "correct" their banks. Their current Assets to Equity Ratios STINK. "In December, Europe ECB picked up $6 Trillion in debt from Regional Banks and already it has lost $1.4 Trillion in Value. This is 11X ECBs Capital Account. And the fun has just started."

Thoughts?

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Dora Hates You

Business Insider

The stock market's nightmare scenario of a 50% drop is now more likely after the 'stubborn' Fed's biggest rate hike in decades, hedge-fund strategist says
Matthew Fox

Sat, June 18, 2022, 8:30 AM
Fed Chair Jerome Powell

A "stubborn" Federal Reserve has increased the likelihood of a prolonged recession, according to Axonic Capital's Peter Cecchini.

That's because the Fed could cause economic whiplash that leads it to cutting interest rates sooner than expected.

"The 1970's drawdown scenario of almost 50% for the S&P 500 is becoming all the more likely," Cecchini said.

The Federal Reserve's decision to hike interest rates by 75 basis points this week only increases the chances of a prolonged economic recession and a deep sell-off in the stock market, according to Axonic Capital's Peter Cecchini.

That's because the Fed is just now getting aggressive in tightening financial conditions as data begins to show a slow-down in inflation. That scenario can cause significant policy whiplash that leads to economic hardship for millions, according to Cecchini.


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Dora Hates You