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All Stock Market Gains Erased Since Biden Took Office
#1
The train wreck that is the Joe Biden presidency continues. I don't think that this country is going to take much more of the pain that Biden and his liberal coconspirators are dishing out before members of the Democrat Party start stampeding to their county courthouses to change their party registration. 

Biden and his loony left wing agenda has not just cost American companies more than $9 trillion in value from the market's peak value, they are costing retirees and anybody who has a retirement fund a big chunk of their savings.

The best thing that Biden and his supporters can do at this point is to apologize and give somebody competent a shot at stopping the rapid decline of American economic security. But that would require a measure of patriotism that this gang just does not possess. If you want to know what Democrats have planned for the next three years, crack open a history book and read what measures Nixon, Ford, and Carter took. The last thing that we can expect is for them to acknowledge their mistakes and plot a new course.

Quote:All Stock Market Gains Erased Since Biden Took Office

The stock market has lost all the gains it made since President Joe Biden was sworn into office, according to recent data reported by Fortune on Monday.

The S&P 500 took a sharp downturn, closing on Monday 151 points below where it was in January of 2021. The other two major indexes, the Dow Jones Industrial Average and Nasdaq Composite fell by 876 points and 530 points respectively, both below where they were when Biden took office.

Cryptocurrency has also taken a hit. Bitcoin lost 15% of its value, and Ethereum lost 16%, according to Fortune.
Remember when somebody predicted the soaring price of gasoline if Joe Biden was elected?
If not, then here is a refresher.

[Video: ]
#2
The Biden recession will become the Biden depression if this fool remains in office much longer.

Quote:Global markets shudder as investors see fight against inflation raising recession risks.

[color=var(--color-content-secondary,#363636)]Global markets sank on Thursday, in many cases giving up gains from the day before, as investors got to grips with moves by policymakers to rein in inflation by raising interest rates, and the effects that steeper borrowing costs could have on economic growth.[/color]

[color=var(--color-content-secondary,#363636)]Futures on Wall Street suggested that stocks would fall when markets open, with the S&P 500 set to drop 2.3 percent. That would more than reverse [color=var(--color-signal-editorial,#326891)]the rise on Wednesday[/color], when the market rallied after the Federal Reserve announced its [color=var(--color-signal-editorial,#326891)]largest rate increase in decades[/color], a sign that it was prepared to inflict some economic pain to get prices under control.[/color]
[color=var(--color-content-secondary,#363636)] Wednesday’s rise broke a streak of five daily losses, but U.S. stocks appear poised to resume their decline, slipping further [color=var(--color-signal-editorial,#326891)]into a bear market[/color].[/color]

[color=var(--color-content-secondary,#363636)]Jerome H. Powell, the Fed chair, stressed that inducing a recession was not part of the plan, but economists are skeptical. Analysts at Bank of America said the Fed was forecasting an “implausibly soft landing” for the economy, while their counterparts at Deutsche Bank called the central bank “overly optimistic” in its thinking that it can tame inflation without causing a recession.[/color]
Remember when somebody predicted the soaring price of gasoline if Joe Biden was elected?
If not, then here is a refresher.

[Video: ]
#3
The Obama administration 2.0 fudges numbers because they believe people are too stupid to think for themselves. And I will agree, for those who depend on government for their livelihoods, whatever the government says suits them just fine. But for the rest of us, take the 8 percent inflation rate they talk about for example. On election day 2020 gas here was $1.86 a gallon and that was because government enforced moratoriums against gasoline and natural gas production did not exist. Now it's over 5 dollars. That my friend is more than any 8% inflation.

Same with groceries which, for many items have tripled. Same with electrical costs and natural gas.
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#4
(06-16-2022, 08:57 AM)TheRealThing Wrote: The Obama administration 2.0 fudges numbers because they believe people are too stupid to think for themselves. And I will agree, for those who depend on government for their livelihoods, whatever the government says suits them just fine. But for the rest of us, take the 8 percent inflation rate they talk about for example. On election day 2020 gas here was $1.86 a gallon and that was because government enforced moratoriums against gasoline and natural gas production did not exist. Now it's over 5 dollars. That my friend is more than any 8% inflation.

Same with groceries which, for many items have tripled. Same with electrical costs and natural gas.
I agree with everything you said except for the part about for those depending on the government for their livelihoods being content with whatever the government says. The high inflation rate means that the small increase in the defense budget was actually a huge cut in spending. As a federal contractor or anybody else who believes that national security is an important fundamental for any nation, that is very bad news. Not only has Biden slashed military funding, he has increased the portion of the funding earmarked for social engineering and transitioning to renewable resources.
Remember when somebody predicted the soaring price of gasoline if Joe Biden was elected?
If not, then here is a refresher.

[Video: ]
#5
FAKE NEWS
#6
(07-25-2022, 02:28 PM)RAM-A-DEVIL Wrote: FAKE NEWS
You have posted the only false information in this thread. The Dow Jones average was lower when this thread was created than it was when Biden took office and the average is lower now than when he took office. Biden has been a disaster for this country. He is unfit for office and he was unfit for office when you voted for him. You should apologize for your long lapse in judgment.
Remember when somebody predicted the soaring price of gasoline if Joe Biden was elected?
If not, then here is a refresher.

[Video: ]

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