Biden says there's nothing he can do to bring down gas or food prices in the near term...

seminole97

HR Legend
Jun 14, 2005
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He/they have the "misfortune" of being in power during a inflationary period,

Do you think it’s like having the misfortune of being king during a comet? That it’s written in the stars, and beyond political action instead of the result of political action.

that's not all that popular either, and thus are held as responsible by people like the OP.
Not held responsible because inflation is unpopular. Held responsible because they advocated and passed measures that were inflationary. They’re responsible for the outcomes of their policies. Biden was in favor of all the Pelosi-Schumer-Trump spending that came with the rescinding of the debt ceiling. Biden’s only been calling for higher and higher spending levels.


Crafting a budget to slash deficits on a ten year horizon, wouldn't "fix" inflation now and it wouldn't benefit them now, or likely in the future when you consider the short term memory of the populace.
You’re mistaken on the time horizons for substantial price expectation changes in the market.
 

ThorneStockton

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Oct 2, 2009
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Do you think it’s like having the misfortune of being king during a comet? That it’s written in the stars, and beyond political action instead of the result of political action.


Not held responsible because inflation is unpopular. Held responsible because they advocated and passed measures that were inflationary. They’re responsible for the outcomes of their policies. Biden was in favor of all the Pelosi-Schumer-Trump spending that came with the rescinding of the debt ceiling. Biden’s only been calling for higher and higher spending levels.



You’re mistaken on the time horizons for substantial price expectation changes in the market.

No, you're mistaken!
 

abby97

HR All-American
Sep 16, 2010
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There are valid reasons for the oil reserve, and that doesn’t impact the market directly. Closing the Keystone XL pipeline - which hadn’t even started construction, had zero impact on the supply. There are hundreds if not thousands of wells in the US oil companies could start to develop tomorrow if they wanted that they already have permits for.
Please just keep your mouth shut. Everything you say shows your complete ignorance as it relates to market forces and the commodity market.
 
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1inamillion

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So you got nothing new to add. Thanks douchebag.
When you deny the obvious bs policies that most of the people in this country see, you obviously enjoy tasting his crap. Look the polls and smell the coffee.
 

srams21

HR Legend
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It's always, "but TRUMP" with you people....
I'm just pointing out why Biden won. He's not exactly a great President but he's at least honest about the situation. Truth is there is NO president who could do much about inflation. If you don't understand that, then you don't understand the role the President plays in economics.
 
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The Tradition

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I'm just pointing out why Biden won. He's not exactly a great President but he's at least honest about the situation. Truth is there is NO president who could do much about inflation. If you don't understand that, then you don't understand the role the President plays in economics.

Biden has signed trillions of new government spending into law, and wanted much, much more with BBB.

Just stop.
 
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Aardvark86

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Jan 23, 2018
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So if I get this right, he can’t be blamed for the cause, and he can’t be blamed for the lack of a solution. That’s a pretty cool gig if you can get it.
 
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1inamillion

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So, you have nothing. The one who is stupid is quite obvious v
Solution is to vote dems out and get back to encouging people to work rather printing money for build back be. Remove regulations and encourage energy independence. If can't see this , you are blind. Most voters see this. Simple.
 
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globalhawk

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Canadian fossil fuels now have to travel to the world market by truck, rail and tanker ships, which is terrible for the climate and greatly increases the chance of environmentally damaging spills.
You do understand that Canada doesn't allow the tar sand oil to be transported within their own country. Canada also has a pipeline to Vancouver that could handle this. The XL is an extension that will bring dirty oil to USA refineries on the Gulf that need to be refined 3X more than normal and will be shipped to China.
 

globalhawk

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Canadian fossil fuels now have to travel to the world market by truck, rail and tanker ships, which is terrible for the climate and greatly increases the chance of environmentally damaging spills.

major-cer-regulated-oil-pipelines.png
 
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NCHawk5

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Pay for things as we use them. Maybe? Asking too much? (Worked for Bill Clinton, if you’re looking for a recipe of success.)
Clinton would be excellent. His presidency was more in line with my politics than any current R or D in Washington.
 
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sober_teacher

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Please just keep your mouth shut. Everything you say shows your complete ignorance as it relates to market forces and the commodity market.
I don’t pretend to be an expert at economic. I do however, know enough to comprehend that this isn’t nearly as simple as you and others would like it to be.
 
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FAUlty Gator

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This.

What exactly is he supposed to do? The FED will continue to raise rates and inflation will slowly come down.
Maybe acknowledge it’s happening? Maybe not telling people that high gas prices is an “upper class issue”. Maybe go back to acting like you give a shot about the working class?

Most people just want their leaders to admit shit ain’t great and they’re working on it.

Biden is passing the buck on this as much as Trump ever did with anything. And he sucked bad for that.
 

The Tradition

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Maybe acknowledge it’s happening? Maybe not telling people that high gas prices is an “upper class issue”. Maybe go back to acting like you give a shot about the working class?

Most people just want their leaders to admit shit ain’t great and they’re working on it.

Biden is passing the buck on this as much as Trump ever did with anything. And he sucked bad for that.

My problem is the bullshit about child care and drug prices. That doesn't fix the problem and he's not going to do anything about those issues either.
 

mooresville hawk

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Feb 4, 2004
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If Trump were President right now and gas prices were as they are now, what would liberals be saying about him in regard to him? Please don't answer if you're liberal, because the game works the same, on both sides, every damn time.

I do agree that Trump or any other Republican President would be getting the blame as well. That does not mean it is accurate though. The President always gets too much credit and/or blame for what happens with the economy.
 

biggreydogs

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Oct 2, 2001
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CNN — President Joe Biden said Wednesday there is little he can do to lower the cost of gasoline or food in the immediate term, an acknowledgment that prices for those goods will remain high as he works to bring down other costs incurred by families.

"There's a lot going on right now but the idea we're going to be able to click a switch, bring down the cost of gasoline, is not likely in the near term. Nor is it with regard to food," Biden said at the White House, where he was holding an event on the infant formula shortage.

Biden and his team are seeking to place heavy emphasis on the economy in the coming weeks as the President looks to demonstrate his commitment to reining in inflation, even as he says there's not much he can do. The President has tasked his aides with improving the administration's messaging as he watches his approval ratings sink.

His plan has centered on allowing the Federal Reserve the necessary independence to combat inflation through monetary policy.

But Biden conceded there was little he could do alone to bring down the highest profile cost spikes.

"We can't take immediate action that I'm aware of yet to figure out how we're bringing down the prices of gasoline back to $3 a gallon. And we can't do that immediately with regard to food prices either," he said.

He pointed to the Russian invasion of Ukraine, and the ensuing effect on energy and grain, as the culprit.

"We're in a situation where because of a war in Ukraine, gas prices and food prices are extremely high," he said.

"For example, we got millions of tons of wheat that is not able to get out and get to market. It's causing everything from a loaf of bread to cost so much money, to food shortages all across the world," he said. "And so we're trying to work through a war, we're trying to work through how we can get that harbor opened. And get the, you know, tens of thousands of tons of grain that are there."

"The same with gasoline," he went on. "We have the issue that is occurring now, you have Europe deciding they're going to further curtail the purchase of Russian oil and there's a whole lot of consideration going on about what can be done to maybe even purchase the oil even at a limited price so that it has to be sold, overwhelming need for the Russians to sell it, and it would be sold at a significantly lower price than the market is generating now."

Biden said instead of direct action to bring down gas or food prices, he was looking to ease financial burden in other areas, like drugs and child care.

"But we can compensate by providing for other necessary costs for families by bringing those down. That reduces the inflation for that family," he said.


He said he would discuss the issue further on Thursday.



Don't forget student loans, Joe!

Why is he able to take direct action there, or with child care, or with drug prices, but not something that helps everyone?

LOL, what a windbag.
 

timinatoria

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California’s high fuel prices are partly because of taxes as well as regulatory programs aimed at reducing greenhouse gas emissions. Together, they added about $1.27 to the cost of a gallon of gas last month, according to a calculation by the Western States Petroleum Association.

About 40 percent of that cost comes from the state’s gasoline tax. California taxes fuel at 51.1 cents per gallon, the second-highest amount in the nation after Pennsylvania, according to the Federation of Tax Administrators.

https://www.nytimes.com/2022/03/09/us/california-high-gas-prices.html