What would you have had Biden do to lower prices?
The economy
- Thread starter Rastafarian
- Start date
The same thing Trump did. Lower energy prices.
You can see in tbe CPI, energy had the most impact on the inflation number.
It’s why inflation came down, even when Trump implemented his tariffs.
Democrats green energy policies are highly inflationary. Remember how Dems flushed the strategic petroleum reserves right before the election? Because Biden admin knew it was inoortant to bring prices down, they just couldn’t get it done.
Trump came in, got energy prices down and sent inflation lower almost immediately. Look at the chart of inflation and you will see.
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hard to argue...gas prices were under $3 pre war...war has caused prices to increase now north of $3.35 (in my area)...so given that we are now pumping more, you might assume that if war ends and Iran get back to normal, it stands to reason that prices will come back to pre war...it might take some time to get the supply chains back to normal though.
Oil trading down $7 to ~$95 a barrel on news that Iran and USA may draw a close to the war.
Let’s see if it sticks
Let’s see if it sticks
Where are you that gas is $3.35/gal?
I don't think gas prices get below $3.00 before the election. Refineries slowed/stopped and it will take time to ramp up. I also think shippers and insurance companies will remain weary of transport through the straits. Alternate more expensive transit routes and higher insurance premiums will keep gas prices higher for some time. I think we'll be lucky to have gas below $3.50 by summer. JMO.
I was shocked to see that the price of gas has exponentially jumped to $4.29 a gallon overnight where I live and of course it's right before I'm driving to Boone NC tomorrow for my nephew's graduation.
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Misprint....fingers worked faster than brain...$4.35 this morning but coming back from golf, same station $4.59.
Sorry, my mistake.
I have not seen proof that Trump lowered energy prices.
when Biden took over in Jan of 21, prices had already risen from $1.94 to $2.42. That peaked at $5.02 in June of 22. I’ll assign some of that to Biden but lowering prices on day 1 is not possible. First you need to get the policy approved and then implemented. Then it needs to impact that market. That takes at least a year.
From June 22, Biden decreased gas prices from the $5.02/gal average to $3.20. Trump did temporarily get that down to $2.94 but it is now near $5.
None of this supports that Biden has been the cause of inflation and all of it supports that Trump is causing more inflation.
you know. I agree 100% with your statement that "lowering prices on day 1 is not possible". I've been trying to tell everyone exactly that when people complained that Trump didn't lower food prices on day 1 of his presidency..
It should be clear that fuel prices today are a direct reflection of the war in Iran. And, fuel prices directly impact just about every facet of American industry/life. The proof will be if this is a blip, as trump says, or whether we are in a more permanent situation. I'm pretty sure we'll revisit this question at some point in the future
I don't think anybody reasonable actually expected that to happen. People mocking Trump and MAGA voters because he HASN'T been able to do exactly what he campaigned on (and literally said he would do multiple times) is just good ole fashioned fun.
Exactly. Trump campaigned on it and 50million people believed that obvious lie. Biden never stated he would lower them on day 1. Trump did. If you say you are going to do something, then expect to be held accountable.
we could go back and forth on this forever. We knew for a fact that it was impossible to stop inflation on day 1 and end the war in Ukraine on same day. Getting upset that I'd didn't happen when you knew it wouldn't sees a little crazy to me
You really love excusing bad behavior. Your gripe should be with the politician who campaigned on false promises, not the people who actually want to hold him accountable for what he said.
You're confusing dems being upset about it with dems making fun of Trump and MAGA for missing his stated mark.
Nah. Just look at the post right above yours. He is upset. You may not be upset, but many are.
The point wasn’t that a politician is telling lies. The point is that some feel like we shouldn’t hold politicians accountable for what they say.
If we held them accountable, perhaps they would stop lying so much.
Meh, I haven't seen anything from him that resembles frustration/anger about it. I could be wrong, but he seems more interested in pointing out the lies of the administration, and the lack of MAGA voters who are upset about being fed lies during the election process.
Oh i agree we should hold them all accountable.
But no one is going to listen to you if you are somehow suggesting Trumps lies are better or worse than some other politicians lies. Biden lied a billion times, but i don't see any posts about your concerns in your post history. Why did you not care when democrats were in charge?
There is a lack of people concerned because there was no concern when your party was in charge. No one believes it is a genuine concern because if it were, they would have spoken up when Biden lied. And, you know, when he had dementia. But no one spoke up. In fact, they actively hid it. It was one big lie.
Very rich complaint coming from the left.
I guess it depends on the definition of bad behavior. I'm smart enough to know that what politicians say oftentimes is absolutely beyond their power to deliver.
There's a Senate candidate who's platform is Medicare for all - which he can't deliver, housing affordability - which he can't deliver. Other candidates are going to lower grocery prices, make healthcare available for all, you name it...none of which they are able to deliver. Bernie Sanders has been taxing the rich for, what, 30 years, how has that been doing?
Spanberger in Virginia???
But in your mind it's only trump who is the bad actor. False promises start with the class president in 8th grade who promises free soda....
Reasonable people will care that Trump's lies were, are, and will be, not only more numerous, but also more self-serving and nefarious.
It's basically like comparing an Italian mom slapping her kid on the back of the head for doing something bad, and a mom stabbing her kid to death and then dismembering the body and saying "samesies ... until you admit both were physically violent, we won't listen to you."
LOL
fatpiggy: Biden never speaks on mic, he is being hidden from us!
Also fatpiggy: Biden lied a billion times when he was president.
Piggy : you didn't say nothin when Biden said his uncle may have been eaten by cannibals or when he said he used to drive an 18 wheeler
Also Piggy: Trump's 40,000 lies including the Biggest Lie of all time are no different.
There's a HUGE difference between promising something, and then not delivering when you're in a position to do so ... and campaigning on what you stand for and what you're going to attempt to do. You are purposefully conflating the two. A Senator, for example, can't do anything on his own. So, if he says, on day 1, that he will get taxes lowered for everyone ... he's an outright liar. It's not going to happen. If he says, I plan to work for you, starting on day 1, to convince the rest of Congress to lower your taxes ... it's what's needed ... I will fight for you and it's the most important thing I'll do. He could completely fail at obtaining lower taxes, but that's not an outright lie (unless he actually did absolutely nothing toward achieving this goal).
There's a huge difference between outright lies and failure to achieve goals, despite good faith efforts.
So, you know, when Trump makes "no new wars" one of the pillars of his campaign ... and then he goes ahead and pushes us into a war, unilaterally ... that's beyond effed up. That would be roughly equivalent, not to a Senator campaigning on Medicare for all and then not succeeding in convincing other Senators to vote for it ... but, instead, seeing that Senator spearhead legislation to eliminate Medicare entirely, and replace it with nothing.
I know your favorite pastime is trying to equivocate to excuse/rationalize your Fuhrer's words and actions, no matter how unreasonable and sad those attempts may be ... but even knowing that this is what you do, you're REALLY pushing it here.
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There's a lack of people concerned because no one gives a **** when their party is in charge. RWers were all dementia experts and health experts when Biden was in charge, but now that Trump is in office you're all clueless. Dude goes on and on bragging about acing dementia tests as if its some major accomplishment and you guys just grin and nod along.
Remind me again what Biden promised to do that he didn’t? And I’m not a fan of the guy but he was nothing like pedo protector.
from Wikipedia:
His 2020 campaign positions included codifying Roe v. Wade into statute, creating a public option for health insurance, decriminalizing recreational cannabis, passing the Equality Act, providing tuition-free community college, and passing a $1.7 trillion climate plan embracing the framework of the Green New Deal. Biden supported regulation of fracking as opposed to a complete ban on the practice.
The thing is the RWers werent all experts, but we still all could see that Biden had dementia.
My mother in law is in hospice with dementia. I know what it looks like. Joe Biden has dementia. Trump does not. The Rwers were right in that respect.
just came across this...someone asked what Biden admin did relative to oil and gas:
exploration, primarily focusing on federal lands and waters. Key actions include pausing new oil and gas leasing on federal land, canceling ANWR drilling leases, revoking the Keystone XL pipeline permit, and implementing strict methane emissions regulations. These policies aimed to transition away from fossil fuels. [1, 2, 3, 4, 5]
- Federal Leasing Pause: In January 2021, a moratorium was placed on new oil and gas leasing on federal onshore lands and offshore waters.
- Arctic Drilling Restrictions: The administration cancelled leases in the Arctic National Wildlife Refuge (ANWR) and restricted drilling on millions of acres in the National Petroleum Reserve in Alaska.
- Offshore Drilling Bans: In early 2025, the administration banned new offshore oil and gas leasing across 625 million acres, including the Atlantic and Pacific coasts.
- Pipeline Permits: On his first day in office, President Biden revoked the permit for the Keystone XL pipeline, stopping its construction.
- Regulatory Actions: The EPA proposed rules to implement a methane emissions fee, increasing costs for oil and gas production. Additionally, the administration restored the "social cost of carbon" metric, which increases regulatory costs for new projects.
- Land Use Protection: Large areas of federal land were designated as national monuments or protected, restricting future energy exploration. [1, 2, 3, 4, 5, 6, 7, 8, 9]
just a data point, talking about the economy...in Orlando, we just had the highest take of Tourist taxes in history..a 6.8% increase year over year. So while things might be tight, People are still travelling and spending money
I agree 100%.
I can't help but to believe that part of the problem with housing is that the fed kept interest rates artificially low for so long. My kids have mortgages around 2.5% so obviously they don't want to sell.
I agree that we don't have a huge jobs problem. There are obviously exceptions in certain professions but continuing jobless claims are historically low and the unemployment rate is only about 4.2%. The bigger concern is affordability which has been a growing problem for decades. I think a lot of that is due to higher paid manufacturing jobs going offshore to low cost countries. Today there are fewer jobs that require working with your body and more jobs that require working with your head. We've done a horrible job lifting the lower academic achievers into the latter category.
I agree that the economy has slowed a bit. Some of that is because a lot of stimulus programs like the American recovery act and inflation reduction act have largely run their course. We could do more stimulus projects but that would add to an already unsustainable deficit.
The Biden administration also spent a huge amount of money. The American rescue plan, infrastructure investment act, chips and science act, and inflation reduction act all provide a stimulus to the economy but the associated demand caused lots of inflation. Those don't even include things like student loan and rent forgiveness.
JOBS NUMBER CRUSH EXPECTATIONS! - The April jobs report just dropped - and it’s another solid win. 115,000 new jobs added - crushing expectations. Unemployment steady. Economy still growing under Trump. Remember when they told us tariffs would destroy the economy? Remember when they said Trump’s policies would cause a recession Yeah… about that. The American worker is winning again. Businesses are hiring. Wages are rising. And the doomers were wrong - again. This is what real economic momentum looks like.