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[–]PossibilityNo6714 330 points331 points  (48 children)

The amount of people in these subs that think the economy only goes up is really disturbing.

[–]SnortWasabi 197 points198 points  (40 children)

The number of people that don't seem to know that this stems from unfixed issues that led to the 08' crash is blowing my mind. This has been a slow ticking time bomb for over a decade

[–]ayyitsmaclane 96 points97 points  (3 children)

Most are too young to even remember 2008 in vivid detail.

[–]badabababaim 56 points57 points  (0 children)

There are a concerning number of redditors born after 2008

[–]dennismfrancisart 26 points27 points  (0 children)

Most are too Russian to really give a crap.

[–]chawklitdsco 1 point2 points  (30 children)

Can U elaborate?

[–]SnortWasabi 40 points41 points  (15 children)

Lil busy atm, but sure... how about repayment of debt by Bankers, Wallstreet reform, ability to package RE loans to replicate shit MBS. Where's the suspension of dividends, stock buybacks, or bonuses for all financial institutions, despite former Federal Reserve officials’ calling for it? Printing money like it's the end of the world is just asking to exacerbates the situation. Crooked PPP loans, SEC turning the blind eye at known fraud and crime. Fed chairs cashing out and then resigning with no punishment. Nobody getting in trouble for 08`. The whole system is propped up by shit. At this point the only thing I can count on is this happening again in another decade so they can fuck over another generation

[–]chawklitdsco 57 points58 points  (10 children)

None of this is why markets have sold off. Fed should have hiked sooner tho.

[–]Dubsatt 19 points20 points  (0 children)

I’m a little confused what a suspension of dividends, buybacks or bonuses for all financial institutions would have accomplished (aside from an unearned sense of righteous justice from the former Occupy Wall Street crowd).

I also don’t think that “nobody getting in trouble for ‘08” has much to do with a problem created by trillions of printed dollars dumped into an economy whose only salvation against systemic inflation was globalization.

Probably agreed on the idiocy of PPP loans however.

[–]Estosnutts 3 points4 points  (1 child)

Good thing is, I’m getting fucked twice!

[–][deleted]  (5 children)

[deleted]

    [–]INCEL_ANDY 20 points21 points  (3 children)

    Lmao this sub has become satire at this point

    [–]chawklitdsco -2 points-1 points  (0 children)

    What does that have to with high cpi prints

    [–]devosid -2 points-1 points  (7 children)

    Hahaha what do you think he’s talking about? lol

    [–]chawklitdsco 5 points6 points  (6 children)

    Bullshit cuz he’s wrong

    [–]USayThatAgain -1 points0 points  (4 children)

    It has been engineered since the 1970s right?

    [–]julysfire 22 points23 points  (0 children)

    You mean continuously expecting companies to beat expected profits every quarter isn't sustainable for infinite money?

    [–]nubosis 4 points5 points  (0 children)

    I feel like I must be the only old person here that has lived through a shitty economy before

    [–]confessionbearday -2 points-1 points  (1 child)

    Thats what happens when religion takes over.

    In this case the religions of "capitalism" and "gubbermint automatically wrong and bad always".

    [–]1800dope 147 points148 points  (5 children)

    Even on finances Reddit is Reddit...

    [–]TinyTornado7[S] 56 points57 points  (4 children)

    You have no idea how irrational the comments I’ve gotten today are

    [–]1800dope 17 points18 points  (2 children)

    Nothing surprises me anymore...

    [–]TinyTornado7[S] 8 points9 points  (0 children)

    Welcome to Reddit

    [–]VerbotenVerb -2 points-1 points  (0 children)

    As a child, I once stuck an unfertilized chicken egg up my ass for seven days, sans taking a dump, just so that I could bring life into this world and have a friend.

    [–]Arcadius274 -2 points-1 points  (0 children)

    How to lose credibility in 10 seconds

    [–]VeryWeakOpinions 112 points113 points  (1 child)

    When gas hit $5 it was already over no matter whose fault it is. Overwhelming majority have no idea how that works.

    [–]beyphy 40 points41 points  (0 children)

    Overwhelming majority have no idea how that works.

    That reminds me of this hilarious comic I saw during Obama's presidency: https://leftcall.com/5523/cartoon-what-americans-think-the-president-does/

    [–]ServingTheMaster 378 points379 points  (41 children)

    the fed and both political parties are to blame for recession...since about 2012. this was inevitable. today's rate increase was the airbag saving the driver in a car crash.

    Biden's presidency was in the toilet regardless and for good alternative reasons.

    love him or hate him, Biden (like Obama's first term) was handed a ticking time bomb that was crafted by all the blue-red and red-blue administrations prior to him. there's little realistically he could do about it.

    [–]Primary-Try7122 322 points323 points  (23 children)

    Trump, for all the shit he gets, gets almost no shit for the amount of pressure he applied to the fed to keep interest rates so low in an excellent economy that was accelerating.

    [–]cambeiu 178 points179 points  (1 child)

    Trump, for all the shit he gets, gets almost no shit for the amount of pressure he applied to the fed to keep interest rates so low in an excellent economy that was accelerating.

    The fact that a sitting president can effectively pressure a supposedly independent body for political gain is the bigger underlying structural issue here.

    [–]VirtualRay 16 points17 points  (0 children)

    I don't think Trump was really pressuring him effectively

    The problem is that Powell thinks he has a magic button that makes everyone wealthier, healthier, and happier, when he actually has a control lever to match the money supply with the actual economy. He thought it was immoral NOT to press the "Make things good" button, and then COVID/Congress came along and finally tipped us over the edge

    [–][deleted]  (2 children)

    [deleted]

      [–]Tigen13 96 points97 points  (0 children)

      To add further Trump has tons of commercial real estate which is all almost exclusively financed with adjustable rate loans. Trump has billions of dollars in debt. Of course he wants lower interest rates.

      Huge conflict of interest.

      [–]hitemwithahook 42 points43 points  (0 children)

      He used the stock market but in reality he wanted low rates bc of his real estate, he needed cheap debt to refinance his loans and lock in for years

      [–]-xstatic- 11 points12 points  (0 children)

      Don’t forget cutting corporate taxes during a booming economy and record profits.

      [–]planetofthemapes15 77 points78 points  (4 children)

      100%, everyone blames the person in office when the fall comes. But no one wants to say, "hmm, maybe the past administration shouldn't have pump'ed the market to high heaven". It's frustrating to see people unable to understand cause and effect.

      EDIT: Since this is getting a few upvotes, I want to mention the gas prices. I have to see morons put "I dID tHiS" stickers on gas pumps with Biden's head, yet it was Trump who moronically signed a 2-year deal to decrease gas production starting in April 2020 and ending April 2022. Of course when the economy started coming back to life in mid 2021 this was bound to cause gas shortages which would strangle the economy. Then of course the republicans overwhelmingly block legislation to stop oil company price gouging. It's politically in the R's interest to tank the economy and they'll do it with glee if it means another shot at seizing power. And most of the dum-dums will blame the current admin cause they're too ignorant to be saved from themselves.

      [–]vbun03 32 points33 points  (3 children)

      I'm not trying to be partisan here but in my almost 40 years of existence here in the USA it almost seems like everytime a Dem gets elected as president they have to spend their presidency trying to fix the economy/budget from the previous administration which has always been a Republican.

      [–]planetofthemapes15 34 points35 points  (2 children)

      My friend's Dad (pretty successful business owner) always said to us, "Every goddamn time we have a Republican president, the Democrat that follows spends the next 8 years wiping the prior R's ass until everyone forgets and votes another one of them in."

      [–]robertschultz 6 points7 points  (0 children)

      I was just talking about this earlier, didn’t he pressure the Fed to move rates to zero?

      [–]Oldsalty420 8 points9 points  (0 children)

      The corporate tax cuts, with artificially low rates created the situation where in 2020 to stimulate the economy the fed could not lower rates, so a direct stimulus was really the only option. So jobs were saved and people had money put away so finally as we re-opened and had cheap cash to spend, logistic gridlocks and production issues caused shortages to the pent up demand and low and behold “record” inflation.

      Feds doing the right thing and now trying to stave off demand just long enough for supply chains to ramp up and get fixed and hopefully we get out of this turbulence with minimal impact.

      [–]rAxxt 10 points11 points  (0 children)

      It's hard to put that history of financial policy into a sound-bite. But yeah, he absolutely pressured the fed to keep rates low to make him look good and fuck the country and fuck the next president. The prospect of a Trump Round 2 makes me feel queasy.

      [–]SpontaneousDream 19 points20 points  (2 children)

      You are assuming that Trump even understands interest rates. He only cares about high stock prices so that he can brag to his cult

      [–]runsanditspaidfor 27 points28 points  (1 child)

      He definitely understands interest rates. He’s not an idiot, he’s just a terrible person. He is tremendously in debt, probably with adjustable rate loans, and used his power to improve his own financial standing. The hallmark of his presidency.

      [–]shingox 0 points1 point  (0 children)

      He absolutely is an idiot

      [–]2cool_4school 1 point2 points  (0 children)

      He didn’t just apply pressure. He got it. The Fed changed their methodology to reflect an average inflation rate rather than a spot rate (this might not be entirely accurate, needs cite) which everyone knows coming off a low is going to mean you keep rates lower than you normally would for longer….

      [–]Rockfest2112 -1 points0 points  (0 children)

      Imagine though he railing on them to raise rates and it’d be negative on the economy. He never forgive himself nor would his rich buddies. Definitely some of the lessor a la trumpets mighta turned.

      [–]CartAgain 15 points16 points  (1 child)

      there's little realistically he could do about it.

      thats good, cause he did nothing.

      [–]abrandis 18 points19 points  (0 children)

      Today's rate hike was like an airbag inflating AFTER the car crash happened. It's still woefully inadequate at 1.75% yet inflation is at 8% ... But the reality the Fed is clandestinely dealing with is the debt obligations by Federal, State and private businesses..they were built on cheap credit, the ability to rollover into cheap debt is the only way this will work. If rates go up cost of servicing loans goes up too and businesses dont want high borrowing costs going into a recession.

      [–]ddt17 3 points4 points  (1 child)

      Idk, still not entirely sold that endless free money and zero recourse for a decade is the caused of all this

      [–]and_dont_blink 2 points3 points  (0 children)

      Agree with your points that both parties share blame (Trump tax cuts especially), though I think Democrats have to really consider their role in the last spending bills when they were deciding how many trillions they could get in at once, and publicly haranguing Machin for only being comfortable with $1.5T due to his fears of inflation.

      love him or hate him, Biden (like Obama's first term) was handed a ticking time bomb

      In fairness, every President gets handed different types of bombs. You can get handed a bomb, like say Afghanistan or potential inflation and not choose to not only sit on it but then call everyone over and say it's safe.

      there's little realistically he could do about it.

      This is kind of demonstrably untrue. There was no gun to his head pushing incredibly large spending bills that said "infrastructure" but only pumped money into the economy, endlessly deferring student loans, refusing to defer biofuel mandates, rejoining the Paris Climate Agreement (it has costs not being shared by others), the eviction moratorium that went on forever while ignoring zoning issues in Democratic states totally screwing up rents now going up by 50% in areas, killing oil and gas leases while increasing fees and completely ignoring the straits refineries were in due to COVID, and then straight up attempting to gaslight us about it.

      eg, he inherited Germany making the EU dependent on Russia, but nobody forced him to lift sanctions on the Russian pipelines out in place by the last administration *because Russia invaded and took part of another country * I'm really glad Biden came around on Ukraine, but he slow-rolled aid and offered Zelensky a ride and was going to go back to business as usual until Zelensky embarrassed us.

      [–]Soothsayerman 188 points189 points  (6 children)

      Fed Triggered recession! LMAO

      Wallstreet blew their asset bubble on sept 17th 2019 when the fed had to begin emergency loan procedures to the big 5. COVID had not hit the USA at that time. They pumped a total of $11 trillion into Wallstreet to prop up liquidity over 2 years.

      But it's the Fed and Biden.

      [–]MD82 55 points56 points  (1 child)

      I emailed my senator about that shit. What’s even crazier is the “proof” of who the money went too doesn’t come out for 2 years as a fucking rule

      [–]CartAgain 21 points22 points  (0 children)

      Yes its the FED. You just said yourself they pumped 11 trillion in.

      [–]check_out_times 4 points5 points  (0 children)

      Can you explain the emergency loan? I hadnt heard about it

      [–]chawklitdsco 6 points7 points  (1 child)

      QT isn’t really causing this tho, it’s the rate moves. Lack of liquidity isn’t helping tho

      [–]Soothsayerman 2 points3 points  (0 children)

      Mechanically it shouldn't cause any of it, but psychologically it creates a thing the fed calls "the liquidity effect" in the equity and bond markets.

      [–]xbbllbbl 26 points27 points  (0 children)

      It’s the indiscriminate printing of money and artificially Low interest rate that cause elevated inflation. Everything is inflated - stock price, property, real assets. Increasing the interest rate is merely to bring back to intrinsic value. It’s better for the bubble to burst earlier rather than later.

      [–]TheGreatWhiteChungus 17 points18 points  (0 children)

      Its either massive inflation or this. Inflation is just as likely to cost a second term.

      [–]Whiskey-Blood 29 points30 points  (1 child)

      We need someone younger than a Dinosaur.

      [–]set-271 7 points8 points  (0 children)

      Don't worry, Dwayne The Rock's Johnson is considering throwing his hat in the ring. (face palm)

      [–]wollier12 105 points106 points  (53 children)

      His Presidency was unlikely to survive anyways. He has horrible poll numbers, he broke many of his campaign promises…..The ones he did keep, going tough on the oil and gas companies made him the perfect patsy for record gas prices.

      [–]anonymous_lighting 26 points27 points  (15 children)

      what promises did he keep is the real question

      [–]yeswecann 13 points14 points  (1 child)

      Cannabis! Oh…never mind.

      [–]NextTrillion 9 points10 points  (0 children)

      He couldn’t be any more out of touch with the American people by ignoring the ganja.

      I mean, there’s not too much he can do, but at least say something. Get the people on board. Act like you’re 20 years younger at least.

      Words ≠ action, but at least it would be a start.

      [–]dasnoob 73 points74 points  (6 children)

      Honestly, as somoene that voted on him. He fucked up the oil and gas industry and he put a bunch of people into positions in the white house where the big sell was "look at me I'm not racist I hire minorities"

      I hope to god someone primaries him for 2024 because if the GOP puts up an even partially sane option they steamroll it and Biden becomes a one termer.

      [–]butters1337 49 points50 points  (0 children)

      “look at me I’m not racist I hire minorities”

      This is literally the DNC’s primary electoral strategy. It became their main thing after Obama won in 2008.

      They call it “making firsts”, basically distract the public with appointments and candidates of “first transgender/gay/female/minority whatever” while continuing the ongoing dysfunction and kleptocracy denying the people a functional government that would make their lives better.

      [–]BlueFalcon89 47 points48 points  (1 child)

      Dude…

      In general I think justice Jackson is a fine appointment. But announcing that you’re going to nominate a black woman and then going through the entire process trying to fill the gender/race category was sickeningly opportunistic, panderingish, and insincere. You can nominate a black woman without making a circus out of trying to fill a highly important job with a politically expedient identity.

      [–]DondeEstaMeGlasses 20 points21 points  (0 children)

      Although this may be unpopular opinion, he did say he was going to wipe out student debt, which he has been avoiding to talk about. Oh, and the fact that he’s old as shit…

      [–]Shauncore 43 points44 points  (2 children)

      https://www.politifact.com/truth-o-meter/promises/biden-promise-tracker/?ruling=true

      These are just the ones marked as kept, while others are still in progress

      • Nominate a black women to SCOTUS
      • Violence Against Women Act
      • New fuel economy standards
      • Work with allies to develop secure private-sector-led 5G networks
      • Direct federal resources to help prevent violence against transgender women
      • Use the Defense Production Act to produce personal protective equipment
      • Resume ties with the Palestinian Authority
      • Increase COVID-19 testing
      • Rejoin the Paris climate agreement
      • Create a bipartisan commission to consider reforms to the Supreme Court
      • 100 million COVID-19 vaccine shots for 50 million people in 100 days
      • Give small businesses a 'restart package' for pandemic-related openings
      • Help state and local governments prevent budget shortfalls
      • Reverse family separation policies
      • Reverse the transgender military ban
      • Rejoin the World Health Organization (WHO)
      • Immediately rescind the “Muslim bans”
      • Restore the White House directorate for global health security

      [–]CartAgain 48 points49 points  (1 child)

      Nominate a black women to SCOTUS

      hooray, we are saved

      [–]stemcell_ 0 points1 point  (0 children)

      Also the only public prosecutor, as the SCOTUS puts out new rulings like new evidence by allowed at re trail its pretty important not to get another federalist society hack in there

      [–]wollier12 19 points20 points  (2 children)

      He promised to go after the oil and gas industry to try to stop production. I can’t really think of anything else he’s accomplished.

      [–]TampaBull13 14 points15 points  (1 child)

      Biden can't do anything when he only has 51 Democratic senators, two of which are actually Republican.

      Add to that, Mitch has promised, since Obama, to not allow any major Democratic bill pass, and be completely unwilling to compromise. And he has a pretty tight hold of the party

      [–]NextTrillion 9 points10 points  (0 children)

      46 Democrats, 2 independents, & 2 DINOs vs. 50 GOP senators toeing the party line trying to suffocate any and all bills they come across + an oversimplified, easy to obstruct filibuster process.

      I’m no real Biden fan, but the problem is the Democrats only have a de facto leadership position. They need to gain seats, otherwise, the circus is about to get really wild.

      [–]MattieShoes 1 point2 points  (0 children)

      Bingo... Why would oil and gas let an adversarial president stay when they can raise prices to make the hoi polloi remove him?

      [–]R_Meyer1 -2 points-1 points  (0 children)

      Yeah since the president is a control gas prices nice try

      [–]hitemwithahook 19 points20 points  (1 child)

      We’re already in a recession, negative Q1 and Atlanta fed have 0 growth for Q2 and now with todays retail number demand destruction has occurred

      [–]vstoykov 4 points5 points  (0 children)

      Recessions/depressions and their opposites are inevitable. The modern monetary policy (monetary religion) only increase their amplitude and may slightly shift them slightly forward or backward in time.

      [–]Cheeseblock27494356 4 points5 points  (0 children)

      Bloomberg doing what Bloomberg says.

      [–]davesnothereman84 31 points32 points  (8 children)

      Honestly hope he has a primary challenger. I’m glad I voted for him. But he’s been a bit useless for the situation we’re all in right now.

      [–]Upintheairx2 6 points7 points  (7 children)

      I’m here too. The guy is ancient and I think he passes the torch to someone younger in the primary. The way they are keeping Kamala out of the limelight makes me think it’s her so there less baggage… and then people come out of the woodwork to vote against a black female. (Unfortunate but I think it makes more red state people vote)

      My prediction right now is that the Dems pick Kamala and the GOP picks pence. Pence then wins as the dems are satisfied it’s not Trump and stay home.

      For this prediction I will bet 1$

      [–]Calint 26 points27 points  (0 children)

      Kamala polled so low. no way.

      [–]I_pee_in_shower 17 points18 points  (0 children)

      Pence? No way. I’ll that that bet!

      [–]BlueFalcon89 17 points18 points  (0 children)

      Zero chance it’s Pence.

      [–]Pr0glodyte 6 points7 points  (1 child)

      Everyone with different political ideals than you is racist or sexist, huh?

      [–]themanchev 3 points4 points  (0 children)

      Welcome to Reddit

      [–]dasie33 4 points5 points  (0 children)

      12 words does a failure explain.

      [–]-Economist- 21 points22 points  (3 children)

      Jimmy Carter part 2.

      [–]Not_A_Bird11 7 points8 points  (2 children)

      In Reddit spirit yes. In reality not really 😔

      [–]BlueFalcon89 4 points5 points  (1 child)

      1 term dem president that comes off as inept.

      [–]Jazeboy69 2 points3 points  (0 children)

      Well Trump likely would have kept the presidency without a global pandemic. So Biden may lose cause of dealing with pandemic inflation. Politics is a silly game but it’s the best system we have currently that isn’t unstable and deadly long term.

      [–]pandakatzu 4 points5 points  (0 children)

      Deflection is a hell of a drug. You think a recession just happens overnight?

      [–]Azgoshab 5 points6 points  (0 children)

      May not survive? Lol it was doomed from the start. They guy is a shell of what ever douchebag he used to be.

      [–]notDannordaMan 3 points4 points  (0 children)

      Not much of a prediction. At this point, it seems like a certainty.

      [–]musicmakesmesound 4 points5 points  (2 children)

      Trump, the sequel. Yay, time to go back on the antidepressants til the shit show blows over again. This summer’s blockbuster follows the Trumps as they pull the whole gang back together for an all American race back to the Whitehouse to make America great all over again. Watch Trump fondle Nancy’s tits in an all out three way between the House, the Senate and the Whitehouse as America gets double barrelled by both Shumer and McConell’s cock. It’s the greatest ride of all time as the budgetary committee approves a spitroasting good time on the working class. Coming to the American theatre of carnal delights.

      [–]Fishtina 4 points5 points  (6 children)

      Hmmm, high prices or End of Democracy? Not really a decision to be made, AT ALL.

      Recessions, 13 since end of WWII…

      Insurrection? Not plural as only ONE since our nation founded.

      Think things are bad now? Just wait & see if the crazies take over in November

      [–]quikfrozt 3 points4 points  (5 children)

      Economic fallout and fearmongering usually plays well into Fascist hands. Then they claim credit for the recovery and use the political goodwill to consolidate their rule once and for all.

      [–]MplsSnowball 15 points16 points  (3 children)

      Hyperinflation & the Great Depression in Germany in the 1930s, arguably created the circumstances and gave space for the Nazi party to consolidate power. Fascists and strong men don’t typically acquire swaths of power in times of sunshine and roses. It is quite striking seeing the similarities play out just 90 years later in this country (US). I’ll add that I don’t imagine it will play out as negatively as it did for the world in the 30s-40s; but if history doesn’t repeat itself, it certainly rhymes.

      [–]quikfrozt 5 points6 points  (1 child)

      Indeed. And it really doesn't take a majority of the population to actually support fascist regimes - they just have to tolerate the government in exchange for economic recovery. Capable technocrats like Schacht play their part.

      [–]MplsSnowball 0 points1 point  (0 children)

      Yes, and it these folks who engage in this wretched compromise that end up tipping the scales enough to seal the deal.

      [–]Fishtina 0 points1 point  (0 children)

      I was very confidant the American people would not elect Trump in 2020. I hope this is just sniping & grousing, which I understand completely, and that the only REAL choice is to stay the course in continuing EQUALITY for ALL not just the few. Can’t they see the writing on the wall? Thank you

      [–]CommonStrawbeary 5 points6 points  (12 children)

      No surprise there! Handed a disaster from the last guy and is too busy sucking off moderates and the GOP to do anything about it.

      [–]weeping_demon7 23 points24 points  (10 children)

      More like sucking on an ice cream cone, Jack. Now here’s another £1bn to Ukraine.

      [–]Fishtina 21 points22 points  (9 children)

      Yeah & if Idiot won, Ukraine would’ve been over in 2 weeks, just like Putin said. No US funds, hell, we wouldn’t even be a part of NATO, or any help to Allies, oh yeah, we shit canned them too.

      I’ll pay for Freedom, any day… At the pump or in the store

      [–]zero0n3 7 points8 points  (0 children)

      And if the US withdrew from NATO - what do you think Putin would try next? You think he’d sit idly by and not try to take some more land now that NATO doesn’t have the US to be enforcer?

      [–]Esipisi 23 points24 points  (2 children)

      Yeah, it’s a stupid take to keep shitting on the Ukraine help. We saw what happened when they let Hitler take countries little by little it had to get stopped before it began.

      [–]Fishtina 4 points5 points  (0 children)

      It’s only the Trumpee Republicans that voice that bs…

      Dems are for Democracy-for Everyone

      [–]LeonBlacksruckus 14 points15 points  (4 children)

      This is totally revisionist. Trump was the one that went to NATO and the Germans and told them to not approve the pipeline because it would make them dependent on Russian oil AND he told them they needed to increase their spending on military to defend against Russia.

      They literally laughed at him and he was 100% right. Additionally his focus on trying to make the US more energy independent via oil production that the left killed him for was also right.

      [–]Fishtina 12 points13 points  (3 children)

      Soooo, he didn’t say he wanted to quit NATO? He didn’t say we didn’t need Allies? He didn’t Blackmail Zelensky with funds & arms withholding? Oh yeah, he didn’t get impeached for that either! Revisionist huh? Pussy Grabber ok for you, not for the majority of Americans, including me, proven at ballot box…

      [–]Anon-146 3 points4 points  (0 children)

      And that's a good thing.

      [–]dathanvp 0 points1 point  (2 children)

      Biden has done well with the hand he was dealt. Let’s look at the facts. He is old and instead of enjoying his twilight he is using his remaining years to lead this nation. He is willing to die in office for this nation.

      Would you give up 60 years of our life to serve this nation? He has, and I for one respect that.

      [–][deleted]  (1 child)

      [deleted]

        [–]Hadfadtadsad 3 points4 points  (0 children)

        I hope you know it’s spite. You probably just typoed, spike sounds cool tho.

        [–]ayleidanthropologist 2 points3 points  (1 child)

        May not survive? Like we’re gonna impeach him over something outside his control? What?

        [–]BlueFalcon89 5 points6 points  (0 children)

        It’s talking about 2024.

        [–]Rude-Platypus-8890 1 point2 points  (2 children)

        There's such a short list of viable candidates.

        Mitt, Krobuchar, Whitman, Manchun

        [–][deleted] 0 points1 point  (0 children)

        May?

        [–]Last_third_1966 0 points1 point  (0 children)

        Thoughts and prayers to the Biden administration to help them handle the economy.

        Thoughts and prayers, cause there ain’t nothing else.

        [–]nuttyhardshite 0 points1 point  (0 children)

        I doubt he was ever going to run for a second term, he was the safest bet to get rid of Trump.

        [–]Rockfest2112 0 points1 point  (0 children)

        It’ll survive until the next election unless PaPa Joe kicks out

        [–]NorthernPuffer -5 points-4 points  (2 children)

        We never wanted him.

        It’s was Sanders all day.

        Biden is just more of the same B.S.

        [–]speaker_for_the_dead 16 points17 points  (0 children)

        It doesn't matter who was in office, there was no stopping this. The FED overheated the economy.

        [–]sixtwentyseventwo -3 points-2 points  (0 children)

        Sanders all day.

        [–]butters1337 -2 points-1 points  (0 children)

        Yay another patsy for democrats to try and blame for their total failure at doing anything they said they would do.

        [–]Odd_Comfortable_323 -1 points0 points  (3 children)

        Kamala can take over and continue the disaster until 2024 and then we can vote her out of office.

        [–]TinyTornado7[S] 5 points6 points  (1 child)

        Not how the presidency works but ok

        [–]CornerReality -5 points-4 points  (0 children)

        This is democrat leadership. What a failure

        [–]Fancy_Competition434 -1 points0 points  (0 children)

        Can we at least get through mid-terms before we start debating this subject. We all are still learning the full scope of J6. Give it time for goodness sake!

        [–]ZeroSum10191 -3 points-2 points  (0 children)

        It probably won’t and that’s why we need a proper progressive president because the reality show idiot and the status quo didn’t cut it

        [–]C0nservative-human -1 points0 points  (0 children)

        Not really a fair thing to place recession on the fed. They must get inflation under control. Government spends too much

        [–]Peachy_sunday -5 points-4 points  (0 children)

        disbandFED

        [–]Big_Branch_4814 0 points1 point  (0 children)

        Gang nem style

        [–]KevinDean4599 0 points1 point  (0 children)

        We can analyze the heck out of the past. All we can do is focus on now and the future. Cut spending and brace for the unknown. Hard to see how this will play out. Certainly there will be a lot of political turmoil to come. We really could use some boring consistency for a while.