QE Quantitative Easing
helicopter $ All those Gov Checks that kept people home.

Gas policy. Biden want to kill the oil industry. Transition to cleaner forms of energy is great but you can't just switch off our dependency of oil.



https://youtu.be/PIbrBk9b1Hg

https://youtu.be/Dtf4Q_qzx44


under Trump we were a net exporter of oil. Now we need to import.
oil companies are reporting record breaking profits. But it follows pandemic-fueled losses.
Biden pissed the Saudis over the assassination of the dissident journalist Jamal Khashoggi so they say no oil for you, Joe..

When the SPR is depleted or stopped being used what do you think will happen to gas prices?

Wow. Ok, we can agree that far about China policies. They went too far, and now too lax.

Well….1/2 off something overpriced by 10x isn’t great, that’s why PE ratio matters. I think 25 is super high, but by today’s standards it’s average. 90+ was insane.

You have blamed him for the economy, as if he didn’t inherit 2020’s remains, but I’m just glad you’re willing to share/spread blame. A good step. Kudos.
Don’t know what QE and helicopter $ is.

Supply chain issues are global. It’s hard to blame anyone for even a majority. IMO they have been getting better slowly from 2020….I’m not in manufacturing though.

Gas policy? Explain please. My understanding is gas/oil production is up under Biden….oil company profits certainly are. Analysis indicates their increased profit margins accounted for over 1/2 the increased prices. I’m glad I have some energy stocks in my portfolio.
Remember, Trump policy was to sell our refining capabilities to the Saudis, who then decreased production and increased prices.

Professional economist here (hence, perceived as right wing) who began studying economics due to concern about climate change (hence, perceived as left wing).

[1] The classic statement of when markets 'work' is the 'first fundamental theorem of welfare economics'.

[2] 'work' in this sense means 'leads to a Pareto-optimal outcome', which means an outcome in which no one can be made better off without making someone worse off. This is a low standard: an outcome in which I have everything is Pareto-optimal.

[3] the conditions for the welfare theorems are generally not satisfied in practice. Here, as alluded to in the ad, carbon emissions are 'externalities': if an oil company sells you gas, which you then use, both of you are better off, because you're assumed to have taken into account the effects of your exchange, and decided to proceed; other parties have not, so may be worse off.

[4] in general, failure of the welfare theorem conditions isn't enough to make the case for government intervention: the outcome may still be 'constrained' efficient - meaning that, given the inherent constraints in the problem (e.g. asymmetric information), the market outcome is Pareto efficient.

[5] again, even if it is, you may not like the particular constrained efficient outcome the market yields (e.g. I get everything).

[6] in the case of externalities, the theory is pretty well established - if we want efficient outcomes, we need to align the private and social costs. There are two basic market-based tools for doing that: quantity tools (e.g. carbon permits) and price tools (e.g. carbon taxes). Which performs better depends on the sort of market imperfections.

[7] obviously, we will never have a perfect estimate of the efficient price or quantity of carbon to emit in a given year. Equally obviously, to me at least, this is a classic case of an externality with a well developed body of theory pointing in the direction of some level of controls.

[8] in my experience: people familiar with the economic theory tend not to be 'pro-market' or 'anti-market': they tend to want to understand how the market can be used to deliver societal objectives and, when it can't, how to correct its imperfections.

Idiots—all who believe any of this is untrue or unimportant. Oil is the death nail of any ecology, without which economies simply cannot exist.
(Saying oil is the life blood of any economy is like saying “Plants crave Brawndo, it’s got electrolytes.”. Plants can survive on Brawndo temporarily, but quickly fail.)

Change to green is coming, but far too slowly. Market forces and “scientific debate” (read-misinformation campaigns) have been manipulated by enormous industry pressures and coffers to keep it from being mainstream. (You likely STILL think Solar and wind aren’t economically viable when they both have been for decades, and still deny climate change even though the oil industry knew for a certainty it was a real and existential threat in the 70’s, but industry supplied misinformation has duped you time and time again into being on the wrong side of the science, ecology, economy, and/or sanity.)

Because market forces are artificiality manipulated and driven by industry whose existence depends on staying Crude (as opposed to Going Green), government edict is not just necessary, it’s an overdue urgent imperative.

FTFY.

Idiots -- all who believe this shit. Oil is the life blood of any economy.

Change to Green is coming. But it has to come when market forces make it mainstream. Not by Government edict.

Oops this turned into a semi rant. But I am legitimately open to discussion here, and am curious to get your thoughts on a few points Bob. That is, IF you're willing to actually think about them beyond the level of repeating talking points.

I find it interesting how divergent the two overall "sides" are in this country, in terms of where they focus. None of the issues brought up in this video are really on the radar of most progressives, beyond being aware some on the right are talking about them. And I'm guessing a lot of the concerns progressives discuss rarely come up in your chosen media landscape. A lot of the issues in the video are largely off of my radar, and I have to wonder how you feel they should be addressed - like, actual proposed solutions rather than just complaining about / worrying about them.

We only dedicate one day to remember our fallen soldiers

How many should there be? Arguably we have more than one already: there's Memorial Day and Veterans Day, and it seems that Sept 11th is often used for the purpose as well.

I'd argue we should spend more time acknowledging and understanding the principals behind WHY our soldiers died in the various conflicts which caused them to fall in the first place. Let's make sure our citizenry appreciates what we collectively rejected in the Revolutionary war. Why it was important that we kept the country together rather than allowing the south to split off in the mid-1800s. Why we chose to honor our diplomatic agreements and support our allies in WW1. Why we fought against the countries and governments we did in WW2. What our goals were in Korea and Vietnam, and what lessons we learned from those conflicts and from the Cold War in general. Commemorating and remembering those we've lost absolutely matters, but if we're ONLY doing that while forgetting why they fought OR ignoring what we learned then we're doing them an equal or greater disservice. Remember that America was built on the idea of forming "a more perfect union" - not a perfect one, a MORE perfect one - a work in progress. We're striving towards an ideal, not assuming we're already there. Learning from our past successes, failures, and our struggles around both outcomes is vital. If our self-analysis is no deeper than hero worship we'll never make real progress towards that theoretical perfect union.

The only mask that's gonna save us is duct tape on their mouths

Yeah, sound medical advice and evidence-based science is terrifying. Better to shut up those whose words we dislike, because we're reactionary authoritarian babymen. I truly do not understand being more afraid of reasonable safety measures than of a virus which has been shown to cause serious harm in the short and long terms. The only reason this "masks = liberal / maskless = conservative" crap came about is because politics has devolved to the level of team sports in the US, and one party has chosen "the opposite of whatever our political opponents say" as their entire governing philosophy. (And yes, ONE party - research and understand the GOP's 2020 platform if you want to argue the point.) This video even seems to reach a reasonable conclusion at the end, while coming up just short of that final logical leap to "maybe I should question what the public faces of MY side have been claiming in this Us vs Them madness." Seriously - keep going friend, you're almost there! George Washington was 100% right in wanting to avoid political parties being a force in the US, and it makes me immensely sad that his fears came true.

Big oil runs the world / the only wars to get fought are with the countries who have natural resources they want

Solid point here, no sarcasm. The US military has long been a tool of our profit-driven form of "free market" imperialism. A really great way to combat this, specifically with an eye to ending Big Oil's goddamn death grip on our foreign policy goals, would be an aggressive implementation of renewable energy projects. Remember the space race? America can be an absolute beast at clever engineering solutions when we dedicate ourselves to it. Fuck the petrostates, we have the available land and resources to absolutely kick ass in the realms of solar and wind power, and be leaders in the the post-hydrocarbon reality. We can certainly agree on that, right Bob? Left / Right nonsense fully aside, I think any reasonable American can agree on at least two points: let's stop sending heaps of cash to buy oil off of the Saudis (etc), and Fuck Cancer.

But if a white man acts too white he's white trash / he's a racist he's a bigot he's a monster

What the fuck is this horseshit? What does "acting too white" even fucking look like? Watching NASCAR on a sailboat while listening to polka? Typically when I see racism from white people it's in the form of denying that brown-hued people deal with any additional difficulties in life due to their skin tone, or denying that there have been structural obstacles for them through history, or lamenting that their white children are being burdened with a broader lens on culture or with (gasp! shock!) an accurate accounting of actual US history, including the ugly bits that we shouldn't be proud of (but MUST learn from). I'm progressive / lefty as fuck and there is no aspect of "white culture" or "acting white" which upsets me in the slightest. UNLESS one counts "denying racism exists / has ever existed" as a fundamental value of being white. Which... why would anyone want to claim that nonsense? If you want to listen to classic country music in a rusty pickup truck while driving to an evangelical church, then discuss hockey over Buds after 18 holes with the rest of your tractor pull team, then absolutely go nuts my fellow caucusoid! Just recognize and understand that your life experiences may not be the same as those of others. Further, if we care about trying to avoid unnecessary, avoidable unfairness in life (recognizing that life will never truly be fair, for anyone), then it might be reasonable for some governmental / legal / structural recognition in furtherance of that notion. There is absolutely room for legitimate policy disagreement here without being accused of racism. It's denial of others' reality which tends to garner the label of racist (sexist etc) - steer clear of denying the lived experiences of other people, allow for the possibility they may have encountered difficulties you haven't / won't, and we've room for further discussion.

Edit / final point: I voted the video back up to 0 from the -1 where I found it. Because while I disagree with a lot of the positions taken by the performer, they may have reached them through no fault of their own and with no true malice. Misinformation / disinformation is a devious shit of a motherfucker, and the rot it causes can run deep. It is painful to abandon deeply-held beliefs, on a fundamental level. If nothing else, the video gives us room to discuss some specific viewpoints held by people who think of themselves as good, but which can lead to harm.

Corporate profits are up 54% while labor costs are only up <8% over the last 18 months. What’s driving inflation again?
The largest refinery in America (and the Shell name and distribution rights) was sold to the Saudis in a non publicized deal in 2017, and they have reduced production and raised prices ever since. So much for the energy independence lie, even our oil in country was sold off to the Saudis. Thanks Trump.

For Biden to have control over the main driving factors, he would have to nationalize all industry. That is the answer to the current main driving factors of the current inflation rates. Severely limiting outrageous corporate profits would cut inflation by more than half. Is that what you advocate, or are you just lobbing blame at your enemies despite them having little involvement or control?

Just a reminder @bobknight33, liar, Muslim quack, serial animal abuser, and dangerous snake oil salesman Dr Memet Riviera loves to drink urine and thinks you should too….and he’s just the kind of idiot to try to make it mandatory.

Trump took the healthy economy off a cliff to the worst economy, employment, and gdp in history. It took him <4 years….and was responsible for over 1 million unnecessary deaths of Americans because of his lack of response to Covid. Downward spiral?! Trump put us in rocket assisted free fall. Biden accelerated the crawling failing economy into an upward spiral.
Obama and Biden spent a lot, but in 4 years Trump spent far more than their 10 years combined while lowering the amount the government brings in on multiple fronts (so increased the debt and deficit in two ways, spending more while making less), and Obama inherited a recession and left a boom, Trump inherited a boom and left a recession….Biden inherited economic collapse, active terroristic sedition, horrific unemployment, and pandemic…all 4 issues are better today than they were on Jan 20, 21.

The inflation reduction act, Bobby. That’s what’s being done.
Also student debt forgiveness.
Edit-Also raising interest rates, finally. Can’t blame Biden for the federal reserve’s hesitation, however….he doesn’t control them and can only make suggestions.
That’s the answer.
Almost every Republican opposed it (them) and voted against it (them), nearly every Republican then went home and took credit for it (them) and said it (they) was a great thing for their constituents (but pretended they hadn’t been against it (them) with every fiber of their being because it’s (they’re) really popular)….just like they did with the infrastructure bill.

Higher interest rates ARE helping, just not enough yet. It definitely should have started earlier than March…. .25% interest rates were just insanely low. Inflation has lowered, but as you well know, Trump’s administration just printed over 1/5 of every dollar in 2020….just made 20% more dollars while gdp went to -32.9% and unemployment skyrocketed to unheard of levels. This causes 20% inflation or more all by itself…Joe’s administration kept that below 10% miraculously.

If bankruptcy boy was still running the economy, we would have 20% inflation, more oil infrastructure sold to the Saudis (they bought the biggest refinery in America in secret under Trump and cut production), higher gas and oil prices, no infrastructure funding, no inflation plan, Ukraine would no longer exist, NATO would still be impotent, ….bankrupting a country is much worse than bankrupting 6 businesses. Trump did both.

Thanks Biden….

P.S.- Nice deflection from the undeniable hypocrisy the video is about. Way to completely ignore the right now taking credit for the popular and helpful Biden legislation they all opposed….praising it, explaining what a great thing it is for their states, economy, and constituents while pretending they didn’t ALL vote against it out of pure spite which outweighs any wish for America to succeed. Their sudden love for the law they diametrically and insultingly opposed is absolute proof they oppose beneficial legislation simply to avoid letting Biden succeed.

Edit: Will you ever get tired of begging for attention for being 100% wrong 99.6% of the time?

Walker- paid for at least one abortion probably many more, so by his definition he’s a baby murderer, liar, philanderer, self admitted total shit for brains moron, wife and child abuser, mental defective, suicide case, attempted murderer, kidnapper, deadbeat father x 4 or more, police impersonator, fake businessman, fake graduate,….the list never ends. He is absolute proof that the right has zero morals, ethics, standards, or anything besides a blind lust for power.
I can only imagine the never ending jabs and accusations from you if he was a Democrat….and they would be well deserved.

Oz - puppy torturer and murderer, liar, quack, and snake oil salesman who made millions by selling fake miracle cures to morons and now wants to buy a senate seat. More proof that morals, ethics, standards, and honesty are 100% lacking in the right….but we knew that after Marmalade Mussolini.

Which party is the party of death, debauchery, and criminality again? ROTFLMFAHS!!

Edit- forgot Tina Forte, AOC’s opponent that calls AOC a “crime surge creator” while hiding the fact that Forte’s family are a major crime organization , her repeatedly convicted husband Joey Snapple and her son are recently convicted illegal gun and drug traffickers that used her failing beverage company to run guns and drugs, she is often found with terrorist Proud Boys, and was at the Jan 6 failed coup. Sure sounds like she’s much more of a crime surge creator all by her self. Funny enough, she was a hard core anti marijuana advocate until her husband was busted with $150000 in illegal marijuana among other illicit drugs and illegal guns, now she wants it decriminalized and conviction records expunged. No….she won’t abuse her office for personal gain….never.

https://www.nbcnews.com/id/wbna41402548
But I now see I misread, it was in a MexicAN city, ciudad Juarez,not Mexico City. In my defense, it came up googling “ mexico city record low temperature”, but I should have read more carefully.

Ice will be extremely rare, agreed, but not unheard of. I’d be more afraid of oil….even just a tiny bit of water makes me say “nope” and I extreme off-roaded and desert raced in the past.

personally, some of the 'big' moments in the series were...

- his daughter saying Joe won (Upset Catsup lost)
- Lady Rudy & kin telling their stories (damn Catsup Tosser)
- the Murtaugh/Wolking email (proof positive of the negative)
- the 'unhinged' meeting (Stalin's death was less surreal)
-'call us if there's an oil spill' line (outlaw AG's is a GOP thing)*

...overall, the Orange Stain is thoroughly shown to be one of the worst humans to serve in the office.

really should be confined. w/mercy: to some mental facility. get some therapy so at least he could have a few days of actual life. w/vengance: solitaire. he'd break inside a week.


*Nixon, Reagan, Saucer Tosser

please. communist?

think about this: one of the cons of communism is if one person is getting all the benefits of working as not working - incentive is nixed.

w/all the mergers of segments of the business world - oil, media suppliers, etc - the effect mirrors communism. w/o serious competition, these companies have less incentive to improve products, increase efficiency, or reduce consumer costs.

to wit: most of the conservative policies are closer to communism than ideas like trust-busting, fair employee compensation, reasonable taxation for high earners, etc.

most of the 'progressive' ideas would spur capitalism, thus the blue is more about the green than the red is about keeping markets stable and healthy.

prefer the idea of regulated capitalism over death through fascism.

what led to '08?

anyway...if you're money is on Tesla*, good luck. good to see a body putting their money where their mouth is. and great to see you in favor of moving away from fossil fuels. investing in the future.

if we can get there.

FYI: interesting article about the marketing of tesla
https://melmagazine.com/en-us/story/tesla-masculinity-study?utm_source=digg
from the skinny on the CEO, it is an absolute match.


BTW: keeping up w/the Jan 6 spankings? hard to buy the love of a loon, versus the safety of a nation. shakes a person to the core. all those serene conservatives w/o one iota of spine. if this is your idea of quality leadership - no Tesla stock is gonna fill the void of losing a homeland


*what did E.M. do for Twitter? taught some folks the meaning of 'cozener'.

Lol.
Reasontv, the network of the insanity from Stossel, with the stated position that “free market and deregulation is the solution to any and every problem imaginable”. That’s the best you’ve got!?! Then you’ve got NOTHING. You actually complain that CNN isn’t trustworthy, then you post from Reasontv!?! Er mer gerd! 🤦‍♂️ why not just post Beck or Jones?

They completely misrepresent what the report, and climate activists, and politicians have said with bad editing and lies here, no surprise, you posted it, it was guaranteed to be DISHONEST nonsense propaganda.

Land temperatures reached 1.3C above pre industrial norms in 2020. Every prediction made has come true well ahead of schedule. Temperature rise is accelerating, it’s not the flat straight line nor a slowing rate like they showed but an increasing curve. The last 7 years were all in the top 10 hottest ever, the last decade had 9 of the hottest ever, and we are experiencing a global drought never seen by modern man….but according to you, nothing burger, totally normal, chicken little.

https://www.iflscience.com/nine-of-the-top-10-hottest-years-ever-all-occurred-in-the-last-decade-62232

There is one thing I agree with, the “12 years to stop climate disaster” notion (not what the science says btw) is wrong. We have -20 years +-. The CO2 we put in the atmosphere today will effect climate for hundreds to a thousand years, the nitrous oxide for about 120, methane around 10. We have reached the point where natural emissions will soon take over, adding more than humans ever did. Scientists estimate that’s at 1.5C, but every estimate they’ve made public has turned out to be optimistic in the extreme, so 1.5C is almost certainly wishful thinking and 1.25C is more likely the threshold. We can both mitigate the effects and slow the rate of change, but at this point staying below 1.5C is a pipe dream no one is actually even working towards.

I think the reality is that, using current models, assuming no surprises or feedback loops, we have (now 8 ) years before the adding these greenhouse gasses in the atmosphere will carry us well beyond 1.5C above “normal” with no additional emissions needed….not that we will definitely hit 1.5 by 2030 but we will be able to coast there even with zero emissions.
I know, math and science together, way too hard, better to just listen to the oil spokesmen who say “it’s a hoax, pay no attention to the cities reaching 130F, the unprecedented heat globally, the rapidly melting (or melted) glaciers that historically provide drinking water for 1.9 BILLION people, or the never before seen by man extreme global droughts, they’re all normal and natural and why are you still talking about it?”.

No surprise, one more undeniable, in your face disaster you simply deny exists….like Covid, Jan 6, Russian election interference, -3.5%gdp, Trump terrorism, etc.
Can we have your name so when the global food supply is insufficient we know who’s family to deny food?