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Joe Biden needs to lower the interest rate before the election to curb inflation in the hopes of getting re-elected, the FED is going to do this for him (swamp). Now when you raise interest rates the price of oil goes down, Joe has been doing this for... moreJoe Biden needs to lower the interest rate before the election to curb inflation in the hopes of getting re-elected, the FED is going to do this for him (swamp). Now when you raise interest rates the price of oil goes down, Joe has been doing this for 3 years trying to get oil down because of inflation. So obviously when he lowers the rate before the end of summer the price of oil will increase. Now to offset that Joe thinks he can get OPEC to drill more to offset the price increase of oil that he will cause by lowering rates. OPEC won’t drill more. So Joe is going to point to the #s and say “I lowered rates, I stopped the inflation.” While the price of oil skyrockets which then makes the cost of pretty much everything go up. We know currently inflation is going up as per the CPI numbers released this morning. ^2.2%. This ball is already rolling this is happening now, next fed meeting everyone already knows he’s lowering the rate by .5%. OPEC Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela (the five founders), plus Algeria, Angola, Congo, Equatorial Guinea, Gabon, Libya, Nigeria, and the United Arab Emirates. Is not going to play ball with Joe as a matter of fact the Saudis don’t even answer his call. They have already committed to less drilling. Joe is lowering the rate putting the working man in a tighter financial squeeze in the hopes the sound bite gets him re-elected.
That is Bidenomics. less
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As the U.S. economy kept on recovering from the COVID-19 pandemic, it gained 14.9 million jobs in total. However ...
What's False:
About 9 million of those jobs were lost during the pandemic, so the net jobs gain from pre-pandemic... more
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Apr 12
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