Quote:The White House just keeps on trotting out Joe Biden, and he just keeps on giving speeches that will make you want to gouge your own eyes out. Imagine being told over and over that pigs can actually fly, with no amount of evidence changing the narrative. That's what it's like to listen to any messaging coming out of the Biden administration.

Things kicked off after Biden landed in Minnesota, where he took the short stairs off Air Force One because we have a president who can't be trusted to use the normal airstairs literally every other president has used. It's fine, though. Just pretend like you don't notice.

Pretty soon, it was time for another riveting speech on "Bidenomics," perhaps the worst political marking scheme in modern history.

Prices are up nearly 18 percent since Biden took office and interest rates are so high no one can buy a house! Amazing!

Every time I hear the president go on about Bidenomics, I want to slowly press my palm to my face. It's such an insult to hard-working Americans who are struggling right now. This is an economy that has left almost no one better off than they were pre-COVID. Savings rates have declined, wage increases have not kept up with inflation, and buying anything on credit is just about the dumbest decision you can make. That all adds up to stagnation. Normal people can't get ahead because property investment was once the safest and smartest way to grow wealth.

Could someone please get Biden to stop "transforming" the economy? Because we could all use some relief. This wasn't an economy that needed to be transformed. It was one that needed common sense at the helm. Instead, we got a guy who wants to cosplay as FDR, and the results have been predictable. Worse, there's no end in sight. The damage is so extensive, it could take a decade to fully recover, and that's assuming big changes happen after 2024.

Have we, though? Because I'm pretty sure we've come out much weaker over the last few years, and certainly, if we are talking foreign policy, things are far worse. Success is not guaranteed in life. It is not just a natural outgrowth of America. It takes competent leadership willing to make moves that may counter their political ideology. Biden isn't willing to do that, being a creature of the far-left, and again, the results have been predictable.

So what's the president's grand plan? More bio-fuels!

Bio-fuels are trash. They are rough on the engines that use them, and because they reduce fuel efficiency, there is no real savings nexus that makes sense. Then you have to consider that using mass amounts of corn and other food products for fuel raises the cost of actual food.

If I had to describe how I felt watching this latest speech in one word, it would be "tiring." I'm just tired of the failure. I'm tired of the malaise. I'm tired of watching opportunities melt away for middle-class Americans over things that are out of their control. I'm begging voters to change course in 2024.

Link

So Tom, unlike ‘20, are you voting for Uncle Joe this time?

Democrats can only fix the problems they created, they can't seem to improve on things that are already going good.

(11-02-2023 10:50 AM)Was SoMs Eagle Wrote:  So Tom, unlike ‘20, are you voting for Uncle Joe this time?

Morons on the left actually believe this brain dead pedophile when he babbles about his Bidenomics

this is as good a thread as any for this...

https://www.zerohedge.com/markets/worlds...obal-trade

Quote:The shipping giant A.P. Moller-Maersk A/S reported a slide in profit and revenue for the third quarter, forcing the company to take a defensive position by eliminating upwards of 10,000 jobs as falling container rates and waning demand batter the global shipping industry, which could last through 2026. However, the shipper maintained its full-year guidance at the lower end of the previously stated guidance.

"If you look at the order book and what is going to come over the next couple of years, I think we're probably settling in for a very subdued and pressured environment for two to three years ahead," Chief Executive Officer Vincent Clerc told Bloomberg TV's Mark Cudmore and Tom MacKenzie on Friday morning.

Maersk, which controls about 17% of global container trade, started reducing its workforce from 110,000 in January and will be below 100,000 by the end of the year - this will result in a $600 million cost savings. Clerc said about 6,500 positions have already been eliminated.

Quote:Maersk is considered a bellwether of global trade. Container lines are already seeing earnings drop after record profits in 2021-22 when demand for consumer goods during Covid surged.

As per the World Container Index and the Baltic Dry Index, global shipping rates of major routes have already plunged by 75%-85% from their 2021 peaks.

I can't figgle out why?

I called an overall market downtick starting in #q2'23 back in early '22 ... get ready, boys ... don't be surprised if 'Ethel and the big one begins by #q2'24 ... if not for the 'Great Exodus and Southern Border Invasion', she'd already be in mid gear...

one can only rob peter to pay paul for so long....

Hey old man, you're slipping. You forgot the asterisk (*), again.