2022 Midterms thread

[Chico23231]

Originally Posted by SunnySide

House Speaker Nancy Pelosi's spokesperson confirmed that Virginia Gov. Glenn Youngkin sent a handwritten note of apology to her for comments he made after the assault on her husband, Paul Pelosi. The letter was postmarked for Nov. 1.

The letter comes after the Virginia Republican, while stumping for congressional candidate Yesli Vega, said about Paul Pelosi's assault: “Speaker Pelosi’s husband had a break-in last night in their house, and he was assaulted. There’s no room for violence anywhere, but we’re gonna send her back to be with him in California. That’s what we’re going to go do.”

After his remarks, he told Punchbowl News: "At the end of the day, I really wanted to express the fact that what happened to Speaker Pelosi’s husband was atrocious. And I didn’t do a great job.”

Punchbowl was the first to report about the letter.

https://www.cnn.com/politics/live-ne...022/index.html

Stand up move from Youngkin considering what he said wasnt close to as bad as what ted cruz and trump and others said.

Rule is ... dont go full MAGA in a purple state

Youngkin is clearing a lane, it’s obvious to everyone. I don’t think he should run

[SunnySide]

Originally Posted by Chico23231

Dems held the all branches of government leading the country headlong into a recession, record crime, fentanyl deaths, baby formula crisis, illegal immigration, record gas prices, record learning loss in school, record Covid deaths, record inflation, …and it’s the gop not doing anything to help the American people.

I can point to every democrat policy and strategy decision to the impacted items above…point to the democrats help please when you controlled all levels of government?

And chemical castration of minors. Dont forget the chemical castration of minors ... against their will, during lunch and without parental consent.

In the same sentence .. you blame Dems for closing schools during covid and then blame Dems for the covid deaths. which is it? Did the Dems push too many or too little safety precautions during Covid?

Doesnt Biden get credit for having crime drop by 1% in America?
https://www.bbc.com/news/57581270

Doesnt Biden get credit for slowing inflation in America faster than Europe?
https://www.11alive.com/article/news...f-4ca3389175ff

Doesnt Biden get credit fort passing the Inflation Reduction Act?
https://www.npr.org/2022/08/11/11162...tions-answered

As a reminder from last week ... the apolitical Fed Reserve and not Biden makes decisions on when to raise interest rates. If Trump or Biden had their way, int rates would never be raise during their terms and pass the buck

---------

In all honesty and sincerity ... inflation/recession was going to hit no matter who was president or in control. Its a global thing where the entire Earth is paying the Covid bill and Russia invading Ukraine.

[SunnySide]

Originally Posted by MTK

Oz was a bad candidate. Really bad. Everyone knows he's a quack and a phony.

Half my family is from the coal mine towns of western PA ... they do not like outsiders and rich people.

Most of my family up there look like Fetterman. They are MAGA heavy so I guess they voted R.

[sdskinsfan2001]

Pennsylvania, what an utter disaster of picking candidates. Clown show up there.

[SunnySide]

Kentucky voted against an amendment that would have made their near total ban on abortions iron clad.

Currently it bans abortions after 6 weeks and voting yes or no to Amendment 2 wouldnt change that, would just make it impossible to ever change law to be more lenient for abortions.

Closer than I thought but there is "funding" language thrown in there .. i can only guess why

https://www.wlky.com/article/kentuck...cted/41910376#

[sdskinsfan2001]

Originally Posted by MTK

lol buh bye bobo

This is good news for sane republicans. Especially if they will still control the house anyways. Too bad Greene couldn't lose too.

[SunnySide]

Republicans won over White women and Democrats lost support among Latino voters

This year, Republicans won a majority of White women, an important voting bloc the two parties split in 2018.

Republicans also made good on predictions that they would perform better among Latino voters than they did four years ago.

Democrats’ support among Latino men was 63% in 2018 and is under 55% in 2022, according to the early exit polls. Republicans appeared to cut into Democrats’ advantage among Latino women, although Democrats still got the support of about two-thirds of them.

https://www.cnn.com/politics/live-ne...022/index.html

No bueno

[Chico23231]

Originally Posted by SunnySide

And chemical castration of minors. Dont forget the chemical castration of minors ... against their will, during lunch and without parental consent.

In the same sentence .. you blame Dems for closing schools during covid and then blame Dems for the covid deaths. which is it? Did the Dems push too many or too little safety precautions during Covid?

Doesnt Biden get credit for having crime drop by 1% in America?
https://www.bbc.com/news/57581270

Doesnt Biden get credit for slowing inflation in America faster than Europe?
https://www.11alive.com/article/news...f-4ca3389175ff

Doesnt Biden get credit fort passing the Inflation Reduction Act?
https://www.npr.org/2022/08/11/11162...tions-answered

As a reminder from last week ... the apolitical Fed Reserve and not Biden makes decisions on when to raise interest rates. If Trump or Biden had their way, int rates would never be raise during their terms and pass the buck

---------

In all honesty and sincerity ... inflation/recession was going to hit no matter who was president or in control. Its a global thing where the entire Earth is paying the Covid bill and Russia invading Ukraine.

It’s not honesty and sincerity to say inflation and recession was gonna hit…bullshit of the highest order.

These are the same people who said lockdowns work, the same people who voted to hand out free money and paid people to stay home, the same people who said no serious economists thinks inflation is here to stay, the same people who caused an energy crisis with multiple regulations, tax increases on producers, pipeline closure, lease/permits halted that raised the price of gas, desiel which is an inflation driver.

Again talk hypotheticals..you guys are full of shit.

Tell me how the inflation reduction act drops inflation and at what impact? 1% in 2-3 years? You guys raised taxes on the middle class in the act. Check the CBO report.

And the crime data is incomplete as only 60% of precincts submitted stats including major cities which have seen crime skyrocketed. It used to be 90% of precincts submitted.

[Chico23231]

My god and you know it’s not only interest rates when it comes to inflation? You should cut spending to work hand in hand…instead you guys spent trillion, much of what hasn’t been used.

And you wanted to spend even more!! Lolololol

[SunnySide]

The chair of the Federal Reserve is often referred to as the second most powerful person in the world, after the president of the U.S. But no matter how powerful the job may be, it doesn’t prevent its holders from making big mistakes.

The Fed chair’s power stems from the ability to guide the federal funds rate, which sets the cost of money for the world economy.

And that’s exactly why Fed Chair Jerome Powell’s total miss on the inflation story in 2021 was so devastating.

“Readings on inflation have increased and are likely to rise somewhat further before moderating,” said Powell in April 2021. “However, these one-time increases in prices are likely to have only transitory effects on inflation.”

If only. Year-over-year inflation rose 4.2% in April 2021—the most recent reading was nearly double that rate, up 8.3% year over year in August 2022. Using the Fed’s preferred inflation gauge, PCE inflation is nearly 3 percentage points higher than the Fed’s target rate.

The Fed’s big, ugly inflation whiff meant it’d been forced to ratchet up interest rates dramatically and put its giant balance sheet on a diet.

The Fed policy has forced major declines in stock and bond markets. In fact, 2022 looks like it could be the worst year for investors since the Great Recession.

How did the Fed get inflation so wrong? Let’s take a closer look.
The Global Response to Covid-19

When governments worldwide fought Covid-19 by restricting travel and shuttering their economies in early 2020, markets went into a tailspin.

Stocks dropped, the bond market cratered, and oil prices went negative. Central banks worldwide cut interest rates to zero and reassured citizens that they would do what it took to keep credit markets functioning properly. The Fed did its bit by slashing rates and restarting its quantitative easing (QE) program.

The gambit worked with an unprecedented $2.2 trillion U.S. fiscal stimulus bill: Bond markets stabilized, stocks recovered, and household budgets were fortified through direct payments and expanded unemployment insurance.

Throughout the latter part of 2020, Powell agitated for another massive Congressional relief package.

“Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell said in October 2020, roughly seven months into the Covid-19 pandemic. “The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods.”

A few months later, Congress passed a $900 billion relief package. Several months after that, Congress passed yet another relief bill, this time to the tune of $1.9 trillion.

The federal government spent roughly $5 trillion to aid the national economy in response to Covid-19 lockdowns and restrictions.

Over the same period, the Fed added more than $3 trillion to its balance sheet through long-term bond purchases. It would tack on more than $1 trillion more by spring 2022.

All in all, the rescue packages worked a little too well.

https://www.forbes.com/advisor/inves...flation-wrong/

Ive been reading a good bit on the inflation ... and youre just wrong chico. Youre just politically blind to any rationale thought that maybe Biden isnt in the top 3 reasons we are having inflation, let alone solely responsible.

Economy is hurting right now.

If Biden or Trump was president ... our economy would be where it is at today (imo).

Except Trump would have politicized and attacked the fed, fired Jerome Powell and a russian flag would be flying over Kyiv right now.

[sdskinsfan2001]

Can't we say that there are many causes outside of our current government's control that have absolutely contributed to inflation but the administration also hasn't done a great job of handling it either? Does it have to be all or nothing for 1 side or the other?

[SunnySide]

Originally Posted by sdskinsfan2001

Can't we say that there are many causes outside of our current government's control that have absolutely contributed to inflation but the administration also hasn't done a great job of handling it either? Does it have to be all or nothing for 1 side or the other?

[Giantone]

Originally Posted by Chico23231

And then there fetterman

Maybe due some research chico.

[Chico23231]

Originally Posted by SunnySide

The chair of the Federal Reserve is often referred to as the second most powerful person in the world, after the president of the U.S. But no matter how powerful the job may be, it doesn’t prevent its holders from making big mistakes.

The Fed chair’s power stems from the ability to guide the federal funds rate, which sets the cost of money for the world economy.

And that’s exactly why Fed Chair Jerome Powell’s total miss on the inflation story in 2021 was so devastating.

“Readings on inflation have increased and are likely to rise somewhat further before moderating,” said Powell in April 2021. “However, these one-time increases in prices are likely to have only transitory effects on inflation.”

If only. Year-over-year inflation rose 4.2% in April 2021—the most recent reading was nearly double that rate, up 8.3% year over year in August 2022. Using the Fed’s preferred inflation gauge, PCE inflation is nearly 3 percentage points higher than the Fed’s target rate.

The Fed’s big, ugly inflation whiff meant it’d been forced to ratchet up interest rates dramatically and put its giant balance sheet on a diet.

The Fed policy has forced major declines in stock and bond markets. In fact, 2022 looks like it could be the worst year for investors since the Great Recession.

How did the Fed get inflation so wrong? Let’s take a closer look.
The Global Response to Covid-19

When governments worldwide fought Covid-19 by restricting travel and shuttering their economies in early 2020, markets went into a tailspin.

Stocks dropped, the bond market cratered, and oil prices went negative. Central banks worldwide cut interest rates to zero and reassured citizens that they would do what it took to keep credit markets functioning properly. The Fed did its bit by slashing rates and restarting its quantitative easing (QE) program.

The gambit worked with an unprecedented $2.2 trillion U.S. fiscal stimulus bill: Bond markets stabilized, stocks recovered, and household budgets were fortified through direct payments and expanded unemployment insurance.

Throughout the latter part of 2020, Powell agitated for another massive Congressional relief package.

“Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell said in October 2020, roughly seven months into the Covid-19 pandemic. “The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods.”

A few months later, Congress passed a $900 billion relief package. Several months after that, Congress passed yet another relief bill, this time to the tune of $1.9 trillion.

The federal government spent roughly $5 trillion to aid the national economy in response to Covid-19 lockdowns and restrictions.

Over the same period, the Fed added more than $3 trillion to its balance sheet through long-term bond purchases. It would tack on more than $1 trillion more by spring 2022.

All in all, the rescue packages worked a little too well.

https://www.forbes.com/advisor/inves...flation-wrong/

Ive been reading a good bit on the inflation ... and youre just wrong chico. Youre just politically blind to any rationale thought that maybe Biden isnt in the top 3 reasons we are having inflation, let alone solely responsible.

Economy is hurting right now.

If Biden or Trump was president ... our economy would be where it is at today (imo).

Except Trump would have politicized and attacked the fed, fired Jerome Powell and a russian flag would be flying over Kyiv right now.

Recapping isn’t an arguement and then saying “the rescue package worked to well” is stating “we overdid it, Bigly with too much money.” American rescue plan…only a Democratic voted package which didn’t even have tests ready for the next variant which cost more lives. Incompetence

Again you aren’t addressing the policies of the administration which put us here. Or the fact the President lied and ignored inflation environment. Or the fact the Democrats continued to spend.

It’s bullshit hypotheticals to ease your mind. I guess Putin only invades Ukraine when Obama and Biden are in office, that’s just another coincidence.

[Giantone]

Originally Posted by Chico23231

My god and you know it’s not only interest rates when it comes to inflation? You should cut spending to work hand in hand…instead you guys spent trillion, much of what hasn’t been used.

And you wanted to spend even more!! Lolololol

You're a republican fool.Please stop, just stop.