Biden has presided over three of four worst bank failures in US history

A whole lot of negativity occurred under Trump’s watch, for example;

1. March 2020’s Oil Market Crash……

Results;

a. Over 100,000 oil&gas employees were laid off
b. Record high oil&gas Bankruptcy debt…..over $100 billion

Republican excuse; The pandemic crashed our oil&gas industry

YEAH, BUT THE CRASH OCCURRED UNDER TRUMP’s WATCH!

2. From Feb 2017 to Jan 1st 2021, SIX U.S. refineries permanently closed their doors, thus, reducing refining capacity by approx. 500,000 barrels per day.

Note; A significant loss considering the fact that in 2021/2022, demand for diesel and gasoline surpassed refinery production.

Republican excuse; “The Lib’s environmental regulations shut them down”

YEAH, BUT SAID PERMANENT CLOSURES OCCURRED UNDER TRUMP’s WATCH!

3. 2020’s LOCKDOWNS

Republican excuse; “Blame Trump’s Health Experts, thus, Fauci & Co.”

YEAH, BUT THE LOCKDOWNS OCCURRED UNDER TRUMP’s WATCH!

4. During Trump’s presidency, the debt increased by nearly $8 Trillion

Republican excuse; “Congress controls the purse”

YEAH, BUT SAID INCREASE OCCURRED UNDER TRUMP’s WATCH!

 

He had every authority and opportunity to step in but he didn't so therefore this happened on his watch

 

Orange stain, orange stain, orange stain!

Like the old delusional man yelling at the sky.

 

The left can't assign any level of blame for inflation on Biden, thus any desire to raise rates to slow it which led to the failures are equally ignored.

Must be nice to live in this alternate reality completely devoid of simple logic.

 

He was trying to appease the demands of the right for deregulation.

 

Oh BS, he could care less what anyone who didn't vote for him wants.

 

That might be the approach he should take. This situation is a perfect example.

If he regulated the banking industry, the right will complain. If he deregulates and they fail, the right will complain. It's a lose lose situation.

 

Well he's the one that wanted the job so he should learn to act

 

Just a couple years of dem rule and a booming economy turns into a recession.

 

Lose lose huh? Sounds like Trump but with Dems lol.

 

Correction; A government funded booming economy

Question; When was the last time Corporate USA took over the economy?

Rephrase; When was the last time Uncle Sam didn’t need to stimulate the economy?

 

To call Biden not responsible for anything is truly accurate on your part since Biden is mentally incapable of being responsible for anything. Of course, the failing of this nation has nothing to do with Trump and is truly the failing of the puppeteers pulling the Biden strings. You know it and we all know it.

 

Headline; Biden concedes his Covid stimulus checks fueled spike in inflation

Headline; Powell admits Fed got it wrong on inflation

IQ Question; What were the non preventable factors that contributed to a rise in inflation?

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

 

One, is all you need.

1. COVID

You can argue that COVID was preventable but in our very mobile world society a pandemic of some sort was only a matter of time.

 

So now you think presidents have the power to legislate unilaterally ?

 

1. March 2020’s Oil Market Crash

The pandemic swiftly and significantly lowered the demand for refined oil products, and oil producers HAD TO shut in thousands of wells because their above ground storage tanks were near overflowing.

Question; How much oil remained in the ground due to a plummeted demand?

a. Prior to the oil market crash, (Feb 2020), our wells were producing 12.8 million barrels per day

b. The shut-ins lowered production to 9.7 million barrels per day, (May 2020).

Question; Prior to the oil crash, if our wells we producing 12.8 million bpd, how come said wells weren’t producing same amount when Demand picked up, and/or when demand exceeded production?…..all they have to do is turn on the taps, right?

Answer; For a full explanation, Google “Why oil producers don’t like to shut in their wells?”

Also, the wells owned by the bankrupted producers remained idle, and prior to the bankruptcies, said wells were producing approx. 400,000 barrels of crude per day.

In addition, and mainly in 2021, supply chain issues, and labor shortages negatively affected Drilling and Fracking.

Last Question; How many Republicans on this site would jump off their rocking chairs, and purchase a well that was shut in for approx. 6 months, and for only $1?

Warning; The risk of buying a dormant well, same as buying a commercial property that is potentially contaminated, thus, good luck!

Next, number 2…..The Texas Deep Freeze

 

Did he remove laws?
Or have those 'lack of' laws never been law?

Or did a previous prez and congress remove some laws?

 

For the most part, yes.
Congress and the president need to reinstate laws that Congress and another president took away.

 

And yet you make the claim that he "presided" as in he is the CEO, CFO, etc of the three of the four bank failures in US history. And we all know that is totally bogus.

Remember, the reason why these bank failures happened or may have happened is that we got rid of the under $250 billion bank asset stress test requirement, these banks relied on wealthy, very wealthy, depositors, and the extremely low interest rates from 2019 to 2021, and an overreliance on Tech Industry startups that had a high risk, high reward scheme to them. It is similar to what happened to banks who over-relied on subprime mortgage rates to keep their profits going. And a lot of that was on Trump's watch to begin with.

 

I think he campaigned on trying to be more moderate and reaching across the aisle, but it's hopeless because the extremist right will complain no matter what.

 

Biden is in charge. He's in charge of the necessary checks, measures, regulations and laws under his watch with the banks. Same with pulling out of Afghanistan, it was up to Biden on how to coordinate a withdraw. He can't sit there like a daft duck and blame the last administration for his inaction and feck ups.

 

He campaigned on nothing but a pack of lies.
He's been more divisive than any president

 

Evidently Trump had the power to deregulate so are you telling me that biden's less effective than Trump?

 

Let’s play; Who’s at fault? a partisan blaming game by Hasbro…..

Players take turns at picking a PROBLEM CARD

Problem card states; “During a period when Covid grew exponentially, CDC reported two serious flaws in the test kits they’ve distributed to public health laboratories”…..Who’s at fault?


Response from Republican players; “CDC”

Response from Democrat players; “Yeah, but CDC’s testing kits phoook-ups occurred under Trump’s watch”

 

Our previous president assailed the opposing party almost every other day and it worked for his base.

Implement dem policies. Complain. Implement GOP policies. Complain. Now that's divisive.