Drain The Swamp II

[Alan Roehrich]

Originally Posted by Eddies66

Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices, did you get any profit sharing from Big Oil?

Profit ain't a dirty word. Figure the percentage compared to the volume. Figure the government is trying desperately to put them out of business. And figure how oil is involved in everything you have, wear, use, eat, or drink.




Sorry, the cries about oil company profits only bring jeers. The profit on oil is minuscule compared to insurance, banking, securities, or government.

[Mark Yacavone]

Did you think I was engaging in hyperbole in my first post here?
Better question would be ..What has the Left NOT corrupted in this country ?


https://www.armstrongeconomics.com/i...ing-was-a-lie/

[Eddies66]

Originally Posted by Mark Yacavone

Did you think I was engaging in hyperbole in my first post here?
Better question would be ..What has the Left NOT corrupted in this country ?


https://www.armstrongeconomics.com/i...ing-was-a-lie/

Maybe every Republican President since Hoover has driven us into a depression or recession. Trump only increased the debt by a third. Only $7.8 trillion then lowered the tax on the 1%, how would that ever be paid?

[Eddies66]

Originally Posted by Alan Roehrich

Profit ain't a dirty word. Figure the percentage compared to the volume. Figure the government is trying desperately to put them out of business. And figure how oil is involved in everything you have, wear, use, eat, or drink.




Sorry, the cries about oil company profits only bring jeers. The profit on oil is minuscule compared to insurance, banking, securities, or government.

I have no problem with businesses making a profit. But when that profit affects inflation because every form of transportation used petroleum. Of coarse that cost of fuel impacts every family and the supply chain. I am less impacted by it because I am no longer commuting, store I use is less than two blocks away. Medical is two miles from the house.

[Randy Wells]

Originally Posted by Eddies66

I have no problem with businesses making a profit. But when that profit affects inflation because very form of transportation used petroleum. Of coarse that cost of fuel impacts very family and the supply chain. I am less impacted by it because I am no longer commuting, store I use is less than two blocks away. Medical is two miles from the house.

Not sure what very form of transportation and very family means. LOL.

Randy

[Eddies66]

Originally Posted by Randy Wells

Not sure what very form of transportation and very family means. LOL.

Randy

Let’s try every

[Superpro]

Originally Posted by Eddies66

Let’s try every

Me thinks he was gettin' even for correcting his grammar earlier?....Not criticizing, but I guess what is good for the goose........!

[Eddies66]

Originally Posted by Superpro

Me thinks he was gettin' even for correcting his grammar earlier?....Not criticizing, but I guess what is good for the goose........!

No excuses, I don't have a problem with it, spell check would never see it.

[Alan Roehrich]

Originally Posted by Eddies66

I have no problem with businesses making a profit. But when that profit affects inflation because every form of transportation used petroleum. Of coarse that cost of fuel impacts every family and the supply chain. I am less impacted by it because I am no longer commuting, store I use is less than two blocks away. Medical is two miles from the house.

Talk to your boy Beijing Joe. When he took office, gas here went from $1.89 a gallon of regular to $3.29 for a gallon of regular. In under 6 months, strictly on the basis of Biden's energy policy, when he started on the first day by killing the Keystone pipeline, at the stroke of a pen, by executive fiat, putting thousands out of work in the process.Inflation is purely a product of government policy, mostly spending and debt. Inflation under Trump was around 3%. Even now, Biden refuses to accept ANY cuts in government spending, with inflation at near record levels. Not sure how anyone with a brain can believe that we need 87,000 new IRS agents. Not seeing how we need 2-3 IRS agents for every millionaire and billionaire. Between their spending and energy policies, it's the democrats driving fuel prices up, and running inflation to record levels. Jacking the prime interest rate through the Fed has predictably caused a serious credit crunch. There's your recession.


You are right about one thing. It was Hoover signing the Smoot Hawley tariffs that started the recession before World War II. But it was FDR that drove the nation further into economic failure, with massive government spending, and enacting a ponzi scheme, only rescued by a cataclysmic World War.


However, in the seventies it was the spending of a democrat congress, worsened by Jimmy Carter. In the nineties, more government spending, another democratic congress, although Bush Sr. was stupid enough to agree to tax hikes, never getting the promised spending cuts. In 2007-2008, the crisis was sub prime lending, forced by the democrats and their demands that banks write loans to borrowers who were terrible risks.


That's a pretty impressive pair of seriously dark tinted rose colored glasses you have there.

[Eddies66]

Originally Posted by Alan Roehrich

Talk to your boy Beijing Joe. When he took office, gas here went from $1.89 a gallon of regular to $3.29 for a gallon of regular. In under 6 months, strictly on the basis of Biden's energy policy, when he started on the first day by killing the Keystone pipeline, at the stroke of a pen, by executive fiat, putting thousands out of work in the process.Inflation is purely a product of government policy, mostly spending and debt. Inflation under Trump was around 3%. Even now, Biden refuses to accept ANY cuts in government spending, with inflation at near record levels. Not sure how anyone with a brain can believe that we need 87,000 new IRS agents. Not seeing how we need 2-3 IRS agents for every millionaire and billionaire. Between their spending and energy policies, it's the democrats driving fuel prices up, and running inflation to record levels. Jacking the prime interest rate through the Fed has predictably caused a serious credit crunch. There's your recession.


You are right about one thing. It was Hoover signing the Smoot Hawley tariffs that started the recession before World War II. But it was FDR that drove the nation further into economic failure, with massive government spending, and enacting a ponzi scheme, only rescued by a cataclysmic World War.


However, in the seventies it was the spending of a democrat congress, worsened by Jimmy Carter. In the nineties, more government spending, another democratic congress, although Bush Sr. was stupid enough to agree to tax hikes, never getting the promised spending cuts. In 2007-2008, the crisis was sub prime lending, forced by the democrats and their demands that banks write loans to borrowers who were terrible risks.


That's a pretty impressive pair of seriously dark tinted rose colored glasses you have there.

Alan you seemed to have cherry picked the issue, you conveniently missed Eisenhower, Nixon and Reagan. All I am seeing is the dems did it. None of the Presidents had veto power?

The “King of Debt” Trump promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president. This is going to affect our economy for years.

Alan I respect your well thought out opinion but let’s be real, there is enough blame to go around for both parties. I will continue to vote my agenda regardless if it Republican or Democrats. I want you to take a look at what the Congressional Budget Office proposed to Congress with regards to Veterans. I am totally offended my the mere suggestion of cutting benefits. I pressed my representative and got a canned response, “cuts need to be made”…Mr. Calvert, your *** is gone!”