Joe Biden and Kameltoe have tanked the economy…Just in time for elections.

submitted by GuyWhite from self.politics

Impeccable timig!

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[–]GraviPirate Party 5 insightful - 6 fun5 insightful - 5 fun6 insightful - 6 fun -  (1 child)

Naaah, it was 100% Trump! Orange man bad!

Joe Biden made a gorillion new jobs and the economy is better than ever, you're just racist!

[–]GuyWhite[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

At least you’re correct about the racist part.

[–]Hematomato 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (9 children)

The Nikkei just had its worst single-day crash in history. Every single market in Asia is down sharply.

The main cause seems to be in the tech sector. The crypto bubble is popping as crypto is seen by more and more people as more scam than revolution. The concept of social media itself seems to be dying. Internet advertising demonstrably doesn't work. Billions of dollars have been invested into AI, which isn't returning a cent in profit yet.

The only sector in information tech that seems to make any money at all is cell phones, and they're kind of yesterday's news at this point.

Meanwhile, the Federal Reserve decided that cutting the interest rate would probably lead to further inflation, so it refused to do it.

Obviously all of this is the fault of exactly two people <eyeroll>

[–]YoMamma 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (4 children)

Excellent points. This latest NASDAQ correction is of course not informative of the massive improvements in the US economy since 2020. It's just a 'correction' that is of course necessary and temporary in the market. The impact of that on the rest of the US economy isn't much.

[–]GuyWhite[S] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (3 children)

Yes, and inflation was just “transient” too. That was another demonratic talking point that was a lie.

[–]YoMamma 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

The market correction is global, prompted especially in the East. It's entirely unrelated to the US president. When looking at the US economy, you can see that it's improved substantially since 2020. That's thanks to Democratic approaches under Biden and associates. You're conflating global trends with a dumb assumption that the US president controlls any of that.

[–]Smalls 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Associates?

[–]YoMamma 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

= other Demonrats

[–]Smalls 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Japan raising interest rates on the Yen started this. Now people are selling the U.S. stocks they bought with loans of Japanese Yen converted to U.S. Dollars. It seems the "free" money inflated stock value. We'll see how far this goes.

[–]YoMamma 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Seems you're the only one here who knows what happened (ie. bothered to read the news).

[–]GuyWhite[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

It’s the economy, stupid.

…..James Carville

[–]Hematomato 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Carville's not wrong. When the economy sucks, it makes people want to change leaders. Even though national leaders have such a small contibuting effect to the state of an inarguably global economy.

[–]GuyWhite[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

As of about 8:00 am EDT, NASDAQ futures are down 4%.

Kameltoe will brag that she has solved inflation.

Edit: As of noon EDT, the three major US stock market indices are down >2%.

Edit 2: Losses for today. Dow Jones -2.6%. NASDAQ -3.43%. S&P -3.0%

[–]Smalls 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

This will either be a short correction or the start of a big one. Could it be a ripple effect from the Nikkei? I don't get my income from stocks, so I have other concerns that this may be connected to.

[–]YoMamma 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (7 children)

False, by any standard.

Look up any graph and notice the economy tanking under the Trump and Repugs.

Biden doesn't control the economy, but it's improved A LOT, under Biden:

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2023&locations=US&start=2017

NASDAQ will recover from it's current correction. You can't look at the entire US economy by examining only one day's activity on NASDAQ. That's just dumb

[–]GuyWhite[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

Sleepy Joe’s and Kameltoe’s spending caused massive inflation. People are suffering. Fed has to raise interest rates to unaffordable levels. Nobody can afford a mortgage. Or food. Then to claim that Joe and Kameltoe don’t have any impact on the economy is one of the Big Lies that you want us to believe.

Not just one day…Nasdaq is down 5% some last Wednesday. Japan’s Nikkei is down 20%.

[–]YoMamma 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

The market correction is global, prompted especially in the East. It's entirely unrelated to the US president. When looking at the US economy, you can see that it's improved substantially since 2020. Look at ANY graph. That's thanks to Democratic approaches under Biden and associates. You're conflating brief global market corrections with a dumb assumption that the US president controls any of that.

[–]P-38lightning 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

You don't ever hear yourself, do you?

"Biden doesn't control the economy, but it's improved A LOT, under Biden"

[–]ID10T 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Typical shill, it's not my party/candidate's fault for anything bad but totally their fault for anything good.

Inflation's up, jobs are down and now this.

[–]GuyWhite[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I noticed that too.

[–]WoodyWoodPecker 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Harris is Border Czar 2021, Harris was never Border Czar 2024.

[–]YoMamma 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Do you not understand how that works? (Only morons might think that one person controls the US economy.)

[–]P-38lightning 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

We did it Joe!

[–]Oyveygoyim 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

They're both puppets for their jewish masters. Just listen to either one when they talk.

[–]jet199 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

As was predicted.

I sold most of my shares and put my pensions to low risk months ago.

This is why you should listen to crazies on the internet

[–]GuyWhite[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

My pension is investments too. I have a 25% in CDs. They will last a few years until Trump straightens things out. Hopefully.

[–]Jiminy 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Unless another fake pandemic happens under trump and he goes along with it.

[–]WoodyWoodPecker 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Or another Assassination attempt?

[–]Jiminy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Not sure I think that was a hoax