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Re: Uncle Joe

Posted: Tue Jan 09, 2024 1:49 pm
by jfish26
Shirley wrote: Fri Jan 05, 2024 3:19 pm Biden delivered the opening salvo in his reelection campaign a few minutes ago.

He did an excellent job. If this is any indication, finally, the gloves are coming off.

President Biden travels to Valley Forge in Pennsylvania to deliver a speech marking the anniversary of the Jan. 6 Capitol riot.
Emphasis mine.

https://heathercoxrichardson.substack.c ... ary-6-2024
Valley Forge National Park is the site of the six-month winter encampment of the Continental Army in the hard winter of 1777–1778. After the British army captured the city of Philadelphia in September 1777, General George Washington settled 12,000 people of his army about 18 miles to the northwest.

There the army almost fell apart. Supply chains were broken as the British captured food or it spoiled in transit to the soldiers, and wartime inflation meant the Continental Congress did not appropriate enough money for food and clothing. Hunger and disease stalked the camp, but even worse was the lack of clothing. More than 1,000 soldiers died, and about eight or ten deserted every day. Washington warned the president of the Continental Congress that the men were close to mutiny.

Even if they didn’t quit, they weren’t very well organized for an army charged with resisting one of the greatest military forces on the globe. The different units had been trained with different field manuals, making it hard to coordinate movements, and a group of army officers were working with congressmen to replace Washington, complaining about how he was prosecuting the war.

By February 1778, though, things were falling into place. A delegation from the Continental Congress had visited Valley Forge and understood that the lack of supplies made the army, and thus the country, truly vulnerable, and they set out to reform the supply department. Then a newly arrived Prussian officer, Baron Friedrich von Steuben, drilled the soldiers into unity and better morale. And then, in May, the soldiers learned that France had signed a treaty with the American states in February, lending money, matériel, and men to the cause of American independence. When the soldiers broke camp in June, they marched out ready to take on the British at the Battle of Monmouth, where their new training paid off as they held their own against the British soldiers.

The January 6 insurrectionists were fond of claiming they were echoing these American revolutionaries who created the new nation in the 1770s. The right-wing Proud Boys’ strategic plan for taking over buildings in the Capitol complex on January 6 was titled: “1776 Returns,” and even more famously, newly elected representative Lauren Boebert (R-CO) wrote on January 5, 2021: “Remember these next 48 hours. These are some of the most important days in American history.” On January 6, she wrote: “Today is 1776.”

Trump has repeatedly called those January 6 insurrectionists “patriots.”

Biden yesterday called Trump out for “trying to steal history the same way he tried to steal the election.”

Indeed. The insurrectionists at the Capitol were not patriots. They were trying to overthrow the government in order to take away the right at the center of American democracy: our right to determine our own destiny. Commemorating them as heroes is the 21st century’s version of erecting Confederate statues.

The January 6th insurrectionists were nothing like the community at Valley Forge, made up of people who had offered up their lives to support a government pledged, however imperfectly in that era, to expanding that right. When faced with hunger, disease, and discord, that community—which was made up not just of a remarkably diverse set of soldiers from all 13 colonies, including Black and Indigenous men, but also of their families and the workers, enslaved and free, who came with them—worked together to build a force that could establish a nation based in the idea of freedom.

The people at the Capitol on January 6 who followed in the footsteps of those who were living in the Valley Forge encampment 246 years ago were not the rioters. They were the people who defended our right to live under a government in which we have a say: those like the staffers who delayed their evacuation of the Capitol to save the endangered electoral ballots, and like U.S. Capitol Police officers Eugene Goodman, Harry Dunn, Caroline Edwards, and Aquilino Gonell and Metropolitan Police officer Michael Fanone, along with the more than 140 officers injured that day.


Fanone, whom rioters beat and tasered, giving him a traumatic brain injury and a heart attack, yesterday told Emily Ngo, Jeff Coltin, and Nick Reisman of Politico: “I think it’s important that every institution in this country, every American, take the responsibility of upholding democracy seriously. And everyone needs to be doing everything that they can to ensure that a.) Donald Trump does not succeed and b.) the MAGA movement is extinguished.”

Unlike the violence of the January 6th insurrectionists, the experience of the people at Valley Forge is etched deep into our national identity as a symbol of the sacrifice and struggle Americans have made to preserve and renew democracy. It is so central to who we are that we have commemorated it in myths and monuments and have projected into the future that its meaning will always remain at the heart of America.

Re: Uncle Joe

Posted: Tue Jan 09, 2024 1:56 pm
by ousdahl
Harry Dunn was there?!

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Re: Uncle Joe

Posted: Tue Jan 09, 2024 7:37 pm
by Shirley
Wow, any chance Joe Biden isn't from Scranton, Pennsylvania after all, but is one of those Texas oil men we always used to hear about?

Thanks, President Biden!

Jan. 09, 2024 6:50 PM ET U.S. oil production predicted to reach new records this year and next.

U.S. crude oil production will hit records over the next two years but grow at a slower rate, the U.S. Energy Information Administration said Tuesday.

In its latest Short-Term Energy Outlook, the EIA raised its 2024 U.S. crude production forecast to an average of 13.2M bbl/day, with a further increase to 13.4M bbl/day in 2025, both records, citing increased well efficiency for the expected growth rigs.


While U.S. crude production is forecast to rise by 290K bbl/day this year, growth likely will slow from the 1M bbl/day growth in 2023 due to lower drilling activity, the agency said.

The EIA also sees solar power as the leading source of growth in U.S. electricity generation in both 2024 and 2025, with 36 GW and 43 GW of new solar capacity coming on line, respectively, lifting the solar share of total generation to 6% in 2024 and 7% in 2025, up from 4% in 2023.

The agency also forecast OPEC+ production - excluding Angola, which recently left the cartel - will drop by 620K bbl/day to 36.44M bbl/day next year, down from a five-year average of 40.2M bbl/day before the COVID pandemic.

"Although we expect OPEC+ to restrict production to prevent prices from falling, we still anticipate global production to exceed consumption by mid-2025 and therefore for petroleum inventories to increase," the EIA wrote...

Re: Uncle Joe

Posted: Wed Jan 10, 2024 8:31 pm
by Shirley
Thanks, (deeply closeted Texas Oil Man?) Joe!

U.S. Overtakes Qatar To Become The World’s Top LNG Exporter

The U.S. has overtaken Qatar to become the world's largest exporter of liquefied natural gas (LNG) for the very first time in the industry's history.

The development comes hot on the heels of the U.S. being named the world's top crude oil producer heading in to 2024. However, topping the LNG exporters' league is considered even more remarkable. That's because the U.S. only joined the LNG export market as recently as 2016.


Different datasets compiled at the end of 2023 confirm the market ascendancy of U.S. exports. According to LSEG data, full-year LNG export volumes from the U.S. rose to 88.9 million metric tons (MT), while Bloomberg data appears to suggest a number in the region of 91.2 million MT.

The figures represent an uptick of around 15% in export volumes for 2023 on an annualized basis...

Re: Uncle Joe

Posted: Fri Jan 12, 2024 10:46 am
by Shirley
According to CNN, every state in the US is under a weather alert.

Thanks, Joe.

Re: Uncle Joe

Posted: Fri Jan 12, 2024 10:49 am
by Shirley
The PPI, Producer Price Index, a measure of inflation at the wholesale level, for December came in lower than expected, a sign that inflation continues to head downward.

The S&P 500 hit a 52-week high today, and is approaching an all-time high:


BREAKING: The S&P 500 has officially broken above 4,800 for the first time since January 2022.

The index is less than 20 points away from making a new all time high.

Since the October 2023 low, the S&P 500 is now up 700 POINTS in less than 3 months.


Over the last 9 weeks, the S&P 500 has added $6 TRILLION in market value.

Truly a historic move in the market.


Thanks Joe!

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Re: Uncle Joe

Posted: Fri Jan 12, 2024 11:46 am
by jfish26
Shirley wrote: Fri Jan 12, 2024 10:46 am According to CNN, every state in the US is under a weather alert.

Thanks, Joe.
How is it global warming if it's fucking COLD? Goddamn CCP-aligned globalist tricksters.

Re: Uncle Joe

Posted: Fri Jan 19, 2024 3:19 pm
by Shirley
Image
BREAKING: New reports show Americans have experienced the largest increase in consumer sentiment in decades. Even the media is beginning to report on the significant Biden economic wins.

Joseph Brusuelas
@joebrusuelas
UMICH Consumer Sentiment: the January survey increased to 78.8. The improvement over the past two months is largest since 1991 as the economy emerged from an inventory led recession. 1 yr & 5yr inflation expectations at 2.9% & 2.8% respectively. As inflation growth slows real wages rise & soft sentiment indicators will trail upward.

Acyn
@Acyn

KJP: Consumer sentiment increased 13% this month rising to its highest level in more than two years. In the last two months, sentiment has surged by 29%, the biggest two month jump in more than 30 years.

Re: Uncle Joe

Posted: Fri Jan 19, 2024 3:27 pm
by jhawks99
You're the best Uncle Joe!

Re: Uncle Joe

Posted: Fri Jan 19, 2024 3:41 pm
by Shirley
jhawks99 wrote: Fri Jan 19, 2024 3:27 pm You're the best Uncle Joe!
^^^

Image

Image

Oh, wait, 99! It's because

Trump:

Image

Re: Uncle Joe

Posted: Fri Jan 19, 2024 3:46 pm
by jfish26
Shirley wrote: Fri Jan 19, 2024 3:41 pm
jhawks99 wrote: Fri Jan 19, 2024 3:27 pm You're the best Uncle Joe!
^^^

Image

Image

Oh, wait, 99! It's because

Trump:

Image
And yet.

Re: Uncle Joe

Posted: Sat Jan 20, 2024 7:49 am
by Shirley
Today In: Thanks, Joe!

From seekingalpha.com

...The stock market closed the abbreviated week on a strong note, with the S&P 500 finishing at a fresh record high, boosted by a rally in semiconductor stocks and other big tech names on optimism around artificial intelligence. Chipmakers have posted strong gains since Taiwan Semiconductor said mid-week that it was seeing booming demand for high-end chips used in AI. Investors also were cheered as the University of Michigan's survey showed consumer sentiment improved in January to its strongest level since summer 2021. For the week, the Dow Jones gained 0.7%, the S&P added 1.2% and the tech-heavy Nasdaq Composite climbed 2.3%, lifting all three major stock market averages into positive territory for the year....

Meanwhile, it's good to be American!

Weekly Movement:

U.S. Indices

Dow +0.7% to 37,864. S&P 500 +1.2% to 4,840. Nasdaq +2.3% to 15,311.

World Indices

London -2.1% to 7,462. France -1.3% to 7,372. Germany -0.9% to 16,555. Japan +1.1% to 35,963. China -1.7% to 2,832. Hong Kong -5.8% to 15,309. India -0.9% to 71,887


Meanwhile, it's good to be American, part II:

The US is blessed with sufficient immigration to keep us from China and Japan's fate, a population that is aging significantly over time.

...A historic shift continues to take place in China that is having impacts on both the domestic and global economy. According to the National Bureau of Statistics, the nation's total population fell by over 2M in 2023 to 1.41B, marking the second straight year of contraction. The decline also more than doubled that seen in 2022, when the Chinese population shrank for the first time since the Great Famine of the Mao Zedong era. That's despite the lifting of the government's one-child policy in 2015, and incentives rolled out in 2021 to encourage people to have more babies...

Re: Uncle Joe

Posted: Sat Jan 20, 2024 12:16 pm
by Sparko
Diversity is strength.

Re: Uncle Joe

Posted: Wed Jan 24, 2024 11:54 am
by ousdahl
Biden repeatedly heckled at a campaign rally focusing on reproductive rights.

Hecklers asked how many kids he’s killed, and protested the killing of 2 mothers every hour, in that one thread in which overlander called for a ceasefire.

To that, Biden replied by accusing the protestors of being maga republicans, and the crowd drowned them out with chants of, “four more years!”

https://www.msn.com/en-us/news/politics ... r-BB1h9GRr

Re: Uncle Joe

Posted: Wed Jan 24, 2024 12:00 pm
by Shirley
ousdahl wrote: Wed Jan 24, 2024 11:54 am Biden repeatedly heckled at a campaign rally focusing on reproductive rights.

Hecklers asked how many kids he’s killed, and protested the killing of 2 mothers every hour, in that one thread in which overlander called for a ceasefire.

To that, Biden replied by accusing the protestors of being maga republicans, and the crowd drowned them out with chants of, “four more years!”

https://www.msn.com/en-us/news/politics ... r-BB1h9GRr
Whew!

So glad to hear he didn't tell the other members of the crowd to "knock the crap out of them", and then offer to pay their legal bills.

Re: Uncle Joe

Posted: Thu Jan 25, 2024 9:28 am
by twocoach
https://www.reuters.com/markets/us/us-f ... 024-01-25/

"The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and defied dire predictions of a recession in 2023 after the Federal Reserve aggressively raised interest rates, with growth for the full year coming in at 2.5%."

Things are moving in the right direction. I hope the Fed responds by ticking the interest rate down a bit soon.

Re: Uncle Joe

Posted: Thu Jan 25, 2024 9:40 am
by Shirley
twocoach wrote: Thu Jan 25, 2024 9:28 am https://www.reuters.com/markets/us/us-f ... 024-01-25/

"The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and defied dire predictions of a recession in 2023 after the Federal Reserve aggressively raised interest rates, with growth for the full year coming in at 2.5%."

Things are moving in the right direction. I hope the Fed responds by ticking the interest rate down a bit soon.
It's amazing that the US economy, which ~ 100% of economists thought would suffer a recession in '23, just keeps growing and growing. That, despite rates being raised by the Fed 500 basis points in less than a year and a half in an effort to slow the economy down, and unemployment still didn't go up!

Unfortunately, a higher GDP than expected gives the Fed reason to hold or raise, not cut rates. So it's puzzling that instead of going down, the stock market went up on the news. And, if I had to guess, they're much more likely to cut rather than raise rates in the near future, just maybe not as quickly as we might have hoped.

Re: Uncle Joe

Posted: Thu Jan 25, 2024 9:45 am
by twocoach
Shirley wrote: Thu Jan 25, 2024 9:40 am
twocoach wrote: Thu Jan 25, 2024 9:28 am https://www.reuters.com/markets/us/us-f ... 024-01-25/

"The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and defied dire predictions of a recession in 2023 after the Federal Reserve aggressively raised interest rates, with growth for the full year coming in at 2.5%."

Things are moving in the right direction. I hope the Fed responds by ticking the interest rate down a bit soon.
It's amazing that the US economy, which ~ 100% of economists thought would suffer a recession in '23, just keeps growing and growing. That, despite rates being raised by the Fed 500 basis points in less than a year and a half in an effort to slow the economy down, and unemployment still didn't go up!

Unfortunately, a higher GDP than expected gives the Fed reason to hold or raise, not cut rates. So it's puzzling that instead of going down, the stock market went up on the news. And, if I had to guess, they're much more likely to cut rather than raise rates in the near future, just maybe not as quickly as we might have hoped.
This is from mid-December:

"The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted unanimously to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Along with the decision to stay on hold, committee members penciled in at least three rate cuts in 2024, assuming quarter percentage point increments. That’s less than what the market had been pricing, but more aggressive than what officials had previously indicated. "

https://www.cnbc.com/2023/12/13/fed-int ... -2023.html

Feels like nothing has changed to veer away from this plan which is good news.

Re: Uncle Joe

Posted: Thu Jan 25, 2024 9:49 am
by jfish26
Shirley wrote: Thu Jan 25, 2024 9:40 am
twocoach wrote: Thu Jan 25, 2024 9:28 am https://www.reuters.com/markets/us/us-f ... 024-01-25/

"The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and defied dire predictions of a recession in 2023 after the Federal Reserve aggressively raised interest rates, with growth for the full year coming in at 2.5%."

Things are moving in the right direction. I hope the Fed responds by ticking the interest rate down a bit soon.
It's amazing that the US economy, which ~ 100% of economists thought would suffer a recession in '23, just keeps growing and growing. That, despite rates being raised by the Fed 500 basis points in less than a year and a half in an effort to slow the economy down, and unemployment still didn't go up!

Unfortunately, a higher GDP than expected gives the Fed reason to hold or raise, not cut rates. So it's puzzling that instead of going down, the stock market went up on the news. And, if I had to guess, they're much more likely to cut rather than raise rates in the near future, just maybe not as quickly as we might have hoped.
Where can I place a bet the under on the number of minutes that will elapse between the fed lowering rates, and Trump screaming ELECTION INTERFERENCE?

Re: Uncle Joe

Posted: Thu Jan 25, 2024 10:03 am
by Sparko
jfish26 wrote: Thu Jan 25, 2024 9:49 am
Shirley wrote: Thu Jan 25, 2024 9:40 am
twocoach wrote: Thu Jan 25, 2024 9:28 am https://www.reuters.com/markets/us/us-f ... 024-01-25/

"The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and defied dire predictions of a recession in 2023 after the Federal Reserve aggressively raised interest rates, with growth for the full year coming in at 2.5%."

Things are moving in the right direction. I hope the Fed responds by ticking the interest rate down a bit soon.
It's amazing that the US economy, which ~ 100% of economists thought would suffer a recession in '23, just keeps growing and growing. That, despite rates being raised by the Fed 500 basis points in less than a year and a half in an effort to slow the economy down, and unemployment still didn't go up!

Unfortunately, a higher GDP than expected gives the Fed reason to hold or raise, not cut rates. So it's puzzling that instead of going down, the stock market went up on the news. And, if I had to guess, they're much more likely to cut rather than raise rates in the near future, just maybe not as quickly as we might have hoped.
Where can I place a bet the under on the number of minutes that will elapse between the fed lowering rates, and Trump screaming ELECTION INTERFERENCE?
First he has to threaten Haley's donors in a way that clearly isn't election interference because reasons