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This Could Be the Worst News for Joe Biden This Year

By: Decomposed in 6TH POPE | Recommend this post (0)
Thu, 22 Sep 22 6:09 AM | 30 view(s)
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(It's worse that the Fed just raised interest rates by 75 basis points. It should be obvious very soon that layoffs and unemployment are up , home prices are stocks are down, and that we're in a recession.

But the VERY worst news for Joe Biden is that the year is 2022, not 1978. It's gotta hurt, knowing that your mind is gone... - De)


September 21, 2022

This Could Be the Worst News for Joe Biden This Year

by Matt Margolis
PJmedia.com



It’s true that Americans have experienced some relief at the gas pump for many weeks now — and the Biden administration did everything possible to get Americans to give the Big Guy credit for that decline.

“Our actions are working, and prices are coming down,” Biden said in July.

He was wrong, of course. Yes, gas prices were coming down, but there was little evidence that any policy of Biden’s had had any substantial impact. Last month, the Treasury estimated the impact of Biden’s depletion of the strategic reserves to be between 13 cents and 33 cents a gallon. Even if you accept the liberal estimate, much of the decline in prices was clearly due to other factors — and analyst Brian Milne believed the biggest contributing factor was a decline in demand.

Nevertheless, when gas prices go up, Americans tend to blame the president, and when they go down, the president tends to get some of the credit, too. As such, Biden’s approval ratings, while still underwater, have recovered significantly since the middle of July, when his RealClearPolitics average was roughly -20 points. It is now roughly -10 points.

But is that about to change? After falling for 98 consecutive days, the national average gas price ticked up a penny on Wednesday, according to AAA.

“The last time the national average price for gasoline rose was June 14, when it hit a record of $5.02. Prices fell every day since then and Thursday would have marked the 100th straight day of declines,” CNN reported.

And it’s probably going to keep going up.

http://pjmedia.com/news-and-politics/matt-margolis/2022/09/21/this-could-be-the-worst-news-for-joe-biden-this-year-n1631121




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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