Positive news for America from President Biden and the Democrats

Oil selloff intensifies on Covid fears
and risk of Biden-China intervention

New York (CNN Business)The oil market has gone from booming to busting,
much to the relief of inflation-weary American drivers ahead of the Thanksgiving holiday.
US crude tumbled as much as 3.5% on Friday, hitting a fresh six-week low of $76.17 a barrel.
In just nine days, oil prices have sunk 10%.

That's good news for American drivers hurt by the seven-year high in gasoline prices
— a crunch that has soured consumers' views on the US economy.

"We will definitely see some pricing relief on gasoline at the pump,"
Tom Kloza, president of the Oil Price Information Service, told CNN on Friday,
adding that the relief will be "feather-like as opposed to plunges."

biden is in no way responsible for the increased demand for fuel which is driving up prices but he can do a little to help bring the prices down .  not a whole lot to b sure  but some .  and ill take it

Biden admin helping American workers

WASHINGTON (AP) — President Joe Biden signed an executive order Thursday
aimed at limiting turnover for federal service contract workers by offering them
right of first refusal when a contract changes hands.

Under the order, when a federal service contract is transferred from one
contractor to another, employees from the previous contract who performed
their jobs well must be offered the opportunity to keep their job working for
the new contractor. The order covers more than 2 million federal contractors.

The White House said the order will reduce turnover among workers who
fulfill critical roles supporting federal operations. It's aimed at preventing
disruptions and the expense of recruiting and training workers to fill jobs
that existing contractors do well. The administration says the order also
protects experienced, well-performing workers.

This is a good thing.  Can't see why anyone would object.

happy birthday president joe biden  

  WOW

good news for consumers             not so good for the big oil polluters

this is helpful 

this is helpful 

According to Associated press, white house announces release of 50 million barrels of oil from strategic reserves to help lower energy costs.

Good thing Trump topped off the reserves before he left office amirite? 

Here’s an article from moronic Democrats bashing Trump in 2020 for topping off the reserves when oil was extremely cheap. 

https://www.desmog.com/2020/04/09/trump-energy-oil-storage-strategic-petroleum-reserve/

So let gas spike 50% in a few months then lower gas 15% over a year and tell Americans the Biden admin is lowering gas prices. Good job biden admin. winning. 

InFlAtIoN iS TrAnSiToRy

The US currently (2020) consumes ON AVERAGE 18 million barrels PER DAY..... it pays to fact check 

Once again, the narrative spun is so far from the truth.... 

this will help a little  though not a great deal since the big stumbling block is US oil producers and OPEC refusing to increase supply to meet massive demand

this will help a little  though not a great deal since the big stumbling block is US oil producers and OPEC refusing to increase supply to meet massive demand

Please provide facts to support your claims. Also, just hit submit once fubduh

good news

and even more good economic news  ::

turns out , upon further review as they do routinely ,

the bureau of labor statistics had underestimated job growth

under the biden admin from june through september

by an estimated 626,000 jobs !!

this in part makes sense due to the very low unemployment of just 4.6%

love to hear any positive news after the disaster of 2020

50 million barrels TOTAL <  18 million barrels PER DAY

3rd grade math is difficult for some.... 

Good news, but still a long way to go from the estimated 20 MILLION jobs lost under the failed trump-regime

@fubah2

 millions of jobs FORCEFULLY LOST BY DEMS. Keep trying to spin the facts, people know the truth.

Dems logic- force people to go on unemployment. Win presidency. Allow people to go back to work and claim victory for allowing people to go back to work to the jobs we (dems) took away. Let inflation run rampant, turn a blind eye. Put millions into poverty, turn a blind eye.

yep    chump admin really fcked it all up bigly

yep    chump admin really fcked it all up bigly

Biden to nominate Jerome Powell
as Federal Reserve chairman

New York (CNN Business)
President Joe Biden on Monday formally announced his intent
to nominate Jerome Powell to serve as the chairman of the Federal Reserve
for a second term and nominate Lael Brainard to serve as the Fed's vice chair.

Powell's four-year term is up in February.

The White House cited Powell's "steady leadership" amid the economic
turbulence of the [trump-enabled] pandemic as a reason for the decision.
The Powell-led Fed took a series of unprecedented steps in March and
April 2020 that helped ensure the [trump-enabled] Covid recession
did not morph into a full-blown depression.

Splendid.