The "Bidenomics" terminology has become increasingly unpopular within the Democratic Party, as some have started to distance themselves from it.
A Democratic strategist told NBC News in November that it was a terrible messaging tactic.
"Whoever came up with the slogan Bidenomics should be fired," the strategist told NBC. "It’s probably the worst messaging you could ever imagine."
@cdog8043
Equity - not working hard - Equity
Jean-Pierre said "equity" was part of every single piece of the president's legislation.
"So look, the president has always, always put equity at the center of every policy he’s put forward, every legislation that he's put forward. Because we understand that many communities have been left behind, have been left behind. We’re not trying to do the trickle-down economics. We really, truly are not. That’s not what the president believes in," she said.
@Raiders22
Global energy developers Equinor and BP on Wednesday announced they are canceling the contract for a massive wind project slated for construction off the coast of New York.
The two companies said they had reached an agreement with the New York State Energy Research and Development Authority (NYSERDA) to terminate the offshore wind renewable energy certificate for their Empire Wind 2 project. Equinor and BP explained that commercial conditions, namely inflation, interest rates and supply chain disruptions, prevented its contract for the project from remaining viable.
no matter what the Left touches .... 
@Raiders22
Post 6 is a shallow response, you are better than this. I dont want to get into another 20 page marathon but how can you think that energy initiatives in Europe are as simple as you stated? I read an article that went into detail about how this unfolded and is unfolding, there were assumptions taken about costs and profitability based on current ongoing projects that were massively flawed and that had more to do with the private sector than the government. The assumptions on cost efficiencies were made based on wind farms currently running and the fact that technology and innovation drive costs down as a general theory so the plans were built on those concepts. What I read ended up happening is there were some massive low ball bidders that distorted the cost structure and that the projects used to design a cost plan were based on these low ball bidders who were losing big money to gain market share...common practice as we know even in the US. Companies will be loss leaders to drive out competition and gain a footing for future potential. In this case the government investments were made off flawed cost structures due to unknown players loss leading and that was not the basis for true costs. Also the engineering estimates for how long parts lasted was based on technology advances and efficiencies but those also have not met the measures that were given from the studies.
I can totally see why Europe would want to find other sources of energy and it wasnt only one country there were many who sought to find ways around the monopoly of OPEC and the Russian grip on natural gas. I can see why Europe wants to try and gain control of their needs, wind is not a horrible idea and lets hope there will be better innovation that comes which goes away from monopolies and fossil fuels and that countries can find ways to lower consumption not try to replace supply as the only way to gain control.
@wallstreetcappers
Of course. With anything you do not want a single-source or single-supplier that can disrupt things later or hold you 'hostage'.
No problem with looking at any and all other sources.
But there is an even bigger push in Europe than there is in the USA to be fossil-free. The issue comes when you do it at the risk of losing what you know is working, etc.
Look at what Merkel did and how that has seemingly backfired.
Then look at how they can be held 'hostage' now by Putin because of Biden's idiotic policies now. The USA could be suppling them instead of Putin making billions off of them and funding his war.
There is a LOT to the energy sector and the crisis that is looming in Europe if they do not get their act together soon.
I am not opposed to wind. I was simply pointing out the deficiencies it has when you rely too heavily on it.
So, pick any particular part of the issue(s) you want to discuss and you can get real in-depth with any part of any of the issues. It is very complex and dynamic.
34.5 trillion in Debt - Bidenomics cruising along.
If you really understand the math, it’s not hard to deduce what outcomes may be here in the future. With another four years of Bidenomics, you can be certain both at the individual level and the corporate level that a perpetuity tax on Social Security will become front and center.
@Raiders22
The US cannot supply Europe with NG, the logistics make it financially impossible, even though Europe hates being tied to Russia, they have the logistics set already and that means a lower cost and even though they dislike Russia they will most always take the lower cost option.
NG transport from here to there means our product will cost more and since "our" product really isnt ours it is owned by capitalist companies, those companies will seek the highest profits and thus you cannot defeat the communist leader without being able to absorb some massive losses in the process. Even if your theory about NG from the US held validity and say the government decided to take control of those assets and kick out the corps, Russia could low cost leader the US into bankruptcy just for control of the demand. If you only look at supply as the means to win you cannot win. Trump only talks about drilling, well we are drilling so his yammering is misplaced as usual but you never hear discussion about controlling demand and alternatives to reduce demand. Wind, solar, nuclear any non-fossil fuel option is a means to reduce demand as is ways to increase efficiencies. At least in Europe they have reduced demand by making a rail transit system through many countries and by using smaller vehicles, the US is too selfish and proud to use small vehicles or think about a national transit option.
I dont fault Europe and their wind initiative, they were duped by cost models it doesnt mean the concept isnt deserving of exploration and use.
@cdog8043
It is the "rate" at which the debt is increasing that is most worrisome. Under the Trump administration we had an increase of roughly $7T in 4 years. We have hit that $7T already after 3 years as we stand and are at 120% of debt to GDP.
This should be the primary concern.
@wallstreetcappers
How's the high speed rail system in CA working out? That was promoted to "save the environment". Care to inform us on the budget and planning details? Ever been on the train/rail/public transit system in CA? Dirty as all hell and very unsafe. Would you trust your daughter, mother, wife to ride the train system in CA alone?
I wouldn't feel safe in a "tiny car" in the US. Maybe you don't live in a high populated area, but people drive like maniacs. So I'll drive a larger car to protect myself from the idiots on the road. Everyone loves to compare how bad the US is compared to other countries but fail to compare the scale of size. US is much more wide open while Europe is very dense. It's all relative.
@kcblitzkrieg
I think you can attribute that increase to a few things, the FED raised rates and that drastically increased interest cost and since we are not running at a surplus that interest increases the deficit, no way around it and that has zero to do with Biden, in fact if anything it hides the fake Trump numbers, he had much lower rates for most all his term and that hid the deficit impact if rates were normalized. Trump also did not get dragged into Israel and Ukraine as Biden did and you cannot say that it is Biden's fault that Russia had the issues or that Trump would have stopped it, that is nonsense and just do not throw that mud on the wall it is such a bad fallback. Trump had a teeny bit of Covid impact but Biden had supply chain inflation where Trump did not because corps had excess inventories for a solid year after Covid hit and once those inventories dried up the impact of current supply chain and labor shortages hit.
The only way you can draw an equal comparison is if both had equal variables, but neither did and I would actually suggest that the difference in those variables is likely greater than the 2T meaning the interest costs, the war costs and the inflation cost is more than 2T over the last 2-3 year time frame.
@wallstreetcappers
I am 100% well aware of all of that....
I should've just used 2016-2020 then 2020-2023 and left out "Trump" and "Biden" so that maybe I wouldn't have gotten that response....although it is a good read for the uneducated masses.
Who is "you cannot say that it is Biden's fault" ??? Did I say anything about "who's" fault it is ?? NO, I did not.
The point of my post was the future impact of what is occurring and what is going to occur, hence my main comment of "the rate of increase is the primary concern". I was responding to CDOG so I put in the 2016-2020 Trump numbers as a reference point, perhaps he was not aware of what occurred in that time frame and the fact that debt levels rose $7 TRILLION under the Trump Admin while the FED was running ZIRP and NEGATIVE rates. That was it, I made no comment or innuendo on "who's fault" it is as if I wanted to comment on the "how" and "why" we have ended up in this position then I'd likely need to start a new thread or at the very least, it would take me 3-4 max posts to fit all of that narrative into this thread.
@BigGame90
I live in one of the worst driving metro areas in the country, in fact just two nights ago a friend of ours who was visiting for NYE was driving home on a very large 6 lane street going under the speed limit and a drunk driver totaled his car, yes this area is pretty lousy so I get it and that isnt the point. The point is Europe makes more efforts to reduce demand than the US does, you cannot deflect away from that.
The rail/transit issue that is also an easy answer, it would be super cool if YOU were able to come to obvious conclusions on your own instead of drawing very boring conclusions on the differences between Calif and Europe. The reasons for the differences are not POLITICAL it is not that Calif is a liberal blah blah blah and liberals are to blame, that is so obtuse it drives me crazy. Europe is actually MORE socialist and liberal than Calif is in a generality. The reason why Calif is lousy and Europe MIGHT be less so is investment in maintenance and proper policing of the transit system. The same goes on down here, the city has a large rail system that runs from downtown to the east valley and it does quite well, it is clean and maintained and when things are maintained and observed then they stay in better condition. There is a smaller unmanned street car aspect to the transit system and it is not as clean and well maintained.
A good comparison would be if two people purchased a new car at the same moment and took the car home, both drove the same miles the same location for work the same shopping etc etc but one person parked the car in a covered garage, hand washed the car every week, vacuumed and detailed it, got all the service done and kept the tires rotated etc. Which vehicle would be in better condition at say a 1-2-3-5 year period? The reason why Calif is in a worse shape is the lack of maintenance and care to the system. That has a cost and an investment and ANY project that is not maintained will have the same result if the conditions are harsh. That transit system gets tons of use and without investment to maintain it the condition will drop quickly and the life span of the investment will shorten without a doubt.
@kcblitzkrieg
cdog is a partisan lackey who only wants to blame a politician for all the woes of society, so when you toss in Trump his partisan slot machine gears go crazy and so some perspective is for sure required. I cant stand blanket partisan tripe that lacks perspective, that sort of scheme is so transparent and boring it accomplishes nothing but more partisan divide.
Take a look at this chart and tell me why the deficit has gone up so much under Biden-
https://fred.stlouisfed.org/series/A091RC1Q027SBEA
@wallstreetcappers
I dont fault Europe and their wind initiative, they were duped by cost models it doesnt mean the concept isnt deserving of exploration and use.
I have already addressed all of that.
You ignored the 'shallow' part totally again. When I pointed out to him they also had the added reduction in wind that reduced the output by 20-30%, the implication being that is added on top of the things he referenced.
I guess you missed the 'shallow' part about the Europeans locking themselves into a single source and not having their options open. There is far more to it than just 'logistics'. Europe is setting themselves up for a massive energy problem that is looking to be worse than it currently is.
I would just do more research on it if you are interested. Far more dynamic than a terse reply.
@wallstreetcappers
I do not get why you have to constantly call folks names and put them down. In a couple days time you have called people and their posts moronic and now a lackey.
And you use 'partisan' as a derogatory term quite often.
But when someone points out how 'partisan' you are you become very defensive.
You should not be the one that starts the name calling on here.
@wallstreetcappers
I know you don't mean too, but you insult my intelligence when you tell me to look at a chart like that and ask me why the deficit has gone up.....
If you could sort my posts according to topic / subject matter, you would be hard pressed to find ANY username more understanding and critical of the FED, JPOW, Yellen, Bernanke, Paulson, etc. etc. etc. You'd also find ZERO posts of mine attributing any of this to JOE BIDEN.
These two items are correlated for good reason....
@wallstreetcappers
I've personally spoken with an individual whom works for a major franchise in my area and their company insists that every member of the company uses public transportation to get to and from work. This individual has stated NOBODY follows that suggestion and that NOBODY in the company uses public transportation because of the feeling of being unsafe. That's all I need to know about public transportation in CA. Compare the US to Europe all you want, the fact is, people just do not feel safe on public transportation. Until that changes, most people will opt to purchase their own vehicle to get back and forth to work. That probably won't change with the liberal mind set of defund police, and reallocate that budget to other areas.
Also, everyone knew about Russia and invading Ukraine since Obama was in office. Putin already said he was going to invade. Why do you personally think Russia is trying to take over Ukraine? My guess and opinion, natural resources. Natural resources that this admin is drastically pushing for. This admin doesn't have their greedy hands in the oil business', so they're trying to push for the next best thing that they can try to control. Coincidence?
Why are interest payments going up so drastically? Is the current admin focused on trying to prop up the economy to make Biden look good so the dems can try to get reelected all at the costs of destroying the deficit and future years?
Wait, I know the answer....Trump this, Trump that, Trump Trump Trump, it's all his fault.
Someone needs to bite the bullet and pull the Band-Aid off. Let's be real, the economy is not as strong as it appears. You know it. It's all a shell game and passing the buck and trying to blame the other side. Truth is, we're all in this together and we're all screwed together. The politics is just trying to pass blame at the costs of the citizens.
I don't always claim to be wealthy, but when I do, I max out my credit cards first.- Dems.
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