He did single handedly fix the stock market……

Brewha wrote:

President Biden continues to fight to pass some version of his multi-trillion-dollar “Build Back Better” spending agenda through Congress. In its various iterations, the plan includes trillions spent on everything from electric vehicle tax credits and green energy subsidies to taxpayer-funded childcare-for-all to housing subsidies and more. The Biden administration claims that the latest version would involve $1.85 trillion in new spending.

The president has made lofty promises about what we’d get in exchange for such a historic investment. (After all, that price tag is more than the inflation-adjusted cost of FDR’s New Deal!)

“[This is] a framework that will create millions of jobs, grow the economy, invest in our nation and our people, turn the climate crisis into an opportunity, and put us on a path not only to compete, but to win the economic competition for the 21st century against China and every other major country in the world,” Biden said in a recent speech. “It’s fiscally responsible. It’s fully paid for.”

“For much too long, the working people of this nation and the middle class of this country have been dealt out of the American deal, and it’s time to deal them back in,” he continued. “If we make these investments, there will be no stopping the American people or America. We will own the future.”

Simply put, Biden argues that his plan to spend trillions will create jobs, grow the economy, and increase wages—all without adding to the $28.9 trillion (and counting) national debt. Yet a new Ivy League economic analysis undercuts every single one of these claims.

More...

https://fee.org/articles/ivy-league-analysis-destroys-biden-s-entire-argument-for-multi-trillion-dollar-build-back-better-spending-plans/ 

He did single handedly fix the stock market……

Brewha wrote:

The White House’s official press release announcing the Build Back Better Act (BBB) pitches it as a “PLAN TO REBUILD THE MIDDLE CLASS.” It rhapsodizes about “working families” squeezed by the economy, and reminds voters that “Biden promised to rebuild the backbone of the country — the middle class.”

A cartoon illustrates the sort of person who would benefit from Biden’s Build Back Better programs: “Linda,” a white woman, who works at a manufacturing plant but struggles to raise her son, “Leo.”

One thing the White House’s official press release did not mention is that almost all of the $2 trillion doled out under BBB is expressly designated for Black, Latino, Native American, Asian American, Pacific Islander and non-English speaking individuals. White Americans will get nothing and like it.

More...

https://www.takimag.com/article/i-read-bidens-build-back-better-plan-and-oh-my-god/ 

Tesla and SpaceX CEO Elon Musk said Congress should "can" President Joe Biden's multitrillion dollar Build B
Back Better Act, which Democrats are seeking to pass with budget reconciliation to avoid relying on votes from Republicans.

"Honestly, I would just can this whole bill," said Musk, ranked number two on the 2021 Forbes 400 list of the wealthiest Americans. "Don't pass it. That's my recommendation."

Musk argued that the federal government should "get out of the way and not impede progress," emphasizing that the government ought to be a "referee" rather than a "player on the field."

"Rules and regulations are immortal," Musk said at the Wall Street Journal's CEO Council event on Thursday evening. "They don't die. The vast majority of rules and regulations live forever ... there's not really an effective garbage collection system for removing rules and regulations, so this hardens the arteries of civilization where you are able to do less and less over time."

Biden's budget bill includes $7,500 subsidies for the purchase of electric vehicles. It also includes an additional $4,500 for the purchase of union-made electric vehicles, which would exclude the nonunion Tesla.

Musk mentioned the subsidies during his critique of the legislation. He said that there have not been any federal tax subsidies for the purchase of Tesla vehicles during the past two years.

The moderator noted that the bill includes funding for expanding the electric vehicle charging infrastructure in the U.S. In response, Musk said he still thinks the bill should be thrown out.

"Unnecessary," he said. "Do we need support for gas stations? We don't. I'm literally saying get rid of all subsidies."

Musk warned that the nation's record $3 trillion deficit could lead to negative consequences.

"If this was a company, it would be a $3 trillion loss," he said, addressing the federal government's level of spending. "This can't keep going."

Musk said the U.S. government could "delete" all billionaires and still not be able to fix the deficit. Musk warned that the nation's record $3 trillion deficit could lead to negative consequences.

"If this was a company, it would be a $3 trillion loss," he said, addressing the federal government's level of spending. "This can't keep going."

Musk said the U.S. government could "delete" all billionaires and still not be able to fix the deficit.

"The government is simply the biggest corporation, with a monopoly on violence and where you have no recourse," he said. "It's the only one that's allowed to legally do violence."

More...

https://justthenews.com/government/congress/elon-musk-says-congress-should-can-bidens-entire-build-back-better-spending 

I no longer refer to them as government, counterfeiters seems appropriate to me.

Speyside2 wrote:

Or given it an accelerated trajectory toward the next big crash.
The artificial irrational exuberance caused by easy money and government spending has done that repeatedly.

RayR wrote:

Oooh! Those are some big words, Ray, especially since they basically came from a Fed Chair, years ago. Remember? You hate the Fed.

rfenst wrote:

A month ago, we exposed the 'gimmicks' that Democrats were using to attempt to defend their narrative that this massive social-spending 'Build Back Better' plan was "deficit-neutral."

Citing provisions to offset the spending, Biden has repeatedly claimed that the bill is “going to cost nothing.”

House Speaker Nancy Pelosi has trotted out this argument with great confidence.

"It's not about a dollar amount,” she told reporters.

“The dollar amount, as the president said, is zero. This bill will be paid for.”

And White House chief of staff Ron Klain also shamelessly proclaims:

“the net cost of Build Back Better is zero."

And sympathetic journalists have picked up the mantra.

Turns out... that's just not true!

It's all a bunch of bullchit premised on what Manchin called "budget gimmicks... and shell games." In fact, as CNBC's Ylan Mui previously noted, "their strategy is to start as many new projects as possible and then build public support around them."

MORE...

https://www.zerohedge.com/political/it-not-free-cbo-exposes-democrats-deficit-neutral-social-spending-plan-could-cost-over-3 

funny how cons gave Trump credit for the stock market peaking while Trump was playing POTUS...not so much Biden...and Obama before

delta1 wrote:

Red Eagle Politics: "The only thing Biden has, "built back better" is the Virginia GOP."

Number two? Inflation

Gene363 wrote:

You’er just bothered because Trump also cured Polio and Biden didn’t…..

Brewha wrote: