Biden’s Brawndo (The Economic Mutilator)! Fed Paid Treasury $76 Billion In 2022, $200 Million Every Day, Bank Willingness To Lend Crashes, Bank Credit Falls For 16th Straight Week

Biden’s terrible economic policies and horrid fiscal managment has put stress on The Federal Reserve. The Federal Reserve paid an estimated $76 billion to the Treasury in 2022 while banks’ willingness to lend has plummeted.

One of the key ways central banks absorb liquidity back out of the market is through reverse repo. These are short-term transactions where the Fed sells securities to banks and agrees to buy back at a higher price the next day.

This means banks are being paid to park cash with the Fed instead of injecting it into the economy through loans and fanning the fires of inflation.

In addition, the Fed is spending another $500M in daily interest payments on its reserve policy, i.e. balances that banks are holding in their reserve accounts at the Fed.

Banks’ willingness to lend has plummeted making credit availability increasingly tighter. Current levels have typically ended in recessions.This time is NOT different.

And on the energy side of the market, Biden Invokes ‘Wartime Powers’ to Attack Gas-Powered Furnaces. Of all the stupid things Biden has done, invoking wartime powers to make households use inefficent electric heat pumps instead of gas furnaces in stupid of two levels. First, invoking wartime powers for things unrelated to national defense is reckless and capricious. Second, electric heat pumps in the colder areas of the country is stupid as well. Electric heat pumps are inefficient, unless the goal of Biden and his Idiocracy is to “cull the herd” or kill off people during winter months (I had an electric heat pump in a condo I owned and it was terrible in winter months).

Of all the stupid things Biden has done, invoking wartime powers to force make Americans to use inefficient electric heat pumps instead of gas furnaces, unless the Biden goal is to “cull the herd” or kill off Americans during winter months:
<><> Biden invoking wartime powers for things unrelated to national defense is reckless and capricious.
<><>electric heat pumps in the colder areas of the country is unworkable.

Biden using “special wartime powers” shows you where this refugee from the Cold War is coming from.
<><>To over-the-hill Biden, a 50 year product of legislating a wartime govt, wars are essential,
<><> wars are a Rooseveltian way to boost his presidency
<><> wars are the MO to continue the flow of tax dollars to the Biden Crime Family.

Biden’s funding nine manufacturing projects with $169 million he snagged from last year’s climate bill, is being claimed under the “emergency authority of the Cold War-era Defense Production Act (DPA).”

Biden grabbed onto “war powers” to justify boosting spending for what he says is “clean energy” technology.

Biden Keeps Talking About the Old Days. Young Voters Don’t Like It.
Biden turns 81 on Monday, and is losing support from millennials and Gen Z
By Catherine Lucey, WSJ, Nov. 19, 2023

As Biden marks his 81st birthday Monday and seeks re-election, his incessant stories about people who have died and faded from public view appear out of date to younger audiences. There are more than 60 years separating Biden from voters who will cast their first ballots in 2024, an acute age gap that presents a challenge for the oldest president in U.S. history.

The fact that he continues to reference politicians that Gen Z may not relate to definitely puts him out of touch. Youth voting increased significantly in 2020. Among voters ages 18 to 29, Biden beat former President Donald Trump by 24 percentage points.

Biden’s team counters that the president’s “old-time references” are part of a “folksy style” that is an authentic asset, and they say newer generations connect to his wisdom and experience.

Biden, who would be 86 years old at the end of a second term should he win, has long employed a “greatest-hits” stories, including admonitions from his late parents and grandparents. The nostalgic tales can feel like an unnerving turn through 5th grade dog-eared history books.

Biden also talks of his dealings with long gone segregationist senators like Strom Thurmond of South Carolina and James Eastland of Mississippi.

Biden says when his first wife and daughter were killed in an automobile crash in 1972, shortly after his first Senate victory, he was supported by a group of older, and now deceased, senators such as then-Majority Leader Mike Mansfield of Montana, Thomas Eagleton of Missouri and Fritz Hollings of South Carolina.

Republicans have consistently sought to portray Biden as old and out of touch. Trump has mocked Biden’s age and abilities while the Republican National Committee, in an account on X, formerly known as Twitter, recently declared Biden was “not playing with a full deck.”

Other times, Biden signals older cultural touchpoints. During the same Vietnam news conference in September, he referred to a John Wayne Western film as a way of refuting skeptics of climate change.

Biden’s funding nine manufacturing projects with $169 million he snagged from last year’s climate bill, is being claimed under the “emergency authority of the 40’s era Cold War Defense Production Act (DPA).

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