Wednesday , August 10 2022

Forbes on the economy: The clouds are darkening



Forbes Media Chairman and Editor-in-Chief Steve Forbes discusses the gas tax holiday, gas prices amid inflation, Biden’s handling of the economy and the impact of the Fed.

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27 comments

  1. Guaranteed the reich wing thinks austerity is the answer. SMH 🤦🏼

  2. COVID 19 STOPPED the world…….the way the FED handled it…was to keep peoples spirits up in a VERY unprecedented time by Quantitative easing (low interest) and of course 20 million people lost their jobs within weeks….we all knew the piper would come for his dues……we did. Now that we have COVID under control. (at least here, not so much China) its time to face reality and the bruise of the worldwide shutdown and supply chain stoppage…..it is a deep purple one…..this is the aftershock people….of an inflated fantasy Percocet pilll that got us through some very scary times…….but we cannot keep administering opioids….we have to get back to reality.. and that will hurt for a couple years. Reality, and truth is always the best way to live and to stay healthy…..the fantasy is over….lets build on solid ground now not inflated dreams.

  3. Wtf? Is this warrant buffet twin or what???????

  4. Trump told us he would lock Hillary up. He then got us all to shout out lock her up.
    Guess what !
    THE SHOWBIZ LYING COWARD CON MAN CALLED TRUMP LIED TO ALL OF US ABOUT EVERYTHING.
    Trump told us Covid would go away in warmer weather. IT didn't and over a hundred thousand Americans died while he and all his family and every opinion host at FOX took the vaccine. He lied.
    Trump told us China would pay for tarrifs . They didn't. He lied.
    Trump told us he had a plan to replace Medicare for all and it would be ready in three weeks. He didn't have a plan and he did Nothing to replace it. He lied.
    TRUMP TOLD US HE WOULD MAKE AMERICA GREAT AGAIN.
    HE DIDN'T, HE JUST GOT OVER 900 MILLION DOLLARS OUT OF US FROM DONATIONS AND SALES OF HIS CRAP MERCHANDISE. HE LIED.
    Never built the wall and got Mexico to pay for it EITHER.
    Trump told us he would walk down to the capitol with us, but went to hide in a tent and watch the attack on TV while it happened without him anywhere near the violence he INCITED. AS ALWAYS HE GOT OTHER FOLKS TO DO HIS DIRTY WORK, LIKE THE COWARD HE IS.
    Trump lied to all of us and STILL IS LYING. IT'S WHAT HE DOES BEST. HE IS A SHOWBIZ LYING COWARD CON MAN.
    STOP BEING A SUCKER !

  5. I hope they tell Biden to hit the road Jack.

  6. merica is either very stupid or YOU GUYS PLANNED THE ENTIRE THING. YOU KNOW your biggest enemy is AT HOME. & you need to paralyze them…coz DEM biden FEARS the REPS & wants them COLD & out of commission.

  7. JB💭💭💭🙄I think JB works 4 Putin(⁉️)

  8. Neil was all in for Biden. You got what you asked for. Congratulations!

  9. Anyone voting democrat needs to be stoned .These communists couldn't have crippled our country without sheep voting democrat party .

  10. Exactly most are in a recession as I am a widow who lives month to month , also my. old home has oil heating,

  11. I think it would take 10 years to get keystone producing. Better choice: government condemns, for the public domain, all energy patents that special interest groups have bought up to suppress cheap clean energy that they would put out of business by, in short order. Also release all DOD classified unity/toroidal energy technology as open source. These moves would eliminate inflation, pollution and improve the quality of life everywhere. We can make them do it! Let's insist.

  12. "[The serfs] need some relief!"
    … so we can get back to screwin' 'em,
    without gettin' beheaded.

  13. Biden is making history.Leading country into Depression for first time in 80 years.

  14. Correct me if I'm wrong I'm just guessing but we've lost what 6,000 points on the market since he got into office

  15. High treason has been committed for decades, like 10 of them. Wake up sleepwalking Americans

  16. Meh. I've just accepted that the US is finished. At least the collapse will not be borng.

  17. Why not TAX the Electric cars also?They drive on the roads to They just want to TAX gasoline cars for road maintance ,,Yes i know politicals got electric cars And they do not want to pay for anything self

  18. Anti American Rupert Murdoch news. Scare the dumb right wingers.

  19. We are all struggling this is horrible

  20. When they admit it, it was planned

  21. I expect the Fed to raise rates to their target of 3.4% by the end of 2022 with increases in July, September and November, but they’ll stop there and take no action in December – even if inflation stays the same or increases. They’ll then wait until March of 2023 before they raise rates again. They sound hawkish now, but they just don’t have the discipline to raise rates until inflation returns to what was once their target rate of 2%. Powell said today a recession is a possibility but is not likely. Who believes anything he says these days?

  22. Throw this Biden bum and laughing LGBTQ pinkos out

  23. Tweety's defense is that he's stupid and delusional. His cult members that attacked our U.S. Capitol are using the defense that they're weak-minded, empty-headed traitors that were brainwashed by propaganda. Losers all the way. Lock 'em up!!!

  24. Cutting the tax will drive prices up more than down, people will purchase more fuel when its cheaper causing more demand.

  25. I give them there first quarter.

  26. 18 cents after completely wrecking our energy production and doubling prices in a year and a half. Woopdeedoo