Democrats have NO Intention of Solving America's Energy Crisis: Lawmakers are a bigger financial-stability risk than c*****e c****e. By the WSJ Editorial Board. The political left...

Blurryeyed Loc: NC Mountains.

Lawmakers are a bigger financial-stability risk than c*****e c****e.

By the WSJ Editorial Board.

The political left increasingly claims c*****e c****e is an imminent threat to global financial stability and demands regulators do something about it. Well, if we’re talking about financial threats, how about the Democratic Congresswoman who called for a bank run to protest an institution’s fossil-fuel investments?

We speak of Michigan Rep. Rashida Tlaib, who on Wednesday got into a verbal tussle with JPMorgan Chase CEO Jamie Dimon. Let’s go to the videotape toward the end of a marathon six-hour financial-services committee hearing:

Ms. Tlaib: “So I would like to ask all of you, go down the list, because again you all are agreed to doing this [supporting long-term net-zero carbon emissions targets], please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products? Mr. Dimon?”

Mr. Dimon: “Absolutely not, and that would be the road to hell for America.”

Ms. Tlaib: “Yeah, that’s fine. Sir, you know what, everybody that got relief from student loans [who] has a bank account with your bank should probably take out their account and close their account.”

By this point, Ms. Tlaib and other Democrats on the committee appear to have been irritated with Mr. Dimon for telling uncomfortable t***hs. One was his observation that the world is discovering how insecure the global energy supply is, and that investment in natural gas will be the best, cleaner-burning alternative to coal for years to come.

The other was that President Biden’s mammoth student-loan forgiveness plan is a bad idea. “I wish they had targeted the people who actually needed help,” Mr. Dimon noted, while describing the debt-relief plan as a Band-Aid.

Apparently banks now need to bow to Democratic policy priorities or risk lawmakers inciting a bank run. The good news here is that the vast majority of Mr. Dimon’s customers probably don’t take Ms. Tlaib any more seriously than anyone else does. Besides, isn’t the student-forgiveness plan supposed to be helping people so impoverished by college debt that they aren’t able to save?

This exchange and the broader point of Mr. Dimon’s testimony Wednesday highlight the extent to which climate-obsessed lawmakers and regulators pose a greater threat to the economy and financial system than changes in the climate. It’s a relief that some business leaders still are willing to say so.

DennyT Loc: Central Missouri woods

Blurryeyed wrote:

Lawmakers are a bigger financial-stability risk than c*****e c****e.

By the WSJ Editorial Board.

The political left increasingly claims c*****e c****e is an imminent threat to global financial stability and demands regulators do something about it. Well, if we’re talking about financial threats, how about the Democratic Congresswoman who called for a bank run to protest an institution’s fossil-fuel investments?

We speak of Michigan Rep. Rashida Tlaib, who on Wednesday got into a verbal tussle with JPMorgan Chase CEO Jamie Dimon. Let’s go to the videotape toward the end of a marathon six-hour financial-services committee hearing:

Ms. Tlaib: “So I would like to ask all of you, go down the list, because again you all are agreed to doing this [supporting long-term net-zero carbon emissions targets], please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products? Mr. Dimon?”

Mr. Dimon: “Absolutely not, and that would be the road to hell for America.”

Ms. Tlaib: “Yeah, that’s fine. Sir, you know what, everybody that got relief from student loans [who] has a bank account with your bank should probably take out their account and close their account.”

By this point, Ms. Tlaib and other Democrats on the committee appear to have been irritated with Mr. Dimon for telling uncomfortable t***hs. One was his observation that the world is discovering how insecure the global energy supply is, and that investment in natural gas will be the best, cleaner-burning alternative to coal for years to come.

The other was that President Biden’s mammoth student-loan forgiveness plan is a bad idea. “I wish they had targeted the people who actually needed help,” Mr. Dimon noted, while describing the debt-relief plan as a Band-Aid.

Apparently banks now need to bow to Democratic policy priorities or risk lawmakers inciting a bank run. The good news here is that the vast majority of Mr. Dimon’s customers probably don’t take Ms. Tlaib any more seriously than anyone else does. Besides, isn’t the student-forgiveness plan supposed to be helping people so impoverished by college debt that they aren’t able to save?

This exchange and the broader point of Mr. Dimon’s testimony Wednesday highlight the extent to which climate-obsessed lawmakers and regulators pose a greater threat to the economy and financial system than changes in the climate. It’s a relief that some business leaders still are willing to say so.

b I Lawmakers are a bigger financial-stability r... (show quote)

What energy crisis is that ? Anyone listening to it thinking Talib speaks fit all democrats has a screws lose.

dirtpusher Loc: tulsa oklahoma

Blurryeyed wrote:

Lawmakers are a bigger financial-stability risk than c*****e c****e.

By the WSJ Editorial Board.

The political left increasingly claims c*****e c****e is an imminent threat to global financial stability and demands regulators do something about it. Well, if we’re talking about financial threats, how about the Democratic Congresswoman who called for a bank run to protest an institution’s fossil-fuel investments?

We speak of Michigan Rep. Rashida Tlaib, who on Wednesday got into a verbal tussle with JPMorgan Chase CEO Jamie Dimon. Let’s go to the videotape toward the end of a marathon six-hour financial-services committee hearing:

Ms. Tlaib: “So I would like to ask all of you, go down the list, because again you all are agreed to doing this [supporting long-term net-zero carbon emissions targets], please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products? Mr. Dimon?”

Mr. Dimon: “Absolutely not, and that would be the road to hell for America.”

Ms. Tlaib: “Yeah, that’s fine. Sir, you know what, everybody that got relief from student loans [who] has a bank account with your bank should probably take out their account and close their account.”

By this point, Ms. Tlaib and other Democrats on the committee appear to have been irritated with Mr. Dimon for telling uncomfortable t***hs. One was his observation that the world is discovering how insecure the global energy supply is, and that investment in natural gas will be the best, cleaner-burning alternative to coal for years to come.

The other was that President Biden’s mammoth student-loan forgiveness plan is a bad idea. “I wish they had targeted the people who actually needed help,” Mr. Dimon noted, while describing the debt-relief plan as a Band-Aid.

Apparently banks now need to bow to Democratic policy priorities or risk lawmakers inciting a bank run. The good news here is that the vast majority of Mr. Dimon’s customers probably don’t take Ms. Tlaib any more seriously than anyone else does. Besides, isn’t the student-forgiveness plan supposed to be helping people so impoverished by college debt that they aren’t able to save?

This exchange and the broader point of Mr. Dimon’s testimony Wednesday highlight the extent to which climate-obsessed lawmakers and regulators pose a greater threat to the economy and financial system than changes in the climate. It’s a relief that some business leaders still are willing to say so.

b I Lawmakers are a bigger financial-stability r... (show quote)

What part yup u don't get because again you all are agreed to doing this [supporting long-term net-zero carbon emissions

Blurryeyed Loc: NC Mountains.

dirtpusher wrote:

What part yup u don't get because again you all are agreed to doing this supporting long-term net-zero carbon emissions

What are you talking about, I never agreed, in fact I have never spoken to anyone who has agreed, a few AH's in DC for a nation of people do not speak!

Blurryeyed Loc: NC Mountains.

DennyT wrote:

What energy crisis is that ? Anyone listening to it thinking Talib speaks fit all democrats has a screws lose.

Progressives are leading Democrat policy, everyone from the president to the Sec of Treasury to Alfred E Newman have spoken to ESG. Do you think that her comments just came out of thin air? No Denny, it is a global push.

Brownouts in the West are not an energy crisis? Depletion of our Strategic Oil Reserves for political reasons is not a crisis? Even with the release of our oil reserves the cost of fuel is still causing financial discomfort to American families. Stop cheerleading for Biden Denny.

Architect1776 Loc: In my mind

Blurryeyed wrote:

Lawmakers are a bigger financial-stability risk than c*****e c****e.

By the WSJ Editorial Board.

The political left increasingly claims c*****e c****e is an imminent threat to global financial stability and demands regulators do something about it. Well, if we’re talking about financial threats, how about the Democratic Congresswoman who called for a bank run to protest an institution’s fossil-fuel investments?

We speak of Michigan Rep. Rashida Tlaib, who on Wednesday got into a verbal tussle with JPMorgan Chase CEO Jamie Dimon. Let’s go to the videotape toward the end of a marathon six-hour financial-services committee hearing:

Ms. Tlaib: “So I would like to ask all of you, go down the list, because again you all are agreed to doing this [supporting long-term net-zero carbon emissions targets], please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products? Mr. Dimon?”

Mr. Dimon: “Absolutely not, and that would be the road to hell for America.”

Ms. Tlaib: “Yeah, that’s fine. Sir, you know what, everybody that got relief from student loans [who] has a bank account with your bank should probably take out their account and close their account.”

By this point, Ms. Tlaib and other Democrats on the committee appear to have been irritated with Mr. Dimon for telling uncomfortable t***hs. One was his observation that the world is discovering how insecure the global energy supply is, and that investment in natural gas will be the best, cleaner-burning alternative to coal for years to come.

The other was that President Biden’s mammoth student-loan forgiveness plan is a bad idea. “I wish they had targeted the people who actually needed help,” Mr. Dimon noted, while describing the debt-relief plan as a Band-Aid.

Apparently banks now need to bow to Democratic policy priorities or risk lawmakers inciting a bank run. The good news here is that the vast majority of Mr. Dimon’s customers probably don’t take Ms. Tlaib any more seriously than anyone else does. Besides, isn’t the student-forgiveness plan supposed to be helping people so impoverished by college debt that they aren’t able to save?

This exchange and the broader point of Mr. Dimon’s testimony Wednesday highlight the extent to which climate-obsessed lawmakers and regulators pose a greater threat to the economy and financial system than changes in the climate. It’s a relief that some business leaders still are willing to say so.

b I Lawmakers are a bigger financial-stability r... (show quote)

Actually democrats depend upon constant crises to keep low information i***ts scared and v****g for them.
They h**ed Trump because he solved dozens of crises in the first 10 hours of his presidency that democrats and RINOs had been working on for decades with no end in sight. Now we are back into that lunacy.

DennyT Loc: Central Missouri woods

Blurryeyed wrote:

Progressives are leading Democrat policy, everyone... (show quote)

No. None of that is a crises. It is in fact you who is constantly playing politics.
- the SPR is not “ delpleted” or even close
- yes gas cost more but people are still driving even more.

So time for you to start telling the t***h instead of political fancy to merely enhance you avid partisan agenda.

T***h counts !

DennyT Loc: Central Missouri woods

In actuality gas prices are pretty stable if viewed in current dollars

https://www.usinflationcalculator.com/gasoline-prices-adjusted-for-inflation/

But if viewed honestly some would not have much to whine about.

And milk

https://www.usinflationcalculator.com/inflation/milk-prices-adjusted-for-inflation/

Blurryeyed Loc: NC Mountains.

DennyT wrote:

No. None of that is a crises. It is in fact you who is constantly playing politics.
- the SPR is not “ delpleted” or even close
- yes gas cost more but people are still driving even more.

So time for you to start telling the t***h instead of political fancy to merely enhance you avid partisan agenda.

T***h counts !

The US's strategic oil reserves fell to their lowest level in 37 years last week as the releases ordered by President Joe Biden continued.

Strategic petroleum reserve (SPR) stockpiles fell to 453.1 million barrels in the week to Friday, according to Department of Energy data. That's the lowest level since January 1985.

https://markets.businessinsider.com/news/commodities/us-strategic-oil-reserves-lowest-since-1985-joe-biden-releases-2022-8

Architect1776 Loc: In my mind

DennyT wrote:

In actuality gas prices are pretty stable if viewed in current dollars

https://www.usinflationcalculator.com/gasoline-prices-adjusted-for-inflation/

But if viewed honestly some would not have much to whine about.

And milk

https://www.usinflationcalculator.com/inflation/milk-prices-adjusted-for-inflation/

Yeah stable, gas 2 dollars or more a gallon than when Trump was president.
Everything else is up similarly including interest rates.

DennyT Loc: Central Missouri woods

Blurryeyed wrote:

The US's strategic oil reserves fell to their lowest level in 37 years last week as the releases ordered by President Joe Biden continued.

Strategic petroleum reserve (SPR) stockpiles fell to 453.1 million barrels in the week to Friday, according to Department of Energy data. That's the lowest level since January 1985.

https://markets.businessinsider.com/news/commodities/us-strategic-oil-reserves-lowest-since-1985-joe-biden-releases-2022-8

So ,
That’s not depleted is it. Nice try in fact that’s not even half gone.
And purpose of the SPR was use during times of supply issues,

JRiepe Loc: Southern Illinois

[quote=dirtpusher]What part yup u don't get because again you all are agreed to doing this [supporting long-term net-zero carbon emissions[/quote]

How is Biden supporting zero carbon emissions flying to Delaware every weekend? And the Liberal elites with their private jets? They're all phony do as I say not as I do individuals.

Blurryeyed Loc: NC Mountains.

DennyT wrote:

So ,
That’s not depleted is it. Nice try in fact that’s not even half gone.
And purpose of the SPR was use during times of supply issues,

No Denny, it is for use for times of an emergency, protecting Biden's failing administration is not an emergency, $5/gal gas is not an emergency, war would be, a production shut down would be, but Biden's war on US production certainly is not.

DennyT Loc: Central Missouri woods

Blurryeyed wrote:

No Denny, it is for use for times of an emergency, protecting Biden's failing administration is not an emergency, $5/gal gas is not an emergency, war would be, a production shut down would be, but Biden's war on US production certainly is not.

Don’t make things up for political reasons.

- there is no Biden war on production. In fact production production is at virtually the same production level as under trump

- stop your misstatements about the SPR

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCSSTUS1&f=M

- gas national averages is $3.68 ( because supply demand works)

Once again - you are blindly by partisan political glare.

T***h and facts count !

Architect1776 Loc: In my mind

DennyT wrote:

So ,
That’s not depleted is it. Nice try in fact that’s not even half gone.
And purpose of the SPR was use during times of supply issues,

There was NO supply issue until i***t FJB created it.
Prior to the i***t occupying space in the WH we were and exporting nation and FILLING the reserves depleted by previous i***ts to Trump.