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Drudge Retort: The Other Side of the News
Tuesday, January 31, 2023

The International Monetary Fund said on Monday that the global economy was expected to slow this year as central banks continued ...

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Thank you, Joe Biden.

#1 | Posted by Sycophant at 2023-01-31 11:45 AM | Reply

The only "ease" in inflation we've experienced here in the USA has been at the gas pump - and that came with a major cost to both our national security and the price to fill those SPRs back up.

#2 | Posted by lfthndthrds at 2023-01-31 11:46 AM | Reply | Funny: 1

The only "ease" in inflation we've experienced here in the USA has been at the gas pump - and that came with a major cost to both our national security and the price to fill those SPRs back up.

#2 | POSTED BY LFTHNDTHRDS

I love how you ignore facts and give no reasoning to anything you say. You just make it up and run away.

Truly, a testament to Republican courage and thinking.

#3 | Posted by Sycophant at 2023-01-31 12:06 PM | Reply

You just make it up and run away.
Truly, a testament to Republican courage and thinking.

#3 | POSTED BY SYCOPHANT AT 2023-01-31 12:06 PM | FLAG:
(CHOOSE)

Nope, right here. Which part is made up?

The only thing "made up" is the numbers the Fed and this clown administration are feeding the sheep.

#4 | Posted by lfthndthrds at 2023-01-31 12:36 PM | Reply

"that came with a major cost to both our national security and the price to fill those SPRs back up."

We sold it for more than it cost to replace it.

Are you using Republican Math again?

#5 | Posted by Danforth at 2023-01-31 01:00 PM | Reply

Who knew the solution to global inflation was the threat of an investigation of Hunter Biden's penis!

#6 | Posted by truthhurts at 2023-01-31 01:01 PM | Reply

We sold it for more than it cost to replace it.
Are you using Republican Math again?

#5 | POSTED BY DANFORTH AT 2023-01-31 01:00 PM | REPLY

We're replacing it at a price that's more than it cost to fill it previously. I see you found Vern's calculator.

#7 | Posted by lfthndthrds at 2023-01-31 01:44 PM | Reply

We're replacing it at a price that's more than it cost to fill it previously. I see you found Vern's calculator.
#7 | POSTED BY LFTHNDTHRDS

Let me get this straight. Lets say I am a retailer and I buy 100 T-shirts for $1 a piece. I then sell 50 of them for $5 a piece. I then buy 50 more T-shirts for $2 a piece.

You are saying that under conservative business theory, that is not a successful and profitable business... because they had to buy T-shirts to replace what they sold at a higher price than they bought them originally (even though they bought them for less than what they sold them for)?

If that is how conservatives understand business it is no wonder that the economy always crashes when the conservatives are in charge.

#8 | Posted by gtbritishskull at 2023-01-31 01:55 PM | Reply | Newsworthy 2

"We're replacing it at a price that's more than it cost to fill it previously."

Exactly. Republican Math. You ignore any part of the equation that doesn't get you to your talking point.

#9 | Posted by Danforth at 2023-01-31 02:03 PM | Reply

#9 | POSTED BY DANFORTH AT 2023-01-31 02:03 PM

And yo try to twist it into a argument where it was a good financial deal - let alone the security implications that came along with the stupid move.

#10 | Posted by lfthndthrds at 2023-01-31 02:07 PM | Reply | Funny: 1

We're replacing it at a price that's more than it cost to fill it previously. I see you found Vern's calculator.
#7 | POSTED BY LFTHNDTHRDS

I don't take economic posts seriously from a guy who's proud of paying cash for vehicles.

#11 | Posted by JOE at 2023-01-31 02:24 PM | Reply

"And you try to twist it into a argument where it was a good financial deal "

Selling something for a large profit, and replacing it for less than you sold it locks in the profits, dumfuq.

You're trying to say locking in a profit is a bad idea. Do you get that???

#12 | Posted by Danforth at 2023-01-31 02:34 PM | Reply

We're replacing it at a price that's more than it cost to fill it previously.
#7 | POSTED BY LFTHNDTHRDS

LOL.
Was it sold at a profit or not?

#13 | Posted by snoofy at 2023-01-31 02:38 PM | Reply

"let alone the security implications that came along"

The implications which you clearly overblew and Biden proved to have understood better.

#14 | Posted by Danforth at 2023-01-31 02:40 PM | Reply

"Was it sold at a profit or not?"

Depends. Can I use a methodology I would never use for stock?
~LHT

#15 | Posted by Danforth at 2023-01-31 02:44 PM | Reply

We sold it for more than it cost to replace it.
Are you using Republican Math again?

#5 | POSTED BY DANFORTH

Not to mention those pesky faux standards again.

Every POTUS in my adult life has released oil from the SPR in times of high pricing/demand.

#16 | Posted by jpw at 2023-01-31 03:19 PM | Reply

The only "ease" in inflation we've experienced here in the USA has been at the gas pump - and that came with a major cost to both our national security and the price to fill those SPRs back up.

#2 | Posted by lfthndthrds

Democrats' inflation reduction act has already reduced the price of teslas by $13k.

#17 | Posted by SpeakSoftly at 2023-01-31 03:38 PM | Reply

Every POTUS in my adult life has released oil from the SPR in times of high pricing/demand.

But what about the security risk? It got down to 375 million barrels... that's only 95 days worth of imports. I'm surprised Putin didn't invade.

#18 | Posted by REDIAL at 2023-01-31 03:45 PM | Reply

"Was it sold at a profit or not?"

Pretend that transaction is on your tax return. Was it sold at a profit, or not?

#19 | Posted by Danforth at 2023-01-31 04:44 PM | Reply

"Was it sold at a profit or not?"

Quite frankly, even had Biden bought back oil at a HIGHER price than he'd sold it...the answer to the question is yes, the gas was sold at profit. It was sold for a higher price than it was bought. That's the standard.

Purchasing the new gas begins a new transaction...according to regular accounting. And the IRS.

Might Biden sell next time for a loss? Sure. Are we starting with a higher cost basis? Absolutely!

But...time for YOU to answer the question, truthfully: "Was it sold at a profit or not?"

Let's see if you pass the Econ 101 mid-term.

#20 | Posted by Danforth at 2023-01-31 04:53 PM | Reply

God damn it! Biden did not buy it for $0.38 per gallon, which it was originally bought in 1975. Thus and therefore, Biden is a failure!

#21 | Posted by truthhurts at 2023-01-31 05:12 PM | Reply

The WH paid about $70 per barrel to refill the reserve, or at least released plans to, at the end of October. The break even point on US on-shore oil producers is... $70. Drilling expansion is suffering from the same supply chain crunches as every other industry.

#22 | Posted by sitzkrieg at 2023-02-01 08:40 AM | Reply

Hey Lfthndthrds, why won't you answer your own question?
drudge.com

#23 | Posted by Danforth at 2023-02-01 10:50 AM | Reply

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