Biden / Harris Focused Discussion

[Rasulis]

Banks Fight $4 Billion Debt Relief Plan for Black Farmers

Why?

By allowing borrowers to repay their debts early, the lenders are being denied income they have long expected, they argue. The banks want the federal government to pay money beyond the outstanding loan amount so that banks and investors will not miss out on interest income that they were expecting or money that they would have made reselling the loans to other investors.

For emphasis.

By allowing borrowers to repay their debts early, the lenders are being denied income they have long expected, they argue. The banks want the federal government to pay money beyond the outstanding loan amount so that banks and investors will not miss out on interest income that they were expecting or money that they would have made reselling the loans to other investors.

Keep in mind that black farmers have a hard time getting loans from banks. When they do get a loan, typically it is at a higher interest rate compared to their white counterparts. Also, black farmers make up 1.9% of the US farmer population, yet they received less than 1% of the US farm subsidy.

[Zan15]

Banks Fight $4 Billion Debt Relief Plan for Black Farmers

Why?



For emphasis.



Keep in mind that black farmers have a hard time getting loans from banks. When they do get a loan, typically it is at a higher interest rate compared to their white counterparts. Also, black farmers make up 19% of the US farmer population, yet they received less than 1% of the US farm subsidy.

i think you meant 1.9% of the farmers.


Also do banks fight when your family gives you money to pay a loan off? If you win at the lotto or stock market does the bank ask the state and Nasdaq for extra money???

LOL, i paid off my car 2 years early.....i should warn my boss the bank is going to come after him for paying me too high of a salary that i paid my car off too soon!!!!

[Rasulis]

i think you meant 1.9% of the farmers.


Also do banks fight when your family gives you money to pay a loan off? If you win at the lotto or stock market does the bank ask the state and Nasdaq for extra money???

LOL, i paid off my car 2 years early.....i should warn my boss the bank is going to come after him for paying me too high of a salary that i paid my car off too soon!!!!

Corrected. Typed to fast in the dark.

[Kaleredar]

They know it has nothing to do with Biden, its just another way for them to blame him for something, so that the base has more reasons to be angry at the current admin.

And it's yet another thing that's going to roll right off Biden's back.

I doubt that "remember that time in like early 2021 when the price of LUMBER was slightly higher?! That's the future LIBERALS WANT!" is going to find much purchase in the 2022 or 2024 elections.

[Hadriker]

They know it has nothing to do with Biden, its just another way for them to blame him for something, so that the base has more reasons to be angry at the current admin.

They also know it works. I see it all over facebook in posts and comments from conservatives who have bought into this lie. You point out its wrong and you get accused of being a commie or a sheep or something and get told to research it.

[GreyStriker]

Also do banks fight when your family gives you money to pay a loan off? If you win at the lotto or stock market does the bank ask the state and Nasdaq for extra money???

LOL, i paid off my car 2 years early.....i should warn my boss the bank is going to come after him for paying me too high of a salary that i paid my car off too soon!!!!

While the ability to pay off loans early is now a fairly standard feature of many consumer loans, this was certainly not the case in the past. I remember that back in the '80s and '90s, paying off a mortgage early required payment of a penalty, sometimes equal to the total interest that would be paid on the loan - i.e.; paying early would not be a financial benefit to the customer.

Consumer outrage during times of falling interest rates (see 80s and 90s) and more competition forced many loan providers to change their terms to allow early pay off without penalty. Apparently, this change has not yet been made for loans to the black farmers.

[cubby]

GOP counters Biden's infrastructure plan with $928 billion offer.

The offer falls short of the $1 trillion that Senate Republicans had said Biden was open to during their White House negotiations.
According to a document obtained by CNN, the GOP offer includes $506 billion for roads, bridges and major projects; $98 billion for public transit systems; $46 billion for passenger and freight rail; $21 billion for safety; $22 billion for ports and waterways; $56 billion for airports; $22 billion for western water storage; $72 billion for water infrastructure; $65 billion for broadband infrastructure; and $20 billion for infrastructure financing.

Short of the $1T Biden was open to, but pretty close to $1T. If I were Biden's strategist, and if the GOP's proposal was even remotely close to really helping the country, I would announce a press conference, and publically/loudly say, "great, let's do it", and immediately get it to the House for bipartisan passage.

And then watch the fucking GOP squirm.

[Edge-]

GOP counters Biden's infrastructure plan with $928 billion offer.


Short of the $1T Biden was open to, but pretty close to $1T. If I were Biden's strategist, and if the GOP's proposal was even remotely close to really helping the country, I would announce a press conference, and publically/loudly say, "great, let's do it", and immediately get it to the House for bipartisan passage.

And then watch the fucking GOP squirm.

How are they gonna pay for it? Haven't seen anything on that front yet, so as far as I'm concerned this is not a remotely serious counter-offer, and is still lacking.

Republicans are still living in fantasy land where they think tax cuts increase tax revenue and never have any ways of actually paying for anything.

They deserve nothing but continued scorn and ridicule for being a joke of a political party that's incapable of governance.

[Draco-Onis]

How are they gonna pay for it? Haven't seen anything on that front yet, so as far as I'm concerned this is not a remotely serious counter-offer, and is still lacking.

Republicans are still living in fantasy land where they think tax cuts increase tax revenue and never have any ways of actually paying for anything.

They deserve nothing but continued scorn and ridicule for being a joke of a political party that's incapable of governance.

They want to use 700 billion in unspent stimulus money so yes it is a joke.

[cubby]

How are they gonna pay for it? Haven't seen anything on that front yet, so as far as I'm concerned this is not a remotely serious counter-offer, and is still lacking.

Republicans are still living in fantasy land where they think tax cuts increase tax revenue and never have any ways of actually paying for anything.

They deserve nothing but continued scorn and ridicule for being a joke of a political party that's incapable of governance.

That's the beauty of it - it's their counter proposal. They get to figure it out, Biden could sit back and just laugh and laugh and laugh. Because you're right, the GOP is under the complete delusion that somehow cutting taxes creates tax revenue.

I know my scenario won't work - because I'm asking the GOP to do what they said, which they never do.

[kaid]

GOP counters Biden's infrastructure plan with $928 billion offer.


Short of the $1T Biden was open to, but pretty close to $1T. If I were Biden's strategist, and if the GOP's proposal was even remotely close to really helping the country, I would announce a press conference, and publically/loudly say, "great, let's do it", and immediately get it to the House for bipartisan passage.

And then watch the fucking GOP squirm.

Yup and then you have saved one of your few reconcillation attempts where you could add in the stuff that does not pass or a lot of it then. There is not some massive poison pill pass it immediately crow about doing a bipartisanship AND actually doing infrastructure that trump failed to do while still keeping your powder dry to do more later along party lines.

[cubby]

Yup and then you have saved one of your few reconcillation attempts where you could add in the stuff that does not pass or a lot of it then. There is not some massive poison pill pass it immediately crow about doing a bipartisanship AND actually doing infrastructure that trump failed to do while still keeping your powder dry to do more later along party lines.

Exactly! Biden would still have his two Reconciliation votes to use later, and the GOP would be trapped.

[kaid]

There’s only 4 months until reconciliation reset… not really a ton of reasons to hold back in that regard.

as proven with the covid plan you can do a reconciliation fairly quickly so if the GOP is willing to step up and the plan is not a massive poison pill immediately put it onto the floor and work to pass it. Then you still have a couple months left for a reconciliation of your choice. If the gop back out at the end then take that template add back some stuff you want back into it and pass it by reconciliation and go we bargined in good faith and accepted their bargin and STILL the gop won't accept it so we had to do this because we promised infrastructure and unlike trump we delivered.

[Milchshake]

Heard a rumor .. Biden issuing sanctions on China.

He canceled all of Princess Kleptomania’s deals.

[alexw]

That's the beauty of it - it's their counter proposal. They get to figure it out, Biden could sit back and just laugh and laugh and laugh. Because you're right, the GOP is under the complete delusion that somehow cutting taxes creates tax revenue.

I know my scenario won't work - because I'm asking the GOP to do what they said, which they never do.

The issue is the way they want to pay for it. Either via re-routing money from the stimulus bill or via lumping taxes onto the middle class via gas tax rises, tolls, and similar. It would be politically suicidal for Biden to accept any of those methods and we all damn well know that if he did, that the republicans would then campaign on "Biden lied to you and raised your taxes!" in the mid-terms.

Biden should do to them what they want to do to him. Get them to lay out in writing in detail their plans on how to pay for it. Then go public with those documents and say "republicans want to raise taxes on you, every middle class person would be paying around xxx more. There's no way I'm going to agree to what they want". Then go it alone via reconciliation.

[Edge-]

https://www.cnn.com/2021/05/27/polit...nds/index.html

I appreciate Biden gently throwing some shade at the Republicans bragging about the last round of stimulus that they voted against, and while not naming them by name listing all their names on a piece of paper that he held up and is easily readable in photos.

He's right, fuck these pieces of shit for trying to take credit for something they voted against. Democrats helped their constituents, not their constituents actual Representatives.

[Breccia]

Biden to propose $6T budget.

"Paywall."

Don't care. Biden's budget is just like Trump's budget: a wishlist of things he wants. Neither will ever be passed. At least we'll see what's important to Biden.

[CostinR]

Biden to propose $6T budget.

"Paywall."

Don't care. Biden's budget is just like Trump's budget: a wishlist of things he wants. Neither will ever be passed. At least we'll see what's important to Biden.

It's not really that simple. While yes Congress will tear it to shreds and make their own deal Biden is quite likely to get some of the things he wants, though likely not with the same amount of money he wanted. Trump was in the same boat where Congress really didn't care much for his budget requests but they still gave him some of the things he wanted. The most crucial where the Space Force, Artemis Program and the F-15EX fighter, among others.

[TexasRules]

https://twitter.com/TPostMillennial/...47198149152774

Joe Biden keeping it real:

I’m especially honored to share the stage with Brittney, and Jerdan, and Nathan, and Margrit Katherine. I love those barrettes in your hair, man. I tell you what — and look at her; she looks like she’s 19 years old, sitting there with her — like a little lady with her legs crossed.

Please use the same language and aplomb you would use if Trump had said this.....I know you won't.

[Endus]

https://twitter.com/TPostMillennial/...47198149152774

Joe Biden keeping it real:


Please use the same language and aplomb you would use if Trump had said this.....I know you won't.

And your problem is . . . what, exactly?

Oh god he thought a little girl looked cute and was acting like a little lady. If you can't see the difference between that and sexual objectification, pretty sure the problem is you.