I'll bet there are used diapers all over the White House.

'President Biden is leaving Trump a shocking mess to clean up'

<https://thehill.com/opinion/finance/5025207-biden-leaves-mess-for-trump/>

'What an incredible mess Joe Biden will be leaving for Donald Trump on
Jan. 20.

It isn’t just the $36 trillion in federal debt (up $13 trillion since
2020), which has increasingly (and foolishly) been financed by
short-term borrowings; it is also inflation that refuses to die despite
slumping energy prices, a Strategic Petroleum Reserve that has been
drained to perilous levels, a weapons stockpile that is dangerously low,
a Department of Justice that has lost the confidence of Americans,
billions upon billions of taxpayer dollars that have been invested in
losing enterprises (here’s looking at you, Intel), an educational
curriculum that teaches kids to hate their country but fails to deliver
youngsters able to read and write, a housing crisis, a manufacturing
slump and so much more.

Biden also leaves Trump the nightmarish task of extricating the U.S.
from Ukraine’s war with Russia and — once again — having to restore a
sustainable balance of power in the Middle East.

No wonder Trump is preparing to hit the ground running.

If Joe Biden were a decent fellow and a patriot, he would be using his
remaining weeks as president to fix some of the disasters he has
created. Instead, he is doing just the opposite.

Biden and his apparatchiks are trying to spend every last dollar
authorized by the misnamed Inflation Reduction Act so that the Trump
administration cannot recapture those funds. The IRA gave the White
House some $375 billion in taxpayer funds to be strewn about the country
as they see fit, under the total control of former Hillary Clinton
campaign chair John Podesta.

Because the Biden White House has almost no one with private-sector
experience — no one with a history of building successful businesses —
the hapless crew proved unable to spend the many billions available.
Pete Buttigieg’s laughable effort to build charging stations for
electronic vehicles, in which the Transportation secretary spent $7.5
billion on eight such facilities after promising 500,000, or Kamala
Harris’s total failure to roll out internet access to rural areas
despite the $42 billion at her disposal, are emblematic of this
administration’s capabilities.

Anyone who knows anything about Washington will understand that leftover
money is about as popular as the fourth turkey sandwich served up after
Thanksgiving. The money must be spent! And so, rather than help the
Trump team (and the U.S.) by recycling unspent IRA money, they are
putting it to work — at least, in theory.

A recently released video from investigators at Project Veritas catches
an adviser to the EPA saying via hidden camera, “Now we’re just trying
to get the money out as fast as possible before they come in and stop it
all. … It truly feels like we’re on the Titanic and we’re throwing gold
bars off the edge.”

The adviser, Brent Efron, admits that while typically his department had
been making “sure the proper processes are in place to prevent fraud and
prevent abuse,” now they are shoveling money to tribes, nonprofits
and states at warp speed. Efron explains to the undercover reporter, “We
gave them the money because it was harder if it was a government-run
program, they could take the money away, if Trump won.”

Elon Musk commented that the video suggests “The U.S. government is
actively working to undermine the American people.” Or at least the
newly elected president.

In yet another example, Biden has just agreed with the American
Federation of Government Employees to protect some 42,000 workers at the
Social Security Administration from having to return to the office, a
key issue for the Trump team as it reforms the federal workforce.

Elsewhere, if Biden wanted to help the country, he would authorize the
rapid refilling of the Strategic Petroleum Reserve. He drained that
store of crude oil in 2022 in the midst of roaring inflation, trying to
lower gasoline prices and help Democrats in the midterm elections. When
Biden took office, the reserve held 638 million barrels of oil; today
the country has only 392 million barrels of emergency reserves, the
lowest in 40 years. Although the reserve is up 12 percent over the past
year, we are not protected against a serious price shock.

Biden is also leaving behind a portfolio of Treasury debt that is
dangerously weighted toward short-term instruments. Instead of financing
our recent $1.8 trillion federal budget deficit by issuing 10- and
30-year bonds, Janet Yellen has instead loaded up on two-year Treasury
bills in a nakedly political effort to avoid a massive jump in mortgage
rates. Writing in the New York Post, Charles Gasparino quotes Robbert
van Batenburg of the well-known Bear Traps Report, who estimates that
around 30 percent of all debt is now in short-term notes, compared to 15
percent in 2023. Given the enormity of the government’s borrowings, that
is an almost unimaginably sharp move.

Since we have had an inverted yield curve for most of the past two
years, it would have made sense to borrow long. Yellen did not, leaving
her successor to navigate higher costs going forward. As Bratenburg
writes, “The Treasury now faces a substantial volume of short-term debt
maturing annually, which must be refinanced at significantly higher
interest rates … [which] is driving a substantial increase in the
government’s interest expense.”

There are so many problems facing this country. Detroit auto makers are
losing billions and laying off workers thanks to Biden’s harmful
electric vehicle mandates; we have millions of undocumented migrants
busting blue city budgets; violent crime is higher because Democrats
have undermined law enforcement; and military leaders are warning that
we are running low on weapons. The Biden years have planted land mines
on many fronts for the incoming Trump team.

Shamefully, rather than trying to repair the damage they’ve caused, they
are racing to do more'

John Smyth <smythlejon2@hotmail.com> wrote in
news:4997ljpsb0fpgsclo0piaf034945aqbchd@4ax.com:

> I'll bet there are used diapers all over the White House.
>
> 'President Biden is leaving Trump a shocking mess to clean up'
>
> <https://thehill.com/opinion/finance/5025207-biden-leaves-mess-for-trum
> p/>
>
> 'What an incredible mess Joe Biden will be leaving for Donald Trump on
> Jan. 20.
>
> It isn’t just the $36 trillion in federal debt (up $13 trillion
> since 2020),

Trump supporters complain about debt.

Year - Debt, in billions

2016...........$19,573

2017...........$20,245

2018...........$21,516

2019...........$22,719

2020...........$27,748

http://tinyurl.com/3xy2wkmh

which has increasingly (and foolishly) been financed by
> short-term borrowings; it is also inflation that refuses to die
> despite slumping energy prices, a Strategic Petroleum Reserve that has
> been drained to perilous levels, a weapons stockpile that is
> dangerously low, a Department of Justice that has lost the confidence
> of Americans, billions upon billions of taxpayer dollars that have
> been invested in losing enterprises (here’s looking at you, Intel),
> an educational curriculum that teaches kids to hate their country but
> fails to deliver youngsters able to read and write, a housing crisis,
> a manufacturing slump and so much more.

Supporters of the Afghan and Iraq
wars complain about "billions lost in
losing enterprises". Gads.

>
> Biden also leaves Trump the nightmarish task of extricating the U.S.
> from Ukraine’s war with Russia and — once again — having to
> restore a sustainable balance of power in the Middle East.

If only Biden took the Trump approach
and just did a surrender and retreat from
every conflict.

Trump orders all US troops out of Somalia
December 4, 2020
https://tinyurl.com/3mdnbem7

Trump Orders U.S. Troops Out of Syria
Dec. 19, 2018
https://tinyurl.com/yf8s4dv7

Donald Trump wants all US troops out of
Afghanistan by Christmas
Oct 8 2020
https://tinyurl.com/4h6hyae5

US withdrawing thousands of troops from Iraq
September 9, 2020
https://tinyurl.com/73zh75v9

Trump to Pull Thousands of US Troops From Germany
June 5, 20205, 2020
https://tinyurl.com/ca9hk76x
https://tinyurl.com/5es7ehaf

Trump sticks to his guns on S Korea
troop withdrawal
MAY 2, 2024
https://tinyurl.com/yc5ddraa

>
> Because the Biden White House has almost no one with private-sector
> experience — no one with a history of building successful businesses

Successful businesses, you say?

Trump Airlines - failed.

Trump Vodka - failed.

Trump University - failed.

Trump Casinos - failed.

Trump Steaks - failed.

Trump Mortgage - failed

Trump The Game - failed.

Trump Magazine - failed

Trump Ice - failed

Trump Football Team - failed

Trump Oceans resorts - failed.

Trump Network - failed.

Trump News Media - failed.

Mitchell Holman wrote:
> John Smyth <smythlejon2@hotmail.com> wrote in
> news:4997ljpsb0fpgsclo0piaf034945aqbchd@4ax.com:
>
>> I'll bet there are used diapers all over the White House.
>>
>> 'President Biden is leaving Trump a shocking mess to clean up'
>>
>> <https://thehill.com/opinion/finance/5025207-biden-leaves-mess-for-trum
>> p/>
>>
>> 'What an incredible mess Joe Biden will be leaving for Donald Trump on
>> Jan. 20.
>>
>> It isn’t just the $36 trillion in federal debt (up $13 trillion
>> since 2020),
>
>
> Trump supporters complain about debt.
>
>
> Year - Debt, in billions
>
> 2016...........$19,573
>
> 2017...........$20,245
>
> 2018...........$21,516
>
> 2019...........$22,719
>
> 2020...........$27,748
>
> http://tinyurl.com/3xy2wkmh

Agreed: _ALL_ COVID spending should have been vetoed.

> which has increasingly (and foolishly) been financed by
>> short-term borrowings; it is also inflation that refuses to die
>> despite slumping energy prices, a Strategic Petroleum Reserve that has
>> been drained to perilous levels, a weapons stockpile that is
>> dangerously low, a Department of Justice that has lost the confidence
>> of Americans, billions upon billions of taxpayer dollars that have
>> been invested in losing enterprises (here’s looking at you, Intel),
>> an educational curriculum that teaches kids to hate their country but
>> fails to deliver youngsters able to read and write, a housing crisis,
>> a manufacturing slump and so much more.
>
>
> Supporters of the Afghan and Iraq
> wars complain about "billions lost in
> losing enterprises". Gads.
>
>
>
>>
>> Biden also leaves Trump the nightmarish task of extricating the U.S.
>> from Ukraine’s war with Russia and — once again — having to
>> restore a sustainable balance of power in the Middle East.
>
>
> If only Biden took the Trump approach
> and just did a surrender and retreat from
> every conflict.
>
>
> Trump orders all US troops out of Somalia
> December 4, 2020
> https://tinyurl.com/3mdnbem7
>
>
> Trump Orders U.S. Troops Out of Syria
> Dec. 19, 2018
> https://tinyurl.com/yf8s4dv7
>
>
> Donald Trump wants all US troops out of
> Afghanistan by Christmas
> Oct 8 2020
> https://tinyurl.com/4h6hyae5
>
>
> US withdrawing thousands of troops from Iraq
> September 9, 2020
> https://tinyurl.com/73zh75v9
>
>
> Trump to Pull Thousands of US Troops From Germany
> June 5, 20205, 2020
> https://tinyurl.com/ca9hk76x
> https://tinyurl.com/5es7ehaf
>
>
> Trump sticks to his guns on S Korea
> troop withdrawal
> MAY 2, 2024
> https://tinyurl.com/yc5ddraa

Warmonger.