On 3/13/2023, Joe Biden blamed Donald Trump for the recent bank failures and broadening contagion. Silicon Valley Bank and Signature Bank collapsed over the weekend. Silicon Valley Bank is the largest bank to fail since the 2008 liquidity crisis. Biden blamed Trump and threatened to go after those responsible: “In my Administration, no one is above the law.” “During the Obama-Biden Administration, we placed tough requirements on banks to make sure the crisis we saw in 2008 wouldn’t happen again,” Biden said. “Unfortunately, my predecessor rolled some of those back,” he said.

Joe Biden and Democrats in Congress created the inflation crisis by spending more than $6 trillion in a couple years. Inflation hit 40-year highs because of Joe Biden. Enter the Federal Reserve… Federal Reserve Chairman Jerome Powell raised rates seven times in 2022 for a total of 450 basis points – or 4.5% to hedge inflation. The sudden and dramatic rate hikes crushed the bankers. Jerome Powell knew exactly what he was doing. Silicon Valley Bank reportedly held $173 billion in deposits. The Fed interest rate is at 4.57% and $117 billion of Silicon Valley Bank securities are yielding only 1.56-1.66% – this caused a run on the bank. By Friday Silicon Valley Bank was in FDIC receivership. But Joe Biden is blaming Trump!

Biden mumbled for a few minutes on Monday and walked away without taking any questions.

3/13/2023, Joe Biden traveled to San Diego to meet with the British and Australian Prime Ministers to discuss the submarine deal. Biden arrived in San Diego after he mumbled through remarks and tried to reassure the public that ‘the banking system is safe’ after Silicon Valley Bank and Signature Bank collapsed. Biden’s daughter (and husband) Ashley Biden joined Joe in San Diego. Biden delivered remarks on the Australia-United Kingdom-United States partnership from Naval Base Point Loma.

“The meeting was scheduled so the leaders can discuss the Australia-United Kingdom-United States partnership known as AUKUS, the White House announced, and is expected to outline how Australia will acquire up to five nuclear-powered submarines from the United States as part of the agreement, according to the White House. Biden will also participate in bilateral meetings with Sunak and Albanese.” NBC San Diego reported.

At one point Joe Biden shouted at Navy personnel and said, “I’m their commander-in-Chief, right?”

Joe Biden, Reading From His Giant Teleprompter, Once Again Makes Absolutely No Sense.
Biden Walks Away When Asked About Ripple Effect After Massive Silicon Valley Bank Failure.

Joe Biden Brags About Economic Progress Even As Prices For Everything Are Up Under His Admin.
Biden Says Take-Home Pay For Workers Is Going Up, But Inflation Has Outpaced Wages For 22 Months.

No Word On When (Or If) Biden Will Visit East Palestine, Ohio — 35 Days After Toxic Train Disaster
On 3/10/2023, a reporter asked White House Press Secretary Karine Jean-Pierre, “Democrats now are joining the calls for President Biden to go to East Palestine. He has said he plans to go. What are the plans for him to go? Why hasn’t he gone yet?

MS. JEAN-PIERRE: So, I’ve been asked this question multiple times, as you know, Kristen.

Look, the President, when — when … I don’t have a — I don’t have a trip to announce at this time. Again, this has been a priority for the President.

Reporter: Understood. But now —

MS. JEAN-PIERRE: Southern, pardon me.

Reporter: — all of th- — now that all of that is in place, Democrats are saying it’s time for him to get down there.

MS. JEAN-PIERRE: And he said, when he was asked the question, that he will be there.

Reporter: Will it happen (inaudible)?

MS. JEAN-PIERRE: I don’t have a timeline for you.

Doocy: Director Young, do you think there is any wasteful government spending?

DIRECTOR YOUNG: Peter, this is why we have $1.6 billion to go after fraud … that is a difference from the last administration, who fired some of our IGs …

Doocy: So no — the criticism from Republicans in Congress is that this budget just makes the government too big. You don’t think so?

DIRECTOR YOUNG: We would not have a $1.6 billion proposal to go after fraud and waste and crime syndicates …

other clips of this published longer video is here:
Biden blamed Trump for bank failures. After 35 days, No Word On When Biden Will Visit East Palestine…(read more)

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Biden Blames Trump for Bank Failures: Is There Truth Behind the Claims?

In a political landscape heavily marred by blame games and finger-pointing, another accusation has been tossed into the mix. President Joe Biden has recently targeted his predecessor, Donald Trump, for the alleged failures of certain banks. While the statement has gained some attention, it is critical to scrutinize the validity of such claims.

While we are all aware that the COVID-19 pandemic has taken a severe toll on various sectors of our economy, including the banking industry, it is essential to examine whether Trump bears the sole responsibility for these failures. As with any complex issue, there are multiple factors at play, and assigning blame should be done cautiously and based on concrete evidence.

During his tenure, Trump implemented significant deregulation policies, claiming they would stimulate economic growth and allow for banks to thrive. Critics argue that these policies weakened regulatory oversight and potentially contributed to the vulnerability of certain financial institutions. However, it is essential to note that these measures were not solely initiated by Trump, but were part of a broader trend towards deregulation over the past few decades.

President Biden’s accusation implies that the bank failures were solely a result of Trump’s policies. However, this assertion oversimplifies a complex situation and overlooks the broader economic factors at play. Banking failures and economic crises are rarely caused by a single individual or administration. They often stem from a combination of factors, including market conditions, internal bank practices, and the overall economic climate.

Moreover, the timeline of events does not fully support the claim that ties Trump directly to the failures. The COVID-19 pandemic, which was a significant catalyst for economic distress, began to impact the global economy in early 2020, several months before Biden assumed office. It is crucial to analyze the actions taken by both administrations during this critical period to gain a comprehensive understanding of the context.

As citizens, we should demand transparency and accountability from our leaders, especially when it comes to critical issues such as the stability of our financial system. Instead of engaging in partisan blame games, it is essential for the Biden administration to provide a detailed analysis of the contributing factors to the bank failures. This should include an assessment of the actions taken by both Trump and Biden during their respective tenures to address the economic challenges posed by the pandemic.

Moreover, it is crucial for President Biden to demonstrate a commitment to the affected communities. One particular example is the case of East Palestine, a town significantly impacted by the bank failures. After 35 days in office, President Biden has yet to communicate any plans for a visit to the town or offer reassurances to its residents. It is imperative that leaders prioritize engaging with impacted communities and demonstrate their empathy and commitment to finding solutions.

In conclusion, while President Biden’s allegations against Trump regarding bank failures have sparked interest, it is essential to exercise caution when assigning blame. Bank failures are complex phenomena that cannot be solely attributed to one administration or individual. It is necessary for the Biden administration to provide an in-depth analysis of the causes and actions taken to address these failures and engage with impacted communities like East Palestine. Only through sincere efforts towards transparency and effective solutions can we hope to mitigate the damage caused and prevent future crises.