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It’s the 1970s all over again, and Joe Biden is the new Jimmy Carter

October 17, 2021

By Paul Homewood



Want proof that the Biden administration is really the second incarnation of the Carter administration? We have runaway inflation, Americans trapped overseas, a member of the first family who tried to do business with Libya and a president begging the Organization of the Petroleum Exporting Countries and allies (OPEC Plus) to increase oil production. It’s like the 1970s all over again.

Gas prices have risen $1 a gallon since Joe Biden’s election, while crude oil prices have doubled since November to $83 per barrel — and some analysts predict they could rise by another $10 before the end of the year. Natural gas prices have shot up more than 150 percent in the same period, which means winter heating bills for the half of American homes that use natural gas are projected to be 30 percent higher than last year — 49 percent higher in the Midwest.

This is the result of deliberate policy choices. Biden has made clear his intention to tax and regulate the fossil fuel industry out of existence. During the 2020 campaign, he declared, “I guarantee you. We’re going to end fossil fuel.”

Well, those threats have consequences. Today, the number of rigs producing oil across the United States is 528, roughly half its 2019 peak under President Donald Trump. When you tell oil producers you plan to put them out of business, they are not going to bolster production or drill more wells. When your $3.5 trillion “Build Back Better” plan would impose punitive taxes oil and gas, the producers are going to get the picture that building back better doesn’t include them.

And when you make clear you plan to destroy an industry, banks and investment firms stop investing in it. The New York Times reports that the “flow of capital from Wall Street has slowed to a trickle after a decade in which investors poured over $1.4 trillion into North American oil and gas producers through stock and bond issues and loans” as woke capitalists “pare their exposure to fossil fuels to meet the commitments they have made to fight climate change.” BlackRock, the world’s largest asset manager, has announced that it intends to have “net zero emissions across our entire assets under management by 2050.”

The result? Less fossil fuel production and higher prices — with lower-income Americans who can afford it the least penalized the most at the pump.

Full story here.

  1. Douglas Dragonfly permalink
    October 17, 2021 5:26 pm

    Black Rock own coca cola and Pepsi, probably both the Conservative and Labour Party.
    This approach means they control everything.
    They are also running seminars on electric vehicles for city council’s as well as businesses.
    So what they dictate usually happens. They’re just too big.

  2. Ian Wilkinson permalink
    October 17, 2021 5:30 pm

    In a country containing such a plethora of talent – is he really the best they could do?

    • matt dalby permalink
      October 17, 2021 7:42 pm

      He’s the perfect example of why it’s a bad idea to tamper with an election result instead of listening to the common sense of the masses. There’s never been an even half decent politician that has got into power via a rigged vote.

      • Duker permalink
        October 18, 2021 8:48 am

        Utter rubbish
        Too many people hated Trump too much. There was a reason the turnout was so high and republicans did very well on the same ballot as Trump.
        Even the ‘recount’ in Phoenix recently , orchestrated by GOP operatives,
        increased Bidens count. Increased his margin !

        How hilarious is that.

      • Phoenix44 permalink
        October 18, 2021 9:55 am

        Duker I’m confused by your “logic”. If the count in Phoenix was wrong, it was wrong. Assuming it would therefore be wrong in Biden’s favour everywhere is stupid. The system appears to count badly. Thinking you know what it was in reality is bizarrely arrogant, obviously driven by your hatreds and prejudices.

      • Gerry, England permalink
        October 18, 2021 11:39 am

        In Maricopa County where Dementia Joe Xiden ‘won’ by 10,000 votes there have been shown to be over 50,000 suspect votes. No fraud there then LOL

        And we know that there has been fraud as the Demotwats are screaming blue murder and rushing to enshrine vote-rigging in law while opposing identity checks and other measures to ensure a true poll otherwise what have you got to hide? At no time has any Demotwat said ‘sure, let’s have an open audit to prove it’.

      • Duker permalink
        October 18, 2021 9:18 pm

        I never said the recount in Phoenix was wrong. It just wasnt an official one
        as was prescribed by law. Yes, they had that too soon after the election which confirmed Biden won in that area

        The unofficial one orchestrated by GOP using a private company with no experience still found Biden won. What was a surprise was Bidens margin increased by a small amount.
        Many other states , controlled by Republicans, also had recounts that Biden won also. ALL the election law cases that went before a judge, sometimes one appointed by Trump, found no breaches of election law either.

        You cant know there is fraud by just repeating a falsehood. The recounts are proof of no fraud or miscounts or missing ballots etc
        Having a belief is fine but dont call it evidence of fraud.

        These are paper ballots which are hand counted. this is an image from the recent recount showing how they did it

    • tomo permalink
      October 17, 2021 7:44 pm

      The people pulling the strings want compliant peeps out front – Joe’s ideal as he legitimately can’t remember what he just said.

      I see the Obamas are attending COP26….

      Biden’s state is thankfully starting to be discussed …..

  3. October 17, 2021 5:33 pm

    No. It is not Jimmy Carter all over again. The world population has doubled since Jimmy Carter.

  4. John Hultquist permalink
    October 17, 2021 5:50 pm

    With a decline in the production and use of carbon-based resources there will be significant reduction of income to the governments at national, state, and local levels. Work income and taxes paid will be replaced by government assistant payments. With the Biden Gang miss-allocating money, white elephant (green) projects will squander the newly minted money. Funds for roads and bridges, and other needed expenditures, will be sidetracked (flushed into bank accounts of the connected).
    Those of middle income and lower will pay for all this.
    The Bidens, Kerrys, Gores, Pelosis, and Harries won’t notice.
    Neither will the climate.

    • Phoenix44 permalink
      October 18, 2021 9:47 am

      The MMT madpeople don’t understand basic economics. You can only consume what you produce. If the US produces much less, consumption will fall unless the US consumes much more of somebody else’s production. That cones with an increasingly large price (literally as the dollar will fall). All the money printing in the world doesn’t raise production one widget. But Biden and his associates think government spending is production. But as the USSR found and France finds now, most people don’t want to or can’t consume government spending.

  5. AC Osborn permalink
    October 17, 2021 5:51 pm

    UN and WEF Agendas in action.

  6. Harry Davidson permalink
    October 17, 2021 6:28 pm

    Carter was an awful lot better than Biden. His main crime was that he was unlucky. The US has no space for an unlucky President.
    Biden isn’t unlucky, the people functioning as President (and that doesn’t include BIden), are just not that bright.

    • Phoenix44 permalink
      October 18, 2021 9:52 am

      Carter was, like so many politicians and experts of that era, accepting of the Great Ddcline theory that the elites had bizarrely accepted. As Thatcher and Reagan showed, the stagnation was a result of the state, rather than the state holding back as best it could stagnation. Give people economic freedom and you get innovation and growth. Sadly we are back to the same apocalyptic view of the world where only massive state intervention can save us.

  7. bluecat57 permalink
    October 17, 2021 8:04 pm

    At least Jimmy was likeable.
    Let’s go Brandon.

  8. October 17, 2021 9:48 pm

    Deliberately repeating and celebrating incompetence is criminality………….

  9. George Lawson permalink
    October 17, 2021 11:07 pm

    This almost guarantees the re election of Donald Trump if he stands .and he is sure to reverse all the stupid anti growth decisions that the Biden has imposed.

    • October 18, 2021 12:42 am

      He may not get the chance. This is orders of magnitude worse than Jimmy Carter – who at least wasn’t trying to effect a Great Reset that will undermine America and perhaps the West. If I’m right in my assessment of the people who are involved in this, they aren’t going to stop just because of a little thing like stagflation.(In fact, that may suit their purposes.)

      • Phoenix44 permalink
        October 18, 2021 9:42 am

        Stagflation was very bad but Biden will be far worse than Carter because he us taking many industries to UK 1970s level of inefficiency and interference. Millions of Americans can’t be bothered to work because of the handouts he has started and millions more want yet more cash redistributed. This is Venezuela style destruction. Four years of this and the US will be unrecognisable.

  10. Douglas Dragonfly permalink
    October 18, 2021 6:32 am

    The powers of companies such as Black Rock and also Vanguard is beyond imagination.
    Not only do they own a large part of the stocks of nearly all big companies but also the stock of the investors in those companies.
    This gives them complete monopoly.
    90% of the international media is ow ed by none media conglomerates.

    While they ask for subscriptions you can still read more here –

    • Phoenix44 permalink
      October 18, 2021 9:39 am

      Yes but that money invested is not Blackrocks. How would they have accumulated so much? They manage other peoples money.

  11. Douglas Dragonfly permalink
    October 18, 2021 6:42 am

    Apologies for the spelling error. The correct address is :-

  12. Phoenix44 permalink
    October 18, 2021 9:38 am

    What I like most is Biden’s claim that his vast spending is going to lower every day costs for people. That people believe government can achi6that despite centuries of utter failure is bad enough but that Biden doesn’t see the circularity proves his ignorance. Take my money to make things cheaper for me?

    • Broadlands permalink
      October 18, 2021 7:22 pm

      “What I like most is Biden’s claim that his vast spending is going to lower every day costs for people.”

      What I like most is his firm belief that he and his buddies can lower the Earth’s temperature by removing all carbon fuels to zero…the energy that got us here. Someone needs to change the dim bulbs in the White House. They can’t even understand why the economies are in trouble because of those “green” desires.

      • Duker permalink
        October 18, 2021 9:23 pm

        They all have drunk the nett Zero juice.
        From Merkel ( still chancellor) to Johnson, to Macron, to Trudeau, to Scott Morrison in Australia ( he just doesnt have his small rural coalition partner on board yet- yes they will be bought off)

  13. dearieme permalink
    October 18, 2021 12:09 pm

    This seems far too harsh on Carter to me. Carter got a lousy press in the US – partly, perhaps, because he was an outsider, just as Trump has been despised in establishment circles for being an outsider.

    Whereas Biden is an insider though a rather dim narcissist of no discernible merit. And now he is demented too.

  14. October 19, 2021 12:09 am

    Whilst MAThiessen is entitled to his opinion, it is like comparing apples to oranges: 1) current inflation (~5%), due mainly to the dislocation of the world economies because Covid-19, and due to the inadequate response of the previous US administration, pales to the inflation rates (peaking at over 15%) back then in the 70s and due mainly to the oil embargo imposed by OPEC; 2) while apparently most of the US citizens left in Afghanistan stayed there on their own volition and spread out in the country and therefore are not prisoners, the 400+ US Embassy personnel in Teheran were held captive and sort of at gunpoint by the Iranian armed forces within the Embassy compound.

    It is far too easy to criticize: why don’t you at least try to offer alternatives?

  15. October 19, 2021 12:48 am

    and 3) whilst “a member of the first family who tried to do business with Libya” (actually that “happened” when he was a member of the second family) was reported to be on a salary or retainer of a couple of million dollars several years ago, apparently many first family members of the previous administration made substantial amounts of money through the “trump enterprise” throughout the four year term….

  16. Gamecock permalink
    October 19, 2021 10:36 pm

    Time to bring back the “Misery Index.”


  1. It’s the 1970s all over again, and Joe Biden is the new Jimmy Carter – Watts Up With That? - Desi Creator

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