{"id":266462,"date":"2023-03-17T07:52:10","date_gmt":"2023-03-17T07:52:10","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=266462"},"modified":"2023-03-18T07:00:44","modified_gmt":"2023-03-18T07:00:44","slug":"biden-ignored-the-people-of-east-palestine-rushes-to-help-billionaire-bankers-in-silicon-valley","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=266462","title":{"rendered":"Biden Ignored The People Of East Palestine, Rushes To Help Billionaire Bankers In Silicon Valley"},"content":{"rendered":"

Joseph Curl — The Daily Wire March 15, 2023<\/strong><\/h1>\n

After a train carrying highly toxic chemicals derailed in East Palestine, Ohio<\/a>, President Joe Biden hopped on Air Force One, transferred to a train and went to \u2026 Ukraine.<\/p>\n

You see, the U.S. president is worried about their border. He doesn\u2019t care about the U.S. border, mind you, just theirs. And he\u2019s now been to the Ukraine border as many times as he\u2019s visited our southern border: once.<\/p>\n

But when billionaire bankers once again crashed and burned, Biden was on it fast.<\/p>\n

Everything went south on Friday, when the Silicon Valley Bank (SVB) collapsed \u2014 the second largest in history. Biden actually did some work over the weekend, assuring the financial sector that he\u2019s got their back.<\/p>\n

Then on Monday, 30 minutes before the New York Stock Exchange opened, Biden vowed that the federal government would hand out money just like the last time the banking world imploded, just 15 years ago.<\/p>\n

\u201cI instructed my team to act quickly to protect these interests,\u201d the president said in an effort to stem massive market losses and widespread panic.<\/p>\n

\u201cFirst, all customers who had deposits in these banks can rest assured \u2014 I want to \u2014 rest assured they\u2019ll be protected and they\u2019ll have access to their money as of today. That includes small businesses across the country that banked there and need to make payroll, pay their bills, and stay open for business,\u201d he said.<\/p>\n

\u201cAmericans can have confidence that the banking system is safe,\u201d Biden said at the White House. \u201cYour deposits will be there when you need them.\u201d<\/p>\n

Of course, SVB has little to do with \u201csmall businesses.\u201d Roblox, the online gaming firm worth $3 billion, had about $150 million in SVB. Streaming service Roku had nearly $500 million held in deposits with SVB. U.S. cryptocurrency firm Circle had $3.3 billion of its $40 billion of reserves at SVB.<\/p>\n

Not exactly your mom and pop \u201csmall businesses.\u201d<\/p>\n

Meanwhile, SVB CEO Greg Becker sold $3.6 million of company stock less than two weeks before the bank collapsed, and, in another one of those amazing coincidences, Peter Theil\u2019s Founder\u2019s Fund \u2014 worth $11 billion \u2014 withdrew millions by Thursday morning, Bloomberg reported<\/a>.<\/p>\n

But Biden was there swiftly to help out his billionaire buddies \u2014 a lot of whom donated to his presidential campaign. That was in stark contrast to what happened in Ohio. On February 3, a Norfolk Southern Railway train derailed in East Palestine, home to just 5,000 people. The cars, carrying vinyl chloride, ethyl acrylate, and isobutylene, spilled everywhere.<\/p>\n

For two straight weeks, Biden\u2019s Federal Emergency Management Agency (FEMA) did next to nothing, not showing up on site until February 18. And three weeks after the accident, on February 23, Transportation Secretary Buttigieg finally set foot at the disaster.<\/p>\n

And that visit came after former President Trump visited the town.<\/p>\n

Sen. J.D. Vance (R-OH) mused about why Biden never showed.<\/p>\n

\u201cI think that our leadership, our media, and our politicians were slow to respond to this crisis, in part because a certain segment of our leadership feels like the people of East Palestine are a little out of style. They have the wrong politics. They\u2019re a little too rural, maybe a little too white,\u201d he said<\/a> on Fox News.<\/p>\n

Sen. Josh Hawley (R-MO) tweeted<\/a>: \u201cJoe Biden will probably visit Silicon Valley Bank before he visits East Palestine.\u201d<\/p>\n

But Bernie Moreno, an entrepreneur with fewer than 10,000 followers on Twitter, also got off the best zinger. \u201cMaybe if East Palestine renamed itself \u2018East Silicon Valley,\u2019 it would finally get the attention it deserves from Biden.\u201d<\/p>\n

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Maybe if East Palestine renamed itself "East Silicon Valley," it would finally get the attention it deserves from Biden https:\/\/t.co\/uqOtJUj2NT<\/a><\/p>\n

— Bernie Moreno (@berniemoreno) March 13, 2023<\/a><\/p><\/blockquote>\n