I'll try to help here while being as non-partisan as possible (getting hard these days). It's as much about what he should have done as it is what he should be doing. In other words, when you've been printing 8%+ CPI increases month after month, you're quite clearly months behind the issue.
The first step to fixing a problem is admitting you have one, and I'm still not convinced he's there (actually, I am not convinced he has a frontal cortex capable of forming thoughts at all). First, we got the "transitory" line. A year later still with record inflation prints, I think we can retire that myth. Now, we are getting the "Putin price hike" and COVID lines. Oil producers and meat packers have also been blamed along the way. All of those are deflections intended to line the ears of those who won't think for themselves. I'm pleased to hear Biden call inflation his top domestic priority today, but my confidence is waning.
The Fed is a year behind. Rates should have begun ticking up a year ago. Instead, Biden was pushing massive spending bills, flooding the economy with new dollars, all while projecting weakness internationally and crimping domestic energy production. The Fed is now between a rock and a hard place...raising rates into what looks to be a recession.
Trump also printed trillions, though we thought at the time it was to avoid millions of deaths. That gets a bit more of a pass in my mind. Biden inherited an economy ready to roar to a recovery and has somehow bungled it.
The worst part of all of this is that inflation is a regressive tax. It hurts low-income earners worse than high earners. Asset prices rise for the asset-owning elites while the poor cannot feed themselves. A Democrat-led problem that hurts those they claim to have compassion for--imagine that.
Sweden's inflation rate was 2.9% this year.....up 0.8% from their YoY average.Ever heard the line that when the United States sneezes the world gets a cold? Inflation in many parts of the world is lower than it is in the United States right now. Our policies are absolutely horrible. Very few people seem to understand economics these days. So yeah, when we have economic idiocy in our country the rest of the world is going to have to deal with the fallout. When you throw in the economic struggles in China, it becomes an impossible situation.
The Fed is a year behind. Rates should have begun ticking up a year ago. Instead, Biden was pushing massive spending bills, flooding the economy with new dollars, all while projecting weakness internationally and crimping domestic energy production. The Fed is now between a rock and a hard place...raising rates into what looks to be a recession.
Trump also printed trillions, though we thought at the time it was to avoid millions of deaths. That gets a bit more of a pass in my mind. Biden inherited an economy ready to roar to a recovery and has somehow bungled it.
So - just so I understand - you believe Biden's policies are 100% the cause of global inflation. Right? Because, as you said, when US sneezes the world gets a cough.
OK. So the inflation started going up in June 2020. It doubled between Jan 2021 and March 2021.
The US issued three Economic Impact Payments during the coronavirus pandemic for people who were eligible:
- $1,200 in April 2020 (Trump - Dem Congress - Republican Senate)
- $600 in December 2020/January 2021 (Trump - Dem Congress - Republican Senate)
- $1,400 in March 2021 (Biden - Dem Congress - Dem Senate).
But it is 100% Biden's fault. That is your position?
This explains what has broken the economy. The march 21 payment wasn't remotely necessary as retail spending had returned to pre-pandemic normals and this constant effort to spend more has over heated the economy. He basically says it for what it is, the last two payments were solely for votes. We were 15% ahead of trend before we stuck more money into the economy.
Is Biden helping?Good, so we finally agree on something. Both republicans and democrats are responsible for the current inflation we are experiencing.
Good, so we finally agree on something. Both republicans and democrats are responsible for the current inflation we are experiencing.
Good, so we finally agree on something. Both republicans and democrats are responsible for the current inflation we are experiencing.
Maybe Joe Manchin should run in 2024 with Sinema as the VP .........What do you think following up the Biden bucks with Joe’s multi trillion dollar entitlement expansion bill would have done? Good or bad for inflation?
Thanks God for Joe Manchin.
I'll give them the benefit of the doubt and say that dems are both afraid of pure capitalism(so are most Rs) and also think they are smart enough to centralize plan. CP always misallocates resources. So, you have to prescribe more and more medicine for the side effects of the previous medicine. It's really a beautiful ponzi....create said problem then ride in on your white horse to save the day.Ive always thought Jimmy Carter was an awesome super nice human being.
Just his policies don't work in a capitalistic free society.
Democrats do not want a capitalistic free society.
If they say they do, they are either lying or have no comprehension of the effects of their policies on the system.
You probably should watch the video again. It was always both sides but philosophically, it's pretty clear where much of the stupid is.
1981 | 11.8 | 11.4 | 10.5 | 10.0 | 9.8 | 9.6 | 10.8 | 10.8 | 11.0 | 10.1 | 9.6 | 8.9 | 10.3 |
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What do you think following up the Biden bucks with Joe’s multi trillion dollar entitlement expansion bill would have done? Good or bad for inflation?
Thanks God for Joe Manchin.
Ahhhhhhh. So now legislation that never passed is now to blame for inflation. That makes sense.
This reminds me of earlier in the year when @PawsFan_ was blaming Pelosi for his taxes being higher this year.
For all you poors on here that cashed your stimulus checks and are now on here complaining about inflation... your boy Trump was the one signing the checks for 2 out of the three rounds.
Clearly. This was Regan's inflation rate during his first year of his presidency. Clearly, his policies were to blame!
1981 11.8 11.4 10.5 10.0 9.8 9.6 10.8 10.8 11.0 10.1 9.6 8.9 10.3
From February to March 2021, we saw inflation rate almost double. Given that you guys think Biden is a vegetable with dementia, you have to admit it was pretty impressive that he got so many policies in place in one month to affect the economy so significantly. Amazing!
For all you poors on here that cashed your stimulus checks and are now on here complaining about inflation... your boy Trump was the one signing the checks for 2 out of the three rounds.
That’s how the argument always goes when you have nothing relevant. Only liberals do shit like this.You're a piece of work. Bless your heart.
Similar to the laughing emoji? Thats the liberal go-to on this board.That’s how the argument always goes when you have nothing relevant. Only liberals do shit like this.
Whatabout you’re better than those liberal scum?Similar to the laughing emoji? Thats the liberal go-to on this board.
Remind me. Which branch of the Federal government has the ability to procure and spend money? Hint: It's not the Executive Branch.
Was anyone not allowed to take a stimulus check? I wasn't given an option.
And yup. I was wrong. Pelosi didn't cause my tax increase. Biden did by advancing me my child tax credit I didn't ask for or need. It knocked me up a tax bracket. First time in 33 years I've had to write the government a check.
But hey, continue your focus on Trump.
Hmmmm. Not what I said now is it.Biden only increased the child tax credit by $1000 in 2021. So you are complaining about having to pay higher taxes on that additional $1000. Yikes.
Hmmmm. Not what I said now is it.
I love the Republican narrative that Democrat run cities have higher crime rates. The two most populous Republican run cities also have higher than average crime rates for their state and nationally - Jacksonville and Fort Worth.Hmmmmm..... Is democrat another name for crime jakey? Let's look at the top 20 states with the highest crime index. I am going red vs blue based on who controls the state legislature. 14 RED. 6 BLUE. I am no mathematician, but it appears that 70% of the highest crime states in our fine union are controlled by republicans. REPUBLICAN is another name for CRIME.
Are you guys defunding the police down there?
30. 1,691 Ohio / 11,560,380 - RED
31. 1,701 California / 38,066,920 - BLUE
32. 1,757 Michigan / 9,889,024 - RED
33. 1,855 Washington / 6,899,123 - BLUE
34. 1,858 Missouri / 6,028,076 - RED
35. 1,869 North Carolina / 9,750,405 - RED
36. 1,884 Maryland / 5,887,776- BLUE
37. 1,911 Georgia / 9,907,756 - RED
38. 1,938 Oklahoma / 3,818,851 - RED
39. 1,941 Alabama / 4,817,678 - RED
40. 1,962 Texas / 26,092,033 - RED
41. 1,974 Delaware / 917,060 - BLUE
42. 1,986 Alaska / 728,300 - RED
43. 2,025 Arizona / 6,561,516 - RED
44. 2,065 Arkansas / 2,947,036 - RED
45. 2,095 Florida / 19,361,792 - RED
46. 2,167 Louisiana / 4,601,049 - RED
47. 2,180 Nevada / 2,761,584 - BLUE
48. 2,194 Tennessee / 6,451,365 - RED
49. 2,241 New Mexico / 2,080,085 - BLUE
50. 2,253 South Carolina / 4,727,273 - RED
I love the Republican narrative that Democrat run cities have higher crime rates. The two most populous Republican run cities also have higher than average crime rates for their state and nationally - Jacksonville and Fort Worth.
I think you meant Mega Maga Idiots......Yep, just more BS that they can repeat again and again and the MAGidiots will accept it as gospel, without question.
Like when they say that California is a shithole and terrible place to live.
I think you meant Mega Maga Idiots......
Yeah, I mean.....
Number of people moving to California drops significantly while more leave amid pandemic: Study
Fewer people have moved to California from other states since the start of the COVID-19 pandemic, while the number of Californians leaving to other states has gone up, a new study released Wednesda…ktla.com
"a lot of poors" ......what a douchebagCalifornia is very expensive, so it makes sense that a lot of poors would leave there and move to the south or new jersey, where they can live like kings and buy up all the property.
"a lot of poors" ......what a douchebag
says the king of name calling. You can't get out of your own way which is highly entertaining... Mr. He, she, it... 63%.and we are back to the name calling. So basic.
says the king of name calling. You can't get out of your own way which is highly entertaining... Mr. He, she, it... 63%.
I am flattered that you follow my posts so closely. I don’t even know who you are.
If you use the link you provided, you can compare crime in cities. Why don't you try comparing Jacksonville and Fort worth to places like, chicago and phily and see what you find? Also see the link below for the cities highest in violent crime. It only lists the top three, but SUPRISE(not), they are all democrat.I love the Republican narrative that Democrat run cities have higher crime rates. The two most populous Republican run cities also have higher than average crime rates for their state and nationally - Jacksonville and Fort Worth.
Data and stats are funny things. I think you will find that most of the crime in those "red" states come from large democrat controlled cities. In ohio, for example, I think the top 10 largest cities are dem run. I wager a large portion of the crimes are committed in those cities. I suspect you will find that carries through to most large cities in red states.Hmmmmm..... Is democrat another name for crime jakey? Let's look at the top 20 states with the highest crime index. I am going red vs blue based on who controls the state legislature. 14 RED. 6 BLUE. I am no mathematician, but it appears that 70% of the highest crime states in our fine union are controlled by republicans. REPUBLICAN is another name for CRIME.
Are you guys defunding the police down there?
30. 1,691 Ohio / 11,560,380 - RED
31. 1,701 California / 38,066,920 - BLUE
32. 1,757 Michigan / 9,889,024 - RED
33. 1,855 Washington / 6,899,123 - BLUE
34. 1,858 Missouri / 6,028,076 - RED
35. 1,869 North Carolina / 9,750,405 - RED
36. 1,884 Maryland / 5,887,776- BLUE
37. 1,911 Georgia / 9,907,756 - RED
38. 1,938 Oklahoma / 3,818,851 - RED
39. 1,941 Alabama / 4,817,678 - RED
40. 1,962 Texas / 26,092,033 - RED
41. 1,974 Delaware / 917,060 - BLUE
42. 1,986 Alaska / 728,300 - RED
43. 2,025 Arizona / 6,561,516 - RED
44. 2,065 Arkansas / 2,947,036 - RED
45. 2,095 Florida / 19,361,792 - RED
46. 2,167 Louisiana / 4,601,049 - RED
47. 2,180 Nevada / 2,761,584 - BLUE
48. 2,194 Tennessee / 6,451,365 - RED
49. 2,241 New Mexico / 2,080,085 - BLUE
50. 2,253 South Carolina / 4,727,273 - RED
Except Jimmy Carter was/is an actual good human being.
AmenMaybe Joe Manchin should run in 2024 with Sinema as the VP .........
My point wasn't to compare Jacksonville/Fort Worth to much larger cities - it was to point out that even in the most populous cities run by Republicans, the crime rates are higher than the state and national averages.If you use the link you provided, you can compare crime in cities. Why don't you try comparing Jacksonville and Fort worth to places like, chicago and phily and see what you find? Also see the link below for the cities highest in violent crime. It only lists the top three, but SUPRISE(not), they are all democrat.
2024 Crime Rates in U.S. Cities Report
By: SafeHome.org Research Updated: Dec 21, 2022 Compared to data from 2010, violent crime in the U.S. is trending up, while property is down by 33-percent. Small and extra-small cities have lower property crime rates than large- and medium-sized cities, but the differences are minimal. Crime is...www.safehome.org