Biden's plan to make inflation worse

[Matt Dillon]

It unfortunately will be far worse this time.

The difference is that there are ALREADY a lot of shortages, most caused by the Church of Covid and various Biden edicts.
Mail order wasn't as prevalent then as it is today. Amazon has to ship that stuff too, both in and out of their many warehouses. Amazon has never faced this kind of threat to it's shipping.

With limited fuel Amazon will find it difficult to ship product. There are not enough truckers as it is, and there is STILL the problem of stuff shipping from ports.

The pressure causing uncontrolled deflation will increase immensely as the economy stalls. The federal government will be forced into another round of quantitative easing to try to inflate their way of their predicament, quite possibly triggering uncontrolled inflation or even hyperinflation. Confidence in the dollar is already falling. People are already looking around for another currency.

This time it's going into "The Greater Depression".

It didn't have to be, but they made it so.

 

[Into the Night]

So, here's the situation. Fear.

Yours?

Repukes know how unpopular they are, especially after these two recent shootings.

Republicans don't go around shooting up schools.

The economy will cycle back.

Don't think so. The Fed is out of options. The Oligarchy is broke. Confidence in the dollar is already waning. Price controls planned by the Democrats will only cause more shortages.

The Repukes are scared

Of losing the country? It's already happened. Now they're trying to figure out the best way to get it back.

so they're trying to gaslight and throw up flairs in an attempt to distract.

You are describing Democrats and yourself again. Inversion fallacy.

It's not going to work

No, your gaslighting isn't going to work. People have woken up to what the Democrats are. Your lies aren't working anymore.

And also, we're taking their fucking guns, the bitches.

Try it. You will wind up on the wrong of one very quickly.

 

[Into the Night]

Upon what factors do you think that's likely to happen?

IMO, we're staring down the barrel at "The Greater Depression".

What makes you think anything's going to turn around?

We are already in a depression. This one has lasted for 2 1/2 years already. Nothing indicates it's going to end anytime soon.

 

[gemini104104]

President Joe Biden has had the inflation story entirely wrong from the beginning. So it’s no surprise that his latest plan to combat gas prices that hit six dollars per gallon in some markets, unprecedented supply chain disruptions, and an overall inflation rate near eight percent won’t work.

This Biden inflation odyssey (prices were rising less than two percent when Trump left office) has now lasted fifteen months. First we were told there was no inflation, then it was transitory, then it would only hurt the rich.

On Tuesday in the Wall Street Journal Biden finally admitted that "Americans are feeling anxious" about rising prices – the understatement of the year – and then blames the "turmoil," on global factors all beyond his control. He points the finger at Putin’s invasion of Ukraine, the Federal Reserve Board, and greedy meat producers, drug companies, and energy CEOs.

He even claimed that the economy was slowing down when he entered office when in fact the new vaccine was just hitting the market and a grand reopening of the economy was just beginning.

The president noted that Americans have better pay, but fails to mention that real wages have declined more than four percent on his watch. Savings have plummeted 79 percent and consumer debt is exploding as people turn to credit cards to make it from paycheck to paycheck.

People are demonstrably poorly now compared to January 2021 as their paychecks can’t keep pace with rising prices. For essentials like food, energy, transportation and housing the real inflation rate is well over 20 percent in the CPI numbers.

What is most demoralizing is the Biden inflation prescription laid out in the WSJ.

Biden’s call for price controls is equally misguided because every time we have tried this – most recently under Jimmy Carter – prices stayed high, but shortages exacerbated the price spikes. Biden writes that "I know that feeling" of higher energy prices, but doesn’t he remember that price controls gave the nation gas lines and rationing?

He also calls for higher taxes on the rich, on energy companies, and other businesses. How does this lower prices? If you tax the production of business goods and services you will get less of them – which means higher prices.

Finally, Biden wants more spending on green energy, more on infrastructure spending (we just passed a $1.1 trillion bill for public works), and on one million housing units. Now the government is going to be the nation’s largest landlord?

In other words, Biden is merely making yet another pitch for his multi-trillion dollar Build Back Better plan. It’s called doubling down on his failed progressive policies that lit the forest fire of inflation in the first place.


The last line in his WSJ piece is an almost insulting claim that he wants an "open and honest debate" with Republicans and independents to solve the economic crisis. Where? When?

There is no pivot to the sensible middle. There isn’t an apology or any acknowledgement that his policies are risking a crash of the economy. November can’t get here soon enough.

https://www.foxbusiness.com/politics/biden-inflation-prices-wages-government-spending


Summary: Biden is a steaming pile of shit and unfit for the office the left wing pieces of shit put him in.

Your kind still getting brain pissed on by Faux network of obscene entertainment. Consider some facts versus your Faux or faking it bullshit for a sucker:

5 Ways the Trump Administration’s Policy Failures Compounded the Coronavirus-Induced Economic Crisis

Last week, the total coronavirus death toll in the United States surpassed 100,000—a grim milestone in a battle that the Trump administration was not adequately prepared to fight. The United States now accounts for more than a quarter of the world’s COVID-19 deaths despite only accounting for roughly 4 percent of its population. The Trump administration’s failed public health response is mirrored by its failure to respond to the economic crisis, which has led to an economic fallout that sets the United States apart from other high-income nations.

With some 37.6 million Americans filing for unemployment insurance since the beginning of March and the official unemployment rate reaching 14.7 percent in April—a level not seen since the Great Depression—the American economy is in a disastrous state, with repercussions expected for years to come. The level of economic and public health pain that Americans are now experiencing, however, was not inevitable, but rather the consequence of a series of policy failures that started well before the coronavirus outbreak. The Trump administration’s past actions weakened the United States’ ability to respond to the pandemic, and its current actions continue to exacerbate the dual public health and economic crises. Although Congress was able to pass a series of stimulus measures that have blunted the economic pain for families, this relief happened in spite of the Trump administration, not because of it."
https://www.americanprogress.org/ar...mpounded-coronavirus-induced-economic-crisis/

A lot of countries are now suffering through the highest inflation in decades. In fact, 60% of the advanced economies in the world now have inflation That's above 5%. In more than half the developing world, inflation is over 7%.

Inflation isn't just an American problem — it's happening in places around the world and stretching some countries to the point of political unrest.

We are living in a world of inflation. Inflation that has accelerated in the United States over the past year or two is present beyond U.S. borders. Three NPR correspondents are on hand to help us look at this. Scott Horsley is here in Washington. He covers economics. Lauren Frayer is in Mumbai, India. And Carrie Kahn is in Mexico City. Welcome to all of you." The root cause of this global economic challenge obviously is a result the atrocity of the lawlessly hacked in tRump insurgency of crapped out failure, theft and corruption that resulted in a high impact scenario on the gobal economy and mainly as a result of tRump and his goons enabling the disastrous effects of COVID-19 to spread.

https://www.npr.org/2022/04/15/1093...A lot of countries are,, inflation is over 7%.

At recovering from the four years of tRump's atrocity, it appears President Biden has gotten a handled on the terrible matter and has resulted in an accelerated economic recovery. Obviously, it will take time to completely recover from the carnage that tRump and his goons created but it appears there is steady progress with President Biden and Team. Also, no one are miracle workers, but it takes God given qualified skill, experience, tact, ethics and cohesiveness among true professionals and not incompetent actors in society to get the job done at maintaining a sound and productive economy:

Biden’s Jobs Boom: How Policies Boosted the Labor Market Recovery in 2021
President Biden’s signature legislation, the American Rescue Plan Act, accelerated the economic recovery when it lost momentum; further fiscal steps are necessary to maintain this momentum and reduce economic inequality.

The latest data from the U.S. Bureau of Labor Statistics show that the labor market has added 7.9 million jobs since President Joe Biden took office in January 2021.1 His administration has made the revival of a flagging economy its top priority, with an emphasis on providing more assistance to struggling families. In early March 2021, Congress passed the administration’s American Rescue Plan Act (ARPA). In the 13 months from March 2021 through March 2022, the economy added 7.2 million jobs.2

Were President Biden’s policies the cause of this boom? This much is clear: The data show that his fiscal policies directly accelerated job growth, with the ARPA leading to the creation of 1 million to more than 4 million additional jobs since it went into effect. Now, it is time for Congress to build on these progressive accomplishments by enacting further measures, paid for by a more progressive tax system, to maintain jobs momentum and reduce persistent inequality."

https://www.americanprogress.org/ar...es-boosted-the-labor-market-recovery-in-2021/

 

[Matt Dillon]

wishful thinking. we are still in an inflationary mode. chances are a recession is down the road.
The Trump good times were squashed by the animated corpse occupying the WH

Well before that happened.

 

[Matt Dillon]

Your kind still getting brain pissed on by Faux network of obscene entertainment. Consider some facts versus your Faux or faking it bullshit for a sucker:

5 Ways the Trump Administration’s Policy Failures Compounded the Coronavirus-Induced Economic Crisis

Last week, the total coronavirus death toll in the United States surpassed 100,000—a grim milestone in a battle that the Trump administration was not adequately prepared to fight. The United States now accounts for more than a quarter of the world’s COVID-19 deaths despite only accounting for roughly 4 percent of its population. The Trump administration’s failed public health response is mirrored by its failure to respond to the economic crisis, which has led to an economic fallout that sets the United States apart from other high-income nations.

With some 37.6 million Americans filing for unemployment insurance since the beginning of March and the official unemployment rate reaching 14.7 percent in April—a level not seen since the Great Depression—the American economy is in a disastrous state, with repercussions expected for years to come. The level of economic and public health pain that Americans are now experiencing, however, was not inevitable, but rather the consequence of a series of policy failures that started well before the coronavirus outbreak. The Trump administration’s past actions weakened the United States’ ability to respond to the pandemic, and its current actions continue to exacerbate the dual public health and economic crises. Although Congress was able to pass a series of stimulus measures that have blunted the economic pain for families, this relief happened in spite of the Trump administration, not because of it."
https://www.americanprogress.org/ar...mpounded-coronavirus-induced-economic-crisis/

A lot of countries are now suffering through the highest inflation in decades. In fact, 60% of the advanced economies in the world now have inflation That's above 5%. In more than half the developing world, inflation is over 7%.

Inflation isn't just an American problem — it's happening in places around the world and stretching some countries to the point of political unrest.

We are living in a world of inflation. Inflation that has accelerated in the United States over the past year or two is present beyond U.S. borders. Three NPR correspondents are on hand to help us look at this. Scott Horsley is here in Washington. He covers economics. Lauren Frayer is in Mumbai, India. And Carrie Kahn is in Mexico City. Welcome to all of you." The root cause of this global economic challenge obviously is a result the atrocity of the lawlessly hacked in tRump insurgency of crapped out failure, theft and corruption that resulted in a high impact scenario on the gobal economy and mainly as a result of tRump and his goons enabling the disastrous effects of COVID-19 to spread.

https://www.npr.org/2022/04/15/1093...A lot of countries are,, inflation is over 7%.

At recovering from the four years of tRump's atrocity, it appears President Biden has gotten a handled on the terrible matter and has resulted in an accelerated economic recovery. Obviously, it will take time to completely recover from the carnage that tRump and his goons created but it appears there is steady progress with President Biden and Team. Also, no one are miracle workers, but it takes God given skill, experience, tact, ethics and cohesiveness among leaders in society to get the job done at maintaining a sound and productive economy:

Biden’s Jobs Boom: How Policies Boosted the Labor Market Recovery in 2021
President Biden’s signature legislation, the American Rescue Plan Act, accelerated the economic recovery when it lost momentum; further fiscal steps are necessary to maintain this momentum and reduce economic inequality.

The latest data from the U.S. Bureau of Labor Statistics show that the labor market has added 7.9 million jobs since President Joe Biden took office in January 2021.1 His administration has made the revival of a flagging economy its top priority, with an emphasis on providing more assistance to struggling families. In early March 2021, Congress passed the administration’s American Rescue Plan Act (ARPA). In the 13 months from March 2021 through March 2022, the economy added 7.2 million jobs.2

Were President Biden’s policies the cause of this boom? This much is clear: The data show that his fiscal policies directly accelerated job growth, with the ARPA leading to the creation of 1 million to more than 4 million additional jobs since it went into effect. Now, it is time for Congress to build on these progressive accomplishments by enacting further measures, paid for by a more progressive tax system, to maintain jobs momentum and reduce persistent inequality."

https://www.americanprogress.org/ar...es-boosted-the-labor-market-recovery-in-2021/

And you link to a commie site..wow. What a fucking shitheel you are.

Choke yourself, Private Pyle! Use my hand!

 

[Into the Night]

Realistic thinking. Like most people, I know more than you.

Buzzword fallacy. Arrogance.

 

[Into the Night]

This time it's going into "The Greater Depression".

It didn't have to be, but they made it so.

I suppose you could call it that.

 

[Into the Night]

Your kind still getting brain pissed on by Faux network of obscene entertainment. Consider some facts versus your Faux or faking it bullshit for a sucker:

That's the Fauci network.

5 Ways the Trump Administration’s Policy Failures Compounded the Coronavirus-Induced Economic Crisis

Trump didn't cause covid19 and he didn't shut down the economy. Democrats were the ones that shut down the economy.

Last week, the total coronavirus death toll in the United States surpassed 100,000

Random numbers are not data.

—a grim milestone in a battle that the Trump administration was not adequately prepared to fight.

What's to fight? The mildest variant of the Covid/SARS series of viruses so far yet discovered. Neither Trump nor Biden control the virus.

The United States now accounts for more than a quarter of the world’s COVID-19 deaths

Random numbers are not data.

despite only accounting for roughly 4 percent of its population.

Random numbers are not data.

The Trump administration’s failed public health response

So I guess you consider the vaccines a failure.

is mirrored by its failure to respond to the economic crisis,

The DEMOCRATS caused the economic depression. The DEMOCRATS shut down the economy over covid19.

which has led to an economic fallout that sets the United States apart from other high-income nations.

Proud of yourselves, eh?

With some 37.6 million Americans filing for unemployment insurance since the beginning of March and the official unemployment rate reaching 14.7 percent in April—a level not seen since the Great Depression—the American economy is in a disastrous state, with repercussions expected for years to come.

I will call this argument 1.

The level of economic and public health pain that Americans are now experiencing, however, was not inevitable, but rather the consequence of a series of policy failures that started well before the coronavirus outbreak.

No. It started when DEMOCRATS shut down the economy.

The Trump administration’s past actions weakened the United States’ ability to respond to the pandemic,

You already said this. I assume you figure the vaccines are worthless.

and its current actions

Trump is not in office. Didn't you get the memo?

continue to exacerbate the dual public health and economic crises.

Trump is not in office.

Although Congress was able to pass a series of stimulus measures

AKA quantitative easing, causing rampant inflation.

that have blunted the economic pain for families,

An economic depression is not blunting the pain.

this relief

A depression is not relief.

happened in spite of the Trump administration, not because of it."

Trump is not in office.

A lot of countries are now suffering through the highest inflation in decades.

Yes. Fiat currencies are failing everywhere.

In fact, 60% of the advanced economies in the world now have inflation

Random numbers are not data.

That's above 5%. In more than half the developing world, inflation is over 7%.

Random numbers are not data.

Inflation isn't just an American problem — it's happening in places around the world and stretching some countries to the point of political unrest.

The dangers of fiat currency.

We are living in a world of inflation. Inflation that has accelerated in the United States over the past year or two is present beyond U.S. borders.

So?

Three NPR correspondents are on hand to help us look at this.

Now you are going to point to a propaganda source like government radio as a proof???!?

The root cause of this global economic challenge obviously is a result the atrocity of the lawlessly hacked in tRump insurgency of crapped out failure,

Trump is not in office.

theft

Which is what socialism is.

and corruption

Which is what socialism is.

that resulted in a high impact scenario on the gobal economy and mainly as a result of tRump and his goons enabling the disastrous effects of COVID-19 to spread.

Trump is not in office.

At recovering from the four years of tRump's atrocity,

What recovery?

it appears President Biden has gotten a handled on the terrible matter

I will call this argument 2. You are now locked in paradox.

and has resulted in an accelerated economic recovery.

Irrational statement. You cannot argue both sides of a paradox.

Obviously, it will take time to completely recover from the carnage that tRump and his goons created

Irrational statement.

but it appears there is steady progress with President Biden and Team.

Irrational statement.

Also, no one are miracle workers, but it takes God given qualified skill, experience, tact, ethics and cohesiveness among true professionals and not incompetent actors in society to get the job done at maintaining a sound and productive economy:

Irrational statement.

Biden’s Jobs Boom: How Policies Boosted the Labor Market Recovery in 2021

Irrational statement. You cannot argue both sides of a paradox.

 

[Into the Night]

And you link to a commie site..wow. What a fucking shitheel you are.

Choke yourself, Private Pyle! Use my hand!

He is also actually arguing that the economy is terrible and recovering at the same time. He is locked in paradox and being irrational.

 

[Stringfellow Hawk]

When the economy turns around in a couple of months, and it will, are you going to credit Joe or find some way to say it was trump who laid the way?

LOL - I think we all know the answer, my friend!

it won't turn around while he is in office

 

[Stringfellow Hawk]

Your kind still getting brain pissed on by Faux network of obscene entertainment. Consider some facts versus your Faux or faking it bullshit for a sucker:

5 Ways the Trump Administration’s Policy Failures Compounded the Coronavirus-Induced Economic Crisis

Last week, the total coronavirus death toll in the United States surpassed 100,000—a grim milestone in a battle that the Trump administration was not adequately prepared to fight. The United States now accounts for more than a quarter of the world’s COVID-19 deaths despite only accounting for roughly 4 percent of its population. The Trump administration’s failed public health response is mirrored by its failure to respond to the economic crisis, which has led to an economic fallout that sets the United States apart from other high-income nations.

With some 37.6 million Americans filing for unemployment insurance since the beginning of March and the official unemployment rate reaching 14.7 percent in April—a level not seen since the Great Depression—the American economy is in a disastrous state, with repercussions expected for years to come. The level of economic and public health pain that Americans are now experiencing, however, was not inevitable, but rather the consequence of a series of policy failures that started well before the coronavirus outbreak. The Trump administration’s past actions weakened the United States’ ability to respond to the pandemic, and its current actions continue to exacerbate the dual public health and economic crises. Although Congress was able to pass a series of stimulus measures that have blunted the economic pain for families, this relief happened in spite of the Trump administration, not because of it."
https://www.americanprogress.org/ar...mpounded-coronavirus-induced-economic-crisis/

A lot of countries are now suffering through the highest inflation in decades. In fact, 60% of the advanced economies in the world now have inflation That's above 5%. In more than half the developing world, inflation is over 7%.

Inflation isn't just an American problem — it's happening in places around the world and stretching some countries to the point of political unrest.

We are living in a world of inflation. Inflation that has accelerated in the United States over the past year or two is present beyond U.S. borders. Three NPR correspondents are on hand to help us look at this. Scott Horsley is here in Washington. He covers economics. Lauren Frayer is in Mumbai, India. And Carrie Kahn is in Mexico City. Welcome to all of you." The root cause of this global economic challenge obviously is a result the atrocity of the lawlessly hacked in tRump insurgency of crapped out failure, theft and corruption that resulted in a high impact scenario on the gobal economy and mainly as a result of tRump and his goons enabling the disastrous effects of COVID-19 to spread.

https://www.npr.org/2022/04/15/1093...A lot of countries are,, inflation is over 7%.

At recovering from the four years of tRump's atrocity, it appears President Biden has gotten a handled on the terrible matter and has resulted in an accelerated economic recovery. Obviously, it will take time to completely recover from the carnage that tRump and his goons created but it appears there is steady progress with President Biden and Team. Also, no one are miracle workers, but it takes God given qualified skill, experience, tact, ethics and cohesiveness among true professionals and not incompetent actors in society to get the job done at maintaining a sound and productive economy:

Biden’s Jobs Boom: How Policies Boosted the Labor Market Recovery in 2021
President Biden’s signature legislation, the American Rescue Plan Act, accelerated the economic recovery when it lost momentum; further fiscal steps are necessary to maintain this momentum and reduce economic inequality.

The latest data from the U.S. Bureau of Labor Statistics show that the labor market has added 7.9 million jobs since President Joe Biden took office in January 2021.1 His administration has made the revival of a flagging economy its top priority, with an emphasis on providing more assistance to struggling families. In early March 2021, Congress passed the administration’s American Rescue Plan Act (ARPA). In the 13 months from March 2021 through March 2022, the economy added 7.2 million jobs.2

Were President Biden’s policies the cause of this boom? This much is clear: The data show that his fiscal policies directly accelerated job growth, with the ARPA leading to the creation of 1 million to more than 4 million additional jobs since it went into effect. Now, it is time for Congress to build on these progressive accomplishments by enacting further measures, paid for by a more progressive tax system, to maintain jobs momentum and reduce persistent inequality."

https://www.americanprogress.org/ar...es-boosted-the-labor-market-recovery-in-2021/

Trump has been out of office over 1 year and you still can't defend Biden without mentioning Trump....LOL, democrats are pathetic and are only happy when the whole nation is in misery

 

[LurchAddams]

it won't turn around while he is in office

Only an evil Republican can hope America suffers. So unpatriotic

 

[LurchAddams]

Trump has been out of office over 1 year and you still can't defend Biden without mentioning Trump....LOL, democrats are pathetic and are only happy when the whole nation is in misery

We'll stop mentioning trump right after you stop jerking off to his poster on your ceiling perv.

 

[Stringfellow Hawk]

Only an evil Republican can hope America suffers. So unpatriotic

only a douchebag democrat would call this misery progress

 

[LurchAddams]

only a douchebag democrat would call this misery progress

Like you did for 5 years, trump-sucker? We know. Projection is so strong with the trump cult.

 

[Stringfellow Hawk]

Like you did for 5 years, trump-sucker? We know. Projection is so strong with the trump cult.

Trump gave us a ROR of 52% with the Pandemic, Biden double digit negative

 

[LurchAddams]

Trump gave us a ROR of 52% with the Pandemic, Biden double digit negative

Liar.

 

[Stringfellow Hawk]

Liar.

Dumbass, everyone knows this, the market is a wreck. On ignore you go, much like dutch uncle, you are just pure dumbass

 

[LurchAddams]

Dumbass, everyone knows this, the market is a wreck. On ignore you go, much like dutch uncle, you are just pure dumbass

<shrug> Thank you for saving me the trouble, punk