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Thread: "Bidenflation"

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    Default "Bidenflation"

    Biden's apologists try to downplay inflation worries by noting that they're largely confined to specific goods such as used cars. But the latest report shows inflation spreading to every sector of the economy, particularly where inflation can harm people of low income. Gasoline, for example, is up 42% from last year. Bacon, beef, pork, and eggs are all up by double digits. Childrenís shows are up 12%; electricity 5%; rents 2.9%.

    Inflation is outpacing hourly wage gains, which have risen 4.6% compared to inflation of 5.4%, which means real paychecks are falling, not rising, under Biden.

    Maybe this is why voters tell pollsters they don't support making Bidenís cash giveaways to parents permanent. Voters are smarter than Democrats think. They know that despite what Democrats say, free money is not really free.

    Even the Biden administration is forced occasionally to admit this. On a conference call with reporters about the nationís supply chain crisis, Biden officials acknowledged that March's $1.9 trillion spending bill drove up prices and made matters worse.

    But despite this admission, congressional Democrats are determined to pour $3.5 trillion worth of fiscal gasoline onto the inflation fire. The Biden administration even claimed in a report earlier this year that the best way to fight inflation was for the federal government to spend more money!

    The White House Council of Economic Advisers report, titled ďThe Cost of Living in America: Helping Families Move Ahead,Ē claimed that the cost of living would fall because Washington would be doling out daycare subsidies. The thinking is that families would be better off despite inflation in other economic sectors.

    This is innumerate. Inflation rises when more money chases fewer goods. With a supply chain crisis and COVID-related business restrictions, a sudden cash giveaway might be calculated to accelerate inflation.

    Biden is making the same mistake about the $1.9 trillion. The supply of daycare cannot appear magically overnight to meet all the demand Bidenís spending will create. The daycare sector is highly regulated, and Biden is added yet more regulatory hurdles, so it will become harder to expand supply. By making more parents seek limited daycare slots, Bidenís subsidies will push their price up faster than inflation in the wider economy.

    Instead of spending trillions more on highly regulated industries such as daycare, healthcare, and education, Biden would serve families better by removing regulatory barriers that make it so hard to increase capacity in these sectors.

    https://www.washingtonexaminer.com/o...inflation-fire

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    Default

    You think this is going to be a thing? No wonder you don't work on Madison ave.
    Go dig another hole.

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    Default

    Quote Originally Posted by Micawber View Post
    You think this is going to be a thing? No wonder you don't work on Madison ave.
    Go dig another hole.
    Doesn't matter where you work. When fuel prices rise, everything rises. That's a fact.
    Common sense is not a gift, it's a punishment because you have to deal with everyone who doesn't have it.

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    Default


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    Default

    #BareShelvesBiden is currently trending

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    Quote Originally Posted by Lionfish View Post
    Did Conan OíBrian get a sex change???

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    Quote Originally Posted by Lionfish View Post

    Yeap



    So much commerce they have to hire for 24/7 work at all the ports


    Stupid fuckers like you don’t get it

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    Quote Originally Posted by anonymoose View Post
    Did Conan O’Brian get a sex change???
    Mad she wouldn’t touch you with a ten foot pole


    And it’s not because you refuse to vax and mask

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    Quote Originally Posted by evince View Post
    Yeap



    So much commerce they have to hire for 24/7 work at all the ports


    Stupid fuckers like you don’t get it
    How's that working out?

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    Default

    Quote Originally Posted by dukkha View Post
    Biden's apologists try to downplay inflation worries by noting that they're largely confined to specific goods such as used cars. But the latest report shows inflation spreading to every sector of the economy, particularly where inflation can harm people of low income. Gasoline, for example, is up 42% from last year. Bacon, beef, pork, and eggs are all up by double digits. Children’s shows are up 12%; electricity 5%; rents 2.9%.

    Inflation is outpacing hourly wage gains, which have risen 4.6% compared to inflation of 5.4%, which means real paychecks are falling, not rising, under Biden.

    Maybe this is why voters tell pollsters they don't support making Biden’s cash giveaways to parents permanent. Voters are smarter than Democrats think. They know that despite what Democrats say, free money is not really free.

    Even the Biden administration is forced occasionally to admit this. On a conference call with reporters about the nation’s supply chain crisis, Biden officials acknowledged that March's $1.9 trillion spending bill drove up prices and made matters worse.

    But despite this admission, congressional Democrats are determined to pour $3.5 trillion worth of fiscal gasoline onto the inflation fire. The Biden administration even claimed in a report earlier this year that the best way to fight inflation was for the federal government to spend more money!

    The White House Council of Economic Advisers report, titled “The Cost of Living in America: Helping Families Move Ahead,” claimed that the cost of living would fall because Washington would be doling out daycare subsidies. The thinking is that families would be better off despite inflation in other economic sectors.

    This is innumerate. Inflation rises when more money chases fewer goods. With a supply chain crisis and COVID-related business restrictions, a sudden cash giveaway might be calculated to accelerate inflation.

    Biden is making the same mistake about the $1.9 trillion. The supply of daycare cannot appear magically overnight to meet all the demand Biden’s spending will create. The daycare sector is highly regulated, and Biden is added yet more regulatory hurdles, so it will become harder to expand supply. By making more parents seek limited daycare slots, Biden’s subsidies will push their price up faster than inflation in the wider economy.

    Instead of spending trillions more on highly regulated industries such as daycare, healthcare, and education, Biden would serve families better by removing regulatory barriers that make it so hard to increase capacity in these sectors.

    https://www.washingtonexaminer.com/o...inflation-fire
    I do not give a shit about "worries" I care about what has and will happen.

    There is inflation, and its been in check for decades, but when you come out of a pandemic and have supply issue, prices will go up.

    The pandemic did not have to be so bad in the Untied States, but it was and we have do deal with it. What policies of Biden's do you believe caused the inflation? Did you blame Bush for 9-11?
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