"Bidenflation"

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BartenderElite said:
It's fun to blame Biden for everything. But inflation, alas, is global.
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It's just extra special global in the US...

Folks were missing Ultra MAGA gas prices before the war even began. Inflation happens when too much money is printed devaluing the money, it isn't a mysterious phenomena. Spending still more by the government will exacerbate inflation.

Remember when it was "transitory and short"? Yeah, I miss those times.

Brandon trying to blame inflation on Russia and the war is absurd. Here's a nice story about it from well before the war...

https://fortune.com/2021/11/25/us-inflation-among-highest-in-world-biden-turkey-supply-chain/

Brandon appears entirely incapable of dealing with the issue, attempts to pass the buck and rub Brandon with political Teflon has done little to change that folks in the US know where the buck is supposed to stop and they give Brandon approval ratings that match his usefulness. Only the yellow dog democrats will still say they love them some Brandon leaving Brandon more than 11% underwater in an average on the polling.
 
Damocles said:
It's just extra special global in the US...

Folks were missing Ultra MAGA gas prices before the war even began. Inflation happens when too much money is printed devaluing the money, it isn't a mysterious phenomena. Spending still more by the government will exacerbate inflation.

Remember when it was "transitory and short"? Yeah, I miss those times.

Brandon trying to blame inflation on Russia and the war is absurd. Here's a nice story about it from well before the war...

https://fortune.com/2021/11/25/us-inflation-among-highest-in-world-biden-turkey-supply-chain/

Brandon appears entirely incapable of dealing with the issue, attempts to pass the buck and rub Brandon with political Teflon has done little to change that folks in the US know where the buck is supposed to stop and they give Brandon approval ratings that match his usefulness. Only the yellow dog democrats will still say they love them some Brandon leaving Brandon more than 11% underwater in an average on the polling.
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But, as you mentioned: it's a global issue.

The rest of your post is just partisan stuff.
 
BartenderElite said:
But, as you mentioned: it's a global issue.

The rest of your post is just partisan stuff.
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I mentioned that it is "extra special global" in the US... because it is higher here than in other developed nations. Because Brandon's policy sucks and folks know it. Pretending you didn't understand is funny and as you noted "partisan nonsense".

The reality, this is a problem for Brandon. It will continue to be a problem for Brandon because his team's every notion is to spend more money causing more inflation. Nothing he does is right.
 
dukkha said:
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/...-pour-fiscal-accelerant-on-the-inflation-fire
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Excellent.

Black isn't white after all.
 
The dirty little secret is that the people who run our economy need massive inflation, they would have to create it if it did not happen organically, because it is the only way to deal with all of the debt they have created.

This is a form of default, and they need the inflation to continue for a good five years, more if the Revolution continues to spend as they have been.

Their claims that they want inflation to end are just as much lies as were their claims that inflation was transitory.
 
T. A. Gardner said:
Are you or someone you know on an Obamacare plan? Come October, your monthly payment on that plan is going to nearly double...

Yea, the Dim's are aware of this and in a panic as to what to do to stop that, because it comes right before an election and the people on those plans tend to vote Democrat.


https://www.huffpost.com/entry/health-insurance-prices-2023-aca-obamacare_n_628120e3e4b050d951934a5e
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Power currently has no problem making as many dollars as they need as they spread money all around the world. That ability is ending, likely sooner rather than later, but Obamacare premiums are unlikely to be a problem.
 
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