Brandonflation
- Thread starter Lionfish
- Start date
The out of control inflation, borders, and crime are all results of far left Democrat Socialist policies.
Loss of energy independence happened on Biden’s watch.
The Trump “remain in Mexico” policy was canceled by Biden on the first day of his presidency.
Now, 3 million more illegals are here than when Biden took office.
Closing pipelines and making it difficult to drill have sent gas prices through the roof.
His insane spending is driving inflation through the roof.
Biden is driving America into the ground and he is harming hard working Americans.
Loss of energy independence happened on Biden’s watch.
The Trump “remain in Mexico” policy was canceled by Biden on the first day of his presidency.
Now, 3 million more illegals are here than when Biden took office.
Closing pipelines and making it difficult to drill have sent gas prices through the roof.
His insane spending is driving inflation through the roof.
Biden is driving America into the ground and he is harming hard working Americans.
BartenderElite
Verified User
That's like saying Carter started Reaganomics.
Inflation started under Trump. All of the root causes of inflation started under Trump.
Inflation started under Trump. All of the root causes of inflation started under Trump.
ExpressLane
Verified User
That is why inflation was 1.4% when Trump left office . You liberals crack me up
I hear a lot of condemnation of inflation, but absolutely no plans for how they plan to curb it. Inflation is projected to last well into 2023. I’d be very interested in the measures the GOP plan to take, but so far, nothing.
BartenderElite
Verified User
That is why inflation was 1.4% when Trump left office . You liberals crack me up
But it started to go up under Trump. It doesn't matter so much where it "was" when his admin started it.
It's like when you guys say "his economy was great for awhile." He left office w/ it in shambles. Cherrypicking never works.
https://redstate.com/nick-arama/202...-and-shows-how-much-trouble-we-are-in-n640220
We just spent $8.50 for a loaf of Dave's Killer Bread Righteous Rye.
When factory bread is $8.50 we have a problem.
A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation before it becomes entrenched.
The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Shelter, food and medical care indexes were the largest of “many contributors,” the report said.
The report stresses how high inflation has broadened across the economy, eroding Americans’ paychecks and forcing many to rely on savings and credit cards to keep up.
Food costs rose 0.8% for a second month and were 11.2% higher from a year ago
The food at employee sites and schools index rose a record 44.9% from the prior month, reflecting the expiration of some free school lunch programs
Americans also experienced higher prices for utilities like natural gas and electricity in the month.
The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Shelter, food and medical care indexes were the largest of “many contributors,” the report said.
The report stresses how high inflation has broadened across the economy, eroding Americans’ paychecks and forcing many to rely on savings and credit cards to keep up.
Food costs rose 0.8% for a second month and were 11.2% higher from a year ago
The food at employee sites and schools index rose a record 44.9% from the prior month, reflecting the expiration of some free school lunch programs
Americans also experienced higher prices for utilities like natural gas and electricity in the month.
How?
Simple.
Get rid of all the fucking, cheap money/debt sloshing around.
Force the Fed to eliminate it's bloated balanced sheet.
Force them to aggressively, raise interest rates - and fuck the economic fall out in the short term (because it WILL hurt).
Never - by law - allow the Fed to raise it's balance sheet over $1 trillion again.
https://www.statista.com/statistics/1121448/fed-balance-sheet-timeline/
Balance the fucking budget by cutting spending...NOT by raising taxes.
Cut everything that is not directly, life threatening (including the military and many, social programs).
https://www.thebalancemoney.com/us-deficit-by-year-3306306
These two things will - for certain (barring a major war) - tame inflation.
It will also - almost for certain - cause a very, large recession.
Though it should be quite short.
But neither party has the stomach/political guts for that.
Let's just hope things don't get as bad as the early 1980's.
Because then, there will be no choice but extreme, Paul Volker-like moves.
Like a 20% PRIME rate (today it's 6.25%).
https://www.usinflationcalculator.com/inflation/historical-inflation-rates/
http://www.fedprimerate.com/prime_rate_history-monthly.htm
Once again, I DESPISE both parties (and the Fed, btw).
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So, health care costs are up by the largest percentage in history. So we can just implement Trumps health plan....... oh wait, never mind. I'm not sure how you resolve that, nor am I sure how they plan to put a damper on the outrageous increases in rent. Which, btw, are actually exacerbated by higher interest rates. Until the pent up demand can be met by supply, we will have these inflationary pressures. While the Fed can raise interest rates, the real solution to this is far more nuanced.
Excess reserves are not part of the money supply. Perhaps you should read up on that.
ExpressLane
Verified User
Actually it was about the same as when Trump took office. Inflation did not change significantly until Biden took office and started with his anti fossil fuel agenda. The annual inflation rate for 2016 was 2.1% , 2017 was 2.1% , 2018 was 1.9%, 2019 was 2.3%, 2020 was 1.4%, 2021 was 7.0%, 2022 is 8.2%
https://www.usinflationcalculator.com/inflation/current-inflation-rates/
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BartenderElite
Verified User
Well, a couple of things on that:
1) Presidential policies can take years to have an economic effect.
2) Inflation spikes were global. The U.S. had some of the highest, but the differences overall were fairly negligible. And people who know economics understand the reasons for this. The supply-chain and demand issues created by COVID made high inflation inevitable, and economists around the globe were predicting it throughout the pandemic
3) Fed policies contributed much more to any higher spikes in the U.S. than anything the President did.
But, ya know.....BIDEN!!!!!
‘I expect a tsunami of shutoffs’: 20 million American households are now behind an average of $788 on their utility bills — here are 3 simple ways to drop your monthly costs
"The U.S. consumer price index rose 8.2% in September from a year ago — down from a 40-year high of 9.1% in June. But hot inflation continues to hit consumers hard.
According to the National Energy Assistance Directors Association (NEADA), roughly 20 million households in the U.S. — one out of six homes — are behind on their utility bills."
"The U.S. consumer price index rose 8.2% in September from a year ago — down from a 40-year high of 9.1% in June. But hot inflation continues to hit consumers hard.
According to the National Energy Assistance Directors Association (NEADA), roughly 20 million households in the U.S. — one out of six homes — are behind on their utility bills."
ExpressLane
Verified User
Biden's anti fossil fuel energy policies had a chilling effect on the fossil fuel industry. Who wants to invest when the administration says no new drilling and no coal. Everything that is grown shipped or manufactured depends on fossil fuels. By his anti fossil fuel policies he has escalated the price of everything. By removing millions of barrels of oil from the world market he has increased the price of energy worldwide. And that is inflationary worldwide. If you think the amount of oil that the US produces does not effect the price of oil why does releasing oil from the SOR cause the price of oil to decrease? .
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Life is Golden
The Sage
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