You're triggered by nothing.
Literally, the absence of a GOP plan to fight the recession triggered you.
Calm down.
GOP's plan to fight the recession
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You're triggered by nothing.
Literally, the absence of a GOP plan to fight the recession triggered you.
Calm down.
Stfu you retarded faggot we were a net energy exporter including petroleum in 2019.
Perhaps you're the one doing the gaslighting by being a sophist...
Page 19: All federal legislation sunsets in 5 years.
Drives down real wages exponentially growing the impact of inflation and price increases you dumb fuck.
WE weren't the exporters, oil companies were.
So thanks for proving that oil companies export the oil from under our feet.
You're proving my point for me.
We aren't in a period of recession you low iq fucking chimp we are in a period of stagflation soon to be hyperstagflation, one leftist fuck up at a time.
WE were not because the industry isn't nationalized.
OIL COMPANIES exported more oil than we needed in 2019 because that is how they make money.
We don't own a single drop of oil, oil companies own it all.
The minimum wage hasn't increased in 13 years, wouldn't that be responsible for driving down everyone's wages?
Ya you're right gas prices don't decrease as domestic output increases because you're smart. Fucking idiot.
How is it "inflation" if wages and prices aren't inflating at the same rate?
Real wages increases naturally under Trump thanks to full employment and actual competition for labor you literal fucking retard
So we aren't in a recession right now? You've been arguing on other threads that we are.
You don't know what stagflation is because this is most certainly not it right now.
Prices are increasing and wages aren't keeping up due to the ready supply of cheap labor you dumb fuck.
It's worse than a recession it's stagflation, God you're fucking dumb.
Stagflation is a mash-up term combining the words stagnation and inflation. It describes an economy that is malfunctioning, in which prices keep soaring while economic growth — the rate of increase in the output of goods and services — slumps.
All oil is bought and sold in the same place; the global market.
OPEC's output is about 3x ours, so if we increased our production, they could very easily cut their production by the same amount so the global price doesn't change.
Or if they choose violence, they could ramp up production to drive down the price per barrel, which would bankrupt US oil companies like they did in 2015-16.
We have no leverage in the global markets unless we nationalize the industry.
You absolutely can fight a recession because a recession is caused by a drop in spending.
The only way out of a recession is for spending to increase, and that spending can be by anyone or anything.
The fastest way to get out of a recession is to stimulate the economy.
Matt Dillon
Retardium User
Er um...you need to check your math there pal, because while overall real wages increased, that's because the wealthy got wealthier.
Wage growth accelerates for workers, but salaries for the 1% just reached a new high
Salaries for the top 1% grew nearly four times the rate of those in the bottom 90% of earners
https://www.marketwatch.com/story/wages-for-the-1-just-reached-their-highest-level-ever-2018-10-18
According to the article, the top 1% saw wage increases of 3.7%, but the bottom 99% of workers saw wage increases of just 0.5%.
So what you're doing is taking the wage increases the wealthy enjoyed and are trying to represent them as the rate by which everyone's wages grew, but that's just not true given the data in the article.
0.5% wage increase gets eaten up by inflation, which for 2019 was 1.8%, so workers actually saw their wages decline in real dollars by 1.3% thanks to the tax cut.