Inflation is 3 percent

[Into the Night]

I don't have to link it. This is not arcane knowledge. And yes, we are all Keynesian, you're correct about that. But...you replied to a comment about NEO-Keynesianism. I'd go into detail here but for the fact that I don't believe you even know what that is.

You don't get to speak for everybody. Omniscience fallacy.

 

[Into the Night]

It absolutely does. It throws money at producers. And what is that called?

It does not throw money at producers. It just prints money. Money is not wealth. Government is not a producer.

It's called 'theft'.

 

[Into the Night]

It's not a crazy comment. I disagree with you about the focus being on demand. The money is given to producers.

No. The money is given to government. Government is not a producer. Money is not wealth.

 

[Into the Night]

I normally don't respond to a single comment more than once but I probably won't be back here for about a week so I think I need to be more detailed in my response to you.

I said Neo-Keynesianism is supply side. You said I was wrong. Keynesian economics is supply side. When times are bad give money to business to make more goods...IOW supply the goods. In good times practice austerity. A Neo-Keynesian will spend money in bad times AND in good times...That's what we do.

Your comment that Keynesians are focused on demand is...pardon the wording here...fucking retarded. They believe that SUPPLY drives demand (That's called supply side btw). Your little fantasy about an economic system that focuses on the consumer is a pipe dream...it doesn't exist. There are two schools of thought, stimulation and monetary...neither of which gives a flying fuck about you or any other individual.

You are just flat out wrong Mott.

Keynesian economics does not supply anything. It's just printing lots of money for the government.

 

[QP!]

we didn't cause Bidinflation.......just remember......Bush and Trump cut taxes......Obama raised them and Biden raised the cost of living.....

And while you remember that remember the end result of each of their terms...

- Bush Jr inherits soaring US economy from Bill Clinton and hands over reeling US economy on the brink of collapse
- Obama inherits shit economy from Bush Jr and fixes it and hands over soaring economy to Trump
- Trump inherits soaring economy from Obama and hands over reeling economy on the brink of collapse to Biden

And if things continue as they are now, whoever gets 2024 economy will get a super strong surging economy from Biden.



There is no longer any denying the facts that no matter how good the Dems build the economy, when a GOP Potus gets in, he will be handing to the next person an economy in ruins. The only thing you can argue is your 'reasons' for why Republi'cans' see economies ruined on their watch. Not that it happens, time and time again.

 

[PostmodernProphet]

And while you remember that remember the end result of each of their terms...

- Bush Jr inherits soaring US economy from Bill Clinton and hands over reeling US economy on the brink of collapse
- Obama inherits shit economy from Bush Jr and fixes it and hands over soaring economy to Trump
- Trump inherits soaring economy from Obama and hands over reeling economy on the brink of collapse to Biden

And if things continue as they are now, whoever gets 2024 economy will get a super strong surging economy from Biden.



There is no longer any denying the facts that no matter how good the Dems build the economy, when a GOP Potus gets in, he will be handing to the next person an economy in ruins. The only thing you can argue is your 'reasons' for why Republi'cans' see economies ruined on their watch. Not that it happens, time and time again.

the lies you make up are tiresome.......there is no denying THAT.....

 

[zappasguitar]

The economy absolutely sucked until the republicans took the house.

Biden doesn't write legislation, congress does.

You are welcome

And what did the House GOP do, what legislation did they pass, that brought such wonderful economic news?

 

[Tinkerpeach]

And what did the House GOP do, what legislation did they pass, that brought such wonderful economic news?

They blocked the democrats from passing more horrible bills.

 

[evince]

You mean like the infrastructure bill the republicans all voted against and are now bragging about the results of to their voters?

 

[evince]

the lies you make up are tiresome.......there is no denying THAT.....

Poor right wing shill


The republicans economic results are destroying your party huh


Republicans screw up the economy and then Democrats get voted in and fix the economy with Keynesian economic ideas


The republicans claim those results and cheat enough to het back in control


Then the cycle repeats



Sorry idiots


It’s just too obvious now

 

[PostmodernProphet]

Poor right wing shill


The republicans economic results are destroying your party huh


Republicans screw up the economy and then Democrats get voted in and fix the economy with Keynesian economic ideas


The republicans claim those results and cheat enough to het back in control


Then the cycle repeats



Sorry idiots


It’s just too obvious now

what is obvious is that demmycrats are the party of inflation, unemployment, higher taxes and empty shelves......

 

[Into the Night]

And while you remember that remember the end result of each of their terms...

Special pleading fallacy.

- Bush Jr inherits soaring US economy from Bill Clinton and hands over reeling US economy on the brink of collapse

Blatant lie.

- Obama inherits shit economy from Bush Jr and fixes it and hands over soaring economy to Trump

Blatant lie.

- Trump inherits soaring economy from Obama and hands over reeling economy on the brink of collapse to Biden

Blatant lie.

And if things continue as they are now, whoever gets 2024 economy will get a super strong surging economy from Biden.

Blatant lie. Economic depression is NOT a 'surging economy'.

There is no longer any denying the facts that no matter how good the Dems build the economy,

Lies are not facts.

when a GOP Potus gets in, he will be handing to the next person an economy in ruins.

Blatant speculation based on bigotry and lies.

The only thing you can argue is your 'reasons' for why Republi'cans' see economies ruined on their watch.

They aren't.

Not that it happens, time and time again.

It doesn't.

Inversion fallacies.

 

[Into the Night]

Dow futures rip higher as inflation report comes in lighter than expected:

The consumer price index rose 3% on a year-over-year in June. Economists polled by Dow Jones expected a 3% increase. Core CPI, which strips out volatile food and energy prices, also rose less than expected


https://www.google.com/amp/s/www.cnbc.com/amp/2023/07/11/stock-market-today-live-updates.html

Blatant lies. Since 2021 to today, there has been approx 32% inflation. Source: US Treasury.

 

[Into the Night]

You mean like the infrastructure bill the republicans all voted against and are now bragging about the results of to their voters?

It was not an infrastructure bill.

 

[Into the Night]

Poor right wing shill

Inversion fallacy.

The republicans economic results are destroying your party huh

Inversion fallacy .

Republicans screw up the economy and then Democrats get voted in and fix the economy with Keynesian economic ideas

Inversion fallacy. Keynesian economics does not fix any economy.

The republicans claim those results and cheat enough to het back in control

Inversion fallacy.

 

[Into the Night]

Wages are now increasing much faster than inflation, we are almost to the 2% figure. So where is the Great Depression that the Trumptards told us was coming. I'm sitting here buckled up, but nothing is happening! What gives?

Ooops.

Blatant lie. The economic depression is still here. It's been with us since DEMOCRATS shut down the economy.

 

[Into the Night]

Wonderfulnews. Is that 3% on top of the 15-30% we have already experienced since Brandon took office?

They are literally trying to lie their way out of their own history.

 

[Into the Night]

United States has the lowest inflation rate of the major western developed countries

USA 3%
France 4.6%
Germany 6.4%
Britain 8.7%
Italy 6.4%
Canada 3.4%
Japan 3.2%


https://tradingeconomics.com/country-list/inflation-rate-

Argument from randU fallacies. False authority fallacies.

Since 2021 to today, the States as seen approx 32% inflation. Source: US Treasury

 

[Into the Night]

Not surprising MAGA would get angry at good economic news.

Economic depression is NOT 'good economic news'.

Three years ago your Messiah Trump practically guaranteed that if Americans dared to elect Biden there would be an unprecedented economic depression of apocalyptic proportions.

And he was right. We are in an economic depression and inflation since 2021 to today is approx 32%.

 

[Into the Night]

Everything bad that happens is Biden's fault. The People of Italy have had enough of Biden. All the GOP has now is their culture war, and they are getting slaughtered.

Assumption of victory fallacy.