Inflation proves Biden has done everything wrong all at once

[anatta]

https://nypost.com/2022/05/14/inflation-proves-biden-has-done-everything-wrong-all-at-once/

The Biden administration’s first response to any problem is to pretend that it isn’t a problem. That’s how inflation went from a minor problem to a major one. Unwilling to take the necessary steps to rein in inflation early — pushing the Fed to raise interest rates and slowing down the torrent of money going out the Treasury’s doors — Biden and congressional Democrats at first insisted that inflation wasn’t a real problem: “Transitory,” they called it.

And then when inflation turned out not to be transitory, they thought they could just pin it on the Russians. Jen Psaki sniffed smugly at the “Putin price hike,” as though Americans were too stupid to understand that inflation at home had started long before the Russian invasion of Ukraine. That gambit fizzled, too.

When you don’t have any fresh ideas or real principles — and when your long-term goals are limited by the fact that the president, who was born during the Roosevelt administration, isn’t exactly buying any green bananas — then the easiest thing to do is to throw money at every problem.

Throwing money at things is how you make inflation worse.

 

[anatta]

Washington had already thrown a lot of money at the economy during the COVID-19 emergency, and, predictably, the emergency spending outlasted the emergency.

By the time Biden was elected in 2020, Washington had thrown $2.6 trillion in budgetary resources at COVID and had authorized as much as $4 trillion in subsidized federal lending. That was new money amounting to about a third of GDP sloshing around the economy.
Biden’s first priority was pushing out another $1 trillion in a phony infrastructure bill (that has little to do with actual infrastructure) and a $1.9 trillion stimulus bill, even though the Consumer Price Index was already rising steeply, according to the Federal Reserve.

Stimulating an already overstimulated economy is how you make inflation worse.

Our inflation problem is only partly an issue of dovish monetary policy and reckless spending. There are problems in the real-world physical economy, too, those “supply-chain issues” we hear about. The Biden administration has done extraordinarily dumb things to make these worse, too, keeping in place the worst of the Trump administration’s anti-trade policies. That “Made in the USA” talk sounds good on the stump, but the truth is we need a lot that we don’t make at home and aren’t going to — including much of the steel and other vital inputs for the high-value manufacturing we actually do here.

Biden has rejected obvious reforms such as waiving the Jones Act, which keeps goods — and fuel — from moving from one US port to another via ship. It has backed union efforts to prevent operators from improving the capacity and efficiency of our ports through automation, sacrificing that progress in favor of a make-work policy for the benefit of longshoremen. Nearly none of that “infrastructure” money has made its way to any project that would actually ease supply-chain issues.

Interfering with trade during a supply-chain crisis is how you make inflation worse.

The United States, Canada and Mexico together make up a formidable energy superpower. But it does not matter how much oil and gas you have if you cannot get it to refineries and then get the refined products to consumers. Biden killed the Keystone XL pipeline, and his EPA is standing on the neck of developing any new conventional energy infrastructure. As gasoline prices skyrocket, US refineries in the Gulf are sending much of their gasoline to Mexico to be sold, because there is no economic way to get it to the Northeast or the West Coast.

Biden is contemplating a trip to Saudi Arabia to beg OPEC to produce more oil —apparently, nobody has told him that Midland, Texas, is a hell of a lot closer.

Driving up energy prices for no good reason is how you make inflation worse.

Inflation is sometimes associated with a booming economy, but our economy shrank in the last quarter. Biden, who was in the Senate in the 1970s, is old enough to remember the word “stagflation,” which is what you get when you have a stagnant economy and inflation at the same time.

And it is what you get when you combine the wrong monetary policy with the wrong fiscal policy, the wrong trade policy, the wrong regulatory policy, and the wrong energy policy.

And that’s how you make inflation worse.
https://nypost.com/2022/05/14/inflation-proves-biden-has-done-everything-wrong-all-at-once/

 

[BartenderElite]

Inflation is global, and was inevitable after COVID. The U.S. has one of the higher rates, but we also have one of the most robust economies.

Blaming Biden is strictly a partisan endeavor.

 

[anatta]

Inflation is global, and was inevitable after COVID. The U.S. has one of the higher rates, but we also have one of the most robust economies.

Blaming Biden is strictly a partisan endeavor.

"robust economy? we just dropped GDP
there are specifics in this article you can address or dance around i dont GAF

 

[ExpressLane]

Washington had already thrown a lot of money at the economy during the COVID-19 emergency, and, predictably, the emergency spending outlasted the emergency.

By the time Biden was elected in 2020, Washington had thrown $2.6 trillion in budgetary resources at COVID and had authorized as much as $4 trillion in subsidized federal lending. That was new money amounting to about a third of GDP sloshing around the economy.
Biden’s first priority was pushing out another $1 trillion in a phony infrastructure bill (that has little to do with actual infrastructure) and a $1.9 trillion stimulus bill, even though the Consumer Price Index was already rising steeply, according to the Federal Reserve.

Stimulating an already overstimulated economy is how you make inflation worse.

Our inflation problem is only partly an issue of dovish monetary policy and reckless spending. There are problems in the real-world physical economy, too, those “supply-chain issues” we hear about. The Biden administration has done extraordinarily dumb things to make these worse, too, keeping in place the worst of the Trump administration’s anti-trade policies. That “Made in the USA” talk sounds good on the stump, but the truth is we need a lot that we don’t make at home and aren’t going to — including much of the steel and other vital inputs for the high-value manufacturing we actually do here.

Biden has rejected obvious reforms such as waiving the Jones Act, which keeps goods — and fuel — from moving from one US port to another via ship. It has backed union efforts to prevent operators from improving the capacity and efficiency of our ports through automation, sacrificing that progress in favor of a make-work policy for the benefit of longshoremen. Nearly none of that “infrastructure” money has made its way to any project that would actually ease supply-chain issues.

Interfering with trade during a supply-chain crisis is how you make inflation worse.

The United States, Canada and Mexico together make up a formidable energy superpower. But it does not matter how much oil and gas you have if you cannot get it to refineries and then get the refined products to consumers. Biden killed the Keystone XL pipeline, and his EPA is standing on the neck of developing any new conventional energy infrastructure. As gasoline prices skyrocket, US refineries in the Gulf are sending much of their gasoline to Mexico to be sold, because there is no economic way to get it to the Northeast or the West Coast.

Biden is contemplating a trip to Saudi Arabia to beg OPEC to produce more oil —apparently, nobody has told him that Midland, Texas, is a hell of a lot closer.

Driving up energy prices for no good reason is how you make inflation worse.

Inflation is sometimes associated with a booming economy, but our economy shrank in the last quarter. Biden, who was in the Senate in the 1970s, is old enough to remember the word “stagflation,” which is what you get when you have a stagnant economy and inflation at the same time.

And it is what you get when you combine the wrong monetary policy with the wrong fiscal policy, the wrong trade policy, the wrong regulatory policy, and the wrong energy policy.

And that’s how you make inflation worse.
https://nypost.com/2022/05/14/inflation-proves-biden-has-done-everything-wrong-all-at-once/

Biden has only ever sucked off the governments tit. He doesn't have a clue about how to run the country and make an economy work.

 

[ExpressLane]

Inflation is global, and was inevitable after COVID. The U.S. has one of the higher rates, but we also have one of the most robust economies.

Blaming Biden is strictly a partisan endeavor.

And inflation is higher in American than it is in Europe. Since oil is bought with dollars inflation in the US effects inflation around the world.

 

[BartenderElite]

And inflation is higher in American than it is in Europe.

Marginally. But again - when you guys acknowledge that Europe and everyone else is experiencing high inflation, you're acknowledging that it's a global issue. And Economists predicted that as an effect of the pandemic.

So, it ain't Brandon. Sorry. I know that it's the right's m.o. to blame literally everything on him, but he's doing a good job bringing the economy back from the Trump crash.

 

[Lionfish]

https://nypost.com/2022/05/14/inflation-proves-biden-has-done-everything-wrong-all-at-once/

The Biden administration’s first response to any problem is to pretend that it isn’t a problem. That’s how inflation went from a minor problem to a major one. Unwilling to take the necessary steps to rein in inflation early — pushing the Fed to raise interest rates and slowing down the torrent of money going out the Treasury’s doors — Biden and congressional Democrats at first insisted that inflation wasn’t a real problem: “Transitory,” they called it.

And then when inflation turned out not to be transitory, they thought they could just pin it on the Russians. Jen Psaki sniffed smugly at the “Putin price hike,” as though Americans were too stupid to understand that inflation at home had started long before the Russian invasion of Ukraine. That gambit fizzled, too.

When you don’t have any fresh ideas or real principles — and when your long-term goals are limited by the fact that the president, who was born during the Roosevelt administration, isn’t exactly buying any green bananas — then the easiest thing to do is to throw money at every problem.

Throwing money at things is how you make inflation worse.

An excellent post. Brandon could not have possibly done this alone. Whoever is running him is intent on destroying America.
Mark this post,
The democrats will manufacturer a major event within five month of the midterms. Book it.

 

[Grokmaster]

Inflation is global, and was inevitable after COVID. The U.S. has one of the higher rates, but we also have one of the most robust economies.

Blaming Biden is strictly a partisan endeavor.

1st quarter 2022 growth - 1.4%.

Yeah...that's "booming".

Blaming Pres.Moron is belaboring the obvious.



More bad news for Biden: More Americans are blaming him for the state of the economy



A year ago, 54% of Americans said the economy was good. Just 45% said it was bad.
Today, 23% say it is good, and a super majority of 77% believe it is bad. You'd have to go back a little over 10 years to find as many Americans saying the economy was in as bad shape.
Another way to see this change in action is to look at our CNN poll from November, which had the economy as the top issue, but only 36% of Americans put it at the top of their list. Whenever you see an issue jump in importance by 14 points in a relatively short period of time, you know it's at the forefront of the American psyche.
But something else has also happened that speaks to the toxicity of the issue politically: the blame game.

~ But what's different today is that a clear majority (55%) of Americans, according to our latest poll, believe Biden's economic policies have worsened the shape of the economy.

~ Unfortunately for Biden and the Democrats, the problem is getting worse. In December, 45% believed Biden's policies had worsened things. You could imagine a universe in which that percentage was survivable politically. But when 50% think the economy is the top issue and 55% think your policies have made things worse, that's very difficult to overcome.
This shouldn't be a surprise. An ABC News/Washington Post poll released last weekend found that 50% of US adults said Republicans were better able to handle the economy. Thirty-six percent said the same about Democrats.

~ You'll notice that the 14-point edge for Republicans over Democrats on handling the economy is very similar to the 10-point gap between those who say Biden's policies have hurt the economy (55%) and those who say they have either improved it (19%) or had no effect (26%).

https://www.cnn.com/2022/05/05/politics/biden-economy-midterms-poll-blame/index.html

 

[Grokmaster]

https://nypost.com/2022/05/14/inflation-proves-biden-has-done-everything-wrong-all-at-once/

The Biden administration’s first response to any problem is to pretend that it isn’t a problem. That’s how inflation went from a minor problem to a major one. Unwilling to take the necessary steps to rein in inflation early — pushing the Fed to raise interest rates and slowing down the torrent of money going out the Treasury’s doors — Biden and congressional Democrats at first insisted that inflation wasn’t a real problem: “Transitory,” they called it.

And then when inflation turned out not to be transitory, they thought they could just pin it on the Russians. Jen Psaki sniffed smugly at the “Putin price hike,” as though Americans were too stupid to understand that inflation at home had started long before the Russian invasion of Ukraine. That gambit fizzled, too.

When you don’t have any fresh ideas or real principles — and when your long-term goals are limited by the fact that the president, who was born during the Roosevelt administration, isn’t exactly buying any green bananas — then the easiest thing to do is to throw money at every problem.

Throwing money at things is how you make inflation worse.

"Doing everything wrong all at once."


It's like Pres.Moron's Special Gift.

 

[Grokmaster]

More bad news for Biden: More Americans are blaming him for the state of the economy



A year ago, 54% of Americans said the economy was good. Just 45% said it was bad.
Today, 23% say it is good, and a super majority of 77% believe it is bad. You'd have to go back a little over 10 years to find as many Americans saying the economy was in as bad shape.
Another way to see this change in action is to look at our CNN poll from November, which had the economy as the top issue, but only 36% of Americans put it at the top of their list. Whenever you see an issue jump in importance by 14 points in a relatively short period of time, you know it's at the forefront of the American psyche.
But something else has also happened that speaks to the toxicity of the issue politically: the blame game.

~ But what's different today is that a clear majority (55%) of Americans, according to our latest poll, believe Biden's economic policies have worsened the shape of the economy.

~ Unfortunately for Biden and the Democrats, the problem is getting worse. In December, 45% believed Biden's policies had worsened things. You could imagine a universe in which that percentage was survivable politically. But when 50% think the economy is the top issue and 55% think your policies have made things worse, that's very difficult to overcome.
This shouldn't be a surprise. An ABC News/Washington Post poll released last weekend found that 50% of US adults said Republicans were better able to handle the economy. Thirty-six percent said the same about Democrats.

~ You'll notice that the 14-point edge for Republicans over Democrats on handling the economy is very similar to the 10-point gap between those who say Biden's policies have hurt the economy (55%) and those who say they have either improved it (19%) or had no effect (26%).

https://www.cnn.com/2022/05/05/politics/biden-economy-midterms-poll-blame/index.html

 

[Cypress]

The US has had among the lowest inflation rates of all the G20 countries, and inflation is down to five percent and has been dropping for ten months.

 

[Noking]

https://nypost.com/2022/05/14/inflation-proves-biden-has-done-everything-wrong-all-at-once/

The Biden administration’s first response to any problem is to pretend that it isn’t a problem. That’s how inflation went from a minor problem to a major one. Unwilling to take the necessary steps to rein in inflation early — pushing the Fed to raise interest rates and slowing down the torrent of money going out the Treasury’s doors — Biden and congressional Democrats at first insisted that inflation wasn’t a real problem: “Transitory,” they called it.

And then when inflation turned out not to be transitory, they thought they could just pin it on the Russians. Jen Psaki sniffed smugly at the “Putin price hike,” as though Americans were too stupid to understand that inflation at home had started long before the Russian invasion of Ukraine. That gambit fizzled, too.

When you don’t have any fresh ideas or real principles — and when your long-term goals are limited by the fact that the president, who was born during the Roosevelt administration, isn’t exactly buying any green bananas — then the easiest thing to do is to throw money at every problem.

Throwing money at things is how you make inflation worse.

Did you bother to look at the upper left corner of this article and see the word Opinion??????????????????????

 

[Noking]

The US has had among the lowest inflation rates of all the G20 countries, and inflation is down to five percent and has been dropping for ten months.

This is nothing more than a Biden bashing right wing OPINION article.

 

[SmarterthanYou]

Blaming Biden is strictly a partisan endeavor.

this is somewhat correct, but somewhat incorrect.

Congress has primary responsibility over the American economy but can be greatly influenced by bidens requests and/or executive policy management.