It's 100% Biden's Inflation
- Thread starter anatta
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Althea
Althea told me...
He's still reeling because Saudi Arabia caused him massive losses on his investments.
He got into the fracking industry too late, and lost everything. Like many did.
exactly,
You have no idea what reality is. You think those opportunities exist.
Taichiliberal
Shaken, not stirred!
THAT would explain a lot!
AProudLefty
The remora of JPP
When you change someone else's post you should put your edit in italics and bold. It the only HONEST thing to do.
There is nothing honest in your post.
gemini104104
Verified User
Biden shamefully lies to America when he tries to put the blame for his inflation crisis elsewhere. He had to gall to claim: “I’m sick of this stuff! The American people think the reason for inflation is the government spending more money. Simply. Not. True."
To prove just how dishonest Biden is, take a look at the trajectory inflation as measured by CPI, the Consumer Price Index.
eviewing the last five years of inflation makes it crystal clear that under President Trump, overall pricing pressures remained stable, low, and predictable -- even during the breakout Trump Boom economy into 2019, that American workers enjoyed pre-Covid.
As America emerged from the Spring 2020 lockdowns, pricing did not surge when Trump was still in office. Even as America aggressively re-opened, during the last 5 months of Trump’s term, inflation remained super low, beneath 1.4% in each of those months. But into the Spring of 2021, with Biden managing our economy, the pace of inflation rocketed higher, hitting an appalling 7.9% for the most recent data release.
https://stevecortes.substack.com/p/its-100-bidens-inflation?s=r
Excuse me economic ignoramus that is obviously uneducated to understand circumstances surrounding the matters of inflation. Therefore, consider the following details versus your apparent intellectual deficiency in terms of apparently not understanding the causes and effects of inflation, and to which no president has a certain amount of control over that. Also, your source is bs too:
Inflation is a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.
https://www.investopedia.com/ask/an...ate of rising prices,pay more for the product.
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danielpalos
Verified User
How is that Biden's fault? It is a world wide phenomena. Only right-wingers are that clueless and that Causeless regarding economics. Your guy only managed Continuing upward Trends not any upward trend His administration engineered.
Biden shamefully lies to America when he tries to put the blame for his inflation crisis elsewhere. He had to gall to claim: “I’m sick of this stuff! The American people think the reason for inflation is the government spending more money. Simply. Not. True."
To prove just how dishonest Biden is, take a look at the trajectory inflation as measured by CPI, the Consumer Price Index.
eviewing the last five years of inflation makes it crystal clear that under President Trump, overall pricing pressures remained stable, low, and predictable -- even during the breakout Trump Boom economy into 2019, that American workers enjoyed pre-Covid.
As America emerged from the Spring 2020 lockdowns, pricing did not surge when Trump was still in office. Even as America aggressively re-opened, during the last 5 months of Trump’s term, inflation remained super low, beneath 1.4% in each of those months. But into the Spring of 2021, with Biden managing our economy, the pace of inflation rocketed higher, hitting an appalling 7.9% for the most recent data release.
https://stevecortes.substack.com/p/its-100-bidens-inflation?s=r
The farmer bailout was $30B.
So you're -$3B short.
And those tariffs weren't paid by China, they were paid by AMERICAN importers, who passed the cost onto AMERICAN consumers.
So really, you're in the hole by almost $60B, because consumers and importers paid the $27B in tariffs, and taxpayers paid the $30B bailout.
China didn't pay a SINGLE YUAN IN TARIFFS.
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Do you know what that means, idiot?
It means China didn't pay a single penny for tariffs, IMPORTERS DID.
Who covered the remaining 10%?????
wilful stupidity
U.S. companies are bearing the brunt of Trump’s China tariffs
https://www.cnbc.com/2021/05/18/us-...runt-of-trumps-china-tariffs-says-moodys.html
U.S. importers absorbed more than 90% of additional costs resulting from the 20% U.S. tariff on Chinese goods, the ratings agency said in a report.
U.S. exporters also absorbed most of the costs from tariffs imposed by China, according to the report.
danielpalos
Verified User
Insist on better Capital solutions at lower Capital cost from the right-wing!
No, you're the one whining about how you can't afford to drive the gas guzzler you bought, stupidly thinking gas prices wouldn't increase ever.
You're bitching on a thread about the cost of fuel.
Then why are you complaining?
But not better for oil companies than $96/barrel, which is why they will never increase supply or "drill more" to lower the price.
You said you don't hate kids, yet you also said you hate the Democratic Party, which is the only party with policies that help kids.
You said on the other thread that you oppose the Democratic Party.
So if you oppose the Democratic Party, you also oppose their policies.
So you hate kids.
No, you just exposed yourself as a shameless hypocrite and liar.
EXACTLY!
US IMPORTERS PAID THE TARIFFS, NOT CHINA YOU FUCKING LIAR.
So not only did we pay $30B to bail out farmer trash, we also paid an additional $30B in tariffs FOR NO FUCKING REASON!
So because you're an economic illiterate, US taxpayers and consumers ended up paying $60B and got absolutely fucking nothing for it.
But just add it to the $8T of debt you and Trump racked up in just 4 years of incompetence and lies.
You have got to be the stupidest motherfucker on all of JPP because you just proved here that you don't know the first thing about tariffs!
Why wouldn't you want racist, Nazi-loving, Confederate-Flag waving, COVID-spreading, knuckle-dragging, Klan hooded insurrectionists to die immediately?
What, are they your friends and family or something?
Is that why you're so touchy and faking outrage about this?
Interested to know why you are so friendly with Nazis...?