Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help

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BidenPresident

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But while Republicans insist they will be better stewards of the economy, few economists on either end of the ideological spectrum expect the party’s proposals to meaningfully reduce inflation in the short term. Instead, many say some of what Republicans are proposing — including tax cuts for high earners and businesses — could actually make price pressures worse by pumping more money into the economy.

“It is unlikely that any of the policies proposed by Republicans would meaningfully reduce inflation in 2023, when rapidly rising prices will still be a major problem for the economy and for consumers,” said Michael R. Strain, an economist at the conservative American Enterprise Institute.

https://www.nytimes.com/2022/10/26/us/politics/midterms-gop-republican-inflation-plans.html
 
Congress cannot reduce inflation but it can absolutely make it worse.

Donkeys have demonstrated they will spend spend spend utterly heedless of the economic pain it causes Americans.
 
I find it amusing when Trumpublicans complain about debt when a Democrat is in office, but remained silent when Trump or other Republicans spend, spend, spend.

[FONT=&quot]“In nominal dollars, since World War II, just over 60% of the growth in the debt took place under Republican presidents, and about 40% under Democratic presidents.”

[/FONT]https://www.statesman.com/story/news/politics/2021/09/28/fact-check-democrats-blame-expanding-

national-debt/5891161001/

https://www.politifact.com/factchec...ican-presidents-democrats-contribute-deficit/
 
Celticguy said:
Congress cannot reduce inflation but it can absolutely make it worse.

Donkeys have demonstrated they will spend spend spend utterly heedless of the economic pain it causes Americans.
Click to expand...



Dear fucking idiot


Trump and brush both ballooned the deficit



How fucking stupid are you?



Fuck you very much
 
Celticguy said:
based on your painfully silly responses all over this board its quite clear you are the stupid one
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You are avoiding the cold hard facts



Republicans have no way to reduce inflation


And your party always increase the debt when in office


Calling me lame names does not change those facts
 
"Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s got it back to a trillion."
 
evince said:
You are avoiding the cold hard facts



Republicans have no way to reduce inflation


And your party always increase the debt when in office


Calling me lame names does not change those facts
Click to expand...

you are avoiding the obvious, democrats have no way to reduce inflation either.

the best any pol can do is quit spending money we dont have.
 
evince said:
"Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s got it back to a trillion."
Click to expand...

Democrats always are better with economics

Republicans just lie and say it’s them
 
Though the latest U.S. inflation report didn’t break records like the month prior, it’s clear that high prices are sticking around for a while. The Consumer Price Index (CPI), which measures price changes and is a key indicator of inflation, showed that in July, prices were 8.5% higher than they were twelve months ago.

Americans are feeling the pinch as soon as they wake up. Everything from food to gas prices has increased in cost.

But they aren’t the only ones hurt by high prices. Inflation is impacting countries around the globe, illustrating how connected we are—and how high prices have wide-ranging effects.

From your own link
 
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