+DieChecker Posted April 17 #6226 Share Posted April 17 21 hours ago, godnodog said: I'm curious exactly how did the Gov soured up inflation? https://thehill.com/opinion/finance/3697972-how-responsible-is-biden-for-high-inflation/ Quote The main area where Biden has faced criticism relates to outsized government spending. The $2 trillion American Rescue Plan, in particular, has come under scrutiny by economists for contributing to the surge in inflation. Quote As reported by David J. Lynch of The Washington Post, several economic studies conclude that as much as 3-4 percentage points of the recent increase in inflation is attributable to the legislation. The fact it helped a great number of people doesnt dismiss that it also spurred inflation. Adding on top of the already existing supply chain issues, which also was a major cause of inflation. 1 Link to comment Share on other sites More sharing options...
Tatetopa Posted April 17 #6227 Share Posted April 17 19 minutes ago, DieChecker said: https://thehill.com/opinion/finance/3697972-how-responsible-is-biden-for-high-inflation/ The fact it helped a great number of people doesnt dismiss that it also spurred inflation. Adding on top of the already existing supply chain issues, which also was a major cause of inflation. Just think how low inflation would be if we were a nation of 300 million impoverished serfs ruled by a million elites. 2 Link to comment Share on other sites More sharing options...
+DieChecker Posted April 17 #6228 Share Posted April 17 19 minutes ago, Tatetopa said: Just think how low inflation would be if we were a nation of 300 million impoverished serfs ruled by a million elites. Its fine to be snarky. But doesnt change facts. I said the legislation helped a ton of people, but it did have an effect on inflation. And its beyond doubt Biden wanted, and signed, those laws. 1 Link to comment Share on other sites More sharing options...
godnodog Posted April 17 #6229 Share Posted April 17 5 hours ago, DieChecker said: https://thehill.com/opinion/finance/3697972-how-responsible-is-biden-for-high-inflation/ The fact it helped a great number of people doesnt dismiss that it also spurred inflation. Adding on top of the already existing supply chain issues, which also was a major cause of inflation. thanks for the article, but ita an opinion article, but it does rises some points, but overall I wouldn't not agree with it. the big problem os that it certainly does not explain the inflation or perhaps the jornalist also blames the US adm for the inflation outside the US, Biden adm certainly is not responsible for inflation, for example, in Europe or South America. There was shortages worldwide which on their own naturally raises prices, then and IMO a considerable part, though not the biggest was/is proce speculation. 1 Link to comment Share on other sites More sharing options...
superman73 Posted April 17 #6230 Share Posted April 17 4 hours ago, DieChecker said: Its fine to be snarky. But doesnt change facts. I said the legislation helped a ton of people, but it did have an effect on inflation. And its beyond doubt Biden wanted, and signed, those laws. Inflation is a buzzword used to justify raising the cost of living on everyone! If Inflation is inevitable, why don't are wages go up with it? If we lived in a true free market system,the Consumer would dictate the Market. 2 Link to comment Share on other sites More sharing options...
+DieChecker Posted April 18 #6231 Share Posted April 18 12 hours ago, superman73 said: Inflation is a buzzword used to justify raising the cost of living on everyone! If Inflation is inevitable, why don't are wages go up with it? If we lived in a true free market system,the Consumer would dictate the Market. If we lived in a true Consumer society, government would have to spend nearly zero, as the people would buy and sell everything. The. Government buying, or selling, means they can affect prices. Buying, they can pay more, and thus drive up prices. Selling they can take loses, and thus drive down prices. This is what Biden did by emptying out the national oil reserves, to lower gas prices. Inflation is a result of too kuch money in the system, and thus people can pay more. Which drives up prices. This is economics 101. California set the fast food minimum wage from $16 to $20. And prices went up on the menus the next day by 5% to 10%. Its beyond doubt Biden's administration, and the laws he signed, drove up prices well over 10% in two years. Directly responsible. 2 Link to comment Share on other sites More sharing options...
+DieChecker Posted April 18 #6232 Share Posted April 18 12 hours ago, godnodog said: thanks for the article, but ita an opinion article, but it does rises some points, but overall I wouldn't not agree with it. the big problem os that it certainly does not explain the inflation or perhaps the jornalist also blames the US adm for the inflation outside the US, Biden adm certainly is not responsible for inflation, for example, in Europe or South America. There was shortages worldwide which on their own naturally raises prices, then and IMO a considerable part, though not the biggest was/is proce speculation. Well, I didnt say Biden caused all the Inflation. I stated that supply chains were another big part. But economists agree he made it worse. Canada was always 1.5% points lower than the US. Though most of Europe got just about high as the US, France and Switzerland, both remained relatively much lower. Politics played a big part into how high the inflation went. https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD/VEN/ESP/DZA/EGY/LBY/CAN/USA/GBR/SWE/FRA/DEU/POL 3 Link to comment Share on other sites More sharing options...
CrimsonKing Posted April 18 #6233 Share Posted April 18 9 hours ago, DieChecker said: Well, I didnt say Biden caused all the Inflation. I stated that supply chains were another big part. But economists agree he made it worse. Canada was always 1.5% points lower than the US. Though most of Europe got just about high as the US, France and Switzerland, both remained relatively much lower. Politics played a big part into how high the inflation went. https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD/VEN/ESP/DZA/EGY/LBY/CAN/USA/GBR/SWE/FRA/DEU/POL Cut the man some slack... For God's sake his grandpappy was eaten by cannibals! 🤣 It's just gonna get so much better/worse for the rest of the year... Between him and Trump 🚮 😆 3 Link to comment Share on other sites More sharing options...
Michelle Posted April 18 #6234 Share Posted April 18 9 minutes ago, CrimsonKing said: For God's sake his grandpappy was eaten by cannibals! 🤣 I thought it was his uncle. Anyway, by the time the election rolls around it will probably have been both of them. 😄 1 2 Link to comment Share on other sites More sharing options...
CrimsonKing Posted April 18 #6235 Share Posted April 18 1 hour ago, Michelle said: I thought it was his uncle. Anyway, by the time the election rolls around it will probably have been both of them. 😄 Quite right,his uncle...as you said though 😆 The White House made an official statement earlier that his uncle was not eaten by cannibals...he told this same story twice in one day. Covfefe! 😆 1 3 Link to comment Share on other sites More sharing options...
ChrLzs Posted April 19 #6236 Share Posted April 19 Those people are vying for the presidency of the USA. And these people are each likely to be voting for one of them.. Says it all, really. 2 1 Link to comment Share on other sites More sharing options...
the13bats Posted April 19 #6237 Share Posted April 19 2 hours ago, CrimsonKing said: Quite right,his uncle...as you said though 😆 The White House made an official statement earlier that his uncle was not eaten by cannibals...he told this same story twice in one day. Covfefe! 😆 Perhaps he heard that tale of the rockafellow son who likely was a victim in PNG and he found the tale so cool he made it his own 2 Link to comment Share on other sites More sharing options...
acidhead Posted Monday at 10:33 PM #6238 Share Posted Monday at 10:33 PM "I am your father" 🤣 1 1 Link to comment Share on other sites More sharing options...
psyche101 Posted Tuesday at 03:18 AM #6239 Share Posted Tuesday at 03:18 AM 4 hours ago, acidhead said: "I am your father" 🤣 I've often said you guys should get Luke Skywalker to run. Missed opportunities. You watch. In a decade people will be lamenting the missed opportunity to draft Taylor Swift for president. 1 1 Link to comment Share on other sites More sharing options...
acidhead Posted Tuesday at 05:12 AM #6240 Share Posted Tuesday at 05:12 AM 1 hour ago, psyche101 said: I've often said you guys should get Luke Skywalker to run. Missed opportunities. You watch. In a decade people will be lamenting the missed opportunity to draft Taylor Swift for president. There's nothing I can do about it. Joe Biden is not my President! 😁 2 Link to comment Share on other sites More sharing options...
psyche101 Posted Tuesday at 07:39 AM #6241 Share Posted Tuesday at 07:39 AM 2 hours ago, acidhead said: There's nothing I can do about it. Joe Biden is not my President! 😁 Taylor Swift is the answer to Americas problems. She could run Canada at the same time. No sweat. 1 1 Link to comment Share on other sites More sharing options...
psyche101 Posted Tuesday at 08:47 AM #6242 Share Posted Tuesday at 08:47 AM And everyone would want to move to Canada. Place would be standing room only. President Swift just sounds awesome. What a great name. People have won for less. 2 Link to comment Share on other sites More sharing options...
Antigonos Posted Tuesday at 05:39 PM #6243 Share Posted Tuesday at 05:39 PM On 4/17/2024 at 1:29 PM, Tatetopa said: Just think how low inflation would be if we were a nation of 300 million impoverished serfs ruled by a million elites. Like old Imperial Russia. 1 Link to comment Share on other sites More sharing options...
Tatetopa Posted Tuesday at 08:56 PM #6244 Share Posted Tuesday at 08:56 PM 3 hours ago, Antigonos said: Like old Imperial Russia. Seems to be what Putin desires for Russia, and maybe what MAGA wants for the US. 2 Link to comment Share on other sites More sharing options...
Zebra3 Posted 14 hours ago #6245 Share Posted 14 hours ago 3 Link to comment Share on other sites More sharing options...
acidhead Posted 10 hours ago #6246 Share Posted 10 hours ago Biden: "Four more years. Pause." Please tell me he's doing this on purpose. Cause, if he is than he should play himself on SNL. 🤣 3 Link to comment Share on other sites More sharing options...
Zebra3 Posted 10 hours ago #6247 Share Posted 10 hours ago Sharing their culture with us. How progressive. Migrants swing bats, belts and even traffic cones at each other in wild brawl outside NYC hotel Link to comment Share on other sites More sharing options...
+DieChecker Posted 4 hours ago #6248 Share Posted 4 hours ago 5 hours ago, acidhead said: Biden: "Four more years. Pause." Please tell me he's doing this on purpose. Cause, if he is than he should play himself on SNL. 🤣 He's comedy gold. Old SNL would have just ruined this poor old man. Pause.... 1 Link to comment Share on other sites More sharing options...
+DieChecker Posted 4 hours ago #6249 Share Posted 4 hours ago https://www.foxnews.com/media/biden-mocked-admitting-cant-trusted-latest-gaffe-agreed-joe Quote However, during his comments, Biden made what many considered to be an embarrassing mistake. "I don’t know why we’re surprised by Trump. How many times does he have to prove we can't be trusted?" Biden said. Freudian slip? "We cant be trusted... Pause...". 😆 Link to comment Share on other sites More sharing options...
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