Can those on the left explain Bidens economic theory.

[ThunderKiss1965]

I'm no economist, but I would like to know how massive deficit spending will curtail inflation.

Biden insists massive government spending will tamp down inflation

President Biden said Monday that Congress needs to pass his sweeping economic agenda in order to tamp down rising inflation amid concerns that another burst of government spending will act as an accelerant to already rapidly rising consumer prices.

www.foxbusiness.com

 

[Synthaholic]

As soon as you explain Trump's.

 

[ThunderKiss1965]

As soon as you explain Trump's.

Trump spent like a drunken Democrat.

 

[TNHarley]

As soon as you explain Trump's.

Goddamn, the OP didnt even have time to breath after posting, before some binary dipshit deflects

 

[TNHarley]

Good gawd that senile perv is stooopid.

 

[Moonglow]

"Look, we brought this economy back from the brink. There are going to be ups and downs," he said. "Reality is you can't flip the global economic light back on and not expect this to happen. As demand returns, there's going to be global supply chain challenges."

Spot on old man.

 

[Votto]

I'm no economist, but I would like to know how massive deficit spending will curtail inflation.

Biden insists massive government spending will tamp down inflation

President Biden said Monday that Congress needs to pass his sweeping economic agenda in order to tamp down rising inflation amid concerns that another burst of government spending will act as an accelerant to already rapidly rising consumer prices.

www.foxbusiness.com

His economic theory is that massive spending does not cause massive inflation.

Too bad there is no historic examples of this.

 

[JackOfNoTrades]

Gonna have to address the inequities in the tax system if this much spending is to be undertaken. I agree it will help..but only if the present tax structure is addressed.

 

[TNHarley]

but only if the present tax structure is addressed.

Hope in one hand... well... you know the saying.

 

[TroglocratsRdumb]

Left Wing economics is based upon stealing

 

[Moonglow]

Left Wing economics is based upon stealing

Damn that George Washington!

 

[C_Clayton_Jones]

Can those on the left explain Bidens economic theory

lol

It’s not ‘Bidens.’

And you’re not going to get anything truthful or accurate from Fox.

 

[Dogmaphobe]

Biden's economic policy is as follows:

Give people free stuff.
Have them vote democrat as a result.
Sell Hunter's artworks for a million dollars each.


Hope that helps, kids.

 

[Moonglow]

Biden's economic policy is as follows:

Give people free stuff.
Have them vote democrat as a result.
Sell Hunter's artworks for a million dollars each.


Hope that helps, kids.

Sounds like the same old shit from the last president.

 

[ThunderKiss1965]

Spot on old man.

Massive spending and tax increases ain't going to do it.

 

[ThunderKiss1965]

lol

It’s not ‘Bidens.’

And you’re not going to get anything truthful or accurate from Fox.

So your saying Biden didn't state that Congress needed to pass his economic agenda in order to tamp down rising inflation ?

 

[ThunderKiss1965]

Gonna have to address the inequities in the tax system if this much spending is to be undertaken. I agree it will help..but only if the present tax structure is addressed.

You mean like the large percentage of people who pay no taxes ?

 

[Moonglow]

Massive spending and tax increases ain't going to do it.

You were ok with it when Trump and the GOP did it.

 

[Hum Dinger]

While I agree with Biden in that improved infrastructure will remove 'bottlenecks' in the economy - making a more efficient economy, I doubt that will do much for stopping inflation. It's not only government spending, but supply shortages that are causing inflation.

When working people have more money, businesses charge more for their goods and services. If working people are willing to pay (and much of the time they have no choice), then businesses will continue.

In our economy, all money trickles up to the wealthiest .01% anyway. Whether they choose to invest it in growth industries or tie it up in conservative non-growth investments is up to them - but that's what determines if we have a bust or boom economy. There's nothing to indicate that the wealthy are going to making risky investments at this time - we're in for a bust economy. Businesses are trying to make up for losses incurred during the pandemic.

Government spending - the creation of money - is just the authority to activate resources. The government is activating millions of people and other resources - hopefully stimulating the economy as a whole. This may encourage the wealthy to start investing in growth industries as well.

The only problem with this is that the wealthiest aren't taxed enough - if they were, the government would be able to balance its books. That really doesn't matter since we're the world's currency reserve. The government can create as much money as it wants.

Effectively, the government creates money, and the wealthy destroy money (by tying in up in non-growth investments).

The stock market is, except for IPO & newly issued stock, an economic circle jerk. People buy stock from other people, who 'invest it' by buying stock from other people, who 'invest' it by buying stock from other people, who 'invest it' by buying stock from other people, who 'invest' it by buying stock from other people...etc...etc...etc...

The stock market goes up, but the economy is a bust.

 

[TNHarley]

You were ok with it when Trump and the GOP did it.

Make shit up. As usual.

Trump spent like a drunken Democrat.