If "price gouging" is happening, why didn't Biden & Harris stop it? (Poll)

[Superbadbrutha]

How did you get that from what he wrote?

Are you Man with a Plan?

 

[j-mac]

Are you Man with a Plan?

I’m not even sure WTH you’re talking about here?

It was a simple question…

 

[struth]

So you are telling me that the day Biden was sworn in inflation just went through the roof. How long does it take inflation to set in?

No not the day he went in. It took some time for harris and the demafasict polices to take hold.

 

[Superbadbrutha]

Huh? I didn’t nominate her…what a weird thing to sa

Inflation went through the roof because Biden pushed through two massive government stimulus packages right as the US was coming out of the Covid shutdowns. He was warned by Larry Summers that doing so ran the risk of being highly inflationary but he ignored those warnings. Then to make matters worse his administration failed to take steps against serious supply chain issues. Too much money chasing too few goods means inflation going "through the roof"!

• Inflation in March was 8.5%, a 40-year high. The $1.9 trillion American Rescue Plan helped fuel about half or less of the increase, analysts say.
• Other causes of inflation include COVID-19’s impact on labor markets and supply chains. Higher energy prices also would have triggered high inflation even without the American Rescue Plan.

 

[Superbadbrutha]

I’m not even sure WTH you’re talking about here?

It was a simple question…

Could that be because I was talking to you?

 

[struth]

• Inflation in March was 8.5%, a 40-year high. The $1.9 trillion American Rescue Plan helped fuel about half or less of the increase, analysts say.
• Other causes of inflation include COVID-19’s impact on labor markets and supply chains. Higher energy prices also would have triggered high inflation even without the American Rescue Plan.

Oh it went much higher then 8.5 percent under harris and xiden

 

[Superbadbrutha]

As for how long it takes for inflation to set in? Not that long actually. What you need to know is that once it does...prices almost never go back to where they were. The 20% price increases that Joe Biden saddled the American people with are going to be almost impossible to reverse.

Policymakers generally consider average inflation over longer periods of time, ranging from a few months to a year or longer1. When the Federal Reserve raises interest rates to control inflation, it can take anywhere from nine months to two years for the impact to be felt2.

 

[Superbadbrutha]

Oh it went much higher then 8.5 percent under harris and xiden

What was the main cause of the high inflation that we are experiencing?

 

[GMCGeneral]

Biden and Harris were successful in stopping price gouging for Insulin and other major drugs

Harris wants to apply those tools to other areas

And cut off supplies, dumb shit. Look forward to Soviet breadlines.

 

[Man With A Plan]

• Inflation in March was 8.5%, a 40-year high. The $1.9 trillion American Rescue Plan helped fuel about half or less of the increase, analysts say.
• Other causes of inflation include COVID-19’s impact on labor markets and supply chains. Higher energy prices also would have triggered high inflation even without the American Rescue Plan.

Inflation was at 1.4% when Biden took office. His fiscal policies took that to 9% in about a year and a half. Those two huge government stimulus plans injected almost two trillion dollars into an economy that was poised to come back with pent up demand from consumers who weren't able to spend money during the shut downs. Then you had the Biden administration dropping the ball on supply chain issues...making the problem even worse.

 

[j-mac]

Could that be because I was talking to you?

It’s an open forum dummy, learn how that works before you look even dumber…

Now, would you care to act like a rational person and answer my simple question?

 

[Man With A Plan]

What was the main cause of the high inflation that we are experiencing?

Inflation is caused by too much money chasing too few goods. Didn't you take Macro Economics?

 

[struth]

What was the main cause of the high inflation that we are experiencing?

Harris, xiden and the horrible demafasict policies

 

[Superbadbrutha]

It’s an open forum dummy, learn how that works before you look even dumber…

Now, would you care to act like a rational person and answer my simple question?

Well dumbass be up on the conversation before you start answering about me talking to you. I was answering another poster, not your dumbass.

 

[Superbadbrutha]

Harris, xiden and the horrible demafasict policies

Which policies?

 

[j-mac]

Well dumbass be up on the conversation before you start answering about me talking to you. I was answering another poster, not your dumbass.

Again, open forum…You want a private conversation, then PM the guy…otherwise, admit you were caught lying about what he said.