Key inflation cause: Republican policy

[pknopp]

Alrighty then, though really, it's a bit a trickery on your part to ask since 1989, because before that doesn't serve you.

Since 89:
Democrat POTUS average 2.45% GDP growth and Republicans 1.31%.

Course Clinton had the benefit of lasting Reaganomics, a great new economy with Dot.com, and Chinese trade was greatly enhanced.

Xiden and Obama had benefit of prior recessions, and what's down must come up, right? All while Republican POTUS saw 9-11, dot.com crash, the housing crash, and let's not forget COVID of which the Democrats shut everything down.

But wait, let's look at a Republican majority in both houses to a Democrat majority. I anticipate your surprise.

Since 89:
Democrat majority average 1.42% GDP growth and Republicans 3.03% .

And without looking a Republican held Congress will blow Democrats out of the water. Especially since the 70s, no comparison.

Hollaback

GDP growth can be quite misleading as they include the money the government just prints, prints, prints. That's what has led to the current inflation issue.

 

[The5thHorseman]

Alrighty then, though really, it's a bit a trickery on your part to ask since 1989, because before that doesn't serve you.

Since 89:
Democrat POTUS average 2.45% GDP growth and Republicans 1.31%.

Course Clinton had the benefit of lasting Reaganomics, a great new economy with Dot.com, and Chinese trade was greatly enhanced.

Xiden and Obama had benefit of prior recessions, and what's down must come up, right? All while Republican POTUS saw 9-11, dot.com crash, the housing crash, and let's not forget COVID of which the Democrats shut everything down.

But wait, let's look at a Republican majority in both houses to a Democrat majority. I anticipate your surprise.

Since 89:
Democrat majority average 1.42% GDP growth and Republicans 3.03% .

And without looking a Republican held Congress will blow Democrats out of the water. Especially since the 70s, no comparison.

Hollaback

Alrighty then, though really, it's a bit a trickery on your part to ask since 1989, because before that doesn't serve you.

Since 89:
Democrat POTUS average 2.45% GDP growth and Republicans 1.31%.

Course Clinton had the benefit of lasting Reaganomics, a great new economy with Dot.com, and Chinese trade was greatly enhanced.

Xiden and Obama had benefit of prior recessions, and what's down must come up, right? All while Republican POTUS saw 9-11, dot.com crash, the housing crash, and let's not forget COVID of which the Democrats shut everything down.

But wait, let's look at a Republican majority in both houses to a Democrat majority. I anticipate your surprise.

Since 89:
Democrat majority average 1.42% GDP growth and Republicans 3.03% .

And without looking a Republican held Congress will blow Democrats out of the water. Especially since the 70s, no comparison.

Hollaback

to ask since 1989, because before that doesn't serve you.

Serves me fine...go back to 77, if you prefer.

But don't try to bluff.

You know how Homey feels about that.

Democrat POTUS average 2.45% GDP growth and Republicans 1.31%.

Your math (or methodology) isn't great, but you get the idea

Course Clinton had the benefit of lasting Reaganomics,

Which somehow, remarkably, eluded Ronnie's immediate successor.

Somehow the Myth persists in spite of this glaring inconsistency.

Xiden and Obama had benefit of prior recessions

Homey urges you to stop.

All while Republican POTUS saw 9-11

That was actually the problem....he chose to avert his eyes...

I anticipate your surprise.

No...it it the necessary consequence of leading Rubes to water....

The Redemption Narrative.

And without looking a Republican held Congress will blow Democrats out of the water. Especially since the 70s, no comparison.

If you insist...

But you completely overlooked Private Industry Payrolls...

All Employees, Total Private

 

[The5thHorseman]

GDP growth can be quite misleading as they include the money the government just prints, prints, prints. That's what has led to the current inflation issue.

No...it doesn't...

 

[citygator]

Neat story you like to repeat. History doesn't agree, but then you're a mouth with nothing behind it:

YR	POTUS	SEN	CON	UN-EMP	POV	Crime	GDP	Misery Ave.	30-yr Mort. Rate	INFLATION	Debt
75​	Ford	Dem	Dem	8.48​	12.3​	5.30%​	-0.21%​	15.10%​	9.05%​	9.14%​	533.2 B
76​	Ford	Dem	Dem	7.7​	11.8​	5.29%​	5.39%​	12.70%​	8.87%​	5.74%​	620.4 B
77​	Carter	Dem	Dem	7.05​	11.6​	5.08%​	4.62%​	13.10%​	8.85%​	6.50%​	699.8 B
78​	Carter	Dem	Dem	6.07​	11.4​	5.14%​	5.54%​	15.00%​	9.64%​	7.63%​	771.5 B
79​	Carter	Dem	Dem	5.85​	11.7​	5.57%​	3.17%​	19.30%​	11.20%​	11.25%​	826.5 B
80​	Carter	Dem	Dem	7.18​	13​	5.95%​	-0.26%​	19.70%​	13.74%​	13.55%​	907.7 B
81​	Reagan	Rep	Dem	7.62​	14​	5.86%​	2.54%​	12.19%​	16.63%​	10.33%​	997.9 B
82​	Reagan	Rep	Dem	9.71​	15​	5.60%​	-1.80%​	12.19%​	16.04%​	6.13%​	1.14 T
83​	Reagan	Rep	Dem	9.6​	15.2​	5.18%​	4.58%​	12.19%​	13.24%​	3.21%​	1.38 T
84​	Reagan	Rep	Dem	7.51​	14.4​	5.03%​	7.24%​	12.19%​	13.88%​	4.30%​	1.57 T
85​	Reagan	Rep	Dem	7.19​	14​	5.21%​	4.17%​	12.19%​	12.43%​	3.55%​	1.82 T
86​	Reagan	Rep	Dem	7​	13.6​	5.50%​	3.46%​	12.19%​	10.19%​	1.90%​	2.13 T
87​	Reagan	Dem	Dem	6.18​	13.4​	5.58%​	3.46%​	12.19%​	10.21%​	3.66%​	2.35 T
88​	Reagan	Dem	Dem	5.49​	13​	5.66%​	4.18%​	12.19%​	10.34%​	4.08%​	2.60 T
89​	Bush	Dem	Dem	5.26​	12.8​	5.74%​	3.68%​	10.68%​	10.32%​	4.83%​	2.86 T
90​	Bush	Dem	Dem	5.62​	13.5​	5.82%​	-1.79%​	10.68%​	10.13%​	5.40%​	3.23 T
91​	Bush	Dem	Dem	6.85​	14.2​	5.90%​	-1.99%​	10.68%​	9.25%​	4.24%​	3.67 T
92​	Bush	Dem	Dem	7.49​	14.8​	5.66%​	3.52%​	10.68%​	8.39%​	3.03%​	4.06 T
93​	Clinton	Dem	Dem	6.91​	15.1​	5.48%​	2.75%​	9.20%​	7.31%​	2.95%​	4.41 T
94​	Clinton	Dem	Dem	6.1​	14.5​	5.37%​	4.03%​	8.20%​	8.38%​	2.61%​	4.70 T
95​	Clinton	Rep	Rep	5.59​	13.8​	5.28%​	2.68%​	8.10%​	7.93%​	2.81%​	4.98 T
96​	Clinton	Rep	Rep	5.41​	13.7​	5.09%​	3.77%​	8.70%​	7.81%​	2.93%​	5.22 T
97​	Clinton	Rep	Rep	4.94​	13.3​	4.93%​	4.45%​	6.40%​	7.60%​	2.34%​	5.41 T
98​	Clinton	Rep	Rep	4.5​	12.7​	4.62%​	4.48%​	6.00%​	6.94%​	1.55%​	5.53 T
99​	Clinton	Rep	Rep	4.22​	11.9​	4.27%​	4.75%​	6.70%​	7.44%​	2.19%​	5.66 T
0​	Clinton	Rep	Rep	3.97​	11.3​	4.12%​	-0.63%​	7.30%​	8.05%​	3.38%​	5.67 T
1​	Bush	Dem	Rep	4.74​	11.7​	4.16%​	-3.13%​	7.30%​	6.97%​	2.83%​	5.80 T
2​	Bush	Dem	Rep	5.78​	12.1​	4.13%​	1.74%​	8.40%​	6.54%​	1.59%​	6.23 T
3​	Bush	Rep	Rep	5.99​	12.5​	4.07%​	2.86%​	7.60%​	5.83%​	2.27%​	6.78 T
4​	Bush	Rep	Rep	5.54​	12.7​	3.98%​	3.80%​	8.70%​	5.84%​	2.68%​	7.38 T
5​	Bush	Rep	Rep	5.08​	12.6​	3.90%​	3.51%​	8.30%​	5.87%​	3.39%​	7.93 T
6​	Bush	Rep	Rep	4.61​	12.3​	3.81%​	2.86%​	6.90%​	6.41%​	3.23%​	8.50 T
7​	Bush	Dem	Dem	4.62​	12.5​	3.73%​	1.88%​	9.10%​	6.34%​	2.85%​	9.07 T
8​	Bush	Dem	Dem	5.8​	13.2​	3.67%​	-0.14%​	7.40%​	6.03%​	3.84%​	10.02 T
9​	Obama	Dem	Dem	9.28​	14.3​	3.51%​	-2.54%​	12.60%​	5.04%​	-0.36%​	11.90 T
10​	Obama	Dem	Dem	9.61​	15.1​	3.35%​	2.56%​	10.80%​	4.69%​	1.64%​	13.56 T
11​	Obama	Dem	Rep	8.93​	15​	3.29%​	1.55%​	11.50%​	4.45%​	3.16%​	14.79 T
12​	Obama	Dem	Rep	8.08​	15​	3.26%​	2.25%​	9.60%​	3.66%​	2.07%​	16.06 T
13​	Obama	Dem	Rep	7.36​	14.8​	3.11%​	1.84%​	8.20%​	3.98%​	1.46%​	16.74 T
14​	Obama	Dem	Rep	6.16​	14.8​	2.95%​	2.53%​	6.40%​	4.17%​	1.62%​	17.82 T
15​	Obama	Rep	Rep	5.28​	13.5​	2.89%​	2.91%​	5.70%​	3.85%​	0.12%​	18.15 T
16​	Obama	Rep	Rep	4.88​	12.7​	2.85%​	1.64%​	6.80%​	3.65%​	1.26%​	19.57 T
17​	Trump	Rep	Rep	4.35​	12.3​	2.76%​	2.37%​	6.30%​	3.99%​	2.13%​	20.24 T
18​	Trump	Rep	Rep	3.89​	11.8​	2.59%​	2.93%​	5.80%​	4.54%​	2.44%​	21.52 T
19​	Trump	Rep	Dem	3.68​	10.5​	2.49%​	2.16%​	5.80%​	3.94%​	1.81%​	22.71 T
20​	Trump	Rep	Dem	6.7​	11.7​	4.70%​	-3.30%​	6.6​	3.11%​	1.25%​	26.95 T
21​	Xiden	Dem	Dem	3.9​	Pend.	Pend.	5.70%​	10.94​	3.67%​	7.00%​	30T
22​	Xiden	Dem	Dem	3.7​	Pend.	Pend.	-0.60%​	12.66​	7.00%​	14.50%​	31.2T

I see your misery index going down under dems and spiking under republicans. Thanks to Bush and Trump.

 

[citygator]

GDP growth can be quite misleading as they include the money the government just prints, prints, prints. That's what has led to the current inflation issue.

GDP includes what the government spends to be clear. That hasnt been a cause of inflation. Its all supply side driven from not enough supply created while people were disrupted with covid impacts.

 

[pknopp]

No...it doesn't...

Low rates make money cheap and allow companies to easily borrow funds and expand their activities, thus increasing investment and GDP.

Without the Trillions and trillions of cheap dollars, what would our GDP have been?

Effectiveness of Quantitative Easing for Various Groups of Countries

 

[pknopp]

GDP includes what the government spends to be clear. That hasnt been a cause of inflation. Its all supply side driven from not enough supply created while people were disrupted with covid impacts.

Right, creating trillions in cheap dollars isn't going to cause inflation. (sarcasm) This was all noted LONG before anyone had a clue about Covid.

I mean after all, a dollar would buy the same in 2018 as it did in 1968, right?

 

[Redfish]

And the supply never changed and the actual real demand didn't change.

what changed was the market's belief about future supplies being reduced by Biden's actions. Current oil prices are based on what the market thinks future prices will be. I know you don't understand this, so rather than continue making a fool of yourself on this topic it might be best if you STFU on it.

 

[Redfish]

How did that affect price of food in Germany?

oil is an international commodity. A future limited supply from the US affects prices everywhere.

 

[pknopp]

what changed was the market's belief about future supplies being reduced by Biden's actions. Current oil prices are based on what the market thinks future prices will be. I know you don't understand this, so rather than continue making a fool of yourself on this topic it might be best if you STFU on it.

People who have no desire to actually own a single drop of oil using any old excuse they can come up with to run the prices up.

We need to quit allowing them to do this. I know we won't which is why I support it all falling apart.

 

[Redfish]

People who have no desire to actually own a single drop of oil using any old excuse they can come up with to run the prices up.

We need to quit allowing them to do this. I know we won't which is why I support it all falling apart.

how do you propose to stop market speculation? So you want the country to collapse? Then what?

 

[pknopp]

how do you propose to stop market speculation? So you want the country to collapse? Then what?

Once upon a time the only people in the market were those actually taking control of the oil. Oil remained relatively stable for a long time. We allowed Hedge Funds and just anyone into the markets and it's been a mess ever since.

Hence, I'd go back to the way it was. If you purchase 10,000 barrels of oil, you better have a place to store it.

 

[The5thHorseman]

Low rates make money cheap and allow companies to easily borrow funds and expand their activities, thus increasing investment and GDP.

Without the Trillions and trillions of cheap dollars, what would our GDP have been?

Effectiveness of Quantitative Easing for Various Groups of Countries

This is a different version of your argument. GDP measures output and consumption, not "money".

 

[The5thHorseman]

what changed was the market's belief about future supplies being reduced by Biden's actions. Current oil prices are based on what the market thinks future prices will be. I know you don't understand this, so rather than continue making a fool of yourself on this topic it might be best if you STFU on it.

what changed was the market's belief about future supplies being reduced by Biden's actions

This is nonsense.

 

[pknopp]

This is a different version of your argument. GDP measures output and consumption, not "money".

Without the trillions pumped, what would our GDP have been?

 

[pknopp]

This is nonsense.

They did use his hollow words as an excuse to raise prices. They knew they were hollow but any old excuse will do.

 

[Redfish]

Once upon a time the only people in the market were those actually taking control of the oil. Oil remained relatively stable for a long time. We allowed Hedge Funds and just anyone into the markets and it's been a mess ever since.

Hence, I'd go back to the way it was. If you purchase 10,000 barrels of oil, you better have a place to store it.

Which members of congress will put that in a bill? how many will vote for it? which president will sign it? The problem is that they are all in on the scam, and we are the victims of their greed. This country is in deep trouble. I don't see the way back to sanity, but it may take an armed conflict, secession, or revolution in some form to get it back to 'of the people, for the people, and by the people'

 

[Redfish]

This is nonsense.

you have no idea how the international oil market works. that is quite obvious.

 

[Nostra]

I see your misery index going down under dems and spiking under republicans. Thanks to Bush and Trump.

Holy shit, Fella. Can you really not read that post?

You must be looking in the wrong column.

 

[Nostra]

GDP includes what the government spends to be clear. That hasnt been a cause of inflation. Its all supply side driven from not enough supply created while people were disrupted with covid impacts.

That hasnt been a cause of inflation

Govt spending doesn't cause inflation?

Every economist who isn't a complete moron disagrees with you.