bendog
Diamond Member
Believe it or not Carter, Clinton and Obama cut taxes. The latter two on workers.
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Republicans Have No Plan to Fix Inflation
- Thread starter IM2
- Start date
- Mar 11, 2015
- 83,997
- 50,841
- 2,645
- Thread starter
- #102
This is a fair assessment.I'm really not sure who you and IM2 are talking about. Imo Trump's fiscal and for policy was .. bad. The econ was propped up by deficit causing tax cuts that largely benefitted those with the most, and he wanted out of Aghan and Syria, accomplished neither, and got us in a Saudi/Iran proxy war killing thousands of children.
The dems last covid relief bill was a mistake (although my wife's job got disapperated and I appreciate the money in our savings, and I'd really appreciate it if he kept his pledge to wipe out 10K of my kid's college debt). But like I posted, I got no problem with his getting the vaccines and covid testing out, and we didn't have to pay for the tests or the covid treatment my wife got. I got no problem with getting out of Afghan, and 13 dead was not as bad as the Russians or Brits left with. And Imo, Biden was uniquely familiar with Russia and for affairs, and he predicted Putin's actions when other countries didn't see it coming.
Nixon screwed it up worse than anybody, and W not only took a stable for policy and set us up for perpetual war and deficits but also literally crashed an econ by creating a bubble market. But aside from those to clusterfks, the other potuses pretty much inherited the issues they faced
- Banned
- #103
We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.
I say they have no plan because spending by trump contributed to the inflation.
Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats
As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...www.cnn.com
And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.
The filthy Democrats create massive inflation and now the turkeys are bitching because nobody else can fix it.
We had Carter's massive inflation and Ronald Reagan fixed it.
The best start to getting rid of this massive inflation is to get rid of the Democrats and hopefully we will do it in the midterms. Those destructive bastards have to go.
- Mar 11, 2015
- 83,997
- 50,841
- 2,645
- Thread starter
- #104
No, trump doesn't know how to fix it. What he knows is that he can tell you he knows how to fix it and you will believe him. In 4 years he set record deficits.Trump knows how to fix it.... So do the republicans and the dems but they don't want it fixed....
- Jan 19, 2010
- 70,430
- 66,008
- 3,605
Liar...... even with covid under Trump the economy was better than today... People are suffering to feed their families dummy....No, trump doesn't know how to fix it. What he knows is that he can tell you he knows how to fix it and you will believe him. In 4 years he set record deficits.
You are being conned by the DC cabal of crooked establishment politicians and their media friends.....
sartre play
Gold Member
- May 4, 2015
- 10,299
- 3,248
- 210
Well check it out, Its a fact that an amount of pork ( is used to keep there jobs) PLEASE note that pretty much anything that supports 80% of the population is blocked or reduced by Mitch & CREW & anything that supports adding money to the party or them self's personally is a yes vote. Both sides of the isle are owned by those who donate large money, and it sure is not us. If going by what is posted on this site most support the big money people running everything.Um, Dimtards run the House, the Senate, and YOUR Vegetable Messiah is in the White House.
WTF have they done? Oh yeah, fucked up the economy so bad we have record inflation and gas prices.
LordBrownTrout
Diamond Member
Companies use inflation to hike prices and generate huge profits, report says
The top 10 retailers have raked in $99 billion of profit last year, according to one corporate accountability group.www.cbsnews.com
24 million? Lol. The federal govt shut down small business and allowed a 3 trillion dollar transfer to big box stores in 2020. You were good with that.
To balance the budget today major pain would be needed. Real cuts in government programs as more and more are going on it costing more than the real GDP is increasing. Inflation is a way to do that but it is massively uneven.No, trump doesn't know how to fix it. What he knows is that he can tell you he knows how to fix it and you will believe him. In 4 years he set record deficits.
Flopper
Diamond Member
It is the federal reserve's responsibility to control inflation, not the administration. Anything that reduces demand or increases supply will theatrically impact inflation. However, there is no way to determine exactly what that impact might be. The surest way to curb inflation is to do nothing. Once prices become high enough, demand will fall and thus prices. It is likely that has already started with retail sales. Large retailers such Walmart and Target report that although revenues are increasing customer are buying less; that is increased revenue is due to inflated prices not more buying. This is likely to increase throughout the year until prices start falling. The Fed tightening is starting to be felt in housing market. The fed is projecting inflation will be down to 4.3% by the end of the year. The last thing the economy needs is drastic actions on the part of the administration to increase supply or cut demand as that could push the country into a major recession. The goal of the fed is have a soft landing for the economy with inflation gradually decreasing over a year or so.We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.
I say they have no plan because spending by trump contributed to the inflation.
Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats
As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...
And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.
Last edited:
kyzr
Diamond Member
Its not that complicated:You think we can drill out of this, meister? Got links?
1. Trump had US oil pruduction at 13m bpd, and had energy independence
2. Xiden and his war on energy has the US stuck below 11m bpd
13-11=2 million bpd we need to BUY from someone. DUH.
ConserveGuy
Platinum Member
- Jul 19, 2015
- 764
- 835
- 918
There was no inflation like this under President Trump. Proof is in the pudding and the people know it. It's about trying to survive this Biden Depression.
ConserveGuy
Platinum Member
- Jul 19, 2015
- 764
- 835
- 918
Want to know how your post is moot and doesn't make sense?We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.
I say they have no plan because spending by trump contributed to the inflation.
Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats
As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...
And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.
This photo was taken 2018.
Flopper
Diamond Member
In the US, you can not drill your way out of high oil prices because oil is sold on a global market. Whoever pays the highest prices gets the oil. Increasing US production can certainly help moderate increasing world oil prices but it can't stop it. With Europe vowing to rid themselves of the dependence on Russian oil by the end of the year, prices are going to rise shapely. With OPEC tightly controlling oil production, we simply can not supply the world's need for oil. If we tried we would be stuck with a glut of oil in few years when Russian oil is flowing and OPEC is of a mind to increase production. This is why the demand for US government leases has fallen off. From the time a lease is granted to the time the oil is frowning to the refineries can take one to two years or longer.Its not that complicated:
1. Trump had US oil pruduction at 13m bpd, and had energy independence
2. Xiden and his war on energy has the US stuck below 11m bpd
13-11=2 million bpd we need to BUY from someone. DUH.
About 94% of oil and 92% of all gas comes from private lands. Just because the government owes vast amounts of land does not mean it is all suitable for mineral extraction. In fact most of it is not.
Last edited:
Nostra
Diamond Member
- Oct 7, 2019
- 66,250
- 57,034
- 3,615
Kalifornia prices under Veggie Joe......Want to know how your post is moot and doesn't make sense?
View attachment 652860
This photo was taken 2018.
- Sep 16, 2012
- 59,724
- 53,639
- 3,605
You commie assholes caused it, now republicans are supposed to fix it?
Yeah, go eat a bag of dicks.
MarathonMike
Diamond Member
OMG that is hilarious. Biden comes in and blows everything up and IM2 says "The GOP has no plan to fix Biden's FUKUPS!!!We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.
I say they have no plan because spending by trump contributed to the inflation.
Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats
As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...
And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.
kyzr
Diamond Member
You keep trying to tap dance around the LAW of "supply and demand".In the US, you can not drill your way out of high oil prices because oil is sold on a global market. Whoever pays the highest prices gets the oil. Increasing US production can certainly help moderate increasing world oil prices but it can't stop it. With Europe vowing to rid themselves of the dependence on Russian oil by the end of the year, prices are going to rise shapely. With OPEC tightly controlling oil production, we simply can not supply the world's need for oil. If we tried we would be stuck with a glut of oil in few years when Russian oil is flowing and OPEC is of a mind to increase production. This is why the demand for US government leases has fallen off. From the time a lease is granted to the time the oil is frowning to the refineries can take one to two years or longer.
About 94% of oil and 92% of all gas comes from private lands. Just because the government owes vast amounts of land does not mean it is all suitable for mineral extraction. In fact most of it is not.
If the KeystoneXL pipeline was flowing that would ADD 500,000 bpd of oil to the global supply.
If Xiden's "war on energy" was over, US supply would increase.
Under Trump, US oil production hit 13m bpd. Even at low oil prices.
Oil companies don't trust the Xiden admin. Look at the KeystoneXL, they spent $billions and had to abandon it?! WTF? Look at ANWR. Would you spend any money on exploration, drilling, or new pipelines?
Agreed not all leases have oil or gas. Its a risky business even without Xiden's moronic energy policies.
Voters will decide in November and in 2024 whose energy policies they prefer.
- Sep 16, 2012
- 59,724
- 53,639
- 3,605
You are right, both the DNC, AND the GOP have been deficit spending like there is no tomorrow. Before Reagan? It was axiomatic, you run a deficit, you get inflation.We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.
I say they have no plan because spending by trump contributed to the inflation.
Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats
As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...
And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.
It was just that simple. Then? With Reagan, we began exporting our excess money printing. . . Till now. The entire world is full up. What happens when they don't want our extra dollars? Both they, and us, experience inflation like we have never had since the Reagan era.
*****WHY DEFICITS STOPPED MATTERING*****
"MAGIC OR CONSPIRACY?
The US government in 1981 declared “deficits don’t matter” and then ran massive deficits without causing inflation. This is the equivalent of an African shaman declaring he has mystical powers and then levitating himself in a ring of fire (watch video). Confronted with governments/shamans claiming to defy the economic/physical laws of the universe, the alternatives involve believing in the magic (gravity and deficits "don’t matter") or looking for the fraud.
For everyone who suspects that the government and the press are lying about deficits “not mattering”, read on for an explanation that doesn’t involve magic.
THE CONSPIRACY THAT ENDED INFLATION
As mentioned above, the government never stopped printing money in the 1980s. What happened was the government’s money printing stopped causing inflation. This leads to the question:
HOW DO YOU PRINT MONEY WITHOUT CAUSING INFLATION?
It is possible to print billions without causing inflation if those billions never enter the country’s domestic money supply. For example, if the government prints 1 billion dollars and then that 1 billion disappears overseas, there would be no inflation because the amount of dollars in America remains unchanged. This is exactly what happened in the 1980s. . . "
Foreign Dollar Holdings and the U.S. Money Supply
Foreign Dollar Holdings and the U.S. Money Supply | Publications | National Center for Policy Analysis | NCPA
<p>One of the most important of all economic indicators is the money supply. Most economists believe that it plays a major role in the level of interest rates, inflation and real growth in the economy. The Federal Reserve controls the money supply through various policy instruments. </p>
web.archive.org
Efforts to locate this missing money have focused particularly on "exports" of U.S. dollars: money that has left our shores and now circulates in foreign countries. For many years, there were no estimates of these exports. In the last two years the Federal Reserve has developed estimates of currency exports that it believes are reliable. The Commerce Department now publishes them in the Survey of Current Business , a monthly publication of the U.S. Government Printing Office. The table presents the data on both the stock of U.S. dollars circulating in foreign countries and the annual flows.
Of course these data can be criticized, but in all likelihood they represent a low-end estimate of foreign holdings of U.S. dollars. That is because they mainly measure legitimate currency flows going through the banking system. They exclude flows through other channels, such as tourists, personal remittances and overseas military bases. More importantly, they exclude flows through illegal activities such as drug dealing. Thus we can assume that at least this much U.S. currency circulates in foreign countries and is not part of the domestic money supply. The figure shows foreign holdings of dollars as a percentage of currency in circulation. As one can see, more than half of all U.S. currency now circulates outside the U.S.. . . "
What does this mean? The whole pandemic was a cover for the international banking cartel to cover-up another great recession, or possibly, another minor depression, and inject trillions of reserve currency into the system through the FED. . . this liquidity circulated WORLD WIDE. And? Since there are no auditing powers in the US congress of the FED, those infusions of capital cannot be traced throughout the global system, and YES, do affect the prices in every nation that trades with the US economy.
With that said, neither party can really be said to be at blame. Until the globalized central banking system is done away with, all people on the planet will be made to pay the price of these criminals.
It now seems that the teacher who supposedly left the door open.....actually closed the door. It was supposed to lick but didn't. Those lessers who are quick to hate on teachers need to rethink things. But I do believe they are mentally unable to.
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