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Oil company profits are huge. They could easily afford to keep prices in check. Nothing Biden has done has caused this inflation. This is 100% the fault of the wealthy.
BTW - You're a liar, a racist and a faggot!
You just announced that you're a dumbass commie.So, nationalize the oil companies? Sounds good to me!
The President can get in the way. The federal government the same depending on their agendas and programs. We can afford to clean the environment we cannot afford to sanitize every square inch like the country is a room with no germs in it.In a free capitalist country the President has only very limited power to effect the economy.
Perhaps you should be blaming business owners for raising their prices.
Yeah, sure.Which means democrat big government wipe-every-nose nirvana is just two missed house payments away
Venezuela here we come
If Rich did the research on 'profit margins', he would be very surprised.Oil company profits are huge. They could easily afford to keep prices in check.
LOL! What are their profit margins?
So, nationalize the oil companies? Sounds good to me!
Who said we were a "free capitalist country?" The president has a great deal of power to affect the economy. Do you imagine spending $6 trillion doesn't affect the economy?In a free capitalist country the President has only very limited power to effect the economy.
Perhaps you should be blaming business owners for raising their prices.
Maybe it was the former president’s pushing money into the economy in 2917?Two years ago is causing inflation now?
You're right, there is never any lag when government does something.
Wow, and how did our pumping money into our economy cause higher inflation throughout the world?
Did any other country also pump money into their own economy?
Yeah, he probably believes Exxon earns an 80% return on it's moneyIf Rich did the research on 'profit margins', he would be very surprised.
2917? Does he have a time machine?Maybe it was the former president’s pushing money into the economy in 2917?
Can you point to another country?
Yeah, when it averages around 6% year over yearYeah, he probably believes Exxon earns an 80% return on it's money
Oil company profits are huge
. They could easily afford to keep prices in check. Nothing Biden has done has caused this inflation. This is 100% the fault of the wealthy.
BTW - You're a liar, a racist and a faggot!
You tards are about as clueless as to how an economy works as it gets.
Stop projecting. It makes you look dumber than you already are.
Most of the industrialized countries passed a "stimulus" bill of one kind or another.Maybe it was the former president’s pushing money into the economy in 2917?
Can you point to another country?
If Rich did the research on 'profit margins', he would be very surprised.
Then how come 75% of the inflation increase happen after the Russia invasion of Ukraine?It didn't, however there are still supply chain issues that cause inflation, also other governments gave out more money and when people get money and spend, the prices go up because of demand. We are sixth in the world in inflation Turkey, Russia, Argentina, Brazil and Spain are higher, lower is Italy, Canada, Mexico, and France. China's inflation rate is 2.5% as is Japans. Our rates would have been lower if we hadn't added over $4 trillion to the economy, also,
https://www.washingtonpost.com/us-policy/2021/03/29/summers-biden-economy-inflation/ Even smart Democrats are questioning Biden and his ideas, too bad the lower end Democrats aren't that smart.
And another Obama economist showing why Biden is clueless.
Fed 'behind the curve' on inflation, says former Obama economist Jason Furman
Consumer prices showed the biggest annual jump in more than 30 years, stoking fears the Fed has moved too slowly on inflation and will be forced to raise rates.www.cnbc.com
Government spending is one of several factors but it was a big factor when the economy was in a bad spot.
Okay, which countries?Most of the industrialized countries passed a "stimulus" bill of one kind or another.
Maybe it was the former president’s pushing money into the economy in 2917?
The other thing that happens is bankruptcy.By what measurement? Talking to economic neophytes like you is so tedious, but I'll try
OMG, you really don't understand supply and demand. I'll try this once, but you have to be serious or that's it.
OK, let's say we do your plan. Oil companies decide to lower money. Everything's good now, right? Let's consider the supply and demand curve. They were in balance before you did that, they always are in free markets. But you artificially lowered prices. OK, so now oil is cheaper, so what happens? If you have taken ECON 101, you know the answer to that is oil shortages.
To be clear, you have two choices, fun or serious. I'll discuss this with you as long as you are serious, but if you chose fun and start insulting me, then you picked fun so don't whine when I stop explaining it to you
COVID-19 stimulus package by country | StatistaMaybe it was the former president’s pushing money into the economy in 2917?
Can you point to another country?
Then how come 75% of the inflation increase happen after the Russia invasion of Ukraine?
Also, why the complete downplaying of the pandemic affect on the world economy?
Could it be that you’re just a partisan hack…
www.pbs.org
