White House admits their spending spree caused inflation.

The 11 trillion was because schools were shut down.. parents couldn't go to work, places of work were shut down for too long , with many going out of business...
Government thought they were protecting people from catching covid, when they were going to get it anyways by being stuck together inside the house... so it really didn't make a hill of beans difference in the end, except it destroyed peoples lively hoods and put kids in a state of depression... caused crime to also spike. Lowering the standard of living costs lives every bit as much as some virus... but it requires being able to think ahead of what consequences might come. We have not even seen the end of it.
Would be nice for those in government to admit to making mistakes rather than trying to pawn it all off on the Russians.
WHAT?

No, I'm talking about quantitative easing. And your earthly deity BEGGED THE FED FOR MORE of those "free" inflationary dollars, going LONG BEFORE anyone had heard of COVID. He even begged them to drop interest rates, ANOTHER inflationary move.

You don't even know what I'm fucking talking about. Hannity and Tucker don't tell you about this.

Holy shit, you people. You are told so little in your world.

 
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We needed the $1200 each stimulus and we are not giving that $2400 back! :)
 
They didnt cause it, obviously, but they certainly havent helped it. And they continue to make it worse. Almost like they are doing this shit on purpose.
Central bank money printing - the Federal Reserve - is the one and only cause of inflation. It’s sole purpose is to fund expansions in national government spending.
Biden spends more than Trump, Trump more than Obama, Obama more than Bush, Bush more than Clinton, and on and on going back to Wilson.
 
So stimulus money caused inflation? What did you want people to do? Starve? I won't buy into that. Some also blame stimulus money for the so called supply chain issues.
 
In chronological order:
Nice dodge. Let me help you out, lil fella................YOUR Vegetable Messiah put the moron in place at the Fed. She has royally fucked up.


But you think ORANGE MAN BAD is some sort of argument here. What a clown. :auiqs.jpg: :auiqs.jpg: :auiqs.jpg:
The facts in post 11 are irrefutable.

The facts about Trump's begging the Fed for more are irrefutable.

You are just another arrogant, ignorant Trumpster. Dime a dozen.
 
In chronological order:

The facts in post 11 are irrefutable.

The facts about Trump's begging the Fed for more are irrefutable.

You are just another arrogant, ignorant Trumpster. Dime a dozen.
Who installed Yellen?

Simple question posed to a simpleton. Can you answer?
 
Central bank money printing - the Federal Reserve - is the one and only cause of inflation. It’s sole purpose is to fund expansions in national government spending.
Biden spends more than Trump, Trump more than Obama, Obama more than Bush, Bush more than Clinton, and on and on going back to Wilson.

Nonsense!

The one and only cause of inflation is business people raising prices.

Some of that is justified, some is not.
 
Obama. Are you saying that Obama forced Trump to beg the Fed for more free inflationary money and lower inflationary interest rates?

Wow. You're even more lost than I thought.

And again:

Yep, the idiot Barry Hussein installed the moron first, then Trump sent her packing............and then YOUR Vegetable Messiah brought her back.

Not sure why you keep going back to the Trump admin when it is the Yellen crowd who royally fucked up dealing with Bidenflation, Simp. :cuckoo:
 
They may be the last to admit the painfully obvious, but at least they did.






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REPORTER: "18 months ago when the president took office, inflation and gas prices starting rising."

KARINE JEAN-PIERRE: "18 months ago the president signed the American Rescue Plan"

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3:55 PM · Oct 17, 2022

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That is so much horseshit. The spending did not cause inflation. Inflation is being caused by companies fattening their bottom line. If that were true then we need to repeal the Trump tax cust for the rich and powerful. Clearly this is going to be used to cut social spending that helps people in need while Republicans increase defense spending and try to gfive out more tax cuts for the rich.
 
That is so much horseshit. The spending did not cause inflation. Inflation is being caused by companies fattening their bottom line. If that were true then we need to repeal the Trump tax cust for the rich and powerful. Clearly this is going to be used to cut social spending that helps people in need while Republicans increase defense spending and try to gfive out more tax cuts for the rich.
The spending did not cause inflation.


:auiqs.jpg: :auiqs.jpg: :auiqs.jpg: :cuckoo: :cuckoo: :cuckoo: :auiqs.jpg: :auiqs.jpg: :auiqs.jpg: :cuckoo: :cuckoo: :cuckoo: :auiqs.jpg: :auiqs.jpg: :auiqs.jpg: :cuckoo: :cuckoo: :cuckoo: :cuckoo: :itsok: :itsok: :itsok:
 
Yep, the idiot Barry Hussein installed the moron first, then Trump sent her packing............and then YOUR Vegetable Messiah brought her back.

Not sure why you keep going back to the Trump admin when it is the Yellen crowd who royally fucked up dealing with Bidenflation, Simp. :cuckoo:
Then Trump installed Powell, who was asleep at the switch when inflation picked up.

You can't win this. You're just too ignorant.

Rube.

 
That isn't what she said, and it isn't what has caused this inflation.

It doesn't really matter what she said in the scheme of things. The talking head has absolutely no understanding of economic theory or monetary policy. Not even a rudimentary grasp.

Placing that aside, what do you think causes inflation?
 
Inflation was 1.4% when Trump left office, you raving lunatic.
That's correct, Trumpster. And heading up as supply chains collapsed due to demand and massive inflationary stimulus in April 2021.

You don't know what you're talking about. Your god begged for free inflationary money after already getting TRILLIONS.

 
It doesn't really matter what she said in the scheme of things. The talking head has absolutely no understanding of economic theory or monetary policy. Not even a rudimentary grasp.

Placing that aside, what do you think causes inflation?
Many things CAN contribute to inflation. It's not one thing. Really.

This time around it was, in chronological order:
  1. Around $9 TRILLION in pure stimulus is pumped into the economy since 2009
  2. An extra $2 TRILLION is poured into the system to save short term credit markets in 2019
  3. Interest rates are kept mashed down, causing bond yields to crash up to 60%
  4. We ALL go all that time waiting for this historic stimulus to create MASSIVE inflation
  5. COVID hits and the economy falls into complete structural disarray
  6. The economy contracts, hitting & weakening supply chains across virtually all economic strata
  7. COVID subsides and global economies re-open. The USA is flush with cash
  8. Demand explodes globally (particularly the USA, with all its stimulus) coming out of the COVID lockdowns
  9. Supply chains immediately collapse worldwide, causing production and distribution to freeze up
  10. Inflation hits and quickly compounds on itself from demand with supply chains paralyzed top to bottom
  11. The Fed waits far too long (maybe 10 to 12 months) to gradually mitigate the inflation
  12. Russia's invasion and destruction of Ukraine provides another important inflationary irritant
And, let's not forget:

 
That's correct, Trumpster. And heading up as supply chains collapsed due to demand and massive inflationary stimulus in April 2021.

You don't know what you're talking about. Your god begged for free inflationary money after already getting TRILLIONS.

That's correct,

That's all you needed to say. The rest of your bullshit spin isn't working.
 

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