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Oh really, is the Republican party actually going to embrace fiscal conservatism for the first time in decades and completely distance itself from the drunken sailor spending Trump ways? I'll be watching closely.
No they won’t. I’m a moderate conservative who has no delusion the republicans are fiscally conservative. They waste a lot of money too. The remaining difference between the two parties is that the democrats increasingly want people reliant on the government through hand outs. A big reason we are in the inflation mess is because Biden did not stop spending early enough. He still wants to spend even more. Outside of that , the parties are the same and America is in a downward spiral that future generations (maybe sooner than we think) will have to pay the bill for. That means some tough austerity measures. Neither party is willing to do the right thing.
The inflation is fake? High fuel prices fake? Reduced spending power of every American family fake? You are more delusional than Brandon.
Americans can't budget and plan for any higher prices, that is partly due to wage stagnation for many decades up until recently- although counteracted by inflation again of course. I always think of 1979 as a baseline model for people complaining today. Let's see- we had inflation of over 12%, interest rates of over 10% and an unemployment rate of over 8% increasing to 12-13% by 1982. Most people under the age of 50 don't have a clue what hard times are other than the Great Recession.
LOL, energy prices are going down the rest of the year. The top in the oil market due to excessive speculation and greed by energy derivatives trading was at $130 earlier this week. It is now at $105 and falling. Of course gas stations are a lagging indicator and will begin to fall in price starting in the next 1-2 weeks.
Greed and racism are the left’s answer to every problem they create. Lol. Oil is dropping, we will see how long it lasts. We wouldn’t even be in this situation if Biden and the democrats would open up lands to oil exploration and drilling. We could be energy independent while we work on developing alternative so we can kick the oil habit. I’m strongly for both. If we are going to electric we need to be planning and putting in the infrastructure NOW not trying to get people to electric vehicles when they are not practical yet for most people.
No they won’t. I’m a moderate conservative who has no delusion the republicans are fiscally conservative. They waste a lot of money too. The remaining difference between the two parties is that the democrats increasingly want people reliant on the government through hand outs. A big reason we are in the inflation mess is because Biden did not stop spending early enough. He still wants to spend even more. Outside of that , the parties are the same and America is in a downward spiral that future generations (maybe sooner than we think) will have to pay the bill for. That means some tough austerity measures. Neither party is willing to do the right thing.
The problem with that is that austerity is equally unpopular as that was the approach taken during the Great Recession, and the economy took over three to four years to recover with younger generations directly impacted. The main issue this time is that the Federal Reserve didn't seem to have a clue regarding the extra infusion of dollars into the economy would create large-scale inflation and shortages of goods and products due to the pandemic- with so many people working from home. I agree, it is a downward spiral, has been for over 40 years in many categories.
The misery never ends with this twit. Real inflation at 20% and the US heading into recession- meanwhile the dems try to stoke inflation with $1.5 trillion more in spending.
The idiocy of the dem party is on full display under Brandon. Let's hope we still have voting rights this year and in 2024 to remove these fools or the nation could be on the cusp of balkanization or civil war. The dems fail to understand that the citizens have voting rights to express their support (or lack of support) for politicians. When those rights are removed, we are living in a totalitarian state.
Let's hope the nation, having been cured of mean tweets, can survive to 2024 under these idiots.
Don't thank Brandon. You should thank the 80 million people who voted for Democrats.
Greed and racism are the left’s answer to every problem they create. Lol. Oil is dropping, we will see how long it lasts. We wouldn’t even be in this situation if Biden and the democrats would open up lands to oil exploration and drilling. We could be energy independent while we work on developing alternative so we can kick the oil habit. I’m strongly for both. If we are going to electric we need to be planning and putting in the infrastructure NOW not trying to get people to electric vehicles when they are not practical yet for most people.
No, incorrect, we have greater amounts of drilling and energy production this year than when Trump was in office. You conveniently forget that energy markets completely collapsed in 2020-21 when there was no global demand and oil briefly went below $0 in trading. Of course oil companies aren't going to be drilling as much with severely depressed prices- when it takes time, permitting, and a guaranteed return of investment to shareholders given the market pricing situation that existed then, compared to the current situation. In Economics we call this a lagging indicator.
Let me know when it happens. Right now it aint happening.
One thing I learned back in the 70's. Inflation happens.
Nixon attempts to hold prices down failed.
Supply and demand works.
Supply and demand does work. But what finally halted inflation was raising interest rates under Reagan. The fact that the feds manipulate rates means we don't have true supply and demand. They kept rates too low too long and then flooded the economy with a ridiculous amount of money. No surprise we are in this mess.
Americans can't budget and plan for any higher prices, that is partly due to wage stagnation for many decades up until recently- although counteracted by inflation again of course. I always think of 1979 as a baseline model for people complaining today. Let's see- we had inflation of over 12%, interest rates of over 10% and an unemployment rate of over 8% increasing to 12-13% by 1982. Most people under the age of 50 don't have a clue what hard times are other than the Great Recession.
Can’t argue with that. We have always tried to live below our means and save for tough times. We have been fortunate not to experience anything too tough thus far. Hopefully that continues but our budget is being squeezed a bit right now.
Supply and demand does work. But what finally halted inflation was raising interest rates under Reagan. The fact that the feds manipulate rates means we don't have true supply and demand. They kept rates too low too long and then flooded the economy with a ridiculous amount of money. No surprise we are in this mess.
Paul Volcker was looked at in a terrible light then, but now is heralded as breaking the back of the massive inflation problem that was also stagflationary in nature due to the second energy crisis that ramped up in 1979. Unemployment rates, interest rates, and low inflation did not start coming back down until the fourth year of Reagan's presidency- 1984. 1982-83 was also the era of the complete collapse of the Rust Belt with many Steel Mills closing in Pittsburgh with unemployment rates in those areas at over 20%. Those were far darker times for those areas than anything we have occurring now.
No, incorrect, we have greater amounts of drilling and energy production this year than when Trump was in office. You conveniently forget that energy markets completely collapsed in 2020-21 when there was no global demand and oil briefly went below $0 in trading. Of course oil companies aren't going to be drilling as much with severely depressed prices- when it takes time, permitting, and a guaranteed return of investment to shareholders given the market pricing situation that existed then, compared to the current situation. In Economics we call this a lagging indicator.
Your are conveniently leaving out the fact that your comparison is to Trumps LAST YEAR in office. You know, the first year of the pandemic. In 2019 the US produced over 12 million barrels per day. Biden is still slightly below 2020 numbers let alone what they were before the pandemic. He messed up with his anti oil rhetoric, executive orders, and killing the keystone. He needs to grand not only leases but drilling permits and build the keystone. I’m sure a deal that benefits the US as well could be made with Canada. Biden is in charge, he can make a difference. He is choosing not to.
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