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Do you partisan hacks not realize that most of the fiscal stimulus that is driving the current inflation happened before Biden was President? It was the trillions of dollars the fed dumped into the market, and the two trillion spent on aid to businesses and stimulus checks. To remind you all, this happened as a result of COVID triggering mass unemployment. This policy started when Trump was president. We overshot the mark on the COVID stimulus, that is what is happening. It isn't a partisan failure of a specific party or politician.
Do you partisan hacks not realize that most of the fiscal stimulus that is driving the current inflation happened before Biden was President? It was the trillions of dollars the fed dumped into the market, and the two trillion spent on aid to businesses and stimulus checks. To remind you all, this happened as a result of COVID triggering mass unemployment. This policy started when Trump was president. We overshot the mark on the COVID stimulus, that is what is happening. It isn't a partisan failure of a specific party or politician.
You must be an NPR listener. There was no inflation under Trump. Biden is President and it's happening now. It was forecast and he didn't take it seriously. Trump would have done what it takes to nip it in the bud.
You must be an NPR listener. There was no inflation under Trump. Biden is President and it's happening now. It was forecast and he didn't take it seriously. Trump would have done what it takes to nip it in the bud.
All liberals have is distortion and lies, as reality is too hard for them to take.
The "Biden admin" is showing the abject failures of liberalism and that it has, and will always be, a failed, destructive policy that works only between the ears of liberals.
You must be an NPR listener. There was no inflation under Trump. Biden is President and it's happening now. It was forecast and he didn't take it seriously. Trump would have done what it takes to nip it in the bud.
I don't listen to NPR but I have read the Economist on a regular basis since 1987 so I understand how economics works. There is a lag between an action and a result. In this case the stimulus didn't cause inflation while COVID was having a depressive effect on economic activity. Once people started spending money in a normal manner in retail and service businesses the extra money that had been injected into the system caused inflation because COVID was no longer depressing economic activity.
The top 40% are nearly inflation and recession proof. They are the ones driving the economy.
They've made a lot of $ on the stock market since 2008, and on their home appreciation, and some on crypto's.
I think there's too much cash floating around in the top 40% to have a recession.
On the other side of the coin, gov't is now consuming ~1/2 of GDP, so we have less dollars making baby dollars.
Gov't consuming 1/2 of GDP is the 800-pound Gorilla in the room. The Goose that lays the Golden eggs (our private sector) is being starved to death by gov't.
I don't listen to NPR but I have read the Economist on a regular basis since 1987 so I understand how economics works. There is a lag between an action and a result. In this case the stimulus didn't cause inflation while COVID was having a depressive effect on economic activity. Once people started spending money in a normal manner in retail and service businesses the extra money that had been injected into the system caused inflation because COVID was no longer depressing economic activity.
The demoncrat war against fossil fuels has resulted in higher energy prices and that leads to inflation. The American Rescue Plan (ARP) was predicted to exacerbate inflation but the dems pushed it though. Mask and vax mandates have cause labor shortages and that also leads to inflation. Trump never would have done any of that and inflation would be under control now.
The demoncrat war against fossil fuels has resulted in higher energy prices and that leads to inflation. The American Rescue Plan (ARP) was predicted to exacerbate inflation but the dems pushed it though. Mask and vax mandates have cause labor shortages and that also leads to inflation. Trump never would have done any of that and inflation would be under control now.
Inflation started when Trump pushed 25% tariffs.
Prices started going crazy and US manufacturers just raised their prices to match the new import prices.
Then add all the electronic price increases on components.
Trump's policies started this and he pressured the Fed to hold interest rates down.
Add on Putin and OPEC+ with the attempt to kill our fracking by dumping as much oil on the market. Then cutting OPEC+ production.
We have had reckless, careless economic policy since Biden was installed and expecting prosperity from such an idiot was too much to ask.
Biden continues to far outdistance Obama and Carter as the worst president in US history.
Just think- we have 2.75 more years of ineptitude and incompetence to make things even worse. After Biden is through with the nation, even democrats will hate him.
No, there will not be a recession as long as plenty of individuals and businesses are able to pay their loans every month.
You must be an NPR listener. There was no inflation under Trump. Biden is President and it's happening now. It was forecast and he didn't take it seriously. Trump would have done what it takes to nip it in the bud.
Economy under Trump was great! Now we are heading into VERY bad times thanks to joey biden
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