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I’m convinced that Joe Biden and his administration want inflation and high energy prices, as Democrats tend to love to cause misery and then use it as an opportunity to advance their agenda. Although after seeing Joe Biden’s cue cards, I’m not sure he even knows what day it is.
Any fool could have seen this coming when you create 15 trillion dollars from thin air
From 2008 until recently, the Federal funds interest rate hovered near zero percent. The Fed announced Quantitative Easing campaigns in 2008 (Bush) 2010, 2012 (Obama) and 2020 (Trump). All this time, not many were warning of inflation. Not many people on this forum were complaining as they collected their government stimulus checks in 2020 and 2021.
Maybe you’re right about any fool, but I would also point out that hindsight is 20/20.
From 2008 until recently, the Federal funds interest rate hovered near zero percent. The Fed announced Quantitative Easing campaigns in 2008 (Bush) 2010, 2012 (Obama) and 2020 (Trump). All this time, not many were warning of inflation. Not many people on this forum were complaining as they collected their government stimulus checks in 2020 and 2021.
Maybe you’re right about any fool, but I would also point out that hindsight is 20/20.
Cd is hardly comparable to financial and economic sites. Here most spend their time blaming presidents and political parties
From 2008 until recently, the Federal funds interest rate hovered near zero percent. The Fed announced Quantitative Easing campaigns in 2008 (Bush) 2010, 2012 (Obama) and 2020 (Trump). All this time, not many were warning of inflation. Not many people on this forum were complaining as they collected their government stimulus checks in 2020 and 2021.
Maybe you’re right about any fool, but I would also point out that hindsight is 20/20.
I’m convinced that Joe Biden and his administration want inflation and high energy prices, as Democrats tend to love to cause misery and then use it as an opportunity to advance their agenda. Although after seeing Joe Biden’s cue cards, I’m not sure he even knows what day it is.
Too bad the Adults in the Room turned out to be Larry, Moe, and Curly.
I'm not convinced that Joe Biden knows anything other than what he is told, and even then retention is probably spotty at best. But since he is the Head "Stooge" he just does what he is told.
It's hard to ignore the close timing of the American Rescue Plan and the jump in inflation.
Europe has supply chain issues too, but they didn't spend nearly as much and their inflation isn't even close to ours.
Productivity gains would help but that requires fossil fuels instead of green energy pipe dreams.
Not really. It's a lagging indicator and the American Rescue Plan of 2021 was a reduction in welfare bennies from CARES Act. You might be noting the cumulative effects of it now but you weren't in March when it passed. Totally speculative but perhaps the 5% was Trump and the 8% is the cumulative effect of Biden on top of Trump.
They're both trainwrecks fiscally. Hate to say I told you so but what did you think was going to happen when everyone was excitedly cashing their repeated stimmies checks and collecting their 450/week + state no-questions-asked "UI" couch sitting money and not paying their rent because Trump said it was free?
Not really. It's a lagging indicator and the American Rescue Plan of 2021 was a reduction in welfare bennies from CARES Act. You might be noting the cumulative effects of it now but you weren't in March when it passed. Totally speculative but perhaps the 5% was Trump and the 8% is the cumulative effect of Biden on top of Trump.
They're both trainwrecks fiscally. Hate to say I told you so but what did you think was going to happen when everyone was excitedly cashing their repeated stimmies checks and collecting their 450/week + state no-questions-asked "UI" couch sitting money and not paying their rent because Trump said it was free?
There is that old saying. “ pay back is a b*tch”
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