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So you would agree that it is wrong to print a ton of money?
Yes. End the Fed
Quote:
Originally Posted by Retroit
If so, deflecting the blame to past presidents who created debt doesn't exonerate the current president who is creating debt.
Agreed. And? So?
Quote:
Originally Posted by Retroit
I was against the Trump stimulus package, but at least there was unanimous Congressional agreement that stimulus was necessary due to the exigency of Covid. Unlike Biden's stimulus package, which most of the responsible Congrespeople voted against.
lol Not unanimous. My guys didn't. Same with the Cares Act. Trump fell for the scam and pushed for closures.
Gosh could all of the sky high inflation started under Trump when the covid scam hit, the economy was shut down, and Trump printed up a ton of money? << Nothing to see here, move along mundanes.
Nope. Google an inflation chart. Literally spiked about 3 weeks into Biden's term.
1970s inflation began with LBJ's spending on the Great Society and Vietnam, both of which were quite costly. Richard "We're all Keynesians Here" Nixon did little to alleviate that. Ford was not around long enough to do much of anything.
It was aggrivated by the Arab Oil Boycott and the Iranian Revoluton aka the twin oil shocks.
The Double Digit interest rates, courtesy of Paul Volcker, is what tamed inflation.
Of course, Joe Biden was in office during most, if not all of that. Clearly having a front row seat taught him nothing.
So are we headed for double digit interest rates, once again, to finally tame inflation? Potential home sellers are sitting it out waiting for the rates to drop, and if they go up, they've got a long wait ahead of them.
This is the problem with the Biden administration.
The entire cabinet, and all the other appointed positions, have zero accountability when they get something wrong.
They will not be fired. They can’t be fired. Many have done really poor jobs and should’ve been fired long ago: Mayorkas, Buttigeig, Yellin, Austin, etc. I could keep going.
But since Biden certainly isn’t running the country because he isn’t capable, he can’t fire anyone.
For example, if you pinned the blame on the Afghanistan debacle on Lloyd Austin and fired him, he could easily go on Fox News and state that he and the other Generals advised Biden not to pull out, but that Biden didn’t have the mental capacity to grasp what they were telling him.
Biden’s presidency could be ended immediately by a cabinet member, and because of this threat, they are untouchable, no matter how incompetent they actually are.
The Deep State, aka Permanent Washington, have found their perfect stooge, a president with dementia.
Wow. Interesting. I never really thought of it that way.
So are we headed for double digit interest rates, once again, to finally tame inflation? Potential home sellers are sitting it out waiting for the rates to drop, and if they go up, they've got a long wait ahead of them.
Not necessarily double digits. More likely, the Fed will not lower them as fast as we might want. But if that is what it takes to tame inflation, then so be it.
I realize the left worships credentials (vice competence) as being what matters the most in choosing a person to view as an "expert", but what happened to this guy? Degrees in music and social work?
What brought him up to be viewed as an economic advisor by these idiots?
OBAMA - based on his Social Work Progressive Ideology.
Quote:
Originally Posted by Quick Enough
"What in the world is wrong with the Senate"
You have to ask?
It is run be DEMS! Nuff said.
So is the US House said Minority Leader Hakeem Jeffries yesterday on CBS 60 Minutes.
Congress is dysfunctional, the President has been judged by his own DOJ Prosecutors to be incompetent to stand for a Trial. Our Top Economic Council is led by a Musician/Social Worker, Colleges & Universities are being taken over (and threatened) by Iran & Terroist supporters, and Lawfare is busy trying to Jail and Convict anyone who doesn’t fit their Ideology Purposes.
The MEDIA is pretty much compliant with all this.
We have some serious problems — and there are extremely limited avenues to escape serious consequences.
Not necessarily double digits. More likely, the Fed will not lower them as fast as we might want. But if that is what it takes to tame inflation, then so be it.
The Fed should've set the rate higher than it is now when this malfeasance first began. Instead, they were derelict, and we had an entire far-left Orwellian apparatus doggedly gaslighting the entire population of this country — perhaps most notably including World's Worst Press Secretary, KJP. "There is no inflation." "Inflation is a high-class problem; everything's fine." "It's transitory." "If you're upset about the unaffordability of goods and services, it's probably because you're far-right or have been deceived by far-right disinformation." "It's "Putin's Price Hike." "The Inflation Reduction Act will help, but then we'll call it the Climate Bill after its absurd passage." "The American Rescue Plan" was really just about further accelerating the transfer of wealth in upward fashion. Ditto with the "bipartisan" Infrastructure Bill that had overwhelmingly nothing to do with infrastructure. And so on...
To be fair, Republicans need to accept some ownership as well for the printing of Trillions in phantom money and giving it raw (and without lube) to the American People. Money printer goes *brrr* and the uniparty sips wine while engaging in circle-jerks behind closed doors.
I'd be tempted to say, Satan. But I'd doubt Satan is that stupid.
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