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Old 11-15-2022, 06:00 PM
 
16,395 posts, read 14,830,360 times
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Quote:
Originally Posted by LocalPlanner View Post
And just as the Republicans tolerated election deniers, the Democrats are tolerating inflation deniers - those who insist that the massive federal spending packages since spring 2020 had nothing to do with the surge in inflation, despite the "science" strongly indicating that it did (not exclusively, but at least in part). The inflation deniers also insist that the feds way way underspent on pandemic relief and of course way way underspend on social welfare year in and year out. Why are those folks allowed anywhere near discussions of economic policy?

To be clear, election denial is more immediately worse than inflation denial - but the latter is bad enough that it justifies the righteous exclusion of those Democrats from policy discussions. Hopefully Texas Dems are few and far between in that crowd.
No question there are psychos on both sides of the political aisle.
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Old 11-15-2022, 06:03 PM
 
3,621 posts, read 5,339,572 times
Reputation: 5091
Quote:
Originally Posted by LocalPlanner View Post
And just as the Republicans tolerated election deniers, the Democrats are tolerating inflation deniers - those who insist that the massive federal spending packages since spring 2020 had nothing to do with the surge in inflation, despite the "science" strongly indicating that it did (not exclusively, but at least in part). The inflation deniers also insist that the feds way way underspent on pandemic relief and of course way way underspend on social welfare year in and year out. Why are those folks allowed anywhere near discussions of economic policy?

To be clear, election denial is more immediately worse than inflation denial - but the latter is bad enough that it justifies the righteous exclusion of those Democrats from policy discussions. Hopefully Texas Dems are few and far between in that crowd.
How about Biden cutting domestic oil production? Then begging Iran and Saudis for oil. Come on, man!!
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Old 11-15-2022, 06:34 PM
 
Location: Round Rock, Texas
12,177 posts, read 11,848,425 times
Reputation: 12676
Quote:
Originally Posted by Rogarven View Post
How about Biden cutting domestic oil production? Then begging Iran and Saudis for oil. Come on, man!!
And Venezuela too.
What a dishonest dunce that old coot is.
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Old 11-15-2022, 09:30 PM
 
17,346 posts, read 23,532,256 times
Reputation: 15851
Quote:
Originally Posted by ScoPro View Post
And Venezuela too.
What a dishonest dunce that old coot is.
Trump renewed Chevron’s license to operate in Venezuela for several years
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Old 11-15-2022, 10:20 PM
 
Location: Houston
5,160 posts, read 4,051,406 times
Reputation: 4132
Quote:
Originally Posted by Rogarven View Post
How about Biden cutting domestic oil production? Then begging Iran and Saudis for oil. Come on, man!!
I personally don't blame Biden for the rise in oil / gas prices over the last couple of years - I think that has a lot more to do with the 2019 pullback by capital providers who got disgruntled after not making any return on their investments after shoveling cash to the industry for 8 years. So the oil producers had to limit drilling, since they had less $ to work with, and send any excess cash to the capital providers instead of back into the ground. Oh, and whine in the process (remember the whining?). I doubt Biden was working with NYC financiers behind the scenes to do that, especially since he wasn't in office at that time. And then the pandemic happened, demand went off a cliff, and this all provided further disincentive to drill.

I guess you could say that his support for pumping a whole lotta additional cash into the economy (after the $ already pumped in during the previous administration) encouraged more consumption at a time when supply was constrained, so he has responsibility from the demand side (though so do a whole bunch of folks in Congress).

Now, Biden's actions since coming into office could very well limit production in the coming years, which could have the effect of raising prices unless demand goes down. In that respect, he is accountable for that.

Anyway, I'm speaking specifically about the folks (who appear to be exclusively "progressive" Democrats and socialists) who have gone on record multiple times denying that the federal relief spending (which again they also claim was far below what it should have been) had any effect of pushing up inflation. This can be legitimately termed a lie, and a malevolent one at that. And Democratic leadership has done nothing to bring those folks to heel, despite knowing that they are lying.
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