It's 100% Biden's Inflation

anatta said:
policies matter. Energy costs are going up as Biden oil production still lags behind Trump's peak

All of Congress spends way too much - but that last Biden COVID relief bill really was nuts

Of course there are many factors. but the graphs dont lie either
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I can't tell: are you admitting that it's not 100% Biden, and that the thread title is a hyper-partisan exaggeration?
 
anatta said:
policies matter. Energy costs are going up as Biden oil production still lags behind Trump's peak

All of Congress spends way too much - but that last Biden COVID relief bill really was nuts

Of course there are many factors. but the graphs dont lie either
Click to expand...

Policies are very important but headlines like that are almost like click bait. To me, throwing out hyperbole like that distracts from the issue. An article entitled “Biden’s Role in Increasing Inflation” may not have the same appeal as saying it’s 100% his fault though I guess if it’s appealing to partisans.
 
BartenderElite said:
Inflation is a global issue.
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This may be partisan but I believe I'm 100% accurate here. I've seen you credit Biden (and the Democrats) for the GDP growth we experienced in 2021. But the same factors that drove that growth are responsible for inflation, yet you are trying to separate the two.

2021 growth was driven by pent up demand and the reopening of the economy along with the Fed's easy money policies and massive fiscal stimulus. If there were no negative repercussions to that that's all we would do both from a monetary and fiscal policy perspective. But there are repercussions, it's called inflation. So yes, it is a global issue but so is our economy. I understand the partisan desire to separate the policies from inflation but it doesn't work that way in the real world.
 
cawacko said:
This may be partisan but I believe I'm 100% accurate here. I've seen you credit Biden (and the Democrats) for the GDP growth we experienced in 2021. But the same factors that drove that growth are responsible for inflation, yet you are trying to separate the two.

2021 growth was driven by pent up demand and the reopening of the economy along with the Fed's easy money policies and massive fiscal stimulus. If there were no negative repercussions to that that's all we would do both from a monetary and fiscal policy perspective. But there are repercussions, it's called inflation. So yes, it is a global issue but so is our economy. I understand the partisan desire to separate the policies from inflation but it doesn't work that way in the real world.
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So, inflation wasn't a global issue?
 
Althea said:
To recap:

trump puts tariffs on every import coming into the nation, believing that trade deals are a zero sum game.

The trump virus shuts down the world, as economies shrink. Of course, Amazon/Walmart did extremely well as people shopped from home for lack of any other entertainment.


trump is ousted from office by and adult, and Biden's economy takes off. Meanwhile, trump created serious supply chain issues that predated his eponymous pandemic. How easy to forget that the price of all appliances jumped after Xi kicked trump's ass in the tariff war. 6 month waits for appliances became the norm.


But it's 'Bidens' fault.

You can't make this shit up.
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You can make al the shit up you want, throw it on the ceiling, and see what sticks.

Russia's inflation is higher than ours- DID BIDEN CAUSE THIS?

Why is it that every nation in the world had record inflation and supply chain issues over the last two years?

Hint Hint- it wasn't because Biden did or did not do anything!
 
BartenderElite said:
So, inflation wasn't a global issue?
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Since tone can be difficult to deduce sometimes on here I’m not asking this in an aggressive or confrontational manner rather just trying to understand why you asked the question again when I answered it in my response.
 
Since tariffs were brought up can anyone explain why Biden hasn't gotten rid of them?

I don't know if this is true but I can offer a potential reason. I think Biden and many Democrats support them. They just didn't like that Trump was doing it. Not that this board should be proxy for anything but notice many of the people complaining about the tariffs during the Trump years haven't said a word about them since Biden became President?
 
anatta said:
https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F064b6b89-6df8-42db-ae9d-0063e575b6d9_1169x773.jpeg


Biden shamefully lies to America when he tries to put the blame for his inflation crisis elsewhere. He had to gall to claim: “I’m sick of this stuff! The American people think the reason for inflation is the government spending more money. Simply. Not. True."

To prove just how dishonest Biden is, take a look at the trajectory inflation as measured by CPI, the Consumer Price Index.

eviewing the last five years of inflation makes it crystal clear that under President Trump, overall pricing pressures remained stable, low, and predictable -- even during the breakout Trump Boom economy into 2019, that American workers enjoyed pre-Covid.

As America emerged from the Spring 2020 lockdowns, pricing did not surge when Trump was still in office. Even as America aggressively re-opened, during the last 5 months of Trump’s term, inflation remained super low, beneath 1.4% in each of those months. But into the Spring of 2021, with Biden managing our economy, the pace of inflation rocketed higher, hitting an appalling 7.9% for the most recent data release.
https://stevecortes.substack.com/p/its-100-bidens-inflation?s=r
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Dude...wtf?
Ever hear of quantitative easing? Do you know how many time they did it?
Did you notice how much Trump printed?
Do you even understand the actual mechanism of inflation?
The devaluation of the dollar?

It is almost as if you are jesting.
 
cawacko said:
Since tariffs were brought up can anyone explain why Biden hasn't gotten rid of them?

I don't know if this is true but I can offer a potential reason. I think Biden and many Democrats support them. They just didn't like that Trump was doing it. Not that this board should be proxy for anything but notice many of the people complaining about the tariffs during the Trump years haven't said a word about them since Biden became President?
Click to expand...
The excuse is that China is breaking the Phase One Agreement they signed with Trump by not buying enough American goods.

Interesting to me is that there was no sunset date, for example Reagan's successful tariff against Japan started at 50% then dropped 5% per year.
 
ExpressLane said:
Are you saying Biden's policies are not responsible for inflation in the US?
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They must give you assholes a test to be sure you each are stupid enough to be an American conservative.

I am sure you passed that test with flying colors.

You are the kind of jerk who would fault a surgeon for the cuts he/she makes in a human body to cure a problem where surgery is required.

And Bartender Elite is correct. The "inflation problem" IS a world wide problem right now...not one peculiar to the US. Gasoline, for instance, is WAY UP all over the world...not just here in the US.
 
Rune said:
The excuse is that China is breaking the Phase One Agreement they signed with Trump by not buying enough American goods.

Interesting to me is that there was no sunset date, for example Reagan's successful tariff against Japan started at 50% then dropped 5% per year.
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Biden is now waving them around as bait for China. Meanwhile, the world move on from the U.S for many products.

We might be picking up Ukraine's grain supply issues for China now that Putin destroyed their market.
 
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