It's 100% Biden's Inflation

Frank Apisa said:
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.
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And you are a special kind of stupid. I asked if he was suggesting Biden's policies were not responsible for inflation in the US.

Voters are correct: Biden is to blame for inflation


For instance, oil prices are higher for two reasons. First, U.S. production has declined by about two million barrels per day since 2019, even as demand has recovered from the COVID-19-induced downturn. Oil markets are global, so the fall-off in output would not necessarily jack prices up, but our declining output needs to be offset by an increase elsewhere....

Enter OPEC, which has not restored output to the level necessary to bring down prices, despite repeated pleas from Biden.

Meanwhile, Biden has done a lot to discourage a resurgence in U.S. drilling and production. He has cancelled pipelines, threatened oil and gas producers with higher taxes, taken promising acreage out of play, such as the Arctic Natural Wildlife Refuge, slow-walked leasing and new drilling permits and, most recently, imposed new methane-curbing rules that make drilling more expensive.

What sensible person would invest in the oilfield in the face of such unrelenting hostility? Drilling activity is up, but nowhere near where it should be at $82 per barrel oil. (now $115 per barrel)
A recent analysis of Biden’s proposed Build Back Better bill shows the legislation could create even more disincentives to work, sidelining millions of Americans. This would drive the cost of everything even higher.

Ultimately, inflation is the result of too much money pursuing too few goods. That’s what is happening now. Joe Biden is to blame for much of the problem; voters know it.
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Plus isn't it odd that inflation started to take off right after Biden took office.


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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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From just a policy perspective, attempting to leave Trump and Biden out of it, what do you think of our tariff policy and what we were attempting to do with China over the past three to four years?

Maybe I'm too simplistic but to me tariffs have always been a tax on consumers and have retarded growth, and that's what happened here. I understand there are various factors at play regarding China and their activities that need to be addressed. But I don't support these tariffs. (I understand there are people who feel differently)
 
cawacko said:
From just a policy perspective, attempting to leave Trump and Biden out of it, what do you think of our tariff policy and what we were attempting to do with China over the past three to four years?

Maybe I'm too simplistic but to me tariffs have always been a tax on consumers and have retarded growth, and that's what happened here. I understand there are various factors at play regarding China and their activities that need to be addressed. But I don't support these tariffs. (I understand there are people who feel differently)
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I personally had my raw materials cost increase by 25% in one day. Mostly just meant an increase in cost to my customers.
A nail factory in the mid west went out of business that day though when their cost increase for steel was much higher than their profit margin and moved the company to Mexico.
Car manufactures and anyone else whose raw material is mostly steel have suffered.

I don't think that anything that hurts our economy is good at this point, but I suggest for your own edification that you research how tariffs saved Harley Davidson in the mid '80s. I was there, it worked well and Harley is strong still 35 years later.
 
anatta said:
Russian Propaganda
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Inflation is occurring everywhere, and there would have been NO INFLATION had you and Trump not lied your fucking asses off about COVID in 2020.

Never forget that we entered a recession BEFORE any COVID lockdowns started, and it's 100% thanks to the Russia Tax Cut that Anatta promised would lead to growth of at least 3%:

It's official: Recession began in February, ending longest U.S. expansion ever
https://www.cbsnews.com/news/united-states-recession-started-february/

Never forget that the year before COVID saw manufacturing enter into a recession and lose 300,000 jobs:

U.S. manufacturing was in a mild recession during 2019, a sore spot for the economy
https://www.washingtonpost.com/busi...mild-recession-during-2019-sore-spot-economy/

And of course, Anatta promised that business investment would increase if taxes were reduced down to 21% from 35%...but it didn't because that was another Anatta lie:

A Decline in Capital Investment Reveals the False Promise of Drumpf’s Tax Bill
https://www.newyorker.com/news/our-...-reveals-the-false-promise-of-trumps-tax-bill
 
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ExpressLane said:
Inflation disproportionately hurts poor people.
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So then why did you and Trump lie about COVID at the beginning, causing a pandemic which led to inflation once we emerged from the pandemic?

Why couldn't you keep your big, fat, fucking, loser mouth shut?
 
Lionfish said:
Cling to that belief all through the midterms.
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I'd take Biden's inflation any day of the week over the recession yours and Trump's tax cuts caused before COVID struck.

Yeah, there's inflation, but with Conservatism, you get a recession.

I'd prefer 7% inflation to a recession any day of the week, particularly when we're inching towards full employment by the late summer.

My stocks and mutual funds aren't losing their value during inflation like they did during the recession you and Trump gave us because your policies always, always, always fail.
 
LV426 said:
I'd take Biden's inflation any day of the week over the recession yours and Trump's tax cuts caused before COVID struck.

Yeah, there's inflation, but with Conservatism, you get a recession.

I'd prefer 7% inflation to a recession any day of the week, particularly when we're inching towards full employment by the late summer.

My stocks and mutual funds aren't losing their value during inflation like they did during the recession you and Trump gave us because your policies always, always, always fail.
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Laugh as you fill the tank of your pickup truck or shop for groceries.
 
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