It's 100% Biden's Inflation

[LV426]

Sure sounds like Trump throttled up production to me.

OK, let's pick this apart to show how stupid it is...

According to EIA.Gov...

In January 2009, when Obama was inaugurated, the US was producing 5.1M barrels of oil a day.

In January 2013, when Obama's second term started, the US was producing 7.1M barrels of oil a day, which would be a 39% increase

In January 2017, when Obama left office, the US was producing 8.9M barrels of oil a day, which would be a 75% increase since 2009 and a 25% increase from 2013

In January 2021, when Drumpf left office, the US was producing 11.1M barrels of oil a day, which would be a 25% increase in production from 2017.

So if Drumpf "throttled up production", then Obama did it better.

And before you say "Trump throttled it up to 12.9M barrels a day" did he also throttle it BACK to 9.7M barrels a day 5 months later?

Or do Presidents have nothing to do with oil production?

See, you can't give credit to Trump for "throttling up production" without also giving him credit for ratcheting that production back.

How does that plate of shit taste?

 

[Matt Dillon]

OK, let's pick this apart to show how stupid it is...

According to EIA.Gov...

In January 2009, when Obama was inaugurated, the US was producing 5.1M barrels of oil a day.

In January 2013, when Obama's second term started, the US was producing 7.1M barrels of oil a day, which would be a 39% increase

In January 2017, when Trump took office, the US was producing 8.9M barrels of oil a day, which would be a 75% increase since 2009 and a 25% increase from 2013

In January 2021, when Trump left office, the US was producing 11.1M barrels of oil a day, which would be a 25% increase in production from 2017.

So if Trump "throttled up production", then Obama did it better.

The key figure is the amount of oil being pumped, boy. Not percentages compared to previous amounts.

I think you're trying to be intentionally disingenuous.

Obama 8.9 million

Trump 11.1 million

Trump wins!

 

[Nordberg]

You left out Mussolini's Fascism for some reason. Why did you do that? Could it be because he was the one and only fascist ever and Fascism died with him in the 1940s?

(which puts a YUGE dent in your claim that Trump is a fascist)

Trump followed Mussolini's blueprint. The comparisons are scary.

 

[danielpalos]

Solving for inflation requires legislative command and control.

 

[Matt Dillon]

Trump followed Mussolini's blueprint. The comparisons are scary.

So you can illustrate them, correct?

 

[Into the Night]

I would rather have Biden inflation over Trump fascism.

Trump is not a socialist. Fascism is a form of socialism...Democrats.

 

[Into the Night]

To recap:

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

He didn't...and he doesn't.

The trump virus shuts down the world, as economies shrink.

Trump did not create covid19 or any other virus, and cannot control covid19 or any other virus.
Trump did not shut down the economy. DEMOCRATS did, starting a depression that has so far lasted three years, though it looks as if some States are coming out of it (the ones that refused to stay locked down).

Of course, Amazon/Walmart did extremely well as people shopped from home for lack of any other entertainment.

Amazon did okay, but Walmart did horribly, due to lock downs by DEMOCRATS.

trump is ousted from office by and adult, and Biden's economy takes off.

Inflation is not an economy 'taking off'. Inflation is not profit.

Meanwhile, trump created serious supply chain issues

Nope. DEMOCRATS did, by closing ports, reducing available energy for trucks, trains and aircraft (as a result of rising fuel prices), and generally fucking up markets via fascism.

that predated his eponymous pandemic.

Trump does not own, did not create, and does not control any virus.

How easy to forget that the price of all appliances jumped after Xi kicked trump's ass in the tariff war.

He didn't. Appliances are, by and large, made in the States. Products by Maytag, Kenmore, Whirlpool, and GE are all made in the States.

6 month waits for appliances became the norm.

Nope. You can go buy a new washer and dryer right off the floor at Lowes or Home Depot today.

But it's 'Bidens' fault.

The inflation and shortages ARE Biden's fault. It is also the DEMOCRATS fault. DEMOCRATS closed the ports. DEMOCRATS reduced oil supplies in the States raising fuel prices. DEMOCRATS shut down the economy, and a lot of manufacturers with it.

You can't make this shit up.

No. You own it. DEMOCRATS own it. Biden owns it.

 

[Into the Night]

The far left loons’ default position is to scream Fascism.

You are correct, real Fascism died in the middle 40’s,

No, it didn't. Fascism and communism exist in every nation today, right along with capitalism.

Fascism is government manipulation of markets.
Communism is government ownership of markets.
Capitalism is open markets.

Fascism and communism are theft of wealth. The can only exist where capitalism exists, since they must have someplace to steal wealth from.

Even during the Nazi regime in Germany, or during Mussolini's regime in Italy, their theft of wealth was only possible because others were creating it through capitalism.

Germany funded it's war effort by stealing the wealth of nations conquered. So did Italy, but it was not as successful as Germany in conquering nations.
Eventually, of course, nations allied together to defend themselves from these bastards.

In the States, the same thing is beginning to happen. People are allying together to stop this theft and the tyranny by the Democrats.

 

[McRocket]

We haven't had QE for 8 years.

QE ended 6 years before COVID, 2 years before Trump was even elected.

100% wrong.

'Building on the lessons of the Great Recession, the Fed relaunched quantitative easing in response to the economic crisis caused by the Covid-19 pandemic. Policymakers announced plans for QE in March 2020—but without a dollar or time limit.'
https://www.forbes.com/advisor/investing/quantitative-easing-qe/

https://fred.stlouisfed.org/graph/?graph_id=915905


You were saying that 'We haven't had QE for 8 years.'?

 

[Into the Night]

Fascism is alive and well and was on display at the Capitol on 1/6.

Speaking of 1/6, how come you weren't there that day?

Don't you believe the 2020 election was stolen?

A protest isn't fascism, dumbass.
There was no election in 2020. The election faulted due to election fraud by Democrats.

 

[Into the Night]

Inequality can never help solve inflation. The Judicature should never condone unequal protection of the Laws.

Capitalism is equal opportunity. Anyone can play.

 

[Into the Night]

OK, let's pick this apart to show how stupid it is...

According to EIA.Gov...

In January 2009, when Obama was inaugurated, the US was producing 5.1M barrels of oil a day.

In January 2013, when Obama's second term started, the US was producing 7.1M barrels of oil a day, which would be a 39% increase

In January 2017, when Obama left office, the US was producing 8.9M barrels of oil a day, which would be a 75% increase since 2009 and a 25% increase from 2013

In January 2021, when Drumpf left office, the US was producing 11.1M barrels of oil a day, which would be a 25% increase in production from 2017.

So if Drumpf "throttled up production", then Obama did it better.

And before you say "Trump throttled it up to 12.9M barrels a day" did he also throttle it BACK to 9.7M barrels a day 5 months later?

Or do Presidents have nothing to do with oil production?

See, you can't give credit to Trump for "throttling up production" without also giving him credit for ratcheting that production back.

How does that plate of shit taste?

Presidents don't produce oil.

But Biden sure interfered with producing it.

 

[Into the Night]

Trump followed Mussolini's blueprint. The comparisons are scary.

Trump is not a socialist. Mussolini is dead. There is no 'blueprint'.

Fascism is a form of socialism...DEMOCRATS.

 

[Into the Night]

Solving for inflation requires legislative command and control.

Legislative command and control directed the Fed to print money faster than wealth being created due to capitalism. It GAVE US inflation, dope.

 

[Into the Night]

100% wrong.

'Building on the lessons of the Great Recession, the Fed relaunched quantitative easing in response to the economic crisis caused by the Covid-19 pandemic. Policymakers announced plans for QE in March 2020—but without a dollar or time limit.'
https://www.forbes.com/advisor/investing/quantitative-easing-qe/

https://fred.stlouisfed.org/graph/?graph_id=915905


You were saying that 'We haven't had QE for 8 years.'?

Congress. They control the Fed. They created it. They control it. They could destroy it, but they won't.

QE is just another word for INFLATION.

 

[danielpalos]

Capitalism is equal opportunity. Anyone can play.

Why do you believe that? Under Capitalism, capital is required to play.

 

[danielpalos]

Legislative command and control directed the Fed to print money faster than wealth being created due to capitalism. It GAVE US inflation, dope.

How many public policies had a fiscal multiplier of 2 or more?

All laws of a general nature shall have uniform operation.

 

[Taichiliberal]

REALITY CHECK FOR OUR WILLFULLY IGNORANT DUMP TRUCKS:


“Thanks to the insane tax-and-spending spree of President Joe Biden and Democrats in Washington, we are seeing six straight months of raging inflation.” - Sen. Rick Scott (R-Fla)

MOSTLY FALSE!


https://api.politifact.com/factchec...joe-biden-inflation-most-government-spending/

Funny how our resident right wing wonks just pretend the preceding doesn't exist.

 

[gemini104104]

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

FOOD INFLATION TO DECLINE IN 2022, IF CORONAVIRUS COOPERATES
Food prices surged by 6.3% during 2021, nearly three times the usual rate of annual increase, but food inflation is expected to decrease this year, said the American Enterprise Institute on Tuesday.

Retail prices for beef and pork “show signs of weakening,” and many commodity prices are forecast to decline late this year following large global harvests, said an AEI paper.

“Much uncertainty remains because of the potential for further disruptions associated with the COVID-19 pandemic,” said the paper, written by economists Joe Glauber and Vince Smith.

Like other analysts, they said food prices spiked in 2021 due to supply chain disruptions and labor shortages.

Reversion to the long-term food inflation rate of 2% to 3% “will depend more on how well the supply chain recovers from COVID-19 and whether the overall rate of price increases in energy and labor markets moderates in 2022,” the economists said.

“While the food CPI accounts for just 14% of the overall CPI, like gasoline prices, food prices are highly visible indicators of inflation for many households, especially those with moderate and low incomes.”
https://www.agriculture.com/news/bu...-to-decline-in-2022-if-coronavirus-cooperates

5 Ways the Trump Administration’s Policy Failures Compounded the Coronavirus-Induced Economic Crisis
The Trump administration’s failure to respond to the coronavirus pandemic and the subsequent economic fallout has exacerbated both crises in the United States.

The weakness of the Trump administration’s economic response to the coronavirus crisis—much like the failure of its public health response—can be seen in comparison with the United States’ international peers. As demonstrated by the experiences of peer nations, a rapid and coordinated public health response could have contained the pandemic more effectively and reduced the mounting economic losses. Instead, it seems as though the United States is getting the worst of both: the highest death toll of any country and what will likely be the sharpest economic contraction in American history."
https://www.americanprogress.org/ar...mpounded-coronavirus-induced-economic-crisis/

 

[McRocket]

FOOD INFLATION TO DECLINE IN 2022, IF CORONAVIRUS COOPERATES
Food prices surged by 6.3% during 2021, nearly three times the usual rate of annual increase, but food inflation is expected to decrease this year, said the American Enterprise Institute on Tuesday.

Retail prices for beef and pork “show signs of weakening,” and many commodity prices are forecast to decline late this year following large global harvests, said an AEI paper.

“Much uncertainty remains because of the potential for further disruptions associated with the COVID-19 pandemic,” said the paper, written by economists Joe Glauber and Vince Smith.

Like other analysts, they said food prices spiked in 2021 due to supply chain disruptions and labor shortages.

Reversion to the long-term food inflation rate of 2% to 3% “will depend more on how well the supply chain recovers from COVID-19 and whether the overall rate of price increases in energy and labor markets moderates in 2022,” the economists said.

“While the food CPI accounts for just 14% of the overall CPI, like gasoline prices, food prices are highly visible indicators of inflation for many households, especially those with moderate and low incomes.”
https://www.agriculture.com/news/bu...-to-decline-in-2022-if-coronavirus-cooperates

5 Ways the Trump Administration’s Policy Failures Compounded the Coronavirus-Induced Economic Crisis
The Trump administration’s failure to respond to the coronavirus pandemic and the subsequent economic fallout has exacerbated both crises in the United States.

The weakness of the Trump administration’s economic response to the coronavirus crisis—much like the failure of its public health response—can be seen in comparison with the United States’ international peers. As demonstrated by the experiences of peer nations, a rapid and coordinated public health response could have contained the pandemic more effectively and reduced the mounting economic losses. Instead, it seems as though the United States is getting the worst of both: the highest death toll of any country and what will likely be the sharpest economic contraction in American history."
https://www.americanprogress.org/ar...mpounded-coronavirus-induced-economic-crisis/

The source is extremely biased and a well known, liberal think tank.

The organization was headed by Neera Tanden for ten years until 2021...when she left to become a senior advisor for Biden.

After Trump's election in 2016:
'After the 2016 election and Clinton's loss, Tanden refocused the work of the Center for American Progress, aiming to have the think tank, and especially its advocacy arm (the Center for American Progress Action Fund), serve as a "central hub for Trump resistance"[36] as well as playing a leading role in shaping the healthcare debate within the Democratic Party'
https://en.wikipedia.org/wiki/Neera_Tanden#Center_for_American_Progress

'Looking to build itself into a nerve center for the anti-Donald Trump resistance, the liberal Center for American Progress think tank...'
https://www.politico.com/story/2016/12/center-american-progress-tanden-trump-232667

Trump is a manchild and was a lousy POTUS (just as Biden is a lousy POTUS - but in somewhat, different ways).

But posting this 'paper' and pretending it is anything but pro-left propaganda is rather laughable.

Good day.