Policy question: Inflation

Into the Night said:
Blatant lie. The government does not drill for oil. Biden (acting for The Oligarchy) banned a lot of drilling activity and banned pipeline extensions.
Click to expand...
The govt does not drill for oil, oil companies do and they have thousands of sites to do so. Those oil companies have produced more oil under Biden than under any president in history.
 
ThatOwlWoman said:
Yep. Corporations make business decisions based on a lot of factors, including market conditions, supply/demand, available workers, etc. There is very little that any POTUS can do to force them into whatever action they want them to take. That takes legislation.
Click to expand...
It takea a lot more than legislation. Oil companies drill for oil when they want to and not before, nothing a president says is going to make them drill for oil.
 
Math for dummies. 19% is not almost 30 %. Surprisingly I learned that in first grade. Are you familiar with dividends? Probably not.
 
Walt said:
It is always a bad sign when a poster cannot post straight text, but has to post words in a picture.

Total inflation for Biden has been just a hair under 20%. The S&P 500 has risen by 44% for Biden.
Click to expand...

Sell that to the families who could have had a 2+% mortgage rate under Trump and now it is 6.30 and as for your inflation numbers, ask yourself why the core inflation rate leaves out food and energy prices.
As for the S&P, the dems tell us all that only the "rich" invest in the stock market.
 
Lionfish said:
Sell that to the families who could have had a 2+% mortgage rate under Trump and now it is 6.30
Click to expand...
Obama got mortgage rates unbelievably low, more by accident than by design. We were dealing with deflation, and the way to combat inflation is to print money. The way to [figuratively] print money is with low interest rates.

Because of trump, and Biden's actions, that ended. Now interest rates are more normal. If you are a borrower, that is not as good, but if you are a lender, that is much better.
Lionfish said:
as for your inflation numbers, ask yourself why the core inflation rate leaves out food and energy prices.
Click to expand...
Because it is very variable, and does not reflect real inflation as well. That being said, headline inflation rates do not leave out food and energy, so if you do not want to leave out food and energy prices, you do not have to.

The Federal Reserve is going to exclude prices changes that are probably not caused by inflation/deflation. Monetary policy is not going to fix a bad potato harvest. If they are wrong to do so, then it shows up in their modified inflation rate anyway, but just a little later. If oil prices are high, that drives up everything that oil products are used to deliver.

Lionfish said:
As for the S&P, the dems tell us all that only the "rich" invest in the stock market.
Click to expand...
I have never heard the Democrats say that.
 
You must log in or register to reply here.
Back
Top