Biden's plan to make inflation worse

gemini104104 said:
Apparently, you suffer from a severe case of selective memory and stupidity
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No, that's you and the Democrats. Inversion fallacy.
gemini104104 said:
at failing to realize tRump's economic atrocities
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What atrocities?
gemini104104 said:
did not suddenly end upon giving him and his team of dirt bags the boot, but the effects of tRump's economic atrocities ended up on President Biden's lap to deal with:
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What atrocities?
gemini104104 said:
Biden is inheriting a wrecked economy, but Democrats have a record of avoiding recession and reducing unemployment
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Democrats and Biden are the ones that wrecked the economy. Democrats are the ones that shut down the economy before Biden was even installed.
gemini104104 said:
On day one, President Joe Biden will have to manage a devastated economy – much as he and former President Barack Obama did 12 years ago.
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I will call this argument 1. Look at your own statement. DEMOCRATS HAVE TO MANAGED A DEVASTATED ECONOMY. They devastate economies.
gemini104104 said:
What can the country expect?
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As long as The Oligarchy remains in power, more of the same.
gemini104104 said:
Forecasting how the economy will perform under a new president is generally a fool’s errand.
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What president?
gemini104104 said:
How much or how little credit the person in the White House deserves for the health of the economy is a matter of debate,
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I will call this argument 2. You are now locked in another Paradox. You are being irrational. You cannot argue both sides of a paradox.
gemini104104 said:
and no economist can confidently predict how the president’s policies will play out – if they even go into effect – or what challenges might emerge.
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What president?
gemini104104 said:
Regardless, voters tend to believe it makes a difference. And going into the election, 79% of registered voters – and 88% of Donald Trump supporters – said the economy was their top concern. Given that, historical data suggests that those who are concerned with the economy have reason to be fairly satisfied with the election results: The economy generally fares better under Democratic presidents."
...deleted Holy Link to Ministry of Truth Propaganda...
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Haven't seen it yet.
There was no election in 2020.
 
Walt said:
Every history and economics book agrees that the Great Depression was triggered by deflation...
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Omniscience fallacy. You don't get to quote every book ever written. A book is not a proof. You are attempting to change history.
The depression started with the creation of the Federal Reserve and by war (eventually causing the stock market crash of '29). It continued with the revaluation of gold (causing inflation of 150% almost overnight), and later the theft of gold by the government. It stayed until almost 1947, due to constant interference by the government under FDR (who is the one that revalued gold and later stole it from the people, issuing fiat funny money in it's place, an unconstitutional act).
Walt said:
But then again, you claim to know better that insulation is impossible,
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Word stuffing. I never said this. Quit repeating this lie.
Walt said:
so either you are the greatest genius the world has ever known, or an absolute fool.
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That would be you. It is YOU that is denying history. It is YOU that is making shit up. It is YOU that is attempting to conduct a proof by omniscience and false authority fallacy. Inversion fallacy.
 
Walt said:
Every history and economics book agrees that the Great Depression was triggered by deflation...
Click to expand...
Omniscience fallacy. You don't get to quote every book ever written. A book is not a proof. You are attempting to change history.
The depression started with the creation of the Federal Reserve and by war (eventually causing the stock market crash of '29). It continued with the revaluation of gold (causing inflation of 150% almost overnight), and later the theft of gold by the government. It stayed until almost 1947, due to constant interference by the government under FDR (who is the one that revalued gold and later stole it from the people, issuing fiat funny money in it's place, an unconstitutional act).
Walt said:
But then again, you claim to know better that insulation is impossible,
Click to expand...
Word stuffing. I never said this. Quit repeating this lie.
Walt said:
so either you are the greatest genius the world has ever known, or an absolute fool.
Click to expand...
That would be you. It is YOU that is denying history. It is YOU that is making shit up. It is YOU that is attempting to conduct a proof by omniscience and false authority fallacy. Inversion fallacy.
 
gemini104104 said:
Apparently, you suffer from a severe case of selective memory and stupidity at failing to realize tRump's economic atrocities did not suddenly end upon giving him and his team of dirt bags the boot, but the effects of tRump's economic atrocities ended up on President Biden's lap to deal with:

Biden is inheriting a wrecked economy, but Democrats have a record of avoiding recession and reducing unemployment

On day one, President Joe Biden will have to manage a devastated economy – much as he and former President Barack Obama did 12 years ago.

What can the country expect?

Forecasting how the economy will perform under a new president is generally a fool’s errand. How much or how little credit the person in the White House deserves for the health of the economy is a matter of debate, and no economist can confidently predict how the president’s policies will play out – if they even go into effect – or what challenges might emerge.

Regardless, voters tend to believe it makes a difference. And going into the election, 79% of registered voters – and 88% of Donald Trump supporters – said the economy was their top concern. Given that, historical data suggests that those who are concerned with the economy have reason to be fairly satisfied with the election results: The economy generally fares better under Democratic presidents."

https://theconversation.com/biden-i...ng-recession-and-reducing-unemployment-153106
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you are so fucking ignorant, if Biden had changed nothing I would be up 200k in stocks instead of -200k. I would love to meet you person so I could knock your teeth dumbass
 
[URL="https://radaronline.com/"]PRESIDENT BIDEN'S BID TO UNITE WESTERN HEMISPHERE IN JEOPARDY AFTER MEXICO'S PRESIDENT BOYCOTTS SUMMIT[/URL]

President Joe Biden’s Summit of the Americas is in serious jeopardy after Mexico’s president announced he will not be attending, Radar has learned.

The Summit of the Americas, which started on Monday and was meant to reaffirm the ties between the United States and its Western Hemisphere neighbors, is reportedly in serious trouble after Mexican President Andrés Manuel López Obrador announced he will be skipping the summit altogether, according to Politico.
 
Frank Apisa said:
Thank the gods we have him rather than more of that disgusting hunk of useless, classless, ignorant flesh, Trump.
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just shows you're a fucking idiot as everyone with a 401k is hating that dementia carrying motherfucker. Sad thing the next one in line is worse and the one behind her is even worse. Just shows how ignorant society has become
 
Stringfellow Hawk said:
just shows you're a fucking idiot as everyone with a 401k is hating that dementia carrying motherfucker. Sad thing the next one in line is worse and the one behind her is even worse. Just shows how ignorant society has become
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There is an indicator of just how ignorant our society has become...but it is not what you suppose. The indicator of just how ignorant our society has become is the number of people who are American conservatives, the stooges of American society.
 
Earl said:
Biden/Kam are harming Americans.
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Were Americans harmed when Trump put millions of them out of work, and the stock market all but crashed, erasing billions of IRA/401K funds. Or maybe he harmed them when thousands of businesses went bankrupt?
 
Stringfellow Hawk said:
President Joe Biden has had the inflation story entirely wrong from the beginning. So it’s no surprise that his latest plan to combat gas prices that hit six dollars per gallon in some markets, unprecedented supply chain disruptions, and an overall inflation rate near eight percent won’t work.

This Biden inflation odyssey (prices were rising less than two percent when Trump left office) has now lasted fifteen months. First we were told there was no inflation, then it was transitory, then it would only hurt the rich.

On Tuesday in the Wall Street Journal Biden finally admitted that "Americans are feeling anxious" about rising prices – the understatement of the year – and then blames the "turmoil," on global factors all beyond his control. He points the finger at Putin’s invasion of Ukraine, the Federal Reserve Board, and greedy meat producers, drug companies, and energy CEOs.

He even claimed that the economy was slowing down when he entered office when in fact the new vaccine was just hitting the market and a grand reopening of the economy was just beginning.

The president noted that Americans have better pay, but fails to mention that real wages have declined more than four percent on his watch. Savings have plummeted 79 percent and consumer debt is exploding as people turn to credit cards to make it from paycheck to paycheck.

People are demonstrably poorly now compared to January 2021 as their paychecks can’t keep pace with rising prices. For essentials like food, energy, transportation and housing the real inflation rate is well over 20 percent in the CPI numbers.

What is most demoralizing is the Biden inflation prescription laid out in the WSJ.

Biden’s call for price controls is equally misguided because every time we have tried this – most recently under Jimmy Carter – prices stayed high, but shortages exacerbated the price spikes. Biden writes that "I know that feeling" of higher energy prices, but doesn’t he remember that price controls gave the nation gas lines and rationing?

He also calls for higher taxes on the rich, on energy companies, and other businesses. How does this lower prices? If you tax the production of business goods and services you will get less of them – which means higher prices.

Finally, Biden wants more spending on green energy, more on infrastructure spending (we just passed a $1.1 trillion bill for public works), and on one million housing units. Now the government is going to be the nation’s largest landlord?

In other words, Biden is merely making yet another pitch for his multi-trillion dollar Build Back Better plan. It’s called doubling down on his failed progressive policies that lit the forest fire of inflation in the first place.


The last line in his WSJ piece is an almost insulting claim that he wants an "open and honest debate" with Republicans and independents to solve the economic crisis. Where? When?

There is no pivot to the sensible middle. There isn’t an apology or any acknowledgement that his policies are risking a crash of the economy. November can’t get here soon enough.

https://www.foxbusiness.com/politics/biden-inflation-prices-wages-government-spending


Summary: Biden is a steaming pile of shit and unfit for the office the left wing pieces of shit put him in.
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Indeed.
 
floridafan said:
Were Americans harmed when Trump put millions of them out of work, and the stock market all but crashed, erasing billions of IRA/401K funds. Or maybe he harmed them when thousands of businesses went bankrupt?
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Remember the Chinese virus?
 
Earl said:
Remember the Chinese virus?
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Would that be the same virus that Donald lied about from day 1, all but making everything much worse than it could have been. The same virus that cause the needless deaths of over 1 million people? The same virus that you told us was no more dangerous than the common flu? The same virus that you told us had fewer deaths that the common flu? Than virus?????
 
floridafan said:
Would that be the same virus that Donald lied about from day 1, all but making everything much worse than it could have been. The same virus that cause the needless deaths of over 1 million people? The same virus that you told us was no more dangerous than the common flu? The same virus that you told us had fewer deaths that the common flu? Than virus?????
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There were more deaths from Covid in Biden’s first year than President Trump’s last year.

Biden inherited a vaccine and there were still more deaths.
 
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