Biden's plan to make inflation worse

archives said:
You mean the same controls that worked during WWII, Korean War, Vietnam War, and successfully in Europe and even China during crisis situations?

Largely, no, too many wacko conservatives who swallow the “freedom” crap today, if they can’t get their Walmart products at the price they want to pay it violates their “freedom,” it ain’t worth the bitching
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Yeah, no. We learned it's a fail idea in the 70s when America was in a similar situation as now; Brought on by the president then, just as it is now.
 
Into the Night said:
No, from the Democrats. Fox doesn't write bills.

It's all of it, plus much more.

It could certainly turn into that.

Price controls on fuel.

Price controls never work. They always cause shortages.

Price controls is the actual plan. It will make matters worse.
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And to respond accordingly:

No, no one mentioned anything about "bills," and what Fox does is reframe and demogogue the hell out of it

If you watch Fox

And so could the next time someone tries to negate an election, you don't seem too worried over that reality

Never stated

Did in WWII, Korean War, Vietnam War, during Nixon, and in the EU and China

If
 
archives said:
Another apocalyptic piece from Fox, what a surprise, if ain’t inflation, it’s crime, the border, CRT, or whatever current issue can be reframed as armageddon.

Irony here is that the authors never actually state what the “Biden plan” is that they they think is going to make matters worse. A lot of cherry picked statements and paraphrasing implying this or that, but nothing resembling the actual plan they imply is the end of us all
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the OP details his new specific plans that will make things worse and why.
 
Matt Dillon said:
Yeah, no. We learned it's a fail idea in the 70s when America was in a similar situation as now; Brought on by the president then, just as it is now.
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Largely cause we moved to a consumer economy, as I said, persons as yourself would cry "freedom" if you couldn't get your Walmart goodies
 
Celticguy said:
the OP details his new specific plans that will make things worse and why.
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Wrong, no proposals or defined plans are anywhere in the topic post, just a lot of "Biden said this" "Biden said that," as I noted, lot of cherry picked statements and paraphrasing implying this or that, but nothing resembling the actual plan they imply is the end of us all
 
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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When the economy turns around in a couple of months, and it will, are you going to credit Joe or find some way to say it was trump who laid the way?

LOL - I think we all know the answer, my friend!
 
archives said:
Another apocalyptic piece from Fox, what a surprise, if ain’t inflation, it’s crime, the border, CRT, or whatever current issue can be reframed as armageddon.

Irony here is that the authors never actually state what the “Biden plan” is that they they think is going to make matters worse. A lot of cherry picked statements and paraphrasing implying this or that, but nothing resembling the actual plan they imply is the end of us all
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So, here's the situation. Fear. Repukes know how unpopular they are, especially after these two recent shootings. The economy will cycle back.

The Repukes are scared so they're trying to gaslight and throw up flairs in an attempt to distract. It's not going to work

And also, we're taking their fucking guns, the bitches.
 
LurchAddams said:
When the economy turns around in a couple of months, and it will, are you going to credit Joe or find some way to say it was trump who laid the way?

LOL - I think we all know the answer, my friend!
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Upon what factors do you think that's likely to happen?

IMO, we're staring down the barrel at "The Greater Depression".

What makes you think anything's going to turn around?
 
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LurchAddams said:
When the economy turns around in a couple of months, and it will, are you going to credit Joe or find some way to say it was trump who laid the way?

LOL - I think we all know the answer, my friend!
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wishful thinking. we are still in an inflationary mode. chances are a recession is down the road.
The Trump good times were squashed by the animated corpse occupying the WH
 
Matt Dillon said:
Upon what factors do you think that's likely to happen?

IMO, we're staring down the barrel at "The Greater Depression".

What makes you think anything's going to turn around?
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The summer travel season is now upon us. I took my bro to the airport a few days ago and had to find a sneaky way to drop him off, it was so crowded.

Summer also means people are buying cars. I used to sell them.. believe me, the car buyers come out in the summer.

The boat and RV markets are on a positive trend as far as new owners. And the summer's not even here yet.

So there you go, pal. Its going to get better. It always does and neither donny or joe have anything to with it. It's the world market that drives the economy, my friends, not a president.
 
dukkha said:
wishful thinking. we are still in an inflationary mode. chances are a recession is down the road.
The Trump good times were squashed by the animated corpse occupying the WH
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Realistic thinking. Like most people, I know more than you.
 
archives said:
Wrong, no proposals or defined plans are anywhere in the topic post, just a lot of "Biden said this" "Biden said that," as I noted, lot of cherry picked statements and paraphrasing implying this or that, but nothing resembling the actual plan they imply is the end of us all
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Biden's remarks were on a single page so detail is relative.

Price controls - always fail
Higher taxes - get passed along to the consumer
More spending on green - at the very best takes years to see any impact and in the case of green more like decades if ever besides, wasteful spending CAUSED the inflation spiral
 
Matt Dillon said:
Yeah, no. We learned it's a fail idea in the 70s when America was in a similar situation as now; Brought on by the president then, just as it is now.
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It unfortunately will be far worse this time.

The difference is that there are ALREADY a lot of shortages, most caused by the Church of Covid and various Biden edicts.
Mail order wasn't as prevalent then as it is today. Amazon has to ship that stuff too, both in and out of their many warehouses. Amazon has never faced this kind of threat to it's shipping.

With limited fuel Amazon will find it difficult to ship product. There are not enough truckers as it is, and there is STILL the problem of stuff shipping from ports.

The pressure causing uncontrolled deflation will increase immensely as the economy stalls. The federal government will be forced into another round of quantitative easing to try to inflate their way of their predicament, quite possibly triggering uncontrolled inflation or even hyperinflation. Confidence in the dollar is already falling. People are already looking around for another currency.
 
archives said:
And to respond accordingly:

No, no one mentioned anything about "bills,"
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I did, and so did Congress.
archives said:
and what Fox does is reframe and demogogue the hell out of it
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Fox is not Congress.
archives said:
If you watch Fox
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I don't.
archives said:
And so could the next time someone tries to negate an election, you don't seem too worried over that reality
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You haven't been reading my posts then.
archives said:
Never stated

Did in WWII, Korean War, Vietnam War, during Nixon, and in the EU and China
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Price controls are not wars or people.
Price controls never work. They always cause shortages.
Naming random events and people doesn't change that.
 
archives said:
Wrong, no proposals or defined plans are anywhere in the topic post, just a lot of "Biden said this" "Biden said that," as I noted, lot of cherry picked statements and paraphrasing implying this or that, but nothing resembling the actual plan they imply is the end of us all
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Biden said that during a televised statement to MSNBC and CNN.
 
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