A Growing Problem

[Jolly]

Isn't much of the interest rate hike Biden's fault?

[LuFins Dad]

@Jolly said in A Growing Problem:

Isn't much of the interest rate hike Biden's fault?

And Donald “let’s send out more checks!” Trump as well…

[Jolly]

I said "much".

But Biden chunked out a good deal more than Trump.

[Doctor Phibes]

@Jolly said in A Growing Problem:

Isn't much of the interest rate hike Biden's fault?

High inflation is a global problem, fairly clearly caused by the pandemic and other issues such as Ukraine.

And the US housing problem is a long-term one, which has been building for decades.

Also, I would humbly suggest that electing a real-estate mogul to lead the country is not a very smart thing to do if you want to drive down housing and rental costs. Call me cynical if you will, but I suspect there may be just the slightest conflict of interest.

[LuFins Dad]

@Jolly said in A Growing Problem:

I said "much".

But Biden chunked out a good deal more than Trump.

You are incorrect.

[Jolly]

Correct me.

[Renauda]

@Doctor-Phibes

High inflation is a global problem, fairly clearly caused by the pandemic and other issues such as Ukraine.

That fact doesn’t fit the narrative of the common folk.

[Jolly]

Yes, we're too dumb.

[Renauda]

@Jolly

So you keep saying.

[Jolly]

I'm just parroting the party line.

[Renauda]

@Jolly

You don’t say.

Polly want a cracker?

[Doctor Phibes]

@Jolly said in A Growing Problem:

Yes, we're too dumb.

No, I never said that. I would suggest that the writer of that article must think his readers are pretty dumb if he expected them to accept his conclusions.

[Jolly]

@Renauda said in A Growing Problem:

@Jolly

You don’t say.

Polly want a cracker?

Nah, you brought her, you crack her.

[Jolly]

@Doctor-Phibes said in A Growing Problem:

@Jolly said in A Growing Problem:

Yes, we're too dumb.

No, I never said that. I would suggest that the writer of that article must think his readers are pretty dumb if he expected them to accept his conclusions.

Here are his conclusions:

So, what can be done? For starters, punting Biden and the profligate Democrats from power in Washington is a must. To bring down overall inflation and interest rates, America simply must get real about exorbitant federal borrowing and spending. In this regard, many establishment Republicans deserve enormous blame as well, and should be primaried into 2024, especially those who supported Biden’s albatross Omnibus package passed in the waning hours of the last Democrat-controlled Congress in 2022.

In addition, at the state and local level, governments needs to better accommodate new construction of housing stock. Stifling regulations often make building an onerous, time-consuming, and expensive process, especially in liberal jurisdictions. Such unnecessary hurdles practically force builders to focus on only high-end projects, given the economics of permitting and zoning.

[Jolly]

Now, being just a dumb country boy, I interpret that to mean for government spend less, decrease debt and overhaul regulations that needlessly add to building costs for single family homes.

Stupid, isn't it?

[LuFins Dad]

Biden’s not great, but Trump and his Democrat controlled Congress gave away more free money by far between the Stimuli and the PPE Grants.

[Horace]

It is not difficult to imagine Trump buying votes and enjoying seeing his name on them.

[LuFins Dad]

Let’s not forget that Biden’s one stimulus check was one that Trump proposed late in the campaign…If Trump would have won, it still would have happened.

[Jon]

@Jolly said in A Growing Problem:

Isn't much of the interest rate hike Biden's fault?

Substantially all of the inflation was created in 6 weeks on Trump’s watch by Trump’s appointee. Like Professor Friedman worked out in 1959, there was an 18 month lag between the money supply shock and the subsequent inflation surge.

[Copper]

It is a mildly interesting coincidence that there is also an 18 month lag between when Hunter Biden used his father as leverage while negotiating a six-figure business deal with a Chinese associate and the Leak at Wuhan.