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  3. Inflation

Inflation

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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #94

    Jon has forgotten a few things...IIRC, the first big round of quantitative easing (the Fed creating digital dollars) was done by the Obama Administration during the recession and bank crisis, trying to keep banks afloat and interest rates low. You know, banks to big to fail, and all that jazz.

    Trump's Administration saw a lot of digital dollars created. We had this little ChiCom COVID pandemic that was causing a bit of problem in the economy. I think the first stimulus was probably needed. I don't think any subsequent monies were. Regardless the Fed didn't create money at any faster rate than the European Central Bank or many other large institutions.

    And then, along came Joe...Joe dumped another stimulus bill on us, one we didn't really need. It's fun to go through that bill and look at how many disincentives there are for American people working. But hey, votes ain't cheap. And would have dumped another huge supplemental spending bill on us, except a few members of his own party balked. Couple all the spending with a disastrous energy policy...Nah, that's too kind...Couple all that with an absolutely fucking nuts energy policy that Putin and Xi must have co-written, and we have record, generation-screwing inflation.

    People ought to be working their butts off, trying to make more money to keep up with the Inflation Tiger. But they ain't. Maybe they got used to not working as hard during the lockdowns. Maybe it's because Mr. Biden's stimulus bill is paying some people enough, they don't have to work.

    Regardless, the MSM ballyhoos the Unemployment Rate. What they don't tell you is the percentage of people no longer looking for a job. If you look at our Employment Percentage Rate , it's in the low 60's, which is quite bad.

    No, The Resident put the cherry on the topping of this mess and he owns it. Maybe that's why the GOP is up 11 points over the Dems in the Generic....

    “Cry havoc and let slip the DOGE of war!”

    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

    1 Reply Last reply
    • MikM Offline
      MikM Offline
      Mik
      wrote on last edited by
      #95

      My greatest disappointment in the Trump administration is it did not tackle spending,

      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

      LuFins DadL 1 Reply Last reply
      • HoraceH Offline
        HoraceH Offline
        Horace
        wrote on last edited by Horace
        #96

        Would a Clinton administration have done a worse job of it, same, better, or impossible to know or speculate reasonably?

        (This question will go unanswered by Clinton voters.)

        Education is extremely important.

        jon-nycJ CopperC 2 Replies Last reply
        • HoraceH Horace

          Would a Clinton administration have done a worse job of it, same, better, or impossible to know or speculate reasonably?

          (This question will go unanswered by Clinton voters.)

          jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote on last edited by
          #97

          @Horace Probably would have been quite similar. I voted for Hilary 5 times.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          HoraceH JollyJ 2 Replies Last reply
          • jon-nycJ jon-nyc

            @Horace Probably would have been quite similar. I voted for Hilary 5 times.

            HoraceH Offline
            HoraceH Offline
            Horace
            wrote on last edited by
            #98

            @jon-nyc said in Inflation:

            @Horace Probably would have been quite similar. I voted for Hilary 5 times.

            Thanks jon.

            Education is extremely important.

            1 Reply Last reply
            • jon-nycJ Offline
              jon-nycJ Offline
              jon-nyc
              wrote on last edited by
              #99

              Oh, and the inflation we’re seeing now would have been quite similar had Trump not lost in a landslide.

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              LarryL 2 Replies Last reply
              • jon-nycJ jon-nyc

                @Horace Probably would have been quite similar. I voted for Hilary 5 times.

                JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #100

                @jon-nyc said in Inflation:

                @Horace Probably would have been quite similar. I voted for Hilary 5 times.

                In the same election? Vote early and vote often?

                “Cry havoc and let slip the DOGE of war!”

                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                1 Reply Last reply
                • MikM Mik

                  My greatest disappointment in the Trump administration is it did not tackle spending,

                  LuFins DadL Offline
                  LuFins DadL Offline
                  LuFins Dad
                  wrote on last edited by
                  #101

                  @Mik said in Inflation:

                  My greatest disappointment in the Trump administration is it did not tackle promulgated spending,

                  FIFY, no need to thank me.

                  https://docs.google.com/viewer?url=https%3A%2F%2Fwww.whitehouse.gov%2Fwp-content%2Fuploads%2F2021%2F05%2Fhist01z1_fy22.xlsx

                  The Brad

                  1 Reply Last reply
                  • HoraceH Horace

                    Would a Clinton administration have done a worse job of it, same, better, or impossible to know or speculate reasonably?

                    (This question will go unanswered by Clinton voters.)

                    CopperC Offline
                    CopperC Offline
                    Copper
                    wrote on last edited by Copper
                    #102

                    @Horace said in Inflation:

                    Would a Clinton administration have done a worse job of it, same, better, or impossible to know or speculate reasonably?

                    She would have invaded Ukraine long before Mr. Putin.

                    We would probably have annexed Moscow by now.

                    1 Reply Last reply
                    • jon-nycJ jon-nyc

                      Oh, and the inflation we’re seeing now would have been quite similar had Trump not lost in a landslide.

                      LarryL Offline
                      LarryL Offline
                      Larry
                      wrote on last edited by
                      #103

                      @jon-nyc said in Inflation:

                      Oh, and the inflation we’re seeing now would have been quite similar had Trump not lost in a landslide.

                      Trump didn't lose in a landslide. He didn't win, but there are several reasons for that. But to say he lost in a landslide is just plain stupid.

                      1 Reply Last reply
                      • jon-nycJ jon-nyc

                        Oh, and the inflation we’re seeing now would have been quite similar had Trump not lost in a landslide.

                        LarryL Offline
                        LarryL Offline
                        Larry
                        wrote on last edited by
                        #104

                        @jon-nyc said in Inflation:

                        Oh, and the inflation we’re seeing now would have been quite similar had Trump not lost in a landslide.

                        Oh - and had the democrats not managed to swing the votes in a few key areas just enough for the geriatric criminal who squeaked into office by the skin of his dentures, you crazy democrats would be blaming the inflation on Trump.

                        1 Reply Last reply
                        • taiwan_girlT Offline
                          taiwan_girlT Offline
                          taiwan_girl
                          wrote on last edited by
                          #105

                          In the last 60 years, the US share of the world economy has almost gone down by half - from a little over 40% to almost 20% now.

                          Obviously, still the biggest economy, but there are so many external things happening around the world (both good and bad) which will effect US inflation, etc.

                          As a famous unknown forum poster has pointed out, "the US president gets too much praise and too much blame for the economy". 😂

                          George KG 1 Reply Last reply
                          • taiwan_girlT taiwan_girl

                            In the last 60 years, the US share of the world economy has almost gone down by half - from a little over 40% to almost 20% now.

                            Obviously, still the biggest economy, but there are so many external things happening around the world (both good and bad) which will effect US inflation, etc.

                            As a famous unknown forum poster has pointed out, "the US president gets too much praise and too much blame for the economy". 😂

                            George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #106

                            @taiwan_girl said in Inflation:

                            In the last 60 years, the US share of the world economy has almost gone down by half - from a little over 40% to almost 20% now.

                            I'd guess that it was a pretty different world in 1962 than it is today.

                            I get your point, and I don't even disagree. But, I'd say that the post-war era, which probably extends at least 20 year, was a remarkably different world than we have today.

                            Oh, and China is an asshole, by the way.

                            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                            taiwan_girlT 1 Reply Last reply
                            • George KG George K

                              @taiwan_girl said in Inflation:

                              In the last 60 years, the US share of the world economy has almost gone down by half - from a little over 40% to almost 20% now.

                              I'd guess that it was a pretty different world in 1962 than it is today.

                              I get your point, and I don't even disagree. But, I'd say that the post-war era, which probably extends at least 20 year, was a remarkably different world than we have today.

                              Oh, and China is an asshole, by the way.

                              taiwan_girlT Offline
                              taiwan_girlT Offline
                              taiwan_girl
                              wrote on last edited by
                              #107

                              @George-K I agree with you.

                              But, there seems to be a "perception" that if the US economy is good, it is strictly due to the actions of the US president AT THAT MOMENT.

                              If the US economy is bad, it is strictly due to the actions of the US president AT THAT MOMENT.

                              (Of course, some of the above depends on if your side president is in power).

                              Example: 2020 was one of the worst economy years on record. President Trumps fault? Of course not. Many many things outside his control. Situation would probably have been the same if Sec. Clinton had won the president.

                              2022 Inflation. President Bidens fault? Mostly not. (Thailand is experiencing worst inflation in 17 years for example). In big picture, situation would have been similar if President Trump won election.

                              (I AM NOT SAYING THE US PRESIDENT HAS NO IMPACT ON ECONOMY, BUT I BELIEVE IT IS OVER SAID)

                              George KG 1 Reply Last reply
                              • taiwan_girlT taiwan_girl

                                @George-K I agree with you.

                                But, there seems to be a "perception" that if the US economy is good, it is strictly due to the actions of the US president AT THAT MOMENT.

                                If the US economy is bad, it is strictly due to the actions of the US president AT THAT MOMENT.

                                (Of course, some of the above depends on if your side president is in power).

                                Example: 2020 was one of the worst economy years on record. President Trumps fault? Of course not. Many many things outside his control. Situation would probably have been the same if Sec. Clinton had won the president.

                                2022 Inflation. President Bidens fault? Mostly not. (Thailand is experiencing worst inflation in 17 years for example). In big picture, situation would have been similar if President Trump won election.

                                (I AM NOT SAYING THE US PRESIDENT HAS NO IMPACT ON ECONOMY, BUT I BELIEVE IT IS OVER SAID)

                                George KG Offline
                                George KG Offline
                                George K
                                wrote on last edited by
                                #108

                                @taiwan_girl said in Inflation:

                                Example: 2020 was one of the worst economy years on record. President Trumps fault? Of course not. Many many things outside his control. Situation would probably have been the same if Sec. Clinton had won the president.

                                Trump wasn't president until January 2021.

                                2022 Inflation. President Bidens fault? Mostly not. (Thailand is experiencing worst inflation in 17 years for example). In big picture, situation would have been similar if President Trump won election.

                                US inflation is highest in 40 years.

                                (I AM NOT SAYING THE US PRESIDENT HAS NO IMPACT ON ECONOMY, BUT I BELIEVE IT IS OVER SAID)

                                Yes, it's overstated, and as @jon-nyc said, there's a correlation between the infusion of funds and inflation, with a delay of months/years.

                                But, perception is what determines elections, and since this has happened on Biden's watch, this is what voters will probably remember.

                                "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                jon-nycJ 1 Reply Last reply
                                • LuFins DadL Offline
                                  LuFins DadL Offline
                                  LuFins Dad
                                  wrote on last edited by
                                  #109

                                  The basic underpinning of the US and global economy is consumer confidence in spending, and yes, the US President has an enormous impact on that particular keystone.

                                  The Brad

                                  George KG 1 Reply Last reply
                                  • LuFins DadL LuFins Dad

                                    The basic underpinning of the US and global economy is consumer confidence in spending, and yes, the US President has an enormous impact on that particular keystone.

                                    George KG Offline
                                    George KG Offline
                                    George K
                                    wrote on last edited by
                                    #110

                                    @LuFins-Dad said in Inflation:

                                    The basic underpinning of the US and global economy is consumer confidence in spending, and yes, the US President has an enormous impact on that particular keystone.

                                    Now, just you waitaminute...

                                    Are you saying that there's not enough confidence in the president?

                                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                    1 Reply Last reply
                                    • JollyJ Offline
                                      JollyJ Offline
                                      Jolly
                                      wrote on last edited by
                                      #111

                                      By jove, I think he's got it!

                                      “Cry havoc and let slip the DOGE of war!”

                                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                      1 Reply Last reply
                                      • taiwan_girlT Offline
                                        taiwan_girlT Offline
                                        taiwan_girl
                                        wrote on last edited by
                                        #112

                                        I agree. I have said it a couple of times that the president is like a cheerleader.

                                        LarryL 1 Reply Last reply
                                        • taiwan_girlT taiwan_girl

                                          I agree. I have said it a couple of times that the president is like a cheerleader.

                                          LarryL Offline
                                          LarryL Offline
                                          Larry
                                          wrote on last edited by
                                          #113

                                          @taiwan_girl said in Inflation:

                                          I agree. I have said it a couple of times that the president is like a cheerleader.

                                          I have to admire your tenacity at hanging on to long disproven views, especially in the face of the last 12 mo tbs of example after example that utterly destroys your opinion.

                                          taiwan_girlT 1 Reply Last reply
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