The only thing surprising about this….

[Aqua Letifer]

@LuFins-Dad said in The only thing surprising about this….:

@Aqua-Letifer said in The only thing surprising about this….:

@Jolly said in The only thing surprising about this….:

@LuFins-Dad said in The only thing surprising about this….:

@Jolly said in The only thing surprising about this….:

Is Biden next?

Depends...

See what I did there?

I forgot.

Yeah. you both dislike the guy, we all get it.

Pro tip: scratching that itch in a post doesn't make it funny. If you're going to crack wise about the Guy You Don't Like, the least you can do is put some fucking effort in. This bullshit isn't even worthy of a Cathy cartoon.

I was going to follow up with a picture of a pair of wet pants and the “I Did That” sticker next to them. Would that have been better?

So that's it? We're just gonna park it here and call it good? We're gonna wear color-blind polyester, cracked loafers and post lame Biden memes written in an Impact typeface?

[Jolly]

Does this mean I can't add any Harris memes?

[Horace]

@Jolly said in The only thing surprising about this….:

Does this mean I can't add any Harris memes?

Lol

[jon-nyc]

@Jolly said in The only thing surprising about this….:

@jon-nyc said in The only thing surprising about this….:

Much of that you find ‘unarguable’ because you are immersed in fringe right wing media all day.

Okay, pick any of the points above. Which one is not true?

Let’s try inflation. There are three major causes (no particular order):

1. supply and product disruptions from Covid

2. large fiscal spending, especially ~5T for Covid with 5 major bills enacted

3. Fed printing money like crazy over the years, especially since March of 2020 (something like 80% of all dollars in existence were created since March of 2020

Reasonable people (who don’t get their news from epoch times and pj media) can assign various weightings to the above categories, or might argue there’s another that should be elevated among these three. Note all three are bigger than just the Biden presidency. Most of #2 was enacted before he was in office, as for number 3, none of the current Board of Governors are Biden appointees, and Covid obviously predates him.

[jon-nyc]

@jon-nyc said in The only thing surprising about this….:

3. Fed printing money like crazy over the years, especially since March of 2020 (something like 80% of all dollars in existence were created since March of 2020

This is a scary chart.

[Horace]

Meanwhile, precious metals still haven't done as well as the stock market.

[jon-nyc]

Crypto sure has.

[89th]

It's even scary if you chop off anything 2020 and after. (But wow, your chart)

[Jolly]

I do read PJ Media. Especially Instapundit, but I rarely venture over to Epoch, because of the paywall.

But, I digress...As a supposedly wise man once told me, if it happens on your Presidential watch, you own it. The Consolidated and American Recovery happened after Mr. Biden was elected. Mr. Biden paid people not to work and vastly increased the money supply. I suspect, but do not know, that even after his inflationary measures started to take effect, he has still leaned on the Fed to supply cheap money.

Now, I'm no economic expert like you, I'm just a dumb ol' country boy, but can you explain to me how increasing a fiat money supply, paying people not to work, firing people who won't take a vaccine that doesn't work, purposefully jacking energy prices through the roof, advocating artificially low interest rates and now stumping for more billions of dollars of COVID money helps the American economy?

I think reasonable people can ask those questions...

[jon-nyc]

Messrs Trump and Biden paid people not to work, though that’s been over for some time. Trump appointee Powell goosed the money supply.

The good news for you is that Biden reappointed him in December, so you can blame future money supply growth in Biden of you wish.

Anyway, the idea that “the man created inflation with his policies” is really an emotional opinion not a reasoned one. It’s the thing that you want to be true, and pj media and epoch times are there to give you what you want. That’s the main risk of getting your news from ideological sites.

[jon-nyc]

To your other point, for sure his presidency will be blamed for it at the polls.

[Jolly]

@jon-nyc said in The only thing surprising about this….:

Messrs Trump and Biden paid people not to work, though that’s been over for some time. Trump appointee Powell goosed the money supply.

The good news for you is that Biden reappointed him in December, so you can blame future money supply growth in Biden of you wish.

Anyway, the idea that “the man created inflation with his policies” is really an emotional opinion not a reasoned one. That’s the main risk of getting your news from fringe sites.

If it walks like a duck, quacks like a duck, etc.

[LuFins Dad]

For the next 6 months, it’s on the Dem controlled Congress.. They are the ones that passed the legislation…

[Jolly]

BTW, Fox polls notoriously lean a bit Left, as compared to Rasmussen and many others.

[jon-nyc]

Jolly if you had said “his administration will take the hit for inflation” I would have agreed with you wholeheartedly. But you said the man caused it with his policies. A very different claim.

[Jolly]

I do think he has caused it with his policies, energy chief among them.

[Mik]

Inflation was coming regardless, if it was not already there. I do think his policies made it worse. The recovery act in 2021 was unnecessarily large and may not have been necessary at all. There was a political side to it that became more important than its actual effect. I think his energy policies were intended to make gas prices rise and he got his wish.

[Horace]

Whether in office or not, he would have been fully supportive of any existing policy which has caused inflation, and many I’m sure which would have caused even more inflation. But I know we’re not supposed to believe anymore that party affiliation has anything to do with fiscal responsibility because (insert statistic here).

[Doctor Phibes]

Look at the global economy, and then look at the US economy.

You can argue Biden is responsible for the difference. Saying he created the entire global mess is giving the distinguished old chap a little too much credit.

[jon-nyc]

@Jolly said in The only thing surprising about this….:

I do think he has caused it with his policies, energy chief among them.

Most of them haven’t gone into effect (federal drilling) or wouldn’t have been contributing to production yet (keystone). I can’t offhand name any that would have had an actual material impact on supplies.

Can you?