Independent thinker
Diamond Member
- Oct 15, 2015
- 20,565
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Well, the Fed has said for quite a while now that they will aggressively raise interest rates to bring inflation back down to around 2%, after which they then hinted they may have to accept about 3%. Now we have had banking collapses due to the Fed's higher interest rates so now the choice is either continue raising rates to tamp down inflation, bringing us to economic catastrophe, or, accepting high inflation. Democrats have put us into a lose/lose scenario.
And, the funny part is (if you can call it funny) is Biden is talking about holding bank managers accountable for bank failures due to Democrats raising interest rates to combat Democrat's high inflation (which they once claimed was only transitory). When are Biden and others on the left going to hold themselves accountable, IE accepting responsibility for all this? Which should we be more happy with, lower inflation with banking collapse or high inflation where Americans can't afford groceries or rent?
Which do we choose? Or, should we pick door number 3, voting the bastards out?
And, the funny part is (if you can call it funny) is Biden is talking about holding bank managers accountable for bank failures due to Democrats raising interest rates to combat Democrat's high inflation (which they once claimed was only transitory). When are Biden and others on the left going to hold themselves accountable, IE accepting responsibility for all this? Which should we be more happy with, lower inflation with banking collapse or high inflation where Americans can't afford groceries or rent?
Which do we choose? Or, should we pick door number 3, voting the bastards out?