US drops to last place in economic freedom ranking under Joe Biden

[Donald H]

The fall can be attributed to republic efforts to limit voting.

It's a great question to be pondered here on this forum, but it has to include America's performance before Biden too.

 

[Papageorgio]

The 20th. position in the previous year still speaks loudly. But if it's Covid related then it's Covid related for the 19 rated better than America too.

That then makes it relative to how Trump handled Covid!
Then with Biden, conceivably no better, even if the trend was set by Trump and wasn't reversible so quickly.

Don't care, I was talking about the inflation, not the ranking.

 

[PoliticalChic]

Yeah but hon, the fall was from 20th. to 25th. and that follows the pace of all freedoms, as you will know from the link I've posted for you several times now.

Does Trump bear any responsibility for what it already was when Biden took over?

Shouldn't you be out cheering how your nation has become a dictatoship???


... you're a Marxist.

By definition an atheist and by admission, in favor of genocide and censorship.



In short.....the lowest of the low, an enemy of mankind and of civilization.



You probably hear that a lot.

 

[Delldude]

More to the point, tell me how and support it with financial evidence or any other documentation, how trumps regime directly made you better off. Because that is what you are comparing it to.
The irony is,when debating anything with republicans It's like talking to children.

What did he say?

 

[otto105]

Shouldn't you be out cheering how your nation has become a dictatoship???


... you're a Marxist.

By definition an atheist and by admission, in favor of genocide and censorship.



In short.....the lowest of the low, an enemy of mankind and of civilization.



You probably hear that a lot.

Hey ruskie, shouldn’t you be working on a cyber attack on the Ukrainian government right now?

 

[otto105]

What did he say?

Feeling of whiteness are the property of white QOP sycophants.

 

[Papageorgio]

More to the point, tell me how and support it with financial evidence or any other documentation, how trumps regime directly made you better off. Because that is what you are comparing it to.
The irony is,when debating anything with republicans It's like talking to children.

Just as Bush, Obama and Trump have little to do with the economy, Biden is in the same boat. He doesn't control the economy and can't it is a beast of it's own. Biden's biggest problem is the same as the guy before him, they want to take credit for the goods things about the economy but want to remain blameless for the troubling things about the economy.

 

[pknopp]

mostly free money, paying people to sit at home is never a good idea, we were fine until that bullshit started and continues with free child tax credits

Never mind the trillions pumped into the markets.

 

[pknopp]

And who was responsible for that? Not trump and republicans. Perish the thought. Piss off. You're becoming boringly ignorant.

Of course it was............also. Trump begged the Fed to continue pumping and the Republicans have always supported that........but you know that.

 

[pknopp]

We shut down the economy, then threw $4 trillion in government spending into the mix, stopped people from making rent or mortgage payments, gave out unemployment, tax credits, Cares money, disrupted manufacturing and broke supply chains and this is what will happen. It didn't take several years, it took a pandemic to spur this inflation, and this will be a norm for awhile, I see inflation increasing and hopefully by next year we will see the country settle back into low inflation and interest rates lowering.

We have been pumping trillions into the markets for years.

 

[Oldestyle]

How would raising rates of borrowing or decreasing the supply of money help a supply chain related inflation? A labor shortage forcing employers to increase wages?

How would tightening money supply help was we emerged from a global pandemic?

BTW consumer spending increased 3.8% in January.

It's common sense, Otto. We emerged from the global pandemic with a surplus of money (that people couldn't spend during the lockdowns) chasing a shortage of goods (that people now wanted to buy). That's a recipe for inflation. Increasing the money supply only makes that worse. Large stimulus spending programs in a time of rampant inflation is awful fiscal policy. Even a die hard liberal economist like Larry Summers knows that, Otto! He's been warning that the Biden Administration's economic policies are dangerous.

The better question to ask is WHY we have a labor shortage! Why are employers being forced to pay much more in wages? I can't think of too many things that are more inflationary than a $15 an hour minimum wage. That WILL be passed along to consumers as higher prices.

 

[Colin norris]

Of course it was............also. Trump begged the Fed to continue pumping and the Republicans have always supported that........but you know that.

It started when Obama inherited the GFC from your man GWB. He went back to the socialist system of government stimulation as done by Keynes. Trump just picked up the batton when the virus hit.

If you know so much about inflation and I quote you on this, "but you know that"
You would know a buoyant economy under recovery from that would naturally increase inflation.
My point is, it wasn't happening under trump because the economy was doing nothing. You all screamed about low interest rates like trump manipulated it but the real reason was the economy was flat and everybody was broke. Ask yourself again where it all started.

 

[pknopp]

It started when Obama inherited the GFC from your man GWB.

I quit reading when people reply in a stupid manner such as this.

 

[Ordinary Guy]

Never mind the trillions pumped into the markets.

they provide returns, free money to aunt jemima for 14 kids does not generate a return

 

[pknopp]

they provide returns, free money to aunt jemima for 14 kids does not generate a return

It's all free money. It all has created the inflation we are facing.

 

[Ordinary Guy]

It's all free money. It all has created the inflation we are facing.

more of it went to non sustainable recipients as that sector continued to cook meth and distribute crack

 

[pknopp]

more of it went to non sustainable recipients as that sector continued to cook meth and distribute crack

We pumped billions into the markets for years and we are still doing it. People like yourself are why we can't stop this.

 

[Ordinary Guy]

We pumped billions into the markets for years and we are still doing it. People like yourself are why we can't stop this.

not me, I have never drew a disability, unemployment, or welfare check nor any government assistance

 

[The Irish Ram]

Ghina!

$1.75 for gas!

 

[pknopp]

not me, I have never drew a disability, unemployment, or welfare check nor any government assistance

Worthless statement.