I can argue against that.
How many of the 15, a year ago, predicted inflation over 8%?
Did you predict inflation over 8%? I like Stiglitz, and what he warned against happening has happened. You are your fellow Republicans can bear most of the responsibility. Last year he said that temporary price hikes should be expected as the supply chain started recovering post pandemic. And the savings rate, which was through the roof under Trump started falling. Basically, pent up demand facing continued supply restrictions. But inflation has two components. the actual price increases and inflationary expectations. All you yahoos running around like chicken little screaming, "inflation, inflation, inflation" have achieved precisely what Stiglitz warned against, inflationary expectations fueling inflation momentum. It becomes self-fulfilling, like perceived gas shortages when everyone and their brother tops off their tanks and fills their pickup truck with gasoline containers and fills them up to.
Hilarious!!!
Which individual parts of BBB are going to make the economy more productive?
Which parts are going to lower the cost of production? Be specific.
Stiglitz mentions the increased child tax credits, daycare credits, and long term care assistance. That would get more women into the workforce and thereby alleviate the shortage of workers. But the tax increases and spending offsets used to finance the bill would also dampen inflation.
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Yes, that's what you told me. Were the other two times a temporary payroll tax cut?
No, that was only one time, it was called "Make Work Pay", and unlike Democrats, who extended the Bush taxcuts, Republican's failed to extend that one. And then, during the Trump administration, they proposed doing the very same thing. But it also included an expanded Child Tax Credit that included adult children in college.
Sure they did. Just like they said Trump's tax cut was only for millionaires and billionaires.
Well then source it. Show me, and be specific. LOL
EO's, how about 14017, 14025, 14036, 14052, and 14057.
How? By attacking CEOs? Threatening price controls? War Powers? DURR
Awesome!
More unions is gonna fix inflation. LOL!
Sounds great!
Higher taxes and more regulations always improves competition and lowers inflation.
Actually, yes, more unions will help alleviate the worker shortage. I mean have you not figured out, demonizing unions and worshiping CEO's ain't working out so well. For years corporations have treated workers as disposable, and guess what, they ain't coming back so easily. And CEO's have manipulated their compensation through stock options, buying back corporate stock to drive up the price, and then selling at the high point. Not to mention their golden parachutes that grants them millions of dollars after leaving a company turned to shit. I mean a CEO has one job really. He is supposed to be a glorified cheerleader. He is suppose to increase the value of the company's stock by stoking excitement, motivating workers. Now, just do a stock buyback, gut the company's assets, and leave with your parachute. Hell, a third grader could do it.
More expensive, less reliable energy is going to fix inflation?
Did you bump your head? You are much more amusing since your brain injury.
Look, you are barking up the wrong tree here hoss. Yes, there is nothing more reliable than coal, but it can generate electricity rather cleanly when structured correctly. It is really all about temperature. Combining super temperature coal with renewables like solar and wind, is the ticket. In fact, at this very moment my son is in Prague, just left the Netherlands. And that dynamic is precisely what he does. The key here is adequate investment, and that is precisely what BBB does. We cannot continue to depend upon decades old technology and expect to move forward.
Except for his continued "stimulus" spending after the economy reopened.
And his continued push for even more.
This is where you hit the stupid level. Biden spending amounts to .8% of GDP, and most of it has not even hit the economy yet. Trump's Covid relief spending, of which most of it was saved, amounts to almost 3% of GDP. I have said it time and time again, three out of four of the "new dollars" in our economy was generated under Trump. He fueled this inflation in his attempt to "buy" allegiance. Hell, he all but dropped money from helicopters. Quantitative easing, supplemental unemployment benefits, Covid relief credits, sure some people needed them, but others, like myself and every one of my six kids, banked it and waited till things opened up.
Hilarious. But really, you should probably get your head examined. I'm worried about you.
Biden......deficit hawk, now I've heard it all.
Yes, Biden has reduced the deficit. And will reduce it going forward. Amazing how you and your ilk ignore that reality.