Biden Refuses To Accept Responsibility For High Inflation

[schmidlap]

LOL. I see you are an economist denier. Inflation isn't actually going down, it's actually going up.

You may be hallucinating. I didn't mention inflation.

 

[Independentthinker]

You may be hallucinating. I didn't mention inflation.

LOL. Of course you didn't.

 

[schmidlap]

LOL. Of course you didn't.

Acknowledging reality is good for you.

"... global inflation in 2022 is estimated to have reached 8.75 percent. This is the highest annual increase in inflation since 1996."

[Global inflation rate from 2000 to 2027 | Statista.]

 

[Independentthinker]

Acknowledging reality is good for you.

"... global inflation in 2022 is estimated to have reached 8.75 percent. This is the highest annual increase in inflation since 1996."

[Global inflation rate from 2000 to 2027 | Statista.]

LOL. Does that count Venezuela and other such countries?

 

[schmidlap]

LOL. Does that count Venezuela and other such countries?

It is inclusive.

As the source noted:

Venezuela is the country with the highest individual inflation rate in the world, forecast at around 500 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.​

​

This may be helpful to you in comparing the projected inflation rates of individual nations:

​

[Mapped: 2023 Inflation Forecasts by Country]​

 

[Independentthinker]

It is inclusive.

As the source noted:

Venezuela is the country with the highest individual inflation rate in the world, forecast at around 500 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.​

​

This may be helpful to you in comparing the projected inflation rates of individual nations:

​

View attachment 757386​

[Mapped: 2023 Inflation Forecasts by Country]​

Biden and the left have increased not only US inflation but inflation around the world. And now you're trying to claim that Biden is just God's gift to Earth.

 

[schmidlap]

Biden and the left have increased not only US inflation but inflation around the world. And now you're trying to claim that Biden is just God's gift to Earth.

I never suggested that President Biden is "God's gift to Earth." I don't know where you derived such an erroneous notion.

What empowered him to control global inflation? Nations like Zimbabwe and Venezuela must be very upset with him if they imagine he is personally responsible for such things. I imagine that even Great Britain - with an inflation rate 2 1/2x that of the U.S. - would be extremely accusatory if it fancied that it could blame a U.S. president for its fiscal plight.

 

[Independentthinker]

I never suggested that President Biden is "God's gift to Earth." I don't know where you derived such an erroneous notion.

What empowered him to control global inflation? Nations like Zimbabwe and Venezuela must be very upset with him if they imagine he is personally responsible for such things. I imagine that even Great Britain - with an inflation rate 2 1/2x that of the U.S. - would be extremely accusatory if it fancied that it could blame a U.S. president for its fiscal plight.

I find it rather funny that you credit Biden for controlling US inflation to being better than other countries and yet you ask me what empowered Biden to control global inflation.

 

[Ringo]

Congressional Budget Office: The U.S. could face default in July-September 2023.
The way out is to print money and rob everyone within the reach of the invisible hand of the market

 

[schmidlap]

I find it rather funny that you credit Biden for controlling US inflation to being better than other countries and yet you ask me what empowered Biden to control global inflation.

I never suggested that Biden controls U.S. or international inflation.

Quite to the contrary, I clearly stated, "Presidents routinely take credit and are accorded blame for matters beyond their control." Post #533.

You had spouted invalid, hyper-partisan hyperbole: "Biden and the left have increased not only US inflation but inflation around the world." Post #540..

 

[Independentthinker]

I never suggested that Biden controls U.S. or international inflation.

Quite to the contrary, I clearly stated, "Presidents routinely take credit and are accorded blame for matters beyond their control." Post #533.

The fact is, Biden and Democratic policies have increased inflation not only in the US but worldwide. They promote green energy and attack dirty energy. That increases prices. They are pro-labor and anti-business, which increases prices. They were pro-lockdown during the pandemic, which has increased prices. They allowed Afghanistan to fall to the Taliban, encouraging Russia to invade Ukraine with expected no resistance, which led to increased prices. And, Biden and Democrats forced through trillions of dollars in spending, which also increased prices. So, yes, Presidents and party policies do effect inflation.

 

[schmidlap]

The fact is, Biden and Democratic policies have increased inflation not only in the US but worldwide. They promote green energy and attack dirty energy. That increases prices. They are pro-labor and anti-business, which increases prices. They were pro-lockdown during the pandemic, which has increased prices. They allowed Afghanistan to fall to the Taliban, encouraging Russia to invade Ukraine with expected no resistance, which led to increased prices. And, Biden and Democrats forced through trillions of dollars in spending, which also increased prices. So, yes, Presidents and party policies do effect inflation.

Obviously, there are multiple factors that affect inflation around the world. Your blaming the policies of one nation's political party that you don't like is as silly as your pretending to divine the motivation for Trump's "savvy genius" that disposed him to invade Ukraine. You may rage against the President's leading NATO in defense of democracy, especially after Trump's repeatedly crapping on NATO.

If you are pro-dirty energy and anti-labor, and opposed to politicians following the advice of public health experts concerning a matter of public health, you won't like our elected government's policies in those regards.

Is the President solely responsible for lowering the U.S. unemployment rate from the 6.5% to which it had climbed under Trump to the 3.8% it is now? Of course not.

 

[Independentthinker]

Obviously, there are multiple factors that affect inflation around the world. Your blaming the policies of one nation's political party that you don't like is as silly as your pretending to divine the motivation for Trump's "savvy genius" to invade Ukraine. You may rage against the President's leading NATO in defense of democracy, especially after Trump's repeatedly crapping on NATO.

If you are pro-dirty energy and anti-labor, and opposed to following the advice of epidemiological experts concerning an epidemic, you won't like our elected government's policies in those regards.

Is the President solely responsible for lowering the U.S. unemployment rate from the 6.5% to which it had climbed under Trump to the 3.8% it is now? Of course not.

All of the things I mentioned increase inflation and they were all done by one party.

 

[watchingfromafar]

Inflation- It’s all Bidens fault.

In 1950 a new house cost $8,450.00;
..1n 2020 a house costs $273,992.00

In 1950 the average income was $3,210.00
In 2020 the average income was.,., $273,99.00

In 1950 a gallon of gas was $0.18 cents
In 2020 a gallon of gas costs $3.00 dollars

In 1950 the average cost of new car was…. $1,510.00
In 2020 the average cost of a new car was $20,000.00

Clearly this is Biden’s fault, he should be impeached for this!!!!
-
Links---,
Cost of Living 1950 Cost of Living 1950
us average income 2020 - Google Search
U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020
New Cars for Sale - Pricing and Deals | Edmunds

 

[Care4all]

Inflation- It’s all Bidens fault.

In 1950 a new house cost $8,450.00;
..1n 2020 a house costs $273,992.00

In 1950 the average income was $3,210.00
In 2020 the average income was.,., $273,99

In 1950 a gallon of gas was $0.18 cents
In 2020 a gallon of gas costs $3.00 dollars

In 1950 the average cost of new car was…. $1,510.00
In 2020 the average cost of a new car was $20,000.00

Clearly this is Biden’s fault, he should be impeached for this!!!!
-
Links---,
Cost of Living 1950 Cost of Living 1950
us average income 2020 - Google Search
U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020
New Cars for Sale - Pricing and Deals | Edmunds

magic! President Biden is to blame, for BEFORE he became president in 2021!

 

[1srelluc]

The real problem is people.....There are too damn many in the country now.

In just 50 years our population has grown by over 125 million people.

Tater sure as hell isn't helping with that given our open borders.

 

[Votto]

Inflation- It’s all Bidens fault.

In 1950 a new house cost $8,450.00;
..1n 2020 a house costs $273,992.00

In 1950 the average income was $3,210.00
In 2020 the average income was.,., $273,99

In 1950 a gallon of gas was $0.18 cents
In 2020 a gallon of gas costs $3.00 dollars

In 1950 the average cost of new car was…. $1,510.00
In 2020 the average cost of a new car was $20,000.00

Clearly this is Biden’s fault, he should be impeached for this!!!!
-
Links---,
Cost of Living 1950 Cost of Living 1950
us average income 2020 - Google Search
U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020
New Cars for Sale - Pricing and Deals | Edmunds

Blame Biden?

Biden can't even change his own diaper. Biden is just another in a long series of empty suites promoting the same crap.

Inflation these days can be pinpointed to the following

1. War of fossil fuels. Fossil fuels is the blood of the world economy,, and since most world governments have decided to declare war on fossil fuels, through international agreements like the -Paris Accord, it was only going to drive up the price of everything.

2. War of Covid. Most all governments implemented a shut down of the world economy, causing shortages and inflation. Not only did these shut downs not do anything to combat Covid, it helped destroy the world economy. something governments around then world refuse to own up do doing.

3. Massive spending. As we all know, the more money you print the more it inflates the money you print. It's just economics 101. The US Congress just got done passing yet another massive trillion dollar stimulus to the economy, in which the GOP joined the democrats to vote for.

So is Diaper Joe to blame for all of it? No, but he is contributing to it and will not fight any of it. At the least, he should unilaterally stop the US war on fossil fuels and veto any more massive spending packages, which would help tremendously.

 

[watchingfromafar]

Tater sure as hell isn't helping with that given our open borders.

Hold on here, these “immigrants” are going to start paying income taxes, social security and Medicare taxes.

Our government NEEDS THE MONEY$$
-

 

[1srelluc]

Hold on here, these “immigrants” are going to start paying income taxes, social security and Medicare taxes.

Our government NEEDS THE MONEY$$
-

Yeah, and I have some Shenandoah River "oceanfront" property to sell ya.....At least according to the CC rubes.

 

[Concerned American]

Inflation- It’s all Bidens fault.

In 1950 a new house cost $8,450.00;
..1n 2020 a house costs $273,992.00

In 1950 the average income was $3,210.00
In 2020 the average income was.,., $273,99

In 1950 a gallon of gas was $0.18 cents
In 2020 a gallon of gas costs $3.00 dollars

In 1950 the average cost of new car was…. $1,510.00
In 2020 the average cost of a new car was $20,000.00

Clearly this is Biden’s fault, he should be impeached for this!!!!
-
Links---,
Cost of Living 1950 Cost of Living 1950
us average income 2020 - Google Search
U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020
New Cars for Sale - Pricing and Deals | Edmunds

In 2019 a new house cost 297,000
In 2022 a new house cost 431,000

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If you’ve tried to buy a house within the last four years — or scanned the news headlines on any given day — you’re likely well aware that home values have been skyrocketing during the coronavirus pandemic. But exactly how much have they gone up? And, perhaps more importantly, why?I wanted to...

www.apartmenttherapy.com

In 2019 the average income was $69.560

What Is the Average Income in the United States?

Average income describes how much money an individual or household makes, reported annually by the U.S. Census Bureau.

www.thebalancemoney.com

In 2022 the average income was $63,214

Average American Income | 25 U.S. Salary Statistics [2023] - Zippia

Research Summary. While the average American income depends heavily on the industry, field, and experience, you might be surprised to learn how your income stacks up against the rest of the country. According to our extensive research: The average personal income in the U.S. is $63,214. The...

www.zippia.com

In 2019 a gallon of gasoline cost $2.34
In 2022 a gallon of gasoline cost $3.22

In 2019 the average cost of a new car was $36,718

Car prices are increasing—here's how that can hurt Americans

Car prices are rising rapidly, but Americans' wages have been slow to increase for decades. As a result, many take out long-term auto loans that can take years to pay off.

www.cnbc.com

In 2022 the average cost of a new car is $48,094

New-Vehicle Average Transaction Prices Fall for First Time in Five Months After Recently Hitting Record High, According to Kelley Blue Book - Cox Automotive Inc.

The average price paid for a new vehicle in the U.S. in September 2022 remains solidly above the $48,000 mark, according to Kelley Blue Book.

www.coxautoinc.com

Yup, this is clearly Biden's fault and he should be impeached.