Flashback July 2021: Biden Says Inflation Temporary, Transitory Despite Spending Trillions We Don’t Have

[Marener]

This is probably true, except for energy prices, which have been skyrocketing.

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But real wages will rise again under Trump, and closing the border will help that greatly.

It's going to take a little while to dig out from this mess.

Restricting labor is inflationary.

That’s hardly “skyrocketing”.

 

[kyzr]

Q1 2021 weekly earnings were $983.
Q4 2023 weekly earnings were $1142.
Can you do the math or should I?

CNN already did the math, and came up with $709 a month... Thanks for mansplaining.

 

[LAUGHatLEFTISTS]

Weatherman2020 w

Inflation is down to 3%. That’s not a course to destruction.

Wrong. Leftism is a course to destruction.

 

[Weatherman2020]

Inflation is down to 3%. That’s not a course to destruction.

6 of the top economic nations have lower inflation.

India
Russia.

Great we just beat them.

Barely.

 

[Marener]

6 of the top economic nations have lower inflation.

India
Russia.

Great we just beat them.

Barely.

Which of the “top economic nations” has a better GDP growth?

 

[Weatherman2020]

Which of the “top economic nations” has a better GDP growth?

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Easy to have a high GDP when you’re printing trillions you don’t have.

Economics 101

 

[Marener]

Easy to have a high GDP when you’re printing trillions you don’t have.

Economics 101

We aren’t printing trillions. We actually contracted the money supply in the last year and a half.

You guys really need to think critically about your narrative because it fails the reality test.

 

[IDIOCRACY]

Inflation is down to 3%. That’s not a course to destruction.

Incorrect, inflation is UP TO 3.2%.

And their figures are a bunch of baloney too.

 

[Marener]

CNN already did the math, and came up with $709 a month... Thanks for mansplaining.

Which ignores wage growth. Don’t be simplistic.

 

[Weatherman2020]

We aren’t printing trillions. We actually contracted the money supply in the last year and a half.

You guys really need to think critically about your narrative because it fails the reality test.

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$4.439 trillion

 

[Marener]

$4.439 trillion

You’re confusing deficits with money supply.

Running deficits does stimulate the economy. That’s why Trump never had any intention of balancing the budget, and neither do congressional republicans whenever they think they could get blame for the slowing economy.

Thats why they passed a massive tax cut for no reason in 2017.

 

[Weatherman2020]

You’re confusing deficits with money supply.

Running deficits does stimulate the economy. That’s why Trump never had any intention of balancing the budget, and neither do congressional republicans whenever they think they could get blame for the slowing economy.

Thats why they passed a massive tax cut for no reason in 2017.

“CBO’s current projections show a federal budget deficit of $1.5 trillion for 2023—which is $0.1 trillion more than the agency estimated in February.”

 

[Marener]

“CBO’s current projections show a federal budget deficit of $1.5 trillion for 2023—which is $0.1 trillion more than the agency estimated in February.”

Like I said, deficits are different than money supply. You’re confusing them. They’re not the same.

 

[Weatherman2020]

Like I said, deficits are different than money supply. You’re confusing them. They’re not the same.

Printing money and dumping it into the economy falsely raises the GDP.
Fact.

 

[Marener]

Printing money and dumping it into the economy falsely raises the GDP.
Fact.

The data shows we aren’t printing money. We are actually doing the opposite.

 

[Weatherman2020]

The data shows we aren’t printing money. We are actually doing the opposite.

Printing $1.5 trillion a year that we don’t have.

 

[Billiejeens]

Biden can't get around what happens when voters see their grocery bills.
Biden is TOAST. No one can take a $709 a month pay cut.

https://www.cnn.com/2023/08/11/economy/inflation-rate-spending/index.html

Sawry
The economy doesn't effect the base.
Their base is the elites and the people living off the Government
Government checks don't bounce.

Yet.

 

[Billiejeens]

The data shows we aren’t printing money. We are actually doing the opposite.

We are digitizing it.

At a record pace

 

[Marener]

Printing $1.5 trillion a year that we don’t have.

That’s not printing money. That’s borrowing money, from people. It doesn’t expand the money supply. In fact, there’s an economic cost to the government soaking up investment that could go elsewhere.

 

[Billiejeens]

That’s not printing money. That’s borrowing money, from people. It doesn’t expand the money supply. In fact, there’s an economic cost to the government soaking up investment that could go elsewhere.

Pure delusion.