I am still waiting for someone to make a compelling case that the post COVID, inflationary spiral

[berg80]

affecting the world was Biden's fault. Could someone explain what policy he enacted that caused inflation to spike in Europe?

 

[berg80]

Hold on now. You folks have been saying inflation was Biden's fault for years. Surely someone can make the case for it.

 

[Votto]

affecting the world was Biden's fault. Could someone explain what policy he enacted that caused inflation to spike in Europe?

The inflation is world wide. Why?

1. Shutting down the world economy was economic suicide as it created never ending shortages that drive up prices

2. The war on fossil fuels makes everything more expensive, and the war on fertilizer that emits carbon has caused governments around the world to stop their farmers from growing as much food, once again causing shortages.

3. Printing money out your ass causes inflation, which all governments around the globe seem to be doing, especially in the US.

Was this all Biden's fault? No, Biden can' even tie his shoelaces, properly, but he tows the line of a party that was behind all this an continues to be.

If there is another "Plandemic", the Left would act in the same way in a heartbeat, and their war on fossil fuels is a death match to the end, combined with their insistence that everything be free of cost, forcing governments across the globe to continue to print more and more and more money.

 

[berg80]

1. Shutting down the world economy was economic suicide as it created never ending shortages that drive up prices

Oh.

DeSantis says he disagreed with Trump’s decision to shut down economy at start of pandemic​

DeSantis says he disagreed with Trump’s decision to shut down economy at start of pandemic

Florida Gov. Ron DeSantis (R) said Thursday that he disagreed with then-President Trump’s decision to shut down the economy at the beginning of the COVID-19 pandemic.DeSantis appeared on conservati…

thehill.com

 

[berg80]

2. The war on fossil fuels

It must have been pretty ineffective since US production of oil hit record highs under Biden.

 

[berg80]

3. Printing money out your ass causes inflation,

Arguably, the injection of money to spend in the hands of consumers staved off a depression.

 

[Votto]

It must have been pretty ineffective since US production of oil hit record highs under Biden.

Biden has declared an end to fossil fuels, so even though production may be temporarily up, they are making plans to end fossil fuels, which involves them driving up prices

But the war on fertilizers has been the most devastating, forcing farmers across the world to stop growing as much, causing them to protest in vain for governments that don't give a damn about them or the billions starving around the world.

 

[BluesLegend]

Democrats CRAM THROUGH the Dem agenda no matter how much it screws over the poor and working class. That's Biden's legacy.

 

[Votto]

Arguably, the injection of money to spend in the hands of consumers staved off a depression.

Government has to spend some money, but $35 trillion worth?

The universe is only around 15 billion years old itself.

 

[Lesh]

Arguably, the injection of money to spend in the hands of consumers staved off a depression.

It contributed to a spike in inflation (that has now abated) but was part of the “soft landing” Biden achieved

 

[Votto]

It contributed to a spike in inflation (that has now abated) but was part of the “soft la ding” Biden achieved

I see, so Bidumb did not cause inflation but he helped fix it?

 

[Lesh]

I see, so Bidumb did not cause inflation but he helped fix it?

The policies of BOTH Trump and Biden contributed to that temporary inflation spike.

And yes Biden steered us to a soft landing

 

[Mac1958]

In reality, and in chronological order:

1. All told, through 2020, about $11 TRILLION in stimulus is pumped into the economy in response to the 2009 Meltdown and resulting weaknesses
2. Parenthetically, personally, I'd trace the origin of the Meltdown to the repeal of Glass Steagall (Clinton)
3. The Fed purposely and aggressively keeps interest rates as low as possible, perhaps overly concerned about a return to the Meltdown
4. We ALL go all those years waiting for all this stimulus to create MASSIVE inflation. EVERYONE knew what was eventually coming
5. COVID hits and the economy falls into complete structural disarray and becomes wildly uneven across the sectors
6. COVID subsides, many industries struggle to re-open and reorganize, having lost employees and having made big systemic changes
7. Flush with cash, macroeconomic demand explodes globally coming out of the COVID lockdowns
8. Supply chains, ill prepared and weakened after the lockdowns, immediately collapse worldwide, across virtually all industry (production/distribution) strata, clogging economic arteries, essentially creating a global economic heart attack
9. As a result, the global supply/demand balance fails, inflation flares, and it rapidly compounds on itself with supply chains still paralyzed
10. The Fed waits FAR too long (maybe 8 to 10 months) to gradually (or not so gradually) control the inflation with higher rates
11. Far behind the curve, the Fed starts increasing rates quickly and the profound strain on the banking system (particularly regional) begins
12. The resulting broad-based increased interest rates damn near put a boot on the throat of the economy, but the economy continues to grow through the inflation
13. Global supply chains are finally largely repaired and functioning across the board, which was the other primary issue distorting markets
14. Today, inflation has decreased, but there are a few signs of weakness/danger, so the "soft landing" theory is being tested

 

[Votto]

The policies of BOTH Trump and Biden contributed to that temporary inflation spike.

And yes Biden steered us to a soft landing

Biden lied and said inflation was around 6% when Trump stepped down, when in reality it was more l iike 1.4%.

Then Biden says he is powerless to fix inflation, but then later blamed Putin for it anyway

Then Biden passes an inflation bill, after saying he could not fix it.

Then after the inflation bill did not help, he later admitted the spending was more for climate change and did not do much for inflation

But low information voters like you are clueless about any of these shenanigans.

 

[Hum Dinger]

Biden has declared an end to fossil fuels, so even though production may be temporarily up, they are making plans to end fossil fuels, which involves them driving up prices

But the war on fertilizers has been the most devastating, forcing farmers across the world to stop growing as much, causing them to protest in vain for governments that don't give a damn about them or the billions starving around the world.

Industrialized nations throw out millions of tons of food every day.

The problem has never been food production. It's food distribution that's the problem.

Feel free to buy whatever refrigerator trucks and ships you'd like and transport food all over the world.

 

[Toddsterpatriot]

affecting the world was Biden's fault. Could someone explain what policy he enacted that caused inflation to spike in Europe?

Who said that Biden's stupid policy decisions were responsible for inflation in Europe?

 

[Lesh]

Who said that Biden's stupid policy decisions were responsible for inflation in Europe?

The point is, inflation was world wide and cause by COVID and the reaction to it

World wide. That includes the US


And it has been lower here than elsewhere

 

[Votto]

The point is, inflation was world wide and cause by COVID and the reaction to it

World wide. That includes the US


And it has been lower here than elsewhere

No, Sweden refused to play their stupid games of economic suicide and was just fine.

And the world leaders are held unaccountable.

And these same world leaders are all poised to do it again and again and again.

They never learn those Leftists.

 

[Lesh]

No, Sweden refused to play their stupid games of economic suicide and was just fine.

And the world leaders are held unaccountable.

And these same world leaders are all poised to do it again and again and again.

They never learn those Leftists.

Sweden? Christ you’re an idiot

They had 8.5 inflation

They have been and are still on a recession

And unemployment is a big problem


My God Trumpers are stupid

 

[Toddsterpatriot]

The point is, inflation was world wide and cause by COVID and the reaction to it

World wide. That includes the US


And it has been lower here than elsewhere

Worldwide inflation was not caused by Biden's failures.
Only US inflation can be blamed on Biden's failures.