Key inflation cause: Republican policy

[citygator]

The inflation of 2021/2022 is undoubtably the result of key Republican policy failures specific to the workforce and oil pricing. These two Republican pressures behind the worldwide supply availability are the three direct causes of inflation. Mic drop.

1. Labor shortage - 3.5M deficit in workers

1. Declining immigration
2. Covid deaths
3. Early retirees due to safety

2. Gas prices

1. Oil rig shut downs during Trump - over 600
2. Negotiated reduction in OPEC - over 2M B/D

3. World wide supply shortage

1. This is not the pubs fault as it’s affected every country.

Irrefutable Data:

Baby boomers still quitting in droves, not taking new jobs | Fortune

During the Great Recession, workforce participation among the 55-and-older cohort grew 1%. The past three years have seen a 1.9% decline among boomers.

fortune.com

Their exit is causing a ripple effect. Between early retirees, “a surge in deaths,” and a decline in immigration, the American labor force is missing about 3.5 million people, Fed chair Jerome Powell said in late November. The excess retirements in particular “might now account for more than 2 million of the 3 ½ million shortfall in the labor force,” he said. Experts worry the shortfall could make it harder to tame inflation.

Oil rigs in use at the end of January:

 

[Moonglow]

They won't listen or admit anything.

U.S. crude oil exports and refined product exports are both are record highs, at 3.4 million bpd and 3 million bpd respectively. Meanwhile, crude oil imports are declining, falling to 1.1 million bpd in November compared to 7 million bpd five years ago.Dec 20, 2022

The U.S. Could Become A Net Oil Exporter In 2023​

https://oilprice.com › Energy › Energy-General





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U.S. poised to become net exporter of crude oil in 2023 | Reuters​

https://www.reuters.com › business › energy › us-poised-...


Dec 19, 2022 — HOUSTON, Dec 19 (Reuters) - The United States has become a global crude oil exporting power over the last few years, but exports have not ...

 

[pknopp]

Republican economic policy is largely Democrat economic policy.

 

[1srelluc]

Sigh, sometimes only a meme will do.

 

[CrusaderFrank]

The inflation of 2021/2022 is undoubtably the result of key Republican policy failures specific to the workforce and oil pricing. These two Republican pressures behind the worldwide supply availability are the three direct causes of inflation. Mic drop.

1. Labor shortage - 3.5M deficit in workers

1. Declining immigration
2. Covid deaths
3. Early retirees due to safety

2. Gas prices

1. Oil rig shut downs during Trump - over 600
2. Negotiated reduction in OPEC - over 2M B/D

3. World wide supply shortage

1. This is not the pubs fault as it’s affected every country.

Irrefutable Data:

Baby boomers still quitting in droves, not taking new jobs | Fortune

During the Great Recession, workforce participation among the 55-and-older cohort grew 1%. The past three years have seen a 1.9% decline among boomers.

fortune.com

Their exit is causing a ripple effect. Between early retirees, “a surge in deaths,” and a decline in immigration, the American labor force is missing about 3.5 million people, Fed chair Jerome Powell said in late November. The excess retirements in particular “might now account for more than 2 million of the 3 ½ million shortfall in the labor force,” he said. Experts worry the shortfall could make it harder to tame inflation.

Oil rigs in use at the end of January:

View attachment 743240

View attachment 743244

Funniest thing I've read all morning!!

See why every Progressive lead country falls into ruin and destitution for everyone except the Progressive leaders?

 

[Moonglow]

Republican economic policy is largely Democrat economic policy.

Since the corporations own Congress..

 

[johngaltshrugged]

Your farts have more substance than your strong feelings.
You need to change your drawers

 

[CrusaderFrank]

Fauxi's Gain of Function bioweapon was not a "Republican Policy" you imbecilic

 

[LAUGHatLEFTISTS]

The inflation of 2021/2022 is undoubtably the result of key Republican policy failures specific to the workforce and oil pricing. These two Republican pressures behind the worldwide supply availability are the three direct causes of inflation. Mic drop.

1. Labor shortage - 3.5M deficit in workers

1. Declining immigration
2. Covid deaths
3. Early retirees due to safety

2. Gas prices

1. Oil rig shut downs during Trump - over 600
2. Negotiated reduction in OPEC - over 2M B/D

3. World wide supply shortage

1. This is not the pubs fault as it’s affected every country.

Irrefutable Data:

Baby boomers still quitting in droves, not taking new jobs | Fortune

During the Great Recession, workforce participation among the 55-and-older cohort grew 1%. The past three years have seen a 1.9% decline among boomers.

fortune.com

Their exit is causing a ripple effect. Between early retirees, “a surge in deaths,” and a decline in immigration, the American labor force is missing about 3.5 million people, Fed chair Jerome Powell said in late November. The excess retirements in particular “might now account for more than 2 million of the 3 ½ million shortfall in the labor force,” he said. Experts worry the shortfall could make it harder to tame inflation.

Oil rigs in use at the end of January:

View attachment 743240

View attachment 743244

“Unemployment checks are great for the economy.”

N. Piglosi.

 

[citygator]

Funniest thing I've read all morning!!

See why every Progressive lead country falls into ruin and destitution for everyone except the Progressive leaders?

If you look at the U.S. economy has prospered under democrats but not republicans. GDP growth higher, unemployment lower is the trend even pre pandemic.

 

[Natural Citizen]

Sigh, sometimes only a meme will do.

eeeyep.

That's the one...

 

[CrusaderFrank]

Republican economic policy is largely Democrat economic policy.

Sad, but true

 

[Mac1958]

Limbaugh convinced the rubes that they're economic experts because dittos.

On no subject do they display the Dunning-Kruger Effect more vividly than economics & markets.

 

[Lisa558]

“Unemployment checks are great for the economy.”

N. Piglosi.

The whole thing is nauseating. I tried to have a discussion with a liberal this weekend who disagrees with the idea that people should have jobs. She truly believes that work should be an option for people who want to do, and that we (taxpayers) should support them if they’d rather not. When I started to explain the problem with that, she put up her hand and said she doesn’t want to hear about Republicans’ opinions. It’s a form of silencing and why Democrats can’t see what is wrong with their cockamamie opinions…..they refuse to hear the opposing side.

 

[Lisa558]

Limbaugh convinced the rubes that they're economic experts because dittos.

On no subject do they display the Dunning-Kruger Effect more vividly than economics & markets.

Says the person who voted for Biden, pushing through another massive spending bill during record-high inflation.

 

[Mac1958]

Says the person who voted for Biden, pushing through another massive spending bill during record-high inflation.

...and a 22 year financial advisor/CFP, ChFC/CLU, 7/63/65.

Tell me, what is your education, training, background and practical experience in analyzing and acting on markets & economics?

 

[Natural Citizen]

If you look at the U.S. economy has prospered under democrats but not republicans. GDP growth higher, unemployment lower is the trend even pre pandemic.

Last I checked, debt was 103% of the GDP. And that was a year ago.

Do you guys not understand these things which you invoke?

Inflation properly defined, btw, is the surplus of currency and credit.

And unemployment stats are as distorted as the stock market.

Who tells you to regurgitate these things anyway? Because whoever it is, you've gotta turn them off, they're rotting your brain, man.

 

[jknowgood]

Lol, blame the Republicans, but Biden has yet to fix it. Only to make it worse. Another point, everything was good till Biden took over.

 

[pknopp]

Says the person who voted for Biden, pushing through another massive spending bill during record-high inflation.

A bipartisan bill.

 

[Moonglow]

Fauxi's Gain of Function bioweapon was not a "Republican Policy" you imbecilic

I see, so you are trying to say that Trump abdicated his power as president.