Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
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We know it’s a long way off, but we see the brakes have failed and things are going to do nothing but get worse for the next three years. Inflation is hard to stop once it grabs hold. The Fed is going to have to run interest rates above what they were in the Carter years to even have a chance of dealing with it. What do you think consumer interest rates of twenty percent plus will do to the economy? By 2024 the democrats will be the most hated people in the country and everybody will be wishing that meanie Trump was back with his incessant tweets and constant hyperbole.
I was listening to the radio on the way back home, and the Democrats are claiming they have an acceptable infrastructure bill. It contains all their green crap and they refuse to give it up.
The inflation rate is currently 5.4%. Look for it closer to the 6% figure if they get this bill passed.