Republicans Have No Plan to Fix Inflation
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Independent thinker
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- Oct 15, 2015
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All they have to do is stop doing liberal/progressive policies.We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.
I say they have no plan because spending by trump contributed to the inflation.
Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats
As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...www.cnn.com
And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.
Mr Natural
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And not a minute too soon!
C_Clayton_Jones
Diamond Member
Republicans have no plan for inflation because there is no ‘plan’ – regardless of who is in office.
Inflation is the result of high consumer demand and insufficient inventory on the part of manufacturers and resellers, exacerbated by supply chain issues and component shortages – all beyond the control and purview of any president or politician.
Of course, the dishonest right will continue to lie and ‘blame’ President Biden.
That's true but it's also true that there are more important factors directly responsible for the inflation. One being high gas prices due to removal of most of the Russian oil exports from the world oil supply. As I recall, 2.7% of our inflation is caused by the increase in gas prices. Then there's the indirect cost of higher fuel prices on essential all goods that are shipped within the US and imported from overseas. The war in the Ukraine has directly and indirectly effected the cost of many products other than oil. Fertilizer costs rose 80% last year and 30% this year. This effects just about everything we grow in the US or import. A combination of higher tariffs by China, sharp reductions in shipments of sugar beats, grain, potatoes, petroleum byproducts, coal, and heavy machinery from the Ukraine, Belarus, and Russia has increased the cost of just about everything we import.
Inflation we are having in the US is not just a US problem as you can see from the following increasing inflation rates by country. US spending is certainly not driving up prices abroad.
| Turkey | 73.5 | 69.97 | May/22 |
| Argentina | 60.7 | 58 | May/22 |
| Russia | 17.1 | 17.8 | May/22 |
| Brazil | 11.73 | 12.13 | May/22 |
| United Kingdom | 9 | 7 | Apr/22 |
| Netherlands | 8.8 | 9.6 | May/22 |
| Spain | 8.7 | 8.3 | May/22 |
| United States | 8.6 | 8.3 | May/22 |
| Euro Area | 8.1 | 7.4 | May/22 |
| Germany | 7.9 | 7.4 | May/22 |
| Mexico | 7.65 | 7.68 | May/22 |
| India | 7.04 | 7.79 | May/22 |
| Canada | 6.8 | 6.7 | Apr/22 |
| Italy | 6.8 | 6 | May/22 |
| South Africa | 5.9 | 5.9 | Apr/22 |
| Singapore | 5.4 | 5.4 | Apr/22 |
| South Korea | 5.4 | 4.8 | May/22 |
| France | 5.2 | 4.8 | May/22 |
| Australia | 5.1 | 3.5 | Mar/22 |
Inflation Rate - Countries - List
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries. The table has current values for Inflation Rate, previous releases, historical...
tradingeconomics.com
Last edited:
Burgermeister
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bendog
Diamond Member
I had a similar thought. Subtracting the "russia" factor, it's not as bad as it seems. BUT global demand for gas will increase even faster with less inflation, and supply will always lag. AND food prices will see upward pressure regardless of govt actions. It's simply more expensive to produce, so not paying farmers not to farm is not controlling inflation.That's true but it's also true that there are more important factors directly responsible for the inflation. One being high gas prices due to removal of most of the Russian oil exports from the world oil supply. As I recall, 2.7% of our inflation is caused by the increase in gas prices. Then there's the indirect cost of higher fuel prices on essential all goods that are shipped within the US and imported from overseas. The war in the Ukraine has directly and indirectly effected the cost of many products other than oil. Fertilizer costs rose 80% last year and 30% this year. This effects just about everything we grow in the US or import. A combination of higher tariffs by China, sharp reductions in shipments of sugar beats, grain, potatoes, petroleum byproducts, coal, and heavy machinery from the Ukraine, Belarus, and Russia has increased the cost of just about everything we import.
Inflation we are having in the US is not just a US problem as you can see from the following increasing inflation rates by country. US spending is certainly not driving up prices abroad.
Turkey 73.5 69.97 May/22 Argentina 60.7 58 May/22 Russia 17.1 17.8 May/22 Brazil 11.73 12.13 May/22 United Kingdom 9 7 Apr/22 Netherlands 8.8 9.6 May/22 Spain 8.7 8.3 May/22 United States 8.6 8.3 May/22 Euro Area 8.1 7.4 May/22 Germany 7.9 7.4 May/22 Mexico 7.65 7.68 May/22 India 7.04 7.79 May/22 Canada 6.8 6.7 Apr/22 Italy 6.8 6 May/22 South Africa 5.9 5.9 Apr/22 Singapore 5.4 5.4 Apr/22 South Korea 5.4 4.8 May/22 France 5.2 4.8 May/22 Australia 5.1 3.5 Mar/22 Inflation Rate - Countries - List
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries. The table has current values for Inflation Rate, previous releases, historical...
So what will be the effect when the Fed belatedly raises rates so high nobody buys shit until their old shit literally can't be fixed?
I'm really not sure how much an effect the Dems Rescue Act is adding at this point. We've kicked people off Obamacare and ended expanded child tax cuts.
Batcat
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- Aug 29, 2020
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That fact that Biden’s popularity is so low indicates a lot of people in our nation believe the “nonsense” I am posting.
You say Trump is greedy. How about your wonderful Joe Biden and his son, Hunter?
High Plains Grifter - Flopping Aces
When there are enough people around you, it's easy to remain in a crowd largely unnoticed. It's easier to hide your flaws, easier to hide your lies, easier to
www.floppingaces.net
The fact is an administration either democrat or republican has limited powers in fighting inflation. The biggest impact an administration has on inflation is the appointment of the federal reserve chairman and governors. Many people point to government spending as being inflationary although many economist believe it's monetary policy not fiscal policy that is responsible for inflation.We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.
I say they have no plan because spending by trump contributed to the inflation.
Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats
As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...
And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.
Even if inflation is caused by fiscal policy, it is not the administration that is ultimately responsibility. Congress passes the appropriation bills and the budget. Much of this spending is mandating by law.
In short, the administration has a few tools that it can use to help control inflation but it is the Federal Reserve that has the jackhammers. Although most of the reasons for the current inflation is due to international events and Covid, the Federal Reserve certainly has the power to control inflation. Yet the inflation rate rose throughout 2021 and the fed did nothing till it was obvious in 2022 that it was out of control.
Jerome Powell, the current federal reserve chairmen is a republican appointed in 2018 by Trump because he believed Powell would bring interest rates down and keep them down which is what he did, bring rates down from 2.5% to .25% which is where they were all of 2021. Biden should have replaced him just like he did other Trump appointees.
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If the fed raises rates too high we have a recession the same as if they did nothing. The difference is how bad that recession will be. In my opinion had we started raising rates gradually last October when inflation hit 6.2%, we wouldn't be talking about a recession today.
It's hard say how much inflation was due to the covid rescue spending last year and how much was due to supply problems.
- Mar 11, 2015
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- Thread starter
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I agree with you. Well said.
Wickerthing
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Whatabout! Whatabout! Get lost if you're not already there. BTW a lot of people believed Trump's nonsense which has become your nonsense for 4 years. But we are seeing how truthful that was every day that we watch the Jan 6 hearings. Lesson: Just because fools believe it, doesn't make it true and when Trump says it, it's a fuckin lie.That fact that Biden’s popularity is so low indicates a lot of people in our nation believe the “nonsense” I am posting.
You say Trump is greedy. How about your wonderful Joe Biden and his son, Hunter?
High Plains Grifter - Flopping Aces
When there are enough people around you, it's easy to remain in a crowd largely unnoticed. It's easier to hide your flaws, easier to hide your lies, easier to
- Banned
- #154
Biden was lying today about inflation. He said it was worse everyplace else and that is a blatant lie.
Why did he lie to the American people? Is it because he is just plain stupid or is he being dishonest to cover up for his failures?
He not only lied to the American people but he lied to the stupid Moon Bats that voted for him and then covered for stealing the election.
www.foxbusiness.com
Why did he lie to the American people? Is it because he is just plain stupid or is he being dishonest to cover up for his failures?
He not only lied to the American people but he lied to the stupid Moon Bats that voted for him and then covered for stealing the election.
Biden falsely claims inflation 'worse everywhere but here,' but US rate higher than most developed countries
Biden claimed at Tuesday's AFL-CIO conference in Philadelphia that inflation is "worse everywhere but here," although the numbers tell a different story.
www.foxbusiness.com
Nostra
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- Oct 7, 2019
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Inflation rate when Trump left office was 1.6%, and gas was around $2 gallon. What mess?
Blackrook
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The Democrats are in charge. What's their plan?We read and hear all the disinformed talking crazy about Biden, but they have no plan to stop inflation. If they had one, they would have presented it to congress. Because if they had one and it worked, they would most certainly assure themselves the majority. Instead it's been about obstruction and the idiocy of Big Money Manchin and Corporate Slave Sinema.
I say they have no plan because spending by trump contributed to the inflation.
Facts First: While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats
As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...
And Rick Scotts tax increase for all is not the answer. So the Republican plan is to get the majority and start bogus investigations on Hunter Biden and attempt to impeach Biden, then Harris. If they appoint trump to speaker, understand that is the first move to the attempt to reinstall him as president. Sane Americans cannot continue falling for disinformation. Biden is not the reason that supply chains have been hampered, COVID is. And we were negatively affected by COVID due to the incompetence of a republican president. We cannot afford to have crazies running our government.
excalibur
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excalibur
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Wickerthing
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Both Clinton and Obama left great economies behind them and Obama's economy was the reason Trump held things together for a while until Covid, supply blockages etc came along. And it was the mishandling of Covid that began the unraveling of the Obama economy that Trump inherited. If you look at the charts of Obama's economy it matches perfectly with what Trump claims for himself. In the Case of Clinton, his, not Trump's economy was the greatest in the modern era. But Trump comes in and claims what he was inheriting was a mess and claimed the good economy as a product of what he was doing. Obama was left a true mess by W. In fact there are more cases of Democrats fixing GOP economies than what you are claiming as the work of the GOP. What Trump left was an economy in decline and Covid raging. He also left a divided nation because of his hateful rhetoric, his racist rants his cruel foreign policies including immigration policies and his lies about the left. But you Trumpers bought the whole thing without question. And you are still spreading Trump's poison to this day. You'll have some explaining to do to your kids and yourself. Good luck with that.
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