Republicans Have No Plan to Fix Inflation

[flacaltenn]

Yes and they also change the rules like demanding ID's, Asking personal questions, restricting voting hours, trimming the number of poll stations, positioning them in hard to get to places. etc etc. Discouraging mail in and absentee ballots etc. Don't even try to pretend that this isn't also going on. They (GOP) understand clearly that the more that blacks get an easy road to voting, the more votes for the democrats. If you tell me that's not true then you are being dismissive of the obvious. Never miss a chance to shit on Biden. You are smarter than to think these are circumstances of his choice. It happens to both parties and the elements that bring it about are largely out of a President's reach and influence. Right now it is Corporate gouging.

ALSO -- not the topic of THIS thread. And no possible connection to inflation is there?

 

[flacaltenn]

26 posts deleted on the last 5 pages. 2 warnings with thread bans. TOPIC IS INFLATION. THis is not a rehash of EVERYTHING POLITICAL that involves Biden or the last dude. All those left in -- wrap it up because this topic is pretty much gnawed down to the cob. Prob'ly close this evening.

 

[bripat9643]

Oh! Check the history. Biden has a long way to go to reach 7.8 trillion and much of the Biden spending is trying to soften the blow of unemployment and Covid mismanagement. You GOPers care SO DAMN MUCH about spending but only when it's democrat spending.

Biden signed $2 trillion in spending almost the day he ascended the throne.

 

[Nostra]

Redistricting and other measures.

See? Don't stop when you just think you know something. This is what I'm concerned about with your reading comprehension.

Feel free to bring these “other measures” that only allow whites to vote.

Your “redistricting” lie has already been exposed, Simp.

 

[bripat9643]

Biden signed $2 trillion in spending almost the day he ascended the throne.

The $2 trillion is more like $5 trillion if you did honest accounting on the bill.

 

[miketx]

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.

Republicans aren't in charge, bed wetter.

 

[Flopper]

Xiden does. Why? Why don't you demand he do everything he can to get the prices to go back down by building up production? you all are fked in the head.

Here you go.

Building up production should not be done because you have to hire more people and that will create more demand for goods and services which is inflationary. There are two methods to control inflation, fiscal and monetary. Fiscal requires that government cut spending and that means congress has to decide what to cut. Monetary means reducing the money supply which makes more sense because it does not require an act of congress and the Fed has all the tools it needs to stop inflation. The only problem is that if the Fed tightens too much or at the wrong time, the country goes into a recession.

 

[jc456]

Building up production should not be done because you have to hire more people and that will create more demand for goods and services which is inflationary. There are two methods to control inflation, fiscal and monetary. Fiscal requires that government cut spending and that means congress has to decide what to cut. Monetary means reducing the money supply which makes more sense because it does not require an act of congress and the Fed has all the tools it needs to stop inflation. The only problem is that if the Fed tightens too much or at the wrong time, the country goes into a recession.

So, you go out of business? LOL. I won’t invest with you.

Bring gas prices down and badda boom

 

[candycorn]

I have a degree in economics.

 

[Dragonlady]

I have a degree in economics.

Do you know how the money supply works? Do you know why we get inflation?

In a good world, the Fed controls it.

But this, apparently, is no longer a good world. Check the Japanese yields today? Someone posted a chart in the other thread. Japan owns half the government bonds in the whole entire world, if they go the whole world will go with them.

Global, yeah. We do understand. The American economy drives many others. And, we are not invulnerable. As the financial meltdown of 2008 showed us.

Home economics???? Because just this post proves you know nothing about business and economics.

 

[Dragonlady]

Building up production should not be done because you have to hire more people and that will create more demand for goods and services which is inflationary. There are two methods to control inflation, fiscal and monetary. Fiscal requires that government cut spending and that means congress has to decide what to cut. Monetary means reducing the money supply which makes more sense because it does not require an act of congress and the Fed has all the tools it needs to stop inflation. The only problem is that if the Fed tightens too much or at the wrong time, the country goes into a recession.

"Fiscal and monetary" are the same thing.

 

[Tom Paine 1949]

Not true, Dragonlady . Fiscal refers to budgetary spending and taxation. Mobetary refers to Federal tightening or loosening of credit and hence (theoretically) contraction or expansion of the money supply.

The Fed has a few other tools like QE or QT purchasing or selling of government bonds and other securities … which “monetizes” or de-monetizes these debts. The Fed “creates” out of thin air the money to purchase these financial “assets” and need not in theory ever sell them. There are over 8 trillion of these “monetized” assets on the Fed’s books today, but most are now sold or “rolled off” their books at the rate of about 50 billion a month as part of QT.

 

[Tom Paine 1949]

Trump Republicans should have the courage to say if they agree with or disagree with the Federal Reserve’s policies to reduce inflation, and how so. This is especially necessary since Trump while in office pressured Fed Chairman Powell to move toward a zero interest policy, which would have been even more disastrous:

***

President Donald Trump lashed out at Federal Reserve Chairman Jerome Powell on Tuesday as the central banking chief dismissed the possibility of the U.S. adopting negative interest rates….

Speaking before the House Financial Services Committee, Powell threw cold water on the notion that the Fed would send its benchmark interest rate below zero – particularly during a time of economic expansion. Trump has long pressured Powell and the Fed to reduce interest rates to juice the economy – despite criticizing former Fed Chair Janet Yellen for keeping rates low throughout much of former President Barack Obama's term….

https://www.usnews.com/news/economy/articles/2020-02-11/fed-chairman-jerome-powell-dismisses-negative-rates-despite-pressure-from-trump

 

[miketx]

Home economics???? Because just this post proves you know nothing about business and economics.

Dear lying communist, just the fact they took back the house is a good start. Suck on that.

 

[bripat9643]

Trump Republicans should have the courage to say if they agree with or disagree with the Federal Reserve’s policies to reduce inflation, and how so. This is especially necessary since Trump while in office pressured Fed Chairman Powell to move toward a zero interest policy, which would have been even more disastrous:

***

President Donald Trump lashed out at Federal Reserve Chairman Jerome Powell on Tuesday as the central banking chief dismissed the possibility of the U.S. adopting negative interest rates….

Speaking before the House Financial Services Committee, Powell threw cold water on the notion that the Fed would send its benchmark interest rate below zero – particularly during a time of economic expansion. Trump has long pressured Powell and the Fed to reduce interest rates to juice the economy – despite criticizing former Fed Chair Janet Yellen for keeping rates low throughout much of former President Barack Obama's term….

https://www.usnews.com/news/economy/articles/2020-02-11/fed-chairman-jerome-powell-dismisses-negative-rates-despite-pressure-from-trump

I don't agree with the existance of the Federal Reserve

 

[Tom Paine 1949]

I don't agree with the existance of the Federal Reserve

You might as well say you “don’t agree” with the existence of banks, the U.S. dollar, or American capitalism.

Your answer exposes your complete economic ignorance. I note you don’t propose any alternative to the Federal Reserve. I also note you want to sound “tough” but have no answer to my comment about what monetary policy should be now, or whether Trump’s pressuring the Fed to pump even more money into the economy throughout his time in office was correct or not.

 

[bripat9643]

You might as well say you “don’t agree” with the existence of banks, the U.S. dollar, or American capitalism.

Your answer exposes your complete economic ignorance. I note you don’t propose any alternative to the Federal Reserve. I also note you want to sound “tough” but have no answer to my comment about what monetary policy should be now, or whether Trump’s pressuring the Fed to pump even more money into the economy throughout his time in office was correct or not.

Sorry, turd, but the Federal reserve is a tool the government uses to debase the currency. You would jave us believe we didn't have capitalism before 1914. Only ignorant morons believe that.

Your post is ironic because your complete economic ignorance. My answered to your braindead question is that the government shouldn't have a monetary policy. The government shouldn't be manufacturing money out of thin air.

When did Trump pressure the Fed to print more money?

 

[Mr Natural]

Another round of tax cuts for the billionaires will take care of the inflation problem.

 

[Redfish]

Another round of tax cuts for the billionaires will take care of the inflation problem.

the Trump tax cuts cut taxes for everyone that pays taxes, not just billionaires, stop lying about this. you probably have a negative tax bill due to EIC, so you cannot get a tax cut.

 

[miketx]

Another round of tax cuts for the billionaires will take care of the inflation problem.

Can't stop lying can you? You clowns must be scared shitless now that trumps running. Prison awaits you.