The inflation situation is much WORSE than it was 40 years ago

[JackOfNoTrades]

Because that’s not the topic. Stop with the leftist deflection when you can’t refute the point.

I am saying that the media is reporting that Biden has us in the worst inflation in 40 years, when in truth things weren’t as bad 40 years ago because the high inflation was offset by even higher, GUARANTEED returns.

The topic is

The inflation situation is much WORSE than it was 40 years ago​

No, it isn't. It's just different.

Why today’s inflation is nothing like the inflation of the 1970s - MinnPost

Don’t panic.

www.minnpost.com

 

[Lisa558]

I think we need to take the same approach as Re agan and Volcker to this inflation problem. See, currently, inflation is primary caused by three factors. Pent-up demand due the Covid pandemic, supply chain problems because of the Covid pandemic, and labor shortages because, wait for it, the Covid pandemic. Nothing like 1982, but let's take the, at the time, Republican approach. But make no mistake about, Reagan would be ran out of the Republican party today, and probably tared and feathered before hand.
plani
First, you increase taxes. Yep, I said it. And the reality is that Reagan's tax increase in 1982 was the second highest in history as measured by percentage of GDP. The introduction of Medicare by Johnson is the only one higher. Second, you get the ultimate asshole, like Volcker, to drive interest rate through the roof. Damn skippy, I got no problem with CD's paying 15%, matter of fact, I start making money hand over fist. And housing prices, them fawkers collapse. Which is fine by me. My house is paid for and I ain't going anywhere.

But what is really comical, is that the Reagan plan is the antithesis of what Republicans would support today. Bought and bossed, that is your modern Republican party.

You want to increase taxes on people in the midst of a 40-year high in inflation, when they can’t even pay for groceries or fill their gas tank? People are suffering enough under liberalism; you want to make It worse?

 

[JackOfNoTrades]

I’m losing patience with you and your alt-right nonsense. Alt-right is the KKK. How does my pointing out that inflation was offset by high returns that we don’t have now.

You are getting panicky because regular Americans are now feeling the hit of liberal policies, and we have an election coming up.

No. Alt-Right has evolved to include mainstream conservatism...save for a few outliers (Cheney..etc).

 

[Lisa558]

The topic is

The inflation situation is much WORSE than it was 40 years ago​

No, it isn't. It's just different.

Why today’s inflation is nothing like the inflation of the 1970s - MinnPost

Don’t panic.

www.minnpost.com

Forty years ago was 1982, and that is the time period that is always being compared.

I have no idea about the opinion piece you posted from some liberal rag out of Minnesota.

 

[Lisa558]

No. Alt-Right has evolved to include mainstream conservatism...save for a few outliers (Cheney..etc).

So you are now demonizing mainstream conservatives as “alt-right”? IOW, anyone who doesn’t agree with far-left policies is part of a group traditionally known for KKK and new-Nazis?

 

[Not a Monkeys Uncle]

Alt-Right

Fake Orwellian made-up phrase.

 

[Not a Monkeys Uncle]

US inflation hits highest level for nearly 40 years

Prices rose 6.8% in the year to November with the cost of fuel, used cars and food rising fastest.

www.bbc.com

 

[Lisa558]

Fake Orwellian made-up phrase.

Seems to me that leftists like Jack are so intolerant of anyone who doesn’t submit to the liberal agenda that they now consider what he admits are “mainstream conservatives” part of an extreme fringe group known for Nazis.

It would be like my saying all Democrats are part of the Nation of Islam or Antifa.

 

[BluesLegend]

Suffices to say that HATING Democrats is becoming popular.

 

[BluesLegend]

Seems to me that leftists like Jack are so intolerant of anyone who doesn’t submit to the liberal agenda that they now consider what he admits are “mainstream conservatives” part of an extreme fringe group known for Nazis.

It would be like my saying all Democrats are part of the Nation of Islam or Antifa.

Don't worry the left will be destroyed.

 

[JackOfNoTrades]

So you are now demonizing mainstream conservatives as “alt-right”? IOW, anyone who doesn’t agree with far-left policies is part of a group traditionally known for KKK and new-Nazis?

They've been co-opted for the most part..except for a few. The "real" conservatives. The night Obama was elected, the right in this country..Lost..their..shit. It's been a slow rise of the alt-right since. Sorry, you've been bought, whether you know it or not. You espouse their views, sympathize with their plight, and in the end..make excuses based in faith of your savior..that they are in the right. Co---opted.

 

[Lisa558]

Don't worry the left will be destroyed.

I hope so.

 

[BluesLegend]

I hope so.

Trust in 5,000+ years of human history, these scum are always destroyed in the end.

 

[Turtlesoup]

I notice you didn't actually address any of the actual real inflation and shortages in the 70's. Just reverted to..DEMOCRATS.....BAD!!

FUEL was a shortage due to CARTER pushing the globalist socialist mantra that OIL was becoming extinct---once the fuel prices shot up, so did everything else in spades. Atleast oil was in US $$$.

Biden has attacked our fuel as per his globalist socialist pushing. Fuel prices are starting to skyrocket (FPL already planning 4 year major hikes to cover increase fuel prices before then tacking on more fees to cover building more solar farms)-------basic fuel prices are already going way up---and this will only shoot up. Biden has also taken steps to destroy the US $$$ which will bring all sorts of more hurt forcing Fuel prices to skyrocket even further and for americans to not be able to buy much of anything. Many Oil producers want out of the US $$$ control already.

As fuel prices go up----so does the cost of everything. Higher prices mean corners will have to be cut so people will buy less and companies will have to cut costs (wages will have to be cut meaning fewer working and lower pay.)

RENT PRICES will go down----having to allow mooches in and the cost of everything going up will prevent people renting----good luck trying to find a place to live if you don't own your own home. Interest rates will shoot up, which make the cost of buying a home much higher with the cost to build also much higher. Food prices are also going to go up for the forseeable futures and the welfare free loaders are going to find that their free shit doesn't cover as much...so groups new forced on welfare and the old always been will be fighting it out. People are going to have to cut back on everything---

 

[JackOfNoTrades]

Seems to me that leftists like Jack are so intolerant of anyone who doesn’t submit to the liberal agenda that they now consider what he admits are “mainstream conservatives” part of an extreme fringe group known for Nazis.

It would be like my saying all Democrats are part of the Nation of Islam or Antifa.

What "liberal agenda?".
You've allowed your belief system and values (which were suspect to begin with) to be hijacked by the worst of the worst that have found a home on your side of the aisle.

I agree with almost nothing Liz Cheney espouses policy wise...but I respect the fact that she dictates her own positions and she won't bend to fealty. Because she knows that means her party's destruction.

And you believe the whole Antifa lie anyway...

 

[Not a Monkeys Uncle]

What "liberal agenda?"

Jack of No Brains

 

[Lesh]

Back in 1982, inflation was just over 10%,

And currently inflation is 7%

STFU retard

 

[Lisa558]

What "liberal agenda?".
You've allowed your belief system and values (which were suspect to begin with) to be hijacked by the worst of the worst that have found a home on your side of the aisle.

I agree with almost nothing Liz Cheney espouses policy wise...but I respect the fact that she dictates her own positions and she won't bend to fealty. Because she knows that means her party's destruction.

And you believe the whole Antifa lie anyway...

And you believe the whole BLM lie.

And the liberal agenda is obvious: welcome in illegals for their eventual votes, get as many people dependent on government handouts, drive inflation with massive spending bills, and crash the economy. The radical leftists even admit the capitalist society needs to be destroyed.

 

[Lesh]

And you believe the whole BLM lie.

And the liberal agenda is obvious: welcome in illegals for their eventual votes, get as many people dependent on government handouts, drive inflation with massive spending bills, and crash the economy. The radical leftists even admit the capitalist society needs to be destroyed.

You're literally out of your mind

 

[LAUGHatLEFTISTS]

I notice you didn't actually address any of the actual real inflation and shortages in the 70's. Just reverted to..DEMOCRATS.....BAD!!

I noticed you’ve not provided a single link to back up your facts(feelings).