Voters punished Biden for problems he didn't cause and effectively addressed

[jc456]

Take a basic class where the bases of the Federal Reserve is explained to you.

so you are unable to summarize your post? interesting. Doesn't surprise me, you all just spew nonsense for nonsense sake.

 

[jc456]

Fair enough.




It was the over pumping for a dozen years.

I read where they want to go to 3%. Mistake. We just seem to love this boom/bust economy for some odd reason.

Like saving GM?

 

[Marener]

Actually President Joe Biden's massive spending and idiotic policies caused a 9.1% inflation rate, drove gas prices up to $7 per gallon, created millions of government jobs and jobs for illegal aliens, caused a weaker GDP growth than Russia's GDP growth, made a bunch of rich Wall Street speculators richer and shit all over American manufacturing.

Not only that, but he flooded the entire country with criminal illegals and fentanyl, caused two major wars, weakened the US military through DEI, strengthened our enemies, divided the nation by race, gender, and economic status, and caused the entire country to become a laughingstock of the world.

But thanks for playing. Now take your participation prize and go home. The game is over.

COVID caused inflation. Biden didn’t cause COVID.

 

[pknopp]

so you are unable to summarize your post? interesting. Doesn't surprise me, you all just spew nonsense for nonsense sake.

Somehow or another Stormy and I can explain things between us just fine. Somehow you are unable to counter anything we have posted.

Silly little boy insults is all you have.

 

[pknopp]

Like saving GM?

It's not up to the taxpayers to "save GM".

I remember before the bankruptcy it was argued that GM couldn't go through a bankruptcy as it would be disastrous for the industry.

I would note that airlines had gone through them many times.

They did go through a bankruptcy of sorts (granted not a proper one) and the doom and gloom never happened.

Now where in this capitalism that you pretend to support do we find the part where the taxpayers should be on the hook for billions of dollars to prop up a poorly run business?

 

[HikerGuy83]

What's even worse than when some moron can't understand that inflation is expected and desired is when they think that reducing inflation will mean lowering prices.

Not quite sure what this means, but I agree.....

Prices rarely tend to come down. I have seen a few in the grocery store...but generally they don't.

People can only hope the rate stays low and wages catch up.

Those with savings that did not keep up lose buying power.

 

[pknopp]

COVID caused inflation. Biden didn’t cause COVID.

The actions during Covid contributed to inflation. We were well on our way even before that. It might not have been as bad, it's hard to tell but it was going to happen.

 

[Stormy Daniels]

Given where things were landing, I think it had pushed as far as it could go. Much higher and consequences would have started to become much more severe.

Well, sure it would have become more severe. But that's really just a tautological statement. If high inflation goes higher, the economic picture becomes more severe.

It has a way of regulating unless your government is just printing money out the wazoo.

But that's not really accurate. Monetary supply and currency supply are not the same thing. The vast majority of money in the US economy doesn't exist in currency form. It only exists on ledgers. The only way printing and minting new currency will contribute to inflation is 1) if an extraordinary amount of new currency is issued very rapidly (such as the $10 trillion coin plan that some liberals suggested back during the Obama administration to pay off the national debt), or 2) if ledger money is first fully supplanted by new currency.

There's no real self regulation mechanism to inflation prior to a catastrophic end. That's why the Fed is constantly managing inflation at all times.

 

[jc456]

Somehow or another Stormy and I can explain things between us just fine. Somehow you are unable to counter anything we have posted.

Silly little boy insults is all you have.

Stormy didn't vote for trump. so I have no fking clue what you demofks discuss on your compliance shit.

 

[JGalt]

I think that was kind of the Fed's approach--after it was too late, of course.

The Federal Reserve doesn't have a clue what they're doing, and they're still relying on policies based on printing inflationary money and dicking around with the interest rate.. Couple that with the Democrat's idiotic policies of hampering businesses with more regulations, raising taxes, and increasing the size of government, it's no small wonder why we saw a 9.1% inflation rate in 2022.

Here's another clue for you:

"There are 89 Democrat and 4 Republican economists in leadership positions at the Federal Reserve System. Thus, the Democrat to Republican ratio for the economists in leadership positions at the Federal Reserve System is 22.25 to 1. There are also 119 Democrat and 16 Republican economists in non-leadership positions at the Federal Reserve System. The Democrat to Republican ratio for the economists in non-leadership position at the Federal Reserve System is 7.44 to 1. I find that economists in leadership positions at the Federal Reserve System are noticeably more left-leaning than economists in non-leadership positions."

Political Affiliations of Federal Reserve Economists | Emre Kuvvet

 

[jc456]

COVID caused inflation. Biden didn’t cause COVID.

sure he did. Gain of Function was all demofks.

 

[pknopp]

Stormy didn't vote for trump. so I have no fking clue what you demofks discuss on your compliance shit.

Nor are you able to comprehend basic economic systems and how they work (or work poorly).

We have been explaining it.

You sit dumbfounded.

 

[toobfreak]

Voters punished Biden for problems he didn't cause and effectively addressed​

Gee, you could say the same thing about Trump in 2020, but I know you won't.
No, people punished Biden for all the horrible things that he DID cause.

Trump again inherits a strong economy from President Biden

The stock market is doing well. Meantime, a lot of people are having a hard time finding jobs or are working two jobs to make ends meet.

 

[Marener]

The actions during Covid contributed to inflation. We were well on our way even before that. It might not have been as bad, it's hard to tell but it was going to happen.

There’s plenty of blame to go around. Regardless of how much responsibility he bears, he got 100% of the blame.

 

[jc456]

The actions during Covid contributed to inflation. We were well on our way even before that. It might not have been as bad, it's hard to tell but it was going to happen.

we were? when? tell us ole wise one what month in 2019 you made this drastic find?

 

[Marener]

Gee, you could say the same thing about Trump in 2020, but I know you won't.

People didn’t like Trump’s leadership during COVID (and before). That’s not blaming him for something he didn’t do. That’s blaming him for being a bad leader.

 

[MarathonMike]

‘In what will be a generous gift to his successor, President Joe Biden beat inflation, brought down gas prices, created millions of jobs, spurred strong growth, boosted retirement savings and revived American manufacturing — just in time for Donald Trump to take credit for all of it.

Any objective assessment of Biden’s tenure would show him to have been a highly successful president, especially on economics (even if no president can actually bring down the price of gas all by himself). The fact that he is widely viewed as a failure shows just how warped our political and informational systems are.

In the inevitable circular firing squad Democrats and progressives are now assembling, one of the most prominent criticisms is that the party plays too much to its highly educated base, and if it wants to succeed then it must reconnect with working-class voters. As Sen. Bernie Sanders, I-Vt., said Wednesday, “It should come as no great surprise that a Democratic Party which has abandoned working-class people would find that the working class has abandoned them.”

Yet, far from “abandoning” working-class people, Biden’s has been the most economically populist presidency in decades, probably since FDR’s. He was the first president to walk a picket line, with striking autoworkers. His labor record has been exemplary: He banned noncompete agreements for most workers, expanded overtime pay and saved the pensions of hundreds of thousands of workers. The Federal Trade Commission is finally attacking monopoly power. The Consumer Financial Protection Bureau, which all but lay fallow under Trump, is protecting consumers again. The bills he signed have begun a manufacturing boom, focused purposefully on jobs that don’t require college degrees.’

Opinion | Voters punished Biden for problems he didn’t cause and effectively addressed

The fight against rising prices has essentially been won. But few in the electorate seem aware.

www.msnbc.com

President Biden, yet another Democratic president who cleaned up yet another Republican mess.

Trump inherited a strong economy from President Obama – a strong economy Trump managed to run into the ground.

Trump again inherits a strong economy from President Biden – which Trump will likely run into the ground.

Clayton illustrates the complete denial of the Democrats' failure and corruption that will keep the GOP in power for the next 12 years. Hopefully that will be enough time undo most of the damage they have done to our government, the economy, and our law and order.

 

[Stormy Daniels]

It was the over pumping for a dozen years.

I read where they want to go to 3%. Mistake. We just seem to love this boom/bust economy for some odd reason.

It really kind of started at the beginning of the century, didn't it? Greenspan in the Bush years propped up the economy wiht low interests rates, for the sake of Wall Street and corporate interests, though reasoned on recovery from 9-11 and the effects of the invasions of Afghanistan and Iraq. Obama era policy, in many ways, was somewhat chickenshit about deviating from Greenspan's unapologetic neoliberalism. After so much time equating cheap/nearly free access to new money as the only avenue to prosperity, many people have been basically conditioned to accept an antagonistic concept of the economy.

 

[HikerGuy83]

But that's not really accurate. Monetary supply and currency supply are not the same thing. The vast majority of money in the US economy doesn't exist in currency form. It only exists on ledgers. The only way printing and minting new currency will contribute to inflation is 1) if an extraordinary amount of new currency is issued very rapidly (such as the $10 trillion coin plan that some liberals suggested back during the Obama administration to pay off the national debt), or 2) if ledger money is first fully supplanted by new currency.

That was what I referencing. It has, to my limited knowledge, only really rocketed when there was massive printing of money in short order.

There's no real self regulation mechanism to inflation prior to a catastrophic end.

I struggle with this one.

 

[jc456]

Gee, you could say the same thing about Trump in 2020, but I know you won't.
No, people punished Biden for all the horrible things that he DID cause.


The stock market is doing well. Meantime, a lot of people are having a hard time finding jobs or are working two jobs to make ends meet.

dude, I watched 60 minutes last evening and the demofks are entirely lost in their own shit. 60 minutes went to PA and talked with converted dems, and they told this guy it was the economy and border stupid, and this dude goes, but inflation is coming down, gas prices are declining and yadda yadda demofks rally points, and the people said, uh, no, I can't buy groceries, I can't buy gas, I can't pay my mortgage, and this dude looked stunned. Demofks have no fking clue about american life.