Bernie Sanders explains. *On the Fox website*.

[Craig234]

Great editorial from Bernie telling the truth, and somehow, the Fox website published it. Now, I'd guess not that many Fox viewers read the website, but still. His point: The problem is corporate greed more than inflation, and Republicans would worsen it.

Our economic crisis isn’t inflation, it’s corporate greed and the GOP will only make that worse

Our economic crisis isn’t inflation, it’s corporate greed which is at a 70-year high and oil companies are buying back their stock, not lowering prices.

www.foxnews.com

 

[Gateman_Wen]

Great editorial from Bernie telling the truth, and somehow, the Fox website published it. Now, I'd guess not that many Fox viewers read the website, but still. His point: The problem is corporate greed more than inflation, and Republicans would worsen it.

Our economic crisis isn’t inflation, it’s corporate greed and the GOP will only make that worse

Our economic crisis isn’t inflation, it’s corporate greed which is at a 70-year high and oil companies are buying back their stock, not lowering prices.

www.foxnews.com

As usual for Bernie it's well thought out, factual, and respectfully presented.

It's a shame that I believe you are correct and few Fox viewers will see it, but "fox viewers" and "reading" go together about as well as oil and water.

 

[NatMorton]

Bernie blaming "corporate greed?"

Stunner.

 

[CaughtInThe]

Bernie blaming "corporate greed?"

Stunner.

you protecting big companies so those big companies can take more $$$$ from you and your family.

stunner.

 

[Chomsky]

As usual for Bernie it's well thought out, factual, and respectfully presented.

It's a shame that I believe you are correct and few Fox viewers will see it, but "fox viewers" and "reading" go together about as well as oil and water.

Yep, Bernie's not getting much love in the public comments section!

 

[aociswundumho]

As usual for Bernie it's well thought out, factual, and respectfully presented.

It's not "well thought out", nor is it factual. One of the biggest lies is this:

Let’s be clear. Inflation is not unique to America. It is an international crisis. In the European Union, inflation is nearly 11%. In Germany, it is 11.6%. In the United Kingdom it is 10.1%. In Ireland, it’s 9.6%. In America, it’s 8.2%, much too high, but lower than it is throughout much of Europe.

The truth is that inflation is, to a significant extent, caused by the ongoing global pandemic, the break in international supply chains and the horrific war in Ukraine. But there is another major reason for inflation that too few people talk about. And that is the unprecedented level of corporate greed that we are now seeing.

...

Even though inflation is an international problem, my Republican colleagues want to blame rising prices on Democratic spending

Inflation is not an international problem. It's a problem only for the people who live in countries with governments that are aggressively printing money and devaluing their currencies.

The inflation rate for Switzerland is 3%.

The inflation rate for Japan is also 3%

The inflation rate for the second largest economy on the planet is 2.8%

Further, as a result of the pandemic, in early 2021 the United States was suffering its worst economic downturn since the Great Depression. Twenty-four million Americans were unemployed, under-employed or had given up looking for work. Hunger in America was at its highest level in decades. Millions of Americans were in danger of being evicted from their homes. Hundreds of thousands of small businesses all over the country were on the verge of going bankrupt.

The Covid recession lasted two months and was caused entirely by the idiot government shutting down the parts of the economy with the fewest lobbyists:

COVID-19 Recession (February - April 2020)

The COVID-19 recession is by far the deepest since World War II. It is also the shortest, lasting only two months from peak to trough. Real GDP fell by 31.2% in the second quarter of 2020, and unemployment peaked at 14.7% in April 2020. But in the third quarter, there was a remarkable recovery: Real GDP rose by 33.8% and the unemployment rate fell to 7.9% by the end of September. For the rest of 2020 and 2021, real GDP continued to increase at a less dramatic rate of between 2% and 7%, and unemployment gradually fell. By April 2022, the unemployment rate was back to its prerecession level of 3.6%. However, real GDP growth turned negative in the first quarter of 2022, threatening the post-COVID recovery.

The enormous fall in GDP and employment in the second quarter of 2020 was a direct consequence of measures taken by public authorities to control the spread of the SARS-CoV-2 virus. SARS-CoV-2 originated in China in 2019 and quickly spread worldwide.

Bernie is either a clever grifter or a complete idiot, take your pick.

 

[aociswundumho]

Today, we live in an economy in which the billionaires are getting much richer while working families fall further behind.

we now have more income and wealth inequality than we have ever had in the history of our country – with three multi-billionaires owning more wealth than the bottom half of Americans.

you should know that billionaires in the global food and agri-business industry became $382 billion richer during the pandemic.

want to provide billionaires a tax break worth up to $1.75 trillion by completely repealing the estate tax.

How would Republicans pay for this $1.75 trillion tax break to billionaires?

and lobbyists who work overtime in protecting the interests of billionaires and corporate interests.

He used to always rail against millionaires as well, but he had to stop after he became a millionaire by selling his dumb book to dumb people.

 

[Gateman_Wen]

Inflation is not an international problem. It's a problem

Prove that.

I'll wait.

 

[aociswundumho]

Prove that.

I'll wait.

Prove what? There are two separate claims in the text you quoted.

 

[Craig234]

Yep, Bernie's not getting much love in the public comments section!

Wow, the ignorance, all upvoted pretty much like over 100 to a handful of downvotes, except one comment that's better and it was heavily downvoted. Did you now that rich Bernie, whose wife ran a scam, is against any profits for corporations?

 

[Craig234]

"To be fair, nobody ever accused Sanders of being an economic scholar. Clearly failed ECON 101."

"Would you really expect anything other than this from a know-nothing communist?"

"How quickly we forget that we elected a rich businessman as president, who had no political experience and created wealth for the average American. And then a professional political became president, who created a recession. "

"Isn't the purposes of most businesses to make money ? I dont have a problem with that...especially the ones I own stock in. LOL. I notice the career politicians dont have a problem voting themselves wage increases."

 

[The flaming lib]

Bernie Sanders……………my brother the leftist loves when I do my impressions of Bernie the buffoon. Anyways, he has a pair of loons living on his lake in northern Michigan affectionately called Bernie and Jane.

 

[pragmatic]

Great editorial from Bernie telling the truth, and somehow, the Fox website published it. Now, I'd guess not that many Fox viewers read the website, but still. His point: The problem is corporate greed more than inflation, and Republicans would worsen it.

Our economic crisis isn’t inflation, it’s corporate greed and the GOP will only make that worse

Our economic crisis isn’t inflation, it’s corporate greed which is at a 70-year high and oil companies are buying back their stock, not lowering prices.

www.foxnews.com

Bernie's conclusions are certainly convenient for democrats on the eve of a major election.

To summarize: "None of this is our fault. It's all their fault."


(Not exactly shocking. Could sway a few votes....but prolly not.)

..

 

[Craig234]

Bernie's conclusions are certainly convenient for democrats on the eve of a major election.

There's the Republican mentality. Someone offers truth and better policies, and Republicans can't understand it and can only say isn't THAT convenient that the solutions they offer happen to line up with their political opinions, like that somehow makes them a corrupt liar. It's like a doctor saying someone needs an antibiotic and you say 'isn't THAT convenient a service YOU MAKE MONEY PROVIDING'

To summarize: "None of this is our fault. It's all their fault."

Nevemind if it's true. Who cares about that.

 

[Gateman_Wen]

Prove what? There are two separate claims in the text you quoted.

Seriously? You couldn't figure that out from the quoted txt?

Prove inflation is not an international problem.

'I'll wait some more.

 

[aociswundumho]

Seriously? You couldn't figure that out from the quoted txt?

Prove inflation is not an international problem.

It's a national problem because each nation controls the supply of its own currency. The US is aggressively printing money which creates inflation. China isn't.

 

[Gateman_Wen]

It's a national problem because each nation controls the supply of its own currency. The US is aggressively printing money which creates inflation. China isn't.

View attachment 67421768

International problem because economies aren't free standing these days. It isn't coincidental that every other first world country with a free economy is seeing inflation similar to or worse than ours. You can't use a controlled economy like china's as an example because it's artificial. Then there's the fact that their numbers aren't to be trusted anyway.

I'm afraid you'll have to do better to prove your point.

 

[aociswundumho]

International problem because economies aren't free standing these days.

They "free standing" regarding money printing, and that's what causes inflation.

It isn't coincidental that every other first world country with a free economy is seeing inflation similar to or worse than ours.

That's false. Switzerland and Japan both have inflation rates of 3%. Know why? Because they are not aggressively printing money.

You can't use a controlled economy like china's as an example because it's artificial. Then there's the fact that their numbers aren't to be trusted anyway.

I'm afraid you'll have to do better to prove your point.

 

[Craig234]

International problem because economies aren't free standing these days. It isn't coincidental that every other first world country with a free economy is seeing inflation similar to or worse than ours. You can't use a controlled economy like china's as an example because it's artificial. Then there's the fact that their numbers aren't to be trusted anyway.

US: terrible inflation, Democrats suck
Turkey: not a problem
Argentina: not a problem
Netherlands: not a problem
UK: not a problem
Germany: not a problem
EU: not a problem
Spain: not a problem
Italy: not a problem
Mexico: not a problem

Isn't it obvious to you?

Inflation is a US problem caused by Democrats.

And obviously, Republicans know how to fix it.

 

[Gateman_Wen]

That's false. Switzerland and Japan both have inflation rates of 3%. Know why? Because they are not aggressively printing money.

They have been artificially suppressing their economies for decades.

https://mises.org/wire/what-causes-exceptionally-low-inflation-japan-and-switzerland. IOW more government control, not less.

 

[Gateman_Wen]

They "free standing" regarding money printing, and that's what causes inflation.



That's false. Switzerland and Japan both have inflation rates of 3%. Know why? Because they are not aggressively printing money.

At any rate you're focusing on a few exceptions rather than the preponderance of countries that are experiencing the same or worse than we are.

There are always exceptions, that doesn't mean the rule is wrong.