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Inflation Is Worldwide, Not Caused By The President.

NatMorton said:
"Look, I know we had numeric majorities in both Houses and control of the White house, but we really didn't have control ..."

That's going to play well come November, too.
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Sure. But surely you agree there’s a difference between demagoguery and public popular opinion versus actual facts. Which camp do you fall in?
 
NatMorton said:
Ah, I see. We're not in trouble from too much government spending. We're in trouble because the government didn't spend enough.

And had we only poured more gasoline on the fire we could have saved this building ...
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Actually, European governments did take a markedly different approach to the pandemic, which saved jobs. America didn't do that because conservatives are too powerful. If only we had moved quickly to create a large spending bill to reimburse businesses to keep workers on the payroll, then business would not have had to fold, everything could have been put on pause until it was safe to mic and mingle again.

Perhaps the European approach produced less inflation? Sure looks like it.

Maybe the USA should learn a lesson from that? Sure looks like it.
 
Peacenik said:
It's easier to sell a made up story than to go with the cold hard truth. That's why Republicans are so good at controlling the message. If limited to the truth, that's a narrow lane. When only limited by imagination, all things are possible.
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Your problem isn't the Republicans' message. It's the Democrats' record.
 
NatMorton said:
"Look, I know we had numeric majorities in both Houses and control of the White house, but we really didn't have control ..."

That's going to play well come November, too.
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Well informed minds would understand that. Fox viewers? Not so much.
 
Peacenik said:
It's so easy to blame the fed. And quite popular, too. It is a populist position.
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Call it what you like. It's an accurate position. The Fed didn't take steps in '20 and '21 because they said they believed the growing inflation was "transitory." Were they right or were they wrong?
 
noonereal said:
Great post! 🤡
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Funny thing is, the right can't define what great means. They want to make America great again, but can't tell you precisely when it was great before, when it ceased being great, and what, precisely, needs to change to make it great again. Apparently, for many on the right, great means violently attacking our own government after a fair election they refused to accept the outcome of.
 
NatMorton said:
Your problem isn't the Republicans' message. It's the Democrats' record.
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It is America's problem and it is bigger than either party. It is called legalized corruption.
 
NatMorton said:
Re the economy, he's not made things better, that's for sure.
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Yes he did, by releasing oil from the reserves. If that wasn't done, things would be worse. The worst inflation has occurred since the Ukraine War. Biden has guided us skillfully, and warned us ahead of time what the sanctions would cause: higher prices. Paying more for things is what Americans have to do to support Ukraine. It is Russia's fault. Blame Putin. We are lucky to have Biden in the WH.
 
NatMorton said:
Call it what you like. It's an accurate position. The Fed didn't take steps in '20 and '21 because they said they believed the growing inflation was "transitory." Were they right or were they wrong?
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Economists will study that question for ages. The fed had no way of knowing that a) America oil companies would not pump more oil when it was needed, and that b) Putin would really attack Ukraine.
 
Meanwhile, some workers relocated, moving in with friends or family members. Some left high-cost areas like New York and San Francisco to live in areas with lower costs of living.

As the U.S. economy began to reopen, this meant that workers were not necessarily able to return to their previous employers even if they wanted. This in turn sent employers scrambling for talent, in some cases offering signing bonuses or wage increases in order to entice workers back. Nothing comparable appears to be happening in Europe.

Moreover, the shortage of workers aggravated supply chain issues in the U.S. In the rest of the world, there have been supply-line problems pertaining to shipping containers and extremely strong demand for manufactured items, but these issues have not, by all appearances, generated the kind of inflationary pressures that so far seem to be peculiar to the U.S. https://www.institutionalinvestor.c...inflation-is-a-us-phenomenon-not-a-global-one
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This appears to be the fault of Republicans who would never support a program to reimburse businesses the cost of keeping workers on the books and paying them even as they were unable to work during the pandemic. Instead, Republicans have no responsibility to workers who got laid off. No solutions offered. Just criticism and no ideas for how to do it better.
 
Screenshot 2022-04-15 at 15-15-26 Surging Inflation is a U.S. Phenomenon Not a Global One.png

My, look at this. The comparative US inflation rate spike looks amazingly like the comparative US unemployment rate spike.

Gee. I wonder if there is any correlation?
 
If higher U.S. inflation is really just a result of the different tactics the country took to handle the pandemic’s impact on the labor market, this lends credence to the Federal Reserve’s view that the rise in inflation will be “transitory.” This is a view that also appears to be endorsed by the bond market, which has not been perturbed by the recent surge in inflation. Even as Q2 2021 inflation rose as at an annualized pace of 9-10%, bond yields fell and continued to go lower in the first month of Q3. Moreover, breakeven inflation spreads have settled at around 2.4% on 10-Year Treasuries. https://www.institutionalinvestor.c...inflation-is-a-us-phenomenon-not-a-global-one
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No way American voters are going to grasp this. It is so much easier to have a scapegoat to blame. And our lack of well-informed voters shoots us in the foot at every step of the way.
 
Felis Leo said:
For those of us whose memory spans more than two months, inflation was already a much spoken-about problem before late February of 2022, Peacenik.
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Sure, the difference is the war exacerbated the existing energy resource issues and will now affect food supply given the amount of wheat Russia and Ukraine export.
 
NatMorton said:
No, I'm counting on the Democrats looking foolish
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And you, and every other MAGA, are hell bent on doing everything in your power to insure that happens, including spreading misinformation, placing blame where blame is not due and distorting reality to fit your partsan means.

NatMorton said:
as they try to explain how they're not responsible for anything having been in complete charge of Washington for the last two calendar years.
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Even here you add the word "calender" to mask that Bidens only been in power 15 months. All part of the angry MAGA partisan hackery that's come to define GOP politics.

NatMorton said:
Inflation, crime surge, growing deficit,
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Inflation mostly out of the control of the executive branch. Crime which is controlled on a local, not Federal level and a deficit that Increased 36% under your cult leader.

NatMorton said:
the botched evacuation of Afghanistan are all going to require some fancy explaining,
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Afghanistan cost U.S. taxpayers $300 million per day. Biden got us out after less than a year in office. That's $300 million dollars a day, everyday we stayed in Afghanistan. Your cult leader did nothing and just allowed that $300 million a day cost keep accumulating.

NatMorton said:
I don't think
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Well, not without the alt-right MSM propaganda machine telling you what to think. The entire MAGA clan are nothing more than parrots for Donald.
 
Peacenik said:
Yes he did, by releasing oil from the reserves. If that wasn't done, things would be worse. The worst inflation has occurred since the Ukraine War. Biden has guided us skillfully, and warned us ahead of time what the sanctions would cause: higher prices. Paying more for things is what Americans have to do to support Ukraine. It is Russia's fault. Blame Putin. We are lucky to have Biden in the WH.
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Don't hurt yourself waving those pom-poms.
 
Peacenik said:
Economists will study that question for ages. The fed had no way of knowing that a) America oil companies would not pump more oil when it was needed, and that b) Putin would really attack Ukraine.
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Did they have no way of knowing inflation had exceeded their two percent action trigger before they changed the action trigger?

You also have your timing off. The Fed had already acknowledged its error by its announced interest rate actions before Putin invaded the Ukraine.
 
Peacenik said:
This appears to be the fault of Republicans who would never support a program to reimburse businesses the cost of keeping workers on the books and paying them even as they were unable to work during the pandemic. Instead, Republicans have no responsibility to workers who got laid off. No solutions offered. Just criticism and no ideas for how to do it better.
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Ah, now it's the Republicans fault ... who are not in the White House ... and who are minority party ... in both houses of Congress ...
 
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