Inflation Is Worldwide, Not Caused By The President.

[Peacenik]

No, you should have been reading the news and opinion coverage at the time. Example cited here:

Federal Reserve approves first interest rate hike in more than three years, sees six more ahead

https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html After keeping its benchmark interest rate anchored near zero since the beginning of the Covid pandemic, the policymaking Federal Open Market Committee said it will raise rates by a quarter percentage point, or 25 basis points. That...

debatepolitics.com

No, I won't be reading that particular source. I may simply be guessing but it seems to me that the Wall Street Journal is biased in favor of Wall Street. I am not about to pay to read what they have to say. Besides, very plausible causes of worldwide inflation have already been discussed, including why it is more pronounced in the gas-prices-dependent USA, considering how big oil can simply use the Ukraine war as an excuse for artificially high gas prices which they could readily alleviate by pumping more.

 

[NatMorton]

Its logic. I dont need explain further.

You are a nice guy, @NatMorton but you would benefit greatly from following my posts with an attentive mind.

Peace

My logic is this. I believe our very high rate of inflation is due to mistimed stimulus from Washington and Fed monetary policy creating an excess of demand hitting a supply-constrained economy still digging out from the effects of COVID shutdowns. Between the two, I think Washington’s actions did more harm because so much money was paid to people who didn’t need relief. That is the 60/40 split.

Diving up the 60%, I blame Democrats more than Republicans since they supported both of the unnecessary stimulus packages (2020 and 2021). Republican only helped pass the first. That’s the 40% and 20%.

 

[Peacenik]

Its never the lefts fault. But guaranteed if Trump was in office the lefts hair would be on fire. It is the lefts fault thats why they're going to experience the biggest loss in history.

If there is a change of majority in November it will be because the American public is woefully misinformed and does not even try to separate fact from opinion. It is a mystery just what percentage of Fox viewers think Tucker Carlson is a news anchor, but they believe every word he says. Naturally, they never heard that his lawyers argued in court that his show is for entertainment purposes only and the viewers should know that all the content is not factual. Which, of course, they do not.

People are afraid to think for themselves. If they hang out with other Trump supporters then they are going to support Trump No double checking of information required. Just go along with the peer group and fit in. Wouldn't want to be left out.

America needs more investigative journalism, and more discerning citizens.

 

[NatMorton]

No, I won't be reading that particular source. I may simply be guessing but it seems to me that the Wall Street journal is biased in favor of Wall Street. I am not about to pay to read what they have to say. Besides, very plausible causes of worldwide inflation have already been discussed, including why it is more pronounced in the gas-prices-dependent USA, considering how big oil can simply use the Ukraine war as an excuse for high gas prices which they could readily alleviate by pumping more.

You keep waiving your Democratic pom-poms then. The rest of us will dig a bit deeper.

 

[noonereal]

My logic is this. I believe our very high rate of inflation is due to mistimed stimulus from Washington and Fed monetary policy creating an excess of demand hitting a supply-constrained economy still digging out from the effects of COVID shutdowns. Between the two, I think Washington’s actions did more harm because so much money was paid to people who didn’t need relief. That is the 60/40 split.

Diving up the 60%, I blame Democrats more than Republicans since they supported both of the unnecessary stimulus packages (2020 and 2021). Republican only helped pass the first. That’s the 40% and 20%.

Inflation is a world event. World inflation , coincidentally is exactly the same as in the USA, 8.5%

This is a fact.

Dems and Republicans do not control global inflation. We are simply not that almighty.

Peace , brother

Peace brother.

 

[Peacenik]

If I had to apportion the blame pie, I’d go 20% GOP, 40% The Fed, 60% Democrats.

Rut roh. Now that's stepping in it. And no blame to the improperly regulated capitalist system? If we had a bigger government, more free of corruption, with dedicated regulators and more control over the economy we could direct oil producers to pump more and stop gouging the American public with artificially high gas prices.

Certainly a percentage of the blame would have to fall on greed and corruption. And what do we have to fight those? Big government.

 

[Peacenik]

My logic is this. I believe our very high rate of inflation is due to mistimed stimulus from Washington and Fed monetary policy creating an excess of demand hitting a supply-constrained economy still digging out from the effects of COVID shutdowns. Between the two, I think Washington’s actions did more harm because so much money was paid to people who didn’t need relief. That is the 60/40 split.

Diving up the 60%, I blame Democrats more than Republicans since they supported both of the unnecessary stimulus packages (2020 and 2021). Republican only helped pass the first. That’s the 40% and 20%.

The stimulus packages should have been more targeted to the needy, agreed. The needy did need assistance. The rest did not. Smart people didn't just rush out and spend the money. They saved it, added it to their wealth. Good thing, because now it is coming in handy to pay higher prices.

Part of inflation in America was caused when people stopped going out to eat. That had a multiple pronged effect. Servers lost work, impacting government unemployment reserves, but more importantly, many people shifted from restaurants to grocery stores for food. As restaurants laid off workers and went out of business, grocery stores couldn't keep items on the shelves. Demand for grocery items went way up as supply was diminished. That caused prices to rise.

 

[Peacenik]

You keep waiving your Democratic pom-poms then. The rest of us will dig a bit deeper.

Vote Blue in 22.

If you don't, the super-rich are gonna screw you.

 

[AGENT J]

Its never the lefts fault.

for this SPECIFIC topic and what I was actually saying its neither the left or rights fault

But guaranteed if Trump was in office the lefts hair would be on fire

factually wrong, that is not a guarantee at all LOL
the left, just like the right are not one collective . . they are individuals and many people would be smart enough to know what i already pointed out just like many republicans know its not bidens fault now

It is the lefts fault thats why they're going to experience the biggest loss in history.

also factually wrong, its not their fault and if you disagree prove it factually is their fault, it cant be done

as far as any lost they are going to experience well thats how it always basically works, the party in power loses

now if its a historical loss then thats a topic but it wont be because they are responsible, thats just stupid.
If people vote them out because they falsely THINK they are responsible then they will just lose on stupidity, not"facts"

 

[EMNofSeattle]

Of course, this ruins the Republican 'blame Biden' narrative, but Republicans never let the facts get in the way of effective propaganda.

Inflation began in 2021 as a result of the pandemic, with an aside to climate change, but the Russian war on Ukraine has created a perfect storm of inflation.

None of this can be blamed on Biden.



Press Conference by Secretary-General António Guterres at United Nations Headquarters

If food and fuel inflation is wordwide and not limited to the USA, that means Biden didn't cause it.

“Climate change” is not causing inflation. It’s possible that the money the government spends to promote climate change lies to the public with the view of dispossessing the middle and working classes might.

Your last conclusion is also wrong, given the US dollar is used for international transactions then American inflation by necessity causes inflation in the rest of the world

 

[EMNofSeattle]

Vote Blue in 22.

If you don't, the super-rich are gonna screw you.

The super rich are all blue. Why would voting for their party hurt them?

 

[EMNofSeattle]

And so were 2 out of the three causes given. As the UN Secretary-General António Guterres said. It is a perfect storm. First there is the ongoing pressures of climate change causing hunger and a huge demand for grain; then came the pandemic, affecting the supply chain worldwide, and then the Ukraine War, further impacting an already dire situation.

Climate change is not causing hunger or lack of grain. Warmer climates promote grain growth.

Food shortages in the third world are a result of decolonization.

 

[EMNofSeattle]

It's not a sign of incompetence to see inflation after coming off the largest global pandemic in a century and heading into a major international conflict. This is clearly just Republicans trying to make political hay in a time of crisis when they should instead be rallying around our president.

We will rally around Biden just like the democrats rallied around Trump

 

[EMNofSeattle]

Biden calls on FTC to probe anti-consumer behavior by energy companies as gas prices soar

The Biden Administration is asking the Federal Trade Commission to investigate "mounting evidence of anti-consumer behavior" by energy companies as gas prices hover at multi-year highs.

www.cnbc.com

“Biden calls on” Is code for “Biden makes statement for propaganda”

Big corporate conglomerates all support Biden and the democrats. They know this and so there’s no reason Biden will take action. There is so many federal laws, they set up General Flynn for nothing, if Biden wanted the CEO of black rock in jail he could have it done tommorow

 

[NatMorton]

Inflation is a world event. World inflation , coincidentally is exactly the same as in the USA, 8.5%

This is a fact.

Dems and Republicans do not control global inflation. We are simply not that almighty.

Peace , brother

Peace brother.

No, that misinformation from you was corrected before. The median inflation rate for the G20 is about 6.5%

Inflation Rate - Countries - List | G20

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries part of G20. The table has current values for Inflation Rate, previous releases...

tradingeconomics.com

We're almost 50% higher than that, and it's not an accident. It's a consequence of policy.

 

[NatMorton]

Rut roh. Now that's stepping in it. And no blame to the improperly regulated capitalist system? If we had a bigger government, more free of corruption, with dedicated regulators and more control over the economy we could direct oil producers to pump more and stop gouging the American public with artificially high gas prices.

Certainly a percentage of the blame would have to fall on greed and corruption. And what do we have to fight those? Big government.

Unsurprisingly, you've learned exactly the wrong lesson. Our inflation problem does not stem from too little control of a market economy; it's from too much.

 

[NatMorton]

Vote Blue in 22.

If you don't, the super-rich are gonna screw you.

If $1T in new money magically appeared and I had a choice whether its spending would be under the control of Pelosi and McConnell or Buffett and Gates, I'd take the latter every day of the week and twice on payday.

 

[ataraxia]

We will rally around Biden just like the democrats rallied around Trump

It’s not the same thing. Trump was a charlatan and crook promoting division, hate, and tribalism in the country for personal gain and just to get elected. Biden is a president dealing with some difficult issues.

 

[ataraxia]

“Biden calls on” Is code for “Biden makes statement for propaganda”

Big corporate conglomerates all support Biden and the democrats. They know this and so there’s no reason Biden will take action. There is so many federal laws, they set up General Flynn for nothing, if Biden wanted the CEO of black rock in jail he could have it done tommorow

Why would the corporate conglomerates want Biden when Trump just cut their taxes on your back?

 

[noonereal]

No, that misinformation from you was corrected before. The median inflation rate for the G20 is about 6.5%

Inflation Rate - Countries - List | G20

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries part of G20. The table has current values for Inflation Rate, previous releases...

tradingeconomics.com

We're almost 50% higher than that, and it's not an accident. It's a consequence of policy.

My number was correct as of last week and reflected the group i stated.

 

[Peacenik]

“Climate change” is not causing inflation. It’s possible that the money the government spends to promote climate change lies to the public with the view of dispossessing the middle and working classes might.

Climate change has wiped out crops, reducing the food supply. Reduced supply causes prices to rise, aka inflation. IOW, climate change causes inflation.

Your last conclusion is also wrong, given the US dollar is used for international transactions then American inflation by necessity causes inflation in the rest of the world

The UN Secretary General's assertion is infinitely more credible than this argument. Have no doubt that if the USA were to blame for world inflation, the UN Secretary General would be saying so. But he didn't. So it isn't a major contributory factor. He laid it out. Climate Change, the Pandemic, and now the Russia-Ukraine War.

 

[Peacenik]

The super rich are all blue. Why would voting for their party hurt them?

BS. That's simply not true. It is totally fake news; a conservative myth.

14% of America's richest 50 families contribute to Democrats.

56% of America's richest families contribute to Republicans.

Another 30% contributed to both.

Wow. 14% vs 56%. That's FOUR TIMES AS MANY.

Forbes took at look at the 50 richest clans on our new list of America’s Richest Families. There are a handful of politicians in the mix, and an overwhelming majority that support one political party far more than another

The advice is sound:

Vote Blue in 22.

If you don't, the rich are gonna screw you.

 

[Peacenik]

Climate change is not causing hunger or lack of grain. Warmer climates promote grain growth.

Food shortages in the third world are a result of decolonization.

Everyone is entitled to their own opinion.

No matter how unsupported it may be, no matter how absolute the evidence otherwise:

We found that climate change has affected yields in many places. Not all of the changes are negative: Some crop yields have increased in some locations. Overall, however, climate change is reducing global production of staples such as rice and wheat. And when we translated crop yields into consumable calories – the actual food on people’s plates – we found that climate change is already shrinking food supplies, particularly in food-insecure developing countries.

Climate change is affecting crop yields and reducing global food supplies

 

[Peacenik]

Unsurprisingly, you've learned exactly the wrong lesson. Our inflation problem does not stem from too little control of a market economy; it's from too much.

Capitalism has no responsibility to provide for everyone. It doesn't. It allows the more powerful to take advantage of the less powerful. Capitalism produces some fantastic wealth and lots of desolation. The only entity capable of preventing complete oppression is government. And it is in the preamble of our Constitution that one of the basic purposes of our government is to promote the general welfare.

Therefore, it is totally the government's business to be regulating capitalism. And the more of it , the better. Europe has been around a lot longer than the USA. They handled the pandemic a lot better than we did. They preserved jobs and businesses. We let people flounder because we did not have a strong enough government to step in and act when needed.

Then we tried to indiscriminately throw money at the problem. That helped, but it also hurt. Now we are wondering if the gain was worth the pain. Too bad we thought we knew better than more socialistic Europe. We have much to learn. Such a young nation.

 

[Peacenik]

If $1T in new money magically appeared and I had a choice whether its spending would be under the control of Pelosi and McConnell or Buffett and Gates, I'd take the latter every day of the week and twice on payday.

Manchin would have more power in that decision than McConnell. Whatever they did would serve the rich.

Buffett and Gates would do a good job because they are both philanthropists.