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Joe Biden won't get away with blaming Vladimir Putin for Inflation

Rawley said:
Flooding the economy with trillions, literally trillions of printed money was HUGE factor. Mismanagement of the supply chain is another large factor. Promises and policies to gut the oil industry is another huge factor. Joe wanted the big chair, he got it. All of his and your party's efforts to blame others makes him look even smaller and weaker. Man up and take responsibility and take control. Show some backbone and leadership
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Hey, the pandemic occurred. The money poured into the economy was by design and agreement on both parties. In addition, inflation rose because the Fed could not afford to throw the economy into a recession and therefore they did not address inflation early. Russia invading Ukraine was just more gravy added to the mix. There is absolutely NOTHING that Biden could have done, especially considering that science is telling us that Climate Change is now critical.

There is/was no clear answer and there still isn't.
 
Crakhobarbie said:
My point is that the graph is not proof that bidens responsible for inflation. Which part of this confuses you?
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No confusion. You've made it quite clear that your rank partisanship renders you incapable of holding the demented simp that you put in charge of the economy,responsible for the economy. No more needs be said.
 
Rawley said:
Gridlock would make me ecstatic. Stopping Biden and the DEmocrat's goal of printing trillions of more dollars for their BBB fantasy and stopping and hopefully reversing their incredibly destructive Green New Deal will be wonderful.
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As a Republican (more Independent) I can tell you I will work to get rid of certain Republicans in my State (State and Federal Level). They have gone bonkers.
Take Gosar for example at the Federal level and Ward at the State level.
 
Rawley said:
No confusion. You've made it quite clear that your rank partisanship renders you incapable of holding the demented simp that you put in charge of the economy,responsible for the economy. No more needs be said.
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A majority of your fellow Americans put Biden in charge. And it's obvious, by your calling him a "demented simp" multiple times, that your still really butt hurt over the loss of your demigod. That still doesn't explain why your ignoring all the underlying causes of the inflation that the entire World is suffering from now. No.... It's much simp...ler for you to just blame the guy that took your bubba's job. Please continue to wallow in your own self pity.... It's fun to watch.
 
Rawley said:
No confusion. You've made it quite clear that your rank partisanship renders you incapable of holding the demented simp that you put in charge of the economy,responsible for the economy. No more needs be said.
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You've made it quite clear you can establish no causative link between any Biden action and inflation.
 
Airyaman said:
Debt will always go up. You can count on one hand the years we've had a surplus. Every other year has been a deficit, and when there is a deficit, debt goes up. Not that hard of a concept.
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Know what isn't that difficult of a concept? The reasons I told you the deficit went down.
 
Crakhobarbie said:
A majority of your fellow Americans put Biden in charge. And it's obvious, by your calling him a "demented simp" multiple times, that your still really butt hurt over the loss of your demigod. That still doesn't explain why your ignoring all the underlying causes of the inflation that the entire World is suffering from now. No.... It's much simp...ler for you to just blame the guy that took your bubba's job. Please continue to wallow in your own self pity.... It's fun to watch.
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Big shot D economists Ratner, Furman, and Summers blamed Biden for our inflation months ago.
 
bubbabgone said:
Big shot D economists Ratner, Furman, and Summers blamed Biden for our inflation months ago.
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Well then surely you can post a citation that substantiates your claim. Also, how do you explain why the rest of the planet is suffering from staggering inflation now.... Just like us? Is that Bidens fault as well? I guess Joe is responsible for Canadian petrol averaging nearly $8.00 per gallon today. How do you manage to convince everyone that's Joe's fault too? Could it be that, since Joe is the alt-right MSM's catch all scapegoat, your just prone to parroting their garbage?.... Hummm?
 
VySky said:
It will not stop Biden from squinting in the camera with a slight drool and muttering......

Putin did that

But he didn't Joe.

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Joe Biden in the mid-1970s was a first-term senator when President Gerald Ford implored Americans to wear “Whip Inflation Now”(WIN) buttons and stickers. The Ford administration’s sartorial effort to raise awareness about fast-rising prices and get Americans to spend less drew widespread media ridicule and even raised private doubts among top White House economic advisers. Biden watched inflation become a major theme in Democratic presidential candidate Jimmy Carter’s defeat of Ford.

Inflation is now getting too close to disco-era highs for comfort, with Biden as president after 36 years in the Senate and eight years as vice president. Inflation skyrocketed 7.9 percent over the past year, according to the February report from the Bureau of Labor Statistics, the fastest rate of inflation since January 1982.


That puts Biden and Democrats in dangerous political territory heading into November’s midterm elections. But Biden — whose poll numbers have already been boosted following Russia’s invasion of Ukraine — thinks he has a boogeyman to pin the problem on: Vladimir Putin. The Biden administration blamed the Russian president Thursday for the rapid American price hikes, as it did earlier in the week when it came to spiking gas prices.

www.nbcnews.com

Opinion | Biden won't get away with blaming Putin for inflation

Inflation has been rising for six months, well before Russia’s invasion of Ukraine. Republicans are trying to make sure voters don't forget that.
www.nbcnews.com www.nbcnews.com
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Crakhobarbie said:
Well then surely you can post a citation that substantiates your claim. Also, how do you explain why the rest of the planet is suffering from staggering inflation now.... Just like us? Is that Bidens fault as well? I guess Joe is responsible for Canadian petrol averaging nearly $8.00 per gallon today. How do you manage to convince everyone that's Joe's fault too? Could it be that, since Joe is the alt-right MSM's catch all scapegoat, your just prone to parroting their garbage?.... Hummm?
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“Macroeconomic stimulus on a scale closer to World War II levels than normal recession levels will set off inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability… Stimulus measures of the magnitude contemplated are steps into the unknown.” - Larry Summers
“The original sin was the $1.9 trillion American Rescue Plan, passed in March. The bill — almost completely unfunded — sought to counter the effects of the Covid pandemic by focusing on demand-side stimulus rather than on investment. That has contributed materially to today’s inflation levels.” - Steve Rattner
" ... It was clear by the time it passed that their tax revenue had recovered, and that they’d got enough other aid that they covered their holes. Why does that matter for inflation? Well, you have states across the country cutting taxes now, so you have another round of upward pressure on demand and inflation happening because of that big fiscal relief.” - Jason Furman

Why didn't you already know that? Or at least why didn't you bother looking.

As for your other misguided rambling, the US Dollar is the most popular global currency.
So when we printed a ton of dollars to allegedly save the economy and kept printing them, their value decreased, and our inflation went through the roof, it affected everyone who would have had a measure of inflation of their own because of COVID anyway.
 
bubbabgone said:
“Macroeconomic stimulus on a scale closer to World War II levels than normal recession levels will set off inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability… Stimulus measures of the magnitude contemplated are steps into the unknown.” - Larry Summers
“The original sin was the $1.9 trillion American Rescue Plan, passed in March. The bill — almost completely unfunded — sought to counter the effects of the Covid pandemic by focusing on demand-side stimulus rather than on investment. That has contributed materially to today’s inflation levels.” - Steve Rattner
" ... It was clear by the time it passed that their tax revenue had recovered, and that they’d got enough other aid that they covered their holes. Why does that matter for inflation? Well, you have states across the country cutting taxes now, so you have another round of upward pressure on demand and inflation happening because of that big fiscal relief.” - Jason Furman

Why didn't you already know that? Or at least why didn't you bother looking.

As for your other misguided rambling, the US Dollar is the most popular global currency.
So when we printed a ton of dollars to allegedly save the economy and kept printing them, their value decreased, and our inflation went through the roof, it affected everyone who would have had a measure of inflation of their own because of COVID anyway.
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I ask for a viable citation and you post an opinion piece by "Obama aides"? How absurd.
 
Chomsky said:
There are 3 primary reasons for the current inflation:

1] Pandemic
2] Ukraine War
3] Pandemic Stimulus

--

1] Not only is this not Biden's doing, but it is in fact ending under the Biden Administration!
2] Putin's doing.
3] Done solely under the Trump Administration!

--
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Why does everyone leave out the one responsible for controlling inflation.

The FED's monetary policies are a big part of today's inflation. They have waited too long to act. With basically a zero fed funds rate since the Bush recession and quantitative easing resulting in the Fed's balance sheet growing from less than a trillion dollars before the Bush recession to over 8 trillion today. Cheap easy money. Why wall street has done so well while main Street hasn't.
 
rickc said:
Why does everyone leave out the one responsible for controlling inflation.

The FED's monetary policies are a big part of today's inflation. They have waited too long to act. With basically a zero fed funds rate since the Bush recession and quantitative easing resulting in the Fed's balance sheet growing from less than a trillion dollars before the Bush recession to over 8 trillion today. Cheap easy money. Why wall street has done so well while main Street hasn't.
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Yes. To a certain extent. But the real **** up our a**** is supply and manpower shortages. The effects of coming out of the lull of the pandemic screwed us.
 
rickc said:
Why does everyone leave out the one responsible for controlling inflation.

The FED's monetary policies are a big part of today's inflation. They have waited too long to act. With basically a zero fed funds rate since the Bush recession and quantitative easing resulting in the Fed's balance sheet growing from less than a trillion dollars before the Bush recession to over 8 trillion today. Cheap easy money. Why wall street has done so well while main Street hasn't.
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Alright, I'll accept that.
 
bubbabgone said:
“Macroeconomic stimulus on a scale closer to World War II levels than normal recession levels will set off inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability… Stimulus measures of the magnitude contemplated are steps into the unknown.” - Larry Summers
“The original sin was the $1.9 trillion American Rescue Plan, passed in March. The bill — almost completely unfunded — sought to counter the effects of the Covid pandemic by focusing on demand-side stimulus rather than on investment. That has contributed materially to today’s inflation levels.” - Steve Rattner
" ... It was clear by the time it passed that their tax revenue had recovered, and that they’d got enough other aid that they covered their holes. Why does that matter for inflation? Well, you have states across the country cutting taxes now, so you have another round of upward pressure on demand and inflation happening because of that big fiscal relief.” - Jason Furman

Why didn't you already know that? Or at least why didn't you bother looking.

As for your other misguided rambling, the US Dollar is the most popular global currency.
So when we printed a ton of dollars to allegedly save the economy and kept printing them, their value decreased, and our inflation went through the roof, it affected everyone who would have had a measure of inflation of their own because of COVID anyway.
Click to expand...

Good on former Obama aides for not enabling Biden's sorry blame game. Inflation has nothing to do with Putin.
 
Crakhobarbie said:
I ask for a viable citation and you post an opinion piece by "Obama aides"? How absurd.
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The opinion piece quoted Obama aides and a former Bill Clinton Treasury Secretary.
If that's not good enough for ya I won't try any further cuz you're not serious.
 
trixare4kids said:
. Inflation has nothing to do with Putin.
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So you didn't notice a petrol price jump as soon as Putin invaded Ukraine? It's been happening around the globe. Not just America. how do explain that, seeing as somehow you've come to the absurd conclusion that it's all Bidens fault. I'm afraid you've fallen victim to alt-right MSM propaganda. Don't forget...MAGA is a dangerous cult. Oh.... Your MAGA, right?
 
Rawley said:
LOL. You do realize inflation was 7.9 before the war. Highest in generations.
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Inflation peaked in 2021. Before Biden was president
www.thebalance.com

US Inflation Rate by Year: 1929-2023

The U.S. inflation rate by year is the percentage of change in prices from one year to the next. It responds to business cycle phases and interest rates.
www.thebalance.com www.thebalance.com
 
Citizen said:
Inflation peaked in 2021. Before Biden was president
www.thebalance.com

US Inflation Rate by Year: 1929-2023

The U.S. inflation rate by year is the percentage of change in prices from one year to the next. It responds to business cycle phases and interest rates.
www.thebalance.com www.thebalance.com
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perhaps in your reality. In ours, the demented simp moved into the White House in Jan 2021.

And the inflation rate this month is 7.9, the highest in 4 decades.
 
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