The Average American Worker Has Lost $3400 in Annual Wages Under Biden

Originally posted by: Jerry Ice 33

He said it; not me. Explain to me and Charles why he said it if he can't help fix it?  I'm just reading the other inflation post now.  


Whether and to what extent Biden can "fix" inflation is an entirely different discussion from whether and to what extent he supposedly caused it. And as Bud said, it's ridiculous to blame Biden for a global problem. But absurdity has never proved to be an obstacle when conservitards want to attack and criticize Biden.

 

There are a few things he can do to help, and he's doing them. The overall influence of whatever he does will be minimal. But don't kid yourselves, conservitards. You don't give a flying fuck about inflation except to the extent that it provides a pretext to criticize Biden.

 

And let's not pretend that this same exact thing wouldn't be happening under a RepubliQ administration.

Originally posted by: Kevin Lewis

Whether and to what extent Biden can "fix" inflation is an entirely different discussion from whether and to what extent he supposedly caused it. And as Bud said, it's ridiculous to blame Biden for a global problem. But absurdity has never proved to be an obstacle when conservitards want to attack and criticize Biden.

 

There are a few things he can do to help, and he's doing them. The overall influence of whatever he does will be minimal. But don't kid yourselves, conservitards. You don't give a flying fuck about inflation except to the extent that it provides a pretext to criticize Biden.

 

And let's not pretend that this same exact thing wouldn't be happening under a RepubliQ administration.


No, I actually care about inflation.  

 

We don't have to debate Joe much longer though.  I'm expecting his own party to remove him prior to November so Dumala can name her own VP before the Nov elections.  

Originally posted by: Jerry Ice 33

No, I actually care about inflation.  

 

We don't have to debate Joe much longer though.  I'm expecting his own party to remove him prior to November so Dumala can name her own VP before the Nov elections.  


Now that is a whole nother disaster! That is really scary! 

Originally posted by: rdwoodpecker

Now that is a whole nother disaster! That is really scary! 


Agreed!


Originally posted by: Jerry Ice 33

No, I actually care about inflation.  

 

We don't have to debate Joe much longer though.  I'm expecting his own party to remove him prior to November so Dumala can name her own VP before the Nov elections.  


That actually can't happen. Biden is the President, elected by the people. No political party can remove a sitting President. Congress and/or the Cabinet, yes. But a political party has no legislative authority.

 

I hope he discards the idea of running for a second term, because I don't want the country to be faced with a third in a row hold-your-nose Presidential election. Though there is one silver lining to that. The RepubliQ aren't going to be stupid enough to dangle Trump in front of the American public a third time in a row unless they think the Democratic nominee is weak. If Biden is nominated, they'll crow with joy and inflate the Orange Pusbag for another go. And they'll lose--Trump is unelectable.

Originally posted by: Jerry Ice 33

Good post.  I'm not saying inflation is Biden's fault. I'm just saying his team has competely botched even analyzing it from the start.  Go back to last Dec.  


What does that even mean?

 

Canada has 7.7% inflation and the UK has 9.9. Have they botched it too? So who hasn't botched it?

 

Whoops, the UK inflation rate is 9.1. Sorry.

Originally posted by: MisterPicture

What does that even mean?

 

Canada has 7.7% inflation and the UK has 9.9. Have they botched it too? So who hasn't botched it?

 


Jerry, a reasonably intelligent person, persists with the idiot meme that inflation is due to the actions of Biden.

 

It would be less illogical to blame him for the weather.

His spending package had nothing to do with it, right?

Originally posted by: Jerry Ice 33

His spending package had nothing to do with it, right?


No. And neither did my cat's spending package. Because it wasn't "his" spending package. It was a spending package agreed to by elected legislators in the US government, who collectively number over 535 individuals.

 

That aside, the various stimulus bills' effect on inflation was very small compared to the other factors that have been contributing to it. You can easily assess that--if you want to do so honestly, that is--by comparing the total amounts of the stimuli to the overall GDP for that period.

 

Then, once you've completed that exercise, you can compare the size of the US economy to that of the GLOBAL economy--and maybe, just maybe, possibly, you might begin to oh-so-slowly realize that whatever the US government may have done or not done, it would have had very little effect on GLOBAL inflation in the GLOBAL economy due to GLOBAL events and disruptions in GLOBAL markets.

 

I'll save you a bit of calculation drudgery by telling you that the 2020 stimulus payments amounted to just about 1% of the total global GDP. So, on a global scale, everyone who formerly had $1.00 in their pocket now had $1.01.

 

You can certainly see how this caused GLOBAL prices to zoom upward. Snort.

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