"How's your 401(k) doing?"

Originally posted by: Charles

Funny.  You giuys told us there was no inflation.  Then you told us there was inflation but that was good.  Then you said it was transitory and a supply chain problem.  Then Putin.  And now it's corporate greed. 

 

I just don't recall a democrat here telling us it was really caused by Joe's American Recovery Act and the Infrastructure Bill pumping trillions into the economy after we reached full employment.   You know....the bills Larry Summers called the "least responsible" economic policy in 40 years.  Admitting this failure of leadership would be a good first step for you though.   

 

Hell, I don't even remember you guys suggesting that Joe's Green Energy plan and war on fossil fuels was going to double the cost of oil..  I kind of remember you ragging on Joe Manchin for preventing another 5 tillion or so for the Build Back Boondoogle though.  So if now you believe like most sane economists that inflation is caused by the federal government pumping dollars into the economy and maybe an accomodating federal reserve expanding the supply of money.  Welcome to monetarism.

 

But for some reason you changed the subject which was how Democrats were crowing about the stock market. How'd that work out for you?  I hope you got out when David Miller made his call.

 

 


Pretty fucking stupid little cartoon, since Biden didn't do any of that.

 

I'm really amazed that our little conservitards can't wrap their heads around the simple fact that when something happens, good or bad, it doesn't mean the President caused it.

Originally posted by: PJ Stroh

I'm sure MAGA zealot Charles doesn't remember Trump's administration being propped up by trillions of dollars in quantitative easing, 0% interest rates, soybean subsides, and massive increases in government spending....and that was before the trillion dollar COVID checks.

 

Suddenly Charles took exception when Joe Biden followd the same path to get us out of the pandemic because like Republicans before him he understood inflation was a lesser evil than 20% unemployment.

 

Considering their claim of being big, intelligent  businessmen who really understand business and stuff....Charles and Jerry dont knwo shit about interest rates and their impact on the stock market.    But to their credit they are great at cheerleading insurrectionists.

 

 


Except Biden didn't 'follow the same path'.  Your team started pumping 150 billion a month into an economy that had a demand shortfall of 50 billion a month.

 

Here's what Obama economist Larry Summers said about the American Rescue Plan at the time.

 

 “There is a chance that 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.”  

 

Boy was he right and you are wrong.

 

I do think you've come up with a winning strategy for Crazy Joe though.  Just start calling all the Americans suffereing from this record inflation 'Welfare Queens' and demand they return any checks they got from their kind government.  That's going to go a long way to cement the vote of the working men and women of this country who are suffering with a lower standard of living thanks to Joe Biden and the democrats.

 

 

Originally posted by: Kevin Lewis

Pretty fucking stupid little cartoon, since Biden didn't do any of that.

 

I'm really amazed that our little conservitards can't wrap their heads around the simple fact that when something happens, good or bad, it doesn't mean the President caused it.


Of course you blamed Trump for everything from a short spike in gas prices to your STDs you fucking hypocrite.  I can only imagine what you'd be saying if Trump were president and we were in the exact same economic mess.  Of course we wouldn't be in the same mess, but there's no doubt you'd be attacking his every word.  You control all three branches of Government (ATJ) and yet take no accountability for these miserable failures.  You crow when it looked like the market was at record levels and now you claim the reversal has nothing to do with your policies.  That tells us everything we need to know about 'the simple facts'.

Only a complete moron starts this thread asking how your 401K is doing on the heels of a collapse.  You don't have to be all salty now that you look like an idiot.  You guys do a good job of this daily with your endless posts. 

 

But yep, we don't know anything.  Ok!!!!

 

Kevin, your expertise on intelligence stopped at the third grade level of teaching.  End of story.  Way to reach fo the stars there!  Nobody is listening to your garbage anymore.  I'm not even sure what you would do if Anthony banned you like he should as you are really no good for his site and he knows it.  You actually chase readers away. 

 

And of course they would be throwing the kitchen sink at Trump if he was overseeing this mess and literally doing nothing about it.  The handlers must be busy wiping up Joe's drool instead of trying to figure out some steps to fight inflation.  

Edited on May 19, 2022 7:27am

Originally posted by: Charles

Except Biden didn't 'follow the same path'.  Your team started pumping 150 billion a month into an economy that had a demand shortfall of 50 billion a month.

 

Here's what Obama economist Larry Summers said about the American Rescue Plan at the time.

 

 “There is a chance that 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.”  

 

Boy was he right and you are wrong.

 

I do think you've come up with a winning strategy for Crazy Joe though.  Just start calling all the Americans suffereing from this record inflation 'Welfare Queens' and demand they return any checks they got from their kind government.  That's going to go a long way to cement the vote of the working men and women of this country who are suffering with a lower standard of living thanks to Joe Biden and the democrats.

 

 


No duh.    And pumping money into the economy only causes inflation when a Democrat does it, right genius?   

 

The money pumping cheerleaders under Trump suddenly find religion on fiscal responsibiliy the second they are out of power.   Rinse and repeat for every Republican administration going back to Reagan.

 

Doesn't change history...or the menu of choices that were available....or the flagrant stupidity of Republicans from day one of the pandemic.

This week's disasters

 

Gas prices continue to break records

Disinformation board cancelled

Stock market drops

No baby formula

Border out of control

 

This is on top of 

40 year high inflation

Declining GDP

Afghanistan

Supply chain; empty shelves continuing

open border

Slow reaction to aid Ukraine

Record deficits

 

But nothing is the biden gang's fault.  We have a puppet president who can't string 2 sentences together without mumbling, stumbling or wandering away

 

 

 

 

Originally posted by: tom

This week's disasters

 

Gas prices continue to break records

Disinformation board cancelled

Stock market drops

No baby formula

Border out of control

 

This is on top of 

40 year high inflation

Declining GDP

Afghanistan

Supply chain; empty shelves continuing

open border

Slow reaction to aid Ukraine

Record deficits

 

But nothing is the biden gang's fault.  We have a puppet president who can't string 2 sentences together without mumbling, stumbling or wandering away

 

 

 

 


"Tom, you can't blame the President.  He is a nice guy trying to do a difficult job."  - Kevin Lewis

Anyone who was paying attention 15 months ago read about Biden's monetary policies being mistake.  The economy was accelarating as was inflation.  Many, including Liberals, cited concerns about his policies leading to an increase in inflation............you know, adding fuel to the fire.  That's what he did.

 

I fully agree that the majority of our current inflation was not due to Sleepy's policies, but a major portion is.  I've posted on here that Canada's and Mexico's inflation rates are far lower than the US inflation rate and this is because of Sleepy.

 

This is going to cause a huge problem with housing.  This is a bubble ready to pop.  

There were plenty of concerns about inflation going back to 2009 when the FED started their fiscal policy of ZERO interest rates and buying market securities.   Inflation was a desired outcome after 10 years of deflation and 30 years of wage stagflation.    

 

ANd those concerns were amplified from day one of the Pandemic and the rescue pacakges were announced.   Republicans just dont listen or give a crap until they are out of power.

 

We collectively as a nation chose the lesser of two evils to address the Pandemic and financial crisis of 2009.    But the consequnces of those actions are due to Democrats according to the Republicans under whose watch those calamities happened.     I dont blame Republicans - its just Ironic they blame Democrats for messes that happened when Republicans were in charge.    

 

But like I said - anyone who got a check during COVID and wants to bitch about inflation now has free license to not be an over the top hypocrite and give the government a refund.

 

 

Edited on May 19, 2022 8:36am
Originally posted by: PJ Stroh

No duh.    And pumping money into the economy only causes inflation when a Democrat does it, right genius?   

 

The money pumping cheerleaders under Trump suddenly find religion on fiscal responsibiliy the second they are out of power.   Rinse and repeat for every Republican administration going back to Reagan.

 

Doesn't change history...or the menu of choices that were available....or the flagrant stupidity of Republicans from day one of the pandemic.


Dude...the money pumping only causes inflation when you inject more money into the economy than the SHORTFALL IN AGGREGATE DEMAND.  Even Keynes knew that.  In Biden's case the shortfall was 50 billion a month.  The injection was 150 billion a month.  Duh.  That's why there was little inflation under Trump and out of control under Biden.  Well that an his War on Fossil Fuel. 

 

I also see you've completely forgotten about the Build Back Boondoggle what was going to pump in another 5 trillion over a few years.  Every Demicrat except 2 were in favor of that.  Had it passed you could add another couple of points on to our run rate.  Thank God for Joe Manchin, right?

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