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Started By
Message
re: Inflation rises 7% over the past year, highest since 1982
Posted on 1/12/22 at 2:43 pm to LNCHBOX
Posted on 1/12/22 at 2:43 pm to LNCHBOX
quote:
Trump handed out 1/3 of what Biden did, and only did it while we were actively shut down. Biden just slung money around left and right with no thought behind it. Equating them is something only a fool would do.
This is just false. 2/3 stimulus were given out under trump, including mailing out a letter to every single person that got one.
1
Posted on 1/12/22 at 2:43 pm to Klark Kent
quote:
what should have he done instead? he wasn’t pressured by both sides to pass it? congress wouldn’t have past the payments themselves if he didn’t? would Biden not have passed it?
in short: you point is dumb, real dumb.
Yes. Every POTUS in modern history would have done exactly what Trump did with the stimulus packages. And Trump would have also passed another stimulus had he been re-elected.
We all knew hyper inflation was coming after both Trump stimulus packages. I can find those threads with many posters predicting it.
So its weird how any mention of blame towards Trump gets shouted down in these threads.
Posted on 1/12/22 at 2:43 pm to BROpaneTANK
quote:1/3 the fraction, not 1 out of 3 stimulus payments.
This is just false. 2/3 stimulus were given out under trump, including mailing out a letter to every single person that got one.
Posted on 1/12/22 at 2:46 pm to Salmon
quote:
Yes. Every POTUS in modern history would have done exactly what Trump did with the stimulus packages. And Trump would have also passed another stimulus had he been re-elected.
We all knew hyper inflation was coming after both Trump stimulus packages. I can find those threads with many posters predicting it.
So its weird how any mention of blame towards Trump gets shouted down in these threads.
You think Trump sends out the same amount Biden did? Pushes the same silly policies Biden's admin pushes?
You can't honestly think the last year goes the same had Trump still been in office, can you?
Posted on 1/12/22 at 2:47 pm to LNCHBOX
quote:
You think Trump sends out the same amount Biden did?
Yes. Absolutely. Was Trump not pushing for those $2k checks?
quote:
You can't honestly think the last year goes the same had Trump still been in office, can you?
if we are just talking about inflation? Yes, I do think it goes the same way
Posted on 1/12/22 at 2:48 pm to kisatchie53
quote:
This is the kind of great news Biden voters want to hear!!!!!!!!!
They won’t like it when all their Guvment Assistance won’t be funded once tax payers start quitting/losing their jobs over vaccine mandates. It’s going to be glorious to watch.
Posted on 1/12/22 at 2:48 pm to Salmon
quote:
if we are just talking about inflation? Yes, I do think it goes the same way
So you think all the policy decisions made in the last year have had no impact on inflation? I really can't buy you believing that.
Posted on 1/12/22 at 2:50 pm to LNCHBOX
quote:
So you think all the policy decisions made in the last year have had no impact on inflation? I really can't buy you believing that.
I think the over printing of money has impacted inflation by far the most.
What policy decisions do you think had more of an impact?
Posted on 1/12/22 at 2:51 pm to Salmon
quote:
I think the over printing of money has impacted inflation by far the most.
What policy decisions do you think had more of an impact?
Already moving the goal post
Posted on 1/12/22 at 2:51 pm to LNCHBOX
quote:
So you think all the policy decisions made in the last year have had no impact on inflation? I really can't buy you believing that.
Lagging indicators lag. I don't think we're into the Biden damage, yet. Gonna be ugly af when those chickens come home to roost.
Posted on 1/12/22 at 2:53 pm to LNCHBOX
quote:
Already moving the goal post
what?
You asked if policies impacted inflation. I said I don't think policies impacted inflation near the magnitude that the over printing of money did.
I then asked you what specific policies do you believe impacted inflation more than the over printing of money?
how exactly is that "moving the goalposts"?
Posted on 1/12/22 at 2:54 pm to Salmon
I’m not saying Trump should or shouldn’t have passed those stimulus packages. And you’re right he probably would’ve passed a 2nd. I wish none of them were passed and people just went back to work. but that’s sort of Monday morning QB talk.
Since then Biden has passed another and continued to spend and extend the child tax credits and rent exemptions. While insisting everyone in the workforce must be vaccinated or lose their jobs. All the while pushing unnecessary fear porn regarding COVID for over a year. So there’s a bit more to the inflation problem and workforce shortages and supply chain issues than spending. and you know this, i’m just clarifying
Since then Biden has passed another and continued to spend and extend the child tax credits and rent exemptions. While insisting everyone in the workforce must be vaccinated or lose their jobs. All the while pushing unnecessary fear porn regarding COVID for over a year. So there’s a bit more to the inflation problem and workforce shortages and supply chain issues than spending. and you know this, i’m just clarifying
This post was edited on 1/12/22 at 2:56 pm
Posted on 1/12/22 at 2:54 pm to MoarKilometers
quote:
Lagging indicators lag. I don't think we're into the Biden damage, yet. Gonna be ugly af when those chickens come home to roost.
I agree with this as well
Posted on 1/12/22 at 2:55 pm to MoarKilometers
quote:
Gonna be ugly af when those chickens come home to roost.
Yup. inflation has only begun.
Posted on 1/12/22 at 2:58 pm to Salmon
quote:
what?
You asked if policies impacted inflation. I said I don't think policies impacted inflation near the magnitude that the over printing of money did.
I then asked you what specific policies do you believe impacted inflation more than the over printing of money?
how exactly is that "moving the goalposts"?
I asked if you thought we would be in the exacts same situation if Trump was president still. You said yes, then quickly hedged when I said there's no way you actually believe that. And it seems you don't believe that, and why would you
Posted on 1/12/22 at 2:59 pm to Civildawg
82 didn't have supply chain issues as we do today. Raising rates helped and then Reagan also increased taxes.
Basically it was done with monetary and legislative actions.
The only tools the fed has right now is raising rates. It is just a vastly different economic world. You didn't have SPACs and Hedgefunds and UITs and REITs that raise capital specifically to buy up real estate. Then they leverage those assets with structured debt providing them with more cash to buy up homes. It's a mess that was created buy super low interest rates for 10 years.
Basically it was done with monetary and legislative actions.
The only tools the fed has right now is raising rates. It is just a vastly different economic world. You didn't have SPACs and Hedgefunds and UITs and REITs that raise capital specifically to buy up real estate. Then they leverage those assets with structured debt providing them with more cash to buy up homes. It's a mess that was created buy super low interest rates for 10 years.
This post was edited on 1/12/22 at 3:00 pm
Posted on 1/12/22 at 3:02 pm to LNCHBOX
quote:
I asked if you thought we would be in the exacts same situation if Trump was president still. You said yes, then quickly hedged when I said there's no way you actually believe that. And it seems you don't believe that, and why would you
I made it pretty clear with my first reply to you that I was talking strictly about inflation
and since I told you that I believe that the overprinting of money is by far the biggest driver for our current inflation situation, I still do believe that we would be in the same situation if Trump were POTOS today because he still would have over printed the frick out of money
if you want to argue it would be a 1/2 or 1 point lower due to a specific policy, go ahead, that is what I asked and you accused me of moving the goalposts
Posted on 1/12/22 at 3:02 pm to Klark Kent
Trump lowered taxes and advocated printing more money and openly talked about it. No president has openly opposed fed and tried to influence monetary policy he did.
No president has ever had hundreds of millions in revolving lines of credit based on asset prices either. He was purposely propping up prices so his debt wasn't called. He has done this multiple times in his past which is why his companies filed for bankruptcy.
No president has ever had hundreds of millions in revolving lines of credit based on asset prices either. He was purposely propping up prices so his debt wasn't called. He has done this multiple times in his past which is why his companies filed for bankruptcy.
Posted on 1/12/22 at 3:04 pm to Salmon
quote:
I made it pretty clear with my first reply to you that I was talking strictly about inflation
So things like cost of good and fuel prices don't factor into inflation for you?
quote:
if you want to argue it would be a 1/2 or 1 point lower due to a specific policy, go ahead, that is what I asked and you accused me of moving the goalposts
That would make it not the same, which if you're honest with yourself you would agree with. You won't agree though, because you do you things.
Posted on 1/12/22 at 3:05 pm to LNCHBOX
quote:
quote:
Yes. Every POTUS in modern history would have done exactly what Trump did with the stimulus packages. And Trump would have also passed another stimulus had he been re-elected.
We all knew hyper inflation was coming after both Trump stimulus packages. I can find those threads with many posters predicting it.
So its weird how any mention of blame towards Trump gets shouted down in these threads.
You think Trump sends out the same amount Biden did? Pushes the same silly policies Biden's admin pushes?
You can't honestly think the last year goes the same had Trump still been in office, can you?
You two dipshits are pointing fingers at the wrong branch of government. Why don't you stop finger popping each other A-holes and snap out of it. And some of you people think the psychosis is just limited to covid freaks
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