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re: How high does inflation and the cost of living have to go up before it’s not “political”?
Posted on 10/15/21 at 11:51 am to theunknownknight
Posted on 10/15/21 at 11:51 am to theunknownknight
People who framed this as Trump vs Biden just aren’t going to make it through this
Trump actively bullied Jerome Powell to keep rates low to protect the stock market. Trump authorized the stimulus checks and oversaw QE on a grand scale.
Biden is just the latest irresponsible man to wield the power of the presidency and overseeing terrible monetary policy, but the reality is we are in an extremely deep hole dug over the span of decades with no way out for the Fed other than rampant inflation or a stock market crash with higher interest rates/tapering of QE and nothing in between. The powers that be are going to choose inflation because it increases their lot in life and is consistently more politically viable in the short term.
Trump actively bullied Jerome Powell to keep rates low to protect the stock market. Trump authorized the stimulus checks and oversaw QE on a grand scale.
Biden is just the latest irresponsible man to wield the power of the presidency and overseeing terrible monetary policy, but the reality is we are in an extremely deep hole dug over the span of decades with no way out for the Fed other than rampant inflation or a stock market crash with higher interest rates/tapering of QE and nothing in between. The powers that be are going to choose inflation because it increases their lot in life and is consistently more politically viable in the short term.
This post was edited on 10/15/21 at 11:53 am
2
Posted on 10/15/21 at 11:52 am to Ross
I agree. That’s the point of this thread.
It’s not political. It’s not right versus left. It’s about being bent over by those in power who are still using you faith in the letter behind your names.
It’s not political. It’s not right versus left. It’s about being bent over by those in power who are still using you faith in the letter behind your names.
Posted on 10/15/21 at 11:59 am to theunknownknight
quote:
It’s not political. It’s not right versus left. It’s about being bent over by those in power who are still using you faith in the letter behind your names.
Excuse my ignorance, but how is that not political?
Posted on 10/15/21 at 12:03 pm to DiamondDog
quote:
Trump nuked both sides of the aisle into hyper partisanship
No, it was the establishment backed media that did it, as they tried to get their power back. That’s why it hasn’t stopped
Posted on 10/15/21 at 12:09 pm to theunknownknight
quote:
What terrorist attack on our financial system have we suffered now?
Congress. Since they shut down the country and passed the first stimulus check and then another one before biden stepped in office and for passing even more terrible financial measures since. We havent even begun to pay for it yet. Let them make Biden the scapegoat tho. Imsure thats exactly what they are counting on
Posted on 10/15/21 at 12:21 pm to Ross
quote:
eople who framed this as Trump vs Biden just aren’t going to make it through this
Trump actively bullied Jerome Powell to keep rates low to protect the stock market. Trump authorized the stimulus checks and oversaw QE on a grand scale.
Biden is just the latest irresponsible man to wield the power of the presidency and overseeing terrible monetary policy, but the reality is we are in an extremely deep hole dug over the span of decades with no way out for the Fed other than rampant inflation or a stock market crash with higher interest rates/tapering of QE and nothing in between. The powers that be are going to choose inflation because it increases their lot in life and is consistently more politically viable in the short term
Yep. And they own both sides of the aisle so they dont mind people fighting over if the blue team or red team caused it.
Posted on 10/15/21 at 12:21 pm to DiamondDog
quote:with the help of the CIA
Trump nuked both sides of the aisle into hyper partisanship.
Posted on 10/15/21 at 12:25 pm to whoisnickdoobs
quote:
Excuse my ignorance, but how is that not political?
okay, so it's political. The issue is for all the "small government" talk on the right, outside of outliers like Rand Paul not a soul is willing to do anything like advocating for the rise of interest rates, ending QE, or lowering the national debt. This is because they know the stock market will crash, they know their favorite pet projects like military spending won't get funded, and they know it is likely politically suicidal because that's a lot of short term pain for long term gain but we vote on short term emotions.
It's the far easier path to just let inflation take care of our national debt, and it also just so happens that this path creates more wealth inequality so policy makers are fine with that because they are wealthy.
The right vs left debates as they traditionally unfold are a distraction. We're all getting ripped off, this system is broken beyond repair.
Posted on 10/15/21 at 12:35 pm to sgallo3
carrying that water ehh? must be getting heavy at this point.
i noticed how you conveniently left out out the itsy bitsy factor of forcibly putting our economy in a temporary coma for COVID and instead of saying, “hey, here’s a free, effective, and widely available COVID 19 vaccine. Get it, don’t get it. Regardless, go back to work.” They decided to continue their fear mongering as an attempt to jam down more spending bills. Labor, believe it or not plays a pretty big factor into the health of the economy.
i noticed how you conveniently left out out the itsy bitsy factor of forcibly putting our economy in a temporary coma for COVID and instead of saying, “hey, here’s a free, effective, and widely available COVID 19 vaccine. Get it, don’t get it. Regardless, go back to work.” They decided to continue their fear mongering as an attempt to jam down more spending bills. Labor, believe it or not plays a pretty big factor into the health of the economy.
This post was edited on 10/15/21 at 12:44 pm
Posted on 10/15/21 at 12:37 pm to sgallo3
quote:
Let them make Biden the scapegoat tho.
Are you agreeing that Biden is worthless and a mere figurehead?
Ironically, his backtracking Trump policy is partially responsible. Open border, still trading with China like our lives depend on it, etc..
The administration is purposefully promoting shitty policy simply because it's opposite of what Trump did.
This post was edited on 10/15/21 at 12:39 pm
Posted on 10/15/21 at 1:09 pm to Klark Kent
quote:
left out out the itsy bitsy factor of forcibly putting our economy in a temporary coma for COVID and instead of saying, “hey, here’s a free, effective, and widely available COVID 19 vaccine. Get it, don’t get it. Regardless, go back to work.”
I didnt leave that out at all. I blamed our current situation on covid shutdowns (unemployment benefits and stimulus checks included) caused by congress. They would have passed regardless who was president as we saw happened.
quote:
Are you agreeing that Biden is worthless and a mere figurehead?
Absolutely. Ive said that about every president since (and including) george W besides Trump
I don't know why people continue to assume i like biden because i choose to focus my criticisms on the people who put him there. Biden still has to answer for the terrible things he has done in the past regardless of his current puppet state.
This post was edited on 10/15/21 at 1:16 pm
Posted on 10/15/21 at 1:11 pm to Sun God
quote:we aren’t the ones who made up a fricking dossier to try to impeach a President. Wanna talk political start with the fricking liberals.
The bottom line is y’all Trump supporters who voted for a Republican have made everything too political when it’s best just to let these things go and aw frick my wheelchair fell over
Posted on 10/15/21 at 1:16 pm to tigafan4life
quote:
Wanna talk political start with the fricking liberals.
I would like to see someone try to argue that the left doesnt try to make everything political.
Now we all get to reep the rewards of the right stealing that page out of their playbook every day ad nauseam
This post was edited on 10/15/21 at 1:21 pm
Posted on 10/15/21 at 1:19 pm to Sun God
quote:
The bottom line is y’all Trump supporters who voted for a Republican have made everything too political when it’s best just to let these things go and aw frick my wheelchair fell over
Okay, you got me. I DVed before I saw that 7/0 sized treble hook you buried in the bait.
Posted on 10/15/21 at 1:20 pm to theunknownknight
Congrats America. We just elected an even worse Jimmy Carter
Posted on 10/15/21 at 1:27 pm to Dawgholio
quote:
Congrats America. We just elected an even worse Jimmy Carter
This is a sign of how FUBAR our elections work and how tied together media and the bankers/corporatism/congress are than anything else. Biden was getting destroyed in the primaries until the powers that be stepped in.
Posted on 10/15/21 at 1:31 pm to Dawgholio
quote:
Congrats America. We just elected an even worse Jimmy Carter
I'll say this, as much as I think it is a folly to say that either conservative or liberal politicians are to blame for our absolutely insane monetary and fiscal policy over the last four decades, considering we now face the consequences of those policies in a very direct way, I can't think of a weaker of more incapable leader and group of nitwits to be in charge than what we have right now
it's why I have zero confidence we are emerging out of this without a pretty big paradigm shift towards how we view "store of value".
Posted on 10/15/21 at 1:35 pm to jimbeam
quote:
but it’s “transitory”
Posted on 10/15/21 at 2:57 pm to SoFla Tideroller
Posted on 10/15/21 at 3:10 pm to theunknownknight
Because the government has their hands in everything, inflation will always be political in this country.
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