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re: Welp, Bringing down inflation will require economic pain.

Posted on 8/26/22 at 9:37 am to
Posted by Sasquatch Smash
Member since Nov 2007
24003 posts
Posted on 8/26/22 at 9:37 am to
quote:

What's solid about it? The help wanted signs are still everywhere


Heard on the news yesterday that 2-4 million workers are still out because of the dreaded long CoviD!

What are the symptoms of that again?
Posted by LG2BAMA
Texas
Member since Dec 2015
1180 posts
Posted on 8/26/22 at 9:38 am to
2021: PPP loans at 0% ?? yayyy!!!

2022: 30yr mortgage 9% ?? nooo

Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6548 posts
Posted on 8/26/22 at 9:59 am to
quote:

I agree and disagree. People were forced out of work by politicians, while half the country cheered them being forced out of work. You can't let your people starve or lose their homes. Gov't forced them out of work, gov't needs to send them money. The problem was the forcing them out of work due to restrictions and shutdowns, should have never happened in the first place.
If the individual states wanted to shutdown, they should have funded it themselves with debt and/or tax increases.

There would be very little inflation today if the above would have happened.
Posted by Seen
Member since Aug 2022
1127 posts
Posted on 8/26/22 at 10:01 am to
quote:

If the individual states wanted to shutdown, they should have funded it themselves with debt and/or tax increases


Not a bad point, agreed
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68581 posts
Posted on 8/26/22 at 10:02 am to
quote:

I'd vote Trump again, just can't believe he folded and agreed to the shut down.


he didnt shut down a single state. the governors did.

He banned travel into our country. the federal governments job is to protect our borders. And he was called a racist for doing it.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68581 posts
Posted on 8/26/22 at 10:04 am to
quote:

He folded once. He will fold again. Suspending civil liberties is NEVER the answer to any problem. EVER.



Donald trump had nothing to do with what governor edwards did and what latoya did. Latoya didnt even follow the governor. but its just like yall to put blame somewhere else and not on the fricking scum democrats that did this.
This post was edited on 8/26/22 at 10:05 am
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
4829 posts
Posted on 8/26/22 at 10:05 am to
quote:

It blows my mind people thought it was a good idea to shut our country down during Covid. From Trump, to some of the GOP governors, to democrats across the country and the citizens agreeing with them. Absolutely mind blowing, restricting businesses, the citizens, everything, still can't believe it happened. I'd vote Trump again, just can't believe he folded and agreed to the shut down.


It’s easy to look back now and say that but at the time no one knew the things we know now. It reminded me of when the aids epidemic hit and people didn’t even want to be in the same room with someone who had aids. Completely silly when looking back on that now.
I think he made the best decision he could at the time. The real problem was once it was shutdown and he was ready to open everything back up the governors didn’t want to play ball and kept 1/2 the country shut. Most of the blame lies with the mayors and governors of those states.
Posted by Seen
Member since Aug 2022
1127 posts
Posted on 8/26/22 at 10:09 am to
Article

He extended a “shutdown” problem is after that it was a snowball effect and everyone else followed but way more restrictive on their states/cities. It was voluntary, but it set a precedent imo that started all the other shutdowns across the country. That was when democrats went from everyone do as you want like Pelosi in Chinatown, to we need to shut everything down. I wanted him to only educate or have someone educate public on the virus, at a federal level help locals and state hospitals, ems, etc. The word shutdown or restrictions should have never come out of his mouth
Posted by Seen
Member since Aug 2022
1127 posts
Posted on 8/26/22 at 10:10 am to
quote:

It’s easy to look back now and say that but at the time no one knew the things we know now. It reminded me of when the aids epidemic hit and people didn’t even want to be in the same room with someone who had aids. Completely silly when looking back on that now. I think he made the best decision he could at the time. The real problem was once it was shutdown and he was ready to open everything back up the governors didn’t want to play ball and kept 1/2 the country shut. Most of the blame lies with the mayors and governors of those states.


I see your point and it’s a good one.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41104 posts
Posted on 8/26/22 at 10:12 am to
quote:

It wasn't that long ago even democrats were against too much gov't authority, it's a shame they lost that.



Yep. The loss of 'conservative' Democrats has truly hurt the country as a whole.

quote:

Trump agreeing to a temporary shutdown was the most pissed off I ever got at him.


Same here.

quote:

10 years ago, no doubt, vast majority of this country would have fought those shutdowns, absolutely no doubt.


I've argued that there is no shutdown with Hillary Clinton as President. Why? Because when she tried to implement it, every Republican governor in the country would have told her to pound sand. With a Republican in office, the Republican governors (reluctantly in most cases) went along with it. Just like there's no way we get the Patriot Act with Al Gore as President.


But to get back to the OP's point, an analyst on CNBC nailed it this morning. Her exact quote was:

"There's been a Caligula level of decadence when it comes to fiscal and monetary policy and the idea that we can unwind all of this with a soft, gentle landing seems a little unrealistic."

LINK
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51573 posts
Posted on 8/26/22 at 10:16 am to
quote:

We are going to feel the pain


There was never any other outcome.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260322 posts
Posted on 8/26/22 at 10:18 am to
quote:

Donald trump had nothing to do with what governor edwards did and what latoya did.

Yet he supported bailing them out. That's just enabling.
Posted by greygoose
Member since Aug 2013
11443 posts
Posted on 8/26/22 at 10:21 am to
quote:

he didnt shut down a single state. the governors did.

He banned travel into our country. the federal governments job is to protect our borders. And he was called a racist for doing it.


Ding! Ding! Ding!

Took getting to the 2nd page of comments, to find the someone who doesn't practice revisionist history!

You are 100% correct! Trump shut down flights from countries where COVID was raging, in an effort to slow down the spread. Pelosi and her ilk, immediately called him racists, and encouraged people to go out, mingle with throngs of people. THE governors shut down businesses and travel. Some Blue States like NY, MI, an CA were absolutely drunk with power. The MI governor banned people from visiting their vacation homes! It was very telling that basic medical services were not available, but Planned Parenthood stayed open.
Posted by greygoose
Member since Aug 2013
11443 posts
Posted on 8/26/22 at 10:28 am to
quote:

He's surely not as bad as Democrats believe, but he had a chance to do some amazing things, and failed.


Are you high?

Prior to COVID, Trump had a record-breaking economy! Unemployment was extremely low. Not one new war was started during his term, and massive in-roads with North Korea were being made. China was being brought to heel, and Putin would have never done what he's doing now, with Trump in office.

No one is perfect, but Biden is making Trump look like Jesus!
Posted by OU812ME2
Earth
Member since Jun 2021
814 posts
Posted on 8/26/22 at 10:30 am to
It's a bit much to blame him for folding. We had every media source putting death counters up along with every medical professional being paid to act like it was the end of the world. It was a lose/lose choice. Do I wish he had went ahead and stood firm and not followed any of the Rhino's and Liberals? yes. Of course I have 20/20 vision now that it's in the rear view mirror. Because it didn't matter. He wasn't going to win that election regardless of how many people voted for him. They were always going to find more votes to push dumbo over the top.

However to me his greatest failure is at the department of Justice. I wish he had sacked the whole place and vetted out the politicians.

Unfortunately it's a huge uniparty that is against any type of curtailing govt or suggesting they actually follow the law. Who else could you hire with any experience when everyone there is tainted?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260322 posts
Posted on 8/26/22 at 10:32 am to
quote:

Are you high?

Prior to COVID, Trump had a record-breaking economy!


He bailed out failed cities and states. That cannot be disputed.

He also hired a gaggle of losers, because he thought they were yes men.

Posted by Klark Kent
Houston via BR
Member since Jan 2008
66785 posts
Posted on 8/26/22 at 10:37 am to
Maybe President Dementia will craft up the “Inflation Reduction Act” 2.0. That way we can send a couple more billion to Ukraine, double the already inflated size of the IRS, and send some more grants/subsidies to combat “inequality”.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260322 posts
Posted on 8/26/22 at 10:39 am to
quote:

Unfortunately it's a huge uniparty


The beast is created of bureaucrats and people behind the scenes, they actually run the country.

The controls over policy through voting are simply a fantasy at this point. Its just for show.
Posted by greygoose
Member since Aug 2013
11443 posts
Posted on 8/26/22 at 10:53 am to
quote:

He bailed out failed cities and states. That cannot be disputed.

He also hired a gaggle of losers, because he thought they were yes men.

That gaggle of losers you refer to, looks like a MENSA meeting compared to the people Biden has surrounded his self with.

Fed chairman Powell just gave a speech today. Care to guess what he said? I save you the trouble of looking it up. shite is about to get really bad.
Posted by greygoose
Member since Aug 2013
11443 posts
Posted on 8/26/22 at 11:18 am to
quote:

However to me his greatest failure is at the department of Justice. I wish he had sacked the whole place and vetted out the politicians.

Sessions was a massive mistake, in hindsight. That being said, no one saw that coward shirking away like he ended up doing. Hopefully, Trump learned from his mistakes and will be way more vigilant with his appointments in his next term,
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