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Started By
Message
re: Trump blames port workers strike on 'massive inflation' caused by 'Harris-Biden regime'
Posted on 10/1/24 at 12:56 pm to Bunk Moreland
Posted on 10/1/24 at 12:56 pm to Bunk Moreland
quote:
SFP and I have been making the point repeatedly that the inflation now may just be the COVID money washing through and we haven't even felt the effects of Biden's spending.
I hope you understand the role of the Federal Reserve and it's relationship with congress and how it maintains interest rates (Fed's Fun Rate) and uses that as a tool to slow or speed up inflation.
There is no link. The Federal Reserve balance sheet tells the story.
LINK
Generally speaking the antidote to inflation is productivity and we measure productivity through real GDP.
But here is the deal. 2% growth with mostly government spending is not as an effective antidote to inflation as 2% growth without government spending, i.e., organic economic growth through labor and extracting value from natural resources.
0
Posted on 10/1/24 at 2:00 pm to GumboPot
That could be said more. East coast is more expensive to live so higher prices would hurt
Posted on 10/1/24 at 2:15 pm to Nosevens
Bottom line, in this political climate it is the right message.
Posted on 10/1/24 at 2:23 pm to John Barron
If people dont understand all the issues from illegal immigration at this point they are surely a lost cause and not even worth a breath of conversation.
Posted on 10/1/24 at 2:29 pm to Bunk Moreland
quote:
Trump lit the fire with COVID bucks, Biden poured gas on it with BBB and "Inflation Reduction" Act.
Trump didn’t have much of a choice. Dems were willing to shutdown the economy and keep it closed to destroy Trump.
Posted on 10/1/24 at 2:32 pm to GumboPot
Posted on 10/1/24 at 3:02 pm to GumboPot
quote:
So you think the IRA spending had no impact?
A lot of things impacted inflation. One being Trump's spending and printing money. To think that just went away is naive.
The entire world is experiencing inflation. It's complex.
Did Biden policies speed it up? Almost definitely. Plenty of blame to go around.
Posted on 10/1/24 at 3:10 pm to GumboPot
Was wondering how he was going to play this
Great stuff from Orange
Great stuff from Orange
Posted on 10/1/24 at 3:14 pm to GumboPot
quote:completely shifts the conversation away from Covid and directly onto the inflation caused by Harris
"The strike was caused by the massive inflation that was created by the Harris-Biden regime," Trump told Fox News Digital. "Everybody understands the dockworkers because they were decimated by this inflation, just like everybody else in our country and beyond."
Posted on 10/1/24 at 3:15 pm to BayouBlitz
Oh look a Dem pos who will.never take responsibility
Its always Oranges fault
Its always Oranges fault
Posted on 10/1/24 at 3:18 pm to GumboPot
I approve of this message... Everything has gone to shite under these clowns
Posted on 10/1/24 at 7:20 pm to GumboPot
This is a solid angle to take without actually picking sides
SFP is crying right now
SFP is crying right now
Posted on 10/1/24 at 7:43 pm to Bonkers119
The head of the port workers union is buddy buddy with Trump.
Posted on 10/1/24 at 7:44 pm to GumboPot
Greedy corporations are to blame.
Kamala ad said so.
Kamala ad said so.
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