That's Bidenomics
Apr 14, 2024 05:32:21 #
Wyantry wrote:
I am interested in your remark about this as an “o... (show quote)
I respect Mick Mulvaney, but this piece is just a GOP talking point of anti-regulations. He did not mention a single case of a regulation as causation of current inflation. He did mention the just passed bill to get rid of forever chemicals in our water which, in his opinion, MAY increase prices and if wages and less taxes for lower income don't rise proportionately, MAY cause inflation. He did not mention the government spending, he did not mention minimum wage increases, he did not mention trumps 2017 tax repeal for the rich nor his desire to extend it, he did nor mention wars, he did not mention avian flu, he did not mention corporate greed. He picked one element of inflation and then failed to support his argument with a single fact-based cause and effect results example. It did not include a single Biden policy that has been the cause of inflation, yet that was his hypothesis.
Apr 14, 2024 08:25:39 #
Wyantry wrote:
I am interested in your remark about this as an “o... (show quote)
Then why was inflation not way up when Reagan “tripled “ the nation debt or when trump raised it by $8 trillion in just four years . Inflation is driven unbalanced supply. Demand
Apr 15, 2024 08:00:42 #
DennyT wrote:
Then why was inflation not way up when Reagan “tripled “ the nation debt or when trump raised it by $8 trillion in just four years . Inflation is driven unbalanced supply. Demand
Mulvaney could not mention the 2 large bills passed during the Biden Administration because they are more than paying for themselves and he could not mention any regs, especially on oil production, because production is at record highs. He mentioned one reg that just got passed so this is only conjecture.
https://www.nteu.org/blog/2024/02/13/report-shows-even-higher-return-on-irs-i
We are more energy independent under the Biden Admin. That was a big MAGA rallying cry that Biden was going make us more dependent.
https://www.forbes.com/sites/rrapier/2023/05/02/us-energy-independence-soars-to-highest-levels-in-over-70-years/?sh=72e0574d977f
Apr 15, 2024 09:34:41 #
Triple G wrote:
Not exactly at the roof anymore - you're using old... (show quote)
Sorry I’m really late to the thread, but the phrase ‘inflation is coming down’ is either ignorant or deceptive. Inflation is a measure of the rate at which prices are increasing. Seeing the inflation stats at lower numbers means only that the increase in prices is less rapid. Only a negative value would show inflation actually coming ‘down’ in the way that would actually benefit anyone.
That the inflation stats are lower than a few months back is not ‘good’ news, but rather only less severe bad news. Imagine it in a different setting: “Good news Mr Doe. Your brain tumor is still inoperable, but it is growing more slowly than it was six weeks ago.”
Apr 15, 2024 09:42:03 #
Triple G wrote:
Mulvaney could not mention the 2 large bills passe... (show quote)
Gee, you're ruining many of the cute little trumpette sound bites.
Apr 15, 2024 09:43:55 #
Apr 15, 2024 09:59:45 #
Wyantry
Loc: SW Colorado
Tex-s wrote:
Sorry I’m really late to the thread, but the phras... (show quote)
”Seeing the inflation stats at lower numbers means only that the increase in prices is less rapid. . .
. . . That the inflation stats are lower than a few months back is not ‘good’ news, but rather only less severe bad news.
And this is EXACTLY what Biden and Democrats refuse to admit!
Apr 15, 2024 09:59:53 #
Tex-s wrote:
Sorry I’m really late to the thread, but the phras... (show quote)
While true, the opposite could be said that although the "experts" were proclaiming long term run away inflation and recession less than two years ago, they are now saying soft landing, robust economy with encouraging GDP growth, low unemployment, job growth, lower inflation rate closer to the 2% goal and wage growth.
To rephrase your analogy. The specialists declared the patient's imminent death, but now is telling the patient that he is no longer terminal and that the treatments are working more quickly than originally predicted and that a full recovery is possible if the current treatments are continued. You can keep your half empty glass and I'll keep my half full glass with continual refills.
Apr 15, 2024 10:00:42 #
Wyantry wrote:
”Seeing the inflation stats at lower numbers means only that the increase in prices is less rapid. . .
. . . That the inflation stats are lower than a few months back is not ‘good’ news, but rather only less severe bad news.
And this is EXACTLY what Biden and Democrats refuse to admit!
. . . That the inflation stats are lower than a few months back is not ‘good’ news, but rather only less severe bad news.
And this is EXACTLY what Biden and Democrats refuse to admit!
From a guy who believes a fluff piece has some significance, you show yourself as part of the problem and not the solution. There are always naysayers who avoid the stats of good news, and say but, but, but and whatabout.
Look at the details:
No one is saying that there aren't portions of the economy that are struggling. Look at the reasons.
Home and car insurance at 20-30% renewal rates,
Beef prices up due to environmental issues.
Chicken and egg prices up due to Avian flu.
Rentals and home ownership costs are way too high due to shortage of housing and relatively high interest rates. (I bought our first home during 10-12% inflation rates so your boo hoo hoo about 7% doesn't phase me.)
There is very little that any administration can do to make immediate impact on any of those things.
Apr 15, 2024 10:06:09 #
Apr 15, 2024 21:49:31 #
Apr 16, 2024 06:43:12 #
scooter1 wrote:
All manufacturers and producers need to be called to account to explain their math in charging their prices. Distribution system disruption is no longer a valid catch-all answer.
https://www.bloomberg.com/news/live-blog/2024-04-10/us-cpi-report-for-march?embedded-checkout=true
Apr 16, 2024 08:21:15 #
DennyT wrote:
Then why was inflation not way up when Reagan “tripled “ the nation debt or when trump raised it by $8 trillion in just four years . Inflation is driven unbalanced supply. Demand
And the answer is ??????
Apr 16, 2024 09:21:58 #
DennyT wrote:
And the answer is ??????
Easy...vote Trump 2024. Obviously POS Biden hasn't a clue. Anybody would be better than Biden. Hell, you would be better than Biden and Trump would run rings around you.
Dennis
Apr 16, 2024 11:43:13 #
dennis2146 wrote:
Easy...vote Trump 2024. Obviously POS Biden hasn't a clue. Anybody would be better than Biden. Hell, you would be better than Biden and Trump would run rings around you.
Dennis
Dennis
An answer to a question not ask.
Typical when you have no answer to the question.
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