Posted by tangplay on 11/17/2021 4:07:00 PM (view original):
If you think Biden is the main cause of inflation and/or the supply chain stuff, please go back and retake it

Want to compare education? Let's do it.

So printing more $ in the last 18 months than in the history of the US combined isn't the real reason either?

The CBO estimates that President Biden's Build Back Better legislation will add just $367 billion to the deficit over a decade.

Here’s a fun game: Guess what the CBO said the GOP’s 2017 tax cuts would add to the deficit?

Posted by bruceleefan on 11/18/2021 5:47:00 PM (view original):
So printing more $ in the last 18 months than in the history of the US combined isn't the real reason either?

Japan, Britain, the world is having their highest inflation in years. It’s just about supply meeting demand, it’ll be fine shortly.

Meanwhile we had less unemployment claims for the 7th straight week, Target and Walmart reported great Q3 and projected Q4, Goldman Sachs is predicting full employment by mid 2022, and our stock market ended at an all-time high for the 66th time this year, a new record.

Posted by bruceleefan on 11/18/2021 5:47:00 PM (view original):
So printing more $ in the last 18 months than in the history of the US combined isn't the real reason either?

That is correct sir.

Posted by Uofa2 on 11/18/2021 6:23:00 PM (view original):

Posted by bruceleefan on 11/18/2021 5:47:00 PM (view original):
So printing more $ in the last 18 months than in the history of the US combined isn't the real reason either?

Japan, Britain, the world is having their highest inflation in years. It’s just about supply meeting demand, it’ll be fine shortly.

Meanwhile we had less unemployment claims for the 7th straight week, Target and Walmart reported great Q3 and projected Q4, Goldman Sachs is predicting full employment by mid 2022, and our stock market ended at an all-time high for the 66th time this year, a new record.

+1 *2

I’ll take 36 billion per year hit to deficit to fix so many problems esp after we lost so much revenue to make that up because Trump helped the people who DIDN’T need help.

And isn’t that the very essence of a bad president.

And when it comes to gas prices why higher if so many fewer people drive to work or hardly anywhere anymore.
Thats what causes nationalization in some parts of the world.

Posted by cccp1014 on 11/18/2021 5:45:00 PM (view original):

Posted by tangplay on 11/17/2021 4:07:00 PM (view original):
If you think Biden is the main cause of inflation and/or the supply chain stuff, please go back and retake it

Want to compare education? Let's do it.

You know what, I'll probably just defer to the overwhelming economics community that doesn't put the majority of the blame on Biden for the economic stuff.

As if we could go through a pandemic for a year that shut down everything and come out with zero short or long term economic damage.

Posted by bruceleefan on 11/18/2021 5:47:00 PM (view original):
So printing more $ in the last 18 months than in the history of the US combined isn't the real reason either?

I guess a bunch of other countries also decided to elect Joe Biden, it's the only possible reason for inflation rising around the world!

Genuinely, if you believe it's as simple as "more spending = inflation," you should go present these findings to some economics professors at a university or something, because you have clearly single-handedly figured out and simplified economic concepts that researchers have spend decades trying to understand and explain.

You have to understand that when conservatives do this, people are laughing at you

What people don't understand is that recessions are infinitely worse than short-term inflation. When millions lose their jobs and the economy grounds to a halt, there's going to be economic issues there. Allowing millions of Americans to suffer through that with no relief would have destroyed the economy for a decade or more.

There are no credible people in the economics community who believe that pushing stimulus forward was a bad idea. The criticism is that we might have done to little at the beginning and a bit too much at the end. Most of that, by the way, is on the Trump admin for waiting so long to push relief forward.

Another element to consider is that we had underperformed inflation targets (I can't believe how many people seem to think that inflation is always bad - some inflation is good, no inflation would mean a busted economy) for years before this. Short term inflation over expected is bad, but if it recedes within a year or so we'll be fine. If it continues, we're in some trouble and might risk an actual recession.

As for the supply chain/gas prices stuff, we've known for a long time that this was because suppliers cut production with reduced demand during the pandemic, and now demand is higher but production is slower to catch up. When demand is high but supply is low, prices increase.

Posted by cccp1014 on 11/18/2021 5:45:00 PM (view original):

Posted by tangplay on 11/17/2021 4:07:00 PM (view original):
If you think Biden is the main cause of inflation and/or the supply chain stuff, please go back and retake it

Want to compare education? Let's do it.

he lives!!!!!