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Makes no sense to me
2 months ago  ::  Jun 22, 2022 - 1:11PM #11
Max
Posts: 10,398

Jun 22, 2022 -- 1:03PM, SSBob wrote:


Jun 22, 2022 -- 12:52PM, Max wrote:


Jun 22, 2022 -- 8:48AM, newinn wrote:


if the goal is to stop inflation ( common sense told me this would be a problem 6 months ago) why would Biden and the states give a gas tax holiday? Seems to me, and I've been wrong before, but the gov't has to stop pumping money into the economy now. Money that is distributed from the gov't needs to be far more targeted just like it should have been targeted during the pandemic. 



There is a time to pump money into the economy and there is a time to tighten our belts. If inflation is caused by too much money chasing too few goods I would think we need to take some disposible income out of the economy not add to it




My only guess is lowing gas prices would lower the price of other goods. If that's not the reason, then I don't understand having a gas holiday either. lol




~~~~~~~~~~~~~~~~~


The complaint has been that higher gas prices have made it harder for some to acquire necessities. Doesn't sound like consumers will spend whatever they save on gas on luxuries.




If it wasn't for Bush 41 and the US military Saudi Arabia would be part of Iraq. Interesting to see if Saudi Arabia returns the favor and starts pumping more oil if Biden asks them to.


A US ally is at war with Russia, shame on the US big oil companies for not stepping up in ways that would lower the price of gas for fellow Americans.

2 months ago  ::  Jun 22, 2022 - 3:33PM #12
louisiana_lightning
Posts: 21,993

While Powell testified before the Senate Banking Committee, Sen. Bill Hagerty (R-Tenn.) asked Powell whether Biden's narrative — that Putin and the Ukraine war are responsible for America's inflation crisis — is true.


"I realize there are a number of factors that play a role in the historic inflation that we’re experiencing: supply chain disruptions, regulations that constrain supply, we’ve got rising inflation expectations and excessive fiscal spending, But the problem hasn’t sprung out of nowhere," Hagerty said. "In January of 2021, inflation was at 1.4%. By December of 2021, it had risen to 7% — a fivefold increase. Now, since the war in Ukraine began in late February, the rate of inflation has risen incrementally another 1.6% to a current level of 8.6%. So again, from 7% to 8.6%.


"Given how inflation has escalated over the past 18 months, would you say that the war in Ukraine is the primary driver of inflation in America?" the senator then asked.


"No, inflation was high before, certainly before the war in Ukraine broke out," Powell admitted.

2 months ago  ::  Jun 22, 2022 - 3:43PM #13
dixieyank
Posts: 6,835

Our govt is useless, and this make almost no sense.


This is like putting a piece of chewing gum in the hole in the dam. But look!!! Biden did something!!!

2 months ago  ::  Jun 22, 2022 - 4:20PM #14
NY23
Posts: 20,477

The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers. We know the answer from right-wing socialists: redistribute more wealth from the poor and the middle class to the rich, ie trickle-down economics.  

2 months ago  ::  Jun 22, 2022 - 4:28PM #15
louisiana_lightning
Posts: 21,993

Jun 22, 2022 -- 4:20PM, NY23 wrote:


The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers. We know the answer from right-wing socialists: redistribute more wealth from the poor and the middle class to the rich, ie trickle-down economics.  




Government unfunded liabilities are always inflationary.  Stop with the zombie economic theory

2 months ago  ::  Jun 22, 2022 - 4:32PM #16
NY23
Posts: 20,477

Jun 22, 2022 -- 4:28PM, louisiana_lightning wrote:


Jun 22, 2022 -- 4:20PM, NY23 wrote:


The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers. We know the answer from right-wing socialists: redistribute more wealth from the poor and the middle class to the rich, ie trickle-down economics.  




Government unfunded liabilities are always inflationary.  Stop with the zombie economic theory




BACK TO REALITY: The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers.


There would NOT be all these inflationary pressures if the supply-side of the market was meeting the demands of consumers.  Don't forget, as a supporter of supply-side socialism, you are also supporting the zombie economic theories of the radical right.

2 months ago  ::  Jun 22, 2022 - 4:36PM #17
bertram
Posts: 17,474

Jun 22, 2022 -- 4:32PM, NY23 wrote:


Jun 22, 2022 -- 4:28PM, louisiana_lightning wrote:


Jun 22, 2022 -- 4:20PM, NY23 wrote:


The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers. We know the answer from right-wing socialists: redistribute more wealth from the poor and the middle class to the rich, ie trickle-down economics.  




Government unfunded liabilities are always inflationary.  Stop with the zombie economic theory




BACK TO REALITY: The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers.


There would NOT be all these inflationary pressures if the supply-side of the market was meeting the demands of consumers.  Don't forget, as a supporter of supply-side socialism, you are also supporting the zombie economic theories of the radical right.




Still the same VooDoo that Daddy Bush was talkin' about before Reagan bought his silence with the VP nod...

2 months ago  ::  Jun 22, 2022 - 4:51PM #18
louisiana_lightning
Posts: 21,993

Jun 22, 2022 -- 4:36PM, bertram wrote:


Jun 22, 2022 -- 4:32PM, NY23 wrote:


Jun 22, 2022 -- 4:28PM, louisiana_lightning wrote:


Jun 22, 2022 -- 4:20PM, NY23 wrote:


The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers. We know the answer from right-wing socialists: redistribute more wealth from the poor and the middle class to the rich, ie trickle-down economics.  




Government unfunded liabilities are always inflationary.  Stop with the zombie economic theory




BACK TO REALITY: The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers.


There would NOT be all these inflationary pressures if the supply-side of the market was meeting the demands of consumers.  Don't forget, as a supporter of supply-side socialism, you are also supporting the zombie economic theories of the radical right.




Still the same VooDoo that Daddy Bush was talkin' about before Reagan bought his silence with the VP nod...




After Carter they had to increase interest rates higher than inflation to get investors to buy bonds again.  Clinton was using the same horrific economic theory until he had to acquiesce to the Contract With America making him a popular President.  Biden will not be that pragmatic despite what you said.  He was elected to be boring and he has been destructively dogmatic.

2 months ago  ::  Jun 22, 2022 - 5:01PM #19
NY23
Posts: 20,477

Jun 22, 2022 -- 4:51PM, louisiana_lightning wrote:


Jun 22, 2022 -- 4:36PM, bertram wrote:


Jun 22, 2022 -- 4:32PM, NY23 wrote:


Jun 22, 2022 -- 4:28PM, louisiana_lightning wrote:


Jun 22, 2022 -- 4:20PM, NY23 wrote:


The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers. We know the answer from right-wing socialists: redistribute more wealth from the poor and the middle class to the rich, ie trickle-down economics.  




Government unfunded liabilities are always inflationary.  Stop with the zombie economic theory




BACK TO REALITY: The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers.


There would NOT be all these inflationary pressures if the supply-side of the market was meeting the demands of consumers.  Don't forget, as a supporter of supply-side socialism, you are also supporting the zombie economic theories of the radical right.




Still the same VooDoo that Daddy Bush was talkin' about before Reagan bought his silence with the VP nod...




After Carter they had to increase interest rates higher than inflation to get investors to buy bonds again.  Clinton was using the same horrific economic theory until he had to acquiesce to the Contract With America making him a popular President.  Biden will not be that pragmatic despite what you said.  He was elected to be boring and he has been destructively dogmatic.




Destructively dogmatic describes Crackhead Benito Trump and Ronald ReagantheHood.  Biden is unlucky to have inherited the economic mess of the worst president ever.

2 months ago  ::  Jun 22, 2022 - 5:02PM #20
louisiana_lightning
Posts: 21,993

Jun 22, 2022 -- 5:01PM, NY23 wrote:


Jun 22, 2022 -- 4:51PM, louisiana_lightning wrote:


Jun 22, 2022 -- 4:36PM, bertram wrote:


Jun 22, 2022 -- 4:32PM, NY23 wrote:


Jun 22, 2022 -- 4:28PM, louisiana_lightning wrote:


Jun 22, 2022 -- 4:20PM, NY23 wrote:


The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers. We know the answer from right-wing socialists: redistribute more wealth from the poor and the middle class to the rich, ie trickle-down economics.  




Government unfunded liabilities are always inflationary.  Stop with the zombie economic theory




BACK TO REALITY: The primary driver of inflation is the failure of the markets to meet the present-day demands of the consumers.


There would NOT be all these inflationary pressures if the supply-side of the market was meeting the demands of consumers.  Don't forget, as a supporter of supply-side socialism, you are also supporting the zombie economic theories of the radical right.




Still the same VooDoo that Daddy Bush was talkin' about before Reagan bought his silence with the VP nod...




After Carter they had to increase interest rates higher than inflation to get investors to buy bonds again.  Clinton was using the same horrific economic theory until he had to acquiesce to the Contract With America making him a popular President.  Biden will not be that pragmatic despite what you said.  He was elected to be boring and he has been destructively dogmatic.




Destructively dogmatic describes Crackhead Benito Trump and Ronald ReagantheHood.  Biden is unlucky to have inherited the economic mess of the worst president ever.




That's disconnected from reality.

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