Inflation

[Jim in CT]

Originally Posted by wdmso

Germany: Inflation hits 29-year high of 5.2%


UK inflation rate 2021 - live: Price rises at highest in a decade at 4.2% amid fears over Covid recovery

Inflation in 19 Nations Using Euro Hits Record High of 4.9%


Conservatives doing the only thing they do is blame … it’s Biden aka Brandon’s fault
And their supporters are uninformed sheep. Who think American is the center of the universe . And a POTUS has powers he doesn’t to control prices

It’s called pandemic recovery

dumping trillions of dollars into the economy is one thing that fuels inflation. and the president has some control over that.

do you expect us to believe that if trump was president, and we had similar inflation, that you’d say the same thing? seriously?

trump also spent like a lunatic, so we were due for some inflation. it’s very reasonable to believe that biden’s massive spending, added fuel to that fire. and he owns that. his administration was also very dismissive of inflation for a long time, denying there was inflation and then saying it was temporary. he was wrong about it being temporary. he owns that too.

like almost everything, it’s not all biden’s fault, but he’s not blameless either.

the dems are between a rock and a hard place. the best way to control inflation is to increase interest rates, which would easily hurt the housing market and trigger a recession ( we’re overdue for a recession). so he has to choose between letting inflation run wild, or controlling inflation and possibly causing a recession. kind of a no win situation.
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[wdmso]

Originally Posted by Jim in CT

dumping trillions of dollars into the economy is one thing that fuels inflation. and the president has some control over that.

do you expect us to believe that if trump was president, and we had similar inflation, that you’d say the same thing? seriously?

trump also spent like a lunatic, so we were due for some inflation. it’s very reasonable to believe that biden’s massive spending, added fuel to that fire. and he owns that. his administration was also very dismissive of inflation for a long time, denying there was inflation and then saying it was temporary. he was wrong about it being temporary. he owns that too.

like almost everything, it’s not all biden’s fault, but he’s not blameless either.

the dems are between a rock and a hard place. the best way to control inflation is to increase interest rates, which would easily hurt the housing market and trigger a recession ( we’re overdue for a recession). so he has to choose between letting inflation run wild, or controlling inflation and possibly causing a recession. kind of a no win situation.
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It’s world wide Jim it’s not isolated to the USA as Republicans suggest they are unable to speak honestly with their voters .. truth equals RINO lies equals re election

PS how long do you think any bills Biden signed and the money attached to them to affect the economy…. Huntley noted that he doesn't expect the spending package to increase inflation because of the time it will take for the money to be released.

Another fallacy pushed by Republicans
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[Jim in CT]

Originally Posted by wdmso

It’s world wide Jim it’s not isolated to the USA as Republicans suggest they are unable to speak honestly with their voters .. truth equals RINO lies equals re election

PS how long do you think any bills Biden signed and the money attached to them to affect the economy…. Huntley noted that he doesn't expect the spending package to increase inflation because of the time it will take for the money to be released.

Another fallacy pushed by Republicans
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so because it’s worldwide, you give biden a pass.

The covid pandemic is also worldwide, but you didn’t use that as an excuse to give trump a pass. did you? no, you didn’t. just because something is happening in germany, doesn’t mean it has to happen here. again, not all of this is biden’s fault, obviously. But he’s not completely blameless, either. When you drastically increase the supply of something ( like dollars), you run the risk of decreasing the value of that something. that principle is in chapter 1 of every single economics text ever printed.

we get it, wayne. the democrats is always right, the republican is always wrong. always.
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