Biden’s economy

[Anonymous]

Yes. The ignorance of people saying the solution to inflation is public assistance is stunning. It is a safety net, not a subsidy to enable the government to mismanage the economy. The 25th may need to happen. Or impeach the guy. Not sure Kamala can be worse.

Yet it is a subsidy for businesses like Walmart to reap in more profits by keeping their wages down. They always oppose minimum wage increases and their employees have to use all these subsidies to survive.

[Anonymous]

Anonymous wrote:


Change the channel. Jobs are up. Wages are up. Profits are up. The period of mass dependence on public assistance was 2020 under your moronic hero.


Food prices are up. Gas prices are up. The price of goods - automobiles, furniture, etc. - is up. Home heating/AC costs are up.
Anyone who is oblivious to the high cost of everything or cannot admit that Biden has had a hand in these costs increase is naive.

These things are up all over the world. This is not just a US problem. In fact, the situation is much much worse in other countries. Biden is not causing all of this on his own. That would be amazing power.

[Anonymous]

Anonymous wrote:

Anonymous wrote:


Change the channel. Jobs are up. Wages are up. Profits are up. The period of mass dependence on public assistance was 2020 under your moronic hero.


Food prices are up. Gas prices are up. The price of goods - automobiles, furniture, etc. - is up. Home heating/AC costs are up.
Anyone who is oblivious to the high cost of everything or cannot admit that Biden has had a hand in these costs increase is naive.

These things are up all over the world. This is not just a US problem. In fact, the situation is much much worse in other countries. Biden is not causing all of this on his own. That would be amazing power.

Biden and co's anti-oil rhetoric surely isn't a sign of confidence for that industry to invest in increasing oil output.

[Anonymous]

What exactly would the Republicans be doing to "fix" things. They literally have no platform but cutting taxes for the wealthy and cutting benefits for everyone else.

[Anonymous]

Anonymous wrote:What exactly would the Republicans be doing to "fix" things. They literally have no platform but cutting taxes for the wealthy and cutting benefits for everyone else.

It is difficult for them to do anything with the spender-in-Chief currently in the WH. But, the House does have the power of the purse. Once they take over the House, and hopefully the Senate, they can put a halt to Biden's spending and start focusing on things that matter to the American people.

Still wondering, despite the record high prices, if Biden will still take any executive action on student loans. If he does, we know he really doesn't care about inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The ignorance of people saying the solution to inflation is public assistance is stunning. It is a safety net, not a subsidy to enable the government to mismanage the economy. The 25th may need to happen. Or impeach the guy. Not sure Kamala can be worse.

Change the channel. Jobs are up. Wages are up. Profits are up. The period of mass dependence on public assistance was 2020 under your moronic hero.

Inflation is like alcoholism: It feels good at first, but eventually there's a hangover.

So talk about inflation, but stop lying about every other part of the economy. People are not more dependent on government aid than 2 years ago, unemployment rate is extraordinarily low, workers are getting better and higher paying jobs, the budget deficit is way down. Yes, inflation is a major global problem. Every other complaint is a lie.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What exactly would the Republicans be doing to "fix" things. They literally have no platform but cutting taxes for the wealthy and cutting benefits for everyone else.

It is difficult for them to do anything with the spender-in-Chief currently in the WH. But, the House does have the power of the purse. Once they take over the House, and hopefully the Senate, they can put a halt to Biden's spending and start focusing on things that matter to the American people.

Still wondering, despite the record high prices, if Biden will still take any executive action on student loans. If he does, we know he really doesn't care about inflation.

More lies.

[Anonymous]

Anonymous wrote:What exactly would the Republicans be doing to "fix" things. They literally have no platform but cutting taxes for the wealthy and cutting benefits for everyone else.

Stop, I can only get so erec… eh, excited.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What exactly would the Republicans be doing to "fix" things. They literally have no platform but cutting taxes for the wealthy and cutting benefits for everyone else.

It is difficult for them to do anything with the spender-in-Chief currently in the WH. But, the House does have the power of the purse. Once they take over the House, and hopefully the Senate, they can put a halt to Biden's spending and start focusing on things that matter to the American people.

Still wondering, despite the record high prices, if Biden will still take any executive action on student loans. If he does, we know he really doesn't care about inflation.

Pray tell, what specific policies will GOP enact to solve inflation?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What exactly would the Republicans be doing to "fix" things. They literally have no platform but cutting taxes for the wealthy and cutting benefits for everyone else.

It is difficult for them to do anything with the spender-in-Chief currently in the WH. But, the House does have the power of the purse. Once they take over the House, and hopefully the Senate, they can put a halt to Biden's spending and start focusing on things that matter to the American people.

Still wondering, despite the record high prices, if Biden will still take any executive action on student loans. If he does, we know he really doesn't care about inflation.

Pray tell, what specific policies will GOP enact to solve inflation?

Especially given that it is a worldwide event.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The ignorance of people saying the solution to inflation is public assistance is stunning. It is a safety net, not a subsidy to enable the government to mismanage the economy. The 25th may need to happen. Or impeach the guy. Not sure Kamala can be worse.

Change the channel. Jobs are up. Wages are up. Profits are up. The period of mass dependence on public assistance was 2020 under your moronic hero.

Inflation is like alcoholism: It feels good at first, but eventually there's a hangover.

So talk about inflation, but stop lying about every other part of the economy. People are not more dependent on government aid than 2 years ago, unemployment rate is extraordinarily low, workers are getting better and higher paying jobs, the budget deficit is way down. Yes, inflation is a major global problem. Every other complaint is a lie.

umm... 80% of all US dollars in existence were printed in the last 22 months

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The ignorance of people saying the solution to inflation is public assistance is stunning. It is a safety net, not a subsidy to enable the government to mismanage the economy. The 25th may need to happen. Or impeach the guy. Not sure Kamala can be worse.

Change the channel. Jobs are up. Wages are up. Profits are up. The period of mass dependence on public assistance was 2020 under your moronic hero.

Inflation is like alcoholism: It feels good at first, but eventually there's a hangover.

So talk about inflation, but stop lying about every other part of the economy. People are not more dependent on government aid than 2 years ago, unemployment rate is extraordinarily low, workers are getting better and higher paying jobs, the budget deficit is way down. Yes, inflation is a major global problem. Every other complaint is a lie.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The ignorance of people saying the solution to inflation is public assistance is stunning. It is a safety net, not a subsidy to enable the government to mismanage the economy. The 25th may need to happen. Or impeach the guy. Not sure Kamala can be worse.

Change the channel. Jobs are up. Wages are up. Profits are up. The period of mass dependence on public assistance was 2020 under your moronic hero.

Inflation is like alcoholism: It feels good at first, but eventually there's a hangover.

So talk about inflation, but stop lying about every other part of the economy. People are not more dependent on government aid than 2 years ago, unemployment rate is extraordinarily low, workers are getting better and higher paying jobs, the budget deficit is way down. Yes, inflation is a major global problem. Every other complaint is a lie.

+1

Just stop. You can't shut down the economy, delete a bunch of jobs then claim you added the exact same jobs when the economy reopened.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What exactly would the Republicans be doing to "fix" things. They literally have no platform but cutting taxes for the wealthy and cutting benefits for everyone else.

It is difficult for them to do anything with the spender-in-Chief currently in the WH. But, the House does have the power of the purse. Once they take over the House, and hopefully the Senate, they can put a halt to Biden's spending and start focusing on things that matter to the American people.

Still wondering, despite the record high prices, if Biden will still take any executive action on student loans. If he does, we know he really doesn't care about inflation.

Answer the question. What are the GOP’s solutions?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The ignorance of people saying the solution to inflation is public assistance is stunning. It is a safety net, not a subsidy to enable the government to mismanage the economy. The 25th may need to happen. Or impeach the guy. Not sure Kamala can be worse.

Change the channel. Jobs are up. Wages are up. Profits are up. The period of mass dependence on public assistance was 2020 under your moronic hero.

Inflation is like alcoholism: It feels good at first, but eventually there's a hangover.

So talk about inflation, but stop lying about every other part of the economy. People are not more dependent on government aid than 2 years ago, unemployment rate is extraordinarily low, workers are getting better and higher paying jobs, the budget deficit is way down. Yes, inflation is a major global problem. Every other complaint is a lie.

umm... 80% of all US dollars in existence were printed in the last 22 months

That’s not true. What happened is the regulatory definition of the money supply (M1) changed in April 2020 to include savings accounts. That’s not new money, it’s money that had not counted as liquid that is now counted as liquid. That made M1 jump from $5 Trillion to $16 Trillion in one month, but it was an accounting change, not $11 Trillion in new money.

https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog

Before April 24, 2020, savings accounts were not part of M1. Limitations in the number of transfers from savings deposits made savings accounts less liquid than M1. M1 consisted of currency, demand deposits, and other highly liquid accounts called “other checkable deposits” (OCDs). An example of OCDs are the demand deposits at thrifts.

But the limitation on the number of these transfers was lifted on April 24 as an amendment to Regulation D, which specifies how banks must classify deposit accounts. Savings deposits are now just as liquid and convenient as currency, demand deposits, and OCDs. To reflect this fact, savings deposits are now included in M1.

As of May 2020, the old M1 would have had a value of around $5 trillion. The new M1 has a value of $16 trillion, a substantial increase and a clear break in the time series.