Biden’s economy

[Anonymous]

Anonymous wrote:Rut Ruh

BREAKING: US credit-card delinquency rates were the highest on record in the fourth quarter, according to a Federal Reserve Bank of Philadelphia report.

so...people shouldn't be using their credit cards to buy things they can't afford. You know, bootstraps and all.

[Anonymous]

As long as he is giving handouts like loan forgiveness and his other 2 legislations are paying out, inflation will continue. It's simple stuff guys

[Anonymous]

Inflation will win. Then what?

[Anonymous]

Anonymous wrote:As long as he is giving handouts like loan forgiveness and his other 2 legislations are paying out, inflation will continue. It's simple stuff guys

Loan forgiveness has zero effect on inflation. It is not spending money, it is forgiving future loan payments and the amount foregiven is not even detectable compared to the size of the U.S. economy. It does not increase prices of anything today or in the future.

[Anonymous]

Anonymous wrote:

Anonymous wrote:As long as he is giving handouts like loan forgiveness and his other 2 legislations are paying out, inflation will continue. It's simple stuff guys

Loan forgiveness has zero effect on inflation. It is not spending money, it is forgiving future loan payments and the amount foregiven is not even detectable compared to the size of the U.S. economy. It does not increase prices of anything today or in the future.

Incorrect. The borrowers don’t have to pay that money to the government. That means they suddenly have a certain amount of cash now available to spend on other stuff. So it basically is yet another infusion of cash into the economy. And there is already too much cash in the economy. That is what inflation is…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As long as he is giving handouts like loan forgiveness and his other 2 legislations are paying out, inflation will continue. It's simple stuff guys

Loan forgiveness has zero effect on inflation. It is not spending money, it is forgiving future loan payments and the amount foregiven is not even detectable compared to the size of the U.S. economy. It does not increase prices of anything today or in the future.

Incorrect. The borrowers don’t have to pay that money to the government. That means they suddenly have a certain amount of cash now available to spend on other stuff. So it basically is yet another infusion of cash into the economy. And there is already too much cash in the economy. That is what inflation is…

No, there's not too much cash. There's too little supply of goods and services that are in demand, which has driven the prices higher. It's not money being thrown from helicopters now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As long as he is giving handouts like loan forgiveness and his other 2 legislations are paying out, inflation will continue. It's simple stuff guys

Loan forgiveness has zero effect on inflation. It is not spending money, it is forgiving future loan payments and the amount foregiven is not even detectable compared to the size of the U.S. economy. It does not increase prices of anything today or in the future.

Incorrect. The borrowers don’t have to pay that money to the government. That means they suddenly have a certain amount of cash now available to spend on other stuff. So it basically is yet another infusion of cash into the economy. And there is already too much cash in the economy. That is what inflation is…

No, there's not too much cash. There's too little supply of goods and services that are in demand, which has driven the prices higher. It's not money being thrown from helicopters now.

I don’t think you ever too economics. Oversupply of cash is typically one of the top 3 causes if inflation and frankly Biden has pumped money into the economy over and over. Trump did a covid stimulus and it was controversial because of the potential it could cause inflation but he did it when the country was shut down from COVID. Biden did it again in January’s 2021 and the country was coming out of COVID. He then did the Inflation Reduction (production) act and the infrastructure bill. He keeps trying to cancel student debt. And guess what… inflation is high and not getting better. He has made it much worse than it needed to be but he wants to buy votes so pumping another 7 billion into the economy to buy votes is worth it to him. There are other factors that contribute and extend inflation but you have to be completely ignorant about economics if you refuse to acknowledge that too much cash chasing too few goods is one of the main factors.

[Anonymous]

Inflation is 100 percent a monetary phenomenon. Too much money chasing too little productivity

[Anonymous]

Anonymous wrote:

Anonymous wrote:Keep the left (democrats and RINOS) away from finance and economics.

You don’t like economic growth? Republican President = Recession. It’s what they do.

What economic growth? The government creating money out of thin air to "buy" jobs? Yeah, I don't think so.

The last employment report was 303K new jobs. 71K were in the medical field (paper pushers) and 72K in government (paper pushing).

So the true number was more like 160K jobs created and the rest fantasy. Your "growth" is producing very little; just a dollar that has less and less value.

[Anonymous]

Medical field are doctors, nurses, health aides, assistants who work in the senior assisted living communities etc. It is a huge growth industry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Keep the left (democrats and RINOS) away from finance and economics.

You don’t like economic growth? Republican President = Recession. It’s what they do.

What economic growth? The government creating money out of thin air to "buy" jobs? Yeah, I don't think so.

The last employment report was 303K new jobs. 71K were in the medical field (paper pushers) and 72K in government (paper pushing).

So the true number was more like 160K jobs created and the rest fantasy. Your "growth" is producing very little; just a dollar that has less and less value.

Look into GDP. It’s a thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As long as he is giving handouts like loan forgiveness and his other 2 legislations are paying out, inflation will continue. It's simple stuff guys

Loan forgiveness has zero effect on inflation. It is not spending money, it is forgiving future loan payments and the amount foregiven is not even detectable compared to the size of the U.S. economy. It does not increase prices of anything today or in the future.

Incorrect. The borrowers don’t have to pay that money to the government. That means they suddenly have a certain amount of cash now available to spend on other stuff. So it basically is yet another infusion of cash into the economy. And there is already too much cash in the economy. That is what inflation is…

No, there's not too much cash. There's too little supply of goods and services that are in demand, which has driven the prices higher. It's not money being thrown from helicopters now.

I don’t think you ever too economics. Oversupply of cash is typically one of the top 3 causes if inflation and frankly Biden has pumped money into the economy over and over. Trump did a covid stimulus and it was controversial because of the potential it could cause inflation but he did it when the country was shut down from COVID. Biden did it again in January’s 2021 and the country was coming out of COVID. He then did the Inflation Reduction (production) act and the infrastructure bill. He keeps trying to cancel student debt. And guess what… inflation is high and not getting better. He has made it much worse than it needed to be but he wants to buy votes so pumping another 7 billion into the economy to buy votes is worth it to him. There are other factors that contribute and extend inflation but you have to be completely ignorant about economics if you refuse to acknowledge that too much cash chasing too few goods is one of the main factors.

You can complain all you want about the Inflation Reduction Act and Infrastructure bill, but those were necessary for American competition and growth. We must bring manufacturing back from China and the IRA helps that tremendously. The number one factor that is causing inflation to be high is housing. Also, our supply chain has not returned to pre-pandemic stability.

[Anonymous]

Anonymous wrote:Medical field are doctors, nurses, health aides, assistants who work in the senior assisted living communities etc. It is a huge growth industry.

Yeah, sorry. Most of those jobs are tag-ons and administrivia to make the medical bills higher.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Keep the left (democrats and RINOS) away from finance and economics.

You don’t like economic growth? Republican President = Recession. It’s what they do.

What economic growth? The government creating money out of thin air to "buy" jobs? Yeah, I don't think so.

The last employment report was 303K new jobs. 71K were in the medical field (paper pushers) and 72K in government (paper pushing).

So the true number was more like 160K jobs created and the rest fantasy. Your "growth" is producing very little; just a dollar that has less and less value.

Look into GDP. It’s a thing.

Look into U.S. losing its reserve currency status. It's a thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Keep the left (democrats and RINOS) away from finance and economics.

You don’t like economic growth? Republican President = Recession. It’s what they do.

What economic growth? The government creating money out of thin air to "buy" jobs? Yeah, I don't think so.

The last employment report was 303K new jobs. 71K were in the medical field (paper pushers) and 72K in government (paper pushing).

So the true number was more like 160K jobs created and the rest fantasy. Your "growth" is producing very little; just a dollar that has less and less value.

Look into GDP. It’s a thing.

Look into U.S. losing its reserve currency status. It's a thing.

Evidence?