Anonymous wrote:

Cry harder.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem is with far too much spending than the country can afford. Spending far beyond what any taxation could possibly pay for

Whichever party is more responsible for spending too much is the one to blame for inflation.

Hello, GOP, who passed an unfunded multi-trillion dollar tax cut that exploded the debt and deficit spending when it wasn't needed.

Tax revenues are higher every year.

Spending needs to go lower every year to match.

Tax revenues go up.

Spending never goes down.

It’s a spending problem.

In the first place, that’s not how any of this works.

In the second place, we have one place with runaway spending, but no one ever complains about it.


This is 2015, obviously, but it’s not much different now. https://www.nationalpriorities.org/campaigns/military-spending-united-states/

Anonymous wrote:

Anonymous wrote:The problem is with far too much spending than the country can afford. Spending far beyond what any taxation could possibly pay for

Whichever party is more responsible for spending too much is the one to blame for inflation.

Hello, GOP, who passed an unfunded multi-trillion dollar tax cut that exploded the debt and deficit spending when it wasn't needed.

Tax revenues are higher every year.

Spending needs to go lower every year to match.

Tax revenues go up.

Spending never goes down.

It’s a spending problem.

This is my theory.

The dollar is obviously on the road to becoming worthless. What does a 1.7 percent rate on a 30 year bond tell you?

It says the price of money is basically zero.


The dollar will lose favored world status and privilege because we have abused it so horribly and the world won’t stand by with making products with labor, capital and pollution while we push a button to print money to trade for those products while sitting on our asses doing pretend or unproductive work.

When that happens the s*it his the fan. The country is already in default because we can only pay with a printing press. But when that is taken away we will default by making a big coin of 30 trillion dollars and consider the debt paid. The dollar will then be abandoned and the politicians will point fingers in all directions for mass confusion.

The dollar will be replaced by some form of non fiat money and peoples dollars will be traded in for a much smaller sum of the new hard money.

A total reset is

Anonymous wrote:The problem is with far too much spending than the country can afford. Spending far beyond what any taxation could possibly pay for

Whichever party is more responsible for spending too much is the one to blame for inflation.

Hello, GOP, who passed an unfunded multi-trillion dollar tax cut that exploded the debt and deficit spending when it wasn't needed.

Anonymous wrote:

Ah, is this finally an admit that the economy isn't so great? And that we have a real inflationary problem emerging? And it's happening under the Democrats' watch? Because all you are left with in the face of overwhelming evidence is the belief that at least it isn't as bad as if it would be should the Republicans be in power.

Cool. Sure.

We can certainly look at the major economic recovery and rebounding already well under way by the end of 2020 and into the winter of 2021 under the previous administration to know that perhaps your blind sightedness isn't justified. We can also look at the monthly inflationary rates and point to when it really started to take off - which was AFTER Biden came into office, and AFTER the big rescue act was passed in March 2021 feeding more public free money into every bank account. One could argue that was the pivotal moment because the economy was already well on the way to recovery, wages were already increasing, but inflation, while building, was still only mild and manageable and under the rate of income growth - all strongly suggesting more deficit spending wasn't necessary - and could even backfire.

There were certainly prominent economists like Larry Summers warning that more federal spending was bring inflationary risks with it - and it may look like he's right after all. And in that case, the fault lies squarely on the Biden administration.

You are missing the basic point. The inflation is happening BECAUSE there is an economic recovery BECAUSE the Biden Administration actually did something to get kids back into school and people back to work.

If Trump were still president, the wealthy would be vaccinated and everyone else would be chattel.

Anonymous wrote:Someone explain it to me.

The Fed says the economy is strong but rates are at ultra emergency 0 percent.

Inflation is at a minimum 8 percent and the Feds big plan is to only raise rates to 7 tenths of 1 percent over a year from now.


How does a negative 5 + percent real return on treasury bonds encourage people to buy bonds and save money/finance the debt? How do historically low rates fight historically high inflation?

Who’s falling for this apparent nonsense?

The Fed is basically saying they are going to surrender to inflation. They are not going to fight it.

That's because they have no other option. Our near 30 trillion in debt has an average maturity of just 5 years, so any large increases in rates blows up the cost to service said debt rather quickly.

The problem is with far too much spending than the country can afford. Spending far beyond what any taxation could possibly pay for

Whichever party is more responsible for spending too much is the one to blame for inflation.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:According to a UPenn study just released, the average household experienced an increase of $3,500 In daily expenses in 2021. The inflation is real and most people can't afford it.

https://budgetmodel.wharton.upenn.edu/issues/2021/12/15/consumption-under-inflation-costs

I'm sure the GOP will do better.

We’d be in an economic tailspin, absolute free fall, if the GOP were in charge. They’re treason weasels and sedition fish, they’re actively trying to spread covid - if they were in charge so many more people would be dead and they don’t care about anyone but corporations (“corporate people,” thanks again, Chief Justice Johnny). The GOP whines and whines and whines about inflation but they don’t actually care about people. We would be so much worse off under a GOP president.

Ah, is this finally an admit that the economy isn't so great? And that we have a real inflationary problem emerging? And it's happening under the Democrats' watch? Because all you are left with in the face of overwhelming evidence is the belief that at least it isn't as bad as if it would be should the Republicans be in power.

Cool. Sure.

We can certainly look at the major economic recovery and rebounding already well under way by the end of 2020 and into the winter of 2021 under the previous administration to know that perhaps your blind sightedness isn't justified. We can also look at the monthly inflationary rates and point to when it really started to take off - which was AFTER Biden came into office, and AFTER the big rescue act was passed in March 2021 feeding more public free money into every bank account. One could argue that was the pivotal moment because the economy was already well on the way to recovery, wages were already increasing, but inflation, while building, was still only mild and manageable and under the rate of income growth - all strongly suggesting more deficit spending wasn't necessary - and could even backfire.

There were certainly prominent economists like Larry Summers warning that more federal spending was bring inflationary risks with it - and it may look like he's right after all. And in that case, the fault lies squarely on the Biden administration.

Someone explain it to me.

The Fed says the economy is strong but rates are at ultra emergency 0 percent.

Inflation is at a minimum 8 percent and the Feds big plan is to only raise rates to 7 tenths of 1 percent over a year from now.


How does a negative 5 + percent real return on treasury bonds encourage people to buy bonds and save money/finance the debt? How do historically low rates fight historically high inflation?

Who’s falling for this apparent nonsense?

The Fed is basically saying they are going to surrender to inflation. They are not going to fight it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fed dropping 3 interest rate hikes w/ bigger than expected tapering moves. Hopefully the FED gets it right or there will be a recession .

Jen really needs to stop promulgating the story that this is 'transitory'. That fairy tale story is over.

That is the big problem with the Biden administration. They're just not honest in the face of overwhelming evidence. And when pressed into a corner they make waspish comments about having to miss out on a treadmill (WTF?). No one likes or believes this kind of contemptuous spin. And it's a Marie Antoinette let them eat cake attitude that turns off so many people.

We're a long way from Bill Clinton's "I feel your pain" that at least showed an acknowledgement of economic problems.

Definitely. I voted for Biden and think Psaki is the most skillful Press Secretary I've ever seen - nevertheless his team really comes off as smug and more insulated than even the Obama administration and that's saying something. I watch them and it feels like they live in a platinum (not ivory) tower away from the rest of the country and don't understand the every day ramifications of their polices EVEN IF the policies have good intentions or will be excellent in the long run.

No one wants to suffer under 'transitory' inflation for 3 years knowing that in 10 years the polices will pay off. F that. Give me normalcy.

But that’s not fair. She openly and clearly identified the cause of inflation during the Wednesday presser:

- current inflation is caused by the meat conglomerate.

Case closed : - )

Will people in the future use 'Jen Psaki' as a byword for a certain cluelessness just as we use Marie Antoinette?

Sigh.

Psaki and her problem with Big Meat. . .

Anonymous wrote:

Anonymous wrote:According to a UPenn study just released, the average household experienced an increase of $3,500 In daily expenses in 2021. The inflation is real and most people can't afford it.

https://budgetmodel.wharton.upenn.edu/issues/2021/12/15/consumption-under-inflation-costs

I'm sure the GOP will do better.

We’d be in an economic tailspin, absolute free fall, if the GOP were in charge. They’re treason weasels and sedition fish, they’re actively trying to spread covid - if they were in charge so many more people would be dead and they don’t care about anyone but corporations (“corporate people,” thanks again, Chief Justice Johnny). The GOP whines and whines and whines about inflation but they don’t actually care about people. We would be so much worse off under a GOP president.

Anonymous wrote:According to a UPenn study just released, the average household experienced an increase of $3,500 In daily expenses in 2021. The inflation is real and most people can't afford it.

https://budgetmodel.wharton.upenn.edu/issues/2021/12/15/consumption-under-inflation-costs

I'm sure the GOP will do better.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fed dropping 3 interest rate hikes w/ bigger than expected tapering moves. Hopefully the FED gets it right or there will be a recession .

Jen really needs to stop promulgating the story that this is 'transitory'. That fairy tale story is over.

That is the big problem with the Biden administration. They're just not honest in the face of overwhelming evidence. And when pressed into a corner they make waspish comments about having to miss out on a treadmill (WTF?). No one likes or believes this kind of contemptuous spin. And it's a Marie Antoinette let them eat cake attitude that turns off so many people.

We're a long way from Bill Clinton's "I feel your pain" that at least showed an acknowledgement of economic problems.

Definitely. I voted for Biden and think Psaki is the most skillful Press Secretary I've ever seen - nevertheless his team really comes off as smug and more insulated than even the Obama administration and that's saying something. I watch them and it feels like they live in a platinum (not ivory) tower away from the rest of the country and don't understand the every day ramifications of their polices EVEN IF the policies have good intentions or will be excellent in the long run.

No one wants to suffer under 'transitory' inflation for 3 years knowing that in 10 years the polices will pay off. F that. Give me normalcy.

But that’s not fair. She openly and clearly identified the cause of inflation during the Wednesday presser:

- current inflation is caused by the meat conglomerate.

Case closed : - )

Will people in the future use 'Jen Psaki' as a byword for a certain cluelessness just as we use Marie Antoinette?