Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

This. So much free money was floating around the economy. In order to get workers hourly wages have had to be risen drastically in the last two years.
Biden likes to disparage the meatpacking industry but in our very own Maryland eastern shore counties, Sussex County Delaware and Accomac County Virginia hourly rates of pay for chicken processors were $10 per hour prior to Covid. This is why your chicken was affordable. Due to the government flooding the supply of money starting rates of pay for chicken processors (in less than 2 years) are now at $17 - $20 per hour. It was inevitable that the price of your chicken rose in cost.

Wrong. People don't want to work for $10 an hour anymore. It's not due to UE benefits. Those ended long ago. People are fed up. We are going to have to start to pay more for items. We are addicted to cheap food. And BTW, you pay either way because those same people who work for $10/hour need other supports like food stamps to actually live. People didn't save that money. They spent it 6 months ago.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

2/3 of that 50% in 2 years was during the Trump administration. But of course the answer to inflation is to elect Republicans, right?

The USG doesn't directly control the supply of money doofus.

Biden should have never handed out the $1T stimulus to buy the GA elections. And the Democrats want to keep the foot on the gas of inflation with their stupid multi-trillion dollar spending plans. Back when stimulus and money was being injected into the economy COVID was ravaging the economy was completely shut down. It is open now. That's the big difference.

I appreciate that you are in the 1%, but a lot of people were hurting. Lots of folks could not work because their kids were still out of school and still more folks had to take care of family. Those stimulus packages were needed.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

2/3 of that 50% in 2 years was during the Trump administration. But of course the answer to inflation is to elect Republicans, right?

The USG doesn't directly control the supply of money doofus.

Biden should have never handed out the $1T stimulus to buy the GA elections. And the Democrats want to keep the foot on the gas of inflation with their stupid multi-trillion dollar spending plans. Back when stimulus and money was being injected into the economy COVID was ravaging the economy was completely shut down. It is open now. That's the big difference.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

This. So much free money was floating around the economy. In order to get workers hourly wages have had to be risen drastically in the last two years.
Biden likes to disparage the meatpacking industry but in our very own Maryland eastern shore counties, Sussex County Delaware and Accomac County Virginia hourly rates of pay for chicken processors were $10 per hour prior to Covid. This is why your chicken was affordable. Due to the government flooding the supply of money starting rates of pay for chicken processors (in less than 2 years) are now at $17 - $20 per hour. It was inevitable that the price of your chicken rose in cost.

Anonymous wrote:

Anonymous wrote:The GOP plan to fix the economy is apparently being put together by the same brain trust that has been working on a replacement for Obamacare for the last ten years.

No solutions, just political theater. Block any and all legislation and then complain about the results.

Sometimes less is more.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

2/3 of that 50% in 2 years was during the Trump administration. But of course the answer to inflation is to elect Republicans, right?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

This. So much free money was floating around the economy. In order to get workers hourly wages have had to be risen drastically in the last two years.
Biden likes to disparage the meatpacking industry but in our very own Maryland eastern shore counties, Sussex County Delaware and Accomac County Virginia hourly rates of pay for chicken processors were $10 per hour prior to Covid. This is why your chicken was affordable. Due to the government flooding the supply of money starting rates of pay for chicken processors (in less than 2 years) are now at $17 - $20 per hour. It was inevitable that the price of your chicken rose in cost.

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

Anonymous wrote:The GOP plan to fix the economy is apparently being put together by the same brain trust that has been working on a replacement for Obamacare for the last ten years.

No solutions, just political theater. Block any and all legislation and then complain about the results.