Anonymous wrote:I was out last night in our downtown. Packed restaurants, shops, etc. Inflation doesn't seem to stopping anyone from consuming. People's shopping sprees are likely driving the inflation.

There's little unemployment, so people have money to spend. People like me are also benefiting greatly by being able to work from home. I am savings hundreds monthly in gas, parking fees, lunches, and wardrobe.

I am loving life

Anonymous wrote:

Anonymous wrote:You mean to tell me Manchin was right?

Why I Won’t Support Spending Another $3.5 Trillion

Amid inflation, debt and the inevitability of future crises, Congress needs to take a strategic pause.

Those who believe such concerns are overstated should ask themselves: What do we do if the pandemic gets worse under the next viral mutation? What do we do if there is a financial crisis like the one that led to the Great Recession? What if we face a terrorist attack or major international conflict? How will America respond to such crises if we needlessly spend trillions of dollars today?

Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation. A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not. While some have suggested this reconciliation legislation must be passed now, I believe that making budgetary decisions under artificial political deadlines never leads to good policy or sound decisions.

https://www.wsj.com/articles/manchin-pelosi-biden-3-5-trillion-reconciliation-government-spending-debt-deficit-inflation-11630605657

Except he is wrong. Inflation is really the companies gouging the American public.
The Debt is going down despite the GOP tax rip off.
And the future crisis are unpredictable, but our leadership is more sound now than it was over the past 4 years.

Anonymous wrote:You mean to tell me Manchin was right?

Why I Won’t Support Spending Another $3.5 Trillion

Amid inflation, debt and the inevitability of future crises, Congress needs to take a strategic pause.

Those who believe such concerns are overstated should ask themselves: What do we do if the pandemic gets worse under the next viral mutation? What do we do if there is a financial crisis like the one that led to the Great Recession? What if we face a terrorist attack or major international conflict? How will America respond to such crises if we needlessly spend trillions of dollars today?

Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation. A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not. While some have suggested this reconciliation legislation must be passed now, I believe that making budgetary decisions under artificial political deadlines never leads to good policy or sound decisions.

https://www.wsj.com/articles/manchin-pelosi-biden-3-5-trillion-reconciliation-government-spending-debt-deficit-inflation-11630605657

Anonymous wrote:

Anonymous wrote:iT’s aLl BiDeN’s fAuLt
<deleted tweet about meat processing margins to save space>

Yep. Companies deciding to make hay while the sun shines.

Like the gas companies.

Gosh, you guys are stupid. Businesses can't just increase prices to make more profit if consumers don't pay those higher prices. Meat processors are enjoying better margins because actions by the government have restricted meat processing capacity, reduced meat imports, all the while sending checks to citizens to prop up their demand. Reduced supply + increased demand = higher margins.