Yup. It’s when it jumped to 9 percent , 41 year high, the impact was felt and lingers.
Exactly
Kamala Harris booked exclusive interview with Brett Baier on Fox
- Thread starter TomEric4756
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Exactly
Trump is all for policies that will drive inflation and out of control national debt increases, including tons of free cheese.
Harris is all for different policies, but also ones that will drive inflation and out of control national debt increases, including tons of free cheese.
To try to draw a distinction between them on that issue is silly.
Both are far removed from fiscal conservatism that many prefer (and that I would also support)
Harris is all for different policies, but also ones that will drive inflation and out of control national debt increases, including tons of free cheese.
To try to draw a distinction between them on that issue is silly.
Both are far removed from fiscal conservatism that many prefer (and that I would also support)
While I don’t disagree with this, I’ll point out once again that most of the monetary expansion happened while Trump was president - in response to Covid.
But I think Biden took a big political risk by continuing to spend at high levels after he took office. The worst parts of Covid were pretty well behind us by then.
Can you imagine how much worse things would be if Bernie Sanders had gotten the $6T “Build Back Better” bill he said he wanted?
Most Dems seem to despise Joe Manchin. They ought to be thankful he stood in the way of a much more expensive bill passing.
And again trump is heading down the freebie path too. He’s not someone that is the voice of reason
He was something, wasn't he? Super aggressive, like nobody's ever seen before. Didn't like being referred to as "soft" by Dementia Don and clearly played to an audience of one.
This might be true. But inflation was 1.4 when trump left
From the clips I saw he wanted direct answers for the border. For inflation. Not canned yabbuts
I think Baier is pretty terrific, really. He might be the only one left at Fox since Chris Wallace left.
For those that didn't watch it and want to:
www.foxnews.com
Full interview: Vice President Kamala Harris sits down with Bret Baier in 'Special Report' exclusive | Fox News Video
Vice President Kamala Harris discusses immigration, the economy, responding to U.S. adversaries and more with Fox News chief political anchor Bret Baier on 'Special Report.'
Can't help yourself, can you? I simply compliment another poster and you're triggered.
Not that we need any more evidence, but you keep making a stronger case for Asshole of the Board. I don't know which is your bigger liability - - that you're a dick or completely nutso.
@DANC I’m coming for you!!!
Yes, but we definitely saw another side of him, and it's no mystery who prompted it.
Someone finally demanded a direct answer? Good god man. Crime is up. Open border. Prices. She’s running for president. Pin her down. Not just I’m middle class we had a bill
Honestly, I just don’t think Harris supporters are accustomed to seeing her in adversarial interviews. That’s what they pretty much all look like. And she just hasn’t done many of them.
But they shouldn’t sweat it - she did just fine, IMO. I think she’d gain more from doing more of those than she would by doing more things like The View, Call Her Daddy, or Colbert. She needs to close the sale with independents - they’ll determine the outcome of the race…just as they did in 2016 (Trump +4) and 2020 (Biden +13).
Oh my. Chris Wallace totally lost it in his last year.
Dana Perino is a solid reporter/commentator. So is Bill Hemmer.
Lefties make light of Fox but Baier stayed grounded and comported himself like a real journalist last night. He did it in the face of Harris being a lunitic raging about Trump in response to every question. All she did was fillibuster. She had a chance to discuss her policies and refused. Why? Because she knows her policies aren’t going to win enough votes.
What's ironic about this version of progressive economics is that they managed to make the wealthy even wealthier while the working class has fallen further behind.
Asset prices, such as stocks and most real estate has greatly outpaced inflation while wages haven't kept up with it.
Much of that is Fed policy under JPow, but still....
Wallace has addressed this. He was mortified that, in his view, Fox was aiding and abetting Trump with the lie that the 2020 election outcome was the result of fraud.
I don’t watch cable news. So I can’t say how much they were doing this. But I do know they paid out a helluva settlement over a defamation claim regarding voting machines. So clearly they were doing it some.
I think Chris Wallace is, and long has been, one of the best in the business.
Spending is one side of the equation. Trump’s policies on energy production and energy exports, and eliminating liberal nonsense (DEI, preference’s, and set-asides) in spending projects will positively impact jobs and revenue.
I was mortified that Wallace aided and abetted the lap-top and both sides fraud.
It’s a story as old as time itself. Go read about inflation during the reign of Diocletian and his efforts to curtail it. It’s pretty fascinating stuff - and goes to show that the basic rules of economics worked the same way in the Roman Empire as they do today.
I don’t know what he said about the laptop.
But keep in mind that many media people were taking their cues from intelligence veterans who punked them (and the rest of us) by declaring publicly that they believed the laptop was a Russian plant.
It still amazes me that these people (Brennan, Clapper, Morell, Hayden, Panetta, etal) are treated as credible…by the very same media they duped.
It makes you wonder if nobody in the press actually believed them to begin with…but just went with it out of a sense of duty in seeing Trump defeated.
Mmm, yeah. It’s Fed policy. But keep in mind that the bulk of the Fed’s expanded liquidity is being used to purchase Treasuries. They’re the dominant lender for Congress’ spending. Last I looked, they’re holding about 2/3 of the public debt. It may be more than that now.
So Congress isn’t just spending money they don’t have. They’re spending money that didn’t even exist until recently.
BS. He accepts the sins because they pay his salary. Organized religion is nothing but a money grab and should be taxed as such.
That letter was facially BS. Wallace and the media wanted to believe it.
I started a thread on Bitcoin numerous times 🤣. My suggestion is read The Bitcoin Standard. You can buy it on Amazon.
The Bitcoin Standard
saifedean.com
Short explanation. The current monetary system (fiat) is broken and designed to steal from people through inflation. The natural state of a free market is deflationary, which should be benefiting all of us, but a lot of that is being stolen through the growth in the money supply, which tends to average around 5-7% (the long term average on stocks also happens to be around 7%, it’s no a
It’s the main reason why scare assets (education, housing, healthcare, etc) are becoming unaffordable. Inflation, especially CPI, are poor measures of how much purchasing is being taken from people. It should be measured from productivity gains, which are probably around 3-5% per year. When the government says inflation is 2%, it means you lost 5-7% of your purchasing power. I could on and on 😁. Anyhoo fast forward to the 2 minute mark in the clip below. Pomp gives a very quick explanation.
Yes that's my point. Monetization of debt via Fed which greatly increased money supply
It’s great company and kudos if you got in early. However, it just makes chips and doesn’t have the addressable market cap of Bitcoin. It’s going to zero against Bitcoin over the next couple of decades, like everything else.
That’s absurd. Most clergy make relatively modest livings. So if they aren’t the ones grabbing the money, then who is?
If you want to say that about the Kenneth Copelands, Rick Warrens, and Joel Osteens of the world, I’ll be right there with you. But a blanket statement like that about churches and other clergy writ large is just divorced from reality.
So it really begins with Congress’ profligate spending. The Fed’s role is in accommodating and enabling it.
And ask Trump the same question? Packing the court cuts both ways . . . .
You’re exactly right. The Mega TV Ministries steal millions from Christians hanging on their every word.
Ministers in most communities are poorly compensated and some of the lowest wage earners in their communities.
Fair enough.
But I haven’t heard any Republican pols advocating the idea. I’ve heard lots of Democratic pols advocating it.
And that makes sense. Why would Republicans have any issue with the status quo?
Biden has been said to be notably cool to the idea. But, given that it’s an issue, I think presidential candidates should be asked if they’d sign such a bill.
Reminds me of this:
Bob Van Kirk, CTP on LinkedIn: This is NOT a political post. ðð° It doesn't matter if you like the blueâ¦
This is NOT a political post. ðð° It doesn't matter if you like the blue team or the red team. ðºð² Our money is broken. Even our economic advisers have aâ¦
he aint the royal gemstones. he's excited to go to some joint in rural indiana to eat buffet pizza. come on dude
The difference is there are things we can do to reset the cost of college. Do we really need a Dean of Fonts, Dean for all uses of Purple, Dean of Hardwood Floors? We can at least somewhat change the cost of college. Some of it is problematic, kids want to live in apartments and not dorms and they want to see new tech. That will all cost more than what we had. But the amount of administration is, well, quite high.
I don't know how we change the cost of all these other things. I know some places have come out with new, cheaper, value meals as one example of businesses trying to make a profit from lowering prices. I don't know what government can do to drive prices down.
Both major candidates want to overspend. We probably agree on that. Once again I'll tout the freeze idea. I think it would help lower future inflation, won't bring one item down by one cent though.
I am personally convinced massive tariffs will be massively bad for inflation, but I know many on here are certain that prices won't be impacted. So at a minimum there is no chance a 100% tariff will lower consumer prices.
What is the old prayer, “God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.” We can change rate of inflation in the future, but nothing is bringing prices down short of a major catastrophe. 2% has been the goal for a long time, I don't see 2% as evil today. A growing economy is going to have inflation. Especially one that is severely worker bound.
I am saying be mad about 2021-22. I haven't defended it at all. But have the wisdom to know we cannot change it.
yes. because that was the anomalous event in what woulld have otherwise been gradual. and it's that exacerbated spike that was the mistake. and in my view it was progressive policy under the pretense of covid
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