Hardcore conservative that you are I hope you'll forgive me for citing a lefty outlet
www.vox.com
They began before the war. Things would have been better if Biden hadn't attempted to become a transformative president. That's not what he was elected to do
Lol. Is this your “expert” analysis? We aren’t talking about gas prices. We are talking about the change.
Part of it is. Much of the worlds ecomomy flows from ours. In any event Biden’s USA inflation is substantially more than comparable economies. I posted the data a week or so ago. Biden‘s claim that he is a victim of forces out of his control is a crock.
Exactly. We have the means to protect ourselves from world disruption and keep prices lower, but Biden shitcanned those, made us excessively vulnerable to world supply issues, and then Biden blames Putin for his own short-sightedness because . . . . .climate change!Gas in the USA was creeping up but the shit hit the fan after the war started.
What do you think happened between 2/14 and 3/5?
Without reading the article, it shouldn't be that hard to at least estimate. I like to compare our economic indicators to nations like Canada and the UK, for obvious reasons. Our CPI is currently at a little over 8% YOY. The UK's is almost 9%. Canada's is just under 7%.Hardcore conservative that you are I hope you'll forgive me for citing a lefty outlet
Biden’s American Rescue Plan worsened inflation. The question is how much.
Was it a minor contributor or a major factor in the US’s inflation woes?
Numerous experts I've read pin it at about 3 percent. Pretty significant. And you have to remember it wasn't an isolated event. It was after all of the Trump free cheese. Lots of free cash in the states over the last few years along with stays on bills
I'd like to see the math on that. 3% seems awfully high. Especially when you consider that our nation was hurt more than others by the international supply chain breakdown, thanks to our trade deficit.
you don't become the home run king without having a heavy number to strikeoutsThis is hilarious.
Column: A lengthy list of Trump's disastrous business deals — compiled by his newest business partners
In a regulatory filing, Trump's latest business partners have compiled a handy list of all of his failed business deals.www.latimes.com
Inflation sucks but if you're a lefty the legacy of this inflation being attendant to the recovery plan is likely more important. imo the inflation torpedoed BBB and soured broad interest in turning temporary programs like child tax credit programs into permanent ones. it also soured voters imo to biden's broader social policy objectives. it was a gamble that failed and will have lasting consequences
So when are you going to stop?When all you "read" are the same biased sources your view becomes skewed. From your own team
Biden’s American Rescue Plan worsened inflation. The question is how much.
Was it a minor contributor or a major factor in the US’s inflation woes?
I suppose you think Biden is a success. News for ya babe, Trump is a lot more successful than Joe Biden could dream to be. Your Trump hatred is rotting your brain
Biden promised a war on fossil fuels. He has been very successful with that. Promise made, promise kept. But Biden gives all his credit to Putin. Go figure.
Companies won't drill because they're raking-in the profits from high prices.
Wrong, companies won't drill because of new regulations . You hear about all these available leases but most aren't viable and Biden just cancelled ones in Alaska and the Gulf. I have a friend in the business and there is much more we don't know about as far as obstacles behind the scenes.
Amazing. Did you tell the oil companies how much money they can make by cutting crude production and refining?
I am not going to get into a list this debate with you. its well known there were restrictions put in by Bidens administration from day one. There are also a lot mor hurdles and restrictions beind the scenes. I have afriend that works for a private drilling company and we didnt get into exact details but he said its a lot more complex than what avg Joe realizes. You blind melons that continue to say Biden doesnt have anything to do with gas prices have no clue what you are talking about.
So you got nothing.
Is that because you can't? Dude asked for specifics. Can you provide them or not?
www.frbsf.org
Like most economic activities, it's complicated. I don't have a friend in the industry, but I read a lot. This NPR article seems pretty balanced. Note reason number 3, investors pushing back on spending money on drilling. Many other articles make the same argument.
I find it very hard to believe price gouging isn’t happening when oil companies are making record profits. https://amp.theguardian.com/business/2022/may/13/oil-gas-producers-first-quarter-2022-profits
Except production hasn’t slowed…, at least according to the chart I just posted
