We don't hear about 3% GDP growth any more

[TMFT]

You couldn't miss discussions when President Obama failed to have a calendar year with 3% GDP growth, even though had a 4 quarter period with over 3%. Apparently that didn't count for people.

Except, PSYCH!, it totally counted when President Trump had a 3% gain from a Q4 to Q4 period even though never in a calendar year. But that was the only time it was discussed, because it was the only time it happened.

Now Biden hit it (because of the, more or less, return of the economy as we muddle through COVID) and it's not talked about at all.

I understand why inflation is the hot topic, but I can't for the life of me understand why the talking heads have forgotten what used to be SUPER important, then only kind of important. Makes one wonder...

 

[mcmurtry66]

You couldn't miss discussions when President Obama failed to have a calendar year with 3% GDP growth, even though had a 4 quarter period with over 3%. Apparently that didn't count for people.

Except, PSYCH!, it totally counted when President Trump had a 3% gain from a Q4 to Q4 period even though never in a calendar year. But that was the only time it was discussed, because it was the only time it happened.

Now Biden hit it (because of the, more or less, return of the economy as we muddle through COVID) and it's not talked about at all.

I understand why inflation is the hot topic, but I can't for the life of me understand why the talking heads have forgotten what used to be SUPER important, then only kind of important. Makes one wonder...

They too are justifiably preoccupied with inflation. Big ticket items and everyday stuff are presently outrageous. Hard for folks to care about other indices

Biden last year oversaw the largest one year jump in inflation since 82. We're at a 40 year high.

Gov gave away too much and we consumed more than business could supply. Hopefully lessons were learned for this year

 

[TMFT]

Gov gave away too much and we consumed more than business could supply. Hopefully lessons were learned for this year

I think we're in for a long road to get through the supply/demand part. Even if global supply issues get sorted out, which are far from a sure thing.

Regardless of government stimulus efforts, with so many businesses restricted/closed and with so many people limiting activities, a WHOLE lot of money got held back from normal spending habits. Now, people have money they want to spend but either have to pay more for products or have to forego spending still. The former is the inflation we're experiencing, the latter is perpetuating the problem. Supply just has a long way to go to catch up with demand.

 

[Bulk VanderHuge]

They too are justifiably preoccupied with inflation. Big ticket items and everyday stuff are presently outrageous. Hard for folks to care about other indices

Biden last year oversaw the largest one year jump in inflation since 82. We're at a 40 year high.

Gov gave away too much and we consumed more than business could supply. Hopefully lessons were learned for this year

I kind of missed your whole litany there (free cheese, rent stays, etc, etc, etc).
Haven't had your SBX yet?

(Please accept my one "Like" Donation.)

 

[IUCrazy2]

You couldn't miss discussions when President Obama failed to have a calendar year with 3% GDP growth, even though had a 4 quarter period with over 3%. Apparently that didn't count for people.

Except, PSYCH!, it totally counted when President Trump had a 3% gain from a Q4 to Q4 period even though never in a calendar year. But that was the only time it was discussed, because it was the only time it happened.

Now Biden hit it (because of the, more or less, return of the economy as we muddle through COVID) and it's not talked about at all.

I understand why inflation is the hot topic, but I can't for the life of me understand why the talking heads have forgotten what used to be SUPER important, then only kind of important. Makes one wonder...

Because inflation is at its highest point in 40 years, shows no signs of slowing, and is expected to lead to an increase in interest rates throughout 2022 which makes loans and credit card interest costs rise, which then can lead to less consumer spending, which can then spark a recession.

You also answered your own question, the "growth" is just slowly returning to what the government shut off to begin with.

 

[JamieDimonsBalls]

You couldn't miss discussions when President Obama failed to have a calendar year with 3% GDP growth, even though had a 4 quarter period with over 3%. Apparently that didn't count for people.

Except, PSYCH!, it totally counted when President Trump had a 3% gain from a Q4 to Q4 period even though never in a calendar year. But that was the only time it was discussed, because it was the only time it happened.

Now Biden hit it (because of the, more or less, return of the economy as we muddle through COVID) and it's not talked about at all.

I understand why inflation is the hot topic, but I can't for the life of me understand why the talking heads have forgotten what used to be SUPER important, then only kind of important. Makes one wonder...

I can't tell if you are genuinely interested in having a conversation or just trolling. I'm guessing the latter.

 

[JamieDimonsBalls]

They too are justifiably preoccupied with inflation. Big ticket items and everyday stuff are presently outrageous. Hard for folks to care about other indices

Biden last year oversaw the largest one year jump in inflation since 82. We're at a 40 year high.

Gov gave away too much and we consumed more than business could supply. Hopefully lessons were learned for this year

Not to mention the fact that high inflation naturally is going to correlate with higher GDP growth. If it doesn't, we've got Stagflation.

 

[anon_mya1phvcpf5x4]

I think we're in for a long road to get through the supply/demand part. Even if global supply issues get sorted out, which are far from a sure thing.

Regardless of government stimulus efforts, with so many businesses restricted/closed and with so many people limiting activities, a WHOLE lot of money got held back from normal spending habits. Now, people have money they want to spend but either have to pay more for products or have to forego spending still. The former is the inflation we're experiencing, the latter is perpetuating the problem. Supply just has a long way to go to catch up with demand.

It is clear many posters want to claim it is Biden's fault for inflation even though some of the underlying issues started prior to his election.

 

[mcmurtry66]

I kind of missed your whole litany there (free cheese, rent stays, etc, etc, etc).
Haven't had your SBX yet?

(Please accept my one "Like" Donation.)

Thank you for highlighting this important point. So what I'm doing now is writing "gov gave away too much," and that is short for all of those things I used to list.

 

[Bulk VanderHuge]

Thank you for highlighting this important point. So what I'm doing now is writing "gov gave away too much," and that is short for all of those things I used to list.

So, even your posts have bowed to the pressures of inflation.
That's what a surplus of words/posts will do.
I blame Biden.

 

[Marvin the Martian]

They too are justifiably preoccupied with inflation. Big ticket items and everyday stuff are presently outrageous. Hard for folks to care about other indices

Biden last year oversaw the largest one year jump in inflation since 82. We're at a 40 year high.

Gov gave away too much and we consumed more than business could supply. Hopefully lessons were learned for this year

Inflation is too high. Part of that is a self-inflicted wound. Part of that is what some of us said in 2016, you can't get a modern economy to something like a 6 or 7% growth without inflation. And part of it is 2020. Inflation in 2020 was below normal. Instead of 2 years with 2.5% each year, we had a year with 1% and a year with 4%. Businesses are just clawing back to where their business plans had them.

The latter two explain why inflation is a worldwide problem. The OECD average is above target. But yes, to throw a bone to some, things like cutting back on fracking also have made an impact. But then we need to have a debate about what role free bascally oil plays in greenhouse gas emissions.

 

[IUCrazy2]

I blame Biden.

 

[Bulk VanderHuge]

From 538:

What Democrats And Republicans Get Wrong About Inflation

 

[Bulk VanderHuge]

View embedded media

It's obvious. Biden IS to blame for mcm's spiral into extremely loquacious posts of late.

 

[mcmurtry66]

From 538:

What Democrats And Republicans Get Wrong About Inflation

Pretty fair

 

[Indianaftw]

Gas is 41% higher
Paint is 26% higher

I don't care who is responsible but please fix the gas price. Paint is even hard to get. Sherwin is constantly out. Last year getting several types of safety paint was near impossible. This year unless you buy truckloads its not only still hard to get, but the price has increased. For safety paint 26% a gallon. Uggghhh.

When you run several vehicles the price at the pump hits hard!

 

[i'vegotwinners]

You couldn't miss discussions when President Obama failed to have a calendar year with 3% GDP growth, even though had a 4 quarter period with over 3%. Apparently that didn't count for people.

Except, PSYCH!, it totally counted when President Trump had a 3% gain from a Q4 to Q4 period even though never in a calendar year. But that was the only time it was discussed, because it was the only time it happened.

Now Biden hit it (because of the, more or less, return of the economy as we muddle through COVID) and it's not talked about at all.

I understand why inflation is the hot topic, but I can't for the life of me understand why the talking heads have forgotten what used to be SUPER important, then only kind of important. Makes one wonder...

when Trump put $ 10 plus trillion on the US credit card and gave virtually all of it to Wall and the billionaires, and a chunk to the rest of the investor class to keep them quiet, but virtually zero to Joe Worker, it very much distorts and totally perverts all economic indicators.

that said, imagine that kind of money infusion to the citizenry, which would have had a big velocity of money multiplier as it circulated throughout the real economy, (as opposed to virtually zero velocity and zero multiplier effect on the real economy by keeping it all within Wall St and the well to do).

imagine even more if our manufacturing base was still on shore, and that infusion was pushing investment in it as well, and reaping on shore benefits of said as well, with the added velocity of money and multiplier effect that would have had.

 

[Cortez88]

We have enjoyed a decades run of low inflation. Thus this high rate of inflation is especially jarring. It will be the dominant issue for the foreseeable future and the POTUS will take the blame whether fair or not. While I do believe that there have been policies that have had an impact, I’m very interested to see what happens once supply chains get back to normal.

 

[TMFT]

I can't tell if you are genuinely interested in having a conversation or just trolling. I'm guessing the latter.

Definitely at least half trolling.

I honestly just can't stand how when John Kerry wanted to pull out of the Middle East during the 2004 campaign that we only heard about "Cut & Run" Democrats. Then 4 years later, everyone wanted a drawdown and not a peep.

Or how the ACA meant death panels were comin, and they didn't and we haven't heard a peep.

Or how gay marriage was going to destroy straight marriages. Here we sit a decade out, nothing changed, and I don't hear a sound.

Or how any dingus with a pulse could get 3% annual GDP growth and Obama was a buffoon because he didn't, and then when massive fiscal stimulus hit the business class with the TCJA during "the Greatest Economy of All-time" it didn't move the needle, and nary a word was said.

Americans as a whole may have the collective memory of a goldfish, but I sure don't, and these things actually bother me. Just wait until a decade from now when nothing has changed in the schools and CRT is long forgotten as the point of outrage du jour.

 

[bailey777]

You couldn't miss discussions when President Obama failed to have a calendar year with 3% GDP growth, even though had a 4 quarter period with over 3%. Apparently that didn't count for people.

Except, PSYCH!, it totally counted when President Trump had a 3% gain from a Q4 to Q4 period even though never in a calendar year. But that was the only time it was discussed, because it was the only time it happened.

Now Biden hit it (because of the, more or less, return of the economy as we muddle through COVID) and it's not talked about at all.

I understand why inflation is the hot topic, but I can't for the life of me understand why the talking heads have forgotten what used to be SUPER important, then only kind of important. Makes one wonder...

It is all about inflation my friend. You many get a 5% raise but what good does that do. It does not even matter if Joe comes out with his tough on crime talk inflation it what hits americans and why 2022 will be very bad for dems.

Election Wizard
US CPI inflation at the end of Y1 of US Presidents' first term in office

President Biden +7.5%

President Trump +2.7%
President Obama +0.2%
President Bush +3.7%
President Clinton +3.2%
President HW Bush +4.8%


Election Wizard
AP: Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers and wiping out pay raises. The Labor Department said that consumer prices jumped 7.5% last month compared with 12 months earlier.

 

[Bulk VanderHuge]

It is all about inflation my friend. You many get a 5% raise but what good does that do. It does not even matter if Joe comes out with his tough on crime talk inflation it what hits americans and why 2022 will be very bad for dems.

Election Wizard
US CPI inflation at the end of Y1 of US Presidents' first term in office

President Biden +7.5%

President Trump +2.7%
President Obama +0.2%
President Bush +3.7%
President Clinton +3.2%
President HW Bush +4.8%


Election Wizard
AP: Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers and wiping out pay raises. The Labor Department said that consumer prices jumped 7.5% last month compared with 12 months earlier.

You just come off as desperate.

 

[bailey777]

Inflation is too high. Part of that is a self-inflicted wound. Part of that is what some of us said in 2016, you can't get a modern economy to something like a 6 or 7% growth without inflation. And part of it is 2020. Inflation in 2020 was below normal. Instead of 2 years with 2.5% each year, we had a year with 1% and a year with 4%. Businesses are just clawing back to where their business plans had them.

The latter two explain why inflation is a worldwide problem. The OECD average is above target. But yes, to throw a bone to some, things like cutting back on fracking also have made an impact. But then we need to have a debate about what role free bascally oil plays in greenhouse gas emissions.

I would not say it is is a worldwide problem it is very tame in some countries. We are currently one of the top six highest contries for inflation.

Canada 4.8
Austrailia 3.5
USA 7.5
Hong Kong 2.4
Argentina 50.9
Sweden 3.9 and so on with other countries. Only five are higher than the USA.

And I guess the dems can try and partial blame Trump but that does not fly. As Trump was given all the blame on COVID because he was in charge now it is Joe's turn. He is 100% in charge so this is his issue to fix.

 

[mcmurtry66]

View embedded media

Of course Biden. Think how illogical. Inflation is the number one issue to Americans. Dem handouts exacerbated inflation. Dems chief objective: BBB. More handouts. But they have to try to do it fast because they know they are getting voted out in Nov because Americans don't support them. Yet, they don't change course....

 

[Marvin the Martian]

I would not say it is is a worldwide problem it is very tame in some countries. We are currently one of the top six highest contries for inflation.

Canada 4.8
Austrailia 3.5
USA 7.5
Hong Kong 2.4
Argentina 50.9
Sweden 3.9 and so on with other countries. Only five are higher than the USA.

And I guess the dems can try and partial blame Trump but that does not fly. As Trump was given all the blame on COVID because he was in charge now it is Joe's turn. He is 100% in charge so this is his issue to fix.

I didn't "blame" Trump. But he did say he could get our GDP to levels that WOULD have caused inflation. He didn't get them as high as he promised so said inflation didn't happen. 6% growth will cause inflation, we are seeing it.

Inflation is up in almost all developed nations. Our inflation rate IS toward the top of that, but so is our GDP growth. Canada's 4.8 is a 30 year high. Australia had 2% in 2017, 1.93 in 2018, 1.57 in 2019. So yes, 3.5 is high for Australia. Sweden's inflation was 1.14% in 2016, 1.87 in 2017, 2.04 in 2018, and 1.72 in 2019. Pretty much everyone but China is having inflation above their 5 year average. Russia is almost at 8.4%, they have had higher inflation all along but again 8.4 is higher than the other years.

So PART of inflation is worldwide.

 

[DANC]

You couldn't miss discussions when President Obama failed to have a calendar year with 3% GDP growth, even though had a 4 quarter period with over 3%. Apparently that didn't count for people.

Except, PSYCH!, it totally counted when President Trump had a 3% gain from a Q4 to Q4 period even though never in a calendar year. But that was the only time it was discussed, because it was the only time it happened.

Now Biden hit it (because of the, more or less, return of the economy as we muddle through COVID) and it's not talked about at all.

I understand why inflation is the hot topic, but I can't for the life of me understand why the talking heads have forgotten what used to be SUPER important, then only kind of important. Makes one wonder...

3% now in a quarter isn't that great, considering last year we were deep in Covid fear, with blue states trying to shut down their economy.

Can you point to specific Biden policies to explain the GDP growth? Because he hasn't done shit for the economy to cause any growth.

 

[TMFT]

Of course Biden. Think how illogical. Inflation is the number one issue to Americans. Dem handouts exacerbated inflation. Dems chief objective: BBB. More handouts. But they have to try to do it fast because they know they are getting voted out in Nov because Americans don't support them. Yet, they don't change course....

This is one of the things I'm talking about. The Dems passed a $1.9T stimulus bill in 2021. That's following over $3.8T that was passed in 2020. There was a whole lot of money passed around, but labelling it as "Dem handouts" is misinformed at best, a full-on fabrication at worst.

All of the COVID-19 stimulus bills, visualized

Here's how to visualize the trillions of dollars Congress has spent on the different bills, which are aimed at helping with the fallout of COVID-19.

www.usatoday.com

 

[DANC]

It is clear many posters want to claim it is Biden's fault for inflation even though some of the underlying issues started prior to his election.

It's clear you're an idiot who doesn't understand what shutting down energy production and insane spending does to an economy.

 

[DANC]

I didn't "blame" Trump. But he did say he could get our GDP to levels that WOULD have caused inflation. He didn't get them as high as he promised so said inflation didn't happen. 6% growth will cause inflation, we are seeing it.

Inflation is up in almost all developed nations. Our inflation rate IS toward the top of that, but so is our GDP growth. Canada's 4.8 is a 30 year high. Australia had 2% in 2017, 1.93 in 2018, 1.57 in 2019. So yes, 3.5 is high for Australia. Sweden's inflation was 1.14% in 2016, 1.87 in 2017, 2.04 in 2018, and 1.72 in 2019. Pretty much everyone but China is having inflation above their 5 year average. Russia is almost at 8.4%, they have had higher inflation all along but again 8.4 is higher than the other years.

So PART of inflation is worldwide.

LMAO! You didn't "blame" Trump, but then you go on to blame him.

Mr. Reasonable can't bring himself to admit he's a partisan hack.

 

[mcmurtry66]

This is one of the things I'm talking about. The Dems passed a $1.9T stimulus bill in 2021. That's following over $3.8T that was passed in 2020. There was a whole lot of money passed around, but labelling it as "Dem handouts" is misinformed at best, a full-on fabrication at worst.

All of the COVID-19 stimulus bills, visualized

Here's how to visualize the trillions of dollars Congress has spent on the different bills, which are aimed at helping with the fallout of COVID-19.

www.usatoday.com

Read this from Bulk. Pretty accurate. The timing is what's material. The 1.9T was no longer needed. And remember, as you are so prone to forget, over and over, it's not just money doled out, it's the stay on so many bills from evictions, foreclosures, to student loans. So you have money coming into your account and less bills going out. So you sit on your couch and order shit. What's worse is the Dems haven't learned their lesson as they still push for the biggest social welfare act in history TODAY. You are misinformed my friend. Handouts are exactly what the Squad is pushing..

What Democrats And Republicans Get Wrong About Inflation

Americans are pessimistic about one of the weirdest economies in recent memory, and their negativity is largely due to inflation. The Bureau of Labor Statistics…

fivethirtyeight.com

 

[bailey777]

Read this from Bulk. Pretty accurate. The timing is what's material. The 1.9T was no longer needed. And remember, as you are so prone to forget, over and over, it's not just money doled out, it's the stay on so many bills from evictions, foreclosures, to student loans. So you have money coming into your account and less bills going out. So you sit on your couch and order shit. What's worse is the Dems haven't learned their lesson as they still push for the biggest social welfare act in history TODAY. You are misinformed my friend.

What Democrats And Republicans Get Wrong About Inflation

Americans are pessimistic about one of the weirdest economies in recent memory, and their negativity is largely due to inflation. The Bureau of Labor Statistics…

fivethirtyeight.com

Yep that 1.9 was not needed but they just used Covid as an exuse to pass another massive spending and handout bill. I can only imagine if they got their 4 trillion dollar BBB bill passed what inflation woudl look like.

 

[bailey777]

LMAO! You didn't "blame" Trump, but then you go on to blame him.

Mr. Reasonable can't bring himself to admit he's a partisan hack.

Of course they are going to blame Trump but it will not work at the ballot box. When an independent voter pays 20% more for hamburger they do not think to themselves geez I think this might be Trump's fault. They think to themselves what is this current dude in office doing to fix this right now. The only people who are not going to blame biden are the true partisan hack democrats. The buck stops with whoever is in office.

 

[TMFT]

Read this from Bulk. Pretty accurate. The timing is what's material. The 1.9T was no longer needed. And remember, as you are so prone to forget, over and over, it's not just money doled out, it's the stay on so many bills from evictions, foreclosures, to student loans. So you have money coming into your account and less bills going out. So you sit on your couch and order shit. What's worse is the Dems haven't learned their lesson as they still push for the biggest social welfare act in history TODAY. You are misinformed my friend. Handouts are exactly what the Squad is pushing..

What Democrats And Republicans Get Wrong About Inflation

Americans are pessimistic about one of the weirdest economies in recent memory, and their negativity is largely due to inflation. The Bureau of Labor Statistics…

fivethirtyeight.com

Dude, I'm not saying that the stimulus billSSSSSSSSS didn't contribute a great degree to inflation. I'm just focusing on the fact that it was billSSSSSS plural, not a specific one of them. Moratoriums on "Evictions, foreclosures, to student loans" started in 2020 and I fully reject that those were all perfectly timed/valued/administered and 2021 alone was the straw that broke the camel's back.

The 538 article restates my point succinctly:
"But at the same time, this Democratic talking point has its limits, as it’s become clear to many economists that American inflation isn’t just a supply chain issue: Our economic response — namely, the trillions of dollars of COVID-19 stimulus paid out over the last 24 months — appears to be a meaningful differentiator."

Let me be clear, I'm not blaming Republicans for a single thing as far as the causation of inflation. I AM blaming them for lacking the introspection to see they were a major part of this standing arm-in-arm with Democrats, until Democrats had control all three players in national policy because it freed them up to say no & blame in 2021 when they had by and large been in on it in 2020.

 

[Marvin the Martian]

Of course they are going to blame Trump but it will not work at the ballot box. When an independent voter pays 20% more for hamburger they do not think to themselves geez I think this might be Trump's fault. They think to themselves what is this current dude in office doing to fix this right now. The only people who are not going to blame biden are the true partisan hack democrats. The buck stops with whoever is in office.

What the heck planet are you two on. AT NO FREAKING POINT DID I BLAME TRUMP, NONE, ZIP, ZERO. If you two cannot read that is on you. NO POINT, NONE. Name it if i did.

I said IF WE HAD GOTTEN TO 7% GROWTH UNDER TRUMP WE WOULD HAVE HAD INFLATION. We never, ever, got there. I don't care who is president, if Obama were president with 7% Trump we would have had inflation. If Lincoln were president today with 7% GDP, we would have inflation.

BUT WE NEVER HAD 7% UNDER TRUMP THEREFORE THERE IS NO BLAME TO TRUMP.

It is simple fact that too fast growth is a frequent cause of inflation. We DID NOT HAVE THAT UNDER TRUMP. But he said he would bring about 6-7%, but he did NOT. THEREFORE THERE IS NO BLAME. NONE. ZIP, ZERO, Except in your imagination.

So, go back to my post and quote me word for word where I blamed Trump. I BET $50 you cannot do so. Word for word, where is it. Word for word, prove it.

 

[JamieDimonsBalls]

What the heck planet are you two on. AT NO FREAKING POINT DID I BLAME TRUMP, NONE, ZIP, ZERO. If you two cannot read that is on you. NO POINT, NONE. Name it if i did.

I said IF WE HAD GOTTEN TO 7% GROWTH UNDER TRUMP WE WOULD HAVE HAD INFLATION. We never, ever, got there. I don't care who is president, if Obama were president with 7% Trump we would have had inflation. If Lincoln were president today with 7% GDP, we would have inflation.

BUT WE NEVER HAD 7% UNDER TRUMP THEREFORE THERE IS NO BLAME TO TRUMP.

It is simple fact that too fast growth is a frequent cause of inflation. We DID NOT HAVE THAT UNDER TRUMP. But he said he would bring about 6-7%, but he did NOT. THEREFORE THERE IS NO BLAME. NONE. ZIP, ZERO, Except in your imagination.

So, go back to my post and quote me word for word where I blamed Trump. I BET $50 you cannot do so. Word for word, where is it. Word for word, prove it.

marv, this is two days in a row I’ve seen you get worked up!

I’m sad I can’t push your buttons like that

 

[DANC]

Of course they are going to blame Trump but it will not work at the ballot box. When an independent voter pays 20% more for hamburger they do not think to themselves geez I think this might be Trump's fault. They think to themselves what is this current dude in office doing to fix this right now. The only people who are not going to blame biden are the true partisan hack democrats. The buck stops with whoever is in office.

I was just looking at new car pricing. My 2017 that went for $33k when new (I bought it used), is now listed at $59k+.

Thanks, Biden.

 

[hoot1]

I would not say it is is a worldwide problem it is very tame in some countries. We are currently one of the top six highest contries for inflation.

Canada 4.8
Austrailia 3.5
USA 7.5
Hong Kong 2.4
Argentina 50.9
Sweden 3.9 and so on with other countries. Only five are higher than the USA.

And I guess the dems can try and partial blame Trump but that does not fly. As Trump was given all the blame on COVID because he was in charge now it is Joe's turn. He is 100% in charge so this is his issue to fix.

BVH's link (which is a must read) mentioned our inflation rate is higher than most of Europe. It cited our higher government stimulus and spending as being part of the cause. However, the article went on to make the point that not all our government spending has been inflationary.

 

[mcmurtry66]

Dude, I'm not saying that the stimulus billSSSSSSSSS didn't contribute a great degree to inflation. I'm just focusing on the fact that it was billSSSSSS plural, not a specific one of them. Moratoriums on "Evictions, foreclosures, to student loans" started in 2020 and I fully reject that those were all perfectly timed/valued/administered and 2021 alone was the straw that broke the camel's back.

The 538 article restates my point succinctly:
"But at the same time, this Democratic talking point has its limits, as it’s become clear to many economists that American inflation isn’t just a supply chain issue: Our economic response — namely, the trillions of dollars of COVID-19 stimulus paid out over the last 24 months — appears to be a meaningful differentiator."

Let me be clear, I'm not blaming Republicans for a single thing as far as the causation of inflation. I AM blaming them for lacking the introspection to see they were a major part of this standing arm-in-arm with Democrats, until Democrats had control all three players in national policy because it freed them up to say no & blame in 2021 when they had by and large been in on it in 2020.

"Democrats passed another round of government stimulus in a $1.9 trillion relief package — including $1,400 direct payments to individual Americans — which some experts warned at the time might cause inflation.

And it does appear that this most recent round of government spending is at least partially responsible for our current levels of inflation."

Again timing is what's most salient. Trump time was during the throes of lockdowns and the pandemic. If you don't believe that the 1.9 wasn't motivated by Dem social welfare handouts than you must have had your ears and eyes closed for the 6 trillion they wanted to pass POST lockdowns in BBB. What's more they still want to pass massive handouts today, while most are claiming the pandemic is effectively over.

Trump handouts undoubtedly provided the foundation for the Biden handouts to throw us over the top. The difference is that I believe the former are Covid-related and the latter a pretense for giving out handouts for the sake of giving out handouts

 

[bailey777]

·
2h

The Jan. #CPI rose .6%, YOY it's up 7.5%! The larger than expected jump continues to confound the #Fed that expects the #inflation problem to go away on its own. The Fed intends to "fight" inflation using the same accommodative policy it used when there was no inflation to fight!

So the question is will the fed actaully raise rates or just pretend they are going to raise them as they have done the last 15 years? I know they do not want the cheap money train to end but at some point it has too.

 

[DANC]

What the heck planet are you two on. AT NO FREAKING POINT DID I BLAME TRUMP, NONE, ZIP, ZERO. If you two cannot read that is on you. NO POINT, NONE. Name it if i did.

I said IF WE HAD GOTTEN TO 7% GROWTH UNDER TRUMP WE WOULD HAVE HAD INFLATION. We never, ever, got there. I don't care who is president, if Obama were president with 7% Trump we would have had inflation. If Lincoln were president today with 7% GDP, we would have inflation.

BUT WE NEVER HAD 7% UNDER TRUMP THEREFORE THERE IS NO BLAME TO TRUMP.

It is simple fact that too fast growth is a frequent cause of inflation. We DID NOT HAVE THAT UNDER TRUMP. But he said he would bring about 6-7%, but he did NOT. THEREFORE THERE IS NO BLAME. NONE. ZIP, ZERO, Except in your imagination.

So, go back to my post and quote me word for word where I blamed Trump. I BET $50 you cannot do so. Word for word, where is it. Word for word, prove it.

I don't see you blaming Biden, either.

You can't bring yourself to do that.

 

[Marvin the Martian]

marv, this is two days in a row I’ve seen you get worked up!

I’m sad I can’t push your buttons like that

You can lie about what I said....