President Joe Biden
- Thread starter tenacious
- Start date
Reduces the money supply. Even Izzy gets that right.
Hüsker Dü
DA
Low bar.
It’s the inflation reduction act , of course it will tackle inflation
no need to worry
So you don't know....
Push for Higher Taxes is Misguided During a Time of Inflation and Looming Recession
July 27, 2022
....Indeed, by most accounts current inflation was ultimately caused to a large extent by spending—the federal government spent more than $5 trillion, or 27 percent of GDP, during the pandemic, on top of the usual spending, in the form of stimulus checks, enhanced child credits, and other benefits. The splurge was debt financed, with the Federal Reserve purchasing much of that debt through money creation, without a state plan to repay the debt. .
entire article:
taxfoundation.org
July 27, 2022
....Indeed, by most accounts current inflation was ultimately caused to a large extent by spending—the federal government spent more than $5 trillion, or 27 percent of GDP, during the pandemic, on top of the usual spending, in the form of stimulus checks, enhanced child credits, and other benefits. The splurge was debt financed, with the Federal Reserve purchasing much of that debt through money creation, without a state plan to repay the debt. .
entire article:
Push for Higher Taxes is Misguided During a Time of Inflation and Looming Recession
Some 40 years ago, the U.S. dealt with high inflation and slow economic growth. Then as now, the solution is a long-term focus on stronger economic growth and sustainable federal budgets.
taxfoundation.org
Tax Increases Won’t Cure Inflation
Another bright idea from the folks who brought you Modern Monetary Theory.
The same policy wizards who brought you soaring inflation are now offering what they claim is a solution to inflation: Raise taxes. Our advice is to consider the source and the economic record their previous advice produced.
www.wsj.com
Another bright idea from the folks who brought you Modern Monetary Theory.
The same policy wizards who brought you soaring inflation are now offering what they claim is a solution to inflation: Raise taxes. Our advice is to consider the source and the economic record their previous advice produced.
Opinion | Tax Increases Won’t Cure Inflation
Another bright idea from the folks who brought you Modern Monetary Theory.
www.wsj.com
Janet Yellen...
Do you honestly believe this? I mean in Trump's defense covid did slam the economy, but do you really think he handed Biden a "growing" economy?
thirteenknots
SILVER ELITE
My economy was cranking with T, as was my fav Thai place and so many mom & pop biz. My other friend got fired for not taking the jab so some of us are trying to make rebound. I know you have rainy day fund for life it sounds like or at least a great income with the jab and I'm super happy for you. Not all of us had 3 years of extra $$$ around to use as Hunter & Joe sold us ALL out. I do believe in Karma and I'm starting to see some tables turn.
thirteenknots
SILVER ELITE
The Lockstep Liberals are creating a revolt by their very actions.
The problem with the " revolt " is harnessing the movement for good.
If the '" revolt " goes rogue, then the NWO/WEF will win. Hands down.
If the " revolt " follows traditional paths, then humanity will win.
The problem with the " revolt " is harnessing the movement for good.
If the '" revolt " goes rogue, then the NWO/WEF will win. Hands down.
If the " revolt " follows traditional paths, then humanity will win.
Yeah I don't think that's the correct way to view this. Obviously with such a massive drop in growth 20 Q1/Q2 due to the lockdowns we'd see a subsequent increase when things re-opened. This had more with state policies and the vaccine. I wouldn't say Trump handed Biden a growing economy at all. At the same time, Trump had to deal with covid.
Looking at some of the more recent data coming out Biden seems to be doing ok.
Hüsker Dü
DA
. . . the same people that went along with the idea that trump was handed a dismal economy and dumpster fire America. Remember “American carnage” . . . as I looked around and saw nothing of the kind.
thirteenknots
SILVER ELITE
You live in a cul-de-sac
You associate with Socialists/Communists
You believed Fauci's Lies and jabbed
You will never face the TRUTH until it hits you personally
And it will.
Make sure and monitor your heart.
I mean that sincerely.