it's true that even centrist economists were wrong on inflation - Summers included. He said inflation could not end without millions of people losing their jobs. But he was wrong. It ended at near record low unemployment. No one lost their jobs but inflation is over.
Not a great example for you to bring up, other than to show that macro economists are very often very wrong.
fact is, virtually every nation on earth has been moving together on inflation. Doesn't matter what their governments did. All moved together. 2022 had an inflation surge, 2023 had that surge end. All together. Your claim that this is biden-flation is hogwash.
"It is now clear that Summers was wrong. His call for austerity was premised on the notion that only a sharp increase in unemployment could prevent a ruinous wage-price spiral. In reality, both wage and price growth have been slowing for months, even as unemployment has remained near historic lows. Summers’s failure to anticipate this outcome should lead us to reconsider just how prescient his analysis of the post-COVID economy ever was."
The drop in gas prices is the primary culprit in the drop in inflation, which begs to ask the question why the previous congress and the president refused to take any meaningful action to increase production until there was a Republican controlled house to force them to make concessions on energy in the stop gap debt ceiling negotiations.
The impact of the American Rescue plan was somewhat transient because it had a large spike in spending (followed by large spikes in inflation). The unfortunate part is we have become accustomed to paying higher prices, people’s savings have been decimated, and interest rates are elevated which is crushing many industries and resulting in layoffs that you claim aren’t happening. Expect a lot of pink slips to start showing up until we can enact QE.
Technology companies have announced more than 150,000 layoffs this year, the worst year for tech employees since 2001, according to Challenger, Gray & Christmas.
Well, it's true. We live in a society that has rules and laws, and we ELECT officials to among other things protect the public. Are all rules and laws authoritarian? Um...nope. Speed limits, laws against theft and fraud, laws against spitting on people, etc. We were in a pandemic that killed over a million people in the US alone. The government has a right and a responsibility to do everything it can to try to stop/slow infection in that case.
Big baby.
How Trump so thoroughly awoke the Sleeping Idiot.
Pre-Trumpism: The vast majority of adults said, "Yep, I got vaccinations as a kid, and my kids get them now." And a fraction of those adults also said, "Yep, and the military required me to get even more. I didn't necessarily love all of them, but I also never lost any sleep over it."
Along come the huge orange idiot and his thousands of enablers, and.....: "VACCINE MANDATES - EVEN IN A ONCE-IN-A-HUNDRED YEARS PANDEMIC - ARE AUTHORITARIAN!!!"
(......but yeah, I'm STILL allowing my young kids to get them.....you know, because I'm VERY consistent in both my outrage and biomedical expertise)
Well, it's true. We live in a society that has rules and laws, and we ELECT officials to among other things protect the public. Are all rules and laws authoritarian? Um...nope. Speed limits, laws against theft and fraud, laws against spitting on people, etc. We were in a pandemic that killed over a million people in the US alone. The government has a right and a responsibility to do everything it can to try to stop/slow infection in that case.
Big baby.
This is how all totalitarianism is justified all around the world and all throughout history
I have a personal question just for you to answer. I know you troll frequently, but I am asking for a sincere and thoughtful honest response. Based on your posts many might think this is a silly question with an obvious answer.
Knowing how Trump fooled 40% of the nation into thinking he won the 2020 election. Knowing that he wanted his group to force the stop of vote certification and minimally delayed doing anything to stop them from interfering, knowing if elected he would start a system of retribution and as the most conservative and ethical Liz Cheney has said, Trump is the most dangerous man to our country,
Well, it's true. We live in a society that has rules and laws, and we ELECT officials to among other things protect the public. Are all rules and laws authoritarian? Um...nope. Speed limits, laws against theft and fraud, laws against spitting on people, etc. We were in a pandemic that killed over a million people in the US alone. The government has a right and a responsibility to do everything it can to try to stop/slow infection in that case.
Big baby.
How Trump so thoroughly awoke the Sleeping Idiot.
Pre-Trumpism: The vast majority of adults said, "Yep, I got vaccinations as a kid, and my kids get them now." And a fraction of those adults also said, "Yep, and the military required me to get even more. I didn't necessarily love all of them, but I also never lost any sleep over it."
Along come the huge orange idiot and his thousands of enablers, and.....: "VACCINE MANDATES - EVEN IN A ONCE-IN-A-HUNDRED YEARS PANDEMIC - ARE AUTHORITARIAN!!!"
(......but yeah, I'm STILL allowing my young kids to get them.....you know, because I'm VERY consistent in both my outrage and biomedical expertise)
Oh, and preemptively, don't remind me about Trump and Warp Speed.
If the Rs nominate someone other than Trump in 2016, virtually none of the red state idiocy we saw with COVID happens. Period.
You know, cuz that's what fine "LEADERSHIP" (with a huge helping of amorality) gets you.
Well, it's true. We live in a society that has rules and laws, and we ELECT officials to among other things protect the public. Are all rules and laws authoritarian? Um...nope. Speed limits, laws against theft and fraud, laws against spitting on people, etc. We were in a pandemic that killed over a million people in the US alone. The government has a right and a responsibility to do everything it can to try to stop/slow infection in that case.
Big baby.
This is how all totalitarianism is justified all around the world and all throughout history
I have a personal question just for you to answer. I know you troll frequently, but I am asking for a sincere and thoughtful honest response. Based on your posts many might think this is a silly question with an obvious answer.
Knowing how Trump fooled 40% of the nation into thinking he won the 2020 election. Knowing that he wanted his group to force the stop of vote certification and minimally delayed doing anything to stop them from interfering, knowing if elected he would start a system of retribution and as the most conservative and ethical Liz Cheney has said, Trump is the most dangerous man to our country,
Would you, Sally, vote for Trump?
I do not want the blowhard and buffoon Donald Trump to be president but if my choices were Biden, Harris or Newsom , then yes I would vote for Trump. Biden has ruined the country. We can't have 4 more years of that.
Well, it's true. We live in a society that has rules and laws, and we ELECT officials to among other things protect the public. Are all rules and laws authoritarian? Um...nope. Speed limits, laws against theft and fraud, laws against spitting on people, etc. We were in a pandemic that killed over a million people in the US alone. The government has a right and a responsibility to do everything it can to try to stop/slow infection in that case.
Big baby.
How Trump so thoroughly awoke the Sleeping Idiot.
Pre-Trumpism: The vast majority of adults said, "Yep, I got vaccinations as a kid, and my kids get them now." And a fraction of those adults also said, "Yep, and the military required me to get even more. I didn't necessarily love all of them, but I also never lost any sleep over it."
Along come the huge orange idiot and his thousands of enablers, and.....: "VACCINE MANDATES - EVEN IN A ONCE-IN-A-HUNDRED YEARS PANDEMIC - ARE AUTHORITARIAN!!!"
(......but yeah, I'm STILL allowing my young kids to get them.....you know, because I'm VERY consistent in both my outrage and biomedical expertise)
But there IS a silver lining in the Trumper inconsistency on vaccines. If they WERE principled in their vaccine resistance, they wouldn't allow their kids to get them and go to school, and we'd have MILLIONS of home schooled-by-Trumpers coming down the pike! THE HORROR!!!
Well, it's true. We live in a society that has rules and laws, and we ELECT officials to among other things protect the public. Are all rules and laws authoritarian? Um...nope. Speed limits, laws against theft and fraud, laws against spitting on people, etc. We were in a pandemic that killed over a million people in the US alone. The government has a right and a responsibility to do everything it can to try to stop/slow infection in that case.
Big baby.
How Trump so thoroughly awoke the Sleeping Idiot.
Pre-Trumpism: The vast majority of adults said, "Yep, I got vaccinations as a kid, and my kids get them now." And a fraction of those adults also said, "Yep, and the military required me to get even more. I didn't necessarily love all of them, but I also never lost any sleep over it."
Along come the huge orange idiot and his thousands of enablers, and.....: "VACCINE MANDATES - EVEN IN A ONCE-IN-A-HUNDRED YEARS PANDEMIC - ARE AUTHORITARIAN!!!"
(......but yeah, I'm STILL allowing my young kids to get them.....you know, because I'm VERY consistent in both my outrage and biomedical expertise)
Pre-Trumpism: The vast majority of adults said, "Yep, I got vaccinations as a kid, and my kids get them now." And a fraction of those adults also said, "Yep, and the military required me to get even more. I didn't necessarily love all of them, but I also never lost any sleep over it."
Along come the huge orange idiot and his thousands of enablers, and.....: "VACCINE MANDATES - EVEN IN A ONCE-IN-A-HUNDRED YEARS PANDEMIC - ARE AUTHORITARIAN!!!"
(......but yeah, I'm STILL allowing my young kids to get them.....you know, because I'm VERY consistent in both my outrage and biomedical expertise)
But there IS a silver lining in the Trumper inconsistency on vaccines. If they WERE principled in their vaccine resistance, they wouldn't allow their kids to get them and go to school, and we'd have MILLIONS of home schooled-by-Trumpers coming down the pike! THE HORROR!!!
Why do you hate your fellow citizens so much?
I wasn't old enough to vote Trump or Biden and plan to vote RFK (unless Haley or Kamala is the nominee then I'll vote the opposite party) but I don't hate either side. Only the elites.
I have a personal question just for you to answer. I know you troll frequently, but I am asking for a sincere and thoughtful honest response. Based on your posts many might think this is a silly question with an obvious answer.
Knowing how Trump fooled 40% of the nation into thinking he won the 2020 election. Knowing that he wanted his group to force the stop of vote certification and minimally delayed doing anything to stop them from interfering, knowing if elected he would start a system of retribution and as the most conservative and ethical Liz Cheney has said, Trump is the most dangerous man to our country,
Would you, Sally, vote for Trump?
I do not want the blowhard and buffoon Donald Trump to be president but if my choices were Biden, Harris or Newsom , then yes I would vote for Trump. Biden has ruined the country. We can't have 4 more years of that.
A second Trump term would have a divided country. A second Biden term would provide a ruined country. I will take a divided country over a ruined country every day of the week.
Biden gives us people like Mayor Pete who calls highways racist, Lloyd Austin and Milley more worried about using the proper pronouns than defending the country, that nutjob Levine who I am not ever sure what he/she/it is, and another nutjob stealing luggage from terminal kiosks. And gives us legal appointees who don't know basic law. And people like Kamala Harris who as "border zsar" has never even been to the border because she feared doing so would be damaging politically. And making up lies about the hard-working border agents. And allowing 3 million illegals into the country in 3 years. And kicking out veterans so illegals can stay in ritzy hotels.
The right wing 180 degree shift to being antivax nutters can be traced to Trumps mixed messaging on covid.
It’s a Democrat hoax to hurt me.
It’s the Chyna Virus by commies!
It will go away in 15 days
We need to get back to work for the economy! ( I need that to get re-elected)
Getting UV and disinfectant into the body
And then the timing of the rollout of the vaccine spilling into the Biden Administration was like adding accelerant onto a fire of idiocy. Now it was about distrust of Biden and doing the opposite of what he recommended like 8 year old petulant children.
It is poetic justice that the one thing Trump did deserving of credit was operation warp speed. But he can’t take credit because he created an army of idiots.
Most people would consider the pre-COVID levels to be back to normal or "over".
We are not at pre-COVID levels yet.
No, I am attacking your comment. And also no, most people would not consider pre-COVID levels to be back to normal or "over". We're supposed to just have prices go back 4 years before you are satisfied? Not how that works, brother. What planet do you live on where you expect prices to be the same as they were 4 years ago under any circumstance?
You're not a deep thinker. Don't try to play in an arena in which you are not equipped.
It's hilarious how big your ego is given your severe mental limitations.
When there's a once in a century life altering pandemic people generally consider the status quo BEFORE the pandemic to be the baseline for normal.
This post was edited 9 seconds after it was posted.
The right wing 180 degree shift to being antivax nutters can be traced to Trumps mixed messaging on covid.
It’s a Democrat hoax to hurt me.
It’s the Chyna Virus by commies!
It will go away in 15 days
We need to get back to work for the economy! ( I need that to get re-elected)
Getting UV and disinfectant into the body
And then the timing of the rollout of the vaccine spilling into the Biden Administration was like adding accelerant onto a fire of idiocy. Now it was about distrust of Biden and doing the opposite of what he recommended like 8 year old petulant children.
It is poetic justice that the one thing Trump did deserving of credit was operation warp speed. But he can’t take credit because he created an army of idiots.
It's 2023 and you cultists are still completely unaware that the lockdowns and vaccine mandates were 100% useless for at least 100,000,000 people.
Pre-Trumpism: The vast majority of adults said, "Yep, I got vaccinations as a kid, and my kids get them now." And a fraction of those adults also said, "Yep, and the military required me to get even more. I didn't necessarily love all of them, but I also never lost any sleep over it."
Along come the huge orange idiot and his thousands of enablers, and.....: "VACCINE MANDATES - EVEN IN A ONCE-IN-A-HUNDRED YEARS PANDEMIC - ARE AUTHORITARIAN!!!"
(......but yeah, I'm STILL allowing my young kids to get them.....you know, because I'm VERY consistent in both my outrage and biomedical expertise)
But there IS a silver lining in the Trumper inconsistency on vaccines. If they WERE principled in their vaccine resistance, they wouldn't allow their kids to get them and go to school, and we'd have MILLIONS of home schooled-by-Trumpers coming down the pike! THE HORROR!!!
It's idiotic to lump the COVID vaccine which does literally nothing to stop the spread of COVID in with tested and proven vaccines which actually work.
Do you HAVE to be a criminal to be a leader of the Republican Party?
GOP Crime Blotter
The Florida Trident and Sarasota Herald Tribune are reporting that the Chair of the Republican Party of Florida, Christian Ziegler, and his wife, Bridget, are being investigated by the Sarasota Police Department for an alleged Sexual Battery. The allegations reportedly stem from an alleged menage-a-trois relationship between the Zieglers after a woman filed a complaint who states that she was in a sexual relationship with the married couple.
The drop in gas prices is the primary culprit in the drop in inflation, which begs to ask the question why the previous congress and the president refused to take any meaningful action to increase production until there was a Republican controlled house to force them to make concessions on energy in the stop gap debt ceiling negotiations.
The impact of the American Rescue plan was somewhat transient because it had a large spike in spending (followed by large spikes in inflation). The unfortunate part is we have become accustomed to paying higher prices, people’s savings have been decimated, and interest rates are elevated which is crushing many industries and resulting in layoffs that you claim aren’t happening. Expect a lot of pink slips to start showing up until we can enact QE.
A second Trump term would have a divided country. A second Biden term would provide a ruined country. I will take a divided country over a ruined country every day of the week.
Biden gives us people like Mayor Pete who calls highways racist, Lloyd Austin and Milley more worried about using the proper pronouns than defending the country, that nutjob Levine who I am not ever sure what he/she/it is, and another nutjob stealing luggage from terminal kiosks. And gives us legal appointees who don't know basic law. And people like Kamala Harris who as "border zsar" has never even been to the border because she feared doing so would be damaging politically. And making up lies about the hard-working border agents. And allowing 3 million illegals into the country in 3 years. And kicking out veterans so illegals can stay in ritzy hotels.
This is an excellent post for teaching us about the right.! If you look at all the things that Sally is lathered up about you will see that it is all full right wing agitprop that gets dished out throughout the right wing airwaves towards more right wing political operatives to get the base skeered to death. Fear sells with the right wing! oh my!!!
in reality none of this made up agitprop bunk has any affect on Sally's life any more than a woke mind virus traveling through space and getting her sick with the disease called wokeism..
Reading her reasons is like those hilarious interviews that are done outside Trump rallies. Pure nonsense that is comedy gold.
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