You pointed to the increase precovid as if it was unusual.
It was not.
I didn't say that it was unusual. In fact, I was claiming that it was similar to something that occurred in another administration that you were complaining about. The unusual bit was (again) 2020 and 2021, which I am asserting was the driving force behind elevated price inflation in the subsequent years. Hence my post about the relationship between money supply and and inflation.
Covid and the shutting down of the global economy was what what was unusual.
The printing and spending Biden did in 2021-2023 was much much worse for the economy.
And keep in mind if Sinema and Manchin dont destroy their political careers opposing Bidens idiotic spending he would have spent trillions more.
I didn't say that it was unusual. In fact, I was claiming that it was similar to something that occurred in another administration that you were complaining about. The unusual bit was (again) 2020 and 2021, which I am asserting was the driving force behind elevated price inflation in the subsequent years. Hence my post about the relationship between money supply and and inflation.
Covid and the shutting down of the global economy was what what was unusual.
The printing and spending Biden did in 2021-2023 was much much worse for the economy.
And keep in mind if Sinema and Manchin dont destroy their political careers opposing Bidens idiotic spending he would have spent trillions more.
Covid was unusual, which is why the policy response wsa heavy-handed. That policy response had consequences, one of which was inevitable price inflation. You seem to disagree with this. For some reason you think that the monetary inflation of 2020 was irrelevant, but in 2021 it was disastrous. And that we were "printing money" in 2022 and 2023 despite the money supply actually falling. I disagree with both of those sentiments and I think there's overwhelming data to support my claim.
Covid and the shutting down of the global economy was what what was unusual.
The printing and spending Biden did in 2021-2023 was much much worse for the economy.
And keep in mind if Sinema and Manchin dont destroy their political careers opposing Bidens idiotic spending he would have spent trillions more.
Covid was unusual, which is why the policy response wsa heavy-handed. That policy response had consequences, one of which was inevitable price inflation. You seem to disagree with this. For some reason you think that the monetary inflation of 2020 was irrelevant, but in 2021 it was disastrous. And that we were "printing money" in 2022 and 2023 despite the money supply actually falling. I disagree with both of those sentiments and I think there's overwhelming data to support my claim.
The consequences were made much worse needlessly by adding 2 TRILLION to the money supply in 2021.
You will shoehorn any and all data into the political opinion you made before you looked at any of it.
This post was edited 52 seconds after it was posted.
Covid was unusual, which is why the policy response wsa heavy-handed. That policy response had consequences, one of which was inevitable price inflation. You seem to disagree with this. For some reason you think that the monetary inflation of 2020 was irrelevant, but in 2021 it was disastrous. And that we were "printing money" in 2022 and 2023 despite the money supply actually falling. I disagree with both of those sentiments and I think there's overwhelming data to support my claim.
The consequences were made much worse needlessly by added 2 TRILLION to the money supply independent 2021.
You will shoehorn any and all data into the political opinion you made before you looked at any of it.
Another fun fact for you. The average 30 year mortgage rate was about 2.8% when Biden took office. It was almost 7% when he left office.
Only a stupid or dishonest person would attribute mortgage rates to the president.
When the president goes against the advice of economic advisors (even those within his own party) he deserves some blame when the fed has to raise rates to counter his out of control spending.
Didn’t help that even after Biden signed the ARP, he added more fuel to the fire in the form of the thrifty food plan, student loan forgiveness, Obamacare and Medicaid expansions that were effectively stimulus (additional spending without complementary tax increases).
Covid was unusual, which is why the policy response wsa heavy-handed. That policy response had consequences, one of which was inevitable price inflation. You seem to disagree with this. For some reason you think that the monetary inflation of 2020 was irrelevant, but in 2021 it was disastrous. And that we were "printing money" in 2022 and 2023 despite the money supply actually falling. I disagree with both of those sentiments and I think there's overwhelming data to support my claim.
The consequences were made much worse needlessly by adding 2 TRILLION to the money supply in 2021.
You will shoehorn any and all data into the political opinion you made before you looked at any of it.
Remember the adult is a professional goal post mover
Only a stupid or dishonest person would attribute mortgage rates to the president.
When the president goes against the advice of economic advisors (even those within his own party) he deserves some blame when the fed has to raise rates to counter his out of control spending.
Didn’t help that even after Biden signed the ARP, he added more fuel to the fire in the form of the thrifty food plan, student loan forgiveness, Obamacare and Medicaid expansions that were effectively stimulus (additional spending without complementary tax increases).
Most of Biden’s job gains went to illegal immigrants getting TPS and government workers and were dependent upon massive deficit spending. When you revoke TPS and start deportations, you will get job losses. When you cut government programs you will get job losses. 5% unemployment is the sweet spot. When we get some rate cuts (which are overdue), it will stimulate private sector job growth and decrease our deficit by reducing the interest on the debt. We want an economy that is sustainable. Biden’s economy was smoke and mirrors.
Immigration, crime, trade – even the economic numbers since he left office: Biden’s name is on the lips of his successor multiple times a day to explain everything wrong with America. But will voters buy it, asks Andrew Feinb...
I didn't say that it was unusual. In fact, I was claiming that it was similar to something that occurred in another administration that you were complaining about. The unusual bit was (again) 2020 and 2021, which I am asserting was the driving force behind elevated price inflation in the subsequent years. Hence my post about the relationship between money supply and and inflation.
Covid and the shutting down of the global economy was what what was unusual.
The printing and spending Biden did in 2021-2023 was much much worse for the economy.
And keep in mind if Sinema and Manchin dont destroy their political careers opposing Bidens idiotic spending he would have spent trillions more.
You forgot that Trump's sh*tty response to COVID is what required the shutdown of the US economy and that Trump printed and spent trillions of dollars to try and compensate for his sh*tty response to COVID (like, appointing Jared Kushner to lead the response).
Trump's spending led to high inflation, and the Biden administration was able to bring it back down. Now that Trump is back, inflation is headed back up (along with sh*tty jobs reports and widening trade deficit). Only the biggest idiots in the idiot cult still support that fat orange moron.
Most of Biden’s job gains went to illegal immigrants getting TPS and government workers and were dependent upon massive deficit spending. When you revoke TPS and start deportations, you will get job losses. When you cut government programs you will get job losses. 5% unemployment is the sweet spot. When we get some rate cuts (which are overdue), it will stimulate private sector job growth and decrease our deficit by reducing the interest on the debt. We want an economy that is sustainable. Biden’s economy was smoke and mirrors.
The full title of that article is “Biden Derangement Syndrome? How Trump can’t stop blaming everything under the sun on his predecessor”
It’s not surprising that Trump accepts no responsibility for anything. Throughout his first term, and occasionally still, he blamed everything on Obama.
TDS is also a misnomer. The ones that actually have TDS are his herd of sheep that blindly accept anything he says or does as gospel and don’t have the grey matter to think about issues for themselves. They also often have their homes festooned with things like Trump flags.
BREAKING: The Hyundai battery plant where 450+ illegals were arrested is the VERY SAME PLANT that Joe Biden promised would provide jobs for the American people.
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