Quote:
Originally Posted by Chico23231
Recapping isn’t an arguement and then saying “the rescue package worked to well” is stating “we overdid it, Bigly with too much money.” American rescue plan…only a Democratic voted package which didn’t even have tests ready for the next variant which cost more lives. Incompetence
Again you aren’t addressing the policies of the administration which put us here. Or the fact the President lied and ignored inflation environment. Or the fact the Democrats continued to spend.
It’s bullshit hypotheticals to ease your mind. I guess Putin only invades Ukraine when Obama and Biden are in office, that’s just another coincidence.
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man .. we are going in circles on this. Maybe we need an inflation thread. Remember, I dont understand this stuff, I only know what i read.
CBO said the inflation act would only decrease inflation by .1 to .2% but it would reduce deficit. The tax increase on middle class wasnt a direct tax but an indirect one bc companies would pass increased tax burden to employees.
Jerome Powell ... the head of the Fed .. the guy in charge of making sure inflation doesnt happen .. the guy who doesnt have a D or an R next to his name even though he was named by Trump .. is they most responsible person for preventing inflation. He admitted he messed up. Now a Dem president has him jacking up the interest rate quicker and higher than ever before .. right before elections. Powell is doing Biden zero favors. Everything I read, we need short term pain to avoid long term pain.
Biden is absolutely taking a bullet from covid coming due and global inflation. Sucks for him. Heavy is the crown. 2024 when we are in a recovery, who ever is wearing the crown will be enjoying an improving economy with good numbers to point to .. that they had no participation in.
Dem spending -- dude, we cant pass shit through the senate bc of sinema/manchin siding with all republicans .. so what dem spending outside of the Inflation reduction Act? The BBB act got killed. Ukraine ... yeah Im kinda for supporting Ukraine and watching russia military bled.
Global inflation right now. US is doing better than most.