Inflation hits new 40 year high

Oldschoolrock

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(laughing) The solution is stimulus? Priceless.

Ohanian (et al), in their 2007 paper on the Great Depression, determined that the FDR Administratin's interventionist policies extended the Depressin by seven years. When interviewed about their paper later, they were asked whether we would ever see another great depression, again. They said only if we were foolish enough to pursue stimulus spending, again.

In 1939, Henry Morgenthau Jr., FDR's Treasury Secretary, and one of the principal architects of his New Deal I and II, said,

“We have tried spending money. We are spending more than we have ever spent before and it does not work. ... We have never made good on our promises…I say after eight years of this administration we have just as much unemployment as when we started…And an enormous debt to boot!”

The only people who still believe in stimulus as a way out of economic crises are over-committed ideologues, economic illiterates, and fools - people just like Janet Yellin and you.
Price discovery is as hated as 2 words there ever was since Greenspan
 

SoCalN8tiv

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Just a remarkable speech by President Trump in Miami, FL today. A defiant Trump delivered a poignantly powerful speech in the middle of a downpour and kissed his hand to the heavens for God's blessing of the People with the good fortune of rain. The signs of a Trump led triumph are everywhere as the Great Cleansing begins to remove the Marxists scum that has defiled our great Country with their failed and vile policies.
 
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Moon4Cimoli

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Just a remarkable speech by President Trump in Miami, FL today. A defiant Trump delivered a poignantly powerful speech in the middle of a downpour and kissed his hand to the heavens for God's blessing of the People with the good fortune of rain. The signs of a Trump led triumph are everywhere as the Great Cleansing begins to remove the Marxists scum that has defiled our great Country with their failed and vile policies.
Anyone voting for Trump for President doesn’t have one screw loose, he/she has an entire Home Depot aisle of loose screws, I think it is aisle 17.
 

SoCalN8tiv

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Dramatic and brilliantly bright rainbow appears behind Pennsylvania gubernatorial candidate Doug Mastriano rally before thousands of people. Flags behind the Marxist Fetterman blown down! God is speaking to us. VOTE FREEDOM, VOTE AMERICA FIRST MAGA!
 

jaycee993

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Nanshee says its not inflation, its a cost of living issue....ok Nanshee whatever you say...and bye bye you old corrupt wind bag
 
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SoCalN8tiv

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Nanshee says its not inflation, its a cost of living issue....ok Nanshee whatever you say...and bye bye you old corrupt wind bag
Heard the old hag is trying to negotiate for installation of her daughter to succeed her in San Francisco. This politicking shouldn't be allowed. Have an open election for the seat.
 

SoCalN8tiv

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Breaking News: President Donald J. Trump on Tuesday November 15, 2022 from Mar-a-Lago is set to announce his bid to run for the 2024 Presidency. Here we go!

He's Baaaaaaaack!
 

SoCalN8tiv

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It's looking like a blowout of the democrats. AMERICA FIRST MAGA has shown up and inundated the polls! Top dems are going down hard in the Midterms. It's not looking good for democrats...WOW!
 

SoCalN8tiv

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DeSantis, Rubio win their elections by double digits in Florida. DeSantis wins Miami-Dade County a democrat stronghold - Boom. Anna Paulina Luna overcomes $20 million in out of state dark money to win Florida District 13. HUGE WINS! All Trump endorsed.
 

SoCalN8tiv

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Yesli Vega with 49% of vote in is pounding democrat superstar Spamberger...

Newcomer Hung Cao now leading Virginia Congressional race. What a great story when he wins!

Hung CaoOn the campaign trail, Hung Cao frequently mentions rising from refugee to decorated combat veteran.
As a boy, Cao and his family fled the communist takeover of Vietnam in 1975. The 54-year-old husband and father of five went on to serve in the U.S. Navy as a diver, according to his campaign biography. He retired last year as a captain after 25 years of service which included tours in Afghanistan, Iraq and Somalia.
“I’ve fought for you. I’ll fight for you again,” he told parents at a protest on Sept. 13 over Loudoun County Public School’s policies on race and sexuality.
Cao now works for CACI International. The company provides expertise and technology in military-related missions, according to its website. He is also a Christian missionary and the CEO of a nonprofit group that makes beeping Easter eggs for visually impaired children.


Hispanic/Latino vote is literally roaring across the land as they tear themselves away from democrats and vote MAGA.
 
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Moon4Cimoli

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We had a couple posters argue that media and popular coverage of Repubs is fair.

A Jimmy Kimmel monologue

1667965062577.jpeg


That’s comedy?!
 

Moon4Cimoli

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It's looking like a blowout of the democrats. AMERICA FIRST MAGA has shown up and inundated the polls! Top dems are going down hard in the Midterms. It's not looking good for democrats...WOW!

It wasn’t close to a blowout. Trump is a boat anchor dragging the Repubs into the abyss. When you see look up the word “ loser” in the dictionary, he is in one of the pictures. Trump basically lost to a turnip in 2020, and now one of his acolytes really did lose to a turnip.

Dump Trump, the new Repub slogan. N8tiv, it would be best if you didn’t mention “the loser” again. You will just look even more foolish.
 
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Gold Trojan

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If the Dems keep control we can probably expect 2 more years of the same thing.


* Horrible immigration issues (complete open border)
* Rampant out of control drug issues (see first item)
* Homeless camps everywhere (see previous point)
* Historically bad inflation rates
* Skyrocketing crime (see items 1, 2, 3, 4 & 5)
* Record high gas prices (strategic reserve run dry)
* Complete collapse of foreign policy (see previous point in part)
* Continued Trade Deficit (see prior point)
* Loads of Federal give away programs for the irresponsible
* Increase in taxes (see previous 2 points)



* oh, and more "it's all Trumps fault" from the party of no direction.
 

SoCalN8tiv

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Keep battling, keep fighting, lots of work still to do! Keep in mind how much damage the democrats did with a slim majority and a 50-50 Senate. Keep in mind that Republicans will have MORE right now than they did to fix this damn Country and we're not done yet! Fight fight fight! Lots of battles still left out there to win!

BYE BYE NANSHEE STANKY PELOSI! BYE BYE HAIR PLUGS SCHUMER!

AMERICA FIRST MAGA HAS CHANGED THE DIRECTION OF THIS COUNTRY!
 

xuscx

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Obama lost 60 seats at his midterms. The question is after blowing his third national election does Trump go easy, or does he take the party with him.
 

SoCalN8tiv

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If the Dems keep control we can probably expect 2 more years of the same thing.
What are you talking about? Democrats are done, they lost the House and they will lose the Senate. Take that to the bank! President Trump raised over $350 million for Republican candidates and Midterm candidates he endorsed won 95% of their races. THAT IS CALLED A HUGE SUCCESS! Candidates that did not fully embrace MAGA got beat. We're just getting started turning this country around - and we will turn it around.
 

SoCalN8tiv

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Mathematically impossible for Katie Hobbs to hold her slim lead over Kari Lake. Lake is storming from behind and raking in 85% of the remaining ballots. LAKE WILL WIN! Lake's wake will take Finchem and Masters over the finish line. Hamadeh will win the AG job for Arizona. Finally, they can clean up that mess in Arizona and have clean and fair elections! Maricopa county election officials days are numbered. WINNING!
 

xuscx

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Mathematically impossible for Katie Hobbs to hold her slim lead over Kari Lake. Lake is storming from behind and raking in 85% of the remaining ballots. LAKE WILL WIN!
And even if she doesn't win she will say she did win. Did you notice boebert is on the ropes. But the sex trafficer did win so one win for Trump
 

SoCalN8tiv

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DNCC Chairman Maloney got beat! First time in over 40 years a DNCC leader lost their bid for reelection. WOW! Huge win.
 

xuscx

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So since Desantis did so well, no question Trump will get dropped like a hot turd, which will make a lot of people happy. The question is do they wait until after the Georgia runoff, and what about all that money Trump has. I would take the hit now and move on. Its not like he will ever give the money back
 

GaryB

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Aug 24, 2017
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If the Dems keep control we can probably expect 2 more years of the same thing.


* Horrible immigration issues (complete open border)
* Rampant out of control drug issues (see first item)
* Homeless camps everywhere (see previous point)
* Historically bad inflation rates
* Skyrocketing crime (see items 1, 2, 3, 4 & 5)
* Record high gas prices (strategic reserve run dry)
* Complete collapse of foreign policy (see previous point in part)
* Continued Trade Deficit (see prior point)
* Loads of Federal give away programs for the irresponsible
* Increase in taxes (see previous 2 points)



* oh, and more "it's all Trumps fault" from the party of no direction.
I’m always curious when the trade deficit shows up on these inane lists. Is it because people don’t understand how economic systems function; or, they don’t want the US to be the global reserve currency; or they are dumb?

The concept is very simple, if you have global mercantilism, you want everyone to buy US products because you want the gold from the buyer to expand your monetary base. Conversely, in a fiat currency world, the goal is to expand your monetary base by having every other country holding your currency. The easiest way to achieve that goal is to buy the other country’s products, in exchange for the seller accepting your currency.

We are the only country in the world that can purchase local products in any country and pay for them using our currency. For reasons that are incomprehensible, there are Americans that believe we would be better off if we manufactured all of our products, devalued our currency and ran a trade surplus.

There isn’t a single country that wouldn’t trade their trade surplus for the economic advantages enjoyed by the US; yet, the author of this list wants Republicans to eliminate the trade deficit. Why?
 

Gold Trojan

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Aug 27, 2017
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I’m always curious when the trade deficit shows up on these inane lists. Is it because people don’t understand how economic systems function; or, they don’t want the US to be the global reserve currency; or they are dumb?

The concept is very simple, if you have global mercantilism, you want everyone to buy US products because you want the gold from the buyer to expand your monetary base. Conversely, in a fiat currency world, the goal is to expand your monetary base by having every other country holding your currency. The easiest way to achieve that goal is to buy the other country’s products, in exchange for the seller accepting your currency.

We are the only country in the world that can purchase local products in any country and pay for them using our currency. For reasons that are incomprehensible, there are Americans that believe we would be better off if we manufactured all of our products, devalued our currency and ran a trade surplus.

There isn’t a single country that wouldn’t trade their trade surplus for the economic advantages enjoyed by the US; yet, the author of this list wants Republicans to eliminate the trade deficit. Why?
What's wrong with having a surplus???

 

xuscx

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We have used China as a subcontractor. They amount they make on any product is very low. It's a system that has worked well. What we don't want is China becoming the prime on products, which we seem to be pushing them to become. Foxconn, the company that makes I phones, is pushing into the EV market. EVs are very easy to build so a lot of companies are trying to launch. What we don't want is China dumping cheap EVs on the market.
 

Moon4Cimoli

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Aug 31, 2021
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So since Desantis did so well, no question Trump will get dropped like a hot turd, which will make a lot of people happy. The question is do they wait until after the Georgia runoff, and what about all that money Trump has. I would take the hit now and move on. Its not like he will ever give the money back
Desantis wins. Trump, not so much.
 

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