Shot:
- Thread starter TarHeelEer
- Start date
I know you only understand simple arguments, and therefore aren't equipped to understand this one. But the US is not the only country experiencing inflation. We are just in the Top 20 when taking into account the rate of increase: https://www.pewresearch.org/fact-ta...e-world-inflation-is-high-and-getting-higher/.
So, if there are 40-50 countries experiencing inflation, and we're not even near the to of those that are...you think you can blame that on one person? So, is Biden responsible for inflation in 40 other counties as well? This is a world wide problem, and not isolated to the US. So, its impossible for Biden to be blamed for all of it. He has his fair share, but to put it all at his feet is a simpleton's argument. And all of the factors that play into this certainly didn't start 12-18 months ago...they started well before that. Some of it is based on Trumps policies. Some of Obama, and some have nothing to do w/ a US President.
Shutting the entire world's economy down for 12-18 months (China is still not fully up and running) had more to do w/ it than anything. If you stop production and create false lack of supply, and then retailers start stocking goods that people in a very specific instance demand at levels no one has ever seen...and then no longer need them w/ COVID is over...it tends to cause problems. Retailers stocked up on stuff people no longer need now and they can't get rid of it, and don't have enough of what people not in the middle of COVID need now. So, there are inventory issues across the board, and that has more to do w/ inflation than any Biden policy.
He will be blamed in the US during the next election cycle as he should be.. That is just the way it is. President's have little to do w/ the overall US economy, because there are so many factors and many factors started years if not decades ago.
That post (#7) was some of the most convoluted economic exegesis a grown man who claims to meet a payroll and runs a profit generating enterprise can demonstrate. All I can say after reading that pablum is I'm thankful he doesn't run our business.
Good Lord.
It’s funny how democrats notoriously blame the previous administration for the inflation that happens under their watch. The only thing I’ll give this goofball in New York City credit for is Covid shutdown did play a role.That post (#7) was some of the most convoluted economic exegesis a grown man who claims to meet a payroll and runs a profit generating enterprise can demonstrate. All I can say after reading that pablum is I'm thankful he doesn't run our business.
Good Lord.
I'm trying. (I really am) to understand what he (OP) was attempting to explain here? Can anyone please decipher this for me as the cause of world wide inflation? In the classic economic definition of inflation (artificially expanded currency causing increased demand in the midst of production shortfalls or limited supplies therefore driving up prices) how does this even remotely qualify?
Anyone? My head is spinning.
Covid shut downs caused many of the shortages we are experiencing, but that's not what the OP in post #7 was arguing. I read it again and I STILL don't know what he was attempting to explain? (for instance he said there are ample supplies of things folks no longer need)
Does anyone know what he was saying?
The thing always missing from their analysis is that they’re responsible for the prolonged shutdowns. The numbers and societal behavior clearly showed it was fine to open up that first summer and stay open. Blue states elected to remain closed down unnecessarily.
Could you be more specific? What policies of Trump's, in particular, helped cause today's inflation?
A bonus question. What policies of Trump made you vote for Pedo-Joe?
No. Pumping Trillions of new cash into the system had more to do with it than anything.
You won't get an answer. I don't think even he knows what he's talking about, much less why he voted for creepy Joe? He just hated Trump, that explains everything except his economic illiteracy on the causes of inflation.
@NYC_Eer please understand...I AM NOT PICKING ON YOU. I'm simply trying to understand what you're attempting to explain here as a cause for inflation OK?
So you said:
Can you explain that? Seriously?
OK then you said:
Once again, if you can... would you just at least explain this tortured logic when it comes to inflation?
So you said:
OK....that makes no sense. Why would a production cessation suddenly create ample supplies "no one no longer needs"? If they no longer need what's in ample supply, why would the prices increase?
Can you explain that? Seriously?
OK then you said:
Again, if stocks of what folks no longer need are in ample supply, why would the prices for those goods go up? Isn't inflation caused by a lack of supplies, or scarcity relative to demand?
Once again, if you can... would you just at least explain this tortured logic when it comes to inflation?
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I hate to do it, because I said earlier ITT that I wasn't "picking" on @NYC_Eer ...but I suspect he won't answer my honest questions in post # 20 asking him to explain himself trying to ''educate" @TarHeelEer on the causes of worldwide inflation; so I'm just going to go on ahead and post his typical response whenever he's asked to back up whatever he posts on this forum.
@NYC_Eer :
I hate you atl.....
Bye man, thanks for the lesson on inflation...that was really good!!!! :joy:
@NYC_Eer :
I hate you atl.....
Bye man, thanks for the lesson on inflation...that was really good!!!! :joy:
Here’s an article from 8 days after Biden took office. You don’t think these changes negatively impacted the economy?
https://www.csis.org/analysis/biden-makes-sweeping-changes-oil-and-gas-policy
Thanks for posting that!
Here in a nutshell is what precipitated our loss of energy supplies, and resultant run up to inflation:
From linked article referring to Biden's EO's on oil and gas drilling:
"Industry associations object to Biden’s executive orders, arguing that they will deter investment, kill jobs, reduce state revenues, and shift oil and gas production to other countries"
That right there created demand while limiting supplies. The classic starter fuel for inflation because energy drives the prices of finished goods. When energy becomes more expensive, everything supplied by energy becomes more expensive and it becomes a vicious cycle.
Throw in trillions of what I'd argue was unneeded and wasteful "stimulus" spending by pumping M1 and M2, and you have the perfect elixir for the inflation were suffering through today!
All that can be laid at the feet of this one man
Holy Cow, I caused all of this?
No creepy Joe, you just helped make it all worse!
This argument coming from someone who claims others don't understand.
Of the countries experien ing this recen inflation, how many are the leading oil producer in the world? How many are top 10?
My advice to you Dave is not to ask him anymore economic questions. Clearly he's "too sophisticated" to relate to our rudimentary understandings of such a complicated subject.
See, we're "not equipped" to understand his arguments. It just can't get any "simpler" than that!
Well.My advice to you Dave is not to ask him anymore economic questions. Clearly he's "too sophisticated" to relate to our rudimentary understandings of such a complicated subject.
See, we're "not equipped" to understand his arguments. It just can't get any "simpler" than that!
I think he has proven to be a simpleton cuck.
I'm providing this article as a public service (mainly for @NYC_Eer ) but also in case anyone else is not exactly sure what impact creepy Joe's misguided policies have had on inflation?
excerpt:
the Biden administration has undermined American energy independence. In the past year, President Biden signed an executive order banning new drilling leases on federal lands, pursued more than $20 billion in new energy taxes on oil and natural gas production, and vetoed permitting for the Keystone XL pipeline.
Biden has also pushed trillions in new spending that have made inflation worse. After spending trillions in 2020 to fight the COVID-19 pandemic, the Biden administration passed an unnecessary, additional $1.9 trillion spending bill in March.
....more
The policies being pushed by President Biden has led to stagnant economy where inflation is out of control, energy prices are up, and Americans are being paid not to work.
This is a good read, and loaded with facts. @NYC_Eer might be "too sophisticated" to understand what's explained here, but it certainly makes more sense than anything he's provided as an explanation for these skyrocketing prices!
excerpt:
the Biden administration has undermined American energy independence. In the past year, President Biden signed an executive order banning new drilling leases on federal lands, pursued more than $20 billion in new energy taxes on oil and natural gas production, and vetoed permitting for the Keystone XL pipeline.
Biden has also pushed trillions in new spending that have made inflation worse. After spending trillions in 2020 to fight the COVID-19 pandemic, the Biden administration passed an unnecessary, additional $1.9 trillion spending bill in March.
....more
The policies being pushed by President Biden has led to stagnant economy where inflation is out of control, energy prices are up, and Americans are being paid not to work.
This is a good read, and loaded with facts. @NYC_Eer might be "too sophisticated" to understand what's explained here, but it certainly makes more sense than anything he's provided as an explanation for these skyrocketing prices!
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I did oversimplify earlier, I'm sorry if you have trouble keeping up, I'm trying to keep it on a 5th grade level for you. The US dollar is the world currency, at least for now. The Biden administration is partly responsible for many if not all experiencing inflation at the present time. Some caused their own issues in addition, such as Germany.
For you to try to make an argument that "everyone does it" and call it a worldwide problem is still a simplistic view of a very US-centric system.
You mean you didn't understand his "simplified" version earlier ITT of the causes of worldwide inflation?
As the famous Shawshank warden Samuel Norton would famously say, “Oh lord it’s a miracle. The man up and vanished like a fart in the wind!”I hate to do it, because I said earlier ITT that I wasn't "picking" on @NYC_Eer ...but I suspect he won't answer my honest questions in post # 20 asking him to explain himself trying to ''educate" @TarHeelEer on the causes of worldwide inflation; so I'm just going to go on ahead and post his typical response whenever he's asked to back up whatever he posts on this forum.
@NYC_Eer :
I hate you atl.....
Bye man, thanks for the lesson on inflation...that was really good!!!! :joy:
You mean to tell me @NYC_Eer didn't answer your questions in this thread?
Nope, he said we wouldn't understand!
No...it can't be!
Yup...Dude ran off.... see 'ya bye!!!!!!
Yup. @NYC_Eer's comes when you ask him to defend whatever he posts! :stuck_out_tongue_winking_eye:
Nope, he said we wouldn't understand!
So I asked him to explain his "simple argument"...and know what he did Warden?
No...it can't be!
Yup...Dude ran off.... see 'ya bye!!!!!!
Yup. @NYC_Eer's comes when you ask him to defend whatever he posts! :stuck_out_tongue_winking_eye:
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I didn't say that his policies haven't negative affected the economy. I said he's not solely or even primarily responsible for inflation. Gas prices alone do not cause inflation.
OK. Discount that inflation is happening just about everywhere, and the US economy like it or not is part of the global financial system. So, you either don't understand economics (probable) or just following the Trumper line of reasoning (both are probably true).