The Ministry of Truth thread

#801
#801
Orangeburst said:
"The $1.9 trillion spending bonanza or so-called "Covid Relief" bill Democrats passed last March ignited the inflation a majority of Americans now cite as a "hardship." This is not something that’s seriously disputed outside of the White House.

Clinton/Obama economist Larry Summers called it "the "least responsible" economic policy in 40 years and former Obama economic advisor Steven Rattner called it "the original sin." Even Biden’s Secretary of the Treasury Janet Yellen recently said: "So, look, inflation is a matter of demand and supply, and the spending that was undertaken in the American Rescue Plan did feed demand." Enough said.
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No, it didn't. Inflation of this magnitude wasn't ignited less than two years ago. That is absurd.
 
#803
#803
BowlBrother85 said:
Good f***ing lord you people can't read. NOT JUST TAX CUTS BY THEMSELVES!!!!!

Tax cuts in conjunction with massive increases in government f***ing spending.
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Why are you so worked up?

You should just state it correctly: when the government increases the money supply because they want to spend more than they take in, it results in inflation.
 
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#805
#805
BowlBrother85 said:
No, it didn't. Inflation of this magnitude wasn't ignited less than two years ago. That is absurd.
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It’s not a coincidence this comes on the heels of the COVID relief payments. It’s absolutely relevant. This was money they flushed right into the transaction machine.
 
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#806
#806
TN Ribs said:
Of course the MAGA Cult opposes the Disinformation Governance Board since their leader and Fox News are the biggest purveyors of disinformation and their supporters and viewers will believe anything you tell them.
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Glad to see there are a few supporters still out there! How does it feel to be the dumbest person in every room you ever walk in? It’s inspiring really
 
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#807
#807
DC_Vol said:
It’s not a coincidence this comes on the heels of the COVID relief payments. It’s absolutely relevant. This was money they flushed right into the transaction machine.
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It is relevant. Sure ... but the inflation we are seeing right now, was not ignited by policies enacted less than two years ago. That's not possible.
 
#809
#809
BowlBrother85 said:
Inflation of this magnitude was not ignited two years ago. Sorry.
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OK..you disagree with your party's chief economists
You have the balls to say that Trumps policies even further back were a contributor?
So by your methodology, we should expect Bidens spending to affect us to a great extent in a couple of more years?
 
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#810
#810
BowlBrother85 said:
Inflation is on the failed Republican junk social-science known as "Supply-Side Economics". It is on Art Laffer and the Republican Presidents who have trusted him and his crackpot theory.
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If you only knew half as much as you think you do, you sound like a freshman in an AP economics class throwing out terms and phrases that you don’t understand to try to make yourself sound smart
 
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#812
#812
BowlBrother85 said:
It is relevant. Sure ... but the inflation we are seeing right now, was not ignited by policies enacted less than two years ago. That's not possible.
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The M2 says otherwise. Look at the money supply data and you’ll see why. Couple that with a recent fall in productivity and you’ll understand exactly why this is happening now.

Smaller increases over the years have been eaten up by increases in productivity. Now you’ve got a 10+% increase in the money supply in the last two years with falling productivity.
 
#813
#813
landscapingvol said:
If you only knew half as much as you think you do, you sound like a freshman in an AP economics class throwing out terms and phrases that you don’t understand to try to make yourself sound smart
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If you disagree with something I said, then you should explain why and rebut me. This post did neither one of those things. You sound like an ignorant poster who is trying to join a discussion which he has nothing constructive to contribute toward.
 
#815
#815
BowlBrother85 said:
If you disagree with something I said, then you should explain why and rebut me. This post did neither one of those things. You sound like an ignorant poster who is trying to join a discussion which he has nothing constructive to contribute toward.
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Chill out. You're making it worse on yourself. This line of rebuttal will not advance your part of the discussion at all.
 
#816
#816
BowlBrother85 said:
Once again, if you don't think that inflation would be just as bad right now in Trump's 2nd term, then you really don't know what you're talking about.

The most inflationary measure an administration can take is to push massive tax cuts while simultaneously increasing government spending.

^^^^ That is precisely what Trump did... and this was done at a time of economic expansion in 2017 and 2018, when stimulus wasn't needed.

Republicans think that there is never a bad time to cut taxes. George W. Bush cut taxes and then took us into 2 prolonged wars, and a very costly struggle to safeguard against terrorism.

Granted, GWB couldn't have predicted 9/11, and Trump couldn't have predicted COVID, but still ...

If you want to play the blame game, it should be pretty easy to see which two presidencies over the last 20 years were most responsible for inducing inflationary pressures. It's Bush and Trump - the two administrations who cut taxes, just before two calamities began, that required massive spending to cope with.

I'm just pointing out how ridiculous it is for Republicans to pretend to be outraged by inflation now .... after the significant role your presidents have played in its current creation.
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😂 😂. So triggered
 
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#817
#817
DC_Vol said:
The M2 says otherwise. Look at the money supply data and you’ll see why. Couple that with a recent fall in productivity and you’ll understand exactly why this is happening now.

Smaller increases over the years have been eaten up by increases in productivity. Now you’ve got a 10+% increase in the money supply in the last two years with falling productivity.
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You are misguided.

Explainer: Republicans blame Biden for inflation, but are they right?

* Take note of the graph below "Key inflation gauges started rising in 2020."
 
#819
#819
TN Ribs said:
Of course the MAGA Cult opposes the Disinformation Governance Board since their leader and Fox News are the biggest purveyors of disinformation and their supporters and viewers will believe anything you tell them.
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No that’s not it. I oppose pretty much any new government agencies or departments. I’d oppose the free beer and easy women department if they started one.
 
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#820
#820
#821
#821
AshG said:
Chill out. You're making it worse on yourself. This line of rebuttal will not advance your part of the discussion at all.
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I didn't rebut anything in that post you replied to? I'm telling the other guy to post something which runs counter to what I've said, if he disagrees with me.
 
#822
#822
BowlBrother85 said:
I didn't rebut anything in that post you replied to? I'm telling the other guy to post something which runs counter to what I've said, if he disagrees with me.
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Look at the behavioral tendencies and history here. What you're asking, for most posters, is the equivalent of asking a politician to be honest.
 
#824
#824
BowlBrother85 said:
Wrong.

It is on the Presidents who were responsible for massive tax cuts, just before taking us into two prolonged wars, a costly homeland struggle against terrorism and a pandemic. Trump's tax cuts were particularly egregious, because they weren't needed at the time they were passed. We were already in the throes of an economic expansion.

You ignorant people think inflation of this magnitude happens instantly. It doesn't.
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We are suffering the rocket inflation due to idiotic measures taken during covid. Shutting down production while pumping money into the system leads to shortages and shortages lead to inflation.
 
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