Bidenomics Failing Big Time?

[Well-Known Member]

Biden is bad because his actions are causing INFLATION!

I'm not a Biden fan, but Biden is not causing inflation. He is adding to it, but not the sole cause.

 

[Wally]

How’s your 401k doing?

So now Wall Street is the economy? I ask because if you search stock market threads during the Trump era, you will find many libs here rushing in to post that it is not. I guess they were against that thinking before they were for it?

 

[bbsam]

You are correct, but the problem is that the government has given away trillions on top of the trillions that they give away in just the last year, and are poised to give away trillions on top of that in the next several months.

Every economist expects this to cause inflation to rise. The big, and unanswered question, is whether this inflation is temporary, or permanent.

Every economist has expected the same thing for a long time. I expect it. Putting it on one administration or party is disingenuous.

 

[Sportello]

So now Wall Street is the economy? I ask because if you search stock market threads during the Trump era, you will find many libs here rushing in to post that it is not. I guess they were against that thinking before they were for it?

All I asked is how is your 401k doing? For most middle class folks that is their single biggest investment, likely more than their middle class home, even at today's prices.

How's your 401k doing?

 

[vantexan]

All I asked is how is your 401k doing? For most middle class folks that is their single biggest investment, likely more than their middle class home, even at today's prices.

How's your 401k doing?

How will it do when it drops 50% or more and doesn't recover for a decade because of all the debt, both corporate and government?

 

[BrownFlush]

Why are republicans trying to will inflation into existence? You guys realize it hurts you, right? Getting your propaganda machine to spin up inflation fears is bad for everyone. But all that matters to you people is “Biden bad!”

Will it? lol
No "willing it" is necessary. Biden has set things in place for it to happen.
Hurts us? Facts only hurt lefties feelings.

 

[It will be fine]

Will it? lol
No "willing it" is necessary. Biden has set things in place for it to happen.
Hurts us? Facts only hurt lefties feelings.

For inflation public will is literally the only thing necessary. It’s a collective belief that inflation will be about 2% as it has been for decades. Current republicans want to scare everyone into believing the current temporary blip is permanent because Biden Bad! They will spread this disinformation in order to gain power.

 

[DriveInDriѵeOut]

For inflation public will is literally the only thing necessary. It’s a collective belief that inflation will be about 2% as it has been for decades. Current republicans want to scare everyone into believing the current temporary blip is permanent because Biden Bad! They will spread this disinformation in order to gain power.

Right, right, inflation is just a figment of our imagination. If you stop believing, then tinker bell dies.

 

[Lineandinitial]

For inflation public will is literally the only thing necessary. It’s a collective belief that inflation will be about 2% as it has been for decades. Current republicans want to scare everyone into believing the current temporary blip is permanent because Biden Bad! They will spread this disinformation in order to gain power.

When a couple of dozen donuts cost you $10.00 each day, don’t come crying to us!!

 

[oldngray]

 

[It will be fine]

When a couple of dozen donuts cost you $10.00 each day, don’t come crying to us!!

A couple dozen donuts for $10? That sounds cheap to me. Krispy Kremes go for a lot more than that around here.

 

[Lineandinitial]

A couple dozen donuts for $10? That sounds cheap to me. Krispy Kremes go for a lot more than that around here.

LOL

 

[Wally]

Feeders paradise, $5 a dozen donuts. Did they shrink the donut size?

 

[oldngray]

Feeders paradise, $5 a dozen donuts. Did they shrink the donut size?

Donuts are finger food to feeder drivers

 

[quad decade guy]

Why wouldn’t prices go sharply up coming out of a global pandemic that stagnated economies and caused prices around the world to plunge?

Seems to me that much of this has little to do with economic policy and should pretty much be expected.

$10 trillion in borrowed spending? Covering for Biden makes you look silly.....

 

[quad decade guy]

Be honest with what you know. The US government has been giving away trillions with no way to pay for it for decades. And that’s all been with the knowledge of all the brilliant economists who know all about such things.

If we are driving off the cliff and Biden is at the wheel, it’s been a long hard drive to get there with a lot of drivers adding turbos and nitrous at every mile.

No man.... Bidens US govt.

BTW, giving it away to Democrats......

 

[quad decade guy]

Prices did not plunge, except for oil. Prices dropped because inflation went down to about zero. But you are correct, prices should rise up a little to where they were before the pandemic. The problem is that they are going well above where they were,

Typical inflation is around 1-2% We are around 4% now, almost double where it should be.



Stick to what you know. You would make a lousy economist. The Biden administration's out of control spending is adding to inflation, although it is not the sole cause. You can't give away trillions of dollars with no way to pay for it and expect to keep inflation in check. And if you raise taxes to pay for it, you also can't keep inflation in check.

Right......he's a Democrat/socialist/marxist/communist....

 

[bbsam]

No man.... Bidens US govt.

BTW, giving it away to Democrats......

Oh stop. That’s just stupid.

 

[DELACROIX]

For inflation public will is literally the only thing necessary. It’s a collective belief that inflation will be about 2% as it has been for decades. Current republicans want to scare everyone into believing the current temporary blip is permanent because Biden Bad! They will spread this disinformation in order to gain power.

Sure sounds familiar... Deja Vu...payback is a bitch...

 

[bacha29]

Why wouldn’t prices go sharply up coming out of a global pandemic that stagnated economies and caused prices around the world to plunge?

Seems to me that much of this has little to do with economic policy and should pretty much be expected.

The Trumpers forget that just over a year ago oil was trading at $-35 a barrel. That's right negative 35 bucks a barrel. It takes time to restart production. Furthermore according to comments from industry analysts investment in drilling logistics and equipment is 300 million dollars under what it needs to be. And if you look at Chevron, Oxy. Exxon and others what do they all have in common. Over the course of the last couple of years they've all cut they capex budgets.

I never start my day until I turn on CNBC and watch the tape. Over the past week or so commodity prices are heading back down to normal levels. Jeb Powell made it clear. The current inflationary trends are in the opinion of the board transitory and they are willing to accept higher short term inflation as a trade off in exchange for improved employment..... and the market seems to agree.