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Inflation at its highest in 40 years…

Discussion in 'BBS Hangout: Debate & Discussion' started by LosPollosHermanos, Dec 10, 2021.

  1. Nook

    Nook Member

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    Biden isn't responsible for a lot of the issues he is dealing with. However that was a known quantity when he ran for President. Everyone knew that the consequences of COVID had not really impacted the economic markets yet. Like a Pharaoh being punished for a lack of rain, Biden will be punished accordingly. Let's be honest though, had Trump been re-elected he would be punished as well, and likely more so because he would have been in power going back to pre-COVID.

    I suppose an argument could be made that there never should have been shutdowns and that people should have been forced to work. How many more dead would there be? We will never really know. Decisions were made based on the limited information had. Businesses were going to fail, so they were essentially bailed out. People were not being paid and needed to spend more, so checks were cut. Had they not been cut it may have been far worse.

    Biden isn't going to be re-elected, and that was written in stone when he won in 2020 because the reckoning was coming regardless. A sizable amount of people don't know who is to blame and don't even care. They just know things have gotten really expensive, and the claims on television of an awesome job market and home values doubling don't match the reality they live. They are going back to work with less buying power and still have lots of bills.... and those in power will pay the price.
     
  2. Space Ghost

    Space Ghost Contributing Member

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    I keep reiterating this, but as a country, we need to get out of this mentality that the US is the center of the universe and stop blaming Biden>Trump>Obama>Bush>Clinton ect ...
    We should keep in mind that the United States, as a whole, had some of the most relaxed restrictions globally. Supply chains in themselves are not a massive problem nor is the inflation. The real concern is that currencies all over the world are getting destroyed vs the USD. This is creating liquidation crises all over the world that impact the US markets directly. If we do not help these other countries facing currency crises, then we, as the world, risk unrest, tension and war contagion. A large part of the problem was the very draconian shutdowns and massive government spending of these countries.

    There is no good way out of this. Trying to conjure up one will only lead to a bigger mess.
     
    Andre0087, Beezy, ROCKSS and 2 others like this.
  3. adoo

    adoo Member

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    it'd behoove you to heed Abe Lincoln's sage words,

    it is better to remain silent and be thought of as a fool,
    than to speak to remove all doubts!!!​
     
  4. Os Trigonum

    Os Trigonum Contributing Member
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  5. Space Ghost

    Space Ghost Contributing Member

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    Says the guy who just recently said the economy is doing great.
     
  6. Os Trigonum

    Os Trigonum Contributing Member
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    it'd behoove you to heed Abe Lincoln's sage words,

    don't believe everything
    you read on the internet​
     
    Invisible Fan, Nook and Space Ghost like this.
  7. MojoMan

    MojoMan Member

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  8. MojoMan

    MojoMan Member

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  9. Os Trigonum

    Os Trigonum Contributing Member
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    we need a malaise speech

     
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  10. Rocket River

    Rocket River Member

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    I still think the greatest misses are Bullet Trains
    I think that investment in them would be best thing

    Then again . . .I think using HEmp for paper and other things is a great investment too
    but various legal things block that too

    Rocket River
     
    Nook likes this.
  11. Amiga

    Amiga 10 years ago...
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    Mark Zandi is the chief economist of Moody's Analytics.

     
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  12. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    This is all 100% true.

    But what is also true is that had Trump won, the right would be pushing the narrative that, "Trump can't control a global pandemic" and he'd be using the same excuses - that COVID and the war in Ukraine would be the reasons behind the inflation we are dealing with.
     
  13. Os Trigonum

    Os Trigonum Contributing Member
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  14. ROXRAN

    ROXRAN Contributing Member

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  15. Ubiquitin

    Ubiquitin Contributing Member
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  16. ROXRAN

    ROXRAN Contributing Member

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    Just do like me and increase the cost of your services by 20% - problem solved! you may even have a marginal net gain compared to before. #winningtime !
     
  17. rocketsjudoka

    rocketsjudoka Contributing Member
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    I agree Biden isn't completely to blame for the current inflation situation and this is a far more of a Global situation. I don't think Administration can do much about it either.

    One thing that I do think the Biden Administration ahs done poorly is their messaging on it which frequently seems confused and contradictory. This has been a problem that has cropped up several times in this Adminstration and is one of the reason why they are doing so poorly in the polls.
     
  18. Salvy

    Salvy Member

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  19. Os Trigonum

    Os Trigonum Contributing Member
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    I guess you could say things are getting serious

     
  20. Space Ghost

    Space Ghost Contributing Member

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    Amazing. Run on a platform promising to wage war on the oil industry and then come groveling back asking why they are in a defensive position.
     

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