occasionally. also to stay current on things to discuss. and to see what types of attitudes, beliefs, and arguments that might occur
https://www.msn.com/en-us/money/mar...0-98bullish-energy-prices-e2-80-99/ar-AAYKglr ‘It’s not the best idea. It’s bullish energy prices because it’s reducing the price to the consumer. And the law of demand says they’re going to consume more if you take down the price.’ — Jeff Currie, global head of commodities research, Goldman Sachs
I have to genuinely wonder if they're bought by insiders to act this stupid in order for someone to make a killing out of their moves.
Just get a Tesla or a Chevy bolt with mass battery recall issues and don’t complain about “market value” you good for nothing peasants Or else pay that $8 per gallon gas and carry on demit! It’s so simple that California is the blueprint formula of a utopian society
The whole "buy a Tesla meme" just illustrates how certain folks aren't capable of complex thought. Just like "learn to code" completely went over the heads of simple thinkers. Accountability has just flown out the window with conservatives. There's a certain entitlement that permeates through conservative-dom, like the world isn't a complex place that is constantly evolving, but is a place where things can be frozen in time.
Oh oh I missed this thread, I can ask my question that's gone ignored in two other threads! What's the Republican plan to get inflation down that's being pushed for the midterms? Has any Republican up for election in 2022 introduced a concrete plan to get prices down? What will electing Republicans do to make my grocery store bill cheaper? I'm not even asking in jest, I genuinely want to know the plan! There has to be one right, since they are complaining so much? Here's a Democrat introduced plan I really like, that also covers things the Biden admin has already done as well as things they could do to further help- https://newdemocratcoalition.house.gov/download/new-dem-inflation-action-plan#:~:text=“The New Democrat Coalition knows,looking solutions to the problem. Is there a Republican equivalent? I'd love to know! Complaining isn't the same as policy
Unfortunately, they don't need a plan just bad mouth the other side and point fingers. It's a strategy that has worked well the past few decades.
When is this great plan going to happen by the Democrats? BIDEN’S ECONOMIC CRISIS BY THE NUMBERS: Inflation is a tax on ALL Americans. Inflation has increased every month of Joe Biden’s presidency. In March, the CPI increased by 1.2%. to an annual rate of 8.5%. March was the largest 12-month increase since the period ending December 1981. Inflation has risen dramatically since Biden took office. This massive level of inflation is not the result of a so-called “Putin price hike,” but the failed policies of President Biden and House Democrats. Due to a 40 year high level of inflation, some economists estimate that the probability of a recession in the next 12 months is as high as 70%. Real wages have decreased under Biden 9 out of the 13 months since his first full month in office. Real average hourly earnings decreased 2.7%, seasonally adjusted, from March 2021 to March 2022. Since Biden came into office, real wages have declined by over 3%. Earnings are not keeping up with inflation. Americans are paying more for just about everything because of inflation: Gas is UP 48.0% Used vehicles are UP 35.3% Hotels and motels are UP 29.0% Lodging away from home is UP 25.1% Airline fares are UP 23.6% Car and truck rentals are UP 23.4% Uncooked beef and veal are UP 20.4% Bacon is UP 18.2% Pork is UP 15.3% Fresh and frozen chicken is UP 15.1% Ham is UP 14.6% Butter is UP 14.0% Frozen fish and seafood is UP 13.9% Milk is UP 13.3% New vehicles are UP 12.5% Eggs are UP 11.2% Roasted coffee is UP 11.7% Baby food is UP 10.8% 2021 went down as the worst year for inflation since 1981.
I wonder how many working class Americans are going agree with this kind of thinking. Not very many. And with elections coming up soon. These quotes should feature prominently in anti-Democrat campaign ads over the next four months. Biden: High gas prices to last ‘as long as it takes’ for Ukraine victory American drivers will have to endure high gas prices for “as long as it takes” for Ukraine to defeat Russia’s invasion, President Biden told reporters in Spain Thursday. At the conclusion of this week’s NATO summit in Madrid, the president was asked by New York Times reporter Jim Tankersley about the surging price of oil as a result of Western sanctions on Russia in response to its Feb. 24 assault. “The war has pushed prices up. [Oil] could go as high as $200 a barrel, some analysts think,” Tankersley said. “How long is it fair to expect American drivers and drivers around the world to pay that premium for this war?” “As long as it takes,” Biden answered. “Russia cannot, in fact, defeat Ukraine and move beyond Ukraine.
Powell is Trump's hire. Him and Steve-O engineered the largest public wealth transfer to private hands in the form of taking over hundreds of billions (along with trillions in asset swaps) worth of underperforming junk bonds to baip out and juice the 2020 markets, of which a 540 billion dollar bill has come due. Good thing the TBTF Bailer Outer is Even Too Bigger Too Fookin Fail. Thanks Orange Brando? Yellen tho...insert 'old owl lady wut' meme. There is a trend. Both sides look clueless as the rich 'somehow' get richer in National Crises.
Which any objective person would realize is just timing and most of which would be happening regardless of administration.
What happened in 2020s? Covid? Where most of the world's economy were shut down? Something we haven't dealt with in modern times? I think in hindsight we pumped too much money into the system from a monetary and fiscal perspective, which is probably an overcorrection from 2007/2008 when we pumped too little into the system. However, as an upper lower middle class dude from Austin, I also got richer because I had dry powder to put to use due to prudent money management. I'm not really a big believer in nefarious, cigar smoke filled rooms where the elites pull all the levers. The rich/elites always get richer and that's just how it has always been. What I am a big believer in are supercycles, that is we had a supercycle of benign inflation for about 30 years due to globalization and monetary policy which is changing. Onshoring/bringing supply chains home is inflationary, climate change will be inflationary, less immigration is inflationary, etc.. We got a lot of inflationary trends picking up that weren't there for the last 30 years.
