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It's a matter of Bidenomics!

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Jun 28, 2023.

  1. astros123

    astros123 Member

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    Insanity. California is just committing suicide
     
  2. Os Trigonum

    Os Trigonum Contributing Member
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  3. Space Ghost

    Space Ghost Contributing Member

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    At the rate California is going, it will have the first trillion dollar deficit by 2035.

    States should not be allowed to carry continuous deficits.
     
  4. adoo

    adoo Member

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  5. adoo

    adoo Member

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    you need to heed Abe Lincoln's sage words

    [​IMG]
     
  6. Os Trigonum

    Os Trigonum Contributing Member
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    dude literally said "Insanity. California is just committing suicide"
     
    #2386 Os Trigonum, May 28, 2024
    Last edited: May 28, 2024
  7. NewRoxFan

    NewRoxFan Contributing Member

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  8. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    The monetary base has increased 70% since 2019 -- any asset denominated in dollars is going to require more dollars to buy it... including US-listed stocks... real estate... commodities... it's very simple. The reason the monetary base has increased is because of deficit spending (government spending exceeds tax receipts) and absurd levels of government fiscal stimulus -- much of which STILL hasn't entered the economy.

    This scares me because it would take a massive reduction in demand to break this inflationary cycle...

    Sadly, wages have not even come close to keeping up with the cost increases of food and housing... Which has pinched the lower and middle classes... and the reason they feel poorer today than under Trump.
     
    Corrosion likes this.
  9. adoo

    adoo Member

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    [​IMG].​
    as you no idea what you're talking about!
     
  10. astros123

    astros123 Member

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    wages have far surpassed inflation for years now. There's literally not a single thing you say on these forums that's ever true. What a lying piece of garbage human being. I've never seen anyone who lies as much as you do for a living.

    What a sad pathetic life you right wingers have. Imagine having to lie non stop just to feel good about yourself
     
  11. astros123

    astros123 Member

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    He does this in every thread. He does nothing other than spew lies and conspiracies which he knows are false. He's a pathetic human being with no morals or values
     
  12. NewRoxFan

    NewRoxFan Contributing Member

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  13. adoo

    adoo Member

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    just the opposite is true.

    for the education of Traitor George, the Fed has been QT ing (tightening the money supply) since 2020/2021, or as Invisible Fan would parrot "wrecking its balance sheet"


    wrong again, one can buy dollars with any other currency, gold, or even cryptos.

    just like Invisible, you're confused, all mixed up.

    for the education of Traitor George,
    • Government spending / tax policies are is the result of Congress' actions / policies
    • the money in circulation is controlled by the Federal Reserve
    they are separate and distinct.



    btw, when Trump admin was more heavily into deficit spending, you didn't complain. why now?

    • when Trump was fired as POTUS, the debt level was >40% higher than when he was hired
    • with 8 more months to go in his first term as POTUS, the debt level under Biden , so far, has increased 16%
     
  14. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    For those struggling to keep up... (adoo, you are just not even close to being able to debate this -- you are lost and way behind, tbh)

    The CPI-U (inflation in urban areas) is up almost 30% under Biden. Wages most assuredly are NOT up 30% since 2019 for urban Americans.
    https://fred.stlouisfed.org/series/CPIAUCSL


    The monetary base is up 70% since 2019. Information at the link below.
    https://fred.stlouisfed.org/series/BOGMBASE/

    Trump is the inflation buster that lower and middle class Americans need.
    Under Trump life was far more affordable.
     
  15. HTM

    HTM Member

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    Cost is the most pressing issue amongst voters. Who knew. I was told the unemployment numbers and stock market were more important.
     
  16. astros123

    astros123 Member

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    The largest expansion of m1 supply happened in 2020 while trump was president. We printed more money in 2020 than we have in other year but somehow trump is the inflation buster lol

    What a utter dumbass you are. You find new ways to embarrass yourself every day
     
  17. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    Hold up, you are aware that M1 is not the monetary base, correct? Correct? LMAO

    COVID happened in 2020 -- and the Democratic-controlled states response to it shut down the economy for a prolonged period of time. THAT is what drove the Fed's decision to print money. Not Trump. You are so far behind here.... Study up before you step up to the plate, rookie! This is just too easy...
     
  18. astros123

    astros123 Member

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    "Democratic states shut down the economy" Donald trump ordered a shut down of the country. No matter how much you dipshits lie you can not rewrite history. Trump ordered a shut down of the country. Joe biden did not order a shut down you fraud.

    I never said M1 is the monetary base you moron. I said the most money printing happened under trump. Trump + covid caused inflation you lying fraud

    "This is too easy" lol you have never won an argument vs me.
     
  19. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    What an outright lie. Shameless.

    Trump sent the issue to the states, and they had RADICALLY different responses. Florida and Texas were open for business quickly, whereas the Northeast stayed closed for months and months. You are lost, rookie. Very lost. Your credibility has never been lower than right now.
     
  20. astros123

    astros123 Member

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    ... lol what the **** are you talking about. Donald trump agreed to support an unprecedented 15‐day national shutdown of nonessential activity throughout the country. Do you not have any shame in lying NON STOP


    trump https://www.modernhealthcare.com/government/trump-calls-shutdown-until-april-30
     

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