INFLATION: Who Do You Blame?
- Thread starter What Would Jesus Do?
- Start date
Alright, I'll do your homework for you. When I find it though are you willing to post " I, ericam, am a f.ucking idiot for not being able to search for something so simple"?
It really blows my mind how people can think COVID was not "as bad" as the media or politicians wanted you to believe. It was a BFD domestically and globally. We lost almost 100K people in Florida alone. I mean, no it was not the end of the world like The Stand, but it killed a lot of people and made a lot of people sick, unproductive.
Wait, I leave for two months and you and bins are dating now?
Since most of the world has experienced inflation (most much worse than the US) I'd would guess it's because of COVID.
Corporate profiteering
So repubs, either Biden is a Big Corporate dem or the policies of the Tump admin opened the doors for corps to **** consumers in the ass.
Also on the linked page
Number of full-time employed men in the United States from 1990 to 2023
interesting numbers '15-'23
Already responded what I think it is, but looking at the votes, this board is full of partisan idiots on both sides. That’s right, I said BOTH SIDES.
Corporate profiteering as that’s already well established but a few additional factors as well:
Russian invasion of Ukraine
OPEC limiting oil production
World economy is still slowly emerging from the pandemic and its effects.
Things will get better assuming we are steadfast and firm and hold our ground on Russia’s criminal actions. If there’s one thing that economic stability cannot tolerate is the uncertainties that wars create. If Russia prevails we’ll pay dearly for it for many, many years.
Russian invasion of Ukraine
OPEC limiting oil production
World economy is still slowly emerging from the pandemic and its effects.
Things will get better assuming we are steadfast and firm and hold our ground on Russia’s criminal actions. If there’s one thing that economic stability cannot tolerate is the uncertainties that wars create. If Russia prevails we’ll pay dearly for it for many, many years.
It started when everything was shut down for far too long. Then (IMO) Trump started handing out money in stimulus checks to buy a few votes. Then when Biden got in office, he spent the first month signing executive order after executive order undoing everything, including shutting off future development of future crude oil refineries (which the companies had taken out huge loans for), which caused anything make with crude oil chemicals (which the list is huge) to skyrocket in pricing. Lastly the Green New Deal threw gas on the whole mess.
In Q4 2019 corporate profits were 2.5 trillion.
4 years later the Fed's balance sheet is 100% bigger and corporate profits are... 25% larger in nominal terms.
'Good news' is that the Fed has been trying to run down that balance sheet, so we won't see corporate profits double in nominal terms in the next few years.
Is this Econ 101, or Econ 102? Asking for OP and his mom who got a taste of my inflation.
You are correct.
Remember Biden came out and said he was going after big oil. He said he was going to make things miserable for them. Well the users of crude had not priced their usage out for the next year or so. They anticipated a stable to lower crude prices for the next year.
Biden blew this up. The users had to go out and get some costs covered in a damn hurry.
The only problem was the producers of crude knew it also and there was nobody to buy from. So up go prices.
Biden is not a businessman in any sort.
Edit: Somebody in his administration should have stopped Biden from giving that speech.
Why don’t you hear about it. This banned SNL short explains why
Conspiracy Theory Rock: The Schoolhouse Rock Parody Saturday Night Live May Have Censored
Disney, Viacom, Time Warner, and CBS.) Another “Illusion of Choice” infographic from last year documents how “ten huge corporations control the production of almost everything the average person buys.” Are these webs of corporate connection kooky conspiracy theories or genuine cause for alarm?
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Why do you bother? These numpties have received their marching orders and are sticking to them. There is no explaining it.
El oh ****ing el. It’s no wonder why Biden eliminated all those tariffs. Oh, wait.
I personally believe those numbers are a bit skewed but that’s my opinion and I may be wrong.
What do you believe about the other part of my question about Covid. Do you think someone or something was behind Covid or was it just something that came up out of nowhere.
Honestly this is a situation where I don't really blame anybody and I mean that seriously. We gave out tons of money during COVID. There was bipartisan support for it and there was always going to be reckoning for that choice. The US is doing better than the rest of the world dealing with it which is kind of all you can ask.
