Increase energy production, stop fighting energy development, and signal the government will be friendly to fossil fuels and its development in the future.
We are a consumer economy and people are still buying even with rising prices. That will continue until people stop buying. Lowering prices when there is heavy demand is counter to basic economics. Buying of discretionary items will eventually slow as prices rise. Retailers are already starting to see this a bit.
From what I've been reading it's going to take some stark action by the Fed....bigger bumps to the interest rate. Which means recession and a bump in unemployment....which means they'll keep with the small bumps and inflation will persist.
Yes the stores are likely intentionally causing shortages as well. Price gouging has been going on for over a year. Republicans don’t want Biden and Warren to stop the gouging.
How about being honest with the American people? When you say fighting inflation is your number one priority, but you are pushing for initiatives like student loan debt forgiveness and Build Back Better. Manchin shut that down, not because he didn’t like a lot of it, but because of inflation. He could see all this coming last fall. We need someone like him running the country. Not the current or previous guy.
Derp.
This doesn't address the problem. Reducing the deficit is one thing Biden has been highly successful with, at least.
Energy is going to have to be a mix (wind, solar, nuclear, fossil, etc). We need the EO's that were signed day 1 to be reversed and let American mfg's keep pumping oil (our companies do it cleaner than anyone else). After we get the inflation under control and we re-establish being independent for fuels, then we start blending in the other means of energy.
I can see how increasing energy production would help, but we'd have to make up the difference of what Russia is not providing and what OPEC is doing. I suppose getting them to increase production could help, but it doesn't seem that they are reacting to the same methods they have in the past. Probably because Saudi Arabia knows that if the US withdrew it's military presence China would be more than happy to move in and take over the country's defense. We don't have the leverage with them that we used to have.
Your post would have been good if you could have resisted putting that pointless last line to it.
In his first State of the Union address, President Joe Biden stated that he would be "the only president ever to cut the deficit by more than one trillion dollars in a single year" and that "by the end of this year, the deficit will be down to less than half what it was" before he took office. While the President's math is accurate, his claims of credit for reducing the deficit are misplaced and lack important context.
So 1 line (truthful line) is going to deter you? Sad for you.
This doesn't address the problem. Reducing the deficit is one thing Biden has been highly successful with, at least.
Yes it does.
His first deficit was 1.4 trillion, down from Pelosi-Schumer-Trump 4.2 trillion in new debt in the FY’19-‘20, it this FY they frontloaded 1.1 trillion in new debt in the first quarter and another .7 trillion in new debt in the second quarter, so they could avoid raising debt in the 3rd quarter and send out misleading tweets about ‘paying down the debt’.
That line was a political pot shot. Yes, it ruined your response, which up until that time was a constructive response.
As did yours then. Congratulations. Sorry the truth hurts, but hey go ahead and find your safe space and coddle yourself.
You have a weird idea of what a pot shot is.
Biden wants high energy prices in order to accelerate the move to EVs. He's already let that slip out. Anything else he says is a lie. He doesn't care about common people.
Please drop out of this thread. You’re in over your head.
Is that just credit cards?Derp.
The lower 90% fall deeper into debt trying just to consume at the rate they had, while the top 10% see their assets rise and the inflation hastens the wealth disparity.
Inflation is a society wrecking policy.
Biden needs to sit back and allow for natural market forces to move buyers to EV vehicles. That will happen albeit at a slower pace than many desire.
I wonder on the revolving credit chart how much of that is HELOCs (and home equity loans on the other chart) and people funding lifestyles with rising home equity.Total consumer debt.
Where were you in the January 6th thread? Post when the next migrant caravan is about to invade.
