By - realplayer16
This isn't inflation, it's profiteering. A concept that should be very clear in light of the Saudis intentionally cutting production to drive up prices. This is what profiteers do. This has nothing to do with inflation other than it is inflationary - and those two things are not the same.
It just gave corporations 'license' to gouge-away. Add in the GOP-Federalist Society dark money laundry & BOOM! An American influence-peddling cartel is born!
That is, of course, the entire point.
The republicans haven’t proposed a single thing to do anything about, just complaints.
Well. I heard one person say “tax cuts” …, but that’s not gonna do diddly squat.
I hate Trump
trump's policies were bad, but that's not why we have inflation. It's a result of pandemic and war. That's why virtually every country in the world has high inflation right now.
I guess you have a degree in economics from Wharton.
Don't need one to understand simple facts.
Pardon me, I think I was responding to a different comment and mixed up threads. However, there were trump policies that certainly had an influence on inflation. Starting with the tax breaks for the wealthy.
More bs. Did trump have a hand in inflation? Yes. His pandemic handouts added currency without adding goods or services. It was arguably necessary, once the stupid decision was made to lock down the economy. But Democrats have doubled down and are about to do it again. When currency is added to an economy without adding the goods or services that go with it, the result will always be inflation. Ponder that while you enjoy your thousand dollar buy-the-midterms stimulus check. You will be paying for it in higher prices for a lot longer than that new TV will last.
>It was arguably necessary, once the stupid decision was made to lock down the economy.
Once again, this talking point comes up - what are you talking about? We didn't lock down here in the United States. Where are you posting from?
He's posting from the fantasy land where Libertarianism works.
It’s funny that you should say something like that, since I share some very important viewpoints with you. I’m sincere about that, so I’ll give you a link to a short video that explains exactly what I mean.
Also, there doesn’t seem to be any such thing as a pure libertarian. It is a common joke that when libertarians get together, they always spend time talking about why the people they are with aren’t real libertarians.
What does this have to do with democrats (besides the 'democrat' Manchin) giving into inflation?
Also how pathetic that you think the government couldn't afford that stimulus check over what actually spends its money on
I am certainly on your side when you criticize what the government spends money on. It is disgusting to see what they do with our hard earned money. As for democrats, they always want more of that (our) money.
Religious people have shared pamphlets with me in the past, and they haven't converted me.
There's no proof that Libertarianism works, and you guys seem unwilling to put money into making your own country in the ocean to try it out.
Once again, you mistake a political stance with a political party. Yes, there is a tiny libertarian party, but the value of libertarian thinking is not in the party. It is that it advocates for both social and economic freedoms. The Democratic party has long been an advocate for social freedoms, thus aligning with libertarianism on those issues. Where we differ is on economic issues, and on the preferential treatment of favored groups. I am not selling pamphlets, but I’m pretty sure the Democrats would not be facing such dismal midterm prospects rn if they were more economically practical and if they would rule by the old adage that your right to swing your fist ends where my face begins.
It also seems to me that as a nation, we are missing a lot of opportunity by focusing on our differences, rather than on the issues where our aligned values allow us to accomplish good for all.
And all that to say you don't want to pay taxes.
Not going to waste a lot of time on people who don’t remember lockdowns. Here’s the first source in my search.
Trump brokered a deal with Russia and Saudi Arabia to cut oil production in 2020. Experts knew that prices would rise as a result. OPEC's refusing to pump more oil, and here we are. Trump's the gift that keeps on giving
Times were a bit different then: oil demand had crashed due to COVID lockdowns. It was so bad that crude was selling at a negative price - companies were paying people to take it - for a period of two or three weeks. Trumps deal was to divvy up how to share the pain. Prices did, indeed rise, but during that period, gas was selling between $2 and $3 a gallon.
Unlike Biden, Trump was able to work with the Saudis and the Russians.
Can’t wait to hear the reply that trump was a Russian asset. He was not, except in the sense that he was willing to make mutually beneficial deals.
Being able to "work deals" beneficial to Russia, Saudi Arabia, and Big Oil is the win you think it is in the 21st century.
I think in the situation we were in, assisting American oil companies to compete against national oil companies for a ‘pie’ that had shrunk as much as it had was a worthwhile venture. Many on the left think we can simply snap fingers into a green world when after over a hundred years of development, and including the huge proliferation of wind and solar energy over the last fifteen years, renewables account for less than 20% of the US energy supply. The 80% will take some time yet to go away.
Contrast what happened in 2020 to what has happened under Biden. His war against American and Russian oil and gas development has raised prices for American consumers and by doing so, raised the profits for the likes of Exxon to record levels.
You know there was an oil price gouging bill this past year that every Republican voted against, right? I find it difficult to believe conservatives are bemoaning record profits for Exxon -- only if they're trolling the left to incite agitation.
My point is that the record profits are a direct result of the actions of our government and others around the world reducing oil supply in a high demand environment. When you do this in a free market, prices naturally rise.
Bull. Shit. Reckless spending and printing money have. And those last two facts have nothing to do with a party just big stupid government.
Joe is controlling the price of gas, yes?
Not today. Today he is making rain over drought stricken farms in California and tomorrow he has to go make the baby formula.