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Except........
Take a look at the deficit data during Democrat presidential budgets and Republican presidential budgets since the Carter era. The biggest deficits and the biggest jumps in debt have come during the Republican terms.
So perhaps 'common sense' is not quite as sensical as you think......
I think you misunderstand. I'm for deficit and debt reduction no matter who's in office. And Borg's not a liberal, just like to poke fun.
TM
Here's me waiting for a fiscally conservative party to come along...
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Can someone have AI make that a group thing please? Add my name.
TM
And here I thought it was you waiting for you wife to stop shopping. Silly me
It’s pretty simple…
When an administration launches an attack on energy, and sends the price way up, everything will be more expensive.
Who did that again?
This was caused long before Bidens presidency but they have kicked it into high gear. If you want to be honest about it the gold backing split was the real reason inflation was started. This allowed the government to print the money coupled with the Banks being sloppy as shit and being bailed out for it and well here we are. Obviously that is a very watered down version when you take into equation actual economics, the stock market, housing, energy, commodities, GDP, Core CPI and non farm payroll.
Holymotherfuckingshit.
The broad is calling for government price controls.
What a disaster in the making.
People believe more government oversight is the answer. It is not
"People" who weren't around during the carter administration's odd/even days during the government created gas shortages.
This time around it'll be food.
Yeah, ironically calling out the "corporate greed" in groceries and food prices...?
Profit margins in the grocery store segment is the lowest of any publicly traded category. Like sub 2% margins. Complete shit, always have been.
But hey lets not look at Google, Meta, Apple, etc who run 20-40% profit margins. They need that money to send to their Dem politicians.
There are a lot of reasons for inflation...one of them that many people don't think of is the availability of debt. How much would those $100K F150's cost if people had to pay cash? How much would homes cost if people had to pay cash (or if the financing terms were far more restrictive)? How many people would be on cruise ships, or resort vacations if they couldn't put those on the credit card? How much would tuition cost if student loans weren't a thing (or heck, how much would tuition cost if student loans were risk based?) How much would big screen TV's cost...it goes on and on and on...our entire economy is propped up by debt. If we couldn't finance pretty much everything and anything, everything could cost much much less...
I wasn’t around either, and I don’t know if we actually hit a recession or not. But when it happens it will be big is all I know. Not like 2008, but much larger. Hopefully we start spending money in the right damn areas to actually curb this made up bull shit
Of course. Debt is inflation. Inflated prices are a result of excess money beyond real growth of products and services, which is a result of artificially low iinterest rates for debt that gets put into overpriced assets inflating them even more, but not in to labor, equipment, business expansion.
Greenspan really put us on this lattest terrible inflation path about 25 years ago to fix the dot com crash, give Bush cheap money for his terror wars, and set the conditions for the housing crash. Bernanke and the Obama administration said hold my beer, they bailed out the banks, made sure nobody was held to account, and doubled down on money printing with QE.
Remember that time when every dirty rat in congress didnt even blink and voted yes to shut down the economy aND print 6 trillion or whatever it was. AND people say washington is broken aND the parties cant agree on anothing. When it comes to war and money printing they get on just fine.
I think they have no way out now. It's more printing and inflation ( debt ), or recession, depression. They will keep trying to manage it by increasing and decreasing the cost of debt and keep trying to manipulate with regulations. I'm confident they will never back off and allow the real markets to work.
I hear Kamala is going to tell us all about her economic plan to grow the economy from the middle inside out to the bottom or something. Maybe she can get all the corporations to promise to stop raising their prices aND that will make inflation go away.
Bro, I like Trump but stop. He fucked us on inflation.
^^^
Well seeing as how you said so.
But I absolutely remember,
Better housing rates, and costs.
Better building material prices.
Lower fuel costs.
Lower food prices.
Lower prices for pretty much any goods and services across the board.
But hey, it's all good.
you do you.
And just for a bit of first hand info...
We purchased our last rental property in Gatlinburg right before biden took office.
Not going to say how much, but was a steal when we see what things are going for right now.
And we purchased it with a 3.2 rate.
Those days disappeared almost immediatly after.
And...
We're seeing quite a few rentals sitting empty, with for sale signs.
A good percentage of those,
"By owner".
(Trying to sell high, or dump what's not bringing in the revenue needed to cover costs, or both.
Who knows.)
Place was rockin under the previous administration.
Far less have the discretionary funds for vacations these days.
Pit Row
They call this history repeating itself. Throughout history, when nations figured out a way to stretch the currency they eventually fall. Two options are available for closure.
1. The people get smart enough to vote in a fiscally conservative president similar to Javier Milei to combat the stupidity that had carried on for far too long
2. We continue down this path of printing money and devaluing the dollar for optics which inevitably leads to failure
The Fed has a secret rule where they purposely hike the inflation rate every 34 years. If you look at the charts since they began setting interest rates in the 1920's, they sync up perfectly with times of prosperity for the middle class followed by recessions to keep them reliant on debt. It is an artificially created spike to manipulate the markets and make consumers reliant on the debt market and therefore, the Fed itself. If you google "Fed inflation rule 34" there is plenty of evidence to make it obvious to anyone without their head in the sand.
Here are some interesting charts that i had saved from about 10 years ago....
Okay, lads, take a deep breath…hold it…and release. Feel better?
It’s easy to Monday morning QB our way through the current economic situation. Is inflation high? Yes, but not historically high. Are interest rates also high? Yes, but again, not at historic levels. Prices have increased, as have wages, and the big picture analysis is not as dire as many think.
We can speculate as to where we would be today if some actions in the past were not taken. Might things be better? Possibly. Could they have been worse? Absolutely. Each Federal decision was made using a myriad of analytics, and no single decision would cure all woes.
Lastly, presidential success is often tied to metrics they cannot control, including the global economy. Conservatives forecasted the end of capitalism under Obama, and yet the economy recovered in a dynamic fashion. Meanwhile, Trump’s pro-business initiatives found early success but were thwarted by COVID. Could Trump have ignored quarantine recommendations and allowed individuals and businesses to decide for themselves? I’m sure he wanted to, but he also didn’t want to be the guy responsible for escalating mortality rates. (Plus global restrictions were already in place which would damage economic growth anyway.)
Let’s not forget: while presidents can make economic tweaks, it’s Congress and the Fed that have a greater impact. Harris might preach a socialist agenda, but she will have a difficult if not impossible challenge implementing those plans.
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