Total posts: 28,020
Too bad unemployment numbers don't always translate to less scarce goods. Shit jobs are counted the same as a normal job using only "employment" data.
4 key facts:
1) Wage increases across the board, regardless of employment numbers, lagged behind inflation, and haven't fully compensated for the losses.
2) Prices across the board (yes, there are things other than "eggs") are still way over the 2020 norm. (19% to be exact)
3) Biden's "inflation tax" hit the poor much harder than middle-class America.
4) Biden is at 37% job approval rating, with 1 in 4 registered Democrats upset with Biden.
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He is most definitely my favorite comedian and favorite contrarian. The fact that he could also reach partisan sheep and make them laugh is a testament to his genius, essentially making the crowd laugh at their own stupidity.
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Too bad the next election will be in 2024, not 2020. It's too late to be great again. The 2024 people now have things other than mean tweets to worry about. Like paying for basic food and fighting a government that wants to take it all away and hand it to illegal invaders, Ukraine, and Israel.
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@FLRW
Lol, low effort trolling isn't going to help Biden's 37% job approval rating. But keep up the good fight anyway.
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@Double_R
Had Biden not done that the recession would have only been prolonged, which would have resulted in the need to print more money anyway so the inflationary impact of that decision (however impactful it was) was inevitable regardless of what he did.
Inevitable? Wow. And this is why people dream to make America great again, when the government didn't spike prices up by printing money as a fix for a supply/demand market correction.
A recession is a function of supply and demand. Increasing the money supply by, say, $10 trillion only introduces $10 trillion more into the economy. It doesn't magically conjure $10 trillion worth of goods. More dollars chasing the same amount of goods would cause prices to spike in a major way without affecting the supply issues that caused the recession...
Bottom line is, no government can print money to get out of a recession or downturn. The deeper reason for this is that money is really a facilitator of exchange between people, a middleman in a trade. Money is not a substitute for actual production. Just look at all the historically failed countries that tried to do this. https://www.sofi.com/learn/content/worst-cases-hyperinflation-history/
Inevitable? God save the USA from demagogues and propaganda.
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@Double_R
I also talked about how even if I grant you that US government spending was in fact the catalyst, that all you guys want to point to is the third stimulus payment and not the first two, which is again, brazenly dishonest.
Let's look at the charts. When Biden passed his 3rd round, inflation was climbing slowly. So Biden KNEW there was an inflation problem, yet spent the money anyway. The result was an immediate spike to 8% inflation over the following months. So blame Biden? You betcha. If he didn't know better, his advisors should have. To excuse the behavior is to ask for more of the same. America cannot afford to be so naive. There's a huge difference between 4% and 8% inflation. Lots of poor people got a serious shaft over this. Was Trump bad? Yeah. Was Biden a lot worse? Absolutely.
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@Double_R
But yeah, let's sit here and debate what global means.
I am sure you know what a partisan narrative is. When people in power claim a problem is global when it really is not, it's up to the media to challenge those in power, not perpetuate the propaganda. There was a clear difference in monetary policy between the countries that had 8% inflation in 2021 and the policies of countries that experienced 3%. To obfuscate those bad policies by claiming it was just a "global problem" is like blaming the devil for your own sins. What's worse is that we never get to learn from the monetary policies that actually worked so that the cycle might not repeat in the future.
This is 3rd grade stuff.
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That is great news.
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That is great news.
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@Barney
Well, if you have a problem deciding what day of the week it is, then you aint Black.
-Biden (allegedly)
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@sadolite
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@FLRW
I hope he has a good therapist. I still like Baldwin for having the guts to replicate Trump's shooting someone. I doubt Johnson would be able to top that. Baldwin is the best method actor by a mile.
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@Sidewalker
That is great news.
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@Best.Korea
Japan, but only if you are Japanese.
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after they eradicate native america.
We are already being eradicated. No help needed.
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@Best.Korea
Actually, most of the people who are bright or rich want to come to a USA.
Well, maybe they don't test well.
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But a black man breaking into kill Democracy....
Yes, he was going to kill Democracy by breaking inside of Democracy.
Fill the Jails...FTJ
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Reported for unwarranted Adhom.
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@FLRW
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@FLRW
Well I guess Trump was right, they are not sending their best and brightest...
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@Double_R
I'm not going to sit here and debate with you what "global" means
Then why claim it? Unless you are determined to indulge your confirmation bias....
Fact is, according to the chart you posted, most of the world by population had sound monetary policies to compensate for Covid. It's only the EU and USA that are the global outliers with the failed monetary policies.
But go ahead and blame it on Covid again, see if it works this time. As if that 3rd round of spending had no effect at all....
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The fact that you can cherry pick a list of countries that weren't as badly affected does not mean it wasn't a global issue.
Nope, seems like you are cherry-picking USA and EU inflation rates and then claiming it's a "global" problem...
Regardless, as you don't seem to care about the other major countries (you know...ones with a billion people in it) globally that had around 3% inflation over the same period, (those inconvenient countries at the bottom of the chart you posted who are not tied to the US dollar also conveniently), it's clear USA was way worse off than most countries due to the severe lack of austerity measures and ridiculous monetary policies.
But it's not surprising a straight white male would take a Eurocentric view and extrapolate that as a "global" trend. Par for the course.
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@FLRW
Thank you sir, High IQ people need to stick together here to save democracy.
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@FLRW
A better idea is to tax Republicans at 92% and then use that money to help struggling Democrats. Those that cannot pay are enemies to Democracy and should rot in jail.
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Looks like we will be forced to suffer low prices again since Biden's approval is around 40%
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@Sidewalker
We have to jail them all to save democracy.
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So funny to see people praising Republicans even if the source is from a far-left Billionaire.
I think all Republicans are beyond redemption myself.
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@FLRW
Parodies are funny, impersonations are weird.
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@Double_R
Do you not realize that inflation was a global problem,
It wasn't. Would you like the list of countries that did not experience 8 percent inflation?
...1 under Biden, and yet you've managed to convince yourself that the one under Biden is what caused the inflation
I think he was saying it was unnecessary, and exacerbated and prolonged the inflation.
I am sure you will have to agree with that.
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@Double_R
So you agree with my OP. Fill the jails. That's how you save democracy.
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@HistoryBuff
no, you are comparing treasonous attempted overthrow of the government to vandalism.
Anything can be defined as an attempted overthrow of the government in the eyes of an elected official. Including the removal of a police barricade. Or making a funny movie about the trans agenda. It just takes the right amount of money to make it happen.
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@ebuc
How dare you praise the Orange Torus.
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@FLRW
Or you could just raise taxes to 92%....or even more!
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@FLRW
Do you think Biden was right to order a 3rd round of stimulus?
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@HistoryBuff
But since republicans like to pretend like it was somehow Biden that caused the inflation and not trump, I feel it is necessary to point that this is not the case.
Do you think Biden was right to order a 3rd round of stimulus?
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you are comparing burning down a building to trying to overthrow democracy.
No, I was comparing burning down a Wendy's with removing a police barrier. One is worth 17 years, the other is a 500 dollar fine.
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@ILikePie5
If Biden was president in 2020, I can only imagine the magnanimous bill the Congress would have asked him to sign.
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@HistoryBuff
What's kind of funny is that before inflation, Democrats and the media regularly trashed Trump for not spending enough. Some of the plans proposed by a Democrat Congress would have near doubled what Trump spent. That would have been hilarious to live through. Careful what you wish for.
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@HistoryBuff
I am just stating you don't need to be afraid of all of the law. Just the parts that would have your elected officials brand you a traitor. Especially if they know you voted the wrong way.
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@ILikePie5
Under Trump, inflation was stable at around 2-3% until COVID...
To be fair, Trump did set the stage for inflation, Biden just managed to hit it out of the park with his massive corporate giveaway BBB spending stimulus.
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@HistoryBuff
I do fear breaking the law.
Get a friendlier DA then, I suppose. One that selectively applies the law depending on how you vote. Then you can enjoy life to the fullest.
You can also ask one of the million illegal invaders how to deal with your fear of the law. They will help you get over that fear.
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@HistoryBuff
i mean, you are talking about a good thing, but I suspect you are trying to make it sound bad.
There are no perfect solutions, only trade-offs.
People need to know that if you try to destroy democracy, there is a price to be paid.
Correct. If the people no longer fear the government, then there is no government. True democracy requires constant fear and swift retribution.
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@FLRW
Expect more of the same. And overflowing jails full of Maga scum.
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@FLRW
My apologies, I retract my personal insult towards you.
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@FLRW
Why stop at 92%?
You don't seem very committed to the cause.
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@HistoryBuff
The man took part in an attempt to overthrow democracy,
Exactly. More of the same. I suspect the jails will be overflowing by election day.
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