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OPINION: When will Republican voters wake up to their own oppression?


Scott

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3 hours ago, Longwood50 said:

You have an administration that is not Republican that has controlled the White House, Senate, and House for the past two years as inflation skyrocketed.  Blaming Republicans is a total misrepresentation of the facts.  
 

In terms of the expansion of Medicaid or for that matter anything else, does it never dawn on liberals that spending money no matter how noble to person thinks the cause is, CREATES INFLATION that robs everyone.  The definition of insanity is doing the same thing over and over again and expecting a different result.  You can not run multi-trillion dollar deficits and spend your way to prosperity. 
 

What should be the objective is to enhance the economy to provide good paying jobs so people can afford their own healthcare and not placing the burden of their care on those already working and paying the freight.  

This is a chart of the inflation rate.  Please note when INFLATION RAGED causing everything including housing prices and rents to skyrocket. 

image.png.20978e26d6401fd2c386cf4485f52639.png

If your analysis made sense, then inflation should still be rising as the deficit goes ever higher. Is that the case?

image.png.ab6971126ad4e58397bca51c9b31e2d0.png

Not only is has inflation gone down, but it's heading lower. You ignore the temporary effects of the covid pandemic on prices. Now that those effects are receding so is inflation. The other major cause of inflation has been the war in Ukraine. That doesn't seem to merit much attention in your analyses.

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41 minutes ago, Longwood50 said:

Oh there is no question that Trump like the presidents before him was no fiscal dove.  However this is like a snowball running down a hill.  The deficits and spending keep increasing.  As to inflation, the only thing you can say is that it was low during the Trump years.  Whether he was responsible for that or it was purely lucky, is up for debate. 
As to Biden, his spending has outstripped Trump and certainly these huge "stimulus" bills are nothing more than throwing gasoline on a fire. 

Certainly a major reason for the inflation is the huge run up in oil.  Biden and the Democrats position on oil was a significant factor in the oil price going up.  He killed the Keystone Pipeline, he cancelled some existing leases for oil exploration and placed a moratorium on signing new leases.  That told the oil markets that the USA which was a net exporter of oil would now have to purchase it and it started the spiraling of oil prices up.  Oil goes into almost every product that is produced and certainly is used for every product that has to be transported. 

 

Inflation was low for many years before Trump took office, so we may assume Trump had nothing to do with it.  https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi

 

Also, your own source shows that Biden's spending, as a fraction of GDP, has definitely not outstripped Trump.  https://assets.aseannow.com/forum/uploads/monthly_2023_01/image.png.8393d1cd5cd72380b64266667efaacd4.png

 

The crimes against oil that Biden committed (in your mind) would not have had any impact on the current price of oil; those projects were years from completion. 

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49 minutes ago, Longwood50 said:

Certainly a major reason for the inflation is the huge run up in oil.  Biden and the Democrats position on oil was a significant factor in the oil price going up.  He killed the Keystone Pipeline, he cancelled some existing leases for oil exploration and placed a moratorium on signing new leases.  That told the oil markets that the USA which was a net exporter of oil would now have to purchase it and it started the spiraling of oil prices up.  Oil goes into almost every product that is produced and certainly is used for every product that has to be transported. 

This extract from EIA report said US was still a nett exporter in 2021 contrary to your assumption. 
 

In 2021, the United States exported about 8.54 million b/d of petroleum to 176 countries and 4 U.S. territories. Crude oil exports of about 2.96 million b/d accounted for 35% of total U.S. gross petroleum exports in 2021. The resulting total net petroleum imports (imports minus exports) were about -0.06 million b/d in 2021, which means that the United States was a net petroleum exporter of 0.06 million b/d in 2021.

Edited by Eric Loh
Wrong word
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48 minutes ago, Longwood50 said:

LOL,

Oh you mean the price of oil at $75 to $80 a bargain.  Perhaps economics was not your best subject.  Of course prices of oil go down when you have a weak economy.  So are you suggesting Biden should get credit for the low prices because he tanked the economy. 

 

That is like saying the house was full of termites but he exterminated them by burning the house down.

Biden tanked the economy?

 

Another strong month of hiring would put Fed in tough spot

 

The jobs report the government will issue Friday is expected to show that December was another healthy month for hiring — a boon for those looking for work but a problem for the Federal Reserve if it persists.

Economists have forecast that employers added 200,000 jobs last month and that the unemployment rate remained at 3.7%, near a half-century low, according to the data provider FactSet.

 

https://apnews.com/article/inflation-business-jobs-and-careers-federal-reserve-system-amazoncom-inc-78943d9829087d93e9681426ca0c8ae2?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_06

 

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1 hour ago, Longwood50 said:

LOL,

Oh you mean the price of oil at $75 to $80 a bargain.  Perhaps economics was not your best subject.  Of course prices of oil go down when you have a weak economy.  So are you suggesting Biden should get credit for the low prices because he tanked the economy. 

 

That is like saying the house was full of termites but he exterminated them by burning the house down. 

 

So when oil prices go up it's Biden's fault and when they go down it's his fault. 

Edited by placeholder
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1 hour ago, ozimoron said:

Biden tanked the economy?

 

Another strong month of hiring would put Fed in tough spot

 

The jobs report the government will issue Friday is expected to show that December was another healthy month for hiring — a boon for those looking for work but a problem for the Federal Reserve if it persists.

Economists have forecast that employers added 200,000 jobs last month and that the unemployment rate remained at 3.7%, near a half-century low, according to the data provider FactSet.

 

https://apnews.com/article/inflation-business-jobs-and-careers-federal-reserve-system-amazoncom-inc-78943d9829087d93e9681426ca0c8ae2?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_06

 

Obviously, businessmen don't think the economy is tanking, as they go on recruiting more people.

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15 minutes ago, candide said:

Obviously, businessmen don't think the economy is tanking, as they go on recruiting more people.

10 miilion unfilled jobs that can be fixed by immgration reform. Wouldn't happen with a dysfunctional Republican Congress for unforeseen future. Now this can't be blame on Biden; I am sure. 

Edited by Eric Loh
wrong word
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23 minutes ago, Longwood50 said:

One other factor that you overlook with the price of oil.  Yes it has declined.  However oil is pegged predominately to the USD.  As dollars weaken the price of oil and gold rise to offset.  The reverse is true when dollars strengthen.  That is the major reason for the price of oil declining.  The dollar strengthened by 12% in 2022.  at $100 that is a $12 decrease in the price of oil.  Again should Biden get credit for that.  Only if you favor the ridiculous spending that fueled inflation and caused the Federal Reserve to boost interest rates making U.S. dollars more attractive to investors. 



image.png.e91394eccd7d612a83e9eac70e4645e2.png

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So has the price of oil risen as the dollar has recently fallen? The dollar began its precipitous decline on Nov 4. Oddly enough, so did the price of oil.

image.png.36eabc72476321fe5662a08441e6e912.png

 

Here are crude oil prices

image.png.0c9ac0304ad9c6f93c33a452257cddfe.png

 

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5 hours ago, Longwood50 said:

Yes Biden tanked the economy.  Don't you remember you were the one who hailed his trillion dollar spending to "save" those poor businesses that were suffering.  Why were they suffering?  Because the Democrats spearheaded by Biden shut down the economy with mask mandates, quarantines, restricted hours, social distancing mandates, etc.  

In April 2020, the unemployment rate reached 14.8%—the highest rate observed since data collection began in 1948. In July 2021, unemployment remained higher (5.4%) than it had been in February 2020 (3.5%).  The labor force participation rate declined to 60.2% in April 2020—a level not seen since the early 1970s—then began a partial recovery in May 2020. The labor force participation rate was 61.7% in July 2021, 1.7 percentage points below the level in January 2020, before the pandemic and the economic recession.  Nonfarm payrolls shed 22.1 million jobs between January 2020 and April 2020, with employment declining to 86% of its pre-recession level. In July 2021,
aggregate employment remained 5.4 million jobs below its pre-recession level.  The COVID-19 pandemic has impacted economic sectors disparately. The leisure and hospitality sector lost the largest number of jobs since January 2020, and persons last employed in this sector have consistently exhibited some of the highest unemployment rates throughout the pandemic. Additionally, the education and services sector and the government sector have exhibited the second and third-largest losses in jobs since January 2020, despite relatively low unemployment rates among persons last employed in these sectors.



Now you can say Biden was not responsible for Covid.  BUT HIS RESPONSE TO IT IS WHAT CRATERED THE ECONOMY.  Real GDP FELL 3.4% in 2020.  

One other factor that you overlook with the price of oil.  Yes it has declined.  However oil is pegged predominately to the USD.  As dollars weaken the price of oil and gold rise to offset.  The reverse is true when dollars strengthen.  That is the major reason for the price of oil declining.  The dollar strengthened by 12% in 2022.  at $100 that is a $12 decrease in the price of oil.  Again should Biden get credit for that.  Only if you favor the ridiculous spending that fueled inflation and caused the Federal Reserve to boost interest rates making U.S. dollars more attractive to investors. 



image.png.e91394eccd7d612a83e9eac70e4645e2.png

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"Now you can say Biden was not responsible for Covid.  BUT HIS RESPONSE TO IT IS WHAT CRATERED THE ECONOMY.  Real GDP FELL 3.4% in 2020."

 

Wow!

 

Pop quiz:  Who was President in 2020?

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1 minute ago, vandeventer said:

I hope the jails will be large enough to hold all these Woke Dems, when the new house swings into action!

A phone box should do it. Why aren't any of them charged yet? Why have dozens of Trumps associates been charged or sanctioned for legal misconduct?

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24 minutes ago, placeholder said:

I believe the same predictions were being made when William Barr became attorney general. And similar predictions were being made for the Durham investigation read the Justice department. Of course those predictions at least were based on the correct understanding that it's a justice department that pursues criminal investigations, not the legislative branch of government. You might try to get at least barely acquainted with the Constitution.

Interesting, so who investigates the leaders of the Justice department and the leaders of the FBI when it needs a criminal investigation done on them?

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1 hour ago, placeholder said:

Where have you been the last 4 years? A special counsel gets appointed. One such person was John Durham who was appointed by William Barr. They were both skeptical of the Inspector General's report saying there was no corruption involved on the part of the Justice Dept in the investigation of Trump. So Durham spent about 3 years trying to dig up incriminating stuff on agents of the FBI and other employees of the Justice Dept.  He came up virtually empty. He failed in 2 trials and succeeded in a third using the evidence provided by the Inspector General to convict a low level employee on a minor charge.

https://en.wikipedia.org/wiki/John_Durham

We will just have to wait and see..

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