Popular Post heybruce Posted November 7, 2023 Popular Post Share Posted November 7, 2023 (edited) 8 hours ago, MrPancake said: US and UK had the highest inflation at 10%. My point was that it has nothing to do with a lack of oil or energy in general. It is the consequences of expensive and uneffective policies as well as geopolitical bs. As for Trump, he is a loser just like Biden imo. Take another look at your graph. The US is the pink line, and it peaked below the UK and the Euro zone. Inflation was the result of lots of stimulus money provided by both the Trump and Biden administrations (demand driven inflation) and supply chain hang-ups (supply driven inflation). The supply chain problems have been somewhat resolved, and the stimulus money is what kept the economy growing. If you want to prove me wrong you could start by stating which Biden policies have driven inflation and how. Us sources, correctly this time. Edited November 7, 2023 by heybruce 2 2 Link to comment Share on other sites More sharing options...
MrPancake Posted November 7, 2023 Share Posted November 7, 2023 (edited) 6 hours ago, placeholder said: What don't you understand that virtually the entire was afflicted with inflation following the covid pandemic? Is that Joe Biden's fault? Or that the United States is doing far better than the other major economically developed nations an most of the lesser ones too? If you're claiming that the inflation is Biden's fault, then shouldn't he get credit for the faster pace of the recovery, too? The only major nation that isn't suffering from inflation is China and their economy is a mess. You should read what people write before answering... 1) I don't blame solely Biden. Trump is the same kind of loser. 2) Covid isn't responsible for inflation. Inflation started prior to the pandemic. 3) The US economy isn't doing well. Just look at the S&P valuations. Before inflation all major companies were overpriced, after inflation peak same same. The US economy is stagnant. 4) Even if the american economy was doing well, it wouldn't me the inequality & poverty problems are solved. Inflation is the result of years of mismanagement by the so called "elites" as well as increased geopolitical tensions messing up supply chains. Edited November 7, 2023 by MrPancake 2 Link to comment Share on other sites More sharing options...
heybruce Posted November 7, 2023 Share Posted November 7, 2023 1 minute ago, MrPancake said: You should read what people write before answering... 1) I don't blame solely Biden. Trump is the same kind of loser. 2) Covid isn't responsible for inflation. Inflation started prior to the pandemic. 3) The US economy isn't doing well. Just look at the S&P valuations. 4) Even if the american economy was doing well, it wouldn't me the inequality & poverty problems are solved. Inflation is the result of years of mismanagement by those idiots in the WH. "Covid isn't responsible for inflation. Inflation started prior to the pandemic." Wrong again. https://www.usinflationcalculator.com/inflation/current-inflation-rates/ 1 1 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted November 7, 2023 Popular Post Share Posted November 7, 2023 8 minutes ago, MrPancake said: You should read what people write before answering... 2) Covid isn't responsible for inflation. Inflation started prior to the pandemic. Really? https://tradingeconomics.com/united-states/inflation-cpi 1 1 3 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted November 7, 2023 Popular Post Share Posted November 7, 2023 10 minutes ago, MrPancake said: Y 3) The US economy isn't doing well. Just look at the S&P valuations. Before inflation all major companies were overpriced, after inflation peak same same. The US economy is stagnant. You are confusing the stock market with the economy https://tradingeconomics.com/united-states/gdp https://tradingeconomics.com/united-states/unemployment-rate what Ohh OK. https://www.marketwatch.com/story/job-openings-creep-up-to-9-6-million-still-lots-of-demand-for-labor-7771c66a 1 1 2 Link to comment Share on other sites More sharing options...
Popular Post candide Posted November 7, 2023 Popular Post Share Posted November 7, 2023 (edited) 32 minutes ago, MrPancake said: You should read what people write before answering... 1) I don't blame solely Biden. Trump is the same kind of loser. 2) Covid isn't responsible for inflation. Inflation started prior to the pandemic. 3) The US economy isn't doing well. Just look at the S&P valuations. Before inflation all major companies were overpriced, after inflation peak same same. The US economy is stagnant. 4) Even if the american economy was doing well, it wouldn't me the inequality & poverty problems are solved. Inflation is the result of years of mismanagement by the so called "elites" as well as increased geopolitical tensions messing up supply chains. You've been proven wrong about most of your claims in several posts. Why don't you check data and information before making assertions? Edited November 7, 2023 by candide 1 1 1 Link to comment Share on other sites More sharing options...
MrPancake Posted November 7, 2023 Share Posted November 7, 2023 (edited) 39 minutes ago, heybruce said: If you want to prove me wrong you could start by stating which Biden policies have driven inflation and how. Us sources, correctly this time. Biden's Rescue Plan has been responsible for 25% to 50% of total inflation according to various economists. You want sources? Google is your friend ! Edited November 7, 2023 by MrPancake 1 Link to comment Share on other sites More sharing options...
Popular Post pomchop Posted November 7, 2023 Popular Post Share Posted November 7, 2023 notice this little tidbit that amazingly seems to be left out of the reporting on the new poll showing trump leading in swing states... .#1 the poll was among registered voters, not likely voters. #2 when asked who they would choose IF trump is convicted/sentenced of a felony the numbers flip to Biden. A lot of very poor reporting IMO that ignores these two very key factors to the polling....and this poor reporting seems to be coming more from main stream media and of course you will never hear this even mentioned on the right wing media. If the former president is convicted and sentenced — as many of his allies expect him to be in the Jan. 6-related trial held next year in Washington, D.C. — around 6 percent of voters across Arizona, Georgia, Michigan, Nevada, Pennsylvania and Wisconsin say they would switch their votes to Mr. Biden. That would be enough, potentially, to decide the election. 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post scorecard Posted November 7, 2023 Popular Post Share Posted November 7, 2023 On 11/6/2023 at 8:25 AM, thaibeachlovers said: As long as they keep bringing charges against Trump in an election year he's only going to get more likely to win, given most Americans are capable of understanding politically driven prosecutions when they see them Not so sure about that, seems to me many are well aware of many laws and the good reasons for those laws and know that breaking those laws should bring serious punishment. Or are Americans really that uninformed and that dumb? 3 Link to comment Share on other sites More sharing options...
scorecard Posted November 7, 2023 Share Posted November 7, 2023 On 11/6/2023 at 8:43 AM, thaibeachlovers said: I never wanted Trump to stand at all, till the opposition started with the political persecution. Now I want him to win and get revenge on all of them. Oh really, political persecution. So you believe he's not actually broken any laws? 1 1 Link to comment Share on other sites More sharing options...
MrPancake Posted November 7, 2023 Share Posted November 7, 2023 42 minutes ago, heybruce said: "Covid isn't responsible for inflation. Inflation started prior to the pandemic." Wrong again. https://www.usinflationcalculator.com/inflation/current-inflation-rates/ No, I'm right. Before the COVID-19 pandemic, there were specific areas within the economy where inflation was showing signs of increase or was notably higher. While overall inflation rates in many countries were relatively stable or modest, certain sectors or components within the economy experienced more noticeable inflationary pressures. 1. Housing Costs: In many places, housing costs, including rent and home prices, were rising at a faster rate than general inflation. This increase was particularly evident in certain urban areas, leading to concerns about housing affordability. 2. Healthcare: Healthcare costs, including insurance premiums, medical services, and prescription drugs, were experiencing inflation rates higher than the average. This was a concern for many people, especially in countries without universal healthcare systems. 3. Education: The cost of education, including college tuition and related expenses, was rising faster than general inflation. 4. Certain Consumer Goods: Prices for certain consumer goods or services, like specific types of food, energy, or specific technological products, experienced higher inflation rates compared to the general inflation trend. 2 Link to comment Share on other sites More sharing options...
MrPancake Posted November 7, 2023 Share Posted November 7, 2023 37 minutes ago, placeholder said: Really? https://tradingeconomics.com/united-states/inflation-cpi 1 Link to comment Share on other sites More sharing options...
Felton Jarvis Posted November 7, 2023 Share Posted November 7, 2023 Hopefully, Trump will be locked up. It won't matter who is ahead or who wins, since he can't serve from prison. 1 Link to comment Share on other sites More sharing options...
Danderman123 Posted November 7, 2023 Share Posted November 7, 2023 1 minute ago, Felton Jarvis said: Hopefully, Trump will be locked up. It won't matter who is ahead or who wins, since he can't serve from prison. Why not? Link to comment Share on other sites More sharing options...
MrPancake Posted November 7, 2023 Share Posted November 7, 2023 30 minutes ago, placeholder said: You are confusing the stock market with the economy https://tradingeconomics.com/united-states/gdp https://tradingeconomics.com/united-states/unemployment-rate what Ohh OK. https://www.marketwatch.com/story/job-openings-creep-up-to-9-6-million-still-lots-of-demand-for-labor-7771c66a Low unemployment has nothing to do with better work conditions for workers, especially in the US. 1 1 Link to comment Share on other sites More sharing options...
Popular Post MrPancake Posted November 7, 2023 Popular Post Share Posted November 7, 2023 21 minutes ago, candide said: You've been proven wrong about most of your claims in several posts. Why don't you check data and information before making assertions? No I haven't. Those guys are cherry picking the data that suits their narrative. Biden is a loser. Inflation was making life very hard for poor people before covid. Biden's spendings is responsible for 25 to 50% of the inflation since his rescue plan. Period. 1 4 Link to comment Share on other sites More sharing options...
Popular Post bignok Posted November 7, 2023 Popular Post Share Posted November 7, 2023 3 minutes ago, Felton Jarvis said: Hopefully, Trump will be locked up. It won't matter who is ahead or who wins, since he can't serve from prison. Yes he can. He can pardon himself. 1 2 Link to comment Share on other sites More sharing options...
Popular Post pomchop Posted November 7, 2023 Popular Post Share Posted November 7, 2023 20 minutes ago, MrPancake said: Biden's Rescue Plan has been responsible for 25% to 50% of total inflation according to various economists. You want sources? Google is your friend ! Straight from "americans for prosperity" website...that totally unbiased site of the Koch brothers..."some" economists....gee i have "some" Thai gals that tell me i am handsome as brad pitt so i guess that proves that. After the 2009 inauguration of President Barack Obama, AFP helped transform the Tea Party movement into a political force. It organized significant opposition to Obama administration initiatives such as global warming regulation, the Patient Protection and Affordable Care Act, the expansion of Medicaid, and economic stimulus. It helped turn back cap and trade, the major environmental proposal of Obama's first term. AFP advocated for limits on the collective bargaining rights of public-sector trade unions and for right-to-work laws and opposed raising the federal minimum wage. AFP played an active role in achieving the Republican majority in the House of Representatives in 2010 and in the Senate in 2014. 1 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted November 7, 2023 Popular Post Share Posted November 7, 2023 3 minutes ago, MrPancake said: No I haven't. Those guys are cherry picking the data that suits their narrative. Biden is a loser. Inflation was making life very hard for poor people before covid. Biden's spendings is responsible for 25 to 50% of the inflation since his rescue plan. Period. Was Biden's spending responsible for the even higher inflation that took place in most other industrialized nations? Is it also responsible for the fact that it's decline faster in the USA? How does that work? Sensible people would try to find a common cause for the nearly worldwide spike in inflation. 3 1 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted November 7, 2023 Popular Post Share Posted November 7, 2023 8 minutes ago, MrPancake said: Low unemployment has nothing to do with better work conditions for workers, especially in the US. Now you're switching to work conditions? The fact is that the people whose wages have increased most quickly are those in the bottom 10% of workers. 1 1 1 Link to comment Share on other sites More sharing options...
Felton Jarvis Posted November 7, 2023 Share Posted November 7, 2023 1 minute ago, Danderman123 said: Why not? Are you SERIOUSLY suggesting that a President could serve his term from prison? 2 Link to comment Share on other sites More sharing options...
rattlesnake Posted November 7, 2023 Share Posted November 7, 2023 Three years into the nightmare, just one more to go. 2 Link to comment Share on other sites More sharing options...
Danderman123 Posted November 7, 2023 Share Posted November 7, 2023 8 minutes ago, Felton Jarvis said: Are you SERIOUSLY suggesting that a President could serve his term from prison? I am suggesting that if Trump were in Federal prison, got elected, on Jan 20, he would pardon himself, walk out of prison, and then live in the White House while the legal issues were resolved. Georgia state prison would be a bit more difficult, so Trump will focus on delaying any incarceration until after Inauguration Day, sit in the White House, and order the DoD to protect him from any Georgia bailiffs. Having said that, multiple convictions before Election Day should ensure Trump loses. Link to comment Share on other sites More sharing options...
heybruce Posted November 7, 2023 Share Posted November 7, 2023 45 minutes ago, MrPancake said: Biden's Rescue Plan has been responsible for 25% to 50% of total inflation according to various economists. You want sources? Google is your friend ! Speculative at best. Funny that your "source" is an image from some unreferenced source. Is that the best you can do? 32 minutes ago, MrPancake said: No, I'm right. Before the COVID-19 pandemic, there were specific areas within the economy where inflation was showing signs of increase or was notably higher. While overall inflation rates in many countries were relatively stable or modest, certain sectors or components within the economy experienced more noticeable inflationary pressures. 1. Housing Costs: In many places, housing costs, including rent and home prices, were rising at a faster rate than general inflation. This increase was particularly evident in certain urban areas, leading to concerns about housing affordability. 2. Healthcare: Healthcare costs, including insurance premiums, medical services, and prescription drugs, were experiencing inflation rates higher than the average. This was a concern for many people, especially in countries without universal healthcare systems. 3. Education: The cost of education, including college tuition and related expenses, was rising faster than general inflation. 4. Certain Consumer Goods: Prices for certain consumer goods or services, like specific types of food, energy, or specific technological products, experienced higher inflation rates compared to the general inflation trend. Now you're getting ridiculous. Over-all inflation was low. In some segments of the economy inflation was higher than the average, in others it was lower. That's how it generally is. However the overall infation rate was low pre-covid. 1 1 Link to comment Share on other sites More sharing options...
candide Posted November 7, 2023 Share Posted November 7, 2023 38 minutes ago, MrPancake said: Biden's Rescue Plan has been responsible for 25% to 50% of total inflation according to various economists. You want sources? Google is your friend ! Why don't you cite your sources? https://www.politifact.com/factchecks/2022/apr/20/jane-timken/bidens-american-rescue-plan-fueled-inflation-so-di/#sources The second part of the assessment from this source: "However, none of the experts we reached, liberal and conservative, said Biden’s actions were responsible for all of the inflation. Past government spending, COVID’s disruptions to labor markets, energy prices and supply-chains also played significant roles. Most recently, the war in Ukraine has made a challenging situation worse." Of course, it had an impact in 2022, but the priority at this time was to relaunch the economy and reduce unemployment, and these objectives have been fully reached. Not to mention the necessary restructuring of the American industry in order to get more strategic autonomy from countries such as China, and less dependence from oil markets. What would have been better? A bit less inflation in 2022 (it was only slightly above other countries with no American rescue plan), but more unemployment and less growth? 1 1 Link to comment Share on other sites More sharing options...
heybruce Posted November 7, 2023 Share Posted November 7, 2023 34 minutes ago, MrPancake said: No I haven't. Those guys are cherry picking the data that suits their narrative. Biden is a loser. Inflation was making life very hard for poor people before covid. Biden's spendings is responsible for 25 to 50% of the inflation since his rescue plan. Period. Cherry picking data? You're the one who dissected inflation into narrow categories to "prove" inflation was high when overall inflation was low. That is an example of extreme cherry picking. 1 1 Link to comment Share on other sites More sharing options...
placeholder Posted November 7, 2023 Share Posted November 7, 2023 35 minutes ago, heybruce said: Speculative at best. Funny that your "source" is an image from some unreferenced source. Is that the best you can do? Now you're getting ridiculous. Over-all inflation was low. In some segments of the economy inflation was higher than the average, in others it was lower. That's how it generally is. However the overall inflation rate was low pre-covid. You're not going to take the word of anonymous member of aseannow.com? Someone who has provided absolutely no independently confirmable evidence? Link to comment Share on other sites More sharing options...
MrPancake Posted November 7, 2023 Share Posted November 7, 2023 52 minutes ago, heybruce said: Cherry picking data? You're the one who dissected inflation into narrow categories to "prove" inflation was high when overall inflation was low. That is an example of extreme cherry picking. Actually what I'm doing is showing that your simplistic view of "inflation was low, everything was fine" is BS. That entire conversation started because I said Biden didn't do enough for those in need which in turn is leading to the current situation of him losing the next election (maybe). So yeah, you are cherry picking the data that suits the narrative. A convenient average that hides this reral problem for the bottom 50% in the US. Link to comment Share on other sites More sharing options...
placeholder Posted November 7, 2023 Share Posted November 7, 2023 2 minutes ago, MrPancake said: Actually what I'm doing is showing that your simplistic view of "inflation was low, everything was fine" is BS. That entire conversation started because I said Biden didn't do enough for those in need which in turn is leading to the current situation of him losing the next election (maybe). So yeah, you are cherry picking the data that suits the narrative. A convenient average that hides this reral problem for the bottom 50% in the US. Actually, it began when you claimed that the S&P showed that the US was experiencing economic decline. And now you're claiming that heybruce claimed that everything was fine. Where did he claim that? He just notedt that your claims are false. Biden actually did help Americans in trouble by making Obamacare a lot more generous and financing it with a tax on the wealthy. Other measures as well. Given that he had a 51-49 percent majority and 2 DINOs among the Democrats, it's amazing that he accomplished all that he did in the first 2 years of his term. 2 Link to comment Share on other sites More sharing options...
MrPancake Posted November 7, 2023 Share Posted November 7, 2023 59 minutes ago, candide said: Why don't you cite your sources? https://www.politifact.com/factchecks/2022/apr/20/jane-timken/bidens-american-rescue-plan-fueled-inflation-so-di/#sources The second part of the assessment from this source: "However, none of the experts we reached, liberal and conservative, said Biden’s actions were responsible for all of the inflation. Past government spending, COVID’s disruptions to labor markets, energy prices and supply-chains also played significant roles. Most recently, the war in Ukraine has made a challenging situation worse." Of course, it had an impact in 2022, but the priority at this time was to relaunch the economy and reduce unemployment, and these objectives have been fully reached. Not to mention the necessary restructuring of the American industry in order to get more strategic autonomy from countries such as China, and less dependence from oil markets. What would have been better? A bit less inflation in 2022 (it was only slightly above other countries with no American rescue plan), but more unemployment and less growth? I never said it was solely Biden's fault. But it is a fact even if you don't like it: 25 to 50% of that inflation was due to Biden's decisions. Sorry if it hurts your little heart. And the overheating of the economy comes has the same origin. You rave about the low unemployment. We'll see what happens next. As I said, I bet on a recession and another stock market crash. Housing, education, healthcare, etc... It has NOTHING to do with the war in Ukraine. Energy prices could have been regulated. The US is the number one producer of oil in the world: zero excuses. Then of course you can argue that some decisions had to be made (industrial restructuring, etc...). That wasn't even my point. My point is I understand why many struggling Americans have been disappointed with Biden's presidency and will now vote for Trump. Totally logical. Didn't he say that he would cancel student debt at some point. Absolute phony loser. Link to comment Share on other sites More sharing options...
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