Just now, Alan Zweibel said:

First off, the world might be better off without the world's bout of massive inflation. But as economists have repeatedly pointed out, most of this inflation was due to disruptions in supply. Demand outran supply both in manufacturing and in shipping thanks to COVID. And the reason demand Iran supply so much was that demand for services dramatically declined because of COVID.

You are wrong, economists in the USA have pointed out that Joe Biden's spending pushed inflation.  

 

https://mitsloan.mit.edu/ideas-made-to-matter/federal-spending-was-responsible-2022-spike-inflation-research-shows?utm_source=chatgpt.com

 

Federal spending was responsible for the 2022 spike in inflation, research shows

 

“Our research shows mathematically that the overwhelming driver of that burst of inflation in 2022 was federal spending, not the supply chain,” said Mark Kritzman, a senior lecturer at MIT Sloan. 

 

 

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Just because it's on X does not make the source a credible, professional, and qualified source.

55 minutes ago, FlorC said:

It won't.

So you think stupidity will prevail?? How on earth could sane people believe what he said about the "Sandy Hook Massacre".........dipsticks all of them, him included and where do you fit in here....??

2 minutes ago, TedG said:

You are wrong, economists in the USA have pointed out that Joe Biden's spending pushed inflation.  

 

https://mitsloan.mit.edu/ideas-made-to-matter/federal-spending-was-responsible-2022-spike-inflation-research-shows?utm_source=chatgpt.com

 

Federal spending was responsible for the 2022 spike in inflation, research shows

 

“Our research shows mathematically that the overwhelming driver of that burst of inflation in 2022 was federal spending, not the supply chain,” said Mark Kritzman, a senior lecturer at MIT Sloan. 

 

 

First off, i note you didn't quote this part of what he said:

"Kritzman said that using government stimulus money to help the economy rebound during the pandemic made sense, given the unprecedented circumstances. “People really didn’t know if we were going to have a 1930s-type depression, so the government erred on the side of more stimulus than less stimulus,” he said. 

“I don’t judge that to be a bad thing to have done, but it did cause this big spike in inflation,” Kritzman said. “What was surprising is not just that [the driver] was federal spending but that it was so overwhelmingly federal spending.”

 

So not the disaster you made it out to be.

 

And after all, this is just one team of economists, isn't it?

 

These economists have come to a different conclusion.

This sharp rise in inflation reflected severe imbalances between supply and demand stemming from the large and persistent shocks unleashed by the pandemic and the policy response. The initial phase of the pandemic was centered around public health risks that prompted production shutdowns, disruptions in global supply chains, and a contraction in labor supply...

Consumer preferences, however, had shifted dramatically away from high-contact
services toward goods. Although total consumer spending had recovered, services consumption
was approximately 5 percent below its pre-pandemic trend, while goods consumption was
approximately 10 percent above its trend. 

https://www.frbsf.org/wp-content/uploads/wp2025-16.pdf

 

And what you don't note, is that despite predictions of hyperinflation that would need to be tackled by massive unemployment, that never happened. The predicted huge recession never came to pass. Employment numbers grew to record levels. There was no disaster.

 

2 minutes ago, Alan Zweibel said:

First off, i note you didn't quote this part of what he said:

"Kritzman said that using government stimulus money to help the economy rebound during the pandemic made sense, given the unprecedented circumstances. “People really didn’t know if we were going to have a 1930s-type depression, so the government erred on the side of more stimulus than less stimulus,” he said. 

“I don’t judge that to be a bad thing to have done, but it did cause this big spike in inflation,” Kritzman said. “What was surprising is not just that [the driver] was federal spending but that it was so overwhelmingly federal spending.”

 

So not the disaster you made it out to be.

 

And after all, this is just one team of economists, isn't it?

 

These economists have come to a different conclusion.

This sharp rise in inflation reflected severe imbalances between supply and demand stemming from the large and persistent shocks unleashed by the pandemic and the policy response. The initial phase of the pandemic was centered around public health risks that prompted production shutdowns, disruptions in global supply chains, and a contraction in labor supply...

Consumer preferences, however, had shifted dramatically away from high-contact
services toward goods. Although total consumer spending had recovered, services consumption
was approximately 5 percent below its pre-pandemic trend, while goods consumption was
approximately 10 percent above its trend. 

https://www.frbsf.org/wp-content/uploads/wp2025-16.pdf

 

And what you don't note, is that despite predictions of hyperinflation that would need to be tackled by massive unemployment, that never happened. The predicted huge recession never came to pass. Employment numbers grew to record levels. There was no disaster.

 

This is the way your way is agreeing that Joe Biden pushed inflation? 

3 minutes ago, TedG said:

This is the way your way is agreeing that Joe Biden pushed inflation? 

As I pointed out, economists can disagree. And I even provided you with a link to those economists. And if you accept the evaluation of Kritz, does that mean you accept that it wasn't a bad thing to have provided that extra stimulus?

Just now, Alan Zweibel said:

As I pointed out, economists can disagree. And I even provided you with a link to those economists. And if you accept the evaluation of Kritz, does that mean you accept that it wasn't a bad thing to have provided that extra stimulus?

Here is the best part.   Biden was warned this would happen. 

 

Larry Summers sends stark inflation warning to Joe Biden

 

https://www.cnn.com/2021/05/26/economy/inflation-larry-summers-biden-fed

 

“We’re taking very substantial risks on the inflation side,” Summers said in remarks originally made May 18, adding to a series of warnings the former Harvard president has issued in recent weeks.

 

 

The GOP warned Biden.

 

https://www.politico.com/news/2021/04/12/biden-economy-inflation-480680  

 

Why big-spending Biden can shrug off GOP warnings of inflation

If persistently rising inflation is coming to the U.S., history suggests it won’t happen until after Biden is out of office.

 

This is what happens when progressives get involved in the government.   

1 minute ago, TedG said:

 

Larry Summers sends stark inflation warning to Joe Biden

That name sounds familiar. Wasn't he the notorious democrat bigshot that was cavorting with the deceased pedo guy the left have been banging on about? 

Always democrats🤣

4 minutes ago, TedG said:

Here is the best part.   Biden was warned this would happen. 

 

Larry Summers sends stark inflation warning to Joe Biden

 

https://www.cnn.com/2021/05/26/economy/inflation-larry-summers-biden-fed

 

“We’re taking very substantial risks on the inflation side,” Summers said in remarks originally made May 18, adding to a series of warnings the former Harvard president has issued in recent weeks.

 

 

The GOP warned Biden.

 

https://www.politico.com/news/2021/04/12/biden-economy-inflation-480680  

 

Why big-spending Biden can shrug off GOP warnings of inflation

If persistently rising inflation is coming to the U.S., history suggests it won’t happen until after Biden is out of office.

 

This is what happens when progressives get involved in the government.   

Actually, Larry Summers got it badly wrong. He said that without raising interest rates and creating a recession, as Paul Volcker did to combat hyperinflation, very high inflation would continue to plague the US economy. This was pretty much the line of right wingers too. Progressive economists said no, that this high inflation was self-limiting and due to high demand for goods and supply shocks. Now they did get wrong how high it would go, but they basically got everything else right. Inflation subsided sharply. There was no need to sharply raise interest rates and induce a recession.

2 hours ago, Alan Zweibel said:

Actually, Larry Summers got it badly wrong. He said that without raising interest rates and creating a recession, as Paul Volcker did to combat hyperinflation, very high inflation would continue to plague the US economy.

Inflation is still persistent.   This is a case of you arguing for the sake of it. 

2 hours ago, SunnyinBangrak said:

That name sounds familiar. Wasn't he the notorious democrat bigshot that was cavorting with the deceased pedo guy the left have been banging on about? 

Always democrats🤣

Yes.

Alex Jones and MTG hooked their wagons to Trump for their own personal benefit. Jones is the king of the hucksters and a pathological liar. The Sandy Hook evil he promoted should have silenced that foul mouthed blowhard, but he persists like a bad fungal infection.  Is it really so bad that these people are not associated with Trump anymore? If anything, it might help move Trump to moderating his policies. There was a time when he was more centrist and pragmatic.

 

Sure there are Republicans who don't like him, but they were never Trump supporters. All of a sudden the "progressives" embrace Cheney and Romney and others, but there was a time when they were dismissed as right wing stooges.  In politics allegiances  are made a broken with regularity. I doubt Trump will lose sleep if  Jones the  snake oil and potion salesman goes elsewhere. The man is pure evil and appeals to very ignorant people.

Saint Donald. Total revisionist history, a complete reformation of his entire career, and a total erasure of his past crimes, moral terpitude, and a total and complete willingness to overlook a lifetime of moral bankruptcy. 

 

I do have some friends that will come right out and say the man is a butthead, he's an idiot, and he's an absolute clown, but I like his policies. Those are the Republicans I admire. 

 

It's an interesting point that you bring up, and one that a lot of Republicans just don't understand these days. During the 20 years that Clinton, Obama and Biden were in office I was continually critical of their policies. Just look back at some of my posts when Obama and Biden were in power. I was not a big fan of Obama for many of the years that he was president and my posts reflect that. As a centrist democrat I criticized a lot of his policies.

 

I see so little of that coming from Republicans these days, to point where their absolute fealty is actually quite frightening. Most just can't handle critique of Trump, they immediately clam up, get defensive and start making it personal. Instead of behaving like rational intellectuals and debating policy they just start throwing out nonsense, accusations that I've never criticized my own party, or that I get paid to be critical of Trump. That is not only ridiculous, it is inane. I wish somebody would offer to pay me to criticize Trump. I would spend my whole day doing it.

 

Criticism and open mindedness is what independent thinkers engage in, and it sets them apart from dogmatic subjects of a wannabe king. I invite you to reflect on that for just a moment. 

 

With many people, once they got attached to a theory, it was hard to get them detached. They’d screen out unhelpful facts, invent favorable ones, and ignore contradictions in their own claims. Look at those Sandy Hook, multiple fraud convictions, and Jan. 6th truthers, babbling about false flags and crisis actors and all the rest. When people were motivated enough to believe something, they were going to believe it no matter what. There was no such thing as a bridge too far.

 

5 hours ago, TedG said:

Inflation is still persistent.   This is a case of you arguing for the sake of it. 

But not high destabilizing inflation. And you think all those Americans you profess to care about so much would have been better off for a severe recession? But if you believe that current inflation levels are too high, then you should be supporting government efforts to induce a recession. But instead, Trump has been pushing the Fed to lower interest rates which is not exactly the way to go about inducing that.

9 hours ago, metisdead said:

Just because it's on X does not make the source a credible, professional, and qualified source.

I would argue that if it is on X, it is definitely not credible, professional, or a qualified source. 

11 hours ago, Chomper Higgot said:

But but but Kamala….Biden… 

 

I realize you'd rather we didn't mention the dastardly duo.

 

Still, at least some good came of their incompetence. 

 

 

Trump is Pres

Sad pensioners still whingeing

 

 

25 minutes ago, JonnyF said:

 

I realize you'd rather we didn't mention the dastardly duo.

 

Still, at least some good came of their incompetence. 

 

 

I’m not sure now is the time to admit your a fan boy.

 

But your choice.

 

16 minutes ago, JonnyF said:

 

As you know Chomps I am a neutral observer.

 

What I have observed is that the US dodged a bullet in that cackling hyena Harris. 

A claim not supported by your posting history.

 

 

18 hours ago, nauseus said:

 

Who?

Yep, it´s easy for you. First, they are good, after it´s just to deny who they are.

It's a ship deserting a sinking rat. Ideally, there are enough lifeboats to save actual Republican conservatives, as opposed to the fascist and moronic MAGAs---because the country benefits from two rational opinions.

 

So typical is the cult that some have come forward defending Trump's obvious (to sane people) corruption (his meme coins, P4P*, his 747 from Qatar, 3 major Trump Org developments in Saudi Arabia) by saying, "It's not corruption if it's in the open".

 

*Pardon for Pay

A sinking ship weighed down by  corrupt dollars ..and

Crypto!

 

He's negative in EVERY.SINGLE.POLL. This has never happened before!

 

 

'Trump’s Approval Rating Negative With Every Pollster For First Time Ever'

https://www.newsweek.com/donald-trump-approval-rating-negative-every-pollster-first-time-11112195

 

 

"President Donald Trump's approval rating is negative with every pollster for the first time.

As of Wednesday morning, Trump currently has an average disapproval rating of 55 percent, while 41 percent approve, according to The New York Times' polling aggregator.

Polls, including Morning Consult, Ipsos, HarrisX, Quinnipiac, YouGov, and Pew Research, all show more Americans disapprove than approve of Trump's performance or favorability."

4 hours ago, Gottfrid said:

Yep, it´s easy for you. First, they are good, after it´s just to deny who they are.

 

Who?

4 minutes ago, BLMFem said:

Well, that leaves me no choice!😄

 

https://x.com/OccupyDemocrats/status/1993864740809134532?s=20

 

 

 

 

 

 

Another toon. So convincing! xx

8 minutes ago, BLMFem said:

 

He's negative in EVERY.SINGLE.POLL. This has never happened before!

 

 

'Trump’s Approval Rating Negative With Every Pollster For First Time Ever'

https://www.newsweek.com/donald-trump-approval-rating-negative-every-pollster-first-time-11112195

 

 

"President Donald Trump's approval rating is negative with every pollster for the first time.

As of Wednesday morning, Trump currently has an average disapproval rating of 55 percent, while 41 percent approve, according to The New York Times' polling aggregator.

Polls, including Morning Consult, Ipsos, HarrisX, Quinnipiac, YouGov, and Pew Research, all show more Americans disapprove than approve of Trump's performance or favorability."

 

Gobble gobble.

5 hours ago, Dan747 said:

 

 

Meanwhile, in the real world....😄

 

https://www.youtube.com/watch?v=BILkNfHietU

 

 

16 hours ago, Chomper Higgot said:

It’s a race between Patel and Hegseth for who’s next to be thrown under the bus. 

what about JFK Jr, should be tic tac toe 3 in a row, save time and money

24 minutes ago, nauseus said:

 

Gobble gobble.

 

 

Please check what page you have open before posting.

 

This isn’t a dating site.