President Biden Refuses To Take Blame For Inflation Being Out Of Control
- Thread starter MCP
- Start date
So basically this guy doesn't understand anything at all.
Trillions were spent before Biden stepped foot in office. That's in addition to low interest rates causing a feeding frenzy in the housing market.
"all our money going to foreigners instead of the American people"
Not only is this guy an idiot sounding like a Fox News personality, but he's also talking out of both sides of his mouth. Part of the spending that Biden did was a direct stimulus to Americans...
He also said that if Biden gets another four years, inflation will be at 20%. Not even the folks at Fox Business would say anything that stupid.
Just because he has a microphone and youtube channel does not mean that his insights are important or relevant.
Trillions were spent before Biden stepped foot in office. That's in addition to low interest rates causing a feeding frenzy in the housing market.
"all our money going to foreigners instead of the American people"
Not only is this guy an idiot sounding like a Fox News personality, but he's also talking out of both sides of his mouth. Part of the spending that Biden did was a direct stimulus to Americans...
He also said that if Biden gets another four years, inflation will be at 20%. Not even the folks at Fox Business would say anything that stupid.
Just because he has a microphone and youtube channel does not mean that his insights are important or relevant.
If you look at his youtube page most of his video have a similar tittle " Barber Who Voted For Biden In 2020 Says Life Is The Most Difficult Its Ever Been Under His Policies"
Definitely NOT an economist.
What can the president do to fix inflation?
That price appreciation, aka corporate greed. They did not change the amount of dollars in existence.
The trillions pumped into the economy did.
Biden is 80% to blame and, Trump is 20%.
1. Reduce the number of dollars in circulation.
2. Increase rates and make money more expensive
3. Massively raise taxes on multinational corporations.
The President > The Fed Chairman > Money Supply... What's the question again?
That's all? That certainly would not cause a uproar, affect the stock market, probably destroy any chance of getting re-elected.
Isn't that what the fed is doing now? Or should the fed ignore monthly economic data and pull the rug and do it all at once?
1. The Fed has been doing that for two years straight. They've reduced their balance sheet by nearly two trillion dollars.
2. You mean like this?
3. The president needs congress to raise taxes. There's a party called the republican party that would block any and every attempt at this.
Honest question....cause I can't say I'm the most knowledgeable when it comes to Corp taxes....but wouldn't #3 have to start in congress and make it's way to the president's desk? Or could he do that as exec order?
#2 Fed is already doing (when I'm needing to buy a car unfortunately).
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#2 Fed is already doing (when I'm needing to buy a car unfortunately).
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1. The Fed has been doing that for two years straight. They've reduced their balance sheet by nearly two trillion dollars.
2. You mean like this?
3. The president needs congress to raise taxes. There's a party called the republican party that would block any and every attempt at this.
Bruh, to really make an impact, the Fed would need to raise rates by 1000 basis points in one quarter or more! You don't want to know what Reagan did to try to fix the economy, even though he is heralded as a hero.
I could go further, but I have a Latina I just smashed and probably gonna smash again.
Ttyl
This guy wants us to go back to slavery huh smdh?
#MightyJoeinTwentyFo
#MightyJoeinTwentyFo