Posted on 12/10/2021 9:55:19 AM PST by conservative98
President Biden brushed off government data showing the highest inflation in 39 years Friday, arguing that the declining value of the US dollar means that Congress should pass his $2 trillion social and environmental spending bill.
“For anyone who, like me, is concerned about costs facing American families, passing [the Build Back Better Act] is the most immediate and direct step we can take to deliver,” Biden said in a statement.
(Excerpt) Read more at nypost.com ...
Simple. The federal reserve will have to slam the brakes by increasing the interest rates drastica. It would result in a severe recession but we'll tame inflation. No one is willing to pay the political price.
And the worse thing is….half the country are so moronic that they will believe, vote, and go straight along with it.
So, according to Jobama and the communist DC democrats, they think the burning down of America needs more fuel thrown on the fire. We American patriots must never forget these individuals and never let them escape responsibility for their treason!!
You protest too much. Do you really think I was criticizing the brilliant, thoughtful teachers in my life, or such journalists as Sharyl Attkisson, a thoughtful, brilliant and honest reporter?
Yet, I stand by the claim that as a class journalists and teachers are of the lesser performing learners and less qualified professionals.
As a teacher, I’m sure you know this, as did I discover when I became a high school teacher. I also happen to know many journalists, including some rather smart ones who would be reviled around here, and even those would agree that, as a class, journalism is not made up of higher-order thinkers.
I have worked with brilliant teachers — but I can count them, as opposed to the uncountable sea of others that I have come across who are under-worked, over-paid, and maleducated — and who, I guarantee it, wouldn’t for two seconds understand BiteMe’s ludicrous, dangerous, lying assertion that the only way to defeat inflation is to inject more money into the economy. Instead, they’d spew that lie back to students and readers.
Well, that’s one way to explain it.....God help us.
And I’m sure the lapdog media all nodded their heads in agreement.
About covers commie thinking. Buy them off. Give them more free stuff for their votes. Send them home happy to watch sports, porn and cooking shows. That will keep the sheeple happy.
Gasoline is a much misunderstood fire retardant.
There. I used the word "retard."
Two words: "insane jackass."
For what? To fight inflation?
Econ 101 would tell us what happens to prices when demand for goods increases while supply remains static. It's not a law that Congress can repeal.
Likewise, printing more money so it can be distributed more evenly (equitably is the current buzzword, meaning "without regard for anything but political pull") does not create wealth or increase a nation's GDP. It does, however, over time, reduce the buying power of a given amount of money. Not necessarily across all products, but certainly for products in high demand such as gasoline, housing, food and toilet paper.
It's obvious that Biden's speechwriters, and perhaps Biden himself, have allowed politics to get in the way of sound economic policy.
If Joe Biden is the new Jimmy Carter, who will be our next Ronald Reagan? We need him, the sooner the better.
He wants that bank reporting transfers, deposits and withdrawals.
The rest is meaningless.
When the libtards finally figure it out, it will be to late.
“Was he talking out his mouth? Or whistling Dixie out the other end?”
either way it’s BS coming out
Only a fool believes that introducing more fiat money into an economy reduces inflation.
I guess the plan is to inflate and pay it back once trillion is just another bill in most people’s pocket.
To put out a fire throw more gasoline on it, right?
“...anyone who, like me, is concerned about costs facing American families”
You have not made the case that you are concerned at all. You tried to convince everyone that the news reports about store shelves being bare were false, and then someone went into a store and noticed that there were bare shelves. Failing to gas light, you then try to gas light that Build Back Badder is the solution, instead of the problem. You’re also trying to gas light that you’re concerned. It’s not working. Nobody’s fooled except you, Foe.
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