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Now that Build Back Better looks dead in the water, weird things are coming out of the mouths of Delusional Dems
American Thinker ^ | 12/16/2021 | Monica Showalter

Posted on 12/16/2021 10:08:40 AM PST by SeekAndFind

With the price of gas hitting $7 a gallon and a package of Oscar Meyer bacon hitting $9.59 out in California, you can bet inflation is on consumers' minds, and 80% of them know who did it.

Big government spending, the kind that requires the Fed to print more money than the economy can handle, is behind it.  The U.S. has passed a helluva lot of gargantuan trillion-plus-dollar spending bills for things such as COVID relief, "infrastructure," bailouts of favored industries, stimulus payouts, and more in the last few years and the economy is still struggling to digest it.

Inflation, according to the Bureau of Labor Statistics, has now soared 6.8% this year, the highest rise in nearly forty years, back when the U.S. was crawling out from the rubble of the Carter years.

And today's inflation is far from done, according to the Fed, which expects to initiate three rate hikes in 2022 to fight it.  As the prices soar, it's likely that that 80% might just go higher.

Fed chairman Jerome Powell says consumer spending is strong, as a sort of point of optimism, but that's weird stuff coming from him.  If he's read anything about past inflationary surges, or maybe looked at the history of Argentina, he knows that consumer spending gets very strong in response to the value of the dollar falling (an inflation byproduct) as well as in response to anticipated price hikes.  Commodities become more valuable than cash, and everyone wants to get his own before the prices go up.  Of course people are buying; that's Your Inflation at Work.

But he's hardly the most delusional guy out there, and his hinted-at rate hikes do suggest familiarity with reality.

No, the big delusionals are the Democrats, who are continuing to push


(Excerpt) Read more at americanthinker.com ...


TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: buildback; commodities; democrats; fallingdollar; inflation; infrastructure; spending

1 posted on 12/16/2021 10:08:40 AM PST by SeekAndFind
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To: SeekAndFind

Snakes?
Worms?
Frogs?....................................


2 posted on 12/16/2021 10:23:29 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: SeekAndFind

Build Back Bolshevik


3 posted on 12/16/2021 10:28:17 AM PST by Jan_Sobieski (Sanctification)
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To: SeekAndFind
Now that Build Back Better looks dead in the water, weird things are coming out of the mouths of Delusional Dems

Weird things have been coming out of the mouths of democrats forever. It's not about BBB being dead in the water. Democrats have never said or done anything that makes sense.
4 posted on 12/16/2021 10:29:55 AM PST by adorno
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To: SeekAndFind

Is it any wonder consumer spending is “strong”? Give people free money and they spend it. What a dope!


5 posted on 12/16/2021 10:30:02 AM PST by Pxzftrnqfrn
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To: Red Badger

Truth?


6 posted on 12/16/2021 10:30:52 AM PST by subterfuge (RIP T.P.)
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To: subterfuge

That would be weird!......................FOR THEM!...............


7 posted on 12/16/2021 10:31:52 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Pxzftrnqfrn

Didn’t Jen Psaki, or some other flunkies of Democrats, say that inflation is not a problem because people have more money to spend? Meaning that people have money to pay higher prices, so why is anyone concerned?


8 posted on 12/16/2021 10:36:10 AM PST by Dilbert San Diego
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To: adorno

From the time of Woodrow Wilson.


9 posted on 12/16/2021 10:36:47 AM PST by SkyDancer ( I make airplanes fly, what's your super power?)
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To: Pxzftrnqfrn
Is it any wonder consumer spending is “strong”? Give people free money and they spend it. What a dope!

Also, with prices going up, people buy before they go up more. The threat of rising interest rates certainly got me serious about buying rather than renting.
10 posted on 12/16/2021 10:58:07 AM PST by Dr. Sivana ("There are only men and women."-- George Gilder, Sexual Suicide, 1973)
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To: Pxzftrnqfrn

it just looks strong.. when inflation is at or near double digits it always looks better than it is.


11 posted on 12/16/2021 11:03:18 AM PST by cableguymn (It will continue until we stop it.)
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To: SeekAndFind
consumer spending gets very strong in response to the value of the dollar falling (an inflation byproduct) as well as in response to anticipated price hikes.

increased money supply times increased velocity = increased aggregate demand

12 posted on 12/16/2021 11:06:40 AM PST by mjp (pro-freedom & pro-wealth $)
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To: SeekAndFind

Build Back to Break it.


13 posted on 12/16/2021 11:09:14 AM PST by HereInTheHeartland (Leave me alone, I have no incriminating evidence on the Clinton's )
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To: SeekAndFind

Delusional is right - the Dems are driving the car off a cliff screaming, “It’s never been so good! Look, we’re flying!” The landing isn’t going to be fun.


14 posted on 12/16/2021 11:27:35 AM PST by Billthedrill
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To: HereInTheHeartland; SeekAndFind
HereInTheHeartland :" Build Back to Break it."

"Built Back Better Bankruptcy"
AntiFA :" Burn it all down "
Same effect; different method ! ,br>

15 posted on 12/16/2021 11:34:35 AM PST by Tilted Irish Kilt
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To: Jan_Sobieski

That will bed a best selling Tee shirt after the holidays.


16 posted on 12/16/2021 11:35:13 AM PST by KC Burke (If all the world is a stage, I would like to request my lighting be adjusted.)
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To: SeekAndFind

When have the democrats ever given up anything? 6uild 6ack 6etter will pass eventually. Like Christmas Eve. BUT in the meantime they’ll get their voting take over passed to give the vote to every illegal, felon, zombie, family pet, and unleash an army of ballot harvesters to “assist” you voting properly. And Mitch, Mittens, and Graham are happy to help.


17 posted on 12/16/2021 11:36:30 AM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: Organic Panic
Hannity should be told, off the record, by President Trump, that Graham must be made a persona non grata on the Hannity Show. Graham's duplicitous all too common appearances on Hannity only give Graham unearned credibility.

18 posted on 12/16/2021 11:53:27 AM PST by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: SeekAndFind

You’d wonder what it’d take for Kalifornians to free themselves of their Democrat-administered pain?

I guess it’s not $6+ gasoline, Hell-hole homeless camps, electrical blackouts, forced vaccines and masks, insane crime rates, $10 bacon... not even a ban on leaf blowers, which the illegals in my area would got full-on Jan 6 over. What will it take?

Actually, since Kalifornia has abandoned the middle class, it will never change, not so long as the Silicon Valley and Hollywood Masters reap it in from out-of-state revenue and use it to pay off the underclass with welfare, pot and wokism. Maybe enough middle and professional class people will leave so that it just atrophies. That’s the most likely scenario, but it will be at the cost of a leftist exodus upon the other states. What a bloody mess.


19 posted on 12/16/2021 1:21:25 PM PST by nicollo
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