Posted on 08/02/2022 1:09:12 PM PDT by lowbridge
In the meantime...companies that would invest...or raise wages or benefits...will do less and the government will waste any gain...as usual...
Let me mull this over. This means the Dems lied to us. Never thought I’d see that day. /S
Where’s the “yeah, all right” girl GIF?
I assume this means $739 billion of new spending. If so, I don't think it will reduce inflation one iota, it will increase inflation.
It’s called the Inflation Reduction Act because they really wanted to implement Build Back Better, but couldn’t, so they didn’t. That saved us from a few trillion inflationary dollars, temporarily. We’re supposed to be grateful.
“The Fed isn’t helping, either.”
Are you talking about the money supply or interest hikes?
IMO The central bankers have to hike rates to a decent %, if they don’t our economy will just jam more capital into real estate & equities.
Just be glad the bankers are being humane because if they really wanted to get rid of the speculative rot, they’d crank up interest rates and gut the money supply.
If that happens people won’t be bitching about inflation, they’ll be looking for handouts and hoping they can find work.(Plus some will find religion during ‘hard times’)
I doubt they can see the signal through all the government noise!
“It’s called the Inflation Reduction Act because they really wanted to implement Build Back Better, but couldn’t, so they didn’t. That saved us from a few trillion inflationary dollars, temporarily. We’re supposed to be grateful.”
The Covid stimulus and PPP payouts are running their course.
Two quarters of negative growth have the politicians looking at “chucking” some more money around.
This isn’t a inflation reduction act its a stimulus program with a tax hike.
If you want inflation dealt with crank up interest rates and cut the money supply, while cutting the Federal Budget.
Including no increased COLA payments for any recipient of Federal Money because they’re inflationary.
None this will happen, so don’t worry.
Biden’s economic adviser Jared Bernstein is the snake oil salesman for all the WH scams every program they introduce is a tax trap so they can spend more 3 card Monte hasn’t anything over them.
There climate control scam is their biggest money pie scam a three for one deal taxes kickbacks and control.
What a bunch of dirty guys huh Moe.
Fair amount of noise about charging millionaires & above MORE Social Security fees.
I live on Social Security-—but I do NOT wish for a more successful person to be penalized for being successful.
All the money that people earn BEFORE they achieve the age of being able to collect SS benefits-—stay in the system. NO ONE ever seems to audit those funds.
Doing better than the war on poverty and the war on drugs combined!
Social Security is fine as long as you have employers & employees paying those FICA taxes.
It is actually one of the few Federal Programs that is sustainable because they actually draw taxes for the program.(That huge hit to the finances of employer & employee in 1983 helped tremendously from a sustainability point of view.)
However, if they do another 1983, I will oppose “saving Social Security” because people that own businesses and work for those businesses don’t need to give any more money to old people.
So it works? /s
Problem is you have corporations making the most they have in years. And yet they still raise prices. Why?????
Money for more IRS investigators that’s all we need to know
I think part of the reason is because they’ve seen that many products simply aren’t available, so they buy at the higher prices today for fear of not being able to get it tomorrow. If we ever get an administration that can tackle the supply chain problem in a meaningful way (i.e., encouraging production unlike Schumer’s plan), then things will improve..
Tariffs now, tariffs forever. Tariffs are patriot candy!!!!
The burden should be on the CONSUMER not the TAX PAYER.
SUBSIDIES SHOUD BE ILLEGAL!!!!
The only win I see with a tariff is the gov’t, since it collects the tariff. Consumers now pay a higher price for imports, which is really just an indirect tax on the consumer.
Also, some products just can’t be produced domestically at a reasonable price. Should we build huge hot houses to raise coffee plants and sell the coffee beans for $50/lb, or should we import beans at $3/lb?
Tariffs are not patriot candy unless you don’t give a crap what consumers pay for things and you’re okay with giving the gov’t your money to pay for the tariff.
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