No, Ted et GOPers, Biden didn’t cause it. And no, Betty & Bernie & Joe, it’s not “greedy corporations” that caused the spike. The primary villain is the SARS-Cov-2 supply chain disruption, greatly amplified by the early onging incompetence of the Federal Reserve Board. (Putin is also a villain, but only in the supporting cast).
Republicans*, along with Fox “news” and the rest of the right wing media apparatus, will claim that it’s sole cause is something that Biden did — or didn’t do without specifying what.
The invasion of Ukraine is certainly making it worse.
The “We WANT them infected!” pandemic is a serious contributor.
And, of course, the ever increasing concentration of industries is a very serious contributor and the prime beneficiary.
.
Of course, those with Trump Disciple analysis skills can handle only what Fox ‘news’ tells them.
Yeah, because Biden is so omnipotent he’s responsible for a pandemic that started well before he was president, and Putin the Poisoner invading a peaceful neighboring nation.
BTW, there have been things Biden has proposed that would have helped reduce inflation, but the Republicans said no, and Abbott did everything he could to increase inflation with his idiotic boarder stunt.
Vote blue no matter who this fall. Your freedoms and independence depend on it.
Inflation is a monetary phenomenon. More dollars in existence for essentially the same goods and services means more dollars per unit of those goods and services. The pandemic slowed down the supply of some of those goods and services, which exacerbated the problem of too many dollars chasing too few goods and services.
The federal government lost control of the money supply in the early 2000’s. The labor arbitrage with China and loss of real estate value in 2009-2010 kept inflation in check until the money supply blew sky high with the additional dollars given away during the pandemic. Add this to the new dollars created to fund the regressive tax cuts, and the artificially low interest rates that encouraged even more borrowing, and the money supply has simply gotten out of control.
The outstanding debt in all segments of the economy can only be managed by inflating your way out of it. The entire federal legislative branch is as responsible as the fed in all this money creation.
This is how ALL empires collapse. Too much fiat currency spent on non productive things instead of being invested into things with a sufficiently high payback to pay off the debt incurred. Education, research, infrastructure, and so forth typically have sufficient returns to retire the debt incurred in the related expenditures.
Is there anyone reading this who understands what I just wrote?
admiree2 almost 2 years ago
So, if I understand Timmy correctly, the entire world is walking in the “Putin Price Hike”.
Simplistic but not an elegant answer.
thelordthygod666 almost 2 years ago
No, Ted et GOPers, Biden didn’t cause it. And no, Betty & Bernie & Joe, it’s not “greedy corporations” that caused the spike. The primary villain is the SARS-Cov-2 supply chain disruption, greatly amplified by the early onging incompetence of the Federal Reserve Board. (Putin is also a villain, but only in the supporting cast).
braindead Premium Member almost 2 years ago
There are always many components to inflation.
Republicans*, along with Fox “news” and the rest of the right wing media apparatus, will claim that it’s sole cause is something that Biden did — or didn’t do without specifying what.
The invasion of Ukraine is certainly making it worse.
The “We WANT them infected!” pandemic is a serious contributor.
And, of course, the ever increasing concentration of industries is a very serious contributor and the prime beneficiary.
.
Of course, those with Trump Disciple analysis skills can handle only what Fox ‘news’ tells them.
Darsan54 Premium Member almost 2 years ago
You’re confusing standard equipment allotment for all FOX listeners and their brand of truth with objective reality.
GiantShetlandPony almost 2 years ago
Yeah, because Biden is so omnipotent he’s responsible for a pandemic that started well before he was president, and Putin the Poisoner invading a peaceful neighboring nation.
BTW, there have been things Biden has proposed that would have helped reduce inflation, but the Republicans said no, and Abbott did everything he could to increase inflation with his idiotic boarder stunt.
Vote blue no matter who this fall. Your freedoms and independence depend on it.
FrankErnesto almost 2 years ago
Here we go again, inflation is Biden’s fault. People get paid for this? Unbelievable.
BB71 almost 2 years ago
The truth is the truth is the truth is the truth. It can`t be changed. Inflation has gone straight up since Biden took office.
zerorest almost 2 years ago
Need those to get trough this cartoon.
twclix almost 2 years ago
Inflation is a monetary phenomenon. More dollars in existence for essentially the same goods and services means more dollars per unit of those goods and services. The pandemic slowed down the supply of some of those goods and services, which exacerbated the problem of too many dollars chasing too few goods and services.
The federal government lost control of the money supply in the early 2000’s. The labor arbitrage with China and loss of real estate value in 2009-2010 kept inflation in check until the money supply blew sky high with the additional dollars given away during the pandemic. Add this to the new dollars created to fund the regressive tax cuts, and the artificially low interest rates that encouraged even more borrowing, and the money supply has simply gotten out of control.
The outstanding debt in all segments of the economy can only be managed by inflating your way out of it. The entire federal legislative branch is as responsible as the fed in all this money creation.
This is how ALL empires collapse. Too much fiat currency spent on non productive things instead of being invested into things with a sufficiently high payback to pay off the debt incurred. Education, research, infrastructure, and so forth typically have sufficient returns to retire the debt incurred in the related expenditures.
Is there anyone reading this who understands what I just wrote?