Steve Breen for June 12, 2022

NO! That’s corporate GREED!

Here’s a question for you: IF the republicans gain control of both chambers of Congress, what is their plan for controlling inflation??!! Are they going to set the prices of all consumer goods and petrol!! Why that would be called – SOCIALISM!!!

/SHNARK/

I’m sorry, I will stop inflation tomorrow. /S

“Inflation” is a handier weapon than price gouging and greed. So many companies enjoying record profits. So many CEOs getting record income.

And what are republicans doing about it? Other than adding fuel to the flame, I mean.

LOL, Breen. Who do you think is going to actually bring inflation down? The Republicans? Hahahahahahaha. . .

The Republicans plan to combat inflation is being prepared right after their Health Care and Infrastructure plans.

We are our own worst enemy. Now that the “COVID” has been declared done (it’s not) “we” are all out there with pent up demand.. but the supply, throttled back because of COVID has not yet recovered. A classic catch 22.

and to be fair…just what is the Republican response to curb inflation?

Breakeven inflation is now the highest it’s been in the 21st century, but blaming any one person or policy only captures part of the economic picture. In reality, many actions—some recent and some dating back five years—primed the pump and escalated a worldwide run-up in prices.

Just as no one person caused our current predicament, it’s unlikely any one person can solve it. Inflation will only abate when the pandemic ends, central banks roll back easy money policies, the private sector increases production, the supply chain stabilizes, and, yes, governments finally undertake more responsible levels of spending.

‘Reason’ is a libertarian magazine that leans right. (Media Bias All Sides)‘Reason’ is a libertarian magazine that leans right. ‘Overall, Reason Magazine is rated Right-Center biased for story selection and High for factual reporting and a clean fact check record.’

https://reason.com/2022/04/20/whos-really-to-blame-for-inflation/

Thanks Joe.

So, if the uncompromising, uncooperative, obstructionist, divisive, extremist, right keeps Congress dysfunctional and keeps nurturing inflation, [and their wealthy sponsor’s profits] — maybe the public will forget who made our schools, churches, and grocery stores unsafe?

Covid changed the world. The economic problems we have were created by or at least worsened by covid. And, there is one person responsible for allowing covid to become a pandemic. In 2017, the White House’s National Security Council Directorate for Global Health Security and Biodefense survived the transition from Obama to Trump intact. Working with WHO, they had set up clinics in hot spots all over the world, whose job was to monitor the local situation and immediately send for adequate help to contain any threat. One of those clinics was in the Chinese province where Covid originated. One year later, the Trump White House dissolved the office, as part of the budget cuts needed when he cut taxes. The job of a White House pandemics office would have been to get ahead: to accelerate the response, empower experts, anticipate failures, and act quickly and transparently to solve problems. It’s impossible to assess the full impact of the 2018 decision to disband the White House office responsible for this work, but it is clear that eliminating the office was the cause of the federal government’s sluggish domestic response. What’s especially concerning about the absence of this office today is that it was originally set up because a previous epidemic made the need for it quite clear. When asked about the slow roll-out of coronavirus tests in the U.S. on March 13, President Trump responded, “I don’t take responsibility at all.” Trump is not just responsible for it. He owns it. The Trump Plague is not just his responsibility. It’s his fault.

printing trillions of dollars that we do not have & sell futures to China is a problem

Not any one person’s fault. Anyone that can boil this down to one person is a simpleton.

Biden should immediately cancel all tariffs. Watch inflation tumble after that. Why he doesn’t is beyond me. Tariffs are nothing but taxes on American purchasers. There’s a tariff on washing machines, but not dryers…however, appliance companies raised prices on dryers about the same amount….just because. Time to stop something that never should have started.

Are you saying Americans are so ignorant that they’ll ignore all the good aspects of the economy in favor of this element AND blame Democrats (who did not cause this worldwide phenomenon)?

You’re probably right.

Looks like Bezos needs another tax cut.

I used to worry about midterms, back in college.

Largest oil and gas producers made close to $100bn in first quarter of 2022

Shell made $9.1bn in profit, almost three times what it made in the same period last year, while Exxon raked in $8.8bn

https://www.theguardian.com/business/2022/may/13/oil-gas-producers-first-quarter-2022-profits?fbclid=IwAR1gEm6b0Ydcn2SqXRvtCgYdX4OtIi9AiYT2G5mhTcL5omzSijTvnYeTgFE

https://www.investopedia.com/terms/i/inflation.asp

Soon to become recession!