Inflation

balds

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Most of it are issues around the world due to Covid. Sure some small part is labor but I don't think the labor issues in the US are a driver.
Covid, or our response to covid? Huge difference, and vastly overlooked.
 

balds

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It's pretty clear what she means by "these issues existed before the pandemic" is that they were created by 8 years of Barry/Biden incompetence and anti-America administrative action.
Yes, I clearly remember all of the supply chain issues before 2021. Also the expensive gas, food, etc.....
 

Spoofin

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🙄 Stop trying so hard.
Just saying that in your post you stated you will “man up” but I think you are underselling what you predicted.
Sure, those articles are true. There's a bigger picture though and it's not at all clear what the next year brings. Your assertion that "it isn't over" is pure conjecture. It's very possible if we can get past this virus that the last year has been a temporary supply chain issue. The economy is poised, in my opinion, for a huge leap forward. A little inflation isn't the worst thing to ever happen, particularly if it corrects and reverts.
 


howeda7

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Lol, howie liked this post. Mr small government im not a socialist.
I think it’s a great idea. They minimize the impact of rent and food on the inflation calculations, so I’m sure this will make the poor much richer.
The like police are back. And they ignore that I said the minimum wage isn't necessary and the left is dumb to make it a major issue.

That said, if we're going to have one, not indexing to inflation is stupid. We have the same minimum wage in 2021 that we did in 2007 which is ridiculous and rendeds it meaningless.
 


Wally

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All this is Bidens fault, he fucked up the whole worlds supply chain with that $300, wow.
🙄🙄🙄🙄

 

GopherJake

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Just saying that in your post you stated you will “man up” but I think you are underselling what you predicted.
“Let’s see what the next year brings.” That’s what I said. In August. That’s two months ago.
 

Spoofin

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All this is Bidens fault, he fucked up the whole worlds supply chain with that $300, wow.
🙄🙄🙄🙄

That statement is almost as dumb as your insistence that the extra payment wasn’t driving labor shortages that are only affecting supply chains “a little”.
 

Section2

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The like police are back. And they ignore that I said the minimum wage isn't necessary and the left is dumb to make it a major issue.

That said, if we're going to have one, not indexing to inflation is stupid. We have the same minimum wage in 2021 that we did in 2007 which is ridiculous and rendeds it meaningless.
If it isn’t necessary, you should want it as low as possible. Why would you want it raised? Of course your main point is wrong. The problem isn’t that it isn’t necessary. The problem is that it’s harmful.
 



Wally

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That statement is almost as dumb as your insistence that the extra payment wasn’t driving labor shortages that are only affecting supply chains “a little”.
Truth is dumb if you don't like I guess...
 

Section2

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It will. Just wait long enough. But that’s your game, @50K of Important Thoughts to Share. Unlike you, I will man up and give an actual opinion. I’ll stick by my thought that the economy is wanting to bust positively, but there are some obvious supply chain issues and Covid holding it back. Let’s see where we are in March. Now put me back on “ignore.”
We have $28 trillion in debt.

Resources are finite. The government spending trillions of dollars uses up scarce resources and increases costs. Infrastructure spending is not new production, it takes production away from other uses.

the Fed has been printing trillions of dollars for over a decade.

the only way to control inflation is with high interest rates to shrink the money supply.

higher interest rates on our ridiculous debt will eat up a huge chunk of our budget, creating bigger deficits and more debt.

high interest rates will also cripple the housing market, bankrupt businesses, etc.

We can’t raise interest rates. The system collapses. We can’t have high inflation, the system collapses.

this isn’t “a little inflation”. It’s a monetary issue as well as supply chain. It’s a massive economic dislocation. Those typically end in tears. Maybe this time will be different. But this is currently the boom.
 





GopherJake

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We have $28 trillion in debt.

Resources are finite. The government spending trillions of dollars uses up scarce resources and increases costs. Infrastructure spending is not new production, it takes production away from other uses.

the Fed has been printing trillions of dollars for over a decade.

the only way to control inflation is with high interest rates to shrink the money supply.

higher interest rates on our ridiculous debt will eat up a huge chunk of our budget, creating bigger deficits and more debt.

high interest rates will also cripple the housing market, bankrupt businesses, etc.

We can’t raise interest rates. The system collapses. We can’t have high inflation, the system collapses.

this isn’t “a little inflation”. It’s a monetary issue as well as supply chain. It’s a massive economic dislocation. Those typically end in tears. Maybe this time will be different. But this is currently the boom.
Uh huh. What is your prediction for where we will be next March and next October? I say by next March, we are well on the way to recovery. I say by next October, we are ahead of pre-Covid. Now your turn. No lectures, no deflection, man up, put something out there. Otherwise, put me back on "ignore," @50K.
 

howeda7

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If it isn’t necessary, you should want it as low as possible. Why would you want it raised? Of course your main point is wrong. The problem isn’t that it isn’t necessary. The problem is that it’s harmful.
If it's set at or below the natural minimum wage, it's not harmful, it's mostly irrelevant except that it might protect certain groups (migrant workers etc) of being taken advantage of. $7.25 is so far from that that it's a joke.
 

Section2

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If it's set at or below the natural minimum wage, it's not harmful, it's mostly irrelevant except that it might protect certain groups (migrant workers etc) of being taken advantage of. $7.25 is so far from that that it's a joke.
It’s not going to protect migrant workers, it’s going to prevent them from using price to compete for jobs.
 

Wally

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Not the only, but the only one available to central bankers whose job is to manage it.
I personally hope they start raising interest rates.
It’s not going to protect migrant workers, it’s going to prevent them from using price to compete for jobs.
It protects natives from being undercut by illegals, the vast majority of whom have SS cards and pay taxes and pay Social Security that they will never collect.

The right doesn't give a shit about low wage workers tho. They also don't care about illegal workers because if they did they would have eliminated them when they controlled the government, which they could have. They realize trashing our whole economy to solve this illegal problem won't help them, they prefer it keeps going forever so they can campaign on it. Totally disingenuous pos is what they are.
 

Section2

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I personally hope they start raising interest rates.

It protects natives from being undercut by illegals, the vast majority of whom have SS cards and pay taxes and pay Social Security that they will never collect.

The right doesn't give a shit about low wage workers tho. They also don't care about illegal workers because if they did they would have eliminated them when they controlled the government, which they could have. They realize trashing our whole economy to solve this illegal problem won't help them, they prefer it keeps going forever so they can campaign on it. Totally disingenuous pos is what they are.
Well, your broad brush seems inaccurate in this case.
 

Wally

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Well, your broad brush seems inaccurate in this case.
How is it inaccurate?
Trump and the right could have made it almost impossible for illegals to work. Jail those who hire them and institute checks that cannot be evaded. The right are full of shit on this issue.
 

Section2

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How is it inaccurate?
Trump and the right could have made it almost impossible for illegals to work. Jail those who hire them and institute checks that cannot be evaded. The right are full of shit on this issue.
If you consider me “right”. Trump was against open borders and illegal immigration. So was Obama and Clinton.
 

bga1

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How is it inaccurate?
Trump and the right could have made it almost impossible for illegals to work. Jail those who hire them and institute checks that cannot be evaded. The right are full of shit on this issue.
Many of the cities and states run by the left refused to work with federal agents during the Trump era. California chief among them. Does the term "sanctuary city" ring a bell with you?
 

Bob_Loblaw

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Many of the cities and states run by the left refused to work with federal agents during the Trump era. California chief among them. Does the term "sanctuary city" ring a bell with you?
He is frantically googling it right now.
 

Bob_Loblaw

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How is it inaccurate?
Trump and the right could have made it almost impossible for illegals to work. Jail those who hire them and institute checks that cannot be evaded. The right are full of shit on this issue.
Most people I know against illegal immigration are 100% in favor of both of those measures.

Enormous fines for any company that is caught hiring illegals.
Arrest and deportation of all illegal aliens and their families.

Most of us are in support of these points. You're right, a lot of conservative politicians are full of sh!t on the issue but most people who are against illegal immigration are 100% on board with these propositions (and more).

In fact, you're the only liberal I've ever met who doesn't believe us. Most people prefer the tactic of calling us racist for wanting these policies. But strangely enough, you have pivoted to thinking we really don't want these things to happen. LOL. Strange turn but equally wrong.
 

GopherJake

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Most people I know against illegal immigration are 100% in favor of both of those measures.

Enormous fines for any company that is caught hiring illegals.
Arrest and deportation of all illegal aliens and their families.

Most of us are in support of these points. You're right, a lot of conservative politicians are full of sh!t on the issue but most people who are against illegal immigration are 100% on board with these propositions (and more).

In fact, you're the only liberal I've ever met who doesn't believe us. Most people prefer the tactic of calling us racist for wanting these policies. But strangely enough, you have pivoted to thinking we really don't want these things to happen. LOL. Strange turn but equally wrong.
Then why was nothing passed when Rs had complete control?
 

Wally

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Many of the cities and states run by the left refused to work with federal agents during the Trump era. California chief among them. Does the term "sanctuary city" ring a bell with you?
They could have made it so you cannot pay illegals. Local politics wouldn't matter, the feds and IRS could prosecute them all. Lock up every farmer employing illegals and everyone else employing them. Just do it.
 


Bob_Loblaw

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Then why was nothing passed when Rs had complete control?
Because an enormous amount of Republicans don't agree with what I said or only pretend to agree with it. Politicians are full of sh!t, that's across both lines.
 

Bob_Loblaw

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Because it would completely trash our economy is why.
You think trashing the economy stops the government from acting? You might be one of those broken clocks that doesn't have any hands.
 

GopherJake

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Because an enormous amount of Republicans don't agree with what I said or only pretend to agree with it. Politicians are full of sh!t, that's across both lines.
I'm not tracking this conversation closely, so admittedly I may be off-base here, but that seems pretty close to making Wally's point for him.
 

Wally

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You think trashing the economy stops the government from acting? You might be one of those broken clocks that doesn't have any hands.
They care if it hurts their donors and voters.

What would the price of milk be if we got rid of illegals. $10/gallon maybe more.
 




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