Run away inflation is Biden’s fault, and only Biden’s fault. Here is the proof

How many times have libs on this board deflected the inflation blame away from Biden by saying inflation is worldwide? I guess when they believe everything Biden, Psaki and Pelosi say then in their minds that’s true, but it’s not.

Inflation in this country is tattooed to Biden’s forehead, he owns it.


Biden blames Putin and US oil companies for the rising prices making Americans' lives miserable, but the TRUTH is that runaway inflation is his own fault - and a new chart decisively proves it, writes former restaurant empire CEO ANDY PUZDER

If one listened to President Joe Biden's speech on Thursday, they may come away with the idea that there are two villains behind the severe economic pain that Americans are experiencing.

According to Biden, it is the fault of Vladimir Putin and American oil companies that gas prices are at record highs.


'I know how much it hurts…' the president said. '[Some U.S. oil companies] don't want to increase supply because Putin's price hike means higher profits.'

His point is: Blame them. Not me.

He sounds like a broken record.

But put aside for a moment the president's disturbing rhetorical lumping together of a murderous tyrant and US executives – the bottom line is that what the president said is terribly misleading.

Runaway inflation – much more than just gas prices alone – is depleting the savings of hard-working Americans.

And we can now say that Biden's massive government spending – not war in Ukraine or greedy US corporations – is largely responsible for inflation.

A new San Francisco Federal Reserve study released this week contains a chart showing that U.S. inflation spiked in early 2021 at almost precisely the same moment that Biden signed his massive $1.9 trillion Covid 'relief' bill.



U.S. inflation exploded from below 2% in early 2021 to nearly 5% at the end of 2021

The study, titled 'Why Is U.S. Inflation Higher than in Other Countries?' compares inflation in the U.S. to inflation in other Organization for Economic Cooperation and Development (OECD) countries.

You can literally see the inflationary impact of Biden's $1.9 trillion debacle.

U.S. inflation exploded from below 2% in early 2021 to nearly 5% at the end of 2021, unlike the average in Canada, Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the U.K. (Shown on the chart as the red shaded area).

Average inflation in the OECD sample increased from around 1% to 2.5% by the end of 2021.

https://www.dailymail.co.uk/news/ar...n-blame-inflation-Former-CEO-ANDY-PUZDER.html

 

It's undeniable.

 

how Quickly some Republican forget - GREAT for the oil and gas industry, course it SUCKS for consumers

 

the fed doesn't do this during a great economy... yet before Covid, they were doing just this

Giving the rich billions and billions, causes inflation.... who knew?

hey, but at least Trump told you stock prices were doing good while the economy Crumbled


"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

The USA is not in a good place financially as our economy, inflation, and shortages get worse. It's Biden's fault due to his policies just like it was when Carter was president and the country turned to a republican named Reagan. It will happen again but it's anyone's guess who that republican will be.

 

So Bidens COVID bill is to blame but Trump adding 8 trillion to the national debt had no effect?

It's amazing some of you think inflation happens over night.

 

I've tried to debunk that in another thread.

For those who think the Ukraine conflict has anything to do with high gas prices

 

Wow, you should write a textbook on macroeconomics. Your hypothesis that government money that hasn't even been spent yet can cause runaway inflation is truly revolutionary.

In reality, inflation is a lagging economic indicator, usually showing a 1 to 1 1/2 year delay after policy changes.

And then there is this:



So, explain why the Biden stimulus caused runaway inflation and the stimulus packages in EU countries did not, even though they were of comparable size with respect to % GDP?

Of course, this is all overlooking the fact that Trump had his own covid stimulus, he even put his name on the check. So, how come that Biden's stimulus caused inflation, but Trump's didn't?

Now, I am the first to admit that the Biden covid stimulus was ill conceived (although understandable at a time when the second covid wave was at its peak). Monday morning quaterbacking is always easy....

 

Yeah, spot on post^^^, but it doesn't work well for the mid term smear campaign by the Trump Party. Reality is not relevant so no critical thought needed. It's worrisome that the Trump Party appears to be set to take Congress in November, doesn't bode well for the country as a whole and the media is again totally focused on the simple and the drama.

 

I’m not a liberal and this whole forum should know that. Nor do I support Biden. The only thing I support with Biden is his inevitable removal. But… inflation is not his to bear alone. Trump gave free money and signed huge spending bills as well. He even argued for more free money saying the amount given was not enough. He also wanted more spending. That said, I’m sure it would have happened under him as well. However I don’t think it would have happened as much and the war in Ukraine I don’t think would have ever happened. Thus the gas prices would have remained low reducing the inflation we’re seeing now. He also wouldn’t have demonized oil and helped our oil industries ramp up. We also would have the pipeline Biden shutdown. We likely would not have college forgiveness as long as it has. We wouldn’t have had the free housing for renters as long as well. Inflation most definitely would be less under Trump and anyone who argues differently is lying to themselves. Let’s not forget which candidate wanted to open the economy sooner.

 

You’re right to point this out. It’s no lie you are talking but Biden’s policies most definitely caused higher inflation than the Trump policies would have. That’s also a truth that can not be denied. We still would have inflation under Trump. High inflation even. But not as high as Biden’s.

 

If Biden is even the one coming up with the policies coming out of the White House.
There's a good chance that he's a little too geratric to actually do that, so the economic policy is probably actually being drafted by White House Secretary Susan Rice, in conjunction with advice from Left-leaning Democrat cabinet advisors and Democrat committee members in Congress.

Biden's of course not dumb but he is a little slow, doesn't have a lot of mental energy, and isn't always "entirely there", so it's unlikely he's the one actually coming up with all the decisions. They probably just hand him stuff to sign.

 

The Donald sent the first and second COVID checks out IIRC. This is what happens when you give consumers free money---they consume like it is free stuff. That said, sure Biden has bungled pretty much everything he has touched, but neither party has clean hands here.

 

Biden And America Needs to Brace for a Brutal Inflation Report.

Reduced To Worthless Vulgarities.​

A Continuation of Obama/Biden, failure followed by blame fixing and finger pointing, rather than solutions.

 

I don't blame Biden, he's senile. I blame the stupid fauchin schiffheads that voted for him.

 

Again, coincidence does not prove causation. This is a logical fallacy.

Do you know how inflation works? The causes and drivers of inflation are based on a variety of factors. Inflaiton is usually a lagging economic indicator, not a leading one. Which means that as demand increased, the supply did not increase fast enough, hence capitalism. Supply has not increased because of supply chain disruptions from around the globe. And none of that is under the pervue of the President, more like private industry, FED, etc.

https://www.forbes.com/advisor/inve...lation has been driven,of the economy in 2021.

 

Fake News, it's a real time indicator. The market is when a buyer makes a purchase establishing price point.

Fake News. Babbling Biden Creepy Whisper voiced that by giving workers money to stay home that he would increase their real wages. He's an idiot and a fool. What he did was create the shortages the lit the furious fires of inflation that have reduced the real wages of workers, just as everyone with a brain warned Babble Boy and the Democrats that this is exactly what would happen if they were stupid enough to fund a general strike against the Covid Hit Economy that was trying to emerge from lockdowns.

The FED is not private industry.

And you are screwing up the talking points you memorized, they are now blaming Putin, they were blaming "supply chains" before they blamed Putin. Always with these folks it's finger point and blame fix, never an acceptance of responsibility and solutions.

Psaki: We expect inflation numbers out tomorrow to be 'extraordinarily elevated'

David Burge @iowahawkblog

"If you repeat "Putin's price hike" in a bathroom mirror 3 times the bad polls will go away."

Al "Not So" Sharpton say Left is "going to lose black voters because they didn’t understand that rising crime and inflation are real problems that can’t be spun by “limousine liberals.”"

Clip is "cued up to the portion about crime but by the end Rev. Al is bring up inflation on his own."

​

I already warned you that women on the Left are finding us increasingly adorable.

 

Proof positive that it is Biden’s fault.....

 

Just because the answer does not fit your myopic political ideology is not fake news. In economics, there are leading and lagging economic indicators. A lagging economic indicator means that other things happend PRIOR to the indicator going up or down.

this link explains the following:
"Inflation: Inflation is another lagging indicator, demonstrating that demand has increased due to economic growth, and prices are rising to reflect the growing demand."

Uhm stayinig home and getting paid? The first stimulus checks came under Trump, in 2020 and and a second was passed in the FY 2021 budget at the end of Trump's term. Neither prevented people from statying. The real reason is that the aveage person does not want to be around other possibly sick people who may have Covid and they certainly didn't want to be around Karens or Kims out there trying to same them either. Furthermore, you just can't flip a switch and expect everybody to go back as nothing has happend. This is not the movies here, Solyent Grent or Atlas Shrugged. And all that was a fantasy created by conservatives on TV and talk radio who had absolutely no idea what they were talking about and never will.

I don't do talking points. I do my own research, better or worse, and have extensive knowledge and experience in several areas, traveled extensively on my own, and so forth. Been lucky, privledged, blessed in that and learned a lot, beginning at an early age. When it comes to law and immigration, I tell it like it is with little to no political bias whatsoever. Been doing this for a long time in my career and now I'm retired.

I really don't care what Al Sharpton says or does not say. I do commend him to help stop teen pregnancy back in the 90s when he teamed up with the Rev. Jessie Falwell, but that is the extent of my respect for him.

as for Psaki, nothing what she said has anything to do with the fantasy world of a modern conservative who is pulling stuff out of his arse and thinks it should be taken seriously on Twitter.

​

[/QUOTE]I already warned you that women on the Left are finding us increasingly adorable.[/QUOTE]
Another Westworld fantasy by RW propoganda. If a woman finds you attractive, it won't be the politics. It would be your humor, personality, treating her right, etc.

 

Your linked source isn't very bright, or assumes that you aren't. Rising prices may also occur for a number of other reasons.

Neither were inflationary. It was the Biden/Democrats round when it was time for workers to return and supply the needed goods and services that the COVID emerging economy needed that was one too many trips to the well. Biden and the Dems were warned loudly and repeatedly, even by Democrat Treasury Secretary Larry Summers but the bastards wouldn't listen and now gas is higher every time folks gas up. Working folks are hurting and all you offer is finger pointing, blame shifting and no solutions.

Good Lord, it's like Kamala is infectious or something.

What in the hell are you going on and on about now?

All that counterwallering won't feed a single child or put a single gallon of gas into tank of a struggling single mom who needs her car to get the work. "Ride A Bike!" they said, "Just by a $50,000 Electric Car!" they said.

We'll see how the inflation report is tomorrow and see if Biden and the Dems have done a single damn thing to mitigate the terrible damage to the US economy their hubris has unleashed.

​

1.06% GDP in the First Quarter? That's your "red hot" economy?

I'm not impressed with your foul mouthed vulgarities.

Westerwho? It's hard to say say why we're so irresistible, but, women voters are saying loud and clear that this Biden/Dem crap economy isn't working for them at all.

Why don't you go dazzle them with your fancy economic "facts" about how grateful they should be for the Biden/Dem economy that sucks and is making it harder and harder for them the longer it goes on?

In Nov, it's time to vote for better policies that meet the needs of hard working Americans.

Loves her school age children, GOP curious.​

 

The impact of any President on a national economy is vastly overblown and delayed. The impact of the federal govt on the national economy is vastly overblown and delayed. The cumulative impact of any administration (assuming consistent policies over years and years and the cooperation of Congress and 50 state govts and no counteracting measures in Europe, Asia, South and Central America etc not moving in a cross current direction) will very slowly begin to show some effect after 3-5 years. It's like turning the wheel on a super ship cruise liner and expecting the damn thing to maneuver around iceburgs in 10 minutes.

The stock market responds quickly to appointments, tax and spending proposals, and federal reserve decisions. They rarely matter. Long term impacts to policy are marginal because they are so often symbolic, or undermined, or heavily diluted. The macro-economic behavior trends and many micro-economic behavior trends that govt hopes to alter, take years for private enterprise to plan, execute and have an impact.

This inflationary cycle was long overdue in the first place. The last one was 30 years ago. But some of the seeds were sown in droughts, firestorms, and severe weather events in 2019, 2020, 2021 that impacted infrastructure, housing, brick and mortar businesses, and crops.

Covid created huge global inflationary pressures. If it impacted commerce, production, food or commercial supply chains or labor then it impacted prices and we know that Covid impacted all of the above.

I definitely agree that Biden Administration efforts to blame Putin are pretty silly. Gas prices were heading upwards for several months before the invasion. That 'Putin tax' line is as lame as it is desperate.

 

Al Sharpton Warns Democrats On Woke, Inflation, Crime, Defunding The Police.

They are blowing it on every front.

We've been warning you guys for a decade, and now suddenly 200 days before the election, you finally wake up?

"We really have descended into some sort of bizarre hell-world when Al Sharpton is a voice of sanity."

You Mean Burning The Cities Down Wasn't A Good Idea?

And it's not just Blacks that this Biden and Dems Stuff isn't working for:

​

It gets even better: The Democrat Party Is Further Left than Al Sharpton.

​

Some of the best Republicans were former Democrats.

 

Reagan is turning in his grave at Trumpism

 

Sigh. Such a typical lefty mindset, hate the rich, everything is their fault, if only they paid more in taxes, everything would be bee-eea-aay-why beautiful. But it is, as usual, completely wrong.

You remember those $1,200 checks Uncle Joey sent out to everyone in the country early last year? That he "paid for" by creating money out of thin air? That is why inflation is running on afterburners. The Ukraine thing isn't helping, that much is true, but absent those checks, we would not be in this boat.

Anyone who has taken Econ 101 can explain it to you if you need help understanding.

 

Sigh. Such a typical Righty mindset, more tax cuts for the rich, everything is the working classes fault

that bipartisan bill, same as the ones under Trump?

Snipping out my post, why? leave my post as is and make your own reply

my original post