8 8
Phil1111

President Biden, critics corner

Recommended Posts

26 minutes ago, brenthutch said:

Yes, and not just at the pump, the grocery store and housing market as well.  Printing two trillion dollars and dumping it into an already growing economy, predictably, resulted in the higher prices we are enduring now.  
...

That’s why you think gas prices are up? I’m surprised you didn’t mention the cancellation of Keystone XL. That would be way easier to try to back up.

Share this post


Link to post
Share on other sites
26 minutes ago, brenthutch said:

Yes, and not just at the pump, the grocery store and housing market as well.  Printing two trillion dollars and dumping it into an already growing economy, predictably, resulted in the higher prices we are enduring now.

Cancelling the Keystone project would at most affect the price by about ten cents/gallon - If that. The cold snap in Jan/Feb of this year was so hard that it shut a lot of refineries in the south down. It is strictly a supply & demand issue. But, you got an MBA, so you knew this. 

Nor, is he printing two trillion dollars. There's a lot of reasons not to like Joe, but make them factual.  

Share this post


Link to post
Share on other sites
1 minute ago, BIGUN said:

Cancelling the Keystone project would at most affect the price by about ten cents/gallon - If that. The cold snap in Jan/Feb of this year was so hard that it shut a lot of refineries in the south down. It is strictly a supply & demand issue. But, you got an MBA, so you knew this. 

Nor, is he printing two trillion dollars. There's a lot of reasons not to like Joe, but make them factual.  

Where did the two trillion dollars for the American Rescue Plan come from?  Quantitative easing anyone?  Why is the cost of housing increasing?  Food? Furniture? You are correct, it IS a supply and demand issue.  The over-supply of cash chasing too few goods have resulted in inflation and lower real wages for Americans 

Share this post


Link to post
Share on other sites
7 minutes ago, brenthutch said:

Why is the cost of housing increasing?  Food? Furniture? You are correct, it IS a supply and demand issue.  The over-supply of cash chasing too few goods have resulted in inflation and lower real wages for Americans 

I take it you have not heard of the logistics issue and supply issues....

Share this post


Link to post
Share on other sites
(edited)
8 minutes ago, SkyDekker said:

can't be from Biden, cause higher up you claimed it was for people to stay home....

 

 

Let me rephrase. “When you pay people for not working” Where do you think all of that extra  discretionary $$$ came from to pay for all of that additional driving?

Edited by brenthutch

Share this post


Link to post
Share on other sites
9 minutes ago, brenthutch said:

“When you pay people for not working” Where do you think all of that extra  discretionary $$$

If you replace income people would have otherwise derived from working, you have not increased discretionary income. So in your above question that money would have gone to the same costs they had before..

Share this post


Link to post
Share on other sites
3 minutes ago, SkyDekker said:

If you replace income people would have otherwise derived from working, you have not increased discretionary income. So in your above question that money would have gone to the same costs they had before..

Two factors are at play.  One is paying workers not to work, creating a labor shortage, the other is dumping thousands of dollars into the account of those who never lost a paycheck creating a surge in demand. 

Share this post


Link to post
Share on other sites
4 minutes ago, brenthutch said:

One is paying workers not to work, creating a labor shortage, 

Wasn't the stimulus $1,200? How long can you pay rent and live for that amount of money?

6 minutes ago, brenthutch said:

the other is dumping thousands of dollars into the account of those who never lost a paycheck creating a surge in demand.

But you advocate for tax cuts for rich people, which effectively dumped millions of dollars into accounts of people who already had millions....

Share this post


Link to post
Share on other sites
9 minutes ago, SkyDekker said:

But you advocate for tax cuts for rich people, which effectively dumped millions of dollars into accounts of people who already had millions....

If that were the driver of inflation we would have seen it years ago, but no, we see it now, after the implementation of Biden’s policies 

Share this post


Link to post
Share on other sites
4 minutes ago, brenthutch said:

If that were the driver of inflation we would have seen it years ago, but no, we see it now, after the implementation of Biden’s policies 

Which goes to show that "dumping money into accounts who didn't need it" isn't the driver. And the people who did need it didn't derive additional discretionary income from it. In other words: your talking points don't make sense.

Share this post


Link to post
Share on other sites
33 minutes ago, SkyDekker said:

If you replace income people would have otherwise derived from working, you have not increased discretionary income. So in your above question that money would have gone to the same costs they had before..

I don't think it's that simple. I know for a fact that a lot of people looked at that 1200 bucks and their surplus unemployment payments like lottery winnings and just blew it on pointless crap like skydiving. Our staff received a lot of $50 and $100 tips from people on the dole who weren't burdened with a rent payment owing to the eviction ban. Nor were they particularly burdened with what happens when the music stops. I am not saying that in all situations injecting capital into the system will fail to achieve positive results. I am saying that after watching this year I'm of the mind that just handing out support in the form of chunks of cash and hoping for responsibility may not be the best solution.

  • Like 1

Share this post


Link to post
Share on other sites
(edited)
15 minutes ago, SkyDekker said:

You don't say. I am shocked that macro economics cannot be contained within 140 characters. Next you'll tell me you can't just simply say that Biden printing money caused gas prices to go up.

You are correct, here is another 

The left’s war on fossil fuels has let to a reduction in investment.  Less investment = less production = less supply = higher prices 

Edited by brenthutch
  • Like 1

Share this post


Link to post
Share on other sites
10 hours ago, brenthutch said:

You are correct, here is another 

The left’s war on fossil fuels has let to a reduction in investment.  Less investment = less production = less supply = higher prices 

Which drives conservation and EV purchase and usage. It sounds like the left is winning.

Perhaps I'll have to move from the right to the left.

Share this post


Link to post
Share on other sites
Just now, Phil1111 said:

Which drives conservation and EV purchase and usage. It sounds like the left is winning.

Perhaps I'll have to move from the right to the left.

When supply chain issues caused a shortage of fuel at petrol stations in the UK, there was a massive boost in enquiries about electric cars. The best-selling model in the UK as of June 2021 is the Tesla Model 3, so their lead will probably only increase...

Share this post


Link to post
Share on other sites
(edited)
1 hour ago, wmw999 said:

I think that’s kind of the point. Just sayin’

Wendy P. 

And that was my point (one of them anyway). Biden says he is going to end fossil fuels, that scares away investment which results in less supply, driving up prices.  Voters don’t like high prices and the Dems will learn that harsh lesson in the mid-terms, if not sooner.

Edited by brenthutch

Share this post


Link to post
Share on other sites

Many younger voters understand that they will have to live in this world, and think that reducing reliance on fossil fuels will help that. Yes, those are the ones who can afford to — just like it’s the people who can afford health care who catch health problems early. 
100 years ago, there were still people using horses for their transportation needs in the US (not including deliberate religious decisions like Amish). 50 years ago that was probably true in other parts of the world. Now, in the US, the infrastructure just won’t support horses any more. 
Wendy P. 

Share this post


Link to post
Share on other sites
12 hours ago, brenthutch said:

You are correct, here is another 

The left’s war on fossil fuels has let to a reduction in investment.  Less investment = less production = less supply = higher prices 

Higher prices = tight oil becomes profitable = American wells can produce at a profit again = more jobs = more production = lower prices.

Which of those do you abhor?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

8 8