Current Events > Remember when people said it was ok to print all that money as stimulus.

(+) Yeah! (+)

That inflation won't come back to bite us.

https://www.bloomberg.com/news/articles/2021-07-13/u-s-consumer-prices-increased-in-june-by-more-than-forecast#:~:text= The%20consumer%20price%20index%20jumped,largest%20advance%20since%20November%201991.

It's biting us.

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i'm sure a pandemic and 4 years of fiscal mismanagement didn't do shit.

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I don't know if there wasn't a single person that didn't the stimulus packages to kill inflation rates.

Only ones that weren't saying it were people that don't pay attention or don't know how inflations works.


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I'm fine with the stimulus.

Infinite QE and corporate debt purchases by the Federal Reserve were the biggest fucking rip-off ever pulled on the economy.

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TC your commentary demonstrates a very poor understanding of the article you posted

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TheGoldenEel posted...

TC your commentary demonstrates a very poor understanding of the article you posted

Welcome to Squall28

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TheGoldenEel posted...

TC your commentary demonstrates a very poor understanding of the article you posted

Don't believe the Fed's lies.

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Nobody said it would be completely fine, just that it was a necessary evil. Maybe next time we could try electing someone who's actually competent and who won't actively ignore a pandemic playbook left by the president beforehand and we won't need to go into yuge levels of debt but that's just a level of foresight Trumpanzees lack the mental capacity to have.

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VitalGetPrank posted...

Nobody said it would be completely fine, just that it was a necessary evil. Maybe next time we could try electing someone who's actually competent and who won't actively ignore a pandemic playbook left by the president beforehand and we won't need to go into yuge levels of debt but that's just a level of foresight Trumpanzees lack the mental capacity to have.

It was worse than ignore. He took action to get rid of it.

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TC, do you remember that time you made a post that wasn't completely uninformed and poorly thought out? Yeah, me neither.

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ScazarMeltex posted...

TC, do you remember that time you made a post that wasn't completely uninformed and poorly thought out? Yeah, me neither.

*prints a bunch of money*
*damages the supply chain by killing the labor force supply and trying to force higher salaries*

It's just "transitory" inflation! Nothing to see here folks.


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Bank bailouts? Fine
airline bailouts? Fine
farmer bailouts? Fine
corporate welfare? Fine
more bank bailouts? Fine
auto industry bailouts? Fine
perennial Israel money giving? Fine

some relief for the people because of covid? ZOMGERS TEH INFLASHUN!!!

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interesting that you blame the stimulus and not the fed printing literal trillions of dollars to delay stock prices falling for a couple hours

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Squall28 posted...

*prints a bunch of money*
*damages the supply chain by killing the labor force supply

Thanks Trump

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Used vehicles accounted for more than a third of the gain in the CPI, the agency said. The outsize increase was also driven in large part by the pricing rebound in categories associated with a broader reopening of the economy including hotel stays, car rentals, apparel and airfares.
Expectations that those increases will normalize help explain the Feds view that inflation is transitory.
Inflation surprised substantially to the upside in June but, once again, owing to outsized increases in prices in a few categories, said Michelle Meyer, head of U.S. economics at Bank of America. This reinforces the idea of transitory inflation.

shrug emoji

Squall28 posted...

*damages the supply chain by killing the labor force supply and trying to force higher salaries*

what evidence do you have that the supply chain is damaged

Garioshi posted...

interesting that you blame the stimulus and not the fed printing literal trillions of dollars to delay stock prices falling for a couple hours

to be fair the fed mostly uses this money to purchase treasuries and suppress investors' desire to dump stocks and flee to bonds

like there is a thing to not like about this, and it's the eventual spike in interest rates, but inflation is not that thing

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tc literally advocating for americans to be homeless and starving.

*thumbs up*

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Thanks Trump

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