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Posted

 

WHAT ?

 

 

Not a chance. The Hill knows it. We all know it.

 

Regardless of how anyone of any political persuasion feels about Donald Trump,

 

there’s no denying that the media never bent over for him the way they’re bending over for Joe Biden.

 

 

  • 3 weeks later...
Posted

 

A NOTE ON INFLATION

 

 

You’d think it would hardly need restating that inflation is chiefly caused by monetary profligacy by the government (especially the Federal Reserve and other central banks that think they can “create” money out of thin air), but the Biden Administration began on an ominous note with Slow Joe proclaiming that “Milton Friedman isn’t in charge any more.” Well, the CPI seems to have something to say about that.

 

Economist and former Fed Board member Kevin Warsh (whom I’ve met and think is the bee’s knees on these subjects) writes in today’s Wall Street Journal that the Fed is the main culprit, and worse, that the Fed may actually be running behind Joe Biden’s learning curve right now, which is amazing to contemplate:

 

Inflation is a choice. It’s a choice for which the Fed is chiefly responsible. The risk of an inflationary spiral arises when policy makers first dismiss the problem and then cast blame elsewhere. Inflation becomes embedded in the price-formation process when the central bank acts belatedly or with insufficient conviction. To date, the Fed has acted as an enabler.

 

The sure sign of a problem: when a president gives voice to the scourge of inflation—and takes executive action—well before the central bank acknowledges the severity of the situation. .

.

One interesting part of Warsh’s argument is that the surging stock market is actually a bad sign:

 

 

https://www.powerlineblog.com/archives/2021/12/a-note-on-inflation.php

 

 

 

 

 

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  • 4 weeks later...
Posted

 

 

US Inflation Soared 7% in Past Year, the Most Since 1982
 

Prices paid by U.S. consumer jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America’s households.

 

 

https://www.usnews.com/news/business/articles/2022-01-12/us-consumer-prices-soared-7-in-past-year-most-since-1982

 

 

 

Posted
3 minutes ago, Over 29 years of fanhood said:

Yep…. We’ve passed him going back in the time machine and we’re headed for Carter. 
 

 

01Dowd-mobileMasterAt3x.jpg

 

 

 

  • Haha (+1) 1
Posted

 

 

 

BUILD BACK BRANDON! 

 

December prices rise 7 percent, compared to a year ago, as 2021 inflation reaches highest in 40 years.

 

In March, Robert Reich’s column at Newsweek was headlined, “This Is Biden’s LBJ Moment.” It sure is, Robert. It sure is.

 

 

 

https://www.washingtonpost.com/business/2022/01/12/december-cpi-inflation/

 

https://www.newsweek.com/this-bidens-lbj-moment-opinion-1574562

 

https://pjmedia.com/instapundit/491316/

Posted
4 minutes ago, Doc said:

 

And Biden will join them.

Naw, Biden is at a higher level than POS Trump. 

 

 

I forget, but didn't Trump lose the popular vote twice? 

 

Didn't Biden WIN the popular vote? 

Posted (edited)
4 minutes ago, Tiberius said:

Naw, Biden is at a higher level than POS Trump. 

 

 

I forget, but didn't Trump lose the popular vote twice? 

 

Didn't Biden WIN the popular vote? 

 

Joey's a disaster.  Even without fake scandals being created against him. 

 

We'll see how much of the popular vote he gets this time after this disaster of a first term and election laws going back to before 2020.  Not that he's going to (be) run again.

Edited by Doc
Posted
2 hours ago, Tiberius said:

Trump was Carter. One term loser 

 

Keep on topic Tibs. 

 

What is the Fed planning on doing to ease inflation this year?  Hmmmm.......It sounds very familiar.  

1 hour ago, Tiberius said:

Naw, Biden is at a higher level than POS Trump. 

 

 

I forget, but didn't Trump lose the popular vote twice? 

 

Didn't Biden WIN the popular vote? 

 

So popularity will WIN (Whip Inflation Now)?  Again....stay focused on the topic at hand.  

 

  • Thank you (+1) 2
Posted

One positive with this high inflation is that retirees will see a 5.9% increase in the SS checks.  Oh wait.....that will pretty much all be wiped out by the increase in their Medicare Premiums.   Government rocks!!  :rolleyes:

  • Agree 1
Posted

 

 

 

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Push play and watch Joe go !

 

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