Pokebball Posted November 27, 2023 Posted November 27, 2023 Just now, Tommy Callahan said: yeah, but, something something about going out for 4 steak dinners at a nice restaurant 1
Tiberius Posted November 27, 2023 Posted November 27, 2023 33 minutes ago, Tommy Callahan said: Most Americans can't remember that far back. BS
Tommy Callahan Posted November 27, 2023 Posted November 27, 2023 5 minutes ago, Tiberius said: Most Americans can't remember that far back. You can only speak for yourself tibs. Sorry about the cognitive issues 1
sherpa Posted November 27, 2023 Posted November 27, 2023 1 hour ago, The Frankish Reich said: Absolutely true. It was during COVID, and was meant to protect US oil producers, so you can argue about whether or not it was a good idea, but you can't argue about the fact that it happened. Of course he did, and we have discussed this before. OPEC and the Saudis in particular, were interested in allowing the price to fall so far that US producers would be unable to sustain operations. The result of that would have been a dramatic supply crunch when things returned to some level of normal economic activity, and a huge increase in OPEC market share with the US out of the picture. It was a sensible thing to do. Keep in mind that Saudi production costs per barrel are around $10. US production costs per barrel is a bit over $50. Trump, sensibly, did not want to see the US energy production capacity crushed. 1
Tiberius Posted November 27, 2023 Posted November 27, 2023 7 minutes ago, B-Man said: Gas prices have fallen. Inflation is reduced. 1
Tommy Callahan Posted November 27, 2023 Posted November 27, 2023 8 minutes ago, Tiberius said: Gas prices have fallen. Inflation is reduced. you all said over and over again that gas prices and inflation were global and had nothing to do with Biden. 1
Tiberius Posted November 27, 2023 Posted November 27, 2023 1 minute ago, Tommy Callahan said: you all said over and over again that gas prices and inflation were global and had nothing to do with Biden. Yes, thanks! True
Pokebball Posted November 27, 2023 Posted November 27, 2023 27 minutes ago, Tiberius said: Gas prices have fallen. Inflation is reduced. Now do the "under biden" part 1
Tiberius Posted November 27, 2023 Posted November 27, 2023 1 minute ago, Pokebball said: Now do the "under biden" part Not much he can do about it. Biden's good, but no president is so good as to have that much control. Reagan had a lot of inflation in his first term
Pokebball Posted November 27, 2023 Posted November 27, 2023 6 minutes ago, Tiberius said: Not much he can do about it. Biden's good, but no president is so good as to have that much control. Reagan had a lot of inflation in his first term So what was your argument? 1
Tiberius Posted November 27, 2023 Posted November 27, 2023 Just now, Pokebball said: So what was your argument? That it will be fine
sherpa Posted November 27, 2023 Posted November 27, 2023 23 minutes ago, Tiberius said: Reagan had a lot of inflation in his first term Totally inherited from the Carter disaster. Remember the "misery index?" Depending on severity, it takes a bit of time to get inflation under control unless there is a shock to the economy. 2
Pokebball Posted November 27, 2023 Posted November 27, 2023 19 minutes ago, Tiberius said: That it will be fine can I get a hug 2
Doc Posted November 27, 2023 Posted November 27, 2023 2 hours ago, Tommy Callahan said: Dang, 80% means a good number of Dems in there. 2 hours ago, Pokebball said: yeah, but, something something about going out for 4 steak dinners at a nice restaurant Good old credit cards. Gonna be hitting $2T before you know it... 1
Tiberius Posted November 28, 2023 Posted November 28, 2023 20 hours ago, sherpa said: Totally inherited from the Carter disaster. Remember the "misery index?" Depending on severity, it takes a bit of time to get inflation under control unless there is a shock to the economy. Carter inherited inflation from the Nixon-Ford years, and it is interesting to note that Reagan used Carter's solution to end the inflation with Paul Volker's interest rates rise. If you think Carter was a disaster, what can you say about Nixon? Carter was a vast improvement. Heck, looking at how many Nixon and Reagan officials were sent to prison, Carter's administrtaion stands out as an oasis of good government
sherpa Posted November 28, 2023 Posted November 28, 2023 4 hours ago, Tiberius said: Carter inherited inflation from the Nixon-Ford years, and it is interesting to note that Reagan used Carter's solution to end the inflation with Paul Volker's interest rates rise. If you think Carter was a disaster, what can you say about Nixon? Carter was a vast improvement. Heck, looking at how many Nixon and Reagan officials were sent to prison, Carter's administrtaion stands out as an oasis of good government Cater was a disaster in every sense. To claim it was an "oasis" is insanity. Inflation was becoming a problem during the Ford years, but nothing like what happened during the Carter term. His solution to an unnecessary energy crisis was to turn down thermostats. Absolutely no leadership. Left the military in shambles, leading to massive retention problems and very dangerous readiness issues. He was despised by the officer corps. He was also a rude, arrogant phony, who put the US at risk by not allowing the "football," the nuc codes to be brought into Plains when he was there. The reason he got demolished in his reelection campaign was certainly not because he was "an oasis of good government." Even the Dems despised him, resulting in a challenge from Kennedy. By the way, the Federal Reserve is an independent entity.
Irv Posted November 29, 2023 Posted November 29, 2023 (edited) 7 hours ago, B-Man said: . Bidenomics. What a mess. Edited November 29, 2023 by Irv 1
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