Despite the entire planet being rocked by higher inflation we are still leading the world.
Higher inflation is happening everywhere!
Worse in many other countries.
...."bigly" yes.
@kcblitzkrieg
Certainly, if for no other reason but by simple default.
But to ‘reverse’ anything Biden has done with new legislation would require help from Congress and he is unlikely to have enough of that. Sure, some EOs would help.
Very rarely can inflation be directly tied to a President’s actions. However, in this case, a part of it is directly related to the influx of money into the economy. This is directly a Biden policy, along with the Democrats in Congress.
When you put $3T into the economy and have that flowing through the system coupled with the supply issues — you have a classic example of ‘too much money chasing too few goods’.
Even in a time without a Pandemic this was resulting in only a .4-.5% increase in buying goods. So, we seem to think the folks were stashing the money into savings and using it as income-replacement.
Then you couple that with the FED’s mismanagement of the situation. They are always either reacting too late and too slow or ‘fighting the last battle’. I talked about this at the beginning. The FED should have gotten out in front of this and not tried to downplay the potential for inflation, then that the rate of increase would be short-lived, and then that it would be coming down soon.
They needed to get out in front of this. They knew it was coming; we all could see this coming. They did not and this is all on Powell. Certainly, the next guy might be ‘lucky’ with natural actions making things better — but he has to take the blame and go. That is what the job comes with. You can easily argue he got ‘unlucky’ with the times, just as you can say Greenspan got ‘lucky’ with an easily managed economy. But he absolutely should be replaced.
Then add the way the managers of companies got ‘spooked’ and had to cut back and sell off, etc. Some of these actions seemed appropriate at the time, but obviously, in hind site were completely the wrong thing to do.
So, yes, if Trump were to reverse some of the poor decisions of Biden that he can; get some help from Congress to pass helpful legislation; replace Powell with a better manager — then all of that would help.
But the easiest way to see Trump having success at getting it down is simply by default. Because, if no further poor legislation spending bills are pushed through this will get through the system soon.
The way I see it that can be somewhere between 18-24 months.
Then it will be like most things that happen when someone is in office: they get credit for the good and blame for the bad.
The question would be if it would get much worse than it currently is and I do not think so.
But for sure, some of the same thing that happened last time is that just the ‘idea’ of a business-friendly President coming into office will help. The companies, energy sector, and markets will react to this. This anticipatory reaction could help him with the inflation as well. Obviously, a different direction is needed and you will not get that with Biden and the Democrats in charge.
House Democrats kill the bill against raping children
Colorado falls in the top 20 states for human sex trafficking, often of children. We could top the list after Colorado legislators rolled out a welcome mat for perverts.
It seems inconceivable that elected officials would signal Colorado as a friendly state for adults to have sex with children — which is always rape — who are sold by foreign cartels and domestic sociopathic profiteers. Yet, that’s what Democrats on the House State, Civic, Military and Veterans Affairs Committee — the “kill committee” — did last week.
They sent a message that Colorado doesn’t care much about adults who use child prostitutes. Just as soft-on-crime drug laws have attracted drug dealers and traffickers, this will bring in people who sell children for sex and those who patronize them.
“The United States is the No. 1 consumer of sex worldwide. So, we are driving the demand as a society,” said Geoff Rogers, co-founder of the United States Institute Against Human Trafficking.”
Sad to see. We must protect our children.
Worse in many other countries.
Sick! how dare democrats even think of enabling pedos those bastid !!! 
Despite the entire planet being rocked by higher inflation we are still leading the world. Higher inflation is happening everywhere!
@fubah2
thank you for your thoughts on the matter 
You're right, we should protect the children. Shame on the democrats for what they've done to NOT protect our young children.
Biden administration strengthens military alliances with Japan and Philippines to oppose China. Ditto for South Korea, Taiwan and Australia. In contrast, Trump administration weakens alliances. For examples, NATO and abandonment of international agreements such as Trans Pacific partnership.
The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung Electronics to expand its chip production in central Texas as part of a broader effort to boost US chipmaking, the Department of Commerce said on Monday.
The funding from the 2022 Chips and Science Act will support two chip production facilities, a research center and a packaging facility, in Taylor, Texas, the agency said, as previously reported by Reuters.
It will also enable Samsung to expand its Austin, Texas, semiconductor facility, Commerce Department Secretary Gina Raimondo added, while boosting chip output for the aerospace, defense and auto industries and bolstering national security, administration officials told reporters.
“(These investments) will allow the US to once again lead the world, not just in semiconductor design, which is where we do now lead, but also in manufacturing, advanced packaging, and research and development,” Raimondo said.
THE HILL -
The Senate voted Wednesday to dismiss
both articles of impeachment against
Homeland Security Secretary Alejandro Mayorkas, s
hutting down the possibility of a lengthy Senate trial,
which Republicans had demanded
[even though it was the republicans who killed a bipartisan Border Reform Bill granting them most of what they had been repeatedly demanding for 2 years]
bogus Mayorkas impeachment
without trial THE HILL -The Senate voted Wednesday to dismiss both articles of impeachment against Homeland Security Secretary Alejandro Mayorkas, shutting down the possibility of a lengthy Senate trial, which Republicans had demanded
[even though it was the republicans who killed a bipartisan Border Reform Bill granting them most of what they had been repeatedly demanding for 2 years]
It marked the first time in 225 years the Senate
voted to immediately dismiss impeachment charges
approved by the House instead of holding a floor trial.
Senate Majority Leader Chuck Schumer (D-N.Y.)
argued a trial wasn’t necessary because the House
had sent over “the least legitimate, least substantive
and most politicized impeachment trial ever
in the history of the United States.”
“The charges brought against Secretary Mayorkas
fail to meet the high standards of high crimes and
misdemeanors. To validate this gross abuse by the
House would be a grave mistake and could set a
dangerous precedent for the future,” he warned.
The Senate voted to dismiss the bogus charges
Established in 1995,
Hot Forum Topics
