Thread: President Joe Biden

Originally Posted by Samuel

Sorry to tell you that Trump's spending did not cause inflation as the economy was booming, AND it definitely is not a possible cause of inflation this year.

You as usual are a buffoon who has no idea what he is talking about.

Originally Posted by bsnub

You as usual are a buffoon who has no idea what he is talking about.

So, Trump's spending in previous years will cause inflation this year — though Biden's spending won't?

Originally Posted by bsnub

You are incredibly stupid. I am not about to teach you basic economics. The hint is that yes, the economy will show the effects of your orange moron before policies that Biden has not even implemented, you utter dumbass.

Go on then, Bsnub.


Do you have one source that will back you up saying inflation this year is caused by Trump's spending in previous years?

Is that what your answer for David is (you kept to yourself): Trump caused the inflation?

Originally Posted by David48atTD

bsnub, I was asking what YOU thought the 'causes of the inflation' where.

I've already stated the current inflation was caused by supply chain disruptions — and the worry is that Biden spending trillions above the budget will make the situation worse.

Originally Posted by Samuel

The Biden admin would say inflation is temporary due to supply chains being disrupted due to demand declining during the lockdown and then suddenly increasing after things opened up.


Critics say that the trillions the Biden Admin is planning to spend this year in excess of the regular budget will cause even more inflation unless the fiscal stimulus "leads to increased production, as opposed to only consumption."

Heated economy and/or excesive printing of ....dollar notes.

Originally Posted by helge

Heated economy and/or excessive printing of ...dollar notes.

If all countries printed notes at the same time/percentage, then it shouldn't effect exchange rates too much, but what it does to local economies? i don't know?

Housing going up with a bang?

Cost of goods from overseas suppliers increasing remarkably.

Overseas Shipping and airfreight costs going up almost exponentially. Worst hit is the USA and Europe.

Here in NZ, everything is going up. All Items. Houses are going completely stupid. So much so, that this government have been trying to cool the market...and failed.

Originally Posted by Mr. Multi-Nick

Do you have one source that will back you up saying inflation this year is caused by Trump's spending in previous years?

Shut
The fuck
Up





While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.

Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.

Fact-checking Republican attempts to blame inflation on Democrats - CNNPolitics

The cause of the current inflation is not due to governmental spending. It is due firstly to the fact that lots of consumers are flush with cash after saving money the last year and a half. Secondly, there are supply chain issues, new car production is interrupted due to the chip shortage and car lots have been running out of new inventory, goods can not currently be imported into the country fast enough due to a container shortage etc. So consumers with plenty of cash in hand and not enough products for them to buy. It is simple supply and demand.

^

My Aunt unfortunately decided to remodel her house in the middle of all of this. Contractors are fully booked up for weeks in advance, construction materials are in short supply everywhere, appliances are all back-ordered for several weeks now. Her house is in disarray, and she currently is down to one functional bathroom as the plumber is waiting for materials.

So ya, that is a perfect example of why there is currently rising inflation.

Originally Posted by beachbound

Originally Posted by Samuel

Do you have one source that will back you up saying inflation this year is caused by Trump's spending in previous years?

Shut
The fuck
Up

the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.

So, beachbound: Unlike everyone else on this thread and most economists — you think the current inflation was caused government spending and not supply chain disruptions.

hmm.

Originally Posted by bsnub

The cause of the current inflation is not due to governmental spending.

Originally Posted by bsnub

The cause of the current inflation is not due to governmental spending. It is due firstly to the fact that lots of consumers are flush with cash after saving money the last year and a half. Secondly, there are supply chain issues, new car production is interrupted due to the chip shortage and car lots have been running out of new inventory, goods can not currently be imported into the country fast enough due to a container shortage etc. So consumers with plenty of cash in hand and not enough products for them to buy. It is simple supply and demand.

Coupled with FCLs have gone from about $2.5K US towards 20K US in some cases. That transport cost effects the retail price and inflate prices. Petrol/Gasoline in Australia has reached $1.75 per litre.

China-U.S. container shipping rates sail past $20,000 to a record

Originally Posted by S Landreth

I told him to wait to complete the work when the prices came down.

They won't come down any time soon.

Originally Posted by bsnub

There is an Australian off road company (ARB) that has its US HQ here in Seattle, and they are having trouble even getting FCLs at the moment. I heard they usually do 4 per month but are only able to get 1 per month at the moment and I heard that $20k number as well. The bottom line is they will be raising prices. Needless to say that ARB USA is out of just about all parts.

This has been going on for almost a year now. It's old, old news.

World freight volumes are up, but not as much as you would expect. It's the price of goods at origin. And i'm talking about all the shite that people buy that is not made in the USA or parts they need to make their stuff. Plus your ports are an absolute shambles. Certainly the worst in the Western world.

Freight rates have gone up from $2000 a 40' container to more than 20K. (Trans Atlantic)

Suppliers are putting up prices between 10-25% on average. Factor in that and then work out inflation...

Originally Posted by Little Chuchok

World freight volumes are up, but not as much as you would expect. It's the price of goods at origin.
Suppliers are putting up prices between 10-25% on average. Factor in that and then work out inflation...

I do not think, since the buyers cry a river at the supplier because of their freight cost and delays, threatening them to shop next door.
The suppliers do need to increase their price, at least not in Thailand where they get 10% more Baht for the $, £, €.

Originally Posted by Klondyke

I do not think..

That’s been abundant clear for quite some time.

^ You surely can do better to make it a bit humorous for us... (Or did you mean it as a joke? Oh yes, now I got it, very funny, gerade luschtig as your friend would find it...)

^
See, you can think. Unfortunately, you usually choose not to.

Federal judge hands Biden 'major loss,' orders Biden to revive Trump-era immigration policy - TheBlaze

^
Hey REGURGITATER, do you honestly think anyone bothers opening links that you post from sources like The Blaze?

Originally Posted by beachbound

do you honestly think anyone bothers opening links that you post from sources like The Blaze?

I would never read anything from a propaganda outlet run by a moron like Glenn Beck. Anyone who does is most likely a brainwashed old fool.

Old Joe is doing just fine btw.

Originally Posted by beachbound

^
Hey REGURGITATER, do you honestly think anyone bothers opening links that you post from sources like The Blaze?

Do you really think I care as I am sure the information is found on sites that you would read.

Originally Posted by Norton

Old Joe is doing just fine btw.

Are you sure,I see judges are beginning to overturn some of his executive orders. The latest I see is directing Biden to reinstate the remain in Mexico order of the previous administration.

Originally Posted by RPETER65

Are you sure

Yep. Nothing he has done affects me in a negative way. Only in a positive way.

I really don't give a shit about his immigration policies or his decision to pull out of Afghanistan.