#46 President Joe Biden

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Comments

  • JB16057JB16057 Posts: 1,269
    mrussel1 said:
    The debt and the deficit do not have a material or immediate impact on inflation.  Inflation is a natural economic condition that is controlled by monetary policy.  It is not controlled by austerity, which is what you are suggesting here.  In fact, history will show you how austerity typically as the effect of causing a wage/price spiral which can lead to a wild swing the other way.  Simply look at the result of austerity policies in Japan and parts of Europe in teh 80's and 90's.  

    Just to remind you, we have been running a debt and deficit continuously for the last 50+ years.  The only exception being a few years under Clinton when he balanced the budget.  Yet our inflation has been at or below the 2% target up until today.  You can't explain how the debt leads to inflation because it is simply not material.  

    The reality is that the fed will tighten the screws to cool down the economy, but do it carefully.  In the interim, gov't taking steps to reduce the price of oil/gas, winning the war and opening up the supply chain are critically important.  

    And last, what most people do not realize is that Ukraine supplies somewhere around 15% of the world's grain.  And most of it exits by the Black Sea which is currently blockaded.  So this is another reason that winning the war is important.  This will have an effect on worldwide food prices.  
    National debt does not directly cause inflation but it does indirectly and is still related.


  • mrussel1mrussel1 Posts: 30,661
    JB16057 said:
    This money will not stop Putin. Fixing inflation would make America stronger.

    You're confused on the role of congress, the debt, inflation and monetary policy. 
  • JB16057JB16057 Posts: 1,269
    mrussel1 said:
    You're confused on the role of congress, the debt, inflation and monetary policy. 
    How am I confused? You're the one asking, "How would you suggest a govt funding bill would address inflation?"

    Confused or not, the facts are that inflation is out of control and many Americans are struggling.


  • mrussel1mrussel1 Posts: 30,661
    edited March 2022
    JB16057 said:
    How am I confused? You're the one asking, "How would you suggest a govt funding bill would address inflation?"

    Confused or not, the facts are that inflation is out of control and many Americans are struggling.


    You think that the deficit has a direct effect on inflation.  It does not.  So your argument is a non-sequitur.  Whether we send money to Ukraine or not will have practically no effect on what our inflation rate is next quarter or next year.  The most important factors are 1. Oil prices 2. Monetary policy and 3. Supply Chain.  

    If the debt and deficit had an effect, then there would be political pressure to cut spending and raise taxes.  
  • JB16057JB16057 Posts: 1,269
    mrussel1 said:
    You think that the deficit has a direct effect on inflation.  It does not.  So your argument is a non-sequitur.  Whether we send money to Ukraine or not will have practically no effect on what our inflation rate is next quarter or next year.  The most important factors are 1. Oil prices 2. Monetary policy and 3. Supply Chain.  

    If the debt and deficit had an effect, then there would be political pressure to cut spending and raise taxes.  
    You must not have read the post I made above your last one. I said, "National debt does not directly cause inflation but it does indirectly and is still related."


  • JB16057JB16057 Posts: 1,269
    mrussel1 said:
    You think that the deficit has a direct effect on inflation.  It does not.  So your argument is a non-sequitur.  Whether we send money to Ukraine or not will have practically no effect on what our inflation rate is next quarter or next year.  The most important factors are 1. Oil prices 2. Monetary policy and 3. Supply Chain.  

    If the debt and deficit had an effect, then there would be political pressure to cut spending and raise taxes.  

    This was from August of 2020, before this record inflation hit.

    "Economists and deficit hawks have warned for decades that the United States was borrowing too much money. The federal debt was ballooning so fast, they said, that economic ruin was inevitable: Interest rates would skyrocket, taxes would rise and inflation would probably run wild.

    The death spiral could be triggered once the debt surpassed the size of the U.S. economy — a turning point that was probably still years in the future."




  • mace1229mace1229 Posts: 9,701
    Apparently Russia threatened to leave an astronaut behind on the ISS if we impose sanctions. Happened a while ago but I just heard about it.
    https://abcnews.go.com/amp/International/us-russian-international-space-station-partnership-jeopardy-geopolitical/story?id=83343874
  • mrussel1mrussel1 Posts: 30,661
    JB16057 said:

    This was from August of 2020, before this record inflation hit.

    "Economists and deficit hawks have warned for decades that the United States was borrowing too much money. The federal debt was ballooning so fast, they said, that economic ruin was inevitable: Interest rates would skyrocket, taxes would rise and inflation would probably run wild.

    The death spiral could be triggered once the debt surpassed the size of the U.S. economy — a turning point that was probably still years in the future."




    Have interest rates skyrocketed? Are taxes rising? I don't know what the point is here.  
  • Halifax2TheMaxHalifax2TheMax Posts: 41,142
    JB16057 said:
    Can you prove that sending $14 billion will make the difference to stop Putin? Putin has been amassing power for years because we in part have given it to him. He's been telling us for long time that he was going to do this and we just kept financing his evil plot.

    Rootin' for Putin... That is not what I am saying at all. When is America going to start worrying about America?
    Ummmm, in the bill that passed yesterday? Ask the repubs why they carved out the additional covid relief dollars. What help to want for Americans? Inflation relief? Or something more?
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  • Halifax2TheMaxHalifax2TheMax Posts: 41,142
    mrussel1 said:
    You think that the deficit has a direct effect on inflation.  It does not.  So your argument is a non-sequitur.  Whether we send money to Ukraine or not will have practically no effect on what our inflation rate is next quarter or next year.  The most important factors are 1. Oil prices 2. Monetary policy and 3. Supply Chain.  

    If the debt and deficit had an effect, then there would be political pressure to cut spending and raise taxes.  
    To number 3, maybe those dumb ass truckers failing to shut down the Beltway should stop wasting fuel and work on alleviating the backed up supply chain? Just a thought.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • JB16057JB16057 Posts: 1,269
    To number 3, maybe those dumb ass truckers failing to shut down the Beltway should stop wasting fuel and work on alleviating the backed up supply chain? Just a thought.
    I agree with you!

  • static111static111 Posts: 4,930
    JB16057 said:
    This money will not stop Putin. Fixing inflation would make America stronger.

    Fixing inflation is a very long term process. Do we just let Putin steamroll through Russia for years until inflation is no longer a domestic problem?  My guess is that letting Putin continue to be emboldened and destabilize Europe would have much more far reaching consequences for Americans than short term inflation.  And like others have said $14B in aid isn't going to move the needle on inflation at any rate.
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  • cincybearcatcincybearcat Posts: 16,749
    I think all the talk about WW3 is pretty annoying.  The difference to what we have now and WW3 is what exactly?  Ukraine getting actual help?  So it's ok for Russia to go into any Non-Nato country and Nato is simply supposed to let it happen and not respond?  

    Nato getting more directly involved in the conflict is not starting WW3....Putin already started it.  
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  • Halifax2TheMaxHalifax2TheMax Posts: 41,142
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  • josevolutionjosevolution Posts: 31,000
    Remember all the winning from the previous administration? Exactly it never happened! 
    jesus greets me looks just like me ....
  • The JugglerThe Juggler Posts: 49,577
    edited March 2022
    "These people are lazy!" "Nobody wants to work anymore!" "Waaaaaa!" ---a bunch of people last year.

    Welp....turns out the majority of the folks who left their jobs last year have moved on to greener pastures and  bettered their lives after all. Job well done!


    https://www.forbes.com/sites/marisadellatto/2022/03/09/more-than-half-of-americans-who-quit-their-jobs-last-year-now-earning-more-survey-suggests/?sh=609c9fab44b4

    More Than Half Of Americans Who Quit Their Jobs Last Year Now Earning More, Survey Suggests


     

    More than half of Americans surveyed who quit their jobs amid the “Great Resignation” of 2021 are now earning more money and have a better work life balance, though nearly one in four are making less, according to a study published by Pew Research Center on Wednesday.

    Stressful businessman packing a box for quit a job
    Stressful businessman packing a box for quit a job.

    KEY FACTS

    Some 63% of respondents said low pay or no opportunities for advancement were a major or minor reason why they quit, compared to 57% who cited feeling disrespected at work, 48% who cited issues with child care and 45% who cited lack of flexibility with choosing their hours.

    Compared to their last job, 56% of respondents said they are now earning more money, 20% said their pay stayed the same and 24% said they are now making less.

    Since leaving their last job, 53% said they now have more opportunities for advancement, compared to 31% whose growth opportunities stayed the same and 16% who said theirs decreased.

    PROMOTED

    More than half, 53%, said it’s now easier for them to balance work and family responsibilities, compared to 29% who said this stayed the same and 18% who said it got harder.

    People aged 18-29 quit their jobs more than other age groups, with 37% of people who quit their job last year falling into this category, and 24% said they identified as being “lower income.”

    Pew surveyed nearly 1,000 people online Feb. 7-13 who voluntarily left their jobs last year.


    TANGENT

    Vaccine mandates played a small role in respondents’ decisions to quit their jobs. Only 8% cited their job’s mandate as a major reason why they quit, and 10% said it was a minor reason.

    FURTHER READING

    A surge of Americans quit their jobs last year, with a record 4.5 million voluntarily leaving their positions in November and 4.3 million quitting in December. A January survey of executives from accounting firm PwC found that while 77% of leaders said hiring and retaining talent was “critical” to their growth, only 31% said they implemented and planned to keep increasing employee compensation through sign-on bonuses and non-scheduled raises.


    Post edited by The Juggler on
    www.myspace.com
  • Halifax2TheMaxHalifax2TheMax Posts: 41,142
    "These people are lazy!" "Nobody wants to work anymore!" "Waaaaaa!" ---a bunch of people last year.

    Welp....turns out the majority of the folks who left their jobs last year have moved on to greener pastures and  bettered their lives after all. Job well done!


    https://www.forbes.com/sites/marisadellatto/2022/03/09/more-than-half-of-americans-who-quit-their-jobs-last-year-now-earning-more-survey-suggests/?sh=609c9fab44b4

    More Than Half Of Americans Who Quit Their Jobs Last Year Now Earning More, Survey Suggests


     

    More than half of Americans surveyed who quit their jobs amid the “Great Resignation” of 2021 are now earning more money and have a better work life balance, though nearly one in four are making less, according to a study published by Pew Research Center on Wednesday.

    Stressful businessman packing a box for quit a job

    Stressful businessman packing a box for quit a job.


    KEY FACTS

    Some 63% of respondents said low pay or no opportunities for advancement were a major or minor reason why they quit, compared to 57% who cited feeling disrespected at work, 48% who cited issues with child care and 45% who cited lack of flexibility with choosing their hours.

    Compared to their last job, 56% of respondents said they are now earning more money, 20% said their pay stayed the same and 24% said they are now making less.

    Since leaving their last job, 53% said they now have more opportunities for advancement, compared to 31% whose growth opportunities stayed the same and 16% who said theirs decreased.

    PROMOTED

    More than half, 53%, said it’s now easier for them to balance work and family responsibilities, compared to 29% who said this stayed the same and 18% who said it got harder.

    People aged 18-29 quit their jobs more than other age groups, with 37% of people who quit their job last year falling into this category, and 24% said they identified as being “lower income.”

    Pew surveyed nearly 1,000 people online Feb. 7-13 who voluntarily left their jobs last year.


    TANGENT

    Vaccine mandates played a small role in respondents’ decisions to quit their jobs. Only 8% cited their job’s mandate as a major reason why they quit, and 10% said it was a minor reason.

    FURTHER READING

    A surge of Americans quit their jobs last year, with a record 4.5 million voluntarily leaving their positions in November and 4.3 million quitting in December. A January survey of executives from accounting firm PwC found that while 77% of leaders said hiring and retaining talent was “critical” to their growth, only 31% said they implemented and planned to keep increasing employee compensation through sign-on bonuses and non-scheduled raises.


    Damn whippasnappas! Why work when Tik-tokin’ and gaming await and Brandon will send you a check?
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  • JB16057JB16057 Posts: 1,269
    "You have got to be kidding me," Noah told viewers Wednesday night. "Apparently, Saudi Arabia won’t even pick up the phone for the president of the United States.

    "I mean, look, I know it’s hard to arrange those calls. You know, Riyadh is eight hours ahead, Biden is asleep by 4 p.m., it’s a narrow window to make it work, but still: That must have been really embarrassing for Biden. Can you imagine? He phones them and they don’t pick up?"

    Noah continued later: "Now, according to the White House, this story is totally untrue. They deny it, which I would too. But either way, man, there is no denying that Saudi Arabia isn’t playing ball with Joe Biden. And you know what? You can say what you want, but this would have never happened to Donald Trump. Never.

    "No one was ever ignoring Donald Trump’s calls. ‘Cause if you ignored Donald Trump’s calls, you didn’t know how he would respond. Maybe he’d send an angry tweet, or maybe he’d just, like, ban your country from everything. You don’t know.

    "That’s why I bet, in these situations, Biden actually wishes that he could hire Trump to step in as ‘President Wild Card.’ You know, just keep everyone on their toes. ‘Cause if Trump was calling, you best believe the UAE, they’d be racing to pick up the phone."

  • HughFreakingDillonHughFreakingDillon Winnipeg Posts: 39,225
    haha. they were racing to the phone to make fun of his absurd ignorance on global issues. 
    "every society honours its live conformists and its dead troublemakers"




  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,503
    nobody wishes they could call in president wild card at any time. especially in times like these.

    good try though.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • benjsbenjs Toronto, ON Posts: 9,329
    JB16057 said:
    "You have got to be kidding me," Noah told viewers Wednesday night. "Apparently, Saudi Arabia won’t even pick up the phone for the president of the United States.

    "I mean, look, I know it’s hard to arrange those calls. You know, Riyadh is eight hours ahead, Biden is asleep by 4 p.m., it’s a narrow window to make it work, but still: That must have been really embarrassing for Biden. Can you imagine? He phones them and they don’t pick up?"

    Noah continued later: "Now, according to the White House, this story is totally untrue. They deny it, which I would too. But either way, man, there is no denying that Saudi Arabia isn’t playing ball with Joe Biden. And you know what? You can say what you want, but this would have never happened to Donald Trump. Never.

    "No one was ever ignoring Donald Trump’s calls. ‘Cause if you ignored Donald Trump’s calls, you didn’t know how he would respond. Maybe he’d send an angry tweet, or maybe he’d just, like, ban your country from everything. You don’t know.

    "That’s why I bet, in these situations, Biden actually wishes that he could hire Trump to step in as ‘President Wild Card.’ You know, just keep everyone on their toes. ‘Cause if Trump was calling, you best believe the UAE, they’d be racing to pick up the phone."

    Yes, it's a shame Biden isn't wildly unpredictable while being blatantly corrupt, all the while being obsessed with a game of political "whose balls are bigger". That's a winning foreign policy.
    '05 - TO, '06 - TO 1, '08 - NYC 1 & 2, '09 - TO, Chi 1 & 2, '10 - Buffalo, NYC 1 & 2, '11 - TO 1 & 2, Hamilton, '13 - Buffalo, Brooklyn 1 & 2, '15 - Global Citizen, '16 - TO 1 & 2, Chi 2

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  • JB16057JB16057 Posts: 1,269
    nobody wishes they could call in president wild card at any time. especially in times like these.

    good try though.
    It's called comedy for a reason.

  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,503
    trump should just be retired to the dustbin of history. he was openly mocked by other world leaders. the world is a different place now with real problems. we do not need someone with the emotional maturity of an 11 year old trying to talk with other world leaders. his first instinct is to help himself. everything else is secondary. we do not need someone like that.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • HughFreakingDillonHughFreakingDillon Winnipeg Posts: 39,225
    JB16057 said:
    It's called comedy for a reason.

    I've honestly never found Trevor Noah all that funny. but trump as president? comedy gold baby
    "every society honours its live conformists and its dead troublemakers"




  • JB16057JB16057 Posts: 1,269
    trump should just be retired to the dustbin of history. he was openly mocked by other world leaders. the world is a different place now with real problems. we do not need someone with the emotional maturity of an 11 year old trying to talk with other world leaders. his first instinct is to help himself. everything else is secondary. we do not need someone like that.
    This is the Joe Biden thread.

  • HughFreakingDillonHughFreakingDillon Winnipeg Posts: 39,225
    JB16057 said:
    This is the Joe Biden thread.

    um....did you miss the part where you posted about Trump in this very thread....about 3 short minutes ago?
    "every society honours its live conformists and its dead troublemakers"




  • JB16057JB16057 Posts: 1,269
    um....did you miss the part where you posted about Trump in this very thread....about 3 short minutes ago?
    Yes. My post was referring back to Trump but it had to do with Biden. His last post was only about Trump and had nothing to do with Biden. I guess you could call it the same thing if you want to.

  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,503
    JB16057 said:
    This is the Joe Biden thread.

    ok mod. you brought it up.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • JB16057JB16057 Posts: 1,269

    A record high of 70 percent of the general public said they disapprove of Biden's response to inflation, according to an ABC News/Ipsos poll.

    I'm glad the other 30 percent that approve all reside here on this message board.

  • JB16057JB16057 Posts: 1,269
    ok mod. you brought it up.

    Your last post had nothing to do with Biden, only Trump. My post was comparing the two but like I said, you can call it the same thing if you want.
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