scgal
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Post by scgal on May 31, 2022 11:25:44 GMT -5
Well, I see the democrats here are still full tilt Biden fanatics, but have to post about Trump here. Get over it. He is not in office. Biden is kaput, might not make it til the Presidential election as dems might cut bait soon and go with the V.P. Does not matter to me. Democrats look like the Republican party of the 1960's trying to survive after going with Goldwater in 1964. Took years to climb out if that hole. Dems have now lost working class whites, soccer moms, losing big with Spanish Americans, and now blacks are wondering wht the heck is going on. The $15 minimum wage now has to be $20, $25 per hour range to survive today's prices. The Squad is probably not in hiding these days but mass media pretends they are no longer in Congress as they are out of the news. Speaks volumes for Biden when they are not out in our faces daily. He has no where to hide these days. Five dollar gasoline headed to six dollars. In 2020 we were oil independent. What happened? Biden and the democrats. Anyone realize we are now losing independent truck drivers who are not working as employees of large transportation companies as they are idling rigs or only taking short mileage hauls these days because they now lose money on long haul runs? $5.50 and higher diesel is about to disrupt the inflation cycle causing more rising prices, if the stuff even gets delivered in the next few months. So many erroneous comments so little time. The president does not control gas prices. Nor does the president control inflation- hard not to have inflation when the whole world is struggling with it. Remember how you used to say Trump shouldn’t be blamed for Covid? If you think Biden should be handling inflation differently please explain how. Also, don’t cry over the independent haulers. I work for a manufacturing company and every contract we have with a hauler has a line item for fuel surcharges which are tied to the price of gas. And everyone is so crunched for late components we pay what we have to to avoid shutting down our production lines and shipping our products- added shipping costs get tacked onto per item cost because Capitalism. By the way, did you see the study that our national debt rose more under Trump than it did either Bush Jr or Obama? And Trump had a few good years of a really rocking economy before Covid hit - maybe if he hadn’t dug so far into the cookie jar for his tax break for the millionaires he wouldn’t have racked up so much debt? After all, the millionaires were the only segment that actually came out of Covid with more money than they went into it with, seems like that gift could have been used to spend down the debt more. If someone was in charge that cared about debt, and not the serial bankrupt loser. From what I read the US is still energy independent but has been sliding down since Biden took office. Why? Covid shouldn't have caused that. I get that the tax cuts costs money but everyone saw tax cuts it wasn't just for the wealthy.
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weltschmerz
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Post by weltschmerz on May 31, 2022 12:42:10 GMT -5
Well, I see the democrats here are still full tilt Biden fanatics, but have to post about Trump here. Get over it. He is not in office. Biden is kaput, might not make it til the Presidential election as dems might cut bait soon and go with the V.P. Does not matter to me. Democrats look like the Republican party of the 1960's trying to survive after going with Goldwater in 1964. Took years to climb out if that hole. Dems have now lost working class whites, soccer moms, losing big with Spanish Americans, and now blacks are wondering wht the heck is going on. The $15 minimum wage now has to be $20, $25 per hour range to survive today's prices. The Squad is probably not in hiding these days but mass media pretends they are no longer in Congress as they are out of the news. Speaks volumes for Biden when they are not out in our faces daily. He has no where to hide these days. Five dollar gasoline headed to six dollars. In 2020 we were oil independent. What happened? Biden and the democrats. Anyone realize we are now losing independent truck drivers who are not working as employees of large transportation companies as they are idling rigs or only taking short mileage hauls these days because they now lose money on long haul runs? $5.50 and higher diesel is about to disrupt the inflation cycle causing more rising prices, if the stuff even gets delivered in the next few months. You were NEVER oil independent. It's a fallacious trope that Biden haters love to post, like clockwork. In 2020, The US imported 3.6 million barrels of oil per day, from Canada. How is that 'oil independent'? Perhaps you think Canada is just another US state? www.statista.com/statistics/487483/us-crude-oil-imports-per-day-from-canada/
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happyhoix
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Post by happyhoix on May 31, 2022 12:44:49 GMT -5
So many erroneous comments so little time. The president does not control gas prices. Nor does the president control inflation- hard not to have inflation when the whole world is struggling with it. Remember how you used to say Trump shouldn’t be blamed for Covid? If you think Biden should be handling inflation differently please explain how. Also, don’t cry over the independent haulers. I work for a manufacturing company and every contract we have with a hauler has a line item for fuel surcharges which are tied to the price of gas. And everyone is so crunched for late components we pay what we have to to avoid shutting down our production lines and shipping our products- added shipping costs get tacked onto per item cost because Capitalism. By the way, did you see the study that our national debt rose more under Trump than it did either Bush Jr or Obama? And Trump had a few good years of a really rocking economy before Covid hit - maybe if he hadn’t dug so far into the cookie jar for his tax break for the millionaires he wouldn’t have racked up so much debt? After all, the millionaires were the only segment that actually came out of Covid with more money than they went into it with, seems like that gift could have been used to spend down the debt more. If someone was in charge that cared about debt, and not the serial bankrupt loser. From what I read the US is still energy independent but has been sliding down since Biden took office. Why? Covid shouldn't have caused that. I get that the tax cuts costs money but everyone saw tax cuts it wasn't just for the wealthy. With people traveling more post Covid demand for gas has increased while the crude oil supply is in short supply due to no one buying Russian oil right now. Plus we haven’t caught back up from a domestic reduction in production during Covid. Widening imbalance between supply and demand. Yes, Covid caused that - at the outside of Covid, gas demand dropped by 45 percent, so production dropped too, and hasn’t caught back up yet. And yes, all Americans saw some tax benefit from Trumps tax bill, but large companies and the ultra rich got the most - Bloomberg got 68 million, for instance. Helped Trump generate a nice fat national debt.
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weltschmerz
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Post by weltschmerz on May 31, 2022 12:55:07 GMT -5
The other trope I see all the time is how the US was 'energy independent' under Trump. This, despite, 3.6 million barrels of oil imported from Canada EVERY DAY, and the entire NE coast surviving on Canadian Hydroelectricity. Seems like the Vulpine News audience will believe just about anything. Trump and Fox love the uneducated....they're so malleable, not to mention gullible.
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weltschmerz
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Post by weltschmerz on May 31, 2022 12:57:08 GMT -5
So many erroneous comments so little time. The president does not control gas prices. Nor does the president control inflation- hard not to have inflation when the whole world is struggling with it. Remember how you used to say Trump shouldn’t be blamed for Covid? If you think Biden should be handling inflation differently please explain how. Also, don’t cry over the independent haulers. I work for a manufacturing company and every contract we have with a hauler has a line item for fuel surcharges which are tied to the price of gas. And everyone is so crunched for late components we pay what we have to to avoid shutting down our production lines and shipping our products- added shipping costs get tacked onto per item cost because Capitalism. By the way, did you see the study that our national debt rose more under Trump than it did either Bush Jr or Obama? And Trump had a few good years of a really rocking economy before Covid hit - maybe if he hadn’t dug so far into the cookie jar for his tax break for the millionaires he wouldn’t have racked up so much debt? After all, the millionaires were the only segment that actually came out of Covid with more money than they went into it with, seems like that gift could have been used to spend down the debt more. If someone was in charge that cared about debt, and not the serial bankrupt loser. From what I read the US is still energy independent but has been sliding down since Biden took office. Why? Covid shouldn't have caused that. I get that the tax cuts costs money but everyone saw tax cuts it wasn't just for the wealthy. You sure about that? Perhaps you should read something besides the articles from far right websites.
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dondub
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Post by dondub on May 31, 2022 13:28:00 GMT -5
So many erroneous comments so little time. The president does not control gas prices. Nor does the president control inflation- hard not to have inflation when the whole world is struggling with it. Remember how you used to say Trump shouldn’t be blamed for Covid? If you think Biden should be handling inflation differently please explain how. Also, don’t cry over the independent haulers. I work for a manufacturing company and every contract we have with a hauler has a line item for fuel surcharges which are tied to the price of gas. And everyone is so crunched for late components we pay what we have to to avoid shutting down our production lines and shipping our products- added shipping costs get tacked onto per item cost because Capitalism. By the way, did you see the study that our national debt rose more under Trump than it did either Bush Jr or Obama? And Trump had a few good years of a really rocking economy before Covid hit - maybe if he hadn’t dug so far into the cookie jar for his tax break for the millionaires he wouldn’t have racked up so much debt? After all, the millionaires were the only segment that actually came out of Covid with more money than they went into it with, seems like that gift could have been used to spend down the debt more. If someone was in charge that cared about debt, and not the serial bankrupt loser. From what I read the US is still energy independent but has been sliding down since Biden took office. Why? Covid shouldn't have caused that. I get that the tax cuts costs money but everyone saw tax cuts it wasn't just for the wealthy. Yes, throw a bone to the masses so people like you can make that claim. The give 90% of the tax cut to the top 10% that didn’t need it sticking the rest of us with the $2 TRILLION tab as so many of those same wealthy pay little to zero tax.
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scgal
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Post by scgal on May 31, 2022 14:40:51 GMT -5
The other trope I see all the time is how the US was 'energy independent' under Trump. This, despite, 3.6 million barrels of oil imported from Canada EVERY DAY, and the entire NE coast surviving on Canadian Hydroelectricity. Seems like the Vulpine News audience will believe just about anything. Trump and Fox love the uneducated....they're so malleable, not to mention gullible. You sure like to comment on people. The us is energy independence is in the numbers of exports minus imports there is a surplus. That surplus has been going down under this administration. It appears that over 70% of Canada exports go to the US. I wonder who needs who more
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scgal
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Post by scgal on May 31, 2022 14:43:14 GMT -5
From what I read the US is still energy independent but has been sliding down since Biden took office. Why? Covid shouldn't have caused that. I get that the tax cuts costs money but everyone saw tax cuts it wasn't just for the wealthy. Yes, throw a bone to the masses so people like you can make that claim. The give 90% of the tax cut to the top 10% that didn’t need it sticking the rest of us with the $2 TRILLION tab as so many of those same wealthy pay little to zero tax. whoa...so people like me can make that claim....I'm just trying to understand why everyone says its the wealthy tax cut when all benefited or the way I see it we really didn't
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pulmonarymd
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Post by pulmonarymd on May 31, 2022 14:51:32 GMT -5
It was a stupid tax cut. The majority of the benefit went to rich people. With the deficit at records high and the economy doing well, a tax cut was the last thing we needed.
They should have either
1 Left it alone and let the deficit come down 2 Cut taxes on those at the lower end of the income scale. Then the tax cut really would have benefitted those at the lower income brackets. Instead, they threw those people a bone and cut taxes significantly for people like me, which, predictably blew up the deficit.
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dondub
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Post by dondub on May 31, 2022 15:04:13 GMT -5
Yes, throw a bone to the masses so people like you can make that claim. The give 90% of the tax cut to the top 10% that didn’t need it sticking the rest of us with the $2 TRILLION tab as so many of those same wealthy pay little to zero tax. whoa...so people like me can make that claim....I'm just trying to understand why everyone says its the wealthy tax cut when all benefited or the way I see it we really didn't I explained it enough. Understand it or don’t. You have the personal right and bodily autonomy to do that.
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weltschmerz
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Post by weltschmerz on May 31, 2022 15:22:49 GMT -5
The other trope I see all the time is how the US was 'energy independent' under Trump. This, despite, 3.6 million barrels of oil imported from Canada EVERY DAY, and the entire NE coast surviving on Canadian Hydroelectricity. Seems like the Vulpine News audience will believe just about anything. Trump and Fox love the uneducated....they're so malleable, not to mention gullible. You sure like to comment on people. The us is energy independence is in the numbers of exports minus imports there is a surplus. That surplus has been going down under this administration. It appears that over 70% of Canada exports go to the US. I wonder who needs who more You can't claim energy independence while importing both oil and electricity from another country.
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scgal
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Post by scgal on May 31, 2022 16:30:02 GMT -5
You sure like to comment on people. The us is energy independence is in the numbers of exports minus imports there is a surplus. That surplus has been going down under this administration. It appears that over 70% of Canada exports go to the US. I wonder who needs who more You can't claim energy independence while importing both oil and electricity from another country. It's net energy. If you export more than you import
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Value Buy
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Post by Value Buy on Jun 3, 2022 21:54:32 GMT -5
It was a stupid tax cut. The majority of the benefit went to rich people. With the deficit at records high and the economy doing well, a tax cut was the last thing we needed. They should have either 1 Left it alone and let the deficit come down 2 Cut taxes on those at the lower end of the income scale. Then the tax cut really would have benefitted those at the lower income brackets. Instead, they threw those people a bone and cut taxes significantly for people like me, which, predictably blew up the deficit. You are so wrong. www.msn.com/en-us/money/markets/the-numbers-are-in-trumps-tax-cuts-paid-off/ar-AAY22Kg?li=BBnbfcL
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pulmonarymd
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Post by pulmonarymd on Jun 3, 2022 21:59:13 GMT -5
It was a stupid tax cut. The majority of the benefit went to rich people. With the deficit at records high and the economy doing well, a tax cut was the last thing we needed. They should have either 1 Left it alone and let the deficit come down 2 Cut taxes on those at the lower end of the income scale. Then the tax cut really would have benefitted those at the lower income brackets. Instead, they threw those people a bone and cut taxes significantly for people like me, which, predictably blew up the deficit. You are so wrong. www.msn.com/en-us/money/markets/the-numbers-are-in-trumps-tax-cuts-paid-off/ar-AAY22Kg?li=BBnbfcLWhatever you say. You think we are in the cult of bidrn. You are so up trumps ass that you are coming out the other end. Still going to vote the the treasonous narcissist? Still unwilling to offer an opinion on the events of 1/6/21?
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Opti
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Post by Opti on Jun 4, 2022 3:39:31 GMT -5
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pulmonarymd
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Post by pulmonarymd on Jun 4, 2022 6:52:41 GMT -5
Let’s have some fun. See if I can make a case that inflation is trumps fault:
Trump cut taxes, which Put more money in peoples pockets, which Led to increased spending, which Exacerbated the supply chain issues caused NYT trumps tariffs on China, which Caused prices to go up.
See, inflation is trumps fault!
The economy, like the human body, is a complex system. The effect of any one intervention is difficult to measure and predict. Republicans only know one trick, tax cuts. So, like a stopped clock, they have a chance to be right given enough attempts.
If they retake congress, will anyone be surprised if they want to cut taxes again, regardless of what the economy and inflation is doing?
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djAdvocate
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Post by djAdvocate on Jun 8, 2022 14:42:27 GMT -5
Well, I see the democrats here are still full tilt Biden fanatics, but have to post about Trump here. Get over it. He is not in office. Biden is kaput, might not make it til the Presidential election as dems might cut bait soon and go with the V.P. Does not matter to me. Democrats look like the Republican party of the 1960's trying to survive after going with Goldwater in 1964. Took years to climb out if that hole. Dems have now lost working class whites, soccer moms, losing big with Spanish Americans, and now blacks are wondering wht the heck is going on. The $15 minimum wage now has to be $20, $25 per hour range to survive today's prices. The Squad is probably not in hiding these days but mass media pretends they are no longer in Congress as they are out of the news. Speaks volumes for Biden when they are not out in our faces daily. He has no where to hide these days. Five dollar gasoline headed to six dollars. In 2020 we were oil independent. What happened?Biden and the democrats. Anyone realize we are now losing independent truck drivers who are not working as employees of large transportation companies as they are idling rigs or only taking short mileage hauls these days because they now lose money on long haul runs? $5.50 and higher diesel is about to disrupt the inflation cycle causing more rising prices, if the stuff even gets delivered in the next few months. There is an interesting assumption there. Is the increase in price because we aren't or is it because we are energy independent? Couldn't find a current source that addressed where we are at on import/export ratio. the US was a net exporter of oil in 2021. www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php#:~:text=The%20United%20States%20was%20a,row%20since%20at%20least%201949.
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djAdvocate
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Post by djAdvocate on Jun 8, 2022 14:43:51 GMT -5
So many erroneous comments so little time. The president does not control gas prices. Nor does the president control inflation- hard not to have inflation when the whole world is struggling with it. Remember how you used to say Trump shouldn’t be blamed for Covid? If you think Biden should be handling inflation differently please explain how. Also, don’t cry over the independent haulers. I work for a manufacturing company and every contract we have with a hauler has a line item for fuel surcharges which are tied to the price of gas. And everyone is so crunched for late components we pay what we have to to avoid shutting down our production lines and shipping our products- added shipping costs get tacked onto per item cost because Capitalism. By the way, did you see the study that our national debt rose more under Trump than it did either Bush Jr or Obama? And Trump had a few good years of a really rocking economy before Covid hit - maybe if he hadn’t dug so far into the cookie jar for his tax break for the millionaires he wouldn’t have racked up so much debt? After all, the millionaires were the only segment that actually came out of Covid with more money than they went into it with, seems like that gift could have been used to spend down the debt more. If someone was in charge that cared about debt, and not the serial bankrupt loser. From what I read the US is still energy independent but has been sliding down since Biden took office. Why? Covid shouldn't have caused that. I get that the tax cuts costs money but everyone saw tax cuts it wasn't just for the wealthy. no. but getting OVER Covid did. economic growth is on FIRE. that is why oil demand is up.
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djAdvocate
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Post by djAdvocate on Jun 8, 2022 14:45:50 GMT -5
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djAdvocate
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Post by djAdvocate on Jun 8, 2022 14:51:10 GMT -5
It was a stupid tax cut. The majority of the benefit went to rich people. With the deficit at records high and the economy doing well, a tax cut was the last thing we needed. They should have either 1 Left it alone and let the deficit come down 2 Cut taxes on those at the lower end of the income scale. Then the tax cut really would have benefitted those at the lower income brackets. Instead, they threw those people a bone and cut taxes significantly for people like me, which, predictably blew up the deficit. you could have stopped with the first sentence. cutting taxes DURING an economic expansion is patently stupid. in fact, cutting taxes when there are spending deficits is patently stupid. i think of it as mortgaging our children's future. for 50 years after WW2 we held our debt about equal, and the interest on the debt as a percent of GDP steadily declined. since that time, we have basically created a wartime economy without the war. and the cost of this will stifle growth for generations. the US is following the USSR down the perpetual war wormhole.
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dondub
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Post by dondub on Jun 8, 2022 23:45:36 GMT -5
Anyone that thinks the 3 Repo-Con tinkle down tax cuts did anything other than balloon our Federal debt has the financial acumen of a diseased rodent.
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djAdvocate
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Post by djAdvocate on Jun 9, 2022 0:52:17 GMT -5
Anyone that thinks the 3 Repo-Con tinkle down tax cuts did anything other than balloon our Federal debt has the financial acumen of a diseased rodent. it has been thoroughly debunked. it doesn't work. but what VB was referring to is this "paying for itself" nonsense. these are two subtly different concepts. what Laffer proposed is that revenue would be maximized by finding the optimal rate of taxation. it is a sensible idea on the surface, as most sophmoric ideas are, but when you dig down deeper, it makes no sense for three reasons: 1) first of all, it has never been shown than raising taxes decreases revenue. quite the contrary. even when top rates were over 90%, raising them raised revenue. the record is actually brutally clear on this- we have historical revenue and tax tables going back a century that confirm this with 100% accuracy (as long as we are talking about INCOME taxes). 2) secondly, the Laffer curve assumes that T* is a single rate, which, of course, it is NOT. our progressive tax system charges different rates based on income. what most people think of as T* is the TOP rate for taxpayers. but as Buffet has pointed out, this rate does not really apply to top earners any more than it applies to average tax payers. in fact, again as Buffet pointed out, top earners can OFTEN be paying a LOWER effective rate than people with middle or upper middle incomes, for a variety of reasons. 3) finally, it has never been shown that lowering INCOME or PAYROLL taxes RAISES revenue. again, we have an exhaustive study dating back to the 50's with OTA Paper 81, and although there is SOME inverse effect (aka supply side) with INVESTMENT taxes, there is ZERO inverse effect with INCOME taxes. therefore, this whole model is absolutely wrong. there are a variety of reasons to not want higher taxes, including the fact that most people simply hate them. but this supply side rubbish is not among them. we should stop pretending as if it is.
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djAdvocate
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Post by djAdvocate on Jun 9, 2022 1:44:23 GMT -5
incidentally, this inflation bullcrap is just that. there is "absolute inflation" and there is "relative inflation". the ONLY kind of inflation that we should hold our government accountable for is "relative inflation". this is inflation caused by devaluing our currency, which is something that governments do from time to time if they want to become more or less competitive. for this i will turn to this chart: www.cnbc.com/quotes/.DXYthis is the USD versus a basket of currencies. what this shows is that the Biden administration has done very well versus the rest of the world. the US was at it's MOST competitive in 2021 at the end of the Trump adminstration, which had presided over a fairly flat 90-100 on the dollar index. since Biden took office, the dollar is up 12%, which means that the inflationary situation for other countries is far worse- we can buy 12% more with our dollars in foreign countries than we could when Biden took office. this makes IMPORTING cheaper and EXPORTING more expensive, which reduces our competitiveness, but makes our cost of living LOWER THAN OTHER COUNTRIES IN THE SAME PERIOD. so, yeah, inflation sucks here. but it sucks far more elsewhere. and the reason is that although absolute inflation is high, we are in a relative deflationary period at the moment. it is cheaper to travel and live in Spain on US dollars today than it was in January of last year.
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djAdvocate
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Post by djAdvocate on Jun 9, 2022 1:47:56 GMT -5
oh, the dollar is at a 10 year HIGH this week. i don't know if that is a headline grabber or not, but it should be. it says "the US is kicking ass" in large font. if the US economy were in the toilet (again, versus the rest of the world), then the dollar would be at a 5 year LOW, like it was under Trump.
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Opti
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Post by Opti on Jun 9, 2022 6:59:48 GMT -5
So many erroneous comments so little time. The president does not control gas prices. Nor does the president control inflation- hard not to have inflation when the whole world is struggling with it. Remember how you used to say Trump shouldn’t be blamed for Covid? If you think Biden should be handling inflation differently please explain how. Also, don’t cry over the independent haulers. I work for a manufacturing company and every contract we have with a hauler has a line item for fuel surcharges which are tied to the price of gas. And everyone is so crunched for late components we pay what we have to to avoid shutting down our production lines and shipping our products- added shipping costs get tacked onto per item cost because Capitalism. By the way, did you see the study that our national debt rose more under Trump than it did either Bush Jr or Obama? And Trump had a few good years of a really rocking economy before Covid hit - maybe if he hadn’t dug so far into the cookie jar for his tax break for the millionaires he wouldn’t have racked up so much debt? After all, the millionaires were the only segment that actually came out of Covid with more money than they went into it with, seems like that gift could have been used to spend down the debt more. If someone was in charge that cared about debt, and not the serial bankrupt loser. From what I read the US is still energy independent but has been sliding down since Biden took office. Why? Covid shouldn't have caused that. I get that the tax cuts costs money but everyone saw tax cuts it wasn't just for the wealthy. I read something yesterday about how the oil industry is not interested in expanding because the downward trend is still there from electric and hybrid vehicles. The WFH movement because of the pandemic removed a lot of demand and apparently we are producing less than we did in 2019 now. So the companies have been making business decisions based on expected demand for the future and here we are. Its less about Biden than it is about the pandemic and changing demand based on changing types of vehicles.
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scgal
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Post by scgal on Jun 10, 2022 8:18:00 GMT -5
From what I read the US is still energy independent but has been sliding down since Biden took office. Why? Covid shouldn't have caused that. I get that the tax cuts costs money but everyone saw tax cuts it wasn't just for the wealthy. I read something yesterday about how the oil industry is not interested in expanding because the downward trend is still there from electric and hybrid vehicles. The WFH movement because of the pandemic removed a lot of demand and apparently we are producing less than we did in 2019 now. So the companies have been making business decisions based on expected demand for the future and here we are. Its less about Biden than it is about the pandemic and changing demand based on changing types of vehicles. Ok so that makes some sense. What you are basically saying is the democrats push for EV is actually raising gas prices and crippling americans...yep that makes sense.
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billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,432
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Post by billisonboard on Jun 10, 2022 8:39:47 GMT -5
I read something yesterday about how the oil industry is not interested in expanding because the downward trend is still there from electric and hybrid vehicles. The WFH movement because of the pandemic removed a lot of demand and apparently we are producing less than we did in 2019 now. So the companies have been making business decisions based on expected demand for the future and here we are. Its less about Biden than it is about the pandemic and changing demand based on changing types of vehicles. Ok so that makes some sense. What you are basically saying is the democrats push for EV is actually raising gas prices and crippling americans...yep that makes sense. The push for EV is a push for future climate benefit. If now and self is your only focus, then it is a negative.
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bean29
Junior Associate
Joined: Dec 19, 2010 22:26:57 GMT -5
Posts: 9,912
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Post by bean29 on Jun 10, 2022 9:13:39 GMT -5
I read something yesterday about how the oil industry is not interested in expanding because the downward trend is still there from electric and hybrid vehicles. The WFH movement because of the pandemic removed a lot of demand and apparently we are producing less than we did in 2019 now. So the companies have been making business decisions based on expected demand for the future and here we are. Its less about Biden than it is about the pandemic and changing demand based on changing types of vehicles. Ok so that makes some sense. What you are basically saying is the democrats push for EV is actually raising gas prices and crippling americans...yep that makes sense. I don't think it is all EV, I think it is also that technology has changed. My employer owns about 60 industrial/manufacturing buildings. Over the last several years many of the companies that lease our buildings have opted to change out the lighting to LED. It is much more energy efficient, reduces the electric bill substantially and gives off significantly less heat. I think the payback is very short, like just a couple of years. Why fight against something that is a positive? EV cars are not raising gas prices, the war in Ukraine and the embargo against Russian Gas are the main issue. There is also some false comparisons going on where the Pandemic drove down worldwide gas prices, and the recovery is raising prices outside the issue of the Russian Embargo. You are just too selfish to care about the inhumanity of that war. I get that this situation is unaffordable for lower income Americans, but I doubt you are in the group of people that can't afford it.
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on Jun 10, 2022 10:33:45 GMT -5
I read something yesterday about how the oil industry is not interested in expanding because the downward trend is still there from electric and hybrid vehicles. The WFH movement because of the pandemic removed a lot of demand and apparently we are producing less than we did in 2019 now. So the companies have been making business decisions based on expected demand for the future and here we are. Its less about Biden than it is about the pandemic and changing demand based on changing types of vehicles. Ok so that makes some sense. What you are basically saying is the democrats push for EV is actually raising gas prices and crippling americans...yep that makes sense. what you just said makes no sense whatsoever. gas prices are an absolute phenomena, not a relative one. what we do, have done, or will do, has little to do with it.
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weltschmerz
Community Leader
Joined: Jul 25, 2011 13:37:39 GMT -5
Posts: 38,962
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Post by weltschmerz on Jun 10, 2022 11:12:15 GMT -5
I read something yesterday about how the oil industry is not interested in expanding because the downward trend is still there from electric and hybrid vehicles. The WFH movement because of the pandemic removed a lot of demand and apparently we are producing less than we did in 2019 now. So the companies have been making business decisions based on expected demand for the future and here we are. Its less about Biden than it is about the pandemic and changing demand based on changing types of vehicles. Ok so that makes some sense. What you are basically saying is the democrats push for EV is actually raising gas prices and crippling americans...yep that makes sense. Don't be ridiculous. There are MANY reasons the price of gas goes up, one being that summer gas is more expensive than winter gas. It's not the democrats. www.convenience.org/Topics/Fuels/Changing-Seasons-Changing-Gas-PricesTypical Republican. If my cat has diarrhea, you'll try to find a way to blame it on the democrats.
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