It's not the Economy stupid, it's the Fear

We didn't 'add' 7M (?) jobs, they were recovered. There is a difference.
When you do the math and subtract the inflation factor, todays numbers are painful enough. In certain aspects, it is worse then 2008 because a good portion of it has been after the actual event that precipitated it, and the continuing social unrest that exists now more than ever.

 

Learn your mark.

 

LOL

If you think this is somehow worse than 2008, then you must have been VERY young in 2008.

 

We haven't had a pandemic in 10 decades.

 

We had a pandemic during Trump's administration with no inflation.

 

Exactly, it takes time for everything to kick in, A LOT of this current inflation was caused by tRump policies. <-period.

 

Like making the US energy independent? It didn't take Biden long to screw that up and it is a major cause of inflation since virtually every product and service depends on energy.

 

The OP is IMO correct.
It is a far better introduction to a discussion of what divides a society ( and some of this is relevant to European conflict) than my animal farm thread, though they do shadow each other in places.

 

Not quite.

 

The “design” of our economy, concentration of our markets, and the pricing power it creates should be factored in to our inflation equation. Take a gander at Corporate profits over the last decade and resent surge in profits. That’s the current driver of inflation not government spending.

 

The genocide of European cultures. The richness and depth of those cultures is beyond parallel. Each country has its unique culture and customs.... all of which are being relentlessly erased by globalists for a few bucks and a little bit more power.

We should know, look what we did to the indigenous cultures that existed here before we came. That is what is happening to us.











https://www.youtube.com/watch?v=XuptoWqHJlw&ab_channel=soter

https://www.youtube.com/watch?v=T-_MMSEZSs8&ab_channel=frikar

https://www.youtube.com/watch?v=h64VT8sbJVw&ab_channel=AVALISHVILIFILMS

https://www.youtube.com/watch?v=ga4EQkT3VrU&ab_channel=RubemAyangOliveiraMúsicaFolclóricaeRegional

https://www.youtube.com/watch?v=bQ9g5zFQwEI&ab_channel=Thuiringer

https://www.youtube.com/watch?v=JF-jgV3EuIY&ab_channel=Myrkur

 

Perhaps you should visit Europe one day and learn that you have been lied to.

"erased by globalists"........sigh.....

 

Just to show you how wrong you ARE and how wrong right wing media IS.

"Has Biden Brought An End To U.S. Energy Independence?
President Biden has passed policies that could negatively impact domestic oil supplies in the future. However, thus far the price surge is primarily a result of 3 million barrels per day (BPD) of oil production that was lost in the spring of 2020 that hasn’t fully recovered. Demand has fully recovered, so that is the fundamental reason for the surge in prices. Further, that surge began in the fall of 2020 — five months before President Trump left office."
https://oilprice.com/Energy/Energy-General/Has-Biden-Brought-An-End-To-US-Energy-Independence.html

 

I already live a meager life in order to insure my retirement savings can last my life time tell me what I am supposed to cut back on? Tell me why should be having too.

 

And what policies and acts has Biden passed to alleviate the problem both in the short term and the long term? What has he done to get us back to that energy independence? I don't care when it started this is about NOW.

 

US producers are cracking up production and they say now it the best time ever to make profits on domestic production.

As oil nears $100 a barrel, U.S. drillers get busy in costly shale basins
https://www.reuters.com/business/en...lers-get-busy-costly-shale-basins-2022-02-08/
DENVER, Feb 8 (Reuters) - As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago.

Benchmark U.S. prices last week topped $93 a barrel, up around 65% in the last 52 weeks and the highest since 2014. U.S. producers are cranking up spending at double-digit rates as fuel demand has soared and fears have waned that OPEC will again punish them by flooding the market with crude that is cheaper to produce.

 

We had energy independence. When Biden announced his policies, it was predicted that we would lose our independence and the price of oil would rise. We lost our independence and the prices rose just as predicted.

 

I asked what Biden is doing not the private sector and how is $100 a barrel good for the American public even if we have supply? What is he going to do to make it profitable for American producers at $50 a barrel and to insure it will keep flowing. What exactly is his oil policy?

 

You didn't read the article did you? let me help you.

In short it's not what the Right Wing media want's you to believe. I encourage you to read the WHOLE article from an industry-unbiased source.

 

The person you were talking to can answer if he/she feels like it. I simply post what I think is relevant. I have no clue why you'd expect me to spoon feed Biden's policies to you. I am more interested in realities of the situation rather than political figures. Why are you so obsessed with political figures? Do you think they have a control panel at their desk where they adjust oil production?

Is this good or bad: "U.S. producers are cranking up spending at double-digit rates as fuel demand has soared and fears have waned that OPEC will again punish them by flooding the market with crude that is cheaper to produce."

 

"It was predicted by right wing media". Read the article I linked; for pete's sake.

 

I read it. You can generally find an article to support about any position you want. Like I said, all of this was predicted.

It is like Obama said "Never underestimate the ability of Joe to f...k things up.".

 

OK, like "I" said "all of this", which I take you to mean inflation and negative oil exports, "was predicted" by right wing media. The article "I" linked was an unbiased and thorough evaluation of our "oil independence".

You need to link that quote you're attributing to President Obama, I can't do nothing but verify it's hearsay and probably not true.

 

Will you apologize?

 

Oh yeah, a veritable trail of tears event for sure.