US economy grows 5.2% in third quarter; higher interest rates eroding momentum

Oh, you mean the first bill that was voted for by every Democrat in the Senate?

Or were you talking about this one
Senate passes $1.9 trillion Covid relief bill, including $1,400 stimulus checks, with no Republican support
https://www.nbcnews.com/politics/co...illion-covid-relief-bill-including-1-n1259795

 

. . . Trump literally criticized this for not providing MORE money. And Trump wanted even LOWER (even demanding NEGATIVE) interest rates. Any rational person can see that inflation would have been worse under Trump.

 

And EVERY Democrat unanimously voted for it.
TWICE

 

Yes. And your dear leader said they didn't go far enough.

 

Which is why your dear leader tried it twice, and Republicans voted against in unanimously

 

I have no dear leader, and when has any Dem president (clearly what you were going for) tried it twice? But I appreciate your commitment to voting against Trump.

 

The SECOND COVID by Trump was $600B. Spending by the government with printed borrowed dollars IS INFLATION by definition. We already had a slew of government projects already going there was no need for this and as I showed in another thread those billions for the charging stations? TWO YEARS and not ONE charging station installed.

 

No, I was not talking about something else, I was talking about this

 

Yes, he said he would have doubled it.

 

We could always be in a position to counter OPEC but then Biden came along pledging to shut down our domestic production, how does that insulate us form OPEC and any thing they might do?

To increase heavy crude production we have to INCREASE the imports of it.

 

Of COURSE we are the more domestic production we have the lower the price in OUR DOMESTIC market and no one can starve us for it. Economics 101.

 

No, that's wrong. Inflation is caused by increasing the money supply faster than the GDP can absorb it. Borrowing money does NOT increase the money supply, because it has to be paid back. A credit on the left side of the ledger is offset by a debit on the other side. Printing FIAT currency and infusing it into the econonomy, thus increasing the money supply faster that GDP can absorb it, results in inflation. this has always been the cause and is the only cause. Other factors can cause prices to fluctuate,but supply and demand, even if demand is artificial (such as the choke on Oil in Europe by the war) might cause prices to rise, but is only temporary. For an aggregate trend to rise, the money supply must be increased ahead of GDP. The FED does this REGARDLESS of who is president. I don't know why they do it, but they do it.

The stimulus programs were designed to thwart the economic holocaust anticipated by the pandemic. Looks like they over did it, over, no doubt the view was better to over do it, than to under do it. We paid for the saving of the economy with inflation. now that the pandemic has passed, inflation is coming down, but, Biden is getting a bad rap because republicans are dishonest about why it was done.

Infrastructure project is a vast project, will take years to do it is, and no doubt there are logistical and priority issues involved. You guys are going to bellyache forever, as long as you can score cheap political points, right? Of course I'm right. The sorry thing is that the many Senators and congresspersons who voted it against it, boy are they trying to take credit for it when the projects come to their districts and states. ****ing hypocrites .

Here are some of the senators and congresspersons who voted against the Infrastructure bill, but have shown support for projects funded by it in their states and districts:

1. Senator Cindy Hyde-Smith1
2. Senator Tommy Tuberville12
3. Senator Richard Shelby1
4. Senator John Kennedy1
5. Rep. Gary Palmer3
6. Rep. Michelle Steel3
7. Rep. Mariannette Miller-Meeks3
8. Rep. Steve Scalise3
9. Rep. Clay Higgins3
10. Rep. Garret Graves3
11. Rep. Andy Harris3
12. Rep. Pete Stauber3
13. Rep. Yvette Herrell3
14. Rep. Kay Granger3
15. Rep. Rob Wittman3
16. Rep. Ken Calvert3
17. Rep. Ashley Hinson4

​

 

Prices are lower when we can source products from anywhere.

 

Economics 101 = You sell to whoever pays the most, no matter who the customer is. That's why we export 38% of our oil to 180 countries around the planet.

Corporations are not in business of making Americans happy, they are in business of making their shareholders happy.

 

The price of oil went from about $75/bbl to $125/bbl in the first quarter of 2022 - the onset of Russia's war on Ukraine. That is a $50/bbl CHANGE, and it didn't just go back down.

This didn't have anything to do with changes in US or world production. And, US producers certainly did NOT sell to US consumers at a discount from that world price of oil. US producers sold to the highest bidder - as good capitalists do.

That change in price can not be tracked to a sudden increase in demand or sudden failure of supply. The issue was the commodities market response to risk represented by the Ukraine war.

Commodities markets always respond to risk. We can't become independent of the world commodities market in oil, because we view oil as a private business in our free market capitalist system.

 

.

Retarded mind reads Exxon Annual Shareholder’s Report. Said report explains the reasons why oil prices have fluctuated, such as;

Supply and Demand of crude oil
Supply and Demand of fuel
Wars/Ukraine invasion
Restriction on Russian oil
Political instability
Natural Disasters
Weather
Rising cost of production
Supply chain disruptions
Reduced Refinery capacity and utilization rates
Storage capacity
OPEC+ production cut
Government policies

After reading all of the above reasons and explanations, retarded mind concludes that Biden’s policies were the sole reasons why the price of oil/fuel have significantly increased.

 

Well yeah, it's partisan bull!!

 

You left out under the Biden's policies to shutdown our own domestic- sources and production.

 

Ecomonics 101 there is more to "cost" than price at the well head.

 

Especially when that includes a robust and growing domestic source.

 

No, that happened under the Trump presidency.


We were totally unprepared for COVID. Plus, the response got politicized, because so many Americans have FAR more interest in partisanship than interest in America's defense against this kind of attack. And, that was directed by Trump.

We aren't any better prepared, either. We have even stronger opposition to the well known methods for containing communicable disease and FAR less willingness to pull together for the good of the nation and its people.

We lost doctors, nurses and first responders in the effort to save people who just couldn't be bothered to save themselves or their families. We spit in the face of science based medicine, and I don't believe that has gotten any better.

 

We buy our products from the least expensive source that meets our requirements. That's why our standard of living is what it is. That's how free market capitalism works.

So, what are you actually proposing?

It's easy to say "robust and growing domestic source", but it means nothing unless you have a proposal.

 

And that cost is not just the cost at the wellhead.

 

Not energy.

COVID was no longer a factor by the time Biden came into office but he HAD to make it one so the Dems could try to discredit Trump and give Biden the credit. We had the vaccines, the economy was back on track and expanding and people going back to work. Trump wrongly IMO tried to usurp Biden's announce spending plans by getting a less plan passed but Biden totally discounted that once in office and STILL passed his plan and still worked to keep everything shutdown and people out of the workplace while he shoveled out unnecessary spending inflation OUR currency and OUR economy. Had he done NOTHING but managed what he was handling we would have been and would now all be MUCH better off.

 

Did the democrats force trump to sign his name?
Why didn't he simply veto?