Biden ushers in era of crippling inflation.
Thoughts?
shareIt's completely intentional. He only serves the interest of the Globalist elites and hates the poor and middle class.
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MovieChat Forums > Politics > Biden ushers in era of crippling inflati...
There are a few things Joe could do to combat inflation, but I guarantee you Trumptwats won't like them!
(1) Repeal most (or all) of Donald Trump’s tariffs.
Donald Trump imposed a lot of taxes on imported goods. These tariffs were less carefully considered components of a comprehensive economic strategy than arbitrary, ad hoc PR tactics. The substantive case for Trump’s tariffs on steel or washing machines was never very strong. Raising the cost of metal for U.S. producers was always likely to reduce domestic-manufacturing employment, since more Americans earn a living making cars, computers, and construction equipment than do so making steel. Raising the cost of imported washing machines, meanwhile, was bound to be a net loss for America since very few U.S. residents work in the laundry-equipment business while a large majority purchase a washer at some point in their lifetimes.
4) Expand immigration.
Increasing immigration isn’t automatically disinflationary for the same reason that it doesn’t generally lower wages: Although immigrants increase an economy’s supply of labor, they also increase its demand for labor.
https://nymag.com/intelligencer/2021/11/what-biden-should-and-shouldnt-do-to-combat-inflation.html
Gasoline $3.04 in Houston now.
shareInflation is world-wide. And largely because of Covid. The economy has been struggling since March 2020.
shareIt's not because of covid... its because of the dumbass US government printing more money, than has ever been in circulation, in 1 year. Bailing out the people was a mistake, or by malicious design.
shareThe economy was good March 2020-Jan. 19, 20201?
Design, LOL. Jesus...
Yes, all by design...try to keep up, little one. I'll go slow...
They(Democrats) crashed the economy on purpose by locking down all the major cities, and closing small businesses.
Bailing out the people with pointless stimmy checks, by printing trillions of dollars, is directly the cause of the inflation.
The majority of the world bases their economies on the US dollar. If the US inflates, the world inflates.
The great reset requires the world economy to crash....in order to do this, you need to take out the US economy first.
The inflation is world wide because the majority of the world bases their economies on the US dollar, and what the US does.
If the US raises rates, other countries do.
If the US prints a shit ton of money, other countries do.
If the US Dollar falls, most of the world is coming with it. Their is no other currency with enough global support, to take it's place.
Inb4: "tHe eUrO!1"...lol, please.