The Biden (interim) Dictator

[sonofdaxjones]

Oh I know you'd vote for the politically motivated self imposed suffering if you knew it was going to help your political movement, chum.   That's the kind of hyper partisan derp that you are.

[420seriouscat69]

They’re just going to “that’s not how economics works!” Their way through the next two years.

[Cire]

They’re just going to “that’s not how economics works!” Their way through the next two years.

Ignorance is a choice


Sent from my iPhone using Tapatalk

[sonofdaxjones]

You can't use our own words against us!!  (The Joe Biden administration)

[catastrophe]

I can’t figure out if Wacky actually thinks he’s clever or he’s just pulling out all the stops to get replies.

We already know what we’re getting with Dax.

[sonofdaxjones]

We already know what we're getting with cat . . . and that's a pile of derp.

[kim carnes]

the european economy is dogshit and has been for a long time so i’m not sure why anyone would use them as a comparison to say we’re doing fine

[sonofdaxjones]

U.S. policies under Joe Biden are ensuring that the economies of our allies remains . . . dogshit.

But #blueanon completely lost their mind about Trump and Europe.

It appears that Joe is really taking Victoria "eff the EU" Nuland to heart on this.

[420seriouscat69]

Biden’s economy Is trickling all the way down to Barleys here in KC! They no longer serve fries with their Buffalo wrap and no rolls anymore for the cheddar ale soup.

[Justwin]

I'm glad we chose spending over suffering. And I will definitely vote to do so again.

The ARP was completely unnecessary. Some of the stuff in 2020 was fine. The PPP was a complete dud.

[steve dave]

The student debt will be the new worst idea

[Rage Against the McKee]

The student debt will be the new worst idea

Yeah, injecting more cash into an economy where supply already fails to meet demand doesn't seem like it will be very effective.

[steve dave]

you know what would slow down this scorcher of an inflation number? ADDING $10k in student loan debt to every citizen. I think I may have just solved this thing folks.

[CNS]

you know what would slow down this scorcher of an inflation number? ADDING $10k in student loan debt to every citizen. I think I may have just solved this thing folks.

It won't be student debt, but gas and food will do a bang up job of this.

[steve dave]

you know what would slow down this scorcher of an inflation number? ADDING $10k in student loan debt to every citizen. I think I may have just solved this thing folks.

It won't be student debt, but gas and food will do a bang up job of this.

yes, but people hate inflation. it's been pretty clearly documented that people love to take on student loan debt.

[Spracne]

Sent from my iPhone using Tapatalk

Say what you will about Putin, but this was a pretty brilliant long-game strategy orchestrated by Russia. Get Europe addicted to Russian energy (build pipelines, etc.), and then pounce on Ukraine.

[kim carnes]

The student debt will be the new worst idea

Yeah, injecting more cash into an economy where supply already fails to meet demand doesn't seem like it will be very effective.

We are already effectively doing that by pausing student loan payments (minus the people still paying theirs)

[Spracne]

The student debt will be the new worst idea

Yeah, injecting more cash into an economy where supply already fails to meet demand doesn't seem like it will be very effective.

We are already effectively doing that by pausing student loan payments (minus the people still paying theirs)

Like, every person I know (responsible people) immediately refinanced their federal loans into private loans. So this won't affect us 1%'ers.

[kim carnes]

The student debt will be the new worst idea

Yeah, injecting more cash into an economy where supply already fails to meet demand doesn't seem like it will be very effective.

We are already effectively doing that by pausing student loan payments (minus the people still paying theirs)

Like, every person I know (responsible people) immediately refinanced their federal loans into private loans. So this won't affect us 1%'ers.

I’m aware

[sys]

To me it proves they are affected by the same things our economy is being affected by. These are global supply chain issues, the war in Ukraine and too much government spending/monetary stimulus. If we had done less government spending, especially spending that was funded by borrowing, we would have less inflation. The spending done as part of the ARP was particularly inflationary as aggregate demand had largely recovered when it was implemented. Biden should be held responsible for this.

agree with justwin on most of this

The ARP was completely unnecessary. Some of the stuff in 2020 was fine. The PPP was a complete dud.

don't agree here.  there was some good, necessary stuff in the arp along with the stupid stuff (checks) and unnecessary stuff (state & local money).  the ppp was good too.

[sonofdaxjones]

The latest is . . . blame those got damn ocean carriers and their got damn rising prices.

Meanwhile . . .

https://www.joc.com/maritime-news/container-lines/shippers-face-rising-fuel-surcharges-top-rate-pain_20220311.html

[Justwin]

The ARP was completely unnecessary. Some of the stuff in 2020 was fine. The PPP was a complete dud.

don't agree here.  there was some good, necessary stuff in the arp along with the stupid stuff (checks) and unnecessary stuff (state & local money).  the ppp was good too.

I'm curious what you feel is the good, necessary stuff in the ARP and what percentage of the plan you think was good and necessary.

I am unconvinced on PPP. Billions upon billions lost in fraud. Untold billions that went to businesses that did not shut down or have any reason to shut down. The only people in these businesses that got money were the business owners and employees got nothing extra.

[Rage Against the McKee]

I think the PPP loans should have been paid back. I'm not a fan of forgiving them before any payments were even made.

[bucket]

The ARP was completely unnecessary. Some of the stuff in 2020 was fine. The PPP was a complete dud.

don't agree here.  there was some good, necessary stuff in the arp along with the stupid stuff (checks) and unnecessary stuff (state & local money).  the ppp was good too.

I'm curious what you feel is the good, necessary stuff in the ARP and what percentage of the plan you think was good and necessary.

I am unconvinced on PPP. Billions upon billions lost in fraud. Untold billions that went to businesses that did not shut down or have any reason to shut down. The only people in these businesses that got money were the business owners and employees got nothing extra.

I agree with you on PPP. I think the decision was to get the money out fast as opposed to getting it to who needed it and that came at a cost. It's hard for me to say if that was right or wrong. Probably wrong in the grand scheme of things, but I'm sure some people really appreciated it.

[BIG APPLE CAT]

The ARP was completely unnecessary. Some of the stuff in 2020 was fine. The PPP was a complete dud.

don't agree here.  there was some good, necessary stuff in the arp along with the stupid stuff (checks) and unnecessary stuff (state & local money).  the ppp was good too.

I'm curious what you feel is the good, necessary stuff in the ARP and what percentage of the plan you think was good and necessary.

I am unconvinced on PPP. Billions upon billions lost in fraud. Untold billions that went to businesses that did not shut down or have any reason to shut down. The only people in these businesses that got money were the business owners and employees got nothing extra.

i agree, a lot of companies (including the one i work for, although i'm not high enough up to have any say in what decisions they make) took those PPP loans and used them to do stock buybacks.  Pretty sure the point of those PPP loans was to help keep companies afloat, not artificially increase their stock price because hey they're loaning out cheap money.