The Biden (interim) Dictator

[sys]

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

most of it was basically unemployment run through employers because we don't have any way to do federal unemployment.  wouldn't make sense to have employers pay back those "loans".

[sys]

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.

good:
all the vaccine, testing & healthcare stuff
extra emergency funds to existing programs (probably)
expanded unemployment (might have been too long, but delta appeared and made the timing about right)

bad:
checks (egregious)
state & local (who knows if some of this was needed, but clearly most of it wasn't)
rental assistance

who the eff knows:
everything else

[420seriouscat69]

https://twitter.com/wallstreetsilv/status/1535612309762088960?s=21&t=CX8FJ8lMS7vtmn_AW584mA

[sonofdaxjones]

All roads lead to Putinflation


Sent from my iPhone using Tapatalk

[420seriouscat69]

https://twitter.com/cramertracker/status/1535257999492661249?s=21&t=i67uHEjeWfYMClOKyEDrTQ

[BIG APPLE CAT]

If Joe want so busy being the LRPOAT maybe he could issue an executive order for deflation or something lfg Biden do you job for once

[sys]

If Joe want so busy being the LRPOAT maybe he could issue an executive order for deflation or something lfg Biden do you job for once

i mean he could use the policy tools at his disposal to try and reduce inflation.  until he shows a least at tiny inclination to do that rather than entertain notions more likely to increase inflation, i think a little criticism is probably valid even though he doesn't have a big inflation/deflation throttle in the oval office.

[steve dave]

Biden is 100% a rough ridin' clown who I hate but I’d be curious to know what Justwin or any of our resident MAGAs think inflation would be with Trump or any president of their choosing.

There are shitloads of legitimate things to be mad at him for

[420seriouscat69]

Far left wingers are just going to call everyone dumb through this record high inflation and LRPOAT era to weather the storm to get by this colossal failure of a presidency they voted for and I’m absolutely here for it!

[BIG APPLE CAT]

If Joe want so busy being the LRPOAT maybe he could issue an executive order for deflation or something lfg Biden do you job for once

i mean he could use the policy tools at his disposal to try and reduce inflation.  until he shows a least at tiny inclination to do that rather than entertain notions more likely to increase inflation, i think a little criticism is probably valid even though he doesn't have a big inflation/deflation throttle in the oval office.

I understand the knee jerk reaction to blame the sitting President, but my question is can the companies providing the goods and services really not afford to absorb these costs? Seems like they continue to make record profits so like, maybe at least pretend there is some competition in the market and eat some of that cost instead of passing (more than) 100% of it on to your customers

[420seriouscat69]

If Joe want so busy being the LRPOAT maybe he could issue an executive order for deflation or something lfg Biden do you job for once

i mean he could use the policy tools at his disposal to try and reduce inflation.  until he shows a least at tiny inclination to do that rather than entertain notions more likely to increase inflation, i think a little criticism is probably valid even though he doesn't have a big inflation/deflation throttle in the oval office.

I understand the knee jerk reaction to blame the sitting President, but my question is can the companies providing the goods and services really not afford to absorb these costs? Seems like they continue to make record profits so like, maybe at least pretend there is some competition in the market and eat some of that cost instead of passing (more than) 100% of it on to your customers

lol. You guys just spent 4 years blaming a president for EVERYTHING and now it’s not fair. GTFOOH!

[BIG APPLE CAT]

If Joe want so busy being the LRPOAT maybe he could issue an executive order for deflation or something lfg Biden do you job for once

i mean he could use the policy tools at his disposal to try and reduce inflation.  until he shows a least at tiny inclination to do that rather than entertain notions more likely to increase inflation, i think a little criticism is probably valid even though he doesn't have a big inflation/deflation throttle in the oval office.

I understand the knee jerk reaction to blame the sitting President, but my question is can the companies providing the goods and services really not afford to absorb these costs? Seems like they continue to make record profits so like, maybe at least pretend there is some competition in the market and eat some of that cost instead of passing (more than) 100% of it on to your customers

lol. You guys just spent 4 years blaming a president for EVERYTHING and now it’s not fair. GTFOOH!

Wacky, really great stuff as always but adults are talking could you just

[420seriouscat69]

Yeah, we’re taking away a lot from you right now. Continue your dedicated hard work of nothing.

[420seriouscat69]

You know who record high inflation hurts the most? The poor who you pretend to care about.

[420seriouscat69]

40 Bill to Ukraine, nothing to see there, but if companies just adjusted their pricing through this, we’re all good. -BAC economy

[sys]

I understand the knee jerk reaction to blame the sitting President, but my question is can the companies providing the goods and services really not afford to absorb these costs? Seems like they continue to make record profits so like, maybe at least pretend there is some competition in the market and eat some of that cost instead of passing (more than) 100% of it on to your customers

you should budget out the minimum you can afford to live on and tell your employer to cut your salary to that to do your part in fighting inflation.  like, maybe at least pretend they could hire someone else to do your job for less.

[catastrophe]

I understand the knee jerk reaction to blame the sitting President, but my question is can the companies providing the goods and services really not afford to absorb these costs? Seems like they continue to make record profits so like, maybe at least pretend there is some competition in the market and eat some of that cost instead of passing (more than) 100% of it on to your customers

you should budget out the minimum you can afford to live on and tell your employer to cut your salary to that to do your part in fighting inflation.  like, maybe at least pretend they could hire someone else to do your job for less.

Not that anyone expects them to do anything, but I thought executive compensation has climbed way more than employee wages over the last few decades. I think there is a fair argument to be made that prices have gone up in part to protect the massive performance bonuses the C-suite stands to gain.

[BIG APPLE CAT]

I understand the knee jerk reaction to blame the sitting President, but my question is can the companies providing the goods and services really not afford to absorb these costs? Seems like they continue to make record profits so like, maybe at least pretend there is some competition in the market and eat some of that cost instead of passing (more than) 100% of it on to your customers

you should budget out the minimum you can afford to live on and tell your employer to cut your salary to that to do your part in fighting inflation.  like, maybe at least pretend they could hire someone else to do your job for less.

Ok, well, the bolded part is doing a lot of the heavy lifting. I'm not suggesting companies should just take one for the team out of the goodness of their gigantic hearts, I'm just pointing out that many of the companies that provide the notably inflated priced goods and services are also the ones enjoying record profits. Obviously I wouldn't make such a suggestion if those companies were struggling to stay in business but that couldn't be further from the case here

[chum1]

I’d be curious to know what Justwin or any of our resident MAGAs think inflation would be with Trump

I'm sure people would have way more fun talking about economics if we turned into an oligarchy like Russia with Putin.

[catastrophe]

If Joe want so busy being the LRPOAT maybe he could issue an executive order for deflation or something lfg Biden do you job for once

i mean he could use the policy tools at his disposal to try and reduce inflation.  until he shows a least at tiny inclination to do that rather than entertain notions more likely to increase inflation, i think a little criticism is probably valid even though he doesn't have a big inflation/deflation throttle in the oval office.

This is obviously all true, but also you clearly would have a problem with Biden pulling the pretty obvious lever of ending Russian sanctions.

[sys]

I think there is a fair argument to be made that prices have gone up in part to protect the massive performance bonuses the C-suite stands to gain.

in general that isn't true.  it might be true for some smaller companies, but i imagine that a big part of the reason exec salaries have gotten so extravagant is that they're a small expense for large companies so shareholders don't care that much about controlling them.


unless you just mean that execs are incentivized to increase profits of the companies they direct, in which case, well, yeah.

[sys]

I'm not suggesting companies should just take one for the team out of the goodness of their gigantic hearts.

that's exactly what you're suggesting.

[sys]

you clearly would have a problem with Biden pulling the pretty obvious lever of ending Russian sanctions.

that's true.  i don't think inflation is the absolute highest priority.

[420seriouscat69]

I'm not suggesting companies should just take one for the team out of the goodness of their gigantic hearts.

that's exactly what you're suggesting.

YUP!

[BIG APPLE CAT]

I'm not suggesting companies should just take one for the team out of the goodness of their gigantic hearts.

that's exactly what you're suggesting.

No, it really isn't. I know you don't need a refresher in basic econ so you know that under (actual) capitalism a company is going to avoid passing along costs to the customer for fear that competition will come in and sell the same product for less, taking away their business. But we don't have that bc we don't have any real competition in the marketplace, so they know they don't have to worry about that.
Furthermore, many of these companies are really going hard, saying oh crap, the cost of our widget just increased by 2%, so let's go ahead and pass along that 2% to or customers...oh and while we're at it let's bump it another 2% so we can keep those record profits soaring.

Quite frankly if that's the game they want to play then fine, but then they shouldn't be allowed to turn into socialists and take govt bailout money