The Biden (interim) Dictator

[420seriouscat69]

To be fair, $ isn’t a real thing to many far left people. Either the economy will adjust for them or the government. Either way, a push to better themselves is out the window in 2022. Let’s talk about Trump and deflect what got us here!

[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.

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

[BIG APPLE CAT]

But that's kind of the name of the effing game, innit? These companies are all capitalists when times are good and the minute things take a turn south oh damn suddenly they socialist af when there's bailout money courtesy of the us taxpayer

[sys]

that's complete nonsense.  in most (almost all) sectors there is competition.

[BIG APPLE CAT]

that's complete nonsense.  in most (almost all) sectors there is competition.

What's nonsense is how none of them seem too concerned about competition. The obvious answer is COLUSION among the competitors...agreeing to cooperate bc they know alternative options are limited

[sys]

you're basically into conspiracy theory at this point.

[BIG APPLE CAT]

Ok then what's the non tinfoil hat explanation? Why in a time when everyone is getting squeezed would so many companies decide to roll the dice and squeeze even harder just for the sake of keeping their share price going up?

[sys]

because they can.


not to get overly reductive, but that's the whole supply and demand thing.  when supply is restricted, you can't increase profits by selling more, so prices go up.  no one is undercutting you because they don't have any more supply than you do.


and, you know, companies can get it wrong too.  like if you pay any attention to business news, you probably heard this week that target mumped up their demand projections hugely and is going to lose a crap ton of money as a consequence.

[steve dave]

some companies are able to benefit from scarcity which is what they are supposed to do. same with labor scarcity. etc. it's the market doing market stuff.

[420seriouscat69]

Looks like a bunch of end Trump voters who are dealing with today’s economy under Biden are just fine. I guess calling people racist for 4 years and MAGA didn’t fix anything. Damn!

[wetwillie]

Man this thread really had it all tonight, well done.

[chum1]

Not done yet.

https://twitter.com/gtconway3d/status/1535808887089254401

[wiley]

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

I would assume he’d go after OPEC with a threat of no more military support if they don’t start meeting what they promised to produce and then some.  Kind of what he did during the pandemic, only telling the Saudi’s to cut production.

https://www.reuters.com/article/us-global-oil-trump-saudi-specialreport-idUSKBN22C1V4

And Donald hated raising interest rates and lost his crap when they hinted at doing so pre pandemic.

“Trump, in a pair of Twitter posts, said negative rates would save the government money on its debt”


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[420seriouscat69]

Only way to fix our current problem is getting to the voting booth in 2024!

[wiley]

Only way to fix our current problem is getting to the voting booth in 2024!

Wacky, there are important elections before that one.


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[420seriouscat69]

Yeah, I know, we’re seeing it everyday now. Their solution? Play people seeing a peaceful movement of the capital as we kill them. Look over here stuff.

[420seriouscat69]

The left would rather you look at Trump vs the monster they voted in and they’re willing to kill their kids over it.

[420seriouscat69]

The people on this board who wanted scalps for ppl who voted for Trump, are hidden now. We’re going through the greatest depression OAT and resident libs are fine with it. #RIP everyone!

[wetwillie]

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

I would assume he’d go after OPEC with a threat of no more military support if they don’t start meeting what they promised to produce and then some.  Kind of what he did during the pandemic, only telling the Saudi’s to cut production.

https://www.reuters.com/article/us-global-oil-trump-saudi-specialreport-idUSKBN22C1V4

And Donald hated raising interest rates and lost his crap when they hinted at doing so pre pandemic.

“Trump, in a pair of Twitter posts, said negative rates would save the government money on its debt”


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I thought our issue was we don’t have enough refinery capacity? How does OPEC solve that?

[420seriouscat69]

Lol. Resident libs went full nazi trying to call out any one who voted conservative for 4* flight prices and for the poor to suffer more.

[Rage Against the McKee]

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

I would assume he’d go after OPEC with a threat of no more military support if they don’t start meeting what they promised to produce and then some.  Kind of what he did during the pandemic, only telling the Saudi’s to cut production.

https://www.reuters.com/article/us-global-oil-trump-saudi-specialreport-idUSKBN22C1V4

And Donald hated raising interest rates and lost his crap when they hinted at doing so pre pandemic.

“Trump, in a pair of Twitter posts, said negative rates would save the government money on its debt”


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I thought our issue was we don’t have enough refinery capacity? How does OPEC solve that?

I don't think we are running all of our refineries for some reason. It must take a whole lot of money to fire one back up after you shut it down.

[420seriouscat69]

 

People were willing to accept 4X inflation vs “mean tweets”. JFC

[420seriouscat69]

Ok then what's the non tinfoil hat explanation? Why in a time when everyone is getting squeezed would so many companies decide to roll the dice and squeeze even harder just for the sake of keeping their share price going up?

holy miss on 6/11/22

[Dugout DickStone]

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".

Basically. but also it prevented the kind of massive disruption that 70% unemployment would have caused.  Keeping someone employed during that time of outright panic seems pretty important.  Forced employers and employees to learn to work from home when we weren't sure when this thing would end.  It was a good concept imho and was certainly trying to be proactive rather than letting it all burn and hoping for the best.

[BIG APPLE CAT]

Ok then what's the non tinfoil hat explanation? Why in a time when everyone is getting squeezed would so many companies decide to roll the dice and squeeze even harder just for the sake of keeping their share price going up?

holy miss on 6/11/22

Wacky you might literally be the only person on this board who is such a gigantic crap for brains dipshit that you're windmill dunking on sometime who (reluctantly) somewhat agreed with and argued on behalf of one of your shitpost memes