The economy is actually bad

[Professor Emeritus]

so when trump ran a 5 trillion dollar deficit in 2020, and biden immediately got into office and wrote a 2 trillion dollar bill, all in the span of a year, that didnt cause inflation?

what an embarrassing, unserious position

First off, are you even aware that inflation generally hurts the rich? So why'd you claim it was the biggest transfer of wealth to the rich, but then when I respond to that bullshyt, you turn around and bytch about inflation? You probably don't even know what the breakdown of the Covid bills were, but you made the claim anyway because right-wing twitter told you to.


When you consistently post the most superficial possible response to every question, and have proven over and over that you NEVER research any topic beyond what you've seen posted on right-wing twitter, don't accuse other people of not being serious.

Yes, economic stimulus contributed to inflation, perhaps 2-3% according to every study out there. That leaves over 2/3 of inflation to other things, namely China's national shutdown, the supply line bottleneck, and Russia's war.

So it's a question of whether people would have been better off with lots of economic help and 8% inflation, or zero economic help and 6% inflation.

 

[Majestyx]

so like from 5 to 6

from 5:50 to 6:50

 

[Batsute]

You are conflating two things , pandemic specific policy safety nets and the US economy. The US economy is in good shape, the US labor market is very strong, the last jobs report in august showed a gain of 187,000 jobs, the labor force participation rate is high meaning folks who want a job can find one and average hourly earnings are up as well and inflation is way down as well. The reason the pandemic policy safety nets like the child tax credit was renewed is due to unanimous opposition from all republicans in congress and a handful of democrats(sinema and joe manchin) to renew it, this programs were design to be temporary relief during the pandemic era

That job metric has and will always be bullshyt. It’s just a tool for politicians for stat padding.

 

[the cac mamba]

Yes, economic stimulus contributed to inflation,

good

we know why you're so loathe to address it. because it's a lowkey indictment of all the money the left wants to spend and Massie was condemning the left and the right, which is why trump tried to get him primaried. no need to be so defensive

 

[Magic Mulatto]

not necessarily. The longer you live the better it is for for you.

Unless you plan on dying tommorow, then you should be sitting on a few hundred thousand by your 60s with a property or two under your belt. The only issue with our sysytem is that takes so damn long to reach that place in life. You rarely get there in your youthful 20s, 30s or even 40s.

But of course it could always be worse. In most of the world you are born a peasant with nothing and you die with nothing.

Appreciate the post, breh.

But I was born a nobody and I will die a nobody…



Gawd bless you, King…Hope you go to the grave rich asf…

 

[the cac mamba]

We you see that the military received nearly 900 billion last year you will then realize that 26 billion is nothing to them

you didn't answer where it's going zelensky and them are pocketing some of this money, its been documented. let france, UK and germany pay for this shyt. it's their backyard

 

[Professor Emeritus]

good

we know why you're so loathe to address it.

I've never been "loathe to address it". I've always had the exact same answer once the studies were completed. Covid spending accounted for less than 1/3 of inflation, and I think overall the average American was better off for it.



Actual breakdown of Covid bill spending for all three bills combined: COVID Money Tracker


$2.2 trillion in money for people (stimulus payments, child and earned income tax credit, extra unemployment benefits, extra food stamps, etc.)

$1.5 trillion in business support, mostly small businesses (PPP loans, economic injury disaster loans, loosened rules on business losses)

$870 billion in support for state and local governments (covid program funding, extra education funding, extra medicaid funding, and general budget relief)

$700 billion in health care funding (some directly for various Covid programs like testing and vaccines, rest general grants for fiscal viability)

$500 billion in other support (disaster funding, housing, higher education support, payments to farmers, etc.)



That's where the $6 trillion from the three Covid bills went. @the cac mamba, where do you see, "The greatest transfer to the rich in American history", like you claimed? How much of that $6 trillion do you think could be taken away and the American people would have been better off somehow?

If some of y'all actually cared about wealth transfer to the rich you would bytch about the Federal Reserve, not the Covid legislation. They moved more money than the bills did and their money actually did go to propping up the rich. But only one breh here mentioned that and he got ignored.

 

[Professor Emeritus]

you didn't answer where it's going zelensky and them are pocketing some of this money, its been documented. let france, UK and germany pay for this shyt. it's their backyard

Personally I'm not a fan of funding wars, but you literally believe the bolded solely because you saw it on right-wing twitter, like everything else. Where the fukk was it "documented" that Zelensky is pocketing the money?

 

[the cac mamba]

That's where the $6 billion from the three Covid bills went. @the cac mamba, where do you see, "The greatest transfer to the rich in American history", like you claimed? How much of that $6 billion do you think could be taken away and the American people would have been better off somehow?

If some of y'all actually cared about wealth transfer to the rich you would bytch about the Federal Reserve, not the Covid legislation. They moved more money than the bills did and their money actually did go to propping up the rich. But only one breh here mentioned that and he got ignored.

not one but two freudian slips you're doing badly

 

[the cac mamba]

Personally I'm not a fan of funding wars, but you literally believe the bolded solely because you saw it on right-wing twitter, like everything else. Where the fukk was it "documented" that Zelensky is pocketing the money?

imagine being this naive and stupid, like 26 billion is cleanly flowing through the ukranian government. you're a disgrace

what do you think, the corruption in washington is unique or something? i bet you think hunter biden is selling paintings for 100k because he's a good artist

 

[Savvir]

i bet you think hunter biden is selling paintings for 100k because he's a good artist

Havn't heard of this...

source?

 

[inndaskKy]

Did you think all the covid money was for free?

Who did you think was going to foot the bill?

It really was "free" breh. No one's footing the bill. That's not how government money works.

Inflation was mostly caused by energy companies taking advantage of the war in Ukraine. When they charge more because they know they can get away with it, everyone has to up their prices to make up for the additional costs.

 

[2 Up 2 Down]

you didn't answer where it's going zelensky and them are pocketing some of this money, its been documented. let france, UK and germany pay for this shyt. it's their backyard

Fiscal Data Explains Federal Spending

Check out @FiscalService Fiscal Data’s new federal spending page! #FederalSpending

fiscaldata.treasury.gov

106 billion (or 2%) in spending for "other" this year. I assume "Zelensky and them" fall under that category

 

[Professor Emeritus]

not one but two freudian slips you're doing badly

So you can't respond to a single thing in the post, your only thought is a spelling error.

You claimed the Covid bills were the biggest transfer of wealth to the rich in history, because that's what right-wing twitter told you to think. Are you going to stand on that claim and show us where the transfer was, or not?

imagine being this naive and stupid, like 26 billion is cleanly flowing through the ukranian government. you're a disgrace

You went from "it's been documented that Zelensky is siphoning the money to his own pockets" to "it must be true because it feels true."

You are the most obvious agent on this board, and among the most ignorant.

 

[2 Up 2 Down]

It really was "free" breh. No one's footing the bill. That's not how government money works.

Inflation was mostly caused by energy companies taking advantage of the war in Ukraine. When they charge more because they know they can get away with it, everyone has to up their prices to make up for the additional costs.

Most people here get their news info from right wing sources or from other people that don't know what they are talking about