September 19, 20232 yr He's still going. - Biden signs bill called The Inflation Reduction Act - The inflation rate comes down dramatically - Kz posts a tweet saying inflation is still rising because he's a troll - Everyone laughs at him - Mike has a series of debilitating mini-strokes while contemplating the name of the bill
September 19, 20232 yr Just now, VanHammersly said: He's still going. - Biden signs bill called The Inflation Reduction Act - The inflation rate comes down dramatically - Kz posts a tweet saying inflation is still rising because he's a troll - Everyone laughs at him - Mike has a series of debilitating mini-strokes while contemplating the name of the bill Honestly, CVON should be a sitcom. Strike or not, there's not a team of writers in the world that could come up with stuff this good.
September 19, 20232 yr 47 minutes ago, Mike31mt said: Bidenflation stans: Inflation was at a record high now its only slightly debilitating for poor people! See, the Inflation Reduction worked! Biden himself: Actually the bill had nothing to do with inflation reduction and it was improperly labeled Bidenflation stans: ....but still, though! 7% inflation is no where close to a record high. It’s not even half the peak in the 70’s where inflation stayed above 5% for nearly a decade. It’s only a third of the record of almost 21%, at the end of WW2.
September 19, 20232 yr 12 minutes ago, MidMoFo said: 7% inflation is no where close to a record high. It’s not even half the peak in the 70’s where inflation stayed above 5% for nearly a decade. It’s only a third of the record of almost 21%, at the end of WW2. Mike's math teacher in WV teaching the class how it's done:
September 19, 20232 yr 1 hour ago, Mike31mt said: I was reacting to their comments directly, where they're pretending like inflation isnt happening and no big deal. Classic limousine liberals. Im not going to go back 12 pages to find this random tweet, sorry. Regardless, the fact remains that the foundation of their arguments were that the bill did something to reduce inflation when Biden himself said it did not. The original tweet is moot when Biden himself said it shouldn't have even been called Inflation Reduction You were and still are reacting without knowing the full context of the argument. Par for the course.
September 19, 20232 yr 22 minutes ago, we_gotta_believe said: Mike's math teacher in WV teaching the class how it's done: What an idiot! She forgot to carry the one - should be 4516!
September 19, 20232 yr Richard Nixon’s War On Inflation Was A Total Economic Disaster On August 15, 1971, President Richard Nixon went on television and announced a three‐part New Economic Policy supposedly intended to stop inflation and increase economic growth. By executive order he would "close the gold window,” thus preventing foreign nations from exchanging U.S. dollars for U.S. gold; impose a 10 percent surcharge on imports; and order a freeze on wages and prices. Public reaction was good, and the Dow Jones Average rose the next day. The New York Times editorialized that "we unhesitatingly applaud the boldness with which the President has moved on all economic fronts.” The few libertarians at the time had a different reaction. Milton Friedman wrote in his Newsweek column that the price controls "will end as all previous attempts to freeze prices and wages have ended, from the time of the Roman emperor Diocletian to the present, in utter failure.” Ayn Rand gave a lecture about the program titled "The Moratorium on Brains” and denounced it in her newsletter. Alan Reynolds, now a Cato senior fellow, wrote in National Review that wage and price controls were "tyranny … necessarily selective and discriminatory” and unworkable. Murray Rothbard declared in the New York Times that on August 15 "fascism came to America” and that the promise to control prices was "a fraud and a hoax” given that it was accompanied by a tariff increase. Some libertarians who were gathered that night at the Denver home of David and Sue Nolan decided that Nixon’s announcement was the last straw: it was time to form a new political party. In meetings over the next 10 months they created the Libertarian Party and nominated a presidential ticket. One of the attendees at the first convention, in June 1972, was Ed Clark, a free‐market, antiwar lawyer who had decided to leave the Republican Party after Nixon’s speech. He soon became a member of the fledgling Libertarian Party and in 1980 became its most successful presidential candidate to that date. Much has been said about the economic effects of the Nixon shock. Lew Lehrman wrote in the Wall Street Journal in 2011, "The "Nixon Shock” was followed by a decade of one of the worst inflations of American history and the most stagnant economy since the Great Depression. The price of gold rose to $800 from $35. The purchasing power of a dollar saved in 1971 under Nixon has today fallen to 18 pennies. Nixon’s new economic policy sowed chaos for a decade.” There were intermittent gasoline shortages and lines until Ronald Reagan removed the price controls on oil. David Stockman told me in 1979, when I was new to the policy world, that closing the gold window had been the worst policy decision since he came to Washington. We’re still paying the price for the unleashing of inflation. But I suppose there were a couple of positive outcomes from Nixon’s very bad decision: the creation of a stronger libertarian movement, and the fact that nobody has seriously proposed wage and price controls since.
September 19, 20232 yr 42 minutes ago, jsdarkstar said: Richard Nixon’s War On Inflation Was A Total Economic Disaster On August 15, 1971, President Richard Nixon went on television and announced a three‐part New Economic Policy supposedly intended to stop inflation and increase economic growth. By executive order he would "close the gold window,” thus preventing foreign nations from exchanging U.S. dollars for U.S. gold; impose a 10 percent surcharge on imports; and order a freeze on wages and prices. Public reaction was good, and the Dow Jones Average rose the next day. The New York Times editorialized that "we unhesitatingly applaud the boldness with which the President has moved on all economic fronts.” The few libertarians at the time had a different reaction. Milton Friedman wrote in his Newsweek column that the price controls "will end as all previous attempts to freeze prices and wages have ended, from the time of the Roman emperor Diocletian to the present, in utter failure.” Ayn Rand gave a lecture about the program titled "The Moratorium on Brains” and denounced it in her newsletter. Alan Reynolds, now a Cato senior fellow, wrote in National Review that wage and price controls were "tyranny … necessarily selective and discriminatory” and unworkable. Murray Rothbard declared in the New York Times that on August 15 "fascism came to America” and that the promise to control prices was "a fraud and a hoax” given that it was accompanied by a tariff increase. Some libertarians who were gathered that night at the Denver home of David and Sue Nolan decided that Nixon’s announcement was the last straw: it was time to form a new political party. In meetings over the next 10 months they created the Libertarian Party and nominated a presidential ticket. One of the attendees at the first convention, in June 1972, was Ed Clark, a free‐market, antiwar lawyer who had decided to leave the Republican Party after Nixon’s speech. He soon became a member of the fledgling Libertarian Party and in 1980 became its most successful presidential candidate to that date. Much has been said about the economic effects of the Nixon shock. Lew Lehrman wrote in the Wall Street Journal in 2011, "The "Nixon Shock” was followed by a decade of one of the worst inflations of American history and the most stagnant economy since the Great Depression. The price of gold rose to $800 from $35. The purchasing power of a dollar saved in 1971 under Nixon has today fallen to 18 pennies. Nixon’s new economic policy sowed chaos for a decade.” There were intermittent gasoline shortages and lines until Ronald Reagan removed the price controls on oil. David Stockman told me in 1979, when I was new to the policy world, that closing the gold window had been the worst policy decision since he came to Washington. We’re still paying the price for the unleashing of inflation. But I suppose there were a couple of positive outcomes from Nixon’s very bad decision: the creation of a stronger libertarian movement, and the fact that nobody has seriously proposed wage and price controls since. Well he did end the Vietnam War and abolished the draft lottery. Of course he resigned in disgrace under threat of impeachment.
September 19, 20232 yr Shocking Joe Biden's Impeachment Falls Apart Republican efforts to impeach President Joe Biden suffered a blow after fresh evidence emerged showing his bid to remove Ukrainian Prosecutor General Viktor Shokin in 2015 represented U.S. government policy. Then-Vice President Biden met Petro Poroshenko, the Ukrainian president at the time, in December 2015, after which he claimed he'd threatened to withhold $1 billion in U.S. aid to Kyiv, unless Shokin was removed from his post, which he subsequently was. Some conservatives have suggested Biden was attempting to protect Ukrainian energy company Burisma, the board of which his son, Hunter Biden, had joined in 2014, by moving against Shokin. However a pre-meeting memo prepared for Biden by the State Department, dated November 25, 2015, made it clear that removing Shokin was the Obama administration's policy. The document called for Shokin's "removal," claiming he was "widely regarded as an obstacle to fighting corruption, if not a source of the problem." This document was published by John Solomon, a conservative commentator who has argued Biden did call for Shokin's removal to advance his son's business activities, on his Just The News website.
September 19, 20232 yr 2 hours ago, Mike31mt said: Bidenflation stans: Inflation was at a record high now its only slightly debilitating for poor people! See, the Inflation Reduction worked! Biden himself: Actually the bill had nothing to do with inflation reduction and it was improperly labeled Bidenflation stans: ....but still, though! You're cherry picking a quote. I can do that too... Quote You know, one year ago, with your leadership, I signed the Inflation Reduction Act into law and — one of the most significant laws I think has ever been enacted — taking on the special interests and winning — and winning. (Applause.) Delivering — delivering on promises that have long been made to the American people to lower costs for families, especially healthcare costs, increase America’s energy security, restore fairness to a tax code, create good-paying jobs here in America, and to address the existential threat of climate crisis. He lowered costs for families. Especially health care costs.
September 19, 20232 yr 1 minute ago, Gannan said: You're cherry picking a quote. I can do that too... He lowered costs for families. Especially health care costs. Im not cherry picking jack squat, you all were in here crowing about how awesome and effective the IRA was and Biden himself says youre all wrong. Deal with it, it didnt do jack ish for inflation, and in fact may have further delayed the regression to the mean.
September 19, 20232 yr 2 hours ago, VanHammersly said: He's still going. - Biden signs bill called The Inflation Reduction Act - The inflation rate comes down dramatically - Kz posts a tweet saying inflation is still rising because he's a troll - Everyone laughs at him - Mike has a series of debilitating mini-strokes while contemplating the name of the bill Its almost like Biden said the Act did absolutely nothing and had no impact and yet you guys are still pretending it did. Actually thats exactly what youre all doing. Willful ignorance.
September 19, 20232 yr first, dark brandon cured covid. now, he cured inflation! the only thing he can't cure is BDS!
September 19, 20232 yr 2 hours ago, we_gotta_believe said: Gee, I don't know, it's quite the mystery. You think Scully and Mulder are still around to piece this one together? Yeah exactly, you thought it reduced inflation but you are wrong. That sucks. Keep trying guys. Playing semantics wont make your assumptions about the bill any less wrong.
September 19, 20232 yr 1 hour ago, Tnt4philly said: You were and still are reacting without knowing the full context of the argument. Par for the course. I made my own comment and thus created my own argument. My absolutely true point remains, you all are acting like inflation isnt real and that Biden has actually done a damn thing about it and both are wrong. Sorry Biden sucks at his job so much and fooled you all into thinking he doesnt
September 19, 20232 yr Just now, Mike31mt said: Yeah exactly, you thought it reduced inflation but you are wrong. That sucks. Keep trying guys. Playing semantics wont make your assumptions about the bill any less wrong. Being able to read and follow a conversation is now called "playing semantics".
September 19, 20232 yr Just now, we_gotta_believe said: Being able to read and follow a conversation is now called "playing semantics". Answer for the group then, why did you mention August 2022?
September 19, 20232 yr 2 minutes ago, Mike31mt said: I made my own comment and thus created my own argument. My absolutely true point remains, you all are acting like inflation isnt real and that Biden has actually done a damn thing about it and both are wrong. Sorry Biden sucks at his job so much and fooled you all into thinking he doesnt It's almost like there's a name for that...
September 19, 20232 yr Just now, Mike31mt said: Answer for the group then, why did you mention August 2022? Answer for the group then, who zips up your pants every morning?
September 19, 20232 yr Just now, we_gotta_believe said: Answer for the group then, who zips up your pants every morning? Thats what I thought, loser You cant admit youre wrong, like a toddler.
September 19, 20232 yr 1 minute ago, we_gotta_believe said: It's almost like there's a name for that... Lol please point out the straw man. The only relevance of this photo is you trying to grasp at straws because you thought the Inflation Reduction Act reduced inflation and it didnt So as per usual, its been a series of red herrings and deflectiona
September 19, 20232 yr Just now, Mike31mt said: Thats what I thought, loser You cant admit youre wrong, like a toddler. I already conceded to you, I'm definitely wrong, because it was definiitely MY tweet that attempted to claim inflation went up as a result of the act.
September 19, 20232 yr 1 minute ago, we_gotta_believe said: I already conceded to you, I'm definitely wrong, because it was definiitely MY tweet that attempted to claim inflation went up as a result of the act. You refuted that point by saying that the bill did reduce inflation. Thats why you mentioned 8/2022. It didnt and you were wrong. Be a big boy and own your mistake
September 19, 20232 yr Look forward to all the stupid graphics showing the Inflation Reduction Act as one of Bidens "wins" lmao
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