November 13, 20241 yr 26 minutes ago, Paul852 said: He already told you. Biden's spending. Government spending. The US was not the only country with surplus spending. And the dollar did well relative to other currencies because of other factors like flight to safety and exchange flows for trade and debt.
November 13, 20241 yr 28 minutes ago, Bill said: My contention with CARES is that it contained a lot of pork. Like a lot. My initial thought process would be to just provide stimulus to the consumers, who would then bolster industry through their purchasing, but a lot of the CARES just went overboard. Like for example they earmarked a significant stimulus for the Christmas tree industry. The problem was that prior to CARES Christmas tree sales had been improving, and they continued to do so during COVID. (People are at home more, so yeah they’re going to put up that nice Douglas Fir because what else is there to do.) And like F, it’s not like a lack of labor is going to hamper them. You Fn just use seasonal labor plant a tree and then a few years later you use seasonal labor to cut it down. And that’s just one example of tons where industries got bailouts they didn’t need No matter who did what, when you have $4.1T hitting the market, the consumer is gonna have a bad time. It’s one of the reasons I can’t stand Trump. At best he’s a 90s Democrat, at worst a mob of rubes are storming the capital. I expect Dems to be stupid with spending. I expect more of Republicans. EDIT: and tbh I’m not even sure how much stimulus money even needed to be doled out to the consumer, given the amount of UE and PPP, not to mention the moratorium on rent and student loan payments. Yeah, I don’t argue that money could have been spent better by either government. It’s a bunch of politicians throwing around political payouts. The issue though was that it was as much for financial markets as it was for the consumer. They needed stability to prevent a runaway chain of bankruptcies and financial system implosion. Speed was very important for the first round of stimulus.
November 13, 20241 yr 5 minutes ago, TEW said: Yeah, I don’t argue that money could have been spent better by either government. It’s a bunch of politicians throwing around political payouts. The issue though was that it was as much for financial markets as it was for the consumer. They needed stability to prevent a runaway chain of bankruptcies and financial system implosion. Speed was very important for the first round of stimulus. I mean with certain industries like airlines, yeah. They stop paying on their leases and it’s a cascading effect. The issue is that it went from a la carte to a buffet, and Trump was too much of an imbecile to do anything about it.
November 13, 20241 yr 33 minutes ago, Bill said: I mean with certain industries like airlines, yeah. They stop paying on their leases and it’s a cascading effect. The issue is that it went from a la carte to a buffet, and Trump was too much of an imbecile to do anything about it. The COVID crash was on the 20th of Feb, the CARES Act was passed March 27th. That’s one month to allocate 2 trillion dollars, get both houses to agree, and sign it into law. It was never going to be some kind of precision stimulus. This was a matter of getting it done as quickly as possible to avert a complete meltdown. It is what it is and no president would have done any better under the circumstance.
November 13, 20241 yr 5 minutes ago, TEW said: The COVID crash was on the 20th of Feb, the CARES Act was passed March 27th. That’s one month to allocate 2 trillion dollars, get both houses to agree, and sign it into law. It was never going to be some kind of precision stimulus. This was a matter of getting it done as quickly as possible to avert a complete meltdown. It is what it is and no president would have done any better under the circumstance. IIRC there was another round of corporate stimmies that went through in the fall.
November 13, 20241 yr 24 minutes ago, Diehardfan said: The changes coming are going to be massive Perfect analogy. I assume you’ve seen the movie.
November 13, 20241 yr 6 minutes ago, Dave Moss said: Perfect analogy. I assume you’ve seen the movie. Who hasn't
November 13, 20241 yr 2 minutes ago, Diehardfan said: Who hasn't Then you know the consultants are bumbling fools.
November 13, 20241 yr 7 hours ago, rambo said: Here you go @vikas83 . Dig in. It's worse than I thought. 🤣 I mean, I took an edible a while ago and this still doesn’t make sense to me. Figured being stoned might help, but nope.
November 13, 20241 yr 6 minutes ago, vikas83 said: I mean, I took an edible a while ago and this still doesn’t make sense to me. Figured being stoned might help, but nope. Othercon
November 13, 20241 yr Fictionkin (formerly called 'otakukin'[1][2][3] or 'mediakin'[2][4]) are those who identify as something that is considered fictional, typically (a) fictional character(s) or species.[2][3][4][5][6] Characters may not always be directly mentioned in the canon of their source material; for example, one may identify as an original character (also known as an OC), a background character, a non-canon character, or occasionally even a glitch. Fictionkin identify as a fictional character or species, rather than with them, and see themselves as actually being them on some level. This belief is involuntary, long-term, and intrinsic to one's selfhood.[3][5]
November 13, 20241 yr 9 hours ago, we_gotta_believe said: Speaking of middle school rumors, I think that's when I heard about people putting gerbils up their asses. Wasn't it Robert Redford that was the first to do it according to the story? Richard Gere
November 13, 20241 yr 7 hours ago, TEW said: It was MIT that did the study I linked which pointed to Biden’s spending as the driver of inflation. Take it up with them. I'm sure it was A driver of inflation. Given that inflation plagued every economy after Covid it's stupid to argue it was THE inflation, unless you're being a partisan hack.
November 13, 20241 yr Inflation rate for US in 2022 was 8%. Germany's Covid stimulus was about 25% more relative to GDP than ours, but their 2022 inflation rate was 6.9% The UK's stimulus was about 30% less than ours yet their inflation rate was about the same at 7.9% Japan's stimulus was nearly double ours but their inflation stayed relatively low at 2.5%. In the case of Japan it's worth noting their inflation prior to Covid was incredibly low, deflationary at times in the years before. So 2.5% still represents a quite high rate historically but still low by global standards.
November 13, 20241 yr 7 hours ago, Dave Moss said: Then you know the consultants are bumbling fools. Exactly - your point?
November 13, 20241 yr 27 minutes ago, sameaglesfan said: Exactly - your point? Die Hard seems excited about it.
November 13, 20241 yr 2 hours ago, JohnSnowsHair said: I'm sure it was A driver of inflation. Given that inflation plagued every economy after Covid it's stupid to argue it was THE inflation, unless you're being a partisan hack. Far too dismissive when all the major economies make the same types of moves Biden did
November 13, 20241 yr 25 minutes ago, ToastJenkins said: Far too dismissive when all the major economies make the same types of moves Biden did The point is that both rounds of stimulus were contributors, along with the accelerated spending that followed a period of "involuntary saving" from fewer vacations and big purchases in 2020.
November 13, 20241 yr Thank you CNN, I can go about my day now. ( @Arthur Jackson, I'll save you some time, it's NOT fapping)
November 13, 20241 yr Trump wants reparations for white people. I bet @DrPhilly is excited about this.
November 13, 20241 yr 3 minutes ago, Dave Moss said: Trump wants reparations for white people. I bet @DrPhilly is excited about this. It's about time!
November 13, 20241 yr 16 hours ago, toolg said: Well I, for one, hope Trump gets exactly what he wants. All of it. Elections have consequences. Ditto!
November 13, 20241 yr 11 hours ago, TEW said: Likewise, government spending. If you read the study it went back to the 1960’s and was designed to explain inflation in general, not just COVID. So your hero Putin is a liberal who went on a spending spree too?
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