Biden yesterday on inflation, he's screwed. Really screwed in a pickle

[HJCane]

Biden ACTUALLY said that due to covid people aren't going out, not eating in restaurants, movies, etc. instead staying home and buying things. He is so out of touch it's insane.
To successfully fight inflation MONETARY Policy MUST BE TIGHTENED. Slowing monetary policy through higher rates, less demand, less ease of getting loans and earning more in savings accounts to OFFSET the reduced purchasing power.
Democrats think it's smart to pour more money out there, keep monetary policy loose. If that happens the inflation we see now will look like cheap.

Here's the BIG RUB;
If they fight inflation properly and the way it's always been done, then they WILL SLOW THE ECONOMY down which is what happens when you tighten monetary policy. Stock Market party will be over but maybe you will get 2% on a CD in the bank again.

Biden is F'ed.

 

[CaneBandit]

Carter part II but worse

 

[HJCane]

And some economists worry that Powell is already too late to stop a significant further increase in inflation that could demand multiple rate hikes in the coming months, which would raise borrowing costs for consumers and businesses and slow the economy, perhaps significantly.
"At some point, the Fed is going to have to get more aggressive; the question is how much more aggressive," said Diane Swonk, chief economist at Grant Thornton. "Powell and the Fed are walking the tightrope right now. And when you do that it's very easy to fall off."

• FILED UNDER:
• BUSINESS,
• FEDERAL RESERV

 

[central17]

Biden ACTUALLY said that due to covid people aren't going out, not eating in restaurants, movies, etc. instead staying home and buying things. He is so out of touch it's insane.
To successfully fight inflation MONETARY Policy MUST BE TIGHTENED. Slowing monetary policy through higher rates, less demand, less ease of getting loans and earning more in savings accounts to OFFSET the reduced purchasing power.
Democrats think it's smart to pour more money out there, keep monetary policy loose. If that happens the inflation we see now will look like cheap.

Here's the BIG RUB;
If they fight inflation properly and the way it's always been done, then they WILL SLOW THE ECONOMY downno which is what happens when you tighten monetary policy. Stock Market party will be over but maybe you will get 2% on a CD in the bank again.

Biden is F'ed.

Biden and the demi's are not even attempting to look at economic policy. They only say the words such as supply chain, supply and demand, etc. because they are being forced to. The demiconomy is not based upon economic policy. It is based upon basically money laundering. Taking money from productive people to buy votes, support non productive operation's (teachers unions - not teachers) that contribute to campaigns and the entire global warming lobby, to give government all the money and control over peoples lives. It is actually a testament to the ingenuity and hard work of the American people that things are not worse with this clown show in DC.

 

[HJCane]

Biden and the demi's are not even attempting to look at economic policy. They only say the words such as supply chain, supply and demand, etc. because they are being forced to. The demiconomy is not based upon economic policy. It is based upon basically money laundering. Taking money from productive people to buy votes, support non productive operation's (teachers unions - not teachers) that contribute to campaigns and the entire global warming lobby, to give government all the money and control over peoples lives. It is actually a testament to the ingenuity and hard work of the American people that things are not worse with this clown show in DC.

I agree 100% but eventually ECONOMICS kicks in and CONSEQUENCES of these actions kick in.
Example; You give out a bunch of money but prices are higher. Too much $$ out there on the same or less product. The person receiving the money thinks you are wonderful UNTIL they get less for that buck.

 

[dolcane]

I agree 100% but eventually ECONOMICS kicks in and CONSEQUENCES of these actions kick in.
Example; You give out a bunch of money but prices are higher. Too much $$ out there on the same or less product. The person receiving the money thinks you are wonderful UNTIL they get less for that buck.

Money post!

excuse the pun.

 

[KOWBOY88]

The democrats don’t care about the economy the boarder inflation or you and me . They now they are history in 2022 the whole plan was if they could get Biden in the White House was to implement all their left wing ideas of socialism on their way out the door they know that if they can get all their programs started they will never get canceled look at Obama care . They will put all the same wish list in a 1.5 trillion package that was in the 3 trillion package just cut the yrs in half with sunset provisions and date republicans to cancel all their stuff when they come back up for extension the idiots like Romney and murkowski and Collins will keep them alive