02-22-2023, 02:09 AM
(02-21-2023, 11:22 PM)basballguy Wrote: They don’t have a plan or they don’t have a plan you like? Big difference.
If I head on over to the Houses website I see all sorts of bills that touch inflation.
They’ve been in session for 6 weeks…some of y’all need to chill with the pitchforks
The inflation was caused by all the 10s of $Trillions$ of bailout and PPP loans printed by Trump and the GOP Senate backed by nothing. Every time Jerome Powell tried to raise interest rates Trump was trying to figure out a way to fire him b/c Trump was obsessed with the stock market going up and up and up, removing all the regulations and allowing company stock buybacks. Guess what?? All that leads to inflation if not hyperinflation. Anytime the monetary supply is increased and interest rates are kept low to entice consumer borrowing creating more of a monetary supply, its going to make the buying power of money worth less.
https://www.reuters.com/article/us-usa-trump-fed/trump-says-he-can-fire-feds-powell-its-not-that-simple-idUSKCN1TR1SU
Now we're finding out most of those bailouts and PPP-loans didn't go to the American worker nor the hard-working blue-collar union families, but it went to GOP lobbyists special interest groups, companies such as cruise lineners that are domiciled offshore, and the big injection of $7-Trillion into the stockmarket to protect the investor class. Here's today's GOP for ya, put the screws to the middle-class and make up a term like "wokeism," and blame it all on black and brown folks. HISTORY LESSON- The Nazi's used the same tactics blaming the Jews for the record inflation in Europe 100 years ago.
Then the GOP has the audacity to complain about inflation when they know goddamn well they're the ones who caused it?!?!?! WTF!! And then have the nerve to call themselves conservatives??!?!
https://www.reuters.com/article/us-health-coronavirus-federalreserve-mar/federal-reserves-3-trillion-virus-rescue-inflates-market-bubbles-idUSKCN24E13G
