02-22-2023, 02:39 AM
(02-22-2023, 02:09 AM)BIGDADDYFROMCINCINNATI Wrote: 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. Guess what?? All that leads to inflation.
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.
Then the GOP has the audacity to complain about inflation?!?!?! WTF!! And then have the nerve to call themselves conservatives??!?!
President Biden is allowing the FED to work independently as it's designed to put in the safeguards to protect us from an overheating economy and its not going to fix itself overnight.
https://www.reuters.com/article/us-health-coronavirus-federalreserve-mar/federal-reserves-3-trillion-virus-rescue-inflates-market-bubbles-idUSKCN24E13G
In the meantime, industries that drive inflation are experiencing record profits. Profits that are being spent on buying back stock. Stock which is then given to company executives in the form of options. Then they up the dividends so that these executives with massive stock options make even more money. All the while, screwing over both their employees and consumers. Out of control greed that makes the rich get richer and more powerful.
As long as they stay in power the MTGs of the MAGA world don’t care that we are heading for an authoritarian government controlled by the oligarchs. America First…yeah right. I just can’t understand the attraction for ordinary people.
Fueled by the pursuit of greatness.
