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Economy GOP back to Inflation worries. "Hyperinflation"

Discussion in 'The War Room' started by Oceanmachine, Apr 4, 2021.

  1. Oceanmachine Tidwell belt Banned

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    Eliminate weight cutting. Have Pride rules!



    How predictable


    The GOP is now saying that RISING "rapid Biden induced inflation will destroy us!!!"


    Now advocating for more trickle down economics!!
     
    Last edited: Jun 10, 2021
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  2. Kaiowas Banned Banned

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    Oh look, bowtie is making his serious face, must be a fellow inbred wingnut guest.
     
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  3. badascan Red Belt Platinum Member

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    Everyone is surprised that the cost of mcdonald's seems high and lumber and houses and rent and sports cards and... And... Maybe it's the buying power of the dollar that's changed?
     
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  4. Halifax Red

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    Most conservative Canadians and a lot of Americans I talk to regularly never stopped being worried over the governments printing money to solve problems at a rate never before seen.

    But sure, it's "back to". Lol
    We never stopped worrying about it. We in fact have had multiple threads on it here over the last year.
     
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  5. Jim Eagle Banned Banned

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    Well when you spend out of control in the first 2 months in office and then want 10 trillion more, that leads to, get this, hyper inflation
     
  6. Andrew Stants Brown Belt Platinum Member

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    If Dr. Burry is telling you to be concerned about inflation then you should be concerned about inflation.

    If you’re stupid enough to be such a partisan hack that you’re not willing to at least listen to him then you should neck yourself because we don’t need you.
     
  7. ElKarlo Yellow Card Yellow Card

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    Agreed. I’ve been saying that the deficit should be cut for years. guess now we can spend as much as we want and it doesn’t matter?
     
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  8. Beechwood Brown Belt

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    It isn't just conservatives that are worried over the possibility of run away inflation from the huge amount of government spending. The famous economist Larry Summers a month ago expressed fears that high inflation was coming due to all the government "stimulus" A recent write up about Summer's inflation worries can be read here ~

    Larry Summers is just getting more 'worried' about inflation

    https://www.businessinsider.com/lar...nfrastructure-federal-reserve-recovery-2021-3


    The other day commentator Pier Morgan, who appears to lean to the left on many topics, expressed concerns about inflation.

    PIERS MORGAN: President Biden's $2.3 trillion infrastructure plan is a reckless tax-hiking green gamble that could kill off America's post-covid economic boom

    https://www.dailymail.co.uk/news/ar...tructure-plan-reckless-tax-hiking-gamble.html
     
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  9. Oceanmachine Tidwell belt Banned

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    Eliminate weight cutting. Have Pride rules!
    These are neoliberals the same types who would support European austerity
     
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  10. White Whale Brown Belt

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    Many people are worried about the debt the stimulus bills are bringing. Thomas Massie last year wanted a recorded vote.
     
    Last edited: Apr 5, 2021
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  11. ElKarlo Yellow Card Yellow Card

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    Kinda but no. The EU is a mess and a monster that I don’t support at all. So it’s hard to put me in that position that I support anything that the EU technocrats push
     
  12. Jamesmmako Banned Banned

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    Nobody ever questions the Federal Reserve which controls your country. You had one president who tried to free the United States from its grip, which ended up costing him his life.
     
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  13. woodguyatl Black Belt

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    The Republicans as a while so not care even a little bit about the deficit. Their actions make this clear.
     
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  14. Headkicktoleg Banned Banned

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    Yup. I was bitching about printing money even at the first covid stimulus. That one cost every man woman and child in the US $26k
     
  15. andnowweknow I heard Trump lost

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    Loving the debt fighters claiming they never stopped caring about spending...clearly bullshit because without fail these same Republicans elected candidates who they knew would balloon the debt.

    Here's the reality. Democrats are for the most part fine with spending. Republicans don't really give a shit about spending (or anything else really) if it's their party doing it in pursuit of "the good old days"...

    Psyched for infrastructure...get it President Joe!
     
  16. cincymma79 Gold Belt

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    Well it is coming, but that didn't stop trump from adding to the deficit before covid. The ten trillion more suggested is f****** insane. Mostly because it's not like they're going to stop after that. The Japanese tried this and look at their economy.
    https://www.bloomberg.com/features/2020-japan-lost-generation/
     
  17. Renard Red Belt

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    Most western countries have taken a hit this year due to currency printing, it's not a special snowflake US problem. At the end of the day you can't just let people be without money otherwise you start a negative feedback loop where people get laid off for pandemic reasons and they stop purchasing anything non-essential, companies close down and lay off their employees due to poor sales, said employees no longer have any purchasing power either, and so on. Obviously it's a humanitarian / social issue as well. In a perfect world there would be no money printing like this, but it's a pandemic - you're not going to come out the other side without some sort of loss. Literally all you can do is loss-mitigation.
     
  18. ElKarlo Yellow Card Yellow Card

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    Yep. You can’t just throw money at the wall and raise the debt to a crazy level

    It also caused zombie companies that made it hard for the Japanese economy to go anywhere for decades.
    Following up a bad idea with an even worse idea isn’t how you fix things
     
  19. cincymma79 Gold Belt

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    No that's impossible and you're racist for saying it
     
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  20. ElKarlo Yellow Card Yellow Card

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