Not really but kind of. (See @Red answering questions isn't hard)CNN is no different than Fox. Both have decent points when they are talking about themselves but neither are fully honest. They are partisan entertainment channels not news.
Which doesn't disagree with my point that the American economy will adjust and they will be rectified, so I'm glad we agree this is nothing to worry about.
But... nobody is going back to work. They are getting paid to do nothing. You all just FORCED ANOTHER 3.5 trillion dollar spending package through. Flooding the market with money yet there's nobody make the increase in demand. Thus... inflation.
www.politico.com
Meaning this is a short-term issue.
By that logic, using the figures in your link, there are about 19 million people that turned down a job, despite the current total of unemployed people being well under 10 million. Interesting math you have there.
I wouldn't declare victory yet. It isn't the pandemic. It's the spending, and we've never seen the level of spending they just cranked out. The Great Society spending during the LBJ administration was the closest in recent history and that wasn't even half of what just went through. That Great Society spending caused housing prices to double in 10 years and spiraled the economy into 70's stagflation. To stop it Paul Volker raised the Fed funds rate to 22%. It took over 10 years to fix. We're only ~4 months in to this.
Wow, that seems simplistic.
listwithclever.com
Yeah, but your game, in a nutshell, makes it a waste of time:
None of them and all of them. It wasn't the result of the programs themselves. It was the aggregate price tag so far above the level of tax revenue.
Here is the graph you refer to in your linked piece with the 10 year period pointed out. The meat of the spending really started in 1968-1969. By 1980 Volker had broken the spiral. Notice the blue housing price curve between '68/'69 and '78/79. Now look at the red income curve during the same period. That is why I hope everyone owns their house because this is in the pipeline but on steroids.
Fair warning... I'm not reading your post until you back up your bold faced lie, AGAIN, that Trump incited riots. Others may let you lie and lie and lie but not me. Answer the question. Provide quotes where Trump told his supporters to storm the Capitol or be violent at the Capitol.
If I were to ask you to look at how the federal deficit changed over the period of, say, 1960 to 1990, do you think you'd see a big jump in 1965 (the actual start of the Great Society programs) and following, or in years following the programs being cut back, dismantled, or re-routed? I looked it up, but I wanted to check to see if you had.
I think narrowing this down to a ten-year window is a great way to hide the overall trends.Here is the graph you refer to in your linked piece with the 10 year period pointed out. The meat of the spending really started in 1968-1969. By 1980 Volker had broken the spiral. Notice the blue housing price curve between '68/'69 and '78/79. Now look at the red income curve during the same period. That is why I hope everyone owns their house because this is in the pipeline but on steroids.
In both cases the rise in prices is caused by expansion of the money supply. With the way the fractional reserve system works, a creation of a single dollar of US government debt if that debt is purchased domestically, lead to an expansion of the money supply by $11. You can avoid that if selling the debt off to foreign countries like Japan and China, but the Great Society debt was primarily absorbed domestically.
Since you would not acknowledge any sort of quote as inciting the riot, this is a tautology.
What a cowardly answer.
Not at all. Tell you what: You offer three statements of a type you would see as supporting the riot, and if they are realistic enough that Trump might have said them, I'll go take a look.
