The Biden Administration and All Things Politics

[Al-O-Meter]

Sounds like you are saying that worldwide there were different approaches tried. Almost as if nations and states or whatever across the world were doing their best to mitigate death and sickness. Stupid Democrats!!!!!!!!!!!!!!!!!!!!!!!!

Issuing $300 B.B.B.Billion dollars for wind farm subsidies? Restoring the SALT deduction to give rich donors in New York and California a tax cut? Universal Pre-K? Do you really believe that is all about doing their best to mitigate death and sickness from coronavirus? Democrats screamed "COVID" and used that excuse to run the printing presses so they could purchase everything they ever wanted. We are now seeing the consequences of that reckless "quantitative easing".

 

[Al-O-Meter]

Seems hypocritical. Why don’t Repubs want to admit that they voted down these spending bills? I mean inflation and stuff, right? Why not brag about how your concerns over inflation meant that you voted against these spending bills?

Name the Republican you speak of and I'll bet I can find a quote from that Republican bragging about how concerns over inflation led them to vote against these spending bills.

 

[fishonjazz]

Issuing $300 B.B.B.Billion dollars for wind farm subsidies? Restoring the SALT deduction to give rich donors in New York and California a tax cut? Universal Pre-K? Do you really believe that is all about doing their best to mitigate death and sickness from coronavirus? Democrats screamed "COVID" and used that excuse to run the printing presses so they could purchase everything they ever wanted. We are now seeing the consequences of that reckless "quantitative easing".

Certainly not everything the government has done has been covid related. That would be stupid to think lol. Just like when there were huge stimulus packages when trump was president there were some things in there not covid related and trumps administration had more than just covid to worry about. Tax cuts for the weathiest americans by trump when the economy was already strong was dumb. Lots of dumb things happen.

I was speaking more to shutdowns and whatnot and how covid measures effect the health of the economy in regards to when i said lots of different approaches were tried. If you want to talk about spending then we could talk about that as well but spending happens with or without covid in every administration. Did you know that our country has had a deficit prior to covid? Crazy right?

 

[Al-O-Meter]

Did you know that our country has had a deficit prior to covid? Crazy right?

I know the country had a deficit but nothing like it is now. If you want crazy, look at the right end of this chart. This is what I'm talking about. A ton of it was done on a party line vote, and it has consequences.

 

[fishonjazz]

I know the country had a deficit but nothing like it is now. If you want crazy, look at the right end of this chart. This is what I'm talking about. A ton of it was done on a party line vote, and it has consequences.

You dont like the spending. Got it. However i was discussing shutdowns and measures taken to reduce the effect on covid and the how that affected the health of the economy.

You know whats crazy? My parents bought a house in the late 70's for less than 40,000 dollars and sold it in the 90's for around 200,000.

 

[Deleted member 365]

Paul Gosar whines about inflation.

Calls Biden’s admin a disaster.

Votes against infrastructure spending bills.



And…


Takes credit for the spending bills and Celebrates them to constituents about how the infrastructure money is “essential.”

Paul Gosar Takes Credit for Covid Funding He Bashed as a 'Democrat Spending Bonanza'

Rep. Paul Gosar (R-Ariz.) on Monday praised and took credit for Covid relief funding he voted against earlier this year.

www.rollingstone.com

This is dangerous and deceptive. The contempt republicans treat the electorate is insane.

 

[Deleted member 365]

You dont like the spending. Got it. However i was discussing shutdowns and measures taken to reduce the effect on covid and the how that affected the health of the economy.

You know whats crazy? My parents bought a house in the late 70's for less than 40,000 dollars and sold it in the 90's for around 200,000.

My wife had a number of clients, large employers here in Utah that desperately needed the spending bills that sustained our economy throughout the pandemic. Without the federal government bailing them out, we would’ve seen the worst depression in utah we’ve ever seen. Seeing companies like Young Living, Vivint, restaurants, and major hospitals either going broke or near broke would’ve had major consequences.

In fact, one nearly did even with the funds. That would’ve left 700 people (well paid jobs) gone from the western part of the valley. Those 700 people unable to pay mortgages and bills would’ve been ****ed. Those who did business with those 700 would’ve been ****ed. The products that they made for hospitals? Who would make them? Would hospitals have shut down without the parts this company made?

We’re all connected in some way.

I’ve always found it interesting those who whine about government spending. They never talk about what they’d give up. It’s always a demand to cut spending for things/people they don’t care about.

I’d always error on the side of caution and increase spending. We can deal with inflation. We can’t deal with huge employers going belly up.

 

[Al-O-Meter]

You know whats crazy? My parents bought a house in the late 70's for less than 40,000 dollars and sold it in the 90's for around 200,000.

Too bad they didn't buy a house for $40k in the the early 70's. They'd have sold it for double that. The same thing that happened then is happening now. Back then the inflation was kicked off by the Great Society spending. It was finally brought under control by Fed Chair Paul Volcker who jacked the interest rate to something crazy like 17%. It put the economy into a deep recession for 2 years but it solved the inflation problem and the economy roared back to life in the late 80's.

What we have to look forward to is stagflation as the Fed jacks the interest rate and the economy goes into recession. The House majority, Senate majority, President occupying Democrats will take the blame for the recession even though it was caused by the Fed. It will go badly for Democrats at the ballot box in 2022 and probably again in 2024. A new Republican will sweep into office and declare it "Morning in America" just in time to take credit for the economic boom.

 

[LogGrad98]

You dont like the spending. Got it. However i was discussing shutdowns and measures taken to reduce the effect on covid and the how that affected the health of the economy.

You know whats crazy? My parents bought a house in the late 70's for less than 40,000 dollars and sold it in the 90's for around 200,000.

My dad paid $8900 for his house and it is now worth about $300k.

 

[JazzGal]

One of the main reasons for the current inflation issues is that you and I are spending like crazy, even though supply is limited.

I would like to know what would have been different had Trump remained president. People talk like Biden has been president for all of COVID, but most of what happened was under Trump's watch. I got more stimulus money from Trump than Biden. Supply would still be low due to COVID (not because of mandates but because of illness). Demand would still be high. Inflation would still be the result.

 

[LogGrad98]

One of the main reasons for the current inflation issues is that you and I are spending like crazy, even though supply is limited.

I would like to know what would have been different had Trump remained president. People talk like Biden has been president for all of COVID, but most of what happened was under Trump's watch. I got more stimulus money from Trump than Biden. Supply would still be low due to COVID (not because of mandates but because of illness). Demand would still be high. Inflation would still be the result.

Voice of reason.


The president has surprisingly little effect on the economy as a whole. In a time like the pandemic he can have more of an influence in the short-term, but still is not that great an influence in the long run. It is driven a lot more right now, by a long shot, by scarcity and supply chain issues and staffing shortages driving wage increases and, as JG said, people still willing to spend at higher prices. The regular economic standards still apply. High demand and low supply = higher prices.

 

[Deleted member 365]

One of the main reasons for the current inflation issues is that you and I are spending like crazy, even though supply is limited.

I would like to know what would have been different had Trump remained president. People talk like Biden has been president for all of COVID, but most of what happened was under Trump's watch. I got more stimulus money from Trump than Biden. Supply would still be low due to COVID (not because of mandates but because of illness). Demand would still be high. Inflation would still be the result.

Good post.

Many parts of the world aren’t even as vaccinated as we are. I can’t imagine what would happen to our economy if we still had sub 50 percent vaccinated and delta ravaging us. Covid has been horrible enough even with vaccines for the past year.