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Inflation is Transitory! Inflation is Transitory! Inflation is Transitory!

Discussion in 'Too Hot for Swamp Gas' started by ETGator1, Jun 21, 2024.

  1. ETGator1

    ETGator1 GC Hall of Fame

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    The O'Biden Administration is full of incompetent liars. Janet Yellen being interviewed on Fox Business by Neil Cavuto who I can't stand because he is too center left for me:

    Treasury Secretary Yellen pressed on Biden's inflation claims when he took office (youtube.com)

    "Inflation is Transitory" Janet Yellen who contributed to the Fed Reserve delaying its fight on inflation for 6 months:

    The interest on the national debt is normal. Me: If you count the debt interest at these levels and growing annually to be the largest item in the budget and which are higher than they have been since WWII as normal, she is correct.

    Finally at close to the end of O'Biden's term, Yellen admits deficits are a problem. Lefties here no longer share the same views with the Secretary of the Treasury in the Ly'n O'Biden Administration.

    Solution: Yellen blames the 2018 Tax Cut and Job Act as the culprit, not fiscal spending like a drunken sailor on Saturday night shore leave, for not having enough revenue to fund all of the wasteful spending the O'Biden Administration has done and is wanting to do.

    Should O'Biden win term 2, the tax provisions of the 2018 Tax Cut and Job Act will be allowed to expire. When pressed on Ly'n O'Biden's promise to not raise taxes on earners making $400,000 or less, Yellen says they are going to keep the taxes on these earners the same. She knows she is lying and goes on a center left host's show because Cavuto didn't call her out on the lie although he did on other things in the interview.

    Bottom line, when the Act expires, taxpayers at all levels will experience increased taxes on top of the inflation is transitory created by the O'Biden Administration.

    Yellen says O'Biden's budget has $3 Trillion a year in deficit reduction. Kudos to Cavuto for calling her out on the spending. It is $3 Trillion off the rate of increase in the deficit and the CBO estimates a $50 Trillion deficit in 10 years. If Ly'n O'Biden wins, the US under his leadership will attempt to get there sooner than that, can't finish destroying the country fast enough.

    My view is the dollar and the US economy will crash and burn long before the US gets to $50 Trillion in debt. You folks voting for O'Biden will be just as at fault as the fool in the White House.

    On the video above, I assure you it is an unedited release by Fox Business News which accurately reflects Janet Yellen and the Ly'n O'Biden Administration. It's short, but powerful on content.
     
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  2. gaterzfan

    gaterzfan GC Hall of Fame

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    It’s just the “same old song and dance”. Personally, I’m hoping he have “higher longer” as far as interest rates are concerned.
     
  3. G8tas

    G8tas GC Hall of Fame

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    OP please tell us who can fix it
     
  4. VAg8r1

    VAg8r1 GC Hall of Fame

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    Maybe it's just me but it doesn't seem like inflation is remotely permanent.
    upload_2024-6-21_11-3-55.png
     
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  5. WarDamnGator

    WarDamnGator GC Hall of Fame

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    The OP is proving here that he doesn't know what transitory means, I bet Convict Trump doesn't know what it means, either.
     
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  6. gatorjo

    gatorjo GC Hall of Fame

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    Your shrill screchings are very different from what the experts say would happen if your traitor is reelected.




    The smart money is preparing for Trumpflation

    The upside risks to inflation appear larger under a Republican sweep,” Goldman advised. In addition to higher tariffs and more Fed-bashing under Trump, the investment bank points out that a Trump crackdown on immigration could trim the labor force, worsen labor shortages in some industries, fuel higher wages, and push prices up.

    Another recent analysis by Moody’s Analytics reaches similar conclusions about the economy during a second Trump term. “The policies adopted under the Republican Sweep scenario result in higher inflation and weaker economic growth,” Moody’s Analytics found. That’s largely because new import tariffs and less immigration under Trump would force prices up and drag on growth.

    In a May analysis, Oxford Economics found that new tariffs and other Trump policies could push the inflation rate a full percentage point higher than it would be without those efforts. Inflationary Trump policies could also compel the Fed to hold off lowering interest rates and maybe even raise rates further to head off new inflationary pressures.


    The smart money is preparing for Trumpflation
     
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  7. sierragator

    sierragator GC Hall of Fame

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    Only the orange god can save us now.
     
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  8. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Wait... you haven't had enough of crappy pant's policies by now? It's time for a change and that much is true. Biden had his time and showed just how much he can "freak things up," and he has...
     
    Last edited: Jun 21, 2024
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  9. sierragator

    sierragator GC Hall of Fame

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    Yes it will all magically disappear the moment the orange god is sworn in.
     
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  10. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    I was alive the last time he was POTUS, and he did just fine then, so... yeah. He might even wave his magic wand and create hundreds of thousands of new manufacturing jobs while he's at it. ;)

    But to expect the inflation, caused by over spending, to suddenly disappear is dumb/unrealistic, and inflation will not be blamed on Trump when he takes office. We know Bidenomics is the cause of it.
     
    Last edited: Jun 21, 2024
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  11. citygator

    citygator VIP Member

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    Charlotte
    Here is Fox News assessment of the economy.

     
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  12. citygator

    citygator VIP Member

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    Charlotte
    Overspending isn’t the cause of inflation. Thanks for playing.
     
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  13. obgator

    obgator GC Hall of Fame

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    Anything that starts with trans triggers the OP and his ilk.
     
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  14. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Notice how she left out the most important aspect, the soul-crushing part of bidenomics?

    INFLATION.
    .. kills all those so called gaines in home value and other slight increases... END OF STORY.


    Insurance costs are going thought the roof too. Gas food everything is more expensive, so that cut's all those gains that she mentioned into a deficit overall situation.

    Tell us who is buying these new homes... and who's making them? What's the fixed 30 mortgage rate right now?
     
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  15. philnotfil

    philnotfil GC Hall of Fame

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    Hey now, if inflation was transitory we would see it go up and then back down. Your little chart shows it ... going up and then back down. Hmmm, kind of like a big chunk of it was transitory. Weird. That doesn't support the claims in the OP, so the chart must be wrong. Or something.
     
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  16. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Deficit spending in the trillions of dollars, and wasting good money on endless wars... is never good for an economy. Add wasting money on giveaways to illegal invaders and you can suffocate economic growth.

    Biden shut the world economy down with his draconian policies to kill jobs and people.

    You can read some Liberal BS fluff posts about "how well our economy is doing," but that LIE does NOT change the reality.
     
    Last edited: Jun 25, 2024 at 6:23 AM
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  17. G8tas

    G8tas GC Hall of Fame

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    What policy will Trump implement to bring prices back to 2019 levels?
     
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  18. VAg8r1

    VAg8r1 GC Hall of Fame

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    Conservatives compared (incorrectly) the inflation of 2022 with the stagflation of the 1970s. If Trump is elected we will actually see the stagflation of the '70s. Between Trump's tariffs, his proposal to weaken the dollar to make US exports more competitive and imports more costly and his pressure on the Fed and/or replacing the Fed chair with a chairman more likely to lower interests regardless of the state of economy prices will skyrocket if Trump is elected and if you thought that food price inflation was a problem a couple of years ago wait to see what happens to the cost of food when he deports and/or limits the immigration of the workers who harvest crops and/or work at food processing plants.
     
  19. ETGator1

    ETGator1 GC Hall of Fame

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    didn't read post 1 or watch yellen's interview. shows how easy it is to accept lies while blocking truth.
     
  20. sierragator

    sierragator GC Hall of Fame

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    More to dealing with inflation than simply having his fat orange ass in that swivel chair in the oval office.