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If we give Biden 4 more years, will he get inflation under 2%?

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Apr 22, 2024.

If we give Biden 4 more years, will he get inflation under 2%?

Poll closed Apr 29, 2024.
  1. A snowball has a better chance of survival in hell.

    50.0%
  2. No, lol. No.

    11.1%
  3. I wouldn't bet more than a carton of eggs on it.

    5.6%
  4. Depends. Who would be running Biden's economic policy? Who would actually be running the country?

    5.6%
  5. He is incapable of formulating an original thought, so imma go with NO.

    0 vote(s)
    0.0%
  6. All signs point to no.

    5.6%
  7. It is more likely inflation would rise from current levels than fall with 4 more years of Biden.

    22.2%
  1. higator85

    higator85 All American

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    Give it your best shot, but in the meantime please no more stupid polls. Back on ignore you go.
     
  2. wgbgator

    wgbgator Premium Member

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    To really ram home the idea of inflation, by doing thread inflation
     
    • Funny Funny x 6
    • Informative Informative x 1
  3. Orange_and_Bluke

    Orange_and_Bluke Premium Member

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    That was good. lol right there.
     
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  4. VAg8r1

    VAg8r1 GC Hall of Fame

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    And let's not forget Trump's proposal to weaken the dollar as a vehicle to increase exports by making US goods less expensive to similar products produced in other countries. While the strategy may or may not increase exports it will definitely increase inflation.
    This might be Trump’s most inflationary, economically destructive idea yet
    Supply-Siders Must Save Donald Trump From His Dollar-Debasement Dreams
    https://www.politico.com/news/2024/04/15/devaluing-dollar-trump-trade-war-00152009
     
  5. okeechobee

    okeechobee GC Hall of Fame

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    He was bluffing the first time. THIS time, I’m on ignore. Dunno what I’m gonna do…
     
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  6. Contra

    Contra GC Hall of Fame

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    Nuanced answer...it depends on who controls the legislative branch. If Democrats had complete control of the House and the Senate the first two years inflation would increase for sure. Give a socialist a blank check and that is like giving a little kid an unlimited voucher at a candy store. Democrats would indulge and gorge themselves beyond their wildest dreams if they had a blank check to do whatever they wanted. Since they also want to win elections I would expect a scripted point in time where they reel in spending so they can have some plausible deniability when a potential referendum is coming down the pike in 2028.
     
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  7. slayerxing

    slayerxing GC Hall of Fame

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    upload_2024-4-22_15-39-39.jpeg

    you must have attended the Lou Dobbs school of survey design
     
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  8. wgbgator

    wgbgator Premium Member

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    I'm not sure why that matters at all actually. Monetary policy and dealing with inflation is largely the domain of the Federal Reserve. Guarantee Trump wont appoint an inflation hawk to the Fed either unless they want a recession.
     
  9. Contra

    Contra GC Hall of Fame

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    Inflation is not entirely a function of monetary policy. Fiscal policy matters too. If a party has control of several branches they can definitely create a fiscal policy that encourages inflation.

    How Fiscal Policy Drives Inflation
     
    Last edited: Apr 22, 2024
  10. oragator1

    oragator1 Hurricane Hunter Premium Member

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    IMG_0282.png
     
    • Informative Informative x 1
  11. wgbgator

    wgbgator Premium Member

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    We have the same fiscal policy from congress no matter who is in charge, deficit spending. And I would say the Democrats are generally more responsible and given to listening to deficit scolds when doing it.
     
    • Agree Agree x 1
  12. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Ants without the queen can't be blamed for their lack of direction any more than the Dem sheeple can be blamed for eating propaganda pablum swilled by the MSM.
     
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  13. wgbgator

    wgbgator Premium Member

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    7 possible responses to what is a yes or no question

    [​IMG]
     
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  14. VAg8r1

    VAg8r1 GC Hall of Fame

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    Trump appointed Jerome Powell to head the Fed in 2018 and within months the Dear Leader was criticizing his own appointee for not lowering interest rates.
     
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  15. VAg8r1

    VAg8r1 GC Hall of Fame

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    Republicans are only concerned with fiscal responsibility when there is a Democrat in the White House.
     
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  16. okeechobee

    okeechobee GC Hall of Fame

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    To summarize the tally thus far... it's early, we still have many precincts not yet reporting, but here's where we are thus far:

    Yes 0%
    Maybe 9%
    Hell naw 91%
     
  17. Contra

    Contra GC Hall of Fame

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    True. The choices on the ballot are more deficit spending vs. less deficit spending. Less deficit spending = less inflation all other things equal.
     
  18. jeffbrig

    jeffbrig GC Hall of Fame

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    So Biden is responsible for our rampant spending, but if a Republican is in the White House, it's congress that is being irresponsible. Do I have that right?
     
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  19. okeechobee

    okeechobee GC Hall of Fame

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    Agree or disagree: families are suffering in Joe Biden’s America.
     
  20. jeffbrig

    jeffbrig GC Hall of Fame

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    Agree and disagree. Some are suffering, no doubt (no matter who is president). On the other hand, many are better off than they were. I'm fortunate to count myself in the latter group.