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

And who was it that shut down the economies of various states? It was Trump who wanted to keep the country and the economy open. It was the states, particularly Democrat controlled states, that shut their respective states and economies down. Republican controlled states on average opened up 6 months earlier than Democrat controlled states.

Of course that's because they wanted Trump out so they wanted to take his good economy away from him which they did.

But it was Democrats, not Trump, that brought the economy to a screeching halt.

 

Yellen's interview was fine. She correctly pointed out that Trump's tax cut added a lot to the deficit/debt. Your claim that she said Biden's budget has $3 Trillion a year in deficit reduction is false. She did not say that. 3 trillion in deficit reduction in a year would wipe out the deficit in one year. Did you actually watch the interview yourself? Do you actually even read what your write?

 

Just a guess he probably didn't watch Yellen's interview or even read a transcript of the interview but is echoing what he heard or read from a right-wing commentator on Fox News or a similar media outlet.

 

It's really simple. You said Yellen claimed that Biden's budget had 3 trillion in deficit reduction per year. Now you say you might have 'typed' it wrong and that it might be over a longer time period. It is over a longer time period, specifically 10 years, which she clearly states and which you should know had you actually watched your own video. You simply were wrong. Why can't you admit it?

 

And which party was it that all but forced an economic shutdown due to Covid? Which party was it that opened up their economies earlier? When will you all just admit that outside of the elderly, the immunocompromised and others with comorbidities there should have never been a shutdown.

 

Don't be absurd. The shutdown was at least 90% necessary, and the other 10% was an overabundance of caution for a disease we did not fully understand. Covid was a fairly deadly (and extremely contagious) disease when it first came out. Some places, including Milan, Italy, reported a 10% mortality rate for the first few months. The U.S. might not have the same issues that Italy had, but without proper medical care available, we would almost certainly have several percent of the population die without the shutdown. And several cities were pushed to the limit in their ability to treat Covid patients. New York, for a time, had patients dying in ambulances outside of hospitals because there were no beds available in the hospital.

The U.S. did not have as severe or lengthy a shutdown as other high-performing economies did. China, the second largest economy, had a much more severe and lengthy shutdown. Taiwan was locked down tight as a drum for over two years.

And, if you open up the economy for everyone else besides the elderly and other vulnerable people, what makes you think that everyone else will avoid these people religiously and take all necessary precautions? You can be contagious for a couple days or more before you show symptoms, and some are contagious without ever showing symptoms. If we kept the economy open for healthy people, there would be a massive die-off of vulnerable people, with 10-20 million killed within a couple of years, especially as the disease dragged on with new variants, and people got tired of being cautious for grandma.

 

So it sounds like you saying Trump is better on inflation.

These are Trumps proposals for next term:
-10% tariffs on everything
- 60% tariffs on China
- more tax cuts, bigger deficits
- pressure Fed to slash interest rates
- Stop most immigration and deport 10s of millions of workers, decreasing the workforce.

Explain the effects of the above on inflation. I’ll hang up and listen.

 

Completely disagree and there's nothing you can say that will change my mind. The lockdowns were 90% UNNECESSARY! I was one of those people in the vulnerable groups and yet somehow I'm still here. How is that? According to you I should've died.

Life should have gone on as normal for those who were under 60 and did not have any specific conditions. For those 60 and over and with conditions, lockdowns would've been appropriate, including working from home, until the situation was handled. At most I think we would've have a few hundred thousand deaths. Absolutely no where near the 10 - 20 million deaths you predict.

When you include the suicides due to hopelessness, depression and people losing their jobs I actually think we lost more people due to the lockdowns.

 

Maybe you didn't die BECAUSE there were shutdowns . . . DESIGNED TO SAVE YOUR LIFE. Sometimes, the simple answers are the correct ones.

So the shutdown might have saved your life, but you wished you had rolled the dice with the disease and your relatives? Do you also wish you had played Russian Roulette more when you were growing up?

Here is your logic:

Shutdown = I survived. Some other people died.

Therefore, no shutdown = I would have survived. Those same people, and no more, would have died.

All you have is an irrational belief system, and nothing more. The scientific method was invented several centuries ago.

Do you go through everything in your life with a close-minded attitude ("there's nothing you can say that will change my mind")?

 

The Trumppublican party, right?

Didn't they control the WH, and over half the country's governorships?

But despite all this they got bulldogged by President Fauci?

Jeez, these Trumppublicans are worthless and weak, no?

 

Your son died this morning and you’re posting on stupid political threads?

 

That's what her son would have wanted. This is done out of selflessness.

The evils of President Fauci and his Demonrat puppetmasters must be known.

 

Well the fed jacking rates 500 basis points did have some effect..

 

An extra 5 Trillion being dumped into the economy in 18 months did nothing right?

 

In fairness when they said it was transitory they were suggesting it’s would go away with little intervention, the Fed was wrong too, hence their delay in rate hikes. But they finally got the message.

 

P

It replaced lost spend so it wasn’t overly incremental, in fact GDP was still down and it was a point in time. Small impact.

 

We have one of the lowest inflation rates and highest GDP growth rates in the first world. Not sure we can really say the Fed didn’t do it right. I was critical and would have done it differently but their results speak for themselves.