Recession

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woodchip
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Recession

Post by woodchip »

I'm wondering how many of you bought into the the liberal press's attempt to cover for your hero feckless leaders rush to ruining the country's economy as we officially enter a recession. No matter how they spin it , we are in a recession.
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vision
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Re: Recession

Post by vision »

woodchip wrote: Sat Jul 30, 2022 9:05 am...your hero...
:?
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Tunnelcat
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Re: Recession

Post by Tunnelcat »

How in the hell are the Dems responsible for a recession? The only government contribution to the start of any inflation was all those Covid stimulus checks that were given to people to help pay for food and rent when they lost their jobs and/or businesses during the pandemic. Remember, a huge chunk of that was doled out during Trump's reign BY THE WAY. Heaven forbid that people lose their homes or starve while Trump is in office. :roll:

https://nypost.com/2020/12/27/trump-sig ... us-checks/

I will grant you that Biden hasn't responded aggressively to the current inflation, but frankly, I'm not sure WHAT he can do at this point. Sure, as he keeps pressing with his Climate Agenda, government debt will only increase. But if you're currently baking in the heat like I am or drowning in big floods like others are, it might be money well spent just for our salvation. By the way, Biden's already released reserve oil into the markets, which has been dropping prices, albeit slowly. The Feds have been doing what they CAN do, raising rates, but as we've seen in the past, that's probably only a panacea and not really a cure. Maybe Biden needs to go down and kick some oil company butt and tell them to get off their now very rich pig asses and ramp up refining capacity by using some of that ill gotten profit they've been sucking out of our wallets to increase refining capacity, because the lack of that is one of the reasons our gas prices are so high, not the lack of actual crude oil supplies. Geez, oil prices driving inflation all over again, how quaint and predictable. History repeats itself because no one, especially conservatives, want to change the status quo and at least attempt to wean ourselves off of our dependence on oil and work to solve our country's energy and climate problem permanently.

Also remember, most of those Covid stimulus payments have ended and now the current inflation is mostly our own damn fault. The pandemic subsided, people went crazy after months of being cooped up and charged out on a wild spree of driving, traveling and spending like no other. In the meantime, shuttered factories, shipping companies and the airlines couldn't respond fast enough to meet the high demand after the pandemic, so everything was in short supply. And corporations, looking for cheap wages, moved a LOT of production overseas, which also was a glaring weak point in our economy waiting to break, which it did spectacularly. At the same time, Trump's favorite despot asswipe Putin invaded a sovereign country, Ukraine, indiscriminately bombed women and children and destroyed their homes, all to assuage his short man ego and in doing so, screws up the entire world's oil and commodity markets. ONE ★■◆●ing MAN did all that! Maybe Biden ought to nuke Moscow, kill off that ★■◆●ing Putin and all his cronies and solve the Ukraine crisis and world oil problem in one fell swoop? You up for that solution? :P
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Top Gun
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Re: Recession

Post by Top Gun »

I love how woody is dumb enough to think that any president's actions have an appreciable effect on global economic cycles.
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Tunnelcat
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Re: Recession

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He's hoping for a Trump win and a return to Reaganomic policies to fix the problem. Uh huh. Thing is, it won't work in today's economic climate. Republicans have been cutting people's taxes for years, so they've already kicked that dog to death. What's left is to cut government spending and I'm betting no senior in this country would be happy with cuts to Social Security or Medicare, which is the Republican's usual favorite pet target anymore that would be political suicide to even touch. And drill baby drill won't work as long as our swimming in huge profits oil companies don't invest in more refineries just to make more gasoline, diesel and other products.

https://www.thebalance.com/reaganomics- ... ay-3305569
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Ferno
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Re: Recession

Post by Ferno »

woodchip wrote: Sat Jul 30, 2022 9:05 am I'm wondering how many of you bought into the the liberal press's attempt to cover for your hero feckless leaders rush to ruining the country's economy as we officially enter a recession. No matter how they spin it , we are in a recession.
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Top Gun
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Re: Recession

Post by Top Gun »

Don't forget the truck nuts!
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Ferno
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Re: Recession

Post by Ferno »

The bigger the nuts, the smoother the brain.
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Tunnelcat
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Re: Recession

Post by Tunnelcat »

Problem is, these morons vote.
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