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Orange Blooded [4025]
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I thought Biden fixed inflation
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Apr 10, 2024, 7:22 PM
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Guess it’s all trump’s fault that it’s going up again and that the fed isn’t going to be able to cut interest rates?
Zero ownership and a bunch of big empty excuses
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Orange Blooded [4021]
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Re: I thought Biden fixed inflation
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Apr 10, 2024, 7:37 PM
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What caused the inflation and how would you fix it? You don't know, do you?
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Orange Blooded [4025]
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Re: I thought Biden fixed inflation
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Apr 10, 2024, 7:59 PM
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It’s not rocket science bud.
Same story over and over.
Increasing the money supply while restricting industry and then pretending for 3 years that its “economic growth”
The way to fix it is by voting for people that understand you cannot print your way to a prosperous economy, and that true economic growth is driven by free enterprise and small businesses.
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Orange Blooded [4021]
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Re: I thought Biden fixed inflation
Apr 10, 2024, 8:13 PM
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How did he increase money supply and restrict industry?
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110%er [7163]
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Re: I thought Biden fixed inflation
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Apr 10, 2024, 8:39 PM
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The overall growth in money supply has exceeded growth in GDP over the past 3 years since Sniffer got into the WH. That’s how you get inflation.
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Hall of Famer [24830]
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Or simply... spending more than you make.***
Apr 10, 2024, 9:47 PM
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Orange Blooded [4021]
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All-In [47783]
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Lutz
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Apr 11, 2024, 8:53 AM
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Even YOU are calling him Brandon now.
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Hall of Famer [24830]
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Dementia is contagious...?***
Apr 11, 2024, 9:10 AM
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Orange Blooded [4021]
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Re: Lutz
Apr 11, 2024, 12:05 PM
[ in reply to Lutz ] |
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I've been calling him Brandon/Sleepy for a couple of years now. Keep up.
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All-In [26519]
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Orange Blooded [2092]
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Re: I thought Biden fixed inflation
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Apr 10, 2024, 8:08 PM
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Biden didn't cause it or fix it. This recent bout of inflation was from supply chain snarls that arose during the pandemic. We know this because all countries had inflation, including countries that didn't do economic stimulus like the US.
In any event, strip out owner-equivalent rents, and we're at 2%....MY GOD, the HYPERINFLATION!!!!
https://twitter.com/arindube/status/1778029763250041253
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110%er [7163]
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Unpopularity of Bidenomics is not a messaging problem
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Apr 10, 2024, 8:50 PM
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The stock market has done well because the US economy was doused in economic stimulus (printed money and easy credit). This makes Biden popular with the minority of people who have enough money to afford to risk a chunk of that money in the stock market.
Unfortunately, this mountain of stimulus for the economy has caused inflation; GDP growt has not kept up with growth in the money supply.
As for the CPI, there are always … ah er cough cough … ‘modifications’ to the way that CPI gets calculated and to the variables which are included in the CPI calculations. OBiden Handlers Admin has ‘gotten lucky’ in that the cost of capital has been excluded from the recent CPI calculations.
At the end of the day, it isn’t the ‘messaging’ that is hurting the view of how Americans overall view the economy. It’s that the Bidenonomics hasn’t been good for a majority of Americans.
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Orange Blooded [2092]
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Inflation happened all over the world....
Apr 10, 2024, 8:56 PM
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including in countries with very little stimulus during the pandemic.
And inflation is the US is way down from its peak already.
You guys are desparately trying to find a way to slam the economy under Biden, but it's been an economy with strong growth, strong job growth, strong wage growth, and a good stock market. You won't like it, because it occured under a Democrat, so you have to find a way to slam it. But deep down, you know it's true.
If we had this exact economy under Trump, you'd be talking it up, as if it were great.
As for the CPI, yeah, keep pretending the numbers are all cooked. It's a right-wing tradition.
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CU Guru [1380]
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Re: Inflation happened all over the world....
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Apr 11, 2024, 5:23 AM
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Smitty you can say whatever you want. I live in the real world and work with real people. They all say the same thing, every necessity is unaffordable and they are barely getting by. It wasn’t like this before Biden. Sure it’s not his fault but he hasn’t fixed it. Your graphs and statistics are bs. Everything costs more and for the average American the wages haven’t increased enough to make up for the rise in cost.
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Orange Blooded [4021]
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Hall of Famer [24830]
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But you don't follow it up with two more massive stimulus bills...***
Apr 11, 2024, 9:12 AM
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All-In [31935]
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"every necessity is unaffordable and they are barely getting by"....
Apr 11, 2024, 12:13 PM
[ in reply to Re: Inflation happened all over the world.... ] |
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really?
Are you barely getting by? Are there folks on this board barely getting by?
No doubt prices have increased on a lot of everyday items over the last few years, but if someone is barely getting by right now, then it's likely not just because of inflation!
In many (probably most) places in this country, there has never been a better time to move up in your job than there is right now. If you want to work right now, you can and make decent money doing it...period.
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Hall of Famer [24830]
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Now, about the retired, those 'pushed out' during Covid, those that had their
Apr 11, 2024, 12:21 PM
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retirement benefits stripped away... you know, those basic waged Boomers.
By the way, other than being 'semi'-retired, this doesn't apply to me. I've been self-employed for over 35 years. I'm fine.
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Orange Blooded [2092]
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Bull-dookey...
Apr 11, 2024, 7:38 PM
[ in reply to Re: Inflation happened all over the world.... ] |
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Wages have kept up with inflation, and in fact most people are doing well. What you're describing is complete BS.
Consumer surveys show they're doing well. People will say "the economy is doing badly, but I'm OK."
And most of the negative view on the economy is coming from Republicans, who when asked about the economy will of course be negative if a Dem is in office, regardless of the actual conditions.
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Hall of Famer [24830]
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Yea, all those Pub small business owners (at least the ones that didn't fold).
Apr 11, 2024, 11:16 PM
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Wages HAVEN'T "kept up with inflation". That's total BS.
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Orange Blooded [2092]
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You desparately wish that were so....
Apr 12, 2024, 9:36 AM
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But talk to the graph. The numbers show that wages have kept up and in fact surpassed the inflation.
I can show it, graph it, explain it. But getting you to admit it isn't possible, because you hate Democrats.
https://twitter.com/arindube/status/1755568054501609646
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Orange Blooded [4025]
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Yeah sure, take food, gas, and rent out of the measure!
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Apr 10, 2024, 9:08 PM
[ in reply to Re: I thought Biden fixed inflation ] |
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And inflation doesn’t look so bad
What else is left after that?
You guys are smoking freaking dope
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Hall of Famer [24830]
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CPI...Completely Propagandized Info.***
Apr 11, 2024, 11:19 PM
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Hall of Famer [22399]
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Full employment.***
Apr 10, 2024, 8:44 PM
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110%er [7163]
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Re: Full employment.***
Apr 10, 2024, 8:55 PM
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Part time jobs for ‘native’ Americans, ‘under-employed’ full ime jobs, and big jobs growth for foreign workers (e.g., legal entry foreigners) represents the ‘great jobs’ numbers about which the OBiden Handlers Admin has been bragging.
The smart Democrat operatives are begging the OBiden Handlers Admin to stop talking about Bidenomics. ‘Smart’ is the operative word.
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Hall of Famer [22399]
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False.
Apr 10, 2024, 8:59 PM
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Nonsense.
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Hall of Famer [24830]
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Not.***
Apr 11, 2024, 9:12 AM
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Orange Blooded [2092]
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Orange Blooded [4025]
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Thats funny
Apr 10, 2024, 9:16 PM
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I thought it was driven by the mass exit of minimum wage workforce from the labor market that now find it more profitable and enjoyable to sit at home and collect their checks
I’m sure Professor dip wad can whip up a chart for that!
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CU Guru [1073]
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Re: Thats funny
Apr 10, 2024, 9:41 PM
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I thought it was driven by the mass exit of minimum wage workforce from the labor market that now find it more profitable and enjoyable to sit at home and collect their checks
I’m sure Professor dip wad can whip up a chart for that!
Do not confuse the Bumble Bee lover with rational thoughts
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Hall of Famer [24830]
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You just posted something that completely refutes your claims, genius.
Apr 11, 2024, 11:25 PM
[ in reply to Wrong. ] |
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2.8 % wage growth over 4 years doesn't cover the ~35% inflation that's occurred.
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Orange Blooded [2092]
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ROTFLMAO. You just proved you don't understand basic economic terms....
Apr 12, 2024, 9:39 AM
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It's not surprising, since you're a Red Hat.
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Hall of Famer [24830]
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Well explain it to me, genius... This should be good.***
Apr 12, 2024, 12:59 PM
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Orange Blooded [2092]
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It's called "real wage growth"....
Apr 13, 2024, 11:59 PM
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This by definition is outpacing inflation if real wage growth is positive.
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All-In [31935]
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Well, that's not true....
Apr 10, 2024, 9:44 PM
[ in reply to Re: Full employment.*** ] |
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We are essentially close to full employment...try to hire someone right now.
Wage pressure is playing a measurable role in inflation.
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Orange Blooded [4025]
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Both are true
Apr 10, 2024, 11:43 PM
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No doubt the labor market is tight.
Work force participation was 67% in 2000.
Today it’s 62.5%
That’s basically 4.5% of the population that just said they don’t want to work anymore.
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Head Coach [792]
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Re: Both are true
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Apr 11, 2024, 12:44 AM
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“X% of the population that just said they don’t want to work anymore.”
You are making up things which simply weakens your arguments.
Maybe you could comfort yourself by reading up on trickle down economics.
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Hall of Famer [24830]
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That's "tinkle on" economics... Has been since ~'80.***
Apr 11, 2024, 9:15 AM
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Orange Blooded [4025]
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Hey, it wouldn't surprise me if the Department of Labor
Apr 13, 2024, 11:46 PM
[ in reply to Re: Both are true ] |
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And the bureau of labor statistics made those numbers up
But they are the ones that published them, so dont ##### at me about it
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All-In [31935]
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Agree on participation rate...
Apr 11, 2024, 12:20 PM
[ in reply to Both are true ] |
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but that doesn't prove either claim made above.
And the participation rate has been on a decline since the late 90's. It's been on the upswing post-covid, but hasn't returned to the pre-covid level yet.
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Hall of Famer [24830]
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Again... the Boomer element.***
Apr 11, 2024, 12:22 PM
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Orange Blooded [2092]
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That's aging & retirement, sherlock....
Apr 12, 2024, 9:41 AM
[ in reply to Both are true ] |
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The measure that should be looked at is prime-age employment, which is the highest it's been since 2001.
I know you'll come up with some other nonsense to argue with. But we've had a surge in real employment, and an increase in real wages. It's higher now than at any point in Trump's presidency, back when you guys were pretending the economy was booming.
https://fred.stlouisfed.org/series/LNS12300060
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Hall of Famer [24830]
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And it still hasn't even begun to keep up with REAL inflation... not "CPI" BS.***
Apr 12, 2024, 1:01 PM
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All-In [31935]
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No, I don't think it is...
Apr 12, 2024, 1:21 PM
[ in reply to That's aging & retirement, sherlock.... ] |
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labor force participation measure is for ages 15-64 yrs old. There is maybe a slight impact from boomers maybe retiring earlier than previous generations and maybe that hits some before 64, but I'm assuming not that much...at least not enough to account for the continued drop over time.
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Head Coach [792]
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Re: I thought Biden fixed inflation
Apr 11, 2024, 12:39 AM
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You thought wrong. Biden didn’t fix inflation and didn’t cause it.
No US president causes or fixes inflation. Period end of story.
Stop with the ignorant comments.
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Hall of Famer [24830]
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You're correct. The Puppet didn't do anything other than show up and sign.
Apr 11, 2024, 12:59 AM
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Orange Blooded [4025]
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Re: I thought Biden fixed inflation
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Apr 11, 2024, 8:02 AM
[ in reply to Re: I thought Biden fixed inflation ] |
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The current president
- appointed the chairman of the Federal Reserve
- appointed the secretary of the treasury
- signed the inflation reduction act (that is really a big ### spending bill that drives inflation)
- pushes his green energy agenda that drives up the cost of basic goods
- stymies oil and gas exploration which drives up the cost of basic goods and gasoline
- spend billions outside of the US waging foreign wars that provide zero benefit to the us
I think he’s had a ton of opportunity to completely screw things up.
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Commissioner [961]
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Re: I thought Biden fixed inflation
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Apr 11, 2024, 7:49 AM
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Biden is just the President. He didn't cause any of the bad stuff, but he should get credit for the good stuff. Plus, his hands are tied on the border mess, that's Congress fault. Again, he's just the President of the United States. At least that's what he wants you to think.
Now, pay off my student loans and you working fools get back to work and pay your taxes by the 15th.
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Head Coach [792]
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Re: I thought Biden fixed inflation
Apr 11, 2024, 7:58 AM
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This thread was over before it started.
One of the dumbest threads I’ve seen on Tigger net in a long time.
POTUS has very little impact on inflation and gas prices. If you think otherwise, please keep posting your silly nonsense. 😂
If you think the inflation reduction act was designed to reduce inflation …….. bless your heart.
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Hall of Famer [24830]
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You're correct. That's just how they propagandized it. Always the opposite.***
Apr 11, 2024, 11:28 PM
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110%er [5697]
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No Biden did not fix inflation
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Apr 11, 2024, 6:25 PM
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but he eliminated COVID permanently and cured cancer.
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Head Coach [792]
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Re: I thought Biden fixed inflation
Apr 13, 2024, 7:53 PM
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Hey Champ81 - keep posting. Funny stuff. You’re gullible, but entertaining.
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