Quote:But messaging efforts are not going much better for the White House. A post shared from President Joe Biden's official X account on Wednesday boasted that the Biden-Harris administration is on top of reducing inflation, for American families getting crushed by the cost of everything from gas to food to power bills, just over halfway through an election year. The post claims to outline their "plan" to fix that::

In case you can't see the post, it reads:

Grocery costs are too high for families across the country. We have a plan to tackle them.

The Biden-Harris Administration is Lowering Grocery Costs By:

Partnering with 31 state Attorneys General to take on price gouging

Successfully calling on grocery chains to lower costs -- urging more to join leaders like Target, Wal-Mart, and ALDI in lowering prices

Providing low income families of 4 $2,000 more for groceries by improving SNAP and launching summer EBT

Briefly, let's break down those "solutions." The first two are the federal government playing winners and losers with the free market. I wouldn't be surprised if the first one involves suing businesses to make them come to heel. Sounds totally democratic, doesn't it? The third item is, unsurprisingly, a massive socialist giveaway. If progressives aren't whining that corporations are evil and mistreating people, they're busy inventing new ways to print money and distribute it to people. Both ploys drive up how much everything costs, but hurts low-income people the most.

Conservative money management author Carol Roth quickly demolished the policies outlined in the president's post, explaining that they are exactly why inflation is where it is:

Here's the hard truth: The administration is fooling itself, if it thinks Joe Biden (or Kamala Harris) can run on fixing the economy it broke. Also, didn't Democrats insist that this would all be solved by passing the Inflation Reduction Act? Seems that didn't work as advertised, which we knew all along.

What's the real solution? Roth acknowledged that Twitter posts aren't the best format to lay out complex answers on economics, but I think she nailed it with just a few bullet points:

She wrote:

Taking an insanely complex q and trying to boil down a few key points, they need to reduce govt spending (offset by embracing pro-growth policy) and the Fed needs to cut rates- not so much to massively change behaviors, but to give the debt financing some breathing room

Since these are common sense conservative-libertarian prescriptions, it's highly unlikely Biden and Co. will follow them. Yet one more reason to make sure everyone you know gets to the polls in November to evict the people who apparently don't know the first thing about capitalism or how to run a healthy economy.

Link

It should be no surprise that the democrat solutions are actually socialist solutions.

Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

(07-05-2024 07:11 AM)VA49er Wrote:  Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

Because people who vote for democrats are even bigger idiots

(07-05-2024 08:51 AM)MemTigers1998 Wrote:  

(07-05-2024 07:11 AM)VA49er Wrote:  Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

Because people who vote for democrats are even bigger idiots

Yep

Did the 16 economic idiots sign off of this?

CONTINUE TO TOLERATE THE INCREDIBLE BULLSH1T BEING SOLD TO THE AMERICAN PUBLIC BY THE BIDEN*/HARRIS REGIME IN AN ELECTION YEAR.

(07-05-2024 07:11 AM)VA49er Wrote:  Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

That was actually a "Green" energy bill to pay tree-huggers to hug trees. I'm still waiting to get caught in an "Acid Rain" storm. For you youngins here, that was an actually thing a few decades ago.

(07-05-2024 09:35 AM)Eagleaidaholic Wrote:  

(07-05-2024 07:11 AM)VA49er Wrote:  Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

That was actually a "Green" energy bill to pay tree-huggers to hug trees. I'm still waiting to get caught in an "Acid Rain" storm. For you youngins here, that was an actually thing a few decades ago.

Acid rain got washed away by the melting of the polar ice caps in 2012.

Tired of hearing about their "plan".

The idiot administration has had 3.5 years and things are only going from bad to worse.

(07-05-2024 09:35 AM)Eagleaidaholic Wrote:  

(07-05-2024 07:11 AM)VA49er Wrote:  Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

That was actually a "Green" energy bill to pay tree-huggers to hug trees. I'm still waiting to get caught in an "Acid Rain" storm. For you youngins here, that was an actually thing a few decades ago.

Whatever it claimed to do, there is absolutely no way any $800 billion spending bill could possibly reduce inflation. That's not how that works, that's not how inflation works. Any one that believes otherwise has either never had an Econ class or is a damn fool.

Keep in mind some people on this board that mouth off about democrats also say we only have two choices....

awful to not good

Think about that for a minute when you look at the below, it's its true. While you at it can anyone put this in a chart with the numbers from the last 5 presidents?



You dont need to chart the below it's very clear which President had the best numbers. Folks....IT'S THE IMPORTANT SHITE THAT REALLY MATTERS.

Awwwe, the Democratic way.

Create a disaster ie the Inflation Production Act. Print money with no goods or services to back it up.

Then, tell everyone how much progress you have made towards fixing the disaster you created

Folks, you can’t get more ignorant than to buy into this garbage

Great thing is the Idiots will NEVER OWN IT.

(07-05-2024 10:25 AM)VA49er Wrote:  

(07-05-2024 09:35 AM)Eagleaidaholic Wrote:  

(07-05-2024 07:11 AM)VA49er Wrote:  Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

That was actually a "Green" energy bill to pay tree-huggers to hug trees. I'm still waiting to get caught in an "Acid Rain" storm. For you youngins here, that was an actually thing a few decades ago.

Whatever it claimed to do, there is absolutely no way any $800 billion spending bill could possibly reduce inflation. That's not how that works, that's not how inflation works. Any one that believes otherwise has either never had an Econ class or is a damn fool.

you are correct. The ONLY way to fix the problem with our economy is a significant reduction in government spending, and it's not a cut in discretionary or military spending. government "welfare" nanny programs must be much much lower.

AND - we will likely need a tax increase as well, expanding the base to include a lot of people that currently pay nothing.

sad, but true.. we've spent beyond our means for 3 decades, paying it back will be painful

STOP ALL FOREIGN AID. Who cares if it Pses them off, it's not like they love us, heck they don't even like us. We're just useful idiots to them. Reduce the number of government workers and let them go work for fast food joints, they're paying really well I hear. In other words who cares where they go work, just get them off the government teat. Start with the IRS, oh, oh, never mind. Tee Hee, they're okay. Whew, I almost screwed up. Okay, lets start again, start with the Education dept., FIB, CIA, and stop giving welfare to propaganda machines aka networks like PBS, NPR. I'm sure there's other worthless departments to defund.

(07-05-2024 11:45 AM)Oman Wrote:  

(07-05-2024 10:25 AM)VA49er Wrote:  

(07-05-2024 09:35 AM)Eagleaidaholic Wrote:  

(07-05-2024 07:11 AM)VA49er Wrote:  Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

That was actually a "Green" energy bill to pay tree-huggers to hug trees. I'm still waiting to get caught in an "Acid Rain" storm. For you youngins here, that was an actually thing a few decades ago.

Whatever it claimed to do, there is absolutely no way any $800 billion spending bill could possibly reduce inflation. That's not how that works, that's not how inflation works. Any one that believes otherwise has either never had an Econ class or is a damn fool.

you are correct. The ONLY way to fix the problem with our economy is a significant reduction in government spending, and it's not a cut in discretionary or military spending. government "welfare" nanny programs must be much much lower.

AND - we will likely need a tax increase as well, expanding the base to include a lot of people that currently pay nothing.

sad, but true.. we've spent beyond our means for 3 decades, paying it back will be painful

I agree on most of that, other than the tax increase. Govt brings in more than enough taxes. It's the spending side that is out of control.

This is an echo chamber because none of our local liberals will join conversations like this. Why is that? Asking you and you know who you are.

(07-05-2024 12:28 PM)VA49er Wrote:  

(07-05-2024 11:45 AM)Oman Wrote:  

(07-05-2024 10:25 AM)VA49er Wrote:  

(07-05-2024 09:35 AM)Eagleaidaholic Wrote:  

(07-05-2024 07:11 AM)VA49er Wrote:  Keep in mind this is the same admin that named a $800 BILLION spending bill the "inflation reduction act". They are idiots, but their constituents believe them, for some reason.

That was actually a "Green" energy bill to pay tree-huggers to hug trees. I'm still waiting to get caught in an "Acid Rain" storm. For you youngins here, that was an actually thing a few decades ago.

Whatever it claimed to do, there is absolutely no way any $800 billion spending bill could possibly reduce inflation. That's not how that works, that's not how inflation works. Any one that believes otherwise has either never had an Econ class or is a damn fool.

you are correct. The ONLY way to fix the problem with our economy is a significant reduction in government spending, and it's not a cut in discretionary or military spending. government "welfare" nanny programs must be much much lower.

AND - we will likely need a tax increase as well, expanding the base to include a lot of people that currently pay nothing.

sad, but true.. we've spent beyond our means for 3 decades, paying it back will be painful

I agree on most of that, other than the tax increase. Govt brings in more than enough taxes. It's the spending side that is out of control.

i believe revenues are currently around 17% of GDP, historically very low. i don't advocate higher rates, just widen the base.. half of individuals pay none.. that does not work.. tax revenues need to be 20% higher.

we can discuss how we get there, but revenues will need to be above 20% opf GDP to start.