Why would Biden's stimulus cause inflation, but not Trump's?

That single thing will and does effect every aspect of consumer prices, and the first to feel the wave are the poor.. This has always been the DNC's downfall down thru history....

 

Biden won. Trump lost. Trump does know what it feels like to be a consistent delusional loser. Inflation is a demand and supply thing. Hyper inflation requires more variables.

 

Yup he sure did, how's the little moron doing so far

 

To be accurate, it was businesses that fared best from the tax cut. The purpose of the tax cut was to help American businesses be more competitive in the gloabl marketplace. The personal tax cuts were there just to sell the business tax cuts.

 

No, prices are a demand and supply thing. Inflation results from degrading the value of currency.

 

You want to compare inflation between Trump and Biden? Gas prices were much lower under Trump. So was heating and air conditioning. We were exporting oil, now we are importing it. Under Trump, it was cheaper to buy a home than rent. Under Biden, both are out of reach to millions of Americans. Prices seem to be going up on everything.

• Procter & Gamble announced on Tuesday it will hike prices on baby care, feminine care and adult incontinence products in September to respond to higher commodity costs. The consumer giant joins a host of other companies, like rival Kimberly-Clark and beverage giant Coca-Cola, that are raising prices to protect profit margins.

 

Sorry, that's not accurate. Inflation affect price but normal inflation is a demand and supply issue. Hyper inflation could be a value of currency issue, not normal inflation.

 

mises.org › power-market › biden-and-fed-areBiden and the Fed Are Creating an Inflation Crisis | Mises ...
Jun 03, 2021 · Biden and the Fed Are Creating an Inflation Crisis. 06/03/2021 Robert L. Luddy. The Federal Reserve Bank (the Fed) and the Biden administration are systematically undermining the


Cost of living increase in Social Security last year under Trump was 1.3%. They are predicting an increase under Biden of 5%. Hopefully it won't be eaten up by higher medical costs.

 

I stand by what I wrote. I don't have time to explain things to you.

 

Only because the virus hit us and so many businesses closed down and many have gone out of business. Lets look at the last month of his economy before the virus. Last January when on Jan.29,th, WHO told us how bad the virus really was. How was Trump's economy then?

January jobs report: Employers added 304,000 jobs, wages ...
https://www.cbsnews.com/news/job-growth-in-january...
Businesses created 304,000 jobs in January, the Labor Department said on Friday. That number blew away expectations of many economists, who had predicted that about 165,000 jobs would be added.

 

With the bias news out there telling nothing good Trump did and constantly ripping him apart, it's no wonder that half this country knows nothing good Trump did and he had one of the best economies in the world up to the virus hitting us. He fixed our military Obama let fall apart. Fixed the VA where thousands of our veterans died over the years trying to get in. Got NATO to finally put in their fair share instead of relying on America to spend all our money on weapons to protect them. Gave Kodak a huge loan to make vital ingredients needed in most of our medicine that were being made by China. Who threatened to cut those ingredients off if we didn't give into them on trade. That could put the life of millions at risk.

 

I guess I could post the same thing.

 

You can post whatever you like.

 

We need to take a dive into our supply issues: factors, decision-makers, et al. Not a popular topic on a political board

 

The short answer is that it would not.

Since there is no Monetary Inflation, neither are too blame.

Since there is Demand-pull Inflation, Trump is solely to blame because Trump did not close the borders, which is the only possible way to stop a pandemic.

Equally to blame are the governors who shut down their economies, because that was apparently much easier than sending a text message to the Adjutant General of their respective National Guards and using the medium-lift capability available to them to medivac patients from hospitals that were approaching over-crowded conditions to hospitals with an abundance of open beds.

And the governors were equally incompetent in managing their available bed-space.

We must conclude, therefore, that no US governor is aware of the existence of texting, email, phones, or Excel or Lotus-style spreadsheets to effectively manage hospital bed-space in their States.

No effect.

Effects are always delayed 9 to 36 months. It's an economy, not a train. It doesn't run on a schedule.

Yes, and once the governors crashed your economy, there was no way to prevent Demand-pull Inflation, and since foreign States crashed their economies, too, it would be impossible to stem the effect of Demand-pull Inflation absent a Price Freeze ordered by the President.

Okay, then the next time some turd opens their mouth and pukes, show them this:

GDP = C + I + G + (X – M)

Who on this forum would like to know why there is no Monetary Inflation at present, even though Demand-pull Inflation caused by consumers is rampant and to a lesser extent Cost-push Inflation caused by consumers and STUPID-19 is driving up prices for certain select goods and services (which is proof of the absence of Monetary Inflation)?

See the "G" in that equation?

Well, if you remember from your 5th Grade Math, what happens if you increase "G" -- government spending -- while decreasing "C" and/or "I"?

Anyone? Beuller?.....Beuller....?

You can probably find your 5th Grade Math teacher on Facepuke. As soon as they explain it to you, you'll have your answer.

 

Nothing like beating your head against the wall to keep you focused.

 

Fair point.

 

Very true, except it was corporations, not businesses that fared the best from Trump's tax cuts. Corporations do not fit well in individual classes like low, medium, high income, though businesses might. The benefit businesses got from the Trump tax cuts were not all that spectacular but probably mostly went to upper or middle income people. The trite meme I fussed about and ridiculed does not make such distinctions, but just 100% wrongly states the Trump tax cuts helped only the rich..

 

Fuel prices impacts on the housing market. As fuel costs escalate, those living a distance from the job run into the problem of choosing the fuel to get to work vs the payment on the home. This is a lot more serious than Democrats want to admit. Those in the position of my grandson, naturally are not buying fuel for his car. But nationwide few are set up handsomely as he is.

 

Why? Because Trump isn't president.

 

I've lived through much higher fuel prices during Bush jr. and lived to work, earn a living and paid a house payment or two.

 

No. We only play a role in Demand-pull Inflation and Cost-push Inflation.

We play no role in Monetary Inflation or Wage Inflation.

Currently, you are not experiencing Monetary Inflation.

Totally false.

100% of crappy Canadian Tar Sands is earmarked for export to China.

Like so many others, you hear the word "oil" and go ballistic even though you don't know what you're talking about.

O Canada! has a butt-load of crappy Canadian Tar Sands.

O Canada! does have west coast ports, but few are capable of expanding to handle the export of crappy Canadian Tar Sands.

Thus, O Canada! has a very, very serious problem. It has far more crappy Canadian Tar Sands than it could ever possibly export from it's west coast ports.

To resolve that very serious economic problem, O Canada! opted to built a pipeline through the US to Gulf Coast Ports which have excess capacity and none of that matters because those ports can be expanded to handle oil tankers.

Get it?

We're talking about oil tankers, not cargo ships or ro-ros.

Even when expanding those ports, they still won't be able to handle large oil tankers and super tankers are out of the question.

That's no problem for US Gulf Coast ports.

Since crappy Canadian Tar Sands only yields 3.2 gallons of gasoline (Peace River in situ), to about 4.6 gallons of gasoline (Cold Lake Thermal) for each 42 gallon barrel of crappy Canadian Tar sands.

Athabasca Mining, Athabasca Thermal, and Wabasca Primary (the other 3 crappy Canadian Tar Sands) have yields in-between the other two.

Contrast that with West Texas Intermediate which yields 19 gallons of gasoline per 42 gallon barrel. Hell, even Oklahoma Heavy yields 9 gallons of gasoline per 42 gallon barrel.

The story so far.....

Your brilliant plan to refine crappy Canadian Tar Sands into gasoline has resulted in an 82% reduction in the Supply of Gasoline in the US causing gasoline prices to increase to $9-$15/gallon.

Congratulations are in order.

Oh, and add another $2 per gallon to reduce Sulfur levels in the crappy Canadian Tar Sands from 56,400 ppm to 10 ppm to meet EPA Tier III Standards.

That would make gasoline prices in the US $11-$17/gallon.

I'm guessing Americans would want your head on a silver platter.

 

China has a $55 billion dollar investment in Alberta Tar sands.

The Syncrude project is owned by Canadian Oil Sands (37% CDN), Suncor (12% CDN), Mocal Energy (5% Japan), Murphy Oil (5% USA) Suncor (59% Canadian), Sinopec (9% China), Imperial Oil (7.5% CDN and 17.5% USA) and Nexen (7% China).
https://en.wikipedia.org/wiki/Foreign_ownership_of_companies_of_Canada

 

The trucking industry like many sectors of the economy experienced "Retirement Syndrome."

Many workers were of retirement age when STUPID-19 hit.

Because your federal and State governments failed on so many different levels, and because they lost their jobs or suffered reduced hours, because the safety precautions were a hassle, or because they were just done, and because government at all levels kept waffling on whem the economy might "re-open" they took retirement

Not correct.

Inflation can result from exorbitantly high wages in a limited number of jobs resulting in Wage Inflation, which you have experienced twice in your history.

Inflation can result from exorbitantly high Demand when Supply is limited resulting in Demand-pull Inflation, which is what you are currently experiencing now.

Inflation can result from increases in the cost of doing business through taxes and regulations, and other factors, resulting in Cost-push Inflation, which you have a mild case of right now.

The definition of Inflation is a rise in prices. The specific cause of the rise in prices is critical to understanding the solution, since all four forms of Inflation have unique causes, and therefore, unique solutions.

There is nothing wrong with your money supply --- Monetary Inflation -- but there is something wrong with your supply chain and the Federal Reserve can't do a damn thing about it. Demand for goods and services has now returned to pre-STUPID-19 levels but your Supply has not caught up and that is the main cause of the rise in prices.

The secondary cause of the rise in prices is Cost-push Inflation and here specifically it is the cost businesses are incurring in protecting against STUPID-19.

Employers are required to pay workers for temperature testing and STUPID-19 testing.

B-b-b-b-b-b-b-but it only takes 30 seconds to take someone's temperature!

Lame. That's 30 seconds times the number of employees you have times the number of times per day you do that and that's called "lost productivity" which ain't free.

Every business is spending more money "sanitizing their facility to "insure customer/employee safety."

That ain't free. It costs money. Cleaning supplies are expensive because they're in short Supply and high Demand on top of the base cost, and many companies are doling out over-time to get their facility sanitized, which ain't free, either.

Are restaurants hiring outside cleaning services to sanitize? Probably not.

But, that means that wait staff that you would normally schedule for 4 hours for lunch you now have to schedule for 6 hours so they can sanitize and do other STUPID-19 related activities.

That ain't free.

All those things cost money and you're paying for them through higher prices.

Wrong.

For example, during the Civil War and in the post-Civil War Era, Monetary Inflation was 100% and Demand-pull Inflation was 100% to as much as 150% in some parts of the US.

A reasonable person would characterize both as "hyper-Inflation."

"Price gouging" is hyper-Inflation, only it is hyper-Demand-pull Inflation and not hyper-Monetary Inflation.

No one cares what the idiots at Misses dot org are saying.

Well, then Marine, go gear up and attack your State legislature, because it is your State laws that are most responsible for higher medical costs in addition to the high cost of health plan coverage.

Or, do you plan on retreating from your State legislature and surrendering?

LTG Puller would be spinning in his grave.

 

Oil is neither dirty nor clean.
And the Bitumen from Canada is washed prior to shipping.
We are experiencing rapid rises in many things and a good bit of that is due to fuel costs escalating.

Democrats sell us that the sands are crude oil. But again, Bitumen a rich source of oil is what it actually is.
Biden killed our deal with Canada as to the pipeline.
Defend him at your peril.