Biden Presidency

Irish#1

Irish#1

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On Tuesday, a day before the release of yet another month of grim inflation numbers, President Joe Biden stepped up to the plate and called inflation "my top domestic priority." He didn't go so far as to call it an enemy, but the intention was the same. He was ratcheting up his rhetoric after price increases hit 40-year highs and polls showed Americans increasingly worried about inflation.
But as Ford and other presidents discovered, there isn't a lot they can do to bend the inflation curve in a better direction. The Federal Reserve Bank has the tools — and is beginning to use them — but the plan to steadily increase interest rates inevitably risks bringing on a recession. Markets have taken the hint, dropping precipitously in recent weeks, wiping out trillions in value.


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Biden blamed the sharp uptick in inflation on Covid-19 and Vladimir Putin's war in Ukraine, but it began months before the Russians invaded their neighbor on Feb. 24. Economist Jeffrey D. Sachs took a broader view of the reasons prices are zooming higher. One is an expansion of the money supply. Sachs noted that "The Federal Reserve issued more dollars between December 2019 and December 2022 ($3 trillion) than in the preceding 23 years."
"The second factor is the massive disruption of Covid-19, and the failure of the government and public to get the virus under control," Sachs wrote. "Yes, vaccines have reduced deaths markedly, but the rush to eliminate all other kinds of public health controls and to declare the pandemic over, despite the continued arrival of new variants, has meant an ongoing high rate of disease transmission and continuing disruption of supply chains." Add in the Ukraine war, the impact of Western sanctions on Russia, and continuing US-China tension on the economy and you have a recipe for a giant economic headache.
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"We are at risk of entering a period of worldwide stagflation — meaning high inflation combined with low or negative growth," Sachs warned.
Biden "should have said this months ago," wrote The Washington Post's editorial board in response to the "top domestic priority" phrase. "The White House has been suffering from magical thinking on inflation, and, sadly, that continues."
"For much of last year, the Biden administration wrongly told the American public that rising prices would be short-lived. When it became clear that inflation would not come down on its own, the White House began a blame game. One of its favorite talking points is to pin inflation on greedy corporations for hiking prices too much. That just doesn't add up. Corporations did not become far more greedy in the past few months. What's really going on is basic economics..."
Some members of Congress are feeling the pinch. As Nicole Hemmer wrote, "At a private meeting of the House Democratic Caucus last week, California Rep. Katie Porter ... recounted a recent stop at the grocery store when she tossed a package of bacon into her cart before realizing its price had ballooned to nearly $10 a pound. It was a budget-busting price. She put it back."
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Irish#1

Irish#1

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ACamp1900 said:
It’s like two different universes at this point. Millions of Americans called this in the moment but the media and elites on the left shouted it down and name called,… and here we are, again…
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Yep, I was not in favor of stimulus payments. That bird was coming home to roost and apparently with the speed of a falcon honing in on its prey.
 
Rockin’Irish

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There is a cost to everything…….free is never really free and that goes for any kind of “entitlement”. The cost is not only financial, there is much more cost involved.
 
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ab2cmiller

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Armyirish47 said:
How can we simultaneously argue that COVID is not a big deal and continue Title 42?
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Excellent point.

On the flip side. How can someone continue to claim that COVID is of such great concern that we need to require all federal employees get the vaccine but yet want to end Title 42. Plenty of hypocrisy to go around.

So it's perfectly reasonable to require a border agent to be vaccinated, but not those breaching our borders. You want to get rid of Title 42, get rid of vaccine mandates for federal employees.
 
Rockin’Irish

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1.3MM people in the last 7 months is insane…….I realize that some of those encounters are likely repeat offenders but that works out to around 6,000 people per day over that time period.
 
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ab2cmiller

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Rockin’Irish said:
1.3MM people in the last 7 months is insane…….I realize that some of those encounters are likely repeat offenders but that works out to around 6,000 people per day over that time period.
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Just wait till the food supply issues really hit. I can't even imagine.
 
Armyirish47

Armyirish47

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ab2cmiller said:
Excellent point.

On the flip side. How can someone continue to claim that COVID is of such great concern that we need to require all federal employees get the vaccine but yet want to end Title 42. Plenty of hypocrisy to go around.

So it's perfectly reasonable to require a border agent to be vaccinated, but not those breaching our borders. You want to get rid of Title 42, get rid of vaccine mandates for federal employees.
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Yes, no, maybe? I'm not sure workplace vaccine requirements are equivalent. If workplaces can require you to get a flu vaccine could you then use the flu as an annual reason to exercise Title 42? I dunno.
 
RDU Irish

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Irish#1

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Joe fixing the baby formula crisis is a priority. When everything is a priority, is anything really a priority? The bolded made me laugh.

Biden called the formula shortage one of his "top priorities."


"I know parents all across the country are worried about finding enough infant formula to feed their babies," the president said in a video address announcing the administration's latest steps. "As a parent and as a grandparent, I know just how stressful that is."
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Blazers46

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Irish#1 said:
Joe fixing the baby formula crisis is a priority. When everything is a priority, is anything really a priority? The bolded made me laugh.
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We made our own baby formula. Its pretty easy and awfully sad all the professionals are claiming how "dangerous" it is.... sure, go hungry then... wise choice.
 
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