The Biden Administration and All Things Politics

[One Brow]

The San Francisco branch of the Federal Reserve (not a bastion of conservatism) did a study analyzing that question.

It's not a study, it's a letter that discusses one possible reason for this contribution.

Why Is U.S. Inflation Higher than in Other Countries? - San Francisco Fed

Inflation rates in the United States and other developed economies have closely tracked each other historically. Problems with global supply chains and changes in spending patterns due to the COVID-19 pandemic have pushed up inflation worldwide. However, since the first half of 2021, U.S...

www.frbsf.org

The letter even acknowledges other measures that reduce the level of contribution from direct assistance:

As Bianchi et al. (2021) point out, alternative modeling frameworks can result in different estimates. Barnichon et al. (2021), for example, indirectly find a much smaller, though statistically significant, contribution from fiscal measures using historical U.S. data and relying on a new measure of labor market slack.

Of course, if we had already had a level of personal assistance similar to other OECD countries, the assistance in the ARP wouldn't have been needed.

 

[Al-O-Meter]

Me too. I actually have more money than I have ever had before (which isn't much but still), and healthier and happier than ever before. Going on a cruise next month!

I'm happy to hear that you are doing so well. You might as well go on a cruise but know that while the world you are leaving may look like this:

Democrat policies while you are on the boat will make the world you come back to look like this:

 

[fishonjazz]

I'm happy to hear that you are doing so well. You might as well go on a cruise but know that while the world you are leaving may look like this:

Democrat policies while you are on the boat will make the world you come back to look like this:

Lol. Like i haven't heard that from the right a million times when other democrats were in charge in the past. And then I hear it from the left whenever the republicans are in power. Yet time marches on and things continue to be fine.
I dont rely on the government for my health, happiness and financial well being as much as others I guess. I just make smart decisions on my own. Those that rely on the government are probably scared often by whatever the government is or isn't doing. Im glad I dont live that way.

 

[TheGoldStandard]

Lol. Like i haven't heard that from the right a million times when other democrats were in charge in the past. And then I hear it from the left whenever the republicans are in power. Yet time marches on and things continue to be fine.
I dont rely on the government for my health, happiness and financial well being as much as others I guess. I just make smart decisions on my own. Those that rely on the government are probably scared often by whatever the government is or isn't doing. Im glad I dont live that way.

So you didn't choose the post-apocalyptic cruise package? I hear it is quite realistic. Better than the Star Wars hotel...

Republicans spend more than Dems, and neither side does it very efficiently. Two sides of the same coin.

 

[Gameface]

My opinion of Biden dropped to the floor after learning this sad fact.



There hasn't been such a disgraceful moment in U.S. Presidential history since Obama wore a tan suit.

 

[LogGrad98]

My opinion of Biden dropped to the floor after learning this sad fact.



There hasn't been such a disgraceful moment in U.S. Presidential history since Obama wore a tan suit.

Disgraceful! Human garbage, nothing but human garbage!!

 

[FalseFlagg K]

So is good ol Joe gonna throw Hunter under the bus with this laptop dirty money thing to maintain deniability ?

 

[Red]

So is good ol Joe gonna throw Hunter under the bus with this laptop dirty money thing to maintain deniability ?

My head is spinning trying to decide what is likely to happen first: Joe throws his surviving son under the bus? Or AG Garland indicts Donald Trump? Neither scenario seems likely at the moment. But, methinks it will be below freezing in Hell the day Trump is held to account.

 

[Bucknutz]

Bloomberg - Are you a robot?

Democrats blocking great ideas and look at the situation we are now in. This is a business 101 strategy.

Southwest Airlines gains advantage by hedging on long-term oil contracts (Published 2007)

www.nytimes.com

They will throw 13.6 billion plus another 800 and 500 million at Ukraine. But to help out their own country, they boast about how they stopped buying oil it’s ultra low price.

 

[Deleted member 365]

This is some good news. Unemployment rate down, labor participation and wages up.

 

[Al-O-Meter]

This is some good news. Unemployment rate down, labor participation and wages up.

That's great except labor participation should be north of 63%, as it was under Trump, if the Dems hadn't decided to nerf the economy with stagflationary economic policies. The 431,000 jobs is better than nothing but is concerning seeing as it marks a deceleration in the pace of hiring. In the previous two months those numbers were 504,000 and 750,000 jobs added, and we're not yet back to Trump levels of labor participation so there is no reason hiring shouldn't still be accelerating. Lastly, wages are rising but not as fast as inflation so workers are actually seeing declines in their spending power. According to a recent NBC poll, a full 63% of Americans disapprove of Biden's handling of the economy versus only 33% that approve. You can piss on people but don't expect them to believe you when you tell them it is raining. Republicans are now holding voter registration events at gas stations.

 

[One Brow]

That's great except labor participation should be north of 63% as it was under Trump if the Dems hadn't decided to nerf the economy with stagflationary economic policies. The 431,000 jobs is better than nothing but is concerning seeing as it marks a deceleration in the pace of hiring. In the previous two months those numbers were 504,000 and 750,000 jobs added, and we're not yet back to Trump levels of labor participation so there is no reason hiring shouldn't still be accelerating. Lastly, wages are rising but not as fast as inflation so workers are actually seeing declines in their spending power. According to a recent NBC poll, a full 63% of Americans disapprove of Biden's handling of the economy versus only 33% that approve. You can piss on people but don't expect them to believe you when you tell them it is raining. Republicans are now holding voter registration events at gas stations.

It must be hard for you to see how the world is changing. Nothing Biden has done, or Trump did, could replace a basic, low-middle class income for a family; but the number of open positions is still near a record-high. People aren't returning to these jobs, and Biden's spending simply does not account for it. The economy is changing, capitalism is having workers find a new path, and here you are moaning for the old days.