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  1. #6161
    Join Date
    Sep 2007
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    Quote Originally Posted by ClemmonsDevil View Post
    It's not draining a swamp. It's having allegiance from all the alligators.
    Well-stated as usual.
    Duke 28. Clemson 7.

  2. #6162
    Quote Originally Posted by PackMan97 View Post
    America is having an "affordibility" crisis. No amount of touting policies or accomplishments is going to fix that.
    That supposed crisis is over—the empirical evidence is irrefutable. What America is having is a denial-of-reality crisis.

    https://www.nytimes.com/2023/09/19/o...rate-data.html

    And ir doesnt help that Jerome Powell is trying his hardest to get Trump elected.
    Last edited by burnspbesq; Today at 07:51 PM.

  3. #6163
    Quote Originally Posted by burnspbesq View Post
    That supposed crisis is overóthe empirical evidence is irrefutable.
    You underestimate the refutability of our populace.

  4. #6164
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by burnspbesq View Post
    That supposed crisis is over—the empirical evidence is irrefutable. What America is having is a denial-of-reality crisis.

    https://www.nytimes.com/2023/09/19/o...rate-data.html

    And ir doesnt help that Jerome Powell is trying his hardest to get Trump elected.
    I’m not sure that Paul Krugman is a neutral Op-Ed author.

    While the rate of inflation has lessened, prices are still demonstrably higher than they were two years ago. Gas has gone from a bit above two dollars to bouncing up near four dollars. Grocery bills are stout. Auto prices are still elevated. Housing prices are up, and the interest rate (a different problem) is the highest it has been in over a decade. I don’t think we can deny that the amount of inflation (as opposed to the rate) and the increase in borrowing costs are quite pronounced.

    Presidents and the economy are like quarterbacks — they get too much credit when things are good, and too much blame when things are not. The inflation we have experienced is due (IMO) to policy decisions starting with W in 2008 — and carried through by Obama, Trump, and Biden — to flood the market with lots of liquidity and low interest rates. At some point, someone ends up with the hot potato. Right now that’s Biden.
    Duke 28. Clemson 7.

  5. Quote Originally Posted by OldPhiKap View Post
    Iím not sure that Paul Krugman is a neutral Op-Ed author.

    While the rate of inflation has lessened, prices are still demonstrably higher than they were two years ago. Gas has gone from a bit above two dollars to bouncing up near four dollars. Grocery bills are stout. Auto prices are still elevated. Housing prices are up, and the interest rate (a different problem) is the highest it has been in over a decade. I donít think we can deny that the amount of inflation (as opposed to the rate) and the increase in borrowing costs are quite pronounced.

    Presidents and the economy are like quarterbacks ó they get too much credit when things are good, and too much blame when things are not. The inflation we have experienced is due (IMO) to policy decisions starting with W in 2008 ó and carried through by Obama, Trump, and Biden ó to flood the market with lots of liquidity and low interest rates. At some point, someone ends up with the hot potato. Right now thatís Biden.
    My doctor had told me I need to lose weight. But at my next checkup I had gained a few pounds. I pointed out that normally I would have gained more than that, so I had slowed my rate of inflation. It didnít go over well.

  6. #6166
    Quote Originally Posted by OldPhiKap View Post
    Iím not sure that Paul Krugman is a neutral Op-Ed author.

    While the rate of inflation has lessened, prices are still demonstrably higher than they were two years ago. Gas has gone from a bit above two dollars to bouncing up near four dollars. Grocery bills are stout. Auto prices are still elevated. Housing prices are up, and the interest rate (a different problem) is the highest it has been in over a decade. I donít think we can deny that the amount of inflation (as opposed to the rate) and the increase in borrowing costs are quite pronounced.

    Presidents and the economy are like quarterbacks ó they get too much credit when things are good, and too much blame when things are not. The inflation we have experienced is due (IMO) to policy decisions starting with W in 2008 ó and carried through by Obama, Trump, and Biden ó to flood the market with lots of liquidity and low interest rates. At some point, someone ends up with the hot potato. Right now thatís Biden.
    Wish we had teamed up during our careers. You have a great mind!

    Those in power have spent the last 15 years trying to create inflation. Itís shocking how much liquidity and time it took!

    Current overall inflation is not out of control. I remember paying $1 minute for long distance, $10k for a gigabit of storage, $200 for a basic calculator, etc. Iím more concerned about the $33 trillion gross federal debt than current inflation.

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