West Posted December 30, 2022 Report Share Posted December 30, 2022 You must be pretty dumb to support the "Inflation Reduction Act" Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 8 hours ago, West said: You must be pretty dumb to support the "Inflation Reduction Act" You must be very dumb to not understand how investment can increase EFFICIANCY, and greater efficiency LOWERS COSTS. Quote Link to comment Share on other sites More sharing options...
ironstone Posted December 31, 2022 Report Share Posted December 31, 2022 12 minutes ago, robosmith said: You must be very dumb to not understand how investment can increase EFFICIANCY, and greater efficiency LOWERS COSTS. Ummm... there has been TRILLIONS of dollars spent by the Biden administration over the last couple of years...and yet, inflation has been at record levels. Somewhere along the line, that greater efficiency that was supposed to lower costs, must have gotten derailed. Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 6 minutes ago, ironstone said: Ummm... there has been TRILLIONS of dollars spent by the Biden administration over the last couple of years...and yet, inflation has been at record levels. Somewhere along the line, that greater efficiency that was supposed to lower costs, must have gotten derailed. Only the infrastructure bill is called "Inflation reduction," and designed to increase efficiency by investments. The other spending, including that signed by Trump, was for STIMULUS, to keep the economy from imploding. Quote Link to comment Share on other sites More sharing options...
suds Posted December 31, 2022 Report Share Posted December 31, 2022 35 minutes ago, robosmith said: Only the infrastructure bill is called "Inflation reduction," and designed to increase efficiency by investments. The other spending, including that signed by Trump, was for STIMULUS, to keep the economy from imploding. There was no inflation during Trump's presidency. If the ugly truth about fighting inflation is that the economy must be 'destroyed' (as some might put it), then what is accomplished by adding more stimulus or increasing efficiency to now help the economy? I know that Yellen supports the bill, but i don't understand her reasoning unless the Fed's changed its priorities from fighting inflation to avoiding recession. It's not going to end well either way. Quote Link to comment Share on other sites More sharing options...
West Posted December 31, 2022 Author Report Share Posted December 31, 2022 1 hour ago, robosmith said: You must be very dumb to not understand how investment can increase EFFICIANCY, and greater efficiency LOWERS COSTS. Spending more money drives inflation bud. Quote Link to comment Share on other sites More sharing options...
West Posted December 31, 2022 Author Report Share Posted December 31, 2022 1 hour ago, ironstone said: Ummm... there has been TRILLIONS of dollars spent by the Biden administration over the last couple of years...and yet, inflation has been at record levels. Somewhere along the line, that greater efficiency that was supposed to lower costs, must have gotten derailed. That's the point tho.. biggest wealth transfer scam from middle class to the ultra wealthy in our history and democrat voters are too dumb to see it Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 (edited) 4 hours ago, West said: Spending more money drives inflation bud. NOT if it increases EFFICIENCY; your simplistic "understanding" not withstanding. That is PROFIT on a good INVESTMENT. Edited December 31, 2022 by robosmith Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 6 hours ago, ironstone said: Ummm... there has been TRILLIONS of dollars spent by the Biden administration over the last couple of years...and yet, inflation has been at record levels. Somewhere along the line, that greater efficiency that was supposed to lower costs, must have gotten derailed. Inflation in the US is NOT "at record levels." It has been much higher in the PAST. Inflation has been high WORLDWIDE recently, and it is NOT as high here as elsewhere in the Western nations. We (US) are BENEFITING from the high JOB GROWTH fueled by an economy that is RECOVERING FASTER than elsewhere. Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 4 hours ago, West said: That's the point tho.. biggest wealth transfer scam from middle class to the ultra wealthy in our history and democrat voters are too dumb to see it Just cause FOX tells you ^these fairy tales does not make them true. Quote Link to comment Share on other sites More sharing options...
ironstone Posted December 31, 2022 Report Share Posted December 31, 2022 7 hours ago, robosmith said: Inflation in the US is NOT "at record levels." It has been much higher in the PAST. Inflation has been high WORLDWIDE recently, and it is NOT as high here as elsewhere in the Western nations. We (US) are BENEFITING from the high JOB GROWTH fueled by an economy that is RECOVERING FASTER than elsewhere. The way you're describing things, it's the best time ever right now under the Biden administration. You are an optimist, I'll give you that. Joe Biden Cheers Historic Year: Record Crime, Record Inflation, Record Illegal Immigration, Record Gas Prices, Worst Stock/Bond/Equity Losses Since 1871 (thegatewaypundit.com) Biden Denies Massive Spending Fueled Record Inflation: ‘The Idea Is Bizarre’ (yahoo.com) President Biden says the US is NOT experiencing record inflation when it is | Daily Mail Online I would agree with you that smart spending is a good investment but there is a lot of money earmarked for foolish things in those spending bills. To be fair to Biden, this sort of thing is not unique to him alone, woke governments all over the world do the same thing. 9 Crazy Examples of Unrelated Waste and Partisan Spending in Biden’s $2 Trillion ‘Infrastructure’ Proposal - Foundation for Economic Education (fee.org) Quote Link to comment Share on other sites More sharing options...
reason10 Posted December 31, 2022 Report Share Posted December 31, 2022 16 hours ago, robosmith said: You must be very dumb to not understand how investment can increase EFFICIANCY, and greater efficiency LOWERS COSTS. You REALLY are stupid. Government spending is NOT investment. It is SPENDING, most of which buys votes from stupid voters. And when the money market is FLOODED with more dollars (meaning more have to be printed by the Fed) and the supply chain is still in crisis, that winds up TOO MANY DOLLARS CHASING TOO FEW GOODS. It's called INFLATION, manure for brains. Unelected Joe is RESPONSIBLE for American INFLATION, because of his SPENDING and supply chain crisis. (We didn't have this with LEGALLY ELECTED PRESIDENT TRUMP, you imbecile.) https://www.foxnews.com/media/congress-1-7-trillion-spending-bill-includes-millions-gender-equity-climate-initiatives Quote The bill includes $200 million for a "Gender Equity and Equality Action Fund," which will be used to promote "gender programs in Pakistan," Investment? Quote "The omnibus bill will funnel MILLIONS of taxpayer dollars to LGBT groups peddling radical gender ideology - many of those $$$ will go to orgs that target YOUTH You won’t believe how ridiculous some of these earmarks are," Rep. Chip Roy tweeted. Investment in homos? Quote More than $2 million is included to fund a "facility infrastructure upgrade" at the National Great Blacks In Wax Museum, Inc. in Baltimore, $750,000 is set aside for "Transitional Housing and Services for LGBT and Gender Non-Conforming" in Albany, New York, $1.5 million for the LOFT or "The Lesbian and Gay Community Services Center Inc.," in New York, $750,000 for the acquisition of a building to create the Brooklyn Center for Social Justice, Entrepreneurship and the Arts and $1 million for Zora's House in Columbus, Ohio, which describes itself as a "non-profit coworking and community space built by and for women and gender expansive people of color." Tell us AGAIN, how this useless pork barrel WELFARE spending somehow makes ANYTHING efficient? Better yet, JUST SHUT THE PLUCK UP. You're too stupid to respond. Quote Link to comment Share on other sites More sharing options...
West Posted December 31, 2022 Author Report Share Posted December 31, 2022 10 hours ago, robosmith said: NOT if it increases EFFICIENCY; your simplistic "understanding" not withstanding. That is PROFIT on a good INVESTMENT. You dummycrats are so frustrating to discuss anything with because you are so gullible. Quote Link to comment Share on other sites More sharing options...
West Posted December 31, 2022 Author Report Share Posted December 31, 2022 10 hours ago, robosmith said: Just cause FOX tells you ^these fairy tales does not make them true. It is 100% true. Cranking up interest rates and flooding the market with BORROWED government money only drives the wealth gap. Who do you think benefits? People who they are BORROWING from.. ? Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 7 hours ago, ironstone said: The way you're describing things, it's the best time ever right now under the Biden administration. You are an optimist, I'll give you that. Joe Biden Cheers Historic Year: Record Crime, Record Inflation, Record Illegal Immigration, Record Gas Prices, Worst Stock/Bond/Equity Losses Since 1871 (thegatewaypundit.com) Biden Denies Massive Spending Fueled Record Inflation: ‘The Idea Is Bizarre’ (yahoo.com) President Biden says the US is NOT experiencing record inflation when it is | Daily Mail Online I would agree with you that smart spending is a good investment but there is a lot of money earmarked for foolish things in those spending bills. To be fair to Biden, this sort of thing is not unique to him alone, woke governments all over the world do the same thing. 9 Crazy Examples of Unrelated Waste and Partisan Spending in Biden’s $2 Trillion ‘Infrastructure’ Proposal - Foundation for Economic Education (fee.org) So to prove your point you post an OBSOLETE story about a bill that never passed? My claims are entirely predicated on *IF* the money is spent to increase EFFICIENCY as CLAIMED. Granted it is likely NOT ALL of it will be, but probably the vast majority WILL. Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 4 hours ago, reason10 said: You REALLY are stupid. Government spending is NOT investment. It is SPENDING, most of which buys votes from stupid voters. IT IS YOU who is TOO STUPID to understand that it DEPENDS on HOW the money is spent. But you just can't resist PARROTING right wing LIES. Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 4 hours ago, West said: You dummycrats are so frustrating to discuss anything with because you are so gullible. IT'S YOU who NEVER provides evidence for YOUR BELIEFS. Quote Link to comment Share on other sites More sharing options...
West Posted December 31, 2022 Author Report Share Posted December 31, 2022 Just now, robosmith said: IT'S YOU who NEVER provides evidence for YOUR BELIEFS. The evidence is in plain sight. Take the jump and open your mind to the possibility you've been conned, sista Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 4 hours ago, West said: It is 100% true. Cranking up interest rates and flooding the market with BORROWED government money only drives the wealth gap. Who do you think benefits? People who they are BORROWING from.. ? You don't even know WHY interest rates are rising. LMAO. ㊙️ It's to fight INFLATION which is due to a very STRONG ECONOMY. Quote Link to comment Share on other sites More sharing options...
West Posted December 31, 2022 Author Report Share Posted December 31, 2022 Just now, robosmith said: You don't even know WHY interest rates are rising. LMAO. ㊙️ It's to fight INFLATION which is due to a very STRONG ECONOMY. Borrowing a bunch of money is an odd way to fight inflation ? Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 Just now, West said: The evidence is in plain sight. Take the jump and open your mind to the possibility you've been conned, sista YOU NEVER POST EVIDENCE, but now you're FANTACISING that YOUR CLAIMS are OBVIOUS. Ok, Alice. Wish I had your magic looking glass. LMAO Quote Link to comment Share on other sites More sharing options...
robosmith Posted December 31, 2022 Report Share Posted December 31, 2022 1 minute ago, West said: Borrowing a bunch of money is an odd way to fight inflation ? The post is about INTEREST RATES. Thanks for demonstrating your inability to read. Quote Link to comment Share on other sites More sharing options...
West Posted January 1, 2023 Author Report Share Posted January 1, 2023 3 hours ago, robosmith said: YOU NEVER POST EVIDENCE, but now you're FANTACISING that YOUR CLAIMS are OBVIOUS. Ok, Alice. Wish I had your magic looking glass. LMAO They are obvious.. three years of printing money. You don't seem to understand why inflation is high and attribute it to the rich lol Quote Link to comment Share on other sites More sharing options...
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