Official LRC President Joseph R Biden Thread

Flagpole wrote:

Sally Vix wrote:

When will the positive effects of the Inflation "Reduction" Act kick in .... 2030?

Here's how you know I'm not just a team player (and that should be very obvious by now to anyone with even a quarter of a brain)...The Inflation Reduction Act is one of the dumbest-named acts ever. It really isn't geared toward doing that, and no Act would have that power anyway.

It's not a bad marketing trick (but still lame), because inflation IS going to drop. We are primed for that to happen and The Fed is going to continue to raise rates to try to force it. The passing of the Act and all of this anti-inflationary pressure happening at the same time is most coincidental, and nothing in the Act has any real effect on inflation.

The inflation we have in 2022 is due to the outrageous growth in 2021 that was the result of pent-up demand coming out of the raging part of the pandemic. Joe Biden and his policies didn't create the inflation (no, not even the rescue money), and Joe Biden and his policies aren't going to lessen the inflation.

We've seen inflation drop 3 months in a row from 9.1% to 8.5% to 8.3% with the last one considered to be "not dropping as much as expected." Now, if you can take off your Trumper hat for just a second, while that's potentially not good for Biden, it really means that there are expectations of dropping inflation (expectations due to current circumstances, not any Biden policies), and those expectations are continuing.

So, to get to your snarky question, no we don't have to wait until 2030 for inflation to start to drop. We are seeing that RIGHT NOW, and the reason is situational and has nothing to do with the Act in question.

Will inflation just continue to drop now? Well, a drive to the norm is always a thing. When inflation is "high" it is so because it is different (higher) than the norm. Assuming no outrageous event (Russia nukes Ukraine for example) yes, inflation will continue to drop. I know that most of you Trumpers just imagine that bad things happen when a Democrat is in the White House, but the President has next to nothing to do with how things go economically.

Anyway, class over for now.

joedlrrtty wrote:

Flagpole wrote:

Here's how you know I'm not just a team player (and that should be very obvious by now to anyone with even a quarter of a brain)...The Inflation Reduction Act is one of the dumbest-named acts ever. It really isn't geared toward doing that, and no Act would have that power anyway.

It's not a bad marketing trick (but still lame), because inflation IS going to drop. We are primed for that to happen and The Fed is going to continue to raise rates to try to force it. The passing of the Act and all of this anti-inflationary pressure happening at the same time is most coincidental, and nothing in the Act has any real effect on inflation.

The inflation we have in 2022 is due to the outrageous growth in 2021 that was the result of pent-up demand coming out of the raging part of the pandemic. Joe Biden and his policies didn't create the inflation (no, not even the rescue money), and Joe Biden and his policies aren't going to lessen the inflation.

We've seen inflation drop 3 months in a row from 9.1% to 8.5% to 8.3% with the last one considered to be "not dropping as much as expected." Now, if you can take off your Trumper hat for just a second, while that's potentially not good for Biden, it really means that there are expectations of dropping inflation (expectations due to current circumstances, not any Biden policies), and those expectations are continuing.

So, to get to your snarky question, no we don't have to wait until 2030 for inflation to start to drop. We are seeing that RIGHT NOW, and the reason is situational and has nothing to do with the Act in question.

Will inflation just continue to drop now? Well, a drive to the norm is always a thing. When inflation is "high" it is so because it is different (higher) than the norm. Assuming no outrageous event (Russia nukes Ukraine for example) yes, inflation will continue to drop. I know that most of you Trumpers just imagine that bad things happen when a Democrat is in the White House, but the President has next to nothing to do with how things go economically.

Anyway, class over for now.

Inflation will not continue to drop because we are just entering heating season and inflated natural gas and fuel oil prices will offset gasoline price drops to drive up the energy index (which will go away anyhow after the election once he turns off the valve on the SPR). Heating bills this winter are going to be brutal, and Biden's climate first, humans second policies are not doing anything to provide relief to that.

joedlrrtty wrote:

Flagpole wrote:

Here's how you know I'm not just a team player (and that should be very obvious by now to anyone with even a quarter of a brain)...The Inflation Reduction Act is one of the dumbest-named acts ever. It really isn't geared toward doing that, and no Act would have that power anyway.

It's not a bad marketing trick (but still lame), because inflation IS going to drop. We are primed for that to happen and The Fed is going to continue to raise rates to try to force it. The passing of the Act and all of this anti-inflationary pressure happening at the same time is most coincidental, and nothing in the Act has any real effect on inflation.

The inflation we have in 2022 is due to the outrageous growth in 2021 that was the result of pent-up demand coming out of the raging part of the pandemic. Joe Biden and his policies didn't create the inflation (no, not even the rescue money), and Joe Biden and his policies aren't going to lessen the inflation.

We've seen inflation drop 3 months in a row from 9.1% to 8.5% to 8.3% with the last one considered to be "not dropping as much as expected." Now, if you can take off your Trumper hat for just a second, while that's potentially not good for Biden, it really means that there are expectations of dropping inflation (expectations due to current circumstances, not any Biden policies), and those expectations are continuing.

So, to get to your snarky question, no we don't have to wait until 2030 for inflation to start to drop. We are seeing that RIGHT NOW, and the reason is situational and has nothing to do with the Act in question.

Will inflation just continue to drop now? Well, a drive to the norm is always a thing. When inflation is "high" it is so because it is different (higher) than the norm. Assuming no outrageous event (Russia nukes Ukraine for example) yes, inflation will continue to drop. I know that most of you Trumpers just imagine that bad things happen when a Democrat is in the White House, but the President has next to nothing to do with how things go economically.

Anyway, class over for now.

Inflation will not continue to drop because we are just entering heating season and inflated natural gas and fuel oil prices will offset gasoline price drops to drive up the energy index (which will go away anyhow after the election once he turns off the valve on the SPR). Heating bills this winter are going to be brutal, and Biden's climate first, humans second policies are not doing anything to provide relief to that.