Dang, you slipped in quietly. Your question is answered in post 479 on Bidenflation. Let me know after reading if you don't find your answer.
Disagree. You clearly have reading comprehension problems. A link with content answered that actions taken by Biden would filter through to every segment of the economy, inflation. It's your turn to pony up. I'm done with this line of questioning. Your questions that are demands are unacceptable. You have no right to continually ask without providing a thoughtful exchange of ideas.
EDIT 1. cutting off exports of gas and oil was incorrect. The exports were reduced and restricted to 2021. 2. The US in 5 spending packages has provided Ukraine $175 Billion in aid. How Much U.S. Aid Is Going to Ukraine? | Council on Foreign Relations (cfr.org) So long as the war continues, that number will continue to grow.
So your argument is that spending from Biden in 2021 is inflationary in 2024 (leading to higher housing an gas prices) but spending in 2020 was only inflationary for a short period of time? Let's assume that argument is true, it is strange that we are seeing declines in prices for commodities other than food and energy. If inflation is primarily driven by government purchases and customer purchases fueled by government transfers to customers and businesses, we would certainly expect an increase in prices for commodities other than food and energy. And yet, prices are currently decreasing in those markets.
And again, you fail to answer a simple question. I guess the ignorance is 100% willful, then. Which is the worst form of stupidity. You honestly think that all the inflation the US experienced is Biden's fault, and there is zero connective tissue between the inflation in the US and the inflation experienced around the world at the exact same time? A simple YES, it's all Biden's fault, or a simple NO, there is some connective tissue would be nice.
Okay, post 479. A summary: Covid spending was supposed to keep households solvent, but resulted in personal savings increasing. Biden says inflation was temporary, and the Fed should do whatever is necessary to support a strong recover. He also invests in infrastructure and better care for people who need it, which will reduce future inflationary pressures. According to the poster, the Rescue Plan in 2021 was not needed because Americans were doing fine. The 2022 Inflation Reduction Act had no chance to reduce inflation. The 2021 Infrastructure Investment & Jobs Act, I actually don't know what the poster meant here either. "Replace investment with spending to get to what the act accomplished", just that the act spent money? I'm not sure what the poster thinks investment is if they don't recognize that on the other side of investment is spending. One person's investment is another person's spending. They are two sides of the same coin. Otherwise it would be hiding money under your mattress, not investing. Okay, so the spending by the federal government poured gasoline on the covid 19 inflation. Bidenflation is the inflation that took place after 2021? Now we get to Biden's climate war, the Forbes article tells us that affordable supplies of oil and gas will shrink, but it will take two years to see it happen. Prices of energy, which were at their lowest during Trump's administration, will rise because of Biden's actions. [energy prices stayed on their 2008-2022 trajectory up until Russia invaded Ukraine] The poster asks why Biden isn't touting that oil production has gone up under his administration, and then explains that Biden doesn't want to admit his policies have been a failure, and doesn't want to reveal this "to his lunatic climate change voters". A couple of links to lists of regulations, with the claim that these regulations are adding to inflation. I didn't see anything in there about a secretly kept action.
Seems Poster believes deflection is an actual answer most times. Keep digging. It is telling that Poster refuses to answer logical questions to clarify his opinions and then chooses instead to play attack the questioner as above.
I can't believe anyone would honestly admit to be that ignorant as to believe, in a global economy, during the end of a global pandemic, what effects the rest of the globe has zero effect on the US? Care to explain how the US was completely unaffected by the global inflation? And how, in compared to all industrialized countries that don't artificially hold inflation down like China and Japan, the US actually fared better than the rest of the world for the most part? Or, I'm am going to get more derp derp derp Trump rulz and Biden is the blame for all the ails in the world!!!!
Short answer although the answer was there: Biden turned his entire government onto a war footing in his first week in office to combat climate change. His most lunatic climate change voters think he is actually putting the fossil fuel industry out of business which he didn't do including increased production on his watch without advertising it. Biden has been Trump Lite but lies about it. That's why it is secretly kept action, his voters would roast him on an open fire if they figured this out.
Biden never intended to end oil production or use during his first term. Or even a second term, should he win. But what Biden did do is reach a 2025 goal of permitting 25 gigawatts of clean energy projects before 2025. There's also the goal of 2035 of being carbon free in our power production. Probably a stretch goal, but worth trying to attain. Not only would the energy be cleaner and better for the planet, it would help us get away from needing Middle East oil.
Start with a flawed premise and you get a flawed answer. You are in deep trouble claiming I said that. It was your democratic president, Jerome Powell of the Fed, and others in Biden's Administration that whistled that tune. Give Jerome Powell a little credit, he finally admitted the Biden spending was inflationary, should be curtailed, and then proceeded to increase rates 11 times. Money supply should have been going down, not up. A few links on inflation: Why House Prices Skyrocket And Why The New Biden Housing Plan Won’t Work (forbes.com) Data Visualization | The Biden Inflation Tracker | The Heritage Foundation Inflation: How much prices for important goods and services have risen under Biden (msn.com) Home Prices Come Into Focus as Key Issue in the 2024 Election (realtor.com)
Bottom line: Biden's woke climate change agenda combined with his spending didn't produce the results expected. The American people have been hurt. It's the voter's turn to correct the mistake of having Biden win in the last election. He went for the whole enchilada right out of the gate when it should have been a slower and longer race. It's too much of a good thing gone bad.
So you didn't claim that the spending in 2020 only caused inflation for a short time (you attributed it only to Q1 2021) but are still trying to attribute inflation in 2024 to spending in 2021? BTW, who appointed Jerome Powell?
Biden beat a green energy goal by 7 months and has a longer term vision goal for 2035, but it didn't produce the results as expected? By what measure? Beating the green energy goal by 7 months and not 8 months? And last I looked, 2035 is still over a decade away! How the eff can you measure the success of that goal today? Ignorant and myopic.
All NGOs should be investigated? Literally all NGOs? Do you know what an NGO is? You just called for the investigation of literally every organization that isn't the government. BTW, I doubt you know a single thing about the political system in Guatemala and the role that the AG there has played in attempted to maintain a corrupt, drug-funded government in power.
They're all political financial fronts for the dirty politicians. Don't worry, there's now software than can do it at the speed of cyber-space.
Yes, every voluntary association, charity, and non-profit in the world not started by a government is corrupt. You know who isn't? The AG of Guatemala. Okay then.
Let's just say too many of them have ulterior motives and have financial leanings in politics. One in particular have a huge role in the gain of function in the bat virus and turned it into a disease that can kill humans. There are literally hundreds of these NGOs started by just a few individuals (Soros) and other related entities.
