The Biden Economy

[whell]

Originally Posted by bobabode

smh...

Hear that rattling noise? Not good.

[finnbow]

Originally Posted by whell

When I make such comparisons for "illustrative purposes" you tell me I'm wrong for doing so.

Well, you are dead wrong in nearly every post you make on economic matters. Besides your fealty to discredited supply-side dogma, your belief that holding the country's credit-worthiness hostage to the bad-faith MAGA clowns in the House is laughingly stupid.

Also, in the post quoted above, you suggest that the government owns the EM spectrum. It regulates the spectrum in the public interest but cannot claim the spectrum as an asset.

They've been auctioning off the EM spectrum since 1994. It's pretty hard to auction off something you don't own.

Now, why don't you head over to your "Fake News" thread and defend Fox News after the revelations that they deliberately lied to their audience for months because they were fearful of losing wingnut viewers to NewsMax and wanted to fire a reporter for having the audacity to tell the truth.

[Dondilion]

https://fortune.com/2023/02/17/top-e...crush-economy/

Mohamed El-Erian: Fed won't be able to get inflation down to 2% without crushing the economy.

[donquixote99]

A price they may be willing to pay.

[nailer]

Originally Posted by finnbow

Indeed. The GOP is all about messaging, not policy/actions:

They claim to be budget hawks while trashing the budget.

They claim to be for free speech, but ban books.

They claim to be for law and order, but whine like babies when Republicans are prosecuted for crimes.

They claim to Back the Blue, but excuse brutalizing Capitol Police

They praise the Constitution and then attempt to overthrow the government.

The believe in freedom of religion, but only for Evangelicals.

They believe in democracy while suppressing the vote.

They believe in freedom of the press, but only for wingnut propagandists.

And this state of affairs was brought to us by Tricky Dick Nixon and Teflon Ronnie Reagan.

As a former Republican, did you vote for either of these two scoundrels?

[nailer]

Originally Posted by Rajoo

-$1.5T from the Middle Class tax cuts.

Perhaps the Covid bailout funds would have been better managed considering both '08 TARP and '18 CARES act was grossly mismanaged (large amounts of money simply disappeared).

What was the impact on the economy of these tax cuts as to the deficit? Certainly not $1.5T given the economic stimulus generating more tax revenue. Could have been a deficit reduction that was buried in the overall deficit increase.

Perhaps things might have been mismanaged more under a Clinton administration, maybe not. What proof is there regarding these missing billions? A GAO report would be a nice reference point.

[Dondilion]

Originally Posted by donquixote99

A price they may be willing to pay.

Maybe not. The floating argument is that 4% is a reasonable target but because of credibility concerns cannot be openly admitted.

The curious history of the Federal Reserve's 2% inflation targeting.
https://cnbc.com/2023/02/20/the-fede...explained.html

[nailer]

Originally Posted by Dondilion

Maybe not. The floating argument is that 4% is a reasonable target but because of credibility concerns cannot be openly admitted.

The curious history of the Federal Reserve's 2% inflation targeting.
https://cnbc.com/2023/02/20/the-fede...explained.html

The Fed in its infinite wisdom does not want to overly disturb/upset the great unwashed.

[whell]

Originally Posted by finnbow

Well, you are dead wrong in nearly every post you make on economic matters. Besides your fealty to discredited supply-side dogma, your belief that holding the country's credit-worthiness hostage to the bad-faith MAGA clowns in the House is laughingly stupid.

Your broken record posts are laughingly stupid.

Originally Posted by finnbow

They've been auctioning off the EM spectrum since 1994. It's pretty hard to auction off something you don't own.

Swing and a miss! The government doesn't "auction off the EM spectrum". Respective agencies auction off permits or licenses. Such permits/licenses:

1) Must be periodically renewed
2) Require that the owner of the permit/license use the spectrum to serve the public interest.
3) The government can revoke such licenses and permits, taking back control of that portion of the spectrum for re-allocation/re-auction.

A similar idea that no one owns Lake Michigan, but I might still need a fishing license to fishing on the lake.

Originally Posted by finnbow

Now, why don't you head over to your "Fake News" thread and defend Fox News after the revelations that they deliberately lied to their audience for months because they were fearful of losing wingnut viewers to NewsMax and wanted to fire a reporter for having the audacity to tell the truth.

I can if you want, but it's not a subject I care much about. I don't accept everything published on Fox News as gospel. Contrast that to your slavish devotion to WaPo, which spent years dissembling to their readers about Russian collusion, which you and yours still believe in.

[donquixote99]

You know, I predicted that last part, whell's response to the extreme embarrassment lately of Fox news, almost exactly. Nearly posted a message saying so. It was:
1. I never always believed Fox.
2. Your side does it too.
3.Insult