Drain The Swamp II

[Alan Roehrich]

Originally Posted by Eddies66

I have no problem with businesses making a profit. But when that profit affects inflation because every form of transportation used petroleum. Of coarse that cost of fuel impacts every family and the supply chain. I am less impacted by it because I am no longer commuting, store I use is less than two blocks away. Medical is two miles from the house.

Talk to your boy Beijing Joe. When he took office, gas here went from $1.89 a gallon of regular to $3.29 for a gallon of regular. In under 6 months, strictly on the basis of Biden's energy policy, when he started on the first day by killing the Keystone pipeline, at the stroke of a pen, by executive fiat, putting thousands out of work in the process.Inflation is purely a product of government policy, mostly spending and debt. Inflation under Trump was around 3%. Even now, Biden refuses to accept ANY cuts in government spending, with inflation at near record levels. Not sure how anyone with a brain can believe that we need 87,000 new IRS agents. Not seeing how we need 2-3 IRS agents for every millionaire and billionaire. Between their spending and energy policies, it's the democrats driving fuel prices up, and running inflation to record levels. Jacking the prime interest rate through the Fed has predictably caused a serious credit crunch. There's your recession.


You are right about one thing. It was Hoover signing the Smoot Hawley tariffs that started the recession before World War II. But it was FDR that drove the nation further into economic failure, with massive government spending, and enacting a ponzi scheme, only rescued by a cataclysmic World War.


However, in the seventies it was the spending of a democrat congress, worsened by Jimmy Carter. In the nineties, more government spending, another democratic congress, although Bush Sr. was stupid enough to agree to tax hikes, never getting the promised spending cuts. In 2007-2008, the crisis was sub prime lending, forced by the democrats and their demands that banks write loans to borrowers who were terrible risks.


That's a pretty impressive pair of seriously dark tinted rose colored glasses you have there.