President Biden's first term in office

[Heathen Hammer]

No, but it is what capitalism is for.

Forcing taxpayers to subsidize wealth of billionaires and corporations has nothing to do with capitalism. In capitalism, you let free market do the work, and if major corporation or a big bank fails, then so be it, its owners should have done better.
If anything, the current system is resembling a disgusting fusion of bolshevism and oligarchy, where corporate elites merge into one monstrosity that taxpayer is forced to foot the bill for, bypassing both free market and even basic democratic institutions.
So no, capitalism isn't the problem, American elites are a problem as well as archaic and obsolete federal reserve and fiat monetary system.

[Pontifex Maximus]

Joetato announced that inflation is 0% as of July. Despite being wrong in every metric conceivable his media lapdogs refuse to "fact check" him. Just another reminder that not only does the Banana Republic Biden regime lie constantly, but the Biden Banana Republic Joetato Media will constantly run cover for him.

[PointOfViewGun]

Joetato announced that inflation is 0% as of July. Despite being wrong in every metric conceivable his media lapdogs refuse to "fact check" him. Just another reminder that not only does the Banana Republic Biden regime lie constantly, but the Biden Banana Republic Joetato Media will constantly run cover for him.

From the Bureau of Labor Statistics the June to July inflation was 0. How does one cover up such a number?

[Coughdrop addict]

From the Bureau of Labor Statistics the June to July inflation was 0. How does one cover up such a number?

You can tell it's true because it makes the right seething mad and start up with childish name-calling again. They were really, really hoping for a recession.

Another interesting thing his post illustrates is the right's hatred of fact checkers. Understandable, as the Republican Party relies on keeping their voters angry and stupid so they are easier to control. Anyone who tells the truth and provides sources (which inevitably show that the Republicans are lying) is a big threat to them.

[Cyclops]

From the Bureau of Labor Statistics the June to July inflation was 0. How does one cover up such a number?

Corruption is when the state. Freedom is when Billionaires.

[Lord Thesaurian]

Annual inflation is at 8.5%, in part due to Biden’s policies.

Countries around the world are struggling with inflation due to pandemic disruptions, but the Biden stimulus made the US’s inflation problem more severe, to at least some extent. “I think we can say with certainty that we would have less inflation and fewer problems that we need to solve right now if the American Rescue Plan had been optimally sized,” said Wendy Edelberg, a senior fellow in economic studies at the Brookings Institution.

That is: The US did a lot more stimulus than these other countries, and now it’s seeing a lot more core inflation. And the stimulus that most stands out is Biden’s $1.9 trillion American Rescue Plan — because it was enacted after more than $3 trillion had already been spent to stimulate the economy under Trump, with one big chunk of that being approved just three months prior.

“We put gasoline on the fire. That’s basically what the ARP did. It was almost written as if we didn’t just pass a trillion-dollar stimulus in December,” said Goldwein.

https://www.vox.com/23036340/biden-a...plan-inflation

Seeing the media bend over backwards to defend Biden’s deliberately misleading use of statistics is almost as funny as how gas prices going up was Putin’s fault because there’s nothing Biden can do about gas prices, but going down is definitely Biden’s fault because he’s a hero. Politics as usual.

[PointOfViewGun]

Annual inflation is at 8.5%, in part due to Biden’s policies.

Seeing the media bend over backwards to defend Biden’s deliberately misleading use of statistics is almost as funny as how gas prices going up was Putin’s fault because there’s nothing Biden can do about gas prices, but going down is definitely Biden’s fault because he’s a hero. Politics as usual.

It's not a misleading use of statistics at all. Month to month inflation trends is quite an important indicator. What's even better is that the producer price index is at negative 0.5 percent for the same period. Talking about the direction of the economy these are quite important indicators.

By the way, completely different individuals can have differing viewpoints. Media doesn't have a hive mind. However, the same people blaming Biden for the rising gas prices are quite silent on when those prices fall under Biden.

[Lord Thesaurian]

It's not a misleading use of statistics at all.

It is, for the same reason as gas prices.

Talking about the direction of the economy these are quite important indicators.

Like this one?

Higher Inflation Is Here to Stay for Years, Economists Forecast

“We’re in a transitional phase right now,” said Joel Naroff, chief economist at Naroff Economics LLC. “We are transitioning to a higher period of inflation and interest rates than we’ve had over the last 20 years.”

https://www.wsj.com/articles/higher-...st-11626008400

By the way, completely different individuals can have differing viewpoints. Media doesn't have a hive mind.

Biden deflecting all responsibility when gas prices rise and claiming it all when they fall has nothing to do with whatever you’re talking about.

However, the same people blaming Biden for the rising gas prices are quite silent on when those prices fall under Biden.

Like who?

[PointOfViewGun]

It is, for the same reason as gas prices.
Like this one?

This is not an argument. Do you have a rationale for why it is misleading or not?

Biden deflecting all responsibility when gas prices rise and claiming it all when they fall has nothing to do with whatever you’re talking about.

I agree. That's why I didn't bring it up. You did. I merely pointed out the apparent hypocrisy revolving around its treatment.

[Lord Thesaurian]

This is not an argument. Do you have a rationale for why it is misleading or not?

I agree. That's why I didn't bring it up. You did. I merely pointed out the apparent hypocrisy revolving around its treatment.

Biden’s deflection of any responsibility for higher inflation and gas prices since he took office while seizing on misleading statistics to claim credit for lowering them is self evident.

[PointOfViewGun]

Biden’s deflection of any responsibility for higher inflation and gas prices since he took office while seizing on misleading statistics to claim credit for lowering them is self evident.

You seem to get it backwards. We're not discussing a claim I made. We're discussing a claim you made. You claimed that pointing out that the inflation from June to July was 0 percent. Do you have any argument on why it is misleading whatsoever or not?

[Lord Thesaurian]

You seem to get it backwards. We're not discussing a claim I made. We're discussing a claim you made. You claimed that pointing out that the inflation from June to July was 0 percent. Do you have any argument on why it is misleading whatsoever or not?

As per post 2126: Annual inflation is at 8.5%, in part due to Biden’s policies, so it’s misleading for Biden to claim credit for lowering inflation based on a single monthly statistic while denying responsibility for previously rising and still record high inflation since he took office.

[chriscase]

Please remember to keep discussion as impersonal as possible.

[PointOfViewGun]

As per post 2126: Annual inflation is at 8.5%, in part due to Biden’s policies, so it’s misleading for Biden to claim credit for lowering inflation based on a single monthly statistic while denying responsibility for previously rising and still record high inflation since he took office.

That's not really a valid argument. You're not making sense there. Biden mentioning a good development doesn't mislead anyone. What policy of Biden caused inflation?

[Lord Thesaurian]

In the wake of the FBI's raid of former President Donald Trump's Mar-a-Lago home on Monday, a new poll showed that more than 80 percent of Republican respondents said it made them more motivated to vote in the 2022 election.

Among independent respondents, 53.9 percent said that Trump's enemies were responsible and 35.3 percent said that it was the impartial justice system.

https://www.newsweek.com/trump-raid-...-surge-1732932

Btfo

[Coughdrop addict]

No surprise there. These kinds of people don't have patriotism or principles and just want to see the 'other' get crushed. If Trump is actually proven to have sold nuclear secrets to Russia and tells them it's fine he did so, they will fall in line and agree with him.

[Pontifex Maximus]

No surprise there. These kinds of people don't have patriotism or principles and just want to see the 'other' get crushed. If Trump is actually proven to have sold nuclear secrets to Russia and tells them it's fine he did so, they will fall in line and agree with him.

54% of respondents disagree, BUT TRUMP!!!!

Spoiler Alert, click show to read: 

From the Bureau of Labor Statistics the June to July inflation was 0. How does one cover up such a number?

That isn't what Joetato said. So which is it, is Joetato demented and incapable of expressing a coherent thought and he totally pooched his speech, or is what he said correct? Is the inflation rate 0%?

[Coughdrop addict]

You still haven't offered any proof that the official numbers on inflation are false. Do you have any proof beyond you don't wish to see the country doing well?

[alhoon]

Forcing taxpayers to subsidize wealth of billionaires and corporations has nothing to do with capitalism. In capitalism, you let free market do the work,

I should have said: "In the current version of capitalism". However, the money from your taxes that actually go to subsidize the wealth of billionaires is not that much. Trillions are wasted on other things. The tax exemptions of the rich for the "trickle down economics" are a different bag from the subsidizing.

However, the inflation and the rising prices etc all have to do with the free market, not with subsidizing the rich. These are the result of capitalism. Corporate greed works hand in hand with capitalism.

If anything, the current system is resembling a disgusting fusion of bolshevism and oligarchy,

You forget that in a traditional free market as it was understood (free from government interference) you can have cartels, oligopolies and monopolies. The free market as in "free from oligopolies and cartels" can only happen with government interference. The current system is a meh (not disgusting) fusion of capitalism and oligarchy that still works well enough for other countries but it is getting out of hand in USA with growing income inequality.

Bolshevism... ???? What Bolshevism has to do with it? In Bolshevism, the workers hold the power. There are no elites or even bosses.

where corporate elites merge into one monstrosity that taxpayer is forced to foot the bill for, bypassing both free market and even basic democratic institutions. So no, capitalism isn't the problem, American elites are a problem as well as archaic and obsolete federal reserve and fiat monetary system.

Ah, yes. We mostly agree on that part. The tax payer foots the bill (through tax exemptions of the rich, not subsidizing).
What we disagree on is whether it is a monstrous fusion of Bolsevism and oligarchy or capitalism and oligarchy.
And we strongly disagree on how bad it is. It is bad, but not too bad.

And we disagree on something quite important:
You sound like the 1900-1920s Bolsheviks, with literally the same arguments and you pander the same thing: an armed and violent uprising to unseat them and return power to the people. You even want free guns for the people, like the Bolsheviks did.
You just erroneously change the word "Capitalism" with "communism", but dude, you are talking like a communist.

And as I reply to communists, I will inform you:
What you suggest has been tried and it didn't work. The solution is not the violent uprising of the proletariat and overthrowing the elites.
The solution lies in finding responsible and good governors through democratic principles... and that is hard to do, but better and easier than the Proletariat bringing kangaroo courts and looting estates of the rich.

[PointOfViewGun]

That isn't what Joetato said. So which is it, is Joetato demented and incapable of expressing a coherent thought and he totally pooched his speech, or is what he said correct? Is the inflation rate 0%?

Nope. He said specifically that as he was very explicit in his reference to the inflation for the month of July. The question is; why are you lying so much about such a basic fact?