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Sat Dec 11, 2021, 08:48 AM

Covering the "why" inflation is happening.

I was watching the NBC Nightly News last night, and the lead story was about inflation (Is it just me or do they do a segement EVERY night about inflation?). Not ONCE did they explain WHY inflation is happening other than to give a platform to Mitch McConnell to ream the Deomcrats. I'm sure some of this is related to supply chain issues or its somwhat complicated to cover in a two-minute package. Same thing on my local news last night which was even WORSE! Just "inflation" is up with graphics with double digit increases.

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Reply Covering the "why" inflation is happening. (Original post)
NCDem47 Dec 2021 OP
Buckeye_Democrat Dec 2021 #1
GoCubsGo Dec 2021 #2
abqtommy Dec 2021 #3
David__77 Dec 2021 #4
Takket Dec 2021 #5
G53 Dec 2021 #6

Response to NCDem47 (Original post)

Sat Dec 11, 2021, 08:56 AM

1. Inflation is one of the biggest worries among right-wingers...

... because it diminishes the real value of accumulated wealth among their property-class of constituents.

It can be a problem for everyone else too, of course, but not so much if their wages (or retirement benefits) increase as well.

But inflation is still a bigger concern to people with millions of bucks, hoping to continue using that wealth to earn more money instead of actually working for it.

The Thurston Howells of the world don't want the professor to create a money-printing machine on Gilligan's Island, or he might not get to comfortably lean back and sip through a straw from a coconut cup while the peons there actually work.

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Response to NCDem47 (Original post)

Sat Dec 11, 2021, 08:57 AM

2. They were at it again this morning.

Nothing but hair-on-fire bullshit. No mention of the corporate gouging that's a large part of the cause of it. I turned it off. Won't be turning them back on again.

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Response to NCDem47 (Original post)

Sat Dec 11, 2021, 10:05 AM

3. Short answer: reTHUG Fascist administrations always leave a financial mess. Democratic

administrations always clean it up.

Long answer: Never elect or allow a reTHUG administration to come into power. Ever.
Again.

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Response to NCDem47 (Original post)

Sat Dec 11, 2021, 12:51 PM

4. The media didn't give a shit about high housing increases.

In that case, itís a shrug of the shoulders. On the other hand, hit the value of accumulated wealth and youíve touched a nerve.

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Response to NCDem47 (Original post)

Sat Dec 11, 2021, 12:54 PM

5. does anyone remember all the stories done about how much costs went up when drumpf

put tariffs on everything?

Me either.

Not a single piece about cost increases. Oh they did plenty of pieces about tariffs being imposed, but nothing telling consumers that their TV went up $20 or their grocery bill 5%. Nothing.

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Response to NCDem47 (Original post)

Sat Dec 11, 2021, 12:59 PM

6. Inflation is easy to fix

Inflation is caused wages increasing and the increased cost of labor being passed on to the consumer by increasing prices on the product. Itís important to remember that money is created through debt. ďMoney printingĒ by the fed that the right likes to blame inflation on isnít accurate. They are printing money to purchase debt, which people and companies keep creating because interest rates are near zero. Itís generally the lower earners, not the millionaires, that are hurt by inflation. Wages have increased but have not kept pace with inflation, meaning the average middle and lower class person is poorer today than a year ago despite earning more money. Also, Trumpís stimulus checks got spent on products that the wealthy own who in turn invested that money in the stock market and real estate, both of which have had record gains, leading to the greatest transfer of wealth from the lower classes to the upper classes in history. The thing the political class does not want to admit is that quality of life in the US peaked in the 1960s and future generations will continue to live worse lives than their parents and grandparents. There is simply no way to return to a post world war era where the factories of Europe and Asia had all been bombed and the US was the only one producing anything, plus 100m workers had just died, leading to a labor shortage where the worker could demand higher wages and working conditions. Now, the company can just ship jobs to countries that have a surplus of labor and more relaxed ethics. The sooner people accept this, the better. If worker want to transfer wealth back from the millionaires, they need to stop consuming needlessly. Now, inflation is actually very easy to fix. You simply increase the interest rates. This means less people will borrow money, leading to less debt and less money being created. It will crash the stock market and house prices, which is why they wonít do it. The boomers are simply too used to seeing their 401k and house price continue to go up forever.

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