Krystal Ball just schooled the fuck out of Bill Maher on inflation

[Swede]

Link to tweet

[Swede]

1. What did the Fed do in response to the COVID-19 crisis?

Lots of info on the Fed's response at this link.

https://www.brookings.edu/research/fed-response-to-covid19/

[underpants]

4. 👀 excellent article. Thanks. Nt

[Claustrum]

2. Exactly. I said it in the beginning of the inflation problem

that TFG administration poured so much money to keep the stock market from crashing and people pretend that isn't part of the inflation problem.

And people forgot the stock market crashed 10,000 points within a week and we closed the stock market under TFG because it dropped too much on a single day (circuit breaker), selective memory at work right there.

Here is wiki about the 2020 crash that republicans or Libertarians alike seem to forget about:
https://en.wikipedia.org/wiki/2020_stock_market_crash

[Swede]

8. Ball was the only one that remembered this.

Link to tweet

?s=20&t=DuODo_HRsbn_GkFlW-Iq1A

[Claustrum]

11. It actually triggered the circuit breaker 3 times in March 2020 under TFG.

The only reason the stock market recovered is because of the trillion dollars that TFG poured into the stock market using OMG the all evil "government spending".

[underpants]

3. Maher was picking at words to slow her down.

She brought up a great point and, at least in this clip, didn’t mention food and oil companies gouging that’s still going on.

[LuckyCharms]

5. K&R. n/t

[In It to Win It]

6. I saw this episode. I hated that they were regurgitating talking points

Yes, the stock market was crashing. It was swinging up and down about 2000-3000 points a day. They kept having circuit breakers. That was the time to get stocks for cheap and make the greatest trades ever.

Inflation is not only contributed to government spending and the government pumping too much money... but ok whatever. An out of whack supply chain and the shortages it created also helped.

I never knew who James Kirchick was but I found out he was a conservative so that explains why he was spewing the Fox News talking points.

[Claustrum]

7. No one on our side is saying that's the only problem.

It's the republicans blaming it all on government spending, while a large part of the spending was also done during TFG era.

[uponit7771]

18. +1

[GoodRaisin]

9. Maher has a short memory

She filled in his blanks. Very embarrassing for Maher, to forget this.

[Claustrum]

12. It's because the MSM like to pretend it never happened.

None of my republican or Libertarian friends remember it. All of them react the same way Maher did. "When did it happen and what trillions of dollars are you talking about?"

[GoodRaisin]

14. Yet they were all screaming about their retirements for a few days

before the “magic rebound”. They were ready to jump off the nearest bridge and two short years later can’t remember.

[uponit7771]

17. I thought he was gas lighting

[In It to Win It]

19. They both were gaslighting

[Claustrum]

20. From the looks of it, Maher still doesn't believe a word CB said.

He will continue to blame it fully on democrats without doing any research about what happened to the stock market in 2020 and the trillions of dollars poured into it.

[uponit7771]

21. He has his MAGA talking points and repeats them

[DemocratSinceBirth]

10. The stimuluses only added a point or two to inflation.

There's a lot of other things going on.

[uponit7771]

16. RIGHT !!

[DemocratSinceBirth]

22. Those checks have already been spent but the inflation still persists.

[uponit7771]

23. Yep and the lion share of inflation is not organic especially stripping gas prices

[JudyM]

13. K&R for her crisply holding her voice to make this point while being interrupted continuously.

[uponit7771]

15. Only MAGA can be this fundamentally uninformed as Maher on this subject. CB to s 100% right !!! Feds

... bought bonds OPENLY !!!!

[UTUSN]

24. Well, she certainly confused the heck of me.

She's never been on my radar, just heard her name as a guest here and there, never stayed to hear her, just thought her name was too precious.

So not knowing her leanings, I was put off by her repeating (plowing through verbally) that prosecuting Drumpf "won't solve the core problem". Only after the show did I see clips of her being labeled as the "Liberal" and the guy as the wingnut.

Overall it was like last week when Mrs CONWAY plowed through without answering direct questions, zeroing in on plugging her book.

[In It to Win It]

25. Based on what I've seen of Krystal Ball

She doesn't seem to be a DU favorite for her criticism of the Democratic Party.

She leans left. She's a progressive. From what I know, she's of her Bernie Sander's variety. She's extremely critical of the Party when there is compromise on progressive issues. She's of the "no compromise" and "nothing less" side of the Party. She wants Medicare-for-all and nothing less, universal pre-K and nothing less, etc.

[CTyankee]

26. Don't even get me started on Conway.

Remember how she went on Morning Joe and proclaimed "alternative facts" about Trump's LIES. Mika, to her everlasting credit, promptly BANNED her from the show, period, the end.

[uponit7771]

27. CB is 100% right, feds put trillions into corp bonds that propped equities but 1% lovers or those

.. who don't know they repeat their screeds aren't claiming the feds move on corp bonds as a reason for inflation.

It's maddening, stimulus checks might be 2 - 4% of the whole problem but feds buying corp bonds ... nah, that didn't do anything

[emulatorloo]

28. Ball constantly trashes Democrats. She's a self proclaimed progressive. Not suprised she wants

Trump to avoid consequences. Seeing praise about Trump lately on ‘left twitter’, Bernie’s former 2020 press secretary among those.

[superpatriotman]

29. I thought her appearance was highly annoying

Is she like this all the time?

[misanthrope]

30. Sweet

I recall this from Friday night and how much I liked it. "But oh my God, people were able to feed their kids and they had a little bit of money in their bank account." It's another form of what we've seen in the two years since, the complaints that "no one wants to work" or that "people would rather just stay home and live off the government" long after the COVID-19 benefits had ceased. America is terrified of wage slave emancipation because misery is the lubricant needed for the gears of American capitalism to turn.

These are the same class warfare tactics that have been utilized against the middle and lower classes in this nation for centuries, where we become the cause of every problem, the target of every blame.

It also shows Maher's blind spots and tendencies toward broad brush perspectives. The fact he can't recall the market crash and Fed response is pretty damnable for someone whose forte is this format and these topics.