1 year later one MSM admitted Summers is right. 1.9 T spending package indeed increased inflation

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1 year later one MSM admitted Summers is right. 1.9 T spending package indeed increased inflation

Author: Eli (8855 Posts - Original UHND Member)

Posted at 1:03 pm on May 15, 2024

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Link: https://www.bostonglobe.com/2022/04/14/business/larry-summers-was-right-inflation-lets-hope-his-recession-forecast-is-wrong/

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Replies to: "1 year later one MSM admitted Summers is right. 1.9 T spending package indeed increased inflation"

Here is how Biden admin's fiscal policies overstimulated the economy therefore increased inflation. [NT] - Eli - 12:38pm 5/15/24 (28) [View All]
- Everything he is doing is an election yr ploy, - cubsfanin16 - 4:32pm 5/15/24
  - This ^^^^^ [NT] - ColeyO - 5:11pm 5/15/24
- Note the organizations that supported JB's COVID rescue bill...including the SF Fed which noted its [LINK] - TyroneIrish - 3:08pm 5/15/24
  - Well, if CEOs of large corporations are in favor of it... [NT] - iairishcheeks - 6:02pm 5/15/24
  - Under this reasoning, Trump is off the hook for Covid response through March 6, 2020 - MarkHarman - 3:44pm 5/15/24
    - You continue to be one of the most reasoned, - ColeyO - 5:08pm 5/15/24
      - It's not much of a challenge, actually [NT] - MarkHarman - 8:50pm 5/15/24
    - I'm not alone as you can see...the U.S. Chamber of Commerce, for example...I'm comfortable with that - TyroneIrish - 3:58pm 5/15/24
  - It doesn't matter... it doesn't matter... it doesn't matter. Biden is in power... he gets the blame. [LINK] - Curly1918 - 3:30pm 5/15/24
    - Of course. Just don’t for a moment think it wouldn’t be the same if Orange had been reelected in - Frank L - 4:07pm 5/15/24
    - You know then that the trope of JB being responsible for inflation is bogus...why do you promote it? [NT] - TyroneIrish - 4:01pm 5/15/24
      - Laughable [NT] - ColeyO - 5:17pm 5/15/24
- Small business doesn't trust Biden. [NT] [LINK] - Hensou - 2:41pm 5/15/24
- Did those fiscal policies create inflation in every other major country too? - Chris94 - 2:23pm 5/15/24
  - Back to my idea of just giving everyone a million dollars. - iairishcheeks - 5:09pm 5/15/24
    - More expensive than you’d think… - TakethetrainKnute - 6:20pm 5/15/24
      - Goddammit, I always forget about that. [NT] - iairishcheeks - 6:48pm 5/15/24
  - Propaganda ministry, Chinese govt. [NT] - Frank L - 4:10pm 5/15/24
- Part 2. Inflation Reduction Act (IRA). I'm sure Tyrone has honor & conscience to finish this part. [NT] - Eli - 1:17pm 5/15/24
  - Aren’t these guys the “Pros”? [NT] - holybull101 - 2:08pm 5/15/24
- Part 1. On march 2021, $1.9 T stimulus package at a time when the U.S. economy was growing at 6.5% [NT] [LINK] - Eli - 12:40pm 5/15/24
  - NYT is shameful. It claimed then: Fear of inflation, not inflation is a threat to Amerian economy. [NT] [LINK] - Eli - 12:57pm 5/15/24
  - WaPo cheers, calling 1.9 trillion spending "the first win for Biden admin". [NT] [LINK] - Eli - 12:51pm 5/15/24
  - Every R from house & senate voted against this spending for fearing inflation and waste. [NT] - Eli - 12:41pm 5/15/24
    - Even Summers on the left: This is the least responsible policy in the last 40 yrs. It'll accelerate [LINK] - Eli - 12:48pm 5/15/24
      - Even WaPo admitted Biden’s 1.9 T package made inflation worse. But it made the economy better. WTF [NT] [LINK] - Eli - 1:12pm 5/15/24
      - 1 year later one MSM admitted Summers is right. 1.9 T spending package indeed increased inflation [NT] [LINK] - Eli - 1:03pm 5/15/24
    - Here is on example from Republican congressman Bill Posey. [NT] [LINK] - Eli - 12:43pm 5/15/24