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Home > Forums > The Open Forum
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Is this the start of a serious discussion because the OP was not...hence my response to it.

Author: LanceHarbor (14266 Posts - Original UHND Member)
Posted at 2:49 pm on Aug 17, 2022
View All

Curly is just oddly obsessed with inflation and approaches by throwing a bunch of shit against the wall to see what sticks. When told hyperinflation has a specific meaning and it's ridiculously higher than anything we will ever experience, he changes it to "well, the Democrats will start calling it that so they can enact a bunch of policy changes." He's loony. Or is it looney?

But if you want to speak about it seriously, sure. The only piece of legislation that likely had an impact, or at least an impact that was material AND not outweighed by positive factors was the original COVID relief bill. It may very well have not been necessary and it very well may have added to inflation. I probably wouldn't have voted for it if I were in congress at the time. However, there was still a lot of uncertainty at the time and people didn't know what the effect of NOT doing it would be. It likely helped some and boosted inflation some. Side note: I do find it funny that Republicans start there and not the other COVID relief bills passed while President Trump was in office since they all contributed. The PPP bill was a near complete sham and a gigantic wealth transfer to wealthy people.

Adding in the infrastructure bill is silly, especially since Republicans have been using it as an example of what we should be spending our money on for years (while simultaneously not doing anything about it). "Why are we putting billions into made-up climate change when our roads and bridges are falling apart?! Hur dur!" Ditto the bill to compete with China, specifically in the tech space. Critics can't have it both ways. So will these increase inflation, probably some. But they will also increase jobs, make us more competitive and fix our broken shit. Which is why a bunch of Republicans voted for it that actually care about getting shit done. Bully for them.

This bill will supposedly cut the deficit (or, my guess, increase it at a slower rate) and a material part of the spend invests in "energy security" which, again, is something for which Republicans have been clamoring.

Inflation is high throughout the first world because of litany of factors, most related to escaping the pandemic. The first spending bill likely contributed to it though there are countries that are higher than the U.S. that didn't put in such a spending bill. Inflation also looks to be topped out, hence the lack of daily posts about gas prices anymore on this board. This latest bill isn't going to do shit to it either. It's just on the list of reasons people don't like this administration/congress getting something done and they select it occasionally. Or, in the case of Curly, daily.

Any time you want to have a serious discussion like this, sign me up. They are so rare these days.


Replies to: "Is this the start of a serious discussion because the OP was not...hence my response to it."

  • Tell me this is not going to cause even more inflation! [LINK] - Curly1918 - 7:39am 8/17/22 (63) [View All]
    • It's not. - LanceHarbor - 12:22pm 8/17/22
      • Your Nobel Prize for Economics is on its way. [NT] - NedoftheHill - 1:34pm 8/17/22
        • His body of work for that Nobel was Obama-esque. [NT] - TakethetrainKnute - 2:54pm 8/17/22
      • How many trillions would it take before it would cause greater inflation? Genuinely curious. [NT] - MAS - 1:07pm 8/17/22
        • Is this the start of a serious discussion because the OP was not...hence my response to it. - LanceHarbor - 2:49pm 8/17/22
          • Try reading the bills instead of the nonsensical titles genius. [NT] - notredame678 - 4:23pm 8/17/22
            • To paraphrase Ara in Rudy: - LanceHarbor - 4:44pm 8/17/22
              • Dan Devine. Please continue though, you’re on a roll. [NT] - BaronVonZemo - 10:53pm 8/17/22
                • Ara. [NT] - jakers - 9:50am 8/18/22
                • Wanna bet? - LanceHarbor - 8:55am 8/18/22
              • Thank you for proving my point. - notredame678 - 6:54pm 8/17/22
          • I don't disagree with most of that. - MAS - 3:38pm 8/17/22
            • Consider this another bridge built by the infrastructure bill. [NT] - LanceHarbor - 4:25pm 8/17/22
      • Of course it will. [NT] - BaronVonZemo - 12:38pm 8/17/22
    • Let's break this down... - TyroneIrish - 11:49am 8/17/22
    • Unfortunately, Biden has not the slightest idea what he's doing. We're being led by Mr. Magoo... [NT] [IMAGE] - TakethetrainKnute - 8:43am 8/17/22
      • Mr. Magoo can run rings around You... - TyroneIrish - 11:57am 8/17/22
        • Thanks for your wildly biased opinion. Will be given the weight it deserves...as always. - TakethetrainKnute - 12:21pm 8/17/22
          • Biden does not have to be a "Stunning Intellect" to be better than you or many others here... - TyroneIrish - 3:49pm 8/17/22
            • Nice to see you dismiss reality as a “silly meme”. What I’ve seen this far is a string of abject - TakethetrainKnute - 5:16pm 8/17/22
              • The video evidence is up to interpretation I suppose. - iairishcheeks - 6:40pm 8/17/22
                • It depends on whether or not you're willing to listen to the content or just focus on any [LINK] - TyroneIrish - 11:00pm 8/17/22
                  • You know as well as anyone deep inside, you just don't want to admit it. - iairishcheeks - 10:02am 8/18/22
                    • I'll bet you didn't watch the video of his international press conference...that's clear evidence of - TyroneIrish - 1:48pm 8/18/22
      • He’s being handled by people who think the private/government split should be 20/80 vs the opposite - LanceManion - 10:00am 8/17/22
      • Correct. [NT] - jakers - 9:46am 8/17/22
      • You have lost your objectivity. - conorlarkin - 9:07am 8/17/22
        • . [NT] - MuskyTommy - 9:30am 8/17/22
          • I thought he was running for president in 2020. Less sharp. lol [NT] [LINK] - MuskyTommy - 9:35am 8/17/22
        • We shall certainly see, my friend. - TakethetrainKnute - 9:20am 8/17/22
          • I am confident that Biden is not going to seek re-election. However, ..... - conorlarkin - 9:51am 8/17/22
        • Don't you mean: "YOU have lost YOUR objectivity"? [NT] - iairishcheeks - 9:15am 8/17/22
      • Unfortunately, the aviator sunglasses haven't helped Mr. Magoo's vision. - Irishize - 8:55am 8/17/22
        • LOL. Good one. Don't stop now. [NT] - ELP - 10:07am 8/17/22
      • He sure has passed a lot of deals for a guy without “the slightest idea what he's doing” - Chris94 - 8:53am 8/17/22
        • His party controls both houses of Congress. At that, his last "deal" had to be purchased by Schumer - TakethetrainKnute - 9:02am 8/17/22
          • Rationalize it however you want. Your “senile” theme is Hank-level stupid. [NT] - Chris94 - 9:04am 8/17/22
            • Never said he was senile. He's not up to the task of the presidency. Your failure to recognize it - TakethetrainKnute - 9:06am 8/17/22
              • Right. He just has “not the slightest idea what he’s doing.” - Chris94 - 9:13am 8/17/22
                • Mueller! Mueller! [NT] - notredame678 - 10:33am 8/17/22
                • Cult of what exactly? To what end? Acknowledging that Biden is brutal makes one a cult member? - TakethetrainKnute - 9:39am 8/17/22
                  • You don’t see things exactly the way he does so you have to - TampaIrish - 11:15am 8/17/22
                    • They have to believe it. Cognitive dissonance is a bitch, I am told. [NT] - Stark Raving Dad - 11:33am 8/17/22
                  • Exactly correct. [NT] - Stark Raving Dad - 9:46am 8/17/22
      • Mr. Magoo has more legislative wins then your Orange Lord and that hurts your ass...admit it. [NT] - Quest4twelve - 8:46am 8/17/22
        • Afghan withdrawal. 13 heroes dead. That's all you need to know. [NT] - ELP - 10:12am 8/17/22
          • And 800 American citizens left behind. [NT] - JarHead4ND - 6:22pm 8/17/22
        • Strange that Houseplants own party doesn’t want him to run in 2024. [NT] [LINK] - MuskyTommy - 8:58am 8/17/22
        • Um... - TakethetrainKnute - 8:55am 8/17/22
    • Tax and spend - WoodstockIrish - 8:31am 8/17/22
    • The American Rescue Plan in ‘21 added 3-5% to inflation - that was Barack Biden [NT] - LanceManion - 8:28am 8/17/22
    • Ok I'll bite, what exactly in the bill will cause inflation? R we at the point where all spending - Quest4twelve - 8:26am 8/17/22
      • The impact will be long term. Today's inflation is due to the COVID spendaloosa, during Trump's term [NT] - Curly1918 - 9:47am 8/17/22
    • They wouldn’t need a inflation reduction bill if they didn’t cause it in the first place. Jan 20, - MuskyTommy - 8:00am 8/17/22
      • According to economist the last covid bill added a couple of points to inflation. Where does the - Quest4twelve - 8:28am 8/17/22
      • Did they cause it in Europe too? - Chris94 - 8:11am 8/17/22
        • Of course the US economy is large enough to cause global inflation. Next question? [NT] - Iggle - 9:27am 8/17/22
          • Genius! [NT] - Chris94 - 5:05pm 8/17/22
            • You should audit a macroeconomics class. - Iggle - 5:14pm 8/17/22
        • So then, a U.S. "Inflation Reduction Act" is pure folly. Look forward to Biden's announcement... [NT] - TakethetrainKnute - 8:48am 8/17/22
        • I don’t live in Europe do you? [NT] - MuskyTommy - 8:18am 8/17/22
          • The point escapes you. Inflation at 10.1% in the UK blame Biden. [NT] - Quest4twelve - 8:23am 8/17/22
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