Democrats Stagflation

“someone better check on @one, the man is clearly not right lol“

Sorry he blocked me so I can’t check on him .

The "fucking" thing is a given; being a wingnut isn't. More or less. ;-)

@Molly: Considering what type of site this is, please consider me to be a "fucking" wingnut ;-)

Or at least an aspiring "fucking" wingnut...

"We grade sanity on a bell curve in the politics forums"

Not true, because you need the majority in the middle for that. Here it's skewed distribution. But, hey, if you're not a complete fucking wingnut, there's a place for you too.

Flip... I think he means in comparison to Mickey et al.

We grade sanity on a bell curve in the politics forums

someone better check on @one, the man is clearly not right lol

You’re one of the sane ones Flip

I see Flip ,

@Flip

Naw . . . Houston blocked people who would not agree with him and made the thread. Again, he is back to his antics. January 19, 2021 everything is fine, January 21, 2021, everything has immediately gone to hell.

I see you .

I'm so confused. Who's blocked who and why isn't anyone in this thread? Has everyone finally blocked my dumb ass lol

Three responses from three blocked people. We’re getting through to him now. Lol

"Stagflation is when we have inflation , high unemployment and high interest rates."

I'm pretty sure I'm the blocker where the OP is concerned, but for anyone else inclined to take this misinformation and run with it, here's the standard definition of stagflation, copped from Investopedia because it came up first on Google: "Stagflation is most commonly referred to as the simultaneous experience of three separate negative economic phenomena: rising inflation, rising unemployment, and the declining demand for goods and services."

The difference between the OP's definition and the actual definition is not trivial. Not only are "high" interest rates not a component, we are currently not experiencing rising unemployment or declining demand. Or, to be thorough, high interest rates. Which, as EA has pointed out, have been held at such low levels that they've depressed certain forms of investing and saving for the better part of a generation.

I never knew interest rates were part of the definition. Learn something new everyday.

Why I am responding to someone who has me blocked and can't see this . . . I dunno.

High interest rates? ARE YOU FUCKING KIDDING ME? Let me go back to 1990 - would I love to get a 5% mortgage? HELL YEAH. Let me go back to 2000? Would I love to get a 5% mortgage? HELL YEAH. Just because Greenspan drove interest rates down to zero along with Bernanke, this is NOT historical. This is just generational.

The irony is that the interest rates staying so low did what? Killed SAVERS. The retires who were getting 5% on a CD were now getting .2% on a CD. Low interest rates spur spending. Higher interest rates spurs savings.

The unemployment rate? Lower than Trumps. I guess that is bad.

Inflation? It's real! There are a couple of reasons, but one is often overlooked. Trump's tariffs. Trump imposed tariffs on things that most people don't think impacts them. Trump seemed to hate TSMC. So pretty much anything that came out of TSMC got a big ole tariff bump. Who is TSMC? Probably the most important company in the world. Yes, that is a bold statement, but the device you are responding to this message, the shit inside came from TSMC. TSMC is the best semiconductor fab in the world. Apple is their largest buyer of time. Because they are in Taiwan, Trump added tariffs to the items coming out of there. As an example, video cards. A video card before tariffs? You could go to Best Buy and find a decent one for 199 to 299. Trump put a $100 tariff on them. That tariff is expiring! I think it expires next month! Woo HOO. That will help LOWER inflation.

Oil prices are a huge component to the inflation issue. Oil, fortunately, has been going down from it's peak of over 120 a barrel. If we get back to pre-Ukraine shit, which who knows how long that will take to clear up, we could be back in the 60 to 70 a barrel point and gas will drop back down, then the rest of the shit will go down as well. The car companies will be happy because people will be OK buying a 20mpg car again.

Stagflation is when we have inflation , high unemployment and high interest rates. We are headed there like a highway to hell . The democrats new budget is for.spending of 5.1 trillion dollars and all kinds of new taxes . Right now with the economy we live in an American family is paying 5400.00 more then they did last year. This ends people saving money , investing. , buying homes on and on. The big beautiful US companies will leave again to who knows where . Anyone making over 400,00 annually will get kicked …that is too much money . No matter what you risk or how hard you work . That is too much . Button your safety belts.