We Could Be Nearing The Second Great Depression

PostmodernProphet said:
irrelevant.......the question is why you think we have an inflation problem......but thanks for proving you're nothing but a mindless political hack......
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We DO have an inflation problem. We've had it for quite a few decades now. It is caused by printing money faster than the wealth is increasing. Last year's inflation rate was about 1.7%.
...and before anyone blames this on Trump, the President does not set the inflation rate. That is set by the Fed during the board of governors meeting. Government demands are part of what they use for this decision, but the bulk of it comes from the economy itself.

As a result, inflation was less under Obama, a result of the stalled economy under his administration.
 
Into the Night said:
Nope. The rationing and gas 'shortages' were a direct result of price controls introduced by Carter.

If the price was allowed to float according to market forces, it would've spiked, but it would also have been self-correcting.
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Say whatever politically motivated negative things you can conjure up about president Carter. But the fact remains that we were dependent on Iranian Oil, and we were cut off of it, and the price of Gasoline had to be frozen due to the possibility of Gasoline Companies taking advantage of the situation and gouging prices.

If the prices were not frozen, the gasoline companies would have raised the price of gasoline several dollars a gallon, and only the rich people would have been able to buy it.

We don't allow necessities, that everyone needs for survival, to be priced so that only the rich and elite can be fat and healthy, and everyone else can go eat shit and die. NOT HERE IN AMERICA. NOT AS LONG AS WE HAVE A DEMOCRAT PRESIDENT THAT INSURES THAT EVERYONE CAN SURVIVE THE SHORTAGES AND CRISIS's our nation faces.

But, naturally YOU FUCKWAD REPUBLICANS DO NOT GIVE A SHIT ABOUT ANYONE BUT THE RICH AND FAMOUS, AND THEY CERTAINLY DO NOT UNDERSTAND THE CONSEQUENCES OF THEIR RECKLESS POLICIES.

BUT THANKS FOR REMINDING US! FART FACE!
 
Into the Night said:
No one controls the stock market...not the President, not anyone in Congress, no one.
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Thank You for agreeing with me.

I do have a caviat though- A president can do or say things that can scare the market, or give it more confidence, and it can temporarily spike up or down as a result. Sometimes the market will react in a show of faith or out of protest to a presidents actions or comments. But, normally stock charts return back to normal after a few days.

And if the president does something really fiscally foolish, the stock market can wain and struggle for months on end.

Presidents do not have near the effect over Wall Street, as they do Main Street! AND THOSE ARE TWO DISTINCTLY DIFFERENT THINGS!
 
Adolf_Twitler said:
Say whatever politically motivated negative things you can conjure up about president Carter.
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Okay. Glad to.
Adolf_Twitler said:
But the fact remains that we were dependent on Iranian Oil,
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Nope. We never were.
Adolf_Twitler said:
and we were cut off of it,
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Nope. We never were.
Adolf_Twitler said:
and the price of Gasoline had to be frozen due to the possibility of Gasoline Companies taking advantage of the situation and gouging prices.
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Nope. Price controls always do the same thing. They cause shortages.
Adolf_Twitler said:
If the prices were not frozen, the gasoline companies would have raised the price of gasoline several dollars a gallon, and only the rich people would have been able to buy it.
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Nope. You are forgetting price discovery in markets.
Adolf_Twitler said:
We don't allow necessities, that everyone needs for survival, to be priced so that only the rich and elite can be fat and healthy, and everyone else can go eat shit and die.
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Nope. You are forgetting price discovery in markets.
Adolf_Twitler said:
NOT HERE IN AMERICA.
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Yes. Here in America. Everywhere. Prices are set by market demands.
Adolf_Twitler said:
NOT AS LONG AS WE HAVE A DEMOCRAT PRESIDENT THAT INSURES THAT EVERYONE CAN SURVIVE THE SHORTAGES AND CRISIS's our nation faces.
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Price controls caused the shortages.
Adolf_Twitler said:
But, naturally YOU FUCKWAD REPUBLICANS DO NOT GIVE A SHIT ABOUT ANYONE BUT THE RICH AND FAMOUS, AND THEY CERTAINLY DO NOT UNDERSTAND THE CONSEQUENCES OF THEIR RECKLESS POLICIES.
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No, that would be the Democrats.
 
Adolf_Twitler said:
Thank You for agreeing with me.

I do have a caviat though- A president can do or say things that can scare the market, or give it more confidence, and it can temporarily spike up or down as a result. Sometimes the market will react in a show of faith or out of protest to a presidents actions or comments. But, normally stock charts return back to normal after a few days.

And if the president does something really fiscally foolish, the stock market can wain and struggle for months on end.

Presidents do not have near the effect over Wall Street, as they do Main Street! AND THOSE ARE TWO DISTINCTLY DIFFERENT THINGS!
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No. They are the same thing.
 
Obama-era financial regulations are still in effect.

Gasoline remains between 52 and 65.

There is no rampant inflation.

Jobs creation is still good.

We are not in a danger of a Great Recession, no.
 
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