Can someone with Twitter bump all the freakouts over paying an extra 2% bc of the trade war with the CCP and compare that to our current 10%+ inflation?
We need a general tweet of the day thread
- Thread starter RaceBannon
- Start date
Yeah, I remember how bad it was in March of 2020. Record low unemployment, a controlled border and a record increase in real middle class wages. But the tariffs on the country of the creator of the chicom crud? Intolerable. What a midget of an economist.
According to @hhusky taxes and higher costs aren’t passed onto consumers but tariffs are. Good to know. I really should take Econ 101 again to learn these nuances.
https://twitter.com/joebiden/status/1138506137697959939?s=21&t=dWmwFtx_ARFxJ4EaF14Q0Q
https://twitter.com/joebiden/status/1138506137697959939?s=21&t=dWmwFtx_ARFxJ4EaF14Q0Q
Tariffs can also be a useful distraction from the damning Mueller report.
https://twitter.com/abc/status/1136291534280675328?s=21&t=bRNPz521MThCEdwtu9f06w
https://twitter.com/abc/status/1136291534280675328?s=21&t=bRNPz521MThCEdwtu9f06w
MikeDamone
Active poster
He’s not an economist
MikeDamone
Active poster
Mr. Putin’s Price Hike. JFC.
I was against the Trump tariffs early and often. But why did Dementia Joe wait over a year to make any changes to them?
Last edited:
https://twitter.com/MrAndyNgo/status/1518732722700619776
Gee, I worry about dumb stuff like will these imbeciles get my health insurance correct
Gee, I worry about dumb stuff like will these imbeciles get my health insurance correct
Obviously.
Dems are desperate to lie about their commitment to raise[/s] uh, lower gas prices.
https://pjmedia.com/news-and-politi...es-further-limits-on-arctic-drilling-n1592992
Biden Administration Imposes Further Limits on Arctic Drilling[/b]
BY CHRIS QUEEN APR 26, 2022 4:18 PM ET
The pain at the gas pump shows no signs of abating, and the Biden administration seems to want to make it worse. The White House announced on Monday that it’s reverting back to the Obama administration’s policy of opening only 52% of Alaska’s National Petroleum Reserve for oil and gas leases. Under the Trump administration, 82% of the land was open for drilling.
The National Petroleum Reserve is an area of about 23 million acres in Alaska, which the Harding administration set aside in 1923 as an oil reserve for the U.S. Navy. It’s now under the control of the Bureau of Land Management, which monitors the oil and gas leases for sale on the land.
“While the Bureau of Land Management (BLM) had previously indicated that it had selected the Obama administration’s plan as its ‘preferred alternative’ for further consideration, on Monday it issued a Record of Decision formally affirming that it would return to the Obama-era plan,” reports The Hill.
In addition to the restrictions on where oil and gas companies can drill, the reversion to Obama-era policy sets aside specific areas of the reserve for environmental protection.
“In explaining its rationale, the administration said that it would better protect the environment while still allowing energy development,” The Hill notes.
In 2021, the administration suspended oil and gas leases on the Arctic National Wildlife Reserve as well.
https://pjmedia.com/news-and-politi...es-further-limits-on-arctic-drilling-n1592992
Biden Administration Imposes Further Limits on Arctic Drilling[/b]
BY CHRIS QUEEN APR 26, 2022 4:18 PM ET
The pain at the gas pump shows no signs of abating, and the Biden administration seems to want to make it worse. The White House announced on Monday that it’s reverting back to the Obama administration’s policy of opening only 52% of Alaska’s National Petroleum Reserve for oil and gas leases. Under the Trump administration, 82% of the land was open for drilling.
The National Petroleum Reserve is an area of about 23 million acres in Alaska, which the Harding administration set aside in 1923 as an oil reserve for the U.S. Navy. It’s now under the control of the Bureau of Land Management, which monitors the oil and gas leases for sale on the land.
“While the Bureau of Land Management (BLM) had previously indicated that it had selected the Obama administration’s plan as its ‘preferred alternative’ for further consideration, on Monday it issued a Record of Decision formally affirming that it would return to the Obama-era plan,” reports The Hill.
In addition to the restrictions on where oil and gas companies can drill, the reversion to Obama-era policy sets aside specific areas of the reserve for environmental protection.
“In explaining its rationale, the administration said that it would better protect the environment while still allowing energy development,” The Hill notes.
In 2021, the administration suspended oil and gas leases on the Arctic National Wildlife Reserve as well.
Leftards lie and love to be lied to. Yellen has an ostensible stellar resume and yet she (like Fow Chee who actually has a sh*tty resume) is willing to trash her reputation to support the lies of a democrat/socialist dementia patient. Yellen has to know that Milton Friedman will always be in charge and that just printing trillions of dollars will always lead to inflation. And yet, she is telling us that the world is flat and that she has repealed gravity.
https://issuesinsights.com/2022/04/27/see-if-you-can-follow-yellens-bouncing-inflation-ball/
Treasury Secretary Janet Yellen said over the weekend that we’re going to have to “put up with inflation for a while longer,” which means that she has now held just about every possible — and almost always wrong — position on an issue about which she is supposedly an expert. Is it any wonder nobody trusts elites anymore?
Yellen was on CNBC over the weekend and, when asked whether inflation had peaked, said:
“Well, it may have peaked, but … I think the shocks emanating from this unjustified attack on Ukraine will prolong inflationary pressures. So, the outlook is uncertain. As you know, the Fed is taking steps to bring inflation down, but I think we will have to put up with high inflation for a while longer.”
Let’s leave aside Yellen’s dubious claim that Russia’s invasion of Ukraine has had any meaningful impact on inflation. Why would it? Iraq’s invasion of Kuwait, which was far more disruptive to the global oil market, bumped oil prices up for a short period but had no broader inflationary effect.
The Putin-is-to-blame for skyrocketing prices is one of team Biden’s big lies meant to deflect blame. But the press never calls them on it.
No, what’s really troubling is the fact that Biden’s Treasury secretary has been so utterly clueless about inflation since joining his cabinet.
Let’s look at what Yellen has claimed about inflation since early last year and the actual results. The chart shows what inflation was doing when she made these statements.
https://issuesinsights.com/2022/04/27/see-if-you-can-follow-yellens-bouncing-inflation-ball/
Treasury Secretary Janet Yellen said over the weekend that we’re going to have to “put up with inflation for a while longer,” which means that she has now held just about every possible — and almost always wrong — position on an issue about which she is supposedly an expert. Is it any wonder nobody trusts elites anymore?
Yellen was on CNBC over the weekend and, when asked whether inflation had peaked, said:
“Well, it may have peaked, but … I think the shocks emanating from this unjustified attack on Ukraine will prolong inflationary pressures. So, the outlook is uncertain. As you know, the Fed is taking steps to bring inflation down, but I think we will have to put up with high inflation for a while longer.”
Let’s leave aside Yellen’s dubious claim that Russia’s invasion of Ukraine has had any meaningful impact on inflation. Why would it? Iraq’s invasion of Kuwait, which was far more disruptive to the global oil market, bumped oil prices up for a short period but had no broader inflationary effect.
The Putin-is-to-blame for skyrocketing prices is one of team Biden’s big lies meant to deflect blame. But the press never calls them on it.
No, what’s really troubling is the fact that Biden’s Treasury secretary has been so utterly clueless about inflation since joining his cabinet.
Let’s look at what Yellen has claimed about inflation since early last year and the actual results. The chart shows what inflation was doing when she made these statements.