XPost: alt.fan.rush-limbaugh, alt.politics.republicans, sac.politics
XPost: talk.politics.guns
From: gay.coon@biden.usa
On 13 Dec 2021, "Trump's Omicron Hoax" posted some
news:sp92nk$4k9$11@news.dns-netz.com:
> Lee wrote
>
>> Everyone should have a machine gun and lots of ammo for one night to
>> drive by gay bars and shoot the pedophiles inside.
This week, the stock market took a turn into bear territory on the heels
of yet another brutal monthly inflation report. With the Federal Reserve
considering larger rate hikes in order to tamp down record inflation, the
possibility of a near-term recession now looms quite large, despite the
feeble protestations of Treasury Secretary Janet Yellen. As former Clinton
Treasury Secretary Larry Summers — the man who predicted President Joe
Biden’s inflation — stated, “I think when inflation is as high as it is
right now, and unemployment is as low as it is right now, it’s almost
always been followed, within two years, by recession.”
All of this was perfectly predictable. Firehosing money into an already-
hot economy was a recipe for inflation — and yet that was precisely the
policy pursued by the Federal Reserve and the Biden White House. According
to The Wall Street Journal, the Biden White House and the Fed thought that
the post-COVID-19 period would follow the 2007-2009 pattern: “weak demand,
slow growth, long periods of high unemployment and too-low inflation.”
This was incontestably preposterous. The 2020 economic crash was not the
result of systemic flaws in the economy like the 2007-2009 subprime
mortgage crisis; it was the result instead of an artificially induced
economic coma, supported by an unprecedented infusion of government cash,
preceded by a historic economic boom.
This meant that when vaccines became available, when Americans headed back
to work, when children went back to school, we should have been poised for
an explosion in demand. To instead predict weak demand, and to build an
extraordinary framework of continuing fiscal and economic stimulus on that
basis, was an act of either total insanity, epic stupidity or purposeful
malice. Perhaps it was a combination of all three. As the Journal
observed, “many Democrats saw their control of the White House and
Congress as a rare opportunity to shift Washington’s priorities away from
tax cuts favored by Republicans and toward expensive new social programs.”
Or, as Biden himself put it this week, “I don’t want to hear any more of
these lies about reckless spending. We’re changing people’s lives!”
They sure are. It turns out that “experts” in the back room constructing a
supposedly better world rarely consider the possibility of unpredicted
side effects. They are so busy building glass castles in their minds that
they neglect the realities of human behavior. The result is generally that
those the “experts” seek most to help are actually those harmed the most.
But the Biden White House refuses to change course. Instead, they insist
that the American people are too foolish to understand just how good they
have it; that the answer is more government spending; that the Federal
Reserve, whose loose monetary policy prompted the current price spiral,
will magically draw the proper balance between rising interest rates and
low unemployment.
The real answer to America’s current economic woes is simple, and the same
as it ever was: Leave Americans alone. Stop pumping money. Stop
subsidizing boondoggle projects directed at bolstering political allies.
And stop pretending that our supposed intellectual superiors have the
ability to predict, control and boost an economy comprised of 330 million
citizens, all of whom are better qualified to make decisions for
themselves than an incompetent and incoherent president and his
unjustifiably arrogant lackeys.
Ben Shapiro, 38, is a graduate of UCLA and Harvard Law School, host of
“The Ben Shapiro Show,” and Editor-in-Chief of DailyWire.com.
https://amac.us/joe-bidens-economy-is-a-disaster/
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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