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Re: farooq post# 24750

Tuesday, 06/07/2022 3:50:03 PM

Tuesday, June 07, 2022 3:50:03 PM

Post# of 31478
Is that your perception or you think people's perception about worst president.
I am sorry but what is wrong with people both on left side and right side taking one parameter and come to conclusion to worst president. there are several things which potus is not even control of on this inflation.
1) Previous govt 4 years of tariffs tantrums made all the companies align their supply chains,
2) Pandemic hit and worst handling completely messed up the supply chains which were already under stress due to tariff tantrums.
3) Constant whining and bickering with Powell by previous guy made Powell print 20 trillion in 1year because of elections.
4) Previous guy made a deal with saudi arabia for big oil production cut because of lack of demand and now after the pandemic they are not going back to those levels.
5) Russia - Ukraine war....no one can control this or support this war except russia. Not sure what everyone wants but it's moral thing to support a democratic country ukraine otherwise these authoritarian govts will run loose.
6) The current govt is either cancelling/not issuing new lease for oil wells which will take years to come to production and it won't affect any thing on current prices.....
7) Fed totally messed up by just kept printing money when money supply was coming from fiscal policy as well. as soon as the fiscal stimulus bill passes, fed should cut down same amount immediately.
8) You could argue the stimulus bills were not necessary but i know first hand all the fed printing was nicely going to corporations and top 2% rich people.
9) Imo stimulus should come thru fiscal policy rather than fed printing money and fed should back off when those bills are being passed.

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