Trump Media and Tech Group (Politics Allowed~Non-Moderated) (DJT)

[blackhawks]

Well that's why you ARE a moron. 'Thanks Joe' is the non-thinking response from all of you Trumpanzees.

I vote for leaders of the USA and not world wide leaders,

Freudian slip? NO one votes for world wide leaders unless you WANT a dictator for more than a day.

You voted for a true ignoramus whose $2T tax cuts did shit for the middle class on down and his disastrous, disastrously stupid, decision to 'downplay'.....his word....the pandemic speaks to his junk science riffs and super spreader rallies that helped his reelection chances not at all. Now the fat assed orange jerk is cooling his heels, literally if you believe his whining about the temperature in the courtroom, for the next six weeks with no campaigning and daily risk of being taken into custody for violating gag orders. Daily reminders of what a complete asshole Trump is.

Thanks Donald for that sterling job creation record and those infrastructure weeks too.

I vote for leaders of the USA and not world wide leaders,

Rising inflation is a global problem

U.S. policy choices are not to blame

Key takeaways:

https://www.epi.org/blog/rising-inflation-is-a-global-problem-u-s-policy-choices-are-not-to-blame/

An international comparison among OECD countries shows that rising inflation is a global phenomenon, not unique to the United States.

This fact argues strongly that high inflation in the U.S. has not been driven by any unique American policy—not the American Rescue Plan and other generous fiscal relief during the pandemic recession and recovery nor anything else U.S.-centric.

Some have argued that the global rise of inflation means that many countries— including the U.S.—overstimulated their economies and generated excess aggregate demand. But this explanation is not supported by the data. The countries with larger declines in unemployment over the past 18 months have not seen larger inflation spikes.

Consumer price data for June 2022 showed another month of rapid inflation, with overall inflation rising 9.1% year-over-year and core inflation (which doesn’t include volatile energy and food prices) rising by 5.9%. This level of inflation has obviously become a major political issue this year. But however this issue resonates politically, as an economic matter a common narrative that blames the Biden administration and its policy choices for causing the inflation is deeply misleading.

This is not simply a case for exonerating the Biden administration’s choices—how the recent inflationary outbreak is interpreted will have huge consequences for how policymakers respond. A loud chorus of economic analysts and influential policymakers continue highlighting the need for the Federal Reserve to continue raising interest rates sharply to slow growth to “rein in” inflation. This approach risks terrible consequences and threatens to cast aside the amazing policy achievement of a full jobs recovery from the pandemic recession.

In the COVID-19 recession, the economy lost over 22 million jobs. But by June 2022 (after 28 months), the level of employment in the U.S. matched the last month pre-pandemic (February 2020). Compare this with job growth after the Great Recession of 2008-09, when it took more than six years (75 months) to regain the just under 9 million jobs lost and match pre-recession employment levels. The far faster recovery from the COVID-19 recession was significantly driven by a much more aggressive fiscal policy response.

This more aggressive fiscal response is often blamed for the inflation outbreak over the past 18 months. The most persuasive evidence casting doubt on this interpretation is a comparison of inflation between the U.S. and a large set of other rich countries that undertook a wide array of fiscal responses. Despite the different fiscal responses, essentially all of these countries have experienced a rapid acceleration of core inflation. This means that today’s inflation is not a uniquely U.S. problem, and therefore not connected to the necessary and effective economic policies that spearheaded the rapid economic recovery we see today.

https://www.epi.org/blog/rising-inflation-is-a-global-problem-u-s-policy-choices-are-not-to-blame/