Economy

[Archy1221]

For all the GOP gloom and doom, whoever becomes President will be handed an economy on the uptick by Biden. 

article quoted in part below

https://dnyuz.com/2024/07/25/2025-could-be-a-great-time-to-be-president-economically-speaking/

For what’s it worth I didn’t give you laughing face.   
 

I think there is some good points to what the article said and it certainly won’t be a disaster economy for whoever wins takes over.  
 

That said, I do believe there will be challenges as some are predicting an economic slowdown. Not necessarily a full blown recession, but an economy that’s hasn’t grown like the last 8yrs (absent the Covid year).  And honestly we are probably due for a few years like that. 

 

[TGHusker]

For what’s it worth I didn’t give you laughing face.   
 

I think there is some good points to what the article said and it certainly won’t be a disaster economy for whoever wins takes over.  
 

That said, I do believe there will be challenges as some are predicting an economic slowdown. Not necessarily a full blown recession, but an economy that’s hasn’t grown like the last 8yrs (absent the Covid year).  And honestly we are probably due for a few years like that. 

Oh, I really don't think you gave it to me and it just amuses me that people would give it instead of engaging (unless it is given because something really funny was posted)  I appreciate you engagement.  

Yes, I've gone to a couple of economic workshops recently (I do international B2B credit) and the presenters spoke of the possibility of a slowdown.   But, I've been hearing that for the last 3 years - the recession is coming.  Each year it is delayed.  I think if there is a slow down it will be due to the fact that while inflation has come down some, it still isn't where we want or need it to be.  So if the Fed makes adjustments to the rates after the election, then we could see slowdown.  However, a report came out today that the economy grew at a faster than expected rate - 2.8%.    I think, like every presidential year, there is a bit of 'breath holding' going on - waiting to see who the new president will be and what their policies will be.    

https://www.cnbc.com/2024/07/25/us-gdp-q2-2024.html

 

[Archy1221]

Oh, I really don't think you gave it to me and it just amuses me that people would give it instead of engaging

I fully understand what you mean.   You won’t find many posts of mine that don’t have laughing faces from the people who claim to ignore posts. 

 

[TGHusker]

Universal Basic Income research results

https://san.com/cc/heres-what-happened-when-americans-received-1000-a-month-in-3-year-study/

 

[BigRedBuster]

[No message]

 

[Archy1221]

Is there a certain reason she doesn’t actually link to the article?   I’m guessing because her first paragraph doesn’t match up with the wording under the headline of the NYT piece, but it could also be something else.   It may have to do with her knowing people will not actually do the work to find the article and then read it vs just react to her take of the article and not decide for themselves what to think.   
 

I’d bet a large percentage of the population agrees that business greed played a part in inflation but even more of the population if not 99% who pay attention would know it’s not 100% corporate greed like that doofus on X wants to believe.  

 

[JJ Husker]

Is there a certain reason she doesn’t actually link to the article?   I’m guessing because her first paragraph doesn’t match up with the wording under the headline of the NYT piece, but it could also be something else.   It may have to do with her knowing people will not actually do the work to find the article and then read it vs just react to her take of the article and not decide for themselves what to think.   
 

I’d bet a large percentage of the population agrees that business greed played a part in inflation but even more of the population if not 99% who pay attention would know it’s not 100% corporate greed like that doofus on X wants to believe.  

Is that the benchmark now, 100% or it’s BS? 
 

Why don’t you provide the reasons you think are/have caused inflation with their corresponding percentages? Don’t forget to make sure to place sufficiently high blame on JB and Dem policies lest one of us should fall over dead from shock.

 

[Archy1221]

Is that the benchmark now, 100% or it’s BS?

The person on X said it was 100% because of corporate greed.   Do you think that is anywhere close to being correct? Nothing else happened that affected product prices, raw material prices, etc……

You are a business owner.  Were 100% of your price increases because of greed? 

Why don’t you provide the reasons you think are/have caused inflation with their corresponding percentages? Don’t forget to make sure to place sufficiently high blame on JB and Dem policies lest one of us should fall over dead from shock

I will let you comb through the post I have already made about why I think inflation was caused and the links to articles (from source that people here agree are non-partisan) that showed my work.  Hint…..there were three main reasons.  Or you can just post nonsensical snark like your last sentence and then blame me for being the one who doesn’t want to actually discuss an issue :facepalm:

 

[Dr. Strangelove]

Universal Basic Income research results

https://san.com/cc/heres-what-happened-when-americans-received-1000-a-month-in-3-year-study/

UBI is a pretty bad idea, using government funds to target specific areas of the population to achieve desired outcomes is superior. 

Foodstamps, expanding child tax credits, or beefing up anti-poverty programs allow a lot more bang for the buck, so to speak.

I’d bet a large percentage of the population agrees that business greed played a part in inflation but even more of the population if not 99% who pay attention would know it’s not 100% corporate greed like that doofus on X wants to believe.  

Blaming corporate greed is the left's version of blaming Joe Biden. Yes, greed did cause some inflation but the reason worldwide inflation went up simultaneously was because of vaccine availability, just-in-time economics and supply chain shocks.

 

[JJ Husker]

The person on X said it was 100% because of corporate greed.   Do you think that is anywhere close to being correct? Nothing else happened that affected product prices, raw material prices, etc……

You are a business owner.  Were 100% of your price increases because of greed? 

I will let you comb through the post I have already made about why I think inflation was caused and the links to articles (from source that people here agree are non-partisan) that showed my work.  Hint…..there were three main reasons.  Or you can just post nonsensical snark like your last sentence and then blame me for being the one who doesn’t want to actually discuss an issue :facepalm:

You seem to do this often. Use some rando X post that contains a hyperbolic incorrect claim, ie “100%”, and then use that to cast aspersion on the general claim being made, ie that corporate greed is a significant  contributing factor to inflation.

IMO this is a horrible and disingenuous way to bolster your own POV….in this case, the “real” cause of inflation. Nobody, not even the X rando actually believes it is 100% due to corporate greed. One person’s erroneous claim of 100% does not negate the overarching claim.

Here’s the actual article.

https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html

Now tell me, is “grocers taking advantage” (aka corporate greed) a cause of inflation?

 

[Archy1221]

You seem to do this often. Use some rando X post that contains a hyperbolic incorrect claim, ie “100%”, and then use that to cast aspersion on the general claim being made, ie that corporate greed is a significant  contributing factor to inflation.

IMO this is a horrible and disingenuous way to bolster your own POV….in this case, the “real” cause of inflation. Nobody, not even the X rando actually believes it is 100% due to corporate greed. One person’s erroneous claim of 100% does not negate the overarching claim.

Here’s the actual article.

https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html

Now tell me, is “grocers taking advantage” (aka corporate greed) a cause of inflation?

Will you be taking offense to DrStrangeloves post made in reply to mine where he agrees?  Or is it just me you want to argue and complain about?  
 

BTW…I didn’t seem to get an answer.  Did you increase prices and was it all or mostly , greed on your part like the poster insinuated?  
 

One other thing to consider while you get so upset at me correcting an obvious wrong statement from the random X poster (770,000 followers btw and used many many times here so not so “random” as you say) is that this is what you and others here get so upset with Trump about.   Trump does the same think this not so random X poster just did….He uses hyperbolic claims that are incorrect all the time about a general claim being made.    
 

The answer to your last question….YES 

 

[Archy1221]

IMO this is a horrible and disingenuous way to bolster your own POV….in this case, the “real” cause of inflation. Nobody, not even the X rando actually believes it is 100% due to corporate greed. One person’s erroneous claim of 100% does not negate the overarching claim.

Does this mean that the not so random X user is a liar and should not be used as a source, since she boldly claimed something, but you say she doesn’t actually believe her own claim when making the claim ?? 

 

[JJ Husker]

Will you be taking offense to DrStrangeloves post made in reply to mine where he agrees?  Or is it just me you want to argue and complain about?  
 

BTW…I didn’t seem to get an answer.  Did you increase prices and was it all or mostly , greed on your part like the poster insinuated?  
 

One other thing to consider while you get so upset at me correcting an obvious wrong statement from the random X poster (770,000 followers btw and used many many times here so not so “random” as you say) is that this is what you and others here get so upset with Trump about.   Trump does the same think this not so random X poster just did….He uses hyperbolic claims that are incorrect all the time about a general claim being made.    
 

The answer to your last question….YES 

Does this mean that the not so random X user is a liar and should not be used as a source, since she boldly claimed something, but you say she doesn’t actually believe her own claim when making the claim ?? 

Anyone can use any X post they like. I’d just appreciate more care and honesty in how they are used here. If it’s a problem with a particular X poster, maybe preface that instead of making veiled claims against the content. Or better yet, go after them on X, the source of the disinformation. FYI, I despise X and think it’s a cesspool.

And your question. Yes, some elements and amounts of my price increases have been enacted simply because I can get away with it in this inflationary climate. The sooner I can retire the better.

 

[Archy1221]

And your question. Yes, some elements and amounts of my price increases have been enacted simply because I can get away with it in this inflationary climate. The sooner I can retire the better.

It’s amazing that after all your complaining about my post, we ended up at the same place.  I really don’t know why you continually take issue with me when you have the same thoughts on said subjects?   

“I’d bet a large percentage of the population agrees that business greed played a part in inflation but even more of the population if not 99% who pay attention would know it’s not 100% corporate greed like that doofus on X wants to believe”

If it’s a problem with a particular X poster, maybe preface that instead of making veiled claims against the content. Or better yet, go after them on X, the source of the disinformation. FYI, I despise X and think it’s a cesspool.

I didn’t make a veiled claim against the context, I made an actual statement against a potentially absurd and incorrect post.   A statement that you literally now agree with……corporate greed accounted for some inflationary pressure but it was no where close to 100% the cause.  And again, @Dr. Strangelove seemed to agree that the X poster was not helpful and agreed with my assessment yet you had zero problem and took no offense and decided against replying to him :dunno

I generally enjoy discussing topics with you, but not these types of posts where you agree with me but still want to argue that I’m wrong 

 

[Guy Chamberlin]

Corporate greed is not the main driver of inflation, as every study shows. It's the result of global supply chain disruptions caused by the pandemic, combined with temporary government cash infusions to stabilize the economy. The U.S. did what we needed to do and did it better than most. 

https://www.reuters.com/markets/us/corporate-greed-not-blame-price-pressures-fed-study-shows-2024-05-13/

Biden could have gone with that tack, and taken credit for the U.S. economy's post-pandemic success, which ended up leaving global rival China in the dust. But that case had been made and it did not matter a whit, overwhelmed by the GOP personally blaming Joe Biden for the price of everything, not to mention being weak on China. 

So no, blaming corporate greed doesn't answer the inflation issue, and it's more of a campaign device for political parties fighting for the populist vote. But blaming corporate greed for making a bad situation worse? Yes. Why not? There are certainly enough examples without making it a blanket statement. When the common folk are pitching in and sacrificing, some of these companies should not be scoring record profits. It's also pretty appalling how large corporations gamed the system to grab billions of dollars in Covid relief funds intended for small businesses. 

I'm reminded of the 2007/8 economic meltdown, where there were dozens of culprits. Corporate greed and financial deregulation were at the top, but somewhere in the mix were the federal government entities Fannie & Freddie Mac encouraging home ownership. It was funny watching conservatives trying to blame the whole thing on Fannie & Freddie.