Biden Economics. Inflation to rise after election due to more money for Ukraine?

[Drewtate]

How long can US taxpayers continue to fund a war that can't be won?

The Russians have dug in and are not going anywhere. No matter how much weapons we send Ukraine can't take back what they lost.

[Anonymous]

Biden is sending money to support Ukraine, maybe the money is sent to Hunter Biden and things are all hush, hush. I never hated anyone in my whole damn life, but I hate Biden I am sorry I voted for the old son-of-bitch he needs to step down and stop ruining the Democratic Party also I refuse to ever vote for another Democrat, but I will keep the Republican Party open also Biden has showed the American people what a complete asshole he is I am so sorry but Biden and Trump don't have my vote, but I will consider Nikki Haley or Chris Christie.

[NamerOfStars]

No. Inflation to rise after election (and before election, and during election) due primarily to consequences of shutting entire fucking economy down, which Biden, while encouraging of, had nothing to do with. The massive printing of money that accompanied this WAS, in part, his fault, but that started with Trump.

Yes, we need money to circulate to maintain its value, but that doesn't mean endlessly passing the buck back and forth.

[Drewtate]

I believe they will keep inflation down until after the election by cooking the books then in 2024 we get hit with hyper inflation

[sage2021]

Somehow when I hear that Ukraine is getting billions more of tax payers money two thoughts come to my mind.

1. Hunter Biden (connected to this)

2. The new IRS agents they hired. Are they going to come after each of us to collect taxes and continue to send Ukraine money?

Your thoughts please

[RealMarek]

They’ll print the money. IRS agents or not, tax receipts cannot possibly pay for this.

[RealMarek]

Inflation will continue to rise because the numbskull elites cannot figure out that it isn’t just caused by money printing, but also by massive government spending. Project Ukraine is a horrific mistake and massive geopolitical defeat for the USG, but inflation is being driven up much more by cash handouts and spending projects at home. The CPI is heavily gamed and doesn’t capture all of it by any stretch,

[Exterminatore]

They can figure it out. It’s not like they’re so dumb they don’t know better. They’re doing this on purpose.

[exitseven]

Democrats have artificially manipulated the price of gas by having an agreement with OPEC they hope to fool voters into voting for Biden thinking that they are actually doing something to help the situation. As soon as Biden is installed again in the white House thew will make gas prices rise again.

[RealMarek]

It’s not an agreement with OPEC, it’s far worse than that. The price of oil has been suppressed by releasing oil from the strategic petroleum reserve. The SPR was supposed to only be used if Iran shut down the Strait of Hormuz. Now it’s at about 1/3 of capacity and these doofuses are trying to start a war with Iran. 🤦🏻‍♂️

[JacobJordan]

Ukraine certainly can take back what they lost it is just that should they accomplish that russia is liable to nuke ukraine

[Exterminatore]

This is clearly about collapsing the US economy…intentionally.

[zagor]

So Biden is to blame for Putin's fascism? Let's see, who was praising Putin not so long ago...

[RealMarek]

A lot of Ukrainian military units use nazi symbols. Stepan Bandera, a literal nazi collaborator, is an official hero of Ukraine. Putin is a lot of things but the only fascists in this war are on the Ukrainian side.

[Drewtate]

What does the us government have to do with Putin's socialist policies?

[zagor]

@RealMarek Yeah, that's why they have a Jewish president.

Putin invaded because the Ukraine no longer had a leader who toadied up to him.

[RealMarek]

@ragor There were Jews that collaborated with Hitler. Nothing new here. Kolomoisky, a Jewish Ukrainian oligarch, had the nazi Azov battalion on his payroll. Alll of this is thoroughly documented in the Western media before the war.

[zagor]

@RealMarek There were Jews who voted for Hitler, but just because they thought his anti-semitism was political bluster and they liked his policies.

But anyway, no one disputes that the Ukraine was corrupt. But so is/was Russia, and that is no reason to invade another country. Putin is a pig - do you really think the upcoming election will be fair in the least?

[RealMarek]

Yes, because if you have broad popular support as even a pro-Western polling agency in Russia admits, you don’t need to cheat to win an election.

[zagor]

@RealMarek When you lie shamelessly and control all the media it is easy to keep public support. Especially when you imprison anyone who publicly disagrees.

[RealMarek]

You seem to believe the mainstream Western media and the narrative our government peddles. I don’t. There is plenty of lying on our side too.

[zagor]

@RealMarek Yes, but anyone is free to publish their take on things without being imprisoned or thrown out a window. Or having their plane mysteriously crash.

[RealMarek]

Okay, but back to the original point. Fascism has a specific definition, and the only fascists in this war are Ukrainian. Also, Putin invaded because the West refused to rule out Ukraine entering NATO, Zelensky stated his intent to have nuclear weapons in Ukraine, and Ukraine was passing laws that were oppressive against ethnic Russians in Ukraine. This is all documented, although obfuscated by Western media and government sources.

[zagor]

@RealMarek So they invaded to protect ethnic Russians? That is the excuse Hitler used to take Czechoslovakia.

[RealMarek]

Sure, but that’s where the similarities end. You’re leaving out the artillery strikes on civilian targets in Donetsk and Zelensky stating his intent to base nuclear weapons in Ukraine. The US did not tolerate nukes in Cuba, so it is no surprise Russia won’t tolerate nukes on its border.

[zagor]

@RealMarek The Ukraine GAVE UP the nukes on its territory in return for promises of security and acceptance of its independence by Russia. See how far that went.

[Anonymous]

If Republicans are elected, inflation will go down and things will be affordable again.

[RedInnocent68]

Um, no. That’s not how inflation works.

[Drewtate]

In economics, inflation is a general increase in the prices of goods and services in an economy. This is usually measured using the consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices faced by households do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose.
Changes in inflation are widely attributed to fluctuations in real demand for goods and services (also known as demand shocks, including changes in fiscal or monetary policy), changes in available supplies such as during energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling.

[RedInnocent68]

It is not possible to say with certainty that US support for Ukraine has increased inflation in the US, globally, or by how much. Military spending is only one of many factors that influence inflation over time.

Not answering Russian aggression in Ukraine is dangerous to the world. It gives Russia permission to take back other Soviet empire states, China permission to to become more aggressive in Asia beginning with taking back Taiwan, and forces all countries to increase military spending, especially in Europe, which inevitably will drive global inflation even more.

Russian appeasement is no different than German appeasement in the 1930s. Hopefully, we recall how that turned out.

When did conservatives in the US go from Communists bad, must fight at home, in Korea, in Vietnam, in Afghanistan, and South America, to, meh, Jong Il and Putin seem like good guys…?

[Drewtate]

When a country has to print money to pay for military spending it increases inflation.

[RedInnocent68]

When did conservatives switch to military funding bad?

[Drewtate]

Military spending on another country's military. Military spending that's arms terrorists like ISIS bad yes?

[RealMarek]

“When did conservatives switch to military funding bad?” The shift has been happening for awhile. One failed war after another doesn’t help. A lot of boomer conservatives and the shrinking population of Christian zionists (many of them also boomers) tend to be hawkish. Most of the younger conservatives have no interest in supporting the military adventures of the globalist elites who, after all, hate the guts of conservative Americans. The young conservatives that the military relied upon to form its core fighting force (not its bureaucracy) object to the intersectional ideology being forced upon the military and are no longer joining up, resulting in a recruiting crisis.

[Drewtate]

@RealMarek Obama's failed coups in Syria and Libya

[RedInnocent68]

@RealMarek thank you for the insightful response. I hadn’t thought about that way before, but makes sense.

[RedInnocent68]

@drewtate to be fair, Libya, while half-assed, was no less successful than Iraq or Afghanistan.

[RealMarek]

@redinnocent68 You’re welcome. I know my people well.

[RealMarek]

@drewtate Basically all of US foreign policy after neoconservatives came to dominate both parties has been an unmitigated disaster. With few exceptions it has been bipartisan. Nikki Haley, for example, is paid by the defense industry and will double down on the insane policies with no better outcomes.

[Anonymous]

He only wants his 10%.