The political power of inflation

[SugarDaddy1]

Joe Biden is a man beset with problems on all sides. His domestic agenda has stalled in Congress and is unlikely to be restarted any time soon. His foreign policy has been a disaster. Afghanistan has collapsed, Russia looks set to acquire portions of Ukraine, and*China*is making noises about possessing Taiwan. And, of course, the coronavirus still rages. It was irresponsible and foolish of President Biden to promise as a candidate that he would “shut down” the virus — how does one shut down a highly communicable disease? — but promise he did, and he has caught the blame.

But of all the problems plaguing his White House, the most dangerous is inflation. If unchecked, it could destroy his party’s prospects in the November midterm elections and perhaps beyond.

The recent reading of the consumer price index indicated that the annual inflation level of 7% is higher than any on record in 40 years. Forty years is an important number, for it means that the overwhelming majority of Americans have never experienced inflation at these levels in their adult lifetimes. The youngest voters in 1982 would be 58 today, meaning that those at their peak earning during the “stagflation” of the late 1970s and early '80s would be about 80 years old. Most of us, in other words, have few personal memories of the phenomenon. This is why the study of history is so important, for it extends our knowledge of the past far beyond our own lifetimes and provides lessons on what to expect in the future.

“Predictions are hard, especially about the future” is an old proverb (variably attributed to Niels Bohr, Mark Twain, and even Yogi Berra) that happens to be true. Who knows what 2022 will bring? Right now, the Biden administration is reeling, but administrations have been put on their heels before, only to find solid footing once more. One thing we can be sure of: If inflation is still around at elevated levels in November, Biden and his Democratic Party will get absolutely crushed at the ballot box. Inflation is not merely an economic problem; it is a kind of social pestilence, and voters will not hesitate to rebuke the president for failing to eradicate it.

Source

 

[PaxNurgle]

Vetteman Creates Yet ANOTHER New Topic, and STILL Nobody Gives A Fuck

Message board users just shrug their shoulders and find more entertainment staring at grass than reading his latest drivel.

By Danisme Iollo | ForkinAy News

The widely disliked forum troll known variously as “Rightguide,” "Vetteman," “Counselor706” and more recently, "Sugardaddy 1” whose real name is Dmitri Rasnoyev, has created yet another new topic for the purpose of spouting the same ignorant, anti-American, anti-democracy drivel that most message board users have long ceased paying any attention to.

Speaking at an interview given at a KKK Rally in Surf City, Kansas, St. Petersburg, Russia native Rasnoyev complained that “Nobody reads my posts anymore. Nobody cares! I guess most people realize that I’m basically full of shit. But if I keep creating new accounts with different usernames, then I’ll totally fool people because nobody will be able to tell that it’s me. Ha ha ha!”

When asked why a Russian national would waste so much of his time trolling internet forums talking about American politics, Rasnoyev replied, “American democracy pisses me off. Russia’s goal, ultimately, is to undermine and weaken the United States, both economically, as world power, and as a functional democracy. So I’m just doing my part to help spread the message. If only more people would have listened, then Russia would have had their puppet for another four years!”

Rasnoyev stated that he will continue to post more of the same drivel until the forum administrator eventually bans him, at which time, he says, “It won’t matter! I already have so many screen names they can’t possibly shut down all of them. Someday I’ll have more than Busybody. That guy is totally my hero.” (Referring to chronically involuntarily celibate 30 year old Dudley Crowton, also known as “Busybody” who currently holds the record for usernames on internet forums.)

https//www.forkinaynews.net/vettemansbullshit/htm

 

[pecksniff]

One thing we can be sure of: If inflation is still around at elevated levels in November, Biden and his Democratic Party will get absolutely crushed at the ballot box.

Like the Republicans have a way to stop inflation? Haven't heard any of them mention it.

 

[Bud_Spencer]

Like the Republicans have a way to stop inflation? Haven't heard any of them mention it.

Stop spending.

 

[LittleDixie]

Stop creating currency and start destroying it.