straightUp Loc: California

I think Democrats need to be a little better at choosing names for their policies and campaigns… Defunding the Police for instance is a horrible name for a policy that doesn't actually defund the police. But how would anyone, without the time to research policy, know that? You push a campaign to the public, calling it "defund the police" and people are going to think you are trying to put an end to law enforcement by stopping all funding for it. Duh.

The latest one is the Inflation Reduction Act of 2022… What?

It's not like inflation has ever been a policy that Congress can just switch on and off. Inflation, in the simplest terms, is the result of too many dollars chasing too few goods and services. In other words, market dynamics not government policy. That doesn't mean government policy won't have an affect but wh**ever effect that might be will be indirect and secondary to market influences.

It's just as absurd for Democrats to act like they can drive the economy with policies as it is for Republicans to act like the Democrats already have. Business drives the economy people - not the government. As long as our economy is based on free-market capitalism, there can be no one else to blame for when the economy sucks - It's always business and if the government is involved at all - the impact is indetectable against the larger influences of the market.

I have seen numerous conflicting opinions by reputable economists… some say the bill will inadvertently spike inflation, some say it will decrease inflation. We have to understand that none of them actually know. They are all making educated guesses at what effect a government policy is going to have on an already volatile market.

Most of these economists agree that wh**ever fluctuation the policy imparts on inflation - it won't be all that significant. I'll certainly agree with that. I would also point out that what *IS* significant are the wide assortment of deals baked into this bill. So let's get real… This bill is NOT an inflation reduction act - It's a budget reconciliation act. So why can't the Democrats call it what it is?

We can hope the effect on inflation will be to our advantage but I wouldn't expect much either way… I think the national conversation needs to be focused more on provisions themselves.

As for inflation, I think we need to learn how to be more discriminating about the market. If people want a revolution that will be where it happens.

As for the Democrats… stop trying to sell your policies to the TV audience, with misleading titles. I know it works but it's dishonest and at this point in time, the American people really need some straight talk.

JFlorio Loc: Seminole Florida

This is a horrible bill. Filled with pork. Any econ 101 student knows you cannot reduce inflation by spending more money. Also, be very skeptical of any Bill, from either side of the aisle that says in the short termdeficits will go up but ten years later, deficits will decrease. These lying assholes in D.C. can't predict next week let alone a decade later.
First Lie: calling this an inflation bill. The purpose of the bill is to address c*****e c****e, not inflation.
Second Lie: Helps the average American buy electric vehicles. It also provides $20 billion in cheap federal loans for automobile manufacturers to build “clean vehicle” factories and removes the cap on $7,500 tax credits for affluent Americans to buy electric vehicles.
Third Lie: I***t, compulsive liar and all around corrupt POS Biden has always said he would never raise taxes on those making less than $400,000/yr. While the bill would not reduce inflation, it would raise tax revenues by $470 billion, adding a new burden on American businesses that are already struggling under the weight of inflation, supply-chain issues and a historic labor shortage. And it breaks Biden’s promise never to raise taxes on any Americans making less than $400,000 a year. According to the Joint Committee on Taxation, the bill would raise taxes on Americans earning less than $200,000 to the tune of $16.7 billion in2023 and would generate $14.1 billion from those making between $200,000 and $500,000 a year. Indeed, Biden may be the first president to announce a major tax hike the same week that the economy entered its second straight quarter of negative growth — a traditional definition of recession.
Fourth lie: c*****e c****e is the number one threat to America. If that is true why do less than 1% of the
American people agree with them?
Lie five: This Bill is good for the majority of Americans: Once again, the Bill is geared towards the rich. The Biden administration is providing taxpayer subsidies to couples making $300,000 a year who can already afford a Tesla. So, calling this legislation what it really is, a climate tax will never be uttered by the liars in D.C..
Lie Six: (Not in the bill) We are not in a recession. Really? So, two quarters of negative GDP is no longer considered a recession. I guarantee it will be if a Republican president ever presides over two negative quarters of GDP. I'm in the business so I track the economy closely. We have had an inverted bond curve recently. The two year treasury is paying more than the ten year treasury. Just know; every single recession this country has ever gone through was proceeded by an inverted bond curve.

Biden is not only a failed President, he's a compulsive, dangerous liar. H**e Trump all you want. I don't much like him but the difference in the trajectory of the country since this t*****r Biden took over is astonishing. If you have eyes to see, and ears to hear.

Wonttakeitanymore

Agreed! But they choose this particular nomenclature to confuse people and throw them off what the bill is actually proposing! They say veterans and prescriptions but it is all about their g*******t agenda! It’s dishonesty!

JFlorio Loc: Seminole Florida

Now days the only good thing about a Bill out of D.C. is the title. The rest is pork and payoffs to special interests.

Radiance3

================
Everything you said is not correct, dishonest and a total lie. The opposite of the facts.

I'll explain and fix your problems in detail as soon as I've replaced my keyboard. Can't go further.

son of witless

That was a very kind spanking to give Democrats. You know they need a good thrashing, but you have bent them over your knee and are hitting their back side with a piece of foam rubber. Your defunding the Police rant is really a soft ball. The Democrats viciously attacked Law Enforcement, and your rewriting of history fools only one person, yourself.

As far as Government Policy not driving Inflation, you are irrational. Government spending is one mechanism that pumps too many dollars into the economy. When it is wasteful G***n E****y Spending it is worse. Also our economy runs on energy. The more energy, the cheaper the energy, the better.

When Joe the I***t Biden restricts Energy Supplies, he adds to the cost of everything. Pushing G***n e****y spending while punishing other energy suppliers is inflationary GOVERNMENT POLICY.

LogicallyRight Loc: Chicago

Agree with straightup and Florio. One thing to point out is that it was stated that the market rules and the government doesn't have that much sway. But I will disagree in that with a massive shut down in America over C***d, there was massive relief measures affecting the markets while not contributing to a market's natural movements of relative expansion and creating goods and jobs. Throw in the massive disruptions again in the markets by tightening up the energy markets for this false green BS and forcing that on the economy for no real value is another disruption by government that adversely affects the market with inflation and recession. I'll leave it at that for now.

Logically Right

tbutkovich

“Defunding the Police” should be changed to “Stripping the Police of All Authority and Protection.” Than it will have the true definition of how the woke’s are supporting the local police force.

elledee

The bill is just another demonrat con....total control freaks and grifters.....save working american's....V**E THEM OUT!!!!!

tbutkovich

Watching Joe Biden at work is like watching a Mr MaGoo cartoon. What were the v**ers thinking when they cast their v**e for Mr MaGoo!

straightUp Loc: California

We may not be talking about the same "Democrats". My references to the Democrats are limited to those active in politics as registered members of the Democratic Party. This would explain why I have not seen, nor heard of Democrats viciously attacking law enforcement.

Your refences to "Democrats" might include all the fringe people compelled to flip birds at law enforcement that you assume are either Democrats or pampered by Democrats. I don't make assumptions about mobs.


My analysis of history is based on what is already written. So, who's the fool for thinking it's a re-write?


I guess your missing the point then. BTW, why do you capitalize all your nouns?


That depends on how the money being spent is acquired. The correct way to do it (according to the U.S. Constitution) is for Congress to levy a tax to pay for the spending. This presents a zero sum game where money is being pumped around the economy but nothing is being added.

The other way is for the administration to borrow the money. Traditionally, this kind of spending is more associated with wartime emergency investments like war bonds, but in recent decades it has been a preferences, especially among Republican leaders, for spending cash without raising taxes, which means they don't even need congressional approval. Of course the downside is debt and where there is debt, money is being created.

The government has NEVER had the power to just "print" money out of thin air... That is another common misunderstanding. The Federal Reserve has that power, not the government. If the government wants to spend money it can either add to our taxes or add to our debt. Those are the choices...

The Federal Reserve on the other hand, CAN make money out of thin air so they can ALWAYS buy as many treasury bonds as the economy can withstand. This is where people often get confused. Yes, government spending can pump too much money into the economy IF that money is being borrowed from a fractional reserve banking system.

But getting back to your point... As far as I know, the spending proposed in the bill is funded through taxes. I haven't read the whole thing but if that's true, it pretty much invalidates your point.


I disagree... I think investments in g***n e****y are worthwhile.


Economies always run on energy. They always have.


better for what?


You people are STILL pushing that turd? Yes, limiting energy supplies can raise the cost of every operation along the supply chain, we all understand the basic idea. But all you have to do is look at the records to see that under Biden our energy supply has reached record breaking highs. We produce more oil now than we ever did under Trump. So your accusation that Biden is restricting energy supplies is utterly absurd.


I think what we have here is a chip on your shoulder. Your last statement is ridiculous - a testament to your overriding emotions. You h**e G***n E****y so much, you're just kicking and spitting.

BTW, energy supply is a global market - you might want to give that some thought before ranting about the control that one government has over it. ;)

straightUp Loc: California

Yes... precisely what I was saying in my closing statement.


Well, I think the title is somewhat dishonest in the sense that that it misrepresents what the bill is really doing. As a consequence, I imagine a lot of people have underestimated the weight of the provisions themselves and perhaps not even been aware that provisions for veterans and prescriptions are in there.

JFlorio Loc: Seminole Florida

Please try to avoid my name and that a-holes in the same sentence.

JFlorio Loc: Seminole Florida

Government now affects markets more than ever. with some industries being subsidized and others being "woked" to death. Tax policy and stimulus greatly affect the markets. Money gets dumped into the banks and ends up on Wall Street. Different Funds, now being dictated to by the government are making decisions on what to put into their portfolio, based simply on ideology.

son of witless

Wow, I thought I loved to talk. You sure out do me. But where to begin.

" We may not be talking about the same "Democrats". My references to the Democrats are limited to those active in politics as registered members of the Democratic Party. This would explain why I have not seen, nor heard of Democrats viciously attacking law enforcement. "

I'm sorry, but were you living under a rock, in a cave, on another planet, or at the bottom of the ocean from 2019 through 2021 ? Or were you just in a deep coma ?

https://www.cnn.com/2021/11/05/politics/defund-the-police-democrats/index.html