" Democrats believe the benefits of the Plan far outweigh the small contribution it made to inflation. "

I love the way your mind works. " Democrats believe " I guess that allows you to disassociate from it. " far outweigh the small contribution it made to inflation. " That is almost a brilliant deflection and excuse. Almost brilliant.

I told you previously, when your boy Joe came into office there was already plenty of money injected into the system from the Trump C***d stimulus. The economy was opening up, demand was coming back. The very very last thing the economy needed was more stimulus, and more incentives for slackers to stay home from work.

But since this conflicts with your preconceived notion that Joe Biden could not possibly have done anything wrong, your mind is closed to the possibility that I am right.

" primarily a function of the oil price surge due to the imbalance brought on in the aftermath of the C****-** demand plunge. "

You got that part right. During the C***d lockdowns worldwide demand for diesel and gasoline and oil collapsed. I do not think that you and your oil hating L*****t compadres can fully grasp the ramifications of that. The oil industry runs on cash more than most other businesses. With the collapse of demand and price, oil and refinery operations shrunk tremendously.

I know you L*****ts were over joyed, but the downside effects to the rest of us were severe. When your boy Joe was awaiting becoming President, between being elected and taking office, demand for oil, gasoline, and diesel came roaring back. Well you can't simply switch refineries, oil fields, and pipelines back on. Perhaps if the industry had not shrunk back so badly, and there had been attempts to deal with this during the C***d shutdowns.

Trump had tried to fill up the strategic oil reserve. This would have resulted in two very positive conditions. First the reserve would have been filled up extremely cheaply because oil was dirt cheap. The more important result would have been keeping the oil industry from shrinking as much, which would have made ramping it back up easier when C***d abated.

Naturally Chucky Schumer and the rest of the scum bag Democrats blocked all of this. I know you are profoundly unaware of all of this.

I do thank you for not pulling the football away, and giving me a thoughtful answer.

Context, context, context context. What am I talking about ? You know, you claim to be an investor, or am I mistaken ? Could I be ? As an investor I assume you know that timing is important.

Example, you or I could have put our vast fortunes into real estate or the American Stock Market in 2007. Events would have proven us to be i***ts. Now if you or I had only held off until March of 2009 and did the exact same thing. Posterity would have proclaimed us financial geniuses.

To get back to how this relates to what Trump and Biden did. When Trump did his stimulus the nation was still in the throes of the C***d shutdowns. Everyone was afraid to spend, demand had collapsed. Giving average people extra pocket money encouraged them to leave their homes and spend money. This, along with reopening venues worked. The economy was reopening and people gained confidence to go out and retake their lives.

Then your boy Joe was elected. During that lag between November and January, the economy was roaring back. There was already plenty of money in everyone's pockets from Trump's stimulus and from the savings of those who had kept working during the p******c, and had not been able to spend freely. The problem was that supply of all goods and services could not be ramped up as fast as demand came back. Many workers had become comfortable with sitting on their fat asses and getting paid for it. Businesses had to pay up big to get those slackers out of their houses. There also was a bidding war for the good workers who had kept working through C***d. Workers could easily change jobs to seek the highest pay.

So finally Joe Biden takes office. He decides to play Santa Claus and throw even more money into an economy that was already bidding up the prices of everything. You only do that if you need more demand. Demand was fine. Throwing more money into the economy in March of 2021 was i***tically inflationary.

Timing, timing, timing, timing.

I try to understand the MAGA view of inflation.

During and after the p******c both presidents Trump and Biden played Santas Clause. Economists agree the stimulus checks that were thrown into the economy contributed to inflation. In year 2020 the checks under former president Trump represented a much higher input of cash. The checks delivered in 2021 under the Biden plan were much lower, but that money was, in your opinion, "i***tically inflationary". Have you found any experts to agree with you?

Here is one expert view. Theoretically, when a government issues stimulus checks, the money trickles down throughout the rest of the economy and spurs economic activity. With more economic activity comes more tax revenue. According to the authors, the extra tax revenue can then be used to pay off the debt incurred from the initial deficit. One tradeoff of issuing stimulus checks is the possibility of rising inflation.

" I try to understand the MAGA view of inflation. "

Why ??????????????????? Inflation is inflation. It is the government debasing your money. It is an added tax. You get less for your dollars. I fail to get your problem. Actually your problem is not that you do not understand " the MAGA view of inflation. " Your difficulty is in your continuing equating of Trump's actions with Joe Biden's actions.

I already explained the difference, which was that ' when ' Donald J. Trump did his stimulus the economy needed it because demand was not far enough along as the c***d restrictions were being relaxed. When Joe Biden signed his stimulus bill in March 2021, demand was no longer ' the ' problem. Supply became the problem. That is why your equivalence of Trump's and Biden's stimulus bills is in error.

Now I know you will get angry with me on this, because you really h**e my analogies, but I can't resist. Lets us look at the American economy as a farm field. The crop in the field is under performing. So farmer Old McDonald J. Trump puts $ 2.2 Trillion of fertilizer on the field. By the time the fertilizer begins to work on the crops in the field, a new farmer Sleepy Joe Biden owns the field. Joe is impatient with how fast the crops are growing, even though by this time they are doing well.

So Joe dumps $ 1.9 Trillion of more fertilizer on the field. This really juices the crops, but more is less. The excess fertilizer has burned the crops, plus it was put on at the wrong time. The plants are growing like hell, but producing less overall benefit. Inflation.

Ohhhhh, and whilst we are comparing the size of Trump's and Biden's ---- stimulus, I have a bone to pick with you. You said " In year 2020 the checks under former president Trump represented a much higher input of cash. The checks delivered in 2021 under the Biden plan were much lower, but that money was, in your opinion, "i***tically inflationary". "

My research says you have this ' fact ' wrong. I am willing to entertain that perhaps you counted two Trump stimulus bills, which again I am fuzzy on, but Trump's spring stimulus checks were $ 1,200. Biden's were $ 1,400.

https://www.newsweek.com/how-joe-biden-stimulus-deal-compares-donald-trump-key-issues-1574301

Admittedly I am splitting hairs, but I would expect you to call me out if you saw a questionable ' fact ' in my rantings.

Have a pleasant morning.

Your MAGA view of inflation is much too narrow when you state "Inflation is the government debasing your money." Inflation is caused by a range of factors. Fiscal and monetary policy is just one of them. If you have any interest in trying to understand the many factors that cause inflation, this discussion might help you.
https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-anyone-gain-it.asp#:~:text=Inflation%20can%20occur%20when%20prices

This presentation shows the dollar amount in stimulus checks issued in the years 2020 and 2021:

Round 1, March 2020: $1,200 per income tax filer, $500 per child (CARES Act)
Round 2, December 2020: $600 per income tax filer, $600 per child (Consolidated Appropriations Act, 2021)
Round 3, March 2021: $1,400 per income tax filer, $1,400 per child (American Rescue Plan Act)

Your crop in the field analogy reflects your MAGA view. Only one factor (fertilizer) is considered to affect inflation.

Please know how much I appreciate you being willing to still engage me in this debate. By now any of the other Liberals on OPP would have fled the scene of the crime, or simply insulted me. That said, you disappoint me with your answer on inflation. You give me a link to investopedia explaining inflation, as if I am a fresh high school graduate, with no personal experience of inflation, and no independent knowledge of the subject.

You may not like my views on inflation, they may be totally wrong, and my conclusions as to their causes and solutions could be drastically incorrect, but please note they are views created by years of thought, reading, and experience.

I lived through the high inflation of the 1970s. My first full time job 1975-1987 corresponded to the beginning, the worst, and the end of that inflation. Plus since I am a history buff, I have studied the debasing of the Western Roman Empire's coinage during the last few centuries of it's existence. I also studied the hyper inflation of the German Weimar Republic in the 1920s, which helped lead to the rise of Adolf Hitler.

My point is that when I talk about the general subject of inflation, I am giving you my own thoughts based on my study and experience. You on the other hand, do not seem to have personally thought very much about the subject at all, and you are farming out your argument to investopedia.

" Round 2, December 2020: $600 per income tax filer, $600 per child (Consolidated Appropriations Act, 2021) "

Good defense of your original statement. That second stimulus was what I was not sure of, and I will concede that it was inflationary and unnecessary by the Trump Administration.

Thank you for the conversation.

Our politicians in DC, and I include Republicans have been over spending for decades. All the so called " experts " admit this is unsustainable. During events such as WW2, these were necessary evils. Now it is inexcusable. You and I can disagree about whether increasing taxes would fix it. I say hell no.

This stupidity is fast catching up with America. These deficits are financed through borrowing and inflating our way out. We are in a similar position as the Spanish Empire was in the late 16th century. They were the richest and most powerful nation, at least in Christendom.

There were Spanish Galleon fleets bringing gold and silver from Latin America, yet Spain was always running deficits because they spent more than was coming in. Eventually Spain declined.

Increasing the money supply is always the real cause of inflation. Other factors cause that increase, but they do not excuse it. In the early 1970s when oil prices skyrocketed, America paid for it, and also the left over bills from the Vietnam War, by inflating the dollar.

We still agree that increasing the money supply is one of the causes of inflation. Members of Congress from both parties used C****-** to give up any pretense of fiscal responsibility and use deficit spending to enact a panoply of new programs. The spending spree from March 2020 to December 2022 led to the worst wave of inflation since the 1970s, fostering a labor shortage and broken supply chains. The rejection of Trump in the 2020 e******n may have been a reflection of v**er discontent with inflation.