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Whoopi Goldberg blames inflation on Corporate profits.
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Oct 21, 2022 15:53:45   #
Radiance3
 
Peaver Bogart wrote:
They aren't smart enough to know that when the price of materials that go into making a product go up, the price of that product will go up as well. Here's and example of just one, a bakery. (Whoopee should be familiar with bakeries)


=================
Don't expect Whoopi with anything except her dark race that put her at the View. She has a big mouth, and why must any dumb people believe with her stupid brain? She knows how to laugh. Put her on a comedy stage.

Reply
Oct 21, 2022 18:35:19   #
working class stiff Loc: N. Carolina
 
son of witless wrote:
I guess this is the line our leftist friends will take. What ever it is, it's never Joe's fault.

https://www.foxnews.com/media/whoopi-goldberg-freaks-out-over-media-not-reporting-real-culprit-behind-inflation-corporate-profits


How is this Joe's fault? The trend has been clear for a long time. It would be nice if you could back up your assertions with something that makes sense:

https://fred.stlouisfed.org/series/CP

Inflation is nothing more than a massive transfer of wealth from the working class to the elites:

https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/

It's the system set up by those who think 'socialism' is somehow evil, unlike capitalism which they claim distributes wealth in the fairest way possible....the best of all possible worlds.

What a crock or nonsense.

Reply
Oct 21, 2022 23:23:02   #
RandyBrian Loc: Texas
 
working class stiff wrote:
How is this Joe's fault? The trend has been clear for a long time. It would be nice if you could back up your assertions with something that makes sense:

https://fred.stlouisfed.org/series/CP

Inflation is nothing more than a massive transfer of wealth from the working class to the elites:

https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/

It's the system set up by those who think 'socialism' is somehow evil, unlike capitalism which they claim distributes wealth in the fairest way possible....the best of all possible worlds.

What a crock or nonsense.
How is this Joe's fault? The trend has been clear... (show quote)


Not a crock at all. Socialism is not evil. But Marxism has invariably led to socialism, which has invariably led to communism, which IS evil. Historically, this has been true every single time, unless capitalism was kept strongly in the mix. What is evil is the REASONS and GOALS the left have for pushing socialistic programs......control over the citizenry. A desire to have the power to control the populace. You know, what the left accuses Trump, incorrectly, of wanting to do.
Capitalism is better, the BEST of systems so far tried, not because it is inherently 'good', but because it works and creates the maximum amount of wealth for an individual willing to try. And anyone can do it. All they have to do is work hard, act smart, and they can profit from their own labor.
People like you and Milosia and Moldyoldie keep harping about the 'rich and powerful'. But authoritarian regimes all have a small extremely wealthy leader class, and a huge lower class of virtual serfs. Little or no middle class.
I started out with nothing. I paid attention in school, worked my way through college, got a decent job, and retired in the mid-middle class. Using nothing but my wits and my labor. The middle class in America is a direct result of our individual freedom to achieve, and our capitalistic system of rewards for labor. Community and state and federal cooperative programs are necessary for a few purposes due to funding and efficiency. But that is not the same as socialism.
You guys would destroy what we have by replacing it with socialistic programs based on 'equity' and 'fairness'.....both of which the elite leadership of the government would designate for us. We would wind up as an authoritarian banana republic.
No, thank you.

Reply
Oct 22, 2022 07:48:51   #
working class stiff Loc: N. Carolina
 
RandyBrian wrote:
Not a crock at all. Socialism is not evil. But Marxism has invariably led to socialism, which has invariably led to communism, which IS evil. Historically, this has been true every single time, unless capitalism was kept strongly in the mix. What is evil is the REASONS and GOALS the left have for pushing socialistic programs......control over the citizenry. A desire to have the power to control the populace. You know, what the left accuses Trump, incorrectly, of wanting to do.
Capitalism is better, the BEST of systems so far tried, not because it is inherently 'good', but because it works and creates the maximum amount of wealth for an individual willing to try. And anyone can do it. All they have to do is work hard, act smart, and they can profit from their own labor.
People like you and Milosia and Moldyoldie keep harping about the 'rich and powerful'. But authoritarian regimes all have a small extremely wealthy leader class, and a huge lower class of virtual serfs. Little or no middle class.
I started out with nothing. I paid attention in school, worked my way through college, got a decent job, and retired in the mid-middle class. Using nothing but my wits and my labor. The middle class in America is a direct result of our individual freedom to achieve, and our capitalistic system of rewards for labor. Community and state and federal cooperative programs are necessary for a few purposes due to funding and efficiency. But that is not the same as socialism.
You guys would destroy what we have by replacing it with socialistic programs based on 'equity' and 'fairness'.....both of which the elite leadership of the government would designate for us. We would wind up as an authoritarian banana republic.
No, thank you.
Not a crock at all. Socialism is not evil. But M... (show quote)


At this point I really don't see a difference between the distribution of wealth when comparing the outcome of communism and capitalism. I do agree that capitalism creates more wealth than communism, which is why I'm not a communist. However, if that wealth isn't distributed fairly, then what's the difference to the serfs in either system?
Like you, I started out with nothing and have built a comfortable life for my family and self through hard work so I'm not complaining nor envious. (I was also able to work my way through college without debt, but that is no longer possible unless one takes 8-10 yrs. to do so). But just because 'I got mine, jack' doesn't blind me to the other crabs still struggling to get out of the pot.

No, my fear is that the maldistribution of wealth in our country and it's continuance will lead to social unrest. My fear is that we are in an era that closely resembles the 1880s, and after, when the labor wars broke out. We have a huge chunk of our population that is 1 paycheck away from crisis, even if they have worked hard and followed the rules diligently. There is also a large chunk of our population that has given up because they don't see the rewards for following the rules and working diligently.

There is nothing wrong with 'fairness' as a concept and the working class know that what we have now has nothing to do with fairness. Consider that most banana republics and the communist system you don't want also have the same wealth distribution profile that we currently enjoy. To the majority of people, whether they work for tin horn dictators, the party bosses, or their capitalist owner makes very little difference. At some point they will rebel and whether the state that suppresses that rebellion is capitalist, communist, or some other dictatorship will look the same to them.

Our own political system, IMHO, is starting to closely resemble the imperial courts of the European aristocracy. That should give every American cause to pause..... there may come a time when the gated communities and mansions will resemble the deteriorating castles scattered throughout Europe and the rest of the world. The Democrats and Republicans look like the warring clans of old, chasing the money that is now 'speech'. They serve the interests of the wealthy in either case. I see evidence of barbarians gathering at the gates....I foresee, as the Chinese curse puts it, interesting times.

Reply
Oct 22, 2022 09:22:35   #
RandyBrian Loc: Texas
 
working class stiff wrote:
At this point I really don't see a difference between the distribution of wealth when comparing the outcome of communism and capitalism. I do agree that capitalism creates more wealth than communism, which is why I'm not a communist. However, if that wealth isn't distributed fairly, then what's the difference to the serfs in either system?
Like you, I started out with nothing and have built a comfortable life for my family and self through hard work so I'm not complaining nor envious. (I was also able to work my way through college without debt, but that is no longer possible unless one takes 8-10 yrs. to do so). But just because 'I got mine, jack' doesn't blind me to the other crabs still struggling to get out of the pot.

No, my fear is that the maldistribution of wealth in our country and it's continuance will lead to social unrest. My fear is that we are in an era that closely resembles the 1880s, and after, when the labor wars broke out. We have a huge chunk of our population that is 1 paycheck away from crisis, even if they have worked hard and followed the rules diligently. There is also a large chunk of our population that has given up because they don't see the rewards for following the rules and working diligently.

There is nothing wrong with 'fairness' as a concept and the working class know that what we have now has nothing to do with fairness. Consider that most banana republics and the communist system you don't want also have the same wealth distribution profile that we currently enjoy. To the majority of people, whether they work for tin horn dictators, the party bosses, or their capitalist owner makes very little difference. At some point they will rebel and whether the state that suppresses that rebellion is capitalist, communist, or some other dictatorship will look the same to them.

Our own political system, IMHO, is starting to closely resemble the imperial courts of the European aristocracy. That should give every American cause to pause..... there may come a time when the gated communities and mansions will resemble the deteriorating castles scattered throughout Europe and the rest of the world. The Democrats and Republicans look like the warring clans of old, chasing the money that is now 'speech'. They serve the interests of the wealthy in either case. I see evidence of barbarians gathering at the gates....I foresee, as the Chinese curse puts it, interesting times.
At this point I really don't see a difference betw... (show quote)


What you say is logical, reasonable, and makes a lot of sense. Except for one thing.
All that you see and are postulating is based on the premise that America has a small ruling class and a massive borderline serf class with no power, and that is simply not true.
There are the rich and the uber-rich, that is true. There is also a 'poor' class comprised mostly of people with severe disadvantages such as no education or skills or some level of disabilities. And yet America has the 'richest' poor class in the world. Virtually every family has a roof, food, a large TV, internet, vehicles, and most every person over ten has a smart phone. There is more ample help available through government and charitable agencies. I KNOW, because my family is involved in both. There are exceptions, but they are mostly made up of the mentally ill and self inflicted personal issues, such as drug and alcohol abuse.
But both of these 'classes' are in the minority. The vast majority of Americans are like you and me, and live in the middle class. Sure, it would be nice to have more, but we have the necessities and quite a lot of luxuries. We live in nice homes with AC, usually with multiple vehicles, we get paid OT for anything over 40 hours a week, we have computers and smart phones and video games and access to ridiculous amounts of entertainment.
But the most important point is that EVERY single one of us has POWER! The power to vote, to ban together with others of like mind and demand changes and improvements and to use our massed power of the vote to FORCE those changes.....if we can convince enough others to join in our cause.
THAT POWER is what is being threatened by the attempted socializing of America's agencies, the Democratic push to minimize capitalism, transform into a permanent nanny government, and most especially the leftest dominated education system and main stream media, which firmly believes the end justifies the means. It doesn't. Not in a free Republic.
My friend, we have so much in common, but please PLEASE re-evaluate what you are seeing in America. I spent almost 30 years as a member of a union, part of the AFL-CIO, including being an official and an elected representative in one of Texas larger locals. Thirty years of seeing them spoon feeding nonsense "information" to our members. Nothing but lies and distortions, year after year and decade after decade, I saw it from the mid-70s until after I retired, and beyond. All to boost their political influence with the Democrats. Because they are the same as the politicians you despise and fear. They believe the end justifies the means, and do not see how it corrupts the mind and soul.
We are both seeing the same evidence, and drawing entirely different conclusions. Please take a mental step back and do some objective evaluation, as I did in 1994 when I confronted my local's President about the political lying coming from our Union's office and from Washington DC. He admitted it, with the rationalization that the ends (defeating Republicans and conservatives) really DID justify the means, no matter how dishonest and despicable.
He had BECOME exactly what he routinely accused his political enemies of being. Something I have come to see as very common in the leftwing leadership.

Reply
Oct 22, 2022 10:18:55   #
working class stiff Loc: N. Carolina
 
RandyBrian wrote:
What you say is logical, reasonable, and makes a lot of sense. Except for one thing.
All that you see and are postulating is based on the premise that America has a small ruling class and a massive borderline serf class with no power, and that is simply not true.
There are the rich and the uber-rich, that is true. There is also a 'poor' class comprised mostly of people with severe disadvantages such as no education or skills or some level of disabilities. And yet America has the 'richest' poor class in the world. Virtually every family has a roof, food, a large TV, internet, vehicles, and most every person over ten has a smart phone. There is more ample help available through government and charitable agencies. I KNOW, because my family is involved in both. There are exceptions, but they are mostly made up of the mentally ill and self inflicted personal issues, such as drug and alcohol abuse.
But both of these 'classes' are in the minority. The vast majority of Americans are like you and me, and live in the middle class. Sure, it would be nice to have more, but we have the necessities and quite a lot of luxuries. We live in nice homes with AC, usually with multiple vehicles, we get paid OT for anything over 40 hours a week, we have computers and smart phones and video games and access to ridiculous amounts of entertainment.
But the most important point is that EVERY single one of us has POWER! The power to vote, to ban together with others of like mind and demand changes and improvements and to use our massed power of the vote to FORCE those changes.....if we can convince enough others to join in our cause.
THAT POWER is what is being threatened by the attempted socializing of America's agencies, the Democratic push to minimize capitalism, transform into a permanent nanny government, and most especially the leftest dominated education system and main stream media, which firmly believes the end justifies the means. It doesn't. Not in a free Republic.
My friend, we have so much in common, but please PLEASE re-evaluate what you are seeing in America. I spent almost 30 years as a member of a union, part of the AFL-CIO, including being an official and an elected representative in one of Texas larger locals. Thirty years of seeing them spoon feeding nonsense "information" to our members. Nothing but lies and distortions, year after year and decade after decade, I saw it from the mid-70s until after I retired, and beyond. All to boost their political influence with the Democrats. Because they are the same as the politicians you despise and fear. They believe the end justifies the means, and do not see how it corrupts the mind and soul.
We are both seeing the same evidence, and drawing entirely different conclusions. Please take a mental step back and do some objective evaluation, as I did in 1994 when I confronted my local's President about the political lying coming from our Union's office and from Washington DC. He admitted it, with the rationalization that the ends (defeating Republicans and conservatives) really DID justify the means, no matter how dishonest and despicable.
He had BECOME exactly what he routinely accused his political enemies of being. Something I have come to see as very common in the leftwing leadership.
What you say is logical, reasonable, and makes a l... (show quote)


Thank you for a reasoned response....I do appreciate interacting with you. I will try to find some time to respond, but can't do so now. And just so you know....I do try to take stock every once in a while to see if my understanding still fits the evidence.

Reply
Oct 22, 2022 20:11:40   #
RandyBrian Loc: Texas
 
working class stiff wrote:
Thank you for a reasoned response....I do appreciate interacting with you. I will try to find some time to respond, but can't do so now. And just so you know....I do try to take stock every once in a while to see if my understanding still fits the evidence.



Can't ask for more than that, my friend.

Reply
Oct 23, 2022 15:38:45   #
son of witless
 
working class stiff wrote:
How is this Joe's fault? The trend has been clear for a long time. It would be nice if you could back up your assertions with something that makes sense:

https://fred.stlouisfed.org/series/CP

Inflation is nothing more than a massive transfer of wealth from the working class to the elites:

https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/

It's the system set up by those who think 'socialism' is somehow evil, unlike capitalism which they claim distributes wealth in the fairest way possible....the best of all possible worlds.

What a crock or nonsense.
How is this Joe's fault? The trend has been clear... (show quote)


" How is this Joe's fault? The trend has been clear for a long time. It would be nice if you could back up your assertions with something that makes sense: "

How dare you try to beat me with my own stick ? I constantly octuple dog dare Leftist lunatics to back up their big mouths. I did not feel it necessary for me to do it because it has been done for over a year on OPP.

However, unlike your good buddies on the Left, I actually CAN put up and not have to shut up.

First off there was already excess liquidity in the American economy because of the Covid emergency bills prior to Joe Biden taking office. That was done because of the Covid shutdowns and was necessary to stop the complete collapse. However, by the time Joe Biden took office the need for that liquidity was over. The economy was opening back up. The opposite was true. Money needed to be sucked out of the economy as demand roared back.

So what does the Village Idiot Understudy do ? He keeps adding to the money supply. In March of 2021 your boy Joe pushed a $ 1.9 T in money we didn't need, plus it paid people to stay home and not work, right when the economy needed them. With more jobs opening up and your moron paying people not to go to work, businesses had to raise wages to get the few workers available. That was inflationary.

Then on top of those inflationary measures, Joe the Village Idiot Understudy, cut oil leases on federal land and did everything he could to screw over the oil and gas companies, to satisfy his global warming masters. That was ultra inflationary.

See how I did that ? I answered you. I did not flee the scene, or post pictures. I backed up my great big mouth. you on the Left can't do that.

Please please challenge me. I can easily answer anything you have the guts to throw at me.

Reply
Oct 23, 2022 19:30:12   #
working class stiff Loc: N. Carolina
 
RandyBrian wrote:

Can't ask for more than that, my friend.


Ok....I give you that I probably overstated some things in making my point: specifically, you are correct that the US does not have a 'serf' class the size that I implied when comparing the US to the communist nations and banana republics. You are also correct that the poor in the US are not as poor, absolutely, as most of the poor in other nations. I was too zealous in making my case.

We do have the right to vote and form associations. Point taken.

I do, however, worry that the economic trends, if they continue, do not bode well for our future. And I don't see our national political conversation in a position to deal with those trends.

Of course, these are issues one can write books about, so it's hard to put it into a format where most folks stop reading after 1 or 2 paragraphs. So, like I said, I do appreciate that you took the time to read and think about what I wrote.

Reply
Oct 23, 2022 20:20:51   #
Parky60 Loc: People's Republic of Illinois
 
working class stiff wrote:
Ok....I give you that I probably overstated some things in making my point: specifically, you are correct that the US does not have a 'serf' class the size that I implied when comparing the US to the communist nations and banana republics. You are also correct that the poor in the US are not as poor, absolutely, as most of the poor in other nations. I was too zealous in making my case.

We do have the right to vote and form associations. Point taken.

I do, however, worry that the economic trends, if they continue, do not bode well for our future. And I don't see our national political conversation in a position to deal with those trends.

Of course, these are issues one can write books about, so it's hard to put it into a format where most folks stop reading after 1 or 2 paragraphs. So, like I said, I do appreciate that you took the time to read and think about what I wrote.
Ok....I give you that I probably overstated some t... (show quote)

How could I take as an honest opinion one that is highly embellished and full of hyperbole?

But I do agree that the economic trends, all happening within the last two years, do not bode well for our future. And my personal belief is that what has happened in these last two years has only exacerbated the issue so that we are the past the point of no return.

Reply
Oct 24, 2022 00:43:57   #
RandyBrian Loc: Texas
 
Parky60 wrote:
How could I take as an honest opinion one that is highly embellished and full of hyperbole?

But I do agree that the economic trends, all happening within the last two years, do not bode well for our future. And my personal belief is that what has happened in these last two years has only exacerbated the issue so that we are the past the point of no return.


I think our economy can be fixed, but the bleeding by the Biden administration has to be stopped NOW, with the midterms. And we need to get common sense and proven workable polices back in order to correct things long term. Those are conservative policies, and NOT the childish and unworkable pipe dreams demanded by the left and willingly latched onto by the modern Democrat party.

Reply
Oct 24, 2022 08:49:09   #
working class stiff Loc: N. Carolina
 
son of witless wrote:
" How is this Joe's fault? The trend has been clear for a long time. It would be nice if you could back up your assertions with something that makes sense: "

How dare you try to beat me with my own stick ? I constantly octuple dog dare Leftist lunatics to back up their big mouths. I did not feel it necessary for me to do it because it has been done for over a year on OPP.

However, unlike your good buddies on the Left, I actually CAN put up and not have to shut up.

First off there was already excess liquidity in the American economy because of the Covid emergency bills prior to Joe Biden taking office. That was done because of the Covid shutdowns and was necessary to stop the complete collapse. However, by the time Joe Biden took office the need for that liquidity was over. The economy was opening back up. The opposite was true. Money needed to be sucked out of the economy as demand roared back.

So what does the Village Idiot Understudy do ? He keeps adding to the money supply. In March of 2021 your boy Joe pushed a $ 1.9 T in money we didn't need, plus it paid people to stay home and not work, right when the economy needed them. With more jobs opening up and your moron paying people not to go to work, businesses had to raise wages to get the few workers available. That was inflationary.

Then on top of those inflationary measures, Joe the Village Idiot Understudy, cut oil leases on federal land and did everything he could to screw over the oil and gas companies, to satisfy his global warming masters. That was ultra inflationary.

See how I did that ? I answered you. I did not flee the scene, or post pictures. I backed up my great big mouth. you on the Left can't do that.

Please please challenge me. I can easily answer anything you have the guts to throw at me.
" How is this Joe's fault? The trend has been... (show quote)


So as the rest of the world is experiencing the same inflation rates and higher, is that also Biden's fault? Seems to me that it's something more systemic than the policies of one administration. I think you want to everything to be Biden's fault for partisan reasons rather than trying to be objective.

I actually agree with you that the last stimulus should have been more targeted for use to help with rent, medical issues, and food as opposed to it's general nature. Whoopi blames corporate profits, you blame the president.
Really....what's the difference between those simplified answers?

Reply
Oct 24, 2022 09:33:19   #
Parky60 Loc: People's Republic of Illinois
 
working class stiff wrote:
So as the rest of the world is experiencing the same inflation rates and higher, is that also Biden's fault? Seems to me that it's something more systemic than the policies of one administration. I think you want to everything to be Biden's fault for partisan reasons rather than trying to be objective.

I actually agree with you that the last stimulus should have been more targeted for use to help with rent, medical issues, and food as opposed to it's general nature. Whoopi blames corporate profits, you blame the president.
Really....what's the difference between those simplified answers?
So as the rest of the world is experiencing the sa... (show quote)

You do realize that inflation is caused by massive amounts of money being added into the money supply and the global reserve currency is the U.S. dollar?

Reply
Oct 24, 2022 10:11:14   #
son of witless
 
working class stiff wrote:
So as the rest of the world is experiencing the same inflation rates and higher, is that also Biden's fault? Seems to me that it's something more systemic than the policies of one administration. I think you want to everything to be Biden's fault for partisan reasons rather than trying to be objective.

I actually agree with you that the last stimulus should have been more targeted for use to help with rent, medical issues, and food as opposed to it's general nature. Whoopi blames corporate profits, you blame the president.
Really....what's the difference between those simplified answers?
So as the rest of the world is experiencing the sa... (show quote)


The US is the World's largest semi self contained Global Economy. It controls it's own currency. Inflation happens when too many units of currency, dollars, marks, pounds, francs, lira, ruples, yen, or yuan are created. Weak and corrupt governments create excess currency to fund their operations. That is it !!!!!!!!!

In Switzerland they have low inflation because they resisted the temptation the rest of the world couldn't resist to debase their currency. In Amerika when the Democrats took over in 2021, they just printed what ever dollars they needed to fund their crazy ass Socialist Nightmares.

Don't you wish you could do that ? Just create money out of thin air ? Make yourself a $ Trillionaire ? Commie morons like your girl Occasio-Cortez think that's how you do it. Money is this magical thing, you wave your magic wand and print all you want. Consequences, Smonsequences.

Reply
Oct 24, 2022 16:32:36   #
working class stiff Loc: N. Carolina
 
son of witless wrote:
The US is the World's largest semi self contained Global Economy. It controls it's own currency. Inflation happens when too many units of currency, dollars, marks, pounds, francs, lira, ruples, yen, or yuan are created. Weak and corrupt governments create excess currency to fund their operations. That is it !!!!!!!!!

In Switzerland they have low inflation because they resisted the temptation the rest of the world couldn't resist to debase their currency. In Amerika when the Democrats took over in 2021, they just printed what ever dollars they needed to fund their crazy ass Socialist Nightmares.

Don't you wish you could do that ? Just create money out of thin air ? Make yourself a $ Trillionaire ? Commie morons like your girl Occasio-Cortez think that's how you do it. Money is this magical thing, you wave your magic wand and print all you want. Consequences, Smonsequences.
The US is the World's largest semi self contained ... (show quote)


Well sure....but prices are already inflated in Switzerland. Cost of living is on average 50% higher in there than in the US. Their inflation is built into the cost of living.

https://www.numbeo.com/cost-of-living/country_result.jsp?country=Switzerland

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