Winners only.

[ThxOne Premium Member]

This cycle of ridiculous deficit spending started w/ "Supply-Side Reagan." How do you suggest we break that cycle? Do you think it would be wise to yank 3-4% of GDP out of the economy at this time or more accurately are you willing to pay the likely consequences of pulling 3-4% of the GDP out of the economy?

Are you aware that the Orange Fella holds the record for post ww2 deficit spending? Trump's 2020 deficit spending came in at 4x Biden's current deficit spending. Gee wonder why we have inflation??? Does Biden deserve credit for the massive reduction in deficit spending? 75% reduction is pretty huge?

Are you asking me, one person, how we should fix the economy? Really? Cycle of spending hmmm? Cycle as in revolving... going around and around... like a tire, yes? How does one stop a revolving tire? Simple, you puncture said tire and deflate it causing the cycle to end. The answer? SPEND LESS MONEY.

 

[RobGMN Premium Member]

What am I making up Rob, that is a question.

Like I said, I proved you made shit up when you "quoted" me. I showed you the post, what I said vs. what you said and it was not the same. Again Rob, you have selective memory. Your refusal to acknowledge the proof is not going to fly.

Read your own post below. Your asking me to enlighten the group on a claim that I have never made.
You are insinuating that I made the claim. In other words "making up" an event that never happened.

Fine then take it right on Rob... Enlighten all of us how this administration spending more than it has and just printing more money is a good thing.

 

[RobGMN Premium Member]

Are you asking me, one person, how we should fix the economy? Really? Cycle of spending hmmm? Cycle as in revolving... going around and around... like a tire, yes? How does one stop a revolving tire? Simple, you puncture said tire and deflate it causing the cycle to end. The answer? SPEND LESS MONEY.

Ahhh, so we crash the economy altogether? Excellent plan.
But then you won't even be able to GET gas, much less complain about the price.

 

[ThxOne Premium Member]

Read your own post below. Your asking me to enlighten the group on a claim that I have never made.
You are insinuating that I made the claim. In other words "making up" an event that never happened.

You stupid ***. I didn't say this post did I? Nope. I am saying you have done it before and I proved you did it before. Damn, it's like your brain is broken.

 

[ThxOne Premium Member]

Ahhh, so we crash the economy altogether? Excellent plan.
But then you won't even be able to GET gas, much less complain about the price.

What the fuck do you think is going to happen to the economy Rob with all this spending? Raising the FED rates... what do you think is going to happen? We are all somehow just going to miraculously be great and the country will somehow reset itself???

 

[YourNameHere 10+ year member]

NBC Retracts Report That Exposed New Details in Pelosi-Attack Investigation

NBC News reported new details of Paul Pelosi's attack on Friday and then promptly retracted the report.

www.yahoo.com

 

[Jimi77 Premium Member]

Are you asking me, one person, how we should fix the economy? Really? Cycle of spending hmmm? Cycle as in revolving... going around and around... like a tire, yes? How does one stop a revolving tire? Simple, you puncture said tire and deflate it causing the cycle to end. The answer? SPEND LESS MONEY.

I'm asking you relative questions. It's easy to say spend less money. Are you willing to suffer the effects of yanking 3-4% of GDP out of the economy? For the record the economy contracted 4.2% during the great recession. It's pretty safe to assume yanking 4% out of GDP would result in considerably greater than 4% economic contraction.

As a deficit hawk, does Biden get any credit for reducing deficit spending from 15% to 4%?

 

[ThxOne Premium Member]

I'm asking you relative questions. It's easy to say spend less money. Are you willing to suffer the effects of yanking 3-4% of GDP out of the economy? For the record the economy contracted 4.2% during the great recession. It's pretty safe to assume yanking 4% out of GDP would result in considerably greater than 4% economic contraction.

As a deficit hawk, does Biden get any credit for reducing deficit spending from 15% to 4%?

I don't think anything at this point is going to stop the reduction in GDP. The US spends and gives away more than it has and there is going to be a fuel shortage which will pretty much **** everything. Or do you think that is all made up and America is doing just fine?

 

[Jimi77 Premium Member]

What the fuck do you think is going to happen to the economy Rob with all this spending? Raising the FED rates... what do you think is going to happen? We are all somehow just going to miraculously be great and the country will somehow reset itself???

As I said before the healthiest the economy has been in my lifetime is 90s, with rates where ours are about to be.

What do YOU think is going to happen with the FED Funds rate at 3.85%??? What would YOU like Biden to do about the FRD funds rate? What would Trump do?

If you don't like deficit spending, then why do you seek to encourage it with low rates?

 

[ThxOne Premium Member]

As I said before the healthiest the economy has been in my lifetime is 90s, with rates where ours are about to be.

What do YOU think is going to happen with the FED Funds rate at 3.85%??? What would YOU like Biden to do about the FRD funds rate? What would Trump do?

If you don't like deficit spending, then why do you seek to encourage it with low rates?

Where it is now is in the preferred zone... do you really think that is where it is going to stay???? You can't tell me you don't see what is about to happen to this country and the economy.

 

[RobGMN Premium Member]

I don't think anything at this point is going to stop the reduction in GDP. The US spends and gives away more than it has and there is going to be a fuel shortage which will pretty much **** everything. Or do you think that is all made up and America is doing just fine?

GDP waxes and wanes like everything else in the economy. I know you'll likely say the numbers are "bullshit", but it has actually been going up again since it tanked in Q2 of 2020.

I think the thing that will stop the reduction is the fact that it is going up, and not down.
Why do you think a fuel shortage will **** everything, when you deny that supply and demand control prices?

 

[ThxOne Premium Member]

GDP waxes and wanes like everything else in the economy. I know you'll likely say the numbers are "bullshit", but it has actually been going up again since it tanked in Q2 of 2020.

I think the thing that will stop the reduction is the fact that it is going up, and not down.
Why do you think a fuel shortage will **** everything, when you deny that supply and demand control prices?

View attachment 44309

Because this country runs on Diesel and if there is none, everything with stop. No trucks to deliver, no boats to transport, no charging stations for those cute electric cars, it will stop and stop quickly.

 

[Jimi77 Premium Member]

I don't think anything at this point is going to stop the reduction in GDP. The US spends and gives away more than it has and there is going to be a fuel shortage which will pretty much **** everything. Or do you think that is all made up and America is doing just fine?

I agree the recession is inevitable. Do you want to yank 4% out of GDP and go from inevitable recession to the biggest economic contraction since the great depression?

Even if you felt that would be worthwhile do you think there is any politician in the US who would purposely cause the biggest recession in 100 years?

Even Biden wanted to eliminate deficit spending do you think his party would go along?

Even if Biden could somehow pull it off, what's to stop Trump or DeSantis from jacking up deficit spending to pull the economy out of recession?

 

[RobGMN Premium Member]

Because this country runs on Diesel and if there is none, everything with stop. No trucks to deliver, no boats to transport, no charging stations for those cute electric cars, it will stop and stop quickly.

Petroleum accounts for about 0.3-0.5% of electricity production, so a major disruption of diesel would do virtually nothing to that sector. EVs will get charged just like they did before.

A total loss of diesel would be absolutely disruptive to any vehicle that runs on it. Electric vehicles? Not so much.
What makes you think diesel is going to go away so rapidly?

 

[Jimi77 Premium Member]

Because this country runs on Diesel and if there is none, everything with stop. No trucks to deliver, no boats to transport, no charging stations for those cute electric cars, it will stop and stop quickly.

EV's can charge off the non-diesel portion of the grid. Ironically, EVs would have to truck the diesel to truck stops to restart the trucking industry. I guess it's a good thing America is reducing it's reliance on fossil despite the GOP's efforts to stand in the way of anything green.

Ironically, back in May industry experts were warning the diesel supply was getting low due to exports. The more you point out the problems with our oil industry, the more it seems like we should nationalize it like many countries do. I'd bet Venezuelan Truckers aren't sweating out a diesel shortage.