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Non-Tech : Kirk's Market Thoughts
COHR 154.52-3.0%Nov 7 9:30 AM EST

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To: rdkflorida2 who wrote (12438)11/30/2021 11:12:28 AM
From: Kirk ©  Read Replies (1) of 26439
 
One more... that was a good post!
Anyone who thinks 30% to 100% tariffs are not part of current inflation needs to take an economics 101 course.
Good article in the SJ Mercury Opinion section from Bloomberg...

Biden’s inflation pitch doesn’t pass laugh test
‘BUILD BACK BETTER’ CLAIM
By Ramesh Ponnuru
President Joe Biden has taken to saying that the Democrats’ “Build Back Better” legislation will reduce inflation. This spin isn’t just unconvincing. It underscores the absurdity of the Democrats’ political project.
snip...
Targeted deregulation and tariff reduction would ease some supply shortages. More automation of ports would improve their efficiency, but unions have resisted it and the bipartisan infrastructure bill Biden signed on Monday blocks any funds from going toward it. The Democratic party’s interest groups and ideology combine to stop it from fighting to cut costs.

snip...
The truth is that the Democrats aren’t pursuing this bill in the spirit of meeting a national objective. They’re just trying to cram as much of the progressive agenda as they can get through Congress before Republicans can end their control of it in the next election. That’s not the kind of advertising pitch likely to work on the public, though. And so we have ended up with the president pretending that this bill is his big idea to whip inflation.
So, do you think President Biden:
  1. is lying and understands the issues?
  2. "needs to take an economics 101 course"
  3. other?
So the lower paid checkers and tellers can have their jobs automated away while highly paid crane operators won't see their jobs automated and the president wants to codify this into law?
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