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Politics : Formerly About Advanced Micro Devices
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locogringo
To: Qone0 who wrote (1371204)8/17/2022 6:17:59 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) of 1575343
 
Qone0,
Stagflation is just a buzz word the right uses to put fear into people of the Carter years, when the the US didn't have enough oil production. Totally different circumstances between then and now.
I don't think so.

Stagflation is definitely occurring. We have met the classic definition of a recession, i.e. two consecutive quarters of negative GDP growth.

How does this administration respond? By blatantly gaslighting us and telling us that we aren't in a recession, that it's up to the bureaucrats at the NBER to decide, yada yada yada.

Oil is a huge factor in this current bout of stagflation, just like it was back during the Carter years.

The supply of money has greatly expanded thanks to the Fed, and it's going to take the Fed to contract it again, just like in the years following the Carter administration.

Our foreign policy greatly resembles that of the Carter administration, and although that might not have a direct impact on the economy, the similarities are too great to ignore.

Brandon may not have directly caused stagflation, but he definitely owns it. Even he was saying that inflation was temporary and that the supply chain issues will eventually be resolved. This was late last year.

He is a leaf blowing in the wind.

Tenchusatsu
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