How did Biden manage to create inflation and high gas prices in other countries?
Just curious how Biden has that much power.
46-50, M
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Fukfacewillie · 56-60, M
Americans' relationship with their Chief Executive is an odd one -- the Founders wanted power spread over three co-equal branches of government, but somehow they also think the President is omnipotent when he belongs to the opposing party.
And then there is the relationship Americans have with facts, or lack thereof. 1000 economists can tell you all about inflationary pressures that have nothing to do with Biden, but because he's a Democrat it won't make any difference to Republicans.
And then there is the relationship Americans have with facts, or lack thereof. 1000 economists can tell you all about inflationary pressures that have nothing to do with Biden, but because he's a Democrat it won't make any difference to Republicans.
SumKindaMunster · 51-55, M
@Fukfacewillie Really? So him cancelling oil field projects and pipelines, the sanctions on Russia, the war in Ukraine and a new, belligerent tone with the Saudis certainly didn't help, now did they?
Biden and his administration have blood on their hands with this. Sure there are other factors here, but you wanna tell me his deliberate policy actions haven't impacted the price of oil/gas and stoked inflation?
Biden and his administration have blood on their hands with this. Sure there are other factors here, but you wanna tell me his deliberate policy actions haven't impacted the price of oil/gas and stoked inflation?
Fukfacewillie · 56-60, M
@SumKindaMunster "Many people attributed the entire price rise to President Biden, but in reality it began before Biden took office. Further, it was neither primarily President Trump nor President Biden’s fault — and these price surges were taking place all over the world.
To be clear, the stimulus money that both presidents approved had some impact. When people have more money, they spend it. Demand for goods rises, driving inflation. Stimulus money played a minor part in the gasoline price rise, but it was primarily a function of the oil price surge due to the imbalance brought on in the aftermath of the Covid-19 demand plunge."
https://www.forbes.com/sites/rrapier/2022/03/13/how-much-of-the-gasoline-price-surge-is-president-bidens-fault/?sh=7752406f7c8b
The only thing Biden did that had an impact, per this Forbes article, was ban Russian oil, which I support.
To be clear, the stimulus money that both presidents approved had some impact. When people have more money, they spend it. Demand for goods rises, driving inflation. Stimulus money played a minor part in the gasoline price rise, but it was primarily a function of the oil price surge due to the imbalance brought on in the aftermath of the Covid-19 demand plunge."
https://www.forbes.com/sites/rrapier/2022/03/13/how-much-of-the-gasoline-price-surge-is-president-bidens-fault/?sh=7752406f7c8b
The only thing Biden did that had an impact, per this Forbes article, was ban Russian oil, which I support.
SumKindaMunster · 51-55, M
@Fukfacewillie I don't disagree that the causes were shared by both administrations, and Covid 19 was the catalyst to start driving inflation up.
The original question was what Biden did that could have contributed to rising inflation and oil/gas prices. I mentioned 4 things, I only see you acknowledging one of them, the sanctions on Russia. I made a point of referencing 4 specific policy changes that Biden undertook which I believe directly impacted inflation and drove the price of oil and gas up higher.
I mentioned his administration cancelling fossil fuel projects, the proxy war in Ukraine and the belligerent tone directed at the Saudis as also directly impacting the price of oil to the upside, which of course also stokes inflation.
The original question was what Biden did that could have contributed to rising inflation and oil/gas prices. I mentioned 4 things, I only see you acknowledging one of them, the sanctions on Russia. I made a point of referencing 4 specific policy changes that Biden undertook which I believe directly impacted inflation and drove the price of oil and gas up higher.
I mentioned his administration cancelling fossil fuel projects, the proxy war in Ukraine and the belligerent tone directed at the Saudis as also directly impacting the price of oil to the upside, which of course also stokes inflation.
Fukfacewillie · 56-60, M
@SumKindaMunster I don't think Biden is at fault for OPEC's decision to cut oil production, but I wish the US was more belligerent to Saudi Arabia. The fist bump was an embarrassment. I am also a huge supporter of the US's support of Ukraine, and don't know if it has impacted gas prices more than the Russian oil ban. I'm not denying that it has, just don't know.
SumKindaMunster · 51-55, M
@Fukfacewillie Ok, well maybe for you its not that big of a deal since you seem to care about larger issues. I think its ridiculous the US is acting "belligerent" to Saudi Arabia. For what? Anything they've done, we've sanctioned and/or supported. There is no reason to piss off allies to virtue signal about ending fossil fuels. We don't need to do that.
Fukfacewillie · 56-60, M
@SumKindaMunster The US has definitely sanctioned and supported, and looked the other way, for oil. And I was okay with that, but didn't love it. Now? Not so much.