Joe Biden:"I'm Going To Create Jobs That Pay $45/hr"

Wild self

The Black Man will prosper!
Supporter
Joined
Jun 20, 2012
Messages
83,293
Reputation
12,190
Daps
225,798
Still in shock from this thread brehs legit upset there are gonna be good Jobs for folks I can't wrap my head around it :mindblown:

The Coli is MAGA haven with Reaganomics BS ECONOMIC philosophies that been proven false.

Dont listen to these dudes getting upset that more jobs paying people $92k per year are created. :coffee:
 

Ozymandeas

Veteran
Joined
Jan 28, 2013
Messages
16,564
Reputation
2,937
Daps
77,564
Reppin
NULL
I know it’s not specifically him but this happened under his watch so it is going to be attached to him. Increasing government spending directly affects the money supply.

How does it work, though?

Government spending (fiscal policy) can cause inflation but it would have to be on a massive scale. Besides, they could always raise taxes in some areas or cut spending in some areas to suck the money right back out. Usually, it’s the monetary side causing inflation. And it takes them longer to reverse course. The Fed has held rates near zero since 2008. We needed it coming out of the crash but now we’ve grown so reliant on it no Fed Chair wants to be the one to raise it back to 5%. I would say what we’re seeing now is a combination of the Fed holding rates low, multiple stimulus plans from Congress, and the economy shutting down with less products being produced or still backed up in the supply chain thus businesses are paying more to get what products are available and passing on those costs to us. The Fed can easily raise rates and cool everything back down but that would kill Biden’s economy short term. All these nikkas trying to play real estate mogul would have the :sadcam: face and the markets would nose dive but it’s necessary.

Federal Funds Rate - 62 Year Historical Chart
 
Top