Might want to change the thread title. Looking down today
I don’t think so. Inflation is a real problem, but it’s not the only issue motivating voters. I also think the message is slowly reaching people:
the Republicans, if they win this November, will do nothing to reduce inflation.
With a veto pen it will be hard to "get anything done". But certainly substantial proposals over regulatory costs (which Biden has way outstripped Obama in increasing compliance cost there) and unleashing our energy capabilities instead of groveling to SA and Venezuela will be out there. Both of those are quite disinflationary.
If the Republicans held every seat in the House, Senate, and the Presidency as well, I still don’t believe they could reduce inflation.
Well, the $1 trillion student loan giveaway likely wouldn't be in play. That's inflationary of course. The hundreds of billions to 'fight climate change' likely wouldn't be in play either. Those are both inflationary.
The Biden admin and the democrats in both chambers are extending this period of historic inflation. It's true that the prior 2.5 years are part of the problem here due to supply chain messes and paying people to not work, but I would submit that another period of 'lockdowns' or suppressed economic activity is far more likely to happen under Democratic control than Republican.
First off neither of the bills you mentioned are necessarily inflationary.
Anybody can assert whatever they want and rationalize it whatever way they want, but you're trying way too hard to defy logic here and it is impossible to think it not because you think both are good for other reasons. Thinking both are good despite being inflationary is ok but seems like you're letting your bias get the best of rational thought.
I don’t think so. You and others seem to be making the assumption that any time the government either spends more money or forgives money, it’s inflationary.
That’s not necessarily so. In the case of the college loans, they were suspended from being paid for a long time before now. So I’m not sure how an extension of the fact creates inflation. In terms of the climate change bill, that spending is going to be over the next decade and none of it has really begun yet. A lot of it is in the form of tax incentives and if it goes well it will lead to job creation. So even though it MIGHT be inflationary long term (and this is quite debatable) it’s effect on the current inflation situation is nil.
I think my arguments above do represent “rational thought.” Of course you’re free to disagree. But don’t you think statements like “you’re letting your bias get the best of rational thought” are both patronizing and insulting?