If you had been trying to create high inflation and a recession, there is
nothing you could do that would be any more effective than what the Democrats
did. (And it would have been worse if they had gotten their heart's desire,
"Build Back Better".)

1. From day one, move to make fuel and energy more expensive. After all, energy
shocks are proven to create recessions.

2. Inject huge amounts of borrowed money into the economy with the largest-ever
spending bill, passed on party line with reconciliation.

3. Spend what money you have with productivity-killers like unemployment, loans
for prostitutes and scammers, and canceling student debt.

Voila! Here we are.

I am not pretending that we wouldn't have had some economic problems if the
Republicans had won and the prior policies would have continued. (Of course
the Dems would have reaped the political rewards of that and regained control
of Congress in 2022.) But I will say that the improved productivity, marginally
better fiscal restraint, and greatly improved energy policy would have made
things much better than they are.

I'm losing a lot of money, of course, but I am lucky. The people taking it on
the chin, as usual, are the poor. Expect 100 million to starve worldwide, and
a billion to slip back to abject poverty. Thanks, Democrats. As usual, socialism
kills.

--
"I find that a great part of the information I have was acquired
by looking up something and finding something else on the way."
-- Franklin Pierce Adams

Con Reeder, unhyphenated American <constance@duxmail.com> wrote:
> If you had been trying to create high inflation and a recession, there is
> nothing you could do that would be any more effective than what the Democrats
> did. (And it would have been worse if they had gotten their heart's desire,
> "Build Back Better".)
>
> 1. From day one, move to make fuel and energy more expensive. After all, energy
> shocks are proven to create recessions.

So let’s talk about energy.

US refining capacity went down by 800,000 barrels per day in 2020. During
the last administration.

The Ukraine war and our sanctions on Russia have also raised prices.
Republicans supported that (and in fact complained it didn’t go far enough)

The Trump administration put a 10 year moratorium on oil and gas prices in
the eastern Gulf of Mexico, to get Florida votes.

And then there’s this:
https://twitter.com/petel1973/status/1535364932023230465?s=21&t=YjAX1r6UkfKMyOijDH7zHw
(Trump bragging about a deal with Saudi Arabia to cut oil production to
help prop up oil prices in 2020. Now Biden is having to go to Saudi Arabia
to try to convince them to reverse this deal

I’m not saying Biden’s policies on energy have been ideal. But there were
plenty of Republican policies that contributed too, and their effect is as
big or bigger than any Biden policies.

> 2. Inject huge amounts of borrowed money into the economy with the largest-ever
> spending bill, passed on party line with reconciliation.
>
> 3. Spend what money you have with productivity-killers like unemployment, loans
> for prostitutes and scammers, and canceling student debt.

Most of that has been over for a long time and one of it (student debt
cancellation) hasn’t happened.

Oh and you forgot one: punitive trade war tariffs, which Trump imposed.
Sure Biden should reverse them and hasn’t, but that’s a Trump policy yet
you labor under the illusion that he’s the good policy decision maker.
>
> Voila! Here we are.
>
> I am not pretending that we wouldn't have had some economic problems if the
> Republicans had won and the prior policies would have continued. (Of course
> the Dems would have reaped the political rewards of that and regained control
> of Congress in 2022.) But I will say that the improved productivity, marginally
> better fiscal restraint, and greatly improved energy policy would have made
> things much better than they are.
>
> I'm losing a lot of money, of course, but I am lucky. The people taking it on
> the chin, as usual, are the poor. Expect 100 million to starve worldwide, and
> a billion to slip back to abject poverty. Thanks, Democrats. As usual, socialism
> kills.
>

--
“I usually skip over your posts because of your disguistng, contrarian,
liberal personality.” — Altie

On Friday, June 10, 2022 at 10:04:01 AM UTC-7, Con Reeder, unhyphenated American wrote:

> 1. From day one, move to make fuel and energy more expensive. After all, energy
> shocks are proven to create recessions.

If you won't Stay The Fuck At Home one way, then we're going to make it punitive on you.
> 2. Inject huge amounts of borrowed money into the economy with the largest-ever
> spending bill, passed on party line with reconciliation.

Most every business in this country DIES in the March 2020-? timeframe without the stimuli.

Just admit you want the unproductive to die.
> 3. Spend what money you have with productivity-killers like unemployment, loans
> for prostitutes and scammers, and canceling student debt.

Then start killing the unproductive. You'd have to about halve the current US population.

The only way you get productivity is through making every choice to do otherwise a Hobson's.
> I am not pretending that we wouldn't have had some economic problems if the
> Republicans had won and the prior policies would have continued. (Of course
> the Dems would have reaped the political rewards of that and regained control
> of Congress in 2022.) But I will say that the improved productivity, marginally
> better fiscal restraint, and greatly improved energy policy would have made
> things much better than they are.

No, because, at that point, eliminative Martial Law would've been the only way through.

Remember, also, that more than a few of the Q Brigade believe those of us who are vaccinated are spreading it ourselves.
> I'm losing a lot of money, of course, but I am lucky. The people taking it on
> the chin, as usual, are the poor. Expect 100 million to starve worldwide, and
> a billion to slip back to abject poverty. Thanks, Democrats. As usual, socialism
> kills.

Socialism has saved 100 million (current) lives in this country. The problem is whether you think that is a good thing -- and I don't think Conservatives can believe that.

You need The Purge. And you need it NOW.
Mike

On 6/10/2022 1:03 PM, Con Reeder, unhyphenated American wrote:
> If you had been trying to create high inflation and a recession, there is
> nothing you could do that would be any more effective than what the Democrats
> did. (And it would have been worse if they had gotten their heart's desire,
> "Build Back Better".)
>
> 1. From day one, move to make fuel and energy more expensive. After all, energy
> shocks are proven to create recessions.
>
> 2. Inject huge amounts of borrowed money into the economy with the largest-ever
> spending bill, passed on party line with reconciliation.
>
> 3. Spend what money you have with productivity-killers like unemployment, loans
> for prostitutes and scammers, and canceling student debt.
>
> Voila! Here we are.
>
> I am not pretending that we wouldn't have had some economic problems if the
> Republicans had won and the prior policies would have continued. (Of course
> the Dems would have reaped the political rewards of that and regained control
> of Congress in 2022.) But I will say that the improved productivity, marginally
> better fiscal restraint, and greatly improved energy policy would have made
> things much better than they are.
>
> I'm losing a lot of money, of course, but I am lucky. The people taking it on
> the chin, as usual, are the poor. Expect 100 million to starve worldwide, and
> a billion to slip back to abject poverty. Thanks, Democrats. As usual, socialism
> kills.
>

+1

--
ÄLSKAR - Fänga Dagen

Слава Україні та НАТО

On 2022-06-11, xyzzy <xyzzy.dude@gmail.com> wrote:
> Con Reeder, unhyphenated American <constance@duxmail.com> wrote:
>> If you had been trying to create high inflation and a recession, there is
>> nothing you could do that would be any more effective than what the Democrats
>> did. (And it would have been worse if they had gotten their heart's desire,
>> "Build Back Better".)
>>
>> 1. From day one, move to make fuel and energy more expensive. After all, energy
>> shocks are proven to create recessions.
>
> So let’s talk about energy.
>
> US refining capacity went down by 800,000 barrels per day in 2020. During
> the last administration.
>
> The Ukraine war and our sanctions on Russia have also raised prices.
> Republicans supported that (and in fact complained it didn’t go far enough)
>
>
> The Trump administration put a 10 year moratorium on oil and gas prices in
> the eastern Gulf of Mexico, to get Florida votes.
>
> And then there’s this:
> https://twitter.com/petel1973/status/1535364932023230465?s=21&t=YjAX1r6UkfKMyOijDH7zHw
> (Trump bragging about a deal with Saudi Arabia to cut oil production to
> help prop up oil prices in 2020. Now Biden is having to go to Saudi Arabia
> to try to convince them to reverse this deal
>
> I’m not saying Biden’s policies on energy have been ideal. But there were
> plenty of Republican policies that contributed too, and their effect is as
> big or bigger than any Biden policies.

Apparently the market disagrees. Will there be ebbs and flows in any
industry? Sure. But when they are all one way that turns the tide.
Biden reined in none of the negatives and dampened all the positives.
He sent a signal, as did the rest of the left with the ESG crap which
is ridiculous bullshit. See the great talk by Stuart Kirk of HSBC:

https://www.youtube.com/watch?v=bfNamRmje-s

Again, I didn't pretend there wouldn't have been problems under Trump. But
the Democrats stated they were at war with fossil fuels, targeted investment
in "green" energy, and we have reaped the results of that. Investment follows
sentiment.

>
>> 2. Inject huge amounts of borrowed money into the economy with the largest-ever
>> spending bill, passed on party line with reconciliation.
>>
>> 3. Spend what money you have with productivity-killers like unemployment, loans
>> for prostitutes and scammers, and canceling student debt.
>
> Most of that has been over for a long time and one of it (student debt
> cancellation) hasn’t happened.

But the targeting of money to Democrat priorities did happen, and it
is mostly productivity killers. Sending more money to terrible
teachers in ludicrously bad urban schools does nothing good for our
economy. Ladling money out so fast that billion after billion gets
grabbed by thieves is not good. Remember Democrats complaining that
Florida was making it difficult to get unemployment and PPP money?
Well, yes, if you actually go through the process of verifying the
claims, that takes some time. California, on the other hand, made it
very easy, and billions went to fraudsters including tens of millions
to *inmates in prison*.

> Oh and you forgot one: punitive trade war tariffs, which Trump imposed.
> Sure Biden should reverse them and hasn’t, but that’s a Trump policy yet
> you labor under the illusion that he’s the good policy decision maker.

Again, did I claim that 100% of Trump's policies were good? I did not. And
you can point to negatives anywhere. It doesn't change the fact that Biden
spent huge amounts that even people in his own party were leery of. They
didn't listen to Larry Summers nor anyone. That is the risk of rammed-through
party-line legislation. You have no brakes and ultimately no one else to blame.

The results speak for themselves. Again, I said that I thought there would
have been some problems regardless. What the Democrats have done is exacerbated
the things that were building anyway. They stated they were going to make fossil
fuels difficult, and by God, they succeeded. That and the ARP was the gasoline
added to a fire that was no doubt already being stoked.

--
"It is a remarkable fact that despite the worldwide expenditure of perhaps
US$50 billion since 1990, and the efforts of tens of thousands of scientists
worldwide, no human climate signal has yet been detected that is distinct
from natural variation." - Bob Carter

On 2022-06-11, Con Reeder, unhyphenated American <constance@duxmail.com> wrote:
> On 2022-06-11, xyzzy <xyzzy.dude@gmail.com> wrote:
>> Con Reeder, unhyphenated American <constance@duxmail.com> wrote:
>>> 2. Inject huge amounts of borrowed money into the economy with the largest-ever
>>> spending bill, passed on party line with reconciliation.
>>>
>>> 3. Spend what money you have with productivity-killers like unemployment, loans
>>> for prostitutes and scammers, and canceling student debt.
>>
>> Most of that has been over for a long time and one of it (student debt
>> cancellation) hasn’t happened.
>
> But the targeting of money to Democrat priorities did happen, and it
> is mostly productivity killers. Sending more money to terrible
> teachers in ludicrously bad urban schools does nothing good for our
> economy. Ladling money out so fast that billion after billion gets
> grabbed by thieves is not good. Remember Democrats complaining that
> Florida was making it difficult to get unemployment and PPP money?
> Well, yes, if you actually go through the process of verifying the
> claims, that takes some time. California, on the other hand, made it
> very easy, and billions went to fraudsters including tens of millions
> to *inmates in prison*.

And here's Illinois, rushing to send unemployment to all of those
diverse and needy people:

Illinois paid out nearly $2 billion in federal funds for
fraudulent pandemic unemployment claims, audit finds

By Joe Mahr and Dan Petrella Chicago Tribune Jun 16, 2022 at 5:06 pm

Fraudsters stole more than half the money paid out by the
state from a special pandemic unemployment fund, pilfering
nearly $2 billion in federal money that was supposed to
help out-of-work Illinoisans, according to a state audit
released Thursday.

The audit offers the first estimate for Illinois’ share of
the mammoth fraud that swept the country during the pandemic
as states were hit with a deluge of unemployment claims. The
audit covers much of the period the program was in use, from
July 2020 through June 2021.

Florida is so damn cruel, making people wait while they verify their
eligibility.

--
Making the simple complex, that is easy -- anyone can do that.
But to make the complex simple, awesomely simple, that is
true creativity. -- Charles Mingus