Name:   MartiniMan - Subject:   That "transitory" inflation is brutal Date:   11/11/2021 9:30:25 AM

So when we first started to see signs of inflation we were assured it was "transitory" by the dismal economists in the Dementia Joe regime and the idiots in the govt media (as if there were such a thing).  Then when it seems to have stuck around they were no longer calling it transitory but were claiming it was actually a "good" thing because it was proof that the economy was turning around and when it does we should expect inflation.  Of course that ignores that we did not see inflation anywhere close to this in the last half dozen economic recoveries.  And then they explained that it was all being driven by high used car prices and energy...the first caused by supply chain issues and the second by the direct actions of the regime. 

But now we have across the board inflation in pretty much every sector with an annualized rate of 6.2% or the highest in 30 years.  And it's hitting the pocketbooks of average middle and lower class Americans and has pretty much wiped out all the wage gains of the Trump admin.  All in less than a year.  And of course the Fed is now on a treadmill that they cannot get off of without some real pain.  If they elect to attack inflation they will have to tighten the money supply and raise interest rates.  That will kill the stock market, crush the housing industry and probably trigger a recession.  If they don't taper we could begin to see hyperinflation because what is different this time over the last recoveries is Congress pumping trillions into the economy that they do not have and must create out of thin air.  That causes inflation....every time.....something even Keynsians will admit.  

Meanwhile, Kameltoe is lecturing French scientists like they are toddlers using a weird French accent talking about Le Plan! Le Plan! and Dementia Joe is asking people if they ever thought they'd be paying $4.50 a gallon for gas again.....as if he were some innocent bystander as shocked as they were instead of being the figurehead of the admin that took us from energy independence to begging OPEC for more oil in less than a year.  No wonder in a recent poll more people wanted Biden to resign than do any other thing.  And it's no wonder the left wing nuts have pretty much disappeared from the Forum.  I would likewise he utterly ashamed to have participated in electing these two half wits.  And like my friend's father used to say, things are going to get a whole lot worse before they get really, really bad. It's going to get worse because the people actually running things and telling our senile President what to say are socialist ideologues who didn't run for anything but are now incompetently running everything.  But hey, no mean tweets.