Chuck Schumer Argues Spending Trillions Will ‘Ease Inflation Pres­sures’

[mystery-ak]

Wendell Husebø 21 Jul 2021

Senate Majority Leader Chuck Schumer (D-NY) will release a report Wednesday that argues spending trillions will “ease inflation pres­sures.”

The report, written by Moody’s chief economist Mark Zandi, claims inflation worries are “overdone,” because “much of the additional fiscal support … is designed to lift the economy’s longer-term growth potential and ease inflation pres­sures,” according to Axios.

“Greater investments in public infrastruc­ture and social programs will lift productivity and labor force growth, and the attention on climate change will help forestall its increas­ingly corrosive economic effects,” the report continues, and the plan’s policies “would direct the benefits of the stronger growth to lower-in­come Americans and address the long-run­ning skewing of the income and wealth distribution.”

Moody’s, which paid a $864 million settlement to federal and state authorities in 2017 for marking risky mortgage securities as safe before the 2008 financial crisis, contradicts an older report from the firm suggesting former President Donald Trump’s immigration and labor reform policies forced down unemployment, pressured companies to raise Americans’ wages and salaries, and even made housing cheaper for young families.

“As the immigrants leave, the already-tight labor market will get tighter, pushing up labor costs as employers struggle to fill the open job positions,” the report said. “Mr. Trump’s immigration policies will thus result in … potentially severe labor shortages, and higher labor costs.”

more
https://www.breitbart.com/economy/2021/07/21/chuck-schumer-argues-spending-trillions-will-ease-inflation-pres%c2%adsures/

[LMAO]

The polling on inflation must be worse than we think because this is becoming a more common theme for Democrats to try to convince  Americans that printing and spending more money we don’t have will get rid of inflation.

This is why I think they want to silence dissenting voices  under the guise of stopping the spreading of misinformation. Covid is just the excuse. They want to be able to say nonsense like this without people pointing out why they’re wrong and how really nonsensical they really sound

[Kamaji]

The polling on inflation must be worse than we think because this is becoming s more common theme for Democrats to try to convince  Americans that printing and spending more money we don’t have will get rid of inflation.

This is why I think they want to silence dissenting voices  under the guise of stopping the spreading of misinformation. Covid is just the excuse. They want to be able to say nonsense like this without people pointing out why they’re wrong and how really nonsensical they really sound

No doubt.

[LMAO]

As we get closer to 2022, watch in the media and some Democrats suggest that we should “ delay”the election

Democrats and some in the media did this in 2010 when Democrats got shellacked in the midterms

[GtHawk]

Another fool taking economic advice from AOC.

[Bigun]

Another fool taking economic advice from AOC.

They took their economics courses at the Patrice Lumumba School of Economics at Moscow University

[catfish1957]

Senate Majority Leader Chuck Schumer (D-NY) will release a report Wednesday that argues spending trillions will “ease inflation pres­sures.”

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I'm speechless.

[LMAO]

The problem he has is nobody beyond the Bernie/ AOC base is going to buy it

Of course the media will trumpet it without question but their credibility is in the toilet

[BassWrangler]

He's just setting the stage to blame inflation on the Republicans. This isn't a good sign as it indicates they think it's inevitable and will be significant.

[cato potatoe]

Hey, you never know.  It worked for Argentina.

[libertybele]

He's just setting the stage to blame inflation on the Republicans. This isn't a good sign as it indicates they think it's inevitable and will be significant.

Of course they will blame the GOP for inflation and the upcoming economic upheaval (Depression/Recession). What better way to continue this country on the path to socialism?

[Wingnut]

They took their economics courses at the Patrice Lumumba School of Economics at Moscow University

In Zoom classes with Jeff Toobin?

[LMAO]

He's just setting the stage to blame inflation on the Republicans. This isn't a good sign as it indicates they think it's inevitable and will be significant.

 That should work just about as well as claiming the Republican Party is the party that’s defunding the police

 But I agree. I think the worst is yet to come as far as the economy and inflation go

[LMAO]

Of course they will blame the GOP for inflation and the upcoming economic upheaval (Depression/Recession). What better way to continue this country on the path to socialism?

That they’ll try to pass the buck was inevitable. Just like they tried to convince the public unsuccessfully that it’s  the GOP that’s defunding police departments in the inner cities

They will also try to blame oil companies, businesses,  lumber companies,  anybody that creates food items, etc. etc.

[BassWrangler]

They will also try to blame oil companies, businesses,  lumber companies,  anybody that creates food items, etc. etc.

Yes, that aspect is just like something out of "Atlas Shrugged"

[libertybele]

That should work just about as well as claiming the Republican Party is the party that’s defunding the police

 But I agree. I think the worst is yet to come as far as the economy and inflation go

I believe we will see things far worse than what we saw during the Carter days and the objectives of the DEMS will soon become crystal clear.

[LMAO]

I believe we will see things far worse than what we saw during the Carter days and the objectives of the DEMS will soon become crystal clear.

 There are differences between Joe Biden and Jimmy Carter. Jimmy Carter entered office when inflation was already  a problem. Jimmy Carter also vetoed many spending bills and got into some battles with liberals in his own party.  Jimmy Carter also appointed Paul Volcker  as chairman of the Federal Reserve  near the end of his term who is credited for bringing down the inflation rate. Joe Biden this past week seemed to dismiss the inflation problem which has become a huge concern for Americans

I think Jimmy Carter got more  blame  than he should’ve  for some of the problems that we were facing in this country in the late 1970s

 The problems we see now are different than those in the 1970s.  Interest rates are relatively low and so are tax rates compared to then

But crime is up just like it was then  so there’s that

[LMAO]

 But I agree that the tactic here, and no question this is a tactic, will be to have the spending bill fail and then try, unsuccessfully, to blame Republicans for the rising inflation.

This is nonsense to us and 80% of Americans. But it does reveal  some of the desperation and worry on the part of the Democratic Party  going into the midterms.

[Hoodat]

[LMAO]

We will need  responsible fiscal policy and embracing free markets to bring inflation down to a tolerable level. Donald Trump is not the answer

[DCPatriot]

They will also try to blame oil companies, businesses,  lumber companies,  anybody that creates food items, etc. etc.

My brother purchased/ordered a sofa last Christmas.  Because of the shortage of FOAM...only made by THREE sources, the delivery isn't expected now till Thanksgiving.

...must be a cool sofa.       

Which presents a question?  Who owns the "THREE sources"?  Is there collusion/price fixing by creating a 'shortage' in order to raise your price/income?

Nobody ever thinks about the guy who makes the foam for Mike Lindell.   

[LMAO]

My brother purchased/ordered a sofa last Christmas.  Because of the shortage of FOAM...only made by THREE sources, the delivery isn't expected now till Thanksgiving.

...must be a cool sofa.       

Which presents a question?  Who owns the "THREE sources"?  Is there collusion/price fixing by creating a 'shortage' in order to raise your price/income?

Nobody ever thinks about the guy who makes the foam for Mike Lindell.   

We ordered a couch the weekend after Thanksgiving 2020 and just got it last week

[BassWrangler]

This is nonsense to us and 80% of Americans.

Disagree. The media will parrot the Dem talking points and more than 50% of the populace will swallow this BS as if it were the gospel truth.

[Hoodat]

Spending Trillions Will ‘Ease Inflation Pres­sures

War is Peace
Freedom is Slavery
Ignorance is Strength
Printing Money Will Prevent Inflation
Democrats are Patriots

[LMAO]

Disagree. The media will parrot the Dem talking points and more than 50% of the populace will swallow this BS as if it were the gospel truth.

Conservatives tend to think that the media and Democrats are unstoppable. I would say a max of 30% might buy this and that’s being awfully generous on my part

The media always parrots the Democrat talking points. The public is aware of that.
You can’t tell people they’re not seeing what they’re seeing and they’re not feeling what they’re feeling