Editor,
Tax and spend liberal Democrats continue to throw gas onto the inflation flames. In March 2021, Biden’s Democrats spent $1.9 trillion dollars through the American Rescue Plan, then November 2021 spent another $1.2 trillion through Democrat’s Infrastructure Act. This resulted in inflation hitting a 40-year high of 9.1% in June 2022.
But, in August 2022, Biden’s Democrats just spent another $870 Billion in their “Inflation Reduction Act” — which will make historic inflation even worse. World-renowned economist/statistician Milton Friedman famously stated “inflation is made in Washington [D.C.] because only Washington can create money, and any other attribution to other groups for inflation is wrong, consumers don’t produce it, producers don’t produce it ... what produces it is too much government spending and too much government creation of money, and nothing else.”
Gas was $2.38 when Trump left office Jan. 18, 2021, but under Biden it was $4.85 nationally in June 2022 and $6.33 in California. Vote out all city/county/state/federal Democrats before we go bankrupt.
Mike Brown
Burlingame
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(13) comments
Mr. Brown,
Hot air is good for balloon travels but not for supporting facts. You opine in your LTE that inflation is the direct result of the Democrats which may or may not be the case. You don’t offer any concrete stats to back it up other than an anecdotal reference to gas prices which are part of the global market, not something controlled by the president of either party.
You can check the figures yourself but I will give you a heads up. Overall, in the past 75 years, the economy has done better under Democratic presidents than Republican presidents. Real GDP growth since 1947 has been 3.6% under Democratic administrations and 2.6% under Republicans. The source is Federal Reserve Economic Data. Out of curiosity I checked the United Kingdom also and the same holds true. The Labour party does better than the Conservative party, 1.7% to 1.6%.
BTW, for what it is worth, gas was 24 cents a gallon when I was in high school, and sometimes it was 21 or 22 cents at Rotten Robbies when there was a gas war. Remember those?
Taffy - the price of oil is set by the futures market. The moment Biden took office, he shut down the Keystone pipeline project and fulfilled his campaign promise to declare war on the fossil fuel industry. The futures market took note and because of anticipated oil capacity shortages the price went up. Virtually everything we purchase depends on the cost of energy, including manufacturing, agriculture, transportation, storage and retail. The multitrillion dollar spending, also pushed by Biden, further drove down the dollar value which, combined with the above, is causing inflation. Don't take my word for it. Just look at the prediction by Obama's economic advisor. In this case, the current incredible inflation rate is the result of Democratic White House policies.
FYI, when I first came to this country in the summer of 1964, gasoline was $.19 at a gas station on Mission Road in San Marcos, CA. When serving in the US Air Force at Travis AFB, I paid $0.35/gallon in 1967.
Dirk - Thank, great comments
Mr. Brown - Regarding voting out the Democats, I agree 100%. But where are the conservative, intelligent candidates to replace them? I look for them on the ballot each time I vote.......and seldom see any. If they are there, they usually don't have enough backing to get voted in. Yes, our country is in serious trouble....mostly because of democrats and progressives
Lou: Are you kidding, or just trying to be funny? After two disastrous, minority supported, Republican administrations over the last 20 years or so, it took Democrats to get us back from the cliff and on track again, with both the Obama and Biden administrations stuck with enormous inherited problems, huge deficits and a very damaged world reputation and respect. Despite no help and only compact obstruction from the other side, jokingly called the “Right”, President Biden has been able to get significant programs off the ground, for which now Republican reps are taking credit for “back home”. Certainly, Lou, yours must be a joke, although a very sick one.
SS,DD... Same Stuff, Different Day
Ray: Well said about a fellow Conservative like Lou!
Hi, Jorg
From your 1:15 pm post, "... two disastrous, minority supported, Republican administrations... it took Democrats to get us back from the cliff... Obama and Biden administrations stuck with enormous inherited problems... no help and only compact obstruction from the other side..."
SS,DD... Same Stuff, Different Day
Ray: So how else would you suggest we respond to the Same Stupid Dull Drivel?
As we are looking around and see two million illegal immigrants, crime spiking, inflation through the roof and some folks now having to choose between eating and buying gas, it reminds me of a sign in post-war Berlin that said "Das alles verdanken wir den Fueher" This was posted among the ruins of a formerly beautiful city and is loosely translated as "We have our Fueher (Hitler) to thank for this. We are not quite in the same situation but no matter who you voted for, one cannot deny that our country is in shambles. Signs that point the finger at Biden for our tenuous catastrophe will be ubiquitous soon in the form of election outcomes.
Yeah Mike, let’s just complain about gas prices when you know the prices are not set by the POTUS but by oil companies whose first allegiance is to their shareholders not the country.
But your last recommendation is faulty. If you no longer want our traditional democracy and rules of law, vote Republican down the line as they continue to tout the Big Lie and call the Jan 6 insurrection “legitimate political discourse” officially. Otherwise, all voters should vote blue across the board. Our country depends on its very survival to vote all of the Republicans out.
Rel - it is a common misunderstanding that the oil companies determine the prices for their products. Oil is an international commodity and the price is determined by commodity traders on the futures market. The oil companies then have a choice to either increase or curtail production depending on whether the price provides sufficient margin to their shareholders. The futures market for all commodities, oil, coffee, pork bellies, soy beans, etc. depends on economic signals some of which are coming from the White House. The current energy situation and the resulting inflation were certainly caused by POTUS as I have explained below.
Thanks, Mr. Brown and Mr. van Ulden, for the simple economics lessons. Unfortunately, they appear to be too complicated for some. I see we already have some rabid left wing apologists attempting to rationalize Biden’s America Last policies. Hey Taffy, averaging in an attempt to smooth out disastrous Biden-flation numbers doesn’t excuse the here and now of rising inflation under Biden (pretty much since 2021). Hey Rel, by your logic, I guess oil companies’ first allegiance was to Trump since gas prices under Trump were bargain-basement steals compared to Biden. Sorry, even I don’t believe that. Your logic doesn’t hold – instead, pay attention to Mr. Brown’s and Mr. van Ulden’s lessons. Hey Jorg, your rant is just more of your usual nonsense. SS,DD… to borrow from our mutual friend Ray. BTW, Jorg, the least you could do is share an exclamation point or two with Lou. You know, the only valid points you make. Sharing is caring.
Hello, Mike
I’m not too sure we can attribute more inflation historically to Democratic Party presidents.
We have a tendency to overuse averaging as a way to compare things. Averaging GDP over a period of nearly eight decades is probably not the best way to compare economic numbers for our presidents. Averaging is also probably not the best way to compare inflation rates recorded during different presidencies, but we do it. Why? I don’t know… maybe it’s just easier to say something like… the inflation rate during President Roadrunner’s term in office was 1.4% and that rate is much lower than the 6.7% rate under President Coyote. Maybe.
If we average the year to year Bureau of Labor Statistics inflation rates for US presidencies from Harry Truman through Donald Trump, we’ll find inflation averaging only slightly higher for the six Democratic Party presidents during that time period compared to seven Republican presidents. I don’t think such averaging shows historically higher inflation for Democratic Party chief executives.
Inflation in the here and now is different. It’s real… it’s not just an entry in a report. Our current president’s energy policies and spending programs are directly related to today’s inflation rate.
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