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Inflation Has Now Devoured All Biden’s
COVID ‘Rescue’ Checks

Original Article

Posted By: RockyTCB, 7/18/2022 5:03:33 AM

When he signed the “American Rescue Plan” into law in March 2021, President Joe Biden bragged about how it would put “$1,400 checks into the pockets of millions of Americans; help to keep folks in their homes; help to put food on the table.” A family of four was in line to get $5,600, he said. What he didn’t tell the public was that the rampant inflation his “rescue” plan would unleash would cost Americans more than the $1,400 Biden was handing out. Much more. Biden’s $2 trillion “rescue” came after the Trump administration had already rushed through two massive

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Reply 1 - Posted by: franq 7/18/2022 6:01:48 AM (No. 1219557)
Zhoa's fiat money was the fuse on the firecracker.
4 people like this.

Reply 2 - Posted by: bigfatslob 7/18/2022 7:18:12 AM (No. 1219610)
No one ever said the people in this administration including Joe Biden were good with math or economics. Covid just gave them the perfect excuse to print money to throw off their parade float now here we are today. You can't have dumb down people play with the government and expect it to run flawlessly. Democrats love chaos and mangled disorder they function with it. FJB
3 people like this.

Reply 3 - Posted by: F15 Gork 7/18/2022 7:26:03 AM (No. 1219614)
Creepy Joe’s solution? More print and spend.
4 people like this.

Reply 4 - Posted by: RuckusTom 7/18/2022 7:40:59 AM (No. 1219633)
Bring back the Carter era interest rates of upwards of 20%. That ought to fix it.
2 people like this.

Reply 5 - Posted by: Rather Read 7/18/2022 7:43:04 AM (No. 1219639)
I haven't had beef this year. And my favorite bread is now 3.49 a loaf.
3 people like this.

Reply 6 - Posted by: Clinger 7/18/2022 7:57:29 AM (No. 1219657)
"Now?" Seriously? We blew through the bribeulous checks long ago.
1 person likes this.

Reply 7 - Posted by: Strike3 7/18/2022 8:09:49 AM (No. 1219672)
It's amazing how simply and predictably economics works. I hope all of the parasites who sat home and collected Joe's free money while every business on their street displayed Help Wanted signs now find it necessary to work.
2 people like this.

Reply 8 - Posted by: coyote 7/18/2022 8:20:41 AM (No. 1219686)
With the stock market drop plus inflation, I'd say Biden has cut many a person's retirement savings almost in half.
4 people like this.

Reply 9 - Posted by: Jesuslover54 7/18/2022 9:09:15 AM (No. 1219753)
Like they used to say on Racket Squad, slaps your back with one hand and picks your pocket with the other
0 people like this.

Reply 10 - Posted by: bighambone 7/18/2022 9:54:19 AM (No. 1219814)
To the Biden crew, inflation is just a reason for more “rescue checks”. As they say, you can’t fix stupid, only the upcoming election has a chance to do that.
1 person likes this.

Reply 11 - Posted by: 3XALADY 7/18/2022 10:18:24 AM (No. 1219839)
I'm way into the hole. I only remember receiving one check. My apartment rent and expenses are paid by my investments and social security. How long before I will be eating dog food or living on the street?
1 person likes this.

Reply 12 - Posted by: Rather Read 7/18/2022 10:31:06 AM (No. 1219857)
I'm still working at 71. There's a woman in my department who is 82 and still working. We have to.
2 people like this.

Reply 13 - Posted by: DVC 7/18/2022 11:25:28 AM (No. 1219958)
There are two ways to cause prices to increase, and they are independent. First, inflate the currency by printing too much money and dumping it into circulation. They did this. Second, prices can be increased due to shortages of critical goods in the market. Some demand is "elastic" meaning you can just do without. Movie tickets, or vacation trips would be examples. Other demand is "inelastic", meaning you MUST PAY whatever the cost, food and fuel would be examples. Dems have intentionally caused an artificial shortage of food and fuel, and the demand has driven up the prices. The first kind of price increase can be wrung out, eventually, with higher interest rates, which effectively decrease the supply of money, by crushing credit. The causes serious economic problems. But the second kind of price increase can only be fixed by increasing supply of food and fuel, and the Dems have NO INTENTION of letting that happen. So, we'll have the high interest rates crushing the economy, yet no improvement to the food and fuel shortages. Continuing price increases AND a crushed economy. Genius planning, right? Don't think this is because "they are idiots".....nope, they WANT THIS. They want the economy crushed, and you unable to fuel your car or feed your family. It makes you more compliant with the WEF/globalist demands that you give up your freedoms.
0 people like this.

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