Article

2022-09-14 Economy

CNBC's Rick Santelli blames Biden spending for high inflation

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2022-09-14 05:41|| || Front Page|| [6 views ] Top

#1

Personally, I feel, blaming just Biden is avoiding those that are actually running the USA/DC train wreck. Call it the Deep State or Swamp or whatever.

Biden is little more than a clueless/mindless puppet on the string. They were the ones being outed by Trump and MAGA supporters, and they are now violating the Civil Rights of millions to keep that power and avoid criminal trials for subversion, conspiracy, treason, and etc.

Posted by NN2N1 2022-09-14 08:04|| 2022-09-14 08:04|| Front Page Top

#2 I like Santelli, but I still believe this is more of a demand inflation (like housing prices in Florida).

The Fed has been "printing" trillions of dollars for many years and for many presidents, and it's hardly made a dent.

There's also the matter of the velocity of money, which we really have not had over the years.

Certainly, the Harris-Biden Administration has caused a lot of grief with their policies, but spending isn't necessarily the main cause.

Posted by DooDahMan 2022-09-14 16:16|| 2022-09-14 16:16|| Front Page Top

#3 It's always healthy for people to be alarmed about inflation and debt, even if they've never had it so good. The only losers are politicians and in November we will see. If the Pubs just squeak by, or don't take both houses of congress, then it didn't even harm the dems.

Posted by M. Murcek 2022-09-14 16:19|| 2022-09-14 16:19|| Front Page Top

23:30 crazyhorse
22:56 Dron66046
22:49 Canuckistan sniper
22:49 Canuckistan sniper
22:23 Frank G
21:03 Jesse
21:00 Bill Scourge of the Ostrogoths9574
20:42 SteveS
20:41 KBK
20:25 Bill Scourge of the Ostrogoths9574
20:15 Bill Scourge of the Ostrogoths9574
20:06 Frank G
19:48 Snash Shairt9621
19:09 Abu Uluque
19:07 Abu Uluque
19:05 Deacon Blues
19:00 magpie
18:58 magpie
18:49 Abu Uluque
18:41 Abu Uluque
18:26 Beavis
18:26 Secret Master
18:26 M. Murcek
18:16 Angstrom