Biden to Float Windfall Tax on Energy Producers

Cuddles said:
we both know this is a dog and pony show because big oil's bought both sides so this is going nowhere. Inflation does not land on Biden but people are too stupid to see that so he's gotta feed them something stupid to convince them otherwise.
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He did re-nominate Chairman Powell along with strong bipartisan support: 80-19.
 
kmgilroy89 said:
He did re-nominate Chairman Powell along with strong bipartisan support: 80-19.
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and he's done no worse than other chairman in similar conditions. We give him shit but his mistake was not ramping up sooner having ran the printer 24/7 on Donnie's COVID fuckup.
 
Cuddles said:
and he's done no worse than other chairman in similar conditions. We give him shit but his mistake was not ramping up sooner having ran the printer 24/7 on Donnie's COVID fuckup.
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I think having a Fed chairman who doesn't understand that simply increasing the money supply to deficit spend increases inflation is a major problem. Everybody on this current board was asleep at the wheel while Larry Summers nailed it. Let me remind everybody that Summers had to withdraw his name for Fed Chairman and was replaced by Yellen, because of a bunch of woke and left-wing Democrats who mostly didn't like him for political reasons.
 
kmgilroy89 said:
https://www.usnews.com/news/busines...den-to-float-windfall-tax-on-energy-producers

I know this is just noise to blame others for inflation and would never pass, but it’s still an idiotic idea. The market dropped on the news and has since rebounded after realizing it is noise. Price gouging is a problem in pharmaceuticals. However, American oil companies are not price gouging us as the price of oil is set on the global market place. The government might as well takeover oil production if they were to do this.
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Yeah that will fix everything. Joe Biden is painfully dumb.
 
kmgilroy89 said:
I think having a Fed chairman who doesn't understand that simply increasing the money supply to deficit spend increases inflation is a major problem. Everybody on this current board was asleep at the wheel while Larry Summers nailed it. Let me remind everybody that Summers had to withdraw his name for Fed Chairman and was replaced by Yellen, because of a bunch of woke and left-wing Democrats who mostly didn't like him for political reasons.
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Increasing the money bazookas on COVID disaster was the right move, not ramping up rates faster or targeting oversight of said moneys was a shitty decision. No one talks about Donald's 2017 tax cuts draining the treasury triggering the need for COVID spending during CARES.
 
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