[BrentCrude]

Is that balls or what?Your socialist president floods the earth with dollars to pay millions of people in useless makework keynesian government jobs.The over printing of dollars causes gas and food prices to go through the roof.Then those same liberals that wanted Obama to print money to support Keynesian economics,don't understand that's why food and gas went through the roof.The libs-socialists then come out with a movie called The Hunger games about the plight of the downtrodden.You created the pain for the downtrodden you idiot bleeding heart do gooders!

[spankie]

Brent you tell them

we are tired of eating peanut butter and jelly sandwiches

[Sam Odom]

more taxes

[BIGDAY]

Business as usual.

[GUMMO77]

Less taxes and more wars.

Worked in the past.

[Shaudius]

Is that balls or what?Your socialist president floods the earth with dollars to pay millions of people in useless makework keynesian government jobs.The over printing of dollars causes gas and food prices to go through the roof.Then those same liberals that wanted Obama to print money to support Keynesian economics,don't understand that's why food and gas went through the roof.The libs-socialists then come out with a movie called The Hunger games about the plight of the downtrodden.You created the pain for the downtrodden you idiot bleeding heart do gooders!

I seriously hope you never breed.

[keyboarding]

I seriously hope you never breed.

There's no risk of that happening.

[mmaed]

Well i am no economist but let me have a go at this. When you print more money the value of the dollar goes down. When the value of the dollar goes down it requires more dollars to buy a good or service that comes from another nation. Food and oil are two things we import therefore the printing of money can be directing related to the increase in prices. I am sure there are many other factors involved but i do not know what they are.

[NYSportsGuy210]

Well i am no economist but let me have a go at this. When you print more money the value of the dollar goes down. When the value of the dollar goes down it requires more dollars to buy a good or service that comes from another nation. Food and oil are two things we import therefore the printing of money can be directing related to the increase in prices. I am sure there are many other factors involved but i do not know what they are.

Also we are competing with other developing nations that are growing at a rapid pace (India, China and Brazil) that also need that grain, meat and oil to support their countries. If supply stays the same and now demand becomes more increased that also causes prices to go up.

[Shaudius]

Well i am no economist but let me have a go at this. When you print more money the value of the dollar goes down. When the value of the dollar goes down it requires more dollars to buy a good or service that comes from another nation. Food and oil are two things we import therefore the printing of money can be directing related to the increase in prices. I am sure there are many other factors involved but i do not know what they are.

Except this isn't actually happening, the average annual rate of inflation from 2004 to 2008 was 14%, the annual rate of inflation from 2009 to 2012 was 6.1% and from 2010 to 2012 it was 4.4%. Inflation isn't just tied to how many dollars are in circulation but also to demand. When demand is lower the cost of goods is lower, even if they would be higher because of more dollars.

Besides that, the US dollar is still the world's reserve currency, even when the US prints more dollars there is demand for them. This is especially the case since China has finally allowed their currency to float rather than completely manipulate it for many years as they were doing. Its also the case because the Euro has lost some of its luster in the sovereign debt crisis.

Inflation has something to do with the rise in gas price but gas is a global commodity that is subject to speculation and demand. The reason gas has been rising so much recently is because of speculation that action in Iran will have a negative effect on production, along with fears that growth in China will lead to a strain on global supply(developed and rapidly developing countries use the most oil).

The price of gas adjusted for inflation was actually lower in 2000 than it was at any point in the last 80 years. It actually went up a very large amount from 2000 to 2008, went down from 2008 to 2010 and has gone up to reach slightly higher than 2008 levels since 2010. It still costs less today adjusted for inflation than it did at its peak in 1918. Did you(BrentCrude really) blame Bush's economic policies for this enormous rise in gas prices from 2000 to 2008 and/or inflation?

Brentcrude's statement:
"Your socialist president floods the earth with dollars to pay millions of people in useless makework keynesian government jobs.The over printing of dollars causes gas and food prices to go through the roof."

is not based in reality. The price of gas and food has not gone through the roof because of any monetary policy of Obama. The increase in gas and food you are seeing is because of the factors I listed above, not inflation, which again is lower than 2004 to 2008 and 2000 to 2008 year over year. If it was due to specifically Obama economic policies, why would the nominal price of gas have risen at the same rate as the inflation adjusted price of gas from 2000 forward but not have followed the same trend before 2000.

His second statement is even more gibberish, "Then those same liberals that wanted Obama to print money to support Keynesian economics,don't understand that's why food and gas went through the roof"

It seems to me that BrentCrude is the one who has no clue about why food and gas prices are rising. Follow any economic news and you will see that when there are reports about slow growth in China, the price of crude oil goes down, when there are reports of problems in Iran the price of oil goes up, it doesn't take a rocket scientist to figure out there is a connection after dozens of times of this happening. As for why you are seeing this in food costs, when gas prices rise, food becomes more expensive because gas is used to transport the food and run the factories that produce the food. The economics behind this are not hard to figure out, and it has very little to do with Quantitative Easing.

You could attempt to make the argument that Obama's energy policy with regard to oil production may be having an effect on the price of oil, but that's not the argument that BrentCrude is making here, he is instead making an argument about inflation and dollar production which anyone can see just by looking at the numbers is not the reason for oil price increases over the short term(and certainly doesn't explain the huge increase in prices over the last year since QE2 has ended which means there hasn't been a huge influx in dollars into the market in the term where oil prices are rising at their greatest amount).

[d2bets]

Except this isn't actually happening, the average annual rate of inflation from 2004 to 2008 was 14%, the annual rate of inflation from 2009 to 2012 has been 6.1%. 2010 to 2012, 4.4%. Inflation isn't just tied to how many dollars are in circulation but also in demand. When demand is lower the cost of goods is lower, even if they would be higher because of more dollars.

Besides that, the US dollar is still the world's reserve currency, even when the US prints more dollars there is demand for them. This is especially the case since China has finally allowed their currency to float rather than completely manipulate it for many years as they were doing, and also because the Euro has lost some of its luster in the sovereign debt crisis.

Inflation has something to do with the rise in gas price but gas is a global commodity that is subject to speculation and demand. The reason gas has been rising so much recently is because of speculation that action in Iran will have a negative effect on production, along with fears that growth in China will lead to a strain on global supply(developed and rapidly developing countries use the most oil).

The price of gas adjusted for inflation was actually lower in 2000 than it was at any point in the last 80 years. It actually went up a very large amount from 2000 to 2008, went down from 2008 to 2010 and has gone up to reach slightly higher than 2008 levels since 2010. It still costs less today adjusted for inflation than it did at its peak in 1918.

The fact remains that production is not the only problem. Demand and worries about supply are the problem with gas prices. NYSportsGuy2010 said it well right above me in his last line, "If supply stays the same and now demand becomes more increased that also causes prices to go up."

Brentcrude's statement:
"Your socialist president floods the earth with dollars to pay millions of people in useless makework keynesian government jobs.The over printing of dollars causes gas and food prices to go through the roof."

is not based in reality. The price of gas and food has not gone through the roof because of any monetary policy of Obama, demand has returned somewhat but inflation has not kicked in because the value of the dollar is being driven by other things not just demand. The increase in gas and food you are seeing is because of the factors I listed above, not inflation.

His second sentence is even more gibbering and not based in reality, "Then those same liberals that wanted Obama to print money to support Keynesian economics,don't understand that's why food and gas went through the roof"

It seems to be like BrentCrude is the one who has no clue about why food and gas prices are rising. Follow any economic news and you will see that when there are reports about slow growth in China, the price of crude oil goes down, when there are reports of problems in Iran the price of oil goes up, it doesn't take a rocket scientist to figure out there is a connection after dozens of times of this happening. As for why you are seeing this in food costs, when gas prices rise, food becomes more expensive because gas is used to transport the food and run the factories that produce the food. The economics behind this are not hard to figure out, and it has nothing to do with Quantitative Easing.

Your facts and rationale will be met with either deafening silence or 'Obama sucks' mantras. Don't expect an intelligent response.

[Harry N. Lloyd]

$150 Million weekend opening for Hunger Games. Why don't those dumb "libs" fly BrentCrude out to Hollywood so he can learn 'em how to make a real movie? Then they should jet him over to Washington so he can educate them on his advanced economic theories.......

[crustyme]

maybe if brent skipped a meal, we could end world hunger.

[Shaudius]

Your facts and rationale will be met with either deafening silence or 'Obama sucks' mantras. Don't expect an intelligent response.

Oh I'm not expecting one, but I really do enjoy how Keynesian has become an especially dirty word in conservative circles. I bet its because it sounds like Kenyan so ignorant people can use it to backhandedly say that Obama isn't really American(but instead Kenyan). I'm sure that most of the people that use it as an insult against Obama don't actually know a lick about economics or economic forces(much like BrentCrude). This whole Keynesian thing is especially funny because the US operated under Keynesian economics for what most of the people who are anti-Obama think is the glory years of the Republic, WWII to around Vietnam, when the economy was booming and the US had a vibrant middle class.

[marcojuiceman]

Is that balls or what?Your socialist president floods the earth with dollars to pay millions of people in useless makework keynesian government jobs.The over printing of dollars causes gas and food prices to go through the roof.Then those same liberals that wanted Obama to print money to support Keynesian economics,don't understand that's why food and gas went through the roof.The libs-socialists then come out with a movie called The Hunger games about the plight of the downtrodden.You created the pain for the downtrodden you idiot bleeding heart do gooders!

Gold prices are tied to the prices of oil.. the Dollar is worthless

[marcojuiceman]

maybe if brent skipped a meal, we could end world hunger.

you are displaying a President that has violated every Amendment in the Constitution Are U serious??

[DwightShrute]

[Shaudius]

[NYSportsGuy210]

Funny how Republicans (paranoid, Low-IQ, greedy as h e l l ) can call people of other parties "sheep". I mean come on.

[wtf]

watch the "inside job" and tell me you would ever care what ANY economist says

[andywend]

Idiotic liberal democrats like Shaudius can NOT think for themselves and will believe and preach whatever their democratic party masters tell them to.

We're $15 TRILLION in debt (and closer to $70 TRILLION when unfunded liabilities of the liberal democratic pet projects social security and medicare are factored in) and what is the answer according to liberal idiots like Paul Krugman:

Shower the country with fiscal stimulus and keep that printing press gas pedal floored. When asked about the skyrocketing debt, Krugman responds with bullshit of how we need to raise taxes NOW and the spending cuts will come later when the economy is more stable.

Has there been any point in time anywhere in our country's history where the democratic party supported any type of government spending cut (other than gutting defense spending)?

Time and time again, deals are struck where the democratic party promises to cut government spending at some sort of future date and the spending cuts NEVER MATERIALIZE.

The democratic party's biggest achievement of the Obama administration is ObamaCare which requires 4 years of pre-payment in order for it to be deficit neutral for the next 6 years and that assumes the Obama administration's ridiculously conservative estimates as to its cost (we are now finding out that the costs could be as much as 2X originially anticipated).

What happens in the year 2021 when ObamaCare doesn't have the 4 year head start of paying for it? What happens when the costs wind up being 2X what was originally intended?

How can the voters of this country be crazy enough to re-elect someone who is so fiscally irresponsible?

Liberal democrats can NOT be trusted in any way, shape or form.

[Shaudius]

Idiotic liberal democrats like Shaudius can NOT think for themselves and will believe and preach whatever their democratic party masters tell them to.

a) I am not a democrat. b) What in this thread has anything to do with democrat versus republican besides the fact that Brentcrude seems to think that somehow President Obama's economic policy is leading to inflation which in turn is causing gas and food prices to rise when the reality is that the place responsible for inflation(what he seems to think is the cause of oil prices rises) is the federal reserve, which is not run by Obama. Not that the federal reserves monetary policy is even the cause of oil and food prices rising as I've already explained in this thread. What in this thread have I said that isn't true re: the real reasons that the price of oil is rising in the short term and also the price of food?

We're $15 TRILLION in debt (and closer to $70 TRILLION when unfunded liabilities of the liberal democratic pet projects social security and medicare are factored in) and what is the answer according to liberal idiots like Paul Krugman:

Democratic pet projects of Social Security and Medicare? How about the huge expansion to the "democratic pet projects" that was passed by the Bush administration a few years ago? What did you think of that, was it okay because it was passed by a Republican president?

Has there been any point in time anywhere in our country's history where the democratic party supported any type of government spending cut (other than gutting defense spending)?

So advocating for cuts in programs that make up 20% of the federal budget isn't advocating for government spending cuts? Why should defense spending, which as I just said makes up 20% of the federal budget be immune or considered not as good as cuts to other programs.

We need cuts across the board, but you make it sound like wanting to cut defense spending isn't okay, I guess we should just completely exempt 20% of federal spending from the ax because you say so.

Time and time again, deals are struck where the democratic party promises to cut government spending at some sort of future date and the spending cuts NEVER MATERIALIZE.

Liberal democrats can NOT be trusted in any way, shape or form.

I seem to recall last year during the whole fiasco with the debt ceiling when the supercommittee was unable to come up with a compromise and one trillion dollars in cuts over 10 years were forced a different thing happened with regard to promises to cut government spending. If you'll remember with me, what was the first thing the Republicans in Congress tried to do when the mandatory cuts were forced? They cried and moaned and tried to make sure that the spending cuts didn't affect military spending and tried to make it so the 500 billion in cuts to discretionary spending still happened. Don't you think that if the Republicans were really serious about cutting spending that they wouldn't have tried to prevent the military cuts from occurring? Do you know what Obama did when they tried to do this, he said: No, you made your bed with the cuts now deal with them. Which was the grown up thing to do, something you claim democrats never do(or I guess only do with something you seem to like, military spending). We needed the cuts, and we need more cuts. But when one side says, "**** no you can't touch our defense" and the other side says, "**** no you can't touch our discretionary spending" you're not gonna get a whole lot done but the grown up in the room in this case, Obama(which no I don't believe is always the case), said no, you agreed to this deal, now stick to it.

But I wouldn't expect you to actually understand that, you're too busy whining about liberals who apparently can't think for themselves then to see the elephant in the room, that both parts use their supporters like sheep in an effort to simply secure more power for themselves.

[rkelly110]

Quote:
The democratic party's biggest achievement of the Obama administration is ObamaCare which requires 4 years of pre-payment in order for it to be deficit neutral for the next 6 years and that assumes the Obama administration's ridiculously conservative estimates as to its cost (we are now finding out that the costs could be as much as 2X originially anticipated).

What happens in the year 2021 when ObamaCare doesn't have the 4 year head start of paying for it? What happens when the costs wind up being 2X what was originally intended?

How can the voters of this country be crazy enough to re-elect someone who is so fiscally irresponsible?


Andy, this is the most conservative thing I've seen come from our govt in a very long time.

Just imagine if everything our govt wanted to do, saved up for it 1st?