• Re: CNN's John Harwood is an idiot

    From Tobacco Choad@21:1/5 to bob user on Tue May 24 03:06:41 2022
    XPost: talk.politics.guns, nc.general

    In article <XnsAEA0A6C47648ECXD305@>
    bob user <bobuser@mindspring.com> wrote:

    On 23 May 2022, Klaus Schadenfreude <klaus.schadenfreude.entfernen.@gmail.com> posted some news:n33o8hpa2t92l5d9mb9s5fd4v14s9ricub@4ax.com:

    On Mon, 23 May 2022 14:57:04 -0700 (PDT), "jecorbett19580@yahoo.com"
    <jecorbett19580@yahoo.com> wrote:

    https://www.msn.com/en-us/money/markets/john-harwood-really-really-want >>s-you-to-stop-blaming-biden-for-inflation/ar-AAXCV4b?ocid=msedgdhp&pc=U >>531&cvid=87659156d07946ba8cc0f81611810b4d

    This moron thinks inflation is caused by increased demand for goods.

    "Indeed, economists across the political spectrum now believe that >>Biden's $1.9 trillion American Rescue Plan, while it accelerated
    growth and job creation, exacerbated inflation somewhat by >>over-stimulating consumer demand,"

    Economists across the political spectrum DO NOT believe inflation is >>driven by over stimulated consumer demand. Inflation is a devaluation
    of the currency, the result of flooding the economy with excess
    dollars through Biden's $1.9 trillion America Rescue Plan. I said in
    this forum when it was announced that any benefit people got from the >>stimulus checks would be wiped out by inflation and that has proven to
    be the case. Government cannot make people wealthier by handing out >>money. When they do that, money loses its value and nobody gets any >>richer. This is Economics 101 and it is amazing that CNN would employ
    a commentator who doesn't know that.

    "He studied history and economics at Duke University, graduating magna
    cum laude in 1978.

    Were we still trading in pebbles and sea-shells back then? Or did he
    blow somebody for his degree>

    Duke BA = blow
    Duke BS = drop pants and spread

    If you want to get any constructive work done on company time, don't hire
    a Duke graduate. Too much drama and activism crap with them.

    A queer manufacturing site in North Carolina? Say it ain't so.

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