Today, every Republican will rightfully point the finger at Biden for inflation. However, it didn't begin with him. How many Republicans stood with this man at the time the unfathomable spending began? How many have apologized for going along with underwriting the lockdowns?
The stimulus package that just passed is the biggest wealth transfer from common folks to the super-rich (Wall Street and bankers) in the history of mankind. Done in the name of a virus with $1200 checks as the cheese in the trap. This will be obvious in short order.Show this thread
Inflation is a result of increased velocity of money. The Bail Out(our Taxes)went to the Financial firms but never hit the street, so no increase in Velocity of dollars. Companies hoarded the cash or reinvested with stock buybacks, boosting bonuses. Use our Tax $ to Screw us /3
The stimulus checks on the other hand went to the people. That money went straight to the street increasing the velocity of money but also resulting in inflation. Which really is a tax on the poor and the middle class. Once again using our Tax $ to Screw the us.
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