Has anyone realized yet that arguing on the internet is as pointless as jacking off with a sandpaper glove? You can “prove” or “disprove” anything just by shifting sources to one that agrees more with your stated (opinion) facts, and all you have to do is tell someone their source isn’t valid for (insert myriad of justifications here). As someone on the sidelines that hates everyone in charge, it’s painful but entertaining to watch this trainwreck of a circlejerk constantly burning on all internet locales.
TL;DR, it’s everyone’s fault that we’re here. The parties suck, the populace sucks, and we allow the worst among us to climb to prominence in all facets.
I grew up an hour outside of Chicago. Let me assure you it is populated by human beings. There’s nothing significantly different about the people when you cross the line from Lake Country to Cook County. The biggest difference is decades of drastically differing policies now playing out over the span of generations. Liberals have been trying to socially engineer Chicago for decades now, and it’s basically a failed state at this point, governed into the ground by one ostensibly well-meaning policy after another. I’m old enough to have watched it play out.
That’s not how markets work. The possibility of increased future supply absolutely affects prices today, as does the federal government explicitly setting policies to ensure future production constraints.
It’s good that you are content with the current economy. Most would consider this to be the worst economic conditions since the late 70’s. Few Americans are enjoying the success you seem to be.
But hey, at least we don’t have to deal with an endless stream of news stories explaining all of the terrible things that journalists imagine are going to happen due to Trump.
I lost 40k when I sold my house back then. That was worse for me, but not worse overall.
Policy struck then too, by the way. Remember how it was racist and discriminatory to not give poor people massive ARM loans they could never pay back?
That sure worked out great, didn’t it?
But hey, don’t worry, well-meaning liberals are here to explain why Democrats setting policies to force banks to give out loans that could never be repaid had absolutely nothing to do with the bad outcome.
You know, just like Joe Biden’s policy of limiting the supply of oil has nothing to do with the low supply of oil.
IIRC, this was not so much policy as it was lack of policy. Sure the government was pushing home ownership, but the housing crisis seems to me to be caused by the greed of banks / wall street pushing many people (who couldn’t afford a mortgage) into sub prime mortgages (without policy to block them from doing so).
There were plenty of irons in that fire, but it all began with forcing banks to begin making bad loans. This eventually turned into an orgy of lending and risk-taking, dramatically increasing the purchasing power of people who only had that purchasing power due to the government saying they get it. That’s how you get a bubble to drive up those prices, by artificially increasing demand.
Why were government policies needed to push home ownership? What was the obstacle standing in the way of home ownership for the people who the government said should be able to buy homes, but couldn’t?
What nuance? And yes, technically, for the part they can control absolutely.
Why don’t you go find it. Turn your question into a search on your favorite search engine and comeback and argue the points you found. Not ask everybody here to do your research for you, so you can just ask more questions because you do not like the answer you got.
Why don’t you bring in your own counter facts? Like “Why no, biden stopping all oil exploration in the US, cutting off pipelines and turning the country from a net exporter to a complete importer of energy because of some seriously deranged devotion to the Paris Climate Agreement, where you not only go from exporting to importing, but you export all your dirty work to developing nations that are unstable, did not cause energy speculation nuts, had no effect on gas prices whatsoever. After all they have 9000 useless permits for lands that have no energy, on which to ‘drill baby drill’.”
Turn your rebutals disguised as “questions” into a key word search.
No, he did maths based on the quantitative net effect of each colossal fuck up. And vastly under estimated it, to boot.
Knowing the policies (a.k.a. colossal fuck ups) that added multiple monies to the price of a gallon of gas is a good start, yes. I would recommend it.
Really, how? Who is it true for and why is it true for them?
Don’t residents just live there? Politicians make the policy, how to residents impact it?
How much time? How do you know there is any lag time, it could be virtually instantaneous, couldn’t? How does oil go from ground to gas in your tank, precisely? And how long does that take?
At first I thought it was a no brainer that Biden was killing our gas. Then when I looked around I saw that crude oil production, both in the US and Worldwide are up since Biden took office. I didn’t expect that.
