Quote:
Originally Posted by rickroll
lol
inflation reduction act printed more money
spr is both controversial and something every president does... and they'll need to rebuy it later so it's just a bandaid
but as a canuck i forgive you for thinking the student loan thing won him some fans, it's in fact done the opposite
he floated hard that all these tens of millions of people would have their student loans forgiven so hang in tight
as a result many ramped down payments to the minimum, thinking it was dumb to pay off what would get wiped
then it's held up and won't happen, then it will happen but kind of
less than 1% of the people who he told would get that debt forgiven ended up getting it forgiven - it didn't help out anyone who grew up middle class as the only way to qualify was if your parents were on welfare when you went to college
so now there's millions of middle aged middle class americans who weren't just misled and lied to, but also disrupted their financial planning around this event that never fired
student loans fiasco alone could very well cost biden the election
if there weren't already so many flaws of him and dislikable things like stumbling on stage and being called genocidejoe then the student loans fiasco would get a whole lot more attention - it was a massive bait and switch where basically everyone i know thought that was getting wiped with a lot of loud announcements and pomp and circumstance and then quietly learn via whispers that very few actually will get it
- that money printed went into people that needs it for once and if it created inflation how come the inflation gets getting lower for ?
reduction act came into effect august 2022 with inflation at near peak 8.26%.
today where is it exactly ?
https://ycharts.com/indicators/us_inflation_rate
- SPR was just a band aid yes but it did help bring inflation down and help people which is what lozen was asking...
yes they will have to rebuy it but at least they sold the SPR at a VERY good price at that time and they will buy it at a much lower price they sell it !
- the student loan i was referring to have a break in payment , not about an whole forgiveness of the debts.
https://www.cnbc.com/2023/10/01/how-...e-economy.html
Quote:
"The pandemic-era pause on federal student loan payments ends Sunday, leaving as many as 40 million Americans on the hook for a new monthly bill."
But if u really want to speak about forgiving student loans we can do so....
fwiw the fiasco isnt the student loans debt, its the cost of the education system that create the student loan debts to begin with.
But hey u can blame biden all u want for Americans bad mismanagement of their finances...
i know its a new thing that Americans mismanage their money right ?
So yeah i disagree, biden did pass policies that help people in the short time which is actually what government job is in moment of crisis.
US economy is still ok and far better then anywhere else in the world
low unemployment
far less inflation in the US then many other countries
gdp still up.
where did he failed exactly ?
Last edited by Montrealcorp; 01-25-2024 at 05:02 PM.