Experts: The Reconciliation Bill Will Not Cause Inflation

My hope is that Bannon’s considerable girth is put on the hot, fiery Weber coals of justice.

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Isn’t her husband manly enough?

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Her husband is waiting on spring training (he’s a pitcher in the Twins minor league system).

Her only hope is a dark money sugar daddy.

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I believe I saw his stats recently. :neutral_face:

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Here’s another: $575k

It’s what Tampa paid him to stay in Durham.

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As in Bull Durham? :grinning:

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She needs to get a bigger :latin_cross:

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Need to go bigger
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largest mobile smoker. Bannon may just fit.

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O/T This as some of you may know has bugged me since I read the list of the 850 titles the Texas Rep wanted Texas schools to report if they had any copies on hand. This author went through the list of titles trying to figure out the common thread.

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Its not the policy stupid.

Paul Krugman ended his newsletter today with this:

In the case of inflation, I’d say that the moral of the story is not to dwell too much on international differences in the latest print. The important point is that we’ve seen broadly similar inflation surges in many countries. Which tells you that what’s happening in the United States isn’t mainly about policy.

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Can’t he plead for the Fifth?

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How nice. A minor league family.

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I’ve found it easier to understand Manchin by thinking of him as a Dixiecrat.

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It might be good for Biden to actually point that out and then tie it to the electric vehicle push in the BBB bill.

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There ain’t no such animal…

Just sayin’…

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Yes, yes, but who besides folks like us read Krugman?
All they know is inflation is bad. As is so-shallism and don’t forget cradle to grave and govn’t setting the price of your Rx’s.

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We need a new word for inflation caused by supply-side, infrastructure-based, supply-chain bottlenecks.

My suggestion: Manchinflation.

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Inflation effects – especially on gasoline – are also more regionally felt. Here in Houston, there hasn’t been a noticeable uptick in gas prices b/c the supply chain is very short. (Houston’s 9 refineries process 2.3 million barrels of crude per day.) Also, part of the price spike you see elsewhere are due to the seasonal shift to winter formulations.

Food prices in my neck of the woods haven’t seen any sharp rises either – again, regional – b/c we have the Port of Houston AND have a larger base of truckers (notably from Mexico) to take care of land-based shipping.

OPEC & Putin are hurting because of the loss of cash flow due to 2 things: a disastrous price war to stop U.S. production independence (didn’t work) and global contraction of oil & gas markets from COVID & the technology shift to different energy streams.

Now, as to broader solutions… b/c of issues with the global supply chain, the U.S. should aggressively be vaccinating our trading partners. Ending the global pandemic is the single-most effective way to get global supply & demand back into balance.

The Biden Administration should also continue to work on having strategic supply chains return to the U.S. (or North America / Americas) as much as possible. There was a firm here in Texas that could have geared up to make N95 masks that would have lessened the shortages last year – but the Trump wouldn’t take them up on price/contract guarantees b/c reasons. The Council of Economic Advisors should make recommendations about hardening strategic supply streams within the U.S. going forward.

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I think the fact that new cars are in short supply because of the worldwide chip shortage is a big driver of inflation right now. We shopped seriously for a new car for my mate a couple of weeks ago and discovered virtually no new SUVs on the lot and the used cars available were going for more than they did brand new. Wanted an American made/union made SUV but they are all sitting in huge storage lots in Michigan waiting for chips which apparently won’t be available until next year sometime. We ended up buying a beautiful 2022 Hyundai Tucson for the same price as a several year old Subaru Outback with 25,000 miles. Hyundai has new cars in stock because they make their own chips and they come with a five year/60,000 mile warranty which is the best I’ver ever seen. And they are union made even though in Korea. Reefers and new appliances are three to five months out at Lowes/Home Depot. Supply is in very short supply while demand is up. Gas is the same price here as it has been for over a year, turkeys are the same as last year and milk is still only $100 for the five gallon pail size which my two kids each drink twice a day. They have bigger teeth than Eric the dotard’s spawn.

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