Everybody Sing Along With Mitch!
DEBUNKED INFLATION CAUSE CLAIM: Federal spending on pandemic relief like stimulus payments, small business loans and childcare credits gave consumers too much spending money, and raised demand and prices for everyone...
https://www.npr.org/2022/06/29/1108388304/inflation-biden-fed-interest-ukraine-stimulus
Headline: 23 million Californians to get up to $1,050 in "inflation relief" checks
https://www.cbsnews.com/news/stimulus-check-california-inflation-relief-payments/
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The People That Actually Set Prices at Corporations Do Math to Determine Just How High They Can Set Prices before Customers STOP Buying. The Goal is to Maximize Profits and, if Customers are Not Buying, the Prices are Too High and It's "ROLL BACK" Time. SO... One Way to Motivate them is to SIMPLY STOP BUYING...
My Personal Boycott is to Stop Shopping at Amazon. I Cancelled my Prime Membership and Haven't Bought Anything in Months... Of Course, This is Not a Big Deal because I Already Have Everything I Want... Jeff Bezos Has Been Behaving Badly Recently and I Refuse to Fund His Plans.
Remember: The Trouble With Taking Economics Classes is That You End Up BELIEVING the Fantasies They Teach... Watch the Film "Boom Bust Boom" Instead... MUCH More Insightful... It Starts with a Quote by Alan Greenspan, former Chainman of the Federal Reserve Speaking of the Collapse of The Banking Industry in 2008: "There was a Flaw in the Model I Percieved is the Critical Functioning Structure that Defines How the World Works... So To Speak... " - and That's Why the "Free Free Free Markets Crashed in 2008... He Believed in a Fantasy... and the Banks Lost all their Money... and Obama Magically Replaced the Money for Everyone Except Lehman Brothers... SOMEONE Had to be the Scape Goat... However, CEO Richard Fuld Personally Kept Millions of Dollars and Has Come Back to Play the Stock Market Again... The OCCUPY WALL STREET Movement was In Reaction to This Bailout of the Super Rich...
- The Dow Jones Industrial Average (DJIA) falls 2,997 points, losing 12.9% in its largest point drop ever.[135]
https://en.wikipedia.org/wiki/Timeline_of_the_Donald_Trump_presidency_(2020_Q1)#Week_164
Biden trumpets strong jobs report:
Trump's Stock Market Failure: DJIA: BIGGEST POINT LOSS in The History of the Universe... 3/16/2020: 2,997 points
Selling accelerated during the final hours of trading this Monday as the coronavirus task force updated the nation on the crisis. In response to a question, President Trump said the crisis could extend until August.The Dow Jones Industrial Average dropped 2,997 points or nearly 13 percent. The worst point drop on record and worst turn since the 1987 financial crisis.
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Selling accelerated during the final hours of trading this Monday as the coronavirus task force updated the nation on the crisis. In response to a question, President Trump said the crisis could extend until August.