5 ms·

> The assertion that a temporary delay in student loan repayments during a pandemic is causing inflation is particularly hilarious Ok, you seem to be a good wo

> The assertion that a temporary delay in student loan repayments during a pandemic is causing inflation is particularly hilarious Ok, you seem to be a good word smith. Let's break this down with some common sense. If you don't have to pay the monthly student loan note, that leaves more money in your pocket right? That means you're likely to go out and spend that extra money that should have been allocated for the student loan on goods and services. Hense buying goods and services leads to further inflation. Cash will only lose value, so it is better to get your shopping out of the way and stock up on things that probably won't lose value. This is fairly straightforward and common sense. > but the unionization complaint is perhaps even more hilarious Once again. What do union's for the most part do? Bargaining representative during negotiations related to wages and salary. What do higher wages do? Cause inflation... Fact! Businesses pass that cost onto the consumer. Once again econ 101 stuff here. > You're also hilariously wrong about oil and energy issues; the US is still producing more oil, right now, than the average year during the Trump Administration, and is still a net exporter of energy. This topic is a bit harder as data seems to be mixed, but I did find an article that quoted. Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday.

Bud 4y ago
So I'm to take lectures on economics from people who can't spell the plural of "union"? No thanks.
- nodesocket 4y ago
  Great one, really savvy rebuttal and debate. You realize I wrote that on my phone right?
Bud 4y ago
As for the excuse you wrote it on your phone: you made the same mistake, plus capitalizing "Union's", which we also don't do in English, in your first post on this. So basically, you can't form the plural properly in your native language, and you're also telling various lies about unionization because you read one or two stories about how one or two Amazon shops are unionizing, and you've decided to buy into the host of silly right-wing lies on all this, even though it's completely impossible that this infinitesimal increase in unionization, which hasn't even occurred yet, could have had any role in the current inflation. Any role whatsoever. I would have just let all this drop, but really now. You can't spell "unions" or figure out whether it's capitalization yet but you want to grandstand about how unionization that hasn't even occurred yet has magically caused inflation? It's just a bit much to swallow, is all. I quote: “In 2021, the number of wage and salary workers belonging to unions continued to decline (-241,000) to 14.0 million, and the percent who were members of unions – the union membership rate – was 10.3 percent, the U.S. Bureau of Labor Statistics reported today. The rate is down from 10.8 percent in 2020 – when the rate increased due to a disproportionately large decline in the total number of nonunion workers compared with the decline in the number of union members. The 2021 unionization rate is the same as the 2019 rate of 10.3 percent. In 1983, the first year for which comparable union data are available, the union membership rate was 20.1 percent and there were 17.7 million union workers.” https://www.natlawreview.com/article/unions-numbers-2022-edition#:~:text=According%20to%20the%20BLS%20press,of%20Labor%20Statistics%20reported%20today https://www.natlawreview.com/article/unions-numbers-2022-edi.... There is no real surge in unionization at all. Did you even bother to check before mouthing the words that the most credulous 2% of feral Trumpers are feeding you? To the extent that any such surge does eventually materialize, it will of course have nothing to do with Joe Biden, and it will improve the economy. Not harm it. But please. Let's not engage in magical time-travel thinking and pretend, among adults, that a surge starting in 2022 is responsible for our current inflation. That's a complete joke. Almost as big of a joke as other parts of your argument, like the assertion that the halting of Keystone XL, which would not have even been completed until 2023 even if it had been allowed to go ahead, is responsible for inflation.

Bud 4y ago

So I'm to take lectures on economics from people who can't spell the plural of "union"? No thanks.

nodesocket 4y ago
Great one, really savvy rebuttal and debate. You realize I wrote that on my phone right?

Bud 4y ago

As for the excuse you wrote it on your phone: you made the same mistake, plus capitalizing "Union's", which we also don't do in English, in your first post on this. So basically, you can't form the plural properly in your native language, and you're also telling various lies about unionization because you read one or two stories about how one or two Amazon shops are unionizing, and you've decided to buy into the host of silly right-wing lies on all this, even though it's completely impossible that this infinitesimal increase in unionization, which hasn't even occurred yet, could have had any role in the current inflation. Any role whatsoever. I would have just let all this drop, but really now. You can't spell "unions" or figure out whether it's capitalization yet but you want to grandstand about how unionization that hasn't even occurred yet has magically caused inflation? It's just a bit much to swallow, is all. I quote: “In 2021, the number of wage and salary workers belonging to unions continued to decline (-241,000) to 14.0 million, and the percent who were members of unions – the union membership rate – was 10.3 percent, the U.S. Bureau of Labor Statistics reported today. The rate is down from 10.8 percent in 2020 – when the rate increased due to a disproportionately large decline in the total number of nonunion workers compared with the decline in the number of union members. The 2021 unionization rate is the same as the 2019 rate of 10.3 percent. In 1983, the first year for which comparable union data are available, the union membership rate was 20.1 percent and there were 17.7 million union workers.” https://www.natlawreview.com/article/unions-numbers-2022-edition#:~:text=According%20to%20the%20BLS%20press,of%20Labor%20Statistics%20reported%20today https://www.natlawreview.com/article/unions-numbers-2022-edi.... There is no real surge in unionization at all. Did you even bother to check before mouthing the words that the most credulous 2% of feral Trumpers are feeding you? To the extent that any such surge does eventually materialize, it will of course have nothing to do with Joe Biden, and it will improve the economy. Not harm it. But please. Let's not engage in magical time-travel thinking and pretend, among adults, that a surge starting in 2022 is responsible for our current inflation. That's a complete joke. Almost as big of a joke as other parts of your argument, like the assertion that the halting of Keystone XL, which would not have even been completed until 2023 even if it had been allowed to go ahead, is responsible for inflation.