ShinerBock
LVTX
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way2roll wrote:
Are you implying that along with fuel the president also controls the price of trucks? What about Milk, he control that too?
Control? No. Influence pricing due to policy, legislation, and regulation? Yes.
You can have the EPA make up new environmental laws that force refineries to shutdown or close the economy due to aggressive covid policies causing many energy companies to lose profit for a few years meaning they had to shut down at least five refineries in the past two years. You can force states to go renewable energy like wind mills that are more susceptible to harder climates, then when you have a freak cold snap for two week, then refineries that are making the additives for oil and fuel are forced to shut down due to no power.
There are many more things that a president, governor, or legislator can do and have done that effect costs.
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time2roll
Southern California
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ShinerBock wrote:way2roll wrote:
Are you implying that along with fuel the president also controls the price of trucks? What about Milk, he control that too?
Control? No. Influence pricing due to policy, legislation, and regulation? Yes.
You can have the EPA make up new environmental laws that force refineries to shutdown or close the economy due to aggressive covid policies causing many energy companies to lose profit for a few years meaning they had to shut down at least five refineries in the past two years. You can force states to go renewable energy like wind mills that are more susceptible to harder climates, then when you have a freak cold snap for two week, then refineries that are making the additives for oil and fuel are forced to shut down due to no power.
There are many more things that a president, governor, or legislator can do and have done that effect costs. So a few marginal players went bankrupt during the extreme drop in fuel demand during the pandemic and during the previous administration..... now the economy comes back and it is the fault of the current administration?
This is just part of our economic system more than the administrations.
JMHO.
Same in other areas. We were unknowingly living in a bit of a bubble that has now burst.
Either way the terrible fail Ford Lightning is sold out for at least three years.
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ShinerBock
LVTX
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time2roll wrote:So a few marginal players went bankrupt during the extreme drop in fuel demand during the pandemic and during the previous administration..... now the economy comes back and it is the fault of the current administration?
This is just part of our economic system more than the administrations.
JMHO.
Same in other areas. We were unknowingly living in a bit of a bubble that has now burst.
Either way the terrible fail Ford Lightning is sold out for at least three years.
I was just naming a few ways a president, governor, and/or legislator has an effect on prices. The current administrated supported the "shut everything down" policy even though many economist said we will pay for it later down the line. He also supported and pushed the Covid spending Trillion dollar spending spree bill where more than half went pet projects that had nothing to do with covid which causes us to print more money which in turn causes higher inflation because the dollar is worth less. There are many more ways that these people can effect current prices and supply shortages.
Many new or special edition vehicles are bought out by those who can afford them so they can sell them at exorbitant prices later on. That is nothing special or new.
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time2roll
Southern California
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ShinerBock wrote:I was just naming a few ways a president, governor, and/or legislator has an effect on prices. The current administrated supported the "shut everything down" policy even though many economist said we will pay for it later down the line. He also supported and pushed the Covid spending Trillion dollar spending spree bill where more than half went pet projects that had nothing to do with covid which causes us to print more money which in turn causes higher inflation because the dollar is worth less. There are many more ways that these people can effect current prices.
Many new or special edition vehicles are bought out by those who can afford them so they can sell them at exorbitant prices later on. That is nothing special or new. More like get vaccinated and get back to work far more than any shutdown. I remember there would be vaccinations available to everyone and 4th of July 2021 was going to be the new freedom with 95+% of the population vaccinated.
Of course there was a lot of resistance to getting vaccinated and any mandates went nowhere. We have seen the enemy and it is ourselves ![[emoticon]](https://forums.goodsamclub.com/sharedcontent/cfb/images/wink.gif "wink")
The last administration printed more than any one previous or since.
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shelbyfv
TN
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ShinerBock wrote:time2roll wrote:So a few marginal players went bankrupt during the extreme drop in fuel demand during the pandemic and during the previous administration..... now the economy comes back and it is the fault of the current administration?
This is just part of our economic system more than the administrations.
JMHO.
Same in other areas. We were unknowingly living in a bit of a bubble that has now burst.
Either way the terrible fail Ford Lightning is sold out for at least three years.
I was just naming a few ways a president, governor, and/or legislator has an effect on prices. The current administrated supported the "shut everything down" policy even though many economist said we will pay for it later down the line. He also supported and pushed the Covid spending Trillion dollar spending spree bill where more than half went pet projects that had nothing to do with covid which causes us to print more money which in turn causes higher inflation because the dollar is worth less. There are many more ways that these people can effect current prices and supply shortages.
Many new or special edition vehicles are bought out by those who can afford them so they can sell them at exorbitant prices later on. That is nothing special or new. Yep. That's why only USA is experiencing inflation and higher gas prices....![[emoticon]](https://forums.goodsamclub.com/sharedcontent/cfb/images/doh.gif "doh")
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Grit dog
Black Diamond, WA
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ShinerBock wrote:
The current administrated supported the "shut everything down" policy even though many economist said we will pay for it later down the line.
^This right here may cost me (the company I manage work for) $2,000,000, just on one project. Won't know until the dust settles on the recent lawsuit filed against us for damages our subcontractor alleges they experienced due to the "shut most things down" policy the left side hit us with. (But not others....)
Currently only a couple hundred thousand actual out of pocket on that one project and about $500k on another.
So spent alot of money to pay to play in a state that supports the current admin more than an underwire bra!
And we'll likely lose 8 figures on another project here, or roughly 30% of our profit on that job thanks to the same. Only if we don't get sued by subs on that job as well, and lose.
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IdaD
Idaho
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time2roll wrote:ShinerBock wrote:I was just naming a few ways a president, governor, and/or legislator has an effect on prices. The current administrated supported the "shut everything down" policy even though many economist said we will pay for it later down the line. He also supported and pushed the Covid spending Trillion dollar spending spree bill where more than half went pet projects that had nothing to do with covid which causes us to print more money which in turn causes higher inflation because the dollar is worth less. There are many more ways that these people can effect current prices.
Many new or special edition vehicles are bought out by those who can afford them so they can sell them at exorbitant prices later on. That is nothing special or new. More like get vaccinated and get back to work far more than any shutdown. I remember there would be vaccinations available to everyone and 4th of July 2021 was going to be the new freedom with 95+% of the population vaccinated.
Of course there was a lot of resistance to getting vaccinated and any mandates went nowhere. We have seen the enemy and it is ourselves
The last administration printed more than any one previous or since.
A guy I really respect a lot on these topics recently broke down inflation causes as listed below, more detail in the link if you're interested. The current and previous administrations absolutely did some things that contributed to the inflationary cycle we're in, but neither controlled the majority of the causes.
Link - Barry Ritholtz
Quote:
Here are 15 or so drivers of rising prices, roughly in order. Most of the blame goes to those at the top of the list, the bottom of the list are very modest but real contributors:
Inflation Blame
1. Covid-19
2. Congress
3. President Biden CARES Act 3
4. President Trump CARES Acts 1+2
5. Consumers (overspent without regard to cost)
6. Consumers (shift to Goods)
7. Russian Invasion of Ukraine
8. Just in Time Delivery (supply chains)
9. Fed/Monetary Policy
10. Wages/Unemployment Insurance
11. Home Shortages
12. Semiconductors/Automobiles
13. Corporate Profit Seeking
14. Tax Cuts (2017) / Infrastructure (2022)
15. Crypto
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ShinerBock
LVTX
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time2roll wrote:More like get vaccinated and get back to work far more than any shutdown. I remember there would be vaccinations available to everyone and 4th of July 2021 was going to be the new freedom with 95+% of the population vaccinated.
Of course there was a lot of resistance to getting vaccinated and any mandates went nowhere. We have seen the enemy and it is ourselves
The last administration printed more than any one previous or since.
But that was not the case. Many blue states still shut down or shuttered even after the vaccine(unless you were rioting). The current administration supported these shut downs and even chastised red states like mine who stayed open.
Also, as you can see in the link federal reserve showing the amount of money in circulation. The money in circulation exploded in March 2020 after the bill signed by the current administration and the amount put in circulation during the previous administration was no where near the increase in the past two years. So I am not sure how you can say more was printed with the last administration when there wasn't that much of an increase in circulation unless they destroyed trillions of currency.
Currency in Circulation
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time2roll
Southern California
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Grit dog wrote:Oh, AND its not socialist... Of course not. Controlling prices directly is the socialism. There are already too many controls like rent control(stabilized) in some areas.
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Grit dog
Black Diamond, WA
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time2roll wrote:ShinerBock wrote:I was just naming a few ways a president, governor, and/or legislator has an effect on prices. The current administrated supported the "shut everything down" policy even though many economist said we will pay for it later down the line. He also supported and pushed the Covid spending Trillion dollar spending spree bill where more than half went pet projects that had nothing to do with covid which causes us to print more money which in turn causes higher inflation because the dollar is worth less. There are many more ways that these people can effect current prices.
Many new or special edition vehicles are bought out by those who can afford them so they can sell them at exorbitant prices later on. That is nothing special or new. More like get vaccinated and get back to work far more than any shutdown. I remember there would be vaccinations available to everyone and 4th of July 2021 was going to be the new freedom with 95+% of the population vaccinated.
Of course there was a lot of resistance to getting vaccinated and any mandates went nowhere. We have seen the enemy and it is ourselves
The last administration printed more than any one previous or since.
Uhhh, the Rona started in 2020 cheif. Over a year isn't get vaxxed and get back to work. Over a year is being held hostage and watching the world burn around you for fear of getting a bad case of the flu.
(I know old people are generally more paranoid about it for obvious reasons, but old people don't have to get out and keep the world turning. They can sit back and stay healthy while those that are unaffected by it get punished by the decisions to protect essentially just old people and only some of them. Just the ones that are knocking on Gods door anyway)
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