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It's not as simple as you think

Posted on: September 28, 2023 at 14:45:57 CT
KC rules MU
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During Trump's presidency and as a result of Covid, oil prices dropped dramatically (even going negative for a short period of time) due to a severe drop in demand. The practical and immediate result was that oil companies quit drilling wells because the price could not support the cost of the well. I know because my company went from running 40 rigs to almost none. The shut down in drilling was not felt for a year or so because demand was still extremely suppressed for an extended period of time. But when things did start picking up again, demand quickly outran supply which is why we saw pretty sharp increases in oil prices.

Similar scenarios occurred throughout the economy. The shutdown in production whether manufacturing or oil production etc did not have an instantaneous impact on the economy because demand was still low due to covid. You are right in that inflation hit hardest after Biden took over but it had very little to do with Biden. It was simply the lag between decreased supply and the recovery of demand. The world isn't as simplistic as you seem to think it is.

Edited by KC rules at 14:48:57 on 09/28/23
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DeSantis got one right finally - JayHoaxH8r MU - 9/28 09:27:15
     And the Biden admin on track to spend over 12T - Razor MU - 9/28 10:19:19
          R v D lol - pickle MU - 9/28 10:59:43
               Meh - Razor MU - 9/28 11:28:30
          where are you getting 12 T from? - meatiger MU - 9/28 10:22:20
               RE: where are you getting 12 T from? - Razor MU - 9/28 10:25:10
                    oh, above "baseline" - meatiger MU - 9/28 10:30:13
                         Baseline. Doesnt everyone have one. Over time. - tman MU - 9/28 13:09:11
          It's all bad - Sal CMSU - 9/28 10:21:39
               Covid23 - Wildcat KSU - 9/28 10:29:22
                    The timing is right on cue - Sal CMSU - 9/28 10:39:40
     And if Trump hadn't funded any covid relief, the - GA Tiger MU - 9/28 09:50:59
          lol (nm) - ashtray UF - 9/28 10:52:52
          who ****ing cares? (nm) - pickle MU - 9/28 10:31:38
          Yep, he should give the dems what they want(nm) - El-ahrairah UGA - 9/28 10:12:01
          That's true, but Trump shouldn't be so - Sal CMSU - 9/28 10:06:13
               He did not do it to please the Dems - meatiger MU - 9/28 10:09:56
                    He admitted that's why he kept Fauci around - Sal CMSU - 9/28 10:21:10
                         I still do not believe it - meatiger MU - 9/28 10:23:35
                              So you think he just secretly really liked Fauci? (nm) - Sal CMSU - 9/28 10:27:44
                                   Good question - meatiger MU - 9/28 10:32:59
                    No, he was creating a path for grifter crowd(nm) - Mormad MU - 9/28 10:14:52
          So Fat Donnie funded covid relief just because Dems - TigerJackSwartz MU - 9/28 09:58:20
          No. Trump wanted even more. - TigerMatt KC - 9/28 09:53:28
          well, kudos for Trump making the Dems happy - meatiger MU - 9/28 09:52:38
     was it covid or the tax cuts?(nm) - Th8tnTiger MU - 9/28 09:46:57
     The inflation rate was 1.4% when Trump left office.(nm) - Spanky KU - 9/28 09:44:18
          Spanked - JayHoaxH8r MU - 9/28 10:57:19
          The OP is accurate (nm) - Sal CMSU - 9/28 10:05:16
               The high inflation was caused by, and happened under, Biden - Spanky KU - 9/28 10:10:03
                    Trump contributed to it, there is no way around that (nm) - Sal CMSU - 9/28 10:21:58
                    High inflation was caused by artificial shortages as a - KC rules MU - 9/28 10:19:58
                         Retail stores were open under Trump....... consumer goods - Spanky KU - 9/28 10:33:37
                              RE: Retail stores were open under Trump....... consumer goods - KC rules MU - 9/28 10:47:41
                                   People were travelling again before Biden entered office - Spanky KU - 9/28 11:52:54
                                        It's not as simple as you think - KC rules MU - 9/28 14:45:57
                                             WT Crude was $53/bbl in Jan 2020 and never dipped below $60 - Spanky KU - 9/28 16:40:42
                                                  After April 2021 not 2020. Huge difference - KC rules MU - 9/28 17:10:08
                              Trump contributed to inflation (nm) - Sal CMSU - 9/28 10:41:39
                                   How much? - Spanky KU - 9/28 11:53:43
                                        Inflation doesn’t happen simultaneously with - Sal CMSU - 9/28 11:55:52
                                             There was no spike in spending... the largest spike happened - Spanky KU - 9/28 12:02:08
                                                  It's pretty bad - JayHoaxH8r MU - 9/28 13:19:13
                                                  he didn't say personal spending, stunad (nm) - ashtray UF - 9/28 12:59:53
          dumb post of the week(nm) - meatiger MU - 9/28 09:59:13
               and yet the FACT is that inflation was low the entire - Spanky KU - 9/28 10:18:58
                    RE: and yet the FACT is that inflation was low the entire - KC rules MU - 9/28 10:23:57
                         Nope.. it is 100% relevant - Spanky KU - 9/28 10:40:10
                              What inflation rates were before covid is irrevelant - KC rules MU - 9/28 10:48:55
                                   All evidence to the contary - Spanky KU - 9/28 12:03:13
                                   he's an idiot (nm) - ashtray UF - 9/28 10:56:05
               So, you don't read Jg or ras posts? - RHAYWORTH MU - 9/28 10:01:35
                    no - meatiger MU - 9/28 10:03:50
                         There's a reason - Wildcat KSU - 9/28 10:14:04
                    He means outside of those douches(nm) - Wildcat KSU - 9/28 10:02:27
          So DeSantis was wrong? (nm) - TigerJackSwartz MU - 9/28 09:58:38
               "set the stage" means nothing(nm) - Spanky KU - 9/28 10:06:11
          and that does not even include - meatiger MU - 9/28 09:53:39
               "indirectly forced" the Fed? - Spanky KU - 9/28 10:07:57
          Inflation is a monetary phenomenon, and the - Bulldog Bob Brown STL - 9/28 09:51:01
          The unprecedented money supply increases occurred - ummmm MU - 9/28 09:46:45
               yep (nm) - ashtray UF - 9/28 10:58:47
               Yet the inflation rate stayed well below 2% - Spanky KU - 9/28 09:52:52
                    Why are you wanting to die on this hill? (nm) - Sal CMSU - 9/28 10:05:42
                    Bidens stimulus was less than trumps(nm) - El-ahrairah UGA - 9/28 09:56:19
                         Biden's "stimulus" happened AFTER the need for stimulus - Spanky KU - 9/28 10:41:12
                              So did Trumps(nm) - El-ahrairah UGA - 9/28 12:37:44
                              lol (nm) - ashtray UF - 9/28 10:59:16
                                   Facts hurt your wee little brain(nm) - Spanky KU - 9/28 12:34:17
                         He is like the guy that blames the hangover - meatiger MU - 9/28 10:05:34
                    Trump was pushing for more and more spending even after he - TigerMatt KC - 9/28 09:55:19
     I think there was a health thing. Not sure. Nm - hokie VT - 9/28 09:38:22
          And that would be Trump's response, and there is - 4TigersinMichigan MU - 9/28 10:10:53
               Lol no (nm) - pickle MU - 9/28 10:33:38
          There was an abuse of government power thing, too - MIZ45 MU - 9/28 09:50:31
          Yes, the health thing that was the basis - Bulldog Bob Brown STL - 9/28 09:49:22
               We're ANY moves in the name of safety - hokie VT - 9/28 10:18:09
                    None - Bulldog Bob Brown STL - 9/28 10:25:10
                         I don't believe you. I don't believe you would sit there and - hokie VT - 9/28 10:41:26
                              LOL. I very much appreciate the choices. So hard to choose! - Bulldog Bob Brown STL - 9/28 10:44:58
                              So only government could have done stuff? - meatiger MU - 9/28 10:43:22
                              you’re a moron, hokie (nm) - pickle MU - 9/28 10:41:53
                    The words of a useful idiot. Again, no principles at all - pickle MU - 9/28 10:22:44
               “but no one could have known” (nm) - pickle MU - 9/28 10:01:26
                    "You must take extraordinary measures in a pandemic" - Bulldog Bob Brown STL - 9/28 10:06:10
                         And you knew all this on the first friggin day, right? The - hokie VT - 9/28 10:21:26
                              RE: And you knew all this on the first friggin day, right? The - Bulldog Bob Brown STL - 9/28 10:26:32
                                   whelp(nm) - CulturedDan MU - 9/28 10:48:02
                                        lol hokie replied in the thread instead of in this one (nm) - pickle MU - 9/28 11:12:34
                                             if only the trumpies listened to ashtray - CulturedDan MU - 9/28 11:28:19
                                             I would laugh, but I do that all the time. - CulturedDan MU - 9/28 11:26:49
                              Yes. In fact you can go back and look at posts - pickle MU - 9/28 10:23:07
                                   he's far too lazy to do that - ashtray UF - 9/28 11:02:21
                         but if you are a good donor - meatiger MU - 9/28 10:18:24
          this is what a lack of knowledge and principles looks like (nm) - pickle MU - 9/28 09:42:36
          You having a stroke? - Wildcat KSU - 9/28 09:38:50
     So, next question - Wildcat KSU - 9/28 09:38:12
     Yes he did - 4TigersinMichigan MU - 9/28 09:29:14
          lol you supported it and have constantly defended it (nm) - pickle MU - 9/28 09:41:52
               He is for small government - meatiger MU - 9/28 10:04:58




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