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Soaring inflation rate under the Biden administration
#16
(10-07-2021, 12:21 PM)Hoot Gibson Wrote:
(10-07-2021, 11:58 AM)Cardfan1 Wrote: https://www.eia.gov/dnav/pet/hist/LeafHa...us_dpg&f=m

I chose a 6 month period prior to Covid. You remember that disease we licked in 15 days.

If you want the govt to intervene in the free market then you want socialism. That isn’t free market capitalism.  It’s pretty basic, Hoot.
I have never advocated that the government intervene in the free market. Government policies that allow capitalism to work by removing obstacles to the free market is not socialism. Leasing oil and coal reserves to private companies in a bidding process is not socialism. Effectively and efficiently processing permit applications in a predictable, fair manner is not socialism. Arbitrarily revoking permits in response to special interest demands and prohibiting the leasing of federal energy resources because of political pressures is not capitalism.

Implementing government policies that empower capitalism by reducing federal red tape is not intervening in the free market, it is the opposite - it is reducing intervention by the federal government and harnessing the power free market.

Your attempt to portray Biden as a supporter of the free market and me as an advocate for socialist intervention in the free market economy is dishonest and just plain bizarre.

As for your "6 month period," your numbers are off, as I said. Can you not read a line graph? If you look at the 10-year chart, you can see the impact that the Obama/Biden administration's energy policies had on gasoline prices, the impact that Trump's policies had on prices, and the impact that Biden's policies have had on prices. The impact of Biden's policies has just begun to kick into high gear and the economy has not fully recovered from the pandemic yet.
That’s a whole lot of govt participation for a free market capitalist. 

I’m not attempting to portray Biden as a capitalist, but you are obviously an opportunist once again. 

What the graph tells me is every time a Republican crashes the economy we go thru a period of high gas prices until a Democrat can get the economy under control which moderates gas prices and we elect another Republican and the cycle continues.
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RE: Soaring inflation rate under the Biden administration - by Cardfan1 - 10-07-2021, 01:07 PM

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