Accidentally? How fucking clueless can one be to claim Covid is not responsible? Has he been cut off from civilization for the last two years? Was he the Japanese they found hiding on an island still fighting WWII? Maybe an deaf astronaut that was accidentally left on the space station? A cannibal tribesman in the Amazon?
Originally Posted by WTF
There you go again! You are functionally incapable of grasping any thought deeper than a soundbite or a talking point.
How did Tesla manage to sell 90% more vehicles last year than in 2020? Why were some automakers less affected than others by the chip shortage? Is it because they didn't put a moron like you in charge of their procurement & supplies? Why is there a shortage at all when global chip production hit a record 1.15 trillion last year? Are we making the wrong kinds of chips?
Aww fuck, please don't ask me all those questions, you make it sound sooo complicated and I can't deal with that! I might have to do some homework!!
Like I said many times...the Shutdown of the world economies was a DEMAND problem. There was none.
Originally Posted by WTF
No, dummkopf. You're wrong again. You really need to stfu instead of prancing around pretending you're an economist. "Like I said many times..." lol! You're such a fucking bigshot blowhard, aintcha!
The shutdown wasn't the real problem. It only lasted one quarter (Q2 2020). And lack of demand wasn't the problem at all. To the contrary, it was EXCESS DEMAND that blasted the economy into overheat mode once it opened up again. Then the dim-retards stupidly poured even MORE gasoline on the fire in early 2021 with their profligate, unneeded $1.9 trillion American Rescue Plan. And they did this at a time when the economy had ALREADY bounced back to its pre-pandemic level of output!
The result was entirely predictable... inflation catapulted through the roof! From 1.4% in 2020 to 7.5% now, measured by the 12-month CPI increase - even worse (9.7%) if you look at the PPI, and either way we're seeing a 40-year high in the erosion of the dollar's purchasing power, with more inflation in the pipeline!
And what sad, mealy-mouthed, disingenuous excuses do we hear from the far-left woke voodoo economists on Team Biden and from the simps on this board like WTF?
Covid! Covid! Covid!
Supply chain! Supply chain! Supply chain!
Chip shortage! Chip shortage!
Once again, the dim-retards have emphatically demonstrated they can't be trusted with the nation's fiscus. Luckily, we dodged a bullet when Joe Manchin and Kyrsten Sinema stopped the Build Back Better bill. But the dim-retards still managed to inflict massive damage. It will take years of skillful fiscal and monetary management for our economy to heal.
Starting all economies back up will take time to work out the equilibrium.
Originally Posted by WTF
We've been "back up" for the past 6 quarters, you dolt. Try to keep up! The data is out there. If you're going to pretend you're an economist, ask the BEA to send it to you!
US Real GDP Growth, Annualized
Q3 2020: +33.8%
Q4 2020: +4.5%
Q1 2021: +6.3%
Q2 2021: +6.7%
Q3 2021: +2.3%
Q4 2021: +6.9%