Re:The worrying kink in this job openings, unemployment curve
by arunabha on Monday October 06, 2025 @02:28PM
(#45494569)
> The Biden administration decided that the best way to fight inflation was to invent a giant pile og money and hand it out
Can you provide some references for your claim? IIRC, under Biden, inflation was stoked by the Covid stimulus(arguably necessary to avoid rapid deflation due to Covid, but probably kept for too long) and the Fed moved pretty decisively in the second half of the Biden presidency to raise interest rates rapidly to combat inflation. FWIW, the inflation issue seemed to be under control and heading in the right direction before the administration changed.
Re:The worrying kink in this job openings, unemployment curve
by dgfitz on Monday October 06, 2025 @02:48PM
(#45494806)
> IIRC, under Biden, inflation was stoked by the Covid stimulus(arguably necessary to avoid rapid deflation due to Covid, but probably kept for too long)
I think you answered your own question.
Re:The worrying kink in this job openings, unemployment curve
by walls on Monday October 06, 2025 @03:10PM
(#45495082)
Do you know who was president in March 2020, when that happened? I'll give you a hint: he put his own name on the checks.
Re:The worrying kink in this job openings, unemployment curve
by TimorousBestie on Monday October 06, 2025 @03:15PM
(#45495128)
Regrettably, everyone more or less memory-holed this. Biden is held responsible for all the bad things that happened because of COVID, and Trump escapes any blame whatsoever despite, yknow, advocating for bleach injections or whatever that was.
Re:The worrying kink in this job openings, unemployment curve
by elevation on Tuesday October 07, 2025 @09:56PM
(#45511222)
> “you’re going to have to use medical doctors but it’d be interesting to check that” [0]
Re:The worrying kink in this job openings, unemployment curve
by TimorousBestie on Tuesday October 07, 2025 @10:38PM
(#45511456)
Man, I forgot that he almost used to sound lucid every once in a while, in those days.
Re:The worrying kink in this job openings, unemployment curve
by dgfitz on Monday October 06, 2025 @06:19PM
(#45496942)
The quote I quoted said, quite literally, “under Biden” I offered no new information
Re:The worrying kink in this job openings, unemployment curve
by ThinkBeat on Tuesday October 07, 2025 @10:09PM
(#45511279)
Ever hear about: Inflation Reduction Act¹
It authorised $891 billion in total spending – including $783 billion on energy and climate change, and three years of Affordable Care Act subsidies
in order to...... Reduce Inflation.
Re:The worrying kink in this job openings, unemployment curve
by TimorousBestie on Monday October 06, 2025 @02:19PM
(#45494429)
> Now the US is different. The Biden administration decided that the best way to fight inflation was to invent a giant pile og money and hand it out.
Biden did not invent quantitative easing.
Re:The worrying kink in this job openings, unemployment curve
by smileysteve on Monday October 06, 2025 @02:30PM
(#45494590)
Indeed, it was expanded greatly during the admins of Bush and Trump.
Re:The worrying kink in this job openings, unemployment curve
by serioussecurity on Monday October 06, 2025 @02:23PM
(#45494490)
I'm sorry you're blaming the Biden admin for a bush era policy why?
The central bank raises interest rates, until there are enough bankrupcies and unemployment rate reaches a high enough level, The economy cools down.
The nation has low inflation again.
Rinse out and repeat.
They do the direct opposite of bailing anyone out.
Now the US is different. The Biden administration decided that the best way to fight inflation was to invent a giant pile og money and hand it out.
Which heats up the economy and should raise inflation .