Title | Post Boost | Reach | Like | Comments | Shares | Clicks | Hide | Hideall | Cost | Topic |
Voters well versed in the facts and theories of politics | 2021-11-25 | 10 | - | inflation | ||||||
What kind of inflation do you prefer? | 2021-11-22 | 6 | - | inflation | ||||||
Unclear on the concept! | 2021-11-21 | 9 | - | inflation | ||||||
Inflation due to supply-chain issues will resolve itself | 2021-11-18 | 7 | - | inflation | ||||||
The free market at work - slowly! | 2021-11-14 | 8 | - | inflation | ||||||
There isn't any fast easy solution to externally-caused | 2021-11-14 | 6 | - | inflation |
The table above has these entries. Post entries with just one line for Reach were not boosted. Boosted posts have two lines for Reach and several other items. The upper line reflects all interactions, the bottom line just those resulting from paid ads.
========== Voters well versed in the facts and theories of politics and economics have mostly made up their minds and aren't persuadable any more - the problem for politicians is to get those voters to turn out even if they think the problems have no quick easy solution. Persuadable voters are persuaded more by simple theories than complicated facts. So most politicians pander to them. That much is bipartisan. https://www.washingtonpost.com/opinions/2021/11/25/inflation-cause-democrats-amplify-nonsense-corporate-greed/ The three root causes behind the most visible inflation are 1) offshoring and just-in-time logistics colliding with covid, 2) the decisions by Russia and Saudi Arabia to limit oil and gas production to keep prices high, and 3) the Great Resignation of workers who can't (because of lack of childcare) or won't (because of covid fears or lousy pay and benefits and working conditions). No doubt some businesses are taking advantage of the opportunity to raise prices beyond their increased costs, but that's secondary. Just-in-time logistics was invented 70 years ago by Toyota and has dominated the thinking of plenty of MBA's advancing their careers by driving cost out of the system - in its steady state. Unfortunately all that cost drives right back into the system when an external disruption undermines the steady state. It's worse when the covid disruption occurs far away in low-cost countries where critical production was offshored - again to drive cost out of the system. The low cost highly available imported goods you have enjoyed for decades were not as low cost as you thought - you signed up to pay over time, without knowing it. The oil producing countries take seriously global warming, to the extent of wanting to maximize profits now while oil and gas are still valuable. There is no reason to expect that to change. Wouldn't you do the same? The Great Resignation reduces labor participation and increases the value of labor, driving costs up, which might be imposed on consumers or on capitalists. The most direct way to deal with that would be to make sure that free child care were available for mothers who want to work, but GOP donors and Manchin think that would be too expensive. They'd rather pay higher prices than higher taxes. And - surprise - these same factors are at work in pretty much all the developed world, under a variety of different political and economic regimes. So there is no reason to suppose that different policies in the US will have an easy quick effect. If you've read this far, you've gotten further than most persuadable voters would ever go. They'll just vote the incumbents out, just as the GOP hoped they would. GOP politicians will then enact billionaire tax cuts, deregulation, and union busting, as usual. If inflation persists, they'll blame it on Biden. If instead a recession ensues, they'll blame it on Biden. Their major donors won't blame them though - Well done, good and faithful servant; enter thou into the joy of thy lord. #PS1inflation ===== impact 0 impactrate 0 negative 0 posted 2021-11-25 reactrate 0 sharesrate 0 title Voters well versed in the facts and theories of politics topic inflation wordrate 0 words 494 epoch Lifetime ID 1547209872290193 impress 10 pageid 534332363577954 pagename "Political scrapbook" posted "11/25/2021 13:11" reach 10 title "Opinion | The greediest Thanksgiving ever" type Link URL https://www.facebook.com/politicalscrapbooknet/posts/1547209872290193 ========== What kind of inflation do you prefer? From product shortages due to lack of transport - or From rising transport costs? https://www.nytimes.com/2021/11/09/us/politics/trucker-shortage-supply-chain.html Truckers have been giving up on lousy pay and benefits and worse working conditions since before the pandemic. GOP solution - blame Biden. Avoids the need to propose a specific solution that won't work anyway. #PS1inflation ===== impact 0 impactrate 0 negative 0 posted 2021-11-22 reactrate 0 sharesrate 0 title What kind of inflation do you prefer? topic inflation wordrate 0 words 57 epoch Lifetime ID 1545407039137143 impress 7 pageid 534332363577954 pagename "Political scrapbook" posted "11/22/2021 19:11" reach 6 title "The Biggest Kink in America’s Supply Chain: Not Enough Truckers" type Link URL https://www.facebook.com/politicalscrapbooknet/posts/1545407039137143 ========== Unclear on the concept! Lansner sounds as if he thinks DeSantis and Abbott actually want to SOLVE supply chain problems and the inflation they induce. That's the last thing on their minds - how could they blame Biden if they solved his problems for him? Not that DeSantis or Abbott or Biden have any quick way of solving any of the issues. None of them have the slightest influence on Vietnamese factory workers https://www.nytimes.com/2021/11/12/business/vietnam-workers-covid.html And moving more ships to Florida ports will just move the truck driver shortage there. Those governors are not in the business of solving supply-chain problems 70 years in the making - https://www.theguardian.com/commentisfree/2021/oct/11/just-in-time-supply-chains-logistical-capitalism They are in the business of running for president, trying to find a way, while maintaining plausible deniability of their intent, to capture Trump's base of voters and donors while blaming their competitors for trying to do the same thing. Tricky stuff! #PS1inflation https://www.ocregister.com/2021/11/16/letter-to-govs-abbott-and-desantis-your-barbs-wont-cure-shipping-backlogs/ ===== impact 0 impactrate 0 negative 0 posted 2021-11-21 reactrate 0 sharesrate 0 title Unclear on the concept! topic inflation wordrate 0 words 148 epoch Lifetime ID 1544575362553644 impress 10 pageid 534332363577954 pagename "Political scrapbook" posted "11/21/2021 12:11" reach 9 title "Letter to Govs. Abbott, DeSantis: Barbs won’t cure supply chain, shipping backlogs" type Link URL https://www.facebook.com/politicalscrapbooknet/posts/1544575362553644 ========== Inflation due to supply-chain issues will resolve itself eventually. There is little way to speed that up. Improving working conditions and compensation might help with maritime and trucking labor shortages, but might exacerbate wage inflation and shipping costs - https://www.nytimes.com/2021/11/17/opinion/supply-chain-labor-economy-covid.html There's not much to be done about oil production cutbacks by Russia and Saudi Arabia. Pumping from the strategic oil reserve won't make a difference and increasing domestic drilling won't pay off for years - besides making global warming worse. Making sure that there's no domestic price collusion going on might help - https://www.cnn.com/2021/11/17/politics/biden-high-gas-prices-ftc-letter/index.html But traditional demand-side inflation might be addressed by traditional means - higher taxes and higher interest rates - https://www.nytimes.com/2021/11/16/opinion/biden-inflation-spending-manchin.html Higher interest rates will certainly cool economic growth, and there aren't 50 votes in the Senate for higher taxes even on the rich. Every GOP senator expresses alarms about inflation, but not one is willing to undo any of the 2017 billionaire tax cut. And most wouldn't touch the Trump tariffs, increase immigration to deal with labor shortages, or do anything about drug prices. Because generally, the GOP doesn't want to fix inflation. The worse it is, the better their prospects in 2022. Never mind that the rest of the world is also suffering from supply chain issues and oil and gas prices - they'll blame it all on Biden anyway. And most voters are very low information on economic issues - https://www.nytimes.com/2021/11/16/opinion/gas-prices-economy.html which politicians and media are quick to exacerbate. #PS1inflation https://www.nytimes.com/2021/11/16/opinion/biden-inflation-spending-manchin.html ===== impact 0 impactrate 0 negative 0 posted 2021-11-18 reactrate 0 sharesrate 0 title Inflation due to supply-chain issues will resolve itself topic inflation wordrate 0 words 241 epoch Lifetime ID 1542269916117522 impress 7 pageid 534332363577954 pagename "Political scrapbook" posted "11/18/2021 06:11" reach 7 title "Opinion | I Warned the Democrats About Inflation" type Link URL https://www.facebook.com/politicalscrapbooknet/posts/1542269916117522 ========== The free market at work - slowly! https://www.nytimes.com/2021/11/08/technology/computer-chip-shortage.html The market for commodity microcontrollers has passed from a buyer's market to a seller's. That encourages manufacturers to invest in capital equipment and staff to run it, which will EVENTUALLY reduce the cost of many things - including new cars, used cars, and car rentals. But in the meantime increasing demand and low supply raises prices. It won't help on gasoline or natural gas prices. Those mostly reflect production decisions by Russia and Saudi Arabia which are beyond our control. #PS1inflation ===== impact 0 impactrate 0 negative 0 posted 2021-11-14 reactrate 0 sharesrate 0 title The free market at work - slowly! topic inflation wordrate 0 words 88 epoch Lifetime ID 1539882853022895 impress 9 pageid 534332363577954 pagename "Political scrapbook" posted "11/14/2021 16:11" reach 8 title "Chip Shortage Creates New Power Players" type Link URL https://www.facebook.com/politicalscrapbooknet/posts/1539882853022895 ========== There isn't any fast easy solution to externally-caused inflation. https://www.washingtonpost.com/us-policy/2021/11/14/inflation-economy-biden-prices/ So the GOP is free to use that as a cudgel to win control of Congress and the White House - while making sure that Biden enacts as few fixes as possible. https://www.washingtonpost.com/politics/2021/11/14/post-abc-poll-biden/ When they get a chance, GOP will fight inflation with more job creator billionaire tax cuts and deregulation and union-busting and entitlements reform and eventually cause a big enough recession that inflation will stop. They'll blame Biden for the recession and take credit for the stop. #PS1inflation ===== impact 0 impactrate 0 negative 0 posted 2021-11-14 reactrate 0 sharesrate 0 title There isn't any fast easy solution to externally-caused topic inflation wordrate 0 words 88 epoch Lifetime ID 1539760736368440 impress 7 pageid 534332363577954 pagename "Political scrapbook" posted "11/14/2021 11:11" reach 6 title "Biden approval hits new low as economic discontent rises, Post-ABC poll finds" type Link URL https://www.facebook.com/politicalscrapbooknet/posts/1539760736368440