Quote:

---

Originally posted by 6IXSTRINGJACK:

LOL...

You'll sit in judgement of Xi in May of 2022 after the last two years Democrats put us all through, huh?

Get fucked.

---

Quote:

---

Originally posted by second:
German inflation reaches highest in nearly 50 years. Must be Democrats' fault per angry poor white trash voters. Trust their judgment because they worked hard to get poor.

---

Quote:

---

Gas prices climb 5 cents overnight, Americans are paying nearly $2 more from just one year ago
Americans are paying $1.87 more than they were just a year ago, when the price was $3.05 per gallon

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

Gas is now over $3.00 more than it was the day I voted for Trump.

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

Gas is now over $3.00 more than it was the day I voted for Trump.

---

If you sell fuel, January 2021 was the beginning of a great 18 months:

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
NERC informs White House that 2/3 of the nation should expect blackouts this summer.

As part of the Green Energy Transition Plan.

Just in time for Elections.

---

Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by JEWELSTAITEFAN:
NERC informs White House that 2/3 of the nation should expect blackouts this summer.

As part of the Green Energy Transition Plan.

Just in time for Elections.

---

Maybe I wasn't watching much TV for a while.

But now, lately I see a whole lot of ads for Generac.

Maybe those pure Electric Vehicle idiots can start buying Generacs to haul around on a trailer. For use during all the blackouts

---

Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by JEWELSTAITEFAN:
NERC informs White House that 2/3 of the nation should expect blackouts this summer.

As part of the Green Energy Transition Plan.

Just in time for Elections.

---

Maybe I wasn't watching much TV for a while.

But now, lately I see a whole lot of ads for Generac.

Maybe those pure Electric Vehicle idiots can start buying Generacs to haul around on a trailer. For use during all the blackouts

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

Or... If Second and the Democrat idiots get their way and we start paying $2 or more per kWh for electricity to feed their electric car addiction you could just get one and power your house on natural gas 24/7.

Even with Biden*'s price hike, it would be cheaper to power your house on Natural Gas than it would to power it on Electric when tens of millions of people are charging their cars.

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

Or... If Second and the Democrat idiots get their way and we start paying $2 or more per kWh for electricity to feed their electric car addiction you could just get one and power your house on natural gas 24/7.

Even with Biden*'s price hike, it would be cheaper to power your house on Natural Gas than it would to power it on Electric when tens of millions of people are charging their cars.

---

Electricity from fossil fuels costs 17 cents per kilowatt-hour. The people in the fossil fuel business are serious about increasing inflation (and making more money for themselves) by not drilling new natural gas wells.

Meanwhile, Solar energy costs average between 3 cents and 6 cents per kilowatt-hour and are trending down, according to the National Renewable Energy Laboratory. Sadly for you, there won't be lower prices for Solar because in a Capitalist system the selling price will be about the same as natural gas generated electricity, but the cost to the Capitalist for Solar will be going down, down, down.

Charge your vehicle while the Sun shines.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

There isn't enough unused land on the planet for all of your solar panels and wind farms that you idiots would need to power your cars. And just think of all of the deforestation necessary, not to mention all the good farm land gone to waste for your insane little project.

Nope.

Until we build a lot of nuclear plants, your electric cars are a fuckin' pipe dream.




Oh... and P.S. That stupid little Chevy pickup that you fake bought will only charge to 80% in 41 to 44 minutes from 15%. (Anything beyond 80% slows significantly) That means, unless you have a few hours to burn charging it to full, you're going to get about 320 miles on it before you have to take an almost hour long break to get back to driving. And that's only if you aren't using the pickup truck to haul anything and you're not a fatass.

And 80% of 200 kWh is 160 kWh, so do have fun charging that up to 80% for a measly 320 miles at over $300 when we're paying $2 per kWh after you retards flood the roads with these things. I don't use 160 kWh in a month to power everything in my house. Not even close. Think about that. It will cost more energy for you to drive 320 miles than it costs for most people to run their entire homes for a month. Often by 2 or 3 times in non-A/C months.


And even at today's prices in states where the price is still reasonable, that's going to cost you over $20-$30 plus whatever your frequent down time waiting for the thing to charge up costs you in lost time.

Let's not even mention how crappy your cell phone batteries start behaving the older the phone gets. But you probably don't notice that since you upgrade to a new phone every year or two.


--------------------------------------------------

Falsus in unum, falsus in omnibus

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

There isn't enough unused land on the planet for all of your solar panels and wind farms that you idiots would need to power your cars. And just think of all of the deforestation necessary, not to mention all the good farm land gone to waste for your insane little project.

Nope.

Until we build a lot of nuclear plants, your electric cars are a fuckin' pipe dream.




Oh... and P.S. That stupid little Chevy pickup that you fake bought will only charge to 80% in 41 to 44 minutes from 15%. (Anything beyond 80% slows significantly) That means, unless you have a few hours to burn charging it to full, you're going to get about 320 miles on it before you have to take an almost hour long break to get back to driving. And that's only if you aren't using the pickup truck to haul anything and you're not a fatass.

And 80% of 200 kWh is 160 kWh, so do have fun charging that up to 80% for a measly 320 miles at over $300 when we're paying $2 per kWh after you retards flood the roads with these things. I don't use 160 kWh in a month to power everything in my house. Not even close. Think about that. It will cost more energy for you to drive 320 miles than it costs for most people to run their entire homes for a month. Often by 2 or 3 times in non-A/C months.


And even at today's prices in states where the price is still reasonable, that's going to cost you over $20-$30 plus whatever your frequent down time waiting for the thing to charge up costs you in lost time.

Let's not even mention how crappy your cell phone batteries start behaving the older the phone gets. But you probably don't notice that since you upgrade to a new phone every year or two.


--------------------------------------------------

Falsus in unum, falsus in omnibus

---

You sure do write a lot that is NOT true.

---

Quote:

---

Originally posted by secondbot:

Quote:

---

Originally posted by 6IXSTRINGJACK:
There isn't enough unused land on the planet for all of your solar panels and wind farms that you idiots would need to power your cars. And just think of all of the deforestation necessary, not to mention all the good farm land gone to waste for your insane little project.

Nope.

Until we build a lot of nuclear plants, your electric cars are a fuckin' pipe dream.


Oh... and P.S. That stupid little Chevy pickup that you fake bought will only charge to 80% in 41 to 44 minutes from 15%. (Anything beyond 80% slows significantly) That means, unless you have a few hours to burn charging it to full, you're going to get about 320 miles on it before you have to take an almost hour long break to get back to driving. And that's only if you aren't using the pickup truck to haul anything and you're not a fatass.

And 80% of 200 kWh is 160 kWh, so do have fun charging that up to 80% for a measly 320 miles at over $300 when we're paying $2 per kWh after you retards flood the roads with these things. I don't use 160 kWh in a month to power everything in my house. Not even close. Think about that. It will cost more energy for you to drive 320 miles than it costs for most people to run their entire homes for a month. Often by 2 or 3 times in non-A/C months.


And even at today's prices in states where the price is still reasonable, that's going to cost you over $20-$30 plus whatever your frequent down time waiting for the thing to charge up costs you in lost time.

Let's not even mention how crappy your cell phone batteries start behaving the older the phone gets. But you probably don't notice that since you upgrade to a new phone every year or two.

--------------------------------------------------

Falsus in unum, falsus in omnibus

---

You sure do write a lot that is NOT true. Given the U.S. consumes about 4 petawatt hours of electricity per year, we’d need about 13,600,000 acres or 21,250 square miles of solar panels to meet the total electricity requirements of the United States for a year.
https://www.freeingenergy.com/how-much-solar-would-it-take-to-power-th
e-u-s/

I drive a Ford Lightning. It charges at work all day long. I could move the 240V charger to the house, but since the house isn't an industrial building, it would take more work to install. It was trivial to install the charger at work, while it was work to install it at home.
https://www.ford.com/trucks/f150/f150-lightning/

Warren Gunnels @GunnelsWarren tweeted

Oil prices today: $115.83 a barrel
Gas prices today: $5.01 a gallon

Oil prices in April of 2008: $116.50
Gas prices in April of 2008: $3.51 a gallon

Gas prices are $1.50 a gallon higher than they should be because of the greed of big oil. It's time for a windfall profits tax.

4:17 PM · Jun 15, 2022·Twitter Web App
https://twitter.com/GunnelsWarren/status/1537182648598204422

I checked prices to see if this tweet is true. Yes, it is:
https://fred.stlouisfed.org/graph/?g=QGzA

---

Quote:

---

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

He forgot about how gas was around $2.30 per gallon the entire time President Trump was in office.

Lying by omission again, I see.

Quote:

---

Gas prices are $1.50 a gallon higher than they should be because of the greed of big oil. It's time for a windfall profits tax.

---

CORRECTION: Gas prices are $2.80 higher than they should be.



--------------------------------------------------

Falsus in unum, falsus in omnibus

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

He forgot about how gas was around $2.30 per gallon the entire time President Trump was in office.

Lying by omission again, I see.

Quote:

---

Gas prices are $1.50 a gallon higher than they should be because of the greed of big oil. It's time for a windfall profits tax.

---

CORRECTION: Gas prices are $2.80 higher than they should be.



--------------------------------------------------

Falsus in unum, falsus in omnibus

---

Trump had no control over gasoline prices. It is the oil companies controlling prices. There could be a law controlling gasoline prices, but Republicans won't allow it to pass:
https://scalise.house.gov/media/press-releases/heat-leaders-denounce-b
idens-war-american-energy-gas-prices-top-5-gallon

---

Quote:

---

Originally posted by JEWELSTAITEFAN:

Can't be too surprised that sloppyseconds can't post a sensible chart.

Keep in mind that those 42 gallon barrels of oil, after refining, can result in 20 gallons of gasoline.

So the scaling on those overlapping charts is totally goofy, with NEGATIVE $30 per barrel equalling $2 per gallon after the costs of refining. Or, NEGATIVE $30 per barrel plus refining costs results in $40 of gasoline - about $70 per barrel in refining costs, at maximum economy.

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

Yup. You keep saying so.

Yet after 4 years of great gas prices under Trump, here we are.

Get fucked, idiot.

--------------------------------------------------

Falsus in unum, falsus in omnibus

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

There isn't enough unused land on the planet for all of your solar panels and wind farms that you idiots would need to power your cars. And just think of all of the deforestation necessary, not to mention all the good farm land gone to waste for your insane little project.

Nope.

Until we build a lot of nuclear plants, your electric cars are a fuckin' pipe dream.




Oh... and P.S. That stupid little Chevy pickup that you fake bought will only charge to 80% in 41 to 44 minutes from 15%. (Anything beyond 80% slows significantly) That means, unless you have a few hours to burn charging it to full, you're going to get about 320 miles on it before you have to take an almost hour long break to get back to driving. And that's only if you aren't using the pickup truck to haul anything and you're not a fatass.

And 80% of 200 kWh is 160 kWh, so do have fun charging that up to 80% for a measly 320 miles at over $300 when we're paying $2 per kWh after you retards flood the roads with these things. I don't use 160 kWh in a month to power everything in my house. Not even close. Think about that. It will cost more energy for you to drive 320 miles than it costs for most people to run their entire homes for a month. Often by 2 or 3 times in non-A/C months.


And even at today's prices in states where the price is still reasonable, that's going to cost you over $20-$30 plus whatever your frequent down time waiting for the thing to charge up costs you in lost time.

Let's not even mention how crappy your cell phone batteries start behaving the older the phone gets. But you probably don't notice that since you upgrade to a new phone every year or two.


--------------------------------------------------

Falsus in unum, falsus in omnibus

---

You sure do write a lot that is NOT true.

---

No. I don't.

Quote:

---

Given the U.S. consumes about 4 petawatt hours of electricity per year, we’d need about 13,600,000 acres or 21,250 square miles of solar panels to meet the total electricity requirements of the United States for a year.
https://www.freeingenergy.com/how-much-solar-would-it-take-to-power-th
e-u-s/

---

lol. freeenergy.com? You are a stupid asshole.

---

---

The average monthly residential usage of electricity per house in America: 893 kWh per month

https://www.eia.gov/tools/faqs/faq.php?id=97&t=3

How many vehicles are driven in the US: 276 Million

https://www.bankrate.com/insurance/car/car-


80% of the energy stored in a Lightning (The most likely you'd fill it up to on the road): 160 kWh

How many miles you get out of an 80% charge on your Lightning (when it's brand new and the battery hasn't started degrading): 320 miles

How many kWh would it take to charge 276 Million Lightnings to 80% once: 44,160,000,000 kWh.

Average miles driven per car in the US annually: 14,263 miles

https://www.kbb.com/car-advice/average-miles-driven-per-year/

14,263 miles divided by 320 miles (80% charge on a Lightning) = 44.57 annual 80% charges

How many kWh would it take to charge 276 million Lightnings 44.57 times annually:

44,160,000,000 x 44.57 = 1,968,211,200,000 kWh or 1.97 Petawatt hours



RESIDENTIAL electricity use in America is only a fraction of the 4 Petawatt hours you claimed.

1.464 Petawatt hours, to be exact.

https://www.statista.com/statistics/560927/us-retail-electricity-consu
mption-by-sector/


So 1.97 Petawatt hours for cars + 1.464 Petawatt hours for current residental use = 3.434 Petawatt hours.

That's 235% what residential consumers in America currently consume in electricity.


But that's okay. I know that you know electricity is magical.



--------------------------------------------------

Falsus in unum, falsus in omnibus

Quote:

---

Originally posted by 6IXSTRINGJACK:

But that's okay. I know that you know electricity is magical.



--------------------------------------------------

Falsus in unum, falsus in omnibus

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

But that's okay. I know that you know electricity is magical.

--------------------------------------------------

Falsus in unum, falsus in omnibus

---

When a Trumptard uses the word "magical" it is a clear sign they think they know something they don't know. I will explain it to you: If you buy a $35,000 vehicle, there will be $3,500 invested in the energy infrastructure to power it. It could be refinery/pipelines/fuel trucks/gas stations. Or it could be solar cells/high voltage transmission/recharge stations. If gasoline becomes obsolete, the $3,500 of equipment for refineries, etc. is obsolete and destined for the scrape heap. You use the word "magical" because you don't want to think about scraping and rebuilding. You don't want to replace the obsolete equipment. I suspect you are a hoarder with a garage full of obsolete machinery. Trumptards really do cling to their stuff as precious as if their old stuff is their irreplaceable hand or their foot. It is probably why Trumptards cannot pick themselves up and move to better places when the old place goes into decline: see West Virginian out-of-work coal miners who all vote for Trump because he's gonna bring back the coal industry.

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

But that's okay. I know that you know electricity is magical.



--------------------------------------------------

Falsus in unum, falsus in omnibus

---

When a Trumptard uses the word "magical" it is a clear sign they think they know something they don't know. I will explain it to you: If you buy a $35,000 vehicle, there will be $3,500 invested in the energy infrastructure to power it. It could be refinery/pipelines/fuel trucks/gas stations. Or it could be solar cells/high voltage transmission/recharge stations. If gasoline becomes obsolete, the $3,500 of equipment for refineries, etc. is obsolete and destined for the scrape heap. You use the word "magical" because you don't want to think about scraping and rebuilding. You don't want to replace the obsolete equipment. I suspect you are a hoarder with a garage full of obsolete machinery. Trumptards really do cling to their stuff as precious as if their old stuff is their irreplaceable hand or their foot. It is probably why Trumptards cannot pick themselves up and move to better places when the old place goes into decline: see West Virginian out-of-work coal miners who all vote for Trump because he's gonna bring back the coal industry.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

I use the word Magical because YOU Democrat retards think that electricity is magic.

You dumb motherfuckers are going to be the ones who put all the out-of-work coal miners back to work to feed your addiciton.

And newsflash, the only reason they lost their jobs in the first place was because natural gas got cheaper. Since Biden* has been in office that isn't the case anymore. Even without your dumb shit "magical" cars the coal miners are going back to work since you won't allow nuclear power.

--------------------------------------------------

Falsus in unum, falsus in omnibus

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

I use the word Magical because YOU Democrat retards think that electricity is magic.

You dumb motherfuckers are going to be the ones who put all the out-of-work coal miners back to work to feed your addiciton.

And newsflash, the only reason they lost their jobs in the first place was because natural gas got cheaper. Since Biden* has been in office that isn't the case anymore. Even without your dumb shit "magical" cars the coal miners are going back to work since you won't allow nuclear power.

--------------------------------------------------

Falsus in unum, falsus in omnibus

---

A US town has rejected plans for solar panels amid fears they would 'suck up all the energy from the sun'. The town motto is "I'm an American. I don't have to understand anything."

Jane Mann, a retired "science" teacher, said she was concerned the panels would prevent plants in the area from photosynthesizing, stopping them from growing. She also questioned the high number of cancer deaths in the area, saying no one could tell her solar panels didn't cause cancer.

6ix, it is unsurprising you and the Trumptards I know worry about gasoline prices. Trumptards don't have much money for gas but what they do have in abundance is invincible ignorance. There is an unbreakable connection between money problems and ignorance. Trumptards never understand the connection because they aren't ignorant, just poor, hardworking white trash.

---

Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by JEWELSTAITEFAN:
NERC informs White House that 2/3 of the nation should expect blackouts this summer.

As part of the Green Energy Transition Plan.

Just in time for Elections.

---

Maybe I wasn't watching much TV for a while.

But now, lately I see a whole lot of ads for Generac.

Maybe those pure Electric Vehicle idiots can start buying Generacs to haul around on a trailer. For use during all the blackouts

---

Quote:

---

Originally posted by JEWELSTAITEFAN:
Maybe you should cut second some slack. I just saw on the news that second's small budget is greatly affected, because of the price increase of his tampons.

---

Quote:

---

Originally posted by second:
I found the source of your electric car hatred:

The Culture War Over Electric Cars
June 18, 2022, 8:50 AM
https://slate.com/podcasts/what-next-tbd/2022/06/electric-cars-are-fac
ing-pushback-from-north-carolina

The Biden administration has made electric vehicles a top priority. The administration wants half of all new vehicles sold to be electric by 2030. Some states, like California, are setting bolder targets, while some other states appear to be moving in the opposite direction. Last month, the bill was introduced in North Carolina that can only be described as the most anti-electric car bill to date.

This North Carolina bill has one goal -- to keep people from buying an electric car. Will electric vehicles be the latest flashpoint in America’s culture wars? Legislators in North Carolina believe that electric vehicles are unjust.

The law requires that there be no free chargers for electric batteries while vehicles are parked for shopping. You must be billed the full price for the electricity. And if there are paid chargers, the stores also must have a gasoline filling station. Stores are NOT required to bill for gasoline. Trumptards are crazy.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

How is this story the source of my "hatred" for EVs?

I've already been very clear what the problems will be, but you skipped that because you don't understand math.

Nobody needs to pass any laws to keep people from buying them. Once a few million of you idiots are driving them around, nobody is going to be letting you charge them up for free. Once everybody's prices for powering their homes skyrockets and people start getting brown and blackouts because of the additional strain you goons are putting on the grid, people who don't have EVs aren't going to hate the EVs. They're going to hate YOU.



--------------------------------------------------

Falsus in unum, falsus in omnibus

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

Your Lightning was an absolute waste of money, and you will be making the lives of other people worse simply by the fact that you own it and charge it.

The only good news to come out of this is that YOU will come to regret your purchase too, so everybody loses.

---

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

Your Lightning was an absolute waste of money, and you will be making the lives of other people worse simply by the fact that you own it and charge it.

The only good news to come out of this is that YOU will come to regret your purchase too, so everybody loses.

---

I've wanted an electric truck for myself since I bought a toy electric truck that the great grandchildren can ride in. The children and I love electric trucks, but mine goes faster.

---

Quote:

---

Originally posted by second:
By identifying Republicans, and only firing Republicans, Democrats can reduce inflation to zero!

Here’s why Larry Summers wants 10 million people to lose their job

Last Updated: June 21, 2022 at 6:03 a.m. ET

Former U.S. Treasury Secretary Larry Summers says there needs to be a surge in unemployment to curb inflation, which Federal Reserve policymakers say doesn’t need to happen for price growth to cool off.

According to Bloomberg News, Summers said in a speech on Monday from London there needs to be a lasting period of an unemployment rise to contain inflation — either, a one year spike to 10%, two years of 7.5% unemployment, or five years of 6% unemployment.

Put a different way, Summers is calling for the unemployed rolls to swell to roughly 16 million from just under 6 million in May.

President Joe Biden said he spoke with Summers on Monday, though he said a U.S. recession can be avoided.

The way Summers framed the numbers suggests he’s talking about what’s known as the Sacrifice Ratio, which is the link between unemployment and inflation. According to Jason Furman, the former chair of President Obama’s Council of Economics Advisers, in the 25 years before the pandemic, the Sacrifice Ratio has been six percentage points — meaning one year of a 6 percentage point jump in unemployment, or two years of a 3 percentage point increase in the jobless rate, would be required to knock down inflation by a full percentage point.

In May, the unemployment rate was 3.6%. What Summers is basically saying is he wants the unemployment rate to rise to a level that would knock a full percentage point off inflation. The core PCE price index was 4.9% year-over-year in April.

Current Federal Reserve officials don’t accept that there needs to be such a stark trade-off. The Fed’s forecasts call for the unemployment rate to rise to 4.1% next year in a way that would cool core inflation to 2.3%. Christopher Waller, a Fed governor, said the trade-off was less between inflation and unemployment, than between inflation and job openings.

Jerome Powell, the Fed chair, also said such a stark trade-off wasn’t needed. “Take for example in the labor market, so you have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating. You could get to a place where that ratio was at a more normal level and you would expect to see those wage pressures move back down to level where people are still getting healthy wage increases, real wage increases, but at a level that’s consistent with 2% inflation,” Powell said at the last press conference.

https://web.archive.org/web/20220621111332/https://www.marketwatch.com
/story/heres-why-larry-summers-wants-10-million-people-to-lose-their-job-11655800397

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

Quote:

---

Originally posted by second:
By identifying Republicans, and only firing Republicans, Democrats can reduce inflation to zero!

Here’s why Larry Summers wants 10 million people to lose their job

Last Updated: June 21, 2022 at 6:03 a.m. ET

Former U.S. Treasury Secretary Larry Summers says there needs to be a surge in unemployment to curb inflation, which Federal Reserve policymakers say doesn’t need to happen for price growth to cool off.

According to Bloomberg News, Summers said in a speech on Monday from London there needs to be a lasting period of an unemployment rise to contain inflation — either, a one year spike to 10%, two years of 7.5% unemployment, or five years of 6% unemployment.

Put a different way, Summers is calling for the unemployed rolls to swell to roughly 16 million from just under 6 million in May.

President Joe Biden said he spoke with Summers on Monday, though he said a U.S. recession can be avoided.

The way Summers framed the numbers suggests he’s talking about what’s known as the Sacrifice Ratio, which is the link between unemployment and inflation. According to Jason Furman, the former chair of President Obama’s Council of Economics Advisers, in the 25 years before the pandemic, the Sacrifice Ratio has been six percentage points — meaning one year of a 6 percentage point jump in unemployment, or two years of a 3 percentage point increase in the jobless rate, would be required to knock down inflation by a full percentage point.

In May, the unemployment rate was 3.6%. What Summers is basically saying is he wants the unemployment rate to rise to a level that would knock a full percentage point off inflation. The core PCE price index was 4.9% year-over-year in April.

Current Federal Reserve officials don’t accept that there needs to be such a stark trade-off. The Fed’s forecasts call for the unemployment rate to rise to 4.1% next year in a way that would cool core inflation to 2.3%. Christopher Waller, a Fed governor, said the trade-off was less between inflation and unemployment, than between inflation and job openings.

Jerome Powell, the Fed chair, also said such a stark trade-off wasn’t needed. “Take for example in the labor market, so you have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating. You could get to a place where that ratio was at a more normal level and you would expect to see those wage pressures move back down to level where people are still getting healthy wage increases, real wage increases, but at a level that’s consistent with 2% inflation,” Powell said at the last press conference.

https://web.archive.org/web/20220621111332/https://www.marketwatch.com
/story/heres-why-larry-summers-wants-10-million-people-to-lose-their-job-11655800397

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

---

That's funny.

Unemployment was 3.5% in 2019 and inflation was normal.

And why are you taking any talk of an imbalance in wage negotiations in favor of labor as if it were a bad thing? You wanted $15/hr minimum wage and said that it wouldn't factor into inflation.

--------------------------------------------------

Falsus in unum, falsus in omnibus

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

That's funny.

Unemployment was 3.5% in 2019 and inflation was normal.

And why are you taking any talk of an imbalance in wage negotiations in favor of labor as if it were a bad thing? You wanted $15/hr minimum wage and said that it wouldn't factor into inflation.

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Originally posted by second:
LIE #1: Unchecked corporate power is fueling inflation.

LIE #2: (Personally, I love the system,

LIE #3: but then I'm not in your position of having nothing to sell but my labor.)

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Originally posted by 6IXSTRINGJACK:

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Originally posted by second:
LIE #1: Unchecked corporate power is fueling inflation.

LIE #2: (Personally, I love the system,

LIE #3: but then I'm not in your position of having nothing to sell but my labor.)

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Falsus in unum, falsus in omnibus

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Originally posted by second:

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Originally posted by 6IXSTRINGJACK:
That's funny.

Unemployment was 3.5% in 2019 and inflation was normal.

And why are you taking any talk of an imbalance in wage negotiations in favor of labor as if it were a bad thing? You wanted $15/hr minimum wage and said that it wouldn't factor into inflation.

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Why fire minimum wage employees when the government can most effectively hurt sellers of over-priced merchandise by encouraging employers to fire over-paid people who make $53,490 or more per year? - https://www.jobted.com/salary

This is how these anti-inflation measures work:

Send a signal to sellers that they have set their prices too high.

The only way to send that signal is to reduce their sales of over-priced merchandise.

The only way to do that is to take money away from buyers. (Or government sets prices. Not gonna happen in America.)

The most direct ways to take money away from buyers is to raise the interest rates they pay and to lower their incomes.

What better way to lower incomes than by firing people, especially people with high earned incomes?

This is how Capitalism was designed to work. The design was done by Capitalists for Capitalists' best advantage. Firing employees is good for Capitalists because it reduces their costs. The choices for Capitalists are raise prices and reduce costs (which means firing employees, especially high priced ones), which is exactly what American Capitalists have done for all my life.

See the nice price increases, year after year? That is perfect for Capitalists:
https://fred.stlouisfed.org/graph/?g=QNta


A fact that Capitalists don't talk about much to their customers: Capitalists raise prices because their customers have too much money.

Another fact that Capitalists don't talk about much to their employees: employees are fired to lower costs.

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Originally posted by second:

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Originally posted by 6IXSTRINGJACK:

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Originally posted by second:
LIE #1: Unchecked corporate power is fueling inflation.

LIE #2: (Personally, I love the system,

LIE #3: but then I'm not in your position of having nothing to sell but my labor.)

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Falsus in unum, falsus in omnibus

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LIE #4: The typical angry poor white trash Republican

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Not a Republican. Long post history here proving that.

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LIE #5: says everything is a lie except that Democrats are to blame for everything.

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I absolutely don't say that. Very recent post history shows that I've said that the Democrats are regretting stealing the 2020 election now because Trump would have had to deal with some economic fallout because of the bullshit Democrat lead Covid shutdowns that even JohnsHopkins has come out and said had a negligible effect doing anything to combat Covid.

It's just that EVERYTHING they've done since they've been in power has made that situation worse for everyone. You included. Nobody here believes any of your bullshit fantasies about yourself. You are born loser who will die a loser because you let time pass you by and you are exactly the same loser that you always were.

You have a very long post history here showing that.

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How is that working out for you, 6ix? Does that belief put money in your bank account? It does not.

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I don't need more money. I have plenty.

I'm not greedy.



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Falsus in unum, falsus in omnibus

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Originally posted by 6IXSTRINGJACK:

Not a Republican. Long post history here proving that.

I don't need more money. I have plenty.

Falsus in unum, falsus in omnibus

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Originally posted by second:

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Originally posted by 6IXSTRINGJACK:

Not a Republican. Long post history here proving that.

I don't need more money. I have plenty.

Falsus in unum, falsus in omnibus

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Not a Republican?

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