Inflation is 3 percent

Lionfish said:
Wonderfulnews. Is that 3% on top of the 15-30% we have already experienced since Brandon took office?
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The entire world has been dealing with Global Inflation, post covid.

So no leader, Biden included can stop the impact of inflation when goods come in to their country from other countries where costs are soaring.
How you measure a leader, like Biden, is how he manages the problem compared to those other leaders, dealing the same problem. And on that front with America stick handling and getting the best results, Biden gets an A+.


Similarly Trump, nor any country was going to stop the impact of a world wide pandemic. The covid virus was going to arrive.
How you measure Trump, is how he managed the problems compared to other leaders. And on that front, with America ending up amongst the worst performers of the 1st world countries and closer in performance to 3rd world countries, in what is a POTUS singular most important duty of 'protecting the lives of his citizens', Trump got a 'F'.
 
ptif219 said:
It is still over twice as high when Biden took office. The fed says the target is 2% so they could still do rate hikes
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They should at least leave them the same, maybe hike them one more time for good measure, but nobody wants inflation below 2%, that is historically low anyway.

Some of your friends believe deflation is a good idea.
 
floridafan said:
We should all be thrilled that we dont have the years of Trump once again. He presided over massive unemployment, an economy on the brink of collapse, and a stock market that ended far lower than it began under his leadership. If we then consider the massive corruption and lies of his administration...............
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pure bullshit....everyone, including you, knows Trump's first three years were the best in decades and that he bears no responsibility for Covid......end of discussion......
 
Jarod said:
But their inflation is much worse than ours? How could that be when Biden is the cause?
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their dependency on imported oil was worse than ours when Biden was elected......the fact we can supply most of our own needs has kept us from the worst of Biden's fuckups.....
 
PostmodernProphet said:
their dependency on imported oil was worse than ours when Biden was elected......the fact we can supply most of our own needs has kept us from the worst of Biden's fuckups.....
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So you believe our domestic oil producers are giving the United States a break on price?
 
QP! said:
The entire world has been dealing with Global Inflation, post covid.

So no leader, Biden included can stop the impact of inflation when goods come in to their country from other countries where costs are soaring.
How you measure a leader, like Biden, is how he manages the problem compared to those other leaders, dealing the same problem. And on that front with America stick handling and getting the best results, Biden gets an A+.


Similarly Trump, nor any country was going to stop the impact of a world wide pandemic. The covid virus was going to arrive.
How you measure Trump, is how he managed the problems compared to other leaders. And on that front, with America ending up amongst the worst performers of the 1st world countries and closer in performance to 3rd world countries, in what is a POTUS singular most important duty of 'protecting the lives of his citizens', Trump got a 'F'.
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Brought on by stupid decisions, a war that never should have been allowed to happen, and brandon's declaration,
 
cawacko said:
Such an interesting dichotomy. People love when corporations create jobs. People love when corporations stock price goes up. But it bothers people that corporations make profits.
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Doesn’t bother me a bit. But when profits are made because of actions that hurt the public it is GOVERNMENTS role to regulate that behavior. That’s why libertarians are so full of shit. Put that theory into practice and they have no answers. Frankly, neither do Republicans. Deregulation by Trump has cased multiple rail accidents but I’m sure the lack of regulation lined the pockets of those shareholders.

No government regulations on anything? Cool. I’ll build my meth plant, use child labor, dump the chemicals into the drinking water and arm my distributors with AR-15s. Thanks libertarians!!!
 
PostmodernProphet said:
yes, its a year by year statistic......so 5 + 5 + 3....which for the lib'ruls not mathematically inclined, equals shitload.......
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Brandons decision to cut oil production spurred worldwide inflation. The sad part, when the grocery, and utility prices rapidly go up, they seldom come back down causing workers to demand more money, causing higher production costs, and the wheel goes around and around.
 
Lionfish said:
Brought on by stupid decisions, a war that never should have been allowed to happen, and brandon's declaration ...
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LOL.

We found someone who has no clue about the impact of a global pandemic, shutting down production and demand worldwide, and taking consumers out of the public square, and how coming out of that will cause Global Inflation in 100% of the times.


FLOL at how daft Trumpderps are the most basic economics possible.
 
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Tinkerpeach said:
What did Biden pass that helped the economy?
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Read it and weep, bitch

US Inflation Rate (CPI), YoY % Change...
Jun 2022: 9.1%
Jul 2022: 8.5%
Aug 2022: 8.3%
Sep 2022: 8.2%
Oct 2022: 7.7%
Nov 2022: 7.1%
Dec 2022: 6.5%
Jan 2023: 6.4%
Feb 2023: 6.0%
Mar 2023: 5.0%
Apr 2023: 4.9%
May 2023: 4.0%
Jun 2023: 3.0%
 
cawacko said:
Such an interesting dichotomy. People love when corporations create jobs. People love when corporations stock price goes up. But it bothers people that corporations make profits.
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Nope. That is just your misunderstanding.


We have recordings of CEO and CFO's speaking on earnings call all thru the pandemic, about how they have seized this as an opportunity to make outsized profits by raising prices beyond inflation demands, which then people just blame on inflation and they get a pass.

that used to be called 'Predatory Pricing' and condemned by all in government. Today the GOP cheers it on.

If prior to the pandemic the corporation was making a profit of X on its product, but as the costs go up during the pandemic due to inflation, the company CHOOSES to increase their profit margin so they also make 2X that is wrong and taking advantage.

It harms Americans and people worldwide but the Trumpderps applauded it as they thought it hurt Biden. And it did. But he still managed with excellent leadership to stick handle thru it despite Trumpderps and those corporations doing everything to harm us.
 
Joe Capitalist said:
Read it and weep, bitch

US Inflation Rate (CPI), YoY % Change...
Jun 2022: 9.1%
Jul 2022: 8.5%
Aug 2022: 8.3%
Sep 2022: 8.2%
Oct 2022: 7.7%
Nov 2022: 7.1%
Dec 2022: 6.5%
Jan 2023: 6.4%
Feb 2023: 6.0%
Mar 2023: 5.0%
Apr 2023: 4.9%
May 2023: 4.0%
Jun 2023: 3.0%
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Thanks Wet panties Joey but you neglected

2016 2.10% 0.75% Expansion (1.7%)
2017 2.10% 1.50% Expansion (2.3%)
2018 1.90% 2.50% Expansion (3.0%)
2019 2.30% 1.75% Expansion (2.2%)
2020 1.40% 0.25% Contraction (-3.4%) COVID-19
2021 7.00% 0.25% Expansion (5.9%) COVID-19
 
PostmodernProphet said:
pure bullshit....everyone, including you, knows Trump's first three years were the best in decades and that he bears no responsibility for Covid......end of discussion......
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Donald was not responsible for Covid, but his reaction to it was a total and complete disaster. Now explain, without lying, how trumps first 3 years were so great?
Did he build his wall?
Did he give us better health care, repeal the ACA?
Did he boost economic growth by b4% a year, as promised?
Did the average American family see his promised $4,000 pay raise?
Did he offer Covid tests to everyone that wanted them?
Did he eliminate the Federal deficit?
Did he hire only the best people?
Did he bring down the price of prescription drugs?
Did he bring back the coal industry?
Did he drain the swamp?
Did Mexico pay for his wall?
Did he bring peace to the Middle East as promised?
He said he would force American companies to keep jobs in America? Did he?

The list can go on and on and on.
 
QP! said:
Nope. That is just your misunderstanding.


We have recordings of CEO and CFO's speaking on earnings call all thru the pandemic, about how they have seized this as an opportunity to make outsized profits by raising prices beyond inflation demands, which then people just blame on inflation and they get a pass.

that used to be called 'Predatory Pricing' and condemned by all in government. Today the GOP cheers it on.

If prior to the pandemic the corporation was making a profit of X on its product, but as the costs go up during the pandemic due to inflation, the company CHOOSES to increase their profit margin so they also make 2X that is wrong and taking advantage.

It harms Americans and people worldwide but the Trumpderps applauded it as they thought it hurt Biden. And it did. But he still managed with excellent leadership to stick handle thru it despite Trumpderps and those corporations doing everything to harm us.
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Wait, you're telling me CFO's and CEO's talked about wanting to make more profit on calls with investors?!

How well will it go over with Wall St if CEO's and CFO's declare we're trying to cut back on earnings and growth as a social responsibility? There could be funds out there that like a lower growth projection but generally speaking, stocks rise on future growth projections - not the opposite - and that's who investors tend to back.
 
cawacko said:
Wait, you're telling me CFO's and CEO's talked about wanting to make more profit on calls with investors?!

How well will it go over with Wall St if CEO's and CFO's declare we're trying to cut back on earnings and growth as a social responsibility? There could be funds out there that like a lower growth projection but generally speaking, stocks rise on future growth projections - not the opposite - and that's who investors tend to back.
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It would go over well prior to this current Corporatist GOP as 'price gouging during a national emergency' is prosecutable and as such Boards and investors were happy to make the same good and fair profits but not price gouge to make record profits on the backs of captured customers in an emergency.
 
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