Inflation is 3 percent

volsrock said:
If a factory before covid was making 1,000 widgets a day.... Then went to 300 widgets a day because of the shutdown etc

Widgets are going to go up in cost
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Correct. But when production ramps up there will be a glut. The prices don't come down, though.

Corps. whose supply chains weren't affected by Covid are reaping record profits due to price manipulation, and blaming inflation.

[h=1]Corporations are using inflation as an excuse to raise prices and make fatter profits — and it's making the problem worse[/h]
 
Cypress said:
The real lesson here is that your predictive abilities on economics are pure shit.

You and Trump have been guaranteeing for years that if Biden were president there would be a devastating economic recession or depression.


Your prediction ranks among the worst ever made on JPP.
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Plus, fools conflate the Market with the economy.

The Fed put trillions into the Market via the purchase of corporate bonds during Covid. It didn't save/create jobs.

It increased profits/dividends/CEO pay.

The Fed liquidated when Biden took office and the economy came back.
 
PostmodernProphet said:
actually I look at him as a worthless piece of shit, as I do most of you demmycrats......
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A worthless piece of shit who you see as the most powerful leader the US and the World has had.

You are saying Biden alone controlled world wide inflation. You see him as having near god like power.
 
PostmodernProphet said:
"we are going to bankrupt the fossil fuel industry"........."we stopped the oil drilling, man!"........
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Sorry what were you trying to say...

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PostmodernProphet said:
it amazes me that you fucks don't see that Biden has fucked up our economy.....personally I think you know it but won't admit it......
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Why would anyone see what you and biggest derps in the Trumposphere see?

All across right and far right media they were kicking themselves that there was no way to spin Bidens economy numbers currently as bad. begrudging complement, after begrudging compliment with statements like 'there really is nothing bad we can say here, these are very good numbers'.
 
Cypress said:
The real lesson here is that your predictive abilities on economics are pure shit.

You and Trump have been guaranteeing for years that if Biden were president there would be a devastating economic recession or depression.


Your prediction ranks among the worst ever made on JPP.
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no, the real lesson is that demmycrats are incapable of recognizing a suffering economy......at least they can't recognize it if THEY cause it.....
 
QP! said:
A worthless piece of shit who you see as the most powerful leader the US and the World has had.

You are saying Biden alone controlled world wide inflation. You see him as having near god like power.
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don't be an idiot......Biden doesn't CONTROL world wide inflation......he just causes it by doing stupid things....
 
PostmodernProphet said:
don't be an idiot......Biden doesn't CONTROL world wide inflation......he just causes it by doing stupid things....
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lol at someone thinking Biden was the cause of world wide inflation, in a global market coming out of pandemic caused recession, calling anyone else an idiot.

Again you attribute Biden so much power, that you think he and not the global covid recession then triggered the period of inflation that followed.

You are so in awe of the power you attribute to Biden that you flunk the most basic of economics.
 
PostmodernProphet said:
you wouldn't.....because you're idiots.....

Biden stopped selling oil leases until the courts told him he was violating the law and made him start up again....;
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You really are bad at this.

Whether Biden sold the oil willingly or the courts forced him to, destroys the point you were trying to make that it was Biden's lack of selling oil that contributed to the inflation.

You lose either way.
 
QP! said:
lol at someone thinking Biden was the cause of world wide inflation,
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1) raised energy prices by reducing domestic production radically......
2) flushed massive amounts of government fake money into the economy.......

works every time.......
 
QP! said:
Whether Biden sold the oil willingly or the courts forced him to, destroys the point you were trying to make that it was Biden's lack of selling oil that contributed to the inflation.
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perhaps if you ignore the year and half that passed in between him stopping and the courts restarting it......coincidentaly, that was the year and a half that we had inflation......go figure.....
 
QP! said:
I know you guys look at Biden as some massively all powerful being and that is why you fear him so much but, no, Biden was not responsible for World wide inflation.
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He is responsible for inflation in the States, though, and yes...he IS partially responsible because he took so much oil off the market through executive orders.
QP! said:
He was responsible though for managing the US's better than almost all other countries.
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I'm not talking about other countries. Straw man fallacy.
Since 2021 to today, inflation is approx 32%. Source: US Treasury
 
PostmodernProphet said:
Did he build his wall?....you blocked it....
Did he give us better health care, repeal the ACA?....you blocked it....
Did he boost economic growth by b4% a year, as promised?.....no, but it grew more than it did under demmycrats...
Did the average American family see his promised $4,000 pay raise?.....no, but it grew more than it did under demmycrats...
Did he offer Covid tests to everyone that wanted them?....yes, even Biden got one before he was inaugurated.....
Did he eliminate the Federal deficit?......you already know his first three years were the lowest in a decade....
Did he hire only the best people?...Biden was not hired....
Did he bring down the price of prescription drugs?....yes, he issued an executive order reducing the copay for insulin.......Biden reversed it his first week....
Did he bring back the coal industry?.....Biden destroyed them again....
Did he drain the swamp?.....thousands of demmycrats lost their government jobs
Did Mexico pay for his wall?.....you blocked it.....
Did he bring peace to the Middle East as promised?.....there were no wars during his four years.....
He said he would force American companies to keep jobs in America? Did he?......more new jobs than any other president.....

The list can go on and on and on.......it sure can, for four more years....

by the way you forgot tax cuts for every American who paid taxes and the appointment of conservative judges....
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He ignores all that.
Trump DID manage to build a significant part of the wall despite the Democrats, though.
 
Joe Capitalist said:
Funny. The MAGA paints Biden as this master criminal of this widespread global criminal Enterprise and at the same time this weak, frail old man who can barely tie his own shoes.

I wish they'd make up their fucking minds.
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Biden has committed several acts of treason and broken most of immigration law.
...or should I say...Obama.
 
floridafan said:
It's called greed, unbridled greed. Corporate America took full advantage of the pandemic and raised prices far more than the rate of inflation. It was easy at the time to blame their greed on the pandemic. Take a 2 liter bottle of soda which prior sold for as little as 99 cents, but now you pay anywhere from $2.95- 3.50 for the same exact bottle. This isn't inflation , its outright greed.
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Nope. That's inflation.

YOU don't get to dictate prices.
 
PostmodernProphet said:
1) raised energy prices by reducing domestic production radically......
2) flushed massive amounts of government fake money into the economy.......

works every time.......
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Now you tink Biden is a Wizard.

AGAIN...

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If Biden America can produce more crude (offshore and total domestic) than Trumps and yet somehow that 'reduces domestic supply' that is some black magic shit. Or...ORRRR you are lying again.


And Biden pumping 'fake money' into the economy coming out of the pandemic recession is how every government since the great depression has mitigated and softened recessions and made the recovery easier. It is the reason Bidens current economy is booming and the terrible times you Derps were predicting did not come.

Sucks you guys could not crush the American economy with the debt ceiling right? Looks like Biden is likely to ride a booming economy into the next election.
 
Concart said:
Wages are now increasing much faster than inflation, we are almost to the 2% figure. So where is the Great Depression that the Trumptards told us was coming. I'm sitting here buckled up, but nothing is happening! What gives?

Ooops.
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Yea I know. Once again the Supply Siders were wrong. Which not exactly a surprise there as they have not ever once made a prediction that was right.

Once again Keynesian economics saves the day during an economic crises.

Things are going quite well in favor of Biden being re-elected. All the key metrics are going his way. SCOTUS hasn’t exactly been helping the GOP with their recent reactionary decisions either.
 
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