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Thread: Inflation surges 7% in December, highest rate in 40 years

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    Default Inflation surges 7% in December, highest rate in 40 years

    Get ready to relive the Carter years!

    Inflation rose at the fastest pace in nearly four decades in December, as rapid price gains fueled consumer fears about the economy and sent President Biden's approval rating tumbling.

    The consumer price index rose 7% in December from a year ago, according to a new Labor Department report released Wednesday, marking the fastest increase since June 1982, when inflation hit 7.1%. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.5% in the one-month period from November.

    https://www.foxbusiness.com/economy/...er-price-index
    LET'S GO BRANDON!

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    A 40 year high for inflation.

    Biden/Kam are harming Americans.

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    It is really bad, someone above the poverty level to mid middle class are really struggling right now
    LET'S GO BRANDON!

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    The Fed has said that they will raise interest rates but that will only mitigate inflation a bit.

    The middle and lower income folks will suffer with higher mortgage and credit card interest rates.

    Biden/Kam are harming Americans.

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    Quote Originally Posted by Stringfellow Hawk View Post
    It is really bad, someone above the poverty level to mid middle class are really struggling right now
    Blame greedy corporatists. Ari Melber’s show last night, he knocked it out of the park.

    Our country is not alone

    “The big picture: Rising prices aren’t just a problem in the United States. Thirty-nine of the countries analyzed by the Pew Research Center saw inflation increase between the third quarter of 2019 and the third quarter of this year.”

    https://news.yahoo.com/u-isn-t-alone...221123571.html
    "Unvaccinated people are potential variant factories," Dr. William Schaffner, a professor in the Division of Infectious Diseases at Vanderbilt University Medical Center,

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    Out of control spending by the Biden/Kam Democrats are partly to blame for the out of control inflation.

    They are hurting lower and middle income Americans.

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    Quote Originally Posted by Phantasmal View Post
    Blame greedy corporatists. Ari Melber’s show last night, he knocked it out of the park.

    Our country is not alone

    [FONT="]“The big picture:[/FONT] Rising prices aren’t just a problem in the United States. Thirty-nine of the countries analyzed by the Pew Research Center saw inflation increase between the third quarter of 2019 and the third quarter of this year.”

    https://news.yahoo.com/u-isn-t-alone...221123571.html
    Everyone that understands supply side economics knows transportation drives all costs. We now have higher fuel costs than under the previous admin and lack of drivers meaning some things simply don't ship driving demand. Many manufacturers are seeing trans cost higher than raw material costs when priced per unit, same for outgoing waste from that production.

    this will be worse than Carter and Biden is not near the intelligence of Carter
    LET'S GO BRANDON!

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    Quote Originally Posted by Stringfellow Hawk View Post
    Everyone that understands supply side economics knows transportation drives all costs. We now have higher fuel costs than under the previous admin and lack of drivers meaning some things simply don't ship driving demand. Many manufacturers are seeing trans cost higher than raw material costs when priced per unit, same for outgoing waste from that production.

    this will be worse than Carter and Biden is not near the intelligence of Carter
    You making this statement means you are ignorant about how things work.
    "Unvaccinated people are potential variant factories," Dr. William Schaffner, a professor in the Division of Infectious Diseases at Vanderbilt University Medical Center,

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    Let's Go Brandon!

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    All thanks to Trump and you for completely fucking up the response to COVID, which created supply chain issues.
    "While you're worried about bad apples
    We're wary of the roots
    Because no healthy tree
    Naturally bears strange fruit"


    -Jessica Foster, June 2020

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    Quote Originally Posted by Stringfellow Hawk View Post
    Everyone that understands supply side economics knows transportation drives all costs. We now have higher fuel costs than under the previous admin and lack of drivers meaning some things simply don't ship driving demand. Many manufacturers are seeing trans cost higher than raw material costs when priced per unit, same for outgoing waste from that production.
    Completely fucking wrong.

    The reason we have a supply chain crisis has nothing to do with transportation costs and everything to do with the simple fact that the supply chain shortage is in SHIPPING CONTAINERS because for most of 2020 and 2021, shipping containers that would normally take consumer goods from China to America and back, instead carried PPE from America to countries like Cameroon. Then the containers just stayed there. So let's be clear...the supply chain crisis is because of the global response to COVID in 2020-21, and has nothing to do with the cost of transportation.

    You are a joke. Time for a new sock, eh?
    Last edited by LV426; 01-12-2022 at 09:19 AM.
    "While you're worried about bad apples
    We're wary of the roots
    Because no healthy tree
    Naturally bears strange fruit"


    -Jessica Foster, June 2020

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    Quote Originally Posted by Jim Eagle View Post
    Let's Go Brandon!
    Too much of a fucking pussy to say "Fuck Joe Biden", apparently.

    Wimp.
    "While you're worried about bad apples
    We're wary of the roots
    Because no healthy tree
    Naturally bears strange fruit"


    -Jessica Foster, June 2020

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    13 months ago, Trump and his fan boys guaranteed me that if Biden were allowed to be inaugurated, he would cause a massive economic depression.

    Complaining about the price of peanut butter just isn't even in the same ballpark.

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    Quote Originally Posted by LV426 View Post
    Too much of a fucking pussy to say "Fuck Joe Biden", apparently.

    Wimp.
    ^keyboard warrior

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    Quote Originally Posted by Jim Eagle View Post
    ^keyboard warrior
    Speaking of keyboard warriors, you spent Nov 2020-Dec 2020 spreading lies about the 2020 election on JPP, but then on 1/6, you were nowhere to be found in DC.

    Why is that? How come you spent two months pumping up the coup, but didn't join your Nazi pals when they attempted it?

    You just sit from behind your keyboard and get stupid people to do the work you're too chickenshit to do yourself.

    Poser.

    Too chickenshit to say "fuck Joe Biden".

    Fuck Jim Eagle.

    See, I don't need code words like some pussified wimp.
    "While you're worried about bad apples
    We're wary of the roots
    Because no healthy tree
    Naturally bears strange fruit"


    -Jessica Foster, June 2020

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