Highest inflation surge in 40 years, now 7.5 percent. God bless president biden.

[Capt Ron 1]

Yeah baby! Spending in Jan 22 vs Jan 21 is UP!

Across the board! That means the economy is smoking!!!!

Gee....anyone remember what was happening in Jan 21? Was it anything historic?

Nah! Let's just memory hole 2020 and early 2021! And LET'S GO BRANDON!!!!!!

These are the BS things they do and then go pat themselves on the back thinking that they are smarter than everyone else....while we just sit back and laugh at them. Imagine listening to Brandon TRY to make complete sentences, and realizing YOU voted for this dunce. What does that make you? A dunce!

 

[BCSpell]

Heard on the radio last night that the 7.5% is not even a true accurate number. The way to calculate has recently been changed. The true inflation rate is closer to 8.3%.

 

[BSC911]

Spoken like a true lib communist...always think they are smarter than everyone else..yet in reality, the EXACT opposite is always true

You mean people that make comments based on facts rather than their gut?

Guilty as charged.

 

[BSC911]

Don't waste your time. He's the know it all, expert on EVERYTHING type. There is nothing that he doesn't know. The worse person to have a conversation with.

Ghost is only an expert at trolling. He doesn’t even believe the nonsense he posts, which is why most have learned just to ignore him.

 

[BCSpell]

WOW what a great economy. Wages up BUT spending power down.

Red-hot inflation gave most Americans a pay cut in January

The tightest labor market in years is fueling rapid wage gains for most workers – the only problem is that red-hot inflation is quickly eroding those increases.

www.foxbusiness.com

 

[grandhavendiddy]

Ever heard of Larry Summers? Get acquainted. He predicted this a year ago. I'll take his analysis long before I take yours.

Precisely - he is a moderate Democrat. He predicted, in the Washington Post, that the New Monetarist theorems (e.g. spending and deficits do not matter, we will never see inflation again) were dead wrong.

Larry, in turn, was dead right.

Biden (his team) was wrong on the initial spending and in their interim comments that said that "inflation was temporary". Dead wrong.

This is of course exacerbated by global and US based constraints on Supply Chain. Trudeau's Trucker problem is the perfect example where capacity is shut down over trying to move the population from 90 percent vaccinated to 92-93 percent.

Because Biden let Fauci and the CDC drive public health and in turn OSHA policy on mandates which drove or signaled state and private level mandates, more people are out of the workforce which constrains supply which drives up prices.

Put both together, exponential demand growth and supply constraint and you have the very predictable (by Larry Summers) surprise: record inflation.

 

[DCandtheUTBand]

Gas at 3.22 was 1.67 here Nov 3 2020. Eggs @ .88 2020 now $1.61. Milk in the 2.88 range now 3.08.

7% my @ss.

Never mind our household income increased 3% so even if 7% was true wages are NOT keeping up and families are losing purchasing power.

Nope this economy sucks and we crossed the 30T debt barrier while GDP is 23T. Money wasted. The only reason we have not imploded like Greece is that the USD is the world reserve currency.

Want to fix economy. Open all the oil taps here. Close the border. End all COVID mandates and ban passports.

In other words reset to November 2019 and Trumps policies.

 

[CFAGator]

Gas at 3.22 was 1.67 here Nov 3 2020. Eggs @ .88 2020 now $1.61. Milk in the 2.88 range now 3.08.

7% my @ss.

Lot more in CPI besides gas and food. Other things have grown less like medicine (+1.4%), apparel (+5.3%), and the biggest factor is services only +4.1% over the last year, which is typically 2/3 of average consumer's total spending.

 

[kalimgoodman]

Ghost is only an expert at trolling. He doesn’t even believe the nonsense he posts, which is why most have learned just to ignore him.

Oh I got him on ignore but too many people waste their time replying to him. Just know that every topic and subject, he will know more then you (in his mind).

 

[grandhavendiddy]

Gas at 3.22 was 1.67 here Nov 3 2020. Eggs @ .88 2020 now $1.61. Milk in the 2.88 range now 3.08.

7% my @ss.

Never mind our household income increased 3% so even if 7% was true wages are NOT keeping up and families are losing purchasing power.

Nope this economy sucks and we crossed the 30T debt barrier while GDP is 23T. Money wasted. The only reason we have not imploded like Greece is that the USD is the world reserve currency.

Want to fix economy. Open all the oil taps here. Close the border. End all COVID mandates and ban passports.

In other words reset to November 2019 and Trumps policies.

Economy is general is strong. I am a global consulting Partner and business spending is robust.

Inflation though really impacts the people whom the Democrats USED to be about. They are now focused on elite priorities, illegals, authoritarian health measures and identify politics. As Elon Musk said, they are "takers" and Republicans are "makers".

The amount of money the Democrats wasted as they "wanted to go big" so that they would try to avoid what they thought were the mistakes of the Obama administration, is profound. Now, Trump wanted to spend the money too (remember: $2,000 checks) , and was dead wrong, economically, for doing it.

Close the borders. Reduce crime. Lift Covid mandates. And augment the growth of the green sector (so we don't have to worry about Russia, Canada, Saudi Arabia, etc.) while maintaining our non-coal fossil fuel sector.

Be diverse and inclusive for those individuals who ARE ALREADY CITIZENS. If your sexual preferences happen to be gay, but you are a good person, productive, respectful, etc. I do not care - at all and wish you all the happiness and success in the world.

This is not hard. 2022 is when the ship starts to get corrected.

 

[grandhavendiddy]

Oh I got him on ignore but too many people waste their time replying to him. Just know that every topic and subject, he will know more then you (in his mind).

My issue with Ghost, is that even if you agree with him on 90-95% of topics, if you disagree on one, he goes off on an unnecessary, broad ad-hominem spree.

You and I, on the other hand, may only agree on 40-50% of topics, but you are always, in my individual experience, respectful and civil.

 

[grandhavendiddy]

Lot more in CPI besides gas and food. Other things have grown less like medicine (+1.4%), apparel (+5.3%), and the biggest factor is services only +4.1% over the last year, which is typically 2/3 of average consumer's total spending.

That is true and good points. What has happened is that through mandates (mask and vaccine), shutdowns, etc. people have shifted their spending away from services and over-indexed on goods.

I personally spend little on restaurants (waste of money, IMO) but many do.

Overall, inflation is a major issue and roll back of mandates will do a lot to open up supply.

 

[GhostOfMatchesMalone]

Gas at 3.22 was 1.67 here Nov 3 2020. Eggs @ .88 2020 now $1.61. Milk in the 2.88 range now 3.08.

7% my @ss.

Never mind our household income increased 3% so even if 7% was true wages are NOT keeping up and families are losing purchasing power.

Seems to happen every time a dem takes office, doesn't it?

Prices of the items that the poorest need to survive, especially food and gas, immediately skyrocket.

It started happening as soon as Hiden took office, as you said.

A tax on the poor. So what will the poor be forced to do? Look for GOVERNMENT ASSISTANCE to help them survive.

That does two important things for the dems:

1 - It makes the poorest more dependent on the government, and less able to provide for themselves.

2 - Dems believe it will make them more likely to vote dem as long as they receive government assistance.


It's all a game. So sad that so many sheep fall for it.

 

[GhostOfMatchesMalone]

Oh I got him on ignore

You just proved you don't when you knew who @CFAGator was replying to. A few weeks ago you posted TO me saying that you wanted me to stop tagging you in posts.

Any moron knows if you have someone on Ignore, you can't tell when you are tagged. That's why I always tag you, @kalimgoodman. Cause I know you can see it.

Just put me on Ignore and be done with it. This really isn't worth lying about, is it?

 

[fatman76]

 

[GhostOfMatchesMalone]

Heard on the radio last night that the 7.5% is not even a true accurate number. The way to calculate has recently been changed. The true inflation rate is closer to 8.3%.

Don't tell that to our slowest, they will claim this means the economy is 'growing' even faster LOL

Hiden makes history as the first president* ever to oversee a roaring economy and 30% approval rating at the same time. @CFAGator can't explain this.

 

[BCSpell]

Don't tell that to our slowest, they will claim this means the economy is 'growing' even faster LOL

Hiden makes history as the first president* ever to oversee a roaring economy and 30% approval rating at the same time. @CFAGator can't explain this.

When was the last time, if ever, did we see the MSM start turning on a Dem President???

 

[BamaFan1137]

View embedded media

Freaking wow

 

[grandhavendiddy]

I go to Home Depot and it is priced like Tiffany's. Crazy.

 

[Uniformed_ReRe]

My issue with Ghost, is that even if you agree with him on 90-95% of topics, if you disagree on one, he goes off on an unnecessary, broad ad-hominem spree.

You and I, on the other hand, may only agree on 40-50% of topics, but you are always, in my individual experience, respectful and civil.

Most people debate to try to convince you to agree or at least understand their point-of-view.

Ghost debates to convince others that you are evil and uses 17th Century Grand Inquisitor rhetoric to pit people against each other.

He is

 

[GhostOfMatchesMalone]

Ghost debates to convince others that you are evil

To be fair, I only do that to the people who are evil. They deserve to have what they are called out and put on display for all to see.

For instance, if someone votes for a racist, then calls someone else racist for NOT voting for the racist, I think that's evil.

If someone cheerleads for a source or person even though they know that person or group is acting in a way that puts others at risk, I think that's evil.

I think being a hardcore democrat requires you to become a shit person blindly defending shit people.

I think that's a form of evil. Be a better person if you don't want to be called out.

 

[GhostOfMatchesMalone]

When was the last time, if ever, did we see the MSM start turning on a Dem President???

When it suits the party. Former NY governor cuomo stuffed covid patients into nursing homes like sardines and the media said nothing.

Then a few polls come out that say more people would vote for Cuomo in 2024 than they would Hiden, and suddenly there are all these complaints of sexual harrassment coming out about Cuomo and SUDDENLY the media acts like this is the most pressing news story in the world.

When the media moves against a dem, it's cause they have been told to do so.

 

[kalimgoodman]

My issue with Ghost, is that even if you agree with him on 90-95% of topics, if you disagree on one, he goes off on an unnecessary, broad ad-hominem spree.

You and I, on the other hand, may only agree on 40-50% of topics, but you are always, in my individual experience, respectful and civil.

That's because we are respectful and civil. It's pretty simple. Lol.

 

[kalimgoodman]

Most people debate to try to convince you to agree or at least understand their point-of-view.

Ghost debates to convince others that you are evil and uses 17th Century Grand Inquisitor rhetoric to pit people against each other.

He is

Very good analysis. I debate for people to see a different view point whether I'm right or wrong. He definitely debates to call people out and be mean.

 

[GhostOfMatchesMalone]

My issue with Ghost, is that even if you agree with him on 90-95% of topics, if you disagree on one, he goes off on an unnecessary, broad ad-hominem spree.

You and I, on the other hand, may only agree on 40-50% of topics, but you are always, in my individual experience, respectful and civil.

But that only happens if you ignore when he is lying and purposely trolling.

And some posters here can do that. Not my style. If I catch someone lying, they lose the right to get respectful consideration from me, and I assume everything they say from that point is a lie.

 

[BSC911]

But that only happens if you ignore when he is lying and purposely trolling.

And some posters here can do that. Not my style. If I catch someone lying, they lose the right to get respectful consideration from me, and I assume everything they say from that point is a lie.

Hahahahaha. What a load of crap. So glad I saw this post.

First of all nobody cares about your “respectful consideration.” You are just some lame loser troll.

Secondly nobody lies more than you do. Anyone that makes a permaban bet and then backs out has no honor.

Finally, you are just a partisan hack that only cares about pushing your lame agenda, regardless of the facts. You ignore anything else. Whenhave you called out the lies of other Righties, including the guy who pretended to be a Mensa member.?

Nope, you have no honor and nobody cares what you think. I can't wait for your response.

 

[Dr. Curmudgeon]

Gas at 3.22 was 1.67 here Nov 3 2020. Eggs @ .88 2020 now $1.61. Milk in the 2.88 range now 3.08.

7% my @ss.

Never mind our household income increased 3% so even if 7% was true wages are NOT keeping up and families are losing purchasing power.

Nope this economy sucks and we crossed the 30T debt barrier while GDP is 23T. Money wasted. The only reason we have not imploded like Greece is that the USD is the world reserve currency.

Want to fix economy. Open all the oil taps here. Close the border. End all COVID mandates and ban passports.

In other words reset to November 2019 and Trumps policies.

All I hear from dementia Joe is how the jobs will increase to produce cleaner energy but not replace the jobs lost mining coal and natural gas. We are going to increase electricity usage without paying more for it? Funny math there.

 

[BSC911]

Gas at 3.22 was 1.67 here Nov 3 2020. Eggs @ .88 2020 now $1.61. Milk in the 2.88 range now 3.08.

7% my @ss.

Never mind our household income increased 3% so even if 7% was true wages are NOT keeping up and families are losing purchasing power.

Nope this economy sucks and we crossed the 30T debt barrier while GDP is 23T. Money wasted. The only reason we have not imploded like Greece is that the USD is the world reserve currency.

Want to fix economy. Open all the oil taps here. Close the border. End all COVID mandates and ban passports.

In other words reset to November 2019 and Trumps policies.

I will try to be respectful because I know you mean well, but you couldn't be more wrong economically.

1 oil isn't something that you can just "turn on the taps." It's not a faucet waiting to be opened and the government doesn't control our energy supply. The oil companies do, at least in the US.

2. Closing the border would be disastrous for our economy. It's been tried before and doesn't work. It would drive prices up even higher.

3. While I am strongly against vaccine mandates and/or passports, that's just a strawman. Where are they and how are they impacting the economy?

 

[jfegaly]

I agree the Fed definitely screwed up and should have started raising rates last year, or at least began cutting back their bond purchases much earlier, but they felt supply chain issues would repair themselves throughout 2021. But then delta hit and caused supply problems all over again through the middle of 2021, and then omicron wave caused more problems in late 2021.

So they felt inflation would ease by itself, which was wrong, so they concentrated more on their other mandate for full employment, so they wanted to stay at zero until it was still not back to pre-pandemic levels.

Now they realize supply chains will take longer than expected to repair, especially with some of Covid waves currently hitting Asia, so they can only try to affect the other side of the equation by slowing down demand by raising rates.

I doubt it will have much effect either way, supply chain is the primary problem and higher rates won't help with that.

It's funny reading earnings reports the last few weeks, where every CEO has mentioned not getting pushback from customers from their price hikes, they just keep buying at increasing levels. Which is so weird since according to this board everyone in the country is doing terrible right now.

You mean according to literally ALL the polls out there showing Bidens fantastic approval. Good thing the majority of Americans are much more intelligent than you sir.

 

[jfegaly]

That's because we are respectful and civil. It's pretty simple. Lol.

Nah. There is a historical track record of your posting. Let us never forget, you admitted to being a troll. That is the opposite of respectful.

 

[CFAGator]

You mean according to literally ALL the polls out there showing Bidens fantastic approval. Good thing the majority of Americans are much more intelligent than you sir.

I wasn't on this board back then, but I'm going to guess you had a different opinion about the validity of these polls between 2017-2020.

 

[GhostOfMatchesMalone]

I will try to be respectful because I know you mean well, but you couldn't be more wrong economically.

1 oil isn't something that you can just "turn on the taps." It's not a faucet waiting to be opened and the government doesn't control our energy supply. The oil companies do, at least in the US.

Sure it is. Trump did it that's why gas was half what it is now, and we were energy independent.

In a year under Hiden, prices have doubled and we have lost our energy independence.

This is where dems always put party above country. Instead of blindly defending Hiden, you should be asking why can't Hiden do what Trump did? Because what Trump did worked.

But dems would rather defend their party, than their country.

2. Closing the border would be disastrous for our economy. It's been tried before and doesn't work. It would drive prices up even higher.

How does removing criminals, stopping the drug trade, ending human trafficking and ending government support of illegal aliens cost us money?

Anyone arguing this point is simply viewing illegals as future voters for the dems. Which is exactly why dems want open borders. The damage it does to the country is irrelevant, as long as dems can stay in power.

Again, stop putting your party over what's best for your country. Be an American.

3. While I am strongly against vaccine mandates and/or passports, that's just a strawman. Where are they and how are they impacting the economy?

You mean besides the NATIONAL one that your boy Hiden created? Same one companies NATIONALLY have been firing people based off of?

Yeah, no impact at all. Again, blindly defend the party, damage to the country is irrelevant.

Go to China. You don't belong here.

 

[GhostOfMatchesMalone]

I wasn't on this board back then, but I'm going to guess you had a different opinion about the validity of these polls between 2017-2020.

We said the same thing then that we are saying now: These polls are wildly inaccurate because they wildly oversample dems. That's why we keep saying if the polls say Hiden has 30% approval, it's probably closer to 20%.

Just like in 2020 I said that it would take YEARS for the economy to recover from turning off the economy. Same thing I have told you here, but you think somehow, the economy has not only magically recovered completely from 2020, but has actually GROWN from where it was LOL

Trump supporters are the consistent ones. We don't like hypocrites. You Hiden supporters need to get on our level.

 

[jfegaly]

I wasn't on this board back then, but I'm going to guess you had a different opinion about the validity of these polls between 2017-2020.

Deflection attempt. This is what losing a debate looks like. It’s whataboutism. Classic.

And yet every damn poll always skews favorably towards democrats. This is historically known, yet not even the polls can prop him up enough to cover up how much of a failure he is.

 

[CFAGator]

Deflection attempt. This is what losing a debate looks like. It’s whataboutism. Classic

Not deflection. Just ridiculous to use poll numbers as a measurement of the economy, instead of, you know, the actual economic data.

After Trump's first year I'm guessing you guys were discussing the good 2017 GDP growth instead of his low approval ratings.

 

[GhostOfMatchesMalone]

Not deflection. Just ridiculous to use poll numbers as a measurement of the economy, instead of, you know, the actual economic data.

After Trump's first year I'm guessing you guys were discussing the good 2017 GDP growth instead of his low approval ratings.

More whataboutism. Sure you aren't a dem, mr 'lifelong republican'?

In 2017, we were smart enough to know Trump wasn't really a Russian agent working for Putin. I suspect you believed it then, and likely still do.

As I said above, we didn't think the poll numbers were accurate then, and they arent now. If MSM is saying Hiden has 30% approval, real approval is likely 10 points lower.

Speaking of GDP, what were your comments about Trump posting 34% GDP in 2020? You know, the best figure in the history of the country? Will never be touched?

How much time were you devoting to talking about how amazing that number was? Or did you point out that it was highly inflated by the country reopening?

Because we did the latter here. Because that's what consistent people do. Get on our level.

 

[Dr. Curmudgeon]

I will try to be respectful because I know you mean well, but you couldn't be more wrong economically.

1 oil isn't something that you can just "turn on the taps." It's not a faucet waiting to be opened and the government doesn't control our energy supply. The oil companies do, at least in the US.

2. Closing the border would be disastrous for our economy. It's been tried before and doesn't work. It would drive prices up even higher.

3. While I am strongly against vaccine mandates and/or passports, that's just a strawman. Where are they and how are they impacting the economy?

Closing the Border and vetting these immigrants is exactly what we need to do. Even if you allowed illegal immigration at least get the tax dollars from these criminals, but, at this rate, the US gets nothing but more debt and mouths to feed. It doesn't take a mathematician to know that 20 million people running around not paying squat but drawing out off of taxpaying citizens is dead wrong.

 

[BSC911]

Closing the Border and vetting these immigrants is exactly what we need to do. Even if you allowed illegal immigration at least get the tax dollars from these criminals, but, at this rate, the US gets nothing but more debt and mouths to feed. It doesn't take a mathematician to know that 20 million people running around not paying squat but drawing out off of taxpaying citizens is dead wrong.

Well, that’s different than closing the border to all trade like you suggested. I’m all for a tight border and vetting all immigrants.

But your suggesting that 20 million illegal immigrants are all criminals and contribute nothing is erroneous. But that is what some people want you to believe. In fact, if we deported those 20 million illegals tomorrow our economy would crash.

And why you did you just ignore my points number 1 and 3?

 

[BSC911]

Sure it is. Trump did it that's why gas was half what it is now, and we were energy independent.

In a year under Hiden, prices have doubled and we have lost our energy independence.

This is where dems always put party above country. Instead of blindly defending Hiden, you should be asking why can't Hiden do what Trump did? Because what Trump did worked.

But dems would rather defend their party, than their country.

How does removing criminals, stopping the drug trade, ending human trafficking and ending government support of illegal aliens cost us money?

Anyone arguing this point is simply viewing illegals as future voters for the dems. Which is exactly why dems want open borders. The damage it does to the country is irrelevant, as long as dems can stay in power.

Again, stop putting your party over what's best for your country. Be an American.


You mean besides the NATIONAL one that your boy Hiden created? Same one companies NATIONALLY have been firing people based off of?

Yeah, no impact at all. Again, blindly defend the party, damage to the country is irrelevant.

Go to China. You don't belong here.

Sorry, did welcher say something? I thought you were going to address your bet welching. I have no interest in debating your ignorant takes on anything else.

 

[Dr. Curmudgeon]

Well, that’s different than closing the border to all trade like you suggested. I’m all for a tight border and vetting all immigrants.

But your suggesting that 20 million illegal immigrants are all criminals and continue nothing is erroneous. But that is what some people want you to believe. In fact, if we deported those 20 million illegals tomorrow our economy would crash.

And why you did you just ignore my points number 1 and 3?

No illegals are criminals, Sir. And 20 million is a kind estimate to be sure.