The Biden Economy

[whell]

Inflation increased 0.4% in September, more than expected despite rate hikes

https://www.cnbc.com/2022/10/13/cons...ber-2022-.html

So much for the so-called "Inflation Reduction Act". Now we get to watch as the Fed induces a recession to cure inflation.

What a circus.

[finnbow]

Originally Posted by whell

Inflation increased 0.4% in September, more than expected despite rate hikes

https://www.cnbc.com/2022/10/13/cons...ber-2022-.html

So much for the so-called "Inflation Reduction Act". Now we get to watch as the Fed induces a recession to cure inflation.

What a circus.

It's as if you believe that inflation in the US is attributable solely to Biden's actions, notwithstanding the fact that current inflation is a global phenomena due to labor sourcing, supply-chain issues and the Ukraine War. Consider for a moment that inflation in the UK is higher than it is here and the UK has had a conservative government for the past 12 years. Moreover, the inflation rate in Orban's Hungary, the professed model for GOP governance and ideology, is currently over 20%, despite Hungary still getting most of its natural gas and oil (80% and 65% respectively) relatively cheaply from Russia despite the EU ban.

https://www.forbes.com/advisor/perso...on-by-country/

[whell]

Originally Posted by finnbow

It's as if you believe that inflation in the US is attributable solely to Biden's actions....

Stop. Just stop with the straw man crap. I've posted a few times about the causes of inflation, starting with the Trump admin throwing billions out the door during COVID. I didn't get past the first part of the first sentence of your post, because everything that follows is your usual spun-up crap.

I'm here if you ever want to have an intelligent discussion.

[finnbow]

Originally Posted by whell

I'm here if you ever want to have an intelligent discussion.

LOL.

[RickeyM]

Originally Posted by finnbow

LOL.

It's as if he thinks the Inflation Reduction Act was supposed to work overnight. Despite what Reich-Wing media says, calling it a failure, it will take longer than the attention span of the average tRumper.

[whell]

Originally Posted by finnbow

LOL.

Yeah, I laugh at that thought as well but continue to have high hopes for you.

[donquixote99]

An inflation-causing factor you do not mention is the addiction of companies to much higher than normal profits. Those that enjoy the market power to increase their prices faster than costs have been increasing have gotten used to doing so. They have been getting by with this because of the high savings rate in the populace during the pandemic period. Those consumers who can have been using these savings to satisfy their pent up demand, despite the increase in prices.

[whell]

Originally Posted by donquixote99

An inflation-causing factor you do not mention is the addiction of companies to much higher than normal profits. Those that enjoy the market power to increase their prices faster than costs have been increasing have gotten used to doing so. They have been getting by with this because of the high savings rate in the populace during the pandemic period. Those consumers who can have been using these savings to satisfy their pent up demand, despite the increase in prices.

Since the primary drivers of inflation in this current cycle are primarily by housing, food, and medical care, who exactly would this price-heavy, greedy corporations be?

And if profits are so high in the, for example, food industry, why is it not reflected in the stock price? Overall, players in the food industry have had flat to slightly falling stock prices.

[Chicks]

Rep. Jim Jordan's Rant About 'Real America' Backfires Spectacularly
https://news.yahoo.com/rep-jim-jorda...083634327.html

This buffoon reminds me SO MUCH of Whell.

[whell]

Originally Posted by Chicks

Rep. Jim Jordan's Rant About 'Real America' Backfires Spectacularly
https://news.yahoo.com/rep-jim-jorda...083634327.html

This buffoon reminds me SO MUCH of Whell.

Its really not news when HuffPo finds and tries to make a news story out of some tweets that are not favorable to a Republican. For HuffPo, its just another day of trying to rouse the Dem base. I can see in your case that it succeeded.