U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years

[Anonymous]

I’m ok with a handful of people getting money they don’t need, if it means thousands of children ,that need money for food, are fed.

[Anonymous]

Anonymous wrote:I’m ok with a handful of people getting money they don’t need, if it means thousands of children ,that need money for food, are fed.

Try millions of families, including billionaires who don't take salaries, undocumented immigrants, the perennially unemployed (both parents able-bodied adults), every couple or single parent making up $400k a year.

This was a stupid policy.

[Anonymous]

Fed dropping 3 interest rate hikes w/ bigger than expected tapering moves. Hopefully the FED gets it right or there will be a recession .

Jen really needs to stop promulgating the story that this is 'transitory'. That fairy tale story is over.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

+1

All of it with no means testing. I don't know WHY the progressives are so against limits - all 330 million Americans didn't need $1,200 checks and every parent in existence also didn't need $300/month per kid - to the point they were insisting (and still are) undocumented immigrants get the child tax credits and stimulus payments as well. Well that blew up in their faces. Biden should have known better.

I found out recently that in Baltimore City, the city used the COVID emergency funds received from the feds to give every school kid in the public schools a 1500 food stamp voucher, regardless of family income. I knew people with HHI over 400k who still got the food stamp voucher, including one family with three kids who netted 4500 altogether despite a high six figure income.

It was ridiculous.

Wow. To be clear is the voucher - only to be used like a EBT card or was it redeemable for cash?

Like a EBT card. Only for food. But you could buy lobster with it if you were inclined. I'm not implying the people I knew were breaking out the champagne bottles but no one turned them down and it underscores the point that plenty of stimulus money was wasted on people who didn't need it.

[Anonymous]

Anonymous wrote:Fed dropping 3 interest rate hikes w/ bigger than expected tapering moves. Hopefully the FED gets it right or there will be a recession .

Jen really needs to stop promulgating the story that this is 'transitory'. That fairy tale story is over.

That is the big problem with the Biden administration. They're just not honest in the face of overwhelming evidence. And when pressed into a corner they make waspish comments about having to miss out on a treadmill (WTF?). No one likes or believes this kind of contemptuous spin. And it's a Marie Antoinette let them eat cake attitude that turns off so many people.

We're a long way from Bill Clinton's "I feel your pain" that at least showed an acknowledgement of economic problems.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fed dropping 3 interest rate hikes w/ bigger than expected tapering moves. Hopefully the FED gets it right or there will be a recession .

Jen really needs to stop promulgating the story that this is 'transitory'. That fairy tale story is over.

That is the big problem with the Biden administration. They're just not honest in the face of overwhelming evidence. And when pressed into a corner they make waspish comments about having to miss out on a treadmill (WTF?). No one likes or believes this kind of contemptuous spin. And it's a Marie Antoinette let them eat cake attitude that turns off so many people.

We're a long way from Bill Clinton's "I feel your pain" that at least showed an acknowledgement of economic problems.

Definitely. I voted for Biden and think Psaki is the most skillful Press Secretary I've ever seen - nevertheless his team really comes off as smug and more insulated than even the Obama administration and that's saying something. I watch them and it feels like they live in a platinum (not ivory) tower away from the rest of the country and don't understand the every day ramifications of their polices EVEN IF the policies have good intentions or will be excellent in the long run.

No one wants to suffer under 'transitory' inflation for 3 years knowing that in 10 years the polices will pay off. F that. Give me normalcy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

Inflation is outpacing any wage gains. I'm not sure why some people have difficulty grasping this. IT's been said over and over again. Inflation is now outpacing wage gains.

The class most badly affected by inflation are the working classes. Rents go up, food costs go up, but salaries can't keep up.

Thank you.

[Anonymous]

Supply and Demand

Supply chain issues have impacted costs and wait time and on Jan inventory therefore increasing prices

Demand. Biden candy store give away, increase in minimum wage levels, more people starting to get out of the Covid hibernation, and printing of more and more money (cheapening if the dollar) have all enabled increased demand (I.e. increased the supply of the dollar).

You get what you get.

[Anonymous]

Correcting the auto-correct. “on hand inventory” not “on Jan inventory”.

[Anonymous]

When do we get numbers for December 2021? Judging by the consumer prices I'm seeing, who wants to bet its 7.5%?

[Anonymous]

Well yeah, we've been waiting for some action since August/September.

[Anonymous]

Oh what's this? The liberal wing of the party FINALLY admitting that the inflation exists? Wowzers. Of course, its only when they don't get what they want. Wait til they see December 2021's numbers.

[Anonymous]

I'm seeing a lot of liberals/parents whining about losing their child tax credits and screaming democracy will be OVER in January 2022 because inflation is high.

From the portion of the population which has been screaming about inflation rising since August 2021:

[Anonymous]

According to a UPenn study just released, the average household experienced an increase of $3,500 In daily expenses in 2021. The inflation is real and most people can't afford it.

https://budgetmodel.wharton.upenn.edu/issues/2021/12/15/consumption-under-inflation-costs

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fed dropping 3 interest rate hikes w/ bigger than expected tapering moves. Hopefully the FED gets it right or there will be a recession .

Jen really needs to stop promulgating the story that this is 'transitory'. That fairy tale story is over.

That is the big problem with the Biden administration. They're just not honest in the face of overwhelming evidence. And when pressed into a corner they make waspish comments about having to miss out on a treadmill (WTF?). No one likes or believes this kind of contemptuous spin. And it's a Marie Antoinette let them eat cake attitude that turns off so many people.

We're a long way from Bill Clinton's "I feel your pain" that at least showed an acknowledgement of economic problems.

Definitely. I voted for Biden and think Psaki is the most skillful Press Secretary I've ever seen - nevertheless his team really comes off as smug and more insulated than even the Obama administration and that's saying something. I watch them and it feels like they live in a platinum (not ivory) tower away from the rest of the country and don't understand the every day ramifications of their polices EVEN IF the policies have good intentions or will be excellent in the long run.

No one wants to suffer under 'transitory' inflation for 3 years knowing that in 10 years the polices will pay off. F that. Give me normalcy.

But that’s not fair. She openly and clearly identified the cause of inflation during the Wednesday presser:

- current inflation is caused by the meat conglomerate.

Case closed : - )