Inflation is off the chain

[Anonymous]

biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

[Anonymous]

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

[Anonymous]

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

+1

[Anonymous]

Anonymous wrote:Anyone starting to notice they really feel it now? I can't believe the restaurant we just went to tonight charged $14 for 8 chicken wings. FOURTEEN DOLLARS! I mean, I remember when when 0.10 wing nights were common. Now they're sneakily hiding inflation everywhere. Portions are smaller. Happy hours with actual good deals are disappearing. Taco Tuesdays and burger nights where you could get a decent burger for $5 are non-existent. Two friggin sandwiches and two beers are now running us almost $60. This is absolutely getting out of control. That's not even mentioning the sticker shock I'm now seeing at the grocery store. Why do I feel like this is a big problem startng to snowball? I don't ever remember inflation being this bad. It may not be affordable to even go out to eat anywhere at this rate. Hell, last week we also spent almost $35 just for two fountain drinks and two bowls at Chipotle. This doesn't feel transient at all, no matter what the Fed tries to claim. We are getting crushed right now.

Yeah, our eating out expenses are through the roof. Groceries too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

biden's advisers should have known that the supply chain was weak and that he shouldn't have released so much money into the economy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

biden's advisers should have known that the supply chain was weak and that he shouldn't have released so much money into the economy.

The stimulus plans started under the Trump Administration, and the prices of certain items (housing!) started going up during the Trump Administration. You can’t stop people from demanding goods. Maybe you should be blaming companies for adopting a “just in time” model, which meant that they didn’t have any surplus goods.

Or are you saying that alleviating childhood hunger through the advanced tax credit is making your grocery bill a little higher? It so, you might want to quiet down because it’s a really bad look.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

biden's advisers should have known that the supply chain was weak and that he shouldn't have released so much money into the economy.

Great - how about we start by rescinding those child tax credits going into your bank account?

[Anonymous]

You know what is pumping free money? 529s, IRAs, 401Ks. Get rid of those. Not stimulus checks or the earned income tax credit.

[Anonymous]

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

This is on Trump and his supporters period.

He failed. Now Biden has to clean up the mess. This is nothing new.

Blame the right person. FACT it's Trump's fault. He will destroy us by the time he is done.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

biden's advisers should have known that the supply chain was weak and that he shouldn't have released so much money into the economy.

Great - how about we start by rescinding those child tax credits going into your bank account?

this is Trump's fault. Retake Econ 101 then come back.

[Anonymous]

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

This is on Trump and his supporters period.

He failed. Now Biden has to clean up the mess. This is nothing new.

Blame the right person. FACT it's Trump's fault. He will destroy us by the time he is done.

Which countries did better than America at covid response? The island of New Zealand? The fury over Trump’s is really weird.

[Anonymous]

Anonymous wrote:Econ 101 people

Suppy and Demand

Pandemic work from home. Summer vaca drive.

Ugh how stupid are people?

so on the gas I agree - it goes up every summer somewhat

on food, it's not a supply and demand issue. Nor is it true in general regarding consumer goods.

Corporations are fearing that they will lose out somehow with Biden and whether this is true or not doesn't matter, it's a prediction based on modeling based on what information they have and what they believe they have of future events. They course correct now not when then situation arises. Same thing happened with Trump and companies started spending more, hiring and giving bonuses. Trump had done nothing but make campaign speeches and throw out promises but actually had not taken any action at all, yet the corporations predicted and modeled based on those assumptions. The only good thing about Trump is that corporate America loved him and their response and love was shown in their spending.

[Anonymous]

You know what is pumping free money? 529s, IRAs, 401Ks. Get rid of those. Not stimulus checks or the earned income tax credit.

So how are people supposed to save for retirement?

[Anonymous]

You know what is pumping free money? 529s, IRAs, 401Ks. Get rid of those. Not stimulus checks or the earned income tax credit.

Obama floated the idea of getting rid of 529s. He rescinded it less than 24 hours later. Wasn't a good idea.

[Anonymous]

Anonymous wrote:

You know what is pumping free money? 529s, IRAs, 401Ks. Get rid of those. Not stimulus checks or the earned income tax credit.

So how are people supposed to save for retirement?

Savings accounts.