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

[Anonymous]

Due to ongoing workforce shortages our country continues to face, American farmers continue to utilize the H-2A guest worker visa program,”
this big lie is told over and over and its NEVER challenged...

THERE IS NO SUCH THING AS A LABOR SHORTAGE IN FREE MARKET CAPITALISM!!!!

the market determines the wage in capitalism...

if the jobs cant be filled it means the employer isnt offering high enough wages...
the idea that government can be lobbied to regulate wages through immigration policy is an example of oligarchy- not free market capitalism...
the idea that anyone has a right to cheap salads, landscaping, domestic services, etc is racist, classist, and as unamerican as the phrase "jobs americans wont do..."

when labor becomes excessively expensive capitol responds with better technology...for example the whole reason the plum tomato was genetically engineered was so it could be harvested by machine rather then hand...

[Anonymous]

jsteele wrote:

Anonymous wrote:Last day of December tomorrow - we'll get inflation numbers in 10 days. Any bets?

Gas prices have gone down so inflation will likely be lower.

Great to have a real expert here an economist. Oh wait it’s just the site admin who removes posts he doesn’t like and pushes the Democrat agenda.

[Anonymous]

Anonymous wrote:

jsteele wrote:

Anonymous wrote:Last day of December tomorrow - we'll get inflation numbers in 10 days. Any bets?

Gas prices have gone down so inflation will likely be lower.

Great to have a real expert here an economist. Oh wait it’s just the site admin who removes posts he doesn’t like and pushes the Democrat agenda.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

This has been my family’s most successful year financially by far. I got a new job with a big raise, my wife got a promotion, our retirement and bank accounts are way up, our daughter started grad school after being furloughed in 2020, one brother bought a bigger house, my mom sold her house and downsized with a nice profit, four nieces are doing well in college. So a little temporary inflation is not a problem.

Anyone invested in the market did great. The state of Virginia is running a huge surplus. Life is pretty good here in NOVA. Roads are being fixed. Bonuses being given in public service. There's not much to complain about here even with some inflation. Of course Omicron or whatever variant comes could change that.

Are you a Republican?

Because this is what Republicans used to be accused of in the past - as long as everything was hunky dory for them, who cared about the plights of other people.

I've long observed that the Republican and Democratic party are switching places and it sure does seem like it. The growing indifference of the Democrats to the everyday plights of ordinary people is getting worse, their obsession with grand schemes and fix-it-all policies (which of course never fix anything but promise to make things worse) at the expense of paying attention to the nuts and bots of everyday reality aka prices and rents and inflation and wages is something that really concerns me, especially as a greater share of Democrat leadership and voters live in affluent bubbles with no real clue as to what it's like to live paycheck to paycheck with inflation and economic worries. The Republicans, for all their many, many, many flaws, are capitalizing on these fears for a good reason - because these fears do exist and are real problems.

Great post. People who list their fabulous life while millions of others struggle are absolutely out of touch garbage.

[Anonymous]

The reality of your doom and gloom: Unemployment down to 4.2% and new unemployment claims at the lowest they have been since 1968. Stock market booming. Average American household savings up. A booming Black Friday. Consumer confidence way up. Consumer demand way up.

That's not "affluent bubbles" - that's the whole country doing better than it was this time last year. Stop peddling nonsense and false fearmongering. People who refuse to acknowledge all of those key metrics of economic recovery are lying garbage and are out of touch with reality.

[Anonymous]

The reality of your doom and gloom: Unemployment down to 4.2% and new unemployment claims at the lowest they have been since 1968. Stock market booming. Average American household savings up. A booming Black Friday. Consumer confidence way up. Consumer demand way up.

That's not "affluent bubbles" - that's the whole country doing better than it was this time last year. Stop peddling nonsense and false fearmongering. People who refuse to acknowledge all of those key metrics of economic recovery are lying garbage and are out of touch with reality.

So true. I am getting bonuses and wage increases that I never expected.

[Anonymous]

^ Plus there are plenty of jobs available out there. You see the signs of it all the time.

[Anonymous]

Anonymous wrote:

The reality of your doom and gloom: Unemployment down to 4.2% and new unemployment claims at the lowest they have been since 1968. Stock market booming. Average American household savings up. A booming Black Friday. Consumer confidence way up. Consumer demand way up.

That's not "affluent bubbles" - that's the whole country doing better than it was this time last year. Stop peddling nonsense and false fearmongering. People who refuse to acknowledge all of those key metrics of economic recovery are lying garbage and are out of touch with reality.

So true. I am getting bonuses and wage increases that I never expected.

Exactly so why do we need a inflation-rising social welfare bill again? And an additional 87,000 IRS agents going after everyday Americans?

[Anonymous]

Thank you to the Biden family friend who clued him in. I’m surprised his adult grandchildren didn’t say something before this.

“I was sitting in my kitchen yesterday and here’s a sunroom off the kitchen and my wife was there with her sister and a good friend named Mary Ann,” Biden recounted during an event focused on ways to reduce meat prices. “And she was saying, ‘Do you realize it’s over $5 for a pound of hamburger meat? $5?'”

[Anonymous]

Anonymous wrote:Thank you to the Biden family friend who clued him in. I’m surprised his adult grandchildren didn’t say something before this.

“I was sitting in my kitchen yesterday and here’s a sunroom off the kitchen and my wife was there with her sister and a good friend named Mary Ann,” Biden recounted during an event focused on ways to reduce meat prices. “And she was saying, ‘Do you realize it’s over $5 for a pound of hamburger meat? $5?'”

*shrug* I got a bunch of very nice organic grass fed ground angus for $4.49 a pound just a couple of days ago. If you want cheaper ground beef that's available too. Maybe learn how to shop and find the deals.

Now ask Donald Trump how much a pound of hamburger meat costs. Or how much a gallon of gas costs. He hasn't done his own shopping or pumped his own gas since... ever.

[Anonymous]

Anonymous wrote:Due to ongoing workforce shortages our country continues to face, American farmers continue to utilize the H-2A guest worker visa program,”
this big lie is told over and over and its NEVER challenged...

THERE IS NO SUCH THING AS A LABOR SHORTAGE IN FREE MARKET CAPITALISM!!!!

the market determines the wage in capitalism...

if the jobs cant be filled it means the employer isnt offering high enough wages...
the idea that government can be lobbied to regulate wages through immigration policy is an example of oligarchy- not free market capitalism...
the idea that anyone has a right to cheap salads, landscaping, domestic services, etc is racist, classist, and as unamerican as the phrase "jobs americans wont do..."

when labor becomes excessively expensive capitol responds with better technology...for example the whole reason the plum tomato was genetically engineered was so it could be harvested by machine rather then hand...

Wait, if we have to pay more for farm workers, then our bacon is going to be more expensive. That would mean more inflation. I thought we didn't want inflation and it was bad and everyone was complaining about it right now?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

This has been my family’s most successful year financially by far. I got a new job with a big raise, my wife got a promotion, our retirement and bank accounts are way up, our daughter started grad school after being furloughed in 2020, one brother bought a bigger house, my mom sold her house and downsized with a nice profit, four nieces are doing well in college. So a little temporary inflation is not a problem.

Anyone invested in the market did great. The state of Virginia is running a huge surplus. Life is pretty good here in NOVA. Roads are being fixed. Bonuses being given in public service. There's not much to complain about here even with some inflation. Of course Omicron or whatever variant comes could change that.

Are you a Republican?

Because this is what Republicans used to be accused of in the past - as long as everything was hunky dory for them, who cared about the plights of other people.

I've long observed that the Republican and Democratic party are switching places and it sure does seem like it. The growing indifference of the Democrats to the everyday plights of ordinary people is getting worse, their obsession with grand schemes and fix-it-all policies (which of course never fix anything but promise to make things worse) at the expense of paying attention to the nuts and bots of everyday reality aka prices and rents and inflation and wages is something that really concerns me, especially as a greater share of Democrat leadership and voters live in affluent bubbles with no real clue as to what it's like to live paycheck to paycheck with inflation and economic worries. The Republicans, for all their many, many, many flaws, are capitalizing on these fears for a good reason - because these fears do exist and are real problems.

Great post. People who list their fabulous life while millions of others struggle are absolutely out of touch garbage.

So you are talking about the rich Republicans, right. who capitalize on the fears to line their re-election coffers and then do ABSOLUTELY NOTHING to help the have-nots while they are in office. Rather, all their policies benefits the rich.

Good Lord, anyone who thinks Republicans care about the common man or have done anything for the common man has lost their dang mind.

[Anonymous]

I’ll happily pay $50/lb for ground beef if it means never having republicans in charge again. But since I don’t eat animals, it’s sort of a hollow boast.

But I’d live with 30% inflation if it meant the same thing. I’ll just earn more money and cancel it out.

[Anonymous]

Anonymous wrote:I’ll happily pay $50/lb for ground beef if it means never having republicans in charge again. But since I don’t eat animals, it’s sort of a hollow boast.

But I’d live with 30% inflation if it meant the same thing. I’ll just earn more money and cancel it out.

If we hit 30% inflation not only will homes be devalued overnight but money would be worthless. How good are you at physical labor? Now THAT would be valuable.

[Anonymous]

Anonymous wrote:Due to ongoing workforce shortages our country continues to face, American farmers continue to utilize the H-2A guest worker visa program,”
this big lie is told over and over and its NEVER challenged...

THERE IS NO SUCH THING AS A LABOR SHORTAGE IN FREE MARKET CAPITALISM!!!!

the market determines the wage in capitalism...

if the jobs cant be filled it means the employer isnt offering high enough wages...
the idea that government can be lobbied to regulate wages through immigration policy is an example of oligarchy- not free market capitalism...
the idea that anyone has a right to cheap salads, landscaping, domestic services, etc is racist, classist, and as unamerican as the phrase "jobs americans wont do..."

when labor becomes excessively expensive capitol responds with better technology...for example the whole reason the plum tomato was genetically engineered was so it could be harvested by machine rather then hand...

You are against immigration in a country of immigrants because it’s racist and classist? My parents immigrated here to a nice working class life, I’m doing much better, that is the immigrant dream and how America was built. It’s racist to not let people in and it’s racist to let them in…some solid logic.