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

[Anonymous]

Anonymous wrote:Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

Well, we did have this thing called a pandemic, although I suppose using your logic Trump is also responsible for all the global economic contractions in 2020, not just the US?

The economic recovery was already well underway by the time Trump left office. But you'll believe what you want to believe.

The problem is inflation. IT's as simple as that. People's incomes are declining in the face of inflation. Most people don't live in Bethesda with 400k salaries. Inflation is rising faster in the US than in most countries, which does suggest there's other factors involving domestic policy that may play a role. Larry Summers was against the third rescue package as he was afraid it would stimulate inflation and it looks like he was right, and it's Biden and the Democrats who own the third rescue package in 2020.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wonder if it’s because something big and unusual happened in the world in 2020, like March time frame.

I wonder why inflation only spiked in summer 2021 after the third consecutive rescue package and the only one to send direct payments to families for a continuous six month basis.

https://www.cbsnews.com/news/biden-inflation-first-year-opinion-poll/

Be careful, your privilege is showing. Not everyone can work from home like you. The package helped families put food on the table. I know as a Republican you are ok with children starving if your life is ok.

[Anonymous]

I see the Biden apologists are out in full force. First they said TRANSITORY, now they're blaming it on supply chains and the pandemic. Too bad they ignore the $2 trillion in spending last spring, the 7 trillion increase in the federal reserve balance sheet and the globalist long policy of just in time supply chain.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wonder if it’s because something big and unusual happened in the world in 2020, like March time frame.

I wonder why inflation only spiked in summer 2021 after the third consecutive rescue package and the only one to send direct payments to families for a continuous six month basis.

https://www.cbsnews.com/news/biden-inflation-first-year-opinion-poll/

Be careful, your privilege is showing. Not everyone can work from home like you. The package helped families put food on the table. I know as a Republican you are ok with children starving if your life is ok.

A lot of it was extraordinarily wasteful, going to families who had no need for the money. I'm all for helping out people in need but sending a check to everyone in the country was not a good idea. I was floored when I heard a good friend tell me they received $4500 in EBT because the local public school used some of the funding to give $1500 in EBT to every kid in the district, and they have a HHI of more than 300k. It was not means tested.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

Well, we did have this thing called a pandemic, although I suppose using your logic Trump is also responsible for all the global economic contractions in 2020, not just the US?

The economic recovery was already well underway by the time Trump left office. But you'll believe what you want to believe.

The problem is inflation. IT's as simple as that. People's incomes are declining in the face of inflation. Most people don't live in Bethesda with 400k salaries. Inflation is rising faster in the US than in most countries, which does suggest there's other factors involving domestic policy that may play a role. Larry Summers was against the third rescue package as he was afraid it would stimulate inflation and it looks like he was right, and it's Biden and the Democrats who own the third rescue package in 2020.

Wages are up significantly. Please show your notes here.

[Anonymous]

Meanwhile car production has come to a halt in North America after the truckers shut down the Ambassador Bridge... getting worse, not better.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

Well, we did have this thing called a pandemic, although I suppose using your logic Trump is also responsible for all the global economic contractions in 2020, not just the US?

The economic recovery was already well underway by the time Trump left office. But you'll believe what you want to believe.

The problem is inflation. IT's as simple as that. People's incomes are declining in the face of inflation. Most people don't live in Bethesda with 400k salaries. Inflation is rising faster in the US than in most countries, which does suggest there's other factors involving domestic policy that may play a role. Larry Summers was against the third rescue package as he was afraid it would stimulate inflation and it looks like he was right, and it's Biden and the Democrats who own the third rescue package in 2020.

Wages are up significantly. Please show your notes here.

Wages are not up significantly. Most people are not seeing hefty wage increases to keep up with inflation. There's been plenty of articles and studies confirming this. You need to show your notes if you think everyone is getting big wage increases. Because they are not. Most people are not. I'm happy for those who are, but it's far from across the board. The typical COLA is around 2.5-3%, which is laughable when inflation is now pushing 7.5%!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

Well, we did have this thing called a pandemic, although I suppose using your logic Trump is also responsible for all the global economic contractions in 2020, not just the US?

The economic recovery was already well underway by the time Trump left office. But you'll believe what you want to believe.

The problem is inflation. IT's as simple as that. People's incomes are declining in the face of inflation. Most people don't live in Bethesda with 400k salaries. Inflation is rising faster in the US than in most countries, which does suggest there's other factors involving domestic policy that may play a role. Larry Summers was against the third rescue package as he was afraid it would stimulate inflation and it looks like he was right, and it's Biden and the Democrats who own the third rescue package in 2020.

Wages are up significantly. Please show your notes here.

Wages are not up significantly. Most people are not seeing hefty wage increases to keep up with inflation. There's been plenty of articles and studies confirming this. You need to show your notes if you think everyone is getting big wage increases. Because they are not. Most people are not. I'm happy for those who are, but it's far from across the board. The typical COLA is around 2.5-3%, which is laughable when inflation is now pushing 7.5%!

Wages ARE paralleling inflation.

Meanwhile, for context, consider that inflation in the '70s was 14%. Double what it is now.

[Anonymous]

Anonymous wrote:Meanwhile car production has come to a halt in North America after the truckers shut down the Ambassador Bridge... getting worse, not better.

And whose fault is that? Ah, yes. The fault of the astroturfed truckers and those fascists who are paying for it.

[Anonymous]

CPI numbers white hot. Core CPI was up big time, particularly with rising housing costs now reflecting rent increases. This is not transitory or likely to abate due to supply chain at all. JPow has gotta get this under control. A rate hike is the least of the concern. JPow needs to bring out the bazooka and start quantitatively tightening NOW. The Fed is so, sooooo behind. QT is going to spark a recession, unfortunately. But the medicine needs to be taken.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Meanwhile car production has come to a halt in North America after the truckers shut down the Ambassador Bridge... getting worse, not better.

And whose fault is that? Ah, yes. The fault of the astroturfed truckers and those fascists who are paying for it.

We all know the real fascists are the globalists who shifted production to China using slave labor to make their margins higher. In the words of Obama's spiritual leader Reverend Wright - "the chickens are coming home to roost".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

Well, we did have this thing called a pandemic, although I suppose using your logic Trump is also responsible for all the global economic contractions in 2020, not just the US?

The economic recovery was already well underway by the time Trump left office. But you'll believe what you want to believe.

The problem is inflation. IT's as simple as that. People's incomes are declining in the face of inflation. Most people don't live in Bethesda with 400k salaries. Inflation is rising faster in the US than in most countries, which does suggest there's other factors involving domestic policy that may play a role. Larry Summers was against the third rescue package as he was afraid it would stimulate inflation and it looks like he was right, and it's Biden and the Democrats who own the third rescue package in 2020.

Wages are up significantly. Please show your notes here.

Wages are not up significantly. Most people are not seeing hefty wage increases to keep up with inflation. There's been plenty of articles and studies confirming this. You need to show your notes if you think everyone is getting big wage increases. Because they are not. Most people are not. I'm happy for those who are, but it's far from across the board. The typical COLA is around 2.5-3%, which is laughable when inflation is now pushing 7.5%!

Wages ARE paralleling inflation.

Meanwhile, for context, consider that inflation in the '70s was 14%. Double what it is now.

I don't know what world you live in for this to be true.

https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html

https://www.wsj.com/articles/inflation-drives-worker-pay-down-not-up-wage-price-spiral-raises-goods-keynes-friedman-cost-push-fed-11643662537

https://qz.com/2101224/2021-inflation-is-erasing-americans-wage-gains/

Despite higher wages, inflation gave the average worker a 2.4% pay cut last year
https://www.cnbc.com/2022/01/12/higher-pay-eclipses-inflation-bite-for-some-.html#:~:text=Cramer-,Despite%20higher%20wages%2C%20inflation%20gave%20the%20average%20worker,2.4%25%20pay%20cut%20last%20year&text=Inflation%20grew%207%25%20in%20December,than%202%25%2C%20on%20average.

Some sectors have seen big increases in wages, particularly specific service sector jobs and nursing, but most people are not and are instead seeing real declines when inflation outpaces wage gains.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

Well, we did have this thing called a pandemic, although I suppose using your logic Trump is also responsible for all the global economic contractions in 2020, not just the US?

The economic recovery was already well underway by the time Trump left office. But you'll believe what you want to believe.

The problem is inflation. IT's as simple as that. People's incomes are declining in the face of inflation. Most people don't live in Bethesda with 400k salaries. Inflation is rising faster in the US than in most countries, which does suggest there's other factors involving domestic policy that may play a role. Larry Summers was against the third rescue package as he was afraid it would stimulate inflation and it looks like he was right, and it's Biden and the Democrats who own the third rescue package in 2020.

Wages are up significantly. Please show your notes here.

Wages are not up significantly. Most people are not seeing hefty wage increases to keep up with inflation. There's been plenty of articles and studies confirming this. You need to show your notes if you think everyone is getting big wage increases. Because they are not. Most people are not. I'm happy for those who are, but it's far from across the board. The typical COLA is around 2.5-3%, which is laughable when inflation is now pushing 7.5%!

Wages ARE paralleling inflation.

Meanwhile, for context, consider that inflation in the '70s was 14%. Double what it is now.

I don't know what world you live in for this to be true.

https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html

https://www.wsj.com/articles/inflation-drives-worker-pay-down-not-up-wage-price-spiral-raises-goods-keynes-friedman-cost-push-fed-11643662537

https://qz.com/2101224/2021-inflation-is-erasing-americans-wage-gains/

Despite higher wages, inflation gave the average worker a 2.4% pay cut last year
https://www.cnbc.com/2022/01/12/higher-pay-eclipses-inflation-bite-for-some-.html#:~:text=Cramer-,Despite%20higher%20wages%2C%20inflation%20gave%20the%20average%20worker,2.4%25%20pay%20cut%20last%20year&text=Inflation%20grew%207%25%20in%20December,than%202%25%2C%20on%20average.

Some sectors have seen big increases in wages, particularly specific service sector jobs and nursing, but most people are not and are instead seeing real declines when inflation outpaces wage gains.

2.4 is parallel to inflation. Otherwise it would be a 7.5% difference.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

Well, we did have this thing called a pandemic, although I suppose using your logic Trump is also responsible for all the global economic contractions in 2020, not just the US?

The economic recovery was already well underway by the time Trump left office. But you'll believe what you want to believe.

The problem is inflation. IT's as simple as that. People's incomes are declining in the face of inflation. Most people don't live in Bethesda with 400k salaries. Inflation is rising faster in the US than in most countries, which does suggest there's other factors involving domestic policy that may play a role. Larry Summers was against the third rescue package as he was afraid it would stimulate inflation and it looks like he was right, and it's Biden and the Democrats who own the third rescue package in 2020.

Wages are up significantly. Please show your notes here.

DP here.

January: a 3.1-percent decrease in real average weekly earnings over this period.

https://www.bls.gov/news.release/realer.nr0.htm

December 2021: a 2.3-percent decrease in real average weekly earnings over this period.

https://www.bls.gov/news.release/archives/realer_01122022.htm

November 2021: a 1.9-percent decrease in real average weekly earnings over this period.

https://www.bls.gov/news.release/archives/realer_12102021.htm

October 2021: a 1.6-percent decrease in real average weekly earnings over this period.

https://www.bls.gov/news.release/archives/realer_11102021.htm

September 2021: a 0.8-percent decrease in real average weekly earnings over this period.

https://www.bls.gov/news.release/archives/realer_10132021.htm

August 2021: a 0.9-percent decrease in real average weekly earnings over this period.

https://www.bls.gov/news.release/archives/realer_09142021.htm

[Anonymous]

Gas, home, auto, food prices all up substantially, people leaving the workforce in droves and an impending war coming. Biden and his cronies are simply knocking it out of the park.