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

[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.

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

You should at least tell people when you are adjusting for inflation.

[Anonymous]

Nothing to see here folks. Remember, inflation is 'TrAnSitOrY'.

Enjoy your $1.25 purchases at Dollar Tree.

[Anonymous]

So now Republicans are advocating for increasing salaries? When did that happen?

Or are Republicans just being negative Neils because that’s all they like to do? You guys: being gadflies isn’t a net positive for you.

[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.

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

You should at least tell people when you are adjusting for inflation.

That's why it says *REAL* earnings, which by definition factors in inflation.

[Anonymous]

If more people are working and, presumably, more money is being made overall by the U.S. population, but those additional earnings are offset somewhat by inflation, I wonder if it's a net win or net loss for the country.

[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 just love that you guys are bringing up peak misery of the 1970s to defend just how great things are. Wages are lagging inflation which is even worse.

[Anonymous]

Anonymous wrote: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.

Don’t worry - there’s absolutely nothing they can say to defend this and they know it

[Anonymous]

I have no idea when my fellow Democrats are going to take unaffordable food, record high gas prices, and decades high inflation seriously. 8%? 10%?

[Anonymous]

Anonymous wrote:

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".

So… Republicans.

[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.

Yeah I’m sure the families making $400K a year with a Tesla in the driveway desperately needed $32,000 in stimulus checks and $12,000 in CTC payments for their six-person household. They were starving of nutrition otherwise.

[Anonymous]

Anonymous wrote:

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.

Yeah I’m sure the families making $400K a year with a Tesla in the driveway desperately needed $32,000 in stimulus checks and $12,000 in CTC payments for their six-person household. They were starving of nutrition otherwise.

They represent a s tiny percentage of recipients. Is it tough going through life so bitter?

[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 just love that you guys are bringing up peak misery of the 1970s to defend just how great things are. Wages are lagging inflation which is even worse.

Disproven above.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Yeah I’m sure the families making $400K a year with a Tesla in the driveway desperately needed $32,000 in stimulus checks and $12,000 in CTC payments for their six-person household. They were starving of nutrition otherwise.

They represent a s tiny percentage of recipients. Is it tough going through life so bitter?

LOL How does it feel to get up and lie for this administration's policies everyday? 98% of American households qualified for the enhanced child tax credit payments and thanks to the Squad's idiocy we're all paying the price. At least that stupid social welfare bill died in the fire of inflation - that's some compensation.

[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.

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

You should at least tell people when you are adjusting for inflation.

That's why it says *REAL* earnings, which by definition factors in inflation.

Of course wage growth lags behind an inflation spike in the short term because wage growth isn’t uniform. Everybody paid last month’s prices but only a portion of the workforce got a new job or a pay increase last month while most people had the same salary or hourly wage or fixed benefit as the month before. All of the latter experienced a real decline because their prices went up while their earnings didn’t. Their increases will come with new jobs or raises or COLAs. The fact that wage growth lags behind inflation is also proof that wage growth is not the cause of inflation.

[Anonymous]

The Fed should be gently and gradually dialing interest rates up to knock inflation back down. I'm not sure what they're waiting for. That's what they did in the 1970s, waited for inflation to spiral and then went overboard dropping the hammer of a massive interest hike rather than a more tempered and measured approach. That in turn drove recession issues.