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

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can't wait til we hit 1975 levels. Ahhh, the good ole days.

You won’t have to wait long. Probably May or June.

I was thinking as soon as March or April.

Well, if anyone is capable of that, it’s Biden.

[Anonymous]

iT’s aLl BiDeN’s fAuLt

[Anonymous]

No worries, they're adjusting how inflation is calculated again in January. While the statement is vague, I have no doubt the changes will suddenly make inflation no longer an issue.

https://www.bls.gov/cpi/notices/2021/2022-weight-update.htm

[Anonymous]

Anonymous wrote:iT’s aLl BiDeN’s fAuLt

Yep. Companies deciding to make hay while the sun shines.

Like the gas companies.

[Anonymous]

Meanwhile, the debt decreased by 400 billion dollars over the first two months of the fiscal year as government spending decreased and income increased.

This seems to only happen under democrats.

[Anonymous]

You mean to tell me Manchin was right?

Why I Won’t Support Spending Another $3.5 Trillion

Amid inflation, debt and the inevitability of future crises, Congress needs to take a strategic pause.

Those who believe such concerns are overstated should ask themselves: What do we do if the pandemic gets worse under the next viral mutation? What do we do if there is a financial crisis like the one that led to the Great Recession? What if we face a terrorist attack or major international conflict? How will America respond to such crises if we needlessly spend trillions of dollars today?

Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation. A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not. While some have suggested this reconciliation legislation must be passed now, I believe that making budgetary decisions under artificial political deadlines never leads to good policy or sound decisions.

https://www.wsj.com/articles/manchin-pelosi-biden-3-5-trillion-reconciliation-government-spending-debt-deficit-inflation-11630605657

[Anonymous]

Remember this dude on election day in Virginia? November 3rd.

[Anonymous]

Anonymous wrote:

Anonymous wrote:iT’s aLl BiDeN’s fAuLt
<deleted tweet about meat processing margins to save space>

Yep. Companies deciding to make hay while the sun shines.

Like the gas companies.

Gosh, you guys are stupid. Businesses can't just increase prices to make more profit if consumers don't pay those higher prices. Meat processors are enjoying better margins because actions by the government have restricted meat processing capacity, reduced meat imports, all the while sending checks to citizens to prop up their demand. Reduced supply + increased demand = higher margins.

[Anonymous]

Anonymous wrote:You mean to tell me Manchin was right?

Why I Won’t Support Spending Another $3.5 Trillion

Amid inflation, debt and the inevitability of future crises, Congress needs to take a strategic pause.

Those who believe such concerns are overstated should ask themselves: What do we do if the pandemic gets worse under the next viral mutation? What do we do if there is a financial crisis like the one that led to the Great Recession? What if we face a terrorist attack or major international conflict? How will America respond to such crises if we needlessly spend trillions of dollars today?

Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation. A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not. While some have suggested this reconciliation legislation must be passed now, I believe that making budgetary decisions under artificial political deadlines never leads to good policy or sound decisions.

https://www.wsj.com/articles/manchin-pelosi-biden-3-5-trillion-reconciliation-government-spending-debt-deficit-inflation-11630605657

Except he is wrong. Inflation is really the companies gouging the American public.
The Debt is going down despite the GOP tax rip off.
And the future crisis are unpredictable, but our leadership is more sound now than it was over the past 4 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You mean to tell me Manchin was right?

Why I Won’t Support Spending Another $3.5 Trillion

Amid inflation, debt and the inevitability of future crises, Congress needs to take a strategic pause.

Those who believe such concerns are overstated should ask themselves: What do we do if the pandemic gets worse under the next viral mutation? What do we do if there is a financial crisis like the one that led to the Great Recession? What if we face a terrorist attack or major international conflict? How will America respond to such crises if we needlessly spend trillions of dollars today?

Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation. A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not. While some have suggested this reconciliation legislation must be passed now, I believe that making budgetary decisions under artificial political deadlines never leads to good policy or sound decisions.

https://www.wsj.com/articles/manchin-pelosi-biden-3-5-trillion-reconciliation-government-spending-debt-deficit-inflation-11630605657

Except he is wrong. Inflation is really the companies gouging the American public.
The Debt is going down despite the GOP tax rip off.
And the future crisis are unpredictable, but our leadership is more sound now than it was over the past 4 years.

He was right. Inflation is corporations gouging the public because they see free money being thrown at 39% of the population. Of COURSE they'll raise their prices.
We just had to raise the Debt Ceiling today. Literally Biden just signed a law to pass it. What are you talking about?
Agreed on leadership - doesn't change the fact that our inflation is at a 40-year high and when they announce December I will be shocked if its any less than 7.2%.

[Anonymous]

Inflation is a tax.

The government spends more than it taxes so it prints money to not default then there is too much money and too little product.

Instead of raising taxes so people can’t buy anything… the government debases money so people can’t buy anything

[Anonymous]

Not a problem. If you don’t like the price of something, don’t buy it. Buy something else instead. That’s how capitalism works.

[Anonymous]

F him and his entire administration for this response. More than 80% of Americans DO NOT have childcare costs. We shouldn't have to deal with this inflation because Biden wants to be FDR.

[Anonymous]

I was out last night in our downtown. Packed restaurants, shops, etc. Inflation doesn't seem to stopping anyone from consuming. People's shopping sprees are likely driving the inflation.

There's little unemployment, so people have money to spend. People like me are also benefiting greatly by being able to work from home. I am savings hundreds monthly in gas, parking fees, lunches, and wardrobe.

I am loving life

[Anonymous]

Anonymous wrote:I was out last night in our downtown. Packed restaurants, shops, etc. Inflation doesn't seem to stopping anyone from consuming. People's shopping sprees are likely driving the inflation.

There's little unemployment, so people have money to spend. People like me are also benefiting greatly by being able to work from home. I am savings hundreds monthly in gas, parking fees, lunches, and wardrobe.

I am loving life

Its actually cheaper to eat at a restaurant now (because they're still getting bulk discounts) than it is buy the same provisions in a grocery store. The world is upside down.