Biden’s economy

[Anonymous]

Well, this is interesting. GOP Fed Board Chair Powell is attributing inflation to the fossil fuel economy

So I guess the Dems and Biden are on the right track.

[Anonymous]

Anonymous wrote:Well, this is interesting. GOP Fed Board Chair Powell is attributing inflation to the fossil fuel economy

So I guess the Dems and Biden are on the right track.

Well duh. We’re starting to have to pay the piper that the GOP insisted doesn’t exist.

[Anonymous]

[Anonymous]

Consumer confidence continues to improve

https://finance.yahoo.com/news/retail-sales-rebound-in-february-in-sign-of-consumer-spending-resilience-124309447.html

Retail sales rose 0.6% in February from the previous month, according to Census Bureau data. Economists had expected a 0.8% increase in spending, according to Bloomberg data. January retail sales previously posted a surprise -1.1% decrease.

February sales, excluding auto and gas, increased by 0.3%, in line with estimates.

[Anonymous]

[Anonymous]

[Anonymous]

🤔

[Anonymous]

Anonymous wrote:Well, this is interesting. GOP Fed Board Chair Powell is attributing inflation to the fossil fuel economy

So I guess the Dems and Biden are on the right track.

Oil is a big factor - Trucking and logistics are impacted by fuel costs and that in turn impacts retailers and prices in stores and everywhere else. Meanwhile, the oil companies are posting record profits. That means they could reduce prices, but refuse to and are instead greedily gouging.

[Anonymous]

[Anonymous]

and yet, the top 1% is still undertaxed.

[Anonymous]

Anonymous wrote:

-Those are households, not individuals, so it’s actually 50% of households (>50% of pop.) earn 90% of income and pay 98% of income taxes.
- the top 1% owns 1/3 of the countries wealth
-Income tax is the only graduated tax. All other taxes fall more heavily on taxpayers with lower incomes.
- The key metric is what is a taxpayer’s tax burden as a percentage of their income, all taxes included? We have a regressive tax structure: Lower-income people pay more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Well, this is interesting. GOP Fed Board Chair Powell is attributing inflation to the fossil fuel economy

So I guess the Dems and Biden are on the right track.

Oil is a big factor - Trucking and logistics are impacted by fuel costs and that in turn impacts retailers and prices in stores and everywhere else. Meanwhile, the oil companies are posting record profits. That means they could reduce prices, but refuse to and are instead greedily gouging.

Somehow this greediness manifests under Obama and Biden but not Trump. Only one solution...

[Anonymous]

You should run with telling people the inflation is only in housing costs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well, this is interesting. GOP Fed Board Chair Powell is attributing inflation to the fossil fuel economy

So I guess the Dems and Biden are on the right track.

Oil is a big factor - Trucking and logistics are impacted by fuel costs and that in turn impacts retailers and prices in stores and everywhere else. Meanwhile, the oil companies are posting record profits. That means they could reduce prices, but refuse to and are instead greedily gouging.

Somehow this greediness manifests under Obama and Biden but not Trump. Only one solution...

Trump crashed the economy, that’s why prices were low.

[Anonymous]

Biden Wants To Hike Taxes By $7 Trillion Dollars

https://waysandmeans.house.gov/the-biden-tax-hike-will-likely-exceed-7-trillion/