Biden’s economy

[Anonymous]

Inflation up 29.4 % since Biden took office according to BLS numbers.

[Anonymous]

Anonymous wrote:Inflation up 29.4 % since Biden took office according to BLS numbers.

And the underlying cause of inflation is the economy shutting down when Trump was president and opening back up under Biden. It is a global phenomenon which is worse everywhere else.

What is your point?

What is the GOP solution?

[Anonymous]

Anonymous wrote:Inflation up 29.4 % since Biden took office according to BLS numbers.

This is just a flat out lie. The US CPI is not up anywhere near 29.4% in the last 3 years. Send us the BLS link that shows this large CPI increase….

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation up 29.4 % since Biden took office according to BLS numbers.

And the underlying cause of inflation is the economy shutting down when Trump was president and opening back up under Biden. It is a global phenomenon which is worse everywhere else.

What is your point?

What is the GOP solution?

I imagine the plan is to super charge inflation with tariffs, tax cuts, and pressure to lower interest rates. They'd quit caring about inflation the minute Trump entered office.

[Anonymous]

Anonymous wrote:Oooff

https://amp.cnn.com/cnn/2024/04/11/economy/ppi-us-inflation-march

Inflation up 3.5% since last year at this time .

We have rising rent, food, gas, insurance the average American is struggling under Bidenomics.

More Americans are in debt and less have savings than ever before.

Hold onto your hats folks, it’s going to get worse.

[Anonymous]

Wow!

[Anonymous]

Wow, what?

Gas was rock bottom when Trump left office because the economy came to a halt.

wWuld you prefer the 15% unemployment rate and shrinking GDP of 2020?

[Anonymous]

Anonymous wrote:Wow, what?

Gas was rock bottom when Trump left office because the economy came to a halt.

wWuld you prefer the 15% unemployment rate and shrinking GDP of 2020?

Fairer to compare gas prices January 2020 (pre-Covid) to March 2024.

Gas was $2.64 in January, 2020, $3.54 for March 2024, making the price 34% higher.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

[Anonymous]

From Rupert Murdoch’s Wall Street Journal

[Anonymous]

Yields on treasuries are surging.

Basically, the market collectively thinks Biden inflation is now becoming more and more entrenched and that the Fed will have to keep interest rates higher for years, or even raise them in order to kill Biden's inflation.

R.I.P. everyone's life savings. $1M is gonna be worth toilet paper soon.

[Anonymous]

2017 I making
Monthly paycheck 2400
Rent 2 bedroom apartment $550
grocery shopping. $200
Power. $50
Eating out 3x a week. $100
Internet. $25
Car payment. $200
Car issuance. 50
Other. $200
Savings about $1000

Now
Pay. 3000
Rent. $1800
Grocery shopping $800 ( for one)
Internet. $100
Power. $100
I don’t have a car anymore had to sell it.

I haven’t gone to out ton restaurant in since 2021

[Anonymous]

Anonymous wrote:2017 I making
Monthly paycheck 2400
Rent 2 bedroom apartment $550
grocery shopping. $200
Power. $50
Eating out 3x a week. $100
Internet. $25
Car payment. $200
Car issuance. 50
Other. $200
Savings about $1000

Now
Pay. 3000
Rent. $1800
Grocery shopping $800 ( for one)
Internet. $100
Power. $100
I don’t have a car anymore had to sell it.

I haven’t gone to out ton restaurant in since 2021

Thank you. People here need a reality check. Most of them don’t remember hardship.

[Anonymous]

But...but...but......buuuuuuuuuut.....muh inflation is transitory....or....not

[Anonymous]

I can't wait for inflation to be solved with tax cuts and then somehow get worse. Of course some responsible republicans are talking about spending cuts to go along with tax cuts to prevent inflation getting worse. Unfortunately, the only areas of the budget they are will to touch are programs like medicaid and SNAP and housing assistance

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow, what?

Gas was rock bottom when Trump left office because the economy came to a halt.

wWuld you prefer the 15% unemployment rate and shrinking GDP of 2020?

Fairer to compare gas prices January 2020 (pre-Covid) to March 2024.

Gas was $2.64 in January, 2020, $3.54 for March 2024, making the price 34% higher.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

I literally paid 3.52 yesterday for gas in Ohio