Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

This is bs. The only people benefitting are the bottom feeders dependent on the government to live.

The middle class is being systemically destroyed by the demonrats. This is by design.

So let's end agriculture subsidies, corporate subsidies, all of the tax loopholes for hedge funds and real estate developers etc and get rid of those bottom feeders.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

Price controls do nothing except cause shortages. You will not tell a food provider what they can sell, how much they can sell, and at what price. They simply stop producing the good (or sell it overseas), and you can't force them to make product.

Are you really this dumb? You think your soviet-style tactics will work? Get real.

We basically have monopolies in this country, which is antithetical to pure capitalism. As such, there have to be guardrails, otherwise we see companies raping consumers, which is what we are seeing now, and people like you are falling for it.

We don't have monopolies. The fact is, you can't explain what's going on, so you make up stories.

We have prices rising and products getting packaged in smaller amounts.

If they can sell it and make a decent profit, they will.

If they can't, they clear the shelves of the product (so you can't compare the previous packaging) and then reintroduce the product in smaller packages and hope you don't notice.

If you do notice a the product doesn't move, they stop making it altogether rather than sell it at a loss.

That's what's happening. There's no wild conspiracy here. Just a government that won't get its boot off the neck of producers and suppliers and working tirelessly to insert itself everywhere it doesn't belong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

This is bs. The only people benefitting are the bottom feeders dependent on the government to live.

The middle class is being systemically destroyed by the demonrats. This is by design.

So let's end agriculture subsidies, corporate subsidies, all of the tax loopholes for hedge funds and real estate developers etc and get rid of those bottom feeders.

Anytime! We're waiting.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

This is bs. The only people benefitting are the bottom feeders dependent on the government to live.

The middle class is being systemically destroyed by the demonrats. This is by design.

So let's end agriculture subsidies, corporate subsidies, all of the tax loopholes for hedge funds and real estate developers etc and get rid of those bottom feeders.

Sounds good to me!

[Anonymous]

Three years of Biden and people have gained exactly zero real wealth. [twitter=https://x.com/realBradBrewer/status/1805798373741506654/photo/1]What a failure[/twitter].

[Anonymous]

Preview of tomorrow night Biden economic question

[Anonymous]

Anonymous wrote:Preview of tomorrow night Biden economic question

What exactly do you think tariffs do? They raise prices of imports. That’s the point. If there’s no domestic industry in place to supply the demand, the prices will skyrocket even further. And the thing about tariffs is they tend to be met with retaliation in kind, as America’s farmers learned during the Trump trade debacle some years back.

Restricting immigration increases the cost of labor, which also increases the costs of goods and services. Only so many Americans who want to work for next to nothing. Great if you’re an unskilled laborer, but bad if you want to buy anything dependent on the price of unskilled labor. Remember during the Trump years when the price of canned crab went through the roof? Expect that for pretty much every food item. If you think McDonalds costs a lot today wait until the price of beef and tomatoes is $20/lb.

[Anonymous]

REPORTER: "Have you been to the grocery store lately?"

YELLEN: "I sure have. I go every week."

REPORTER: "It's sticker shock, isn't it?!"

YELLEN: "No!"

*Her net worth is $20 million

Yellen was quick to shoot down a question about grocery prices, which are up 20% from before the COVID-19 pandemic, during an interview with Yahoo Finance’s Jennifer Schonberger on Monday.


Yellen, who is worth an estimated $20 million, began to reply “No” before Schonberger even finished her question.

“I think largely it reflects cost increases, including labor cost increases that grocery firms have experienced, although there may be some increases in margins,” Yellen continued.
https://nypost.com/2024/06/26/us-news/janet-yellen-gives-out-of-touch-response-to-skyrocketing-grocery-prices/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

Price controls do nothing except cause shortages. You will not tell a food provider what they can sell, how much they can sell, and at what price. They simply stop producing the good (or sell it overseas), and you can't force them to make product.

Are you really this dumb? You think your soviet-style tactics will work? Get real.

We basically have monopolies in this country, which is antithetical to pure capitalism. As such, there have to be guardrails, otherwise we see companies raping consumers, which is what we are seeing now, and people like you are falling for it.

We don't have monopolies. The fact is, you can't explain what's going on, so you make up stories.

We have prices rising and products getting packaged in smaller amounts.

If they can sell it and make a decent profit, they will.

If they can't, they clear the shelves of the product (so you can't compare the previous packaging) and then reintroduce the product in smaller packages and hope you don't notice.

If you do notice a the product doesn't move, they stop making it altogether rather than sell it at a loss.

That's what's happening. There's no wild conspiracy here. Just a government that won't get its boot off the neck of producers and suppliers and working tirelessly to insert itself everywhere it doesn't belong.

How many different food producers are there?
How many different grocery unaffiliated grocery chains are there?

It isn't single monopolies, but in a lot of verticals, there are only 2 players for a lot of products.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden Pretends Rising Food Prices Are Not a Problem

- President Biden was told that food prices are up over 30% on his watch. But he dismissed this fact, claiming people have money to pay those elevated prices.

- This drop in purchasing power has many families relying on credit cards to make ends meet, pushing outstanding balances up to $1.1 trillion.

- Americans’ incomes haven’t risen nearly as quickly as food prices have during the Biden administration, resulting from failed public policy.

If you’re having trouble affording groceries, don’t expect sympathy from the White House.

In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have money to pay those elevated prices.

This doesn’t just demonstrate Mr. Biden’s tone-deafness to the plight of Americans who struggle to afford necessities like groceries; it shows his ignorance of his own administration’s data.

According to the Bureau of Labor Statistics, average weekly paychecks have increased about $150 under Mr. Biden, or 14.1% in roughly three years. Normally, that would be cause for celebration, but not in the inflationary environment of “Bidenomics.”

https://www.heritage.org/markets-and-finance/commentary/biden-pretends-rising-food-prices-are-not-problem

Everything in this is wrong. Biden does care, the democrats tried to pass an anti-price-gouging measure that the GOP shot down.

Price controls do nothing except cause shortages. You will not tell a food provider what they can sell, how much they can sell, and at what price. They simply stop producing the good (or sell it overseas), and you can't force them to make product.

Are you really this dumb? You think your soviet-style tactics will work? Get real.

We basically have monopolies in this country, which is antithetical to pure capitalism. As such, there have to be guardrails, otherwise we see companies raping consumers, which is what we are seeing now, and people like you are falling for it.

We don't have monopolies. The fact is, you can't explain what's going on, so you make up stories.

We have prices rising and products getting packaged in smaller amounts.

If they can sell it and make a decent profit, they will.

If they can't, they clear the shelves of the product (so you can't compare the previous packaging) and then reintroduce the product in smaller packages and hope you don't notice.

If you do notice a the product doesn't move, they stop making it altogether rather than sell it at a loss.

That's what's happening. There's no wild conspiracy here. Just a government that won't get its boot off the neck of producers and suppliers and working tirelessly to insert itself everywhere it doesn't belong.

How many different food producers are there?
How many different grocery unaffiliated grocery chains are there?

It isn't single monopolies, but in a lot of verticals, there are only 2 players for a lot of products.

I’m sorry, I’m still trying to get over the fact that the PP to whom you’re replying doesn’t think there are monopolies.

“Food production has consolidated dramatically since the 1970s after changes in antitrust policy allowed more companies to buy up their competitors. Depending on who you ask, antitrust practitioners say markets are “oligopolistic” or dangerously concentrated when the top four firms control 40% to 50% of the market, or more. Higher levels of concentration give businesses more power to set prices and increase the likelihood of price-fixing or market manipulation. Today the top four corporations control more than 60% of the U.S. market for pork, coffee, cookies, beer, and bread. In beef processing, baby food, pasta, and soda the top four companies control more than 80% of the U.S. market.” https://time.com/6139127/u-s-food-prices-monopoly/

That article if from 2022 and it’s probably gotten even worse in the last two years.

We definitely function under food monopolies. We have a great illusion of choice but usually pretty limited choices in reality. And Republicans don’t think there’s anything wrong with this and fight any attempt to break up monopolies, even though they’ve been price gouging since covid. It doesn’t bother the GOP; they love punishing the many to reward the few.

[Anonymous]

[Anonymous]

Anonymous wrote:REPORTER: "Have you been to the grocery store lately?"

YELLEN: "I sure have. I go every week."

REPORTER: "It's sticker shock, isn't it?!"

YELLEN: "No!"

*Her net worth is $20 million

Yellen was quick to shoot down a question about grocery prices, which are up 20% from before the COVID-19 pandemic, during an interview with Yahoo Finance’s Jennifer Schonberger on Monday.


Yellen, who is worth an estimated $20 million, began to reply “No” before Schonberger even finished her question.

“I think largely it reflects cost increases, including labor cost increases that grocery firms have experienced, although there may be some increases in margins,” Yellen continued.
https://nypost.com/2024/06/26/us-news/janet-yellen-gives-out-of-touch-response-to-skyrocketing-grocery-prices/

What is the GOP plan to reduce prices?

Biden is trying. The Dems are trying. The GOP have shot them down at every attempt.

So yes, things are more expensive because of the economic shock related to Trump's bungling of COVID.

So what does the GOP propose to make it better?

[Anonymous]

He must be doing something right as the US economy is the envy of the world. Americans (and I am one) spoiled and entitled and think we should still pay 1980 prices for everything.

https://www.msnbc.com/rachel-maddow-show/maddowblog/biden-us-economic-growth-becomes-envy-world-rcna157003

[Anonymous]

Anonymous wrote:

Anonymous wrote:REPORTER: "Have you been to the grocery store lately?"

YELLEN: "I sure have. I go every week."

REPORTER: "It's sticker shock, isn't it?!"

YELLEN: "No!"

*Her net worth is $20 million

Yellen was quick to shoot down a question about grocery prices, which are up 20% from before the COVID-19 pandemic, during an interview with Yahoo Finance’s Jennifer Schonberger on Monday.


Yellen, who is worth an estimated $20 million, began to reply “No” before Schonberger even finished her question.

“I think largely it reflects cost increases, including labor cost increases that grocery firms have experienced, although there may be some increases in margins,” Yellen continued.
https://nypost.com/2024/06/26/us-news/janet-yellen-gives-out-of-touch-response-to-skyrocketing-grocery-prices/

What is the GOP plan to reduce prices?

Biden is trying. The Dems are trying. The GOP have shot them down at every attempt.

So yes, things are more expensive because of the economic shock related to Trump's bungling of COVID.

So what does the GOP propose to make it better?

Tariffs and tax cuts for billionaires!

[Anonymous]

Anonymous wrote:Three years of Biden and people have gained exactly zero real wealth. twitter=https://x.com/realBradBrewer/status/1805798373741506654/photo/1

You're quoting a Twitter photo?