May CPI 8.6%

[Anonymous]

This administration loves to say that inflation is a global phenomenon and throws up its hands but that's pretty dishonest.

Biden could ease Trump tariffs that made no sense back then and definitely no sense now.

He should also not entertain this dumb idea of forgiving student loan debt and putting more money into people's hands. Every time this administration has listened to the progressive faction (Bernie/Warren/Jayapal) has been ruinous for the rest of the country.

[Anonymous]

Anonymous wrote:I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

Yeah we’re going to be right in line with Venezuela and Zimbabwe. Good times for all!

[Anonymous]

Anonymous wrote:This administration loves to say that inflation is a global phenomenon and throws up its hands but that's pretty dishonest.

Biden could ease Trump tariffs that made no sense back then and definitely no sense now.

He should also not entertain this dumb idea of forgiving student loan debt and putting more money into people's hands. Every time this administration has listened to the progressive faction (Bernie/Warren/Jayapal) has been ruinous for the rest of the country.

Please cite these ruinous policies for us less erudite folks.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Maybe you missed the news about all the companies starting to lay people off.

Unemployment also lags. First consumer sentiment and spending tank. Then companies start losing money or have their margins hit. Then layoffs come.

We are in the first part of that chain reaction.

+1. When trouble brews, first companies stop hiring. Plenty of that going on right now. As things progress, they will cut hours. Only when things continue to decline is when they do layoffs.

You guys keep praying for a recession but job growth continues. Consumers are spending. Anecdotes about layoffs at a few companies are insignificant. There is always a lot of churn in the labor market. Even when the economy is in full growth, when we “add” 1 million jobs it is the net of about 7 million new jobs at employers that are hiring offsetting 6 million jobs lost at employers that are contracting or closing.

So this is the new democrat platform - 8+% inflation is 'good' because it means people are spending and the economy is strong. Meanwhile, everyone's entire life savings are being destroyed. Good luck trying to run on a platform that $5 gas and grocery bills skyrocketing out of control means 'the economy is good'. Please don't act surprised in Nov. when it is a bloodbath for the Dems.

Yep. It is gaslighting taken to entirely new level. But this isn’t the same as other gaslighting efforts. Here, I actually know how much money I make and how much that hasn’t changed and I know how much I typically spend at the gas pump and the grocery store. The gas pump has fluctuated on and off but now it is just way up. For me, the biggest, most unexpected hit is my weekly grocery bill at Giant. Not Whole Foods. Giant. It is much much higher. You cannot gas light me that things are good. Other expenses i have have also gone up. But my federal government paycheck has NOT gone up in a meaningful way for nearly 15 years.

Sounds like you didn’t make much of yourself and settled.

Now you want me to feel sorry for you? Dream on.

'Dear middle class, maybe if you weren't such losers you could afford these prices!'.

Wow, Dems sounding more and more like bootstrap GOP these days. Keep running on platform of high inflation is good Dems. See how well this works out for you.

100%. That was my post. I am an attorney who took the federal government route after toiling in big law. It wasn’t good for my family. But I think the saddest thing is that the people who say I haven’t made much of myself 1) want handouts, 2) want loan forgiveness, 3) don’t understand what inflation is or basic economics. These are the hate filled dummies Elon Musk finally said he can’t deal with. People can deal with loving dummies. But hateful dummies. No thank you. And aw shucks Joe isn’t able to paper over the rot in this Democratic Party with stories of Scranton. The posters on this board are the modern Democratic Party and it is a party of ignorant, lazy, greedy, educated stupid people. And a lot of moderates really see it now.

Please enlighten us further about all the legislative initiatives being advanced by the GOP and affiliated libertarian “indrpendents” to address global inflation and associated supply chain issues given your understanding of basic economics. What monetary policies do you think the Fedetal Reserve should pursue? What should we do about tariffs? NATO membership snd the invasion of Ukraine? China policy, freedom of navigation and the South China Sea? North Korean nuclear development?

Not the PP. Biden is attacking the shipping companies for charging more. Maybe he should prevent the longshorepeople from going on strike this summer? Cmon man?

About the level of serious discourse one might expect.

[Anonymous]

Anonymous wrote:

Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Unemployment is a misleading stat-it does not account for part-time vs full-time, underemployment, those that have given up finding employment, contract/seasonal workers who have lost clients, or those making under a certain amount.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This administration loves to say that inflation is a global phenomenon and throws up its hands but that's pretty dishonest.

Biden could ease Trump tariffs that made no sense back then and definitely no sense now.

He should also not entertain this dumb idea of forgiving student loan debt and putting more money into people's hands. Every time this administration has listened to the progressive faction (Bernie/Warren/Jayapal) has been ruinous for the rest of the country.

Please cite these ruinous policies for us less erudite folks.

It's called the American rescue plan. Big payouts to local/state governments that didnt need it to bail poorly run democratic cities like NYC and Chicago. Generous unemployment benefits to pay people not to work and transfer payments to families with kids like universal income lite.

Throw in some other dumb stuff like eviction and student loan moratoriums also made under dishonest pretenses. There is no huge public health crisis now that evictions of deadbeats are back to normal. How could you keep claiming there is no a strong job market with record level unemployment while still letting people not pay their debts to the govt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

Yeah we’re going to be right in line with Venezuela and Zimbabwe. Good times for all!

Why is it that Republicans so worried about turning into Venezuela, but at the same time desperately want a Venezuela-like regime of the government stepping in and reducing gas prices?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This administration loves to say that inflation is a global phenomenon and throws up its hands but that's pretty dishonest.

Biden could ease Trump tariffs that made no sense back then and definitely no sense now.

He should also not entertain this dumb idea of forgiving student loan debt and putting more money into people's hands. Every time this administration has listened to the progressive faction (Bernie/Warren/Jayapal) has been ruinous for the rest of the country.

Please cite these ruinous policies for us less erudite folks.

It's called the American rescue plan. Big payouts to local/state governments that didnt need it to bail poorly run democratic cities like NYC and Chicago. Generous unemployment benefits to pay people not to work and transfer payments to families with kids like universal income lite.

Throw in some other dumb stuff like eviction and student loan moratoriums also made under dishonest pretenses. There is no huge public health crisis now that evictions of deadbeats are back to normal. How could you keep claiming there is no a strong job market with record level unemployment while still letting people not pay their debts to the govt.

+1000000

Couple that with explosion in the Fed balance sheet to $9T and this is the result. Democrats, predictably of course, will never, ever admit huge govt spending and intervention are the root of the problem. It's like they've never taken a course on basic economics and have never learned about what happens when you flood the economy with sooooooo much money and credit liquidity. Sugar rush always leads to sugar crash.

Hopefully this massively failed experiment with MMT will finally put the nail in coffin of that utterly asinine idea. Yes, there really are consequences for when the govt tries to hand out a whole bunch of freebies. The idea that you can spend unlimited amounts of money for a whole bunch of stupid social programs is pure insanity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Maybe you missed the news about all the companies starting to lay people off.

Unemployment also lags. First consumer sentiment and spending tank. Then companies start losing money or have their margins hit. Then layoffs come.

We are in the first part of that chain reaction.

+1. When trouble brews, first companies stop hiring. Plenty of that going on right now. As things progress, they will cut hours. Only when things continue to decline is when they do layoffs.

You guys keep praying for a recession but job growth continues. Consumers are spending. Anecdotes about layoffs at a few companies are insignificant. There is always a lot of churn in the labor market. Even when the economy is in full growth, when we “add” 1 million jobs it is the net of about 7 million new jobs at employers that are hiring offsetting 6 million jobs lost at employers that are contracting or closing.

So this is the new democrat platform - 8+% inflation is 'good' because it means people are spending and the economy is strong. Meanwhile, everyone's entire life savings are being destroyed. Good luck trying to run on a platform that $5 gas and grocery bills skyrocketing out of control means 'the economy is good'. Please don't act surprised in Nov. when it is a bloodbath for the Dems.

Yep. It is gaslighting taken to entirely new level. But this isn’t the same as other gaslighting efforts. Here, I actually know how much money I make and how much that hasn’t changed and I know how much I typically spend at the gas pump and the grocery store. The gas pump has fluctuated on and off but now it is just way up. For me, the biggest, most unexpected hit is my weekly grocery bill at Giant. Not Whole Foods. Giant. It is much much higher. You cannot gas light me that things are good. Other expenses i have have also gone up. But my federal government paycheck has NOT gone up in a meaningful way for nearly 15 years.

Sounds like you didn’t make much of yourself and settled.

Now you want me to feel sorry for you? Dream on.

'Dear middle class, maybe if you weren't such losers you could afford these prices!'.

Wow, Dems sounding more and more like bootstrap GOP these days. Keep running on platform of high inflation is good Dems. See how well this works out for you.

100%. That was my post. I am an attorney who took the federal government route after toiling in big law. It wasn’t good for my family. But I think the saddest thing is that the people who say I haven’t made much of myself 1) want handouts, 2) want loan forgiveness, 3) don’t understand what inflation is or basic economics. These are the hate filled dummies Elon Musk finally said he can’t deal with. People can deal with loving dummies. But hateful dummies. No thank you. And aw shucks Joe isn’t able to paper over the rot in this Democratic Party with stories of Scranton. The posters on this board are the modern Democratic Party and it is a party of ignorant, lazy, greedy, educated stupid people. And a lot of moderates really see it now.

Please enlighten us further about all the legislative initiatives being advanced by the GOP and affiliated libertarian “indrpendents” to address global inflation and associated supply chain issues given your understanding of basic economics. What monetary policies do you think the Fedetal Reserve should pursue? What should we do about tariffs? NATO membership snd the invasion of Ukraine? China policy, freedom of navigation and the South China Sea? North Korean nuclear development?

Not the PP. Biden is attacking the shipping companies for charging more. Maybe he should prevent the longshorepeople from going on strike this summer? Cmon man?

About the level of serious discourse one might expect.

I hope you have everything you need because this strike will make things worse. Mark my words.

Maybe you and Kamala will stand along side the striking dock workers?

[Anonymous]

These last two years have been an experiment in progressive economic policies and all we get is 40 year high inflation and $5-7/gallon gas. Cant wait to vote these people out in Nov.

[Anonymous]

Trump was buffoon but even he didn't drive the economy into a ditch. Biden just seems like a senile puppet so I blame the people controlling Biden.

[Anonymous]

Anonymous wrote:This administration loves to say that inflation is a global phenomenon and throws up its hands but that's pretty dishonest.

Biden could ease Trump tariffs that made no sense back then and definitely no sense now.

He should also not entertain this dumb idea of forgiving student loan debt and putting more money into people's hands. Every time this administration has listened to the progressive faction (Bernie/Warren/Jayapal) has been ruinous for the rest of the country.

In what way did entertaining the idea of student loan forgiveness cause current inflation?

[Anonymous]

Anonymous wrote:These last two years have been an experiment in progressive economic policies and all we get is 40 year high inflation and $5-7/gallon gas. Cant wait to vote these people out in Nov.

biden wasn't in control for 2 years

[Anonymous]

Anonymous wrote:Trump was buffoon but even he didn't drive the economy into a ditch. Biden just seems like a senile puppet so I blame the people controlling Biden.

the pandemic he ignored did that just fine

[Anonymous]

Anonymous wrote:Trump was buffoon but even he didn't drive the economy into a ditch. Biden just seems like a senile puppet so I blame the people controlling Biden.

Where were you two years ago? Trump destroyed the economy.