Anonymous wrote:

Anonymous wrote:Part of the inflation is a surge of pent-up demand, which will taper back off, another part of it is pandemic-related supply chain issues which will also get sorted out. Also, it should be noted that wages have gone up significantly due to demand for labor. https://tradingeconomics.com/united-states/wage-growth

Yeah, the administration was saying it would 'taper off' back in August except they called it transitory. Back then inflation was 4%. Now its 7% and judging by the panicked turtle-in-shell reactions from the Biden surrogates I have a feeling they damned well know its going to be 10% in January 2022.

Guess ignoring it and the supply chain port crisis didn't work out quite the way they wanted.

A lot has been done on the port crisis. What are you people going to do when your narratives run out of steam?

Anonymous wrote:

Anonymous wrote:Part of the inflation is a surge of pent-up demand, which will taper back off, another part of it is pandemic-related supply chain issues which will also get sorted out. Also, it should be noted that wages have gone up significantly due to demand for labor. https://tradingeconomics.com/united-states/wage-growth

Yeah, the administration was saying it would 'taper off' back in August except they called it transitory. Back then inflation was 4%. Now its 7% and judging by the panicked turtle-in-shell reactions from the Biden surrogates I have a feeling they damned well know its going to be 10% in January 2022.

Guess ignoring it and the supply chain port crisis didn't work out quite the way they wanted.

sounds a lot like arthur burns

Anonymous wrote:Part of the inflation is a surge of pent-up demand, which will taper back off, another part of it is pandemic-related supply chain issues which will also get sorted out. Also, it should be noted that wages have gone up significantly due to demand for labor. https://tradingeconomics.com/united-states/wage-growth

Yeah, the administration was saying it would 'taper off' back in August except they called it transitory. Back then inflation was 4%. Now its 7% and judging by the panicked turtle-in-shell reactions from the Biden surrogates I have a feeling they damned well know its going to be 10% in January 2022.

Guess ignoring it and the supply chain port crisis didn't work out quite the way they wanted.

Part of the inflation is a surge of pent-up demand, which will taper back off, another part of it is pandemic-related supply chain issues which will also get sorted out. Also, it should be noted that wages have gone up significantly due to demand for labor. https://tradingeconomics.com/united-states/wage-growth

Anonymous wrote:I'm seeing a lot of liberals/parents whining about losing their child tax credits and screaming democracy will be OVER in January 2022 because inflation is high.

From the portion of the population which has been screaming about inflation rising since August 2021:

Thank you

Taxes get cut and raised

Spending never gets cut.

Across the board cuts are needed. 10 percent cut to every expense and check. Do it for the country

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is Biden also causing inflation in Germany? https://www.marketwatch.com/amp/story/german-inflation-rises-at-fastest-pace-in-almost-30-years-271639120086

Or the UK? https://amp.theguardian.com/business/live/2021/dec/06/supply-chain-disruption-omicron-uk-economy-german-factories-builders-eurozone-business-live

It’s almost like there are some global factors causing this and isn’t the result of comedy policies?

U.K. and German inflation is at 3-4%. The U.S. is DOUBLE that. Biden is doing something wrong and we will end up at 10% inflation in first quarter 2022 if he doesn't reverse course.

The only countries higher than the U.S. last month was f**king Venezuela, Turkey, Brazil, Russia, and Mexico.

m
So we have a squad that wants us to be like Venezuela and a GOP that thinks Turkey, Brazil, and Russia are great role models.

the US is actually in a similar situation then other Western countries, republicans try to paint the picture that the US is an outlier just because they cannot blame Biden if other countries are in a similar situation. annual inflation in italy is actually 3.7% https://www.money.it/Italia-inflazione-novembre-2021 , which is a lot considering that at the start of the pandemic the economy was basically in a recession with near zero inflation.

That is literally HALF the U.S. inflation numbers. Do you understand that? NOT. F&&KING. GOOD.

NP. Recheck that math.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is Biden also causing inflation in Germany? https://www.marketwatch.com/amp/story/german-inflation-rises-at-fastest-pace-in-almost-30-years-271639120086

Or the UK? https://amp.theguardian.com/business/live/2021/dec/06/supply-chain-disruption-omicron-uk-economy-german-factories-builders-eurozone-business-live

It’s almost like there are some global factors causing this and isn’t the result of comedy policies?

U.K. and German inflation is at 3-4%. The U.S. is DOUBLE that. Biden is doing something wrong and we will end up at 10% inflation in first quarter 2022 if he doesn't reverse course.

The only countries higher than the U.S. last month was f**king Venezuela, Turkey, Brazil, Russia, and Mexico.

m
So we have a squad that wants us to be like Venezuela and a GOP that thinks Turkey, Brazil, and Russia are great role models.

the US is actually in a similar situation then other Western countries, republicans try to paint the picture that the US is an outlier just because they cannot blame Biden if other countries are in a similar situation. annual inflation in italy is actually 3.7% https://www.money.it/Italia-inflazione-novembre-2021 , which is a lot considering that at the start of the pandemic the economy was basically in a recession with near zero inflation.

Here is Jason Furman, who worked in the Obama administration, contradicting you and saying that Biden's policies have made the situation worse vis-a-vis the Eurozone.

Shoulda, woulda, coulda listened to us.

https://www.cnn.com/2021/12/17/economy/inflation-build-back-better/index.html

Consumer prices are already rising at the fastest pace in nearly 40 years. Inflation may get worse before it gets better and that would further erode support for President Joe Biden's Build Back Better legislation, Goldman Sachs says.

The Wall Street bank told clients Thursday that the chances Biden's signature legislation gets enacted at all "looks lower."

Money?

You mean the stuff that can be printed at will?


Yeah….. that’s not money.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem is with far too much spending than the country can afford. Spending far beyond what any taxation could possibly pay for

Whichever party is more responsible for spending too much is the one to blame for inflation.

Hello, GOP, who passed an unfunded multi-trillion dollar tax cut that exploded the debt and deficit spending when it wasn't needed.

Tax revenues are higher every year.

Spending needs to go lower every year to match.

Tax revenues go up.

Spending never goes down.

It’s a spending problem.

In the first place, that’s not how any of this works.

In the second place, we have one place with runaway spending, but no one ever complains about it.


This is 2015, obviously, but it’s not much different now. https://www.nationalpriorities.org/campaigns/military-spending-united-states/

So we can't afford to be the world's policemen anymore? We left Afghanistan, what happened to the money that was being spent there?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is Biden also causing inflation in Germany? https://www.marketwatch.com/amp/story/german-inflation-rises-at-fastest-pace-in-almost-30-years-271639120086

Or the UK? https://amp.theguardian.com/business/live/2021/dec/06/supply-chain-disruption-omicron-uk-economy-german-factories-builders-eurozone-business-live

It’s almost like there are some global factors causing this and isn’t the result of comedy policies?

U.K. and German inflation is at 3-4%. The U.S. is DOUBLE that. Biden is doing something wrong and we will end up at 10% inflation in first quarter 2022 if he doesn't reverse course.

The only countries higher than the U.S. last month was f**king Venezuela, Turkey, Brazil, Russia, and Mexico.

m
So we have a squad that wants us to be like Venezuela and a GOP that thinks Turkey, Brazil, and Russia are great role models.

the US is actually in a similar situation then other Western countries, republicans try to paint the picture that the US is an outlier just because they cannot blame Biden if other countries are in a similar situation. annual inflation in italy is actually 3.7% https://www.money.it/Italia-inflazione-novembre-2021 , which is a lot considering that at the start of the pandemic the economy was basically in a recession with near zero inflation.

That is literally HALF the U.S. inflation numbers. Do you understand that? NOT. F&&KING. GOOD.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is Biden also causing inflation in Germany? https://www.marketwatch.com/amp/story/german-inflation-rises-at-fastest-pace-in-almost-30-years-271639120086

Or the UK? https://amp.theguardian.com/business/live/2021/dec/06/supply-chain-disruption-omicron-uk-economy-german-factories-builders-eurozone-business-live

It’s almost like there are some global factors causing this and isn’t the result of comedy policies?

U.K. and German inflation is at 3-4%. The U.S. is DOUBLE that. Biden is doing something wrong and we will end up at 10% inflation in first quarter 2022 if he doesn't reverse course.

The only countries higher than the U.S. last month was f**king Venezuela, Turkey, Brazil, Russia, and Mexico.

m
So we have a squad that wants us to be like Venezuela and a GOP that thinks Turkey, Brazil, and Russia are great role models.

the US is actually in a similar situation then other Western countries, republicans try to paint the picture that the US is an outlier just because they cannot blame Biden if other countries are in a similar situation. annual inflation in italy is actually 3.7% https://www.money.it/Italia-inflazione-novembre-2021 , which is a lot considering that at the start of the pandemic the economy was basically in a recession with near zero inflation.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem is with far too much spending than the country can afford. Spending far beyond what any taxation could possibly pay for

Whichever party is more responsible for spending too much is the one to blame for inflation.

Hello, GOP, who passed an unfunded multi-trillion dollar tax cut that exploded the debt and deficit spending when it wasn't needed.

Tax revenues are higher every year.

Spending needs to go lower every year to match.

Tax revenues go up.

Spending never goes down.

It’s a spending problem.

it's a speding and taxing problem and a taxing problem mostly. GOP is hard core tax cutting, but cut spending only on programs that their $$$$$ donors could not care less (education, healthcare, medicare-medicaid and so on). every GOP presidency in the past decades saw huge tax cuts to high earners and same or increase spending on defense, support for oil and so on. see Bush who passed a tax cut and started two wars at the same time putting them on credit. similarly, Trump passed gigantic tax cuts for super rich, while giving the defense department even more than it requested but cutting foreign aid that is a negligible part of the budget but help the US keep its clout and influence.

if the tax cuts passed by the GOP were even just partially reversed, we would be in better shape. we are becoming one of those third world countries where rich people live in gated communities and send their kids to private schools and use private hospitals, and everybody else live in poverty. that's usually the recipe to eventually get a Venezuela - style revolution.

Anonymous wrote:

Anonymous wrote:Is Biden also causing inflation in Germany? https://www.marketwatch.com/amp/story/german-inflation-rises-at-fastest-pace-in-almost-30-years-271639120086

Or the UK? https://amp.theguardian.com/business/live/2021/dec/06/supply-chain-disruption-omicron-uk-economy-german-factories-builders-eurozone-business-live

It’s almost like there are some global factors causing this and isn’t the result of comedy policies?

U.K. and German inflation is at 3-4%. The U.S. is DOUBLE that. Biden is doing something wrong and we will end up at 10% inflation in first quarter 2022 if he doesn't reverse course.

The only countries higher than the U.S. last month was f**king Venezuela, Turkey, Brazil, Russia, and Mexico.

m
So we have a squad that wants us to be like Venezuela and a GOP that thinks Turkey, Brazil, and Russia are great role models.