Bidenflation still out of control

[KLATTU]

The Latest Inflation Report Is Even Worse Than It Looks​

Over the summer, President Biden declared, “Today, we received news that our economy had zero percent inflation in the month of July — zero percent.” What this meant was that prices were flat in July relative to June. In August, inflation ticked back up, but only modestly — at 0.1 percent.

A deeper look at the numbers in both months, however, showed that in order to have relatively flat inflation over those two months, it took a substantial drop in gas prices — 7.7 percent in July and 10.6 percent in August. Food prices rose significantly in both months, as did the cost of medical care and shelter. In the September report, gas prices were down 2.7 percent. With less help from gas prices, month-over-month inflation picked up to 0.4 percent overall in today’s report."


You know what that means?? more green energy spending, er uh I man another inflation reduction bil!!
LAFFRIOT

 

[Mycroft]

The Latest Inflation Report Is Even Worse Than It Looks​

Over the summer, President Biden declared, “Today, we received news that our economy had zero percent inflation in the month of July — zero percent.” What this meant was that prices were flat in July relative to June. In August, inflation ticked back up, but only modestly — at 0.1 percent.

A deeper look at the numbers in both months, however, showed that in order to have relatively flat inflation over those two months, it took a substantial drop in gas prices — 7.7 percent in July and 10.6 percent in August. Food prices rose significantly in both months, as did the cost of medical care and shelter. In the September report, gas prices were down 2.7 percent. With less help from gas prices, month-over-month inflation picked up to 0.4 percent overall in today’s report."


You know what that means?? more green energy spending, er uh I man another inflation reduction bil!!
LAFFRIOT

It's all the Saudis fault.

(That's the latest excuse, anyway.)

 

[ultmd]

It's all the Saudis fault.

(That's the latest excuse, anyway.)

Inflation is out of control.

That's inarguable.

The myth/lie is that Biden, or any other POTUS can do much (if anything) about it.

Notice that all of the rabid Biden-attackers share one thing in common: NONE of them....NOT ONE....even pretends to have ANY concrete policy proposals to bring inflation under contol.

The Right literally has no policy ideas. And even when challenged, they can't pretend to have any ideas.

The goal is just power.

If either of you two doubt the above...here's your chance. List for us here some policy ideas that would bring inflation under control.

If/when you can't.....consider apologizing for saying moronic things like "Bidenflation".

 

[Ambig]

A deeper look at the numbers in both months, however, showed that in order to have relatively flat inflation over those two months, it took a substantial drop in gas prices — 7.7 percent in July and 10.6 percent in August.

Yeah, Saudis and Russians. It happens.

 

[Grandpappy]

And now let's get real. Green energy insanity and bad policy caused this.
It wasn't Trump. Sorry

 

[TheParser]

It's just shows how contemptuous the nominal President is of the American people.

If he had any genuine respect for us little people, he would level with us and admit that inflation is hurting many ordinary people (of course, not privileged characters from Delaware!).

 

[ultmd]

And now let's get real. Green energy insanity and bad policy caused this.
It wasn't Trump. Sorry

Case in point.....

@Grandpappy ..... the above is utterly ridiculous.

There are precisely ZERO economists out there willing to argue that "green energy and bad policy" are the reason Inflation was 8.2% last month.

NONE. You don't have the first freaking clue as to what causes inflation, do you?

As I just said, you people don't even PRETEND to have credible ideas, explanations or solutions.

 

[tres borrachos]

The Latest Inflation Report Is Even Worse Than It Looks​

Over the summer, President Biden declared, “Today, we received news that our economy had zero percent inflation in the month of July — zero percent.” What this meant was that prices were flat in July relative to June. In August, inflation ticked back up, but only modestly — at 0.1 percent.

A deeper look at the numbers in both months, however, showed that in order to have relatively flat inflation over those two months, it took a substantial drop in gas prices — 7.7 percent in July and 10.6 percent in August. Food prices rose significantly in both months, as did the cost of medical care and shelter. In the September report, gas prices were down 2.7 percent. With less help from gas prices, month-over-month inflation picked up to 0.4 percent overall in today’s report."


You know what that means?? more green energy spending, er uh I man another inflation reduction bil!!
LAFFRIOT

You think inflation is funny? How weird. But then again all the people on the right these days hate the world.

 

[tres borrachos]

And now let's get real. Green energy insanity and bad policy caused this.
It wasn't Trump. Sorry

What green energy? No laws have been passed.

And how did Biden's policy (whatever that may be) impact inflation all over the world? I was just in Europe on business for a week. Inflation is out of control there. Please post something to prove the Biden did that. I'll wait.

 

[Mr Person]

It's just shows how contemptuous the nominal President is of the American people. If he had any genuine respect for us little people, he would level with us and admit that inflation is hurting many ordinary people (of course, not privileged characters from Delaware!).

Trumpism: a magnificent display of political malignancy.

The Trumpist either is spewing anti-Biden attacks from a state of complete ignorance or more likely knows for a fact that Biden has repeatedly has said that inflation is hurting us all.

Ditto regarding his attempt to personally blame Biden for inflation. He perhaps has no clue but almost certainly does know that the main drivers of the inflation have been a ****ed up supply chain meeting pent up demand and energy price increases caused by Russia's invasion of Ukraine as well as its fallout. They want to not only dishonestly pretend it is exclusively caused by bailouts that averted massive recession, but that it in fact was exclusively caused by one of three: the one under Biden.

That's Trumpism for you.

Remember all those years they insisted that Obama blew up the economy that actually collapsed two years if not a bit more before he took office? (And then, after several years of that, shifted to "well....it didn't get better fast enough. Yeah, that's it! Not fast enough!"). Perhaps they're just mad they don't have a 10 year recession to complain about?

Extra credit: note the idiotic (and stolen) attempt to make the tone more nefarious through the unwarranted use of "admit".

And now let's get real. Green energy insanity and bad policy caused this.
It wasn't Trump. Sorry

The thread is about inflation. Jesus. And you were the first person to post "Trump" in this thread.

 

[Chillfolks]

How long before the administration admits this inflation is not as transitory as they wanted people to believe?

 

[Mr Person]

It's all the Saudis fault.

(That's the latest excuse, anyway.)

Because OPEC slashing oil production does nothing to the price of oil on the world oil market, which in turn therefore cannot do anything to inflation ever.

Thank you for another stink bomb, Mycroft.

 

[Mr Person]

How long before the administration admits this inflation is not as transitory as they wanted people to believe?

At random,

Q Mr. President, a year ago, the administration was saying that inflation was transitory. That’s obviously not the case now. How long do you think it will be until we see prices coming down?​

​

THE PRESIDENT: I’m not going to predict that. It ranges depending on which economists you’re talking to. By the end of this year, and some say it’s going to be — it’s going to increase next year. But there’s others who say by the end of this year you’re going to see it come down — by the calendar year. ​

​

I don’t know, but I know what we have to do to make sure that we can bring it down.​

Remarks By President Biden on the Economy | The White House

11:58 A.M. EDTTHE PRESIDENT: Good morning. Today I’d like to talk about two potential paths forward to address the number-one challenge facing

www.whitehouse.gov

And that's this May. He certainly doesn't seem to have been saying it was expected to be transitory then. I have to wonder when the last time was that he said "it is transitory". But then, hyperpartisan potshots are never honest.... just gotta look like zingers.





Extra credit: note the attempt to use the word "admits" to make things sound nefarious.

 

[Chillfolks]

At random,

Q Mr. President, a year ago, the administration was saying that inflation was transitory. That’s obviously not the case now. How long do you think it will be until we see prices coming down?​

​

THE PRESIDENT: I’m not going to predict that. It ranges depending on which economists you’re talking to. By the end of this year, and some say it’s going to be — it’s going to increase next year. But there’s others who say by the end of this year you’re going to see it come down — by the calendar year. ​

​

I don’t know, but I know what we have to do to make sure that we can bring it down.​

Remarks By President Biden on the Economy | The White House

11:58 A.M. EDTTHE PRESIDENT: Good morning. Today I’d like to talk about two potential paths forward to address the number-one challenge facing

www.whitehouse.gov

And that's this May. I have to wonder when the last time was that he said "it is transitory".



Extra credit: note the attempt to use the word "admits" to make things sound more nefarious.

Spoken like someone who believed the presidents words instead of their own lying eyes

 

[Roadvirus]

It's all the Saudis fault.

(That's the latest excuse, anyway.)

That's one he doesn't have on his Blame Game Wheel

 

[Lovebug]

It's just shows how contemptuous the nominal President is of the American people.

If he had any genuine respect for us little people, he would level with us and admit that inflation is hurting many ordinary people (of course, not privileged characters from Delaware!).

He should apologize to the world for causing the inflation.

 

[Lisa]

And now let's get real. Green energy insanity and bad policy caused this.
It wasn't Trump. Sorry

Inflation is a worldwide issue post-Covid19.

TOKYO/BERLIN/NEW YORK/BEIJING -- The global economy in April-June logged its first quarter of negative growth since the coronavirus pandemic began two years ago, as mounting headwinds ranging from surging inflation in the West to zero-COVID restrictions in China weigh on economic activity.
Inflation in particular is a fault line in the world economy, which only stand to widen should a crisis break out in the Taiwan Strait or elsewhere. The U.S. and Europe now face a test on whether they can continue to lead global markets as they struggle to wean themselves from their dependence on cheap Russian energy and Chinese labor.
The worldwide economy contracted in April-June, according to the International Monetary Fund, with Yoshimasa Maruyama at SMBC Nikko Securities estimating that global GDP fell by 2.7%.
The U.S., Germany, the U.K. and China saw negative growth. The U.S. is now in a recession according to a narrow technical definition after its GDP fell for a second quarter in a row. The U.K. will enter into a recession in October-December and experience a contraction through 2023, the Bank of England predicted earlier this month.

Inflation drives global economy to first contraction since COVID

Countries walk tightrope between curbing prices and pulling plug on growth

asia.nikkei.com

 

[Mycroft]

Inflation is out of control.

That's inarguable.

The myth/lie is that Biden, or any other POTUS can do much (if anything) about it.

Notice that all of the rabid Biden-attackers share one thing in common: NONE of them....NOT ONE....even pretends to have ANY concrete policy proposals to bring inflation under contol.

The Right literally has no policy ideas. And even when challenged, they can't pretend to have any ideas.

The goal is just power.

If either of you two doubt the above...here's your chance. List for us here some policy ideas that would bring inflation under control.

If/when you can't.....consider apologizing for saying moronic things like "Bidenflation".

I can give you three "policy ideas" that will end the rise and reduce the level of inflation we are currently facing:

1. Immediately rescind all of the attacks on the oil industry.

2. Stop squandering billions and trillions of taxpayer dollars.

3. Force a negotiation to end the Ukraine/Russia war. (Or, stop spending taxpayer dollars on that war.)

US inflation is a result of all three of those things, but especially the attacks on the oil industry. The increase of fossil energy prices has caused the production of EVERYTHING in the US to increase...especially consumable items. THAT is the inflation that is hurting the American people.

(And I don't give a rat's ass about "the rest of the world". If they want to screw themselves, they can go ahead. We don't have to.)

 

[Linc]

Because OPEC slashing oil production does nothing to the price of oil on the world oil market, which in turn therefore cannot do anything to inflation ever.

Thank you for another stink bomb, Mycroft.

Lots of BOILing reich-wingers in this thread.

 

[Linc]

Inflation is a worldwide issue post-Covid19.

Inflation drives global economy to first contraction since COVID

Countries walk tightrope between curbing prices and pulling plug on growth

asia.nikkei.com

The austere 2023 MqQarthy House, along with Powell, will give us the recession the GOP wants next year.

 

[TheParser]

He should apologize to the world for causing the inflation.

Let's tell it as it is.

He is not smart enough to understand economics.

 

[Lisa]

Let's tell it as it is.

He is not smart enough to understand economics.

He has a double major from the University of Delaware and a JD from Syracuse. I think that he is very intelligent. the fact that you don't agree with him doesn't mean that he isn't intelligent.


Where do you go to college, both with undergrad and graduate degrees?

BTW, If you claim to know so much about economics, then explain to us how Biden caused it and how it can be rectified. Certainly, you are capable of doing that with the monumental knowledge of economics that you believe you possess.

 

[ultmd]

I can give you three "policy ideas" that will end the rise and reduce the level of inflation we are currently facing:

1. Immediately rescind all of the attacks on the oil industry.

Are you serious?.... "attacks on the oil industry"???

What "attacks"? And how EXACTLY does an "attack on the oil industry" create run-away inflation?

This is not a policy proposal. It's an statement of blind ideology...an empty political platitude, my friend.

Do you not understand how inflation works?

Hint: It has NOTHING to do with your emotions.

2. Stop squandering billions and trillions of taxpayer dollars.

Give examples please. Are you talking about infrastructure projects? If so, be specific....because no recent administration spent more than the Trump administration.

So again, this too means nothing unless you can give examples.

Can you explain how government spending leads to increased inflation?

3. Force a negotiation to end the Ukraine/Russia war. (Or, stop spending taxpayer dollars on that war.)

While it's no surprise to see you favoring anything that favors Putin and Russia....the above has virtually NOTHING to do with our current inflation.

This is a pro-Putin/Pro-Russia/anti-democracy argument....NOT an argument based upon any basic economic philosophy.

Again, I think it's obvious that you don't understand how inflation works.

US inflation is a result of all three of those things, but especially the attacks on the oil industry

Bullshit.

That's a political talking point, not a something that any respected economist is saying.

. The increase of fossil energy prices has caused the production of EVERYTHING in the US to increase...especially consumable items. THAT is the inflation that is hurting the American people.

That is NOT the cause of inflation today. Not oil prices. Not the absurd "attacks on oil". Not government spending (that you can't even describe).

In FACT, higher oil prices are a minor inflation factor in the current economy, while the other two are just empty FauxNews talking points that you and I both know you can't back up. But if you doubt any of this, please feel free to post links to reputable economists (as opposed to conservative pundits) who argue otherwise.

(And I don't give a rat's ass about "the rest of the world".

I have no idea what you're talking about here.

 

[TheParser]

He has a double major from the University of Delaware and a JD from Syracuse. I think that he is very intelligent. the fact that you don't agree with him doesn't mean that he isn't intelligent.


Where do you go to college, both with undergrad and graduate degrees?

BTW, If you claim to know so much about economics, then explain to us how Biden caused it and how it can be rectified. Certainly, you are capable of doing that with the monumental knowledge of economics that you believe you possess.

Like most people, I do not understand economics at all.

I happen to agree with those people who feel that Mr. Biden is, well, dumb.

You apparently are impressed by his "double major." Good for you! I am not very smart, but I AM smart enough to never, ever gainsay someone with a different opinion.

 

[Lisa]

Like most people, I do not understand economics at all.

I happen to agree with those people who feel that Mr. Biden is, well, dumb.

You apparently are impressed by his "double major." Good for you! I am not very smart, but I AM smart enough to never, ever gainsay someone with a different opinion.

I do understand economics to some extent. (2 college classes in econ).

A double major is never easy. To top off a double major with a Juris Doctorate from Syracuse is evidence that he is quite intelligent.