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How much buying power have you lost under Biden ?

Holy dysfunctional language, Batman.

How much buying power have you lost under Biden​

None. My buying power has increased. I have three more revolving accounts since Biden became your POTUS.

The average American has lost $4,200 in annual income since President Biden took office...

That sucks. My income has increased. Off the top of my head, close to $10,000. Don't be an average American would be my advice to ya.

What disingenuous claptrap. If you want to discuss inflation, do so. Do you know what inflation is?
 
Ah, the stupid dishonesty of so much in politics. The two-factor analysis of whether a thing was bad and what the letter is next to the current president's name; the analyzer poised to trollishly "dismiss" any discussion of whether the President actually caused the thing to occur when it might otherwise not, or whether if the president did cause a thing whether it was better than the alternative (recession/depression from failure to take any measures to juice the economy during COVID's height).

Absolutely meaningless, but so many seem to think that they perform the routine and *BOOM*, they owned the libs.
 
Mr Person said:
Ah, the stupid dishonesty of so much in politics.
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MAGA tabloids have that privilege. Their audience thinks "demand" is something Trump tells them.

For our poor misguided OP, @A Linoge, I give him NY Post repellant.

3.3 Demand, Supply, and Equilibrium – Principles of Macroeconomics

open.lib.umn.edu
 
Income is not the same as buying power. (because of inflation)
 
My investments made 14% in 2021 and 13% in 2022. This year I'm looking at 13% again at a minimum. Lost money in 2020, who was in charge then?

Most Americans are doing better than they think.
 
I think re-centering the national conversation around how you personally are doing (and less abstract opining about “the economy”) is an excellent idea. More of this, please.

 
This is inflation over the past year:


Independent, economic & financial data in real time on-chain | Truflation

Truflation: The definitive reference point for real world assets (RWA), indexes, and inflation. Access over 18M+ data points from 60+ data providers. Empower your decision-making today with Truflation.
truflation.com


Have you met your dumb thread quota for the day yet, A Linoge?
 

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element94 said:
And the vampires that recorded record profits during and post pandemic get a pass?
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what are you talking about vampires . And what have they got to biden destroying your buying power
 
A Linoge said:
what are you talking about vampires .
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Again, the ones who didn't suffer during the pandemic, and immediately after, by recording record profits. Huge tax cuts weren't enough to stop their grifting gouging at any opportunity
A Linoge said:
And what have they got to biden destroying your buying power
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First, no one else is running this story but the extremely questionable NY Post? To just lay it all on Biden is curious... no it's not! I'm not saying Biden, or Congress(!), is blameless.
To think we were going to recover from the pandemic without any consequences, other than the obvious, is naïve, but that shouldn't be carte blanche to gouge the citizenry. Do we value greedy capitalism in its vilest forum above all else?
 
A Linoge said:
what are you talking about vampires . And what have they got to biden destroying your buying power
Click to expand...

Buying power was shot to shit due to our response, or lack of one, to Covid. Who was running the show then?

My buying power is roughly the same now as it was in 2016. Maybe a hair higher. I'm getting paid more now than I was then, so even with inflation, I'm keeping pace. I will still be going on my biannual trip to my timeshare in Mexico this year. Didn't do it in 2020 or 2022, so take that for what you will.
 
anatta said:
inflation= reduced buying power, the article cites the "average American" has lost all household income gains made under Trump
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It was primarily due to Trump printing so much money, and corporate greed. Inflation doesn't happen instantly.
 

Simple answer is yes....unless it's golfer taking money directly from the Saudis instead of being paid to play in a tournament sponsored by a company that is 40% invested in by the Saudis. Then its a bridge too far.
 
I haven't read their methodology, but the government numbers are good enough.

April was +0.4% month-to-month, or 4.8% annually.

April was +4.9% year-to-year.

May's numbers are released on the 13th.

Inflation has been almost cut in half. Biden is doing well. The OP not so much.

CPI Home

www.bls.gov
 
bullseyelqcs said:
Simple answer is yes....unless it's golfer taking money directly from the Saudis instead of being paid to play in a tournament sponsored by a company that is 40% invested in by the Saudis. Then its a bridge too far.
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Yeah, that! There's no longer any serious way to deny that the almighty dollar is this country's only "god". Expect less and less to stand up for anything but the almighty dollar.
Previously held in check by what was left of this country's delusions of morality, has finally been defeated by the effects of the MAGA movement, making it immediately OK to side with those involved in the most deadly attack on this country's soil after just a brief eyebrow raise, but even the eyebrow raise will soon be gone.
 
anatta said:
inflation= reduced buying power, the article cites the "average American" has lost all household income gains made under Trump
Click to expand...
Um.......you know inflation is global right? Not caused by the US president, you know that right?
 
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