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We should be discovering how to best scale infrastructure capacity.
There was a period of deflation / disinflation early on in the pandemic. Do you really want to deny this fact?
The red line depicts 2% CPI growth. How can the CPI (blue line) fall beneath the red line if what i have stated is untrue?
Once again, you attempt to post in a deceptive manner, by using annual data to hide from the deflationary / disinflationary period during the early stages of the pandemic, while simultaneously omitting the veracity of my statement (disinflation).
Notice how you (once again) didn't post any data pertaining to wages and salary of the lower income demographic. Typical....
We know there has been inflation. If you're not picking cherries, attacking strawmen, clutching pearls... you'll beat a dead horse. All in an effort to push a partisan narrative.Let's look at that graph.
We know there has been inflation. If you're not picking cherries, attacking strawmen, clutching pearls... you'll beat a dead horse. All in an effort to push a partisan narrative.
But no reference to low income real wages. For your next response, maybe some poutrage about how inflation is making it tough for children...or the homeless. Or puppies. Maybe homeless children with puppies.
We know you're not above attempting to weaponize people's hardships in your quest to pwn libs.
So have at it.
I have not. You are simply trying to define my positions as a means to attack them (weak sauce). The pandemic has surely changed consumer preference, has led to a supply chain disruption, fiscal and monetary stimulus, etc... but that hasn't been part of our discussion.You attempted to argue that the highest inflation in 40 years was caused by the recovery from the 2020 COVID recession
Every exchange ends kind of like this, where you claim victory by insisting my responses actually support your positions. It's really weird.and then you have spent numerous posts proving your own argument is full of shit.
I have not. You are simply trying to define my positions as a means to attack them (weak sauce). The pandemic has surely changed consumer preference, has led to a supply chain disruption, fiscal and monetary stimulus, etc... but that hasn't been part of our discussion.
Will there be any posts showing the data for low income wage earners on an inflation adjusted basis? At least you had the sense to not try to hide behind homeless children with puppies.
Every exchange ends kind of like this, where you claim victory by insisting my responses actually support your positions. It's really weird.
SS and Medicaid are things people paid for, not free. I would agree if you said they have been terribly mismanaged, but they are in effect a commercial agreement between the govt and the contributors. Medicaid is the result of creating such an overall inefficient healthcare system that it costs twice the average of it's peers. Couple that with policies that have created the developed western worlds worst income inequality and you get too many people that can't afford healthcare.People not paying for things is a big problem, about 3 trillion a year. Were up to 30 trillion. Not rhetoric. Fact. Healthcare alone is responsible for the entire deficit.
SS and Medicaid are things people paid for, not free. I would agree if you said they have been terribly mismanaged, but they are in effect a commercial agreement between the govt and the contributors. Medicaid is the result of creating such an overall inefficient healthcare system that it costs twice the average of it's peers. Couple that with policies that have created the developed western worlds worst income inequality and you get too many people that can't afford healthcare.
Healthcare is not "responsible for the entire deficit", but I do agree that it is a major contributor. Not because it is 'free' to many, but because it cost the country $4T per year instead of the equivalent $2T to $3T that other countries achieve similar, or better, health outcomes with. Fix the massively excessive healthcare costs and the country could be running surplusses instead of deficits.
The SS and Medicare funds have been used as cheap money by the govt for years at the expense of building the real returns that could have left the funds with more money than they could ever spend. Other countries (3 I know about offhand are Canada, Norway, and New Zealand but there will be many more) have run commercially invested SS funds for decades. They all average close to 10% per annum returns vs the US funds where returns barely match inflation. It's been obvious for years that the 'ponzi scheme' design of the US funds was going to fail, but the various govts just continue to push the highly political/emotional problem out onto the next administration so they don't have to deal with it. Criminal really, but it keeps the voters mostly blissfully unaware. Just a little more borrowing and it can be the next guys problem.
I quoted you to point out the fact that you are cherry picking. You then went on do it again in an attempt score cheap points by ignoring the disinflationary part of my statement, and cite annual CPI percentage change to refute the deflationary period early on in the pandemic. It's not only desperate... at this point your posts are rather pathetic.You ran into this argument arguing that the inflation we are seeing is the recovery from the 2020 recession and then went on to prove your own argument is bullshit. There is really no other way to describe what you've done here.
Inflation actually eased last month.
I quoted you to point out the fact that you are cherry picking. You then went on do it again in an attempt score cheap points by ignoring the disinflationary part of my statement, and cite annual CPI percentage change to refute the deflationary period early on in the pandemic. It's not only desperate... at this point your posts are rather pathetic.
Inflation is high, output is high, asset valuations have soared,
and wages have more than kept up with inflation when we take a longer term view of the situation.
Once again, you didn't post anything to substantiate your earlier claim regarding wage gains for lower income earners... why is that?
What makes you think BBB will increase inflation, specifics please?Edit, sorry I meant 7%, 12% was a specific area.
White House briefing on this right now, says economy is awesome, we need to spend more, especially by giving people more free money through BBB.
Does anyone think that would increase or decrease inflation? I say increase.
Why do Righties seem to take pleasure in 7% inflation?Oh but, but, but... Historic wages growth compensates for all the above nothingburger.
This is where ya should have quit when you were behind. You talk a lot about people being partisan in this thread, but it's pretty obvious that your posts are by far the most partisan. I can't tell if this is an attempt at an honest debate (in which case you've pulled the wool over your own eyes) or you're just being argumentative for the sake of being argumentative because you've backed yourself into a corner. In any event, it's a really bad look.You're cherry picking and nothing else.
Hiding behind impoverished people isn't a valid debate strategy. I have to explain the basics to you.
You're such a champion for low wage workers
Nonsense. You're trying to cherry pick in a desperate attempt to own libs.
It is a cherry pick to attack a strawman and nothing else
Only if you cherry pick the time frames. If we take a longer approach (pre-pandemic levels) it's clearly not the case. Wages are up 1.6%.
By all means, do your own work. It's not my responsibility to research your positions. If you believe this is the case, why are you not providing evidence?
I haven't made any reference to low wage workers. You have... and you've also been unable to support your argument. The data is out there. Stop trying to use the poor as a shield for your partisanship. You don't give a ****... this is just a desperate act.
So far, here are responses to my posts:You keep accusing me of "cherry picking" while presenting charts that prove my point.
You are trying to argue that the spike in wages in 2020 means everything is great, ignoring that the "gains" (which really weren't) in 2020 have been falling ever since.
You have this bizarre position that we should ignore 40+% increases in essential costs because not all essentials increased that much, and it makes you look detached and clueless.
You are trying to hide the troubles of inflation on a large portion of the population by hiding behind average income charts.... or you can't tell the difference.
You keep arguing average wages and then pretend you are arguing low income wages. But keep going with your delusions.
You ran into this argument arguing that the inflation we are seeing is the recovery from the 2020 recession and then went on to prove your own argument is bullshit. There is really no other way to describe what you've done here.
These responses are schizophrenic. Notice how throughout this exchange, you make claims about my arguments and formulate a response to yourself. There hasn't been a single attempt to address my actual arguments other than to lie (which is on par with the cherry-pick / strawman) or to pretend you care about a specific demographic. It's all an act.You attempted to argue that the highest inflation in 40 years was caused by the recovery from the 2020 COVID recession and then you have spent numerous posts proving your own argument is full of shit.
Your opinion doesn't matter.This is where ya should have quit when you were behind.
Inflation is high because we have way more work than we currently have workers to do. While it sucks in the short term it is an indication that the Economy is incredibly strong and as COVID fades it's going to get even stronger. The only thing standing in the way of our Economy roaring back amazingly is ****ing morons who won't get vaccinated and Republican Governors who are actively trying to kill their own citizens.Edit, sorry I meant 7%, 12% was a specific area.
White House briefing on this right now, says economy is awesome, we need to spend more, especially by giving people more free money through BBB.
Does anyone think that would increase or decrease inflation? I say increase.
What makes you think BBB will increase inflation, specifics please?
Why do Righties seem to take pleasure in 7% inflation?
That's a compliment based on the quality of the opinions you've expressed in this thread. How embarrassing.Your opinion doesn't matter.
Opinions???That's a compliment based on the quality of the opinions you've expressed in this thread. How embarrassing.
The real reason for inflation comes from the increasing concentration of the US economy into the hands of a few giant corporations with the power to raise prices without fear of competition.The real point here is you have record inflation at a time when the govt is paying people not to work. You have shortages of labor and stuff, and massive dependency on govt. And their solution is do even more of the same? Its madness. GDP has been declining all year, debt has been increasing all year.
At what point will Biden get to the same conclusion as he did on COVID, that the federal govt isnt the solution? People are the problem. We dont need free child care, we need people to stop having children they cant afford to care for.