Inflation has people hopping mad

[grip]

This is going to cost Biden and the Dems 'big time' in the 2022 midterms if inflation doesn't subside or more stimulus checks aren't issued.




- Bernice Rink didn't need to see this week's eye-popping inflation report to know that prices are getting painfully high. She can see it every time she goes to the supermarket.

"Oh my God," says Rink, "you can hardly buy groceries."

Prices of everyday items have surged during the pandemic, thanks to a toxic combination of staffing shortages and supply chain woes. The rising prices are souring the national mood and taking a political toll on President Biden.

Energy prices are among the biggest drivers of inflation. Rink is paying almost 50% more for gasoline now than she did a year ago, and 28% more for the natural gas that she uses to heat her house.

Both the White House and the Federal Reserve have described this inflationary spike as a temporary byproduct of the pandemic, which has snarled supply chains and kept a lot of people out of work.

Like the pandemic, though, price hikes don't appear to be going away any time soon.

Biden acknowledges the hardship that higher prices are causing.

"Everything from a gallon of gas to a loaf of bread costs more," he told a crowd in Baltimore on Wednesday. "And it's worrisome, even though wages are going up."

 

[Callen]

Probably, not that Biden has much to do with its cause or the solution. However, it is what it is and politicians wear it rightly or wrongly. Inflation......a gift sent to the Republicans who pray it stays high.....such patriots.

 

[BroHaHa]

Part of the problem is labor shortages. More stimulus would only make that worse.

 

[grip]

Part of the problem is labor shortages. More stimulus would only make that worse.

Labor shortages due to lack of paying living wages. Inflation hurts the poor the most.

 

[Callen]

More stimulus would only make that worse.

Specifically what stimulus are you speaking of that would cause labour shortages?

 

[BroHaHa]

Specifically what stimulus are you speaking of that would cause labour shortages?

Any stimulus that would result in even more people not working.

 

[BroHaHa]

Labor shortages due to lack of paying living wages. Inflation hurts the poor the most.

Is that how that works? People don't make much money, so they don't work, and somehow they make more that way?

 

[Callen]

Any stimulus that would result in even more people not working

OK.....and what would that be?

 

[BroHaHa]

Labor shortages due to lack of paying living wages. Inflation hurts the poor the most.

Not to mention, what do you think happens to inflation if all of a sudden everyone got paid " a living wage?"

 

[element94]

Part of the problem is labor shortages. More stimulus would only make that worse.

More and more won't work shit jobs for shit money, and some won't even work them for better money. If they're finding alternate forms of income (not governmnent handouts) then who can blame them?

 

[grip]

Not to mention, what do you think happens to inflation if all of a sudden everyone got paid " a living wage?"

If corporate greed were in check, then the middle class would rebound which means more spending, increasing corporate profits.

 

[BroHaHa]

OK.....and what would that be?

I'm not sure what you're looking for. I'm describing a general principle. Like, "If the price of butter gets too high, people will buy margarine instead." I'm confident that that principle is true, but it doesn't mean I can tell you exactly the price point at which people stop buying butter.

 

[BroHaHa]

More and more won't work shit jobs for shit money, and some won't even work them for better money. If they're finding alternate forms of income (not governmnent handouts) then who can blame them?

What "alternate forms of income" would they find besides employment or government handouts?

 

[BroHaHa]

If corporate greed were in check, then the middle class would rebound which means more spending, increasing corporate profits.

You didn't answer the question. What would happen to INFLATION if all of a sudden everyone started making whatever your planned economy says they should make?

 

[iguanaman]

This is going to cost Biden and the Dems 'big time' in the 2022 midterms if inflation doesn't subside or more stimulus checks aren't issued.




- Bernice Rink didn't need to see this week's eye-popping inflation report to know that prices are getting painfully high. She can see it every time she goes to the supermarket.

"Oh my God," says Rink, "you can hardly buy groceries."

Prices of everyday items have surged during the pandemic, thanks to a toxic combination of staffing shortages and supply chain woes. The rising prices are souring the national mood and taking a political toll on President Biden.

Energy prices are among the biggest drivers of inflation. Rink is paying almost 50% more for gasoline now than she did a year ago, and 28% more for the natural gas that she uses to heat her house.

Both the White House and the Federal Reserve have described this inflationary spike as a temporary byproduct of the pandemic, which has snarled supply chains and kept a lot of people out of work.

Like the pandemic, though, price hikes don't appear to be going away any time soon.

Biden acknowledges the hardship that higher prices are causing.

"Everything from a gallon of gas to a loaf of bread costs more," he told a crowd in Baltimore on Wednesday. "And it's worrisome, even though wages are going up."

Higher energy prices raise the cost of everything. There is no way around it, The oil companies are doing REALLY well too. Their profits are thru the roof. That should make us all happy right?

Angry about gas prices? Blame Wall Street​

https://www.cnn.com/2021/11/12/business/oil-gas-biden-portugal-tesla-nightcap/index.html

 

[armycowboy]

More and more won't work shit jobs for shit money, and some won't even work them for better money. If they're finding alternate forms of income (not governmnent handouts) then who can blame them?

The "I got mine, **** everyone else" crowd believes that people they consider beneath them, should work jobs for crap wages, so that they won't have to experience the inconvenience of inflation.

 

[BroHaHa]

If corporate greed were in check, then the middle class would rebound which means more spending, increasing corporate profits.

Two more things:

1. I'm going to bet that corporations understand exactly what situations would result in their greatest profitability and if they thought it would be what you are advocating, that's the way it would be.

2. If paying people more money would expand the economy so well, why are we 'effing around with $15 minimum wage ideas? Why not make the minimum wage $200 an hour? Let's really energize the economy, if that's the effect it has with no negative side effects.

 

[BroHaHa]

The "I got mine, **** everyone else" crowd believes that people they consider beneath them, should work jobs for crap wages, so that they won't have to experience the inconvenience of inflation.

That's one way to look at it. The other way is that people who haven't bothered to develop a marketable skills set despite having public schools and easy government student loans to do so have some nerve to act as though they are too good to perform unskilled labor.

 

[RealityNow]

Some people are too "Obsessed within Mental Blindness to Read and Acknowledge Truth"

• Trump started the cycle of Inflation over his 4 yrs, and elevated it with his Trade Wars, and made it even worst with his lying about COVID.
• His stand and fight AGAINST minimum wages hikes was to ensure that people become even more destitute, because its easier to dominate and control desperate people.
• Trump knew his constituency would rather be white indentured serf's than to be democracy respecting citizens in a society of human equality of person as individual.
• Trump knew by the long history of how these people accept being "gerrymandered into containment zones' will willing accept authoritarianism, so they could boast about their "wealthy serf masters". ( he shows that in detail, by doing every thing of malice and madness, which assured him, these people will worship their "SERF Master no matter what.

______________________________________________________

Information is easily available, but these "Trump Loving Serf's, simply won't read and many can't comprehend what they read". If they could, they'd know the set up and cycle of the current inflation was put in motion by Trump and the fact of the Global Pandemic pushed the entire world to have a economic slow down, in hopes to save peoples lives.
Trump did all he could to damage America people by trying to send them to work in places without any protections. and promoted people not to wear mask and led these imbeciles to fight against the vaccine. Which only contributed to the worsening of conditions, which also worsened the ability to contain the virus and rebuild the workforce into a more safer work environment and work environment that pay people a living wages.

Hitler did similar to the Germans who lusted over him... he never had a concern for the poor white Russians, his aims was for well to do and wealthy white Russian to rule over the poor whites Russians with an Iron Grip.

_______________________________

INFORMATION: For the Wise and Intelligent People... so they get TRUTH, to ensure they don't get hung up in Right Wing Spin...

quotes​

Refinery closures decreased U.S. refinery capacity during 2020​

As a result of several U.S. refinery closures in 2020, U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity in the United States, dropped 4.5% to a total of 18.1 million barrels per calendar day (b/cd) at the start of 2021. The end-of-year 2020 total is 0.8 million b/cd less than the 19.0 million b/cd of refining capacity at the start of 2020. According to the data in our annual Refinery Capacity Report, the beginning of 2021 marks the lowest annual capacity figure to start the year since 2015. Based on information reported to us in our recent update, U.S. refining capacity will not expand significantly during 2021.

At the beginning of 2021, 129 refineries were either operating or idle in the United States (excluding U.S. territories), down from 135 operable refineries listed at the beginning of 2020. The additional refinery closures in the 2021 Refinery Capacity Report largely reflect the impact of responses to COVID-19 on the U.S. refining sector.

____________________________

Additional Information for Thinking Minds.

Look at what happen in the past 4 yrs.

2020	$87.41
2019	$85.45
2018	$83.85
2017	$82.12
2016	$80.45

That's $6.96 diminished value of what $10 use to purchase. The tax cut to the public did not help that situation, because the average citizen based on the average income, only gain an average of $2.xx -$3.xx per day. Factoring that would mean, the actual tax benefit gain to the average income earner was still left in the "Negative"

end quote

 

[armycowboy]

That's one way to look at it. The other way is that people who haven't bothered to develop a marketable skills set despite having public schools and easy government student loans to do so have some nerve to act as though they are too good to perform unskilled labor.

So they should be paid shit wages? Just what I though, "I got mine, so **** you."

 

[element94]

What "alternate forms of income" would they find besides employment or government handouts?

I know of some that have monetized YouTube channels that have more than doubled their income from 2 years ago. Also, an Ebay seller I know that lost his job is now selling on Ebay exclusively and doesn't need to get another job. He studied hard to find products, found sources for some and is selling the items for ridculous amounts and people are paying them no questions asked. One of the things he's made a lot on is beauty products. People will pay many times the cost for something they really want but can't readily get.

 

[joko104]

Labor shortages due to lack of paying living wages. Inflation hurts the poor the most.

Labor shortage is from eliminating the need to have a job via the new American free-money socialism.

The goal is to hurt the middle and working class, including to eliminate the middle class. The more desperate Democrats can make ordinary people, the more they will have no choice but vote for national corporate-fascist socialism to survive. That is the sickening part. The more the Democratic Party destroys people's lives, the more people who will decide they have no choice but to vote for whoever offers anything for free so they can at least survive.

Why work when the government will give you enough to get by on if you don't? It has nothing to do with paying a living wage. It has to do with whether you must have a job to survive. Perpetual unemployment benefits whether you seek a job or not and the generosity of other social programs make it so many people have no need for a job. Having a welfare lifestyle is now a multi-generational career option more and more young people are opting for. Why? If a person can just get stoned, surf the Internet and play video games, why would that person take a job no matter what it paid?

Raising wages from $10 to $25 to $40 an hour doesn't change that - and the astronomical spending now means no matter how much wages rise the monetary value of that increase in spending power will still be lower. $15 an hour would have to be raised to over $26 an hour just to break even on the increase in gasoline prices as an example. Nor much of any reason to try to save any money because inflation erases it anyway. So why work?

 

[Callen]

Any stimulus that would result in even more people not working.

I'm not sure what you're looking for.

I' m looking for examples of what stimulus you think will result in people not working.

 

[joko104]

I know of some that have monetized YouTube channels that have more than doubled their income from 2 years ago. Also, an Ebay seller I know that lost his job is now selling on Ebay exclusively and doesn't need to get another job. He studied hard to find products, found sources for some and is selling the items for ridculous amounts and people are paying them no questions asked. One of the things he's made a lot on is beauty products. People will pay many times the cost for something they really want but can't readily get.

We made millions online. But the days of the Internet being the economic Wild West are coming to a close. We sold off/got rid of the last of our Internet business interests earlier this year. Those glory days are over for most. Ebay, Amazon etc are increasingly unwilling to share the wealth and their partnership with Google in additionally snuffing out small scale sellers. Elizabeth Warren was correct that Amazon and Google must be broken up - and they politically destroyed her for saying so. They are vastly to wealthy and powerful to be restrained by any laws - and Google is now more powerful than most governments in the world - and has total power over ours.

 

[joko104]

I' m looking for examples of what stimulus you think will result in people not working.

Jeff Bezos and Elan Musk need another stimulus check. They're barely getting by.