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Inflation surges 7% in December, highest rate in 40 years

anatta said:
man. Great Buddha help the senior citizen on fixed incomes
7% is getting there.. the pain is gonna really hit when the fed start raising rates for everyone
It has no choice with inflation with no end in sight

Funny how trumps recovery didn't have inflation
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Trump averaged just 1% economic growth, the worst since Hoover. Funny how inflation only happens when people have money.
 
Conservative said:
Isn't it stunning how the left talks about how great the Biden economy is then supports massive spending programs to boost the economy?
Click to expand...
They talk about rising incomes but neglect to talk about inflation rising faster. Liars. They exaggerate everything to keep their base stirred up and scared and filled with hate.
 
MTAtech said:
real GDP growth was:
2017: ~2%
2018: ~3%
2019: ~2%
2020: minus 3.2%
average 1% per year.
Click to expand...
It went way over his head
and He will disagree with you on that one till hell freezes over
Good luck
Have a nice night
 
Tbird19482 said:
WHAT RESULTS?????????????????????
Click to expand...
well I guess running up the national debt 6.8Trillion in 4years is one result of his policies ( and the right can be really proud of )
getting out of Afghanistan after giving the Taliban everything they have been fighting for and we fought against for 20 years and leaving a lot of it to be cleaned up By Biden
I guess that is a result
He didn't change anything on the economy that Obama did already start except give the rich the biggest tax cut ever and as I pointed out ran the debt up almost as much as Obama did
and Trump did it all in 4 years and didn't even have a recession to fight
YEP really great Results
Have a nice night
 
ElChupacabra said:
But rhetoric isn't a result. What has rhetoric done to hurt you and your family?
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exactly and yet you voted for the liberal rhetoric ignoring the liberal results. I am part of the low approval ratings for Trump, are you part of the low approval ratings for Biden? I voted for Trump being one of the 74 million and did so because of results generated by his policies. I didn't vote for Biden as I couldn't vote for his results
 
MTAtech said:
real GDP growth was:
2017: ~2%
2018: ~3%
2019: ~2%
2020: minus 3.2%
average 1% per year.
Click to expand...
Forry kid but no link and nothing changes this reality. You are doing what every liberal does ignores dollar growth. Not sure what is wrong with people supporting the left who cannot admit when wrong. Negative GDP growth would be a recession when was that recession in 2017-2019


 
MTAtech said:
real GDP growth was:
2017: ~2%
2018: ~3%
2019: ~2%
2020: minus 3.2%
average 1% per year.
Click to expand...
Reality doesn't exist in the liberal world nor does the ability to admit when wrong. Never see links supporting your claim and when you do post charts they lack context.


Then since the topic of this thread is inflation here is the inflation for 2017-2019

https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi.

Table 1.1.5. Gross Domestic Product
[Billions of dollars]
Bureau of Economic Analysis
Last Revised on: December 22, 2021 - Next Release Date January 27, 2022
Line2016201720182019
Line
1Gross domestic product
18695.1​
19479.6​
20527.2​
21372.6​
 
Conservative said:
Reality doesn't exist in the liberal world nor does the ability to admit when wrong. Never see links supporting your claim and when you do post charts they lack context.


Then since the topic of this thread is inflation here is the inflation for 2017-2019

https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi.

Table 1.1.5. Gross Domestic Product
[Billions of dollars]
Bureau of Economic Analysis
Last Revised on: December 22, 2021 - Next Release Date January 27, 2022
Line2016201720182019
Line
1Gross domestic product
18695.1​
19479.6​
20527.2​
21372.6​
Click to expand...
I present numbers in post #806. Those numbers are neither liberal or conservative. They are just facts.

The problem with your post is that Trump was president for four years, not just three. Only counting the first three good years and ignoring the sour year, is like a Vegas gambler that only counts his winnings but not his loses. You may counter by saying the pandemic wasn't Trump's fault, which is arguable but the current moderate inflation isn't Biden's fault either -- but you are not at all prone to give him a pass as you give Trump. As been shown, the current inflation wasn't caused by any Biden policies. So no, Trump doesn't get to be graded on a curve.

Reality DOES exist in the liberal world but clearly not in your world. The REALITY is that real GDP growth was:
2017: ~2%
2018: ~3%
2019: ~2%
2020: minus 3.2%
That means his entire presidency had an average annual GDP growth of 1% per year.
 
MTAtech said:
I present numbers in post #806. Those numbers are neither liberal or conservative. They are just facts.

The problem with your post is that Trump was president for four years, not just three. Only counting the first three good years and ignoring the sour year, is like a Vegas gambler that only counts his winnings but not his loses. You may counter by saying the pandemic wasn't Trump's fault, which is arguable but the current moderate inflation isn't Biden's fault either -- but you are not at all prone to give him a pass as you give Trump. As been shown, the current inflation wasn't caused by any Biden policies. So no, Trump doesn't get to be graded on a curve.

Reality DOES exist in the liberal world but clearly not in your world. The REALITY is that real GDP growth was:
2017: ~2%
2018: ~3%
2019: ~2%
2020: minus 3.2%
That means his entire presidency had an average annual GDP growth of 1% per year.
Click to expand...
I posted the link to the real data where is your link? The only thing arguable is why you refuse to admit when wrong For some reason you have extreme loyalty to the liberal ideology ignoring that loyalty put an incompetent into the WH

YouTube

www.youtube.com
 
MTAtech said:
I present numbers in post #806. Those numbers are neither liberal or conservative. They are just facts.

The problem with your post is that Trump was president for four years, not just three. Only counting the first three good years and ignoring the sour year, is like a Vegas gambler that only counts his winnings but not his loses. You may counter by saying the pandemic wasn't Trump's fault, which is arguable but the current moderate inflation isn't Biden's fault either -- but you are not at all prone to give him a pass as you give Trump. As been shown, the current inflation wasn't caused by any Biden policies. So no, Trump doesn't get to be graded on a curve.

Reality DOES exist in the liberal world but clearly not in your world. The REALITY is that real GDP growth was:
2017: ~2%
2018: ~3%
2019: ~2%
2020: minus 3.2%
That means his entire presidency had an average annual GDP growth of 1% per year.
Click to expand...
Your problem is far too many are hypocrites who claimed they wanted the 2020 BIPARTISAN economic shutdown to stop the spread of the virus when the reality is they wanted the negative economic results to blame on Trump. You are doing exactly that ignoring economic results from policies and economic results from the pandemic. What exactly did you expect the economy to do with the shutdown?

And oh by the way this thread is about inflation, what was the inflation rate in 2020 since the results are what you want to blame on Trump?
 
Conservative said:
900 billion per year 2017-2019 that isn't 1%
Click to expand...
he was president from 2017-2020. When you subtract an entire year for a president, or add an entire year for a president, that doesn't actually change reality. Trump had the worst economic record of any modern president going back to Hoover. That is indisputable.
 
Conservative said:
I posted the link to the real data where is your link? The only thing arguable is why you refuse to admit when wrong For some reason you have extreme loyalty to the liberal ideology ignoring that loyalty put an incompetent into the WH

YouTube

www.youtube.com
Click to expand...
No you didn't post the link to the real data. You posted a link to the generic BEA site. But it doesn't vindicate your position at all. Your argument is that Trump's numbers are only 2017-2019 -- pretending that he wasn't president in 2020, and therefore rated on his entire presidency, 2017-2020. This isn't a college course where for the final grade the students are allowed to disregard their lowest grade.

Where is my data from? The Federal Reserve Economic Data (FRED), which uses BEA data.
fredgraph.png
 
Integrityrespec said:
They talk about rising incomes but neglect to talk about inflation rising faster. Liars. They exaggerate everything to keep their base stirred up and scared and filled with hate.
Click to expand...
Incomes for the bottom 25% continued to rise faster than inflation.
 
MTAtech said:
No you didn't post the link to the real data. You posted a link to the generic BEA site. But it doesn't vindicate your position at all. Your argument is that Trump's numbers are only 2017-2019 -- pretending that he wasn't president in 2020, and therefore rated on his entire presidency, 2017-2020. This isn't a college course where for the final grade the students are allowed to disregard their lowest grade.

Where is my data from? The Federal Reserve Economic Data (FRED), which uses BEA data.
fredgraph.png
Click to expand...
Understand completely you want to blame Trump for the pandemic results coming from the BIPARTISAN economic shutdown posting out of context data. I don't see the negative GDP growth you posted but as the FEDERAL RESERVE DATA doesn't refute the Treasury data posted in BEA.gov
 
Conservative said:
Your problem is far too many are hypocrites who claimed they wanted the 2020 BIPARTISAN economic shutdown to stop the spread of the virus when the reality is they wanted the negative economic results to blame on Trump. You are doing exactly that ignoring economic results from policies and economic results from the pandemic. What exactly did you expect the economy to do with the shutdown?

And oh by the way this thread is about inflation, what was the inflation rate in 2020 since the results are what you want to blame on Trump?
Click to expand...
Conservative said:
Understand completely you want to blame Trump for the pandemic results coming from the BIPARTISAN economic shutdown posting out of context data. I don't see the negative GDP growth you posted but as the FEDERAL RESERVE DATA doesn't refute the Treasury data posted in BEA.gov
Click to expand...
What you are arguing, again, is that Trump should get a pass for the economy in 2020. Sorry, no other president got a pass. Obama didn't get a pass for the Great Recession that he inherited; Jimmy Carter didn't get a pass for the recession that was intentionally created by the Fed to lower inflation; FDR didn't get a pass for the Great Depression that he inherited and Biden didn't get a pass for current inflation.

Some would argue that had Trump been more aggressive in the beginning of the pandemic, instead of downplaying it, the economic damage would have been mitigated, and therefore, he is responsible. I am not arguing that. I am merely stating that presidents get the hand that they are dealt, regardless of whether it's someone else's doing. As such, Trump doesn't get to pretend that 2020 didn't exist and exclude it.
 
MTAtech said:
real GDP growth was:
2017: ~2%
2018: ~3%
2019: ~2%
2020: minus 3.2%
average 1% per year.
Click to expand...
Well you know how it goes; you don't count the downturns, so only 2017-2019 matter. That's why inflation just magically comes off the Biden performance tally sheet.
🤭
 
Upgrading the Postal Service could be the most straight forward.

The Postal Service is a secret giant, generating about $71 billion in annual sales, including $23 billion in parcel revenue during 2019. UPS had about $76 billion in sales and $46 billion in U.S. package revenue over that span, while the numbers for FedEx are $69 billion and $48 billion.

www.barrons.com

The Post Office Is Always Losing Money. It’s Not Its Fault.

The Postal Service has been losing money for years, but the need for mail-in ballots during the election has sharpened the focus on the carrier.
www.barrons.com www.barrons.com
Click to expand...
 
MTAtech said:
What you are arguing, again, is that Trump should get a pass for the economy in 2020. Sorry, no other president got a pass. Obama didn't get a pass for the Great Recession that he inherited; Jimmy Carter didn't get a pass for the recession that was intentionally created by the Fed to lower inflation; FDR didn't get a pass for the Great Depression that he inherited and Biden didn't get a pass for current inflation.

Some would argue that had Trump been more aggressive in the beginning of the pandemic, instead of downplaying it, the economic damage would have been mitigated, and therefore, he is responsible. I am not arguing that. I am merely stating that presidents get the hand that they are dealt, regardless of whether it's someone else's doing.
Click to expand...
No, what you are doing is typical liberal BS focusing on pandemic results not economic results from policies then you compare Biden's results to those pandemic results ignoring that the Biden economic policies wiped out the wage gains generated in 2021 with 7 % inflation. You also as usual ran from the inflation numbers in 2017-2019 also running from the GDP percentage Trump inherited(1.6%) in 2016 which is stunning since percentage growth is so important to you
 
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