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

[rickc]

I guess Biden couldn’t have done anything to make things a little better. Not one single thing.

Typical Democrat nonsense

Unfortunately Biden is pretty much powerless to do anything. With 50 Republicans and 2 democrats in the Senate against him he is done. A lame duck in his first year.

 

[PeteTheGeek]

Unfortunately Biden is pretty much powerless to do anything. With 50 Republicans and 2 democrats in the Senate against him he is done. A lame duck in his first year.

That may be true, but I feel the Democrat Party as a whole could have done some things better…. It seems sometimes they try so hard to help people that they make things worse…

 

[Taylor]

The entire World is suffering from Inflation.

Nope.

Lots of countries under 3%. France, Australia, Switzerland, China, Saudi Arabia, Japan, Israel to name a few.

 

[Crakhobarbie]

Nope.

Lots of countries under 3%. France, Australia, Switzerland, China, Saudi Arabia, Japan, Israel to name a few.

And many many more with staggering inflation. Biden must have done something wrong in these countries as well.

Countries with the highest inflation rate 2024| Statista

At the end of 2024, Zimbabwe had the highest inflation rate in the world, at 736.11 percent change compared to the previous year. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central...

www.statista.com

 

[PeteTheGeek]

And many many more with staggering inflation. Biden must have done something wrong in these countries as well.

Countries with the highest inflation rate 2024| Statista

At the end of 2024, Zimbabwe had the highest inflation rate in the world, at 736.11 percent change compared to the previous year. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central...

www.statista.com

No. It must have been Trump. Trump bad, Biden good…

 

[Kushinator]

I’m explaining the law of supply and demand with an example. Please try to keep up…

You're showing the forum a level of extreme ignorance... that is all. Not once have you even attempted to employ the requisite theory necessary to detail how 2021's fiscal policy response has been the catalyst for inflation.

For starters, the majority of stimulus was appropriated in 2020, and U.S. vaccination (which was paramount to reopening the economy) didn't begin to take hold until the 2nd quarter of 2021. Furthermore, zero-interest-rate-policy and various credit facilities were in full effect long before Biden won the election, and certainly before he took office. You are simply an easy target of manipulation based on fear mongering and a lack of knowledge regarding the subject matter.

 

[highroller]

Nope.

Lots of countries under 3%. France, Australia, Switzerland, China, Saudi Arabia, Japan, Israel to name a few.

Lots of “socialist” countries on that list

 

[highroller]

No. It must have been Trump. Trump bad, Biden good…

Your binary thinking is showing

 

[danielpalos]

Upgrading infrastructure can provide scale economy to the private sector.

 

[danielpalos]

We should plan for Pareto Optimal solutions whenever possible regarding upgrading infrastructure.

 

[Crakhobarbie]

No. It must have been Trump. Trump bad, Biden good…

Look Pete, your the one that came out solely blaming Biden for the inflation. I merely pointed out that there were other sources to consider, Donald's actions being one of them.

 

[danielpalos]

Let's task Academia with modular mass transit and mass storage solutions. We can optimize building the parts anywhere we can build a factory.

One scenario could envision modular mass transit replacement of existing mass transit and mass storage solutions with more modern modular mass transit with mass energy storage built-in; we can also improve technologies to place the upgraded infrastructure components.

We could replace freeways, for example, with upgraded modular capacity builtin for scale economy and supply-side purposes. In this manner, underground maglev technology in a potentially vacuum environment could be integrated with the freeway modular component. The public sector already has the rights of way and need merely improve technology to make better use of existing space.

 

[Taylor]

And many many more with staggering inflation. Biden must have done something wrong in these countries as well.

Time to retire that silly talking point. Inflation is not "worldwide" and where it does exist, it's often much less than what it is here.

 

[highroller]

Time to retire that silly talking point. Inflation is not "worldwide" and where it does exist, it's often much less than what it is here.

Who’s fault is that? Who's policies have been implemented? I will repeat it until the end of time that policies take time to take affect. Trump could not be judged until his policies took affect by 2019 and I will extend Biden the same grace period. (I just might give any dem more leninecy because the huge amount of control the Republicans have in this country.)

World inflation is 4.35% this past year.

 

[Kushinator]

Time to retire that silly talking point. Inflation is not "worldwide" and where it does exist, it's often much less than what it is here.

Yes it is... i already proved this in post #94. That's like saying COVID-19 isn't happening worldwide because where it does exist, it's often much less than what's here.

Stupid doesn't even begin to describe your post.

 

[Kushinator]

World inflation is 4.35% this past year.

In 2019, it was a little bit above 2%.

 

[Taylor]

Yes it is... i already proved this in post #94.

All you did in post #94 was prove me right.

That's like saying COVID-19 isn't happening worldwide because where it does exist, it's often much less than what's here.

Analogies aren't your strongest suit, are they? It's nothing like Covid. You're grasping at straws here. You can't defend Biden, so you default to this whataboutism nonsense.

 

[Kushinator]

All you did in post #94 was prove me right.

Global inflation has more than doubled from it's pre-pandemic level. All you do is lie, deflect, distort, and then eventually drive away with your middle fingers held high.

 

[Roadvirus]

That may be true, but I feel the Democrat Party as a whole could have done some things better….

First off: Stop creating so many mega-bills.

In a thread regarding BBB, i pointed out that it could've been broken down into 3 or 4 bills. That way, they could've put up to vote the more digestible stuff first while working on compromises on the long-shot stuff.

But that makes too much sense, so....

 

[Roadvirus]

And many many more with staggering inflation. Biden must have done something wrong in these countries as well.

Countries with the highest inflation rate 2024| Statista

At the end of 2024, Zimbabwe had the highest inflation rate in the world, at 736.11 percent change compared to the previous year. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central...

www.statista.com

No, but similar/near similar progressive ideological idiocy is what caused the problems in those countries.

 

[Crakhobarbie]

No, but similar/near similar progressive ideological idiocy is what caused the problems in those countries.

Oh... So now it's not Biden who's directly to blame.... It's a Worldwide ideology.... Got it.

 

[Crakhobarbie]

Time to retire that silly talking point. Inflation is not "worldwide" and where it does exist, it's often much less than what it is here.

The main difference between my contentions and yours is I can support my contentions with citations.

Inflation is a global problem

But a few unique factors are driving up prices in the United States.

www.google.com

https://www.google.com/url?q=https://www.fitchratings.com/research/sovereigns/rising-inflation-widespread-globally-us-stands-out-14-12-2021&sa=U&ved=2ahUKEwiC19KxyrT1AhW-JUQIHYTpAdEQFnoECAcQAg&usg=AOvVaw2FElIO202_h9_VaRgpVSo6

Inflation Rate - Countries - List

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries. The table has current values for Inflation Rate, previous releases, historical...

tradingeconomics.com

 

[PeteTheGeek]

You're showing the forum a level of extreme ignorance... that is all. Not once have you even attempted to employ the requisite theory necessary to detail how 2021's fiscal policy response has been the catalyst for inflation.

For starters, the majority of stimulus was appropriated in 2020, and U.S. vaccination (which was paramount to reopening the economy) didn't begin to take hold until the 2nd quarter of 2021. Furthermore, zero-interest-rate-policy and various credit facilities were in full effect long before Biden won the election, and certainly before he took office. You are simply an easy target of manipulation based on fear mongering and a lack of knowledge regarding the subject matter.

Unfortunately for you, I have degrees in this stuff and it is my area of work. But I’m wrong because “Trump bad, Biden good…”

 

[georgephillip]

The Fed's acknowledged the fastest growing inflation in 40 years is not transitory, yet it's also aware that a massive wave of defaults on corporate debt that's risen by $1.3 trillion since early 2020 makes it likely a massive wave of defaults would occur if it raises interest rates or reduces asset purchases

https://talkmarkets.com/content/sto...s-next-to-a-30-trillion-debt-bomb?post=337425

 

[rickc]

Unfortunately for you, I have degrees in this stuff and it is my area of work. But I’m wrong because “Trump bad, Biden good…”

Degrees from where
Tupelo Mississippi community college?