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Inflation ticked up in August... Those tariffs are just a great idea

Not at all surprising and it will only continue to climb in the face of these arbitrary and unnecessary tariffs. Hopefully the SC will rectify the situation but I'm not hopeful.
 
Shrink726 said:
US consumer prices increase more than expected in August | Reuters https://share.google/mx93oYOXbEYBAX5Qt

Now the Fed's in a bit of a pickle.
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Liberal hypocrisy on display.

Four years ago...when inflation SKYROCKETED...the libs were, "Sorry, nothing we can do about it." Today...when inflation TICKED UP...the libs are, "OMG!! THE SKY IS FALLING!!"

SMH
 
Mycroft said:
Liberal hypocrisy on display.

Four years ago...when inflation SKYROCKETED...the libs were, "Sorry, nothing we can do about it." Today...when inflation TICKED UP...the libs are, "OMG!! THE SKY IS FALLING!!"

SMH
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The job market is dead and inflation is now rising steadily, so there’s certainly cause for concern.
 
Mycroft said:
Liberal hypocrisy on display.

Four years ago...when inflation SKYROCKETED...the libs were, "Sorry, nothing we can do about it." Today...when inflation TICKED UP...the libs are, "OMG!! THE SKY IS FALLING!!"

SMH
Click to expand...

One set of increases happened under normal market conditions, and the Biden government responded, if imperfectly.

Trump "solved" that problem by making it much worse with his idiot tariffs, injecting uncertainty, and alienating our biggest trade partners.

SMH indeed, you certainly are old enough to know better.
 
Mycroft said:
Liberal hypocrisy on display.

Four years ago...when inflation SKYROCKETED...the libs were, "Sorry, nothing we can do about it." Today...when inflation TICKED UP...the libs are, "OMG!! THE SKY IS FALLING!!"

SMH
Click to expand...
Four years ago the administration at the time did not decide to place tariffs on most of the world for every reason ranging from "fairness" to a country's prosecution of a former leader for attempting to subvert a national election. The former administration let the Fed do its thing and inflation was steadily dropping.
 
Mycroft said:
Liberal hypocrisy on display.

Four years ago...when inflation SKYROCKETED...the libs were, "Sorry, nothing we can do about it." Today...when inflation TICKED UP...the libs are, "OMG!! THE SKY IS FALLING!!"

SMH
Click to expand...
Why do you insist on pretending that COVID didn't cause world-wide inflation? Do you not realize how dishonest that is?
 

Inflation ticked up in August... Those tariffs are just a great idea​

It looks like Trump's MIT "connection" has been turned off. 😏
 
ElChupacabra said:
Four years ago the administration at the time did not decide to place tariffs on most of the world for every reason ranging from "fairness" to a country's prosecution of a former leader for attempting to subvert a national election. The former administration let the Fed do its thing and inflation was steadily dropping.
Click to expand...
Four years ago the administration went to war with the fossil fuel energy industry and simultaneously, massively and unnecessarily spent a multiple trillion dollars. This caused inflation to skyrocket. Then, they provoked a war in Europe and spent billions more. Along with all that, they opened the border and let in a flood of illegal aliens. Their sympathetic talking potato heads dismissed it all as not the fault of the liberal Congress and liberal Executive branch.

The Fed, in their effort to combat the consequences of that administration's actions, raised the prime rate and stifled the economy to the point where employment increases dropped to almost zero...except for the employment increases of those illegal aliens and of government employees.

Meanwhile, the talking potato heads repeated over and over, "The economy is fine."

Fortunately, enough Americans didn't believe their propaganda.
 
Mycroft said:
Four years ago the administration went to war with the fossil fuel energy industry and simultaneously, massively and unnecessarily spent a multiple trillion dollars. This caused inflation to skyrocket. Then, they provoked a war in Europe and spent billions more. Along with all that, they opened the border and let in a flood of illegal aliens. Their sympathetic talking potato heads dismissed it all as not the fault of the liberal Congress and liberal Executive branch.
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:ROFLMAO:

This one always cracks me up in its cluelessness as to what actually happened.

Mycroft said:
The Fed, in their effort to combat the consequences of that administration's actions, raised the prime rate and stifled the economy to the point where employment increases dropped to almost zero...except for the employment increases of those illegal aliens and of government employees.

Meanwhile, the talking potato heads repeated over and over, "The economy is fine."

Fortunately, enough Americans didn't believe their propaganda.
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Good lord man, this is so laughably daft. I'll leave the turd you just dropped to bake in the sun for a bit.
:poop:
 
Moderate Right said:
I guess I have to point out that you yourself used the phrase, "ticked up". Has it ticked up yet to Biden's 9%?
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We’re about to get a rate cut amid steadily rising inflation, even as we’re erecting new trade barriers, stifling domestic energy production, and blowing up the deficit still further.

The best case scenario for inflation going forward is that the job market continues cratering and the recession holds down price increases as demand collapses (I.e., a redux of Trump 1.0). Pretty grim.
 
Moderate Right said:
I guess I have to point out that you yourself used the phrase, "ticked up". Has it ticked up yet to Biden's 9%?
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I think you may have lost sight of the issue. In large part Harris lost the election based on the perception by voters that the economy was in bad shape coupled with the mantra from the left that it was great. Trump promised to fix Biden's broken economy and bring down prices. Prices were in fact trending down until Trump instituted his arbitrary tariffs now they are headed up again. Not only did Trump say he would fix it he actually took steps that made it worse. Yet, like the Dems in 2024 , he is ignoring the people's perception and pretending everything is great.

The economy is the top issue with the majority of voters. Other issues come in and out but the economy/tariffs and inflation is consistently in the top one or two and the voters are very unhappy with Trump's handling of it. We see indicators of an even weaker economy on the horizon and that is concerning. If you think voters are going to be AOK as long as it doesn't reach Biden era levels you are fooling yourself.....but in fact I don't think you think that at all. It's a game.
 
Greenbeard said:
We’re about to get a rate cut amid steadily rising inflation, even as we’re erecting new trade barriers, stifling domestic energy production, and blowing up the deficit still further.

The best case scenario for inflation going forward is that the job market continues cratering and the recession holds down price increases as demand collapses (I.e., a redux of Trump 1.0). Pretty grim.
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As long as inflation holds under Biden's 9%, people will probably be happy.
 
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