Misleading Inflation Numbers to be Released on Wednesday, May 12

[skeptic llc]

Kushnater:
The country is dead. Just like every country that allowed government to get away from them. We're simply following a cycle that has been repeated sence the dawn of man. Thats why no ancient civilization exists straight thru history. They always collapse as the citizens become decadent and rely on a naturally corrupting government to "take care of them".

Individual:
Obama tried to take credit for the Trump economy as well. With the so called "news" media in their polckets the swamp will always take credit for anything "good" that happens, as the country sinks into the oblivion of history.

Obama Tries To Take Credit For Trump’s Economy. It ...

We're back in the swamp and nothing is gonna save you. They will never allow the people to elect someone like Trump to try to save the country again. Allelections from now on will be totally controlled. Just like all socialist countries do.

Didn't "they" allow Trump to get elected even though more people voted for the other candidate? What's it like to pretend to be a victim all the time? PS -- Trump screwed up the country left and right, he lost not for lack of trying and lying, but because he was a totally unfit person to run anything. Stoking racial divisions, denying science, screwing over everyone to give his country club crowd what they wanted ... not a recipe for a better country.

 

[jpn]

And the Republican reaction? Hysteria over a little temporary inflation. Of course.

 

[Kushinator]

This economic recovery is going to piss off every Trump Republican. Even the ones in Russia.

It already has. Trump-bots are falling all over themselves to repeat things they don't understand.

 

[Darien100]

It's awesome, really, the depth of ignorance one encounters when discussing economics. Since 1971 you say?

View attachment 67336415

Is that from the same source that gives us the "inflation rate"? A little hard to do sence the Congress has been unable to audit the Fed reserve.

What they fail to include is where the "items" are produced. Sence the fateful day US manufacturing has flowed out to China and other places (1969 Overseas Investment Corp) which hides the actual increases. Today you can buy cheap made Chinese "tools" (put it in quotes for a reason) which are still more expensive than American made tools were prior to the black day in history. If everyone tried to buy American products that ### wud be dramatically different.

"Democracy doesn't work if you only support it when you win"

History shows us Democracy has never "worked". Our Founders learned from real history which is the reason for our constitutional Republic.

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury." -- Alexander Fraser Tyler, in 1776 book, "The Decline and Fall of the Athenian Republic,"

"largesse from the public treasury" ...good description of what we have been seeing as the country goes totally bankrupt.

"The general object was to produce a cure for the evils under which the United States labored; that in tracing these evils to their origins, every man had found it in the turbulence and follies of democracy." -- Edmund Randolph of Virginia, describing the effort to deal with the issue at the Constitutional Convention

Many more examples. Reading the Federalist and Anti-Fed Papers is a good place to learn about our Founding.

 

[Darien100]

Didn't "they" allow Trump to get elected even though more people voted for the other candidate? What's it like to pretend to be a victim all the time? PS -- Trump screwed up the country left and right, he lost not for lack of trying and lying, but because he was a totally unfit person to run anything. Stoking racial divisions, denying science, screwing over everyone to give his country club crowd what they wanted ... not a recipe for a better country.

From BING search:
There are more jobs than people out of work, something the American economy has never experienced before

• There are 6.7 million job openings and just 6.4 million available workers to fill them, according to the Bureau of Labor Statistics.
• April marked the second month in a row that there were more vacancies than available hires, a phenomenon that had not happened before 2018.
• Despite the mismatch, sizeable wage gains remain elusive, with average hourly earnings up just 2.7 percent over the past year.

There are more jobs than people out of work, something the Ameri…​

www.cnbc.com/2018/06/05/there-are-more-jobs-than-people-out-of-work.html

People also ask
Are there more jobs than people out of work?
There are 6.7 million job openings and just 6.4 million available workers to fill them, according to the Bureau of Labor Statistics. April marked the second month in a row that there were more vacancies than available hires, a phenomenon that had not happened before 2018.
There are more jobs than people out of work - CNBC
www.cnbc.com/2018/06/05/there-are-more-jobs-than-pe…
See all results for this question

We saw the evidence of this for at least 3 years. Every retailer and shop around here had "help wanted" signs. Never saw anything like that the previous 8 years. The voters saw that in spite of the liberal media trying to dmear the best president in your lifetime. Thats why Trump broke Obamas vote totals by over 4 million votes. And these were real voters who went to the polls with their I.D.'s in hand. Not mysterious truckloads of mail in votes with no ID requirements. Thats why he was so far ahead on election day. We predicted exactly what was gonna happen when the swamp used the fony "Wuhan plague" as an excuse for mail ins.


Along with this jewel.
Obama Tries To Take Credit For Trump’s Economy. It ...

We watched Barry on the tube trying to claim credit. It was quite an uncomfortable experience. He did not seem embarrassed by the subterfuge at all.

 

[jpn]

What they fail to include is where the "items" are produced. Sence the fateful day US manufacturing has flowed out to China and other places (1969 Overseas Investment Corp) which hides the actual increases. Today you can buy cheap made Chinese "tools" (put it in quotes for a reason) which are still more expensive than American made tools were prior to the black day in history. If everyone tried to buy American products that ### wud be dramatically different.

It's difficult to respond to chaos.

 

[jpn]

Along with this jewel.
Obama Tries To Take Credit For Trump’s Economy. It ...

Yes, the article is a jewel, all right.

It begins with a quote from Trump's Pravda spokewoman Kayleigh McEnany:

“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy. Obama and Biden orchestrated the worst economic recovery in modern history.”

Wow. "Trump reversed every single failed Obama-era economic policy."

Every one! Amazing! What a flurry of legislation that must have been!!!

Except, oh, the stimulus package with accelerated our recovery which outpaced the other nations that had been hit by the financial disaster. And the ACA, which included funding for expanding Medicaid into dozens of states and generating hundreds of thousands of high-paying jobs. I could go on and on, but you get the idea.

The article continues by painting a scenario in which the Obama recovery was a disaster on every front until Trump showed up just in time to save the day. Yeah, well, reality is a little bit different.

Employment:

See the huge "Trump effect" after 2016? Neither do I.

 

[CaughtInThe]

dumb people gonna be dumb.

 

[skeptic llc]

View attachment 67336439
And the Republican reaction? Hysteria over a little temporary inflation. Of course.

They deeply do not care. They're not hiding that fact.

 

[skeptic llc]

And these were real voters who went to the polls with their I.D.'s in hand. Not mysterious truckloads of mail in votes with no ID requirements.

Ahh yes, I see where you are coming from. No, Trump didn't crash the economy, deny a pandemic, lie constantly, hate on everyone who didn't swallow his every word, stoke racial division and nationwide rioting, run up the deficit while cutting taxes on the rich, incite an insurrection and calls for a Myanmar coup, and ultimate lose an election he refused to concede ... of course not, none of that happened, Dear Leader is a very articulate and dignified spokesman who is full of the bravery and the honesty.

 

[Kushinator]

The show goes on.

 

[Tahuyaman]

View attachment 67336439
And the Republican reaction? Hysteria over a little temporary inflation. Of course.

Inflation is the most damaging hidden regressive tax we have. It hurts only lower income people, those who can attord it the least.

 

[Kushinator]

Inflation is the most damaging hidden regressive tax we have. It hurts only lower income people, those who can attord it the least.

Inflation harms people/businesses who hold cash and cash-like equivalents. We have inflation at these levels because the economy is absolutely booming. However, this is just a transitory period as the market digests stimulus and supply chain disruption. By the 4th quarter of 2021, we should see inflation fall considerably on the basis of headline and core.

 

[jpn]

Inflation is the most damaging hidden regressive tax we have. It hurts only lower income people, those who can attord it the least.

It hurts only lower income people? No. It also hurts people with money, since inflation causes money to lose its value. It hurts creditors.

Inflation is best avoided, but so is deflation. The optimum is a small amount of inflation, around 2 percent a year.

But screaming "Inflation!" "Inflation!" is also a cynical political tactic used by some to slow the recovery to make Biden look bad and help the GOP in 2022. So we all need to factor that into our discussions, too.

 

[jpn]

Ahh yes, I see where you are coming from. No, Trump didn't crash the economy, deny a pandemic, lie constantly, hate on everyone who didn't swallow his every word, stoke racial division and nationwide rioting, run up the deficit while cutting taxes on the rich, incite an insurrection and calls for a Myanmar coup, and ultimate lose an election he refused to concede ... of course not, none of that happened, Dear Leader is a very articulate and dignified spokesman who is full of the bravery and the honesty.

Trump's one regret is that he has but one country to give for his life.

 

[jpn]

This is interesting:



Used cars, new cars, and car rentals together made up about half of core month-over-month inflation

 

[Tahuyaman]

It hurts only lower income people? No. It also hurts people with money, since inflation causes money to lose its value. It hurts creditors.

Inflation is best avoided, but so is deflation. The optimum is a small amount of inflation, around 2 percent a year.

But screaming "Inflation!" "Inflation!" is also a cynical political tactic used by some to slow the recovery to make Biden look bad and help the GOP in 2022. So we all need to factor that into our discussions, too.

Inflation hurts lower income people much more than it hurts the wealthy or upper middle class. It’s basically an unseen regressive tax.

Inflation isn’t a “ political tactic.” Its a result of piss poor economic policy.

The GOP can’t just turn on inflation to make Biden look bad. The idea that they can is idiotic.

 

[iguanaman]

Inflation is the most damaging hidden regressive tax we have. It hurts only lower income people, those who can attord it the least.

Deflation is the worst economic condition by far. The Fed shoots for 2% inflation as the healthiest situation for our economy.

 

[iguanaman]

Inflation hurts lower income people much more than it hurts the wealthy or upper middle class. It’s basically an unseen regressive tax.

Inflation isn’t a “ political tactic.” Its a result of piss poor economic policy.

The GOP can’t just turn on inflation to make Biden look bad. The idea that they can is idiotic.

Without inflation there would be no growth. What we are seeing now is prices that were depressed returning to normal and supply problems caused by the dramatic recovery. The Fed has not even budged on interest rates that are at all time lows so they don't see any REAL inflation yet. You will know when it is happening.

 

[Tahuyaman]

Without inflation there would be no growth. What we are seeing now is prices that were depressed returning to normal and supply problems caused by the dramatic recovery. The Fed has not even budged on interest rates that are at all time lows so they don't see any REAL inflation yet. You will know when it is happening.

No. You don’t know what you’re talking about.

Today liberals will argue that inflation is good. Lol.

 

[highroller]

No. You don’t know what you’re talking about.

Today liberals will argue that inflation is good. Lol.

If it isn’t then why was the federal reserve lowering rates and expanding bond purchases trying to get inflation going for the last 10 years?

The more I look at this inflation, the more it seems transitory.

 

[Tahuyaman]

This economic recovery is going to piss off every Trump Republican. Even the ones in Russia.

The inflation followed by stagflation is going to piss off everyone.

 

[Tahuyaman]

If it isn’t then why was the federal reserve lowering rates and expanding bond purchases trying to get inflation going for the last 10 years?

The more I look at this inflation, the more it seems transitory.

Of course it’s transitory. Once we return to a period of sound economic policy, it will calm down. Hopefully not too many working class and lower wage people will be ruined by then.

 

[Tahuyaman]

If it isn’t then why was the federal reserve lowering rates and expanding bond purchases trying to get inflation going for the last 10 years?

The more I look at this inflation, the more it seems transitory.

You guys don’t know what you’re talking about. This is a waste of time.

 

[highroller]

Of course it’s transitory. Once we return to a period of sound economic policy, it will calm down. Hopefully not too many working class and lower wage people will be ruined by then.

No one has been ruined by this inflation.