Inflation soars to 7%!!!

That's the result of 4 years of Trump in office.

Thank every Orange when you see one.

Banana eater wrote:

That's the result of 4 years of Trump in office.

Thank every Orange when you see one.

What a boring life you must have to just default to Trump as the reason for everything.

Trump didn’t flood the market with money and cripple the supply chain with mandates.

If you have a specific policy of Trumps that you think lead to the inflation we would love to hear it.

Banana eater wrote:

That's the result of 4 years of Trump in office.

Thank every Orange when you see one.

It took you all of two minutes to deflect to Trump. Imagine how boring your life would be without him.

This has been the consensus estimate for months now. Futures are up. This isn't exactly news...

Yawn^10 wrote:

Banana eater wrote:

That's the result of 4 years of Trump in office.

Thank every Orange when you see one.

What a boring life you must have to just default to Trump as the reason for everything.

Trump didn’t flood the market with money and cripple the supply chain with mandates.

If you have a specific policy of Trumps that you think lead to the inflation we would love to hear it.

hmmmm. what happened that required Biden to flood the market with money.....hmmmmmmmmmmmmmmmm

Grace Kelly wrote:

Yawn^10 wrote:

What a boring life you must have to just default to Trump as the reason for everything.

Trump didn’t flood the market with money and cripple the supply chain with mandates.

If you have a specific policy of Trumps that you think lead to the inflation we would love to hear it.

hmmmm. what happened that required Biden to flood the market with money.....hmmmmmmmmmmmmmmmm

The left blew a glorified flu virus out of proportion, shut the country and the economy down, and complained that they needed more money.

Cmon now, own up to your failed policies.

More money (stimulus, etc) got pumped into the economy under Trump in 2020 than Biden in ‘21. Both of these combined with supply chain issues are the cause. Too much money chasing too few goods.

Yawn^10 wrote:

Banana eater wrote:

That's the result of 4 years of Trump in office.

Thank every Orange when you see one.

What a boring life you must have to just default to Trump as the reason for everything.

Trump didn’t flood the market with money and cripple the supply chain with mandates.

If you have a specific policy of Trumps that you think lead to the inflation we would love to hear it.

2017 2 trillion $ tax cut to the richest 1% and corporations. Those corporations as well as individuals have recorded record profits since that time by raising prices yet keeping labor and costs of doing business level. The inflation we are seeing is due to corporations claiming "supply chain" and increasing wages, but it is actually their greed (record personal and corporate profits) that has increased inflation.

This is not new. The same happened under Reagan & Bush. Hmmmm, what do they have in common?

george cos wrote:

Yawn^10 wrote:

What a boring life you must have to just default to Trump as the reason for everything.

Trump didn’t flood the market with money and cripple the supply chain with mandates.

If you have a specific policy of Trumps that you think lead to the inflation we would love to hear it.

2017 2 trillion $ tax cut to the richest 1% and corporations. Those corporations as well as individuals have recorded record profits since that time by raising prices yet keeping labor and costs of doing business level. The inflation we are seeing is due to corporations claiming "supply chain" and increasing wages, but it is actually their greed (record personal and corporate profits) that has increased inflation.

This is not new. The same happened under Reagan & Bush. Hmmmm, what do they have in common?

Can’t take anything you say seriously when you believe the tax cut myth. I’m nowhere close to the richest 1% and I benefitted greatly from the tax cuts.

The supply chain problems are real. I can see it first hand in my local stores. Or do you think the stores are hiding the merchandise in the back?

Biden is so strong he even managed to create inflation in France, Germany, UK, etc!

Yawn^10 wrote:

Grace Kelly wrote:

hmmmm. what happened that required Biden to flood the market with money.....hmmmmmmmmmmmmmmmm

The left blew a glorified flu virus out of proportion, shut the country and the economy down, and complained that they needed more money.

Cmon now, own up to your failed policies.

Ok, so the what was Trump's excuse for 'flooding' the market with money? His self proclaimed 'historic' economy?

Inflation didn't magically appear in the last 11 months.

The last 4 administrations have had the same 'flood' the market with money approach.

Taking a decade plus trend and blaming it on the last 11 months is just the current strategy for keeping the GQP cult misled and angry with the wrong people.

BTW is the economy shut down? I believe consumer spending is pretty high currently.

the inflation we are seeing is a direct result of the pandemic, shutdowns, etc and their ripple effects on the world economy, not Trump or Biden.

Yawn^10 wrote:

Can’t take anything you say seriously when you believe the tax cut myth. I’m nowhere close to the richest 1% and I benefitted greatly from the tax cuts.

The supply chain problems are real. I can see it first hand in my local stores. Or do you think the stores are hiding the merchandise in the back?

Whether you or I take it seriously, tax cuts for the rich (trickle-down economics) have directly caused major recessions each and every time they've been implemented in my lifetime (Reagan, Bush, Trump).

I am middle class and without financial changes have paid about $4.5K more in taxes since that tax cut but this goes much deeper than individuals.

I do not think stores are hiding things, but corporations have added $ to tax sheltered accounts (offshore primarily) and can hold back inventory to raise prices and profits. Much the way OPEC has done with oil over the years. Things are not as simplistic as this but it is a major part of the issue.

You are seeing empty shelves and it makes you think. Don't you also wonder how corporations are recording record profit after record profit when the supply is down?

Yawn^10 wrote:

Banana eater wrote:

That's the result of 4 years of Trump in office.

Thank every Orange when you see one.

What a boring life you must have to just default to Trump as the reason for everything.

Trump didn’t flood the market with money and cripple the supply chain with mandates.

If you have a specific policy of Trumps that you think lead to the inflation we would love to hear it.

Trump's tax plan caused many publicly traded companies to buy back their stock in order to boost share prices. This, in turn, caused people's investment portfolios to grow at a rapid rate. That created demand for housing, both primary residences and vacation/investment properties. Trump did nothing to actually follow through on promises to return jobs to middle American. So, all the major employment centers remained mostly in about two dozen large metro areas. Supply of new homes has been dwindling in these markets because these cities have sprawled out to their limits and gentrification of close in communities is almost exclusively high end development. Combine that with a complete lack of investment in public housing, and you get big time inflation in the housing market. In all fairness, Biden hasn't lifted a finger on public housing investments, repealing Trump tax breaks or trying to bring jobs back to small and mid sized cities that have never recovered from de-industrialization.

On the other hand, the remainder of consumer inflation is driven primarily by corporate monopolies and monopsony on the distributor level (meat packing industry, international container shipping, etc.). The lack of price competition has allowed corporations to use COVID supply chain issues as a pretext to raise prices well beyond what is necessary to recover increased costs related to oil prices and transportation prices (by the way, transportation costs are a good example of what happens without meaningful price competition. The cost to move a container of goods has risen from about $2k to $20K+. That additional $18k is almost all pure profit as increased energy costs and wages have had a minimal effect on pricing.). Trump had four years to do something on anti-trust and did nothing except complain about social media companies.

Finally, the current consumer inflation outside of housing is temporary. Just like during the Carter administration, inflation is caused by a temporary crisis. In Carter's days, it was the oil embargo. When OPEC lifted the oil embargo, inflation went away very quickly. US energy production will rebound in 2022 and supply chain disruptions will ease once we get out of winter.

Look around, at the $5 gas and the hobos pooping in our parks, at the constantly shifting vaccine/mask goalposts and the cat ladies/public school teachers determined to inject Ibram X. Kendian race hustling into your kids’ cerebellums.

Look at how Inflation just hit another new high of 7% on the same day we will hit a new high on covid hospitalizations & cases.

Look at the unvaxxed illegal immigrants flooding your communities.

You did that, non-dead Biden voters!

You.

This is your failure.

tommy mendez wrote:

Jimmy carter 2.0. Democrat incompetence is on full display.

If not too well informed U.S. citizens complain too much about inflation, Federal Reserve can easily fix higher inflation.

* Federal reserve can cease bond buy back program. If that occurs, 10 to 30 year U.S. Notes and U.S. Bonds yields will quickly go near 5%.

* Federal Reserve can increase Overnight Fed Funds Rate over 5%.

* Federal Reserve can increase Discount Rate over 5%.

Inverting yield curve has cured higher inflation every time. Inverting yield curve often causes a recession. In regard to your James E. Carter statement, Carter brought in Inflation Hawk, Paul Volcker. Volcker set O.F.F. Rate over 20%.

wazzu1452 wrote:

Look around, at the $5 gas and the hobos pooping in our parks, at the constantly shifting vaccine/mask goalposts and the cat ladies/public school teachers determined to inject Ibram X. Kendian race hustling into your kids’ cerebellums.

Look at how Inflation just hit another new high of 7% on the same day we will hit a new high on covid hospitalizations & cases.

Look at the unvaxxed illegal immigrants flooding your communities.

You did that, non-dead Biden voters!

You.

This is your failure.

Yeah but next thread you'll saying COVID is flu and the hospitals aren't overloaded and natural immunity is better than the vaccine. You're only making a point about unvaxxed migrants not the unvaccinated in general.

And your solutions to homelessness will just be to terrify and drive out anyone without a home into the next city, rather than actually deal with the root cause.

wazzu1452 wrote:

Look around, at the $5 gas and the hobos pooping in our parks, at the constantly shifting vaccine/mask goalposts and the cat ladies/public school teachers determined to inject Ibram X. Kendian race hustling into your kids’ cerebellums.

Look at how Inflation just hit another new high of 7% on the same day we will hit a new high on covid hospitalizations & cases.

Look at the unvaxxed illegal immigrants flooding your communities.

You did that, non-dead Biden voters!

You.

This is your failure.

Look at the fear-mongering. One of the many contradictions made by modern-day conservatives. BTW, Biden has not been good. But we got Biden because we had Trump. Trump is directly responsible for many things that are wrong with this country right now. BTW, how has that stock market done since Trump?