Republicans are in big trouble. My dad who voted for Trump in 2016 and 2020 and who usually has rants about Democrats, has been ranting about Republicans. He used the word "disgusted" by McCarthy, the Freedom Caucus and even Trump. Their letting the country default has set him off. Possibly cutting SSI is not going over well either. The national sales tax idea is pissing him off. Not collecting taxes from the cheats and the embrace of George Santos and MTG has also turned him off.
He seems to be ok with the current economy too. I don't know if this will affect future voting but the signs are not good for Republicans.
You are an absolute troll, but I will defuse your leftist talking point rant. The country has not defaulted and will not default. That is simply a scare tactic from the left (which you are reiterating). The debt ceiling has been used by both parties for years as a forced means of compromise. It has led to some meaningful reforms in the past and will this time as well, regardless of the bluster from the left. If we can achieve some real bipartisan cuts in spending, it will be a win (not just for Republicans, but for the American people). Social Security is not funded by federal income tax, so is not in danger of being cut, as it is not discretionary spending. It is funded by FICA (both the employee and employer contributions). That is another scare tactic from the left. Democrats had 2 years with complete control of government and did nothing to address the dwindling reserve, so don't act like Democrats have provided a solution to the Social Security issue. They have simply kicked the can down the road, like every other administration (left or right).
The national flat tax will never fly, it's just Politi speak. It's like when Democrats propose Medicare for all or universal basic income. They say it to enliven their base during election season, but it will never happen. Santos, MTG and Boebert are fools. So are AOC, Sanders, and the Squad. Both sides have idiots on their fringe. Your father (if indeed he exists) should be more enraged by the price of gas, eggs, and the dwindling of his net worth the past year that resulted from Biden's failed economic policies. You should be angry about the prospect of getting drafted to fight in a world war in Ukraine or China in the near future, the price of your college education that has been inflated by the army of DEI officials on campus and teacher benefit packages that far exceed those in the private sector, and the fact that Biden used you with the promise of student loan forgiveness (that he knew he lacked the authority to forgive via executive order and will be overturned by the courts, instead of including it in a spending bill where it actually could have survived given the Democratic majority in the senate and house at the time).
Employment is extremely low. Inflation is curbed. The market has corrected but is doing ok. Energy prices are fine in the US. Most people rate the economy quite strongly.
I don’t understand the intense desire to convince people things are worse than they seem. At some point you’ve got to accept that things just aren’t that bad. The only person you’re hurting is yourself, surely.
Inflation stable for 6 months - at 6%. You have provided self-parody.
Total inflation as been < 1% since July.
Oh?
The annual inflation rate for the United States is 6.5% for the 12 months ended December 2022 after rising 7.1% previously, according to U.S. Labor Department data published Jan. 12. The next inflation update is scheduled for release on Feb. 14, 2023, at 8:30 a.m. ET.
The annual inflation rate for the United States is 6.5% for the 12 months ended December 2022 after rising 7.1% previously, according to U.S. Labor Department data published Jan. 12. The next inflation update is scheduled for...
The annual inflation rate for the United States is 6.5% for the 12 months ended December 2022 after rising 7.1% previously, according to U.S. Labor Department data published Jan. 12. The next inflation update is scheduled for release on Feb. 14, 2023, at 8:30 a.m. ET.
You are an absolute troll, but I will defuse your leftist talking point rant. The country has not defaulted and will not default. That is simply a scare tactic from the left (which you are reiterating). The debt ceiling has been used by both parties for years as a forced means of compromise. It has led to some meaningful reforms in the past and will this time as well, regardless of the bluster from the left. If we can achieve some real bipartisan cuts in spending, it will be a win (not just for Republicans, but for the American people). Social Security is not funded by federal income tax, so is not in danger of being cut, as it is not discretionary spending. It is funded by FICA (both the employee and employer contributions). That is another scare tactic from the left. Democrats had 2 years with complete control of government and did nothing to address the dwindling reserve, so don't act like Democrats have provided a solution to the Social Security issue. They have simply kicked the can down the road, like every other administration (left or right).
The national flat tax will never fly, it's just Politi speak. It's like when Democrats propose Medicare for all or universal basic income. They say it to enliven their base during election season, but it will never happen. Santos, MTG and Boebert are fools. So are AOC, Sanders, and the Squad. Both sides have idiots on their fringe. Your father (if indeed he exists) should be more enraged by the price of gas, eggs, and the dwindling of his net worth the past year that resulted from Biden's failed economic policies. You should be angry about the prospect of getting drafted to fight in a world war in Ukraine or China in the near future, the price of your college education that has been inflated by the army of DEI officials on campus and teacher benefit packages that far exceed those in the private sector, and the fact that Biden used you with the promise of student loan forgiveness (that he knew he lacked the authority to forgive via executive order and will be overturned by the courts, instead of including it in a spending bill where it actually could have survived given the Democratic majority in the senate and house at the time).
Employment is extremely low. Inflation is curbed. The market has corrected but is doing ok. Energy prices are fine in the US. Most people rate the economy quite strongly.
I don’t understand the intense desire to convince people things are worse than they seem. At some point you’ve got to accept that things just aren’t that bad. The only person you’re hurting is yourself, surely.
GDP is overstated because it is adjusted for inflation which is a wildly manipulated statistic. If we used the same measure for inflation that we used in 1980 inflation would be points higher which would mean -4 GDP print for Q4. If we used the 1990 measurement standards we'd be at 0 growth for Q4. So the Biden administration is great at manipulating statistics. They revised the way inflation was measured going into last year and are rejiggering it again this year.
The 300k jobs added was BS. The Fed already disputed the Biden admins previous job statistics as being overstated by 1 million jobs in Q2. If you look at the Household jobs survey it matches what the Fed is saying and shows no gain in jobs but the Biden admin is touting the establishment survey which is less accurate.
All those companies laying off employees aren't doing it because we have a booming economy.
Kinda like COVID takes here. “the numbers are made up because I don’t like them”
We already explained why big tech is scaling back to pre-COVID growth trends. Adding +30% headcount in 2 years for a top 10 US company only made sense when money was free.
Talk to your local folks on main street. No one is worried. Things are fine once you turn away from the TV.
This is very accurate. Yes a couple companies laid off some people but the unemployment rate is at an all time low. PEOPLE ARE NOT WORRIED ABOUT THEIR JOBS OR FINDING GOOD PAYING JOBS. Recent college grads are doing better than they ever have. The newspapers keeps pounding this idea of impeding doom to sell papers. Our economy has turned around. Inflation is dropping and GNP is growing. (But that news doesn't sell papers.)
I love how a previous poster blames all the recent past presidents for the national debt. Both Obama and Biden took over during a crises and had to spend money to basically save the country from worse problems. What this other poster ignores when he blames everyone for the national debt is that no one added more to the debt than Donald Trump. He increased the national debt by a whopping record 25%! And the sad part is that unlike the other presidents Trump took over a healthy economy that could have made gains toward placing the debt under control but he blew the opportunity for the country by giving back to the wealthy.
So many people don’t understand YoY vs monthly inflation rate. So naive. Prices are ~6% higher than a year ago but they’ve stayed constant since July. Since July the monthly rates have been:
0%, 0.1%, 0.4%, 0.4%, 0.1% and -0.1% through December. That’s 0.92% in aggregate since July. Not very hard math.
100% of your statement is based on C.P.I. Issue: c.p.i. does not tell 100% of the story. C.p.i. currently does not match U.S. Treasury Bill yields; C.p.i. currently does not match U.S. Treasury Note yields; C.p.i. currently does not match U.S. Treasury Bond yields;
C.p.i. currently does not match Series I yields;
C.p.i. doesn't match current o.f.f. rate.
Go back and look in 2015 when there truly was very low inflation. All the above were close to c.p.i. numbers. It's not as simple as you implied.
100% of your statement is based on C.P.I. Issue: c.p.i. does not tell 100% of the story. C.p.i. currently does not match U.S. Treasury Bill yields; C.p.i. currently does not match U.S. Treasury Note yields; C.p.i. currently does not match U.S. Treasury Bond yields;
C.p.i. currently does not match Series I yields;
C.p.i. doesn't match current o.f.f. rate.
Go back and look in 2015 when there truly was very low inflation. All the above were close to c.p.i. numbers. It's not as simple as you implied.
What? We are talking about inflation. 95% of the inflation discourse is about CPI.
Series I use the 1/2 year CPI + fixed rate. You’re clueless.
When your grocery bill doubles only a moron would say yes but inflation is only "6%" because some government agency told me so.
Hamburger buns were 99 cents in 2019. Today they're $3.
Eggs were 99 cents in 2019. Today they're $5-7.
Ground meat was less than $3 a pound in 2019 today's it's over $7.
6% is BS and everyone who doesn't live with their parents knows it.
Don’t shop at Whole Foods dude. $7 for ground beef? Eggs have a big supply shortage because of avian flu. (Read up on supply and demand)
Check out grocery prices here. They haven’t changed like you claim. Eggs are the big outlier. Most changes are consistent with < 2 years of 6-7% yearly inflation.
100% of your statement is based on C.P.I. Issue: c.p.i. does not tell 100% of the story. C.p.i. currently does not match U.S. Treasury Bill yields; C.p.i. currently does not match U.S. Treasury Note yields; C.p.i. currently does not match U.S. Treasury Bond yields;
C.p.i. currently does not match Series I yields;
C.p.i. doesn't match current o.f.f. rate.
Go back and look in 2015 when there truly was very low inflation. All the above were close to c.p.i. numbers. It's not as simple as you implied.
What? We are talking about inflation. 95% of the inflation discourse is about CPI.
Series I use the 1/2 year CPI + fixed rate. You’re clueless.
Again you’re just changing the terms of something because you don’t line it.
You, for some reason that this was purely a c.p.i. discussion. Someone started a thread stating Biden is great. You mentioned c.p.i. Are the current times in U.S. like 2015 when there was actually near zero inflation? Yes or no?
When your grocery bill doubles only a moron would say yes but inflation is only "6%" because some government agency told me so.
Hamburger buns were 99 cents in 2019. Today they're $3.
Eggs were 99 cents in 2019. Today they're $5-7.
Ground meat was less than $3 a pound in 2019 today's it's over $7.
6% is BS and everyone who doesn't live with their parents knows it.
Don’t shop at Whole Foods dude. $7 for ground beef? Eggs have a big supply shortage because of avian flu. (Read up on supply and demand)
Check out grocery prices here. They haven’t changed like you claim. Eggs are the big outlier. Most changes are consistent with < 2 years of 6-7% yearly inflation.
Again you’re just changing the terms of something because you don’t line it.
You, for some reason that this was purely a c.p.i. discussion. Someone started a thread stating Biden is great. You mentioned c.p.i. Are the current times in U.S. like 2015 when there was actually near zero inflation? Yes or no?
Impressive backtracking. I’ll accept your retreat. Inflation, as measured, is < 1% since July.
Don’t shop at Whole Foods dude. $7 for ground beef? Eggs have a big supply shortage because of avian flu. (Read up on supply and demand)
Check out grocery prices here. They haven’t changed like you claim. Eggs are the big outlier. Most changes are consistent with < 2 years of 6-7% yearly inflation.
You, for some reason that this was purely a c.p.i. discussion. Someone started a thread stating Biden is great. You mentioned c.p.i. Are the current times in U.S. like 2015 when there was actually near zero inflation? Yes or no?
Impressive backtracking. I’ll accept your retreat. Inflation, as measured, is < 1% since July.
You're confusing the month to month change with the actual value...
