Joe crime Biden is the worst potus in modern history and would be in line for the firing squad if not protected by corrupt establishment for his many crimes against the nation. F**K EVERYONE THAT IS STANDING UP FOR HIM!!
Is Inflation.....
- Thread starter PawsFan_
- Start date
So you have facts? Didn't think so. Just like you just "know" that there was a stolen election. You are not a serious person.
Once again you are a clown that I cannot take serious with that response. Look at whats occurring seriously and then come back.
You should give this a listen. The second injection of cash from Trump wasn't necessary, ecomony was already on the move, the third from Biden was entirely uncessary, the economy was alrady back before he took office.
So yes, Trump had a hand in it but your boy Biden continues to drive it via spending.
Kushner has billions to invest for the Saudis. Hows that going? Hows the GOP debates shaping out? Yall might want to get your house in order.
What’s next you gonna tell us your ass wiper is charging 25 bucks per wipe instead of 20 now?
Lololololol
Biden Administration Oil, Gas Drilling Approvals Outpace Trump’s
Biden Administration Oil, Gas Drilling Approvals Outpace Trump’s
Center for Biological Diversity: Massive Fossil Fuel Expansion Undermines U.S. Climate Commitments
biologicaldiversity.org
Mileage tax for EV coming soon . Got to keep up the roads .
www.penncapital-star.com
Pa. House bill would hit electric, plug-in hybrid drivers with mileage fees | Thursday Coffee • Pennsylvania Capital-Star
States are looking to fill holes as gas tax revenues continue to decline nationwide.
www.penncapital-star.com
Well yah. Makes perfect sense. We kind of need roads.Mileage tax for EV coming soon . Got to keep up the roads .
Pa. House bill would hit electric, plug-in hybrid drivers with mileage fees | Thursday Coffee • Pennsylvania Capital-Star
States are looking to fill holes as gas tax revenues continue to decline nationwide.
I now feel better knowing that you are a troll. Well done.
What does "in recent memory" mean? If we are meaning since Covid, probably makes sense for a larger increase.
These are the types of articles that are complete clickbait. If the writer won't use his real name, don't take it seriously.
Inflation coming in hot. Interest rates will be higher for longer. rate cut for Jun is now down to 50-50. Rate cuts during election season will be frowned upon.
10 year trading up just over 4.25%
Cost of shelter is a significant contributor to the inflation. Speculation is that illegal's are pushing up housing costs.
10 year trading up just over 4.25%
Cost of shelter is a significant contributor to the inflation. Speculation is that illegal's are pushing up housing costs.
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"Speculation is that illegal's are pushing up housing costs."
Really? Holy crap man. All those illegals crossing the border and then buying up houses.
Just what CNBC said. Take it up with them i guess. I hardly ever watch them, just turned it on to see the print. Take if with a grade of slaw. That's why they said speculation i guess.
Housing prices rose under Obama and Trump and Biden, until 2023 when they started dropping.
Average Sales Price of Houses Sold for the United States
Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q3 2024 about sales, housing, and USA.
fred.stlouisfed.org
CPI under Trump = 8%Housing prices rose under Obama and Trump and Biden, until 2023 when they started dropping.
Average Sales Price of Houses Sold for the United States
Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q3 2024 about sales, housing, and USA.fred.stlouisfed.org
CPI under Biden = 18%
Related to housing it's called supply and demand. I'm guessing your Clemson education was not in economics.
CPI and PPI hotter than expected. They are trying desperately to keep inflation down but inflation it putting up a good fight.
Buy BTC
Buy BTC
Consumer inflation slows to lowest rate since February 2021
https://www.cnn.com/2024/09/11/economy/us-cpi-consumer-price-index-inflation-august/index.html
Inflation coming in hotter than expected. Certainly makes the .50pt rate cut at last meeting look political.
Bad news for Kammy.
Bad news for Kammy.
it's actually bad news for everyone, but i get it that you can't think past Kamala. she owns your every thought.
Remember when Trump was President and it was all about the stock market and unemployment and no Republican cared about the National Debt?
Now that the Stock market is WAY up from when Trump was in office and unemployment is great, it's inflation that REALLY MATTERS. And now that inflation is actually down, we see that it's not about inflation, it's about CORE CPI inflation.
I'm actually surprised you Trumpians didn't say the inflation numbers are fake. I'd think that was a better move than the core cpi move.
Now that the Stock market is WAY up from when Trump was in office and unemployment is great, it's inflation that REALLY MATTERS. And now that inflation is actually down, we see that it's not about inflation, it's about CORE CPI inflation.
I'm actually surprised you Trumpians didn't say the inflation numbers are fake. I'd think that was a better move than the core cpi move.
Inflation is cumulative. Just because the rate of continuing increase has lessened is not a reason to be happy or say it's under control.
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I see your point.
I am also a little bewildered that Democrats are not getting more credit for the economy. And it's worth thinking about a little deeper.
One theory i have is that inflation is far worse than advertised. The jobs numbers were basically fudged for a whole year. Why would they not fudge the CPI numbers?
While inflation as a whole averaged ~5.2% under Biden it was 1.9% under Trump. Additionally, the categories where inflation is hurting the people the most are necessities that people must buy. That is housing and food, and those two things have had higher than average inflation.
And that inflation can be linked directly to Ukraine and an unpopular war.
I do think it's and interesting topic though. Why haven't democrats received more credit for the record stock market and (relatively) low unemployment rate (although it's been creeping higher to normal levels the last 2-3 months)?
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In 2019 (trump's third year) the inflation rate was 2.3%, then it dropped significantly when covid hit (as did gas prices). It had been lower in prior years, but trumps policies drove it up. So essentially, the inflation rate has returned to the precovid trump levels.
To answer your question as to why dems don't get more credit for the economy, its because most Americans have the equivalent of a middle school education and are stupid as ****. Mouth breathers like you will always factor in covid into trumps numbers, but never give the same courtesy to his successor.
The last three republican presidents have the left economy much worse off than they inherited it.
That is a fact and it is not up for debate.
Your boy Obama was just today taking credit for Trumps economy just yesterday.
I would say in late 2021 and early 2022 the Biden admin was totally tone deaf to inflation. First they said it was transitory. It wasn't. When they had the chance to get inflation under control, they instead tried to pass a bill that would have been massively inflationary. Joe Manchin saved them by one vote.
Biden was 'hired' to stop covid, remember? He was going to do a better job and be the adult in the room. But he failed at that massively too with many more dying under Bidens term. Essentially Biden and Harris failed in multiple ways and thus why they are not getting credit.
Comparing Trump's Term with Obama's:
Obama's Term (2009-2017):
- 2009-2011: Following the 2008 financial crisis, the U.S. experienced deflation briefly in 2009, with negative CPI rates. After this dip, inflation started to rise but remained relatively low by historical standards.
- 2012-2016: Inflation was generally moderate. The annual CPI increase typically hovered between 1% to 2%, aligning with the Federal Reserve's target of around 2%. There were moments of concern, such as in 2011 when oil prices spiked, but overall, inflation was kept in check.
Trump's Term (2017-2021):
- 2017-2019: Early in Trump's term, inflation remained relatively low, similar to the end of Obama's term. The CPI increase was around 2% annually, which is considered stable. This period was marked by economic growth but without significant inflationary pressures.
- 2020: The year was dominated by the economic effects of the COVID-19 pandemic. Initially, there was deflation due to economic shutdowns. However, by the end of 2020, inflation started to pick up due to stimulus measures and supply chain disruptions.
Comparing Trump's Term with Biden's:
Biden's Term (2021 onwards):
- 2021: Inflation surged, partly due to pent-up demand, supply chain issues, and significant fiscal stimulus. The annual CPI increase was the highest in decades, reaching over 7% by the end of the year.
- 2022: Inflation remained high, peaking at around 9.1% in June 2022, driven by energy prices, used car prices, and other factors. However, it began to moderate towards the end of the year.
- 2023-2024: There's been a cooling trend, with inflation rates gradually coming down, though still above the Fed's 2% target. This period has seen aggressive monetary policy actions by the Federal Reserve to combat inflation.
Key Observations:
- Trump vs. Obama:
- The transition from Obama to Trump saw continuity in low inflation for the first few years. Trump's term saw initial stability followed by volatile inflation due to the global health crisis in 2020.
- Trump vs. Biden:
- The transition to Biden's term marked a significant increase in inflation, largely attributable to post-COVID economic rebound, supply chain issues, and policy decisions.
- While Trump's last year showed the beginnings of inflationary pressures due to economic reopening, Biden's term experienced these pressures more acutely.
