Inflation rose 7% in December...
- Thread starter El Cubano
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Another dimwit response. Inflation rose in December for the reason it always rises- an imbalance in supply and demand. Inflation occurs when demand outweighs supply. Controlling inflation is largely the responsibility of the Federal Reserve.
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Please provide which month's that there was 7% inflation when Trump was president?
I do seem to remember that the Federal Reserve was in place from 2017 through 2020.
This is an issue that both dems and repubs should be very concerned about. Inflation is rampant, debt is mind boggling, supply chains show no signs of improving and the labor market is ugly. Couple those with the Fed raising rates multiple times in 2022 and you have a recipe for financial disaster especially on the jobs front. If I were you guys, I would stop focusing on the assisted living facility at 1600 PA Ave and its incompetent occupant and start supporting whoever puts forth sound fiscal policy going forward.
That’s 7% compared with the previous December. 7% for the year, not for the month.
MM- I have demand up the arse yet cannot receive supply due to container ships anchored in CA and Seattle. Anywhere from 3 to 10 months out to receive product for the demand.
A container has gone from $1500/per to over $20k/per. Explain that to me please? This is not a simple ‘guns & butter’ chart I saw all the time in economics class at The U. To pour gasoline on a fire, there are no truck drivers to deliver IF a container is unloaded. I have resorted to rail, when available, to have minimal supply to sell. Never had these problems under a former presidency just a little over a year ago.
Let me guess with your intellect per a majority of your posts- It is not the problem of the blue states having all those container ships at anchor? Are you blaming the longshoremen unions? Asking for a friend….
Keep thinking that... Biden policies has cost this..thus... We are fuccked.. TY u dumb-ass Biden voters...
By the way never like this...
Do you realize what causes demand? Too much money pumped into the system unnecessarily. Keep using pretzel logical to blame somebody other than Biden.
Your point about the container cost is very salient. China is waging a trade war against the US. Basically everything coming from China is costing far more and less available.. Kind of like OPEC did to Jimmy Carter. Trump understood this and fought back. President Depends and his Supply Sidekick little petey are either too dumb to understand or complicit?
There only two reason logical people blame Biden: first he's the president; second, we don't know who is really calling the shots in this administration. Mike, if you know the answer, please enlighten us all
I don't think he really understands the financial turmoil his administration has caused. He just reads what someone puts in front of him and then walks away.
HIGHEST PRICE JUMPS IN 40 YEARS..
THANK- YOU POTUS DUMB-SHITT..!!!! AND TO ALL YOUR VOTERS... WE ARE FUCCKED ANOTHER 3 YEARS WITH THIS IDIOT...
THANK- YOU POTUS DUMB-SHITT..!!!! AND TO ALL YOUR VOTERS... WE ARE FUCCKED ANOTHER 3 YEARS WITH THIS IDIOT...
When President skidmarks cancelled the Keystone pipeline on day one of his "whatever you want to call it", he sent a message to the US economy that energy costs were going to skyrocket. Even a 3rd grader knows that less domestic oil will dramatically increase the cost of a boat going across an ocean or a truck going across the US. No less a Publix truck driving from Lakeland to Kendall to put ground beef on the shelves or a teacher/nurse driving to work. China raised the price of a container of stuff 13X but they did pay $500,000 for Hunters Biden farts on canvas. That little Mikey is the Biden contribution to inflation.
Biden shutting down US energy production has nothing to do with this
. Just go into a progressive crack house and they will tell you between hits. Right Mikey?
Mike the FED can only do monetary policy they don't handle fiscal policies by administrations. This is a DIRECT result of POURING money into the economy artificially by the Biden Administration and to a lesser degree the Trump Administration.
For MM also since he is the economics guru on these boards: In California for the truck drivers to actually transport cargo off container ships IF the containers are unloaded, the diesels have to be 2 years old or less. Makes complete sense right? I question why I need to find rail freight now…. Little Mikey- asking for a valid response from you on this thread…..
And California won't let thei ports stack containers higher than 2. Read this article. This SLOWS down ports ability to move freight.
One quote from article: Not allowed higher than 2 or 8 ft to reduce the visual impact of the port.
@miamimike this is what we mean by failed liberal policies. The port doesn't look any prettier by limiting the container stacks. It's dumb and unproductive.
https://losangeles.cbslocal.com/202...the-backlog-of-cargo-ships-waiting-to-unload/
National Guard Could Be Deployed To Help With LA Port Cargo Backlog
Dozens of cargo ships have been anchored offshore from the ports of L.A. and Long Beach for weeks.
losangeles.cbslocal.com
You complain about all the container ships at anchor, then claim there are no truck drivers to deliver if a container is unloaded. What's your solution?
Do you realize that pent-up demand outweighs supply due to the pandemic? And explain how too much money pumped into the system creates demand. Total, illogical BS!
You seem to be the board economist…. Educate us please…
Too much money chasing too few goods- definition of inflation. Look it up genius.
Do you know who Larry Summers and Robert Rubin Are? Look up their statements on Diaper Joe's economic policies. Then tell us why they're wrong and you're right.
Rates of inflation are at record highs worldwide. Obviously, there is more at play here than Biden policies.
You didn't answer the question. Why are those elite economists wrong ,and you are right?
Are you happy with all of Joe's policies so far and do you think any of them have contributed at all to the inflation here in America?
Inflation in the 19 countries that use the euro hit its highest level on record. You can verify that fact for yourself and explain how Biden policies are the cause.
No, I'm not happy with all Biden policy ut people are acting as if his policies are the sole cause of inflation when rates of inflation are at record highs worldwide. Inflation in the 19 countries that use the euro hit it highest level on record. Are Biden policies the cause for that?
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Mike, almost every economy in the world is affected by the state of the US economy; you know that as well as everyone else and you don't need to be Larry Summers to understand that. And yes, the Biden economic policies are mainly to blame. All those trillions that are unaccounted for are what is driving inflation. the labor shortages in every industry and the supply problems. Covid is not the primary driver no matter what the administration geniuses say. That is an excuse not a reason
It seriously doesn’t get any more basic than that! It’s literally common sense which is why Mike and his liberal friends can’t understand it.
Mike is repuking DNC talking points and there are a lot of excuses/talking points. Kind of like Daddy Manny telling Canes fans that Moss and Kelly had nothing to do with Junior vs. Mario. Their commitment had to do with global change of an intersection of Covid, NIL and melting of polar ice caps.. They really loved Manny.
I understand that inflation is worldwide, I was simply asking if any of Biden's policies have had any effect on America's inflation problems.
Biden policies are not responsible for worldwide inflation. Inflation results when demand outweighs supply. Supply chains were disrupted during the pandemic and have yet to recover to fully meet demand.
My solution? In California get rid of the EPA standards on diesel trucks, go back to allowing truckers and Uber drivers to be independent Contractors. That's 2 ideas right there.
Not due to the pandemic. Due to GIVING money to people and businesses in record amounts EVEN WHEN NOT NEEDED and FLOODING THE ECONOMY WITH DOLLARS. Then on the wage side Biden paid people MORE NOT TO WORK putting business in direct competition with the Federal Government. That increase in wages NEEDS TO BE RECOVERED by the business and they do that by RAISING PRICES.
Come Mike, Economics 101...US economy affects most of the world's economies. When we fly, so do they. When we sink,
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